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Page 1
Paparan Publik
PT Ultrajaya Milk Industry & Trading Company Tbk

19 Desember 2025
Page 2
Agenda Presentasi
Paparan Publik 2025
01   Profil Perseroan
                          04    Aksi Korporasi 2025
02   Update 3Q2025
                           05   Ringkasan Laporan
03   Strategi Keberlanjutan     Keuangan
     Perseroan
                                                    2
Page 3
Profil Perseroan




               www.ultrajaya.co.id   3
Page 4
                       Profil Singkat Perusahaan
                                                Pendirian dan Produksi

                     Perseroan berdiri pada tahun 1970 dan mulai berproduksi komersial pada tahun 1975




                    Keunggulan Kualitas                                    Pertumbuhan Berkelanjutan
 Pelopor produk minuman susu cair dengan                   Pertumbuhan Pendapatan CAGR 8,16% dalam 12 tahun

   tehnologi UHT;                                             terakhir.

 Menggunakan kemasan Aseptic berkualitas (Tetra            Terdaftar di Bursa Efek Indonesia sejak Juli 1990,

   Pak sejak tahun 1975 dan Combibloc sejak tahun             dengan kode ULTJ

   1998).                                                   Pemimpin pasar produk minuman dalam kemasan

                                                              (Susu cair UHT dan Teh siap minum) di Indonesia
                                                                                                                  4
Page 5
             Profil Singkat Perusahaan
                         Produksi                                          Dukungan Peternakan

 Produksi baik secara langsung dan melalui entitas perusahaan    Dukungan sumber susu segar dari 2 industri

   patungan (joint venture / "JV") dan toll manufacturing.          peternakan milik sendiri;

 Proses produksi yang terintegrasi secara vertikal dan           Pemasok dari industri dan koperasi peternakan

   terotomatisasi.                                                  UMKM



                 Penjualan dan Distribusi                                  Keanekaragaman produk

 Jaringan penjualan dan distribusi yang luas di                  Mengembangkan lebih dari 25 varian produk

   seluruh Indonesia dan Luar negeri                                minuman UHT berkualitas, termasuk kategori susu

                                                                    dan non-susu.

                                                                  Memproduksi susu bubuk dan minuman jus dalam

                                                                    kemasan melalui Toll Manufacturing
                                                                                                                      5
Page 6
                   Entitas Anak, Asosiasi & JV




data per 30 September 2025                       6
Page 7
                     Direksi & Dewan Komisaris
             Sabana Prawirawidjaja                                    Samudera Prawirawidjaja                                           Jutianto Isnandar
             Pendiri dan Presiden Direktur                            Direktur                                                          Direktur
         •   Merupakan salah seorang pendiri Perseroan.               •   Berpengalaman lebih dari 25 tahun                         •   Bekerja di Ultrajaya sejak tahun 1974
             Diangkat     sebagai    Presiden   Direktur                  dengan Ultrajaya sejak tahun 1989                             sebagai Manajer Produksi, Asisten
             Perseroan sejak tahun 1971                               •   Juga menjabat sebagai Presiden                                Manajer Pabrik, Manajer Penjualan &
         •   Menjabat juga sebagai Komisaris di PT Kraft                  Direktur PT Campina Ice Cream                                 Distribusi dan saat ini menjabat sebagai
             Ultrajaya Indonesia, Komisaris Utama di PT                   Industry, Direktur di PT Kraft Ultrajaya                      Direktur
             NDI, Komisaris Utama di PT Ito En Ultrajaya                  Indonesia, Direktur di PT Ito En                          •   Sebelumnya bekerja di PT Indomilk
             Wholesale, Komisaris di PT UPBS, dan                         Ultrajaya Wholesale, dan Komisaris di                     •   Juga menjabat sebagai Presiden
             Direktur Utama di PT USDF                                    PT USDF                                                       Komisaris PT Campina Ice Cream
                                                                                                                                        Industry



    SUPIANDI                                             SUHENDRA                                 SONY DEVANO                                            EVITA PUSPITASARI
    PRAWIRAWIDJAJA                                       PRAWIRAWIDJAJA                           Komisaris Independen                                   Komisaris Independen
    Presiden Komisaris                                   Komisaris
                                                                                              •   Bekerja juga sebagai Pimpinan di SAR Tax &         •   Bekerja juga sebagai Dosen Departemen
                                                     •    Menjabat    juga   sebagai              Management Consultant sejak tahun 2013,                Akuntansi Fakultas Ekonomi dan Bisnis
•   Merupakan salah seorang pendiri Perseroan..
                                                          pengelola CH Art & Poetry               menjadi kuasa hukum di Pengadilan Pajak                UNPAD, sejak tahun 1999;
    Pernah menjabat sebagai Wakil Direktur
    Perseroan (1971-1980)
                                                          Studio (1999-sekarang).                 sejak tahun 2000, menjadi Partner di Kantor        •   Komite    Audit     Universitas  Pendidikan
                                                                                                  Akuntan Publik sejak tahun 2018, dan                   Indonesia, sejak tahun 2020; Staf Ahli SAR
                                                                                                  pengajar program S2 di Universitas                     TAX Management & Consultant, sejak tahun
                                                                                                  Padjajaran                                             2021;
                                                                                                                                                     •   Partner Sarana Solusi Nawala (SSN)
                                                                                                                                                         Consulting, sejak tahun 2023; Staf Ahli KAP
                                                                                                                                                         Jojo Sunaryo & Rekan (JSR) Cabang
                                                                                                                                                         Bandung, sejak tahun 2024.


       Profile lengkap Direksi dan Dewan Komisaris dapat dilihat pada website Perseroan dan
       Laporan Tahunan Perseroan
                                                                                                                                                                                                  7
Page 8
Visi, Misi, Nilai dan Budaya

                         VISI
  Menjadi perusahaan Industri Minuman dan
  Makanan yang Terbaik dan Terbesar di Indonesia,
  dengan senantiasa mengutamakan kepuasan                      Nilai dan Budaya
  konsumen, serta menjunjung tinggi kepercayaan
  para pemegang saham dan mitra kerja perusahaan
                                                    Kualitas
                         MISI                                           Integritas
Menjalankan usaha dengan dilandasi kepekaan
yang tinggi untuk senantiasa berorientasi kepada
                                                    Fokus Pelanggan
pasar/konsumen, dan kepekaan serta kepedulian
untuk senantiasa memperhatikan lingkungan, yang                    Nilai Tambah
dilakukan secara optimal agar dapat memberikan
nilai tambah sebagai wujud pertanggungjawaban
kepada para pemegang saham.                          Kerjasama & Kolaborasi

