1. Indonesia Stocks

  2. •

    Non-energy minerals

  3. •

    Precious metals
PT Merdeka Copper Gold Tbk

PT Merdeka Copper Gold Tbk

IIDX:MDKA
2,240.00
IDR
+40.00
(+1.82%)
93.12EPS
76.67TMarket Cap
Dec 23Next Earn
PT Merdeka Copper Gold Tbk
IDX:MDKA
(Indonesia Stock Exchange)

Recent

price

2,240.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
- -
- -
- -
0.01
0.01
0.02
0.01
0.02
0.04
0.07
0.09
0.08
0.08
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
0.01
0.01
0.01
0.02
0.02
0.02
0.03
0.04
0.04
0.04
0.03
0.03
Book Value per Share
- -
0.01
0.01
0.01
0.02
0.02
0.02
0.03
0.03
0.02
0.02
0.02
0.02
Tangible Book Value per Share
6,537
12,664
19,073
19,073
20,982
21,936
22,445
22,670
23,728
22,953
24,073
24,417
24,416
Basic Weighted Avg Shares
- -
- -
- -
129
294
402
322
381
870
1,707
2,239
1,895
2,013
Sales/Revenue/Turnover
- -
- -
- -
57.57
41.93
33.08
27.92
23.53
12.83
5.67
5.31
7.74
14.79
Operating Margin (%)
- -
- -
- -
- -
- -
- -
1
1
2
2
3
3
4
Depreciation Expense
-5
-5
-3
43
52
71
36
36
58
-21
-56
-62
-1
Net Income, GAAP
- -
- -
- -
31.63
33.31
36.15
48.6
41.14
27.9
54.09
54.75
49.87
20.96
Effective Tax Rate (%)
- -
- -
- -
33.29
17.86
17.62
11.25
9.49
6.72
-1.21
-2.49
-3.28
-0.04
Profit Margin (%)
-96
6
25
-10
-28
-49
7
114
291
297
115
280
403
Working Capital
3
3
118
64
159
133
125
148
1,078
1,130
1,033
1,494
1,580
LT Debt
20
160
159
190
422
524
564
779
2,025
2,764
2,917
2,925
3,055
Total Equity
- -
- -
- -
16.35
15.98
11.35
5.79
5.34
3.47
1.13
1.19
1.52
4.69
Return on Invested Capital (%)
- -
- -
- -
16.18
11.7
11.42
6.44
6.83
4.21
-0.14
-1.43
-1.49
-0.42
Return on Capital (%)
- -
-5.82
-1.73
24.75
19.27
16.7
7.04
5.6
6.64
-2.14
-6.03
-7.24
-0.1
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
943
567
714
LT Borrowings
1,006
1,450
1,528
LT Finance Leases
40
44
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24,416
24,417
24,417
Market Capitalization
3,087
3,318
4,512

Working Capital

USD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,329
1,400
1,609
Cash, Cash Equivalents & STI
452
377
567
Accounts Receivable, Net
241
333
293
Inventories
404
422
496
Total Current Liabilities
1,378
1,120
1,206
Payables & Accruals
- -
- -
- -
ST Debt
943
567
714
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
41.37%
48.08%
0.28%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-159.5%
21.47%
11.3%
Sales/Revenue/Turnover
- -
51.74%
-15.38%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
541
553
574
571
2,239
2025
502
352
432
608
1,895
2026
620
- -
- -
- -
- -

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 Copper Gold Tbk is an Indonesian holding company engaged in the exploration, extraction, and production of gold, silver, copper, and other minerals through subsidiaries operating across Java, Maluku, Sulawesi, and other regions in Indonesia. The company operates the Tujuh Bukit Gold Mine in Banyuwangi, East Java; the Wetar Copper Mine on Wetar Island, Southwest Maluku, Indonesia's sole producer and exporter of copper cathode; and the Pani Gold Mine in Pohuwato, Gorontalo, Sulawesi, which commenced operations on October 1, 2025, positioning it as one of Indonesia's largest primary gold mines; it is also developing the adjacent Tujuh Bukit Copper Project, an underground mine hosting one of the world's largest undeveloped copper deposits with a potential 30-year mine life. Through its subsidiary PT Merdeka Battery Materials Tbk (MBMA; stock code: MBMA), listed on the Indonesia Stock Exchange, the company produces nickel mining and smelting products integrated with industrial area development in Sulawesi for the global electric vehicle battery supply chain; additional services encompass mining construction, the AIM (Acid, Iron, Metal) plant in Morowali processing Wetar residual ores, metal manufacturing and trading, real estate leasing, and business consulting. Founded in 2012 and listed publicly in 2015 under ticker MDKA.JK, the company, formerly PT Merdeka Sera until its name change in December 2014, maintains headquarters at Treasury Tower in South Jakarta, DKI Jakarta. Recent developments include the Pani Gold Mine's operational launch in October 2025 following over $114 million in investments since 2022 and planned additional $200 million for phase one; ongoing advancement of the Tujuh Bukit Copper Project with $185 million invested since 2018 and production targeted for late 2026; expansion of MBMA's nickel operations including planned high-pressure acid leach (HPAL) facilities in partnership with Tsingshan and GEM to achieve 205 kilotons annual mixed hydroxide precipitate capacity; and the September 2025 initial public offering of subsidiary PT Merdeka Gold Resources Tbk under ticker EMAS, raising Rp4.66 trillion to support growth aligned with MDKA's projects.