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Antam's Profit Soars 1000%, Reaching Rp2.32 Trillion in Q1 2025

Erlina Fury Santika 05/05/2025 15:03 WIB

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Antam's financial report shows that the company achieved a net profit of Rp2.32 trillion in the first quarter of 2025, a tenfold increase compared to the same period last year.

PT Aneka Tambang/ANTAM Tbk Net Sales and Profit Q1 (2024-2025)

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Antam's Profit Soars 1000%, Reaching Rp2.32 Trillion in Q1 2025

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PT Aneka Tambang/ANTAM Tbk Net Sales and Profit Q1 (2024-2025)

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PT Aneka Tambang (Antam) Tbk's financial report shows that the company earned a net profit of Rp2.32 trillion in the first quarter of 2025.

This net profit surged 1,003% year-on-year (yoy) from Rp210.58 billion in the first quarter of 2024.

The increase in net profit was driven by high sales. Sales reached Rp26.15 trillion, a 203.35% yoy increase from Rp8.62 trillion.

However, cost of goods sold also jumped from Rp8.37 trillion to Rp22.51 trillion, resulting in gross profit rising from Rp250 billion to Rp3.64 trillion.

Antam's largest sales contribution came from gold, reaching Rp21.6 trillion in Q1 2025. This figure skyrocketed 181.67% yoy from Rp7.67 trillion in the first quarter of the previous year.

Gold sales volume also increased significantly by 93% year-on-year to 13,739 kg, supported by a 39% increase in production to 230 kg.

According to Katadata, the surge in gold sales for the ANTM-coded issuer was driven by increased global demand fueled by geopolitical and geoeconomic uncertainty. Gold is seen as a safe haven asset.

The company explained that the launch of the "ANTAM Logam Mulia" application in March 2025 also boosted sales. This application facilitates digital gold transactions through a mobile-based BRANKAS feature, complete with security systems and insurance protection.

Besides gold, nickel ore sales also soared. Initially at Rp534.13 billion in Q1 2024, they increased by 423.4% yoy to Rp2.79 trillion in Q1 2025.

Other sales included ferronickel at Rp970.68 billion; alumina at Rp439.68 billion; bauxite ore at Rp269.06 billion; and peral at Rp20.49 billion in Q1 2025.

There were also sales of precious metal refining services and other services totaling Rp50.63 billion in the first quarter of this year.

Currently, the assets of this state-owned enterprise are recorded at Rp48.3 trillion as of March 2025, up 8.49% from Rp44.52 trillion in December 2024.

Liabilities were recorded at Rp13.67 trillion and equity at Rp34.62 trillion as of March 2025.

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."