Pt Bumi Resources Tbk (PBMRF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thanks for joining this call today of PT Pumi Resources 9 Months 2025 Earnings Call. My name is Norman Chong. I'll be your operator today. We are very honored to have this call being hosted by Buck Andrew Beckham, Chief Operating Officer of Bumi, and also Buck Christopher Fong, the Chief Corporate Affairs Officer of Bumi. So as usual, we will run through the operational stats of 3Q25, then followed by question and answer session. Buck Andrew, I'll pass the floor to you. Thank you, Norman. Good evening, good afternoon, good morning to everyone there. Let me go through the slides. Next slide, please. Production for the nine-month 2025 was at 54.9 million tonnes, down slightly. and from 2024 of 57.3 mainly due to the heavy rain especially in the third quarter at kpc prices realized cold prices for nine months decreased 60 to 60 dollars versus 73 in nine months 2024 um in line with the global um coal market Production costs, overall production costs came down to lower unit costs of KPC, and I'll go on to more details in that, driven by the oil price and stripping ratio. Next slide, please. Our guidance remains at this 73, 75 million tons of sales. We're limited by production, which is under the RKAB, so we can't get more coal produced out of KPC, but we will be well set up for the first quarter because of that. Prices are between 59 and 61. It's possible that we beat that if the fourth quarter continues to move up a little, as it's doing at the moment. Cost-wise, we're running around the lower end of our guidance at $42, and we've reduced our strip ratio slightly, and fuel costs, as we've mentioned. Next slide, please. Global markets, international coal prices have been pretty flat down towards the summer and as usual towards the winter and the nort...