AADI - Coal production target

AADI - Coal production target Adaro Andalan Indonesia (AADI) targets coal production of 65.5 mn tons this year, which is almost the same as the set projection for 2024. (Source : Bisnis Indonesia) Comment : We are still reviewing our production volume assumptions amid lower than expected guidance from the company. However, our back of the envelope calculation factoring in the management's guidance, our 2025-26F earnings estimate will be lowered by around 28%.