PT United Tractors Tbk reported a slight increase in net revenue for Q3 2025 and announced a significant share buyback program while acquiring a gold mining company to enhance its growth strategy.

Target Company Overview

PT United Tractors Tbk, a prominent player in Indonesia's mining and construction sectors, recently reported its consolidated financial results for the third quarter of 2025. The company achieved a net revenue of Rp100.5 trillion, reflecting a slight increase of 1% from Rp99.6 trillion in the same period of 2024. This revenue is primarily derived from several business segments including Construction Machinery, Mining Contractors, Thermal and Metallurgical Coal Mining, and Gold and Other Minerals.

The Construction Machinery segment generated Rp29.3 trillion, an 11% increase from last year, while the Mining Contractors segment, operated by PT Pamapersada Nusantara, saw a decrease of 8% to Rp40.2 trillion. The Thermal and Metallurgical Coal segment's revenue decreased by 9% to Rp18.8 trillion, attributed to lower coal selling prices. Conversely, revenue from Gold and Other Minerals surged 53% to Rp10.3 trillion due to a rise in both sales and gold prices.

Industry Overview in Indonesia

The Indonesian mining sector has faced unique challenges and opportunities amid fluctuating commodity prices and adverse weather conditions. With its rich natural resources, Indonesia remains a significant player