Amman Minerals (AMMN) Profits Drop in 2025, Lowest in Four Years

PT Amman Mineral Internasional Tbk (AMMN) achieved a profit attributable to the owners of the parent entity of US$248.98 million in 2025.

This profit decreased by 60.91% compared to 2024 (year-on-year/yoy), and was the lowest in the last four years.

The decline in profit coincided with a decrease in AMMN's net sales in 2025, which fell by 30.68% (yoy) to US$1.85 billion.

AMMN's sales in 2025 came from domestic sales of copper cathodes and pure gold worth US$190.63 million.

Then there were exports of copper and gold concentrates worth US$587.21 million, as well as exports of copper cathodes and pure gold worth US$1.07 billion.

AMMN's cost of sales in 2025 reached US$1.01 billion, a decrease of 23.34% (yoy).

As of December 31, 2025, AMMN's total assets reached US$13.87 billion, an increase of 24.72% (yoy). Its assets consisted of equity of US$5.43 billion, and liabilities that increased by 43.70% (yoy) to US$8.44 billion.

According to AMMN's CEO, Arief Sidarto, the increase in their liabilities was influenced by an increase in bank loans by its subsidiaries, namely PT Amman Mineral Nusa Tenggara worth US$2 billion, PT Amman Mineral Industri worth US$175 million, and PT Amman Nusantara Gas worth US$29 million.

These loans were used for capital expenditure, which was reflected in a 25% increase in fixed assets.

"The capital expenditure carried out by this company is a continuation of the smelter project construction, which is one of the national strategic projects," said Arief in his letter to the Board of Directors of the Indonesia Stock Exchange (March 17, 2026).

AMMN's capital expenditure was also used to increase the capacity of processing facilities, the construction of gas power plants, and the construction of LNG receiving and storage terminal units and LNG regasification units.