PT Bukit Asam Tbk (PTBA) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached Rp9.96 trillion, up 5.8% year-over-year, driven by coal sales and related activities.

• Net profit for Q1 2025 was Rp396.8 billion, a 50.6% decrease compared to Q1 2024, mainly due to higher cost of revenue and lower other income.

• Gross profit margin declined to 10.5% from 15.1% year-over-year, reflecting increased production and royalty costs.

• The company maintained strong liquidity with cash and cash equivalents of Rp4.87 trillion as of March 31, 2025.

• The board confirmed the financial statements were prepared in accordance with Indonesian Financial Accounting Standards.

Financial highlights

• Revenue increased to Rp9.96 trillion in Q1 2025 from Rp9.41 trillion in Q1 2024.

• Net profit attributable to owners was Rp391.5 billion, down from Rp790.9 billion year-over-year.

• Basic and diluted EPS for Q1 2025 was Rp34, compared to Rp69 in Q1 2024.

• Total assets stood at Rp42.26 trillion as of March 31, 2025, up from Rp41.79 trillion at year-end 2024.

• Total equity increased to Rp23.07 trillion from Rp22.64 trillion at year-end 2024.

Outlook and guidance

• The company is adapting to new government regulations requiring 100% of export proceeds to be held in Indonesia for at least 12 months.

• Legal certainty for 10-year mining permit extensions supports sustainable production operations.

• Management expects continued compliance with domestic market obligations and evolving royalty frameworks.