Ok Tedi Mining Limited (OTML) has released its 2025 financial results, recording unaudited revenue of K9.3 billion (US$2.3 billion) and a dividend payout of K1 billion to Papua New Guinea.
The state-owned miner exceeded its production targets for the year, yielding 106,018 tonnes of copper, 298,350 ounces of gold, and over one million ounces of silver. These results follow a two-year strategic shift aimed at tightening operational execution across its sites.
The financial report highlights a reduction in company debt, which fell from K709million in 2023 to K370million by the end of 2025. This fiscal tightening occurred alongside K1.09 billion in tax payments and K178 million in royalties.
The company also directed K766 million toward the Tax Credit Scheme and K37million into training programs.
While the figures show growth, the year was not without difficulty. OTML faced several operational setbacks, including power-related disruptions and infrastructure challenges. Management attributed the ability to maintain performance levels to revamped planning and the execution of major project shutdowns.
Expansion remained a key part of the year’s activity, marked by the acquisition of the Misima Gold project and the growth of Ok Tedi Energy.
These moves are part of the company’s “Growth 2050” strategy, which seeks to extend the mine’s relevance in the national economy.
Managing Director and CEO Kedi Ilimbit said that the year’s outcomes were a testament to the workforce’s performance.
“2025 has been another exceptional year for Ok Tedi. Our strong performance reflects the discipline, commitment, and professionalism of our workforce and reinforces the value of operating a 100% PNG owned mining company for the benefit of our people,” Mr. Ilimbit said.
Looking toward 2026, the company has adopted Disciplined Delivery as its internal theme, signaling a focus on maintaining safety and operational reliability as it continues its long-term expansion plans.
