Positive Start to 2026, Samindo (MYOH) Performance Supported by Mining Activities
JAKARTA – PT Samindo Resources Tbk (MYOH), a coal mining services issuer, recorded stable operational performance in the first quarter of 2026, with growth in overburden removal volume serving as the main support for its business activities.
Throughout the first three months of the year, the improvement in operational performance was driven by the optimisation of heavy equipment fleets and supportive weather conditions that facilitated smooth mining operations, from overburden stripping, coal production, to transportation.
“Operational and financial performance in the first quarter of 2026 reflects the resilience of the Company’s business model,” said Corporate Secretary of Samindo Resources, Ahmad Zaki Natsir, in an official statement in Jakarta on Wednesday (29/4/2026).
“The solid overburden removal volume and proportional achievement of coal getting targets are the result of disciplined field execution and the readiness of our heavy equipment utilities,” he added.
This increase aligns with growth in the coal getting segment, which rose 7% year-on-year to 1.43 million tonnes from the previous 1.34 million tonnes.
Meanwhile, the coal hauling segment also recorded stable movement with a volume of 5.86 million tonnes, slightly up from 5.75 million tonnes in the first quarter of the previous year.
From a profitability perspective, consolidated net profit was recorded at US$3.75 million or approximately Rp60 billion for the same period.
“We are optimistic that this strong operational foundation will secure the Company’s annual targets while creating sustainable added value for shareholders,” said Zaki.
He added that management will continue to focus on optimising productive assets and maintaining tight cost controls across all operational lines.
For information, Samindo Resources is an investment holding company operating in coal mining services, ranging from overburden removal, coal getting, coal hauling, to geological mapping and drilling, as well as vehicle rental services through five subsidiaries.