JAKARTA – PT Golden Energy Mines Tbk (GEMS), a coal mining company under the Sinar Mas Group, has announced the distribution of a final dividend for the 2024 financial year totalling USD 110 million, equivalent to IDR 1.81 trillion.

GEMS management explained that the total dividend for the 2024 financial year has been set at USD 500 million, of which USD 390 million was already paid out as interim dividends in three stages.

“The remaining USD 110 million will be paid as the final dividend, amounting to USD 0.0187 per share or IDR 309.15 per share using Bank Indonesia’s middle exchange rate on 14 May 2025,” GEMS said in an official statement on Thursday (15/5).

The final dividend declared by GEMS exceeds the company’s net profit for 2024, which stood at USD 473.8 million.

GEMS management clarified that the final dividend will be taken from the 2024 net profit after a mandatory reserve of USD 472.8 million. The remaining USD 27.19 million will come from retained earnings not yet allocated.

In addition to the dividend decision, GEMS’ Annual General Meeting of Shareholders (AGM) on Thursday (15/5) also approved the resignation of Haris Mustarto from his position as the company’s deputy director.

As his replacement, the AGM appointed Iwan Hermawan as Vice President Director of GEMS for the remainder of the current term. (DH/KR/ZH)