BUMA International (DOID) EBITDA Rises 98% Driven by Operational Efficiency

PT BUMA Internasional Grup Tbk (DOID) recorded a 98% year-on-year increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in the first quarter of 2026 despite a decline in revenue compared to the same period last year.

The company reported EBITDA of $28 million for the first three months of 2026, up from $14 million in Q1 2025. Revenue fell 10% year-on-year to $318 million.

The Q1 2026 performance reflects continued operational recovery built throughout 2025. The company attributed the EBITDA rise to improved productivity, cost efficiency, and stronger operational discipline.

Director Iwan Fuad Salim stated the company maintained performance improvements despite early-year weather challenges. He noted that operational discipline and EBITDA gains remained intact through February’s peak rainy season, providing a stronger foundation for the rest of the year.

In Indonesian operations, non-productive hours dropped 14% year-on-year. Productivity measured in bank cubic metres (BCM) per hour rose 1%, while cycle time decreased by 1% due to better haul roads and reduced waiting times.

Operating costs saw unit cost per BCM fall 1% year-on-year. Labour costs per BCM declined 4% due to consistent shift management and efficient operator deployment. The operator-to-equipment ratio decreased by 3%.