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QUARTERLY REPORT
PT ANTAM TBK
(Unaudited)
For the Twelve -Month Period Ended December 31 , 2025
ARBN - 087 423 998
Securities Ticker : ASX: ATM, IDX: ANTM
In realizing sustainable performance, ANTAM consistently strives to provide benefits by delivering added value
to the community and the environment.
HIGHLIGHTS
ANTAM recorded its highest nickel ore production and sales performance in more than a decade . In FY25 ,
nickel ore production reached 16.11 million wet metr ic tons (wmt), and sales of 14.58 million wmt.
During the same period, ferronickel production reached to16,064 tons of nickel in ferronickel (TNi), with
sales volume reaching 10,528 TNi.
Gold sales in FY25 recorded 37,406 kg (1,202,631 troy oz.), in line with domestic demand that remained
solid. Meanwhile, gold production in FY25 reaching 74 3 kg (23,888 troy oz.).
ANTAM recorded the highest bauxite production and sales achievement in the Company’s history . In FY25,
bauxite production reaching 2.83 million wmt , with sales of 1.89 million wmt .
Chemical Grade Alumina performance in FY25 also showed the highest achievement in the Company’s
history, with realized production of 181,690 tons of alumina and sales reaching 180,221 tons of alumina.
ANTAM Held Extraordinary General Meeting of Shareholders for the Year 2025
ANTAM and PT Gag Nikel received an award at the 2025 Subroto Awards from the Ministry of Energy and
Mineral Resources in Recognition of their Contributions to the Energy and Mineral Resources Sector
ANTAM Affirms Governance Commitment with Most Trusted CGPI 2024 Rating
Improving ESG Practices, ANTAM Achieves Gold Rank in ASRRAT 2025 .
FOR FURTHER INFORMATION PLEASE CONTACT:
Wisnu Danandi Haryanto
(Corporate Secretary)
Tel : (6221) 789 1234
Email : corsec@antam.com
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CORPORATION INFORMATION AS OF DECEMBER 31, 2025
Board of Commissioners
Irwandy Arif President Commissioner
Ridwan Independent Commissioner
Pius Lustrilanang Independent Commissioner
Elen Setiadi Commissioner
Rudy Sufahriadi Commissioner
Directors
Untung Budiharto President Director
Ratih Dewihandajani L. Director of Human Resources
I Dewa Wirantaya Director of Business Development
Hartono Director of Operations and Production
Handi Sutanto Director of Commercial
Arianto Sabtonugroho Rudjito Director of Finance and Risk Management
Stock Information
• ANTAM’s market capitalization as of 3 1 December 2025: IDR75.70 trillion.
• ANTAM’s share price range on the Indonesia Stock Exchange (IDX) for the period of January to
December 2025: IDR1,355-IDR3,930 per share.
• ANTAM’s average share price on the IDX for FY25: IDR2,640 per share.
• ANTAM’s average share price on ASX for FY25: AU$1.0001 per CDI.
