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PUBLIC EXPOSE 2025 Earnings Call YTD Sept 2025 PT Garuda Indonesia (Persero) Tbk 27 November 2025
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DISCLAIMER
This presentation material was prepared by PT Garuda Indonesia (Persero) Tbk. (“GIAA”/“Company”) and has not been independently
verified. No representation or warranty. express or implied. is made and no reliance is made on the accuracy or completeness of the
information presented or contained in this presentation material. The Company and its affiliated companies. and or representatives of
the Company are not responsible for any losses arising from the information presented or contained in this presentation material.
The information presented or contained in these presentation materials is subject to change without notice and its accuracy is not
guaranteed. This presentation material contains statements which are forward-looking statements. These statements include a
description of the Company's hopes and expectations in relation to the consolidated results of operations. the Company's future
performance. and the potential assets to be acquired by the Company. except for historical matters. In this presentation material. there are
words such as “plan”. “will”. “estimate”. “project”. “intend”. or words with similar meaning. Such forward-looking statements do not
guarantee future performance and involve risks and uncertainties. and differ from actual results. The Company has no obligation and
does not revise any forward-looking statements to reflect future events/conditions.
This presentation material is made for informational purposes only and does not constitute or form part of any solicitation. offer or
invitation to purchase or subscribe to any securities of the Company in any jurisdiction or form the basis. commitments and
contracts of any kind. or any investment decision. Any decision to purchase the Company's securities must be made by seeking
appropriate professional advice.
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❖ About Garuda Indonesia 1
❖ Management Highlight 2
Chapter of Contents ❖ Financial & Operational Highlight 3
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About Garuda Indonesia
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Board of Commissioner (BoC)
Fadjar Prasetyo
President Commissioner concurrently as Independent Commissioner
• President Commissioner of PT Dirgantara Indonesia (2021 - 2024)
• Chief of staff of the Indonesian Air Force (2020 - 2024)
Chairal Tanjung
Commissioner
• Director of CT Corp. (2000 - Present)
• Finance Manager of CT Corp. (1992 - 2000)
• BPKP Auditor (1987 - 1982)
Mawardi Yahya
Independent Commissioner
• Deputy Governor of South Sumatra (2018 - 2023)
• Regent of Ogan Ilir (2005 - 2015)
• Chairman of the Local People’s Representative Council (DPRD) Ogan Ilir (1999 -
2005)
Frans Dicky Tamara
Commissioner
• Head of Planning and Finance Bureau, Secretariat General of Ministry of Defence (2023 - 2024)
• Head of Logistic and Maintenance Division, General Affairs Bureau of Ministry of Defence (2021)
• Head of Administraion Division, Center for Defence Financial Reporting and Development of Ministry Defence
(2018 - 2021)
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Board of Director (BoD)
Glenny H. Kairupan Thomas Sugiarto Oentoro
President Director & CEO Vice President Director
• Commisioner of PT Garuda Indonesia (Persero) Tbk (2024 - 2025) • Chief Risk Officer of Indonesia Investment Authority (INA)
• President Commissioner of PT Teknologi Militer Indonesia (2020 - Present) (2024 - Present)
• Member of the Assistance Team, Ministry of Defence (2019 - Present) • Commissioner of PT Garuda Indonesia (Persero) Tbk
• Overseas Assignment/ Strategic Study with the US Army, 25th Division (Hawai) (2023 - 2024)
• Lecturer at the National Resilience Institute (Lemhanas) • Vice President of OCBC Mezzanine Capital Unit
• Intelligence Staff, Security and Law Enforcement Council (Crisis Center), Ministry of (2015 - 2023)
Defence and Security
• Military Resort Commander (Danrem) 073/Makutarama, Salatiga, Central Java
• Deputy Military Resort Commander (Danrem) 164/Wiradharma, Dili, East Timor
Balagopal Kunduvara Reza Aulia Hakim
