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20250731_TINS_Laporan Informasi dan Fakta Material_31929105_lamp2.pdf
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PRESS RELEASE
UNTUK SEGERA DISIARKAN
TINS Bukukan Laba Bersih Rp300 Miliar di Semester I 2025
Jakarta, 31 Juli 2025 – PT TIMAH Tbk (“Perseroan”; IDX: TINS) hari ini mengumumkan Laporan
Keuangan Konsolidasian untuk periode yang berakhir 30 Juni 2025.
Harga timah pada semester I 2025 menunjukkan tren stabilisasi setelah mengalami gejolak
hebat di awal tahun 2025. Harga Timah London Metal Exchange (LME) masih didukung oleh
stok yang ketat dan pasokan terbatas karena tambang Man Maw di Myanmar masih offline
hingga Agustus dan smelter Pulau Indah di Malaysia belum beroperasi penuh. Selain itu, ekspor
timah Indonesia menunjukkan pemulihan signifikan, naik 177% dalam enam bulan pertama
tahun ini dibandingkan periode yang sama di tahun 2024.
Permintaan global terhadap logam timah, khususnya dari industri elektronik seperti tin solder
dan tin chemical, tetap tinggi. Hal ini terutama didorong oleh kebutuhan dari pasar Jepang dan
Tiongkok. Namun, ketidakpastian kebijakan tarif perdagangan dari Amerika Serikat berpotensi
memberikan tekanan terhadap permintaan global. Meskipun demikian, harga timah cenderung
stabil karena permintaan global yang cukup kuat, meskipun tetap ada risiko fluktuasi akibat
faktor geopolitik dan terbatasnya pasokan. Hingga akhir Juni 2025, Persediaan timah di gudang
LME berada pada posisi 2.220 ton, turun 53,3% dari awal tahun 2025 di posisi 4.760 ton.
Berdasarkan CRU Tin Monitor, pertumbuhan produksi logam timah global di semester I 2025
diperkirakan naik 10,5% (YoY) menjadi 192.611 ton. Sedangkan konsumsi logam timah global
di semester I 2025 diperkirakan naik 3,9% (YoY) menjadi 191.163 ton.
Kinerja Operasi
Sampai dengan semester I 2025, TINS mencatat produksi bijih timah sebesar 6.997 ton Sn atau
turun 32% dibandingkan periode yang sama tahun sebelumnya sebesar 10.279 ton Sn. Hal
tersebut disebabkan oleh beberapa faktor diantaranya belum optimalnya aktivitas
penambangan baik di darat maupun di laut, terdampak cuaca angin utara dan angin tenggara,
kondisi cadangan tidak menerus (spotted), dan masih terjadinya aktivitas penambangan ilegal.
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Adapun produksi logam timah turun 29% menjadi 6.870 metrik ton dibandingkan periode yang
sama tahun sebelumnya sebesar 9.675 metrik ton. Sedangkan penjualan logam timah turun
28% menjadi 5.983 metrik ton dibandingkan periode yang sama tahun sebelumnya sebesar
8.299 metrik ton. Harga jual rata-rata logam timah sebesar USD32.816 per metrik ton, naik 8%
dibandingkan periode yang sama tahun sebelumnya sebesar USD30.397 per metrik ton.
Pada semester I 2025, Perseroan mencatatkan penjualan logam timah domestik sebesar 8%
dan ekspor logam timah sebesar 92% dengan 6 besar negara tujuan ekspor meliputi Jepang
20%; Korea Selatan 19%; Singapura 16%; Belanda 10%; Italia 5%; dan India 4%.
Kinerja Keuangan
Di semester I 2025 Perseroan membukukan pendapatan sebesar Rp4,22 triliun turun 19,0%
dari periode yang sama tahun sebelumnya sebesar Rp5,21 triliun seiring dengan penurunan
volume penjualan logam timah. Beban pokok pendapatan Perseroan turun 15,6% dari Rp4,00
triliun di semester I 2024 menjadi Rp3,37 triliun di semester I 2025.
Perseroan membukukan laba usaha sebesar Rp380 miliar lebih rendah dari semester I 2024
sebesar Rp687 miliar dengan pencapaian EBITDA sebesar Rp838 miliar atau lebih rendah 31%
dari semester I 2024 sebesar Rp1,21 triliun. Perseroan membukukan laba bersih di semester I
2025 sebesar Rp300,07 miliar atau 93% dari target yang sudah ditentukan Perseroan yaitu
Rp322,64 miliar.