Top 10 Shareholders:
1. PT MINERAL INDUSTRI INDONESIA (PERSERO)
2. UBS AG LONDON -2140724000
3. DJS KETENAGAKERJAAN PROGRAM JHT
4. SSB KGX1 INVESCO GOLD & SPECIAL MINERALS FUND -2183969117
5. JP MORGAN SECURITIES PLC
6. JPMCB NA RE-VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND
7. JPMCB NA RE - VANGUARD EMERGING MARKETS STOCK INDEX FUND
8. HSBC LIMITED, HONG KONG -TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES
9. SSB G44K GOLDMAN SACHS FUNDS -2183965379
10. SSB 2Q1Q ISHARES MSCI GLOBAL GOLD MINERS ETF -2183964063
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CONSOLIDATED PRODUCTION VOLUME (UNAUDITED)
4Q24 FY24 4Q25 FY25
Commodity Unit (Oct - Dec) (Jan - Dec) (Oct - Dec) (Jan - Dec)
2024 2024 2025 2025
Gold Kg/t oz 273/8,777 1,019/32,762 153/4,919 743/23,888
Silver Kg/t oz 1,674/53,820 6,393/205,540 888/28,550 4,578/147,186
Nickel Ore Wmt 2,631,475 9,935,403 3,560,856 16,114,103
Ferronickel TNi 4,858 20,103 2,755 16,064
Bauxite Wmt 693,779 1,331,492 514,374 2,828,429
Chemical Grade Alumina Ton 41,942 147,826 47,465 181,690
PRODUCTION AND SALES
During 2025 (January –December 2025, FY25), ANTAM consistently implements good mining
ANTAM maintained operational resilience practices and operational excellence across all
amid r egulatory adjustments, the suboptimal operational activities. ANTAM aslso continues
growth of the domestic bauxite industry, and to strengthen its sustainability practices,
constraints in the supply of gold feedstock . including the increased use of renewable
Through stronger operational execution, cost energy sources and close collaboration with
efficiencies, and integrated supply chain surrounding communities in delivering social
management, ANTAM sustained business and environmental responsibility programs
continuity and delivered positive performance within its operating areas.
in FY25.
GOLD
In FY25, ANTAM recorded its highest nickel ore
production and sales performance in more than In the fourth quarter of 2025 (October –
a decade since the implementation of the December 2025, 4Q25), the Company’s gold
mineral export ban. This achievement was mine production reached 153 kg (4,919 troy oz).
driven by increasing demand for nickel ore in ANTAM recorded total gold production in FY25
the domestic market. of 743 kg (23,888 troy oz).
In the bauxite segment , ANTAM also recorded Gold sales volume in 4Q25 amounted to 3,331
the highest production and sales in the kg (107,094 troy oz). Gold performance in 4Q25
Company’s history in FY25 . This achievement drove gold sales in FY25 of 37,406 kg (1.202.631
was driven by optimized mining capacity and troy oz).
productivity, as well as increased absorption
from the domestic market. Global economic and geopolitical uncertainty,
financial market volatility, and inflationary
In line with the improvement in bauxite pressures have driven demand for gold as an
performance, ANTAM’s alumina production in investment instrument with hedging and
FY25 also reached its highest level in the safe‑haven characteristics. Amid exchange rate
Company's history , driven by higher utilization volatility and interest rate change , ANTAM’s
rates and enhanced operational stability at the gold products have remained top of mind
alumina processing facilities. among the Indonesian consumers for gold
investment.
As part of its commitment to Environmental,
Social, and Governance (ESG) principles,
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These conditions kept ANTAM’s gold sales During FY25, all ferronickel sales were absorbed
performance solid and contributed by export markets, with major destinations
meaningfully to the Company’s overall including South Korea, India, and China as
performance. major stainless steel manufacturing hubs .
NICKEL ORE BAUXITE
During FY25, ANTAM’s nickel ore production Inline with capacity and productivity as well as
reached 16.11 million wet metric tons (wmt), a stronger domestic absorption, ANTAM recorded
62% increase compared to nickel ore its highest bauxite production and sales in the
production in the first twelve months of 2024 Company History in FY25.
(January - December 2024, FY24) of 9.94 million
wmt. In 4Q25, nickel ore production reached In 4Q25, bauxite production reached 514,374
3.56 million wmt , an increase of 35% from the wmt. Cumulatively, bauxite production in FY25
production achievement in the fourth quarter reached 2.83 million wmt, significant increase
of 2024 (October-December 2024, 4Q24) of 2.63 112% compared to FY24 of 1.33 million wmt.
million wmt.
