PT Amman Mineral Internasional Tbk

Name: PT Amman Mineral Internasional Tbk financial statements and ratios
Creator: Annalist

AMMN · IDX · Materials, copper and gold mining · Indonesia · SAK · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025, its statements approved by the board on 17 March 2026. Snapshot FY2025_69b8458b.

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Overview

Revenue, fiscal year

−30.7% year on year

Operating profit, fiscal year

−43.1% year on year

Net income, fiscal year

−60.9% year on year

Diluted EPS, fiscal year

n/a

Operating margin, fiscal year

−8.0pp year on year

Return on equity, fiscal year

−8.4pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was US$1.8 billion, 30.7% lower than in the previous fiscal year.
Newin FY2025 · first stated
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewRevenue for the fiscal year ended 31 December 2025 was US$1.8 billion, 30.7% lower than in the previous fiscal year.Recorded from FY2025_65ca73e8 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_65ca73e8 · data update
3. FY2024 NewRevenue for the fiscal year ended 31 December 2024 was US$2.7 billion, 31.0% higher than in the previous fiscal year.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was US$2.0 billion, 28.2% lower than in the previous fiscal year.Reconstructed · initial
Net income attributable to the company for fiscal 2025 was US$249 million, 60.9% lower than in the previous fiscal year.
Newin FY2025 · first stated
Rule: Net income against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewNet income attributable to the company for fiscal 2025 was US$249 million, 60.9% lower than in the previous fiscal year.Recorded from FY2025_65ca73e8 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_65ca73e8 · data update
3. FY2024 NewNet income attributable to the company for fiscal 2024 was US$637 million, 152.6% higher than in the previous fiscal year.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewNet income attributable to the company for fiscal 2023 was US$252 million, 76.9% lower than in the previous fiscal year.Reconstructed · initial
The operating margin for fiscal 2025 was 36.5%, 8.0 percentage points lower than a year earlier.
Newin FY2025 · first stated
Rule: Operating margin against a year earlier · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewThe operating margin for fiscal 2025 was 36.5%, 8.0 percentage points lower than a year earlier.Recorded from FY2025_69b8458b · correction
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_69b8458b · correction
3. FY2024 NewThe operating margin for fiscal 2024 was 44.5%, 6.7 percentage points higher than a year earlier.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewThe operating margin for fiscal 2023 was 37.7%, 16.2 percentage points lower than a year earlier.Reconstructed · initial
Return on equity for fiscal 2025 was 4.7%, against 13.1% a year earlier.
Newin FY2025 · first stated
Rule: Return on equity against a year earlier · Sources Annual report 2025-12, Annual report 2024-12
History of this finding, 5 records
1. FY2025 NewReturn on equity for fiscal 2025 was 4.7%, against 13.1% a year earlier.Recorded from FY2025_65ca73e8 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_65ca73e8 · data update
3. FY2024 NewReturn on equity for fiscal 2024 was 13.1%, against 6.2% a year earlier.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewReturn on equity for fiscal 2023 was 6.2%.Reconstructed · initial
Operating cash flow for fiscal 2025 was an outflow of US$475 million, and free cash flow after purchases of property, plant and equipment an outflow of US$1.8 billion.
Interpretation. The company spent more on capital expenditure than its operating cash flow, and paid the difference from cash, borrowing or asset sales.
Confirmedin FY2025 · stated since FY2023
Rule: Free cash flow · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 ConfirmedOperating cash flow for fiscal 2025 was an outflow of US$475 million, and free cash flow after purchases of property, plant and equipment an outflow of US$1.8 billion.Recorded from FY2025_69b8458b · wording
2. FY2025 StrengthenedPurchases of property, plant and equipment exceeded operating cash flow by US$1.8 billion in fiscal 2025.Recorded from FY2025_65ca73e8 · data update
3. FY2024 WeakenedPurchases of property, plant and equipment exceeded operating cash flow by US$1.5 billion in fiscal 2024.Reconstructed · data update
4. FY2023 NewPurchases of property, plant and equipment exceeded operating cash flow by US$1.6 billion in fiscal 2023.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json. Correction of 28 October 2026: Annalist left out the non-current portion of the long-term bank loan of Amman Mineral, which its statements print below the heading of the loan, and did not capture its operating profit ("Laba operasional"). Long-term debt of US$5.88 billion at 31 December 2025 was missing, and current debt was US$0.39 billion against US$0.55 billion. Records 6, 15 and 24 cite figures that the correction changed. Records 25 to 30 state the corrected findings, among them an operating margin of 36.5% for fiscal 2025; records 25 to 27 are reconstructed from the corrected snapshot.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents3 documents, latest Annual report for the year to 31 December 2025List

DownloadsExcel workbook · JSON

SnapshotFY2025_69b8458b

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, US dollars

Operating Profit

By fiscal year, US dollars

Profit Attributable to Owners of the Parent

By fiscal year, US dollars

Margins

By fiscal year, per cent

Returns

By fiscal year, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by fiscal year, US dollars