Nilai aset Perseroan pada semester I 2025 turun 4% menjadi Rp12,33 triliun dari Rp12,80 triliun
pada akhir tahun 2024. Sedangkan posisi liabilitas Perseroan sebesar Rp5,03 triliun, turun 6%
dibandingkan posisi akhir tahun 2024 sebesar Rp5,35 triliun dikarenakan pembelian kembali
seluruh medium term notes.
Posisi ekuitas sebesar Rp7,29 triliun mengalami penurunan 2% dibandingkan posisi akhir tahun
2024 sebesar Rp7,45 triliun, dikarenakan adanya pembagian dividen tunai tahun buku 2024
sebesar Rp475 miliar yang telah dibayar pada bulan Juli 2025.
Kinerja keuangan Perseroan mencerminkan kondisi yang sehat dan stabil. Hal ini tercermin dari
sejumlah indikator penting, seperti Quick Ratio yang mencapai 63,6%, menunjukkan
kemampuan perusahaan dalam memenuhi kewajiban jangka pendek tanpa bergantung pada
persediaan. Current Ratio yang berada di angka 204,1% memberikan gambaran bahwa
perusahaan dalam kondisi keuangan yang aman untuk pemenuhan kewajiban jangka pendek.
Dari sisi struktur modal, Debt to Asset Ratio tercatat sebesar 40,8%, dan Debt to Equity Ratio
sebesar 69,0%, menandakan bahwa tingkat utang masih berada dalam batas yang aman dan
terkendali. Secara keseluruhan, angka-angka ini menunjukkan bahwa Perseroan berada dalam
posisi keuangan yang cukup stabil untuk mendukung operasional perusahaan ke depan.
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“Perseroan terus berupaya mengoptimalkan volume produksi melalui peningkatan sumber
daya dan cadangan, penambahan armada produksi dan jumlah tambang, pengamanan
wilayah Izin Usaha Pertambangan, serta transformasi proses bisnis agar dapat mencapai target
sebagaimana yang telah ditetapkan Perseroan.“ ujar Fina Eliani Direktur Keuangan dan
Manajemen Risiko PT TIMAH Tbk.
Kondisi saat ini dan prospek ke depan
Harga rata-rata logam timah Cash Settlement Price LME di semester I 2025 sebesar
USD32.115,77 per metrik ton, naik 9,6% dibandingkan dengan periode sama tahun sebelumnya
sebesar USD29.229,16 per metrik ton serta proyeksi harga timah versi Bloomberg di kisaran
USD29.000 - 34.000 per metrik ton.
Perseroan telah menetapkan sasaran pokok tahun 2025 yaitu produksi bijih timah sebesar
21.500 ton Sn, produksi logam timah sebesar 21.545 metrik ton, dan penjualan logam timah
sebesar 19.065 metrik ton. Untuk mencapai sasaran pokok tersebut, maka strategi pokok yang
akan dilakukan Perseroan adalah (1) Peningkatan pengelolaan cadangan dan sumberdaya; (2)
Kepemimpinan pasar, agresivitas produksi dan kinerja operasi; (3) Penguatan hilirisasi serta
industrialisasi dengan mendukung ekosistem electric vehicle dan industri energi; (4)
Transformasi proses bisnis; (5) Pengembangan Center of Excellence dan optimalisasi portofolio.
-- selesai ---
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Sekilas PT TIMAH Tbk
PT TIMAH Tbk adalah anak usaha dari holding pertambangan Indonesia MIND ID merupakan
produsen timah terkemuka sekaligus eksportir timah terbesar di dunia dengan wilayah
operasional pertambangan dan peleburan logam timah di provinsi Bangka Belitung, Kepulauan
Riau, dan Riau.
Menjadi Perseroan Terbatas sejak tahun 1976 dan melantai di Bursa Efek Indonesia sejak tahun
1995, PT TIMAH Tbk menjalankan bisnis timah yang terintegrasi secara vertikal, mulai dari
kegiatan eksplorasi, penambangan, peleburan dan pemurnian logam timah hingga pemasaran
yang melayani para pelanggan internasional maupun domestik. Produk logam timah dengan
merek “Banka Tin”, “Kundur Tin”, dan “Mentok Tin” memiliki reputasi internasional dan telah
terdaftar di London Metal Exchange (LME).
