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Paparan Publik Tahunan 2025 Annual Public Expose 2025 PT ITSEC Asia Tbk (Perseroan / the Company) Jakarta, 23 Mei 2025
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Table of Contents
1. Ringkasan Bisnis
Executive Summary
2. Ikhtisar Bisnis
Business Overview
3. Makroekonomi & Strategi
Macroeconomics & Strategies
4. Inovasi & Keamanan OT
Innovation & OT Security
5. Ringkasan Kinerja Keuangan
Summary Financial
6. Hasil RUPS Tahunan
AGMS Results
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 1
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Ringkasan Bisnis
Executive Summary
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ITSEC at a Glance
Company Overview Office Locations
ITSEC’s three-stage security ecosystem (Assessment, Implementation
and Analysis) ensures complete and continuous protection of clients’ IT Indonesia, Singapore, Australia, UAE, Mauritius
infrastructure against multiplying cybersecurity threats, and compliance
with increasingly demanding government regulation.
● Founded: 2010
● Operations: Founded in Indonesia, and expanded to Singapore,
Australia, and Mauritius. Currently serves clients in 13 APAC
countries.
● Full Time Staff: 293 employees as of 31 December 2024.
● Listed on the IDX: ITSEC Asia listed on IDX since 8 August 2023.
● Industry Accreditations: verified by Badan Siber & Sandi Negara
(BSSN), accreditation by CREST, ISO 9001, ISO 14001, ISO 27001,
and additionally BizSafe3, AISP and EPPU in Singapore.
Serving 60+ Blue-Chip Clients
ITSEC is a fast-growing cybersecurity group serving blue-chip clients in 13 countries throughout APAC across wide range of Industries:
● Banking ● Telecommunications & IT
● Finance & Insurance ● Government, Energy, E-commerce, Healthcare, and Others
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VISION MISSION
To achieve a market leading position To provide state-of-the-art cybersecurity services
by becoming the most trusted brand and solutions in the fields of information
in the cybersecurity industry. technology (IT) security, operational technology
(OT) security and fraud prevention for banking,
finance, telecommunications, energy,
transportation, manufacturing, and other critical
sectors.
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 4
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ITSEC Asia Milestones
2018
2023 2025
2010 CYBER SECURITY OPERATION
CENTER (CSOC) IPO & NEW SERVICES NEW EXPANSION
● ITSEC Asia established Cyber Security Operation ● ITSEC Asia invests in Initial Public Offering (IPO)
A NEW BEGINNING Center (CSOC) in BSD, Tangerang, in response to the ● ITSEC Asia has launched a new subsidiary
and delivers new services in response to cyber
● ITSEC Asia was established operational needs company - PT ITSEC Cyber Academy
security tendencies.
2017 2022 2024
NEW INVESTOR EXPANSION NEW PRODUCT
● StoneTree, an international trading corporation ● Acquisition of ITSEC Australia Pty. Ltd. (Incorporated in ● ITSEC Asia launches a new product called IntelliBroń
based in Dubai, UAE, has joined as a major 2017) to create Service Centre of Excellence in Australia.
●ITSEC Asia has officially opened its new
investor in ITSEC Asia. representative office in Mauritius
● Acquisition of ITSEC Services Asia Pte. Ltd. (Incorporated
in 2018) to create Service Centre of Excellence in
Singapore.
● The Headquarters of ITSEC Asia relocated from RDTX
Tower to Noble House, Jakarta, Indonesia
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 5
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Ikhtisar Bisnis
Business Overview
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ITSEC Asia Services & Solutions
ITSEC takes a strategic approach in providing complete cyber security solutions to its clients:
Penetration Testing & Red Teaming Audits, Risks, Assurance & Compliance
Simulated cyberattacks to identify weaknesses and improve ITSEC helps organisations to be highly focused with their
your organization's resilience. future security investments.
Managed Security Services Security Solutions Integration
Providing a cost-effective outsourcing option where high Tailored security consulting solutions to assess, strategize, and
quality security solutions can be delivered at pace. optimize your organization's security posture.
Threat Hunting & Compromise Assessments
V-CISO
Proactive threat monitoring and intelligence gathering to stay
Help companies improve their cybersecurity architecture by ahead of emerging cyber threats.
providing expert advice on their critical security issues.
Information Security Analysis OT/loT Security
Offerings and provides a comprehensive analysis of an Cyber resilience for operational technology (ot) environment.
organization's' cyber security posture.
Application Security Digital Forensics & Incident Response
Provides a variety of application security services that allow Combines technical and strategic advice to ensure all
organizations to focus on the positive opportunities from aspects of a cyber attack are managed effectively.
applications.
