PT Timah Pockets IDR 602 Billion Net Profit Until September 2025

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JAKARTA - PT Timah (Persero) Tbk (TINS) recorded a net profit of IDR 602 billion until the third quarter of 2025 or in September this year.

Director of Finance and Risk Management of PT Timah Fina Eliani said the profit growth was driven by an increase in global tin metal prices, strengthening demand from the electronics sector as well as an optimization strategy for sales and production cost efficiency.

"Along with increased production from quarter to quarter, the trend of increasing global tin metal prices and government support in improving tin mining governance, the company managed to record a net profit of nine months 2025 of IDR 602 billion or twice the achievement of the first semester of 2025," said Fina in her official statement, quoted on Saturday, November 1.

Global lead demand, especially from the electronics sector such as tin solder and tin chemical, remains strong driven by the Japanese and Chinese markets. Based on data from the Ministry of Trade (Kemendag), Indonesia's tin metal exports until September 2025 reached 37,946 metric tons, up 28 percent compared to the same period in 2024.

Of this total, PT Timah contributed about 21 percent to Indonesia's tin exports or about 3 percent of global tin exports which reached 278,048 metric tons.

Tin metal prices in the world market also show a significant upward trend. The average Cash Settlement Price LME until September 2025 reached 32,775.58 US dollars per tonne, up 8.8 percent compared to the previous year.

As of September 2025, the company recorded lead ore production of 12,197 tons of Sn, while lead metal production reached 10,855 tons.

Even so, on an annual basis there was a decrease due to weather factors, reserve conditions and illegal mining activities.

tin metal sales were also recorded at 9,469 metric tons, with a composition of seven percent of the domestic market and 93 percent of exports. The six main export destination countries include Japan (19 percent); Singapore (19 percent); South Korea (18); Netherlands (9 percent); Italy (4 percent); and the United States (4 percent).

Exports in Asia Pacific, Europe and the US also had a positive impact on improving sales performance and the company's average tin metal selling price reached USD 33,596 US dollars per ton, up 8 percent compared to the same period last year.

Throughout January to September 2025, the company posted revenues of IDR 6.6 trillion, with EBITDA of IDR 1.5 trillion. From this achievement, net profit reached IDR 602 billion or 78 percent of the 2025 profit target of IDR 774 billion.

In terms of balance sheet, the company's total assets rose 7 percent to Rp13.7 trillion, while liabilities increased 14 percent to Rp6.1 trillion. PT Timah's equity also increased 2 percent to Rp7.61 trillion, driven by positive profits recorded until the third quarter of this year.

Global electronic manufacturing activity which is the main motor demand for tin is expected to continue to strengthen. The International Tin Association (ITA) estimates that global tin metal consumption throughout 2025 will grow 0.6 percent to 380,160 metric tons, with a supply of 374,910 metric tons, indicating strict market conditions.

Based on Bloomberg data, world tin prices in 2025 are projected to be in the range of US$32,254 to US$34,000 per tonne. Meanwhile, medium-term trends will also be influenced by the growth of the electronics, semiconductor, chip, digitization and application of Artificial Intelligence (AI) industry.