Director of Finance and Risk Management Director of Commercial
• Commercial Director of PT Gapura Angkasa (2024 - 2025)
• Divisional Vice President Financial Service of Singapore Airlines (2018 - 2025) • Vice President Sales & Distribution of PT Garuda Indonesia
• General Manager Philippines of Singapore Airlines (2017 - 2018) (Persero) Tbk (2019 - 2020)
• Vice President Company Planning & Fuel of Singapore Airlines (2013 - 2017) • General Manager Beijing of PT Garuda Indonesia (Persero) Tbk
(2017 - 2018)
Mukhtaris
Dani Haikal Iriawan Director of Maintenance
Director of Operation • Director of Line Operation of PT GMF Aero Asia, Tbk (2022 - 2025)
• Flight Operations Group Head (2025) • VP Acquisition & Aircraft Management of PT Garuda Indonesia
• Vice President of Corporate Quality, Safety, and Environment (Persero) Tbk (2018 - 2022)
Management (2018 - 2022) • VP Aircraft Maintenance Management of PT Garuda Indonesia
• Senior Manager of Incident Management (2016 - 2018) (Persero) Tbk (2015 - 2018)
• Senior Manager of Incident Management (2010 - 2016)
Neil Raymond Mills
Eksitarino Irianto Director of Transformation
Director of Human Capital and Corporate Service • Chief Procurement Officer & Head of Transformation
• Human Capital Management Group Head of PT Garuda Indonesia Scandinavian Airline System (2024 - 2025)
(Persero) Tbk (2020 - 2024) • Expert Witness and Airline Transformation Consultant of NM
• SM Line Station Management of PT Garuda Indonesia (Persero) Aviation Limited (2021 - 2024)
Tbk (2018 - 2020) • President and COO of Green Africa Airways (2019 - 2021)
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CHAPTER 2: Management Highlight
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Strengthening Financial and Operational Performance
to Deliver a Sustainable Aviation Group
*Domestic Network : Sustainable Growth Garuda Miles
YTD Sep ‘25 achieved 2,353,953 member and 113 total partners
5 2 Domestic Routes
38 Destinations
Certified Listed
Purpose of Travelers
Business Travelers 46%
Leisure Travelers 27%
Preference Cabin
(Economy) 91%
OTP 82%
Contribute to holding company’s financial result
*Strengthening Presence in Key International Markets
Rating Member of
20 Domestic Routes
15 Destinations
BBB
(Stable)
Purpose of Travelers
Business Travelers 19%
Leisure Travelers 57% SPA (Special Prorate
Partnership
Codeshare Agreement)
Preference Cabin
(Economy) 79% 21 Partners Alliance Skyteam 17 Partners
70 Partners
OTP 82% 2 Partners
1228 Routes Strategic Partners
*Garuda Indonesia Routes 8
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HIGHLIGHTS OF GARUDA INDONESIA'S KEY EVENTS IN 9M 2025
18 JANUARY 25 MARCH 11 JULY 16 AUGUTS
Garuda Indonesia Group Supports “Makan
Garuda Indonesia
Bergizi” launches
(Nutritious Meals)aProgram
special inlivery Garuda Miles was recognized as one of the best Garuda Indonesia posted a 96.2% on-time Garuda Indonesia and Cap Bali unveiled an
collaboration with Tahilalats.
Tangerang City Area. frequent-flyer programs by DestinAsian performance for its 2025 Hajj flights 80th-anniversary special livery
11 FEBRUARY 29 APRIL 27 JULY 9 SEPTEMBER
Singapore Tourism Board, Garuda Indonesia, and Garuda Indonesia renewed its Pharmaceutical Garuda Indonesia, Mitsubishi Motors, and Garuda Indonesia joins TIACA as the first
Changi Airport launched their first travel partnership GDP certification for pharma cargo Tahilalats launch “Sky Explorer” IP Indonesian airline
26 FEBRUARY 16 JUNE 13 AUGUST
30 SEPTEMBER
Garuda Indonesia and Emirates expand Garuda Indonesia maintains performance with Garuda Indonesia ships first domestic
partnership to enhance loyalty programs a stable “idBBB” rating from PEFINDO radiopharmaceuticals for the health program Garuda Indonesia partners with WebCargo
Freightos to grow Asian cargo market
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PERFORMANCE ACHIEVEMENT & RECOGNITION 9M 2025
Top 10 IOSA Good Distribution Practice (GDP) Changi Airline Awards 2025
IDBBB Rating Stable
Best Frequent-Flyer Program 2025 – Renewal 2025–2027 – IATA Pharmaceutical Products Certification 2025– Top Southeast Asia Airline by
DestinAsian 2028 – Sucofindo Garuda Indonesia earns stable “IDBBB”
Passenger Growth
rating from Pefindo.
