20250930_DOID_Laporan Informasi dan Fakta Material_31953417_lamp1.pdf

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PRESS RELEASE FOR IMMEDIATE DISTRIBUTION

BUMA Interna,onal Group 1H 2025 Results Demonstrate
Strong Recovery in 2Q25
Jakarta, 30 September 2025 – PT BUMA Internasional Grup Tbk (BUMA InternaGonal Group, IDX:
DOID, “the Group”) today announced its audited consolidated results for the ﬁrst half of 2025 (“1H25”).
While major operaAonal and weather-related disrupAons signiﬁcantly impacted the ﬁrst quarter, the
Group delivered a strong recovery in the second quarter, marked by higher producAon, eﬃciency
improvements, and posiAve free cash ﬂow, despite conAnued rain challenges.

2Q25 Results: Strong Recovery Supported by Fundamental Improvements
The Group recorded EBITDA of US$50 million in the 2Q25, more than three times the EBITDA generated
in 1Q25. Overburden removal increased to 108 million bcm (mbcm) and coal production reached 20
million tonnes (mt), both up 8% quarter-on-quarter (QoQ) as weather conditions eased and operations
stabilized. Revenue rose to US$378 million, up 8% QoQ in line with higher volumes, while the net loss
narrowed to US$10 million, with the Group achieving monthly profitability in May and June. Free cash
flow turned positive at US$24 million, compared to negative US$19 million in 1Q25, while the cash
balance remained solid at US$221 million. This recovery was underpinned by stronger operational
discipline and cost efficiency.

The severe disruptions in 1Q25 reinforced the Group’s focus on strengthening fundamentals, leading
to decisive actions in 2Q25 that delivered measurable gains in performance and improved cash flow
across Indonesian operations, even as rain challenges persisted. Effective work hours increased by 31%
between January and July, driven by higher equipment availability and utilization. Total standby hours1
were reduced 43% by July as bottlenecks in disposals, roads, and geology were addressed, while cycle
times shortened 12% over the same period, reflecting smoother haul roads and improved driving
discipline. These improvements translated into higher volumes: overburden removal rose from 33
mbcm in April to 38 mbcm in June, and further to 44 mbcm in July and 43 mbcm in August, more than
25% above the 1Q25 average. Coal production averaged 6.4–7.5 mt per month since May, largely
supported by stronger recovery performance in Indonesia.

Cost efficiency was also strengthened. Unit cash costs fell in 2Q25, with further improvement by August
delivering a 28% reduction since January, directly supporting margin recovery. Manpower cost per bcm
decreased 42% by August, driven by disciplined shift management and more efficient operator
allocation2. Fuel cost per bcm reduced by 17% by August, reflecting a 9% reduction in fuel consumption
and an 8% decrease in fuel prices. Repair and maintenance cost per bcm was also down by 13%,
supported by health monitoring equipment and a 17% extension in major components life.

Iwan Fuad Salim, Director of BUMA International Group, stated, “Our second-quarter 2025 results
demonstrate that the recovery plan is delivering tangible progress. By strengthening our operational
fundamentals and reducing the impact of rain disruptions, we improved reliability and restored

1
Idle &me when equipment is ready but held up by external constraints.
2 Excluding severance, the decline was 31%

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monthly profitability toward the end of the quarter. This operational discipline provides a stronger
foundation for sustained momentum in the months ahead.”

1H25 Performance Weighed Down by Q125 Disruptions
On a year-on-year (YoY) basis, 1H25 results reflected the impact of unprecedented major operational
disruptions in 1Q25. Overburden removal totaled 209 mbcm, down 23% YoY, while coal production
reached 38 mt, down 10% YoY. The decline was mainly due to extreme weather and safety-related
closures from other parAes in 1Q25.

Revenue stood at US$730 million, down 15% YoY, primarily due to lower volumes, partly offset by 3%
YoY higher average selling prices (ASP) from the mining-contractor business and contributions from
the mining-owner business. Revenue from the contracting business proved more resilient, as the
majority of contracts are protected against inflation and weaker coal prices, underscoring the strength
of the Group’s portfolio.

EBITDA in 1H25 was US$64 million, with an 11% margin compared to 22% in 1H24. The Group recorded
a net loss of US$80 million, mainly driven by lower EBITDA and receivable provisions for the Australian
operaAons. These impacts were partly oﬀset by favorable foreign exchange movements, fair value gains
from the investments in 29Metals, lower interest expense, higher tax beneﬁts, and reduced
depreciaAon from lease expiraAons and site closures.

The Group’s capital expenditure rose 40% YoY to US$111 million, with US$53 million allocated to
growth sites and US$58 million for maintenance. Free cash flow significantly improved to a positive
US$5 million, compared to a negative US$47 million in 1H24.

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