PT Buma Internasional Grup (DOID) investor relations material

Executive summary

• Achieved EBITDA growth in 1H26 driven by operational excellence and structural cost management, despite lower revenue year-over-year.

• Net revenues for the six months ended June 30, 2026, were USD 692.8 million, down from USD 730.2 million year-over-year.

• Net loss narrowed to US$(49.8)M, a 37% improvement YoY.

• Gross profit improved to USD 12.2 million from a gross loss of USD 13.7 million year-over-year.

• Leadership transformation and workforce optimization contributed to cost reductions and operational reliability.

Financial highlights

• Revenue for 1H26 was US$693M, down 5% YoY; EBITDA rose 8% YoY to US$69M (adjusted EBITDA US$78M excluding fuel price impact).

• Free cash flow surged to US$39M, up 657% YoY; capital expenditure reduced by 67% YoY to US$37M.

• Operating cash flow was US$91M, down 21% YoY.

• Cash and cash equivalents at June 30, 2026, were USD 158.5 million, down from USD 210.3 million at year-end 2025.

• Total assets stood at USD 1.41 billion, with total liabilities at USD 1.41 billion, and total equity at USD 2.5 million.

Outlook and guidance

• FY26 guidance: overburden 350–400MBCM, coal 60–70MT, revenue US$1.2–1.3B, EBITDA US$220–270M, capex US$110–125M.

• Management plans to enhance productivity, implement operational cost efficiency, and reduce non-essential overhead.

• The Group is focused on maintaining healthy capital ratios and securing access to financing at reasonable costs.

• Thermal coal prices expected to remain supported by Indonesian policy uncertainty and tight global gas markets.

• Metallurgical coal demand to be driven by India and Southeast Asia, with Australian supply recovering.