JAKARTA – PT Bayan Resources Tbk (BYAN) recorded a net profit of USD 217.91 million in the first quarter (Q1) of 2025, up 3.45% from USD 210.64 million in the same period last year.

Despite the growth in net profit, BYAN’s earnings per share remained flat at USD 0.01.

BYAN’s revenue in Q1 2025 rose 15.73% to USD 890.14 million. Meanwhile, cost of revenue increased by 25.8% to USD 574.9 million.

As cost of revenue rose significantly, BYAN tightened several operational cost components, including selling expenses, general and administrative expenses, as well as finance costs.

On the other hand, BYAN also reported higher financial income.

On the balance sheet side, BYAN’s total assets declined 7.95% to USD 3.24 billion in Q1 2025. However, total liabilities fell 40.81% to USD 710.24 million, boosting total equity of the Low Tuck Kwong-owned company by 9.52% to USD 2.53 billion. (DH/KR/ZH)