                                                                                     8
Page 9
Update 3Q2025




                9
Page 10
Tinjauan Ekonomi Nasional




                            10
Page 11
                Pertumbuhan Perseroan


                               PENDAPATAN                                                                                LABA BERSIH & EBITDA
 10,00
                                                                                      8,87
  9,00                                                                         8,30
                                                                        7,66                 2,00                                                               1,81
  8,00
                                                                                             1,80                                                                              1,65    1,62
  7,00                                             6,22
                                                                 6,62
                                                                                             1,60           CAGR EBITDA:                        1,42
                                                                                                                                                        1,55
                                                                                                                                                                        1,46
                                                          5,97
  6,00                                      5,47                                             1,40             13,72%                                            1,28
                                                                                                                                                                               1,19
                                     4,88                                                                                        1,11                   1,11                           1,15
                              4,69                                                           1,20                         1,04           1,04   1,04
  5,00                 4,39                                                                                                                                             0,97
  4,00   3,46
                3,92
                                            CAGR Pendapatan:                                 1,00                 0,83
                                                                                                                          0,71   0,72    0,70
                                                 8,16%                                       0,80
                                                                                                    0,56
                                                                                                                                                       CAGR Laba Bersih:
  3,00                                                                                                     0,51   0,52
                                                                                             0,60
                                                                                                    0,33
                                                                                                                                                           10,96%
  2,00                                                                                       0,40          0,28

  1,00                                                                                       0,20
                                                                                               -
    -                                                                                               2013   2014   2015    2016   2017   2018    2019   2020    2021    2022    2023    2024
         2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
                                                                                                                                  NET PROFIT       EBITDA-1
                          Angka dalam Triliun Rupiah
                                                                                                                                 Angka dalam Triliun Rupiah

Tingkat pertumbuhan per tahun CAGR (Compound Annual Growth Rate)
                                                                                                                     1 EBITDA (Earning before interest, tax, depreciation, amortization);

                                                                                                                         Laba bersih diluar beban bunga, pajak, penyusutan, amortisasi

                                                                                                                                                                                            11
Page 12
Hasil 3Q2025

                           PENDAPATAN

                         IDR   6,238 triliun
                         vs. LY 6,583 triliun
                         - 5,2%




       LABA BERSIH                                     EBITDA


     IDR   974 miliar                           IDR   1,331 triliun
     vs. LY 893 miliar                          vs. LY 1,231 triliun
     + 9,0%                                     + 8,1%



                                                                       12
Page 13
                Tinjauan Bisnis
                                                               PENDAPATAN 3Q2025
                                                                                         Lainnya
                                                  Teh &
                                                                                           5%
                                                Minuman
                Produk Susu                     Sehat 12%                                                   Produk Teh & Minuman Sehat
           (Miliar Rupiah, %)                                                                                       (Miliar Rupiah, %)
         11 %                                                                                               -7 %
                                       2%
                                                                                                                                          -29 %

           6.865                                                                        Susu 83%    1.625      1.509
 6.187                         5.037    5.135                                                                                     1.153
                                                                                                                                              814


2023      2024                3Q24     3Q25                                                        2023      2024               3Q24        3Q25

                                                                    Produk lainnya
  Market Share Susu Ultramilk : 37,3%                                                                               Market Share Teh Kotak : 53,9%
                                                                   (Miliar Rupiah, %)
            Per 30/09/2025                                    2%                                                          Per 30/09/2025
            Source: Nielsen                                                                                               Source: Nielsen
                                                                                        - 26 %
                                                        491     500
                                                                                393
                                                                                           289


                                                      2023    2024            3Q24      3Q25
                                                                                                                                                    13
Page 14
            Tinjauan Keuangan
           Pendapatan dan Pertumbuhan
                (Miliar Rupiah, %)              Laba Kotor dan Marjin (Miliar Rupiah, %)
            6,9%
                                                     32,4%     34,1%              -7,5 %
                                   -5,2%                                  33,8%       33,0%

   8.303      8.874                                           3.022
                          6.583         6.238        2.692                2.224       2.057



 2023       2024         3Q24      3Q25             2023     2024       3Q24        3Q25




                                                    EBITDA dan Marjin (Miliar Rupiah, %)
Laba Bersih dan Marjin (Miliar Rupiah, %)
                                                                                  8,1%
                                   9%
    14,3%       13,0%                                19,8%    18,3%
                                        15,6%                            18,7%        21,3%
                           13,6%


   1.186      1.154                                  1.646    1.622                  1.331
                           893          974                               1.231


  2023       2024        3Q24      3Q25             2023     2024       3Q24       3Q25

                                                                                              14
Page 15
                        Tinjauan Keuangan
                                                                                                        Arus Kas Operasi (Miliar Rupiah)
                                  Neraca (Miliar Rupiah)


10.000

 9.000                                 8.461                                        8.575
                                                                                                      1.396     1.262
                                                              7.892                          7.934                              1.044      970
 8.000          7.524                            7.427
                                                                        7.146
 7.000                    6.687

 6.000                                                                                               2023     2024            3Q24       3Q25

 5.000

 4.000
                                                                                                            Belanja Modal (Miliar Rupiah)
 3.000

 2.000

 1.000

    -
                   2023                  2024                   3Q24                  3Q25                        581
                                                                                                        392                        351          374
         ASET LANCAR      TOTAL ASET      LIABILITAS LANCAR      TOTAL LIABILITAS    TOTAL EKUITAS



                                                                                                      2023      2024            3Q24       3Q25


                                                                                                                                                      15
Page 16
Strategi Keberlanjutan
Perseroan




                         16
Page 17
          Keunggulan Perusahaan


      1                        2                            3                        4               6

Fundamental        Posisi Puncak di Pasar      Fasilitas Produksi            Hadir di banyak
Industri yang      dengan Potensi              Terintegrasi Vertikal dan     kategori dengan rekam
Kuat               Pertumbuhan yang Solid      Terotomatisasi                jejak pengembangan
                                                                             produk yang baik




            5                      6                   7                        8

Pengendalian Kualitas    Jaringan Distribusi     Pasokan Susu              Manajemen yang
yang Ketat di seluruh    Nasional yang luas      segar yang                berpengalaman
Rantai Produksi                                  berkualitas baik

                                                                                                         17
Page 18
Rekam Jejak Usaha & Produk




                   2025
                   Launching
                   Ultramilk
                   Blueberry
                   Blast
                               18
Page 19
          Jaringan Distribusi



GENERAL             OUTER               MODERN         EXPORT             THIRD
 TRADE              ISLAND               TRADE          0,3%             PARTIES
 50,4%               32,2%               12,5%                             4,6%


25   Kantor Perwakilan di Pulau Jawa
                                                   9       OFFICIAL STORE ( e-commerce)

65   Kantor Perwakilan di Luar Pulau Jawa

                                                 87.500    Titik Penjualan di Pulau Jawa
14   Distributor di Luar Negeri




                                                                                           19
Page 20
                                       Strategi

 Investasi yang berkelanjutan untuk               Memperkuat merek (brand) dan
meningkatkan efisiensi operasi serta              memperluas jangkauan pasar untuk
     mengintegrasikan kinerja ESG                 mendorong pertumbuhan pendapatan




