PT Indo Tambangraya Megah Tbk : News Release on Financial Results and Performance 3M25

NEWS RELEASE

English version

PT INDO TAMBANGRAYA MEGAH TBK REPORTED 3M25 FINANCIAL RESULT AND PERFORMANCE Jakarta, 9 May 2025 - PT Indo Tambangraya Megah Tbk (IDX: ITMG) today submitted its consolidated financial statements for the three-month period ended on 31 March 2025 (3M25) to Indonesia Stock Exchange (IDX). In adherence to the Company's good corporate governance, our 3M25 consolidated financial statements were supplemented with a report on review of interim consolidated financial statement by public accounting firm Rintis, Jumadi, Rianto & Rekan, a member firm of the PricewaterhouseCoopers global network. HIGHLIGHTS

• Financial performance: ITMG recorded an increase in coal production of 7% year-on-year which supports the increase in sales volume by 18% year-on-year. As a result of strong operational, the Company is able to maintain a stable revenue of $483 million, decreased by 1% year-on-year despite commodity price weakening. The Company reported a net profit of $66 million for the three-month period ending on 31 March 2025.
• Financial position: The Company upholds its sound balance sheet with total assets increased by 2% year-to-date while cash remained strong with 3M25 balance of $1 billion.
• Final dividend of fiscal year 2024: The Annual General Meeting of Shareholders held on 9 April 2025 approved the total dividend distribution for the fiscal year 2024 amounting to $243 million or representing 65% of the Company's net profit. A total amount of $90 million or equal to Rp 1,228/share has been distributed to the shareholders as interim dividend on 25 September 2024. The remaining $153 million or equivalent to Rp 2,245/share has been distributed in the form of cash dividend to the shareholders on 7 May 2025.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS Revenue

The Company recorded 3M25 revenue of $483 million; a slight decrease of 1% as compared to 3M24. Against the global coal price downtrend, the Company maximized its revenue through higher sales volume, wide market coverage, ability to serve a premium market, good customer relationship, and robust operations.

Cost of Revenue and Operating Expenses

Aligned with the operational excellence and efficiency which the Company is striving for, 3M25 cost of revenue had a year-on-year decrease of 6%, recorded at $347 million as compared to $370 million in the previous year. On a year-on-year basis, selling expenses increased by $4 million, aligned with higher sales volume, while general and administrative expenses increased by $4 million, resulting in a slight increase of operating expenses which amounted to $55 million in 3M25.

Other Income and Other Expenses

The Company booked a finance income of $11 million in 3M25, a slight increase from $10 million in 3M24. In addition, the Company also booked other expenses (net) of $5 million in 3M25 as compared to other expenses (net) of $4 million in 3M24.

NEWS RELEASE Income Tax Expenses and Royalties to the Government

Royalties to the Government slightly increased by 2% year-on-year to $53 million in 3M25 from $52 million in 3M24, mainly due to the increase of sales volume. Meanwhile, income tax expenses increased by 9% year-on-year to $19 million in 3M25 from $18 million in 3M24.

The Company reported profit for the period attributable to the owners of the parent entity of $65 million and net profit for the period of $66 million. CONSOLIDATED STATEMENT OF FINANCIAL POSITION Total Assets

Total assets at the end of March 2025 increased 2% to $2,454 million as compared with $2,407 million at the end of 2024, with the cash balance increased by 7% to $1,063 million from $990 million at the end of 2024. As of 31 March 2025, cash and cash equivalents represented 43% of the total assets.

Total Liabilities and Equity

Total liabilities decreased from $473 million at the end of 2024 to $458 million at the end of March 2025. At the end of March 2025, total equity stood at $1,996 million, increase from $1,934 million as of 31 December 2024.

CONSOLIDATED STATEMENT OF CASH FLOWS Cash Flows from Operating Activities

The Company's cash flows from operating activities in 3M25 declined by 55% to $46 million from $102 million due to receipt of other taxes recorded in 3M24.

Cash Flows from Investing Activities

The Company reported $44 million in net cash inflows received from investing activities in 3M25, from previously recorded net cash outflow of 28 million in 3M24, as the Company received a proceed from the sales of one of its financial assets.

