Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0.002 (vs US$0.002 in 1Q 2025) First quarter 2026 results: EPS: US$0.002 (in line with 1Q 2025). Revenue: US$41.0m (up 2.9% from 1Q 2025). Net income: US$3.73m (down 14% from 1Q 2025). Profit margin: 9.1% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Annuncio • Apr 30
PT Samindo Resources Tbk, Annual General Meeting, May 21, 2026 PT Samindo Resources Tbk, Annual General Meeting, May 21, 2026. Location: fairmont hotel jl. asia afrika no.8, gelora, kecamatan tanah abang, jakarta, daerah khusus, khusus ibukota jakarta 10270 kota adm. jakarta, selatan dki. jakarta indonesia, jakarta Indonesia New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.1% net profit margin). New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.5% net profit margin). Reported Earnings • Nov 04
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0.006 in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (down from US$0.006 in 3Q 2024). Revenue: US$42.6m (down 17% from 3Q 2024). Net income: US$2.67m (down 79% from 3Q 2024). Profit margin: 6.3% (down from 25% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Board Change • Oct 28
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). President Commissioner Kang-Hyeob Lee is the most experienced director on the board, commencing their role in 2018. Independent Commissioner Sukardi Rinakit was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Apr 18
PT Samindo Resources Tbk, Annual General Meeting, May 26, 2025 PT Samindo Resources Tbk, Annual General Meeting, May 26, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: US$0.006 (vs US$0.001 in 3Q 2023) Third quarter 2024 results: EPS: US$0.006 (up from US$0.001 in 3Q 2023). Revenue: US$51.3m (up 48% from 3Q 2023). Net income: US$12.8m (up 292% from 3Q 2023). Profit margin: 25% (up from 9.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 03
Second quarter 2024 earnings released: EPS: US$0.002 (vs US$0.002 in 2Q 2023) Second quarter 2024 results: EPS: US$0.002 (in line with 2Q 2023). Revenue: US$44.7m (up 47% from 2Q 2023). Net income: US$4.81m (up 25% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to Rp1,305. The fair value is estimated to be Rp1,668, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 26%. Buy Or Sell Opportunity • Aug 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to Rp1,390. The fair value is estimated to be Rp1,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 26%. Buy Or Sell Opportunity • Jun 07
Now 22% overvalued Over the last 90 days, the stock has fallen 4.6% to Rp1,860. The fair value is estimated to be Rp1,529, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.1% over the last 3 years. Earnings per share has declined by 26%. Annuncio • May 18
PT Samindo Resources Tbk, Annual General Meeting, Jun 24, 2024 PT Samindo Resources Tbk, Annual General Meeting, Jun 24, 2024. Reported Earnings • May 10
Full year 2023 earnings released: EPS: US$0.008 (vs US$0.006 in FY 2022) Full year 2023 results: EPS: US$0.008 (up from US$0.006 in FY 2022). Revenue: US$134.2m (down 5.2% from FY 2022). Net income: US$18.5m (up 31% from FY 2022). Profit margin: 14% (up from 9.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Sep 06
Second quarter 2023 earnings released: EPS: US$0.002 (vs US$0.001 in 2Q 2022) Second quarter 2023 results: EPS: US$0.002 (up from US$0.001 in 2Q 2022). Revenue: US$30.5m (down 22% from 2Q 2022). Net income: US$3.85m (up 28% from 2Q 2022). Profit margin: 13% (up from 7.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: US$0.006 (vs US$0.012 in FY 2021) Full year 2022 results: EPS: US$0.006 (down from US$0.012 in FY 2021). Revenue: US$141.5m (down 12% from FY 2021). Net income: US$14.1m (down 48% from FY 2021). Profit margin: 9.9% (down from 17% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Commissioner Kang-Hyeob Lee is the most experienced director on the board, commencing their role in 2018. Independent Director Gilbert Nisahpih was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: US$0.001 (vs US$0.003 in 3Q 2021) Third quarter 2022 results: EPS: US$0.001 (down from US$0.003 in 3Q 2021). Revenue: US$33.4m (down 13% from 3Q 2021). Net income: US$2.02m (down 73% from 3Q 2021). Profit margin: 6.0% (down from 19% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Sep 05
Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0.004 in 2Q 2021) Second quarter 2022 results: EPS: US$0.001 (down from US$0.004 in 2Q 2021). Revenue: US$39.3m (down 6.6% from 2Q 2021). Net income: US$3.01m (down 63% from 2Q 2021). Profit margin: 7.6% (down from 19% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buying Opportunity • Sep 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.6%. The fair value is estimated to be Rp2,042, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp1,430, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 11x in the Oil and Gas industry in Indonesia. Total returns to shareholders of 22% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$0.001 (vs US$0.003 in 1Q 2021) First quarter 2022 results: EPS: US$0.001 (down from US$0.003 in 1Q 2021). Revenue: US$31.2m (down 22% from 1Q 2021). Net income: US$1.90m (down 67% from 1Q 2021). Profit margin: 6.1% (down from 14% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Director Jung Kim is the most experienced director on the board, commencing their role in 2017. Independent Director Gilbert Nisahpih was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.003 (vs US$0.001 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$38.2m (up 9.8% from 3Q 2020). Net income: US$7.33m (up 222% from 3Q 2020). Profit margin: 19% (up from 6.5% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS US$0.01 (vs US$0.012 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: US$173.5m (down 32% from FY 2019). Net income: US$22.5m (down 14% from FY 2019). Profit margin: 13% (up from 10% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 11
New 90-day high: Rp1,365 The company is up 20% from its price of Rp1,135 on 14 October 2020. The Indonesian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 33% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: Rp1,255 The company is up 8.0% from its price of Rp1,160 on 10 September 2020. The Indonesian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 06
New 90-day high: Rp1,200 The company is up 8.0% from its price of Rp1,115 on 07 August 2020. The Indonesian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 6.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of US$21.7m, down 23% from the prior year. Total revenue was US$197.8m over the last 12 months, down 22% from the prior year.