MINE Maintains Growth, Records Rp1.22 Trillion in Revenue in H1 2026
Growth was supported by a broader portfolio of new projects and higher mining and construction services revenue.
Jakarta, July 29, 2026 – PT Sinar Terang Mandiri Tbk (MINE), or STM, delivered positive performance throughout H1 2026. Revenue rose 6.13% to Rp1.22 trillion from Rp1.15 trillion a year earlier, while comprehensive income reached Rp100.42 billion.
Chief Finance Officer Holmes Siringoringo said the increase reflected solid performance amid Indonesia’s dynamic mining industry. “Mining services revenue rose 3.14% from Rp1.11 trillion to Rp1.14 trillion, while construction services revenue grew 93.95% from Rp37.85 billion to Rp73.41 billion,” Holmes said.
Growth was supported by projects with PT Weda Bay Nickel, PT Sulawesi Cahaya Mineral (SCM), and PT Hengjaya Mineralindo, as well as road construction for PT Erabaru Timur Lestari. “MINE will strengthen collaboration with existing partners while opening new partnership opportunities to sustain revenue growth,” Holmes added.
In Q2 2026, MINE extended the 3.5-kilometre Sampala Construction Project, became a subcontractor to PT Horizon Jaya Perkasa for PT Hengjaya Mineralindo’s Dry Stack Tailings Facility in Morowali, and added nearly 100 hauling units at PT SCM. MINE now operates 200 45-ton dump trucks there.
Liabilities fell 18.34% to Rp946.07 billion, while equity increased 14.57% to Rp975.11 billion. “We continue to manage funding with discipline and strengthen our financial fundamentals to support sustainable operations and capture future growth opportunities,” Holmes concluded.
About PT Sinar Terang Mandiri Tbk
Established in December 2004, STM has more than 20 years of mining services experience. Its capabilities cover mine planning, infrastructure construction, mining operations, hauling, barging, transshipment, rock crushing, and paving production. STM operates more than 1,000 units of heavy equipment and obtained ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications in 2026.
