PT Bumi Resources Tbk Q3 2025 Earnings Recap

PT Bumi Resources reported a decline in production and revenue for the first nine months of 2025, primarily impacted by adverse weather conditions and decreasing global coal prices, yet managed to reduce overall production costs.

Key Takeaways

• Production decreased to 54.9 million tonnes compared to 57.3 million tonnes in 2024, mainly due to heavy rainfall.
• Realized coal prices fell to $60 per tonne from $73 in the prior year, reflecting downturn trends in the global coal market.
• Despite challenges, production costs decreased, aided by a lower strip ratio and reduced fuel prices, maintaining guidance at 73-75 million tonnes for the year.
• Net profit declined due to lower coal prices and a significant previous year's tax benefit, despite improved gross profit driven by subsidiary performance.
• Inventory levels are expected to be tight entering 2026 as sales strategies maximize throughput amid fluctuating prices.