Freddie Awards Katadata ESG Index (KESGI)
Stellar Workplace Award 2025 ISO/IEC 27001:2022
Ranked 104th Awards 2025 CEIV Live Animals IATA
Program of the Year, Best Customer Service
& Best Redemption (Middle East & Employee Commitment & Satisfaction Information Security Management
Fortune Southeast Asia 500 Category: Transportation and Logistics 2025-2026 Period
Asia/Oceania) System
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Capital Injection Overview
Capital Injection Structure & Use of Proceed Resulting Capital Structure
• Share Holder Loan (SHL), Conversion USD 405 Million (Rp 6.65T)
Resulting
• Public ownership Capital
decreases fromStructure
27,47% 7,96%,
• Cash Injection : USD 1.026B (Rp 17.02T)
• TOTAL : Rp 23.67T
(meets IDX Free float requirements)
• Total outstanding share become 407 Billion
Use of Proceed (UoP) • Authorized capital increases to Rp 100T
• Maintenance Citilink : 47%
• Maintenance Garuda Indonesa : 37%
• Citilink Payables to Pertamina : 16%
Strategic Purpose
Strategic Purpose
• Strengthening equity and enhancing liquidity
• Sustaining operational recovery and business continuity
• Improving fleet serviceability and reliability
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Transforming Garuda Indonesia into a world-class flag carrier and the pride of the nation
Service Transformation Business Transformation
Seamless, world-class service experience Competitive & financially resilient airline
Operational Transformation Digital Transformation
High-performing and dependable operations Smart, connected, data-driven airline
Note : Derived from Danantara’s Strategic Direction
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Garuda Indonesia’s Sustainability Initiatives
Environmental Social
• Gender equality
• Carbon Neutral Flight 75th • Capability developments aligned with
• The Waste Management Challenge Sustainability goals
• Carbon Registration on IDX • TJSL programs aligned with SDGs and creating
• Environmental Initiatives shared value.
• Commited to SAF (Sustainable Aviation Fuel) studies • Implementation of SMS (Safety Management
System) and SMK3, supported by the OHS
Committee (P2K3) as the responsible body
Carbon Savings YTD Sept’25
Governance
• CO2 : 28,753.64 tCO2e
• Governance led by GMS, BoC & BoD, with GCG • Fuel Savings : 28,74493 tCO2e
units and ESG Committee support Capability • Plasticpay : 2.85 tCo2e
developments aligned with Sustainability goals • Rekosistem : 5.87 tCo2e
• Environmental & ESG risks integrated into ERM. • SAF Usage 0.0398% implemented on AMS-
• Sustainability Report published with CGK Flight
independent assurance.
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Fleet Structure As Of October, 31 2025
Garuda Indonesia Aircraft Serviceability Type
B777-300 6
A330 Series 11
Total Wide Body 17
B737-8 1
B737-800 38
Total Narrow Body 39
Total All Aircraft 56
Citilink Aircraft Serviceability Type
A320 Neo 2
A320-200 27
ATR 72-600 2
Total All Aircraft 31
Notes :
Garuda Indonesia : Total Fleet 78 aircraft, consisting of 46 narrow-body and 32 wide-body units, include 6 owned aircraft that are currently in the phase-out process.
