ADRO to Distribute Final Dividend of US$197.5 Million, What Will the Yield Reach?
PT Alamtri Resources Indonesia Tbk (ADRO), an integrated energy company, at its Annual General Meeting of Shareholders on Friday (17/4), decided to distribute a final dividend of US$197.5 million (approximately Rp3.39 trillion).
This decision was taken because the company chose to distribute almost all of its profits, precisely 99.96% of US$447.69 million, to shareholders, even though profit performance experienced a significant annual decline.
Quoting the AGM results, the total dividend distributed reaches US$447.5 million, of which US$250 million has been paid as an interim dividend on 15 January 2026, and the remainder of US$197.5 million will be distributed as a final dividend. Meanwhile, only around US$194,220 (0.04%) is retained as retained earnings.
Dividend and Yield Estimation
Assuming a closing price of Rp2,510 (16 April 2026):
[Source: ADRO, processed by Bareksa]
This two-digit yield is considered high for a large-cap stock and becomes the main attraction for income investors.
2025 Financial Performance
Despite the jumbo dividend, ADRO’s performance has weakened:
Net profit: down 67.55% year-on-year to US$447.69 million (approximately Rp7.59 trillion)
Revenue: down 9.86% year-on-year to US$1.87 billion (approximately Rp31.79 trillion)
Revenue details:
Mining services: US$1 billion
Coal trading: US$968.8 million
Others: US$60.52 million
Meanwhile:
Cost of goods sold down 2.67% to US$1.23 billion
Total assets up 1.71% to US$6.81 billion (approximately Rp115.62 trillion)
ADRO Dividend History
[Source: ADRO, processed]
What Does It Mean for Investors?
The nearly 100% payout policy amid declining profits indicates:
Focus on returns to shareholders
Efforts to maintain yield attractiveness
Supported by a buyback action of up to Rp5 trillion
However, investors need to note that:
Sharp profit decline → future dividends could change
Heavily influenced by coal prices and the energy cycle
Conclusion
ADRO continues to distribute a jumbo dividend despite declining profits, with a 99.96% payout and total yield of approximately 10.44%. This is attractive for income investors, but dividend sustainability will heavily depend on performance recovery and commodity prices.