PT Bukit Asam Tbk (PTBA) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2024 reached Rp30.66 trillion, up 10.5% year-over-year, with net profit at Rp3.26 trillion, down 16.6% from the same period last year.

• Coal sales remain the primary revenue driver, with PLN Group and MIND ID Trading Pte. Ltd. as major customers, accounting for 47% of consolidated revenue.

• The company declared cash dividends of Rp4.58 trillion in May 2024, following a record Rp12.57 trillion in June 2023.

Financial highlights

• Gross profit for the nine months ended 30 September 2024 was Rp5.61 trillion, down 5.3% year-over-year.

• Operating profit reached Rp3.92 trillion, a 8.9% decrease year-over-year.

• Earnings per share (EPS) for the period was Rp281, compared to Rp329 in the prior year.

• Total assets increased to Rp40.15 trillion as of 30 September 2024, up from Rp38.77 trillion at year-end 2023.

• Cash and cash equivalents rose to Rp4.54 trillion, up from Rp4.14 trillion at year-end 2023.

Segment performance

• Coal segment contributed Rp30.25 trillion in revenue and Rp3.57 trillion in operating profit for the nine months ended 30 September 2024.

• Other business segments (mining services, briquettes, palm oil, health services) contributed Rp405 billion in revenue.

• All non-current assets, except financial instruments, are located in Indonesia.