PTBA's Profit Reaches Rp 2.93 Trillion Amid Declining Coal Prices

JAKARTA, KOMPAS.com - PT Bukit Asam Tbk (PTBA) recorded a net profit of Rp 2.93 trillion for the full year 2025, amid pressure from the decline in global coal prices.

PTBA’s President Director, Arsal Ismail, stated that this profit performance was supported by efficiency strategies, increased production and sales volumes, despite a significant correction in the global coal reference price.

“2025 is proof of our operational resilience. Even though the average selling price corrected due to a 22 per cent decline in the Newcastle index, PTBA was able to respond to these challenges with improved operational efficiency and expansion of our global market share,” he said in a written statement on Sunday (5/4/2026).

In addition to net profit, PTBA also recorded an EBITDA of Rp 6.08 trillion.

Operationally, PTBA achieved coal production of 47.2 million tonnes, up 9 per cent year-on-year.

Meanwhile, sales volume increased by 6 per cent to 45.4 million tonnes.

This performance improvement was also accompanied by a 6 per cent rise in coal transportation volume to 40.4 million tonnes.

Amid price pressures, PTBA maintained market balance by allocating 54 per cent of sales to domestic needs and 46 per cent to exports.

The company also expanded its market to several new countries, including Spain and Romania.

Despite profitability pressures, PTBA showed signs of quarterly recovery.

This was supported by efficiency strategies through selective mining and supply chain optimisation.

On the balance sheet, the company’s total assets increased to Rp 43.92 trillion.

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, PTBA targets production and sales of 49.5 million tonnes each, in line with the approval of the Work Plan and Budget (RKAB) without volume cuts.

Arsal emphasised that efficiency strategies will remain key to maintaining the company’s performance going forward.

“With a focus on efficiency and sustainable business development, PTBA is optimistic about maintaining positive performance while contributing to national energy resilience,” he said.