Board Change • May 20
No independent directors There are 11 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: 11 new directors. 1 experienced director. No highly experienced directors. No independent directors (7 non-independent directors). Director of Finance & Risk Management and Director Fina Eliani is the most experienced director on the board, commencing their role in 2022. Independent Commissioner Yuslih Mahendra 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. お知らせ • May 07
PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026 PT TIMAH Tbk, Annual General Meeting, Jun 12, 2026. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Agus Panjaitan was the last independent director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • May 07
PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025 PT TIMAH Tbk, Annual General Meeting, Jun 12, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released: EPS: Rp63.65 (vs Rp13.93 loss in 3Q 2023) Third quarter 2024 results: EPS: Rp63.65 (up from Rp13.93 loss in 3Q 2023). Revenue: Rp3.04t (up 68% from 3Q 2023). Net income: Rp474.3b (up Rp578.0b from 3Q 2023). Profit margin: 16% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: Rp53.75 (vs Rp4.57 loss in 2Q 2023) Second quarter 2024 results: EPS: Rp53.75 (up from Rp4.57 loss in 2Q 2023). Revenue: Rp3.16t (up 32% from 2Q 2023). Net income: Rp404.9b (up Rp438.9b from 2Q 2023). Profit margin: 13% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: Rp4.00 (vs Rp6.75 in 1Q 2023) First quarter 2024 results: EPS: Rp4.00 (down from Rp6.75 in 1Q 2023). Revenue: Rp2.06t (down 5.3% from 1Q 2023). Net income: Rp29.5b (down 41% from 1Q 2023). Profit margin: 1.4% (down from 2.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2023 earnings released Full year 2023 results: Revenue: Rp8.39t (down 33% from FY 2022). Net loss: Rp449.7b (down 143% from profit in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 09
Now 69% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to €0.043. The fair value is estimated to be €0.025, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.6% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. Reported Earnings • Sep 06
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: Rp2.40t (down 22% from 2Q 2022). Net loss: Rp34.0b (down 107% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2023 earnings released First quarter 2023 results: Revenue: Rp2.17t (down 51% from 1Q 2022). Net income: Rp50.3b (down 92% from 1Q 2022). Profit margin: 2.3% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 24
Now 32% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €0.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 27% in 2 years. Earnings is forecast to decline by 58% in the next 2 years. Reported Earnings • Mar 17
Full year 2022 earnings released Full year 2022 results: Revenue: Rp13t (down 14% from FY 2021). Net income: Rp1.04t (down 20% from FY 2021). Profit margin: 8.3% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 17% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors There are 9 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: 9 new directors. 2 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Business Development & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 07
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: Rp3.09t (down 9.9% from 2Q 2021). Net income: Rp480.6b (up 85% from 2Q 2021). Profit margin: 16% (up from 7.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to fall by 3.4% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Upcoming Dividend • May 30
Upcoming dividend of Rp61.22 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 June 2022. The company last paid an ordinary dividend in August 2011. The average dividend yield among industry peers is 7.6%. Board Change • Apr 27
No independent directors There are 9 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: 9 new directors. 3 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director of Operation and Production & Director Alwin Albar is the most experienced director on the board, commencing their role in 2017. Independent Commissioner Agus Panjaitan 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: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 15
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: Rp3.83t (down 1.7% from 3Q 2020). Net income: Rp341.9b (up 153% from 3Q 2020). Profit margin: 8.9% (up from 3.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Reported Earnings • Sep 05
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: Rp3.42t (down 4.7% from 2Q 2020). Net income: Rp259.7b (up Rp235.6b from 2Q 2020). Profit margin: 7.6% (up from 0.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 15
Full year 2020 earnings released: Rp45.17 loss per share (vs Rp81.74 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: Rp15t (down 21% from FY 2019). Net loss: Rp336.4b (loss narrowed 45% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS Rp17.76 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: Rp3.90t (down 21% from 3Q 2019). Net income: Rp135.3b (up Rp528.9b from 3Q 2019). Profit margin: 3.5% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 107% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. お知らせ • Aug 13
PT Pertamina Bina Medika entered into a deed of sale and purchase of shares to acquire 67% stake in PT Rumah Sakit Bakti Timah from PT TIMAH Tbk (IDX:TINS) for approximately IDR 150 billion. PT Pertamina Bina Medika entered into a deed of sale and purchase of shares to acquire 67% stake in PT Rumah Sakit Bakti Timah from PT TIMAH Tbk (IDX:TINS) for approximately IDR 150 billion on August 7, 2020. Under the terms of the transaction, PT Pertamina Bina Medika will acquire 14.8 million shares in PT Rumah Sakit Bakti Timah. As a consideration, PT Pertamina Bina Medika will issue a total of 518,889 shares to PT TIMAH Tbk. As a result of the transaction, PT TIMAH Tbk will own 1.78% stake in PT Pertamina Bina Medika. PT TIMAH Tbk appointed Ruky, Safrudin & Rekan Public Appraisal to conduct a stock valuation and the fairness of the transaction.