PT TIMAH (Persero) Tbk reported a strong first-half 2026 performance, driven by firm global tin prices and higher sales volumes. The average LME Cash Settlement Price (CSP) for tin reached USD 50,319.19 per metric ton in the first half of 2026, up 56.68% from USD 32,115.77/ton in the same period of 2025.

The company booked revenue of Rp10.42 trillion in H1 2026, a 247% increase from Rp4.22 trillion a year earlier, with operating profit surging to Rp3.48 trillion and EBITDA rising 363% to Rp3.90 trillion. Net profit reached Rp2.71 trillion, equivalent to 169% of the full-year target of Rp1.61 trillion. Profitability metrics also improved sharply, with operating margin at 33.24%, EBITDA margin at 37.39% and net profit margin at 26.05%.

According to CRU Tin Monitor data, global refined tin production totaled 173,536 tons in the first half of 2026, against refined consumption of 179,256 tons, keeping the market in a supply deficit that supports positive industry prospects for the second half. Solder continues to account for roughly 50% of global tin consumption, driven by semiconductors, electronics, AI, data centers, electric vehicles and energy-storage infrastructure.