1. Indonesia Stocks

  2. •

    Non-energy minerals

  3. •

    Other metals/Minerals
PT Trimegah Bangun Persada Tbk

PT Trimegah Bangun Persada Tbk

IIDX:NCKL
790.00
IDR
+5.00
(+0.64%)
194.78EPS
4.57P/E
49.13TMarket Cap
Nov 26Next Earn
2019 Y
2020 Y
2021 Y
2022 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
109.23
64.53
130.42
- -
151.63
392.27
427.35
470.13
496.71
Basic EPS, GAAP
17.03
1.28
32.91
- -
73.96
92.39
101.1
142.02
170.85
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.01
- -
15.15
- -
8.33
52.53
26.72
30.36
-2.17
Book Value per Share
53.51
62.13
89.4
145.48
150.3
372.39
483.15
613.6
696.52
Tangible Book Value per Share
53.51
62.13
89.4
145.48
150.3
372.39
483.15
613.6
696.52
Basic Weighted Avg Shares
63,099
63,099
63,099
63,099
63,099
60,820
63,099
63,030
63,004
Sales/Revenue/Turnover
6,892,503
4,071,638
8,229,176
- -
9,567,955
23,857,861
26,965,262
29,632,799
31,294,876
Operating Margin (%)
37.43
29.12
42.9
- -
39.24
28.56
25.13
28.36
25.17
Depreciation Expense
48,003
34,777
53,141
- -
25,663
72,013
92,768
92,782
95,940
Net Income, GAAP
1,074,675
80,555
2,076,818
- -
4,666,935
5,618,997
6,379,504
8,951,516
10,763,995
Effective Tax Rate (%)
23.4
23.99
15.21
- -
12.22
13.54
11.05
9.75
9.59
Profit Margin (%)
15.59
1.98
25.24
- -
48.78
23.55
23.66
30.21
34.4
Working Capital
-1,204,945
-4,660,781
-3,931,845
-3,710,795
-3,874,752
2,452,964
7,610,997
7,502,472
7,299,322
LT Debt
2,536,081
2,786,522
2,292,170
9,567,884
9,567,308
6,781,426
9,137,997
7,513,660
6,656,284
Total Equity
5,967,150
8,479,775
9,542,267
13,975,340
14,229,133
28,391,963
36,454,054
46,755,865
52,843,333
Return on Invested Capital (%)
- -
6.59
18.1
- -
14.43
19.63
14.97
14.54
12.79
Return on Capital (%)
- -
1.67
14.06
- -
20.36
15.51
13.66
14.56
17.55
Return on Common Equity (%)
- -
2.21
43.44
- -
50.01
34.07
23.63
25.9
28.14

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,866,830
2,033,828
2,259,466
LT Borrowings
7,513,660
6,987,321
6,656,284
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62,988
62,988
62,988
Market Capitalization
70,861,350
68,341,835
49,130,536

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,159,490
14,737,721
17,833,412
Cash, Cash Equivalents & STI
6,016,371
5,491,597
4,885,730
Accounts Receivable, Net
1,937,881
2,106,771
3,982,114
Inventories
5,875,813
6,801,418
8,581,214
Total Current Liabilities
6,657,018
7,086,954
10,534,090
Payables & Accruals
- -
- -
- -
ST Debt
1,866,830
2,033,828
2,259,466
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.89%
28.26%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
40.32%
Sales/Revenue/Turnover
- -
- -
9.89%
Total Cash Common Dividend
- -
- -
13.53%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,034,165
6,769,720
7,574,520
6,586,857
26,965,262
2025
7,127,752
6,967,379
- -
7,230,219
29,632,799
2026
6,809,824
10,287,454
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.87
28.6
32.22
24.42
101.1
2025
26.27
38.78
- -
39.77
142.02
2026
43.05
49.25
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.84
- -
26.89
-5.02
26.72
2025
- -
- -
- -
-2.17
30.36
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Roy Arman Arfandy
Full Time Employees
11,126
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
Gedung Bank Panin Lt. 2 Jakarta Pusat JK Indonesia 10270
IPO Date
Apr 12, 2023
Website
tbpnickel.com
Similar Companies
MP Materials Corp. (NYSE:MP)
Energy Fuels Inc (AMEX:UUUU)
Freeport-McMoRan, Inc. (NYSE:FCX)
Hindalco Industries Limited (NSE:HINDALCO)
Cameco Corporation (NYSE:CCJ)
Uranium Energy Corp. (AMEX:UEC)
Business
PT Trimegah Bangun Persada Tbk (NCKL.JK), a subsidiary of Harita Group headquartered in Jakarta Indonesia and founded in 2004, engages in nickel mining and downstream processing on Obi Island in North Maluku Province; the company operates under a Mining Business Permit for nickel and associated minerals in Kawasi Village, South Halmahera Regency, with estimated reserves of 301.9 million wet metric tons as of end-2023. It conducts open-pit mining of saprolite and limonite nickel ores, followed by processing through two ferronickel smelters utilizing Rotary Kiln Electric Furnace (RKEF) technology--Megah Surya Pertiwi (MSP) with four production lines and Halmahera Jaya Feronikel (HJF) with eight lines, yielding up to 120,000 tons of ferronickel annually for stainless steel, battery, electronics, transportation, aerospace, and military applications; additionally, through its associate Halmahera Persada Lygend (HPL), it runs Indonesia's pioneering High Pressure Acid Leach (HPAL) refinery with three lines producing 55,000 tons of mixed hydroxide precipitate (MHP) yearly, plus nickel sulfate and cobalt sulfate since early 2023, serving electric vehicle battery raw materials, while a third RKEF smelter advances toward 305,000 tons capacity by mid-2025. Operations emphasize vertical integration, sustainability via dry stacking tailings and slag reuse in construction materials like paving blocks and roads, and national strategic projects including Obi Industrial Estate development since 2020. Recent developments include 2024 expansions with joint ventures PT CKM (40% stake) for limestone processing and PT BBS (via HPL's 94.26% interest) for refining residue handling; increased stake in battery materials associate PT ONC from 10% to 20%; and subsidiary PT GTS acquiring 99% of stone quarrier PT KKT; the company also announced a IDR 400 billion share buyback in May 2024 and advances stainless steel production plans with Lygend under ongoing smelter and refinery capacity builds.