PTBA's Profit Reached IDR 1.39 Trillion as of September 2025, Plunging 56.84%

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Erlina Fury Santika 04/11/2025 16:19 WIB

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PTBA's financial report shows the company recorded a net profit of IDR 1.39 trillion as of September 2025, a 56.84% decrease.

Revenue and Net Profit of PT Bukit Asam/PTBA (January-September 2025)

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PTBA's Profit Reached IDR 1.39 Trillion as of September 2025, Plunging 56.84%

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Revenue and Net Profit of PT Bukit Asam/PTBA (January-September 2025)

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Financial reports of PT Bukit Asam Tbk (PTBA) show that the profit for the period attributable to owners of the parent entity reached IDR 1.39 trillion in the January-September 2025 period.

This net profit plummeted by 56.84% from IDR 3.23 trillion in the same period last year (year-on-year/yoy).

According to Katadata, the primary reason for the profit drop was an 11% (yoy) increase in the cost of revenue to IDR 27.8 trillion. This increase is in line with PTBA's expanded production and coal transportation activities.

Although the stripping ratio slightly decreased to 5.98x from 6.02x last year, fuel costs increased due to the revocation of the FAME component subsidy in biodiesel and the mandatory use of B40, causing fuel prices to rise by 8%.

General and administrative expenses also increased by IDR 52.4 billion, or 4% (yoy), while selling expenses decreased by 1% or IDR 7.1 billion annually.

Throughout the third quarter of 2025, the company's revenue was recorded at IDR 31.33 trillion. This figure actually increased by 2.2% (yoy) from the previous period's IDR 30.65 trillion.

PTBA also recorded an 8% increase in sales volume to 33.70 million tons, while production rose by 9% to 35.89 million tons.

Despite the increased volume, weakening global coal prices pressured the company's profit margin. Arsal explained that the benchmark Newcastle Index coal price fell by 22% yoy, while the Indonesian Coal Index (ICI-3) dropped by 16% yoy, resulting in a 6% correction in PTBA's average selling price.

The sales composition as of the end of September 2025 consisted of 56% domestic market and 44% exports. He also stated that PTBA has five main export destination countries: Bangladesh, India, the Philippines, Vietnam, and South Korea.

As of September 2025, this state-owned enterprise recorded assets of IDR 42.83 trillion. This amount increased by 2.51% from the December 2024 position of IDR 41.78 trillion.

The asset components as of September 2025 consisted of liabilities amounting to IDR 22.06 trillion and equity of IDR 20.77 trillion.

(Read Katadata: PTBA's Profit Plummets 56% to IDR 1.4 T Despite Revenue Increase, What Are the Factors?)

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."