Freeport's Contribution to the State Reaches Rp 187 Trillion. Here's the Proof
Jakarta, CNBC Indonesia - PT Freeport Indonesia (PTFI) continues to provide tangible contributions to the state. This is evidenced by the company not only mining for its own value but also consistently fulfilling its role as one of the pillars supporting state revenues.
Based on financial reports for the period 2021-2025, PTFI’s total contribution through dividends and Non-Tax State Revenues (PNBP) reached US$11.04 billion, or approximately Rp 187 trillion (exchange rate of Rp 17,000 per US dollar). The contribution was dominated by dividends of US$8.96 billion, while PNBP amounted to US$2.08 billion.
Historically, the contributions from this copper and gold mining company, which operates under Indonesia’s Mining Industry Holding MIND ID, have remained at high levels following the global commodity price cycle. In 2021, PTFI distributed dividends of US$234 million with PNBP around US$1.5 billion.
Performance surged in 2022 with dividends reaching US$3.075 billion, while PNBP stood at US$145 million. Contributions then adjusted in 2023 with dividends of US$708 million and PNBP of US$140 million.
In 2024, performance strengthened again with dividends of US$2.95 billion and PNBP of US$183.8 million. Meanwhile, in 2025, dividends were recorded at around US$2.0 billion with PNBP of US$112.4 million.
INDEF economist Rizal Taufikurahman views PTFI’s contributions as reflecting the strategic role of the state-managed mining sector in supporting Indonesia’s revenues, especially when commodity prices are high.
“PTFI’s contributions are substantial and have become one of the key pillars of state revenues in recent years, particularly during commodity price booms. This demonstrates the company’s capacity to generate significant economic value,” Rizal stated in his comments, quoted on Monday (13/4/2026).
Nevertheless, he sees opportunities for strengthening ahead from a fiscal policy perspective to make these benefits more stable and sustainable. Optimisation is not only about the size of contributions but also how the revenue structure can be further reinforced through the government’s intensified mining downstreaming policies via MIND ID.
“Looking ahead, the government can promote more adaptive schemes such as windfall-based mechanisms when prices are high, strengthen downstreaming to create added value domestically, and enhance transparency in revenue management. In this way, major contributions from businesses like PTFI can have an even greater impact on national economic transformation,” he emphasised.