INALUM Records Highest Performance and Operational Record in Half a Century of Company Journey
Inalum records revenue growth of 10 percent
REPUBLIKA.CO.ID, JAKARTA - PT Indonesia Asahan Aluminium or INALUM, a member of the MIND ID Group, held the Annual General Meeting of Shareholders (AGMS) for the 2025 Fiscal Year at the INALUM Office, Energy Building, Sudirman Central Business District (SCBD), Jakarta, on Monday (19/6). In the meeting, shareholders approved five agenda items, including the ratification of the Annual Report and Consolidated Financial Statements, the use of the Company's net profit, and changes in the composition of the Company's management.
The AGMS approved and ratified the Company's Consolidated Financial Statements for the 2025 Fiscal Year with a fair opinion in all material respects from the Public Accounting Firm Purwanto, Susanti and Surja (a member firm of Ernst & Young Global Limited). Upon this ratification, the GMS granted full release and discharge (volledig acquit et de charge) to all members of the Board of Directors and Board of Commissioners for their management and supervision actions during the 2025 Fiscal Year.
"The achievements of Fiscal Year 2025 are the result of consistent operational transformation, increased efficiency, and collaboration among all INALUM personnel and the support of the MIND ID Group. This best performance in the company's history is evidence that the competitiveness strengthening and downstreaming strategies we have implemented have yielded tangible results," said Mahyaruddin A.R., Corporate Secretary of PT INALUM.
Throughout the 2025 Fiscal Year, INALUM recorded the strongest financial performance in the 50 years since the Company's establishment. The Company's revenue grew by 10% compared to the previous year, driven by increased sales volume and better commodity selling prices. Consolidated net profit rose 15% year-on-year, while EBITDA grew by 17%.
On the operational side, INALUM recorded production of 280,082 mt, an increase of about 2% compared to the previous year (yoy). Meanwhile, sales reached 280,141 mt in Fiscal Year 2025, an increase of about 1% compared to the previous year (yoy). Both achievements are all-time highs in the Company's 50-year history. This achievement was supported by the completion of the Pot Upgrading Project, which increased installed production capacity to approximately 274,000 tons per year through upgrading the reduction furnace technology to 235 kA current in 170 furnaces in Potline 2.
INALUM's performance is also reflected in the assessment of corporate governance and health. The Company obtained a "AA" Health Level with a "Healthy" classification, supported by a Final Rating of idAA-/Stable and Standalone Rating of idA+(sa) from PEFINDO. The Collegial Key Performance Indicators (KPI) achievement for 2025 was recorded at 85.54 percent (Audited), with a Composite Risk Rating at Rating 2.
In terms of the implementation of Good Corporate Governance (GCG), the adoption level of the ASEAN Corporate Governance Scorecard (ACGS) principles at INALUM is projected to increase to 87.54 percent in Fiscal Year 2025, from 81.01 percent in the previous year, following up on all improvement recommendations.
Throughout 2025, INALUM implemented Social and Environmental Responsibility (TJSL) programs in an integrated and impact-measured manner. Priority programs included providing scholarships to 145 recipients, training for 110 teachers, planting 15,000 mangrove trees, constructing Solar Power Plants (PLTS) in three locations, and channeling funding to micro and small businesses. These programs were carried out through a Strategic Empowerment and Strategic Engagement approach aligned with international best practices.
Changes in the Composition of the Company's Management
In the AGMS for the 2025 Fiscal Year, shareholders also approved changes in the composition of the Company's management. The composition of the Board of Commissioners and Board of Directors of PT INALUM resulting from the 2025 Fiscal Year AGMS is as follows:
Board of Commissioners: • President Commissioner and Independent Commissioner: Musa Bangun • Commissioner: Indra Simarta • Commissioner: Ali Said • Independent Commissioner: Hari Soebagijo • Commissioner: Kardwiyana Ukar
Board of Directors: • President Director: Melati Sarnita • Director of Finance: Ken Permana • Director of Operations: Ivan Ermisyam • Director of Corporate Strategy, Business Development, and Commercial: Arif Haendra • Director of Human Resources & Business Transformation: Kemal Sudiro
With the new management, INALUM is optimistic about continuing the growth momentum, strengthening national aluminum downstreaming, and providing sustainable contributions to the country and all stakeholders.
