MIND ID Optimises State Contribution as Downstreaming Driver
The Indonesian mining industry holding company, MIND ID, is consistently performing its strategic function as a driver of national downstreaming to create multiplied added value for the Indonesian economy. The company continues to maintain positive business performance, enabling it to provide sustainable contributions and benefits to Indonesia.
MIND ID Corporate Secretary, Pria Utama, stated that the company consistently acts as an integrator, synergising the downstream supply chains of minerals and coal in Indonesia. This is reflected in the synergy between ANTAM and Freeport Indonesia in the national gold downstreaming supply chain, the synergy between INALUM, ANTAM, and PT Bukit Asam in the bauxite-alumina-aluminium downstreaming supply chain, and various programmes to strengthen the supply chains of strategic minerals such as nickel, copper, and tin, as well as the formation of the national electric vehicle battery ecosystem.
Through this consistency, MIND ID recorded company revenue of Rp 159.46 trillion, a 10 per cent growth compared to the previous year’s Rp 145.21 trillion, and a net profit of Rp 29.89 trillion, which is 16 per cent above the company’s target. This achievement is accompanied by contributions distributed to shareholders and stakeholders, including taxes, non-tax state revenue (PNBP), royalties, and dividends, reaching a total of Rp 22.6 trillion.
“This achievement is proof of the MIND ID management’s commitment to ensuring the management of a state-owned enterprise capable of providing an optimal contribution to Indonesia,” he said, following the Annual General Meeting of Shareholders (AGMS) for the 2025 fiscal year on Thursday, 11 June 2026.
Pria explained that the 2025 fiscal year performance reflects the company’s ability to maintain business resilience through adaptive and integrated strategies across all MIND ID Group members. This was achieved amidst global and national economic challenges that have also affected the mining industry sector in Indonesia.
The company remains consistent in executing its mandate as a driver of downstreaming to increase economic added value, which also strengthens the future operational sustainability of the MIND ID Group.
Furthermore, Pria emphasised that the contribution to state revenue reflects the company’s commitment to its strategic role as a state-owned enterprise that continues to strengthen the national economy based on the President’s Asta Cita. “MIND ID consistently carries out its mandate as a driver of strategic mineral downstreaming to provide optimal benefits for Indonesia, while realising the vision of ‘MIND ID for Indonesia and the World’,” said Pria.
Additionally, Pria stated that the company carries out its mandate by upholding good corporate governance (GCG). MIND ID’s financial statements received a “Fair in All Material Respects” opinion from the independent auditor, Kantor Akuntan Publik Purwanto Susanti and Surja (Member of Ernst & Young Global Limited). This opinion reflects management’s commitment to transparency, accountability, and sound corporate governance.
“MIND ID will continue to pursue healthy performance growth and provide added value to shareholders and all stakeholders, because behind every ton of mineral we manage, there is an obligation to provide real benefits to all the people of Indonesia,” concluded Pria.