Zero Revenue, Coal Issuer (COAL) Posts Rp8.2 Billion Loss

Coal issuer PT Black Diamond Resources Tbk (COAL) has swung into a loss during the first quarter of 2026 after failing to record any operating revenue throughout the period.

According to the latest financial reports cited from the Indonesia Stock Exchange (BEI) information disclosure, the loss attributable to the owners of the parent company as of March 2026 was recorded at Rp8.23 billion. In contrast, during the same period the previous year, COAL had recorded a net profit of Rp5.35 billion.

This deteriorating performance is in line with the disappearance of the company’s operating revenue. In the first quarter of 2026, COAL recorded revenue of Rp0, down from Rp126.52 billion in the first quarter of 2025.

Due to the lack of sales, the company also failed to record any gross profit in the first quarter of 2026, whereas in the same period the previous year, COAL had recorded a gross profit of Rp19.74 billion.

In terms of cash flow, the company recorded negative operating cash flow of Rp13.79 billion throughout the first quarter of 2026. Regarding capital, COAL’s cash and cash equivalents as of March 2026 were recorded at Rp233 million, a significant decrease compared to the position at the end of 2025, which stood at Rp14.29 billion.

On the liabilities side, the company still holds short-term bank debt amounting to Rp195 billion.

In terms of assets, COAL recorded a value of Rp824.79 billion. Its equity and liabilities were also recorded accordingly.

COAL shares are currently suspended by the Indonesia Stock Exchange (BEI). In its last trading session, COAL shares were parked at Rp22 per share.