Overcoming Challenges, BUMA International Group Successfully Records Performance Recovery Trend in 2025

Jakarta, VIVA – PT BUMA International Group Tbk (DOID) has reported its audited consolidated financial and operational results for the fiscal year ending 31 December 2025 (FY2025).

Director of BUMA International Group, Iwan Fuad Salim, stated that FY2025 performance was significantly affected by unprecedented operational disruptions and adverse weather, as well as ramp-down and contract completions in Indonesia and Australia.

The results were also influenced by non-operational costs (non-underlying charges), including provisions for trade receivables and asset impairments in operations in Australia and the United States. This was partially offset by a fair value gain of US$41 million on the Group’s investment in 29Metals.

“FY2025 was a challenging year for the Group. The disruptions we faced in the first quarter had a significant impact on production and revenue, while also highlighting areas where our approach can be strengthened,” said Iwan in his statement on Friday, 27 March 2026.

Nevertheless, he assured that the company responded swiftly by tightening operational discipline, strengthening cost controls and maintenance fundamentals, and taking firm steps to maintain liquidity and bolster the financial balance sheet.

“These measures drove improvements in productivity, costs, and cash flow throughout the year, providing a stronger foundation as we enter 2026,” he added.

Although these factors burdened the full-year performance, the Group recorded a consistent operational recovery throughout the year, supported by structural improvements in productivity and lower unit costs.

Iwan assured that the Group also generated positive free cash flow, with the fourth quarter of 2025 recording the highest quarterly free cash flow of the year. Additionally, the Group strengthened its liquidity position thanks to ongoing support from banking partners and bondholders throughout 2025, and entered 2026 with a more balanced debt maturity profile.

Iwan added that overburden removal volume fell 19 per cent year-on-year (yoy) to 439 million bank cubic metres (MBCM), while coal production declined 6 per cent to 84 million tonnes (MT). This reflects disruptions in the first quarter, weather constraints, and lower contributions from sites undergoing ramp-down and those that have completed operations.