IFSH Nickel Miner Shares Suspended by BEI, Yet Reports 2025 Performance

Jakarta — In the midst of a trading suspension by the Indonesia Stock Exchange (BEI), PT Ifishdeco Tbk (IFSH) disclosed its latest financial performance, reporting net profit growth for the full-year 2025. The company’s shares are currently suspended; the last traded price was Rp 3,250 per share, unchanged at the last session before the suspension was imposed. The suspension prevents trading until market activity resumes, a policy BEI uses to maintain orderly markets, particularly when price moves are unusual or when clarifications from the issuer are needed. According to the report, IFSH posted consolidated net sales of Rp 1.00 trillion in 2025, up 2.90% from Rp 972.71 billion in the previous year, driven mainly by higher production and silica sales from its subsidiary PT Hangtian Nur Cahaya. Amid commodity price fluctuations, production cost variations, and regulatory dynamics in the mining industry, the company recorded gross profit of Rp 291.25 billion, down 3.46% from the prior year. Operational performance remained solid, with operating profit of Rp 149.31 billion, down 1.53% versus 2024. Pre-tax profit rose 7.54% to Rp 154.27 billion. Net profit for the year reached Rp 106.52 billion, up 6.40% from Rp 100.11 billion, while total comprehensive income for the year stood at Rp 107.11 billion, up 6.85% year on year. Liabilities declined to Rp 147.62 billion, down 13.12% from Rp 169.93 billion, reflecting a more conservative debt management strategy through deleveraging. Equity rose to Rp 913.16 billion, up 8.96% from Rp 838.04 billion in 2024, and retained earnings increased by 6.85% to Rp 733.55 billion, signaling growing profitability. Cash flow from operating activities amounted to Rp 79.99 billion, and despite a year-on-year decline, the company maintained healthy liquidity with cash and cash equivalents of Rp 109.29 billion at year-end. IFSH management said the 2025 performance demonstrates the company’s resilience amid the evolving nickel industry. Looking ahead to 2026, the group remains optimistic about the global nickel outlook as demand from energy storage and electric vehicles increases. Additionally, rising geopolitical risks affecting the energy sector are seen as accelerating the transition to clean energy and energy independence in various countries. The company continues to monitor Indonesia’s Mineral Price Reference (HPM), which has recently shown a positive trend and could bolster sentiment in the national nickel sector.