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Page 1
CORPORATE PRESENTATION
        4Q 2025 PERFORMANCE

     PT RMK ENERGY TBK [RMKE]
       Integrated Logistics and Commodity Company




                                                    1
Page 2
OUR AGENDA


      COMPANY                       OPERATIONAL
 01   OVERVIEW
                               04   PERFORMANCE



      BUSINESS & OPERATIONAL        FINANCIAL
 02   HIGHLIGHT
                               05   PERFORMANCE



                                    APPENDIX
 03   CORPORATE STRATEGY       06



                                                  2
Page 3
Commissioner

BOARD OF DIRECTOR AND BOARD OF COMMISSIONER
 Board of Commissioner                                Board of Director



                             1.   Tony Saputra                                        1.   Vincent Saputra
                                  President                                                President Director
                                  Commissioner
                                                                                      2.   William Saputra
                             2.   Rokhmad Sunanto                                          Director
                                  Independent
                                  Commissioner                                        3.   Indra Mulia Aliwarga
                                                                                           Director
                             3.   F. Saud Tamba Tua
                                  Independent                                         4.   Edwin Tedjasukmana
                                  Commissioners                                            Director

                                                                                      5.   Sugiyanto
                                                                                           Director



     2      1            3                              3        2        1   4   5




                                                                                                                3
Page 4
CHAPTER 1
COMPANY OVERVIEW




                   4
Page 5
COMPANY OVERVIEW

                                           PT RMK Energy Tbk (RMKE or the Company) was established in June 2009. Leveraging
                                           over 15 years of experience, the Company’s management has built a strong reputation as
                                           a reliable coal logistics service provider. To date, the Company is the largest private coal
                                           logistics provider in South Sumatra. By utilizing existing infrastructure, the Company
                                           also engages in coal trading to further enhance its revenue and profit.

                                                         The Company operates in the field of coal logistics services and coal
                                                         trading, which include rail station loading and unloading, transportation to
                                                         ports, loading onto barges, and coal trading activities.




Product & Services                                        Product & Services

 Port Services                                           The Company runs the coal trading business segment, with the following
                                                         operational flow, the Company purchases coal at the mine stockpile and
 Coal loading/loading services onto barges
                                                         transports the coal using a fleet of trucks that have become the company's
 Coal container transportation services                  partners to the train loading station. After arriving at the Company's train
 Coal container unloading services                       unloading station with the Company's unloading facilities and trucks, the coal is
                                                         transported to the port and sold to buyers on barges, heading to the users. Apart
 Coal loading services at Gunung Megang station
                                                         from that, the Company also trades coal from Jambi and other South Sumatra
 Other services and heavy equipment rental               sources.



                                                                                                                                             5
Page 6
MILESTONE                                                                                                    TBBE coal mine
                                                                                                             began operating
                                                                                                             and trading
                                                                                                                                      Technology
                                                                                                             Commenced                upgrade in
                                                        The Railway
                                                                                                             Operation of             controlling coal
                                                        Unloading
                                                                                                             Gunung Megang            dust.
                                                        Station CY II
                                                        began                                                Loading Facility
                                                                                                                                      Telescopic chute        Integrating
          The Company’s                                 operations.                                          with TLS
          port in                 The Railway
                                                                                                                                      with fogging            RMKE new
          Kramasan,               Unloading             The annual                   The annual              Commenced                system                  dedicated coal
          Palembang               Station and           loading volume               loading volume          operations of 4th                                hauling road to
          began operations        Container Yard        at the port                  at the port             unloading                Big gun sprinklers      new customers
          with 2 lines            (CY) I began          reaches 4 million            reaches 5 million       facility (CY3B) at       and water               DBU, WSL, &
                                  operations            tons                         tons                    Simpang station          sprayers                MME
              March 2014            March 2014           December 2018               December 2020                 2022               July 2024                2025



