PT Merdeka Battery Materials Tbk (MBMA) announced its financial performance for the 12 months ending 31 December 2023. MBMA achieved record revenue of US$1.3 billion and EBITDA of US$98 million, marking a 192% and 103% increase compared to FY2022, respectively. This growth was driven by the production of 65,117 tonnes of nickel in nickel pig iron (“NPI”) and 30,333 tonnes of nickel in nickel matte. Total sales were 64,526 tonnes of NPI and 28,129 tonnes of nickel in nickel matte.
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