Saat ini PT TIMAH Tbk yang merupakan anggota dari International Tin Association (ITA) memiliki
4 (empat) lini bisnis utama yakni pertambangan timah, hilirisasi timah (tin chemical dan tin
solder), pertambangan non‐timah (batubara dan nikel), serta bisnis berbasis kompetensi
termasuk properti, galangan kapal, agro bisnis.
Untuk keterangan lebih lanjut dapat menghubungi:
Rendi Kurniawan, Division Head Corporate Secretary
Telepon : +62 (21) 23528000 dan +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH Tbk
Ikhtisar Unjuk Kerja
Semester I 2025 dan Semester I 2024
Semester I Semester I Perubahan (%)
Keterangan 2025 2024
a b (a-b)/b
Produksi bijih timah - Ton Sn
Darat 2.402 4.930 -51%
Laut 4.595 5.349 -14%
Total 6.997 10.279 32%
Produksi logam timah - Metrik Ton 6.870 9.675 -29%
Penjualan logam timah - Metrik Ton 5.983 8.299 -28%
Harga Jual Rata-Rata - US$/Metrik Ton 32.816 30.397 8%
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PRESS RELEASE
FOR IMMEDIATE RELEASE
TINS Posts IDR 300 Billion Net Profit in H1 2025
Jakarta, July 31, 2025 – PT TIMAH Tbk (“the Company”; IDX: TINS) today announced its
Consolidated Financial Statements for the period ended June 30, 2025
Tin prices in the first half of 2025 showed a stabilizing trend after experiencing significant
volatility in early 2025. Tin prices on the London Metal Exchange (LME) were still supported by
tight stocks and limited supply due to the Man Maw mine in Myanmar being offline until
August, and the Pulau Indah smelter in Malaysia not yet operating at full capacity. Additionally,
Indonesian tin exports showed a significant recovery, rising 177% in the first six months of this
year compared to the same period in 2024.
Global demand for tin, particularly from the electronics industry (such as tin solder and tin
chemicals), remained strong. This was mainly driven by the needs of the Japanese and Chinese
markets. However, uncertainty regarding U.S. trade tariff policies could put pressure on global
demand. Nevertheless, tin prices remained stable due to resilient global demand, despite
potential fluctuations caused by geopolitical factors and supply limitations. As of June 2025, tin
stocks in LME warehouses stood at 2,220 tons, down 53.3% from the beginning of 2025, which
stood at 4,760 tons.
According to CRU Tin Monitor, global tin production in H1 2025 grew by 10.5% (YoY), reaching
192,611 tons. Meanwhile, global tin consumption in H1 2025 increased by 3.9% (YoY),
amounting to 191,163 tons.
Operation Performance
As of H1 2025, TINS reported tin ore production of 6,997 tons Sn, a 32% decrease compared to
10,279 tons Sn in the same period of the previous year. This was caused by several factors,
including suboptimal mining activities both on land and at sea, impacted by northeasterly and
southeasterly winds, non-continuous reserves (spotted), and ongoing illegal mining activities.
Refined tin production decreased by 29% to 6,870 metric tons compared to 9,675 metric tons
in the same period last year. Tin sales also declined by 28% to 5,983 metric tons compared to
8,299 metric tons in H1 2024. The average selling price of tin was USD 32,816 per metric ton,
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an 8% increase compared to USD 30,397 per metric ton in the same period last year.
In the first half of 2025, the Company recorded domestic tin metal sales of 8% and tin metal
exports of 91% with the top 6 export destination countries including Japan 20%; South Korea
19%; Singapore 16%; the Netherlands 10%; Italy 5%; and India 4%.
Financial Performance
In H1 2025, the company posted revenue of IDR 4.22 trillion, a decrease of 19.0% from IDR 5.21
trillion in the same period of 2024, following a decrease in tin metal sales volume. The
company’s cost of revenue decreased by 15.6% from IDR 4.00 trillion in H1 2024 to IDR 3.37
trillion in H1 2025.