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Our Managed Solutions
Fraud Management DevSecOps SOC
Delivered the largest Fraud Delivered DevSecOps Delivered SOC for the
Management System in for the largest bank in largest bank in South
South East Asia South East Asia East Asia
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ITSEC Competitive Advantages
Top-Tier Client Base Established Partnerships with Best-In-Class
ITSEC has established a strong client base, serving over 60 blue- Cybersecurity Software Providers
chip customers across a variety of industries such as The Company has established long-term deals with global software
telecommunications, media, transport, energy, government, e- vendors, creating scale economies with leading cybersecurity players
commerce, banking and financial services. such as Microsoft, SecureWorks, Checkmarx, Proofpoint, Darktrace
and Nextron.
End-To-End Services and Solutions Offering Cybersecurity Technology Innovation
The Company's diverse client offering, ranging from Managed The Group is involved in several technology IP development initiatives
Security Services to Risk and Compliance, Application Security, and including AI (Artificial Intelligence) tools and AI-enabled automation
Digital Forensic & Incident Response, ensures ITSEC’s ability to workflows. Management have an opportunity to develop and monetize
meet differing client needs while offering multiple growth proprietary IP to create new long-term revenue streams.
opportunities.
Continuous Improvement in Service Capabilities Distinctive Value Add Marketing
ITSEC's steady investment in new cybersecurity service capabilities, The Group has made significant investments in marketing to build
including Fraud Management and Critical Infrastructure Security, awareness through distinctive branding, and value-add cybersecurity
ensures that the Company can meet evolving client needs and has a summits and client events. Furthermore, the Company holds
growth above 25% per year. educational symposiums in partnership with Indonesian Universities
and institutes of higher education and runs an internship program for
Indonesian students.
Investment in Talent for Premier Client Service Experienced leadership team
ITSEC meaningfully invests in company certifications and ITSEC's experienced management team in Indonesia, Singapore and
accreditations, enhancing employee skills and qualifications, Australia, is committed to building ITSEC Group into a leading
resulting in best-in-class service for clients and low staff churn. international player.
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Accredited & Certified
ITSEC Asia is a member of CREST and holds ISO 27001, ISO 9001 and ISO 14001 certifications
Consultant : OSCP, OSCE, OSEP, OSWE, CRT, CPSA, CRTP, CISSP, CISA, CISM, CSXF,
CSXP, CEH, GPEN, GSEC, GCIA, GCIH, GDPR
Project Management : PMP, P2P, P2AP, ITIL-F, CSM, CSPO, CITPM, ICP-ACC
SWIFT CSP Assessment and
Cyber Security Service Providers
ISO certifications and BSSN verification apply to PT ITSEC Asia Tbk, CREST, CSRO & Dubai Cyber Force certification apply to ITSEC Services Asia Pte. Ltd.
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 10
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Sales, Marketing & Sustainability
Sales & Marketing
Each year, ITSEC Asia hosts the ITSEC Cybersecurity Summit, a flagship marketing
initiative designed not only to raise public awareness on cybersecurity issues but also to
position ITSEC Asia as the leading cybersecurity firm in Southeast Asia. Every marketing
activity we undertake is strategically aligned with our sales growth objectives, ensuring
consistent brand elevation alongside business expansion.
ITSEC: Cyber Security Summit 2024
Brand Awareness & Partnerships
To reinforce our corporate image, we maintain active engagement with the media and are
frequently invited as expert speakers both media and other cybersecurity events (e.g.
Black Hat) to discuss the latest developments in cybersecurity and our proprietary
technology, IntelliBroń. Today, IntelliBroń is trusted by various industries to safeguard
against cyber threats, one notable example being its implementation at Atma Jaya
Hospital.
Media Interview
Environmental, Social & Governance
In support of our ESG commitments, we’ve taken concrete steps in both environmental
and social initiatives. From an environmental perspective, we have contributed a total of
87.7 kilograms of plastic bottles and other recyclable materials to waste banks. On the
social front, our recent blood donation drive successfully collected 69 bags of blood to
help patients in need. On top of that, we also held cybersecurity literacy to primary
ESG Program students and college students so they aware about cyber attack on early stage.
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Makroekonomi & Strategi
Macroeconomics & Strategies
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Macroeconomics
● Tariff War Impact
The ongoing tariff war between major economies has led to increased operational costs, supply chain disruptions, and heightened
uncertainty in international trade. For ITSEC Asia, this creates challenges in expanding or maintaining overseas operations, particularly
in regions heavily impacted by protectionist policies. Price competitiveness and partnership opportunities may be affected, requiring
strategic adjustments in market entry and procurement strategies.