Citilink : Total fleet 64 aircraft, consisting of 56 Airbus Series, 7 turboprops, 1 freighter, include 7 owned aircraft that are currently in the phase-out process
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CHAPTER 3: Financial & Operational Highlight
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THE GROUP’S OPERATING REVENUE HIGHLIGHT
Passenger Revenue +14.46%
Cargo Revenue
In USD million +5.32% +2.12%
In USD million Total Revenue
In USD million
618,91
563,06
540,71
41,88 842,16
40,63
39,76
824,64
1Q 2025 2Q 2025 3Q 2025 1Q 2025 2Q 2025 3Q 2025
Charter Revenue Others Revenue
In USD million In USD million +14,89%
+352.19%
723,56
87,65
81,92
66,68 76,29
37,96
1Q 2025 2Q 2025 3Q 2025
14,75
1Q 2025 2Q 2025 3Q 2025 1Q 2025 2Q 2025 3Q 2025
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THE GROUP’S OPERATIONAL PERFORMANCE HIGHLIGHT
Passenger Carried Cargo Carried
In million passenger In Ton
58,146
5,37
* +3.47%
5,19
* -2.09%
54,562
5,12
53,420
Available Seat Kilometer (ASK)
In billion ASK
1Q 2025 2Q 2025 3Q 2025 1Q 2025 2Q 2025 3Q 2025
10,14
9,61
* +15.75%
Pax Yield
Available Seat Kilometer (ASK) Usc
8,76
In billion ASK
1Q 2025 2Q 2025 3Q 2025 7,69
44,05
43,63
* -6.58%
* -0.95% 7,29
7,19
40,45
1Q 2025 2Q 2025 3Q 2025
1Q 2025 2Q 2025 3Q 2025
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THE GROUP’S OPERATING EXPENSES HIGHLIGHT
Fuel Burn CASK
In million liter (COST AVAILABLE SEAT KILOMETERS)
Usc
6,95
338,48 +16,32%
316,9 -2.88%
6,79
291 6,750
1Q 2025 2Q 2025 3Q 2025 1Q 2025 2Q 2025 3Q 2025
CASK EXC FUEL
Total Operating Expenses
(COST AVAILABLE SEAT KILOMETERS EXC FUEL)
In Million
Usc
786,36 782,16
4,79
-0.53%
-4,59%
4,57 718,35
4,51
1Q 2025 2Q 2025 3Q 2025
1Q 2025 2Q 2025 3Q 2025
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FINANCIAL 9 Months 2025
3Q25 YoY Performance 9Mo25 YoY Performance
Revenue
$ 842,15 mn $ 2.390,3 mn
-10,53% YoY -6,70% YoY
Operating
Income
$ 68,28 mn $ 139,27 mn
-23,62% YoY -35,48% YoY
Net Income $- 37,93 mn $ -180,77 mn
-29,65% YoY -39,47% YoY
EBITDA $ 235,82 mn $ 646,73 mn
-12,44% YoY -5,70% YoY
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Question & Answer Session
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APPENDICES
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CONSOLIDATED OPERATIONAL PERFORMANCE (1)
INDICATOR 3Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY
OPERATIONAL
*Utilization (hour) 09:00 07:51 09:12 09:59 -00:11 08:19 09:22 -00:31
*On-Time Perfomance 79,97 87,09 85,01 86,18 6,21 82,34 82,18 -0,16
ASK (Billion) 10,34 9,61 8,76 10,14 -1,92% 29,08 28,48 -2,08%
Seat Load Factor (%) 82,11 78,76 78,23 82,82 4,59 pp 78,48 79,80 1,32 pp
Passenger Carried (million) 6,20 5,12 5,19 5,37 -13,36% 17,73 15,64 -11,79%
Fuel Burn 345,01 316,90 291,00 338,48 -1,89% 963,35 946,37 -1,76%
Frequencies 41.266 36.531 36.783 35.945 -12,89% 122.771 109.259 -11,01%
