Surge in Financial Performance Supports Jumbo Dividend Distribution

PT Antam Tbk (ANTM) demonstrated business resilience amid global economic turmoil by recording its best financial performance in the company’s history in 2025. This achievement led the company to distribute dividends amounting to Rp5.04 trillion to shareholders while also preparing funds for business expansion and strategic downstream projects. The decision was approved at the Annual General Meeting of Shareholders (RUPST) for the 2025 Fiscal Year in Jakarta on Wednesday (10/6/2026). From the total net profit attributable to owners of the parent entity, Antam allocated 70 per cent, or Rp5.04 trillion, as dividends, while 30 per cent, or Rp2.16 trillion, was retained to support the company’s business development and strategic projects. The jumbo dividend distribution was supported by a surge in Antam’s financial performance throughout 2025. The company booked revenue of Rp84.64 trillion, a 22 per cent increase from the previous year. Net profit soared 106 per cent compared to the 2024 achievement. Antam’s President Director, Untung Budiharto, said this achievement is an important milestone for the company amidst challenging global market dynamics. “Amidst global market dynamics and industry challenges, we successfully recorded the best operational and financial performance in the company’s history. This reflects the strong business fundamentals, the effectiveness of disciplined strategies, and the commitment of all company personnel in optimising the potential of national mineral resources to create sustainable added value,” said Untung. According to him, this success was supported by increased productivity, operational efficiency, optimisation of asset and mineral resource management, and supply chain strengthening. The company also recorded an increase in the production and sales of its main commodities, especially nickel and bauxite, to the highest level in more than a decade. “Amidst economic uncertainty and world commodity price volatility, we are optimistic about maintaining growth momentum by strengthening business fundamentals, operational digitalisation, cost management discipline, and accelerating mineral downstreaming that provides greater added value for the national economy,” he said. Antam’s Director of Corporate Strategy, Business Development, and Commercial, Handi Sutanto, explained that although the dividend value increased from the previous year, the company maintained investment room to finance long-term growth. “Nominally, dividends increased, but the payout ratio decreased from 100 per cent to 70 per cent. This is part of our effort to prepare for Antam’s future through various business development projects currently underway. We retain some of the profits to finance projects that will become new sources of growth for the company,” said Handi. He added that the company’s current strategy focuses on strengthening the core business and building a foundation for future growth through operational transformation and downstream development. “Strengthening the core, building the future. We are strengthening our business foundation to be ready to step further and generate greater value for shareholders,” he stated. Besides approving the use of net profit, the RUPST granted approval for Antam to accept a strategic government assignment in accelerating nickel downstreaming and developing the national electric vehicle battery ecosystem. Through cooperation with PT Industri Baterai Indonesia and the HYD Investment Limited consortium, Antam is involved in building an integrated electric vehicle battery ecosystem from upstream to downstream, ranging from nickel mining, refining facilities, precursor and cathode production, to battery cell manufacturing and battery recycling facilities. “This step is considered a new source of economic growth for the company while strengthening Indonesia’s position in the global electric vehicle industry supply chain,” said Handi. At this RUPST, Antam refreshed its management as part of efforts to strengthen business transformation and accelerate the national mineral downstreaming agenda. During the meeting, shareholders approved the appointment of Aryanto Wibowo as the Company’s Commissioner. Additionally, Antam appointed I Dewa Wirantaya as Director of Downstream Strategy and Downstream Operations and Arini Kasmira as Director of Finance and Risk Management. The RUPST also approved the nomenclature change and transfer of duties for directors. Hartono, who previously served as Director of Operations and Production, now assumes the role of Director of Mineral Resource Management. Meanwhile, Ratih Dewihandajani, previously the Director of Human Resources, is now entrusted as Director of Human Resources and Corporate Transformation. Handi Sutanto, previously the Commercial Director, received a new mandate as Director of Corporate Strategy, Business Development, and Commercial.