PT Chandra Asri Pacific Tbk : CAP Flash Earnings Update for Quarter Ended March 31, 2026

About this update from Pt Chandra Asri Pacific Tbk

NEWS RELEASE Jakarta, 13 April 2026 CHANDRA ASRI GROUP DELIVERS RECORD Q1 2026 EBITDA OF USD 421 MILLION, DRIVEN BY EXCEPTIONAL REFINERY PERFORMANCE AND SOLID EXECUTION OF STRATEGIC VISION, AMID CHALLENGING PETROCHEMICAL INDUSTRY CONDITIONS PT Chandra Asri Pacific Tbk ("Chandra Asri Group" or the "Group") today announced a flash earnings update, reporting record quarterly Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of USD 421 million , and a record quarterly Net Profit of USD 205 million for Q1 2026. This was enabled by outstanding refinery performance, vigorous and risk-optimised feedstock sourcing, and robust execution of the Group's strategy to transform into a diversified regional industry leader positioned to capture the positive dynamics of Southeast Asia's energy, chemicals and infrastructure market. The Group also maintained deep liquidity of USD 3.8 billion , supporting operational resilience and strategic flexibility. This release, based on management accounts, highlights the Group's exceptional, record-breaking operating performance that enables continued fuel supply during periods of volatility while supporting growth capex, high-value jobs, and long-term industrial competitiveness. Q1 2026 Key Highlights Record quarterly EBITDA of USD 421 million and quarterly Net Profit of USD 205 million, the highest in the Group's history based on operating performance, is driven by successful integration of Shell Singapore assets and ExxonMobil Singapore retail assets completed over the past 1 year, underpinning the Group's structurally enhanced earnings base and transformative step-up in scale Strong and resilient balance sheet, underpinned by disciplined leverage and liquidity of USD 3.8 billion, enabling continued investment, active management of cycle volatility, and the ability to take measured risks across market conditions Against a challenging petrochemical industry, the Group maintained disciplined operations and cost control while completing core investments such as the expanded Butene-1 and MTBE plants in Cilegon Continued infrastructure expansion through PT Chandra Daya Investasi Tbk ("CDIA") across Indonesia Advancing Indonesia's downstream and industrial self-sufficiency, with approximately USD 1 billion of committed capital expenditure for a world-scale caustic soda and ethylene dichloride facility and its supporting infrastructure, on track for commissioning by 2027 Key Drivers of Performance Exceptional Refinery Performance Amid Middle East Market Dislocation, with Agile Commercial Execution The Group captured elevated refining margins amid volatility and supply shifts in the Middle East. Optimised crude slate selection and product placement enabled Chandra Asri Group to maximise cracks and throughput during the quarter. Site Operational Excellence and Strategic Feedstock Sourcing A key differentiator this quarter was operational excellence at plant sites, with proactive sourcing strategies and supply diversification, enabling rapid switching across feedstock types. This agility and robust execution allowed the Group to process advantaged crude and intermediates under tight market conditions, to maintain high utilisation rates and product yields. Navigating the Challenging Petrochemical Market Environment The petrochemical segment continued to operate in a challenging market environment, with margins under pressure due to persistent regional oversupply and cautious downstream demand. Despite these headwinds, the Group maintained stable operations through disciplined cost management, feedstock flexibility, and integrated optimisation across its value chain. Programmatic M&A Integration and Synergy Realisation The Group continued to execute its programmatic M&A strategy with rigour, successfully integrating recently acquired major assets including Shell refining, CPChem chemicals and Esso retail sites in Singapore. Synergies were realised across opex, procurement, trading, logistics, and commercial optimisation, enhancing margin capture and operational efficiency for direct value accretion. Strong Balance Sheet and Financial Discipline The Group maintained a rock-solid financial position, supported by strong operating cash flows and prudent working capital management, providing flexibility to invest and grow through market cycles. Infrastructure Expansion via CDIA Through CDIA, the Group continues to scale its infrastructure capabilities across logistics, storage, and utilities in Indonesia, enhancing integration, improving cost efficiency, and generating stable recurring income streams. 