Company Report | [BBRI] Improved Results Due to Recovered Performance

Coal Average Selling Price Increase

In 9M23, BBRI posted a Net Profit of IDR 43.993T, an increase of 12.4% YoY (1H22: IDR 39.156T and QoQ +4.7% 2Q23: IDR 13.920T). The increase in Net Profit was supported by an increase in Net Interest Income (NII) of +4.9% YoY (9M22: IDR 96.507T) and +8.8% QoQ (1Q23: IDR 35.656T) to IDR 101.197T. Despite a 14.4% YoY increase in Interest Income, Interest Expense increased this year due to a significant increase in interest rate to +63.8% YoY due to an increase in High Cost Fund (9M22: IDR 18,744T, 9M23: IDR 30,696T). PPOP also increased +8.6% QoQ (2Q23: IDR 25,905T) and +6.2% YoY (9M22: IDR 71,403T) to IDR 79,180T in
9M23.

Asset Growth

In 9M23, BBRI posted a Net Profit of IDR 43.993T, an increase of 12.4% YoY (1H22: IDR 39.156T and QoQ +4.7% 2Q23: IDR 13.920T). The increase in Net Profit was supported by an increase in Net Interest Income (NII) of +4.9% YoY (9M22: IDR 96.507T) and +8.8% QoQ (1Q23: IDR 35.656T) to IDR 101.197T.