 Fokus yang berkelanjutan                                  Mengoptimalkan platform distribusi,
    dalam pengembangan                                     memastikan ketersediaan optimal
             produk baru                                   secara nasional




     Pengembangan peternakan dan                  Meningkatkan kapasitas produksi
 rantai pasok susu untuk memastikan               dan gudang
                 kontinuitas pasokan


                                                                                            20
Page 21
       Promosi & Produk Baru
Sebagai langkah strategis
-   Memperkuat merek (brand) dan memperluas jangkauan pasar untuk mendorong pertumbuhan pendapatan
-   Fokus yang berkelanjutan dalam pengembangan produk baru


                                                                              Peluncuran Produk baru 2025:
                                                                                     Ultramilk Blueberry Blast




                 Billboard di area – area strategis dan
                 Branding Mobil Truk Boks




                                                                                                                 21
Page 22
        Pemasaran Bernilai Sosial
Sebagai langkah strategis
-   Memperkuat brand dan memperluas jangkauan pasar untuk mendorong pertumbuhan pendapatan
-   Mendukung kinerja ESG
                                                                                   Kegiatan Olahraga
                                                                                                       (Running)
                     Donor Darah




                                                                                   Kegiatan Akademisi

                                                  Kegiatan Hari
                                                  Anak Nasional


                                                                                   Kegiatan Keagamaan,
                                                                                   lingkungan, dan lain
               Aktivitas sosial dan lingkungan secara lengkap akan termuat dalam   sebagainya
               Laporan Keberlanjutan 2025
                                                                                                                   22
Page 23
                 Support Program MBG
Sebagai langkah strategis
- Ultrajaya sepenuhnya mendukung Program Pemerintah (MBG).
- Memperkuat merek (brand) dan memperluas jangkauan pasar untuk mendorong pertumbuhan pendapatan.
   Promosi (free campaign) untuk meningkatkan tingkat konsumsi susu nasional dalam jangka panjang.

                   Keunggulan :
                   1. Diproduksi oleh Ultrajaya, yang telah terbukti menjaga Kualitas produknya selama
                       lebih dari 50 tahun.
                   2. Kandungan Susu Segar, Kalsium, serta Protein sudah memenuhi ketentuan standar
                       dari Badan Gizi Nasional (BGN)
                                                                     Pendapatan MBG – Pesanan
                                                                              langsung
                    Target Konsumen :
                    Anak usia sekolah (6 – 18
                    tahun)

                    TIDAK UNTUK
                    DIPERJUALBELIKAN
                    SECARA UMUM                              JUL    AGU     SEP    OKT    NOV    DEC-est.


                                                                                                            23
Page 24
                   Fasilitas Baru – UJ MM2100
Sebagai langkah strategis:
- Meningkatkan kapasitas produksi dan gudang, serta mendukung distribusi
- Investasi yang berkelanjutan untuk meningkatkan Efisiensi operasi, Produktivitas serta mengintegrasikan kinerja ESG

                                                                                                            Area Factory
                                                                                                             +/- 38,000 m2
                                                   Total Area                    : 200.000 m2
                                                   Building & Facility Area     : 73.000 m2                 Capacity
                                                   Open Space                   : 127.000 m2                 Total        : 400 kT / year
                                                                                                                - Phase I : 200 kT / year
                                                            Area Warehouse                                  System
                                                              +/- 25,000 m2                                    ERP (Enterprise Resource Planning) Oracle
                                                                                                               HRIS (Human Resources Information System)
                                                            Capacity                                           Automatic GEA Processing
                                                              36,940 Pallet position                           Fresh Milk Reception
                                                            System                                             Tetrapak Technology
                                                               ERP (Enterprise Resource Planning) Oracle      Robotic + AGV (Automatic Guided Vehicle)
                                                               ASRS (Automated Storage & Retrieval            MES (Manufacturing Execution System)
                                                                Systems)                                       AI (Artificial Intelligent) Camera
                                                               15 levels Rack FG
                                                               14 Levels Rack RMPM




                                   Lokasi :
                                    Jln. Irian XV, Blok RR No.15,
                                    MM2100 Industrial Estate,
                                    Cibitung, Jawa Barat.

                                                                                                                                                            24
Page 25
                    Fasilitas Baru – UJ MM2100
 Juga sebagai langkah strategis
                                                                            Target 5-0-0-0:
 - Implementasi Kinerja ESG

 Systems & Technology:
    Industrial 4.0
    Peningkatan efisiensi, produktivitas, dan inovasi dalam industri
    Otomatisasi (Robotika ) permesinan dan perpindahan barang
    Internet of Things (IoT), system terintegrasi
 Meningkatkan Efisiensi dan Produktivitas                                       Top 5 Best Factory UHT di dunia (Quality & Cost Efficiency)
 Ramah lingkungan (pengolahan limbah, reduksi emisi)                            Zero Accident (Keselamatan kerja prima melalui pencegahan insiden
                                                                                  dan budaya Keselamatan dan Kesehatan Kerja - K3 yang kuat)
                                                                                 Zero (Efisiensi biaya dan minimalisasi limbah dalam seluruh proses
                                                                                  operasi)
                                                                                 Zero Emisi Karbon (Komitmen keberlanjutan dan tanggung jawab
                                                                                  lingkungan)
                                           Inisiatif Pengelolaan Air & Limbah:

                                           o Rain Water Harvesting
                                             Pemanfaatan dan penampungan air hujan sebagai sumber air
                                             alternatif
                                           o Closed-Loop Water System
                                             Sistem Pengelolaan Produksi dengan Air Sirkuler (Recycling) dengan
                                             Efisiensi Tinggi (tingkat efisiensi diatas 95%)
                                           o Biological Wastewater Treatment
                                             Sistem pengolahan air limbah dengan bakteri aerob dan anaerob
                                                                                                                                                  25
Page 26
               Fasilitas Baru – UJ MM2100
Dokumentasi:




                   Area Pabrik              Area Gudang
                                                          26
Page 27
Aksi Korporasi 2025




                      27
Page 28
                            Aksi Korporasi tahun 2025


                                         Pembagian Dividen

                          Berdasarkan Keputusan RUPST tanggal 02 Mei 2025
                          Nilai Dividen : Rp 45,-/ lembar saham
                          Jumlah saham 10.398.175.200 lembar
                          Jumlah Dividen Rp 467,9 miliar atau 40,6% dari Laba Bersih tahun 2024
                          Pembayaran 28 Mei 2025
                          .

