Indonesia · Delayed Price · Currency is IDR PT Bumi Resources Tbk Earnings Call Transcripts
Fiscal Year 2026
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FY2024 saw lower coal production and prices, but cost efficiencies and a new royalty regime are expected to improve profitability. Production guidance for 2025 is higher, with stable costs anticipated. The quasi-reorganization aims to enable future dividends, pending regulatory approval.
Fiscal Year 2025
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Coal production and prices declined year-over-year due to weather and market trends, but cost reductions and diversification into metals and bauxite are underway. Revenue and profit fell, though cash remains strong and further M&A is planned.
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First half 2025 saw lower coal production and prices due to oversupply and weather, but cost reductions and operational improvements helped offset impacts. Diversification into gold and copper is underway, with the Wolfram project in Australia progressing and asset acquisitions financed by bonds.
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Q1 2025 saw lower coal production and prices due to heavy rainfall and global market trends, but cost efficiencies and lower oil prices supported EBITDA. The company maintains strong liquidity, expects royalty rate reductions to benefit future earnings, and is progressing on a quasi-reorganization to enable dividends.