Pt Garuda Indonesia (persero) Tbk Class B · IDX:GIAA
Pt Garuda Indonesia (persero) Tbk Class B — Q1 2026 Earnings Presentation
26 slides from Pt Garuda Indonesia (persero) Tbk Class B's earnings presentation, 2026
Slide 1: Corporate Presentation Q1 2026
Corporate Presentation PT Garuda Indonesia (Persero) Tbk Q1 2026
Slide 2: Table of Contents
1 Q1 2026 Summary 2 Operational Performance Table of 3 Financial Highlights Contents 4 Fleet Development & Serviceability Status 5 Transformation
Slide 3: Disclaimer
Disclaimer PT Garuda Indonesia (Persero) Tbk provides this presentation as part of its commitment to transparency in presenting data and information to shareholders and stakeholders. The contents of this presentation are derived from internal analysis and reliable sources believed to be credible. Th
Slide 4: Management
Management Board of Commissioners Board of Director Fadjar Chairal Glenny H. Thomas Balagopal Reza Aulia Prasetyo Tanjung Kairupan Oentoro Kunduvara Hakim President Commissioner President Vice President Director of Finance Director of Commissioner and CEO Director & Risk Management Commercial concur
Slide 5: 1 Q1 2026 Summary
1 Q1 2026 Summary 2 Operational Performance 3 Financial Highlights 4 Fleet Development & Serviceability Status 5 Transformation
Slide 6: Corporate Highlight & Awards Q1 2026
Corporate Highlight & Awards Q1 2026 1 2 3 4 5 January 2026 February 2026 March 2026 March 2026 March 2026 Carried 1.5 million Distributed umrah Garuda Indonesia Garuda Indonesia Achieved 92.08% passengers during packages for Launches Special opened a new sales OTP during Eid the 2025 mosque Homecom
Slide 7: Financial Highlights Q1 2026
Financial Highlights Q1 2026 Q1 2026 financial performance improved, supported by contributions across Garuda Indonesia Group as ongoing fleet recovery added six serviceable aircraft, driving higher capacity, traffic growth, and revenue generation. Q1 2025 Q1 2026 YoY Revenue USD 723,6 USD 762,4 +5,
Slide 8: Operational Highlights Q1 2026
Operational Highlights Q1 2026 Q1 2026 operational momentum remained positive, supported by fleet recovery initiatives, resulting in higher passenger traffic, yield, cargo volume, and flight frequencies. Q1 2025 Q1 2026 YoY On Time Performance (OTP) 87,93% 91,01% +3,08pp Passenger Carried 5,08 5,42
Slide 9: 2 Operational Performance
1 Q1 2026 Summary 2 Operational Performance 3 Financial Highlights 4 Fleet Development & Serviceability Status 5 Transformation 6 Financial & Operational Data
Slide 10: Operational Performance Passenger and Cargo
Operational Performance Passenger and Cargo Fleet recovery initiatives supported resilient passenger yields and stable cargo performance across Garuda Indonesia and Citilink. (Passenger/Cargo Yield in US Cents) (SLF/CLF in %) Group Passenger Performance Group Cargo Performance 46,68 43,63 40,45 7,37
Slide 11: 3 Financial Highlights
1 Q1 2026 Summary 2 Operational Performance 3 Financial Highlights 4 Fleet Development & Serviceability Status 5 Transformation
Slide 12: Group Revenue
Group Revenue Higher operational capacity and resilient passenger demand supported revenue growth in Q1 2026. 87,6 Q1 2026 Total Revenue 76,3 115,2 USD 762,4 million 93,7 41,3 89,3 5,4% YoY 81,9 167,9 25,0 43,6 38,0 41,9 39,6 Passenger revenue increased 40,6 39,8 Others 8,1% YoY to USD 608,5 million
Slide 13: Group Expenses
Group Expenses Q1 2026 saw disciplined cost management and lower fuel expense Q1 2026 Total Expenses USD 713,2 million 0,7% YoY 548,0 531,8 564,8 Fuel expense decreased by 3,7% 484,9 488,5 YoY to USD 224,7 million. Non-fuel expense remained broadly stable at USD 488,5 million. Expense growth remaine