  June 2009           November 2014           December 2017              October 2019           November 2021             December 2023             December 2024
The Company          The annual              The annual                 The third port          Effective of the          Port Annual               Port Annual
Established          loading volume          loading volume             line began              Initial Public            loading volume            loading volume
                     at the port             at the port                operations              Offering (IPO)            reach 7,5 millions        reach 9 millions
                     reaches 1 million       reaches 3 million                                                            tons                      tons
                     tons                    tons
                                                                                                                          Simpang Train
                                                                                                                          Unloading
                                                                                                                          Station volume
                                                                                                                          reach 11,1
                                                                                                                          millions tons




                                                                                                                                                                                6
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COAL LOGISTICS BUSINESS PROCESS




 Carrying coal       Gunung Megang      Coal logistic by   Simpang             Kramasan Port
 from in-house       Loading Station    train              Unloading Station   with 3 lines barge
 and third parties   with Train                            with 5 Tracks       loading
 mining              Loading System                        Container Yard      conveyors
                     (TLS) and Others                      and Gantry Crane
                     Loading Station
                     in Lahat




                                                                                                    7
Page 8
WHY INVEST in RMKE

          STRATEGIC ASSETS LOCATION
  01      Located in a strategic area and the pioneer in South
                                                                      06   SUSTAINABLE PROFITABILITY
                                                                           Net profit CAGR 22.0%*
          Sumatera


          INTEGRATED COAL LOGISTICS SERVICE
  02      The only private coal logistics providers integrated with
                                                                      07   SOLID BALANCE SHEET
                                                                           DER 0.23 time**
          train in South Sumatra

          EFFICIENT & EFFECTIVE COAL SERVICE SOLUTIONS                     HIGH SAFETY STANDARD
  03      Competitive tariff and bigger volume; unloading time 3      08   ●   Railway is the safest mode of land transportation
          hours with volume 2,800 mt/train
                                                                           ●   Dedicated coal hauling road


          STRONG OPERATIONS
  04      ●    Coal sales volume CAGR 62.39%*
                                                                      09   LONG TRACK RECORD
                                                                           Professional and experienced management team
          ●    Coal service volume CAGR 17.21%*



  05      STRONG REVENUE GROWTH                                       10   GOOD CORPORATE GOVERNANCE
          Operating revenues CAGR 21.5%*                                   The implementation of GCG in all business lines


* CAGR 2018-2025
** Based on 4Q 2025 performance
                                                                                                                                   8
Page 9
CHAPTER 2
BUSINESS & OPERATIONAL
HIGHLIGHTS




                         9
Page 10
SOUTH SUMATRA HAS ABUNDANT COAL RESERVES
   South Sumatra, Indonesia’s second-largest coal reserve
   ~8.9 billion tons or 27.96% of national reserves

   Strategic location that integrated with logistics railways

   Low stripping ratio and low production volume
   Contributes only ~12.09% of the country’s coal production




 Source: ESDM Data

                                                                10
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CHALLENGES IN SUMATRA

 Costly long-haul transportation with expensive tariff
 Loading and unloading capacity constraints

 Social friction due to hauling public congestion, traffic accidents, and damaged roads

Integrated logistics solutions are critically needed.



                  Railway




                  Dedicated coal hauling road




                                                                                         11
Page 12
PUBLIC ROAD COAL HAULING BAN

                                                  New Regulation:
                                                  South Sumatra Governor's Instruction
                                                  No.
                                                  500.11/004/INSTRUKSI/DISHUB/2025
                                                  (effective Jan 1, 2026) bans coal hauling
                                                  on public roads

                                                  Alternative:
                                                  Dedicated coal hauling road becomes
                                                  the sole viable transportation route for
                                                  these affected mines.

                                                  Timeline:
                                                  RMKE aims to complete its private
                                                  hauling road by the end of 2025.

