PT Merdeka Gold Resources Tbk

DB:8ZS Stock Report

Market Cap: €5.1b

Merdeka Gold Resources Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Boyke Abidin

Chief executive officer

US$92.0k

Total compensation

CEO salary percentage94.57%
CEO tenure1yr
CEO ownershipn/a
Management average tenureno data
Board average tenureless than a year

Recent management updates

Recent updates

CEO Compensation Analysis

How has Boyke Abidin's remuneration changed compared to Merdeka Gold Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025US$92kUS$87k

-US$27m

Sep 30 2025n/an/a

-US$26m

Jun 30 2025n/an/a

-US$25m

Mar 31 2025n/an/a

-US$18m

Dec 31 2024US$94kn/a

-US$13m

Dec 31 2023US$97kn/a

-US$7m

Compensation vs Market: Boyke's total compensation ($USD92.00K) is below average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Boyke's compensation has been consistent with company performance over the past year.


CEO

Boyke Abidin (62 yo)

1yr
Tenure
US$92,000
Compensation

Mr. Boyke Poerbaya Abidin, B.Sc. is President Director of PT Merdeka Gold Resources Tbk from June 12, 2025 and serves as its Director since July 01, 2020. Mr. Abidin was Chief External Affairs of PT Merdek...


Board Members

NamePositionTenureCompensationOwnership
Boyke Abidin
President Director5.9yrsUS$92.00kno data
Heri Sunaryadi
Independent Commissioner1yrno datano data
John Mackay McCulloch Williamson
Independent Commissionerless than a yearno datano data
Winato Kartono
Commissionerless than a yearno data3.73%
€ 189.5m
Santoso Kartono
President Commissionerless than a yearno datano data
Suryadinata Tanu
Directorless than a yearno datano data
Nicholas Green
Directorless than a yearno data0.0020%
€ 103.8k
Yu Gao
Independent Commissionerless than a yearno datano data
Xinyu Wang
Commissionerless than a yearno data0.010%
€ 507.6k
Jona Putri
Independent Commissionerless than a yearno datano data
Barend Johannes Knoetze
Directorless than a yearno datano data
0.2yrs
Average Tenure
55yo
Average Age

Experienced Board: 8ZS's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/25 01:03
End of Day Share Price 2026/06/25 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT Merdeka Gold Resources Tbk is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ari JahjaMacquarie Research
Dony SetiadyMacquarie Research
Ahmad UsmanNomura Securities Co. Ltd.