            Dividen per lembar saham                                                              Dividen Rasio
50                                           45                         45%                                       41%
45                             40                                       40%                                 35%
40                                                                      35%
                                                                                              32%
35                  30                                                  30%
30   25                                                                 25%      20%
25                                                                      20%
20
                                                                        15%
15
                                                                        10%
10
 5                                                                       5%
 0                                                                       0%

     2022          2023       2024          2025                                2022          2023         2024   2025




                                                                                                                         28
Page 29
Ringkasan Laporan
Keuangan




                    29
Page 30
   NERACA
                                           Per 31 Desember             Per 30 September
(dalam juta Rupiah)                       2023             2024       3Q24           3Q25
Aset lancar
Kas                                          2.174.324    2.434.322    2.443.724    2.546.167
Piutang usaha                                  710.304      818.519      694.667      765.164
Persediaan                                   1.431.226    1.389.673    1.256.014    1.236.417
Lainnya                                         95.621      227.234      170.779      119.761
Total aset lancar                            4.411.475    4.869.748    4.565.184    4.667.509
Aset tidak lancar
Aset tetap                                   2.346.120    2.460.538    2.448.419    3.153.621
Penyertaan saham dalam entitas asosiasi        111.185      132.526      131.273      156.149
Aset tidak lancar lainnya                      655.176      998.553      746.961      597.828
Total aset tidak lancar                      3.112.481    3.591.617    3.326.653    3.907.598
TOTAL ASET                                   7.523.956    8.461.365    7.891.837    8.575.107
Utang lancar
Utang usaha dan lain-lain                      465.275      555.145      464.020      384.578
Pinjaman jangka pendek                           1.567        1.694        1.662        1.592
Bagian lancar dari utang jangka panjang         10.358        9.093        5.941        8.665
Bagian lancar dari utang MTN                   236.193      336.882      147.411      125.631
BagiaKewajiban lancar lainnya                  713.393      902.814      619.034      520.466
Total utang lancar
Utang tidak lancar                              18.976       27.061       15.092       19.328
Utang jangka panjang                             2.529        7.384        2.435        8.411
Pajak tangguhan                                102.090       97.188      109.484       93.043
Lainnya                                        123.595      131.633      127.011      120.782
Total utang tidak lancar                       836.988    1.034.447      746.045      641.248
Total liabilitas
Kepentingan minoritas                           86.159       87.688       82.107       88.345
Ekuitas                                      6.600.809    7.339.230    7.063.685    7.845.514
TOTAL LIABILITAS DAN EKUITAS                 7.523.956    8.461.365    7.891.837    8.575.107   30
Page 31
LAPORAN LABA RUGI
(dalam juta Rupiah)                              2023            2024            3Q24             3Q25
Pendapatan                                        8.302.741        8.874.202       6.582.915        6.237.682
Beban Pokok Penjualan                            (5.611.170)      (5.852.425)     (4.358.497)      (4.180.864)
Laba kotor                                        2.691.571        3.021.777       2.224.418        2.056.818
Beban Penjualan                                   (982.835)       (1.347.339)      (848.039)        (740.845)
Beban Umum dan Administrasi                       (252.663)         (275.431)      (198.833)         (211.909)
Beban lainnya                                           17.142          49.318      (78.007)              89.814
Total                                            (1.218.356)      (1.573.452)     (1.124.879)       (862.940)
Laba dari usaha                                   1.473.215        1.448.325       1.099.539        1.193.878
Pendapatan keuangan                                     69.861          37.424           30.157           28.789
Beban keuangan                                     (46.848)              (127)          (1.426)             (98)
Bagian laba (rugi) bersih entitas asosiasi dan
JV                                                      11.057          21.341           20.088           15.423
Laba sebelum pajak penghasilan                    1.507.285        1.506.963       1.148.358        1.237.992
Beban pajak penghasilan                           (321.124)         (353.047)      (255.188)        (264.268)
Laba tahun berjalan                               1.186.161        1.153.916            893.170          973.724
Laba tahun berjalan yang diatribusikan
kepada:
Pemilik entitas induk                             1.169.212        1.136.624            881.181          960.882
Kepentingan non-pengendali                              16.949          17.292           11.989           16.348
EBITDA                                            1.646.062        1.621.711       1.230.791        1.330.697
                                                                                                                   31
Page 32
LAPORAN ARUS KAS
(dalam juta Rupiah)                   FY 2023         FY2024         3Q24          3Q25
Arus kas dari aktivitas operasi
    Penerimaan kas dari aktifitas
        operasi                         1.589.836       1.568.773     1.232.922     1.137.466
   Penerimaan penghasilan bunga           124.512         122.932        74.186        72.981
   Pembayaran beban bunga                 (45.168)           (127)       (1.426)          (98)
   Pembayaran pajak penghasilan         (286.066)       (393.559)     (262.964)     (279.283)
   Lainnya - bersih                         13.184        (36.436)         1.264       38.917
Kas bersih diperoleh dari aktivitas
operasi                                 1.396.298       1.261.583     1.043.982      969.983
Arus kas dari aktivitas investasi
   Belanja modal                         (391.908)      (581.136)     (350.836)     (374.177)
   Lainnya – bersih                        873.854         23.614        17.808         6.260
Kas bersih dari (untuk) aktivitas
investasi
                                          481.946       (557.522)     (333.028)     (367.917)
Arus kas dari aktivitas pendanaan
   Pembayaran MTN                        (600.000)              -             -             -
   Pembayaran utang Leasing                (11.051)      (12.304)       (9.763)         (102)
   Lainnya - bersih                      (341.511)      (431.759)     (431.791)     (490.119)
Kas bersih dari (untuk) aktivitas
pendanaan                                (952.562)      (444.063)     (441.554)     (490.221)

Kenaikan (penurunan) kas                  925.682         259.998       269.400       111.845
Kas pada awal tahun / periode           1.248.642       2.174.324     2.174.324     2.434.322
Kas pada akhir tahun / periode          2.174.324       2.434.322     2.443.724     2.546.167
                                                                                                 32
Page 33
                                  Pernyataan pembatasan tanggung jawab

Dokumen ini tidak dimaksudkan sebagai dokumen penawaran publik berdasarkan Undang-Undang Republik Indonesia No. 8 Tahun 1995 tentang Pasar
Modal dan peraturan pelaksanaannya. Orang yang menerima dokumen ini diwajibkan untuk memahami dan mematuhi setiap pembatasan dalam
mendistribusikan dokumen ini. Dokumen ini tidak boleh digunakan untuk tujuan penawaran atau undangan dalam keadaan di mana penawaran atau
undangan tersebut tidak sah.

Informasi ini tidak merupakan dan bukan penawaran untuk menjual atau permintaan untuk membeli sekuritas ("Sekuritas") PT Ultrajaya Milk Industry &
Trading Company Tbk ("Ultrajaya") di Amerika Serikat atau di tempat lain. Ultrajaya belum dan tidak berniat untuk mendaftarkan Sekuritas berdasarkan
Undang-Undang Sekuritas Amerika Serikat tahun 1933, sebagaimana diubah ("Undang-Undang Sekuritas"), dan Sekuritas tidak boleh ditawarkan atau
dijual di Amerika Serikat tanpa pendaftaran berdasarkan Undang-Undang Sekuritas atau berdasarkan pengkecualian dari, atau dalam transaksi yang
tidak tunduk pada, pendaftaran.Ultrajaya tidak berniat untuk melakukan penawaran publik Sekuritas di Amerika Serikat atau di tempat lain.