1 PT Chandra Asri Pacific Tbk About Chandra Asri Group : Chandra Asri Group is a leading provider of energy, chemical, and infrastructure solutions in Southeast Asia, supplying products and services to various manufacturing industries in both domestic and international markets. Since the Group's establishment in 1992, Chandra Asri has grown from strength to build our reputation as a reliable growth partner, with strategically well positioned assets in Indonesia and Singapore. The Group's asset base includes a refinery with a capacity of 237,000 barrels per day alongside a 1.1 million metric ton per annum ethylene cracker on Bukom Island, 2.5 million metric ton per annum downstream chemicals on Jurong Island, a network of ~60 Esso-branded retail fuel stations in Singapore and Indonesia's first naphtha cracker located in Cilegon with a capacity of 0.9 million metric ton per annum. The Group's business supported by is core infrastructure assets, including energy, water, ports & storage, and logistics. For more information, please contact: Chrysanthi Tarigan, General Manager of Corporate Communications [email protected] Investor Relations [email protected] www.chandra-asri.com CORPORATE NEWS To Ensure Long-term Reliability, Chandra Asri Group's Petrochemical Plants Undergo Scheduled Maintenance Chandra Asri Group is conducting scheduled maintenance (Turnaround Maintenance/TAM) at its petrochemical plant in Cilegon, Banten. Beginning in January 2026, the facility, which has been in operation for over 33 years, will undergo asset integrity enhancement in accordance with global standards to maintain safety and reliability. This includes routine maintenance, unit upgrades, and optimisation of supporting facilities to ensure long-term operational readiness. As part of planned operational governance, this scheduled maintenance ensures that Chandra Asri Group's production facilities remain reliable, safe, and prepared to support Indonesia's industrial needs. The execution of this maintenance also ensures that our petrochemical plant remains in optimal condition to support the Group's operational continuity and supply stability for customers. Strengthening Sustainability Performance, Chandra Asri Group Achieves CDP Scores "A-" 2025 Water Security Chandra Asri Group has successfully demonstrated a strong commitment to environmental governance through the improved Carbon Disclosure Project (CDP) 2025 scores. The Group achieved an "A-" rating for water security and maintained a "B" rating for climate change. This improvement reflects ongoing efforts in water risk mitigation, efficient water usage, and preparedness for the transition towards a low-carbon economy. The CDP evaluates a Group's ability to manage material risks related to water and climate, as well as the opportunities arising from industrial transformation. Strengthening Efficiency and National Talent, Chandra Asri Group Officially Operates CASS as Shared Service Center Chandra Asri Group has officially operated PT Chandra Asri Sentral Solusi (CASS) as a Shared Service Center (SSC) to provide comprehensive back-office services. CASS delivers integrated solutions covering finance, human resources, procurement, and customer operations functions. Currently, one of CASS's primary focuses is supporting the operations of Aster Chemical & Energy Pte. Ltd. through centralised management from Indonesia, ensuring that regional business activities run more efficiently and effectively to support cross-border operations. Indonesia Asri Involves 3,300 Participants, Encourage Circular Economy Practices Among Young Generations The Indonesia Asri campaign initiated by Chandra Asri Group has recorded more than 3,300 participants since its launch in 2023, focusing on public education and community-based action to encourage circular economy practices. In two years of implementation, Indonesia Asri has held a collective waste sorting activity involving more than 200 volunteers and successfully sorted 236 kilograms of waste. The campaign also strengthens community-based waste management through collaboration with a number of waste banks in Jakarta. The initiative is being implemented amid national challenges, where around 32% of Indonesia's waste is optimally managed. Entering its third year, Indonesia Asri is expanding collaboration with communities and educational institutions to make an impact on education and strengthen contributions to the environmental movement. Aster Wins "Best Sustainability-Linked Loan" at The Asset Triple A Sustainable Finance Awards 2026 Aster Chemicals and Energy Pte. Ltd. (Aster), a subsidiary of Chandra Asri Group in the energy and chemicals sectors, has successfully secured the Best Sustainability-Linked Loan award at Th e Asset Triple A Sustainable Finance Awards 2026 . This recognises the Group's USD 1 billion sustainability-linked term loan facility, which was established to align its financing structure with measurable environmental performance targets. The facility is set to support Aster's sustainable investments aimed at enhancing feedstock flexibility and energy efficiency. Simultaneously, it will strengthen long-term operational resilience and support the national downstream energy ecosystem. Advancing Downstream and Industrial Independence, Chandra Asri Group's CA-EDC Plant Construction Reaches 50% Chandra Asri Group, through its subsidiary PT Chandra Asri Alkali (CAA), continues to strengthen the resilience of the national chemical industry as the construction progress of the Chlor Alkali and Ethylene Dichloride (CA-EDC) plant has officially reached 50%. The strategic facility located in Cilegon has entered the peak progress phase, marking a concrete step by the Group in creating a more independent and resilient domestic industrial ecosystem through strengthening local production capacity for basic chemicals. In addition to strengthening industrial sovereignty, this project will significantly contribute to the national economy by absorbing approximately 3,000 workers during the construction phase and is projected to create 250 new jobs upon full operation. Indonesia Asri Introduces Jejak Asri as a Collaborative Platform for Young People to Inspire Environmental Action Indonesia Asri Campaign, an environmental education initiative by the Chandra Asri Group, officially launched Jejak Asri, a platform designed to