PT Medco Energi Internasional Tbk : Fact Book Q126

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MEDCOENERGI Value. Focus. Growth. Q1 2026 Fact Book Contents Financial Data Q1 2026 Consolidated Financials 4 Consolidated Capex Guidance 5 Operational Data Oil and Gas Production and Lifting 7 Reserves and Resources 8 Asset Portfolio 9 - 10 Simplified Funds Flow Structure 11 - 14 Active Gas Contracts 15 - 17 Debt Info Debt Maturity Profile: Bullet vs Installment Per 31 Mar 2026 19 ESG Sustainability Report 21 Tracking Our Climate Commitments and ESG Performance 22 2 Value. Focus. Growth. Financial Data Balance Sheet (USD mn) Q1 2026 Q4 2025 YoY ∆% Cash and cash equivalents 1 598 633 (5.5) Investments 1,908 1,866 2.2 Fixed Assets 3,544 3,637 (2.5) Total Assets 8,273 8,363 (1.1) Total Liabilities 5,867 6,003 (2.3) - Loans 1,708 1,715 (0.4) - Bonds 1,812 1,932 (6.2) - Other Liabilities 2,346 2,356 (0.4) Equity 2,406 2,360 2.0 Q1 2026 Consolidated Financials Financial Ratios (x) Q1 2026 Q4 2025 YoY ∆% Current Ratio 1.1 1.2 (4.9) Debt to Equity 1.6 1.7 (5.6) EBITDA to Interest 4.5 4.1 9.7 Net Debt to EBITDA 2.1 2.4 (12.2) 4 1 Includes restricted cash Value. Focus. Growth. Consolidated Capex Guidance E&P 1 Capex (USD mn) E&P Capex 2022 2023 2024 2025 Q1 2026 2026 Guidance Actual Facilities Development Drilling Exploration 231 262 365 402 88 415 116 121 168 193 22 106 131 176 166 50 10 10 21 43 16 Power 2 Capex (USD mn) Power Capex 2022 2023 2024 2025 Q1 2026 2026 Guidance Actual Gas IPP Geothermal Solar PV & Other Renewables 33 72 71 35 2 15 29 31 27 23 1 3 40 36 6 1 1 1 8 6 0 1 2024 - 2026 included Oman 60 Capex 5 2 Medco Power Net Working Interest Value. Focus. Growth. Operational Data Production YTD 2026 Oil Gas Total mbopd mmscfd mboepd 2.5 352.8 65.9 2.4 99.3 21.7 9.4 79.7 24.5 1.4 41.6 9.4 0.4 16.1 3.3 0.0 18.5 3.2 2.6 2.9 3.1 0.0 13.8 2.4 0.3 15.2 3.1 0.0 6.7 1.2 0.8 2.3 1.2 0.0 3.7 0.7 19.9 652.6 139.7 12.2 8.6 13.8 6.3 0.0 6.3 0.0 0.0 0.0 18.5 8.7 20.1 Lifting YTD 2026 Oil Gas Total mbopd bbtupd mboepd 2.5 332.8 60.2 2.5 109.4 21.5 9.7 69.5 21.8 1.4 39.5 8.2 0.4 9.9 2.2 0.0 17.4 3.0 2.6 0.0 2.6 0.0 11.8 2.0 0.3 16.1 3.1 0.0 6.8 1.2 0.5 2.0 0.8 0.0 3.5 0.6 20.0 618.7 127.3 12.2 8.1 13.6 6.6 0.0 6.6 0.0 0.0 0.0 18.8 8.1 20.2 Oil and Gas Production and Lifting Asset Working Interest Indonesia Assets Corridor 70.0% Senoro Toili 30.0% Block B Natuna 40.0% South Sumatera Block 65.0% Block A 85.0% Madura 67.5% Rimau 65.0% Lematang 100.0% Bangkanai 70.0% Simenggaris 62.5% Tarakan 100.0% Sampang 45.0% Total International Assets Oman 60 20.0% Bualuang 100.0% Yemen 9 25.0% Total Oman KSF 58.5% Total Production - with Service Contract 8.9 0.0 8.9 8.9 0.0 8.9 38.8 626.8 147.5 38 661 159.8 Total All Production Service Contract 47.3 661.2 168.8 47.7 626.8 156.4 7 Value. Focus. Growth. Reserves and Resources As of 31 Mar 2026: Classification Proved Reserves Oil Gas Total mbbls mmscf mboe Proved & Probable Reserves Oil Gas Total mbbls mmscf mboe Contingent Resources Oil Gas Total mbbls mmscf mboe Domestic 21,489 829,003 170,323 13,021 716,084 148,759 34,510 1,545,087 319,082 West Indonesia East & Central Indonesia Total Domestic International International Asset 44,560 45,848 53,382 44,560 45,848 53,382 79,071 1,590,936 372,464 Total