Bisnis.com, JAKARTA — Coal miner PT Harum Energy Tbk. (HRUM) is seeing results from its efforts to ramp up nickel business after the company’s previous pivot to nickel in line with a target to have its nickel segment contribute over 50% to earnings.
Out of HRUM’s $298.93 million revenue in Q1/2025, the company’s nickel business from exports and domestic sales contributed approximately $168.37 million, up 19.97% year-on-year (YoY) and accounting to around 56.32% of the company’s total revenue. These figures are a stark increase from 2022 where, according to Bisnis.com’s records, nickel sales accounted to only 12% of revenue.