Source: Data Pemerintah Daerah Sumatera Selatan, 2025

                                                                                              12
Page 13
RAILWAY CAPACITY OUTLOOK

 PT Kereta Api Indonesia (KAI) is expanding South Sumatra’s coal rail network
 and fleet capacity.
   ●   KAI plans to develop triple track lines across the corridor.
   ●   KAI is investing in 54 new locomotives, 1,125 flat wagons, and 966
       bottom-dump wagons. The first 12 locomotives arrived in July 2025 and
       expected to add ~ 28 Mtpa of coal-transport capacity.
   ●   KAI targets 165 Mtpa loading terminal capacity by 2029 excluding
       Gunung Megang Station, supporting PTBA and other regional mines.




Source: PT KAI Company Data
                                                                                13
Page 14
THE CORE OF SOUTH SUMATRA’S COAL INDUSTRY

Lahat to Muara Enim region is the heart of South Sumatra’s coal basin, with about
60% of reserves controlled by PT Bukit Asam (PTBA), Indonesia’s largest state-owned coal producer.

In 2024, PTBA produced around 42 Mtpa. PTBA targets 100 Mtpa by 2030, supported by rail & terminal
capacity expansions and cooperation with third party ports.

Other major producers in the area include Pendopo Energi Batubara (BUMI Group), Mustika Indah Permai
(Adaro Andalan Indonesia - AADI group), Bumi Sekundang Enim Energi (Baramulti Group), Dizamatra
Powerindo, and Manambang Muara Enim (MME).




Source: PTBA Company Data
                                                                                                       14
Page 15
THE COMPETITIVENESS OF RMKE’S LOGISTICS SERVICES

    Mode of              Tariff           Volume/            Strategic       Socio-economic
 transportation                          frequency           location            context




     Railway          Rp806-922/          ̴2,800 ton/            ̴69         The integration of
                        ton/km                train         Nautical Mile    hauling road and
                                                                                  railway


 Competitiveness:   Competitiveness:   Competitiveness:   Competitiveness:   Competitiveness:
      Safest           Low tariff       Bigger volume      The nearest to      More reliable
  transportation                                             anchorage
      mode

                                                                                                  15
Page 16
THE MOST STRATEGIC PORT IN SOUTH SUMATRA




                                                                                   RMKE Musi 2
                                                                Description                             Kertapati Port          Tarahan Port        Private Road
                                                                                  Keramasan Port
                                        Kertajati Port and
                                           New Future        Distance from      147km              160km                      420km             140km
                                         Keramasan Port      Tanjung Enim

                                                             Current Capacity   20 Mtpa            7 Mtpa                     27 Mtpa           21 Mtpa
                    RMKE Musi 2
                   Keramasan Port                            Tariff             Rp 806-922/t/km    Rp 806-922/t/km            Rp 806-922/t/km   ~Rp 1,200/t/km (excl.
    Private Port                                                                                                                                Toll Fee)

                                                             Status and       upgrading to 24 Mtpa A future port,             Running at full   Port in Muara
                                                             Development Plan                      Keramasan Port             Capacity          Lematang, longer
                         Tarahan Port
                                                                                                   st                                           distance for
                           Lampung                                                                 1    phase 20 Mtpa                           transshipment
                                                                                                       nd                                       (110nm vs 70nm)
                                                                                                   2        phase + 20 Mtpa




                                                                                                                                                                   16
Page 17
OVERVIEW OF MINE-TO-PORT LOGISTICS IN SOUTH SUMATRA
RMKE Provides an Integrated Coal Logistic Solutions In South Sumatra
Page 18
IN-HOUSE MINING IN SOUTH SUMATRA




                                South Sumatra
            South Sumatra        ●   Resources 148.3 mn mt
            PT Truba Bara        ●   Proven reserves 75 mn mt
                                 ●   GAR: 3,000 - 4,200
            Banyu Enim (TBBE)    ●   Stripping ratio: 4.0


                                                                18
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COAL HAULING ROAD




             38 km*                     40 km*         RMK Energy is building a dedicated
             Completed and in           (future        coal hauling road to open access for
             operation since 1Q 2025    development)   coal miners in Lahat and Muara
                                                       Enim.
            *Integrated with Gunung Megang Station

