• AMMN copper concentrate export permit request denied
Amman Mineral Internasional (AMMN) has submitted a request for an export permit for
copper concentrate, but the government denied the request as there is no force majeure
situation affecting its operations, unlike Freeport Indonesia. The Ministry of Energy and
Mineral Resources (ESDM) emphasized that only force majeure events, such as fires, can
justify export permit relaxations. AMMN sought export flexibility due to the slower-thanexpected
commissioning process of its new smelter in Sumbawa Barat, NTB, which is
currently operating at only 48% capacity. The smelter, designed to process 900,000 tons of
copper concentrate annually, is facing technical challenges due to the integration of multiple
technologies from Yanggu, Merin, and Ototec. Despite AMMN’s request, the government
remains firm that no export permits will be granted unless there is an emergency situation,
pushing the company to focus on accelerating the smelter ramp-up to meet production
targets. (Kontan)
• BMRI to distribute IDR 43.5T dividends
Bank Mandiri (BMRI) has announced a dividend payout of IDR 43.5T, representing 78% of its net
profit for 2024, which totals IDR 55.8T. This dividend translates to IDR 466 per share, a notable
increase from last year’s IDR 353.96 per share. The bank’s dividend payout ratio has significantly
risen from the average of 60% over the past two years. With BMRI shares trading at IDR 4,630 on
25 Mar 25, the dividend yield stands at approximately 10%. (Bisnis Indonesia)
• CNMA announces IDR 750B dividend and IDR 300B share buyback
Nusantara Sejahtera Raya (CNMA) has approved a cash dividend of IDR 750B and a share buyback
program worth IDR 300B, as agreed during its Annual General Meeting of Shareholders (AGMS) on
24 Mar 25. The total dividend of IDR 9 per share includes an interim dividend of IDR 5 per share
already paid on Nov 24, with the remaining IDR 4 per share to be distributed on 24 Apr 25. The
share buyback will be conducted over the next 12 months through IDX, with a maximum price of
IDR 270 per share. This initiative aims to enhance shareholder value and strengthen investor
confidence. In 2024, CNMA recorded IDR 5.71T in revenue, a 9.2% yoy increase, driven by network
expansion and rising cinema attendance. The company opened 16 new theaters and added 70
screens, bringing its total to 256 theaters with 1,350 screens across 65 cities. The number of
moviegoers increased to 87.1M. Additionally, the company allocated IDR 1.719T from its IPO
proceeds, with IDR 899B for expansion, IDR 500B for debt repayment, and IDR 320B for working
capital. (Bisnis Indonesia)
• INDF booked IDR 8.64T net profit in 2024
Indofood Sukses Makmur (INDF) reported a 6.07% increase in net profit to IDR 8.64T in 2024,
driven by a 3.66% rise in revenue to IDR 115.78t. The branded consumer products segment
was the main contributor, generating IDR 73.32T, followed by Bogasari at IDR 30.55T,
agribusiness at IDR 15.95T, and distribution at IDR 7T. Meanwhile, gross profit grew 11.33% yoy
to IDR 40.13T, supported by stable cost of goods sold. Operating profit surged 17% yoy to IDR
23.09T, pushing the operating margin to 19.9% from 17.6%. Indofood’s total assets rose 8.1%
yoy to IDR 201.71T, while equity increased 8.5% to IDR 108.99T. (Bisnis Indonesia)
