JAKARTA - PT Alamtri Resources Indonesia Tbk (ADRO) has allocated a maximum capital expenditure (capex) of US$525 million by 2025. If the capex allocation is fully absorbed this year, the realisation will be 2.14% higher than last year's capex.

According to a stock exchange filing published on Friday (4/4), ADRO CEO Garibaldi Thohir said that the company has prepared capital expenditure in the range of US$475 million-US$525 million for 2025. ‘Including equity investments in a number of projects related to industrial estates in North Kalimantan,’ he said.

This year's maximum capex allocation is higher than 2024's US$514 million, which last year was allocated for investment in heavy equipment, infrastructure, and an aluminium smelter. Meanwhile, ADRO has allocated US$379 million in capex for 2023.

In addition, ADRO targets sales volume in the range of 5.6 million tonnes-6.1 million tonnes of metallurgical coal from PT Adaro Minerals Indonesia Tbk (ADMR) and a strip ratio of 3.3x.

ADRO collected operating revenue of US$2.07 billion, corrected by 3% from US$2.13 billion in 2023 and gross profit fell 5% to US$874 million from US$868 million. Operating profit slipped 7% to US$711 million from US$765 million and core profit slid 2% to US$648 million from US$664 million. (LK/LM)