PT Aneka Tambang (Persero) Tbk (ANTM) recorded a net profit attributable to equity holders of the parent entity of IDR 4.69 trillion for the first half of 2025. This achievement represents a 202% increase from the IDR 1.55 trillion recorded in the same period of 2024.

Quoting the financial report submitted through the Indonesia Stock Exchange (IDX) information disclosure, this profit achievement resulted from sales that skyrocketed by 154% in the first half of this year to IDR 59.01 trillion from IDR 23.18 trillion in June 2024.

Gold sales increased by 163.08% YoY to IDR 49.54 trillion. In terms of percentage, the nickel ore business saw the highest increase, rising by 243.47% YoY to IDR 6.71 trillion.

Although the value of gold sales was much larger, nickel remains the most profitable business segment for Antam. As of June 2025, net operating profit from nickel reached IDR 3.53 trillion, while precious metals recorded IDR 3.22 trillion. Thus, the profit margin from the nickel business was 44.85%, while for gold it was 6.49%.

Along with the increase in sales, the cost of goods sold also rose to IDR 50.7 trillion from the previous IDR 21.1 trillion. Consequently, Antam's gross profit surged to IDR 8.2 trillion from the previous IDR 2 trillion.

After deducting total operating expenses, which rose to IDR 2.1 trillion from IDR 1.4 trillion in 2024, the operating profit then skyrocketed to IDR 6.1 trillion from only IDR 532 billion previously.

Furthermore, with an addition of IDR 395.4 billion in net other income, profit before income tax became IDR 6.5 trillion from IDR 1.6 trillion.

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