Sector: Mining
ID_ADRO
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
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 470.9 y/y 23.4% | 146.3 y/y 91.2% | 1.0 y/y -98.2% | 147.3 y/y 11.6% | 128.1 y/y 46.8% | 195.1 | -159.1 | 7185.4 y/y 11.7% | 4895.9 y/y -6.4% | 10.4% | -170.0 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 525.4 y/y — | 161.2 y/y — | 82.2 y/y — | 243.4 y/y — | 146.1 y/y — | 202.0 | -233.7 | 6817.0 y/y 1.7% | 5004.0 y/y -6.8% | 9.6% | -222.9 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 490.5 y/y -1.0% | 152.2 y/y -22.9% | 60.8 y/y 4.0% | 213.0 y/y -16.7% | 126.6 y/y -68.7% | 59.0 | -206.5 | 6595.0 y/y -39.5% | 5156.6 y/y -36.8% | 3.3% | -342.1 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 476.1 y/y -15.3% | 130.7 y/y -42.4% | 55.9 y/y 0.6% | 186.7 y/y -34.0% | 98.2 y/y -75.7% | 252.3 | -205.6 | 6407.7 y/y -37.6% | 4989.3 y/y -35.2% | 7.7% | -358.5 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 381.6 y/y -73.6% | 76.5 y/y -85.1% | 55.5 y/y -31.7% | 132.0 y/y -77.8% | 87.3 y/y -76.7% | 80.9 | -153.3 | 6434.4 y/y -38.5% | 5227.9 y/y -26.7% | 6.6% | -539.6 | Report (PDF) |
| 2024-12-31 | FY 2024 (12M) | PARTIAL | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | — | 6702.1 y/y — | 5370.8 y/y — | 23.0% | -826.1 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 495.3 y/y -67.0% | 197.4 y/y -56.4% | 58.5 y/y -26.4% | 255.8 y/y -51.9% | 404.2 y/y 17.1% | 513.4 | -197.9 | 10909.2 y/y 5.0% | 8154.3 y/y 10.0% | 6.8% | -2681.1 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | -880.5 y/y -65.7% | -286.5 y/y -61.1% | 55.6 y/y -27.5% | -312.1 y/y -57.2% | 404.4 y/y -2.7% | 543.8 | -187.5 | 10264.5 y/y 5.4% | 7700.6 y/y 9.7% | 21.8% | -1486.2 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 1442.8 y/y — | 513.6 y/y — | 81.2 y/y — | 594.8 y/y — | 374.3 y/y — | 489.3 | -200.6 | 10466.2 y/y — | 7128.2 y/y — | 20.6% | -1680.3 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | OK | 1501.8 y/y — | 452.3 y/y — | 79.5 y/y — | 531.8 y/y — | 345.1 y/y — | 259.1 | -19.8 | 10394.5 y/y — | 7410.6 y/y — | 6.4% | -2118.1 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 1640.7 y/y — | 584.2 y/y — | 76.7 y/y — | 661.0 y/y — | 415.8 y/y — | 468.1 | -138.0 | 9735.6 y/y — | 7018.8 y/y — | — | -1556.6 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Coal
| Year | Production, Mt |
|---|---|
| 2024 | 65.80 −0.1% |
| 2023 | 65.88 +4.8% |
| 2022 | 62.88 |
PT Alamtri Resources (ex-Adaro Energy, IDX:ADRO) FY2024 coal production ~65.8 Mt (sales 68.1 Mt). Group thermal reserves ambiguous after the 2024 AADI thermal-coal spin-off — not shown.
Current 224spot vs LTM +3%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -30.1%
Main driver: Coking coal AU +4% vs LTM; revenue ×1.03 vs costs ×1.04; EBITDA 518→512; at 6.0× EV/EBITDA → -30%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Coking coal AU (rev) | +70% | 223.50 | 215.46 | 239.87 | +4% | +11% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 1 874 |
| LTM EBITDA | 518 |
| LTM cash costs (revenue − EBITDA) | 1 356 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.026 (+3%) |
| = Spot revenue | 1 922 |
| Revenue multiplier — 3y price | ×1.079 (+8%) |
| = 3-year-price revenue | 2 022 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 1 410 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 1 410 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 512 |
| = 3-year-price EBITDA | 612 |
| Conservative EBITDA = min(spot, avg) | 512 |
| 5 · Valuation → target market cap | |
| Historical EV/EBITDA (75th pct) | 6.0x |
| Target EV = EV/EBITDA × conservative EBITDA | 3 087 |
| Net debt | 296 |
| Target market cap = EV − net debt | 2 791 |
| Current market cap | 3 990 |
Upside = target market cap ÷ current − 1 = -30.1%
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 Q3 | 495 | 1 022 | -51.5% | 256 | 229 | +11.5% |
| 2024 Q4 | -422 | 833 | -150.6% | -162 | 231 | -170.0% |
| 2025 Q1 | 382 | 437 | -12.7% | 132 | 153 | -13.9% |
| 2025 Q2 | 476 | 232 | +105.0% | 181 | 102 | +77.7% |
| 2025 Q3 | 490 | 229 | +114.4% | 207 | 94 | +119.7% |
| 2025 Q4 | 525 | 239 | +120.1% | 235 | 93 | +152.0% |
| 2026 Q1 | 471 | 536 | -12.1% | 183 | 249 | -26.7% |
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-04-28 | 118.26 IDR | Ex-dividend: 118.26 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2025-12-30 | 145.14 IDR | Ex-dividend: 145.14 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2025-06-13 | 166.69 IDR | Ex-dividend: 166.69 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-12-30 | 106.48 IDR | Ex-dividend: 106.48 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-11-28 | 1 358.18 IDR | Ex-dividend: 1 358.18 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2024-05-28 | 209.31 IDR | Ex-dividend: 209.31 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-12-29 | 199.98 IDR | Ex-dividend: 199.98 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-05-23 | 240.78 IDR | Ex-dividend: 240.78 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2023-01-02 | 251.28 IDR | Ex-dividend: 251.28 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2022-05-17 | 141.39 IDR | Ex-dividend: 141.39 IDR per share | Paid | Yahoo Finance (ex-div) |
| 2021-12-30 | 160.16 IDR | Ex-dividend: 160.16 IDR per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Investor reporting (IR): https://www.alamtri.co.id/investor-relations
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Alamtri Resources Indonesia (ADRO) — from primary filings.
PT Alamtri Resources Indonesia Tbk is a coal and mining company operating in Indonesia, involved in coal mining, trading, mining services, logistics, and related activities such as transportation, warehousing, and power supply.