PT Timah Surpasses Net Profit Target, Reaching IDR 2.71 Trillion
Jakarta (ANTARA) - PT Timah (Persero) Tbk recorded a net profit of Rp2.71 trillion in the first half of 2026, surpassing its 2026 full-year net profit target of Rp1.61 trillion, equivalent to 169 per cent of the target.
“The company’s performance in the first half of 2026 shows that the operational and business transformation strategy we have pursued is capable of delivering quality growth amid global industry dynamics,” said Timah President Director Restu Widiyantoro in an official statement received in Jakarta on Wednesday.
PT Timah booked revenues of Rp10.42 trillion in the first half of 2026, up 247 per cent compared with Rp4.22 trillion in the first half of 2025.
The increase was driven by higher sales volumes and rising average selling prices for tin metal amid still-conducive market conditions.
In line with revenue growth, PT Timah recorded an operating profit of Rp3.48 trillion, a significant increase from Rp0.38 trillion in the first half of 2025.
The company also posted EBITDA of Rp3.90 trillion, up 363 per cent from Rp0.84 trillion in the first half of 2025.
Furthermore, in terms of operations, PT Timah recorded significantly improved operational performance throughout the first half of 2026.
Tin ore production reached 12,232 tonnes Sn, up 75 per cent from 6,997 tonnes Sn in the same period last year.
The production increase was driven by productivity optimisation and the addition of operating units at a number of production sites, including production suction dredges (KIP), production suction pontoons (PIP), and partnership land mines comprising small-scale mines and land-based suction pontoon mines.
In line with higher tin ore production, PT Timah booked tin metal production of 10,865 metric tonnes Sn in the first half of 2026, up 58 per cent from 6,870 metric tonnes Sn in the first half of 2025.
Tin metal sales reached 10,984 metric tonnes, up 85 per cent from 5,933 metric tonnes in the same period last year.
The higher sales volume was also supported by optimised tin metal inventory management to meet market demand. Meanwhile, the average selling price of tin metal in the first half of 2026 reached US$49,794 per metric tonne, up 52 per cent from US$32,816 per metric tonne in the first half of 2025, in line with tin prices remaining strong in the global market.
In the first half of 2026, the company’s tin metal sales were still dominated by the export market, which contributed 97 per cent of total sales, while the domestic market accounted for 3 per cent.
The six main export destination countries were China at 36 per cent, India at 12 per cent, South Korea at 11 per cent, Singapore at 6 per cent, the Netherlands at 5 per cent, and Italy at 5 per cent.
“Increased productivity, disciplined cost management, and operational optimisation were the main factors driving this achievement,” said Restu.