PT Bank Mandiri (Persero) (BMRI) investor relations material

Executive summary

• Net profit grew 16.6% YoY in 1Q26 to Rp16.21 trillion, with strong operating income and disciplined cost management.

• Digital platforms Livin' and Kopra drove significant fee and transactional growth, supporting both retail and wholesale segments.

• Maintained robust capital and liquidity positions, with CAR at 19.96% and LCR/NSFR well above regulatory minimums.

• Sustainability initiatives advanced, including full allocation of green bond proceeds and improved ESG ratings.

• Total assets stood at Rp2,432.6 trillion as of 31 March 2026, reflecting the deconsolidation of a major sharia subsidiary.

Financial highlights

• Net interest income rose 11.3% YoY; non-interest income up 6.1% YoY, driven by digital and recurring fees.

• Operating income before tax reached Rp19.94 trillion, up from Rp18.18 trillion YoY.

• Cost-to-income ratio improved to 38.2% from 39.0% YoY; cost of credit declined to 0.58% from 0.83%.

• Gross NPL ratio stable at 1.02%; NPL (net) at 0.43%; LaR ratio improved to 6.02% from 7.21% YoY.

• Earnings per share (basic and diluted) were Rp164.99, up from Rp141.40 in Q1 2025.

Outlook and guidance

• FY26 guidance: loan growth 7–9%, NIM 4.5–4.7%, cost of credit 0.6–0.8%.

• Focus on balanced growth between wholesale and retail, aligning with government programs and ecosystem value chain.

• Management expects stable profitability and prudent risk management, with ongoing focus on digital transformation and sustainable finance.

• The group projects continued surplus liquidity for the next 12 months and maintains a strong capital position.