Boost in Coal Production Drives PTBA’s H1 2025 Revenue to IDR 20.45 Trillion
Mon 04 Aug 2025, 13:23 PM
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PT Bukit Asam Tbk ( PTBA ), reported an increase in coal production throughout the first semester of 2025. Throughout January to June 2025, PTBA's coal production volume reached 21.73 million tons, an increase of 16 percent from 18.76 million tons in the first semester of 2024.
"Sales volume also increased by 8 percent to 21.62 million tons from 20.05 million tons in the same period last year," said PTBA Corporate Secretary, Niko Chandra in a statement received by JawaPos.com, Monday (4/8).
Furthermore, Niko explained that the sales composition consisted of 54 percent for the domestic market and 46 percent for exports. Despite declining demand from key export markets like China, PTBA managed to maintain sales performance by expanding its export reach to countries like Bangladesh, India, Vietnam, the Philippines, and Thailand.
In line with increased production and sales, coal transport volume also increased by 9 percent to 19.27 million tons from 17.70 million tons previously. This increase was supported by supply chain optimization and continued strengthening of efficiency in the logistics sector.
"The increase in operational activities contributed to PTBA's consolidated revenue, which was recorded at IDR 20.45 trillion, up 4 percent compared to IDR 19.64 trillion in the same period last year," explained Niko.
"The company's total assets also grew by 2 percent, from IDR 41.79 trillion as of December 31, 2024, to IDR 42.68 trillion as of June 30, 2025," he added.
Niko also stated that throughout the first half of 2025, PTBA posted a net profit of IDR 833.05 billion with an EBITDA of IDR 2.2 trillion. Global coal price pressures will be a major challenge in the first half of 2025.
The ICI-3 price index recorded a correction of 14 percent annually, from USD 75.89 to USD 65.15 per ton, while the Newcastle index fell 22 percent, from USD 130.66 to USD 102.51 per ton.
In response to these conditions, PTBA implemented an adaptive marketing strategy, market diversification, and managed a diverse customer portfolio. The company recorded an average selling price of IDR 930,000 per ton, a 4 percent decrease from the same period the previous year.
On the other hand, operational costs also came under pressure due to rising fuel prices, which averaged IDR 14,666 per liter, a 7 percent increase compared to IDR 13,682 per liter in the same period last year. The increase in fuel consumption also coincided with increases in production volume and coal transportation distances.
"PTBA has consistently strengthened its operations. Despite challenging global market conditions, the company continues to record performance growth. Going forward, the company will continue to drive cost efficiency, improve asset performance, and expand its sustainable business portfolio," concluded Niko Chandra.
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