Cash Flows from Financing Activities

Net cash outflow from financing activities in 3M25 increased by 123% to $15 million from $7 million in 3M24 mainly due to the cash received from short-term bank loans in 3M24 was higher than in 3M25.

NEWS RELEASE ABOUT PT INDO TAMBANGRAYA MEGAH TBK (ITM)

PT Indo Tambangraya Megah Tbk (ITM) is an Indonesian energy company with an integrated business scope that includes mining, energy services, and renewable energy. In the mining sector, ITM produces thermal coal of various qualities to meet the needs of customers in various countries.

In the energy services sector, ITM maximizes the industry value chain and engages in services related to the energy sector, including contractor and coal trading. In line with its transformation, to become a greener and smarter energy company, ITM continues to develop its business portfolio in the renewable energy sector and innovate to create more responsible business operations.

ITM strives to provide energy that is smart eco-friendly, reliable, and affordable. This demonstrates ITM's commitment to aligning its business activities with environmental, social, and governance (ESG) principles, sustainable development, and value creation for all stakeholders.

FOR FURTHER INFORMATION Investors

Agung Putra Sulaiman | [e-mail]

Media

Teuku Parvinanda (Andri) | [e-mail]

DISCLAIMER

The information contained in this document has been prepared by PT Indo Tambangraya Megah Tbk ("ITM"/"ITMG" or "the Company").

This document might contain "forward-looking" statements that relate to future events, which are, by their nature, subject to risks and uncertainties, which may cause the actual results, performance or achievements, or industry results to be materially different from any future. ITM makes no representation, warranty or prediction that the results anticipated by such forward-looking statements will be achieved and no assurance given that future events will occur or the assumptions are correct. ITM does not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise. The information set out herein is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company.

In no event shall ITM be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this document. ITM makes no representation whatsoever about the opinion or statements of any analyst or other third party. ITM does not monitor or control the content of third-party opinions or statements and does not endorse or accept any responsibility for the content or use of any such opinion or statement.

This document does not constitute an offer to sell or a solicitation of an offer to buy or sell ITM's securities in any jurisdiction.

NEWS RELEASE

Versi Bahasa Indonesia

PT INDO TAMBANGRAYA MEGAH TBK MELAPORKAN HASIL DAN KINERJA KEUANGAN PERIODE 3M25 Jakarta, 9 Mei 2025 - PT Indo Tambangraya Megah Tbk (BEI: ITMG) hari ini menyampaikan laporan keuangan kosolidasian untuk periode tiga bulan yang berakhir pada tanggal 31 Maret 2025 (3M25) pada Bursa Efek Indonesia (BEI). Sejalan dengan tata kelola Perusahaan yang baik, laporan keuangan konsolidasian 3M25 kami dilengkapi dengan laporan atas reviu laporan keuangan konsolidasian interim oleh Kantor Akuntan Publik Rintis, Jumadi, Rianto & Rekan, yang merupakan anggota dari jaringan global PricewaterhouseCoopers. IKHTISAR

• Performa Keuangan: ITMG mencatatkan kenaikan pada produksi Batubara sebesar 7% year-on-year sehingga dapat mendukung peningkatan volume penjualan sebesar 18% year-on-year. Sebagai hasil dari kinerja operasional yang baik, Perusahaan berhasil mempertahankan pendapatan sebesar $483 juta, berkurang sebesar 1% year-on-year sekalipun terjadi pelemahan harga komoditas. Perusahaan membukukan laba bersih untuk periode tiga bulan yang berakhir pada 31 Maret 2025 sebesar $66 juta.

• Posisi Keuangan: Perusahaan kembali menunjukkan kualitas neraca yang sehat dengan total aset meningkat sebesar 2% year-to-date sedangkan kas tetap berada pada posisi yang kuat dengan saldo per 3M25 sebesar $1 miliar.

• Dividen final tahun buku 2024: Rapat Umum Pemegang Saham yang diadakan pada 9 April 2025 menyetujui total distribusi dividen untuk tahun buku 2024 adalah sejumlah $243 juta atau mewakili 65% dari laba bersih Perusahaan. Sejumlah $90 juta atau setara dengan Rp 1.228/lembar saham telah didistribusikan kepada pemegang saham sebagai dividen interim pada 25 September 2024. Sisanya sejumlah $153 juta atau setara dengan Rp 2.245/lembar saham telah didistribusikan kepada pemegang saham pada 7 Mei 2025.

