BUMA International Group's Net Loss Shrinks by 66%

PT BUMA International Group Tbk (DOID), a coal mining contractor, reported a net loss of $24 million in Q1 2026, a 66% year-on-year reduction from the $70 million loss in Q1 2025. Director Iwan Fuad Salim said the company’s performance reflects ongoing recovery from 2025 despite seasonal challenges, with EBITDA nearly doubling year-on-year to $28 million despite lower revenue, supported by stronger cost discipline and improved productivity. EBITDA margin rose to 11% from 5%, while revenue fell 10% to $318 million. The average selling price for coal contracting rose 3% year-on-year due to higher rise-and-fall contracts and tiered tariffs linked to coal prices. Overburden removal volume dropped 12% to 89 million bank cubic meters, and coal production fell 20% to 15 million tonnes, attributed to contract terminations at Binungan in Indonesia and Burton in Australia, plus ramp-down at two Indonesian sites in 2025.