In terms of sales, bauxite sales volume in 4Q25
From a marketing perspective, nickel ore sales in recorded 785,972 wmt, up 23% from 638,758
FY25 reached 14.58 million wmt, a 75% increase wmt in 4Q24.During FY25, bauxite sales reached
compared to FY24 of 8.35 million wmt. In 4Q25, 1.89 million wmt, an increase of 157% from
nickel ore sales recorded 3.35 million wmt, an 736,188 wmt in FY24.
increase 27% compared to 4Q24 of 2.64 million
wmt. ANTAM b auxite production was allocated as
feedstock for the Company Chemical Grade
In line with increasing domestic demand , FY25 Alumina (CGA) plant , operated by PT Indonesia
represented ANTAM’s highest nickel ore Chemical Alumina (PT ICA), and for sales to
production and sales in more than a decade domestic customers.
since the mineral export ban was introduced.
CHEMICAL GRADE ALUMINA
Throughout FY25, ANTAM’s nickel ore was
allocated to support Indonesia’s nickel class In line with ANTAM’s efforts to optimize
two industry and to supply internal feedstock operations at the Company CGA plant in 4Q25,
for the Company’s ferronickel operations in PT ICA produced 47,465 tons of alumina, up
Kolaka. 13% from 41,942 tons of alumina in 4Q24.
Cumulatively, alumina production in FY25
FERRONICKEL reached 181,690 tons of alumina , up 23% from
147,826 tons of alumina in FY24.
Throughout FY25, ANTAM’s ferronickel
performance was influenced by adjustments to Operational optimization throughout FY25 also
regulations related to minimum product selling supported alumina production , and marking
prices. In FY25, ANTAM achieved ferronickel the highest annual production level on record
production of 16,064 tons of nickel in for the Company in FY25 .
ferronickel (TNi) , with sales volume of 10,528
TNi. In terms of sales, alumina sales in 4Q25 totaled
45,453 tons of alumina, up 3% from 44,112 tons
In 4Q25, ANTAM’s ferronickel production of alumina in 4Q24. During FY25, alumikna sales
reached 2,755 TNi, meanwhile ANTAM reached 180,221 tons of alumina, an increase of
ferronickel sales amounted to 2,346 TNi. 2% from 177,178 tons of alumina in FY24.
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CONSOLIDATED SALES VOLUMES (UNAUDITED)
4Q24 FY24 4Q25 FY25
Commodity Unit (Oct - Dec) (Jan - Dec) (Oct - Dec) (Jan - Dec)
2024 2024 2025 2025
Gold Kg/t oz 15,209/488,981 43,776/1,407,431 3,331/107,094 37,406/1,202,631
Silver Kg/t oz 1,836/59,029 6,552/210,652 2,521/81,052 7,272/233,800
Nickel Ore Wmt 2,642,478 8,354,231 3,349,487 14,583,088
Ferronickel TNi 7,761 19,452 2,346 10,528
Bauxite Wmt 638,758 736,188 785,972 1,889,408
Chemical Grade Alumina Ton 44,112 177,178 45,453 180,221
SUSTAINABLE BUSINESS DEVELOPMENT
THROUGH MINERAL DOWNSTREAMING
In accordance with the Fifth Asta Cita, ANTAM is Maluku on June 29, 2025, the project has moved
committed to reinforcing integrated mineral into the construction phase in East Halmahera .
downstreaming to create sustainable domestic This milestone is marked by the commencement
value added. This commitment is reflected of EPC construction activities in the fourth
through a series of downstream projects quarter of 2025, as part of the development of
currently being developed as part of the the national battery ecosystem.
Company’s long ‑term growth strategy.
To strengthen bauxite downstreaming, ANTAM
In gold commodity, ANTAM is advancing a continues to support the integration of the
project to develop a precious metals national aluminum industry through the Smelter
manufacturing facility in the Java Integrated Grade Alumina Refinery (SGAR) Mempawah
Industrial and Ports Estate (JIIPE) in Gresik, East Project.
