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Jakarta June 11, 2026 — PT Aneka Tambang Tbk (Antam) has announced a landmark dividend payout of Rp 5.04 trillion from its 2025 net profits, marking the largest distribution in the company’s history.
The decision, endorsed at the annual shareholders’ meeting, reflects both Antam’s robust financial performance and its strategic alignment with Indonesia’s industrial ambitions in mineral downstreaming and electric vehicle (EV) battery development.
Dividend and Earnings Breakdown
Antam’s shareholders approved the allocation of 70 percent of net profit equivalent to Rp 5.04 trillion for dividends, while the remaining 30 percent (Rp 2.16 trillion) will be retained to strengthen capital reserves and fund future projects.
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The company reported a net profit of Rp 7.92 trillion in 2025, representing a 106 percent increase year-on-year.
Revenue also surged to Rp 84.64 trillion, up 22 percent from 2024, driven by strong demand for nickel, gold, and other mineral commodities.
Leadership Statement
President Director Untung Budiharto described 2025 as a “milestone year,” noting that Antam achieved its best operational and financial performance ever despite global commodity market volatility.
He emphasized that disciplined execution, cost efficiency, and resource optimization were key drivers of success.
Strategic Role in Indonesia’s Economy
Antam’s dividend policy underscores its dual mission rewarding investors while supporting national industrial policy.
The company plays a pivotal role in Indonesia’s nickel downstreaming program, a cornerstone of the government’s plan to establish the country as a global hub for EV battery production.
By channeling retained earnings into strategic projects, Antam aims to expand its footprint in the battery supply chain, positioning itself as a critical player in Southeast Asia’s energy transition.
Market and Investor Implications
The record dividend signals strong fundamentals, likely boosting Antam’s appeal in capital markets.
Reinforces Indonesia’s ambition to leverage its mineral wealth for industrial transformation.
Reflects a broader trend among state-owned enterprises balancing shareholder returns with long-term policy commitments.
Despite its strong performance, Antam faces several challenges commodity volatility could impact future earnings.
Execution risks in large-scale downstream projects may strain resources.
Global competition from established players in China and South Korea could test Indonesia’s ambitions.
Antam’s record dividend not only rewards shareholders but also signals Indonesia’s determination to transform its mineral wealth into industrial strength.
The move positions Antam as both a financial powerhouse and a strategic pillar in the nation’s energy transition.
