JAKARTA – PT Bukit Asam Tbk (PTBA) reported a 50.5% decrease in net profit to IDR 391.48 billion in the first quarter of 2025, compared to IDR 790.94 billion in the same period last year.

Despite the drop in net profit, PTBA’s revenue in Q1 2025 reached IDR 9.96 trillion, an increase of 5.8% compared to IDR 9.41 trillion in Q1 2024.

According to PTBA’s Corporate Secretary, Niko Chandra, the decline in net profit was due to the correction in global coal prices.

Niko added that the ICI-3 coal index fell by 12%, and Newcastle prices dropped by 17% year-on-year. Meanwhile, the average fuel price increased by 10%, along with a rise in consumption.

On the operational side, PTBA reported an improvement in performance. Export sales rose by 34% year-on-year to 5.09 million tons, and domestic sales reached 5.19 million tons, bringing total sales to 10.28 million tons, a 7% increase year-on-year. Coal transportation also rose by 12% to 9.41 million tons.

In 2025, PTBA targets production of 50.05 million tons, sales of 50.09 million tons, and coal transportation of 43.25 million tons.

From a balance sheet perspective, the company’s total assets grew by 10% in Q1, reaching IDR 42.26 trillion. (DH/ZH)