UNTR – Still facing challenges from coal price decline

UNTR – Still facing challenges from coal price decline United Tractors (UNTR) projects that its performance this year will continue to face challenges due to the declining price of coal. To address this situation, UNTR is diversifying its revenue sources into the green energy sector, heavy equipment sales, and gold production. UNTR is targeting a 4% yoy growth in Komatsu sales and gold production and sales of 140 thousand troy ounces in 2025. It is hoped that demand from China will continue to grow, and gold prices are expected to remain stable to support the achievement of these targets. Note that, UNTR recorded revenue of IDR34.3 tn (+6% yoy) and net profit of IDR3.2 tn (-30% yoy) in 1Q25. (Source : Kontan)