ANTAM’s 9M 2025 Net Profit Hits Rp6.61 Trillion, Up 197%

Robust Financial Performance

PT Aneka Tambang Tbk (ANTAM) has delivered an impressive financial performance in the first nine months of 2025, with net profit soaring by 197% to Rp6.61 trillion compared to the same period last year. This surge reflects the company’s successful execution of downstreaming strategies, operational efficiencies, and a strong focus on its core commodities – gold, nickel, and bauxite.

Revenue climbed 67% to Rp72.03 trillion, underpinned primarily by a 64% increase in gold sales, which accounted for 81% of total sales. Nickel and bauxite segments also contributed significantly, with nickel sales nearly doubling and bauxite sales surging over tenfold, highlighting ANTAM’s diversified growth across its mineral portfolio.

Operational Excellence and Cost Management

ANTAM’s EBITDA rose 137% to Rp9.33 trillion, supported by stringent cost management and operational improvements. The company’s operating profit expanded by 323%, reaching Rp7.89 trillion, while financial expenses fell by 41%, reflecting efforts to reduce interest-bearing debt. These factors combined to boost earnings per share by 171%, signaling enhanced shareholder value.

Production volumes also saw notable increases. Nickel ore production jumped 72%, with sales up 97%, reinforcing ANTAM’s role as a key supplier for Indonesia’s downstream nickel industry. Bauxite production and sales similarly expanded dramatically, supporting the company’s alumina refining ambitions.

Sustainability and ESG Progress

Beyond financial metrics, ANTAM advanced its Environmental, Social, and Governance (ESG) commitments, improving its Sustainalytics risk rating from high to medium risk. The company engaged in mangrove restoration projects and community programs, reflecting a growing emphasis on sustainable mining practices and social responsibility.

Downstreaming Initiatives and Strategic Partnerships

ANTAM is actively progressing downstream projects that add value to its mineral commodities. In gold, it is expanding manufacturing capacity at the Java Integrated Industrial and Ports Estate. The company also secured a gold sales agreement with PT Freeport Indonesia, ensuring a steady supply of high-purity gold.

In nickel, ANTAM marked a milestone with the inauguration of integrated battery plant construction in Karawang and East Halmahera, positioning itself within Indonesia’s burgeoning battery ecosystem. Meanwhile, the bauxite segment supports the Smelter Grade Alumina Refinery project in Mempawah, with trial alumina shipments underway.

These initiatives underscore ANTAM’s commitment to strengthening Indonesia’s mineral downstreaming industry and contributing to sustainable economic growth.