• AALI allocates IDR 1.5T capex for replanting
Astra Agro Lestari (AALI) has allocated IDR 1.4–1.5T in capital expenditure for 2025, primarily
focusing on replanting efforts to boost productivity. The company targets replanting 4,000–
5,000 hectares annually and had already replanted 5,052 hectares by Dec 24. AALI currently
manages 284,800 ha of planted area and may pursue strategic land acquisitions that align
with operational synergies, while maintaining a commitment to no deforestation. (Kontan)
• AKRA to distribute IDR 1.97T dividend
AKR Corporindo (AKRA) decided to distribute a total dividend of IDR1.97T or IDR100 per share,
sourced from its 2024 net profit of IDR2.22T, based on the AGMS held on 28 Apr 25. Of this,
IDR50 per share had been paid as an interim dividend in Jul 24, with the final dividend of
IDR50 per share to be paid on 22 May 25, following the cum dividend date on 7 May 25. The
dividend payout ratio for FY24 is 88.76%, consistent with FY23, although the total dividend
value and dividend per share are lower than the previous year. (Bisnis Indonesia)
• ANTM targets gold sales volume of 45 tons in 2025
Aneka Tambang (ANTM) targets gold sales of up to 45 tons in 2025, driven by rising demand
in line with increasing gold prices. To meet this target, Antam will optimize production and
distribution processes, sourcing domestic supply from its Pongkor gold mine in West Java
and from Freeport Indonesia (PTFI), a MIND ID group entity. Antam has already received an
initial delivery of 125 kg of gold bars from PTFI, which plans to deliver 28 tons by Dec 25.
Antam is also building a new precious metals manufacturing facility in JIIPE, Gresik, East
Java, with construction starting in 4Q25 and a production capacity of 5M pieces annually.
Additionally, Antam may import gold to meet customer demand, as MIND ID currently
produces around 130 tons of gold annually, with demand growing from 70 tons to 100 tons.
(Kontan)
• ELPI to expand fleet with IDR 1T capex and announces dividend payout
Pelayaran Nasional Ekalya Purnamasari (ELPI) is allocating IDR1T in capital expenditure for
2025 to expand its fleet by acquiring 1–3 Fast Crew Boats, 1 Multicat vessel, 6–7 Offshore
Support Vessels, and 5 Tug & Barge units, aiming to strengthen its presence in the oil and
gas sector and logistics both domestically and internationally, particularly in Southeast Asia
and the Middle East. Additionally, ELPI will distribute a cash dividend of IDR100B or IDR13.50
per share from its 2024 net profit of IDR263.98B, marking a 112% increase from the previous
year’s payout. In 2024, ELPI’s revenue rose 12%, net profit surged 63.77%, and total assets grew
12% to IDR2.64T. The dividend schedule includes Cum Dividend on 5 May, Ex Dividend on 6
May, Recording Date on 7 May, and payment on 28 May. (Kontan)
• FILM plans rights Issue to expand content production
MD Pictures (FILM), through its subsidiary MD Graha Utama, plans to conduct a rights issue
by issuing up to 989.77M new shares, representing approximately 9.09% of its issued and fully
paid-up capital. Under the rights issue scheme, every 10 existing shares will entitle the holder
to receive 1 right, with each right allowing the purchase of 1 new share. The proceeds from
the rights issue will be used to strengthen the company’s capital structure and support the
development of new content and production studio infrastructure, reinforcing FILM’s
position in Indonesia’s entertainment industry. (Kontan)
• MTEL posts stable 1Q25 earnings
Dayamitra Telekomunikasi (MTEL) reported stable performance in 1Q25, with net profit
reaching IDR 526B, slightly up from IDR 521B in the same period last year. Revenue grew 1.4%
to IDR 2.26T, driven by tower rental income, which accounted for 93.4% of total revenue. The
company’s largest client is TLKM, contributing 53% of revenue. Despite a slight increase in
expenses, MTEL’s net profit remained stable, with earnings per share at IDR 6. The company’s
cash position surged to IDR 1.55T, driven by customer receipts. (IDX Channel)
• PRDA to distribute IDR 162.1B dividends
Prodia Widyahusada (PRDA) plans to distribute a cash dividend of IDR162.11B or IDR172.92 per
share, representing 60% of its attributable net income for FY24. PRDA reported a net profit
of IDR270.19B in 2024, up 3.97% YoY from IDR259.87B in 2023, supported by a slight revenue
increase to IDR2.25T. This was mainly driven by the business-to-consumer (B2C) segment,
which contributed 58%, and routine test services, which contributed 69%. As of end-2024,
PRDA operated 354 outlets across 80 cities in 34 provinces and continued to allocate capital
expenditure to support business growth through network expansion, building renovations,
relocations, and IT development. (Bisnis Indonesia)
• PTRO posts strong profit growth in 1Q25
Petrosea (PTRO) reported a 464.42% surge in net profit to USD 920,000 in 1Q25, up from USD
163,000 in 1Q24, despite a slight 1.29% YoY decline in revenue to USD 154.22M. Revenue was
mainly driven by the Mining segment (USD 70.04M) and the Engineering and Construction
segment (USD 69.12M). PTRO reduced direct operating expenses by 2.01% yoy to USD 138.12M,
boosting gross profit by 5.30% to USD 16.10M. The company’s total assets grew 22.13% to USD
1.06B by the end of Mar 25. On the stock market, PTRO shares closed up 0.41% at IDR 2,450
on 25 Apr 25, although still down 10.75% ytd. (Kontan)
• TINS explores rare earth elements for magnet industry
Timah (TINS), part of the MIND ID mining holding, is advancing the development of rare earth
elements (REE), specifically Neodymium (Nd) and Praseodymium (Pr), to supply the magnet
industry. A pilot plant has been established in Bangka Belitung to process monazite into
mixed rare earth hydroxide products. This project supports Indonesia’s downstream
industrialization strategy, targeting sectors such as magnets, electronics, and batteries, and
aligns with the government’s plan to maximize REE potential in Bangka Belitung as part of
the national downstream initiative. (Kontan)
