MINE Records Rp676.19 Billion in Revenue, Up 18.1% in Q1 2026

Jakarta, June 2, 2026 – PT Sinar Terang Mandiri Tbk (MINE), or STM, continued its positive growth trend in Q1 2026, recording operating revenue of Rp676.19 billion, up 18.1% year on year.

Mining services generated Rp608.13 billion, up 9.4%, and contributed 89.9% of total revenue. The result reflected continued operations across projects with the Company’s strategic mining-sector partners.

President Director Ivo Wangarry said the growth reflected the Company’s commitment to maintaining operational performance. “The Company continues to strengthen operations, productivity, and service quality. Amid dynamic industry conditions, we remain focused on implementing our strategy in a disciplined and measured manner,” Ivo said.

STM recorded comprehensive income of Rp61.63 billion. Ivo said the Company would continue optimizing project execution, improving efficiency, and maintaining work quality to support sustainable performance.

Construction services revenue rose to Rp68.06 billion as work continued across several operational projects.

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 supporting machinery.