JAKARTA — PT Vale Indonesia Tbk. (INCO) has officially announced a cash dividend payout of US$45.63 million, following approval from its Annual General Meeting of Shareholders (AGM). This dividend represents a 60% payout ratio based on the company’s total net profit for the 2025 fiscal year.
Based on the JISDOR exchange rate of Rp17,863 per US dollar as of June 2, 2026, this payout is equivalent to approximately Rp815.22 billion. This decision comes as the nickel mining company celebrates a robust financial performance, highlighted by a 32% year-on-year (YoY) surge in net profit.
The company’s strong bottom line was primarily driven by a 4% increase in annual revenue to US$990 million, alongside an EBITDA of US$228 million. Furthermore, Vale Indonesia successfully maintained operational efficiency, keeping nickel matte cash costs relatively stable despite ongoing market volatility.
Strategic Outlook and Dividend Distribution
Vale Indonesia President Director Bernardus Irmanto emphasized that the company’s ability to deliver solid operational results amidst global industry challenges underscores its commitment to sustainable growth. “The dividend approved today, combined with the progress of our High-Pressure Acid Leach (HPAL) projects, reflects our confidence in Indonesia’s long-term position as a leading source of low-carbon, responsible nickel for the global energy transition,” Irmanto stated in a press release on Tuesday, June 2, 2026.
Management confirmed that the cash dividends will be distributed to shareholders listed in the Register of Shareholders (Recording Date) by June 12, 2026, with the final payment process scheduled for completion on June 26, 2026. The remaining net profit for 2025 will be allocated as retained earnings to strengthen the company’s capital structure and fund future strategic expansion projects.
Governance Refresh
In addition to the financial resolutions, the AGM ratified changes to the company’s Board of Commissioners. Shareholders accepted the resignations of Emily Olson (Vice President Commissioner) and Christopher McCleave (Commissioner). To fill these roles, the meeting appointed Kristina Gauthier as the new Vice President Commissioner, while Patricia Renee Pegues and Adam MacMillan were appointed as Commissioners.
Management believes this leadership refresh will bolster the company’s ability to adapt to the increasingly complex dynamics of the global nickel and critical minerals market.
The updated leadership structure for Vale Indonesia is as follows:
Board of Commissioners
President Commissioner: F.S. Multhazar
Vice President Commissioner: Kristina Gauthier
Commissioner: Patricia Renee Pegues
Commissioner: Adam MacMillan
Commissioner: M. Jasman Panjaitan
Commissioner: Katherina Anggela Oendun
Commissioner: Shiro Imai
Independent Commissioner: Rudiantara
Independent Commissioner: Retno Marsudi
Independent Commissioner: Marita Alisjahbana
Board of Directors
President Director & CEO: Bernardus Irmanto
Vice President Director: Abu Ashar
Director: Heriyanto Agung Putra
Director: Budiawansyah
Director: Rizky Andhika Putra
Director: Muhammad Asril
Director: Slamet Sugiharto
Disclaimer: This article is for informational purposes only and does not constitute financial advice or an invitation to buy or sell shares. All investment decisions are the sole responsibility of the reader. The publisher is not liable for any losses or gains resulting from investment decisions.
Summary
PT Vale Indonesia Tbk. has approved a cash dividend payout of US$45.63 million, representing a 60% payout ratio of its 2025 net profit. This decision follows a strong financial year, marked by a 32% year-on-year growth in net profit and total annual revenue of US$990 million. The dividend will be distributed to shareholders by June 26, 2026, while the remaining profit will be retained to support capital structure and future strategic projects.
The company also announced a reshuffle of its Board of Commissioners following the resignations of Emily Olson and Christopher McCleave. Kristina Gauthier has been appointed as the new Vice President Commissioner, joined by new Commissioners Patricia Renee Pegues and Adam MacMillan. This leadership update is intended to strengthen the company’s governance and its ability to navigate the evolving global nickel market.
