JAKARTA – PT Petrindo Jaya Kreasi Tbk (CUAN) successfully diversified its revenue sources in 2024, although the largest contributor remains coal sales, accounting for 34%.

In 2023, all of CUAN's revenue came from coal sales, but in 2024, the composition of revenue sources became more varied. In addition to coal, 31% of revenue came from mining services, 31% from EPC contractors, and 4% from other services.

CUAN also expanded its mineral trading portfolio in 2024. In 2023, thermal coal made up 100% of its total revenue, but in 2024, the composition shifted to 54% thermal coal, 26% gold and copper, 10% metallurgical coal, and 9% from oil and gas.

Michael, President Director of CUAN, stated that the achievements of 2024 marked a significant milestone in CUAN’s journey.

"We believe that 2024 is a big step toward realising Petrindo’s vision of becoming an integrated energy and mineral mining company. We are committed to creating sustainable growth and value for all stakeholders," Michael said.

In today’s trading (7/3), CUAN's share price increased by 14.04% from IDR 7,300 to IDR 8,325 per share. However, over the past month, CUAN's share price has dropped 26.49%. (DK/ZH)