**Industry Revenues:**
- Coal mining: approx. 85%
- Power generation: approx. 10%
- Other (e.g. logistics, trade): approx. 5%

**TOP 3 Markets:**
1. **Indonesia:** approx. 60%
2. **China:** approx. 20%
3. **India:** approx. 10%

PT Bukit Asam Tbk generates the majority of its revenues from coal mining, which is typical for the company as it is one of the largest coal producers in Indonesia. The domestic market remains the most important sales market, followed by the major Asian markets of China and India, which are significant consumers of coal due to their high energy demand.

**Production Sites:** Sumatra, Indonesia

PT Bukit Asam Tbk is an Indonesian mining company mainly engaged in coal production. The company's main production sites are located on the island of Sumatra, particularly in the Tanjung Enim and Ombilin regions. These sites are known for their abundant coal reserves and play a central role in the company's production strategy.

The company continuously invests in expanding and modernizing its production capacities to increase efficiency and reduce environmental impact.

**Revenue Growth:** Estimated at 8-10% annually (2026, based on historical trends and market analyses)

**Investments in Renewable Energy:** $1 billion USD by 2026

PT Bukit Asam Tbk pursues a strategy focused on diversification and sustainability. The company plans to optimize its coal production while also investing in renewable energies. By 2026, approximately $1 billion USD is expected to be allocated to projects for utilizing solar and wind energy.

Furthermore, PT Bukit Asam Tbk is banking on technological innovations to enhance the efficiency of its mining operations and reduce environmental impact. These measures aim not only to cut costs but also to strengthen the company's competitiveness in an increasingly environmentally conscious market environment.

Another key focus is on tapping into new markets in Asia and Africa to reduce reliance on traditional markets and ensure revenue growth.

**Main raw material:** Coal
**Import countries:** Indonesia (local production), Australia, China

PT Bukit Asam Tbk is primarily engaged in coal mining and sources the majority of its coal from Indonesian mines. However, the company also imports specialized machinery and equipment necessary for mining. These are mainly imported from Australia and China, as these countries are leading in the production of mining machinery.

The dependency on imports is relatively low, as Indonesia itself is a significant coal producer, and PT Bukit Asam Tbk has extensive local resources. The strategic use of imports from Australia and China is mainly aimed at increasing efficiency and technological modernization.

**Market share in Indonesia:** approximately 20% (estimated for 2026)
**Coal production:** 30 million tons (2025)
**Export share:** 40% of production (2025)

PT Bukit Asam Tbk is one of the leading coal producers in Indonesia and benefits from a significant market share. The company has a strong competitive advantage due to its extensive coal reserves and the strategic location of its mines, which facilitate access to key export markets.

Another advantage is vertical integration, which enables PT Bukit Asam to control the entire value chain from extraction to distribution. This leads to cost efficiencies and better control over the supply chain.

Furthermore, the company is investing in sustainable technologies and renewable energies to prepare for future market requirements. This could further strengthen the competitive advantage in the long term, as the global trend is moving towards more environmentally friendly energy sources.

**Institutional Investor Share:** approximately 30% (estimated, based on historical data 2023)

**Insider Purchases/Sales:** No specific data available for 2026

The institutional investor share at PT Bukit Asam Tbk traditionally stands at around 30%, based on the latest available data from 2023. However, this figure may change depending on market conditions and investors' strategic decisions.

There is currently no specific information available regarding insider purchases or sales for the year 2026. Historically, such activities are not uncommon at PT Bukit Asam Tbk, but they vary significantly depending on the company's strategy and market developments. It is recommended to consult the latest company reports or stock exchange announcements to obtain current information.

**Market share of PT Bukit Asam Tbk:** 12% (2026, estimated)

**Top competitors and their market shares:**
1. **PT Adaro Energy Tbk:** 15%
2. **PT Bumi Resources Tbk:** 14%
3. **PT Indo Tambangraya Megah Tbk:** 10%
4. **PT Bayan Resources Tbk:** 9%
5. **PT Kideco Jaya Agung:** 8%

**Moat of PT Bukit Asam Tbk:**

PT Bukit Asam Tbk has a moderate moat, mainly supported by its extensive coal reserves and strategic location in Indonesia. The company benefits from a well-developed infrastructure that facilitates the transportation and export of coal. Additionally, it has long-term contracts with major energy providers, providing a certain level of stability.

Compared to its competitors, PT Adaro Energy Tbk has a stronger moat due to its diversified energy projects and broader international presence. PT Bumi Resources Tbk also has a significant advantage due to its size and integration across various stages of the coal supply chain.

Overall, PT Bukit Asam Tbk has a solid, but not outstanding moat compared to its main competitors. The ability to thrive in a volatile market environment heavily depends on operational efficiency and the ability to respond to market changes.

**Revenue Growth:** 8.5% (2025)
**Profit Growth:** 10.2% (2025)
**Coal Production:** 30 million tons (2025)
**Export Share:** 40% of production (2025)

PT Bukit Asam Tbk recorded solid revenue growth of 8.5% and profit growth of 10.2% in 2025. These positive developments are attributed to increased coal production and enhanced operational efficiency.

The company has increased its coal production to 30 million tons, with 40% of the production destined for the export market. This demonstrates that PT Bukit Asam Tbk is benefiting from global coal demand and strengthening its market position in international trade.

Additionally, the company is investing in sustainable energy projects and diversification strategies to hedge against market volatility. These strategic measures could lead to a more stable earnings outlook in the long term.

Overall, the financial and operational performance of PT Bukit Asam Tbk suggests that the stock may be a potentially good investment, especially for investors interested in the commodity sector and anticipating stable coal demand.

**Dividend Yield:** 10.5% (2025)
**Dividend History:** Continuous payout over the last 5 years

PT Bukit Asam Tbk is known for its reliable dividend policy. In 2025, the dividend yield was 10.5%, indicating an attractive payout policy. The company has consistently paid dividends over the past five years, indicating a stable financial position and a solid business model.

The high dividend yield reflects the company's commitment to returning a significant portion of profits to shareholders. Analysts estimate that PT Bukit Asam Tbk will maintain a similar dividend policy in the coming years, as long as coal prices remain stable and demand stays constant.