Sector: Mining
ID_AADI
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2023-12-31 FY | ✓OK |
| 2024-12-31 FY | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 1 |
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | FY 2025 (12M) | OK | 4910.0 y/y -7.7% | 1041.0 y/y -10.1% | 117.0 y/y -25.5% | 1158.0 y/y -11.9% | 760.2 y/y -42.7% | — | — | 5706.0 y/y -4.8% | 3650.0 y/y 8.5% | 21.7% | -132.4 | Link |
| 2024-12-31 | FY 2024 (12M) | OK | 5320.0 y/y -10.1% | 1158.0 y/y -16.8% | 157.0 y/y -30.8% | 1315.0 y/y -18.7% | 1327.0 y/y 0.2% | — | — | 5993.0 y/y — | 3363.0 y/y — | — | -95.0 | Link |
| 2023-12-31 | FY 2023 (12M) | PARTIAL | 5915.0 y/y — | 1391.0 y/y — | 227.0 y/y — | 1618.0 y/y — | 1325.0 y/y — | — | — | — y/y — | — y/y — | — | -1585.0 | Link |
2023-12-31 FY: Assets and/or equity missing while cash/debt are present — often a unit-scale mismatch after extraction.2023-12-31 FY: Status PARTIAL (incomplete extraction or legacy OCR warnings).Physical operating metrics — supplementary, not part of the financial statements
Coal
| Year | Reserves, Mt |
|---|---|
| 2025 | 720 |
| Year | Production, Mt |
|---|---|
| 2024 | 65.50 +12.9% |
| 2023 | 58 |
PT Adaro Andalan Indonesia (AADI): production ~65 Mt/yr (target 65.5 Mt 2025, flat vs 2024); remaining mining life ~11 years by end-FY26 -> reserves ~720 Mt (approx). SHORT life vs PTBA 69yr / ITMG 19yr -> depleting-asset, high-payout profile. Source: AADI guidance / petromindo / kbvalbury (approximate).
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Current 149spot vs LTM +25%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: +29.9%
Main driver: Steam coal AU +32% vs LTM; revenue ×1.25 vs costs ×1.04; EBITDA 1 041→1 821; at 2.8× EV/EBITDA → +30%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Steam coal AU (rev) | +78% | 146.45 | 111.36 | 130.62 | +32% | +17% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 4 910 |
| LTM EBITDA | 1 041 |
| LTM cash costs (revenue − EBITDA) | 3 869 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.246 (+25%) |
| = Spot revenue | 6 117 |
| Revenue multiplier — 3y price | ×1.135 (+13%) |
| = 3-year-price revenue | 5 572 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 4 024 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 4 024 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 2 093 |
| = 3-year-price EBITDA | 1 549 |
| Conservative EBITDA = min(spot, avg) | 1 821 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 2.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 5 139 |
| Net debt | -132 |
| Target market cap = EV − net debt | 5 271 |
| Current market cap | 4 058 |
Upside = target market cap ÷ current − 1 = +29.9%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2024 FY | 5 320 | 4 885 | +8.9% | 1 315 | 416 | +216.1% |
| 2025 FY | 4 910 | 4 484 | +9.5% | 1 158 | 319 | +263.3% |
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.adaroandalan.com/en/investor
Reporting forms detected in loaded periods: ✓ ✓ — (Balance sheet / Profit or loss (P&L) / Cash flows)