United Tractors Reports 24% Drop in Net Profit to IDR 14.8 Trillion in 2025
PT United Tractors Tbk. (UNTR) experienced a 24% decline in net profit to IDR 14.8 trillion in 2025, primarily due to lower contributions from mining contractors and thermal coal, hindered by heavy rainfall and reduced coal prices, despite a rise in gold prices.
Consolidated net revenue decreased by 2% to IDR 131.3 trillion, with the mining contractor segment contributing IDR 54.1 trillion (down 7%). The construction machinery segment reported IDR 36.6 trillion (down 2%), while the thermal coal segment reached IDR 24.2 trillion (down 7%).
The gold and other minerals segment rose 41% to IDR 14.0 trillion. Heavy equipment sales were dominated by the mining sector at 60%. PT Agincourt Resources and PT Sumbawa Jutaraya recorded a total gold sales equivalent of 227,000 ounces, a 2% decline from 2024. Nickel sales reached 2.1 million wet metric tons, affected by asset impairment in 2024.
