Strong track record of revenue growth driven by higher production in mining and nickel processing facilities (smelter). 

Healthy double digit growth of gross profit, EBITDA and profit attributable to owners of the parent company.

Slower growth of performance’s EBITDA and and profit attributable to owners of the parent company in FY23wasdue to lower global nickel and cobalt prices.

Higher demand of nickel ore in FY23 was coming from the commissioned of 3rd line of HPAL (HPL) and also completion of 8 production lines of RKEF (HJF). Therefore, TBP has total of 12 production lines with 120,000 tons contained Ni/year of FeNi capacity and 3 production lines of HPAL with total capacity 55,000 tons contained Ni/year of MHP by the end of 2023.

HJF RKEF telah menyelesaikan 2 jalur produksinya pada akhir 2022. Jalur produksi ke-3, ke-4, dan ke-5 diselesaikan masing-masing pada Januari 2023, Februari 2023, dan Maret 2023. Sisa 3 jalur produksi selesai pada Mei 2023. HJF mencapai kapasitas produksi 100% pada akhir Agustus 2023, yang mendorong pertumbuhan signifikan penjualan feronikel (FeNi) secara tahunan.

Rata-rata produksi aktual HJF pada periode Agustus–Desember 2023 telah mencapai 8.508 ton nikel per bulan dalam bentuk FeNi, atau 7% di atas kapasitas terpasang. 

Produksi FY23 HJF mencapai 72.409 ton nikel dalam bentuk FeNi, atau 11% di atas target produksi 2023. Begitu pula dengan produksi FY23 MSP yang melampaui kapasitas terpasang sebesar 14%, yaitu mencapai 28.482 ton nikel dalam bentuk FeNi. Secara keseluruhan, total produksi berada 13% di atas target produksi tahun 2023.

HJF RKEF has completed 2 production lines by end of 2022. The 3rd, 4th, and 5th production lines were completed in January 2023, February 2023 and March 2023, respectively. The remaining 3 production lines completed by May 2023. HJF reach 100% production capacity in end of August 2023, thus it drives the significant growth of FeNi sales YoY. 

Actual average production of HJF in August-December 2023 already reached 8,508 tons contained Ni/month of FeNi, above 7% from the name plate capacity. 

FY23 production of HJF reached 72,409 tons contained Ni of FeNi, above 11% from the target production in 2023. as well as FY23 production of MSP, which also reached 14% above the nameplate capacity of 28,482 tons contained Ni of FeNi. All together, productions are above 13% of the target production in 2023.

HPL started to export Nickel Sulfate in June 2023. Further more, in July 2023 HPL started to export Cobalt Sulfate.

FY23 production of HPL reach 63,655 tons contained Ni of MHP, above 12% from the name plate capacity.

In HPAL production output, Nickel Sulfate production output is part of MHP production output, because Nickel Sulfate is a product conversion from MHP. While in sales volume, total sales volume in FY23 will be MHP volume + Nickel Sulfate volume.