                                                                                        19
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GUNUNG MEGANG LOADING STATION




              Loading station      The first private     Daily capacity
              with Train Loading   loading station in   5 train set or
              System (TLS)         Muara Enim           14,000 ton


                                                                         20
Page 21
UNLOADING STATION IN SIMPANG




             5 container   Capacity       Shifting technology to bottom
             yards         18             dump / side dump unloading
                           trainset/day   process


                                                                          21
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MUSI 2 KERAMASAN PORT




             Integrated with   3-line barge loading conveyor,     50 ha stockpile
                               The capacity are 8 barges/day      with capacity
             8 km hauling
                               equivalent 60K ton/day. Upgrade
             road                                                 600K ton
                               capacity from 20 Mtpa to 28 Mtpa


                                                                                    22
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CHAPTER 3
CORPORATE STRATEGY




                     23
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CORPORATE STRATEGY

01   Integrating business groups in the energy sector


02   Establishing a sustainable long-term production profile for the company


03   Developing Integrated AI technology into business operations


04   Maintaining and enhancing quality, corporate governance, occupational health
     and safety, environmental stewardship, and social responsibility

05   Enhancing operational efficiency




                                                                                    24
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BOND STRUCTURE 2025

Issuer                PT RMK Energy Tbk

Offering Type (PUB)   Penawaran Umum Berkelanjutan

Instrument Name       Obligasi Berkelanjutan I RMK Energy Tahap I Tahun 2025

Target PUB Issuance   IDR1.5 tn (one trillion and five hundred billion Rupiah)

Phase I               IDR400 bn (four hundred billion Rupiah)

Tenor                 Series A: IDR116 bn, coupon 7.25% p.a. 367 Calendar days
                      Series B: IDR284 bn, coupon 8.75% p.a. 3 Years

Bond Rating           idA (Single A) from Pefindo


Use of Proceed         ●    Loan to Subsidiary for Working Capital
                       ●    Working Capital

Collateral            Clean Basis

Listing Venue         PT Bursa Efek Indonesia



                                                                                 25
Page 26
PROGRESS TLS 2: CLEARING, CUT AND FILL




                                         26
Page 27
PROGRESS TLS 2: CLEARING, CUT AND FILL




                                         27
Page 28
CHAPTER 4
OPERATIONAL PERFORMANCE




                          28
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1.5 MILLION TON IN NEW SERVICE VOLUME DELIVERED
Downstream-Hauling Services
Quarterly Performance (million ton)


                                                                Additional downstream hauling volume from new
                                                         1.5    clients:

                                                                 ●    PT Wiraduta Sejahtera Langgeng (WSL)
                                                                 ●    PT Duta Bara Utama (DBU)
                                           0.8                   ●    PT Manambang Muara Enim (MME)

                                   0.5
                        0.2
   0.0       0.1                                  0.0

    4Q       1Q         2Q         3Q       4Q    12M    12M
   2024     2025       2025       2025     2025   2024   2025

     Barge loading volume in million ton




                                     29                                               29                        29
Page 30
SECURING 8 MILLION TONS SERVICE VOLUME FOR FY2025

Service Segment Indicator: Barge Loading Volume
Quarterly Performance (million ton)
    12M 2025 -12.1% YoY to 7.9 mn ton
                                                          9.0
                                                                 7.9




   2.6       2.0                    2.1        2.1
                        1.6
                                                          9.0

    4Q       1Q         2Q         3Q          4Q         12M    12M
   2024     2025       2025       2025        2025        2024   2025




     Barge loading volume in million metric ton (mn mt)



                                     30                                 30
Page 31
RMKE ACHIEVES TRAIN UNLOADING IN 03:12 HOURS

             Ensuring the train unloading time is completed faster than PT KAI’s
             specified time limit (max 6 hours) to avoid late fines.
             Unloading train hour 12M 2024
             03:34 hours
             Unloading train hour 12M 2025
             03:12 hours




