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20260728_TINS_Laporan Informasi dan Fakta Material_32115387_lamp2.pdf
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PRESS RELEASE
UNTUK SEGERA DISIARKAN
TINS Perkuat Momentum Pertumbuhan, Laba Bersih Semester I 2026
Lampaui Target Tahunan
Jakarta, 28 Juli 2026 – PT TIMAH (Persero) Tbk (“Perseroan”; IDX: TINS) hari ini mengumumkan
Laporan Keuangan Konsolidasian untuk periode yang berakhir 30 Juni 2026 dengan
mencatatkan pertumbuhan kinerja keuangan dan operasional yang signifikan.
Kondisi Pasar Timah Global
Pasar timah global sepanjang Semester I 2026 menunjukkan fundamental yang tetap solid di
tengah dinamika ekonomi dan ketidakpastian geopolitik global, serta perkembangan kebijakan
perdagangan internasional yang masih memengaruhi sentimen pasar. Harga timah tetap
berada pada level yang tinggi dibandingkan periode yang sama tahun sebelumnya, didukung
oleh kondisi pasokan global yang masih ketat akibat terbatasnya produksi tambang di sejumlah
negara produsen utama.
Harga rata-rata logam timah Cash Settlement Price di London Metal Exchange (LME) selama
Semester I 2026 tercatat sebesar USD50.319,19 per metrik ton, meningkat 56,68%
dibandingkan dengan periode yang sama tahun sebelumnya sebesar USD32.115,77 per metrik
ton. Penguatan harga tersebut mencerminkan fundamental pasar timah yang tetap solid,
meskipun pergerakannya masih dipengaruhi oleh dinamika pasokan serta perkembangan
kondisi ekonomi global.
Seiring berjalannya Semester I 2026, kondisi pasokan timah global mulai menunjukkan
perbaikan yang ditandai dengan meningkatnya persediaan logam di gudang LME serta
pemulihan produksi di beberapa wilayah. Persediaan timah di gudang LME pada akhir Juni 2026
tercatat sebesar 8.575 ton, meningkat 58,36% dibandingkan posisi awal tahun 2026 sebesar
5.415 ton.
Di sisi permintaan, fundamental pasar timah global tetap terjaga dengan struktur konsumsi
yang masih didominasi oleh segmen solder yang menyumbang sekitar 50% dari total konsumsi
dunia, terutama untuk industri semikonduktor dan elektronik. Prospek permintaan
diperkirakan tetap positif seiring berlanjutnya transformasi digital dan transisi energi global
yang mendorong peningkatan investasi pada kecerdasan buatan (Artificial Intelligence/AI),
pusat data (data center), kendaraan listrik (electric vehicle), sistem penyimpanan energi (energy
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storage), serta infrastruktur kelistrikan. Perkembangan tersebut diperkirakan akan semakin
memperkuat peran timah sebagai bahan baku strategis dalam berbagai aplikasi teknologi
modern.
Berdasarkan CRU Tin Monitor, produksi logam timah global pada Semester I 2026 tercatat
sebesar 173.536 ton, sedangkan konsumsi logam timah global mencapai 179.256 ton. Kondisi
tersebut menunjukkan bahwa pasar timah global masih berada dalam kondisi defisit pasokan
(supply deficit), yang diperkirakan menjadi faktor penopang prospek industri timah pada
Semester II 2026.
Kinerja Keuangan
Perseroan membukukan pendapatan sebesar Rp10,42 triliun pada Semester I 2026, meningkat
247% dibandingkan Semester I 2025 sebesar Rp4,22 triliun. Peningkatan tersebut didorong
oleh kenaikan volume penjualan serta meningkatnya harga jual rata-rata logam timah di tengah
kondisi pasar yang masih kondusif.
Sejalan dengan pertumbuhan pendapatan, Perseroan berhasil membukukan laba usaha
sebesar Rp3,48 triliun, meningkat signifikan dibandingkan Semester I 2025 sebesar Rp0,38
triliun. Perseroan juga mencatatkan EBITDA sebesar Rp3,90 triliun, meningkat 363%
dibandingkan EBITDA Semester I 2025 sebesar Rp0,84 triliun. Sementara itu, laba bersih
Perseroan pada Semester I 2026 mencapai Rp2,71 triliun, melampaui target laba bersih
Perseroan tahun 2026 sebesar Rp1,61 triliun atau setara 169% dari target.
