PT Bumi Resources Tbk : BUMI ANNOUNCES FULL YEAR 2024 RESULTS

About this update from Pt Bumi Resources Tbk Class A

Bakrie Tower,12 th floor Komplek Rasuna Epicentrum Jl. H.R. Rasuna Said Jakarta, INDONESIA 12940 Website: www.bumiresources.com Company Information BUMI ANNOUNCES FULL YEAR 2024 RESULTS • NET INCOME USD170 .9 MILLION, SHARPLY INCREASED 45.5% • VOLUME DROPS 4% • COAL PRICE DROPS 12% • REVENUE DIPS 13% • OPERATING EXPENSES RISES 8.6% • OPERATING MARGIN 5.9% • PROFIT BEFORE TAX USD289.7 MILLION Jakarta, 28 March 2025 PT Bumi Resources Tbk (BUMI) confirms that the audited Financials for Full Year 2024 with notes have been posted on IDX web on 27 Mar 2025. BUMI submits its financials based on PSAK 111 on Joint Venture Accounting which consolidates Arutmin, but its major coal subsidiary, Kaltim Prima Coal (KPC) is equity accounted and is not consolidated. Attached are the following 3 Appendices for information: a) FY 2024 - Operating Metrics on 100% KPC & Arutmin basis (YOY) (Appendix 1) . b) FY 2024 - Consolidated Income Statement (YOY) this includes KPC and Arutmin - for benefit of investors (Appendix 2) . c) FY 2024 - Audited Income Statement on PSAK 111 basis (consolidates Arutmin but KPC is equity accounted) (YOY) (Appendix 3) . Operating Metrics FY 2024 - on 100% Basis for KPC & Arutmin - Key Highlights • Coal Sales of 75.8MT decreased by 4% vs 78.7MT in FY 2023 • Coal Mined of 74.7MT decreased by 4% vs 77.8MT in FY 2023 • Overburden Removed of 649.7 mbcm decreased by 15% vs 765.0 mbcm last year • End Year inventory reduced 22% from 2.1MT vs 1.6MT YOY. The average Coal Price realized of USD71.8/ ton declined by 12% vs USD81.3/ ton in FY 2023. Strip Ratios reduced in line with the Long Term mine plans, which helped keep costs down despite a rise in fuel costs. Key Highlights - FY 2024 - Consolidated Financials 2024 YOY Gross Revenue USD5,718.9 million vs USD6,574.5 million or decreased by 13.0%. USD5,127.0 million vs USD5,978.7 million or decreased by Cost of Revenue 14.2%. Gross Margin USD591.9 million vs USD595.8 million or decreased by 0.7%. Operating Expenses USD254.1 million vs USD234.0 million or increased by 8.6%. Operating Income USD337.8 million vs USD361.8 million or decreased by 6.6%. Operating Margin (% to revenue) 5.9% vs 5.5%. Income before Tax USD 289.7 million vs USD 254.3 million or increased by 13.9%. Net Income for the Year Increased by 45.5% to USD 170.9 million vs USD117.4 million - Sharply Rise of USD53.5 million. Total Net Income for the Year Attributable to Owners of The Parent Increased by 517.8% to USD 67.5 million vs USD 10.9 million - Sharp Rise of USD56.6 million. • Gross Revenue of USD5.72 billion in FY 2024 compares with $6.57 billion in FY 2023 - a sharp drop of 13% - due to market conditions and price, which declined by 12% (YOY). • Royalty, government profit sharing and price subsidies on domestic supplies amounted to over 40% of gross revenue in FY 2024. • BUMI is the largest domestic supplier of coal for power, cement, and fertilizer sectors at controlled prices which additionally pressures revenue and margins. • Fuel prices remain high. Above has impacted margins and net income. BUMI has made efforts to reduce costs - operating expenses yet increased by 8.6% to USD254.1 million in FY 2024 (vs USD234.0 million in FY 2023). BUMI is making progress on its coal downstream project with an overseas partner and is in dialogue with Authorities to reach closure for this project and other non-coal/minerals projects pursuit. Performance FY24 vs FY23 on Statutory PSAK111 Basis - Consolidates Arutmin