MIND ID Optimises State Contribution Through National Downstreaming

Mining Industry Holding Indonesia (MIND ID) is optimising its contribution to the state by executing its strategic function as the driver of national downstreaming, aiming to create multiplied added value for the Indonesian economy. “The company continues to maintain positive business performance so that it can provide sustainable contributions and benefits for Indonesia,” said MIND ID Corporate Secretary Pria Utama in Jakarta on Saturday. He stated that the company consistently carries out its role in synergising the mineral and coal downstreaming supply chain 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, as well as various programmes to strengthen the downstreaming supply chain for strategic minerals such as nickel, copper, and tin, leading to the formation of a national electric vehicle battery ecosystem. MIND ID recorded company revenue of Rp159.46 trillion, growing 10 percent compared to the previous year’s Rp145.21 trillion. Additionally, net profit reached Rp29.89 trillion, or 16 percent above the company’s target. This achievement was accompanied by contributions distributed to shareholders and stakeholders, including taxes and non-tax state revenue, royalties, and dividends amounting to Rp22.6 trillion. “This achievement is tangible proof of MIND ID management’s commitment to ensuring the management of a state-owned company that can provide optimal contributions for Indonesia,” he said. Furthermore, MIND ID held its Annual General Meeting of Shareholders for the 2025 financial year on Thursday (11/6), noting that the 2025 performance reflects the company’s ability to maintain business resilience through adaptive and integrated strategies across all members of the MIND ID Group. “This was achieved amidst global and national economic challenges, which also affected the mining industry sector in Indonesia,” he said. The company remains consistent in carrying out its mandate as a downstreaming driver to enhance the creation of economic added value, which also strengthens the future operational sustainability of the MIND ID Group’s business. He emphasised that the contribution to state revenue reflects the company’s commitment to carrying out its strategic role as a state-owned enterprise that continues to strengthen national economic performance based on the President’s Asta Cita vision. “MIND ID consistently carries out its mandate as a driver of strategic mineral downstreaming, providing optimal benefits for Indonesia, while realising the vision of MIND ID for Indonesia and the World,” said Pria. He stated that the company executes its mandate by upholding good corporate governance, and MIND ID’s financial report received an ‘Unqualified Opinion’ from independent auditor Purwanto Susanti and Surja Public Accounting Firm (a member of Ernst & Young Global Limited). This opinion reflects management’s commitment to transparency, accountability, and sound corporate governance. “We will continue to sustain healthy performance growth and provide added value for shareholders and all stakeholders, because behind every tonne of mineral we manage, there is an obligation to deliver tangible benefits for all Indonesian people,” he said.