Release

PT Central Omega Resources Tbk Records Excellent Performance in First Quarter of 2025

Apr 30, 2025

Jakarta, April 30, 2025, PT Central Omega Resources Tbk (“the Company”) announced its unaudited operational and financial performance results for the period ending March 31, 2025.

Feni Silviani Budiman, Director of the Company, stated that nickel ore production reached 996,598 tons, with sales amounting to 932,014 tons. For comparison, in the first quarter of last year, production and sales activities had not yet commenced due to pending approval of the Work Plan and Budget (RKAB).

In terms of financial performance, the company's revenue surged to IDR 960 billion, a drastic increase of 427% compared to the first quarter 2024 revenue of IDR 80 billion. This growth was driven by the recovery of the company's nickel ore sales activities following permitting issues in the previous year. Additionally, the company's gross profit increased to IDR 219 billion, up 230% compared to IDR 66 billion in the same period last year. The Company also recorded a net profit of IDR 137 billion, a sharp increase of 3,887% compared to the net profit of only IDR 3 billion in the first quarter of 2024. Similarly, EBITDA increased by 439%, rising from IDR 40 billion in Q1 2024 to IDR 214 billion in Q1 2025.

This positive performance demonstrates the Company's commitment to continuously deliver value to its shareholders and other stakeholders.

Press Release (PDF)