PT Merdeka Gold Resources Tbk (EMAS.JK)

Indonesia · Materials · IDR

Key financials

ROE: -8.41%; 2025 (actual)
ROA: -4.33%; 2025 (actual)
Gross Margin: -110.64%; 2025 (actual)
Net Margin: -85.16%; 2026 (forecast)
Total Assets: IDR 740,638.21K; 2025 (actual)
Net Income: -IDR 27,492.31K; 2025 (actual)
Valuation: IDR 81,759,081,633K; 2026 (forecast)
Stock Price: IDR 5,550; 2026 (forecast)

Historical & projected performance

Reported figures and Equlion model projections for the next 5 years.

Metric	2025 (actual)	2026 (forecast)	2027	2028	2029	2030	2031
ROE	-8.41%	-7.09%	-15.09%	-17.3%	-19.17%	-22.33%	-29.21%
Sector average	-	2.44%	-9.34%	4.77%	8.76%	4.61%	-115.25%
ROA	-4.33%	-3.09%	-5.35%	-5.37%	-5.05%	-4.87%	-5.01%
Sector average	-	5.32%	4.47%	3.87%	3.53%

Amounts in IDR (thousands); stock price per share. Values that are missing or fail Equlion's automated data-quality checks are shown as “-”. Stock price and valuation carry no data date: they are the Equlion model's estimate for 2026. Projections are model estimates, not investment advice.

Want the full financial forecast report for PT Merdeka Gold Resources Tbk? It covers the balance sheet, income statement and Equlion model projections.

Gross Margin	-110.64%	43.03%	43.03%	43.03%	43.03%	43.03%	43.03%
Sector average	-	23.88%	23.88%	23.88%	23.88%	23.88%	19.79%

Net Margin	-	-85.16%	-150.3%	-155.36%	-150.83%	-149.67%	-158.4%
Sector average	-	-9.16%	-2.21%	-2.3%	-1.67%	-1.34%	-32.36%

Total Assets	IDR 740,638.21K	IDR 964,330K	IDR 931,042.45K	IDR 912,515.94K	IDR 897,144.85K	IDR 883,088.81K	IDR 870,283.12K
Sector average	-	IDR 9,495,002,864.31K	IDR 10,120,284,849.39K	IDR 10,703,091,497.75K	IDR 11,281,149,427.37K	IDR 11,857,599,097.82K	IDR 2,392,857,436.73K

Net Income	-IDR 27,492.31K	-IDR 26,319.31K	-IDR 50,722.48K	-IDR 49,478.33K	-IDR 45,720.09K	-IDR 43,316.31K	-IDR 43,908.86K
Sector average	-	IDR 717,418,778.07K	IDR 685,039,064.6K	IDR 658,221,925.06K	IDR 641,957,410.72K	IDR 626,685,576.28K	IDR 68,875,123.72K

Valuation	-	IDR 81,759,081,633K	IDR 157,565,795,295.36K	IDR 153,700,952,937.71K	IDR 142,026,222,041.62K	IDR 134,559,076,282.41K	IDR 136,399,776,720.42K
Sector average	-	IDR 40,168,694,166.58K	IDR 42,330,227,044.47K	IDR 43,261,805,439.26K	IDR 44,010,126,603.47K	IDR 45,272,857,122.06K	IDR 10,588,785,074.24K

Stock Price	-	IDR 5,550	IDR 10,695.94	IDR 10,433.58	IDR 9,641.08	IDR 9,134.19	IDR 9,259.14
Sector average	-	IDR 2,505.95	IDR 2,628.59	IDR 2,670.58	IDR 2,709.24	IDR 2,781.81	IDR 2,097.53