PT BUKIT ASAM TBKPERFORMANCE ANNOUNCEMENT AS OF MARCH 31, 2025
PT Bukit Asam Tbk (PTBA), a member of the MIND ID Mining BUMN Holding, managed to sustain strong performance in Q1 2025 despite facing various challenges.
During this period, the company reported a revenue of IDR 9.96 trillion, a net profit of IDR 391.48 billion, and an EBITDA of IDR 1.05 trillion. As of March 31, 2025, the company’s total assets reached IDR 42.26 trillion, reflecting a 10 percent year-on-year growth.
The net profit achievement was driven by the company’s strong operational performance in the first quarter of 2025. Export sales reached 5.09 million tons, marking a 34 percent annual increase. Meanwhile, domestic sales totaled 5.19 million tons. Overall, total sales in Q1 2025 amounted to 10.28 million tons, reflecting a 7 percent year-on-year growth.
The realization of coal transportation in January-March 2025 reached 9.41 million tons, marking a 12 percent increase compared to the same period last year.
This positive performance was achieved despite various challenges, including a decline in coal prices due to global market fluctuations. The average ICI-3 coal price index fell by 12 percent year-on-year, from USD 78.86 per ton in Q1 2024 to USD 69.37 per ton in Q1 2025. Meanwhile, the average Newcastle coal price index dropped by 17 percent annually, from USD 125.76 per ton in Q1 2024 to USD 104.56 per ton in Q1 2025.
Meanwhile, the average fuel price in Q1 2025 was IDR 15,127 per liter, reflecting a 10 percent annual increase from IDR 13,718 per liter in Q1 2024. Fuel consumption in Q1 2025 also increased along with the increase in production volume and transportation distance.
As a result, PTBA continues to strive to maximize domestic market potential and export opportunities to sustain strong performance. The company is also committed to implementing sustainable efficiency measures optimally.
Company Target 2025
The company is planning meticulously, closely monitoring the latest market developments and anticipating various dynamic factors. For 2025, PTBA targets coal production of 50.05 million tons, sales of 50.09 million tons, and transportation of 43.25 million tons.
Follow-up of PT Bukit Asam Tbk Development Project
Renewable Energy Development
The global energy transition is underway, with the Indonesian government setting a target of Net Zero Emissions by 2060. In line with this, PTBA has a vision of becoming a world-class energy company that cares about the environment. Therefore, the company is diversifying its business into the new and renewable energy (NRE) sector.
On October 24, 2024, PTBA launched a pilot plant for producing wood pellets from Kaliandra Merah in Tanjung Enim, South Sumatra. This wood pellet development—used as co-firing fuel at steam power plants —is a continuation of PTBA’s Kaliandra Merah cultivation program for biomass, which began in 2023. The current production capacity of the pilot plant is 200 kilograms per hour.
To date, the company has developed a solar power plant at Soekarno-Hatta Airport in collaboration with PT Angkasa Pura II (Persero). Fully operational since October 2020, the plant has a maximum capacity of 241 kilowatt-peak (kWp) and is installed on the Airport Operation Control Center (AOCC) Building.
In addition to Angkasa Pura II, PTBA is also collaborating with Jasa Marga Group to develop solar power plants along toll roads. A 400 kWp solar power plant on the Bali-Mandara Toll Road was completed and inaugurated on September 21, 2022. The company is also working with PT Semen Baturaja Tbk (SMBR) on the construction of a 23.07 kWp solar power plant, which reached the COD (Commercial Operation Date) stage in June 2023.
Coal Downstream
PTBA, in collaboration with the National Research and Innovation Agency (BRIN), has launched a pilot project to convert coal into artificial graphite and anode sheets, which serve as raw materials for lithium-ion (Li-ion) batteries. The soft launch of the project took place in the Tanjung Enim Industrial Area on July 15, 2024.
This pilot project to convert coal into artificial graphite and anode sheets represents a significant breakthrough in coal downstreaming. It reflects PTBA's commitment to supporting government policies that promote coal value-added initiatives, strengthen national energy security, and support the domestic electric vehicle industry.
Coal Transportation Project
PTBA has started construction of a new coal handling facility to increase coal transportation capacity along the Tanjung Enim–Keramasan railway line. This initiative was marked by a groundbreaking ceremony held in Tanjung Enim on December 30, 2023.
The construction of this facility is part of PTBA’s collaboration with PT Kereta Api Indonesia (Persero) or KAI to develop coal transportation along the Tanjung Enim–Keramasan route, with a targeted capacity of 20 million tons per year. Rail transport infrastructure is being prepared by PT KAI, while dock facilities in Keramasan are being developed by PT Kereta Api Logistik (Kalog).
Carbon Management
To support the government's goal of achieving Net Zero Emissions by 2060, PTBA has implemented a number of programs to support decarbonization.
From an operational standpoint, in addition to implementing Good Mining Practices, the company has implemented Eco Mechanized Mining—replacing fossil fuel-powered mining equipment with electric alternatives. Some of the electric-based equipment already in use by PTBA includes the PC-3000 Shovel Electric Excavator, a 100-ton hybrid dump truck (diesel and electric), and an electric mining pump. PTBA has also deployed electric buses at Tarahan Port and the Tanjung Enim Mining Unit. Furthermore, the company utilizes the E-Mining Reporting System, a real-time, online production reporting platform to minimize conventional, fuel-based monitoring.
Another innovation by PTBA is the development of artificial wetlands (constructed wetlands) to remove pollutants, such as heavy metals, and be able to neutralize acid mine water.
These decarbonization programs are part of PTBA’s carbon management roadmap through 2060, which will be continuously implemented and developed sustainably across all areas of the company to achieve optimal results.
