Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — 9M 2025 Earnings Presentation
24 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, Nov 27, 2025
Slide 1: Earnings Call YTD Sept 2025
EARNINGS CALL YTD SEPT 2025 PT Garuda Indonesia (Persero) Tbk 27 November 2025
Slide 2: Disclaimer
DISCLAIMER This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently verified. No representation or warranty. express or implied. is made and no reliance is made on the accuracy or completeness of the information presented or cont
Slide 3: Chapter of Contents
❖ About Garuda Indonesia 1 Chapter of Contents ❖ Financial & Operational Highlight 2 ❖ Management Highlight 3 3
Slide 4: About Garuda Indonesia
Danantara ‘= Indonesia About Garuda Indonesia 5-STAR AIRLINE Garuda Indonesia ~ <4) The Airline of Indonesia >
Slide 5: Board of Commissioner (BoC)
Board of Commissioner (BoC) Fadjar Prasetyo President Commissioner concurrently as Independent Commissioner • President Commissioner of PT Dirgantara Indonesia (2021 - 2024) • Chief of staff of the Indonesian Air Force (2020 - 2024) Chairal Tanjung Commissioner • Director of CT Corp. (2000 - Present
Slide 6: Board of Director (BoD)
Board of Director (BoD) Glenny H. Kairupan Thomas Sugiarto Oentoro President Director & CEO Vice President Director • Commisioner of PT Garuda Indonesia (Persero) Tbk (2024 - 2025) • Chief Risk Officer of Indonesia Investment Authority (INA) • President Commissioner of PT Teknologi Militer Indonesia
Slide 7: Financial & Operational Highlight
CHAPTER 2 : Financial & Operational Highlight 7
Slide 8: The Group's Operational Performance Highlight
THE GROUP’S OPERATIONAL PERFORMANCE HIGHLIGHT Available Seat Kilometer (ASK) Passenger Carried Cargo Carried 1,92% YoY 13,36% YoY 7,21% YoY In Billion in million passenger in Thousand Ton 63,018 6,20 57,572 58,146 10,34 10,52 10,14 5,94 9,58 5,08 5,19 5,37 8,76 54,562 53,420 3Q 2024 4Q 2024 1Q 2025
Slide 9: The Group's Operating Revenue Highlight
THE GROUP’S OPERATING REVENUE HIGHLIGHT Passenger Revenue Cargo Revenue 3,81% YoY Total Revenue 11,36% YoY In USD million In USD million 10,53% YoY In USD million 698,20 679,50 618,91 563,06 941,29 45,98 540,71 43,54 41,88 854,51 842,16 40,63 39,76 824,64 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 3Q 2
Slide 10: The Group's Operating Expenses Highlight
THE GROUP’S OPERATING EXPENSES HIGHLIGHT CASK EXC FUEL CASK (COST AVAILABLE SEAT KILOMETERS EXC FUEL) (COST AVAILABLE SEAT KILOMETERS) 0,02% YoY 4,37% YoY Usc Usc 7,04 6,91 6,79 6,95 6,73 4,79 4,55 4,51 4,55 4,68 3Q 2024 4Q 2025 1Q 2025 2Q 2025 3Q 2025 3Q 2024 1Q 2025 4Q 2025 2Q 2025 3Q 2025 Fuel No
Slide 11: Financial 9 Months 2025
FINANCIAL 9 Months 2025 3Q25 YoY Performance 9Mo25 YoY Performance Revenue $ 842,16 mn $ 2.390,3 mn -10,53% YoY -6,70% YoY Operating Income $ 68,28 mn $ 139,27 mn -23,62% YoY -35,48% YoY Net Income $- 37,93 mn $ -180,77 mn -29,65% YoY -39,47% YoY EBITDA $ 235,82 mn $ 646,73 mn -12,44% YoY -5,70% YoY
Slide 12: Management Highlight
CHAPTER 2: Management Highlight 12
Slide 13: Strengthening Financial and Operational Performance to Deliver a Sustainable Aviation Group
Strengthening Financial and Operational Performance to Deliver a Sustainable Aviation Group Domestic Network : Sustainable Growth Partnership Codeshare SPA (Special Prorate Alliance 17 Partners Agreement) 5 2 Domestic Routes Skyteam 21 Partners 70 Partners 38 Destinations Strategic 1228 Routes 2 Par
