PT Trimegah Bangun Persada Tbk's management explains the business in its own materials. The slides below do the most of that work, pulled from the documents preserved in Sources. Each source link opens the complete presentation at that slide in a new tab.
Where the business stands now — what got built in 1H26, volumes and margins by segment, dividends, and the audits that guard market access. · Open the full document →
p. 5 — Key 1H26 events and the 2H26 to-do list, including the April 2026 HPM ore-pricing formula and the new single-gate export system. · Open the full presentation →p. 7 — The KPS ferronickel smelter phase by phase: 12 lines, 185,000 tons of contained nickel a year, construction now complete. · Open the full presentation →p. 8 — The quicklime plant — a $70mn backward-integration step to cut reagent cost at the HPAL plants. · Open the full presentation →p. 9 — Tailings extraction: pulling iron out of HPAL waste, still at pilot stage, with construction slated for end-2026. · Open the full presentation →p. 11 — Sales volumes for ore, HPAL and RKEF since FY23; the footnote flags that HPL, ONC and KPS are associates, not consolidated. · Open the full presentation →p. 12 — Revenue, gross profit, EBITDA and PATMI from FY22 to 1H26, with margins — gross margin compressing while PATMI grows. · Open the full presentation →p. 13 — Four years of dividends at a steady 30% payout, up to Rp2,686bn declared in June 2026. · Open the full presentation →p. 15 — IRMA and RMAP/RMAP+ audits framed as market access — what keeps the MHP flowing to Chinese and EU battery buyers. · Open the full presentation →p. 16 — Where the emissions reductions come from: coal gas, waste heat recovery and B40 biodiesel, under an ISO 50001 energy system. · Open the full presentation →p. 17 — The 40MW rooftop solar programme across the Obi sites, 99% built. · Open the full presentation →p. 18 — A 50MW plant running on waste steam from the sulphuric acid plant — the clearest example of on-site energy integration. · Open the full presentation →p. 21 — New Kawasi: the 259-unit village Harita built to resettle the community living over the ore body. · Open the full presentation →
The FY23 deck — the clearest look at the physical asset base: concession map, ports, the capacity roadmap and per-product cash margins. · Open the full document →
p. 6 — The concession map — every IUP, smelter, port and power plant packed into the west of Obi Island, all on ultramafic ground. · Open the full presentation →p. 7 — HPAL output and sales by product since FY21, with production running above the 55,000-ton nameplate. · Open the full presentation →p. 8 — The second HPAL plant (ONC): three lines, 65,000 tons of contained nickel a year, 74% built at February 2024. · Open the full presentation →p. 9 — Ferronickel output and sales FY20–FY23, showing the HJF ramp that tripled volume and beat nameplate capacity. · Open the full presentation →p. 11 — The seven Persada jetties: coal in, nickel sulphate and MHP out — the logistics that make an island operation work. · Open the full presentation →p. 12 — The capacity roadmap: 62,000 tons of contained nickel in 2022 to a planned 425,000 by 2025, split FeNi versus MHP. · Open the full presentation →p. 14 — Revenue, gross profit, EBITDA and PATMI FY20–FY23 — the ramp years, and the point where nickel prices started to bite. · Open the full presentation →p. 15 — ASP, cash cost and cash margin for every product: limonite, saprolite, MHP, nickel sulphate, cobalt sulphate and FeNi. · Open the full presentation →
The IPO-year briefing, and the only deck that explains the whole company from scratch: structure, value chain, assets and unit economics. · Open the full document →
p. 5 — The pitch in one page: pure-play integrated nickel on Obi, 168.9mt of reserves, low on the cost curve, battery-metal exposure. · Open the full presentation →p. 6 — How Harita got here — from 2005 test pits on Obi to the April 2023 IPO and eight RKEF lines. · Open the full presentation →p. 7 — Group structure and value chain: saprolite to ferronickel via RKEF, limonite to MHP and sulphates via HPAL, entity by entity. · Open the full presentation →p. 8 — The concession and infrastructure map, with the four reasons management gives for Obi's cost advantage. · Open the full presentation →p. 12 — Ore production and sales FY20–1H23, split limonite and saprolite, tracking the smelters coming online. · Open the full presentation →p. 13 — The HPAL story in five steps — first MHP plant in Indonesia, then nickel sulphate, then cobalt sulphate. · Open the full presentation →p. 16 — The three RKEF smelters — MSP, HJF and KPS — with lines, capacity and status for each. · Open the full presentation →p. 20 — The full P&L back to FY20. Note 'share in profit of associates': HPL is equity-accounted, not consolidated. · Open the full presentation →p. 22 — Average selling prices by product, with commentary on what drives them — MEMR reference price, LME and NPI indices. · Open the full presentation →p. 23 — Cash costs by product over four periods, including MHP before and after the cobalt credit. · Open the full presentation →p. 25 — Capex FY20–FY23E, split mining versus processing — what the smelter build actually cost. · Open the full presentation →
Public Expose 2026 — 2026 · 23 pages · The annual IDX Public Expose — the same 2026 material presented to retail holders, with the board line-up and a Q&A session. · Open →
Analyst Call FY25 & 1Q26 — FY2025 / 1Q2026 · 28 pages · Audited FY25 results and the FY25 dividend, plus a nature-risk and TNFD readiness slide that appears nowhere else. · Open →
Analyst Call 9M25 — 9M2025 · 22 pages · The 2025 reserve and resource statement — 310.8mn wmt of limonite and saprolite — and the new GTS mine in south Obi. · Open →
Public Expose 2025 (English) — 2025 · 23 pages · The 2025 Public Expose in English: water management and watershed rehabilitation detail, plus a live Q&A. · Open →
Company Presentation FY24 — Analyst Call — FY2024 · 20 pages · FY24 results and the first full description of the CKM quicklime plant, jetties 5a and 7, and the GTS exploration programme. · Open →
Company Presentation 9M23 — Analyst Call — 9M2023 · 30 pages · Reserves as of 2023, the reserve-replacement strategy and the GPS/GTS acquisitions — how the ore base gets extended. · Open →