but Equity Accounted KPC Highlights of FY 2024 performance vs FY 2023 is given below for your information. Gross Revenue Cost of Revenue Gross Margin Operating Expenses Operating Income Income before Tax Profit For the Year - Net Profit For the Year Attributable to: Owners of The Parent USD1,359.7 million vs USD1,679.9 million or decreased by 19.1%. USD1,190.4 million vs USD1,542.7 million or decreased by 22.8%. USD169.3 million vs USD137.3 million or increased by 23.3%. USD108.2 million vs USD80.5 million or increased by 34.5%. USD61.1 million vs USD56.8 million or increased by 7.5%. USD121.9 million vs USD82.4 million or increased by 48.0%. Increased by 235.1% to USD90.1 million vs USD26.9 million - Sharply Rise of USD63.2 million. Increased by 517.7% to USD67.5 million vs USD10.9 million - Sharply Rise of USD56.6 million. EARNINGS CALL ON FY 2024 RESULTS An earnings call is planned - details would be advised separately. For further information, please contact: PT Bumi Resources Tbk. Tel (62-21) 5794 2080 Fax (62-21) 5794 2070 Website www.bumiresources.com Appendix - 1 Operating Metrics FY 2024 - on 100% Basis for KPC & Arutmin Full Consolidation Method FY-24 vs FY-23 In USD 31 Desember / 31 Desember / December 31, 2024 December 31, 2023 Metode Konsolidasi/ Metode Konsolidasi/ Consolidation Method Consolidation Method PENDAPATAN 5,718,928,801 6,574,510,584 REVENUES BEBAN POKOK PENDAPATAN (5,127,042,188) (5,978,687,734) COST OF REVENUES LABA BRUTO 591,886,613 595,822,850 GROSS PROFIT BEBAN USAHA (254,083,619) (234,003,126) OPERATING EXPENSES LABA USAHA 337,802,994 361,819,724 OPERATING INCOME (BEBAN) PENDAPATAN LAIN-LAIN - NETO (48,071,717) (107,496,111) OTHER (EXPENSE) INCOME - NET LABA SEBELUM BEBAN INCOME BEFORE INCOME PAJAK PENGHASILAN 289,731,277 254,323,613 TAX EXPENSE BEBAN PAJAK PENGHASILAN (97,457,975) (111,258,331) INCOME TAX EXPENSE LABA NETO SETELAH PAJAK 192,273,302 143,065,282 NET INCOME AFTER TAX BAGI HASIL (21,421,316) (25,644,025) PROFIT SHARING LABA NETO 170,851,986 117,421,257 NET INCOME Total Laba Tahun Berjalan Yang Dapat Total Net Income For The Year Diatribusikan Kepada: Attributable To: Pemilik Entitas Induk 67,478,079 10,923,450 Owners of the Parent Company Kepentingan Non-Pengendali 103,373,907 106,497,807 Non-Controlling Interests 170,851,986 117,421,257 Performance FY24 vs FY23 on Statutory PSAK111 Basis - Consolidates Arutmin but Equity Accounted KPC In USD 31 Desember / 31 Desember / December 31, 2024 December 31, 2023 Metode PSAK111/ Metode PSAK111/ PSAK111 Method PSAK111 Method PENDAPATAN 1,359,679,473 1,679,948,765 REVENUES BEBAN POKOK PENDAPATAN (1,190,389,426) (1,542,653,836) COST OF REVENUES LABA BRUTO 169,290,047 137,294,929 GROSS PROFIT BEBAN USAHA (108,222,029) (80,482,691) OPERATING EXPENSES LABA USAHA 61,068,018 56,812,238 OPERATING INCOME (BEBAN) PENDAPATAN LAIN-LAIN - NETO 60,833,202 25,537,976 OTHER (EXPENSE) INCOME - NET LABA SEBELUM PAJAK PENGHASILAN 121,901,220 82,350,214 PROFIT BEFORE INCOME TAX BEBAN PAJAK PENGHASILAN (28,222,308) (49,924,476) INCOME TAX EXPENSE LABA SETELAH PAJAK PENGHASILAN 93,678,912 32,425,738 PROFIT AFTER INCOME TAX BAGI HASIL (3,545,548) (5,524,771) PROFIT SHARING LABA TAHUN BERJALAN - NETO 90,133,364 26,900,967 PROFIT FOR THE YEAR - NET Laba Tahun Berjalan Yang Dapat Profit For The Year Diatribusikan Kepada: Attributable To: Pemilik Entitas Induk 67,478,079 10,923,450 Owners of the Parent Company Kepentingan Non-Pengendali 22,655,285 15,977,517 Non-Controlling Interests 90,133,364 26,900,967

View stock analysis, news, and events for Pt Bumi Resources Tbk Class A