Cargo uplifted (Thousand ton) 57.572 58.146 54.562 53.420 -7,21% 166.499 166.128 -0,22%
Financial
Revenue Passenger (in Million) 683,1 551,2 527,1 603,5 -11,66% 1.861 1.682 -9,60%
Passenger yield (Usc) 8,05 7,29 7,69 7,19 -10,71% 8,15 7,40 -9,25%
Average Fares (Usd) 110,24 107,57 101,53 112,41 1,97% 104,95 107,55 2,48%
CASK (Usc) 7,04 6,79 6,95 6,75 -4,05% 7,07 6,83 -3,39%
CASK-exc Fuel (Usc) 4,55 4,51 4,79 4,57 0,48% 4,56 4,62 1,32%
Average Fuel Price (US$/L) 74,51 68,81 64,99 65,30 -12,36% 75,64 66,38 -12,24%
Cargo Yield (Usc) 39,72 40,45 44,05 43,63 9,85% 40,14 42,63 6,21%
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CONSOLIDATED OPERATIONAL PERFORMANCE (2)
(Currency in Million USD, except stated otherwise)
Domestic 3Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY
Passenger Carried (Million) 2,34 1,93 2,15 2,37 1,11% 6,47 6,41 -1,03%
ASK (Billion) 2,83 2,47 2,65 2,87 1,51% 8,01 7,99 -0,25%
Seat Load Factor (%) 85,76 78,78 80,16 83,25 -2,51 pp 83,09 80,41 -2,68 pp
Revenue Passenger 237,1 177,5 193,5 217,2 -8,42% 637,5 588,1 -7,75%
Passenger Yield (USc) 9,78 9,11 9,12 9,09 -7,06% 9,58 9,15 -4,43%
Average Fares (US$) 101,24 92,16 90,09 91,70 -9,42% 98,51 91,82 -6,79%
Cargo Uplifted (Thousand Ton) 20.523 21.339 22.711 21.771 6,08% 58.835 65.821 11,87%
CASK (USc) 8,45 8,40 8,01 7,89 -6,61% 8,53 8,09 -5,14%
CASK - excl. Fuel (USc) 5,73 5,86 5,70 5,53 -3,44% 5,79 5,69 -1,68%
Fuel Burn 100,22 86,52 93,26 101,80 1,58% 280,71 281,59 0,31%
Frequencies 15.956 14.390 15.786 16.732 4,86% 44.703 46.908 4,93%
Cargo Yield (USc) 68,34 69,64 67,19 72,91 6,69% 69,19 69,91 1,05%
International 3Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY
Passenger Carried (Million) 0,73 0,72 0,62 0,85 17,05% 1,87 2,19 17,16%
ASK (Billion) 4,13 4,29 3,45 4,96 19,90% 10,74 12,70 18,21%
Seat Load Factor (%) 79,89 80,10 75,05 82,67 2,78 pp 74,45 79,35 4,90 pp
Revenue Passenger 232,5 221,6 180,6 255,1 9,75% 594,4 657,4 10,61%
Passenger Yield (USc) 7,04 6,45 6,97 6,23 -11,54% 7,43 6,53 -12,21%
Average Fares (US$) 319,61 306,92 289,71 299,67 -6,24% 318,45 300,65 -5,59%
Cargo Uplifted (Thousand Ton) 15.757 13.377 9.778 12.107 -23,17% 43.717 35.262 -19,34%
CASK (USc) 6,61 6,31 6,63 6,15 -7,06% 6,80 6,33 -6,90%
CASK - excl. Fuel (USc) 4,28 4,19 4,59 4,08 -4,71% 4,42 4,26 -3,71%
Fuel Burn 138,81 142,11 114,10 163,27 17,62% 359,81 419,49 16,59%
Frequencies 3.617 3.853 3.851 4.455 23,17% 9.942 12.159 22,30%
Cargo Yield (USc) 22,77 20,97 23,28 23,48 3,10% 22,63 22,49 -0,62% 21
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CONSOLIDATED OPERATIONAL PERFORMANCE (3)
Garuda Indonesia 3Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY
Passenger Carried (Million) 3,07 2,65 2,77 3,22 4,89% 8,34 8,59 3,04%
ASK (Billion) 6,96 6,76 6,10 7,83 12,43% 18,75 20,69 10,32%
Seat Load Factor (%) 82,27 79,62 77,27 82,88 0,61 pp 78,14 79,76 1,62 pp
Revenue Passenger 469,6 399,1 374,1 472,3 0,58% 1.231,9 1.245,5 1,11%
