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20250408_TINS_Laporan Informasi dan Fakta Material_31873397_lamp1.pdf
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PRESS RELEASE
UNTUK SEGERA DISIARKAN
Kinerja Cemerlang, Laba Bersih PT TIMAH Tbk (TINS) Terbang
Jakarta, 8 April 2025 – PT TIMAH Tbk (“Perseroan”; IDX: TINS) hari ini mengumumkan Laporan
Keuangan Konsolidasian untuk tahun yang berakhir 31 Desember 2024 yang telah diaudit.
Sepanjang tahun 2024, harga logam timah global bergerak fluktuatif ditengah ketidakpastian
ekonomi makro dan perkembangan pasokan yang terus mendominasi prospek pasar. Harga
rata-rata logam timah Cash Settlement Price London Metal Exchange (LME) tahun 2024 sebesar
USD 30.177,45 per ton atau naik 16,3% dibandingkan dengan tahun sebelumnya sebesar USD
25.959,04 per ton serta proyeksi harga timah versi Bloomberg di kisaran USD 28.000 – 31.000
per metrik ton. Persediaan timah di gudang LME pada akhir Desember 2024 berada di posisi
4.800 ton, turun 35,6% dari awal tahun 2024 (5 Januari 2024) di posisi 7.450 ton.
Berdasarkan CRU Tin Monitor (Februari 2025), pertumbuhan produksi logam timah global di
tahun 2024 diperkirakan naik 1,4% (YoY) menjadi 371.880 ton. Sedangkan konsumsi logam
timah global di tahun 2024 diperkirakan turun 2,6% (YoY) menjadi 372.720 ton.
Kinerja Operasi
Perseroan mencatat produksi bijih timah sebesar 19.437 ton Sn pada akhir tahun 2024, naik
31% dibandingkan tahun sebelumnya yang mencapai 14.855 ton Sn. Hal tersebut disebabkan
oleh adanya peningkatan jumlah unit tambang darat, produktivitas objek tambang laut, dan
optimalisasi arah penggalian dengan melakukan bor pandu pada blok rencana kerja.
Adapun produksi logam timah naik 23% menjadi 18.915 metrik ton dibandingkan tahun
sebelumnya sebesar 15.340 metrik ton. Sedangkan penjualan logam timah naik 22% menjadi
17.507 ton dibandingkan tahun sebelumnya sebesar 14.385 ton. Harga jual rata-rata logam
timah sebesar USD31.181 per metrik ton, naik 17% dibandingkan tahun sebelumnya sebesar
USD26.583 per metrik ton.
Pada tahun 2024, Perseroan mencatatkan penjualan logam timah domestik sebesar 12% dan
ekspor logam timah sebesar 88% dengan 6 besar negara tujuan ekspor meliputi Korea Selatan
19%; Singapura 18%; Jepang 15%; Belanda 12%; India 10%; dan China 7%.
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Kinerja Keuangan
Perseroan membukukan pendapatan sebesar Rp10,86 triliun meningkat 29,37% di tahun 2024
dari Rp8,39 triliun di tahun 2023 seiring dengan kenaikan volume penjualan logam timah dan
harga jual rata-rata logam timah. Beban pokok pendapatan Perseroan naik 1,26% dari Rp7,93
triliun di tahun 2023 menjadi Rp8,03 triliun di tahun 2024. Perseroan membukukan laba usaha
sebesar Rp1,76 triliun dengan pencapaian EBITDA sebesar Rp2,71 triliun atau 396% dari tahun
2023.
Nilai aset Perseroan pada akhir tahun 2024 turun 0,42% menjadi Rp12,80 triliun dari Rp 12,85
triliun pada akhir tahun 2023. Sedangkan posisi liabilitas Perseroan sebesar Rp5,35 triliun,
turun 19,08% dibandingkan posisi akhir tahun 2023 sebesar Rp6,61 triliun dikarenakan
pelunasan pinjaman bank jangka pendek, obligasi dan pembelian kembali (buyback) medium
term notes (MTN).