Slide 14: The Group's Online Aircraft
THE GROUP’S ONLINE AIRCRAFT Operated by Garuda Indonesia Operated by Citilink Aircraft Type October-24 October-25 Aircraft Type October-24 October-25 Boeing 777-300ER 6 7 Airbus 330-900 Neo 2 - Airbus 330-200 1 1 Total Wide Body 2 - Airbus 330-300 9 8 Airbus 330-900 Neo 2 3 Total Wide Body 18 19 Air
Slide 15: Capital Injection Overview
Capital Injection Overview Capital Injection Structure & Use of Proceed Resulting Capital Structure • Share Holder Loan (SHL), Conversion USD 405 Million (Rp 6.65T) • Public ownership decreases from 27,47% 7,96%, • Cash Injection : USD 1.026B (Rp 17.02T) • TOTAL : Rp 23.67T (meets IDX Free float req
Slide 16: Transforming Garuda Indonesia into a world-class flag carrier
Transforming Garuda Indonesia into a world-class flag carrier and the pride of the nation Service Transformation Business Transformation Seamless, world-class service experience Competitive & financially resilient airline Operational Transformation Digital Transformation High-performing and dependab
Slide 17: Appendices
> Garuda Indonesia~ “4, The Ane of canes 2 APPENDICES
Slide 18: Consolidated Operational Performance (1)
CONSOLIDATED OPERATIONAL PERFORMANCE (1) INDICATOR 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY OPERATIONAL *Utilization (hour) 09:00 11:01 07:51 09:12 09:59 -00:11 08:19 09:22 -00:31 *On-Time Perfomance 79,97 80,84 87,09 85,01 86,18 6,21 82,34 82,18 -0,16 ASK (Billion) 10,34 10
Slide 19: Consolidated Operational Performance (2)
CONSOLIDATED OPERATIONAL PERFORMANCE (2) (Currency in Million USD, except stated otherwise) Domestic 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY Passenger Carried (Million) 2,34 2,29 1,93 2,15 2,37 1,11% 6,47 6,41 -1,03% ASK (Billion) 2,83 2,78 2,47 2,65 2,87 1,51% 8,01 7,99 -0
Slide 20: Consolidated Operational Performance (3)
CONSOLIDATED OPERATIONAL PERFORMANCE (3) Garuda Indonesia 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY Passenger Carried (Million) 3,07 3,05 2,65 2,77 3,22 4,89% 8,34 8,59 3,04% ASK (Billion) 6,96 7,31 6,76 6,10 7,83 12,43% 18,75 20,69 10,32% Seat Load Factor (%) 82,27 80,20 79,
Slide 21: Consolidated Statement of Profit (Loss)
Consolidated Statement of Profit (Loss) (Currency in Million USD, except stated otherwise) INDICATOR 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 *% YOY 9M 2024 (Unaudited) 9M 2025 (Unaudited) % YOY** Scheduled Airline Service 741,74 725,47 603,69 580,47 660,79 -10,91% 2,016.93 1,844,95 -8,53% Non Schedu
Slide 22: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (Currency in Million USD, except stated otherwise) INDICATOR FY 2024 3M 2025 *%Chg. 6M 2025 **%Chg. 9M 2025 ***%Chg. ASSETS Current Assets 553,91 576,21 4,03% 581,20 4,93% 685,47 23,75% Non current assets 6.064,70 5882,04 -3,01% 5.933,23 -2,17% 6.065,63 0
Slide 23: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow (Currency in Million USD, except stated otherwise) INDICATOR 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 *%YOY 9M 2024 (Unaudited) 9M 2025 (Unaudited) **%YOY Beginning cash 229,12 211,15 219,17 223,77 211,28 -7,79% 289,85 219,17 -24,38% Cash from operating activities
Slide 24: Thank You
Thank You INVESTOR RELATIONS & FINANCIAL ANALYSIS INVESTOR@GARUDA-INDONESIA.COM Management Building 3rd floor, Garuda City, Soekarno-Hatta International Airport, Jakarta
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