PT Buma Internasional Grup (DOID) Q3 2025 earnings summary

Executive summary

• Interim consolidated financial statements cover the nine months ended September 30, 2025, prepared in accordance with Indonesian Financial Accounting Standards.

• The review by independent auditors found no material misstatements and concluded the statements present fairly the Group's financial position and performance.

• The Group operates in mining, mining services, and related sectors, with significant operations in Indonesia, Australia, and the United States.

Financial highlights

• Net revenues for the nine months ended September 30, 2025, were $1,130.5 million, down from $1,349.1 million year-over-year.

• Net loss for the period was $81.5 million, compared to a net loss of $17.4 million for the same period last year.

• Gross profit dropped to $27.2 million from $130.9 million year-over-year.

• Basic and diluted net loss per share was $(0.00982), compared to $(0.00184) year-over-year.

• Total assets as of September 30, 2025, were $1,531.7 million, with total liabilities of $1,435.5 million and total equity of $96.2 million.

• Cash and cash equivalents at period end were $136.4 million, down from $194.7 million at the start of the year.

Outlook and guidance

• Management plans to enhance productivity, implement cost efficiency, and reduce overhead to address losses and negative working capital.

• The Group aims to diversify its portfolio and reduce thermal coal revenue to below 50% of total revenue by 2028.