International Grand Total 23,667 761,713 162,821 33,905 6,218 35,102 57,572 767,931 197,922 Domestic Proved Developed Reserves International Proved Developed Reserves Total Proved Developed Reserves 31,581 1,280,929 261,863 20,940 993,694 209,673 52,522 2,274,623 471,537 67,532 59,795 79,038 67,532 59,795 79,038 120,054 2,334,418 550,575 33,224 2,093,995 402,549 17,950 984,035 196,944 51,175 3,078,030 599,493 14,406 3,105,057 554,396 14,406 3,105,057 554,396 65,581 6,183,087 1,153,889 FY 2025 2P Reserves Life Index (RLI) Years 11.4 FY 2025 2P Reserves Replacement Ratio (RRR) 5 - Years Average (%) 206 FY 2025 2P Finding, Development and Acquisition Cost 5 - Years Average (USD/boe) 5.6 8 Value. Focus. Growth. Asset Portfolio - Indonesia Assets Asset Working Interest Expiry Area (Km 2 ) Q1 2026 Production (MBOEPD) Operator Partner Type of Contract Profit Share to Contractor 1 (%) Crude Oil Natural Gas Corridor 70.0% 2043 2,095 65.9 MedcoEnergi Pertamina Hulu Energi Corridor 30% PSC Cost Recovery 22.29 39 Senoro-Toili 30.0% 2047 451 21.7 JOB Pertamina - MedcoEnergi Pertamina 50% Tomori E&P Limited 20% PSC Cost Recovery 35 40 South Natuna Sea Block B 40.0% 2028 11,155 24.5 MedcoEnergi Medco Daya Natuna 35% Prime Natuna Inc. 25% PSC Cost Recovery 15 35 South Sumatra Block 65.0% 2033 3,279 9.4 MedcoEnergi Medco Daya Makmur 35% PSC Cost Recovery 12.5 27.5 Block A, Aceh 85.0% 2031 1,361 3.3 MedcoEnergi Medco Daya Energi Nusantara 15% PSC Cost Recovery 15 40 Madura Offshore - Meliwis 77.5% 2027 849 3.2 MedcoEnergi Petronas 22.5% PSC Cost Recovery 20 35 Madura Offshore - Peluang and Maleo 67.5% MedcoEnergi Petronas 22.5% Petrogas Pantai Madura 10% PSC Cost Recovery 20 35 Rimau 60.0% 2043 1,101 3.1 MedcoEnergi Bahtera Daya Makmur 35% Sumsel Energi Rimau 5% PSC Gross Split 58 - 61 48 Lematang 100.0% 2027 233 2.4 MedcoEnergi - PSC Cost Recovery 15 29.5 Bangkanai 70.0% 2033 1,385 3.1 MedcoEnergi Saka Bangkanai Klemantan 30% PSC Cost Recovery 15 35 Simenggaris 2 62.5% 2028 546 1.2 JOB Pertamina - MedcoEnergi Pertamina Hulu Energi Simenggaris 37.5% PSC Cost Recovery 15 35 Tarakan 100.0% 2042 179 1.2 MedcoEnergi - PSC Gross Split 58 - 63 65 - 67 Sampang 45.0% 2027 534 0.7 MedcoEnergi Singapore Petroleum Sampang 40% Cue Sampang Energy Pty 15% PSC Cost Recovery 20 35 Sakakemang 45.0% 2040 536 - MedcoEnergi PC Sakakemang B.V. (Petronas) 45% MOECO 10% PSC Cost Recovery 25 35 North Sokang 3 100.0% 2040 1,124 - MedcoEnergi - PSC Cost Recovery 35 40 West Bangkanai 3 70.0% 2043 5,463 - MedcoEnergi Saka Energi Bangkanai Barat 30% PSC Cost Recovery 25 35 Beluga 100.0% 2053 8,472 - MedcoEnergi - PSC Cost Recovery 40 45 Amanah 40.0% 2054 1,753 - MedcoEnergi Sele Raya Sejati 30% KUFPEC Indonesia 30% PSC Cost Recovery 40 45 Production Development Exploration 9 1 Effective Prior-Government tax and any potential DMO and any local government taxes. 2 In the process of divestment. Entered into a conditional SPA in Feb 2026. 3 PSC terminated in Nov 2025 and is currently pending government approval. Value. Focus. Growth. Asset Portfolio - International Assets Production Development Exploration 1 Effective Prior-Government tax and any potential DMO and any local government taxes. 