Indonesian state-owned tin producer PT Timah announced that, driven by rising tin prices, the company's 2025 operating profit reached 1.91 trillion Indonesian rupiah (approximately 798 million yuan), up 0.8% YoY. PT Timah's 2025 total revenue was 11.55 trillion Indonesian rupiah (approximately 4.843 billion yuan), up 6.41% YoY.
The company stated that domestic clients accounted for 5% of its sales, with the remaining 95% being export sales.
PT Timah announced that its refined tin production fell 5.8% YoY to 17,815 mt, mainly due to persistent rampant illegal mining activities both offshore and onshore. By region, onshore production was 7,098 mt (down 8.1% YoY), offshore production was 11,537 mt (down 1.5% YoY), and the overall structure remained largely stable.
![The most-traded SHFE tin contract fell below the 400,000 mark during the night session, and downstream enterprises began to restock in small quantities [SMM Tin Morning Update].](https://imgqn.smm.cn/usercenter/ASfFn20251217171751.jpg)
![Liquidity expectations continue to weigh on metal prices, the center of SHFE tin contract continues to decline [SMM Tin Midday Review]](https://imgqn.smm.cn/usercenter/WPbpj20251217171753.jpg)
