20251027_ANTM_Laporan Informasi dan Fakta Material_31979970_lamp2.pdf

2,455% increase from the 9M24 period. This achievement demonstrates the Company’s
effectiveness in generating positive cash flow from its core operations.

Solid Operational Performance Supporting Sustainable Growth

The Company consistently applies operational excellence management focused on efficiency and
innovation to achieve operational performance growth. Amid challenges in the domestic mining
industry, ANTAM managed to deliver optimal operational performance thr oughout 9M25.

ANTAM recorded revenue growth from commodity sales (“Sales ”) of gold, nickel, and bauxite a 67%
to Rp72.03 trillion in 9M25 compared to Sales in the 9M24 period of Rp43.20 trillion. ANTAM's
domestic Sales in 9M25 contributed Rp69.31 trillion, equivalent to 96% of ANTAM's total net Sales
for the 9M25 period. The growth in domestic Sales reflects the C ompany's consistent strategy of
strengthening the domestic market for gold, nickel ore, and bauxite ore products.

Driven by solid domestic demand, ANTAM’s gold sales in 9M25 remained solid, with pric e levels
influenced by global geo -economic and geopolitical dynamics . In line with this momentum, the
gold segment contributed approximately 81% to ANTAM’s total Sales in 9M25. Gold sales in 9M25
also increased by 64%, reaching Rp58.67 trillion compared to Rp35.70 trillion in 9M24.

Effective marketing strategies, product innovation, and strengthening of domestic market share
contributed to a 20% increase in ANTAM’s gold sales in 9M25 or reaching 34,164 kg (1,098,398 troy
oz.), compared to gold sales in 9M4 reached 28,567 kg (918,450 troy oz.) . Meanwhile, gold
production from the Company’s mine was recorded at 590 kg (18,969 troy oz.).

In 9M25, the nickel segment (ferronickel and nickel ore products) contributed 15% or Rp11.15 trillion
to the Company’s total Sales, an 83% increase compared to Rp6.10 trillion in 9M24. This positive
performance was supported by strong domestic demand for ANTAM’s nickel ore, known for its
reliable quality and specifications, which are essential for smelters to maintain process sta    bility,
efficiency, and operational continuity. This condition reinforces ANTAM’s strategic role in
supporting the sustainability of the national downstream nickel industry ecosystem and
strengthening its position as a key raw material supplier for Indones ia’s nickel processing industry.

Nickel ore production in 9M25 reached 12.55 million wet metric tons (wmt), an increase of 72% from
nickel ore production in 9M24 of 7.30 million wmt. Meanwhile, nickel ore sales in 9M25 reached
11.23 million wmt, an increase of 97% compared to nickel ore sales in 9M24 of 5.71 million wmt. For
ferronickel production, ANTAM successfully recorded optimal ferronickel production and sales in
9M25, with production reaching 13,309 tons of nickel in ferronickel (TNi) and sales reaching 8,182
TNi.

The bauxite and alumina segment contributed 3% to ANTAM's total           Sales in 9M25, with Sales
reaching Rp1.95 trillion. Sales in the bauxite and alumina segment increased by 68% compared to



For further information please contact
Wisnu Danandi Haryanto
Corporate Secretary
E-mail: corsec@antam.com
www.antam.com

Sales in the bauxite and alumina segment in 9M24, which amounted to          Rp1.16 trillion. In 9M5,
ANTAM recorded growth in bauxite production volume used as raw material for Chemical Grade
Alumina (“CGA”) and sales to domestic customers reached 2.31 million wmt, a significant increase
of 263% from the bauxite production in 9M24 of 637,713 wmt. Meanwhile, bauxite sales in 9M25
were recorded at 1.10 million wmt, a significant increase of 1,033% from the 9M24 bauxite sales
achievement of 97,430 wmt.

ANTAM t hrough its subsidiary, PT Indonesia Chemical Alumina,   recorded alumina production in
9M25 of 134,224 tons of alumina , a 27% increase from 105,883 tons of alumina in 9M24. Alumina
sales volume in 9M25 reached 134,768 tons, up 1% from 133,065 tons of alumina in 9M24.

Realizing Added Value for the Company through Sustainability Implementation

ANTAM recorded improvements in its Environmental, Social, and Governance (ESG) performance,
as reflected in the decline in its Sustainalytics risk score from high risk to medium risk, based on data
from the Sustainalytics ESG Risk Rating Report. This refle cts strengthened risk management, better
information disclosure, and increasingly solid corporate governance.

As a manifestation of its commitment to sustainability , in 9M25 period, ANTAM participated in
mangrove planting activities in West Kalimantan       , and implemented mangrove ecosystem
conservation programs in its operational areas through mangrove rehabilitation and planting
programs in the coastal areas of Southeast Sulawesi, North Maluku, and Southwest Papua. In
addition, the commitment to sustainab ility was also realized through the implementation of Social
and Environmental Responsibility programs through the Urban Farming Collaboration Program and
Clean-up Activitie s in commemoration of World Rivers Day.

ANTAM continues to strengthen its sustainability initiatives through various strategic ESG programs,
including energy and water efficiency, waste management, community empowerment,
enhancement of good corporate governance, and improvements in employee safe              ty and well -
being. ANTAM is committed to maintaining this positive momentum by continuously reinforcing
ESG practices in line with global standards across all aspects of its operations.

Implementation of the Company’s Downstreaming Strategy

ANTAM is committed to strengthening national mineral downstreaming and creating sustainable
added value for Indonesia’s economy through various downstreaming projects developed by the
Company.

In the gold commodity , ANTAM continues to advance the development of a precious metals
manufacturing facility at the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java.
This project aims to enhance the added value of the Company’s gold commodities by incr easing the




For further information please contact
Wisnu Danandi Haryanto
Corporate Secretary
E-mail: corsec@antam.com
www.antam.com

production capacity of Logam Mulia manufacturing, in line with the Company’s commitment to
meet growing market demand and expand gold market development.

To ensure the continuity of raw material supply and strengthen the gold supply chain, ANTAM and
PT Freeport Indonesia (PTFI) signed a gold sales agreement in November 2024 for 30 tons of gold
per year with a purity level of 99.99%. In addition, ANTAM is ex ploring opportunities to purchase
gold from other sources within Indonesia to further strengthen the raw material supply chain for
domestic gold sales.

In the nickel commodity, f ollowing the inauguration of the integrated battery plant construction in
Karawang, West Java, and East Halmahera, North Maluku on June 29, 2025, ANTAM ensured
readiness to enter the construction phase during the third quarter of 2025         marking the next
milestone in the development of the national battery ecosystem.

In the bauxite commodity , ANTAM is committed to supporting downstreaming through the Smelter
Grade Alumina Refinery (SGAR) Project in Mempawah. To ensuring operational readiness, ANTAM
provides a stable bauxite supply to sustain alumina output       during the commissioning stage .
Additionally, a trial shipment of alumina to the alumin    ium smelter in Kuala Tanjung has been
conducted as part of the integrated supply chain testing.

ANTAM is committed to strengthening competitiveness, increasing the added value of national
mineral commodities, and contributing positively to Indonesia's future economic growth through
various sustainable development initiatives.


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For further information please contact
Wisnu Danandi Haryanto
Corporate Secretary
E-mail: corsec@antam.com
www.antam.com