Inalum's Net Profit Rises 15% in 2025, Reaching Rp2.44 Trillion

PT Indonesia Asahan Aluminium (Inalum) recorded a 15% increase in net profit throughout 2025, reaching US142.8million, equivalenttoRp2.44trillion(assuminganexchangerateofRp17, 127perUS). The main drivers were an increase in production volume and sustained operational efficiency amid volatility in global market conditions. Inalum’s President Director, Melati Sarnita, explained that this growth resulted from the company’s focus on strengthening business fundamentals and optimising operational processes. According to her, the operational stability achieved last year forms the basis for the company to undertake large-scale production capacity expansion starting this year. “From a financial perspective, revenue has grown consistently, EBITDA has increased significantly, and net profit for 2025 rose 15% year-on-year,” she stated during the Hearing with Commission XII of the House of Representatives (DPR RI) in Jakarta, quoted on Wednesday (15/4/2026). In addition to net profit, Inalum recorded consistent revenue growth and a significant increase in EBITDA. The company’s financial ratios also show a positive trend, with return on assets (ROA) rising to 6% and return on equity (ROE) reaching 7%. “Alhamdulillah, 2025 was a year of consolidation and acceleration for Inalum. In 2025, we focused on increasing production, operational efficiency, and strengthening business fundamentals, including the addition of new projects,” she added. Entering 2026, the company is shifting its focus from the planning stage to the execution phase of downstream projects that have been included in the list of National Strategic Projects (PSN). One of the main projects is Phase 1 of the Smelter Grade Alumina Refinery (SGAR), with construction progress (EPC) reaching 98.56%. “For our own business development in 2026, entering 2026, our focus is on accelerating downstream projects, strengthening production capacity, and integrating the supply chain. This year is the year of execution, not planning anymore,” she said. Inalum is also preparing the development of the 2 Mempawah Smelter with an investment value of US$2.4 billion to increase production capacity to 600,000 tonnes of aluminium per year. To support this project, the company is finalising a long-term energy supply cooperation (power solution) with PT Bukit Asam Tbk (PTBA). “The synergy between Inalum, PLN, and related parties, in this case PTBA, can be realised because one of the successes of the Mempawah smelter project is the captive power plant for the aluminium smelter. Without this support, downstream development would progress more slowly than the national targets,” Melati concluded.