Slide 14: Group Operating Profit
Group Operating Profit Enhanced fleet productivity and disciplined cost management strengthened operational profitability in Q1 2026. 68,3 Q1 2026 Operating Profit 46,5 USD 46,5 million 39,4 47,2% YoY 31,6 Six additional serviceable aircraft improved operational productivity and supported higher 3,8
Slide 15: Group Net Result
Group Net Result Net loss narrowed by 45,2% YoY, reflecting improved operating performance in Q1 2026 Q1 2026 Group Net Loss (USD 41,6 million) 45,2% YoY Improvement (37,9) (41,6) (66,9) (75,9) (138,6) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Note : Financial figures are presented in USD million, unl
Slide 16: 4 Fleet Development & Serviceability Status
1 Q1 2026 Summary 2 Operational Performance 3 Financial Highlights 4 Fleet Development & Serviceability Status 5 Transformation
Slide 17: The Group's Fleet Development & Serviceability Status
The Group’s Fleet Development & Serviceability Status Avg. Age 13,73 Fleet Serviceability overview Total Fleet Redelivery/ Total Fleet Aircraft Serviceable Fleet Delivery 31 March Phase out As Type 31 March 2026 2026 +6 2026 2026 31 December 2026 (+6.3%) B737-800 45 42 4* 49 120 A330-200 3 1 1** 2 A
Slide 18: 5 Transformation
1 1Q’26 Summary 2 Operational Performance 3 Financial Highlights 4 Fleet Development & Serviceability Status 5 Transformation
Slide 19: Strategic Milestone 2026
Strategic Milestone 2026 2026 Stabilization & Basic Execution Main Focus • Focus on stabilization through cash/funding • Rebuild digital architecture with industry and cost discipline, standard especially for the core system e.g SAP • Streamlining the profit-first network, S/4HANA; New Web Booking E
Slide 20: Business Goals & Strategies
Business Goals & Strategies Executing six key transformation pillars as the foundation for operational stabilization, service excellence, and sustainable growth. “To Become a Sustainable Aviation Group by Connecting the Indonesia Archipelago and Beyond while Vision Passionately Deliver Indonesian Ho
Slide 21: Stabilization & Basic Execution 2026
Transformation Roadmap : Stabilization & Basic Execution 2026 Execution of priority transformation initiatives across business, service, operations, digital, and human capital to support the Company’s stabilization and recovery phase. Business Service Branding Operational Digital Human Capital Trans
Slide 22: Thank You
Thank You Corporate Communication & Investor Relations PT Garuda Indonesia (Persero) Tbk GIAA IDX investor@garuda-Indonesia.com
Slide 23: Appendix
APPENDIX
Slide 24: Financial & Operational Data (Consolidated)
Financial & Operational Data (Consolidated) FINANCIAL Q1 2025 Q1 2026 Change REVENUE Schedule Airline Service 603,7 648,1 7,4% Non Schedule Airline Service 38,0 25,0 -34,2% Others 81,9 89,3 9,0% Total Operating Revenue 723,6 762,4 5,4% EXPENSES Fuel 233,4 224,7 -3,7% Depreciation 165,1 163,8 -0,7% P
Slide 25: Operational Data
Operational Data INDICATOR Garuda - Main Brand Q1 2025 Q1 2026 YOY Passenger Carried (Million) 2,60 2,47 -4,89% Passenger Yield (US Cents) 7,53 7,60 0,99% Seat Load Factor (%) 78,40 77,22 -1,17 pp Average Fares (US$) 153,46 163,08 6,27% Cargo Uplifted (Tons) 34.716 37.501 8,02% Cargo Yield (US Cents
Slide 26: Operational Data
Operational Data INDICATOR Garuda - Domestic Q1 2025 Q1 2026 YOY Passenger Carried (Million) 1,89 1,81 -4,44% Passenger Yield (US Cents) 9,27 9,53 2,84% Seat Load Factor (%) 77,39 74,06 -3,33 pp Average Fares (US$) 93,93 96,05 2,26% Cargo Uplifted (Tons) 21.339 21.713 1,75% Cargo Yield (US Cents) 69
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