Passenger Yield (USc) 8,20 7,41 7,94 7,28 -11,20% 8,41 7,55 -10,21%
Average Fares (US$) 152,99 150,72 134,99 146,70 -4,11% 147,74 144,97 -1,88%
Cargo Uplifted (Thousand Ton) 36.280 34.716 32.489 33.879 -6,62% 102.552 101.083 -1,43%
CASK (USc) 7,36 7,07 7,23 6,79 -7,79% 7,54 7,01 -7,00%
CASK - excl. Fuel (USc) 4,87 4,80 5,07 4,61 -5,28% 5,00 4,81 -3,88%
Fuel Burn 239,03 228,63 207,36 265,08 10,90% 640,52 701,08 9,46%
Frequencies 19.573 18.243 19.637 21.187 8,25% 54.646 59.067 8,09%
Cargo Yield (USc) 34,99 35,35 39,92 39,19 12,00% 35,54 38,05 7,05%
Citilink 3Q 2024 1Q 2025 2Q 2025 3Q 2025 %YOY 9M 2024 9M 2025 %YOY
Passenger Carried (Million) 3,13 2,48 2,42 2,15 -31,28% 9,39 7,05 -24,96%
ASK (Billion) 3,38 2,84 2,66 2,32 -31,48% 10,33 7,79 -24,58%
Seat Load Factor (%) 81,78 76,71 80,42 82,62 0,85 pp 79,11 79,92 0,81 pp
Revenue Passenger 213,5 152,1 153,0 131,2 -38,56% 628,7 436,3 -30,60%
Passenger Yield (USc) 7,73 6,98 7,14 6,86 -11,26% 7,69 7,00 -8,92%
Average Fares (US$) 68,28 61,42 63,21 61,04 -10,60% 66,95 61,92 -7,51%
Cargo Uplifted (Thousand Ton) 21.292 23.430 22.073 19.542 -8,22% 63.948 65.045 1,72%
CASK (USc) 6,37 6,11 6,31 6,64 4,13% 6,21 6,33 2,08%
CASK - excl. Fuel (USc) 3,90 3,84 4,14 4,45 14,00% 3,76 4,12 9,68%
Fuel Burn 105,98 88,26 83,63 73,40 -30,74% 322,83 245,29 -24,02%
Frequencies 21.693 18.288 17.146 14.758 -31,97% 68.125 50.192 -26,32%
Cargo Yield (USc) 59,60 58,96 57,28 62,91 5,55% 58,22 59,57 2,31%
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Consolidated Statement of Profit (Loss)
(Currency in Million USD, except stated otherwise)
INDICATOR 3Q 2024 1Q 2025 2Q 2025 3Q 2025 *% YOY 9M 2024 (Unaudited) 9M 2025 (Unaudited) % YOY**
Schedule Airline Service 741,74 603,69 580,47 660,79 -10,91% 2,016.93 1844,95 -8,53%
Non Schedule Airline Service 113,19 37,96 167,88 93,72 -17,20% 291,16 299,56 2,89%
Others* 86,37 81,92 76,29 87,65 1,48% 253,94 245,86 -3,18%
Operating Revenue 941,29 723,56 824,64 842,16 -10,53% 2562,02 2390,36 -6,70%
EXPENSES
Fuel 300,79 233,42 238,36 250,36 -16,77% 836,31 722,14 -13,65%
Depreciation Expense 26,17 3,89 36,76 15,24 -41,77% 73,55 55,89 -24,01%
Others 523,10 481,05 511,26 516,56 -1,25% 1472,84 1508,86 2,45%
Total Expense 850,06 718,36 786,37 782,16 -7,99% 2382,70 2286,89 -4,02%
PROFIT / (LOSS)
EBIT 89,40 31,61 39,38 68,28 -23,62% 215,87 139,27 -35,48%
EBT -35,11 -88,74 -73,56 -49,42 -40,76% -148,07 -211,71 -42,98%
Net Income/ (loss) -29,26 -75,93 -66,91 -37,93 -29,63% -129,61 -180,77 -39,47%
Comprehensive Income -22,15 -78,70 -66,05 -40,74 -83,93% -127,66 -185,49 -45,30%
EBITDA Margin (%) 28,61% 27,18% 25,98% 28,00% -2,13% 26,77% 27,06% 1,08%
*% Chg : 3Q 2025 compare to 3Q 2024
**% Chg : 9M 2025 compare to 9M 2024 13
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Consolidated Statement of Financial Position
(Currency in Million USD, except stated otherwise)
INDICATOR FY 2024 3M 2025 *%Chg. 6M 2025 **%Chg. 9M 2025 ***%Chg.