Dokumen ini mencakup pernyataan-pernyataan yang bersifat prospektif. Pernyataan-pernyataan ini mengandung kata-kata "mengantisipasi", "percaya",
"berniat", "memperkirakan", "mengharapkan", "merencanakan" dan kata-kata yang memiliki makna serupa. Semua pernyataan selain pernyataan fakta
historis yang tercantum dalam dokumen ini, termasuk, tanpa batasan, pernyataan tentang posisi keuangan Ultrajaya, strategi bisnis, rencana dan tujuan
manajemen untuk operasi masa depan (termasuk rencana dan tujuan pengembangan yang terkait dengan bisnis dan layanan Ultrajaya) adalah
pernyataan-pernyataan prospektif. Pernyataan-pernyataan prospektif tersebut melibatkan risiko, ketidakpastian dan faktor-faktor penting lainnya yang
dapat menyebabkan hasil aktual, kinerja atau pencapaian Ultrajaya berbeda secara material dari hasil, kinerja atau pencapaian yang dinyatakan atau
diimplikasikan oleh pernyataan-pernyataan prospektif tersebut. Pernyataan-pernyataan prospektif tersebut didasarkan pada banyak asumsi tentang
strategi bisnis Ultrajaya saat ini dan masa depan serta lingkungan di mana Ultrajaya akan beroperasi, dan harus dibaca bersama dengan asumsi-asumsi
tersebut.Pernyataan-pernyataan prospektif ini hanya berlaku pada tanggal dokumen ini. Prediksi, proyeksi atau perkiraan ekonomi atau tren pasar tidak
selalu menunjukkan kinerja masa depan atau kemungkinan Ultrajaya. Kinerja masa lalu tidak selalu menunjukkan kinerja masa depan. Kinerja keuangan
masa depan Ultrajaya tidak dijamin. Anda diperingatkan untuk tidak terlalu mengandalkan pernyataan-pernyataan prospektif ini, yang didasarkan pada
pandangan Ultrajaya saat ini tentang peristiwa masa depan.

Ultrajaya secara tegas menolak setiap kewajiban atau komitmen untuk menyebarluaskan pembaruan atau revisi pernyataan-pernyataan prospektif yang
terkandung di sini untuk mencerminkan perubahan dalam harapan Ultrajaya tentang hal tersebut atau perubahan dalam peristiwa, kondisi atau keadaan
yang menjadi dasar pernyataan tersebut, kecuali sebagaimana diwajibkan oleh hukum.
Page 34
TERIMAKASIH


    investor-relations@ultrajaya.co.id
Page 35
Public Expose
PT Ultrajaya Milk Industry & Trading Company Tbk

19 December 2025
Page 36
Agenda Presentation
Public Expose 2025
01   Company Overview           Corporate Action
                           04   2025
02   Update 3Q2025
                           05   Financial Report
03                              Highlights
     Corporate Sustainability
     Strategy
                                                   2
Page 37
Company Overview




            www.ultrajaya.co.id   3
Page 38
                   Company Business Overview
                                          Establishment and Production

                     The Company was established in 1970 and began commercial production in 1975




                  Quality Excellence                                        Sustainable Growth
 Pioneer of liquid milk beverage products with UHT      Revenue Growth CAGR 8.16% in the last 12 years;

   technology;                                           Listed on the Indonesia Stock Exchange since July

 Quality aseptic packaging through partnerships           1990, ticker code ULTJ;

   with Tetra Pak Since 1975 and Combibloc Since         Market leader in packaged beverage products (UHT

   1998.                                                   Milk and Tea Ready-to-Drink) in Indonesia.


                                                                                                              4
Page 39
         Company Business Overview
                        Production                                              Farm Support

 Production is carried out directly and through joint venture
                                                                  Support for fresh milk sources from 2 owned dairy farms;
   entities ("JV") and toll manufacturing;
                                                                  Supply from farm industry and cooperative dairy farms
 Vertically integrated and automated production processes.
                                                                    including UMKM / Micro, Small, and Medium Enterprises




                  Sales and Distribution                                         Product variety

 Extensive sales and distribution network                        Developing over 25 variants of quality UHT beverage

   throughout Indonesia and overseas                                products, including milk and non-milk categories.

                                                                  Producing powdered milk and packaged juice drinks

                                                                    through Toll Manufacturing.



                                                                                                                         5
Page 40
                Subsidiaries, Associated & JV




data as of 30 September 2025                    6
Page 41
         Board of Directors & Commissioners
        Sabana Prawirawidjaja                                    Samudera Prawirawidjaja                                            Jutianto Isnandar
        Founder and President Direktur                           Director                                                           Director
    •   He is one of the founders of the Company.                •    Over 25 years of experience with Ultrajaya                •    Worked at Ultrajaya since 1974 as
    •   Appointed as President Director of the Company                since 1989.                                                    Production Manager, Assistant Plant
        since 1971, Also serves as Commissioner at PT            •    Also serves as President Director of PT                        Manager, Sales & Distribution Manager
        Kraft Ultrajaya Indonesia, Main Commissioner at PT            Campina Ice Cream Industry, Director of PT                     and currently serves as Director.
        NDI, Main Commissioner at PT Ito En Ultrajaya                 Kraft Ultrajaya Indonesia, Director of PT Ito             •    Previously worked at PT Indomilk, Also
        Wholesale, Commissioner at PT UPBS, and Main                  En Ultrajaya Wholesale, and Commissioner                       served as President Commissioner of PT
        Director at PT USDF                                           of PT USDF.                                                    Campina Ice Cream Industry




    SUPIANDI                                             SUHENDRA                                 SONY DEVANO                                           EVITA PUSPITASARI
    PRAWIRAWIDJAJA                                       PRAWIRAWIDJAJA                           Komisaris Independen                                  Komisaris Independen
    Presiden Komisaris                                   Komisaris
                                                                                              •   He has also worked as a CEO at SAR Tax &          •   Works also as a Lecturer in the Department of
                                                     •    Also served as the manager              Management Consultant since 2013, has                 Accounting, Faculty of Economics and
•   He is one of the founders of the Company
                                                          of CH Art & Poetry Studio               been a attorney at the Tax Court since 2000,          Business, UNPAD, since 1999;
•   Has served as Deputy Director of the
    Company (1971-1980).
                                                          (1999-present)                          has been a Partner at a Public Accounting         •   Audit Committee of the Indonesian Education
                                                                                                  Firm since 2018, and as a master program              University, since 2020; Expert Staff of SAR
                                                                                                  lecturer at Padjajaran University.                    TAX Management & Consultant, since 2021;
                                                                                                                                                    •    Partner of Sarana Solusi Nawala (SSN)
                                                                                                                                                        Consulting, since 2023; Expert Staff of KAP
                                                                                                                                                        Jojo Sunaryo & Rekan (JSR) Bandung
                                                                                                                                                        Branch, since 2024



