A passively mode-locked Tm:YAG ceramic laser was demonstrated. Employing a 6 at.% Tm3+-doped sample with a length of 2.7 mm, we have realized stable mode-locked pulses with a repetition rate of 109 MHz by a semiconductor saturable absorber. A maximum output power of 116.5 mW was obtained at the central wavelength of 2007 nm. The corresponding pulse duration was determined to be 55 ps by a self-built noncollinear intensity auto-correlation setup. It is shown that Tm:YAG ceramics are excellent laser materials which can be used in ultrafast lasers with high-power and high-efficiency output.