1. Indonesia Stocks

  2. •

    Non-energy minerals

  3. •

    Precious metals
PT Merdeka Gold Resources Tbk

PT Merdeka Gold Resources Tbk

6,425.00
IDR
-50.00
(-0.77%)
-32.09EPS
82.50TMarket Cap
Nov 26Next Earn
PT Merdeka Gold Resources Tbk
IDX:EMAS
(Indonesia Stock Exchange)

Recent

price

6,425.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
TTM
USD
- -
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
Dividend per Share
0.01
0.01
0.02
0.03
0.02
Book Value per Share
0.01
0.01
0.02
0.03
0.02
Tangible Book Value per Share
16,180
16,180
16,180
14,315
14,731
Basic Weighted Avg Shares
- -
1
2
- -
31
Sales/Revenue/Turnover
- -
-122.73
-25.71
-7,298.68
-10.48
Operating Margin (%)
- -
- -
- -
- -
- -
Depreciation Expense
-11
-7
-13
-27
-26
Net Income, GAAP
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
-490.3
-725.86
-20,833.19
-85.16
Profit Margin (%)
-1
-9
15
-7
-181
Working Capital
34
144
194
279
286
LT Debt
166
155
273
381
362
Total Equity
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-4.25
-5.93
-8.41
- -
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11
12
169
LT Borrowings
260
325
246
LT Finance Leases
19
29
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14,731
14,731
14,731
Market Capitalization
4,873
7,108
4,594

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
61
85
123
Cash, Cash Equivalents & STI
45
48
62
Accounts Receivable, Net
- -
- -
- -
Inventories
11
31
56
Total Current Liabilities
68
75
305
Payables & Accruals
- -
- -
- -
ST Debt
11
12
169
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
39.52%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
116.48%
Sales/Revenue/Turnover
- -
- -
-92.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
- -
- -
- -
2
2025
- -
- -
- -
- -
- -
2026
3
28
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
PT Merdeka Gold Resources Tbk PT Merdeka Gold Resources Tbk (EMAS.JK), a subsidiary of PT Merdeka Copper Gold Tbk PT Merdeka Copper Gold Tbk, operates as an Indonesian gold mining holding company focused on the exploration, extraction, processing, and development of gold resources through its subsidiaries. The company primarily manages the Pani Gold Mine in Pohuwato Regency, Gorontalo Province, Sulawesi, Indonesia, which features ore reserves of 190 million tonnes containing approximately 4.8 million ounces of gold and supports multi-decade operations as one of Indonesia's largest primary gold mines. It employs open-pit mining methods with initial heap leach processing capacity of 7 million tonnes of ore per year targeting around 140,000 ounces of annual gold production; in subsequent phases, it develops a carbon-in-leach (CIL) facility with initial capacity of 7.5 million tonnes per year, expanding to 12 million tonnes by 2030 for combined throughput of 19 million tonnes and peak output potential of up to 500,000 ounces per year. Headquartered at Treasury Tower, District 8, SCBD Lot 28, Jl. Jend. Sudirman Kav. 52-53, Jakarta Selatan, Indonesia, the company, originally established in 2015 as PT Pani Bersama Jaya, conducts operations exclusively in Indonesia with a commitment to sustainable mining practices, good mining governance, and community development. Recent developments include the official listing of its shares on the Indonesia Stock Exchange under ticker EMAS on September 23, 2025, raising Rp4.66 trillion through an initial public offering of 1.62 billion new shares at Rp2,880 per share to fund Pani Gold Project working capital, subsidiary operations, and debt repayment; commencement of mining operations at Pani Gold Mine on October 1, 2025, with first gold production targeted for the first quarter of 2026; and an announced increase in Pani Gold ore reserves to bolster long-term production potential amid ongoing exploration and optimization efforts.