        The complete profiles of the Board of Directors and Board of Commissioners can be found on
        the Company's website and Annual Report.
                                                                                                                                                                                                    7
Page 42
Vision, Mission, Values & Culture

                          Vision
 To become the best and the largest Food and
 Beverage industry in Indonesia, through
 consistently prioritizing consumers satisfaction, and             Values & Cultures
 highly upholding our stockholders and business
 partners’ trusts.
                                                         Quality
                         Mission                                              Integrity
 To conduct business based on high sensitivity,
 consistently orienting to the market and consumers,     Costumer Focus
 continuously maintaining environmental
 consciousness, with the end goal of optimally
 conducting business to achieve value added                            Value Added
 performance to our Shareholders
                                                         Teamwork & Collaboration

                                                                                          8
Page 43
Update 3Q2025




                9
Page 44
National Economic Overview




                             10
Page 45
                  Company Growth


                                       Revenue                                                                            Net Profit & EBITDA
10,00
                                                                                       8,87
 9,00                                                                           8,30
                                                                         7,66
 8,00
                                                                                              2,00                                                               1,81
 7,00                                               6,22
                                                                  6,62                        1,80          CAGR EBITDA:                                                        1,65    1,62
                                                                                                                                                         1,55
                                                                                                              13,72%
                                                           5,97
                                                                                              1,60                                               1,42                    1,46
 6,00                                        5,47
                                      4,88                                                    1,40                                                               1,28
                               4,69                                                                                                                                             1,19    1,15
 5,00                  4,39                                                                                                       1,11                   1,11
                                                                                              1,20                        1,04           1,04    1,04
 4,00    3,46
                3,92
                                               CAGR Revenue:                                  1,00                 0,83
                                                                                                                                                                         0,97

                                                  8,16%                                       0,80
                                                                                                                          0,71    0,72   0,70
 3,00
                                                                                              0,60
                                                                                                     0,56   0,51   0,52                                 CAGR Laba Bersih:
 2,00
                                                                                              0,40
                                                                                                     0,33   0,28                                            10,96%
 1,00                                                                                         0,20

   -                                                                                            -
         2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024                                 2013   2014   2015   2016   2017    2018    2019    2020   2021    2022    2023    2024

                              Numbers in Trillion Rupiah                                                                          NET PROFIT        EBITDA-1
                                                                                                                             Numbers in Trillion Rupiah

        CAGR (Compound Annual Growth Rate)                                                                           1 EBITDA (Earning before interest, tax, depreciation, amortization);




                                                                                                                                                                                            11
Page 46
Result 3Q2025

                             SALES REVENUE

                             IDR 6,238          Trillion
                             vs. LY 6,583 Trillion
                             - 5,2%




        NET PROFIT                                                EBITDA


     IDR 974       Billion                                 IDR   1,331 Trillion
     vs. LY 893 Billion
     + 9,0%                                                vs. LY 1,231 Trillion
                                                           + 8,1%



                                                                                   12
Page 47
          Business Overview
                                                                 SALES 3Q2025
                                                 Tea &                                     Others
                                                 Health                                     5%
                                                 drink
             Dairy Products                                                                                   Tea & Healthy Drink Products
                                                  12%
            (Bilion Rupiah, %)                                                                                       (Bilion Rupiah, %)
         11 %                                                                                                -7 %
                                        2%
                                                                                                                                           -29 %
                                                                                           Dairy
            6.865                                                                           83%      1.625      1.509
 6.187                          5.037    5.135                                                                                     1.153
                                                                                                                                               814


2023       2024                3Q24     3Q25                                                        2023      2024               3Q24        3Q25

                                                                       Other Products
       Market Share Ultramilk : 37,3%                                                                                Market Share Teh Kotak : 53,9%
                                                                     (Bilion Rupiah, %)
              Per 30/09/2025                                    2%                                                          Per 30/09/2025
             Source: Nielsen                                                                                               Source: Nielsen
                                                                                          - 26 %
                                                          491     500
                                                                                  393
                                                                                             289


                                                     2023       2024            3Q24      3Q25
                                                                                                                                                     13
Page 48
          Financial Highlights
                    Sales & Growth
                 (IDR Bn, % of Sales)              Gross Profit (IDR bn, % of Sales)
          6,9%
                                                     32,4%     34,1%              -7,5 %
                                      -5,2%                               33,8%       33,0%

 8.303     8.874                                              3.022
                              6.583        6.238     2.692               2.224        2.057



2023      2024              3Q24      3Q25          2023     2024       3Q24        3Q25




                                                   EBITDA ¹ & Margin (IDR Bn, % of Sales)
Net Profit & Margin (IDR Bn, % Sales)
                                                                                  8,1%
                                      9%
  14,3%      13,0%                                   19,8%    18,3%
                                           15,6%                         18,7%        21,3%
                              13,6%


  1.186     1.154                                    1.646    1.622                  1.331
                              893          974                           1.231


2023      2024              3Q24      3Q25          2023     2024       3Q24       3Q25

                                                                                              14
Page 49
                   Financial Highlights
                                                                                                                    Cash Flow (in Billion Rupiah)
                         Balance Sheet (in Billion Rupiah)

9.000                                   8.461                                                 8.575
                                                                  7.892                                  7.934
8.000      7.524                                   7.427
                                                                                 7.146                            1.396
                         6.687                                                                                             1.262          1.044
7.000                                                                                                                                                970

6.000

                                                                                                                 2023     2024          3Q24       3Q25
5.000

4.000

                                                                                                                 Capital Expenditures (in Billion Rupiah)
3.000

2.000

1.000

   -
               2023                         2024                    3Q24                        3Q25                         581
                                                                                                                    392                      351          374
        Current Assets           Total Assets       Liabilities           Total Liabilities     Total Equity



                                                                                                                  2023     2024            3Q24      3Q25


                                                                                                                                                                15
Page 50
Corporate Sustainability
Strategy




                           16
Page 51
                Corporate Strengths


      1                          2                           3                        4                 6

Strong Industry      Leading Market Position    Vertically Integrated and     Present in Multiple
Fundamentals         Ready to Capture           Automated Production          Categories and Good
                     Sustainable Growth         Facilities                    Track Record in Product
                                                                              Development




            5                        6                  7                        8

Strict Quality Control     Extensive National     Good Quality              Highly
throughout the             Distribution           Fresh Milk                Experienced
Production Chain           Network                Supply                    Management

                                                                                                            17
Page 52
Business & Products Track Record




                       2025
                       Launching
                       Ultramilk
                       Blueberry
                       Blast
                                   18
Page 53
       Network Distribution



GENERAL              OUTER                 MODERN         EXPORT              THIRD
 TRADE               ISLAND                 TRADE          0,3%              PARTIES
 50,4%                32,2%                 12,5%                              4,6%