Dari sisi posisi keuangan, nilai aset Perseroan pada Semester I 2026 meningkat 21% menjadi
Rp16,45 triliun dibandingkan posisi akhir tahun 2025 sebesar Rp13,64 triliun. Posisi liabilitas
tercatat sebesar Rp5,90 triliun, meningkat 13% dibandingkan posisi akhir tahun 2025 sebesar
Rp5,23 triliun. Sementara itu, ekuitas Perseroan meningkat 25% menjadi Rp10,55 triliun dari
Rp8,41 triliun pada akhir tahun 2025, didukung oleh pencapaian laba bersih selama Semester I
2026.
Kinerja keuangan Perseroan juga tercermin dari peningkatan profitabilitas yang signifikan. Pada
Semester I 2026, Perseroan membukukan Operating Margin sebesar 33,24% (1H25: 9,01%),
EBITDA Margin sebesar 37,39% (1H25: 19,92%), dan Net Profit Margin sebesar 26,05% (1H25:
7,11%). Selain itu, Perseroan mencatatkan Return on Assets (ROA) sebesar 16,50% (1H25:
2,20%) dan Return on Equity (ROE) sebesar 25,74% (1H25: 3,57%), yang menunjukkan
kemampuan Perseroan dalam mengoptimalkan pemanfaatan aset dan modal untuk
menciptakan nilai tambah bagi pemegang saham.
Kinerja Operasi
Perseroan mencatatkan peningkatan kinerja operasional yang signifikan sepanjang Semester I
2026. Produksi bijih timah mencapai 12.232 ton Sn, meningkat 75% dibandingkan periode yang
sama tahun sebelumnya sebesar 6.997 ton Sn. Peningkatan produksi tersebut didorong oleh
optimalisasi produktivitas dan penambahan unit operasi pada sejumlah objek produksi,
meliputi Kapal Isap Produksi (KIP), Ponton Isap Produksi (PIP), serta tambang darat kemitraan
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yang terdiri atas Tambang Kecil dan Tambang Ponton Isap Darat.
Kinerja operasional tersebut juga didukung oleh berbagai langkah optimalisasi yang dilakukan
secara konsisten. Pada penambangan darat, Perseroan meningkatkan jumlah unit operasi serta
memperkuat kegiatan eksplorasi melalui pelaksanaan bor pandu guna memastikan arah
penggalian yang lebih presisi dan sesuai dengan blok Rencana Kerja yang telah ditetapkan.
Pada penambangan laut, Perseroan mengoptimalkan kinerja operasional KIP, mengoperasikan
1 (satu) unit Kapal Keruk (KK) Singkep 1, meningkatkan produktivitas PIP, serta mengoptimalkan
fasilitas Sisa Hasil Pengolahan (SHP) untuk meningkatkan efektivitas proses pengolahan. Selain
itu, kinerja produksi juga didukung oleh penguatan pengawasan dan pengamanan Wilayah Izin
Usaha Pertambangan (WIUP) dan area produksi, termasuk dukungan Satuan Tugas (Satgas)
Pemerintah Pusat dalam menjaga kondusivitas kegiatan operasional.
Sejalan dengan peningkatan produksi bijih timah, Perseroan membukukan produksi logam
timah sepanjang Semester I 2026 sebesar 10.865 metrik ton Sn, meningkat 58% dibandingkan
Semester I 2025 sebesar 6.870 metrik ton Sn. Adapun penjualan logam timah mencapai 10.984
metrik ton, meningkat 85% dibandingkan periode yang sama tahun sebelumnya sebesar 5.933
metrik ton. Peningkatan volume penjualan tersebut turut didukung oleh optimalisasi
pengelolaan persediaan logam timah untuk memenuhi permintaan pasar.
Sementara itu, harga jual rata-rata logam timah sepanjang Semester I 2026 mencapai
USD49.794 per metrik ton, meningkat 52% dibandingkan Semester I 2025 sebesar USD32.816
per metrik ton, sejalan dengan masih kuatnya harga timah di pasar global.
Pada Semester I 2026, penjualan logam timah Perseroan masih didominasi oleh pasar ekspor
yang berkontribusi sebesar 97% dari total penjualan, sedangkan pasar domestik sebesar 3%.
Adapun enam negara tujuan ekspor utama meliputi China sebesar 36%, India 12%, Korea
Selatan 11%, Singapura 6%, Belanda 5%, dan Italia 5%. Komposisi penjualan tersebut
menunjukkan tetap kuatnya daya saing produk timah Perseroan di pasar internasional serta
kepercayaan pelanggan global terhadap kualitas produk dan keandalan pasokan Perseroan.