ASSETS
Current Assets 553,91 576,21 4,03% 581,20 4,93% 685,47 23,75%
Non current assets 6064,70 5882,04 -3,01% 5933,23 -2,17% 6.065,63 0,02%
Total Assets 6618,60 6458,25 -2,42% 6514,43 -1,57% 6.751,10 2,00%
Liability
Current liabilities 1173,27 1259,88 7,38% 1318,11 12,34% 1.248,09 6,38%
Non current liabilities 6797,24 6628,96 -2,48% 6692,73 -1,54% 7.040,40 3,58%
Total liabilities 7970,51 7888,84 -1,02% 8010,85 0,51% 8.288,49 3,99%
Equity
Total Equity -1351,90 -1430,60 -5,82% -1496,42 -10,69% -1.537,39 -13,72%
Total Liabilities & Equities 6618,61 6458,25 -2,42% 6514,43 -1,57% 6.751,10 2,00%
*% Chg : 3M 2025 compare to FY 2024
**% Chg : 6M 2025 compare to FY 2024
***% Chg : 9M 2025 compare to FY 2024
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Consolidated Statement of Cash Flow
(Currency in Million USD, except stated otherwise)
INDICATOR 3Q 2024 1Q 2025 2Q 2025 3Q 2025 *%YOY 9M 2024 (Unaudited) 9M 2025 (Unaudited) **%YOY
Beginning cash 229,12 219,17 223,77 211,28 -7,79% 289,85 219,17 -24,38%
Cash from operating activities 147,63 162,28 141,06 63,72 -56,84% 382,69 367,05 -4,09%
Cash from investing activities -108,77 -97,04 -84,27 -354,11 -225,57% -267,95 -535,42 -99,82%
Cash from financing activities -72,71 -58,34 -70,04 328,17 551,32% -194,92 199,79 202,50%
Net Increase (Decrease) in cash -33,85 6,90 -13,25 37,78 211,60% -80,18 31,43 139,20%
Effect of Foreign Exchange Rate 15,89 -2,31 0,76 -5,92 -137,25% 1,49 -7,47 -599,90%
Ending cash 211,16 223,77 211,28 243,14 15,15% 211,16 243,14 15,15%
*% Chg : 3Q 2025 compare to 3Q 2024
**% Chg : 9M 2025 compare to 9M 2024
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Thank You
INVESTOR RELATIONS & FINANCIAL ANALYSIS
Management Building 3rd floor,
Garuda City, Soekarno-Hatta
International Airport,
Jakarta
Names mentioned 20 people and organisations named in the text · linked when the evidence is strong
unresolved
—
BoC
· Commissioner
p.5
unresolved
org
PT Dirgantara Indonesia
p.5
unresolved
org
CT Corp.
p.5 ×2
unresolved
org
Ministry of Defence
p.5 ×3
unresolved
—
BoD
· Director
p.6
unresolved
person
H. Kairupan
p.6
unresolved
org
PT Teknologi Militer Indonesia
p.6
unresolved
org
PT Gapura Angkasa
p.6
unresolved
org
PT GMF Aero Asia
p.6
unresolved
org
Aviation Limited
p.6
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.