PT Petrindo Jaya Kreasi (CUAN) Q4 2025 earnings summary

Executive summary

• The consolidated financial statements for the year ended 31 December 2025 received an unqualified (clean) audit opinion, confirming fair presentation in accordance with Indonesian Financial Accounting Standards.

• The audit identified the provision for mine reclamation and closure as a key audit matter due to significant management judgment and estimation uncertainty.

Risk factors and uncertainties

• The main audit risk relates to the estimation of the provision for mine reclamation and closure, which involves significant management judgment regarding the scope, timing, and amount of future obligations.

• The risk of inaccurate estimates is heightened by uncertainties in the regulatory, political, and environmental landscape affecting mining operations.

Significant events and developments

• The audit procedures included retrospective reviews of management's estimates, comparison with market data, assessment of accounting treatment, and evaluation of disclosure adequacy.

• As of 31 December 2025, the Group recognized a provision for mine reclamation and closure of US$28,146 thousand.