               31                                                                  31
Page 32
RECORDED A SIGNIFICANT 34.5% YOY INCREASE
Coal sales volume
   4Q 2025 +34.5% YoY to 1.3mn ton
   12M 2025 -16.3% YoY to 2.3 mn ton
                                                                   Accelerating Growth in Q4
  602.8                   603.0            605.5   603.7           RMKE successfully reversed trends with a strong finish to the year,
                                                                   recording a 34.5% increase in 4Q 2024 sales volume compared
             579.2                                                 to the previous year.
                                                           577.1
                                                    2.8
                                   520.6                    2.3


                                            1.3
   0.8
                                    0.6
               0.3           0.2

    4Q         1Q           2Q      3Q      4Q      12M    12M
   2024       2025         2025    2025    2025     2024   2025
     Coal sales (thousand ton)




                                     32                                                                                          32
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CHAPTER 5
FINANCIAL PERFORMANCE




                        33
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IMPROVING REVENUE TREND IN 4Q 2025
Operating Revenue                                 Coal Sales Segment                                 Coal Services Segment
    4Q 2025 +55.1% YoY to IDR1.1tn                        4Q 2025 +58.4% YoY to IDR778.6bn               4Q 2025 +47.5% YoY to IDR315.8bn
    12M 2025 -9.9% YoY to IDR2.2tn                        12M 2025 -19.4% YoY to IDR1.4tn                12M 2025 +11.7% YoY to IDR837.8bn

                                    2.5
                                           2.2
                                                                                       1.7
                                                                                              1.4
                             1.1
  0.7                                                                           0.8                                                        0.8    0.8
                      0.5                          0.5
        0.3                                                 0.2          0.3                           0.2   0.2           0.2    0.3
               0.2                                                0.1                                               0.1
  4Q     1Q     2Q     3Q     4Q    12M    12M      4Q      1Q     2Q     3Q     4Q    12M    12M      4Q     1Q     2Q     3Q     4Q      12M    12M
 2024   2025   2025   2025   2025   2024   2025    2024    2025   2025   2025   2025   2024   2025    2024   2025   2025   2025   2025     2024   2025
                                                                                                                                        in billion IDR
        Operating revenue

Operating revenues contribution:
Coal sales segment 62.2%
Coal services segment 37.8%




                                                                                                                                                         34
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COAL SERVICE SEGMENT DRIVES GROSS PROFIT GROWTH
Gross Profit                                                Coal Sales Segment                                   Coal Services Segment
        4Q 2025 +11.6% YoY to IDR167.7bn                      4Q 2025 -96.4% YoY to IDR3.0bn                            4Q 2025 +143.5% YoY to IDR164.8bn
        12M 2025 -12.0% YoY to IDR405.4bn                     12M 2025 -78.9% YoY to IDR47.6bn                          12M 2025 +52.2% YoY to IDR357.7bn


         25.1% 25.9%                                                                                                                             52.2%
 21.3%                                                                     22.7%
                        16.7% 15.3% 18.7% 18.3%             16.8%                                                        41.1%                                   42.7%
                                                                                                 13.2%                                   39.7%
                                        460.5                       8.7%                                         31.6%                                   31.3%
                                                405.4                              2.5% 0.4%             3.5%                    28.1%
                                                                                                                                                                 357.7

                                                                                                 225.4                                                   235.0
 150.4                          167.7                                                                                                            164.8
         84.6            91.1                                82.7                                                67.7    70.2            82.8
                 61.8                                               14.4   21.9                          47.6                    39.9
                                                                                   8.3    3.0
  4Q       1Q     2Q      3Q     4Q     12M     12M           4Q     1Q      2Q     3Q     4Q     12M    12M      4Q      1Q      2Q       3Q      4Q     12M     12M
 2024     2025   2025    2025   2025    2024    2025         2024   2025    2025   2025   2025    2024   2025    2024    2025    2025     2025    2025    2024    2025

                                                                                                                                                    in billion IDR
         Gross profit              Gross profit margin (%)