● Budget Frugality of Public Sector
Customers, Especially in IT Services or SOC
Allocation
Public sector clients are exhibiting increased caution in budget allocation, prioritizing essential services and cost-efficiency. This
frugality directly impacts spending on IT solutions and Security Operations Center (SOC) services, often leading to delayed
procurement cycles, smaller-scale projects, and stricter compliance requirements. ITSEC Asia must tailor its offerings to demonstrate
clear ROI and align with the value-for-money expectations of government entities.
● The Upcoming Cybersecurity Bill
The anticipated Cybersecurity Bill presents both regulatory challenges and business opportunities for ITSEC Asia. The legislation may
introduce stricter compliance standards, licensing requirements, and mandates for critical infrastructure protection, particularly in
Operational Technology Infrastructure (OTI). This could create new demand for consulting, managed services, and regulatory
readiness solutions, positioning ITSEC Asia to capture growth in licensing support, cybersecurity audits, and policy-driven service
engagements.
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Strategies
Strategic Initiatives: Products, Subsidiaries, and
Digital Transformation
To strengthen its market position, ITSEC Asia is actively pursuing
strategic initiatives, including the development of innovative - IntelliBroń,
the establishment of new subsidiaries to target niche markets - ITSEC
Cyber Academy is a key milestone aimed at upskilling the workforce,
fostering industry partnerships, and creating a talent pipeline to support
business expansion and long-term sustainability.Additionally, an internal
digital transformation to streamline operations and improve client
delivery through OT Security solution.
Continuous Expansion of our existing
business lines & regional expansion
ITSEC Asia has expanded its global footprint by establishing Office Locations:
operations in Mauritius, marking a strategic move to serve the
growing cybersecurity needs of the African region. This Indonesia, Singapore,
expansion reflects ITSEC Asia’s commitment to providing Australia, UAE,
world-class cybersecurity services and solutions beyond the Mauritius
Asia-Pacific market.
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Looking further ahead, ITSEC Asia 2025 strategic agenda includes the
advancement of ITSEC Cyber Academy, an IDR 11 Billion investment
into Indonesia’s cybersecurity talent pipeline.
This initiative aims to address the growing talent gap in APAC, offering
internationally accredited training, real-world simulations, and programs
aligned with both national frameworks and global standards.
The academy targets high-priority sectors like public institutions & SOEs, strengthening resilience across
industries. While near-term earnings are minimal, it’s a strategic move to build long-term recurring revenue
through specialized cyber defense training aligned with rising talent demand.
Building Culture of Security
ITSEC instills information security awareness across
The Goals of
an entire organization, laying a foundation on long ITSEC Cyber Academy
Cyber term cyber resilience to set you in good stead
Building a First Line of Defense
Any employee can be targeted through phishing and social engineering, raising awareness
Academy can be one of the most significant changes an organisation can make.
Building Secure Applications
Web Application Security/Secure SDLC training sets out how to integrate security throughout
the entire Software Development Lifecycle (SDLC).
On March 26, 2025, PT ITSEC Asia Tbk officially launched PT
Executive Resilience
ITSEC Cyber Academy as part of its ongoing commitment to ITSEC fosters a culture security and cyber security resilience amongst executives, one of the
most frequently targeted groups within an organisation.
enhancing Indonesia’s cybersecurity ecosystem. The academy
aims to address the increasing demand for cybersecurity talent Constant Knowledge Acquisition
across industries by providing structured training and education. Responding to the ever-changing threat landscape requires security teams to constantly
This initiative not only supports the development of future develop and acquire new knowledge over the long term.
cybersecurity leaders but also strengthens ITSEC Asia’s role as Specialist Security Training
a key enabler of national cyber resilience.
We provide specialist security training courses to help you deal with telecommunication
vulnerabilities and software development lifecycle vulnerabilities.
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Inovasi & Keamanan OT
Innovation & OT Security
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Our Proprietary Cutting-Edge Solution CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 17
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IntelliBroń ignites software- IntelliBroń Contribution & Forecast
led growth
ITSEC Asia is expanding beyond its enterprise base through
international and consumer channels, supported by a margin-accretive,
software-led model. Concurrently, ITSEC Asia plans to enter the B2C
space with new series of IntelliBroń that will be a mobile-focused
cybersecurity product. Early traction shows strong potential in the
underserved consumer segment.
With AI capabilities, telecom integration, and
attractive margins, ITSEC Asia is well-positioned to
scale profitably across both markets.
