Tin Mining Giant PT Timah Plans Board Shakeup at End of October

7 hours ago 2

October 15, 2025 | 02:27 pm

TEMPO.CO, Jakarta - The state-owned tin mining giant PT Timah plans to hold an Extraordinary General Meeting of Shareholders at Hotel Borobudur, Jakarta, at 03:00 p.m. local time, Wednesday, October 29, 2025. The management of the issuer with code TINS has announced this plan at the Indonesia Stock Exchange on Tuesday, October 14, 2025.

The meeting has one agenda, which is to approve changes to PT Timah's board of management.

Throughout the first semester of 2025, PT Timah recorded revenues of Rp4.22 trillion, a 19 percent drop compared to the same period last year with Rp5.21 trillion.

"Along with a slowdown in tin metal sales volume," said the Finance Director and Risk Management of PT Timah, Fina Eliani, in a disclosure of information on Friday, August 1, 2025.

Meanwhile, the company's cost of revenues decreased by 15.6 percent from Rp4 trillion to Rp3.37 trillion. Then, the net profit in the first half of 2025 was recorded at Rp300.07 billion, or 93 percent of the target of Rp322.64 billion. PT Timah's net profit dropped by about 30.9 percent compared to the same period last year, which was Rp434 billion.

PT Timah's asset value in the first half of 2025 slipped by 4 percent to Rp12.33 trillion from Rp12.8 trillion at the end of 2024. Meanwhile, the company's liability position stood at Rp5.03 trillion, down 6 percent compared to the position at the end of 2024, which was Rp5.35 trillion. The decrease occurred due to the repurchase of all medium-term notes.

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