10 2 Existing PSC expires 22 Sep 2026. New 20-years PSC signed 31 march 2026, effective 23 Sep 2026 3 R/C ratio: Contractor's Revenue-Over-Cost ratio 4 Mexico Block 10&12 is in relinquishment process, waiting for government approval to close the relinquishment process. Value. Focus. Growth. Simplified Funds Flow Structure Indonesian PSC Cost Recovery Indonesian PSC Gross Split Gross Revenue FTP Cost Recovery Profit Split DMO & reimbursement Taxable Income Income Tax Government Contractor Share Share Gross Revenue Government Contractor Split Split DMO & reimbursement Costs Taxable Income Income Tax Government Contractor Share Share 11 Value. Focus. Growth. Simplified Funds Flow Structure Indonesian PSC Cost Recovery 1 Indonesian PSC Gross Split $0 $83 Contractor Split 6 DMO & reimbursement 4 Costs 50% 3 Taxable Income Income Tax 5 Contractor Share $50 $33 = 83 - 50 -$12 FTP 20% Cost Recovery 50% 3 $13 $11 Income Tax 5 DMO & reimbursement 4 Profit Split 30% Gross Revenue Government Share Government Split 17% 83% $17 $12 = 33 * 37.6% $12 Gross Revenue $9 $11 = $20 * 56% 2 $17 $0 $50 $11 = 28 * 37.6% $28 = 11 + 17 Taxable Income -$11 Government Share Contractor Share $33 $67 = 11 +50+ 17 - 11 $29 $71 = 83 - 12 1 Typical Indonesia PSC Cost Recovery with 65:35 gas split in favor of Government 4 DMO obligation remains exist at 25% Contractor entitlement, but current practice in new PSC, Government reimburse at 100% market price 12 2 56% is Before Tax Gas Split for Contractor = 35% / (1-37.6%) 5 37.6% effective tax rate consist of 22% Corporate Income Tax and 20% Dividend Tax Value. Focus. Growth. 3 Assume total cost (capex + opex) = 50% of gross revenue 6 83% split consists of 49% Base Split for Gas; 34% Variable Split for Medium Reserve, Onshore and Mature Infrastructure; with 0% Progressive Split Simplified Funds Flow Structure Thailand Concession Oman EPSA Simplified Cost Recovery Gross Revenue Cost Recovery Government Share Contractor Share Special Remuneratory Benefit Tax Government Share Royalty Contractor Share Gross Revenue Profit Split 13 Value. Focus. Growth. Simplified Funds Flow Structure Varies with R/C Ratio Royalty Unused Cost Oil/ Gas Profit Oil/Gas Export Duty Oil Supplementary Payment Research Cess Payment Income Tax Government Share Contractor Share Gross Revenue Varies with R/C Ratio Cost Oil/Gas Malaysian PSC 14 Value. Focus. Growth. Active Gas Contracts (1) No. Asset Customer Agreement Date Commitments Expiry Date Total Contract Quantity (TCQ) Daily Contract Quantity (DCQ) 1 South Natuna Sea Block B SembGas Singapore 1999-Jan-15 2,888 TBTU DMR: 185.5 BBTUD (Block B: 90 BBTUD) 2028-Jul-15 2 South Natuna Sea Block B SembGas Singapore 2023-Jun-05 105 TBTU 40 - 80 BBTUD 2028-Oct-15 3 South Natuna Sea Block B PT PGN Tbk. 2025-May-21 5,780 TBTU 27 BBTUD 2026-Jun-30 4 Lematang PT Meppo-Gen 2018-Nov-13 12,805 BBTU 10.8 - 11.6 BBTUD 2027-Dec-31 5 South Sumatera Block PT Meppo-Gen 2018-Nov-13 27,330 BBTU 9.7 - 14.2 BBTUD 2027-Dec-31 6 Lematang & South Sumatra Block PT Pupuk Sriwidjaja 2023-Sep-20 41,829 BBTU 5 - 17.63 BBTUD 2033-Nov-27 7 Lematang & South Sumatra Block PT PLN (Persero) 2017-Sep-19 70,260 BBTU 20 BBTUD 2027-Jan-31 8 South Sumatra Block PT Mitra Energi Buana 2006-Jul-24 26,172 BBTU 4 BBTUD 2027-Dec-31 9 South Sumatra Block Medco E&P Rimau 2016-Jan-18 9,015 BBTU 2 BBTUD 2027-Dec-31 10 South