PT Buma Internasional Grup (DOID) Q4 2025 earnings summary

Executive summary

• Net revenues for 2025 were USD 1.48 billion, down 16% year-over-year from USD 1.76 billion in 2024.

• The group reported a net loss of USD 127.6 million for 2025, compared to a net loss of USD 65.9 million in 2024.

• Comprehensive loss for 2025 was USD 142.6 million, reflecting higher impairment and fair value losses.

• The audit opinion was unqualified, with financials presented fairly in all material respects.

Financial highlights

• Gross profit dropped sharply to USD 41.6 million in 2025 from USD 153.0 million in 2024.

• Operating expenses increased to USD 108.7 million in 2025 from USD 100.1 million in 2024.

• Finance costs remained high at USD 91.6 million.

• Cash and cash equivalents at year-end were USD 210.3 million, up from USD 194.7 million.

• Total assets stood at USD 1.53 billion, with total liabilities at USD 1.48 billion and equity at USD 48.9 million.

Outlook and guidance

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

• The group aims to diversify revenue streams and reduce thermal coal dependency below 50% by 2028.