Java. The project entered the construction phase
in the fourth quarter of 2025 and is intended to As part of the pathway toward commercial
enhance the value of the Company’s gold operations, ANTAM ensured bauxite supply
business by expanding Logam Mulia gold availability to support consistent alumina
manufacturing capacity. This initiative is aligned production throughout the commissioning
with the Fifth Asta Cita through the phase, while also conducting a trial alumina
implementation of downstreaming to enhance shipment to the Kuala Tanjung aluminum
domestic value added. In addi tion, the initiative smelter as part of integrated supply chain
reflects the Company’s efforts to address rising validation.
market demand and expand the development
of the domestic gold market. By maintaining continuity of bauxite supply to
the SGAR Project operated by PT Borneo
In nickel, ANTAM has achieved several key Alumina Indonesia, a joint venture between
milestones under the cooperative project to ANTAM and INALUM, ANTAM reaffirms its role in
develop Indonesia’s EV Battery ecosystem, supporting the development of a sustainable
including completion of early works, progress on national aluminum industry ecosystem.
permitting, and financing preparations to
support construction readiness in line with the
target schedule. Following the groundbreaking
for the integrated battery plant development in
Karawang, West Java and East Halmahera, North
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EXPLORATION ACTIVITIES
ANTAM's exploration activities focus on gold, of ANTAM's subsidiary, PT Sumberdaya Arindo
nickel and bauxite commodities which are (PT SDA), in Buli, North Maluku.
intended to sustain operations and development
projects. ANTAM's total preliminary una udited In the North Konawe area, activities carried out
exploration expenses in FY25 amounted to include single tube drilling, geological
Rp245.76 billion. As part of the effort to increase mapping, grid measurement, core sampling,
the portfolio of gold reserves and resources, resistivity geophysical, and laboratory analysis.
ANTAM is currently focusing on searching for
additional gold sources both in active Mining In the Pomalaa area, activities included single
Business Permit locations and in other new tube drilling, geological mapping, core
prospect areas. sampling, and laboratory analysis.
ANTAM through the Geomin Unit carries out Meanwhile, exploration activities in the Buli
integrated mineral exploration activities which area by PT SDA include single tube drilling,
include area survey activities, geological geological mapping, grid measurement, and
exploration, geophysical exploration, geodetic sampling.
surveys, drilling, physical and chemical analysis
testing, calculation of mi neral reserves and BAU XITE
resources supported by an integrated
Geographic Information System (GIS).Exploration Bauxite exploration activities in FY 25 were
activities are carried out to ensure the adequacy conducted in Tayan, Landak and Mempawah -
of the Company's potential strategic mineral Toho, West Kalimantan. In the Tayan area, the
resources and reserves. exploration activity was test pit, geological
mapping, sampling, and chemical analysis.
GOLD
In the Landak area, the activities carried out
In FY25, ANTAM conducted gold exploration were land identification, geological mapping,
activities in Pongkor, West Java. In Pongkor, test pit drilling, measurement and installation
ANTAM conducted in underground drilling, of benchmark (BM), and grid test pit
surface drilling, geological mapping and measurement. Meanwhile, in Mempawah –
sampling. Toho, conducted test pit, geological map ping,
sampling, and chemical analysis.
NICKEL
ANTAM's nickel exploration FY25 is in North
Konawe and Pomalaa, Southeast Sulawesi. In
addition, exploration activities were also
conducted on the Mining Business License (IUP)
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ANTAM’S EXPLORATION AREAS IN FY25
Bauxite:
Tayan
Nickel:
Buli
Bauxite:
Mempawah -
Toho Nickel:
North Konawe
Bauxite:
Landak
Nickel:
Pomalaa
Gold:
Pongkor
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on
information compiled by Mr. Bronto Sutopo who is a Member of The Australasian Institute of Mining and Metallurgy.
Mr. Bronto Sutopo is a full -time employee of the company. Mr. Bronto Sutopo has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in th e 2012 Edition of the ‘Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Bronto Sutopo consents to the inclu¬sion in the
report of the matters based on his information in the form and context in which it appea rs.
