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PT Trimegah Bangun Persada Tbk

PT Trimegah Bangun Persada Tbk

NCKL.JK
PT Trimegah Bangun Persada TbkID flagIndonesia Stock Exchange
795.00
IDR
-10.00
- -
50.08TMarket Cap
PT Trimegah Bangun Persada Tbk
NCKL.JK
(Indonesia Stock Exchange)

Recent

price

795.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2022
2023
2024
2025
TTM
FRC
109.23
64.53
130.42
- -
151.63
392.27
427.35
470.13
447.95
Revenue per Share
17.03
1.28
32.91
- -
73.96
92.39
101.1
142.02
121.68
Basic EPS, GAAP
-66.33
-82.03
-109.06
- -
-101.6
-73.79
-20.69
-14.9
-20.97
Free Cash Flow per Basic Share
2.01
- -
15.15
- -
8.33
52.53
26.72
30.36
21.88
Dividend per Share
32.09
36.56
67.76
- -
112.96
199.58
291.03
403.03
325.72
Book Value per Share
94.57
134.39
151.23
- -
225.51
466.82
577.73
741.8
629.44
Tangible Book Value per Share
63,099
63,099
63,099
- -
63,099
60,820
63,099
63,030
63,080
Basic Weighted Avg Shares
6,892,503
4,071,638
8,229,176
- -
9,567,955
23,857,861
26,965,262
29,632,799
28,256,508
Sales/Revenue/Turnover
37.43
29.12
42.9
- -
39.24
28.56
25.13
28.36
27.69
Operating Margin (%)
48,003
34,777
53,141
- -
25,663
72,013
92,768
92,782
96,004
Depreciation Expense
1,074,675
80,555
2,076,818
- -
4,666,935
5,618,997
6,379,504
8,951,516
7,675,418
Net Income, GAAP
23.4
23.99
15.21
- -
12.22
13.54
11.05
9.75
9.49
Effective Tax Rate (%)
15.59
1.98
25.24
- -
48.78
23.55
23.66
30.21
27.16
Profit Margin (%)
-1,204,945
-4,660,781
-3,931,845
-3,710,795
-3,874,752
2,452,964
7,610,997
7,502,472
4,217,743
Working Capital
2,536,081
2,786,522
2,292,170
9,567,884
9,567,308
6,781,426
9,137,997
7,513,660
8,300,102
LT Debt
5,967,150
8,479,775
9,542,267
13,975,340
14,229,133
28,391,963
36,454,054
46,755,865
39,704,813
Total Equity
- -
6.29
17.91
- -
13.6
19.04
14.16
14.57
15.6
Return on Invested Capital (%)
- -
1.87
15.46
- -
22.62
20.02
18.94
19.3
19.95
Return on Capital (%)
- -
3.72
63.1
- -
67.06
58.33
41.83
40.91
45.42
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,678,891
1,731,238
1,702,605
LT Borrowings
9,130,190
8,850,647
8,294,208
LT Finance Leases
7,807
7,005
5,894
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
63,099
63,066
63,046
Market Capitalization
47,639,443
43,525,092
41,632,696

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
13,464,563
15,203,418
12,053,783
Cash, Cash Equivalents & STI
6,486,402
7,700,216
4,314,362
Accounts Receivable, Net
1,541,484
2,699,348
1,561,761
Inventories
5,158,144
4,512,492
5,774,810
Total Current Liabilities
5,853,566
6,132,739
7,836,040
Payables & Accruals
- -
- -
- -
ST Debt
1,678,891
1,731,238
1,702,605
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
40.89%
28.26%
Free Cash Flow
- -
- -
-28.03%
Net Income, GAAP
- -
- -
40.32%
Sales/Revenue/Turnover
- -
- -
9.89%
Total Cash Common Dividend
- -
- -
13.53%

Quarterly Revenue

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.87
- -
- -
- -
101.1
2025
26.27
- -
- -
- -
142.02
2026
43.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.84
- -
- -
- -
26.72
2025
- -
- -
- -
- -
30.36
2026
- -
- -
- -
- -
- -
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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.