Prospek Usaha dan Strategi Perseroan
Perseroan optimistis dapat mempertahankan momentum kinerja positif pada Semester II 2026
seiring dengan prospek industri timah global yang masih didukung pertumbuhan permintaan
dari sektor elektronik, semikonduktor, kendaraan listrik, pusat data, dan teknologi berbasis
kecerdasan buatan.
Untuk mendukung pertumbuhan yang berkelanjutan, Perseroan secara konsisten
melaksanakan kegiatan eksplorasi di darat maupun di laut guna memastikan keberlangsungan
sumber daya dan cadangan mineral timah. Hingga Semester I 2026, Perseroan mencatat
sumber daya timah sebesar 798 ribu ton dan cadangan timah sebesar 312 ribu ton sebagai
fondasi keberlanjutan kegiatan operasional serta pengembangan usaha Perseroan. Ke depan,
Perseroan akan terus meningkatkan produktivitas, mengoptimalkan aset, meningkatkan
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efektivitas biaya, memperkuat tata kelola pertambangan, serta menerapkan praktik
pertambangan yang baik dan berkelanjutan (good mining practices).
“Kinerja Perseroan pada Semester I 2026 menunjukkan bahwa strategi transformasi
operasional dan bisnis yang dijalankan Perseroan mampu menghasilkan pertumbuhan yang
berkualitas di tengah dinamika industri global. Peningkatan produktivitas, disiplin dalam
pengelolaan biaya, serta optimalisasi operasi menjadi faktor utama yang mendorong
pencapaian tersebut. Ke depan, Perseroan akan terus memperkuat fundamental usaha melalui
kegiatan eksplorasi yang berkelanjutan, penguatan tata kelola pertambangan, serta
peningkatan efisiensi operasional guna memastikan pertumbuhan yang berkelanjutan dan
penciptaan nilai jangka panjang bagi pemegang saham serta seluruh pemangku kepentingan,“
ujar Restu Widiyantoro, Direktur Utama PT TIMAH (Persero) Tbk.
--- selesai ---
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Sekilas PT TIMAH (Persero) Tbk
PT TIMAH (Persero) Tbk merupakan anggota Holding Industri Pertambangan Indonesia MIND
ID dan salah satu perusahaan pertambangan timah terintegrasi terkemuka di dunia. Perseroan
menjalankan kegiatan usaha pertambangan timah yang terintegrasi, mulai dari eksplorasi,
penambangan, peleburan dan pemurnian, hilirisasi, hingga pemasaran produk logam timah
untuk memenuhi kebutuhan pelanggan di pasar domestik maupun internasional. Wilayah
operasional Perseroan tersebar di Provinsi Kepulauan Bangka Belitung, Kepulauan Riau, dan
Riau.
Didirikan sebagai Perseroan Terbatas pada tahun 1976 dan tercatat di Bursa Efek Indonesia
sejak tahun 1995 dengan kode saham TINS, Perseroan memiliki produk logam timah bermerek
Banka Tin, Mentok Tin, dan Kundur Tin yang telah terdaftar di London Metal Exchange (LME)
serta dipasarkan ke berbagai negara di dunia.
Perseroan terus mengembangkan empat lini bisnis utama, yaitu pertambangan timah, hilirisasi
timah (tin chemical dan tin solder), pertambangan non‐timah (batubara dan nikel), serta bisnis
berbasis kompetensi yang meliputi properti, galangan kapal, dan agribisnis. Sebagai anggota
International Tin Association (ITA), Perseroan berkomitmen menerapkan praktik
pertambangan yang baik (good mining practices), tata kelola perusahaan yang baik (good
corporate governance), serta prinsip-prinsip keberlanjutan guna menciptakan nilai tambah
yang berkelanjutan bagi pemegang saham dan seluruh pemangku kepentingan.
Untuk keterangan lebih lanjut dapat menghubungi:
Ruddy Nursalam
Division Head of Corporate Secretary
Telepon : +62 (21) 23528000 / +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH (Persero) Tbk
Ikhtisar Unjuk Kerja
H1 2026 dan H1 2025
H1 2026 H1 2025 Perubahan (%)
Keterangan
a b (a-b)/b
Produksi Bijih Timah (ton Sn) 12.232 6.997 75%
Darat 4.716 2.397 97%
Laut 7.516 4.600 63%
Produksi Logam Timah (metrik ton) 10.865 6.870 58%
Penjualan Logam Timah (metrik ton) 10.984 5.933 85%
Harga Jual Rata-Rata (USD/metrik ton) 49.794 32.816 52%
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PRESS RELEASE
FOR IMMEDIATE RELEASE
TINS Strengthens Growth Momentum, First-Half 2026 Net Profit
Exceeds Full-Year Target
Jakarta, 28 July 2026 – PT TIMAH (Persero) Tbk (“the Company”; IDX: TINS) today announced
its Consolidated Financial Statements for the period ended 30 June 2026, reporting significant
growth in both financial and operational performance.