Sumatra Block Perusda Mura Energi 2009-Aug-04 6,039 BBTU 1.35 BBTUD 2027-Dec-31 11 South Sumatra Block PT PGN (Jargas Palembang) 2022-Mar-15 1,932 MMSCF 0.40 MMSCFD 2033-Nov-27 12 South Sumatra Block PT PGN (Jargas MUBA) 2018-May-04 871 BBTU 0.25 BBTUD 2027-Jul-20 13 South Sumatra Block PT Pertamina (Jargas Muara Enim) 2019-Nov-15 855.25 MMSCF 0.25 MMSCFD 2027-Jul-20 14 South Sumatra Block PT Pupuk Sriwidjaja 2021-Dec-01 45,225 BBTU 5 - 15 BBTUD 2033-Nov-27 15 South Sumatra Block PT PGN Tbk. 2025-Feb-06 9,686 BBTU 9 BBTUD 2027-Dec-31 16 Simenggaris PT Kayan LNG Nusantara 2020-May-20 47 TBTU 22 BBTUD 2028-Feb-23 15 Indexed Price GSA Value. Focus. Growth. Active Gas Contracts (2) No. Asset Customer Agreement Date Commitments Expiry Date Total Contract Quantity (TCQ) Daily Contract Quantity (DCQ) 17 Tarakan PT PLN Energi Primer Indonesia 2022-Nov-25 2,990 BBTU 2.0 - 3.0 BBTUD 2030-Dec-31 18 Tarakan PT PGN Tbk. 2024-Jun-21 982.2 MMSCF 0.3 MMSCFD 2030-Dec-31 19 Senoro-Toili DS-LNG 2009-Jan-22 1,307,508 BBTU 277.5 BBTUD 2027-Dec-03 20 Senoro-Toili PT Panca Amara Utama 2014-Mar-13 275,750 BBTU 69 BBTUD 2027-Dec-03 21 Senoro-Toili PT PGN Tbk. 2023-Sep-22 645 BBTU 0.22 BBTUD 2027-Dec-03 22 Senoro-Toili PT PLN (Persero) 2018-Feb-06 15.63 TBTU 5 BBTUD 2027-Dec-03 23 Block A, Aceh PT Pertagas Niaga 2015-Jan-27 198 TBTU 54 BBTUD 2031-Aug-31 24 Bangkanai PT PLN (Persero) 2019-Dec-20 130,000 TBTU 20 BBTUD 2033-Dec-29 25 Sampang PT PLN Indonesia Power 2003-Jul-19 30.6 TBTU 17-13 BBTUD 2027-Dec-03 26 Madura Offshore - Peluang PT Sarana Cepu Energi 2024-Jan-01 620 TBTU 0.9 - 1.1 BBTUD 2025-Dec-31 27 Madura Offshore - Meliwis PT PGN Tbk. 2019-Feb-19 28.3 TBTU 13.7 - 22.2 BBTUD 2027-Dec-03 28 Madura Offshore - Maleo & Peluang PT PGN Tbk. 2005-May-31 8.0 TBTU 8.5 BBTUD 2027-Dec-03 29 Oman 60 Government of Oman 2011-Oct-11 N/A Max 90 MMSCFD 2041-Oct-11 16 Indexed Price GSA Value. Focus. Growth. Active Gas Contracts (Corridor) No. Asset Customer Agreement Date Commitments Expiry Date Total Contract Quantity (TCQ) Daily Contract Quantity (DCQ) 1 Corridor Gas Supply Pte Ltd 2022-Nov-21 241 TBTU 118 - 136 BBTUD 2028-Dec-31 2 Corridor PT PGN Tbk. 2023-Dec-19 482.3 TBTU 129 - 271 BBTUD 2028-Dec-31 3 Corridor PGN Jargas & BBG 2021-Oct-14 Up to 14 TBTU 11 BBTUD 2028-Dec-31 4 Corridor PT PUSRI 2016-May-25 251.4 TBTU 52 - 78 BBTUD 2028-Dec-31 5 Corridor Energasindo Heksa Karya 2007-Oct-30 Up to 215.5 TBTU 25 - 30 BBTUD 2033-Dec-31 6 Corridor PT PLN (Persero) 2015-May-04 Up to 79 TBTU 20 BBTUD 2028-Dec-19 7 Corridor PT Pertamina Hulu Rokan 2021-Aug-06 203,8 TBTU 50 - 65 BBTUD 2026-Dec-31 17 Indexed Price GSA Value. Focus. Growth. Debt Info Debt Maturity Profile 1,2 : Bullet vs Installment Per 31 Mar 2026 Restricted Group Debt (USD mn) Unrestricted Group Debt (USD mn) 377 283 178 148 129 69 148 48 168 536 277 549 Bullet Installment 655 697 605 IDR Bonds MPI Installment MPI Installment MEP Installment SRB 388 277 331 345 31 52 69 57 1 45 31 42 134 25 8 66 74 250 29 88 51 1 7 29 35 36 1 6 1 6 1 6 2026 2027 2028 2029 2030 2031 onwards 2026 2027 2028 2029 2030 2031 onwards 19 1 Debt numbers include derivatives and exclude unamortized cost 2 Consolidated average loan life 4.7 years Value. Focus. Growth. ESG

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