Gross profit contribution:
Coal sales segment 11.8%
Coal services segment 88.2%




                                                                                                                                                                         35
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STABLE PROFIT MARGINS AMIDST DECLINING COAL PRICES

EBITDA                                                   EBIT                                                     Net Profit
       4Q 2025 +9.3% YoY to IDR164.0bn                       4Q 2025 +9.1% YoY to IDR141.9bn                              4Q 2025 +12.5% YoY to IDR107.2bn
       12M 2025 -13.2% YoY to IDR398.0bn                     12M 2025 -15.3% YoY to IDR322.3bn                            12M 2025 -9.9% YoY to IDR245.4bn



        25.5%
21.3%           23.3%
                         17.0%           18.6% 18.0%      18.4% 19.6% 16.4%
                                 15.0%                                             13.8% 13%
                                                                                                  15.5% 14.5%     13.5% 15.3% 15.1%                         11.1% 9.9%
                                         458.7                                                                                               9.3% 12.5%
                                                 398.0                                            380.3
                                                                                                          322.3
                                                                                                                                                            272.5 245.4
150.0                            164.0
                         92.7                             130.0                           141.9                                                     107.2
         85.8     55.6                                            66.0             75.2                            95.3                      50.6
                                                                            39.1                                            51.5      36.1

 4Q      1Q        2Q     3Q      4Q     12M     12M       4Q      1Q     2Q        3Q     4Q     12M     12M       4Q       1Q       2Q      3Q     4Q     12M     12M
2024    2025      2025   2025    2025    2024    2025     2024    2025   2025      2025   2025    2024    2025     2024     2025     2025    2025   2025    2024    2025



         EBITDA                                                      EBIT                                                          Net income                      in billion IDR
         EBITDA margin (%)                                           EBIT margin (%)                                               Net margin (%)




                                                                                                                                                                                    36
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  LEVERAGING DEBT RESPONSIBLY
  WHILE MAINTAINING FINANCIAL STABILITY
  Asset                                       Liability                                Equity
         +19.9% to IDR2.8tn                          +37.4% to IDR882.4bn                  +13.4% to IDR2.0tn

                                                                                                                      0.30
                                                                                        0.26
                                                                                                                              0.23
                           2.7    2.8                                                               0.17       0.16
   2.4       2.3    2.3
                                                                                                     1.8       1.8    1.9      2.0
                                                                                         1.7


                                                                         0.8    0.9
                                              0.6       0.5       0.5


   4Q         1Q     2Q     3Q     4Q          4Q        1Q        2Q     3Q     4Q       4Q          1Q        2Q     3Q       4Q
  2024       2025   2025   2025   2025        2024      2025      2025   2025   2025     2024        2025      2025   2025     2025


           Asset                                      Liability                                 Equity                       in trillion IDR
                                                                                                DER (max 1.0 time)

Rp310.4bn Increase in third parties account   Strategic Bond Issuance: Rp400 bn        Strategically managed its debt levels,
receivable for anticipated winter demand      Raised in July 2025                      maintaining a healthy financial position
                                                                                       despite increased liabilities with DER
                                                                                       0.23 time


                                                                                                                                           37
Page 38
SOLID FINANCIAL RATIO DER 0.23X AND DECLINING FINANCIAL DEBT*

                                              (currency in billion IDR, unless stated otherwise)

          INDICATOR            4Q 2024   1Q 2025    2Q 2025       3Q 2025        4Q 2025      Chg (%)
                                                                                                        Short Term Debt
FINANCIAL DEBT SEGMENT
                                                                                                        30.9%
Short Term Debt                 396.7     245.0      250.2          227.7         141.1        (64.4)
Long Term Debt                  50.9       52.8       44.1          318.4         312.6         513.7
Total Financial Debt            447.6     297.8      294.3          546.1         453.7          1.4    Long Term Debt

COVENANT                       4Q 2024   1Q 2025    2Q 2025       3Q 2025        4Q 2025
                                                                                                        69.1%
DER (max 1 time)                0.26       0.17       0.16         0.30            0.23

