Financial Ratios PT Merdeka Gold Resources Tbk

Equities

EMAS

ID1000211600

Gold

End-of-day quote INDONESIA S.E. Other stock markets 2026-03-05			5-day change	1st Jan Change
8,475.00 ^IDR	+4.63%		+3.04%	+52.70%

Feb. 16	Nomura Adjusts Merdeka Gold Resources' Price Target to IDR9,125 From IDR5,225, Keeps at Buy	MT
Dec. 09	Merdeka gold resources announces revolving credit facility agreement	RE

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Published financial data: PT MERDEKA GOLD RESOURCES TBK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2022	2023	2024
Revenues	-	1.39M	1.75M
Total Revenues	-	1.39M	1.75M
Cost of Goods Sold, Total	-	936K	1.18M
Gross Profit	-	459K	570K
Selling General & Admin Expenses, Total	1.98M	2.17M	1.02M
Other Operating Expenses, Total	1.98M	2.17M	1.02M
Operating Income	-1.98M	-1.71M	-450K
Interest Expense, Total	-1.1M	-8.99M	-20.67M
Interest And Investment Income	48.64K	188K	688K
Net Interest Expenses	-1.05M	-8.81M	-19.99M
Currency Exchange Gains (Loss)	-228K	55.43K	266K
Other Non Operating Income (Expenses)	-154K	331K	-560K
EBT, Excl. Unusual Items	-3.42M	-10.13M	-20.73M
Merger & Related Restructuring Charges	-8.07M	-	-
Gain (Loss) On Sale Of Investments	-	-	4.95M
Other Unusual Items	-	-	845K
EBT, Incl. Unusual Items	-11.48M	-10.13M	-14.93M
Income Tax Expense	-150K	-3.29M	-2.23M
Earnings From Continuing Operations	-11.33M	-6.84M	-12.7M
Net Income to Company	-11.33M	-6.84M	-12.7M
Minority Interest	3	671	183
Net Income - (IS)	-11.33M	-6.84M	-12.7M
Net Income to Common Incl Extra Items	-11.33M	-6.84M	-12.7M
Net Income to Common Excl. Extra Items	-11.33M	-6.84M	-12.7M
Per Share Items
Net EPS - Basic	-0	-0	-0
Basic EPS - Continuing Operations	-0	-0	-0
Basic Weighted Average Shares Outstanding	14.56B	14.56B	14.56B
Net EPS - Diluted	-0	-0	-0
Diluted EPS - Continuing Operations	-0	-0	-0
Diluted Weighted Average Shares Outstanding	14.56B	14.56B	14.56B
Normalized Basic EPS	-0	-0	-0
Normalized Diluted EPS	-0	-0	-0
American Depositary Receipts Ratio (ADR)	5	5	5
Supplemental Items
EBITDA	-1.95M	-1.71M	577K
EBITA	-1.98M	-1.71M	-450K
EBIT	-1.98M	-1.71M	-450K
Effective Tax Rate - (Ratio)	1.3	32.51	14.96
Current Domestic Taxes	-	212K	1.56M
Total Current Taxes	-	212K	1.56M
Deferred Domestic Taxes	-	-3.51M	-3.79M
Total Deferred Taxes	-162K	-3.51M	-3.79M
Normalized Net Income	-2.13M	-6.33M	-12.96M
Interest on Long-Term Debt	-	474K	1.54M
Supplemental Operating Expense Items
General and Administrative Expenses	250K	155K	158K
Maintenance & Repair Expenses, Total	-	169K	301K