25   Representative Offices in Java
                                                      9      OFFICIAL STORE ( e-commerce)

65   Autorized Distributors outside Java

                                                    87.500   Points of sale in Java
14   Overseas Distributors




                                                                                            19
Page 54
                                       Strategies

 Continuous investment to improve                   Strengthen brand and expand market
operational efficiency and integrate                coverage to drive revenue growth
                     ESG initiatives




  Sustained focus on new                                      Optimize distribution platform,
    product development                                       ensuring optimal national
                                                              availability




    Develop farm and milk supply                    Increase production capacity and
     chain to ensure continuity of                  warehouse
                           supply


                                                                                                20
Page 55
    Promotion & New Product
As a strategic moves:
 Strengthen brand and expand market reach to drive revenue growth
 Sustained focus on new product development                         New Product Launch 2025:
                                                                     Ultramilk Blueberry Blast




                Billboards in strategic areas and Box Truck Car
                Branding




                                                                                                 21
Page 56
          Social Value Promotion
As a strategic move
 Strengthen brand and expand market reach to drive revenue growth
 Support ESG Initiatives
                                                                                          Sports Activities
                                                                                                              (Running)
                     Blood Donation




                                                                                          Academic Activities

                                                  National
                                                  Children's
                                                  Day Activities

                                                                                          Religious Activities, Environmental
                                                                                          Activities, and others
              Complete social and environmental activities will be featured in the 2025
              Sustainability Report
                                                                                                                           22
Page 57
       Support Free Lunch Program (MBG)
As a strategic moves:
 Ultrajaya fully supports the Government's MBG program
 Strengthen brand and expand market reach to drive revenue growth
   (As Free campaign to increase national milk consumption in the long run)


                      The Plus Point:
                      1) Produced by Ultrajaya, a company with a proven track record of maintaining
                         product quality for over 50 years.
                      2) Contains Fresh Milk, Calcium, and Protein that meet the standards set by the BGN
                         (National Nutrition Institution)
                                                                    Sales MBG – direct order
                        Target Consumer:
                        School-age children (6-18
                        years old)

                        NOT FOR GENERAL SALE



                                                             JUL    AGU       SEP   OKT   NOV   DEC-est.
                                                                                                            23
Page 58
                  New Facilities – UJ MM2100
As a strategic move:
- Increase production and warehouse capacity and support distribution
- Sustainable investment to improve operational efficiency, Productivity and integrate ESG Initiative
                                                                                                           Area Factory
                                                                                                            +/- 38,000 m2
                                                  Total Area                    : 200.000 m2
                                                  Building & Facility Area     : 73.000 m2                 Capacity
                                                  Open Space                   : 127.000 m2                 Total        : 400 kT / year
                                                                                                               - Phase I : 200 kT / year
                                                           Area Warehouse                                  System
                                                            +/- 25,000 m2                                     ERP (Enterprise Resource Planning) Oracle
                                                                                                              HRIS (Human Resources Information System)
                                                           Capacity                                           Automatic GEA Processing
                                                             36,940 Pallet position                           Fresh Milk Reception
                                                           System                                             Tetrapak Technology
                                                              ERP (Enterprise Resource Planning) Oracle      Robotic + AGV (Automatic Guided Vehicle)
                                                              ASRS (Automated Storage & Retrieval            MES (Manufacturing Execution System)
                                                               Systems)                                       AI (Artificial Intelligent) Camera
                                                              15 levels Rack FG
                                                              14 Levels Rack RMPM




                                  Location :
                                   Jln. Irian XV, Blok RR No.15,
                                   MM2100 Industrial Estate,
                                   Cibitung, Jawa Barat.

                                                                                                                                                           24
Page 59
                   New Facilities – UJ MM2100
 Also as a strategic move:                                                Target 5-0-0-0:
 - Implementation of ESG Initiatives
 Systems & Technology:
    Industrial 4.0
    Improving efficiency, productivity, and innovation in industry
    Automation (Robotics) machinery and material handling
    Internet of Things (IoT), integrated systems
 Enhancing Efficiency and Productivity                                        Top 5 Best UHT Factory in the world (Quality & Cost Efficiency)
 Environmentally friendly (waste management, emission reduction)              Zero Accident (Excellent workplace safety through incident prevention
                                                                                and strong Occupational Safety and Health - OSH culture)
                                                                               Zero Waste (Cost efficiency and waste minimization throughout entire
                                                                                operation process)
                                                                               Zero Carbon Emission (Sustainability commitment and environmental
                                                                                responsibility)

                                           Water & Waste Management Initiatives:

                                           o Rain Water Harvesting
                                             Utilization and collection of rainwater as an alternative water source.
                                           o Closed-Loop Water System
                                             Production management system with high-efficiency water recycling
                                             (efficiency rate above 95%)
                                           o Biological Wastewater Treatment
                                             Wastewater treatment system using aerobic and anaerobic bacteria
                                                                                                                                                    25
Page 60
                 New Facilities – UJ MM2100
Documentation:




                  Factory                Warehouse
                                                     26
Page 61
Corporate Action 2025




                        27
Page 62
                             Corporate Action 2025


                                          Dividend distribution

                           Based on AGMS dated 02 May 2025
                           Dividend Value: Rp 45,-per share
                           Number of Shares 10.398.175.200 shares
                           Total Dividend Rp 467,9 bilion atau 40,6% of 2024 net profit
                           Payment date: 28 May 2025
                           .

            Dividend per share                                                             Dividend Payout Ratio
50                                             45                         45%                                      41%
45                               40                                       40%                       35%
40                                                                        35%
                                                                                          32%
35                  30                                                    30%
30   25                                                                   25%      20%
25                                                                        20%
20
                                                                          15%
15
                                                                          10%
10
 5                                                                         5%
 0                                                                         0%

     2022          2023          2024         2025                                 2022   2023      2024           2025




                                                                                                                          28
Page 63
Financial Report
Highlights




                   29
Page 64
   Balance Sheet
                                  As of Dec 31st             As of Sept 30th
((in IDR million)               2023             2024       3Q24           3Q25
Current assets
Cash                               2.174.324    2.434.322    2.443.724    2.546.167
Trade receivables                    710.304      818.519      694.667      765.164
Inventories                        1.431.226    1.389.673    1.256.014    1.236.417
Others                                95.621      227.234      170.779      119.761
Total current assets               4.411.475    4.869.748    4.565.184    4.667.509
Non-current assets
Fixed assets                       2.346.120    2.460.538    2.448.419    3.153.621
Investment in associates             111.185      132.526      131.273      156.149
Other non-current assets             655.176      998.553      746.961      597.828
Total non-current assets           3.112.481    3.591.617    3.326.653    3.907.598
Total assets                       7.523.956    8.461.365    7.891.837    8.575.107
Current liabilities
Trade and other payables             465.275      555.145      464.020      384.578
ST loans                               1.567        1.694        1.662        1.592
Current portion of LT Lease           10.358        9.093        5.941        8.665
Other current liabilities            236.193      336.882      147.411      125.631
Total current liabilities            713.393      902.814      619.034      520.466
Non-current liabilities
LT Lease                              18.976       27.061       15.092       19.328
Deferred tax                           2.529        7.384        2.435        8.411
Other                                102.090       97.188      109.484       93.043
Total non-current liabilities        123.595      131.633      127.011      120.782
Total Liabilities                    836.988    1.034.447      746.045      641.248