*in-house financial statement




                                                                                                                          38
Page 39
CHAPTER 6
APPENDIX




            39
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CONSOLIDATED OPERATIONAL PERFORMANCE
                                                                                                        (in metric ton, unless stated otherwise)

           INDICATOR              4Q 2024     1Q 2025     2Q 2025     3Q 2025     4Q 2025     YoY (%)    12M 2024      12M 2025      YoY (%)

                                     a           b           c           d           e         e/a           f             g            g/f

COAL SERVICES
Downstream Hauling (ton)           12,277      86,411     181,660     456,332      817,692    6,560.4      12,277      1,542,096     12,460.9
Barge loading (ton)               2,626,773   2,027,294   1,631,183   2,148,759   2,129,114    (18.9)    9,025,620     7,936,350       (12.1)
COAL SALES
Coal sales (ton)                  837,837     270,383     158,220     640,969     1,280,049    52.8      2,806,226     2,349,621       (16.3)
Average selling price (IDR/ton)   602,635     579,223     602,986     520,635     605,489       0.5       603,726       577,083        (4.4)




                                                                                                                                           40
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CONSOLIDATED STATEMENTS OF PROFIT (LOSS)
                                                                                                   (currency in billion IDR, unless stated otherwise)

         INDICATOR          4Q 2024       1Q 2025       2Q 2025      3Q 2025       4Q 2025       Chg (%)      12M 2024        12M 2025       Chg (%)
REVENUES
Coal Sales                      491.5         165.8           96.7       337.8         778.6          58.4        1,710.8        1,379.0            (19.4)
Services                         214.1         171.0         142.1       208.9         315.8          47.5          750.2          837.8              11.7
Total Operating Revenues        705.5         336.8         238.9        546.7       1,094.3          55.1        2,461.0        2,216.8             (9.9)
EXPENSES
COGS Coal Sales                (408.7)        (151.4)       (74.8)      (329.5)       (775.6)         89.7       (1,485.4)      (1,331.3)        (10.4)
COGS Services                  (146.4)       (100.8)       (102.2)       (126.1)       (151.0)          3.1        (515.2)        (480.1)         (6.8)
Total COGS                     (555.2)       (252.2)       (177.0)      (455.6)       (926.6)         66.9      (2,000.6)       (1,811.4)         (9.5)
G&A                             (20.0)         (18.6)       (22.7)        (15.9)        (25.2)        25.9          (79.8)          (83.1)          4.1
Finance cost                      (7.6)         (6.5)        (6.9)        (11.0)        (12.3)         61.7         (33.9)         (36.7)           8.1
Income Tax Expenses              (27.4)        (14.0)       (16.3)        (17.0)        (25.3)        (7.3)          (77.2)        (72.8)         (5.8)
PROFITABILITY
Gross Profit                     150.4          84.6          61.8          91.1        167.7           11.6        460.5          405.4          (12.0)
EBIT                            130.0          66.0          39.1         75.2         141.9            9.1        380.3          322.3          (15.3)
EBT                              122.7         65.5          52.4          67.7        132.6            8.1         349.7         318.2           (9.0)
Net Income                        95.3         51.5          36.1         50.6         107.2           12.5        272.5          245.4           (9.9)
Comprehensive Income/Loss         95.9          51.4         36.3         50.3         106.6           11.2         272.7         246.2            (9.7)
EBITDA                          150.0          85.8          55.6         92.7         164.0            9.3        458.7          398.0          (13.2)
Gross Profit Margin (%)            21.3         25.1          25.9         16.7          15.3          (6.0)          18.7          18.3           (0.4)
Net Margin (%)                    13.5         15.3          15.1           9.3          9.7          (3.8)           11.1          11.1          (0.0)



                                                                                                                                               41
Page 42
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                     (currency in billion IDR, unless stated otherwise)

