Timah (TINS) Distributes Rp474.65 Billion in Dividends as Profit Surges Fourfold

Main Takeaways

JAKARTA, Investortrust.id – State-owned tin producer PT Timah Tbk, or TINS, paid out a Rp 474.65 billion, or around $29.2 million, dividend to shareholders on Friday, July 11, 2025, following a dramatic turnaround in performance for fiscal year 2024. The payout translates to Rp 63.73 per share, and was disbursed to shareholders listed as of June 24, 2025.

This dividend marks a significant improvement after the company reversed its losses from the previous year. The total payout represents 40% of the company’s Rp 1.19 trillion ($73.2 million) net profit, with the remaining 60% or Rp711.98 billion ($43.8 million) retained as undistributed earnings. The decision was approved during Timah’s Annual General Meeting of Shareholders (RUPST) on June 12, 2025.

Corporate Secretary Rendi Kurniawan emphasized that the dividend payment affirms the company’s recovery and commitment to stakeholders.

“This dividend payment is a form of appreciation for the trust and support from investors,” Rendi said on Friday. “It reflects our efforts to provide greater value not only to shareholders, but also to the public and the state.”

Operational Gains Underpin Financial Recovery

PT Timah’s rebound was driven by a combination of operational efficiency, increased tin ore productivity, and stronger market conditions. In 2024, the company posted a 364% year-on-year surge in net income, fueled by a 29.37% increase in revenue to Rp10.86 trillion ($667.9 million). This growth was primarily attributed to higher sales volumes and improved average selling prices for refined tin.

Rendi highlighted that the company’s transformation was not merely a financial story, but part of a broader strategy to enhance resilience and competitiveness in the mining sector.

“Our growth is rooted in better fundamentals—more disciplined operations, improved mining security under our IUPs [mining business permits], and streamlined cost structures,” he said.

The company, which operates under the umbrella of state mining holding MIND ID, is also strengthening its long-term outlook through mineral downstreaming initiatives, including a joint rare earth project that aims to capture added value from Indonesia’s critical mineral resources.

Moving forward, Timah’s management reaffirmed its commitment to sustaining financial discipline, expanding productivity, and aligning its operations with national industrial policies. These measures, they believe, will not only sustain shareholder returns but also elevate the company's role in supporting Indonesia’s economic development.