Minority interest                     86.159       87.688       82.107       88.345
Equity                             6.600.809    7.339.230    7.063.685    7.845.514
Total Liabilities and Equity       7.523.956    8.461.365    7.891.837    8.575.107   30
Page 65
Income Statement
(in IDR million)                    FY2023         FY2024          3Q24            3Q25
Revenue                               8.302.741        8.874.202      6.582.915       6.237.682
COGS                                 (5.611.170)     (5.852.425)    (4.358.497)     (4.180.864)
Gross profit                          2.691.571        3.021.777      2.224.418       2.056.818
Selling expenses                       (982.835)     (1.347.339)      (848.039)       (740.845)

General & administrative expenses
                                      (252.663)        (275.431)      (198.833)      (211.909)
Other expenses & Income                   17.142          49.318        (78.007)        89.814
Total                               (1.218.356)      (1.573.452)    (1.124.879)      (862.940)
Operating Income                      1.473.215        1.448.325      1.099.539      1.193.878
Finance income                            69.861          37.424          30.157        28.789
Finance cost                            (46.848)           (127)         (1.426)           (98)
Shares profit in associates / JV          11.057          21.341          20.088        15.423
Profit Before Income Tax              1.507.285       1.506.963      1.148.358       1.237.992
Income tax expenses                   (321.124)       (353.047)      (255.188)       (264.268)

Profit after tax                      1.186.161       1.153.916        893.170         973.724

Profit attributable to:
  Owners of the parent                1.169.212       1.136.624        881.181         960.882
  Non-controlling interest               16.949          17.292         11.989          16.348
EBITDA                                1.646.062       1.621.711      1.230.791       1.330.697    31
Page 66
Cash Flow
(in IDR million)                     FY 2023         FY2024         3Q24          3Q25
Cash flow from operations
Net Cash flow from operating
activities                             1.589.836       1.568.773     1.232.922     1.137.466
Interest income                          124.512         122.932        74.186        72.981
Interest expense                         (45.168)           (127)       (1.426)          (98)
Income tax                             (286.066)       (393.559)     (262.964)     (279.283)
Others                                     13.184        (36.436)         1.264       38.917
Net cash generated from
operating activities                   1.396.298       1.261.583     1.043.982      969.983

Cash flow from investing
Capex                                   (391.908)      (581.136)     (350.836)     (374.177)
Others                                    873.854         23.614        17.808         6.260
Net cash from investing activities        481.946      (557.522)     (333.028)     (367.917)

Cash flow from financing
Payment of Medium – Term Notes          (600.000)              -             -             -
Payment of lease payable                  (11.051)      (12.304)       (9.763)         (102)
Others                                  (341.511)      (431.759)     (431.791)     (490.119)
Net cash from financing activities      (952.562)      (444.063)     (441.554)     (490.221)

Net increase/(decrease) in cash          925.682         259.998       269.400       111.845
Cash at beginning of year/period       1.248.642       2.174.324     2.174.324     2.434.322
Cash at end of year/period             2.174.324       2.434.322     2.443.724     2.546.167

                                                                                                32
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                                                            Disclaimer

These materials are not intended to be a public offering document under Law of the Republic of Indonesia No.8 of 1995 on Capital Markets and its
implementing regulations. Persons into whose possession these materials come are required to inform themselves about and to observe, any restrictions
in distributing these materials. These materials may not be used for the purpose of an offer or an invitation in any circumstances in which such offer or
invitation is not authorized.

This information does not constitute and is not an offer to sell or the solicitation of an offer to buy securities (the “Securities") of PT Ultrajaya Milk
Industry & Trading Company Tbk (the “Ultrajaya”) in the United States or elsewhere. Ultrajaya has not registered and does not intend to register the
Securities under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and the Securities may not be offered or sold in the United States
absent registration under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, registration. Ultrajaya does not intend
to make any public offering of the Securities in the United States or elsewhere.

This document includes forward-looking statements. These statements contain the words "anticipate", "believe", "intend", "estimate", "expect“, “plan”
and words of similar meaning. All statements other than statements of historical facts included in this document, including, without limitation, those
regarding Ultrajaya's financial position, business strategy, plans and objectives of management for future operations (including development plans and
objectives relating to Ultrajaya's business and services) are forward-looking statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ultrajaya to be materially different
from results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding Ultrajaya's present and future business strategies and the environment in which Ultrajaya will operate, and must be
read together with those assumptions.

These forward-looking statements speak only as at the date of this document. Predictions, projections or forecasts of the economy or economic trends
of the markets are not necessarily indicative of the future or likely performance of Ultrajaya. Past performance is not necessarily indicative of future
performance. The future financial performance of Ultrajaya is not guaranteed. You are cautioned not to place undue reliance on these forward-looking
statements, which are based on the current views of Ultrajaya on future events. Ultrajaya expressly disclaims any obligation or undertaking to
disseminate any updates or revisions, except as required by law, to any forward-looking statements contained herein to reflect any change in Ultrajaya's
expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Page 68
THANK YOU


   investor-relations@ultrajaya.co.id

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Names mentioned 24 people and organisations named in the text · linked when the evidence is strong

linked — Sabana Prawirawidjaja p.7 ×2
linked org Campina Ice Cream Industry p.7 ×3
linked person EVITA PUSPITASARI p.7 ×2
possible org Bursa Efek Indonesia p.4
possible person Samudera Prawirawidjaja p.7 ×2
unresolved org PT Ultrajaya Milk Industry p.1 ×4
unresolved org Trading Company Tbk p.1 ×4
unresolved org PT Kraft p.7
unresolved org PT Campina Ice Cream p.7
unresolved org PT Kraft Ultrajaya p.7
unresolved org PT Ito En Ultrajaya p.7 ×2
unresolved org PT Ito En p.7
unresolved org PT Indomilk Wholesale p.7
unresolved org PT UPBS p.7 ×2
unresolved org PT USDF · Komisaris p.7 ×4
unresolved org PT Campina Ice Cream Industry SUPIANDI p.7
unresolved person PRAWIRAWIDJAJA · Komisaris Independen p.7 ×2
unresolved org Staf Ahli KAP Jojo Sunaryo & Rekan p.7
unresolved org Jojo Sunaryo p.7 ×2
unresolved org Gizi Nasional p.23
unresolved org Indonesia Stock Exchange p.38
unresolved org PT Ito p.41
unresolved org PT Indomilk p.41
unresolved org Jojo Sunaryo & Rekan p.41

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