MIND ID Bolsters Performance in First Half of 2025

In the first half of 2025, PT Mineral Industri Indonesia (MIND ID) demonstrated very positive revenue performance, despite a correction in its net profit. MIND ID recorded revenue of IDR 44.16 trillion, a sharp increase compared to IDR 25.29 trillion in the first half of 2024. This increase reflects the company's ongoing efforts to strengthen its business lines and expand in the mining and mineral downstream sectors.

This 74.61% increase in revenue indicates MIND ID's resilience and adaptability in facing market dynamics, particularly in the volatile extractive industry.

Decrease in Net Profit as an Impact of Industrial Dynamics

Despite increased revenue, MIND ID's net profit in the first quarter of 2025 was recorded at IDR 6.62 trillion, a 33.47% decrease compared to IDR 9.95 trillion in the same period last year. This change was primarily due to a decrease in profit contribution from PT Freeport Indonesia, the main subsidiary of the MIND ID group, whose net profit fell 57.58% to IDR 4.42 trillion.

This condition illustrates the challenges faced by the mining sector, particularly fluctuations in production and sales of commodities such as copper and gold.

Asset Strengthening and Production Expansion Strategy

Despite the profit correction, MIND ID managed to strengthen its assets, with total assets reaching IDR 302.80 trillion at the end of the first quarter of 2025, up from IDR 290.23 trillion as of December 31, 2024. This demonstrates management's success in its investment and infrastructure development strategies, which strengthen the foundation for long-term growth.

In addition, the cost of revenue also increased from IDR 22.84 trillion to IDR 38.03 trillion, reflecting increased production activities and optimal management of mineral resources.

Focus on Sustainable Projects and Downstreaming

Throughout 2025, MIND ID reaffirmed its commitment to developing sustainable projects that support national economic growth and the development of new and renewable energy. Some of the company's priority projects include the construction of SGAR Phase II in Mempawah and the RKEF and HPAL facilities in East Halmahera, which are expected to increase production capacity and increase the added value of mineral products.

This development is in line with MIND ID's mineral downstreaming strategy, which also has a positive impact on increasing the income and competitiveness of the domestic mining industry.

Dividend Distribution that Benefits Shareholders

MIND ID also demonstrates its serious concern for shareholders through healthy dividend distribution. For the 2024 financial year, the company distributed dividends amounting to 55% of profit attributable to owners of the parent entity, equivalent to IDR 20.1 trillion. This dividend value represents an increase from the previous year, reflecting the company's well-maintained profitability and financial health.

MIND ID Moves Toward Sustainable Growth

MIND ID's journey in the first half of 2025 featured a mixed bag of net profit dynamics, but was accompanied by significant progress in revenue, asset strengthening, and strategic projects. The company demonstrated resilience and adaptability amidst challenges in the national and global mining industry.

With a focus on downstreaming, sustainable project development, and efficient management, MIND ID continues to maintain its position as one of the leading state-owned mining industry holdings that contributes positively to the Indonesian economy.

Source: https://wartakini.co.id/detail/219974/mind-id-perkuat-capaian-di-semester-awal-2025

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