Pt Indo Tambangraya Megah Tbk · IDX:ITMG
Pt Indo Tambangraya Megah Tbk — Q4 2025 Earnings Presentation
24 slides from Pt Indo Tambangraya Megah Tbk's earnings presentation, Mar 4, 2026
Slide 1: Analysts Meeting 4Q25 Performance Result
Analysts Meeting 4Q25 Performance Result 4 March 2026
Slide 2: Agenda
AGENDA 01 02 03 04 05 Highlights Coal market Operational Financial Q&A session trends updates updates
Slide 3: Highlights
Nit | OUR WAY IN ENERGY Highlights
Slide 4: ITM 4Q25 highlights
ITM 4Q25 highlights Operational performance ITM shareholders approve shares buyback plan ITM's EGMS on 3 November 2025 approved Production Sales a one-year share buyback plan with maximum purchase up to 113.0 million 5.8 Mt 6.8 Mt shares (10% of outstanding shares), with a maximum fund of IDR 2.49 t
Slide 5: 2025 production and sales review
2025 production and sales review FY25 production volume per mine FY25 sales volume based on sales destination IMM: 6.9 Mt China: 8.4 Mt EAST KALIMANTAN TCM: 3.1 Mt Indonesia: 5.5 Mt CENTRAL BEK: 8.5 Mt Japan: 4.4 Mt KALIMANTAN GPK: 2.2 Mt India: 2.3 Mt TIS: 0.5 Mt Others: 4.1 Mt FY24 vs. FY25 total
Slide 6: 2025 strategic overview
2025 strategic overview Early step in strategic minerals 1st rank on Sustainalytics ESG rating On 4 July 2025, ITM entered the nickel sector Based on Sustainalytics assessment in 2025, the Company through the acquisition of 9.62% shares achieved 1st rank among coal sub-industry peers both in ownersh
Slide 7: 2025 awards and accolades
2025 awards and accolades ASSRAT 2025 Fortune Indonesia FIHRRST – Moores Rowland 2025 TOP CSR Awards 100 Included in the list of “100 Largest Companies in Indonesia” 2025 based on FY24 Achieved an “A” rating for Three awards: Platinum trophy, Top results the sustainability report for CSR Award Star
Slide 8: Coal market trends
Nit | OUR WAY IN ENERGY 02 Coal market trends
Slide 9: Global thermal coal market
Global thermal coal market Coal demand and supply change – 2026e vs 2025 Demand trends Overall, global thermal coal demand remains stable. Import flows continue to Unit: Mt Demand Supply adjust to potential production cuts in Indonesia, leading buyers to manage inventory more actively and diversify
Slide 10: Coal price and sales summary
Coal price and sales summary ITM ASP vs BENCHMARK PRICES Unit: $/t 27 February 2026 450 NEX ICI 3 $117.3/t $70.4/t ITM ASP 300 4Q25: FY25: $74.8/t $76.0/t 2% QoQ -20% YoY -20% YoY 150 Monthly NEX December SALES VOLUME $109.3/t 4Q25: FY25: 4Q25 ITM ASP $74.8/t Monthly ICI 3 December $62.6/t 6.8 Mt 24
Slide 11: ITM coal sales
ITM coal sales 4Q25 coal sales volume based on sales destination FY25 coal sales % Others 10% Bangladesh 3% China 34% Philippines 4% 2.1 Mt India 9% FY25 1.3 Mt sales actual 24.7 Mt 0.3 Mt Korea Japan 18% 0.3 Mt Japan China Indonesia 22% 0.3 Mt 0.1 Mt Bangladesh 0.3 Mt India Hong Kong 1Q26 Indicativ
Slide 12: Operational updates
Nit | OUR WAY IN ENERGY Operational updates
Slide 13: Coal mining operational summary
Coal mining operational summary Actual production 1Q26 Target: 4Q25: FY25: 5.1 Mt 5.8 Mt 21.2 Mt 1.7 Mt Coal production EAST KALIMANTAN 20.2 21.2 0.7 Mt IMM 5.2 5.0 5.8 GPK TCM 0.1 Mt 0.8 Mt 4Q24 3Q25 4Q25 FY24 FY25 NPR TIS BEK Strip ratio CENTRAL 0.1 Mt KALIMANTAN 10.0 9.7 9.4 9.3 9.4 1.7 Mt 4Q24 3