Posisi ekuitas sebesar Rp7,45 triliun mengalami kenaikan 19,35% dibandingkan posisi akhir
tahun 2023 sebesar Rp6,24 triliun, seiring dengan dibukukannya laba di tahun 2024.
“Di tengah kondisi ekonomi makro dan pasokan logam timah global yang kurang mendukung,
Perseroan berhasil mencapai kinerja yang cemerlang pada tahun 2024 dengan membukukan
laba bersih sebesar Rp1,19 triliun, naik 364% dibandingkan dengan pencapaian kinerja
Perseroan pada tahun sebelumnya yang membukukan rugi bersih sebesar Rp449,67 miliar
dengan optimalisasi kinerja produksi, pemasaran dan keuangan dalam hal menurunkan
interest bearing debt dan efisiensi.“ ujar Fina Eliani Direktur Keuangan dan Manajemen Risiko
PT TIMAH Tbk.
Kinerja keuangan Perseroan menunjukkan hasil yang baik, terlihat dari beberapa rasio
keuangan penting di antaranya Quick Ratio sebesar 73,2%, Current Ratio sebesar 222,0%, Debt
to Asset Ratio sebesar 41,8%, dan Debt to Equity Ratio sebesar 71,8%.
Sepanjang tahun 2024, Perseroan telah melakukan upaya efisiensi dan optimalisasi biaya dalam
bentuk penurunan fixed cost melalui pengeluaran investasi yang selektif ke investasi penunjang
operasi untuk memitigasi kenaikan beban depresiasi dan menjaga cashflow, serta menurunkan
interest bearing debt untuk mengurangi biaya bunga dengan melakukan buyback MTN.
Kondisi saat ini dan prospek ke depan
Perseroan memastikan keberlanjutan aktivitas pertambangan timah dan operasional usaha
dengan melaksanakan kegiatan eksplorasi baik di darat maupun di laut untuk menemukan
sumber daya dan cadangan mineral timah. Pada tahun 2024 Perseroan mencatat sumber daya
timah sebesar 807.234 ton dan cadangan timah sebesar 312.506 ton.
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Perseroan siap menghadapi tantangan ke depan dengan melakukan berbagai upaya strategis
untuk meningkatkan kinerja Perseroan diantaranya optimalisasi dan peningkatan produksi bijih
timah, perbaikan tata kelola kerjasama kemitraan dan kerjasama penambangan darat dan laut,
optimalisasi dan efisiensi berkelanjutan di seluruh lini bisnis, optimalisasi kinerja dan
pengembangan anak perusahaan.
--- selesai ---
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
2024 dan 2023
2024 2023 Perubahan (%)
Keterangan
a b (a-b)/b
Produksi bijih timah - Ton Sn
Darat 7.724 4.278 81%
Laut 11.713 10.577 11%
Total 19.437 14.855 31%
Produksi logam timah - Metrik Ton 18.915 15.340 23%
Penjualan logam timah - Metrik Ton 17.507 14.385 22%
Harga Jual Rata-Rata - US$/Metrik Ton 31.181 26.583 17%
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PRESS RELEASE
FOR IMMEDIATE RELEASE
Excellent Performance, Net Profit of PT TIMAH Tbk (TINS) Soars
Jakarta, April 8, 2025 – PT TIMAH Tbk (“the Company”; IDX: TINS) today announced its audited
Consolidated Financial Statements for the year ended December 31, 2024.
Throughout 2024, global tin metal prices fluctuate amid macroeconomic uncertainty and
supply developments that continue to dominate the market outlook. The average price of tin
metal at the London Metal Exchange (LME) Cash Settlement Price in 2024 is USD 30,177.45 per
ton, an increase of 16.3% compared to the previous year of USD 25,959.04 per ton, and the
Bloomberg version of tin price projections is in the range of USD 28,000 – 31,000 per metric
ton. Tin inventories in LME warehouses at the end of December 2024 stood at 4,800 tonnes,
down 35.6% from the beginning of 2024 (5 January 2024) at 7,450 tonnes.