LAPORAN LABA RUGI KONSOLIDASIAN Pendapatan

Perusahaan mencatatkan pendapatan 3M25 sebesar $483 juta; sedikit menurun sebesar 1% dibandingkan 3M24. Menghadapi penurunan harga Batubara global, Perusahaan mengoptimalkan pendapatannya melalui volume penjualan yang lebih tinggi, jangkauan pasar yang luas, kemampuan untuk melayani pasar premium, hubungan yang baik dengan pelanggan, dan operasi yang kuat.

Beban Pokok Pendapatan dan Beban Operasional

Sejalan dengan operational excellence dan efisiensi yang dicita-citakan oleh Perusahaan, beban pokok pendapatan 3M25 mengalami penurunan sebesar 6% dari tahun sebelumnya, tercatat sebesar $347 juta dibandingkan $370 juta di tahun sebelumnya. Secara year-on-year, beban penjualan meningkat sebesar $4 juta sejalan dengan kenaikan volume penjualan, sedangkan beban umum dan administrasi naik sebesar $4 juta, sehingga terjadi sedikit kenaikan pada beban operasional, yang tercatat sejumlah

$55 juta di 3M25.

NEWS RELEASE Pendapatan Lainnya dan Beban Lainnya

Perusahaan membukukan penghasilan keuangan sebesar $11 juta di 3M25, sedikit meningkat dari $10 juta di 3M24. Selain itu, Perusahaan juga membukukan beban lainnya (net) sebesar $5 juta pada 3M25 dibandingkan dengan beban lainnya (net) sebesar $4 juta pada 3M24.

Beban Pajak Penghasilan dan Royalti kepada Pemerintah

Royalti kepada Pemerintah sedikit naik sebesar 2% year-on-year menjadi $53 juta pada 3M25 dari $52 juta pada 3M24, hal ini terutama disebabkan oleh kenaikan volume penjualan. Selain itu, beban pajak penghasilan naik 9% year-on-year menjadi $19 juta di 3M25 dari $18 juta di 3M24.

Perusahaan melaporkan laba periode berjalan yang dapat diatribusikan kepada pemilik entitas induk sebesar $65 juta dan laba bersih periode berjalan sebesar $66 juta. LAPORAN POSISI KEUANGAN KONSOLIDASIAN Jumlah Aset

Total aset pada akhir Maret 2025 meningkat sebesar 2% menjadi $2.454 juta dibandingkan dengan

$2.407 juta pada akhir tahun 2024, sedangkan saldo kas meningkat sebesar 7% menjadi $1.063 juta dari $990 juta pada akhir tahun 2024. Per 31 Maret 2025, kas dan setara kas merepresentasikan 43% dari total aset.

Jumlah Liabilitas dan Ekuitas

Total liabilitas turun dari $473 juta pada akhir tahun 2024 menjadi $458 juta pada akhir Maret 2025. Pada akhir Maret 2025, jumlah ekuitas mencapai $1.996 juta, naik dari $1.934 juta per 31 December 2024.

LAPORAN ARUS KAS KONSOLIDASIAN Arus Kas dari Aktivitas Operasi

Arus kas Perusahaan dari aktivitas operasi di 3M25 turun sebesar 55% menjadi $46 juta dari $102 juta dikarenakan adanya penerimaan pajak lainnya yang tercatat di 3M24.

Arus Kas dari Aktivitas Investasi

Perusahaan melaporkan arus kas masuk bersih yang didapatkan dari aktivitas investasi sebesar $44 juta pada 3M25, dari sebelumnya tercatat arus kas keluar bersih sebesar $28 juta di 3M24, dikarenakan Perusahaan memperoleh hasil dari penjualan salah satu aset finansialnya.

Arus Kas dari Aktivitas Pendanaan

Arus kas keluar bersih dari aktivitas pendanaan pada 3M25 meningkat sebesar 123% menjadi $15 juta dari $7 juta pada 3M24, hal ini terutama disebabkan oleh adanya kas yang diterima dari pinjaman bank jangka pendek pada 3M24 lebih tinggi dibandingkan 3M25.