Global Tin Market Conditions
The global tin market remained fundamentally strong throughout the first half of 2026 despite
ongoing economic volatility, geopolitical uncertainty, and developments in international trade
policies, which continued to influence market sentiment. Tin prices remained well above the
level recorded in the corresponding period last year, supported by tight global supply due to
constrained mine production in several major producing countries.
The average Cash Settlement Price for tin on the London Metal Exchange (LME) during the first
half of 2026 reached USD50,319.19 per metric ton, representing an increase of 56.68%
compared with USD32,115.77 per metric ton in the corresponding period last year. The higher
price environment reflected the continued strength of underlying tin market fundamentals,
although prices remained sensitive to supply dynamics and broader macroeconomic
developments.
During the first half of 2026, global tin supply conditions showed signs of improvement, as
reflected in rising inventories at LME warehouses and recovering production in several regions.
Tin inventories in LME warehouses stood at 8,575 tons at the end of June 2026, representing
an increase of 58.36% from 5,415 tons at the beginning of the year.
On the demand side, global tin market fundamentals remained resilient, as the solder segment
continued to account for approximately 50% of global tin consumption, primarily driven by the
semiconductor and electronics industries. Demand prospects are expected to remain positive,
supported by ongoing digital transformation and the global energy transition, which continue
to support investment in artificial intelligence (AI), data centers, electric vehicles (EVs), energy
storage systems, and power infrastructure. These trends are expected to reinforce tin as a
critical raw material for a broad range of advanced technology applications.
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According to the CRU Tin Monitor, global refined tin production during the first half of 2026
totaled 173,536 tons, while global refined tin consumption reached 179,256 tons. This indicates
that the global tin market remained in supply deficit, providing a supportive backdrop for the
industry’s outlook in the second half of 2026.
Financial Performance
The Company generated consolidated revenue of IDR10.42 trillion in the first half of 2026, an
increase of 247% compared with IDR4.22 trillion in the corresponding period of 2025. The
strong performance was driven by higher sales volumes and an increase in the average selling
price of refined tin amid favorable market conditions.
In line with revenue growth, the Company posted operating profit of IDR3.48 trillion, a
significant improvement from IDR0.38 trillion in the first half of 2025. EBITDA reached IDR3.90
trillion, up 363% from IDR0.84 trillion in the same period last year. Meanwhile, net profit
reached IDR2.71 trillion, exceeding the Company’s full-year 2026 net profit target of IDR1.61
trillion, or 169% of annual target.
The Company’s financial position also strengthened during the period. Total assets increased
by 21% to IDR16.45 trillion from IDR13.64 trillion at the end of 2025. Total liabilities increased
to IDR5.90 trillion, up 13% from IDR5.23 trillion, while total equity increased by 25% to IDR10.55
trillion from IDR8.41 trillion, supported by strong earnings delivered during the first half of
2026.
The Company’s improved financial performance was reflected in significantly stronger
profitability. Operating Margin increased to 33.24% (1H25: 9.01%), EBITDA Margin rose to
37.39% (1H25: 19.92%), and Net Profit Margin reached 26.05% (1H25: 7.11%). The Company
also recorded Return on Assets (ROA) of 16.50% (1H25: 2.20%) and Return on Equity (ROE) of
25.74% (1H25: 3.57%), reflecting the Company’s ability to efficiently utilize its assets and
shareholders’ equity to generate sustainable value.
Operational Performance
The Company delivered strong operational performance throughout the first half of 2026. Tin
ore production reached 12,232 tons Sn, representing an increase of 75% compared with 6,997
tons Sn in the corresponding period last year. The increase was driven by improved productivity
together with the expansion of operating units across several mining areas, including
Production Suction Dredgers (KIP), Production Suction Pontoons (PIP), as well as onshore
partnership mining operations comprising Small-Scale Mines and Onshore Suction Pontoon
Mines.
Operational performance was further supported by a series of optimization initiatives
implemented consistently throughout the period. In onshore mining operations, the Company
expanded the number of operating units and strengthened exploration activities through scout
drilling to improve mining precision and ensure alignment with approved Work Plan blocks.
