TINS Records IDR 300 Billion Profit in First Half of 2025

PT Timah Tbk (TINS) has reported a positive performance in the first half of 2025, reaffirming its commitment to Environmental, Social, and Governance (ESG) principles as part of strengthening corporate governance.

In its consolidated financial report for the first half of 2025, PT Timah maintained profitability and financial stability while also driving efficiency across all operational lines.

"The company continues to strive to optimize production volume by increasing resources and reserves, adding to its production fleet and number of mines, securing its Mining Business Permit areas, and transforming business processes to achieve its set targets," said Fina Eliani, PT Timah's Director of Finance and Risk Management, in a written statement on Thursday, July 31, 2025.

Fina explained that the company has set its 2025 targets at 21,500 tons of tin ore, 21,545 metric tons of tin metal production, and 19,065 metric tons of tin metal sales.

To achieve these goals, the company has established a core strategy that includes: improving reserve and resource management, leading the market with aggressive production and operational performance, strengthening downstream processing and industrialization through the development of electric vehicles and the energy industry, transforming business processes, and developing a Center of Excellence and optimizing its portfolio.

PT Timah's positive performance was also supported by the stabilization of tin metal prices on the London Metal Exchange (LME), averaging USD 32,116 per metric ton, a 9.6% increase compared to the same period last year. This was bolstered by a limited global supply and a 177% year-on-year (YoY) increase in Indonesia's exports during the first six months of 2025.

In the first half of 2025, PT Timah recorded tin ore production of 6,997 tons (Sn) and tin metal production of 6,870 metric tons. The company is continuing to boost production performance by implementing several strategic measures, such as increasing the number of land mines and using guided directional drilling for extraction in planned work blocks.

For its offshore mining operations, the company is increasing collaboration with Production Suction Vessels (KIPs), processing residue from KIP and Production Suction Pontoons, and using guided drilling with one drill ship in each production area (North Bangka, South Bangka, and Kundur areas) to enhance confidence levels and excavation effectiveness.

In H1 2025, the company's domestic tin metal sales accounted for 8%, while exports made up 92%. The top six export destinations were Japan (20%), South Korea (19%), Singapore (16%), the Netherlands (10%), Italy (5%), and India (4%).

By the end of the first half of 2025, PT Timah Tbk recorded revenues of IDR 4.22 trillion and a cost of goods sold of IDR 3.37 trillion. The company posted an operating profit of IDR 380 billion and an EBITDA of IDR 838 billion.

TINS's net profit for H1 2025 was IDR 300.07 billion, achieving 93% of the company’s target of IDR 322.64 billion. The company’s assets in H1 2025 totaled IDR 12.33 trillion, with liabilities at IDR 5.03 trillion and equity at IDR 7.29 trillion.

The company's financial performance shows solid results, as seen in key financial ratios including a Quick Ratio of 63.6%, a Current Ratio of 204.1%, a Debt to Asset Ratio of 40.8%, and a Debt to Equity Ratio of 69.0%.

Director Fina Eliani explained that the key to maintaining stable financial performance was a strategy of cost efficiency, reducing interest-bearing debt, and strengthening cash flow management.

Beyond its financial aspects, PT Timah continues to promote the implementation of ESG as a core pillar of its business transformation. In the environmental sector, TINS consistently carries out land reclamation programs for former mining areas and coastal conservation efforts.

In the social aspect, PT Timah also runs community development programs, empowers SMEs, and supports public education and health. The company also continues to strengthen business transparency, continuous internal audits, and regulatory compliance.

Source: https://www.metrotvnews.com/read/N6GCxd2Y-tins-bukukan-laba-rp300-miliar-di-semester-i-2025

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