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PT Aneka Tambang Tbk

PT Aneka Tambang Tbk

ANTM.JK
PT Aneka Tambang TbkID flagIndonesia Stock Exchange
2,790.00
IDR
-140.00
- -
67.05TMarket Cap
PT Aneka Tambang Tbk
ANTM.JK
(Indonesia Stock Exchange)

Recent

price

2,790.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
922.31
1,105.21
1,096.99
1,184.98
988.04
880.53
378.94
526.56
1,051.87
1,361.53
1,139.06
1,599.85
1,911.31
1,708.13
2,879.33
3,522.25
3,112.91
Revenue per Share
176.77
202.44
314.21
43
-81.31
-120.47
2.7
5.68
36.39
8.07
47.83
77.47
159
128.07
151.77
299.98
299.87
Basic EPS, GAAP
-71.54
-94.41
-268.83
-253.03
-216.84
-150.56
-50.74
-97.89
-89.22
-51.45
-23.82
-21.28
-29.59
-59.9
-49.06
-27.74
-16.99
Free Cash Flow per Basic Share
25.38
70.71
91.07
47.09
9.67
- -
- -
- -
1.99
12.74
2.82
16.74
38.74
79.5
128.07
151.77
- -
Dividend per Share
992.52
1,117.65
1,334.02
1,336.03
1,245.4
1,331.97
666.78
670.13
704.48
409.28
445.62
507.43
626.9
678.8
703.61
861.54
1,003.31
Book Value per Share
998.74
1,111.69
1,327.63
1,322.93
1,237.16
1,522.93
761.82
765.21
817.18
749.96
787.5
862.5
982.51
1,292.17
1,334.29
1,517.06
1,675.58
Tangible Book Value per Share
9,523
9,523
9,526
9,535
9,535
11,960
24,031
24,031
24,031
24,031
24,031
24,031
24,031
24,031
24,031
24,031
24,031
Basic Weighted Avg Shares
8,783,194
10,524,921
10,449,886
11,298,322
9,420,631
10,531,505
9,106,261
12,653,619
25,277,188
32,718,543
27,372,461
38,445,595
45,930,356
41,047,693
69,192,440
84,642,439
74,805,677
Sales/Revenue/Turnover
22.6
21.23
7.44
1.66
-2.13
-5
0.09
4.78
7.47
3.11
7.14
7.44
10.96
6.57
5.07
8.24
11.71
Operating Margin (%)
573,658
582,997
645,780
795,037
794,815
696,275
667,705
830,619
1,004,179
55,502
90,098
102,711
130,183
128,846
146,558
168,095
131,589
Depreciation Expense
1,683,400
1,927,890
2,993,115
409,944
-775,287
-1,440,852
64,810
136,507
874,425
193,851
1,149,353
1,861,743
3,820,965
3,077,646
3,647,210
7,208,834
7,206,219
Net Income, GAAP
26.3
24.95
23.16
- -
- -
- -
72.69
69.96
30.9
71.78
29.97
38.83
26.73
20.15
16.5
18.74
19.51
Effective Tax Rate (%)
19.17
18.32
28.64
3.63
-8.23
-13.68
0.71
1.08
3.46
0.59
4.2
4.84
8.32
7.5
5.27
8.52
9.63
Profit Margin (%)
5,604,559
8,252,190
4,605,445
3,224,926
2,480,193
6,913,496
6,277,908
3,449,477
2,986,698
2,372,001
1,597,253
5,165,760
5,723,117
11,488,106
8,221,077
13,338,907
16,409,420
Working Capital
- -
2,992,236
2,992,844
4,217,245
5,262,896
6,922,500
6,649,432
5,297,597
7,347,594
5,564,155
3,475,453
3,787,064
2,144,774
944,983
42,357
2,974,200
2,996,988
LT Debt
9,600,835
10,772,044
12,832,316
12,793,488
11,929,561
18,316,719
18,408,796
18,490,404
19,739,231
18,133,419
19,039,449
20,837,098
23,712,060
31,165,670
32,199,506
36,599,886
40,406,011
Total Equity
15.04
13.62
3.8
- -
- -
- -
0.01
0.64
4.5
1.01
5
6.36
13.46
6.94
8.73
15.28
16.43
Return on Invested Capital (%)
18.1
16.29
20.47
- -
- -
- -
0.59
1.23
4.77
1.47
7.58
10.88
21.22
16.77
18.79
29.49
24.53
Return on Capital (%)
19.25
19.19
25.64
3.22
-6.3
-10.36
0.41
0.85
5.29
1.45
11.19
16.26
28.03
19.62
21.96
38.33
33.41
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,582,703
5,734,409
LT Borrowings
- -
2,920,244
2,957,733
LT Finance Leases
- -
53,956
39,255
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
24,031
24,031
Market Capitalization
75,937,217
75,696,910
84,107,678