         INDICATOR           4Q 2024   1Q 2025   2Q 2025      3Q 2025       4Q 2025        Chg (%)

ASSETS
Current Assets               1,211.5   1,057.4   1,051.5       1,357.3       1,349.2         11.4

Non Current Assets           1,157.6   1,205.3   1,253.2       1,304.5        1,491.1        28.8

Total Asset                  2,369.2   2,262.7   2,304.7       2,661.8       2,840.3         19.9

LIABILITIES
Current Liabilities           578.8     416.9     448.8        480.5          560.2          (3.2)

Non Current Liabilities       63.5      65.3      56.6          331.0         322.2         407.7

Total Liabilities             642.2     482.2     505.4         811.4         882.4          37.4

EQUITY
Equity                       1,726.9   1,780.5   1,799.3       1,850.4       1,957.8         13.4

Total Liabilities & Equity   2,369.2   2,262.7   2,304.7       2,661.8       2,840.3         19.9




                                                                                                          42
Page 43
RMKE MEETS THE MINIMUM REQUIREMENTS OF CREDIT COVENANT
                                                              (currency in billion IDR, unless stated otherwise)

              INDICATOR                  4Q 2024   1Q 2025   2Q 2025        3Q 2025         4Q 2025       Chg (%)
FINANCIAL DEBT                                                                                                      Short Term Debt
Short Term Bank Loans
Current Maturity Long Term Liabilities
                                          331.0     189.2     201.7           75.3            0.0         (100.0)
                                                                                                                    30.9%
 Bonds Payable                            0.0       0.0        0.0            115.0           114.2         N.A.
 Bank Loan                                56.4      46.7      36.9            25.5             13.9        (75.3)
 Consumer Financing Payables              8.5       8.4       10.8             11.2            11.1         30.2
 Finance payable                          0.0       0.0        0.0             0.0             0.0          N.A.    Long Term Debt
 Lease Liabilities                         0.7      0.7        0.7             0.7             0.8          14.0
Long Term Liabilities Net Of Current
                                                                                              0.0
                                                                                                                    69.1%
Maturities
 Bonds Payable                             0.0       0.0       0.0           281.0           282.3          N.A.
 Bank Loan                                36.0       32.5      29.1          25.6             22.1         (38.7)
 Consumer Financing Payables               13.2      19.3      14.1           11.0            8.3          (37.0)
 Finance payable                           0.0       0.0       0.0            0.0             0.0           N.A.
 Lease Liabilities                          1.7      0.9       0.9            0.9             0.9          (46.4)
Total Financial Debt                      447.6     297.8     294.3          546.1           453.7           1.4

                INDICATOR                4Q 2024   1Q 2025   2Q 2025        3Q 2025         4Q 2025       Chg (%)
FINANCIAL DEBT SEGMENT
Short Term Debt                           396.7     245.0     250.2          227.7            140.1        (64.7)
Long Term Debt                            50.9       52.8      44.1          318.4            313.6         515.7
Total Financial Debt                      447.6     297.8     294.3          546.1            453.7         1.4

COVENANT                                 4Q 2024   1Q 2025   2Q 2025        3Q 2025         4Q 2025
DER (max 1 time)                          0.26       0.17      0.16          0.30            0.23

                                                                                                                                      43
Page 44
THANK YOU
 RMKE Investor & Public Relations   rmkenergy.com
 PT RMK Energy Tbk
                                    rmke.official
 Wisma RMK Lantai 2
 Jalan Puri Kencana Blok M4/1
 Jakarta Barat, DKI Jakarta 11610   PT RMK Energy Tbk
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linked person Tony Saputra p.3
linked person Vincent Saputra p.3
linked person William Saputra p.3
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unresolved org PT Truba Bara p.18
unresolved org PT Wiraduta Sejahtera Langgeng p.29
unresolved org PT Duta Bara Utama p.29
unresolved org PT Manambang Muara Enim p.29
unresolved org PT KAI’s p.31
unresolved org Bank Loans Current Maturity Long Term Liabilities p.43

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