Timah (TINS) Records Profit of Rp 1.31 Trillion in 2025, Achieving 119% of Target
PT Timah (Persero) Tbk recorded operating profit of Rp 1.82 trillion throughout 2025, a slight increase from Rp 1.81 trillion the previous year. Meanwhile, the company’s net profit rose 5.12% year-on-year to Rp 1.31 trillion.
Timah’s President Director Restu Widiyantoro stated that the net profit achievement reached 119% of the target set in the 2025 RKAP. “The company is focusing on strengthening tin governance, optimising operational performance, marketing, and finance,” he said in an official statement on Thursday (23/4/2026).
The company’s bottom-line performance was supported by revenue of Rp 11.55 trillion, up 6.41% year-on-year. This was in line with the increase in the average selling price of tin metal.
Throughout 2025, global tin metal prices rose compared to the previous year, supported by growing demand for semiconductors, photovoltaic panels, and other energy transition technologies.
The average tin metal Cash Settlement Price on the London Metal Exchange (LME) in 2025 was US$ 34,119.96 per tonne, an increase of 13% from US$ 30,177.45 per tonne the previous year.
Tin stocks in LME warehouses at the end of December 2025 stood at 5,420 tonnes, up 14% from 4,760 tonnes at the beginning of 2025.
According to the CRU Tin Monitor, global tin metal production in 2025 is estimated at 371,369 tonnes. Meanwhile, global tin metal consumption is estimated at 389,404 tonnes.
At the end of 2025, the company’s asset value increased by 6.75% to Rp 13.64 trillion from Rp 12.78 trillion at the end of 2024, due to an increase in trade receivables not yet due at the end of 2025. Meanwhile, the company’s liabilities stood at Rp 5.23 trillion, up 0.80% from Rp 5.19 trillion at the end of 2024.
Equity position in 2025 was Rp 8.41 trillion, an increase of 10.83% from Rp 7.59 trillion at the end of 2024, in line with the booking of profits in 2025.
The company’s financial performance was also supported by several key financial ratios, including a Quick Ratio of 60.6%, Current Ratio of 242.8%, Debt to Asset Ratio of 11.5%, and Debt to Equity Ratio of 18.7%.
In 2026, the company will focus on aggressively recovering production capacity and strengthening value added through downstream processing. As part of Indonesia’s Mining Holding, the company positions itself to capitalise on the momentum of high global tin prices and the regulation of illegal mines in Indonesia, which significantly impacts the global tin metal supply flow.
The company’s main strategies for 2026 include accelerating production and optimising reserves, expanding downstream processing and product diversification, digital transformation and sustainability (ESG), sustainable optimisation and efficiency across all business lines, optimisation of subsidiary performance, non-operating assets, and other synergies to support the company’s sustainability.