PT Bukit Asam's Net Profit Plummets 42.5% in 2025

PT Bukit Asam Tbk (PTBA) recorded a significant decline in net profit throughout 2025. The company booked a profit of Rp 2.93 trillion, down 42.5 percent from the 2024 achievement of Rp 5.10 trillion. PTBA’s President Director Arsal Ismail stated that the decline was triggered by the weakening of global coal prices throughout 2025. Nevertheless, he said the company’s operational performance continued to show a positive trend amid market pressures. “The company is responding to these challenges by enhancing operational efficiency and expanding its global market share,” Arsal said during a press conference at the Westin Hotel, South Jakarta, on Monday, 6 April 2026. He explained that the average selling price of coal corrected in line with a 22 percent drop in the Newcastle index. From an operational perspective, Arsal said the company recorded a 9 percent increase in production to 47.2 million tonnes. PTBA’s coal sales volume, Arsal said, also rose 6 percent to 45.4 million tonnes. This increase was accompanied by a 6 percent growth in coal transportation volume, from 38.2 million tonnes to 40.4 million tonnes. For market absorption, Arsal explained that 54 percent of sales were allocated to the domestic market to fulfil the Domestic Market Obligation (DMO). Meanwhile, the export portion reached 46 percent as part of the market diversification strategy. Amid profitability pressures, the company recorded gradual improvements in performance. Arsal stated that this was reflected in operating cash flow, which grew 24 percent to Rp 6.26 trillion. The company’s total assets also increased to Rp 43.92 trillion, driven by the addition of strategic fixed assets. Throughout 2025, capital expenditure (capex) realisation reached Rp 4.55 trillion, focused on long-term infrastructure development, including the Tanjung Enim–Kramasan coal transportation project. Entering 2026, Arsal said PT Bukit Asam targets production and sales of 49.5 million tonnes each, following the approval of the Work Plan and Budget (RKAB) without volume cuts. Arsal emphasised that the cost leadership strategy through selective mining and supply chain optimisation will remain the company’s primary focus. With these steps, he is optimistic about maintaining sustainable performance while contributing to the national economy and energy resilience. “We will focus on efficiency and sustainable business development while prioritising compliance with corporate governance,” he said.