BUMA International's Revenue Drops Double Digits Due to Poor Weather Disrupting Operations
Jakarta, VIVA – The mining issuer PT BUMA Internasional Grup Tbk (DOID) reported audited financial and operational performance under pressure throughout the 2025 fiscal year. The group’s revenue fell double digits due to operational disruptions, poor weather, and the completion of contracts in several operational areas of the company.
Based on the financial report up to 31 December 2025, BUMA’s revenue was recorded at US$1.48 billion or approximately Rp25.17 trillion (estimated exchange rate of Rp17,010 per US dollar). This figure reflects a 16% year-on-year (yoy) decline.
From a profitability perspective, BUMA’s EBITDA fell to US$175 million with a 14% margin. This decline was influenced by weakening production volumes, rising fuel costs, and severance expenses. Excluding severance factors, EBITDA was recorded at US$207 million with a 17% margin.
“The disruptions we faced in the first quarter had a significant impact on production and revenue, while also highlighting areas where our approach can be strengthened,” said BUMA Director Iwan Fuad Salim, quoted from the information disclosure on Monday, 30 March 2026.
He added that the company responded quickly by tightening operational discipline, enhancing cost controls, and strengthening maintenance fundamentals and liquidity. These measures are deemed capable of driving improvements in productivity, costs, and cash flow throughout the year, as well as providing a stronger foundation entering 2026.
The company booked a net loss of US$128 million or approximately Rp2.17 trillion. This loss was triggered by the EBITDA decline, provisions for trade receivables from ended contracts in Australia, and asset impairment in operations in Australia and the United States (US).
Nevertheless, this pressure was partly offset by a fair value gain of US$41 million from BUMA’s investment in 29Metals and a forex gain of US$36 million. This reversed from a US$19 million loss in 2024 to a US$17 million gain in 2025.
The reversal of provisions for receivables in Australia following a Queensland Supreme Court ruling in favour of BUMA Australia also helped contain the losses from worsening. The company stated that the expected financial settlement is anticipated to be realised in 2026.
The group recorded positive free cash flow of US$8 million, compared to negative US$60 million for the full year 2024. In Q4-2025 alone, the group achieved free cash flow of US$57 million, marking the highest quarterly free cash flow for the year.