PT Merdeka Gold Resources Tbk

EMAS · JK · Basic Materials / Gold

$7,600-50.00 (-0.65%)

Close Sep 21, 2026 · end-of-day

Market Stats

Previous Close$7,650

Open$7,750

Day Range$7,525 – $7,800

52-Week Range$3,570 – $10,175

Volume9.32M

Market Cap$113.43T

P/E (TTM)0.00

Forward P/E0.00

EPS$-32.34

Dividend Yield0.00%

50-Day Avg$7,732.5

200-Day Avg$7,366.63

Price History

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About

PT Merdeka Gold Resources Tbk operates as a gold mining companyin Indonesia and Hong Kong. It explores for gold and silver. The company's flagship project is the 100% owned the Pani Gold Mine covers a tenement area of 135 hectares located in Mount Pani, Village Hulawa, Pohuwato Regency, Gorontalo Province, Sulawesi Island. The company was formerly known as PT Pani Bersama Jaya in June 2025. PT Merdeka Gold Resources Tbk was incorporated in 2015 and is based in Jakarta Selatan, Indonesia. PT Merdeka Gold Resources Tbk is a subsidiary of PT Merdeka Copper Gold Tbk.

Company Details

Sector: Basic Materials
Industry: Gold
CEO: Mr. Boyke Poerbaya Abidin B.Sc.
Employees: 448
Headquarters: Treasury Tower, Jakarta Selatan, Indonesia, 12190, Indonesia
Website: https://merdekagoldresources.com

Leadership

Mr. Boyke Poerbaya Abidin B.Sc.President Director · b. 1964
Mr. Marco Di SebastianoHead of the Internal Audit · b. 1986

Financials

Income Statement

Line item	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	$0	$1.39M	$1.75M	$131.96K
Cost of Revenue	$0	$935.53K	$1.18M	$277.96K
Gross Profit	$0	$458.77K	$569.56K	$-146.00K
Operating Income	$-10.05M	$-1.71M	$395.23K	$-9.63M
EBITDA	$-10.39M	$-1.14M	$5.51M	$-11.70M
Net Income	$-11.33M	$-6.84M	$-12.70M	$-27.49M
Interest Expense	$1.10M	$8.99M	$20.67M	$13.69M

Balance Sheet

Line item	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	$210.95M	$328.65M	$529.72M	$740.64M
Total Liabilities	$44.62M	$173.45M	$256.73M	$359.70M
Total Equity	$166.33M	$155.20M	$272.99M	$380.90M
Cash	$5.58M	$12.35M	$67.33M	$45.31M
Net Debt	$27.92M	$121.35M	$110.61M	$215.10M

Cash Flow

Line item	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	$-7.58M	$-16.34M	$-6.90M	$-19.07M
Investing Cash Flow	$-20.35M	$-84.70M	$-106.04M	$-182.56M
Financing Cash Flow	$33.50M	$107.98M	$167.98M	$182.09M
Capital Expenditure	$10.88M	$57.41M	$97.98M	$182.56M
Free Cash Flow	$-18.47M	$-73.75M	$-104.88M	$-201.63M

Earnings

Report Date	Aug 27, 2026	Mar 31, 2026
EPS Estimate	$0.00	$-0.00
EPS Actual	$-0.00	-
Surprise	-152.63%	-
Timing	Pre-market	-

Key Statistics & Ratios

Market Cap: $113.43T
Enterprise Value: $121.93T
Trailing P/E: 0.00
Forward P/E: 0.00
Price / Sales: 1000000.00
Price / Book: 17.78
EPS: $-32.34
Book Value: $0.025
Revenue (TTM): $2.78M
Gross Profit (TTM): $314.03K
EBITDA: $-6.95M
Profit Margin: 0.00%
Operating Margin: -273.76%
Return on Equity: -9.25%
Return on Assets: -1.32%
Shares Outstanding: 14.73B
Shares Float: 2.66B
Dividend Yield: 0.00%
Dividend Rate: $0
Payout Ratio: 0.00%