PT Mineral Industri Indonesia (Persero), or MIND ID, recorded revenues amounting to IDR 145.2 trillion throughout 2024. The company's net profit also experienced a significant increase of 46%, reaching IDR 40.2 trillion in the same year.

These results were officially approved in the General Meeting of Shareholders (GMS) held on Tuesday, June 11, 2025. Additionally, the company's total assets rose to IDR 292.1 trillion, up from IDR 259.2 trillion in 2023.

Meanwhile, the cost of revenue surged from IDR 90 trillion to IDR 124.6 trillion, driven by production expansion and downstream integration by all subsidiaries.

The GMS also approved the distribution of dividends amounting to 55% of net profit attributable to the parent company for fiscal year 2024, or IDR 20.1 trillion.

This marks an increase from the 2023 dividend, which was IDR 17.14 trillion. The remaining 45% of the net profit, or approximately IDR 16.44 trillion, will be allocated to support the continuation of the downstream programs conducted by MIND ID Group.

MIND ID's President Director, Maroef Sjamsoeddin, emphasized that the company’s strong performance and dividend contribution are the result of synergies across the entire upstream to downstream business processes, in collaboration with all members of the MIND ID Group.

He highlighted that this state-owned company integrates exploration, mining, and commercialization under a unified business transformation system to optimize the added value of national mineral resources.

"With these excellent results, MIND ID—as a driving force for Indonesia’s downstream strategy—hopes to bring positive impact not only to the company’s future sustainability but also to national economic growth," said Maroef in a statement, Wednesday (June 11, 2025).

Maroef further stated that the adoption of Good Mining Practices plays a vital role in reinforcing the company’s performance. He believes that sustainability is not merely a regulatory requirement, but also a long-term strategy.

"We are committed to ensuring operations are conducted under proper mining governance so that the benefits from downstream programs can be felt by all stakeholders, including communities and the environment," he added.

Throughout 2024, MIND ID completed a number of strategic projects, including Phase I of the Smelter Grade Alumina Refinery (SGAR) in Mempawah, the Copper Smelter and Precious Metal Refinery, as well as a pilot project for coal-to-artificial graphite and anodized sheet conversion.

In 2025, the company will focus on constructing Phase II of SGAR in Mempawah, RKEF and HPAL facilities in East Halmahera, optimizing the Precious Metal Refinery, building a gas power plant (PLTG) in Gresik, and enhancing coal logistics from Tanjung Enim to Keramasan.

MIND ID is also developing three key nickel projects in Sulawesi—IGP Pomalaa, IGP Morowali, and HPAL Sorowako—as the foundation for building a national electric vehicle ecosystem.

Meanwhile, MIND ID's President Commissioner, Fuad Bawazier, stressed the company's commitment to establishing sound mining governance at the national level amid global uncertainties.

He stated that this strategy can be effectively implemented by MIND ID, as the state-owned holding for Indonesia’s mining industry, to produce optimal outcomes for national welfare.

"MIND ID will continue to strive in building a value chain and business process that bring benefits to all stakeholders," Fuad affirmed.