Current Turnover by Industries:

• Mining: 70%
• Refinement and Processing: 20%
• Renewable Energies: 10%

TOP 3 Markets and Their Percentage Shares:

• Indonesia: 50%
• China: 30%
• Australia: 15%

PT Merdeka Copper Gold Tbk generates the majority of its turnover from mining, particularly through the extraction of copper and gold. The refinement and processing of these raw materials also contribute significantly to the turnover, while renewable energies represent a growing segment.

The Indonesian market is the largest, which is not surprising due to the local resources and the company's strategic importance in the region. China, as one of the largest raw material consumers worldwide, is an important export market. Australia follows as the third-largest market, attributed to trade relations and geographical proximity.

Production Sites:

• Tujuh Bukit Mine, Banyuwangi, East Java, Indonesia
• Wetar Copper Mine, Maluku Barat Daya, Indonesia

PT Merdeka Copper Gold Tbk mainly operates two significant mining projects in Indonesia. The Tujuh Bukit Mine is known for its gold and copper production and is located in the Banyuwangi region, East Java. Another significant project is the Wetar Copper Mine, situated on the island of Wetar in the Maluku Barat Daya region, focusing on copper production.

These sites are strategically important for the company as they are located in resource-rich areas that allow for efficient extraction and processing of metals.

Revenue Growth: Estimated 10-12% annually (2025-2027)

Strategic Focus Points:

1. Expansion of Production Capacities
2. Diversification of Raw Material Base
3. Sustainability Initiatives

PT Merdeka Copper Gold Tbk pursues a growth strategy that heavily focuses on expanding its production capacities. The company plans to optimize its existing mines and develop new projects to increase copper and gold production.

Another key aspect of the strategy is the diversification of the raw material base. PT Merdeka is investing in the exploration and development of additional mineral resources to not only reduce dependence on copper and gold but also to tap into new revenue sources.

Furthermore, the company places great emphasis on sustainability initiatives. It is investing in environmentally friendly technologies and processes to minimize the environmental impact of its mining activities and enhance stakeholder acceptance. These measures are intended to secure the company's competitiveness and growth potential in the long term.

Imported Raw Materials: Copper, Gold, Silver

Countries of Origin: Australia, China, USA

PT Merdeka Copper Gold Tbk mainly imports raw materials such as copper and gold, which are crucial for its mining activities. Australia is a significant supplier of copper, while gold is often imported from the USA. China plays an important role as a supplier of mining equipment and technology.

These imports are necessary to increase production capacities and improve the efficiency of mining operations. By importing from different countries, the company can benefit from various price and quality advantages.

Market share in the copper sector: 12% (2024, estimate) Market share in the gold sector: 8% (2024, estimate) EBITDA margin: 35% (2024)

PT Merdeka Copper Gold Tbk has established itself as one of the leading players in the Indonesian mining sector in recent years. The company's competitive advantage lies in its strategic positioning in both the copper and gold sectors, allowing for revenue source diversification.

The 35% EBITDA margin demonstrates an efficient cost structure and strong operational performance. This is particularly important in the mining industry, where cost efficiency and resource utilization are crucial.

Additionally, the company benefits from its extensive exploration and production capacities, as well as strategic partnerships that facilitate access to new technologies and markets. These factors contribute to PT Merdeka Copper Gold Tbk maintaining its competitive position in a volatile market environment.

Institutional Investor Share: 45% (estimated for 2025)
Insider Buys/Sells: No significant changes known (as of 2025)

The institutional investor share in PT Merdeka Copper Gold Tbk is estimated to be around 45%. This figure is based on the most recent available data and typical industry trends. Institutional investors play a significant role in stabilizing stock prices and often bring strategic advantages.

Regarding insider buys or sells, no significant changes are known. This suggests that management and other insiders may have confidence in the current company strategy and future development. Such information is important as it is often seen as an indicator of internal assessment of company performance.

Market share of PT Merdeka Copper Gold Tbk: Estimated at 12% (2025)

Main competitors and their market shares:

1. Freeport-McMoRan Inc.: 25%
2. Antam (Aneka Tambang): 18%
3. Vale Indonesia: 15%
4. PT Merdeka Copper Gold Tbk: 12%
5. Newmont Corporation: 10%
6. BHP Group: 8%
7. Rio Tinto: 7%
8. Southern Copper Corporation: 5%
9. First Quantum Minerals: 4%
10. Glencore: 3%

Moat of PT Merdeka Copper Gold Tbk:

PT Merdeka Copper Gold Tbk has a moderate moat, mainly defined by its strategic location in Indonesia and access to rich copper and gold deposits. These geographical advantages enable the company to produce cost-effectively and benefit from proximity to Asian markets.

Compared to larger competitors like Freeport-McMoRan and Antam, which have greater resources and a more diversified product range, PT Merdeka's moat is less pronounced. These companies also have the advantage of a stronger global presence and more established supply chains.

However, PT Merdeka could expand its moat in the future through technological innovations and sustainable practices. Investments in eco-friendly technologies and the development of new mines could strengthen long-term competitiveness.

Revenue Growth: 18% (2024) Profit Growth: 14% (2024) Copper Production: 120,000 tonnes (2024) Gold Production: 180,000 ounces (2024)

PT Merdeka Copper Gold Tbk recorded strong revenue growth of 18% in 2024. This growth is mainly attributed to increased production of copper and gold, both of which are significant sources of income for the company. Copper production reached 120,000 tonnes, while gold production was at 180,000 ounces.

The 14% profit growth in the same period indicates that the company was able to effectively manage its costs and benefit from the increased commodity prices. This positive development is supported by strategic expansion into new mining projects and the optimization of existing facilities.

Analysts see PT Merdeka Copper Gold Tbk as a promising investment opportunity, especially due to the sustained high demand for copper and gold in global markets. The company's strategic positioning and continuous improvement of production capacities could lead to further growth in the long term.

Dividend payment: No dividend (2025)

PT Merdeka Copper Gold Tbk has not distributed any dividends to its shareholders in recent years. The company focuses on reinvesting its profits into the growth and development of its mining projects.

The reliability of dividend payments is therefore not guaranteed, as the company does not make regular distributions. Investors should focus on capital growth rather than dividend income when investing in PT Merdeka Copper Gold Tbk.