Earnings & Results
Batulicin Nusantara Maritim Total Liabilities Drop 40.28% to 41.67 Billion on Debt Repayments
By News Desk ·
Key takeaways
- Batulicin Nusantara Maritim's total liabilities fell 40.28% to 41.67 billion as of September 30, 2026.
- The decline of 28.1 billion compares with total liabilities of 69.77 billion on December 31, 2025.
- The reduction mainly reflected partial repayment of trade payables to suppliers and repayment of bank debt.
Batulicin Nusantara Maritim's total liabilities fell 40.28% to 41.67 billion as of September 30, 2026, from 69.77 billion on December 31, 2025, a decline of 28.1 billion. The company disclosed the figures in a filing published via the Indonesia Stock Exchange on November 01, 2026, as covered by The future of trading.
What Drove the 28.1 Billion Decline
Batulicin Nusantara Maritim is an Indonesian sea and river transportation company listed on the IDX under the ticker BESS, providing coal transhipment, nickel cargo and coal gasification transport services to mining and smelter customers in South Kalimantan and Sulawesi. The company was founded in 2011 and is headquartered in Selatan, Indonesia.
The reduction in total liabilities mainly reflected partial repayment of trade payables to suppliers and repayment of bank debt, according to the filing. The 28.1 billion decline compares with total liabilities of 69.77 billion at the end of 2025.
The filing was published via the Indonesia Stock Exchange under reference 630/BNM-PST/X/2026 on November 01, 2026. The company operates a fleet of approximately 18 tugboat-barge sets, according to company records.
Batulicin Nusantara Maritim's Fleet and Leadership
According to akta.pro company records, Batulicin Nusantara Maritim appointed Maulana Muhammad as Chief Executive Officer in January 2024, a generational leadership transition at the publicly listed coal transhipment operator. The company entered nickel cargo transportation in 2023, diversifying beyond coal into Indonesia's downstream nickel processing supply chain.
In June 2022, BESS established a new business entity called PT ESGE to serve coal gasification transportation. BESS holds 7,700 shares, or IDR 7.7 billion and a majority stake, in PT ESGE, while PT Ecube Project Management holds 3,300 shares.
The company's fleet includes 18 sets of tugboats and barges, all confirmed safe and reliable for operations, and it also operates Landing Craft Tank vessels for heavy equipment and construction material transport. Fifteen tugboats and 15 barges are operational for coal transhipment activities.
When the Filing Was Published
The liabilities figures were disclosed in a filing published via the Indonesia Stock Exchange on November 01, 2026, under reference 630/BNM-PST/X/2026.