Pt Semen Indonesia (persero) Tbk · IDX:SMGR
Pt Semen Indonesia (persero) Tbk — FY2025 Earnings Presentation
18 slides from Pt Semen Indonesia (persero) Tbk's earnings presentation, April 2026
Slide 1: FY 2025 Performance Earnings Call
FY 2025 Performance Earnings Call PT Semen Indonesia (Persero) Tbk Jakarta, April 2026
Slide 2: Agenda
Macroeconomic Background 2 Operational Overview 4 FY-2025 Financial Performance 10 Strategic Initiatives 15
Slide 3: Macroeconomic Background
Macroeconomic Background
Slide 4: Challenging macro backdrop, though late-year momentum shows gradual recovery
MACROECONOMIC BACKGROUND Challenging macro backdrop, though late-year momentum shows gradual recovery Gross Domestic Product National and Property Loan Growth Growth (yoy) 7.59% 7.29% 7.48% 11.4% 13.0% 5.81% 11.0% 10.4% 5.12% 5.39% 9.7% 5.11% 5.05% 4.95% 4.87% 5.04% 8.7% 7.6% 7.2% 5.02% 4.98% 4.21%
Slide 5: Operational Overview
Operational Overview
Slide 6: New strategic initiatives drove improvement in SIG performance in 2H-2025
PERFORMANCE HIGHLIGHTS New strategic initiatives drove improvement in SIG performance in 2H-2025 Performance Highlights SIG Total Sales Volume YTD sales volume ✓ Total SIG sales volume as of FY-25 was achieved at -0.9% YoY 37.93 Mn Tons, contracting slightly by -0.9% YoY. 38.27 37.93 This is an impr
Slide 7: As the overall industry remained at a contraction in 2025, SIG pushed to improve sales performance
INDUSTRY VS SIG GROWTH As the overall industry remained at a contraction in 2025, SIG pushed to improve sales performance in the second half Industry Demand SIG Domestic Sales Volume* Domestic demand in FY25 saw a contraction of -1.5% YoY, gradually SIG domestic sales volume as of FY25 saw an improv
Slide 8: Improvement of SIG Sales Volume was driven by strong bag sales in Q4-2025
INDUSTRY VS SIG GROWTH Improvement of SIG Sales Volume was driven by strong bag sales in Q4-2025 Industry Segment Demand SIG Domestic Segment Sales Volume* Bag segment in FY25 grew by 1.0% YoY, gradually improving from Q1 25 SIG bag volume ended at -0.8% YoY, major improvement from the start of at -
Slide 9: Despite price adjustments that supported the increase in ASP, domestic market share showed positive progress
OPERATIONAL PERFORMANCE Despite price adjustments that supported the increase in ASP, domestic market share showed positive progress ASP Movement Trend Domestic Market Share Trend Blended ASP 45.0 60.00% 40.0 48.20% 46.1% 46.5% 46.8% 46.9% +4.9% 50.00% 35.0 +0.4% 30.0 December 2025 ASP increased 40.
Slide 10: As domestic market continues to show pressure, export market is optimized
OPERATIONAL PERFORMANCE As domestic market continues to show pressure, export market is optimized to support healthy utilization Strong trend in export signals good market potential… ...making room to explore further opportunities +14.9% YoY +25.3% YoY 6.40 5.57 +24.9% YoY 5.05 ✓ Potential additiona
Slide 11: FY 2025 Financial Performance
FY 2025 Financial Performance
Slide 12: 4Q 2025 revenue grew 0.5% yoy and 2.5% qoq, bringing FY 2025 revenue to moderate by 2.6% yoy
FY 2025 FINANCIAL PERFORMANCE 4Q 2025 revenue grew 0.5% yoy and 2.5% qoq, bringing FY 2025 revenue to moderate by 2.6% yoy. Net profit improved in 2H 2025 Total Revenue EBITDA -2.6% +2.0% -18.2% +0.5% 36,186 35,244 +1.9% +2.5% 5,494 4,494 1,185 1,087 1,186 1,209 9,891 9,696 9,939 1,011 7,655 7,954 1
Slide 13: Effective cost management amid ongoing cost pressures
FY 2025 FINANCIAL PERFORMANCE Effective cost management amid ongoing cost pressures COGS OPEX 1.65% Total Cost -0.29% 0.04% 16.2% 0.23% 5,724 5,818 2.76% 33,979 33,992 28,255 28,174 1,709 1,716 7,827 6,093 6,380 7,841 7,859 1,277 1,349 1,476 9,536 9,317 9,575 7,371 7,729 4Q 24 1Q 25 2Q 25 3Q 25 4Q 2
Slide 14: COGS and OPEX remained controlled as efficiency initiatives continued
FY 2025 FINANCIAL PERFORMANCE COGS and OPEX remained controlled as efficiency initiatives continued COGS was slightly declined as OPEX also showed positive progress ▲ 1.6% ▼ 4.3% Operating Pre-impairment Expenses OPEX ▲0.7% 5,818 5,724 5,704 5,458 ▼ 0.3% Variable COGS COGS Slight increase was driven
Slide 15: Solid Financial Position with Prudent Leverage and Strong Credit Fundamentals
FINANCIAL POSITION Solid Financial Position with Prudent Leverage and Strong Credit Fundamentals Maintained stable cash generation and Continued deleveraging trend with Strong credit rating and healthy liquidity position low gearing interest coverage Cashflow from Operations (Rp Bn) Interest Bearing
Slide 16: Strategic Initiatives
Strategic Initiatives
Slide 17: Transformation strategy gained positive traction in 2025, setting strong foundation for the next phase in 2026
STRATEGIC INITIATIVES Transformation strategy gained positive traction in 2025, setting strong foundation for the next phase in 2026 Key Strategic Focus 2025 Next Key Strategic Focus 2026 Derivative & Retail Business Model Cement Derivatives Cost Leadership Cement Building Transformation & Portfolio
Slide 18: Leading the industry transformation towards sustainability
“Leading the industry transformation towards sustainability” @sig.id Semen Indonesia Semen Indonesia @semenku PT Semen Indonesia (Persero) Tbk. South Quarter, Tower A, Floor 19-20 Jl. RA. Kartini Kav. 8, Jakarta Selatan 12430, Indonesia
PT Semen Indonesia (Persero) — FY2025 Earnings Presentation on 6ix