Merdeka Copper Gold Ownership

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

Recent Insider Transactions

IDX:MDKA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Apr 26	BuyRp135,659,132	David Fowler	Individual	39,900	Rp3,399.98
30 Apr 26	BuyRp9,829,337,092	Jason Greive	Individual	289,100	Rp33,999.78
18 Feb 26	BuyRp480,002,530	Andrew Phillip Starkey	Individual	150,000	Rp3,200.02
09 Feb 26	BuyRp458,996,309	Andrew Phillip Starkey	Individual	150,000	Rp3,059.98

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of MDKA?
Owner Type	Number of Shares	Ownership Percentage
State or Government	973,250,000	3.99%
Public Companies	1,337,254,738	5.48%
Institutions	1,383,977,599	5.67%
Individual Insiders	2,082,866,318	8.53%
Private Companies	2,907,302,421	11.9%
VC/PE Firms	4,739,493,062	19.4%
General Public	10,992,757,933	45%

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

Top Shareholders

Top 25 shareholders own 54.67% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19.4%	PT Saratoga Investama Sedaya Tbk	4,739,493,062	Rp12.0t	0%	72.19%
11.9%	Pt Mitra Daya Mustika	2,907,302,421	Rp7.4t	0%	no data
7.48%	Garibaldi Thohir	1,826,062,554	Rp4.6t	0%	no data
5.48%	PT Provident Investasi Bersama Tbk	1,337,254,738	Rp3.4t	0%	no data
3.99%	Pemerintah Kabupaten Banyuwangi	973,250,000	Rp2.5t	0%	no data
1.57%	Vanguard Capital Management, LLC	384,212,596	Rp975.9b	0.42%	no data
1.01%	BlackRock, Inc.	245,778,270	Rp624.3b	-2.09%	no data
0.8%	GWL Investment Management Ltd.	195,762,421	Rp497.2b	63%	0.03%
0.72%	Gavin Caudle	176,226,836	Rp447.6b	0%	no data
0.43%	Vanguard Fiduciary Trust Company	104,375,600	Rp265.1b	0%	no data
0.4%	Norges Bank Investment Management	97,149,439	Rp246.8b	0%	no data
0.34%	Manulife Asset Management	83,255,827	Rp211.5b	0%	0.01%
0.29%	Hardi Liong	69,596,728	Rp176.8b	0%	no data
0.15%	Eastspring Investments (Singapore) Limited	36,758,350	Rp93.4b	0%	0.02%
0.14%	Dimensional Fund Advisors LP	33,733,156	Rp85.7b	0.21%	no data
0.11%	State Street Global Advisors, Inc.	26,869,439	Rp68.2b	0.6%	no data
0.071%	Van Eck Associates Corporation	17,288,948	Rp43.9b	7.69%	no data
0.067%	Vanguard Asset Management, Limited	16,340,964	Rp41.5b	2.56%	no data
0.06%	Charles Schwab Investment Management, Inc.	14,643,180	Rp37.2b	-0.34%	no data
0.059%	Fidelity International Ltd	14,492,513	Rp36.8b	0%	no data
0.05%	UBS Asset Management AG	12,276,250	Rp31.2b	-0.19%	no data
0.047%	Geode Capital Management, LLC	11,416,820	Rp29.0b	13%	no data
0.038%	Mirae Asset Global Investments Co., Ltd.	9,378,653	Rp23.8b	59.5%	no data
0.034%	La Caisse de dépôt et placement du Québec	8,229,459	Rp20.9b	0%	no data
0.032%	SEI Investments Company	7,925,700	Rp20.1b	9.62%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/13 19:40
End of Day Share Price	2026/06/12 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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

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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 23 analysts. 12 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