The company recorded an operating profit of IDR 380 billion, lower than the operating profit
of IDR 687 billion in H1 2024, with EBITDA amounting to IDR 838 billion, a 31% decrease from
IDR 1.21 trillion in H1 2024. The net profit for H1 2025 was IDR 300.07 billion, achieving 93% of
the target set by the company, which was IDR 322.64 billion.
The value of the company’s assets at the end of H1 2025 decreased by 4% to IDR 12.33 trillion
from IDR 12.80 trillion at the end of 2024. The company’s liability position amounted to IDR
5.03 trillion, a decrease of 6% compared to IDR 5.35 trillion at the end of 2024 due to the
repurchase of all medium-term notes.
The equity position of IDR 7.29 trillion decreased by 2% compared to the position at the end of
2024 of IDR 7.45 trillion, due to the cash dividend payout of IDR 475 billion for the 2024 fiscal
year, which was paid in July 2025.
The Company's financial performance reflects a healthy and stable condition. This is evident
from several key indicators, such as the Quick Ratio reaching 63.6%, indicating the Company's
ability to meet short-term obligations without relying on inventory. The Current Ratio stands
at 204.1%, suggesting that the Company is in a secure financial position to fulfill its short-term
liabilities. In terms of capital structure, the Debt to Asset Ratio is recorded at 40.8%, and the
Debt to Equity Ratio at 69.0%, indicating that the level of debt remains within safe and
manageable limits. Overall, these figures demonstrate that the Company is in a sufficiently
stable financial position to support its future operations.
"The Company continues to strive to optimize production volume through the enhancement of
resources and reserves, the addition of production fleets and mining sites, the securing of
Mining Business License (IUP) areas, as well as the transformation of business processes in
order to achieve the targets set by the Company," said Fina Eliani, Director of Finance and Risk
Management of PT TIMAH Tbk.
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Current conditions and prospects for the future
The average cash settlement price of tin metal on the LME in the first half of 2025 was USD
32,115.77 per metric ton, marking a 9.6% increase compared to the same period last year,
which was USD 29,229.16 per metric ton. Bloomberg projects tin prices to range between USD
29,000 and USD 34,000 per metric ton.
The Company has set a key target for 2025, namely tin ore production of 21,500 metric tons of
Sn, tin metal production of 21,545 metric tons, and tin metal sales of 19,065 metric tons. To
achieve these main objectives, the main strategies that the Company will carry out are (1)
Improving the management of reserves and resources; (2) Market leadership, production
aggressiveness and operation performance; (3) Strengthening downstream operations and
industrialization by supporting the electric vehicle ecosystem and the energy industry; (4)
Business process transformation; (5) Center of Excellence development and portfolio
optimization.
-- finished ---
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A brief description about PT TIMAH Tbk:
PT TIMAH Tbk, a subsidiary of Indonesian mining holding company MIND ID, is the leading tin
producer as well as the largest tin exporter in the world with mining and smelting operations
in Bangka Belitung, Riau Islands, and Riau.
Being a Limited Liability Company since 1976 and listed in the Indonesian Stock Exchange since
1995, PT TIMAH carries out vertically integrated tin business from exploration, mining, smelting
and refining, to marketing for overseas and domestic customers. Refined tin products with the
brands "Banka Tin", "Kundur Tin" and "Mentok Tin" officially registered in the London Metal
Exchange (LME) are considered to be the most preferred brand.
Currently PT TIMAH which is a member of the International Tin Association (ITA) has 4 (four)
main business lines namely tin mining, downstream products (tin chemical and tin solder), non‐
tin mining (coal and nickel), as well as competency‐based businesses such as hospitals,
property, shipyards, agribusiness.
Further information, please contact:
Rendi Kurniawan, Division Head Corporate Secretary
Telephone : +62 (21) 23528000 and +62 (717) 4258000
Email : corsec@pttimah.co.id
Website : www.timah.com
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PT TIMAH Tbk
Performance Highlight
H1 2025 and H1 2024
H1 2025 H1 2024 Change (%)
Remarks
a b (a-b)/b
Production of tin ore - Ton Sn
Onshore 2,402 4,930 -51%
Offshore 4,595 5,349 -14%
Total 6,997 10,279 32%
Production of refined tin - Metric Ton 6,870 9,675 -29%
Sales of refined tin - Metric Ton 5,983 8,299 -28%
Average selling price - US$/Metric Ton 32,816 30,397 8%
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