share inspiration and take concrete action for the environment. After successfully engaging more than 3,300 participants through various educational programs, Jejak Asri is being introduced as an inclusive third space for young people to express their ideas and build connections outside of formal settings. Through the Jejak Asri platform, Chandra Asri Group hopes to continue inspiring more people to contribute to real action in realising environmental sustainability. Supporting Import Substitution, Chandra Asri Group Partners with Danantara and INA in the CA-EDC Project Chandra Asri Group, Danantara Indonesia, and the Indonesia Investment Authority (INA) officially signed a Conditional Share Subscription Agreement (CSSA) to support the Chlor Alkali and Ethylene Dichloride (CA-EDC) project, which is part of the National Strategic Projects (PSN). With an investment value of approximately USD 800 million, this project is a strategic step in reducing dependence on imports of caustic soda and ethylene dichloride, which are essential raw materials for various industrial sectors, and supports the downstreaming agenda to drive Indonesia's longterm economic transformation. Indonesia Asri Promotes Responsible Plastic Use and Management Among the Younger Generation The Indonesia Asri campaign, initiated by the Chandra Asri Group, held an educational activity focused on the wise and responsible use of plastic food containers for the younger generation. Delivered through a cupcake decoration workshop as an interactive and creative learning activity, participants were introduced to the characteristics of commonly used plastics such as polypropylene (PP), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE). Through this activity, participants learned about the specific functions of each type of plastic, the importance of recognising food-grade labels, and the principles of proper reuse to support a more sustainable lifestyle. Through Indonesia Asri and its newest program, Jejak Asri, the initiative provides an inclusive and participatory space that encourages environmentally responsible lifestyles through a better understanding of plastic functions and proper waste management. This initiative reflects Chandra Asri Group's commitment to providing practical environmental education for the younger generation and supporting the creation of a greener future. Promoting Circular Economy, IPST ASARI Strengthens Community-Based Waste Management in Cilegon The Integrated Waste Processing Facility (IPST) ASARI in Cilegon City, facilitated by Chandra Asri Group, has increased its plastic waste processing capacity to up to 300 kg per day. This downstream waste management initiative is independently operated by KSM Sehati Maju Bersama to help reduce the burden on TPSA Bagendung, which currently receives around 200 tons of waste every day. Since its launch in 2021, the program has involved more than 9,200 local residents, encouraging the community to see waste, especially plastic, not as a problem, but as a resource with economic value. Until now, IPST ASARI has processed more than 79,700 kg of plastic waste. Around 32,200 kg of this waste has been converted through pyrolysis technology into approximately 26,800 liters of "PLUSRI" oil. Beyond reducing waste, the initiative also creates employment opportunities through the production of "CIRCLO" shredded plastic and the processing of used cooking oil, which supports the needs of local MSMEs in the surrounding area. Through these activities, residents gain additional income opportunities while also developing new local business initiatives. Strengthening National Resilience, Chandra Asri Group Increases B1 and MTBE Plants Production Capacity Chandra Asri Group has increased the production capacity of its Butene-1 (B1) and Methyl Tert-butyl Ether (MTBE) plants by 25% as a strategic step to accelerate import substitution efforts and strengthen the resilience of Indonesia's petrochemical industry. The facility, located within the Group's integrated complex in Cilegon, has been operating optimally after successfully completing a series of technical trials at the end of February 2026. As the sole domestic producer of these two strategic raw materials in Indonesia, this capacity increase emphasises the Group's role in maintaining a reliable supply of raw materials for the domestic energy and manufacturing sectors. Chandra Asri Group Wins Multiple Awards at the FinanceAsia Awards Chandra Asri Group achieved remarkable recognition by winning several prestigious awards at the FinanceAsia Awards in Hong Kong, including Best M&A, Best CFO, and Highly Commended Syndicated Loan Deal . In addition, the Group had previously received the Best Sustainability-Linked Loan award for its USD 1 billion financing facility at the The Asset Triple A Sustainable Finance Awards 2026 . This series of accolades reflects the Group's effective financial strategy and innovation, while also highlighting strong global investor confidence in the Group's disciplined financial management and strategic growth initiatives across Asia. This achievement demonstrates the trust that supports Chandra Asri Group's transformation to build an integrated platform across the energy, chemicals, and infrastructure sectors amid increasingly complex market dynamics. This strategic move also demonstrates the Group's ability to deliver a variety of innovative financial structures capable of addressing industry challenges on an international scale.

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