ABM Investama profit drops in 2025 on weaker revenue and higher costs

By Romel S. Gurky

PT ABM Investama Tbk (IDX: ABMM) reported a sharp decline in net profit for the full year 2025, as lower revenue and reduced contributions from associates weighed on earnings despite improved financing costs.

The mining services and energy group posted a net profit of US$70.5 million in 2025, nearly halving from US$139.3 million recorded a year earlier, according to its audited financial statements.

Revenue fell to US$1.04 billion from US$1.20 billion in 2024, reflecting weaker performance in its core mining contractor segment.

Gross profit declined to US$103.7 million, compared with US$131.2 million in the previous year, as cost of revenues remained high at US$934.5 million, underscoring persistent cost pressures across operations.

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Operating profit dropped significantly to US$63.4 million, down from US$107.9 million, driven by lower revenue and higher general and administrative expenses, which rose to US$58.4 million.

A key contributor to the earnings decline was a sharp reduction in income from associates, which fell to US$84.7 million from US$151.4 million a year earlier.

However, the company benefited from lower financing costs, with finance charges decreasing to US$76.6 million from US$109.8 million, partially cushioning the drop in profitability.

As of December 31, 2025, ABM Investama reported total assets of US$2.06 billion, slightly down from US$2.10 billion in 2024.

Editing by Reiner Simanjuntak