We project IntelliBroń to contribute 50% of
New Series* total revenue by FY27F (IDR530bn),
reinforcing its role as a major new growth
engine for ITSEC Asia.
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ITSEC Asia recognized the need for more accessible and scalable cybersecurity solutions for
Small and Medium-sized Enterprises (SMEs). This led to the creation of IntelliBroń Orion, an AI-
powered security companion designed to assist humans in defending against cyber-attacks.
IntelliBroń Orion leverages modern technology to automate many security tasks, making
cybersecurity more affordable and user-friendly for SMEs.
IntelliBroń Orion was created by an Indonesian team in ITSEC Asia's R&D Department,
curated the best available resources to create an application tailored specifically for SMEs.
The Features of IntelliBroń Orion
Real-Time Threat Threat Hunting with
Detection an Al Companion
Unified Dashboard
for Improved Reporting Tools &
Visibility User Management
Alert Consolidation
Threat Intel
& Team Collaboration Integration
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ITSEC’s Managed Threat Intelligence Service provides proactive protection against
external threats and vulnerabilities. We partner with top cybersecurity experts, to
deliver leading threat intelligence and mitigation strategies.
The following are the key objectives of Managed Threat Intelligence:
Comprehensive Continuous Holistic Proactive Threat Strategic Growth
Risk Management Monitoring Cybersecurity Detection Enablement
Protecting your digital Identifying and Securing both internal Responding to emerging Facilitating mergers,
assets and sensitive addressing security gaps infrastructure and cyber threats, mitigating acquisitions, and growth
information, from leaked or vulnerabilities in your external attack surfaces, risks before they impact opportunities by
credentials to dark web digital environment. including subsidiaries and your organization. strengthening your
activities. supply chains. overall cybersecurity
posture.
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Government Smart Cities/ Water
Telecommunication Manufacturing
Buildings Transmission &
Wastewater
Pharmaceutical Oil and Gas Energy Transportation &
(Pipelines & (Power Plants, Logistics
Refinery) Power Substation, (Airports, Air Navigation,
HVDC, Dams) Rail, Vessel, Ports)
OT Security ITSEC offers cybersecurity services and solutions in
Operational Technology (OT), Industrial Control Systems
(ICS) systems in the following critical sectors:
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Ringkasan Kinerja Keuangan
Summary Financials
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PT ITSEC Asia Tbk & Subsidiaries – Financial Performance Jan-Mar 2025
ITSEC Group January - March 2025 Financial
Performance:
• Jan-Mar 2025, ITSEC Group booked the
revenue growth 176% YoY (IDR 135 bn Jan-
Mar 2025 vs. IDR 99 bn Jan-Mar 2024).
• COR also increased 62% YoY (IDR 62 bn Jan-
Mar 2025 vs. IDR 38 bn Jan-Mar 2024)
• Jan-Mar 2025 Gross Profit significantly 582%
YoY growth (IDR 74 bn Jan-Mar 2025 vs. IDR
11 bn Jan-Mar 2024) with GP margin 54% vs.
22% Jan-Mar 2025.
• Operating expenses increased 23% YoY (IDR
34 bn Jan-Mar 2025 vs. IDR 27 bn Jan-Feb
2024). However, the ratio to the revenue is
better compared to the previous year (25%
Jan-Mar 2025 vs. 56% Jan-Mar 2024)
• In Jan-Mar 2025 ITSEC Group booked IDR 35
bn Total comprehensive income with 25,8%
margin. The results changed significantly
compared to the same period the previous year
(-IDR 14 bn Jan-Mar 2024)
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CYBR Share Price Performance (YTD)
CYBR
*as of May 19, 2025
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 24
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Hasil RUPS Tahunan
AGMS Results
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 25
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CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 26
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In an era of increasing cyber threats,
safeguarding your business against malicious
actors is no longer optional – it's a necessity.
CONFIDENTIAL | Copyright © 2025 ITSEC Asia. All rights reserved. 27
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Thank You
INDONESIA SINGAPORE AUSTRALIA DUBAI MAURITIUS
Noble House, Level 11. 112 Robinson Road, #11-04 Level 18, 390 St Kilda Road Office 13, Floor M, Palm Jumeirah The Catalyst Building, Ground
Jakarta 12950, Indonesia Singapore 068902 Melbourne Victoria 3004 Golden Mile Building 4, Dubai, Floor, Lot 40, Silicon Avenue
UAE Ebene, Mauritius
contact@itsec.asia contact@itsec.sg info@itsec.com.au info@itsec-cyber.ae contact@itsecasia.com
+62 (21) 29783050 +65 3159 1145 +61 403 185 051 +971 4 558 7217 +65 3159 1145
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