JAKARTA – Shareholders of nickel mining company PT Ifishdeco Tbk (IFSH) have approved the allocation of dividends amounting to IDR 25.09 billion during the Annual and Extraordinary General Meetings of Shareholders (RUPST and RUPSLB) in 2025, held on Tuesday (25/3).

Rivka Rotua Natasya, Corporate Secretary of Ifishdeco, announced that the meetings approved a dividend distribution of IDR 13.05 per share.

“This amount is equivalent to 30% of the company's net profit for the 2024 financial year. The remaining balance will be retained as earnings to strengthen the company's working capital,” Rivka stated in a written statement on Wednesday (26/3).

In addition, the meeting authorised the company’s board of directors to take all necessary actions to implement the decision in accordance with applicable regulations.

“The company’s decision to distribute dividends is a gesture of appreciation to the shareholders who have supported the company's growth and development thus far,” she added.

According to data from IDNFinancials.com, IFSH recorded a 39.34% year-on-year (yoy) decline in profit, from IDR 211 billion to IDR 83 billion in 2024, in line with a 67.97% drop in revenue to IDR 972 billion. (DK/ZH)