Based on the CRU Tin Monitor (February 2025), global tin metal production growth in 2024 is
estimated to increase by 1.4% (YoY) to 371,880 tons. Meanwhile, global tin metal consumption
in 2024 is estimated to decline by 2.6% (YoY) to 372,720 tons.
Operation Performance
The Company recorded tin ore production of 19,437 tons of Sn at the end of 2024, an increase
of 31% compared to the previous year which reached 14,855 tons Sn. This is due to an increase
in the number of onshore mining units, the productivity of marine mining objects, and the
optimization of the direction of excavation by conducting drill guides on the work plan block.
The production of tin metal increased by 23% to 18,915 metric tons compared to the previous
year of 15,340 metric tons. Meanwhile, tin metal sales increased by 22% to 17,507 tons
compared to the previous year of 14,385 tons. The average selling price of tin metal was
USD31,181 per metric ton, up 17% compared to the previous year of USD26,583 per metric
ton.
In 2024, the Company recorded domestic tin metal sales of 12% and tin metal exports of 88%
with the top 6 export destination countries including South Korea at 19%; Singapore 18%; Japan
15%; the Netherlands 12%; India 10%; and China 7%.
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Financial Performance
The company posted revenue of IDR 10.86 trillion, an increase of 29.37% in 2024 from IDR 8.39
trillion in 2023 in line with the increase in tin metal sales volume and the average selling price
of tin metal. The Company's cost of revenue increased by 1.26% from IDR 7.93 trillion in 2023
to IDR 8.03 trillion in 2024. The company posted an operating profit of IDR 1.76 trillion with an
EBITDA of IDR 2.71 trillion or 396% from 2023.
The value of the Company's assets at the end of 2024 decreased by 0.42% to IDR 12.80 trillion
from IDR 12.85 trillion at the end of 2023. Meanwhile, the Company's liability position
amounted to IDR 5.35 trillion, down 19.08% compared to the position at the end of 2023 of IDR
6.61 trillion due to the repayment of short-term bank loans, bonds and the buyback of medium
term notes (MTN).
The equity position of IDR 7.45 trillion increased by 19.35% compared to the position at the
end of 2023 of IDR 6.24 trillion, in line with the posting of profit in 2024.
"In the midst of macroeconomic conditions and unfavorable global tin metal supply, the
Company managed to achieve a brilliant performance in 2024 by posting a net profit of IDR 1.19
trillion, an increase of 364% compared to the Company's performance in the previous year which
posted a net loss of IDR 449.67 billion by optimizing production, marketing and financial
performance in terms of reducing interest bearing debt and efficiency." said Fina Eliani, Director
of Finance and Risk Management of PT TIMAH Tbk.
The Company's financial performance showed good results, as seen from several important
financial ratios including Quick Ratio of 73.2%, Current Ratio of 222.0%, Debt to Asset Ratio of
41.8%, and Debt to Equity Ratio of 71.8%.
Throughout 2024, the Company has made efforts to improve efficiency and optimize costs in
the form of reducing fixed costs through selective investment expenditures to support
investments to mitigate the increase in depreciation expenses and maintain cash flow, as well
as reduce interest bearing debt to reduce interest costs by carrying back MTN.
Current conditions and prospects for the future
The Company ensures the sustainability of tin mining activities and business operations by
carrying out exploration activities both on land and at sea to find tin mineral resources and
reserves. In 2024, the Company recorded tin resources of 807,234 tons and tin reserves of
312,506 tons.
The Company is ready to face future challenges by making various strategic efforts to improve
the Company's performance, including optimizing and increasing tin ore production, improving
the governance of partnerships and cooperation in land and sea mining, optimizing and
sustainable efficiency in all business lines, optimizing performance and developing subsidiaries.
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--- Finished ---
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
2024 and 2023
2024 2023 Change (%)
Remarks
a b (a-b)/b
Production of tin ore - Ton Sn
Onshore 7,724 4,278 81%
Laut 11,713 10,577 11%
Total 19,437 14,855 31%
Production of refined tin - Metric Ton 18,915 15,340 23%
Sales of refined tin - Metric Ton 17,507 14,385 22%
Average selling price - US$/Metric Ton 31,181 26,583 17%
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