PT Timah profit jumps 584% as tin prices and sales rise
The Indonesian state-owned miner reported revenue of Rp16.15 trillion, up 144% from the corresponding period a year earlier.
Indonesian state-owned miner PT Timah (Persero) Tbk reported third-quarter 2026 net profit of Rp4.12 trillion, a 584% year-on-year increase, amid higher global tin prices. Revenue reached Rp16.15 trillion, rising 144% from the same period a year earlier.
Management attributed the revenue increase to greater sales volumes and higher average tin selling prices in a statement dated 30 October 2026. The company sold 16,304 metric tonnes of tin, up 72% from 9,469 metric tonnes. Its average selling price through the third quarter rose 52% to US$51,011 per metric tonne from US$33,596.
Operating profit increased 594% to Rp5.60 trillion from Rp807.25 billion, while EBITDA rose 323% to Rp6.18 trillion from Rp1.46 trillion in the third quarter of 2025.
Tin ore production reached 18,883 tonnes Sn, up 55% from 12,190 tonnes Sn in the third quarter of 2025. Refined tin output increased 49% to 16,190 metric tonnes Sn, compared with 10,855 metric tonnes Sn in the first nine months of 2025.
Across the first nine months of 2026, the average London Metal Exchange tin cash settlement price was US$51,636.61 per metric tonne, up 57.55% from US$32,775.58 a year earlier.
At 30 September 2026, PT Timah reported assets of Rp17.26 trillion, 26% above the end-2025 level. Liabilities increased about 1% to Rp5.29 trillion, while equity climbed 42% to Rp11.97 trillion.
