Jakarta, 15 August 2025 – PT Amman Mineral Internasional Tbk (AMMAN) has secured the 25th position in the 2025 Fortune Indonesia 100 list, rising from 39th place last year. This significant leap reflects AMMAN’s outstanding performance in 2024, driven by solid operations, strategic growth initiatives, and valuable contributions to the national mining sector.
Throughout 2024, AMMAN delivered results beyond expectations, marked by substantial mining productivity and output increases. Production of copper, gold, and concentrate exceeded annual guidance by 6%, 7%, and 6% respectively. This achievement culminated in a historic milestone: the highest gold production ever recorded at Batu Hijau, made possible by processing high-grade ore from Phase 7. At the same time, AMMAN’s consistent focus on efficiency ensured its position as one of the lowest-cost copper producers in the world.
AMMAN’s strong operational performance in 2024 translated directly into remarkable financial results. Net sales rose 31% to US$2,664 million, compared to US$2,033 million in 2023. This growth was primarily fueled by higher gold sales volumes and stronger commodity prices—up 23% for gold and 10% for copper.
Toward the end of the year, part of the concentrate supply was strategically allocated to support the initial stages of smelter operations. Gold contributed approximately 55% of total net sales, an increase from 44% in the previous year.
EBITDA climbed 40% to US$1,462 million, with margins improving from 50% to 54%. Meanwhile, net profit surged 148% to US$642 million, compared to US$259 million in 2023, lifting net profit margin from 13% to 24%. These results underscore the success of AMMAN’s disciplined cost management and ability to maximize value from every ton of ore processed.
This recognition results from the synergy, dedication, and hard work of the entire AMMAN team, alongside the invaluable support of our stakeholders. It demonstrates our ability to deliver results and our resilience in navigating a dynamic industry landscape.
Moving forward, AMMAN remains committed to maintaining financial discipline, optimizing operational efficiency, and pursuing strategic investments. With these priorities, the company aims to achieve sustainable growth while creating long-term value for the organization and Indonesia’s mining sector.
