Board Change • May 20
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. No independent directors (12 non-independent directors). Independent President Commissioner Sharif Sutardjo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • May 12
PT Bumi Resources Tbk, Annual General Meeting, Jun 18, 2026 PT Bumi Resources Tbk, Annual General Meeting, Jun 18, 2026. Duyuru • Apr 29
PT Bumi Resources Tbk (IDX:BUMI) entered into a Scheme Implementation Deed to acquire Loyal Metals Limited (ASX:LLM) from PMET Resources Inc. (TSX:PMET), Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd, Youssa PTY Ltd and others for AUD 78.1 million. PT Bumi Resources Tbk (IDX:BUMI) entered into a Scheme Implementation Deed to acquire Loyal Metals Limited (ASX:LLM) from PMET Resources Inc. (TSX:PMET), Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd, Youssa PTY Ltd and others for AUD 78.1 million on April 27, 2026. A cash consideration of AUD 0.45 million valued at AUD 0.15 per share and of AUD 77.72 million valued at AUD 0.45 per share will be paid by PT Bumi Resources Tbk. As part of consideration, AUD 0.45 million is paid towards In-the-Money Options options, AUD 6.95 million is paid towards Performance Rights rights, AUD 3.15 million is paid towards Performance Shares common equity and AUD 67.62 million is paid towards common equity of Loyal Metals Limited. In case of termination of transaction, PT Bumi Resources Tbk will pay a termination fee of AUD 0.75 million and PMET Resources Inc., Bronco Dino Pty Ltd, Evan's Leap Holdings Pty Ltd, Hale Court Holdings Pty Ltd, Ikigai Strategic Investments Pty Ltd and Youssa PTY Ltd will pay a termination fee of AUD 0.75 million. The Transaction is to be funded from BUMI’s existing cash reserves and/or available financing facilities. Loyal Metals Limited Directors unanimously support the Scheme and recommended that Loyal shareholders vote in favour of the Scheme. The transaction is subject to approval by Australian Foreign Investment Review Board, the requisite Court approvals approval by Loyal Metals Limited shareholders, completion of the Highway Project Acquisition and independent expert concluding that the scheme is in the best interests of Loyal shareholders. The transaction is expected to close in mid August 2026.
Canaccord Genuity Financial Limited acted as financial advisor for Loyal Metals Limited. Steinepreis Paganin acted as legal advisor for Loyal Metals Limited. Duyuru • May 08
PT Bumi Resources Tbk, Annual General Meeting, Jun 02, 2025 PT Bumi Resources Tbk, Annual General Meeting, Jun 02, 2025. Location: js luwansa hotel ballroom 2lantai 1 jl. h.r., rasuna said kav. c-22 jakarta 12940, indonesia. kota adm. jakarta selatan dki., jakarta Indonesia Duyuru • Nov 28
PT Bumi Resources Tbk has filed a Follow-on Equity Offering in the amount of IDR 221.905213 million. PT Bumi Resources Tbk has filed a Follow-on Equity Offering in the amount of IDR 221.905213 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,413,409
Price\Range: IDR 157
Transaction Features: Rights Offering Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0 (vs US$0 in 2Q 2023) Second quarter 2024 results: EPS: US$0 (in line with 2Q 2023). Revenue: US$284.8m (down 34% from 2Q 2023). Net income: US$17.3m (down 20% from 2Q 2023). Profit margin: 6.1% (up from 5.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Duyuru • Apr 26
PT Bumi Resources Tbk, Annual General Meeting, May 30, 2024 PT Bumi Resources Tbk, Annual General Meeting, May 30, 2024. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0 (vs US$0.003 in FY 2022) Full year 2023 results: EPS: US$0 (down from US$0.003 in FY 2022). Revenue: US$1.68b (down 8.2% from FY 2022). Net income: US$10.9m (down 98% from FY 2022). Profit margin: 0.7% (down from 29% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0 (vs US$0.001 in 3Q 2022) Third quarter 2023 results: EPS: US$0 (down from US$0.001 in 3Q 2022). Revenue: US$288.5m (down 32% from 3Q 2022). Net loss: US$23.6m (down 112% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$431.4m (down 30% from 2Q 2022). Net income: US$21.6m (down 83% from 2Q 2022). Profit margin: 5.0% (down from 20% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Duyuru • May 26
PT Bumi Resources Tbk, Annual General Meeting, Jun 30, 2023 PT Bumi Resources Tbk, Annual General Meeting, Jun 30, 2023. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$454.9m (up 30% from 1Q 2022). Net income: US$60.2m (up 39% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$0.003 (vs US$0.002 in FY 2021) Full year 2022 results: EPS: US$0.003 (up from US$0.002 in FY 2021). Revenue: US$1.83b (up 82% from FY 2021). Net income: US$525.3m (up 213% from FY 2021). Profit margin: 29% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 9.6% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 10 non-independent directors. Corporate Secretary, Chief IR & Corsec and Independent Director Dileep Srivastava was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: US$0.001 (vs US$0 in 2Q 2021) Second quarter 2022 results: EPS: US$0.001 (up from US$0 in 2Q 2021). Revenue: US$618.8m (up 168% from 2Q 2021). Net income: US$124.4m (up US$110.9m from 2Q 2021). Profit margin: 20% (up from 5.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Duyuru • Sep 02
PT Bumi Resources Tbk to Report First Half, 2022 Results on Sep 01, 2022 PT Bumi Resources Tbk announced that they will report first half, 2022 results on Sep 01, 2022 Duyuru • Jul 02
PT Bumi Resources Tbk, Annual General Meeting, Jul 29, 2022 PT Bumi Resources Tbk, Annual General Meeting, Jul 29, 2022. Reported Earnings • May 01
Full year 2021 earnings released Full year 2021 results: Revenue: US$1.01b (up 28% from FY 2020). Net income: US$168.0m (up US$506.0m from FY 2020). Profit margin: 17% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 10 non-independent directors. Corporate Secretary, Chief IR & Corsec and Independent Director Dileep Srivastava was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.001 (up from US$0.001 loss in 3Q 2020). Revenue: US$244.3m (up 66% from 3Q 2020). Net income: US$61.8m (up US$113.0m from 3Q 2020). Profit margin: 25% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of US$206.5m, with earnings decreasing by US$296.8m from the prior year. Total revenue was US$948.6m over the last 12 months, down 8.8% from the prior year. Duyuru • Sep 21
PT Bumi Resources Tbk(IDX:BUMI) dropped from S&P Global BMI Index PT Bumi Resources Tbk(IDX:BUMI) dropped from S&P Global BMI Index