Indonesian Miner PT Aneka Tambang (Antam) Reports Strong Q1 2025 Financial Results, Led by Gold and Nickel Sales Surge

Published: May 13, 2025 19:27

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In Q1 2025, Indonesian state-owned miner PT Aneka Tambang (Antam) delivered strong financial results, with gold remaining the primary revenue driver at 83% of total sales, fueled by surging demand and the launch of its digital platform. However, the standout growth came from the nickel segment, where total sales (ferronickel and nickel ore) jumped 581% to Rp3.77 trillion. Nickel ore production rose 221% to 4.63 million wmt, with sales up 281%, while ferronickel output reached 4,498 tons of nickel. This robust nickel performance contributed to a tenfold rise in net profit to Rp2.32 trillion and a major turnaround in operating profit. ANTAM also saw growth in bauxite and alumina, and was praised by MIND ID for its exceptional progress.

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