Trimegah Bangun Persada

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Harita Nickel Announces IDR 1.6 Trillion in Dividends While Recording a Solid Growth

27 June 2024

Jakarta, 27 June 2024 -- PT Trimegah Bangun Persada Tbk (NCKL) or Harita Nickel, an integrated and sustainable nickel mining and processing company, announced its solid financial performance and operational growth, along with dividend distribution. This was conveyed during the Annual General Meeting of Shareholders (AGMS) and Public Expose held today at Sheraton Grand Jakarta Gandaria City Hotel.

During the RUPST, the company reported revenue of Rp23.86 trillion in 2023, a 149.4% increase from the previous year. Additionally, the company recorded a net profit attributable to the owners of the parent company for the 2023 fiscal year of Rp 5.62 trillion, up 20.4% from the previous year. Based on this profit, the company declared a cash dividend of 30% or approximately Rp1.6 trillion. A reserve fund of 0.18% or Rp10 billion was established, while the remaining profit was recorded as retained earnings to support operational and business development activities.

In the AGMS, the shareholders also approved the repurchase of shares issued by the company in accordance with Financial Services Authority (OJK) Regulation No. 29 of 2023. The company will allocate a maximum of IDR 1,000,000,000,000 for this share repurchase plan, with the execution period within 12 (twelve) months after obtaining approval.

Harita Nickel’s President Director, Roy Arman Arfandy, emphasized the importance of cautious expansion in facing global challenges. "We are committed to continuing wise investments and developing production facilities that can increase the volume and added value of the products we produce. We will maintain a healthy and strong financial position to anticipate future working capital needs," said Roy.

During the Public Expose, Roy also presented the company's operational and financial performance, as well as various ongoing development projects. In the first quarter of 2024, mining production reached 5.88 million wet metric tons (wmt), an increase of 38% from the previous year's period. The production came from two operating mines (PT. TBP and PT. GPS), while three other mines (PT. JMP, PT. OAM, and PT. GTS) are still in the exploration stage.

The construction of the HPAL (ONC) facility also showed significant progress. The first production line of this second HPAL facility (ONC) has reached full production capacity by the end of May 2024. The second production line started operations in June 2024, while the third line is scheduled to start in August 2024.

Harita Nickel, together with its strategic partner, has also established two new companies, PT Bhakti Bumi Sentosa (BBS) and PT Cipta Kemakmuran Mitra (CKM). PT BBS aims to recycle waste materials from HPAL production into valuable commodities, while PT CKM aims to produce limestone into quicklime to reduce production costs from HPAL facilities.

Harita Nickel also reaffirmed the company's commitment to sustainability. In terms of governance and reporting standards, various standards and certifications have been met and are currently in process, including the Initiative for Responsible Mining Assurance (IRMA). IRMA is a comprehensive standard for responsible mining and mineral processing, supported by various stakeholders. The company has completed the self-assessment process and is currently undergoing an audit. In addition to IRMA, the company is also registered as an active facility for the Responsible Minerals Assurance Process (RMAP) by the Responsible Minerals Initiative (RMI) and is currently undergoing an audit for assessment.

In addition to governance and reporting standards, Harita Nickel also expressed its commitment to integrating sustainability into ecosystem protection and environmental conservation and various community development and empowerment programs. These programs include health services, education, social and cultural activities, and economic initiatives.

Additional information on the AGMS agenda

One of the agendas decided was the change in the composition of the company's Board of Directors, with the following composition of the Board of Commissioners and Directors approved:

Board of Commissioners:

  • Mr. Donald J. Hermanus, as President Commissioner;
  • Mr. Suryadi Sasmita, as Independent Commissioner; and
  • Mr. Darjoto Setyawan, as Independent Commissioner.

Board of Directors:

  • Mr. Roy Arman Arfandy, as President Director;
  • Mr. Suparsin Darmo Liwan, as Director;
  • Mr. Tonny H. Gultom, as Director;
  • Ms. Lim Sian Choo, as Director; and
  • Mr. Younsel Evand Roos, as Director.

The company will also establish a reserve fund of 0.18% or Rp 10 billion, while the remaining profit will be recorded as retained earnings to support operational activities and business development.

The company also presented a report on the realization of the use of funds from the initial public offering (IPO) amounting to approximately Rp 10 trillion, of which Rp 7.7 trillion has been realized.

The AGMS also decided on several other agendas, including approval of the company's Annual Report and Ratification of the Audited Consolidated Financial Statements of the Company and its Subsidiaries for the Fiscal Year ending December 31, 2023, the Supervisory Report of the Board of Commissioners for the Fiscal Year 2023, authorization for the Board of Commissioners to appoint a Registered Public Accounting Firm to audit the company's financial statements for the fiscal year ending December 31, 2024, determination of salaries/honoraria and other allowances for the members of the Board of Commissioners and the Board of Directors for the fiscal year 2024, and the Report on the Realization of the Use of Proceeds from the Initial Public Offering.


About Harita Nickel

PT Trimegah Bangun Persada Tbk (“TBP”) operates an integrated and sustainable nickel mining and processing on Obi Island, South Halmahera, North Maluku. Apart from having an IUP, since 2016, the Company, through its subsidiary entities, has had high-grade nickel ore (saprolite) smelters and low-grade nickel ore (limonite) processing refinery facilities since 2021 in the same operational area. These facilities are present to support the industrialization mandate of the Indonesian government. Harita Nickel is also a pioneer in Indonesia in processing and refining low-grade nickel ore (limonite) using High-Pressure Acid Leach technology. This technology is able to process limonite nickel which has not been used so far, into a product of strategic value, namely Mixed Hydroxide Precipitate (MHP). In the following process, MHP is further processed into nickel sulfate (NiSO4) and cobalt sulfate (CoSO4), which are raw materials used to make electric vehicle batteries. 

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