PT Bukit Asam Shareholders Approve Bambang Ismawan as New CEO

PT Bukit Asam (Persero) Tbk (PTBA), a member of the Mining Industry Holding MIND ID, held its Annual General Meeting of Shareholders (RUPST) for the 2025 financial year electronically on Thursday, 11 June 2026. The RUPST approved changes to the composition of the company’s board. Shareholders agreed to appoint Bambang Ismawan as President Director of PTBA, replacing Arsal Ismail who had served as President Director since 23 December 2021. Bambang Ismawan previously served as President Commissioner and Independent Commissioner of PTBA. The position of President Commissioner of PTBA is now held by Ida Bagus Putu Dunia. In addition to replacing the President Director, the RUPST also appointed new faces for the position of Director of Human Resources. The RUPST appointed Hennita Sitepu as Director of Human Resources and Corporate Transformation, replacing Ihsanuddin Usman. Furthermore, the RUPST appointed Mochammad Rifqi Hari Muji as Director of Commercial and Supply Chain, replacing Verisca Hutanto. The latest composition of the Board of Directors and Board of Commissioners of PTBA, effective 11 June 2026, is: Board of Commissioners: President Commissioner Ida Bagus Putu Dunia; Independent Commissioner Dewi Hanggraeni; Independent Commissioner Suko Hartono; Commissioner Dalu Agung Darmawan; Commissioner Zaelani; Commissioner Ferial Martifauzi; Commissioner Lana Saria. Board of Directors: President Director Bambang Ismawan; Director of Operations and Production Ilham Yacob; Director of Finance and Risk Management Una Lindasari; Director of Human Resources and Corporate Transformation Hennita Sitepu; Director of Downstreaming and Product Diversification Turino Yulianto; Director of Commercial and Supply Chain Mochammad Rifqi Hari Muji. During the meeting, shareholders discussed and approved seven agenda items, including the use of the company’s net profit for the 2025 financial year. PTBA posted a net profit of Rp2.93 trillion for the period. Based on the results of the RUPST decision, shareholders approved the distribution of a cash dividend amounting to Rp1.32 trillion, or 45% of the company’s total 2025 net profit. The remaining net profit of Rp1.61 trillion, or 55%, is designated as retained earnings to support business development and maintain the company’s business sustainability. Additionally, shareholders approved the Annual Report and Ratification of the Company’s Consolidated Financial Statements, the Approval of the Board of Commissioners’ Supervisory Report, and the Ratification of the Financial Statements for the Micro and Small Business Funding Programme (PUMK) for the 2025 financial year. At the meeting, shareholders also determined the Salary/Honorarium along with Facilities and Allowances for the 2026 financial year, as well as Remuneration for Performance in the 2025 financial year for the Company’s Board, taking into account applicable regulations. The RUPST also approved the Appointment of a Public Accountant and/or Public Accounting Firm to Audit the Company’s Consolidated Financial Statements and the PUMK Programme Financial Statements for the 2026 financial year. Furthermore, shareholders approved the delegation of authority for the approval of the Company’s Long-Term Plan (RJPP) for 2026-2030 and the Work Plan and Budget (RKAP) for 2027 along with its amendments from the GMS to a designated party in accordance with applicable regulations. The RUPST also approved changes to the Company’s Articles of Association in the context of adjustment to the Indonesia Standard Classification of Business Fields (KBLI) 2025 as stipulated in the Regulation of the Central Bureau of Statistics Number 7 of 2025, as a step to adjust to business needs, regulatory developments, and strengthening the implementation of good corporate governance. Corporate Secretary PTBA Eko Prayitno stated that all decisions produced in the RUPST reflect the company’s commitment to maintaining a balance between providing added value to shareholders, strengthening the capital structure, and the sustainability of business development. Throughout 2025, PTBA recorded revenue of Rp42.65 trillion. This performance was supported by export sales contributing 46% and domestic sales 54%. PTBA’s five largest export destination countries were Bangladesh, India, Vietnam, South Korea, and the Philippines. In terms of financial position, the company’s total assets as of 31 December 2025 reached Rp43.92 trillion, an increase of 5% compared to the end of 2024 position of Rp41.79 trillion. This increase was mainly driven by a 12% rise in non-current assets, or approximately Rp3.12 trillion.