What Is BSSR Stock? Getting to Know the Business and Its Dividend History

Dividend-hunting investors on the Indonesia Stock Exchange usually have a short list of stocks they regularly monitor, and the name BSSR is almost always on that radar. BSSR stock has recently become a talking point again thanks to a dividend yield that has broken above 17%, a figure rarely found in sectors other than coal. 

But before being tempted by that big number, it's worth getting to know the business behind it, the condition of its financial statements, and how its dividend distribution history has been so far.

Key Takeaways

• BSSR is a coal issuer that has been operating since 1990 and listed on the exchange since 2012, with two mining concessions in South Kalimantan and East Kalimantan.
• The company recorded an indicative dividend yield of around 17.68%, with a final dividend for the 2025 financial year worth US$70 million or equivalent to Rp486.13 per share.
• Net profit in 2025 actually declined compared to 2024, so the size of the dividend needs to be viewed alongside the flattening profitability trend.

Getting to Know BSSR's Business from Trading to Mining

PT Baramulti Suksessarana Tbk, known by the stock code BSSR, began its business journey in 1990 as a coal trading company. It was only on November 12, 2012, that the company officially listed on the Indonesia Stock Exchange and began focusing fully on the coal mining industry.

Currently, BSSR operates two mining concessions in South Kalimantan and East Kalimantan, with an exploration rate that has only reached 15% of the total concession area. 

This means there is still ample room for reserve development going forward. Mining operations are carried out through its subsidiary PT Antang Gunung Maratus (AGM), which is the main driver of BSSR's coal production.

In terms of reserves, the latest data as of December 31, 2025, recorded BSSR's total coal reserves at 32.3 million tons. The company's coal products are distributed not only in the domestic market but are also exported to China and India, with plans for further expansion into the ASEAN market.

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Reading BSSR's Financial Statements and Stock Valuation

Based on the latest data, BSSR stock is traded in the range of Rp4,700 to Rp4,930 with a market capitalization of around Rp11.88–12.82 trillion, depending on the time of data collection. Some key financial metrics investors need to know:

BSSR's PE ratio in the 9–10 times range is relatively cheap compared to the overall stock market average. Meanwhile, a beta of 0.28 indicates that BSSR's price volatility is relatively low compared to the benchmark index movements — suitable for investors looking for stocks with not-too-wild price fluctuations.

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BSSR stock price movement as of September 14, 2026. Source: TradingView

BSSR's Dividend History That Becomes the Main Attraction

This is the part most often sought by investors regarding BSSR. Based on the Annual General Meeting of Shareholders (AGMS) held on June 15, 2026, BSSR approved a final cash dividend distribution of US$70 million from the 2025 financial year net profit, equivalent to Rp486.13 per share using the Bank Indonesia middle rate at that time. 

The dividend payout ratio (DPR) of this dividend reached around 63.83% of the total 2025 net profit of US$83.98 million, with a payment schedule on July 8, 2026, as reported by Investor Trust.

Before that final dividend, BSSR had also distributed an interim dividend of US$20 million or equivalent to Rp127.41 per share based on financial data as of September 30, 2025, with payment made on January 15, 2026, according to records from the Indonesian Mining Association. 

This combination of interim and final dividends places BSSR as one of the issuers with the highest dividend yield on the exchange, in line with a similar trend also occurring in other coal issuers such as Alamtri Resources (ADRO) and Adaro Andalan Indonesia (AADI).

However, there is one important note that should not be missed: BSSR's net profit in 2025 of US$83.98 million actually declined compared to US$131.55 million in 2024. This means that although the dividend nominal remains large, the figure comes from a profit base that actually shrank compared to the previous year. 

A payout ratio rising above 60% shows management remains committed to distributing large dividends even though profitability has slightly flattened — something investors need to scrutinize before assuming this jumbo dividend trend will last forever.

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Coal Sector Sentiment and Latest Operational Performance

BSSR's Q1 2026 performance was supported by rising coal prices and increased operational efficiency. BSSR President Director Widada said coal prices in early 2026 were at a higher level than the same period the previous year, while the company's operating ratio also improved compared to 2025. 

To extend the mine's life, the company continues exploration activities in the PT Antang Gunung Meratus concession area.

In terms of industry outlook, the IEA projects global coal demand in 2026 could reach a record of around 8.94 billion tons, driven by sustained demand from China and India to secure power plant electricity supply. 

In a comparative analysis among retail investors on the Stockbit platform, BSSR is even mentioned as one of the five most attractive coal stocks for 2027, sitting just below AADI but above big names such as PTBA, ITMG, and ADRO.

Nevertheless, coal sector sentiment also remains overshadowed by regulatory uncertainty, including discussions around royalty payment schemes and the establishment of a Coal Fund Management Agency, which could potentially affect the gross cash flow of coal issuers going forward.

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Conclusion

BSSR is an established player in the coal sector with an operational track record since 1990 and a clear export base to China and India. Its dividend policy is very aggressive with an indicative yield above 17%, making it a target for dividend-hunting investors, although it should be remembered that the large dividend is paid from a profit base that actually declined compared to the previous year. 

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FAQ

What kind of stock is BSSR?
BSSR is the stock code for PT Baramulti Suksessarana Tbk, a coal mining issuer that operates two mining concessions in South Kalimantan and East Kalimantan.

What is BSSR's dividend yield?
BSSR's indicative dividend yield is around 17.68%, one of the highest among coal issuers on the Indonesia Stock Exchange.

Did BSSR's profit rise or fall in 2025?
BSSR's net profit in 2025 was recorded as declining to US$83.98 million, compared to US$131.55 million in 2024.

When was BSSR's final dividend for the 2025 financial year paid?
The final cash dividend of US$70 million or equivalent to Rp486.13 per share is scheduled to be paid on July 8, 2026.

Is BSSR stock suitable for long-term investors?
Historically, BSSR's price has risen significantly in the last 5 and 10 years, but as a commodity stock, its movement still depends on the global coal price cycle, so it cannot be separated from fluctuation risk.