Fiscal Period: December	2022	2023	2024
Assets
Cash And Equivalents	5.58M	12.35M	67.33M
Total Cash And Short Term Investments	5.58M	12.35M	67.33M
Accounts Receivable, Total	-	430K	-
Notes Receivable	4.7M	4.7M	-
Total Receivables	4.7M	5.13M	-
Inventory	114K	610K	573K
Prepaid Expenses	112K	752K	541K
Other Current Assets, Total	18.5K	843K	3M
Total Current Assets	10.53M	19.68M	71.44M
Gross Property Plant And Equipment	175M	247M	419M
Accumulated Depreciation	-541K	-1.49M	-5.17M
Net Property Plant And Equipment	175M	245M	414M
Goodwill	122K	122K	122K
Loans Receivable Long-Term	18.2M	45.48M	-
Deferred Tax Assets Long-Term	876K	4.38M	8.62M
Other Long-Term Assets, Total	6.49M	13.94M	35.63M
Total Assets	211M	329M	530M
Liabilities
Accounts Payable, Total	3.07M	5.24M	10.47M
Accrued Expenses, Total	7.87M	20.02M	37.92M
Current Portion of Leases	-	3.36M	6.75M
Current Income Taxes Payable	147K	321K	892K
Total Current Liabilities	11.09M	28.94M	56.04M
Long-Term Debt	33.5M	134M	178M
Long-Term Leases	-	10.71M	15.65M
Pension & Other Post Retirement Benefits	24.27K	97.55K	645K
Deferred Tax Liability Non Current	-	-	6.4M
Total Liabilities	44.62M	173M	257M
Common Stock, Total	7M	7M	138M
Additional Paid In Capital	173M	168M	168M
Retained Earnings	-14.47M	-21.31M	-34.01M
Comprehensive Income and Other	1.27M	1.24M	621K
Total Common Equity	166M	155M	273M
Minority Interest	-160	-859	43.8K
Total Equity	166M	155M	273M
Total Liabilities And Equity	211M	329M	530M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.56B	14.56B	746M
ECS Total Common Shares Outstanding	14.56B	14.56B	746M
Book Value / Share	0.01	0.01	0.37
Tangible Book Value	166M	155M	273M
Tangible Book Value Per Share	0.01	0.01	0.37
Total Debt	33.5M	148M	200M
Net Debt	27.92M	135M	133M
Minority Interest, Total (Incl. Fin. Div)	-160	-859	43.8K
Account Code - Inventory Valuation	-	-	6
Inventories - Others	114K	610K	573K
Land - (BS)	50.7K	50.7K	50.7K
Buildings, Total	30.03K	30.03K	4.01M
Machinery, Total	514K	592K	1.84M
Full Time Employees	-	-	251

Fiscal Period: December	2022	2023	2024
Net Income	-11.33M	-6.84M	-12.7M
Depreciation & Amortization - CF	35.61K	951K	3.53M
Depreciation & Amortization, Total	35.61K	951K	3.53M
Other Operating Activities, Total	3.72M	-10.45M	2.27M
Cash from Operations	-7.58M	-16.34M	-6.9M
Capital Expenditure	-10.88M	-57.41M	-97.98M
Cash Acquisitions	-	-	-8.06M
Other Investing Activities, Total	-9.46M	-27.28M	-
Cash from Investing	-20.35M	-84.7M	-106M
Long-Term Debt Issued, Total	33.5M	110M	159M
Total Debt Issued	33.5M	110M	159M
Long-Term Debt Repaid, Total	-	-1.15M	-105M
Total Debt Repaid	-	-1.15M	-105M
Issuance of Common Stock	-	-	131M
Other Financing Activities, Total	-	-609K	-16.45M
Cash from Financing	33.5M	108M	168M
Foreign Exchange Rate Adjustments	-133K	-178K	-61.91K
Net Change in Cash	5.44M	6.77M	54.98M
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	1.82M
Levered Free Cash Flow	-	-51.04M	-80.73M
Unlevered Free Cash Flow	-	-45.42M	-67.81M
Change In Net Working Capital	-	-12.11M	-26.93M
Net Debt Issued / Repaid	33.5M	109M	53.32M

