#Annual Reports
Pertamina names new top level management
State energy company PT Pertamina announced a reshuffle in its board of directors and board of commissioners during a General Shareholders Meeting (RUPS) in Jakarta on Thursday, June 12, 2025, a measure that reflects strategic consolidation as the company transitions into the government-initiated energy holding, Danantara.
MedcoEnergi completes US$461.52 M bond buyback, launches new US$400 M notes
Oil and gas company PT Medco Energi Internasional (MEDC) has approved a final dividend payout of US$37.95 million during its Annual General Meeting of Shareholders (AGMS) on Tuesday, June 3, 2025, raisingthe company’s total dividend distribution for the 2024 fiscal year to US$63.29 million.
Medco posts Q1 profit decline amid lower contribution from Amman Mineral
PT Medco Energi Internasional (Medco) reported a sharp decline in net profit for the first quarter (Q1) of 2025, down nearly 75.23 percent year-on-year to US$18 million (Rp 293.32 billion), from US$72.66 million in the same period last year. The figure also marks a significant drop from the US$94.08 million profit posted in the fourth quarter of 2024.
Semen Baturaja GMS, Muhammad Syafitri rumored to become President Director of Semen Padang
State-owned cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), reshuffled the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) for the 2024 Fiscal Year held in Jakarta on Tuesday, May 27, 2025.
PHE posts better Q1 2025 performance, with oil and gas output at 1.04 M BOEPD
PT Pertamina Hulu Energi (PHE), the upstream subholding of Pertamina, posted better operational results in the first quarter of 2025, recording an oil and gas production level of 1.043 million barrels of oil equivalent per day (BOEPD), a slight increase from 1.042 million BOEPD in the same period last year.
BNI posts 10.1 percent loan growth, net profit at Rp5.4 trillion in Q1 2025
PT Bank Negara Indonesia (BNI) booked strong financial performance in the first quarter of 2025, with loan disbursements growing by 10.1 percent year-on-year (yoy) to Rp765.47 trillion (US$45.5 billion) and third-party funds increasing by 5 percent yoy to Rp819.6 trillion.
SMBC Indonesia announces new top level management, distributes dividends
PT Bank SMBC Indonesia (SMBC Indonesia), a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), has announced the new composition of the board of directors and board of commissioners at the Annual General Meeting of Shareholders (AGMS) held on Tuesday, April 22, 2025.
Medco Energi Books Strong Financial, Operational Performance in 2024
PT Medco Energi Internasional Tbk (MedcoEnergi) announced its audited 2024 annual financial report. The company recorded significant achievements in oil and gas production, electricity sales, cost efficiency, and capital management.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.
Semen Baturaja books positive performance in 2024
Cement producer PT Semen Baturaja (SMBR), a subsidiary of PT Semen Indonesia (SIG), managed to record positive performance in 2024 − securing Rp2.09 trillion (US$127.4 billion) in revenue, a 2.5-percent increase from the previous year (yoy) − despite pressure on domestic cement market amidst market corrections and oversupply.