UT FY 2025 net income IDR14.8 trillion -24%

Reuters
Feb 26
UT FY 2025 net income IDR14.8 trillion -24%

UT reported FY 2025 net revenue of IDR 131.3 trillion, down 2%, and net income of IDR 14.8 trillion, down 24%, citing lower contributions from mining contracting due to heavy rainfall and thermal and metallurgical coal mining due to lower coal prices, partly offset by stronger gold prices. By segment in FY 2025, net revenue was IDR 54.1 trillion from Mining Contracting (down 7%), IDR 36.6 trillion from Construction Machinery (down 2%), IDR 24.2 trillion from Thermal and Metallurgical Coal Mining (down 7%), and IDR 14.0 trillion from Gold and Other Mineral Mining (up 41%). Construction Machinery posted Komatsu sales volume of 4,515 units (up 2%) with a 20% market share; Scania sales rose to 466 units and UD Trucks sales fell to 155 units, while spare parts and maintenance services revenue was IDR 11.3 trillion (down 3%). In Mining Contracting, PAMA Group overburden removal was 1,100 million bcm (down 10%) and coal production for clients was 148 million tons with a 7.4x stripping ratio. Turangga Resources reported own coal sales volume of 11.6 million tons (including 3.7 million tons of metallurgical coal), up 14%, and total coal sales volume including third-party coal of 14.3 million tons, up 9%. In gold, total gold sales equivalent was 227 thousand ounces (down 2%), including 213 thousand ounces from PTAR (down 7%) and 14 thousand ounces from SJR; SPR reported nickel ore sales of 2.1 million wmt. UT also said it completed a IDR 2.0 trillion share buyback on 14 January 2026, repurchasing 68.5 million shares, and announced a second tranche of up to IDR 2.0 trillion running from 22 January to 15 April 2026. The company added it completed the acquisition of 100% of PT Arafura Surya Alam, a gold mining company in North Sulawesi, on 11 February 2026.

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