One Year After IPO, Sinar Terang Mandiri (MINE) Distributes IDR 60.23 Billion Dividend
JAKARTA — PT Sinar Terang Mandiri Tbk (MINE), a mining support services issuer, has decided to distribute a cash dividend of IDR 60.23 billion, or IDR 14.75 per share, from the 2025 fiscal year profit.
This decision was taken at the Annual General Meeting of Shareholders (AGMS) held in Jakarta on Wednesday (22/4/2026), equivalent to 30% of the company’s net profit.
MINE’s President Director, Ivo Wangarry, stated that the dividend distribution is part of the company’s commitment to maintaining a balance between business growth and returns to shareholders.
“We express our appreciation for the trust and support from shareholders that enables the company to continue creating added value,” Ivo said in a public disclosure following the AGMS in Jakarta, quoted on Thursday (23/4/2026).
“This dividend distribution reflects the company’s performance and efforts in maintaining a balance between creating value for shareholders and strengthening business fundamentals, including in the early period post-IPO,” he added.
Ivo further noted that future dividend policies will continue to consider financial conditions, expansion plans, and industry dynamics to align with long-term growth strategies.
This growth is driven by contributions from two new revenue sources, namely the road construction project from PT Erabaru Timur Lestari and the mining project owned by PT Sulawesi Cahaya Mineral (SCM).
Additionally, mining production volume increased by 28.3% to 21.9 million bcm throughout 2025, reflecting operational expansion and contributions from new projects.
For 2026, the company stated it will continue to actively seek new contracts, maintain relationships with business partners, and develop business lines to strengthen competitiveness.
“The company remains committed to strengthening performance and driving sustainable business growth,” said Ivo.
“For us, maintaining a balance between business growth and returning added value to shareholders is key,” he added.
As of 31 December 2025, all funds have been realised 100% in accordance with the prospectus, namely for the procurement of heavy equipment, purchase of assets in the form of land and buildings, and the company’s working capital.
Throughout 2025, MINE also procured heavy equipment worth IDR 267 billion to support operations of new contracts.
Looking ahead, the company views the mining support services industry as still having positive prospects, in line with Indonesia’s position as a key player in the global mining industry, with commodities such as nickel, coal, gold, and other minerals.
“With Indonesia’s diverse mineral resource potential, we see ample room for business development across various commodities,” said Ivo.
“In the future, the company will continue to expand the scope of services and explore diversification opportunities into other minerals in a disciplined and measured manner,” he concluded.