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
23,021,850
33,206,503
Cash, Cash Equivalents & STI
- -
10,711,921
11,206,819
Accounts Receivable, Net
- -
2,327,866
3,116,720
Inventories
- -
7,731,354
16,848,545
Total Current Liabilities
- -
9,682,943
16,797,083
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,582,703
5,734,409
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.62%
14.33%
13.67%
Free Cash Flow
2.5%
13.85%
-43.45%
Net Income, GAAP
122.57%
52.79%
97.65%
Sales/Revenue/Turnover
27.85%
28.04%
22.33%
Total Cash Common Dividend
- -
161.83%
18.51%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,620,871
14,568,622
20,011,632
25,991,315
69,192,440
2025
26,151,701
32,868,024
- -
12,614,315
84,642,439
2026
29,323,338
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.92
- -
- -
- -
151.77
2025
88.69
- -
- -
- -
299.98
2026
141.77
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
128.07
2025
- -
- -
- -
- -
151.77
2026
- -
- -
- -
- -
- -
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Business
PT Aneka Tambang Tbk (ANTM.JK) is an Indonesia-based diversified mining and metals company engaged in the exploration, excavation, processing and marketing of nickel ore, ferronickel, gold, silver, bauxite, alumina and coal; it also provides precious metals refinery services, mining engineering, construction, trading, agriculture, printing, ground transportation and industrial area management. The company operates through three main segments--Nickel, Precious Metals and Refinery, and Bauxite and Alumina--with nickel activities centered on ferronickel production at the Kolaka facility and nickel ore sales; gold and silver production from underground mines including Pongkor in West Java and Cibaliung in Banten, alongside refinery services; and bauxite mining at Tayan in West Kalimantan feeding alumina processing. Founded in 1968 and headquartered in Jakarta, Indonesia, PT Aneka Tambang Tbk is a subsidiary of PT Mineral Industri Indonesia (Persero), part of the state-owned mining holding MIND ID, with operations spanning the Indonesian archipelago and exports to blue-chip customers in Europe and Asia. Recent developments include securing up to USD 500 million in term loan and revolving credit facilities from a syndicate of international lenders including DBS Bank, MUFG Bank and United Overseas Bank, effective August 2025, to fund capital expenditures, acquisitions and working capital; inauguration of integrated battery-plant ecosystems in Karawang, West Java, and East Halmahera, North Maluku, in June 2025 to advance nickel downstream processing into higher-value products such as nickel pig iron (NPI) and mixed hydroxide precipitate (MHP); progression of the SGAR Phase 1 alumina refinery project with PT Inalum, with 1 million tons annual capacity entering commissioning for commercial operations by end-2025; and significant production growth in 9M25, with nickel ore up 71.9% year-over-year to 12.55 million wet metric tons, bauxite up 262.9% to 2.31 million tons, and gold sales up 19.6% to 34.2 tons, driving revenue expansion of 66.7% to IDR 71.03 trillion.