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EXPLORATION & EXPLOITATION AREA (UNAUDITED)
ANTAM has exploration and exploitation areas covered by various mining business licenses with the
following data:
Exploration Mining Operation Production IUP (IUP OP), Contract of
Location Business Permits Work (KK), Industrial Business License (IUI),
(IUP) Specific Mining Business License (IUP -OPK) for
Processing and Refining
Owned by the Company
Kab. Sarolangun (Batang Asai), SK Kepala BKPM RI No.
-
Prov. Jambi* 164/I/IUP/PMDN/2020
Kab. Sarolangun dan Merangin SK Kepala BKPM RI No.
-
(IUP-VII), Prov. Jambi* 165/I/IUP/PMDN/2020
Kab. Sarolangun dan Merangin SK Kepala BKPM RI No.
-
(IUP-VIII), Prov. Jambi* 166/I/IUP/PMDN/2020
Cibaliung, Kab. Pandeglang, SK Bupati Pandeglang
Prov. Banten** - No. 541.23/Kep.747- BPPT/2013
IUP Operasi Produksi Khusus untuk Pengolahan dan
UBPP Logam Mulia, Jakarta Pemurnian Mineral sesuai
-
SK Menteri ESDM No. 261.K/30/DJB/2011
Pongkor, Kab Bogor, Prov
SK BKPM RI No. 171/I/IUP/PMDN/2020 (98PP0138)
Jawa Barat -
Arinem (Ciarinem),
Papandayan, Kab. Garut, Prov SK BKPM No.256/I/IUP/PMDN/2019
-
Jawa Barat
Mempawah Hulu, Landak,
- SK Bupati Landak No. 544.11/330/HK-2014
Kalimantan Barat
Toho, Mempawah, Pontianak,
SK Bupati Pontianak No. 221 Year 2009
Kalimantan Barat -
Toho, Mempawah, Pontianak, SK Gubernur Kalimantan Barat
Kalimantan Barat - No. 444/ Distamben/2015
Tayan, Sanggau, Kalimantan
- SK BKPM RI No. 241/1/IUP/PMDN/2021
Barat
Lasolo, Konawe Utara,
- SK Bupati Konawe Utara No. 15 Tahun 2010
Sulawesi Tenggara
Asera dan Molawe, Konawe Utara,
SK Bupati Konawe Utara No. 158 Tahun 2010
Sulawesi Tenggara -
Pomalaa, Kolaka, Sulawesi
SK Kepala BKPM RI No. 172/I/IUP/PMDN/2020
Tenggara -
Notes:
*) Suspension extension prosess status
**) The IUP termination has been officially executed
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Operation Production IUP (IUP -OP), Contract of
Work (CoW), Industrial Business Licence (IUI) and
Location Exploration Mining Business
Specific Mining Business Licence (IUP -OPK) for
Permits (IUP)
Processing and Refinery
Owned by the Company (continued)
Batu Kilat, Kolaka, Sulawesi
- SK Kepala BKPM RI No. 175/I/IUP/PMDN/2020
Tenggara
Sitallo, Kolaka, Sulawesi
- SK Kepala BKPM RI No. 173/I/IUP/PMDN/2020
Tenggara
Maniang, Kolaka, Sulawesi
- SK Kepala BKPM RI No. 16/1/IUP/PMDN/2023
Tenggara
Tambea, Kolaka, Sulawesi
- SK Kepala BKPM RI No. 174/I/IUP/PMDN/2020
Tenggara
Maba, Halmahera Timur, Maluku
- SK BKPM RI No. 1103/1/IUP/PMDN/2022
Utara*
Oksibil (Kentaurus), Kab.
