Merdeka Copper Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:B0C Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
18 Feb 26	Buy€24,063	Andrew Phillip Starkey	Individual		150,000	€0.16
09 Feb 26	Buy€22,927	Andrew Phillip Starkey	Individual		150,000	€0.15

Insider Trading Volume

Insider Buying: B0C insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of B0C?
Owner Type	Number of Shares	Ownership Percentage
State or Government	973,250,000	3.99%
Institutions	1,304,784,148	5.34%
Public Companies	1,337,254,738	5.48%
Individual Insiders	2,080,895,718	8.52%
Private Companies	2,907,302,421	11.9%
VC/PE Firms	4,739,493,062	19.4%
General Public	11,073,027,284	45.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 54.22% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19.4%	PT Saratoga Investama Sedaya Tbk	4,739,493,062	€874.5m	-0.55%	76.43%
11.9%	Pt Mitra Daya Mustika	2,907,302,421	€536.4m	0%	no data
7.48%	Garibaldi Thohir	1,826,062,554	€336.9m	0%	no data
5.48%	PT Provident Investasi Bersama Tbk	1,337,254,738	€246.7m	-0.74%	no data
3.99%	Pemerintah Kabupaten Banyuwangi	973,250,000	€179.6m	0%	no data
2.05%	The Vanguard Group, Inc.	500,460,297	€92.3m	0.47%	no data
1.07%	BlackRock, Inc.	262,094,410	€48.4m	6.89%	no data
0.72%	Gavin Caudle	176,226,836	€32.5m	0%	no data
0.4%	Norges Bank Investment Management	97,149,439	€17.9m	-37.1%	no data
0.36%	GWL Investment Management Ltd.	87,203,500	€16.1m	142%	0.03%
0.29%	Hardi Liong	69,596,728	€12.8m	0%	no data
0.15%	Dimensional Fund Advisors LP	37,586,515	€6.9m	0.92%	no data
0.15%	Schroder Investment Management Limited	37,216,827	€6.9m	0%	no data
0.12%	Van Eck Associates Corporation	30,517,001	€5.6m	5.29%	no data
0.12%	Eastspring Investments (Singapore) Limited	29,850,750	€5.5m	0%	0.02%
0.11%	State Street Global Advisors, Inc.	27,739,555	€5.1m	1.35%	no data
0.072%	UBS Asset Management AG	17,487,423	€3.2m	0%	no data
0.066%	Candriam, Société En Commandite Par Actions	16,000,000	€3.0m	0%	0.01%
0.06%	Charles Schwab Investment Management, Inc.	14,693,532	€2.7m	0%	no data
0.043%	SEI Investments Company	10,458,000	€1.9m	0%	no data
0.04%	Geode Capital Management, LLC	9,836,152	€1.8m	5.52%	no data
0.034%	La Caisse de dépôt et placement du Québec	8,328,123	€1.5m	0%	no data
0.031%	Phoenix Unit Trust Managers Limited	7,666,000	€1.4m	0%	no data
0.031%	American Century Investment Management Inc	7,513,409	€1.4m	0%	no data
0.028%	Legal & General Investment Management Limited	6,864,400	€1.3m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/05 14:44
End of Day Share Price	2026/03/05 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 Copper Gold Tbk is covered by 29 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jacquelin Hamdani	CGS International
Yan Chen	China International Capital Corporation Limited
Tingshuai Feng	China International Capital Corporation Limited