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In offshore mining operations, the Company optimized the performance of its production
Suction Dredger (KIP), operated one Cutter Suction Dredger (KK Singkep 1), improved the
productivity of Production Suction Pontoons (PIP), and optimized the utilization of Processing
Residue (SHP) facilities to enhance processing efficiency. Production performance was also
supported by enhanced supervision and security across the Company’s Mining Business License
Areas (WIUP) and operational sites, including the support of the Central Government Task
Force in maintaining a secure and conducive operating environment.
In line with higher ore production, refined tin production reached 10,865 metric tons Sn, an
increase of 58% compared with 6,870 metric tons Sn in the first half of 2025. Refined tin sales
totaled 10,984 metric tons, increasing 85% from 5,933 metric tons in the corresponding period
last year. The increase in sales volume was also supported by optimized inventory management
to meet market demand.
The Company’s average selling price reached USD49,794 per metric ton, representing an
increase of 52% compared with USD32,816 per metric ton in the first half of 2025, in line with
continued strength in global tin prices.
Export markets continued to account for 97% of total refined tin sales during the first half of
2026, while domestic sales represented 3%. The Company’s six largest export destinations were
China (36%), India (12%), South Korea (11%), Singapore (6%), the Netherlands (5%), and Italy
(5%). This geographical sales mix reflects the continued competitiveness of the Company’s tin
products in international markets and the confidence of global customers in the quality and
reliability of the Company’s supply.
Business Outlook and Corporate Strategy
The Company remains optimistic about sustaining its positive performance momentum in the
second half of 2026, supported by favorable global tin industry prospects driven by continued
demand growth from the electronics, semiconductor, electric vehicle, data center, and artificial
intelligence sectors.
To support sustainable growth, the Company continues to undertake exploration activities
across both onshore and offshore mining areas to ensure the long-term sustainability of its tin
mineral resources and reserves. As of the end of the first half of 2026, the Company reported
798 thousand tons of tin resources and 312 thousand tons of tin reserves, providing a solid
resource base to support sustainable operations and future growth. Going forward, the
Company will continue to enhance productivity, further optimize asset utilization, improve cost
efficiency, strengthen mining governance, and consistently implement good mining practices
to support sustainable long-term growth.
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“Our performance in the first half of 2026 demonstrates that the Company’s operational and
business transformation strategy has delivered sustainable, high-quality growth despite a
dynamic global operating environment. Improved productivity, disciplined cost management,
and operational excellence were the key drivers of this achievement. Going forward, we will
continue to strengthen our business fundamentals through sustainable exploration, enhanced
mining governance, and greater operational efficiency to ensure sustainable growth and deliver
sustainable long-term value for our shareholders and all stakeholders,“ said Restu Widiyantoro,
President Director of PT TIMAH (Persero) Tbk.
--- Finished ---
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About PT TIMAH (Persero) Tbk
PT TIMAH (Persero) Tbk is a member of MIND ID, Indonesia’s State-Owned Mining Industry
Holding, and one of the world’s leading integrated tin mining companies. The Company
operates an integrated tin mining business across the entire value chain—from exploration,
mining, smelting and refining, and downstream processing to the marketing of refined tin
products—serving customers across both domestic and international markets. Its operations
are located across the provinces of Bangka Belitung Islands, Riau Islands, and Riau.
Established as a limited liability Company in 1976 and listed on the Indonesia Stock Exchange
(IDX) since 1995 under the ticker symbol TINS, the Company produces three internationally
recognized refined tin products—Banka Tin, Mentok Tin, and Kundur Tin—all of which are
registered with the London Metal Exchange (LME) and marketed worldwide.
The Company continues to develop four core business segments: tin mining; tin downstream
businesses (tin solder and tin chemicals); non-tin mining (coal and nickel); and competency-
based supporting businesses, including property, shipbuilding, and agribusiness. As a member
of the International Tin Association (ITA), the Company is committed to implementing good
mining practices, good corporate governance, and sustainability principles to create long-term
value for shareholders and all stakeholders.
For further information, please contact:
Ruddy Nursalam
Division Head of Corporate Secretary
Telephone : +62 (21) 23528000 / +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH (Persero) Tbk
Performance Highlights
1H 2026 and 1H 2025
1H 2026 1H 2025 Change (%)
Description
a b (a-b)/b
Tin Ore Production (tons Sn) 12,232 6,997 75%
Onshore 4,716 2,397 97%
Offshore 7,516 4,600 63%
Refined Tin Production (metric tons) 10,865 6,870 58%
Refined Tin Sales (metric tons) 10,984 5,933 85%
Average Selling Price (USD/metric ton) 49,794 32,816 52%
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