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  2. •

    Energy

  3. •

    Coal
PT Bukit Asam Tbk

PT Bukit Asam Tbk

TBNGY
PT Bukit Asam TbkUS flagOther OTC
3.97
USD
- -
- -
1.83BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25,241.02
30,076.25
31,997.07
33,345.27
46,182.01
50,206.34
49,866.68
38,721.95
64,921.94
92,817.56
83,764.62
92,907.06
92,554.87
94,609.09
Basic EPS, GAAP
4,112.13
4,279.26
4,705.11
4,758.34
10,617.37
11,916.38
9,285.27
5,334.56
17,547.82
27,351.25
13,288.38
11,087.85
6,358.05
8,476.21
Free Cash Flow per Basic Share
-2,510.93
-1,665.63
-1,588.25
-695.92
-1,819.04
-2,133.05
-2,960.5
-1,624.79
-2,105.42
-1,969.18
-2,197.13
-2,676.28
-7,606.7
-3,912.55
Dividend per Share
3,591.78
2,309.84
1,630.82
1,448.65
1,427.5
7,963.31
8,623.98
8,160.46
1,853.46
17,212.88
27,351.25
9,948.75
8,306.36
- -
Book Value per Share
6,260.59
6,703.67
6,324.37
6,088.11
10,344.21
13,027.4
10,250.74
6,575.93
21,154.93
29,845.11
14,017.33
15,252.17
14,523.19
8,991.85
Tangible Book Value per Share
17,026.47
19,605.68
21,228.16
24,786.42
32,489.14
38,348.24
41,931.94
37,631.11
53,584.87
62,708.81
46,706.55
48,972.01
48,857.28
42,735.9
Basic Weighted Avg Shares
444
435
433
422
422
422
437
447
451
459
459
460
461
461
Sales/Revenue/Turnover
11,209,219
13,077,962
13,845,199
14,058,869
19,471,030
21,166,993
21,787,564
17,325,192
29,261,468
42,648,590
38,488,867
42,764,968
42,651,724
43,574,513
Operating Margin (%)
19.21
15.67
17.44
17.74
30.12
29.4
22.77
14.28
33.64
34.15
17.49
12.22
6.91
9.09
Depreciation Expense
33,751
78,759
145,943
175,244
178,841
169,724
171,109
202,941
266,025
266,152
311,751
299,008
300,136
307,107
Net Income, GAAP
1,826,144
1,860,738
2,035,911
2,006,188
4,476,444
5,023,946
4,056,888
2,386,819
7,909,113
12,567,582
6,105,856
5,103,720
2,929,957
3,903,926
Effective Tax Rate (%)
24.66
22.79
23.53
24.94
25.06
24.68
25.93
25.49
22.41
21.13
22.83
17.89
21.57
15.6
Profit Margin (%)
16.29
14.23
14.7
14.27
22.99
23.73
18.62
13.78
27.03
29.47
15.86
11.93
6.87
8.96
Working Capital
4,252,310
3,835,799
2,675,743
3,307,180
6,721,126
6,490,982
6,988,633
4,491,899
10,710,853
13,730,368
5,180,255
3,258,694
1,514,066
199,322
LT Debt
- -
961,753
670,172
750,979
532,543
460,348
308,710
399,943
626,310
770,524
743,665
368,260
1,532,693
292,810
Total Equity
7,561,239
8,525,078
9,287,547
10,552,405
13,799,985
16,269,696
18,422,826
16,939,196
24,253,724
28,916,046
21,563,196
22,643,812
22,616,801
19,785,134
Return on Invested Capital (%)
19.6
17.01
16.62
15.37
30.91
28.43
19.94
9.84
33.98
39.17
18.74
17.44
8.75
14.62
Return on Capital (%)
55.5
45.89
42.43
42.26
84.65
82.68
69.66
52.11
106.13
95.67
51.89
60.31
30.61
61.14
Return on Common Equity (%)
59.17
65.34
72.05
75.66
129.23
101.97
81.37
64.33
126.78
108.12
60.59
75.83
42.73
95.75

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,882,773
1,710,684
936,186
LT Borrowings
- -
- -
1,860
LT Finance Leases
368,260
295,298
290,950
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11,514
11,514
11,514
Market Capitalization
31,497,187
30,704,953
29,714,470

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
15,233,514
14,253,337
15,876,625
Cash, Cash Equivalents & STI
4,800,980
5,297,534
4,469,455
Accounts Receivable, Net
5,030,071
4,358,395
5,566,811
Inventories
4,869,337
4,309,453
4,348,823
Total Current Liabilities
11,974,820
11,994,917
15,677,303
Payables & Accruals
- -
- -
- -
ST Debt
1,882,773
1,710,684
936,186
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.93%
8.37%
-0.12%
Free Cash Flow
36.54%
48.81%
184.55%
Net Income, GAAP
25.33%
35.97%
-42.59%
Sales/Revenue/Turnover
14.7%
23.15%
-0.26%
Total Cash Common Dividend
120.06%
149.71%
-16.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,409,583
10,233,263
11,013,087
12,109,035
42,764,968
2025
9,958,441
10,493,950
11,321,428
- -
42,651,724
2026
9,929,722
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,721.35
- -
- -
- -
11,087.85
2025
849.98
- -
- -
- -
6,358.05
2026
1,739.9
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9,948.75
2025
- -
- -
- -
- -
8,306.36
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Arsal Ismail
Full Time Employees
1,675
Sector
Energy
Industry
Coal
Address
Jl. Parigi No. 1 Tanjung Enim Selatan Indonesia 31716
IPO Date
Feb 22, 2011
Website
ptba.co.id
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Business
PT Bukit Asam Tbk (TBNGY) operates as an integrated coal mining company primarily engaged in the exploration, development, processing, and sale of coal and coal-related products in Indonesia. The company produces thermal coal, metallurgical coal, and coal derivatives including coal gas, liquid coal products, and coal-based fertilizers; it also provides mining services such as overburden removal, coal haulage, and equipment maintenance, alongside power generation from coal-fired plants and logistics support through port and rail operations. PT Bukit Asam Tbk serves domestic power producers, industrial users, and export markets across Asia, with primary operations concentrated in South Sumatra and expanding into other Indonesian provinces. Founded in 1950 and headquartered in Tanjung Enim, South Sumatra, Indonesia, the company functions as a key subsidiary of PT Bumi Resources Tbk, focusing on the coal mining segment within the broader energy and natural resources industry. Its target customers include state-owned electricity enterprises like PLN, cement manufacturers, and international coal traders, with geographic operations spanning Indonesia and exports to countries in Southeast Asia, China, and India. The company maintains strategic stakes in subsidiaries such as PT Tambang Batubara Bukit Asam and PT Bukit Asam Energi Prima for mining and energy ventures. In recent developments, PT Bukit Asam Tbk expanded its production capacity through the commissioning of new open-pit mines and investments in underground mining technology in 2024, aiming to boost output to over 30 million tons annually. The company formed a strategic partnership with PT PLN (Persero) in early 2025 for joint coal supply and power plant development, alongside securing a $200 million syndicated loan for mine rehabilitation and green coal initiatives. Additionally, it launched a new coal-to-chemicals facility in mid-2025, diversifying into synthetic fuels, and acquired a 20% stake in a regional logistics firm to enhance export capabilities.