JAKARTA – PT PAM Mineral Tbk (NICL) is targeting a 100% increase in net profit for 2025, reaching IDR 650 billion, compared to IDR 318.08 billion last year.

According to the minutes of NICL’s public expose on Tuesday (20/5), management stated that this growth aligns with its nickel production target for the year, which is expected to reach 3.3 million WMT.

Management noted that the current production and sales target under the company’s Work Plan and Budget (RKAB) is actually 2.6 million WMT.

However, NICL is currently revising its Techno Feasibility Study, environmental impact analysis (AMDAL), and RKAB for its subsidiaries, in order to raise output to between 2.5 million and 3 million WMT.

For the 2024 financial year, NICL’s revenue rose 26.38% to IDR 1.44 trillion from IDR 1.14 trillion the previous year. Meanwhile, operating profit surged 816.88% to IDR 414.10 billion from IDR 45.16 billion. (LK/KR/ZH)