United Tractors Posts IDR 14.8 Trillion Net Profit in 2025
Sat 28 Feb 2026, 00:44 AM
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PT United Tractors Tbk posted a net profit of IDR 14.8 trillion throughout 2025. This net profit represents a 24 percent decrease compared to the previous year, driven by a lower contribution from the mining contracting segment and weakening coal selling prices, although partially offset by stronger gold prices.
“Based on the consolidated financial statements as of the fourth quarter of 2025, net revenue was recorded at IDR 131.3 trillion, a 2 percent decline from IDR 134.4 trillion during the same period in 2024,” United Tractors management stated in a press release quoted on Saturday (Feb 28, 2026).
The revenue primarily came from mining contracting at IDR 54.1 trillion (down 7 percent); construction machinery at IDR 36.6 trillion (down 2 percent); thermal and metallurgical coal mining at IDR 24.2 trillion (down 7 percent); and gold and other mineral mining at IDR 14.0 trillion (up 41 percent).
In the construction machinery segment, sales of Komatsu heavy equipment rose by 2 percent to 4,515 units, supported by increased demand from the forestry and plantation sectors. According to internal market research, Komatsu's market share reached 20 percent, maintaining its leadership in the mining heavy equipment market. Scania sales increased from 436 units to 466 units, while UD Trucks fell from 234 units to 155 units. Revenue from spare parts and maintenance services decreased by 3 percent to IDR 11.3 trillion, resulting in a total segment revenue correction of 2 percent to IDR 36.6 trillion.
The mining contracting segment, operated by PT Pamapersada Nusantara and PT Kalimantan Prima Persada, recorded a 10 percent decrease in overburden removal volume to 1,100 million bcm by the end of 2025. Clients' coal production volume remained relatively stable at 148 million ton, with an average stripping ratio of 7.4x.
The decline in overburden removal was triggered by high rainfall and lower stripping ratios on several contracts, leading to a 7 percent drop in the segment's net revenue to IDR 54.1 trillion.
In the thermal and metallurgical coal mining segment managed by PT Tuah Turangga Agung, coal sales volume reached 11.6 million tons—including 3.7 million tons of metallurgical coal—up 14 percent from 2024. Total sales volume, including third parties, reached 14.3 million tons (up 9 percent), but revenue fell 7 percent to IDR 24.2 trillion due to a decline in average coal selling prices.
Meanwhile, the gold and other mineral mining segment recorded a 41 percent revenue increase to IDR 14.0 trillion. In the nickel business, PT Stargate Pasific Resources recorded nickel ore sales of 2.1 million wet metric tons (wmt), consisting of 0.7 million wmt of saprolite and 1.4 million wmt of limonite. The company also holds a 20.14 percent stake in Nickel Industries Limited, which was affected by impairment charges on two older RKEF projects in late 2024, impacting performance in the first quarter of 2025. As of the third quarter of 2025, RKEF operations recorded sales of 93,264 tons of nickel metal.
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