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United Tractors Recorded Net Income of Rp15.6 Trillion

On 30 October 2024, United Tractors (UT/the Company) released its consolidated financial statements for the first nine months of 2024. Until 30 September 2024, the Company recorded net revenue of Rp99.6 trillion, increased by 2% compared to Rp97.6 trillion in the same period of 2023, mainly due to higher contribution from Mining Contracting and Gold & Other Mineral Mining segment, which more than offset of the decreased contribution from Construction Machinery and Coal Mining segment. In the first nine months of 2024, The Company’s net profit was up by 2% from Rp15.3 trillion to Rp15.6 trillion.

Komatsu heavy equipment sales decreased by 24% to 3,321 units from 4,365 units. Revenues from spare parts and services decreased by 6% to Rp8.4 trillion from Rp8.9 trillion. Overall, Construction Machinery segment recorded revenue of Rp26.5 trillion or decreased by 8% year on year. Mining Contracting segment recorded 11% higher revenue of Rp43.6 trillion. Client’s coal production increased by 17% to 111 million tons and overburden removal increased by 9% to 921 million bcm. Coal Mining segment reported coal sales volume of 8.1 million tons (including 2.4 million tons of metallurgical coal). Total coal sales volume including third party coal was 10.2 million tons, 19% higher compared to the same period last year, but revenue declined by 14% to Rp20.6 trillion due to lower average coal selling prices. Gold and Other Mineral Mining segment recorded revenue of Rp6.7 trillion, increased by 57%, with gold sales volume at 165 thousand ounces, increased by 12%. Construction Industry recorded revenue of Rp2.1 trillion, up by 37%. Energy segment recorded revenue of Rp47 billion.