SK BKPM RI
Pegunungan Bintang dan -
No. 622/I/IUP/ PMDN/2021
Boven Digoel, Prov. Pap ua**
Oksibil (Polaris),
SK BKPM RI
Kab. Pegunungan Bintang, Prov. -
No. 234/1/IUP/ PMDN/2020
Papua**
Oksibil (Venus), Kab.
SK BKPM RI
Pegunungan Bintang, Prov. -
No. 233/1/IUP/ PMDN/2020
Papua**
Oksibil (Orion), Kab.
SK BKPM RI
Pegunungan Bintang, Prov. -
No. 357/1/IUP/ PMDN/2021
Papua**
Blok Lilief Sawai, Kabupaten
SK BKPM RI No.
Halmahera Tengah, Provinsi -
81200038033160073
Maluku Utara
Blok Marimoi, Kabupaten
SK BKPM RI No.
Halmahera Timur, Provinsi -
81200038033160074
Maluku Utara
Milik Entitas Anak Perusahaan
PT Citra Tobindo Sukses Perkasa - SK DPMPTSP Jambi
Mandiangin, Sarolangun, Jambi - No. 185/KEP.KA.DPM-PTSP- 6.1/IUPOP/IX/2019
PT Borneo Edo Sejahtera -
SK DPMPTSP
Sebadu, Mandor, Kalimantan
- No. 503/18/IUP-OP.P/DPMPTSP- C.II/2020
Barat
PT Borneo Edo International -
SK DPMPTSP
Menjalin, Landak, Kalimantan
- No. 503/16/IUP-OP.P/DPMPTSP- C.II/2019
Barat
Notes:
*) Part of IUP’s has been tranferred to the Company subsidiaries , PT SDA dan PT NKA
**) IUP’s are revoked and the Company is currently in objection/recovery process
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Operation Production IUP (IUP -OP), Contract of
Work (CoW), Industrial Business Licence (IUI) and
Location Exploration Mining Business
Specific Mining Business Licence (IUP -OPK) for
Permits (IUP)
Processing and Refinery
Owned by the Subsidiaries (continued)
Keputusan Menteri Investasi/ Kepala Badan
PT Dwimitra Enggang
Koordinasi Penanaman Modal No. 1130/1/IUP/
Khatulistiwa (PT DEK)-
PMDN/2022 tentang Persetujuan Pemberian IUP pada
Menjalin,
- tahap kegiatan operasi produksi untuk komoditas
Landak, Kalimantan Barat*
mineral logam kepada PT DEK
PT Mega Citra Utama –
SK Gubernur Kalimantan Barat No. 503/16/IUP-
Meliau, Sanggau, Kalimantan
- OP.P/DPMPTSP-C.11/2019
Barat
Kontrak Karya sesuai SK Menteri ESDM
PT Gag Nikel - Pulau Gag, Raja -
No. 430.K/30/DJB/2017
Ampat, Papua Barat
PT Sumber Daya Arindo -
SK BKPM RI
Maba, Halmahera Timur, -
No. 1104/1/IUP/PMDN/2022
Maluku Utara**
PT Nusa Karya Arindo – Maba,
SK BKPM RI
Halmahera Timur, Maluku -
No. 1105/1/IUP/PMDN/2022
Utara**
PT Cibaliung Sumberdaya -
Kep. Bupati Pandeglang No. 821.13/Kep.1351-
Cibaliung, Pandeglang -
BPPT/2014
Banten***
PT Gunung Kendaik -
Mempawah Hulu dan
- SK Gubernur Kalimantan Barat 573/ Distamben/2015
Banyuke Hulu, Kalimantan
Barat***
ICA - Tayan Hilir, Sanggau,
IUI issued on 28/7/2021
Kalimantan Barat****
PT Emas Antam Indonesia - IUP Operasi Produksi Khusus Pengolahan dan
Mandiodo, Konawe Utara, - Pemurnian sesuai SK Bupati Konawe Utara No. 87
Sulawesi Tenggara Tahun 2011
PT Emas Antam Indonesia - IUP Operasi Produksi Khusus Pengangkutan dan
Mandiodo, Konawe Utara, - Penjualan sesuai SK Bupati Konawe Utara No. 88
Sulawesi Tenggara Tahun 2011
Notes:
*) The permit has been upgraded to Operation Production IUP (IUP OP)