Slide 14: Operational update – Indominco Mandiri
Operational update – Indominco Mandiri FY25 Actual: Quarterly production (Mt) IMM Indominco Mandiri 6.9 Mt 2.0 1.9 1.8 1.7 4Q24 3Q25 4Q25 1Q26e SR (bcm/t) 11.4x 12.1x 12.4x 12.6x EAST KALIMANTAN Comments ▪ 4Q25 production reached 1.9 Mt, with a manageable strip ratio of 12.4x. ▪ 1Q26 production is t
Slide 15: Operational update – Trubaindo Coal Mining
Operational update – Trubaindo Coal Mining FY25 Actual: Quarterly production (Mt) TCM Trubaindo Coal Mining 3.1 Mt 0.9 1.0 0.8 0.8 4Q24 3Q25 4Q25 1Q26e SR (bcm/t) 11.4x 12.2x 10.4x 10.9x EAST KALIMANTAN Comments ▪ 4Q25 production realized the target of 1.0 Mt with a strip ratio of 10.4x. ▪ 1Q26 prod
Slide 16: Operational update – Bharinto Ekatama
Operational update – Bharinto Ekatama FY25 Actual: Quarterly production (Mt) BEK Bharinto Ekatama 8.5 Mt 2.4 1.8 1.8 1.7 4Q24 3Q25 4Q25 1Q26e SR (bcm/t) 8.0x 5.8x 6.9x 9.0x EAST KALIMANTAN Comments ▪ 4Q25 production achieved slightly higher than the target at 2.4 CENTRAL Mt, while maintaining a lowe
Slide 17: Operational update – other mines
Operational update – other mines GPK TIS NPR Quarterly production (Mt) Graha Panca Karsa Tepian Indah Sukses Nusa Persada Resources FY25 Actual: 2.2 Mt FY25 Actual: 0.5 Mt First production in 2026 0.1 NPR 0.1 TIS 0.1 0.1 0.1 0.7 GPK 0.5 0.5 0.5 4Q24 3Q25 4Q25 1Q26e SR (bcm/t) - - - 10.2x NPR 19.9x 1
Slide 18: Financial updates
Nim | OUR WAY IN ENERGY =~ OG Financial updates
Slide 19: Financial performance – profitability
Financial performance – profitability INCOME STATEMENT REVENUE EBITDA Unit: $ Mn Unit: $ Mn 2,304 532 1,881 343 172 647 73 106 450 512 4Q24 3Q25 4Q25 FY24 FY25 4Q24 3Q25 4Q25 FY24 FY25 Average selling price ($/ton) 93.4 73.5 74.8 95.7 76.0 NET PROFIT Gross profit ($ Mn) 219 102 156 699 483 Unit: $ M
Slide 20: Financial performance – cost
Financial performance – cost TOTAL COST BREAKDOWN Unit: $/ton STRIP RATIO Unit: (X) 67.4 72.6 63.6 59.8 62.7 10.6 9.5 10.8 Royalty 10.0 8.4 8.9 9.7 9.4 9.4 9.3 4Q24 3Q25 4Q25 FY24 FY25 61.7 4Q24 3Q25 4Q25 FY24 FY25 56.8 55.2 53.8 50.3 SG&A expenses D&A expenses FUEL PRICE Other production Unit: $/li
Slide 21: Financial position
Financial position BALANCE SHEET Unit: $ Mn Borrowing Borrowing TOTAL ASSETS DEBT TO EQUITY 69 39 As of 31 Dec 2025 As of 31 Dec 2025 Other Other Liabilities Liabilities 403 Cash 459 Cash 990 808 $2,406Mn 0.02x FY24: $2,407Mn FY24: 0.04x NET GEARING ACTUAL CAPEX Total Total As of 31 Dec 2025 During
Slide 22: Q&A session
NITM O05 Q&A session
Slide 23: QoQ and YoY financial performance
QoQ and YoY financial performance Unit: US$ thousand 4Q25 3Q25 QoQ (%) 4Q24 YoY(%) FY25 FY24 YoY(%) Net Revenues 511,891 449,800 14% 647,321 (21%) 1,881,107 2,304,497 (18%) Gross Profit 155,827 102,298 52% 219,308 (29%) 482,837 698,810 (31%) Gross Profit Margin 30% 23% 34% 26% 30% Selling Expenses (
Slide 24: ITM group structure
ITM group structure PT Indo Tambangraya Megah Tbk. INDONESIAN STOCK EXCHANGE (65% shares owned by Banpu and 35% by Public1) IPO 18th Dec 2007 (Ticker: ITMG) 2 99.99% 99.99% 99.00% 99.99% 70.00% 99.99% 99.99% 99.99% 99.99% 70.00% PT Energi Batu PT ITM Bhinneka Power Bara Perkasa Renewable Investment
PT Indo Tambangraya Megah — Q4 2025 Earnings Presentation on 6ix