Bakrie Group's Mining Sector Shows Mixed Results in Q3 2025

Divergent Performance Across Subsidiaries

The Bakrie Group's mining and energy companies reported mixed financial results for the third quarter of 2025, reflecting the diverse challenges within the sector. PT Bumi Resources Tbk (BUMI), the group's coal mining arm, saw its revenue decline by 17.4% year-on-year (yoy) to $3.55 billion. This downturn was accompanied by a significant drop in net profit, which plummeted by 76.1% yoy to $29.4 million. The poor performance was attributed to the sluggish coal market conditions.

Gold Mining Segment Shows Strong Growth

In contrast, PT Bumi Resources Minerals Tbk (BRMS), the gold mining subsidiary, reported a remarkable increase in both revenue and net profit. Revenue soared by 69% yoy to $183.59 million, while net profit jumped by 129% yoy to $37.62 million. This strong performance was primarily driven by the rising global gold prices during the quarter.

Strategic Outlook and Market Implications

Despite the mixed results, both companies remain optimistic about their future prospects. The Bakrie Group continues to pursue an aggressive expansion strategy, which is expected to yield positive outcomes in the long term. The divergent performance of BUMI and BRMS highlights the varying impacts of commodity price fluctuations on different segments of the mining sector. As market conditions evolve, the group's diversified portfolio is likely to play a crucial role in maintaining its competitive edge.