**) Resulted from partial transfer of IUP Maba, East Halmahera, North Maluku, which was previuosly owned by Company
***) IUP’s are revoked and the Company is currently in objection/recovery process
****) Previously of Specific Mining Business Licence (IUP -OPK) for Processing and Refinery based on Decision Letter of MoEMR
No.668.K/30/DJB/2012 valid until 20 June 2032
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CORPORATE NEWS Business Unit, received First Rank in the
Indonesia Customer Service Quality Award
ANTAM AND PT GAG NIKEL RECEIVES (ICSQA) 2025 for the Precious Metal Retail
SUBROTO AWARD 2025 category. The award recognizes ANTAM as a
brand with the best service quality through
On October 24, 2025, ANTAM together with its the EXCELLENT title and reflects the
subsidiary PT Gag Nikel, won the Subroto Company's commitment to delivering a good
Award 2025 from the Ministry of Energy and customer service experience.
Mineral Resources of the Republic of
Indonesia. ANTAM continuously strives to ensure that
every customer has a comfortable transaction
Both Companies received recognition in the experience. With the achievement of ICSQA
category of the Most Innovative Mineral and 2025, ANTAM is encouraged to continue to
Coal Community Development and strengthen service standards and bring added
Empowerment (PPM) Program. value to customers.
This recognition underscores the effectiveness ANTAM AFFIRMS GOVERNANCE
of the innovation and community COMMITMENT WITH MOST TRUSTED CGPI
empowerment programs implemented at 2024 RATING
both ANTAM and its subsidiaries, and reflects
the Company’s sustained contribution to On November 25, 2025, ANTAM received the
creating value added and delivering positive Most Trusted rating in the 2024 Corporate
impacts fo r communities in its operational Governance Perception Index (CGPI) event
areas. organized by the Indonesian Institute for
Corporate Governance (IICG) in collaboration
ANTAM - NATIONAL RESEARCH AND with SWA magazine .
INNOVATION AGENCY SIGN
MEMORANDUM OF UNDERSTANDING TO ANTAM's achievement in CGPI 2024 as the
IMPROVE THE QUALITY OF NATURAL Most Trusted Company reflects the Company's
RESOURCES seriousness to continue to improve the
implementation of good corporate
On October 28, 2025 ANTAM signed a governance across all lines of operations.
Memorandum of Understanding (MoU) with ANTAM achieved a total score of 88.02 (Most
the National Research and Innovation Agency Trusted).
(BRIN) to optimize the utilization of natural
resources in Indonesia. CGPI has been implemented since 2001 as a
research and rating program to encourage
Through this cooperation, ANTAM is companies to strengthen their understanding
committed to improving natural resource and application of governance principles. CGPI
processing through BRIN's research and assessments are conducted through self -
technology. This collaboration not only assessment, document evaluation, and
focuses on research activities and covers observation, which emphasizes the
aspects of production, operational efficiency, importance of governance structures,
and innovatio n-based business development. processes, and government results as the
foundation of account able and competitive
CONTINUOUSLY IMPROVING SERVICE, companies.
