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PT HARUM ENERGY Tbk
9M 2024 Summary and Highlights
Important Note: The results provided below reflect the unaudited consolidated results of PT Harum Energy Tbk. (“the Company”) for the 9-month period ending 30 September 2024 (“9M 2024”), which include the results of PT Mahakam Sumber Jaya (“MSJ”), PT Layar Lintas Jaya (“LLJ”), PT Santan Batubara (“SB”), PT Karya Usaha Pertiwi (“KUP”), PT Bumi Karunia Pertiwi (“BKP”), PT Harum Nickel Perkasa (“HNP”), PT Tanito Harum Nickel (“THN”), Nickel International Capital Pte., Ltd. (“NICAP”), PT Harum Nickel Industry (“HNI”), PT Infei Metal Industry (“IMI”), PT Position (“POS”), PT Westrong Metal Industry (“WMI”), and PT Blue Sparking Energy (“BSE”). The report below is prepared by the management and unaudited.
The Company’s consolidated revenues in 3Q 2024 rose 12.9% quarter-on-quarter (q-o-q) to USD 373.5 million, bringing the total revenue in 9M 2024 to USD 970.2 million or 51.0% higher year-on-year (y-o-y);
In 3Q 2024, the revenue contribution from the Nickel Business Unit (61.3%) surpassed that of the Coal Business Unit (38.7%). The revenue from the Nickel Business Unit in 9M 2024 makes up 53.0% of the total consolidated revenue of the Company;
Quarterly EBITDA in 3Q 2024 reached USD 68.5 million or 6.9% lower q-o-q. EBITDA generated in 9M 2024 was USD 234.3 million or 15.8% lower y-o-y;
Total coal sales volume for 3Q 2024 came at 1.6 million tonnes (Mt) with an Average Coal Sales Price (ACSP) of USD 88.5 per tonne (/t). For 9M 2024, the coal sales volume is 4.8Mt with an ACSP of USD 92.5/t;
The Company’s overall nickel sales volume in 3Q 2024 grew by 27.0% q-o-q to 17,623 tonne at a Average Nickel Sales Price (ANSP) of USD 12,986/t or 4.1% lower q-o-q. Total nickel sales volume in 9M 2024 is 40,006 tonne;
Consolidated net profit for 9M 2024 is recorded at USD 94.5 million.
