PT Bukit Asam Shareholders Approve Bambang Ismawan as New CEO
PT Bukit Asam (Persero) Tbk (PTBA), a member of the MIND ID mining industry state-owned enterprise holding, held its 2025 Annual General Meeting of Shareholders (AGM) electronically on Thursday, 11 June 2026.
The AGM approved changes to the Company’s management structure, agreeing to appoint Bambang Ismawan as the President Director of PTBA, replacing Arsal Ismail, who has held the position since 23 December 2021. Bambang Ismawan previously served as the 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 the change in President Director, the AGM also appointed new leadership for the Human Resources position. Hennita Sitepu has been appointed as Director of Human Resources and Corporate Transformation, replacing Ihsanuddin Usman. Furthermore, the AGM appointed Mochammad Rifqi Hari Muji as Director of Commercial and Supply Chain, replacing Verisca Hutanto.
The new composition of the Board of Directors and Commissioners of PTBA, effective 11 June 202<0xA0>26, is as follows:
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
Regarding dividend approval, shareholders discussed and approved seven agenda items, including the use of the Company’s net profit for the 2025 fiscal year. PTBA recorded a net profit of Rp2.93 trillion during this period.
Based on the results of the 2025 AGM, shareholders approved a cash dividend distribution of Rp1.32 trillion, or 45% of the Company’s total net profit for 2025. The remaining net profit of Rp1.61 trillion, or 55%, was designated as retained earnings to support business development and maintain business sustainability.
Additionally, shareholders approved the Annual Report and the Ratification of the Company’s Consolidated Financial Statements, the Approval of the Board of Commissioners’ Oversight Report, and the Ratification of the Micro and Small Business Financing Program (PUMK) Financial Report for the 2025 fiscal year.
The AGM also established the Salary/Honorarium, Facilities, and Allowances for the 2026 fiscal year, as well as Remuneration for the 2025 performance of the Company’s Management, in accordance with applicable regulations.
Furthermore, shareholders approved the appointment of a Public Accountant and/or Public Accounting Firm to audit the Company’s Consolidated Financial Statements and the PUMK Financial Report for the 2026 fiscal year. Shareholders also approved the delegation of authority for the approval of the Long-Term Corporate Plan (RJPP) 2026-2030 and the Corporate Work Plan and Budget (RKAP) 2027, including any amendments, from the AGM to the appointed parties.
The AGM also approved amendments to the Company’s Articles of Association to align with the 2025 Indonesian Standard Industrial Classification (KBLI), as regulated by the Indonesian Central Statistics Agency Regulation Number 7 of 2025. This is a step towards adjusting to business needs, regulatory developments, and strengthening the implementation of good corporate governance.
PTBA Corporate Secretary Eko Prayitno stated that all decisions made during the AGM reflect the Company’s commitment to maintaining a balance between providing added value to shareholders, strengthening capital structure, and ensuring sustainable business development.
“Amid the dynamics of the mining and energy industry, PTBA continues to strive to maintain optimal operational performance, increase efficiency, strengthen coal downstreaming, and develop various business initiatives that support sustainable growth and long-term value creation for all stakeholders,” said Eko.
Throughout 2025, PTBA recorded revenue of Rp42.65 trillion. This performance was supported by export sales, which contributed 46%, and domestic sales, which contributed 54%. The five largest export destinations for PTBA are 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, which stood at Rp41.79 trillion. This increase was primarily driven by a 12% rise in non-current assets, amounting to approximately Rp3.12 trillion.