ANTAM RECEIVES CUSTOMER SERVICE
ANTAM RECEIVES INDONESIAN CIRCULAR
QUALITY AWARD 2025
ECONOMY AWARDS 2025
On November 14, 2025, ANTAM, through the
Precious Metal Processing and Refinery On November 28, 2025 ANTAM remains
recorded an important achievement in the
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implementation of the circular economy. At Meeting of Shareholders for the Year 2025
the Indonesian Circular Economy Awards (“EGMS ”)
(ICEA) 2025, the Company received the Gold
Category award for the Other The First Agenda of EGMS, the shareholders
Materials/Stakeholder Engagement program approved the Amendment of the Company’s
at the macro system level. Articles of Association. The Amendment
relates to the adjustment to the provisions of
In addition, ANTAM’s President Director Law Number 19 of 2003 concerning State -
received the TOP Actor in Circular Economy for Owned Enterprise at last amended by Law
the CEO/BOD level Leader category. This Number 16 of 2025 regarding the Fourth
award also affirms ANTAM's position as one of Amendment to Law Number 19 of 2003
the most progressive companies in promoting concerning State -Owned Enterprises (“ SOE
sustainability practices and the circular Law ”).
economy in Indonesia.
The Second Agenda of EGMS, the shareholders
ICEA 2025 is the first circular economy award also resolved to approve the delegation of
event in Indonesia that fully refers to the ISO authority to the Company’s Board of
59000 series, an international standard Commissioners to grant approval for the
released in May 2024. Company’s Work Plan and Budget (RKAP) for
2026 and the Long -Term Plan (RJPP) for the
IMPROVING ESG PRACTICES, ANTAM 2026–2030 period, including any
ACHIEVES GOLD RANK IN ASRRAT 2025 amendments thereto. This is in line with the
provisions of Article 15G paragraphs (2) and (5)
On November 28, 2025 , ANTAM receives the of the SOE Law. In addition, the shareholders
Gold Rank for the 2024 Sustainability Report at ratified the changes in the composition of the
the Asia Sustainability Reporting Rating Company’s management.
(ASRRAT) 2025 event. The award was
presented by the National Center for ANTAM TOOK IMMEDIATE RESPONSE TO
Corporate Reporting (NCCR) in collaboration DISTRIBUTE AID AND DEPLOY EMERGENCY
with the Institute of Certified S ustainability RESPONSE TEAMS FOR DISASTERS IN ACEH,
Practitioners (ICSP). NORTH SUMATRA, AND WEST SUMATRA
ASRRAT assesses the quality of the company's On December 18, 2025, ANTAM has took
sustainability report based on transparency immediate action to distribute aid and deploy
and accountability, with a panel of certified emergency response teams to support the
experts from academics and practitioners. handling of flash floods and landslides that are
still affectin g Aceh, North Sumatra, and West
ANTAM's success in achieving Gold Rank Sumatra.
indicates that the Company's ESG
implementation has a positive impact on In line with these efforts, ANTAM has deployed
society and the environment, while meeting personnel from its Emergency Response
international standards in sustainability Group (ERG) across various operating units
reporting. and subsidiaries to assist with evacuation
processes, first aid, and medical support in the
ANTAM HELD EXTRAORDINARY GENERAL affected areas.
MEETING OF SHAREHOLDERS FOR THE
YEAR 2025
###
On December 15, 2025, ANTAM announce that #
the Company held Extraordinary General
12
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PT Gag Nikel
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Ministry of Energy
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Indonesia Stock Exchange
p.2
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HSBC LIMITED
p.2
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PT ICA
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PT Borneo In
p.5
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PT Sumberdaya Arindo
p.6
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PT SDA
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unresolved
person
Bronto Sutopo
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Menteri ESDM
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PT Citra Tobindo Sukses Perkasa
p.9
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PT Borneo Edo Sejahtera
p.9
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PT Borneo Edo International
p.9
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PT NKA
p.9
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Menteri Investasi
p.10
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PT Dwimitra Enggang Koordinasi Penanaman Modal
p.10
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PT DEK
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PT Mega Citra Utama
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unresolved
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PT Sumber Daya Arindo
p.10
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PT Nusa Karya Arindo
p.10
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PT Cibaliung Sumberdaya
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PT Gunung Kendaik
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PT GAG NIKEL RECEIVES
p.11
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