Archi Indonesia Books IDR 1.18 Trillion in Net Profit in Q3 2025
Tue 04 Nov 2025, 04:36 AM
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PT Archi Indonesia Tbk (ARCI) posted a strong performance over the first nine months of 2025. The national gold mining company closed Q3 2025 with a net profit of USD 71 million, equivalent to IDR 1.18 trillion (at an exchange rate of IDR 16,676), a significant turnaround from a USD 4 million loss in the same period last year.
Investor Relations of PT Archi Indonesia Tbk, Fredric, revealed that this positive performance was driven by higher production and sales of gold from its main mine in North Sulawesi. By the end of the third quarter of 2025, ARCI booked total gold production of 90 thousand ounces, up 23% compared to 73 thousand ounces in the same period last year.
“This achievement reflects the company’s commitment to continue growing, increasing production, and developing new potential,” he said in an official statement quoted on Tuesday (November 4).
In addition to internal factors, ARCI’s performance also benefited from the upward trend in global gold prices throughout the year, which had a positive impact on the company’s revenue and operating margins.
Beyond the gold segment, Fredric explained that ARCI also participates in geothermal energy development through PT Toka Tindung Geothermal (TTG), a joint venture between PT Archi Indonesia Tbk and Ormat Geothermal Indonesia. The project has secured a geothermal license and has been designated by the government as part of the National Strategic Projects (PSN), marking an important step in ARCI’s diversification into green energy.
TTG is currently targeting the construction of a Geothermal Power Plant (PLTP) with an installed capacity of 40 megawatts (MW) in the Toka Tindung area, North Sulawesi. During its development stage, the project is supported by PT Sarana Multi Infrastruktur (SMI) through the Geothermal Resource Risk Mitigation (GREM) program in collaboration with the World Bank.
“ARCI appreciates the collaborative efforts between Ormat and SMI in promoting risk-mitigation-based financing,” he said.
This synergy is seen as a key catalyst for accelerating exploration activities and strengthening clean energy infrastructure in the Toka Tindung area, while reflecting a shared commitment to speed up the energy transition in Indonesia.
“Management is committed to achieving 25% production growth, improving gold grade and gold recovery, and advancing the underground project while focusing on exploration,” said Fredric.
The company is optimistic that all these targets can be realized by the end of 2025. Moreover, as of October 2025, its production volume has exceeded 100 koz, which is higher than total production for the whole of 2024.
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