PTBA – Commitment to give dividends in 2025

PTBA – Commitment to give dividends in 2025 Bukit Asam (PTBA) is committed to meet its dividend target for the 2024 financial year. Based on the financial memorandum and the 2025 State Budget, state revenue derived from SOE dividends will reach IDR86 tn (+0.2% yoy). Based on the prospectus, PTBA sets a cash dividend policy of at least 30% of profit after tax, unless otherwise specified by the GMS. Note that, PTBA has distributed cash dividends worth IDR4.58 tn or IDR397.71 per share from its 2023 net profit (75% of net profit) in June 2024. This year, PTBA targets coal production of 41.3 mn tons, sales of 43.1 mn tons and transportation of 33.7 mn tons. (Source: Bisnis Indonesia)