Indonesian Gold Mining Companies Shine in Q3 2025

Strong Performance Driven by Rising Gold Prices

The rising trend in global gold prices has significantly benefited Indonesian gold mining companies, particularly PT Aneka Tambang Tbk (ANTM). The company's financial results for Q3 2025 show a substantial improvement in both sales and profitability.

Key Highlights:

• Sales Growth: ANTM recorded a 67% year-on-year increase in sales, reaching Rp 72.03 trillion for the nine-month period ending September 2025.
• Gold Segment Dominance: The gold segment accounted for approximately 81% of ANTM's total sales during this period, with revenue from gold sales surging 64% yoy to Rp 58.67 trillion.
• Volume Increase: The company saw a 20% yoy rise in gold sales volume, reaching 1.10 million troy ounces.
• Profit Surge: ANTM's net profit for the period jumped 197% yoy to Rp 6.61 trillion, demonstrating the strong operational and financial performance.

Market Implications

The robust performance of ANTM and potentially other gold mining companies in Indonesia is likely to continue beyond Q3 2025, supported by favorable gold prices and increasing demand. This trend could have positive implications for the overall mining sector in Indonesia, potentially attracting more investment and boosting economic activity related to this industry.