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes2thresholds crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 2

ConfirmedFree Cash Flow
Operating cash flow for fiscal 2025 was an outflow of US$475 million, and free cash flow after purchases of property, plant and equipment an outflow of US$1.8 billion.
Interpretation. The company spent more on capital expenditure than its operating cash flow, and paid the difference from cash, borrowing or asset sales.
StrengthenedCash Backing of Earnings
Net income attributable to the company for fiscal 2025 exceeded operating cash flow by an amount equal to 5.8% of average total assets.
Interpretation. Part of the profit has not come in as cash yet: net income was larger than operating cash flow. Profit made of accounting entries tends to repeat less than profit backed by cash (Sloan, 1996).

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

These ratios have no value for the figures of this company.

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesCash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

These ratios have no value for the figures of this company.

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityEarnings above cash flowCash-flow accruals 5.8% · FY2025

Accruals and the cash backing of reported earnings.

Net income attributable to the company for fiscal 2025 exceeded operating cash flow by an amount equal to 5.8% of average total assets.
Interpretation. Part of the profit has not come in as cash yet: net income was larger than operating cash flow. Profit made of accounting entries tends to repeat less than profit backed by cash (Sloan, 1996).
Strengthenedin FY2025 · stated since FY20235.8% from 4.8% in FY2024
Rule: Cash backing of earnings · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 StrengthenedNet income attributable to the company for fiscal 2025 exceeded operating cash flow by an amount equal to 5.8% of average total assets.Recorded from FY2025_65ca73e8 · data update
2. FY2024 ConfirmedNet income attributable to the company for fiscal 2024 exceeded operating cash flow by an amount equal to 4.8% of average total assets.Reconstructed · data update
3. FY2023 NewNet income attributable to the company for fiscal 2023 exceeded operating cash flow by an amount equal to 4.8% of average total assets.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets	n/a
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 2.61 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 2.61, above the safe threshold of 2.60.
Interpretation. By this model, the balance sheet and earnings look like those of companies that did not go bankrupt in its original study: above 2.60 means safe, below 1.10 distress.
Confirmedin FY2025 · stated since FY20232.61 from 3.26 in FY2024
Rule: Altman Z'' zone · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 ConfirmedThe Altman Z'' score for fiscal 2025 was 2.61, above the safe threshold of 2.60.Recorded from FY2025_69b8458b · correction
2. FY2025 WeakenedThe Altman Z'' score for fiscal 2025 was 2.64, above the safe threshold of 2.60.Recorded from FY2025_65ca73e8 · data update
3. FY2024 WeakenedThe Altman Z'' score for fiscal 2024 was 3.26, above the safe threshold of 2.60.Reconstructed · data update
4. FY2023 NewThe Altman Z'' score for fiscal 2023 was 3.83, above the safe threshold of 2.60.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	safe zone	safe zone	safe zone	safe zone

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

Grey zone, 1.10 to 2.60

2.61Safe zone, above 2.60

The score of 2.61 is in the safe zone of the model, above 2.60. The largest part is working capital, at 0.82.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.126	6.560	0.824
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.240	3.260	0.782
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.049	6.720	0.326
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.644	1.050	0.676
Score			2.609

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Source Documents

Documents of this snapshot, latest first. A report that states no date of publication carries the date on which its board approved the statements.

Document	Date	Id	SHA-256
Annual report for the year to 31 December 2025	17 Mar 2026, the date on which the board approved the statements	AR:amman-mineral-2025-12-31	178be5e75203
Annual report for the year to 31 December 2024	20 Mar 2025, the date on which the board approved the statements	AR:amman-mineral-2024-12-31	97ed32e8aefb
Annual report for the year to 31 December 2023	25 Mar 2024, the date on which the board approved the statements	AR:amman-mineral-2023-12-31	2ba429f34a85

Checks

285285 checks, all passed

Statement arithmetic198 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Fiscal calendar7 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity4 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Gross profit4 passedRevenue less cost of sales equals the gross profit that the company presents. A gross profit that differs is withheld, and so is a cost of sales that the company gives without gross profit. Checked at warning level.

Earnings per share4 passedProfit divided by earnings per share gives a number of shares in line with the other years. Checked at warning level.

Agreement between annual reports66 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	132
Confirmed by other figures	59.1%, 78 values
Confirmed by a second document	50.0%, 66 values
Derived from reported figures	0.0%, 0 values
Values withheld	0
Restated figures tracked	0
Changes compared on one basis	0
Company lines mapped	0 of 0 reviewed

Citation

Annalist, PT Amman Mineral Internasional Tbk, snapshot amman-mineral/FY2025_69b8458b (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_69b8458b · dataset SHA-256 69b8458b92c4c101efc92f36dfd508909331949287dd501ac7a9f5a32d7bf6f3 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json