Transcoal Secures US$ 885 Million Nickel Ore Transport Contract
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JAKARTA, Investortrust.id — PT Transcoal Pacific Tbk secured a US$ 885 million contract on Wednesday, July 9, 2025, to ship nickel ore from a mining firm in Southeast Sulawesi, a deal expected to underpin its financial performance. The agreement spans an initial five years with an option to extend for another five, committing the company to transport up to 100 million tonnes of nickel ore over a decade.
PT Transcoal Pacific Tbk (TCPI), Indonesia’s integrated maritime logistics and transportation services provider, formalized the contract in Jakarta. Under the terms, TCPI will deploy its fleet of bulk carriers to convey ore from the designated loading port to specified discharge terminals chosen by the client.
In the first quarter of 2025, TCPI reported revenue of Rp 445.58 billion (approximately US$ 29.7 million), up from Rp 428.78 billion (about US$ 28.6 million) a year earlier. Gross profit declined to Rp 128.47 billion (US$ 8.6 million) from Rp 139.12 billion (US$ 9.3 million), while net profit for the period edged down slightly to Rp 50.77 billion (US$ 3.4 million) compared with Rp 50.84 billion (US$ 3.4 million) in Q1 2024.
Despite the modest year-on-year earnings dip, TCPI sustained earnings per share at Rp 10 for the quarter. In 2024, the company’s net income attributable to owners of the parent fell from Rp 181.36 billion (US$ 12.1 million) to Rp 85.37 billion (US$ 5.7 million).
Later this week, TCPI will hold its annual and extraordinary general meetings of shareholders to seek approval for the 2024 profit allocation and the reappointment and restructuring of its board of directors.