JAKARTA INDONESIA (ISL News) – PT Tirta Mahakam Resources Tbk ("TIRT"), a listed company in the domestic sea transportation sector, continues to build its business foundation in the shipping sector after transforming its business activities last year. The company is now focused on optimizing fleet utilization, increasing operational efficiency, strengthening corporate governance, and continuously improving its financial position to create healthy and sustainable business growth.
Tham Arvin Setyanto, President Director of PT Tirta Mahakam Resources Tbk, said, "Transforming into a maritime transportation business is a crucial step in TIRT's journey. By 2025, we will have completed the various permits required to operate our maritime transportation business and secured several vessel charter contracts with customers."
In conducting its business, the Company implements a Business-to-Business (B2B) strategy, prioritizing captive markets as its primary source of revenue. At the same time, the Company remains open to collaboration opportunities with various strategic partners who can support business development and align with the principles of good corporate governance.
"Currently, the maritime transportation industry is facing a major challenge in the form of fluctuating fuel prices influenced by global geopolitical dynamics. To address this situation, we continue to optimize fleet utilization, ensure all vessels are seaworthy, and implement disciplined and efficient operational cost controls. Our main focus now is to ensure optimal shipping business operations to support the Company's sustainable financial position improvement. Furthermore, we will continue to build a strong governance foundation to create added value for shareholders and all stakeholders," added Tham Arvin Setyanto.
Revenue of Rp. 13.66 billion
The transformation has begun to show positive results. In the 2025 fiscal year, TIRT recorded revenue of Rp13.66 billion from the operation of a fleet of 20 vessels. This achievement marked the initial contribution of the sea transportation business segment to the Company's post-transformation performance. This momentum of performance improvement continued in the first quarter of 2026. The Company recorded revenue of Rp26.6 billion and a net profit of Rp7.5 billion.
On June 24, 2026, the Company also held an AGMS and EGMS. At the AGMS, the shareholders approved and ratified the Company's Annual Report for the 2025 financial year, including the Board of Directors' Report on the Company's business operations, the Board of Commissioners' Supervisory Report, the audited Annual Financial Statements, and the Company's Sustainability Report.
In addition, the shareholders have approved all items on the agenda of the AGMS and EGMS, which were communicated to the public in the meeting notice. Moving forward, the Company will continue its efforts to strengthen its maritime transportation business while prioritizing the principles of prudence, operational efficiency, and good corporate governance. These steps are expected to support business continuity and the gradual improvement of the Company's fundamentals.
(ISL News Editorial Team/Corcom TIRT).
