The 2025 Annual General Meeting of Shareholders (AGMS) of United Tractors (UT) took place on 25 April 2025 at Catur Dharma Hall, Menara Astra, Jakarta. The AGMS reached several key decisions:
The Annual Report for the 2024 Financial Year was approved, which included the ratification of the Board of Commissioners’ Supervisory Report and the Consolidated Financial Statements of the Company and its Subsidiaries. These financial statements were audited by Public Accountant Firm Tanudiredja, Wibisana, Rintis & Partners and deemed fair in all material respects as of 27 February 2025.
Regarding the allocation of the consolidated net profit of IDR 19.5 trillion, a portion amounting to IDR 2,151 per share or a total of IDR 7.8 trillion was designated as cash dividends. This includes interim dividends of IDR 667 per share or IDR 2.4 trillion, already distributed on 24 October 2024. The remaining dividends of IDR 1,484 per share or IDR 5.4 trillion will be distributed to shareholders listed in the registry as of 8 May 2025 at 4:00 PM, with payment scheduled for 28 May 2025. The remaining IDR 11.7 trillion has been recorded as retained earnings.
Several individuals were newly appointed to the Board, including Ari Sutrisno and Hendra Hutahean as Directors, Gita Tiffani Boer as Commissioner, and Ignasius Jonan as Independent Commissioner. With these additions, the Board of Directors and Board of Commissioners for the 2025–2026 term is as follows:
Board of Directors:
- President Director: Frans Kesuma
- Directors: Loudy Irwanto Ellias, Iwan Hadiantoro, Idot Supriadi, Widjaja Kartika, Vilihati Surya, Ari Sutrisno, Hendra Hutahean
Board of Commissioners:
- President Commissioner: Djony Bunarto Tjondro
- Vice President Commissioner: Rudy
- Commissioners: Djoko Pranoto Santoso, Gita Tiffani Boer, Benjamin Herrenden Birks
- Independent Commissioners: Paulus Bambang Widjanarko, Bruce Malcolm Cox, Ignasius Jonan
The Board of Commissioners was also authorized to determine the salaries and allowances for the Board of Directors, as well as the remuneration for the Board of Commissioners, based on recommendations from the Nomination and Remuneration Committee.
In addition, the Public Accountant Firm Rintis, Jumadi, Rianto & Partners, registered with the Financial Services Authority (OJK), was appointed to audit the Consolidated Financial Statements for the 2025 Financial Year.
United Tractors remains committed to expanding its business portfolio into non-coal resources and green energy, such as geothermal, aiming for a balanced income split between coal and non-coal sectors by 2030.
Despite rapid developments in electric technology and rising competition from Chinese products, United Tractors has maintained a strong market presence, securing a 26% market share last year. The limitations of current electric technology, such as prolonged charging times (up to 6 hours for medium trucks), have impacted adoption rates in the mining sector. Nevertheless, United Tractors is confident in its product line and competitive edge through innovations like digitalization and value-added services.
For more details on United Tractors’ sustainability initiatives, visit unitedtractors.com.
