Ifishdeco Posts Rp1 Trillion Revenue Amid Nickel Price Volatility
PT Ifishdeco Tbk (IFSH) recorded a positive performance for the 2025 financial year. The nickel mining issuer posted revenue of around Rp1.0 trillion, up 2.90% year-on-year from the same period a year earlier.
The rise in revenue also supported growth in the group’s net profit. Net profit for the year amounted to Rp106.5 billion, up 6.39% year-on-year.
The board of directors presented the achievement at a Public Expose in Jakarta, on Monday 18 May. According to the directors, performance growth was supported by operational efficiency and cost controls that were effectively implemented throughout 2025.
IFSH President Director Iwan Luison explained that earnings per share (EPS) stood at Rp37.51 per share. On the balance sheet, total assets rose 5.2% to Rp1.06 trillion. Meanwhile, total liabilities fell by 13.1% to Rp147.6 billion and total equity increased by 9.0% to Rp913.1 billion.
The company regards its financial structure as solid, with equity accounting for 86.1% of total assets. “This condition provides a wider room for the company to pursue expansion,” he said.
In the operational sector, IFSH manages two main commodities, namely nickel and silica (quartz sand). Nickel sales volume in 2025 reached 1.29 million metric tonnes (MT), or 59% of RKAB 2025. For the silica commodity, sales volume reached 978 thousand MT, or about 65% of RKAB 2025.
The company’s operational performance was also affected by global nickel price dynamics. Throughout 2025, the average Harga Mineral Acuan (HMA) stood at US$15,177.12 per tonne, with the highest price reaching US$16,126.33 per tonne in April 2025.
In terms of sustainability, IFSH has placed an reclamation bond of Rp52 billion for the 2011–2025 period. By March 2026, the area of tree-planting had reached 177 hectares.
Entering 2026, the company has set three primary growth focuses. First, optimising the utilisation of the Mining Business Licence (IUP) through the implementation of Good Mining Practice (GMP). Second, developing new businesses through coconut planting.
The domestic nickel market is considered still prospective. Indonesia’s nickel demand in 2025 is projected to reach 220 million MT in line with the growth of downstream industries domestically. (E-4) Investment projections of up to US$47.36 billion and employment absorption of 180,600 workers are targeted to be achieved by 2030.
Global nickel demand continues to rise in line with accelerating energy transition and the development of the global electric vehicle industry.
This subsidiary of MIND ID relies on two advanced wastewater treatment technologies at its Sorowako operations in Luwu Timur Regency.
According to USGS 2026, Indonesia currently holds around 44% of the world’s nickel reserves and is a major player in the global supply chain for electric vehicle batteries.
GEM Group promotes nickel down-streaming in Indonesia through HPAL technology, strengthening Indonesia’s position in the global supply chain for electric vehicle batteries and driving national innovation.