Fiscal Period: December	2022	2023	2024
Profitability
Return on Assets	-	-0.4	-0.07
Return on Total Capital	-	-0.43	-0.07
Return On Equity %	-	-4.25	-5.93
Return on Common Equity	-	-4.25	-5.93
Margin Analysis
Gross Profit Margin %	-	32.9	32.55
SG&A Margin	-	155.63	58.26
EBITDA Margin %	-	-122.34	33
EBITA Margin %	-	-122.73	-25.71
EBIT Margin %	-	-122.73	-25.71
Income From Continuing Operations Margin %	-	-490.35	-725.87
Net Income Margin %	-	-490.3	-725.86
Net Avail. For Common Margin %	-	-490.3	-725.86
Normalized Net Income Margin	-	-454.06	-740.46
Levered Free Cash Flow Margin	-	-3.66K	-4.61K
Unlevered Free Cash Flow Margin	-	-3.26K	-3.88K
Asset Turnover
Asset Turnover	-	0.01	0
Fixed Assets Turnover	-	0.01	0.01
Inventory Turnover (Average Inventory)	-	2.59	2
Short Term Liquidity
Current Ratio	0.95	0.68	1.27
Quick Ratio	0.5	0.44	1.2
Operating Cash Flow to Current Liabilities	-0.68	-0.56	-0.12
Days Outstanding Inventory (Average Inventory)	-	141.2	183.42
Average Days Payable Outstanding	-	1.06K	2.52K
Long Term Solvency
Total Debt/Equity	20.14	95.22	73.38
Total Debt / Total Capital	16.76	48.77	42.32
LT Debt/Equity	20.14	93.05	70.9
Long-Term Debt / Total Capital	16.76	47.67	40.9
Total Liabilities / Total Assets	21.15	52.78	48.46
EBIT / Interest Expense	-1.81	-0.19	-0.02
EBITDA / Interest Expense	-1.77	-0.08	0.15
(EBITDA - Capex) / Interest Expense	-11.68	-6.47	-4.59
Total Debt / EBITDA	-17.19	-194.42	65.12
Net Debt / EBITDA	-14.33	-178.17	43.23
Total Debt / (EBITDA - Capex)	-2.61	-2.54	-2.11
Net Debt / (EBITDA - Capex)	-2.18	-2.33	-1.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	25.49
Gross Profit, 1 Yr. Growth %	-	-	24.15
EBITDA, 1 Yr. Growth %	-	-12.46	-133.85
EBITA, 1 Yr. Growth %	-	-13.76	-73.71
EBIT, 1 Yr. Growth %	-	-13.76	-73.71
Earnings From Cont. Operations, 1 Yr. Growth %	-	-39.68	85.76
Net Income, 1 Yr. Growth %	-	-39.69	85.77
Normalized Net Income, 1 Yr. Growth %	-	196.54	104.64
Diluted EPS Before Extra, 1 Yr. Growth %	-	-39.72	85.93
Inventory, 1 Yr. Growth %	-	435.69	-6.08
Net Property, Plant and Equip., 1 Yr. Growth %	-	40.24	68.92
Total Assets, 1 Yr. Growth %	-	55.8	61.18
Tangible Book Value, 1 Yr. Growth %	-	-6.7	75.96
Common Equity, 1 Yr. Growth %	-	-6.7	75.9
Cash From Operations, 1 Yr. Growth %	-	115.43	-57.77
Capital Expenditures, 1 Yr. Growth %	-	427.52	70.66
Levered Free Cash Flow, 1 Yr. Growth %	-	-	58.15
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	49.28
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-	-	-45.56
EBITA, 2 Yr. CAGR %	-	-	-52.39
EBIT, 2 Yr. CAGR %	-	-	-52.39
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	5.85
Net Income, 2 Yr. CAGR %	-	-	5.85
Normalized Net Income, 2 Yr. CAGR %	-	-	146.34
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	5.87
Inventory, 2 Yr. CAGR %	-	-	124.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	53.91
Total Assets, 2 Yr. CAGR %	-	-	58.47
Tangible Book Value, 2 Yr. CAGR %	-	-	28.13
Common Equity, 2 Yr. CAGR %	-	-	28.11
Cash From Operations, 2 Yr. CAGR %	-	-	-4.61
Capital Expenditures, 2 Yr. CAGR %	-	-	200.04