JAKARTA – PT Vale Indonesia Tbk (INCO) announced a significant cash dividend payout, distributing 60 percent of its 2025 net profit, totaling US$45.64 million. This decision received unanimous approval during the company’s Annual General Meeting of Shareholders (AGMS), which was conducted in a hybrid format in Jakarta on Tuesday, June 2, 2026.
The substantial dividend distribution underscores the company’s robust performance amidst the fluctuating challenges of the global nickel industry. Throughout 2025, PT Vale reported an impressive net profit of US$76 million, marking a 32 percent increase from the previous year. Furthermore, the company’s revenue expanded by 4 percent, reaching US$990 million, with its EBITDA climbing to US$228 million.
Bernardus Irmanto, President Director and Chief Executive Officer of PT Vale, highlighted the company’s exceptional ability to maintain operational resilience and profitability despite the dynamic shifts in the global market landscape. This steady performance demonstrates PT Vale’s strategic agility and strong fundamentals in a demanding environment.
“The dividend we have declared today, coupled with the progress of our HPAL projects, reflects our unwavering confidence in Indonesia’s long-term position as a reliable source of low-carbon and responsibly produced nickel crucial for the global energy transition,” Bernardus stated in an official release. His remarks emphasized the strategic importance of sustainable nickel production for global demand.
He further affirmed that PT Vale remains committed to focusing on best-in-class mining practices, responsible downstream processing, and the creation of enduring value for both the nation and all its stakeholders. This dedication ensures sustainable growth and positive societal impact in the long run.
During the AGMS, shareholders unanimously approved all six agenda items proposed by management. The company views this comprehensive approval as a strong endorsement from shareholders for its financial discipline, long-term growth strategies, and the continuous enhancement of corporate governance, especially amidst the evolving challenges within the global critical mineral industry.
Beyond the dividend approval, the AGMS also accepted the resignations of Emily Olson from her position as Deputy President Commissioner and Christopher McCleave as Commissioner. In their stead, shareholders approved the appointment of Kristina Gauthier as Deputy President Commissioner, alongside Patricia Renee Pegues and Adam MacMillan as Commissioners, thereby bolstering the board’s expertise and leadership.
These strategic changes to the Board of Commissioners are designed to reinforce the company’s leadership, ensuring it remains highly adaptable and responsive to the increasingly dynamic challenges of the critical mineral industry. This move is also anticipated to significantly support the ongoing business transformation and the future development of PT Vale’s strategic projects, fostering long-term stability and innovation.
The cash dividend will be distributed to shareholders recorded as of June 12, 2026, with the payment scheduled for June 26, 2026. The remaining net profit will be retained as undistributed earnings, strategically allocated to support future business expansion and address the company’s ongoing investment requirements, thus securing future growth initiatives and operational robustness.
Summary
PT Vale Indonesia Tbk (INCO) will distribute 60 percent of its 2025 net profit as a cash dividend, totaling US$45.64 million, a decision unanimously approved by shareholders on June 2, 2026. This payout follows a robust financial performance in 2025, where the company reported a net profit of US$76 million (a 32 percent increase), revenue of US$990 million, and US$228 million in EBITDA. President Director Bernardus Irmanto affirmed PT Vale’s operational resilience and its commitment to Indonesia’s role as a sustainable nickel producer.
The Annual General Meeting of Shareholders (AGMS) also saw the unanimous approval of all six agenda items, signifying strong shareholder endorsement of the company’s strategies and governance. Furthermore, the AGMS approved changes to the Board of Commissioners, appointing Kristina Gauthier, Patricia Renee Pegues, and Adam MacMillan to bolster leadership. The cash dividend is scheduled for payment on June 26, 2026, to shareholders recorded by June 12, 2026, with remaining profits allocated for future business expansion.