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Bakrie Tower,12th floor
Komplek Rasuna Epicentrum
Jl. H.R. Rasuna Said
Jakarta, INDONESIA 12940
Website: www.bumiresources.com

                                                                          Company Information


BUMI ANNOUNCES Q1- 25 RESULTS

• REVENUE USD1.17 BILLION
• NET INCOME ATTRIBUTABLE TO OWNERS – USD17.9 MILLION
• COAL MINED 17.2MT
• SALES VOLUME 16.7MT



Jakarta, 30 April 2025

PT Bumi Resources Tbk (BUMI) confirms that the Unaudited Financials for Q1-25 have been posted on
IDX web on 30 Apr 2025.


BUMI submits its financials based on PSAK 111 on Joint Venture Accounting which consolidates
Arutmin, but its major coal subsidiary, Kaltim Prima Coal (KPC) is equity accounted and is not
consolidated.

Attached are the following 3 Appendices for information:
a) Q1 2025 – Operating Metrics on 100% KPC & Arutmin basis (YOY) (Appendix 1).
b) Q1 2025 – Consolidated Income Statement (YOY). This includes KPC and Arutmin – for benefit of
   investors (Appendix 2).
c) Q1 2025 – Audited Income Statement on PSAK 111 basis (consolidates Arutmin but KPC is equity
   accounted) (YOY) (Appendix 3).


Operating Metrics Q1 2025 – on 100% Basis for KPC & Arutmin – Key Highlights
• Coal Sales of 16.7MT decreased by 9% vs 18.4MT in Q1 2024
• Coal Mined of 17.2MT decreased by 12% vs 19.5MT in Q1 2024
• Overburden Removed of 143.4 mbcm decreased by 20% vs 178.4 mbcm in Q1 2024
• Closing Inventory 2.4MT decreased by 29% vs 3.3MT in Q1 2024.

The average realized coal price of USD64.9/ton sharply declined by 14% vs USD75.8/ ton in Q1 2024
and lowered revenue by 18.3%. Strip ratio fell by 8% reflecting an efficiency.



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Key Highlights – Consolidated Financials Q1 2025 YOY

Gross Revenue                     USD1,171.9 million vs USD1,435.1 million or decreased by 18.3%.

Cost of Revenue                   USD1,067.6 million vs USD1,319.7 million or decreased by 19.1%.

Gross Margin                      USD104.3 million vs USD115.5 million or decreased by 9.6%.

Operating Expenses                USD51.9 million vs USD48.1 million or increased by 8.0%.

Operating Income                  USD52.4 million vs USD67.4 million or decreased by 22.2%.

Operating Margin (% to revenue)   4.5% vs 4.7%.
Income Before Income Tax
                                  USD44.8 million vs USD69.7 million or decreased by 35.8%.
Expense
                                  Decreased to USD38.3 million vs USD92.9 million – drop of USD54.6
Net Income for the Period         million.
Net Income Attributable to        Decreased to USD17.9 million vs USD67.6 million – drop of USD49.7
Owners of The Parent              million.

•   Gross Revenue of USD1.17 billion in Q1 2025 compares with USD1.44 billion in Q1 2024 - a sharp
    drop of 18.3% - mainly due to lower global coal prices and lower stripping ratio.
•   BUMI as the largest domestic supplier of coal for power, cement, and fertilizer sector at controlled
    prices additionally lowers revenue and margins.
•   Operating expenses increased by 8.0% to USD51.9 million in Q1 2025 vs USD48.1 million in Q1
    2024.




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Performance Q1 2025 vs Q1 2024 on Statutory PSAK 111 Basis – Consolidates Arutmin but
Equity Accounted KPC

Highlights of Q1 2025 performance vs Q1 2024 is given below for your information.
Gross Revenue                  USD348.8 million vs USD311.0 million or increased by 12.1%.

Cost of Revenue                USD297.5 million vs USD288.9 million or increased by 3.0%.

Gross Margin                   USD51.2 million vs USD 22.1 million or increased by 131.5%.

Operating Expenses             USD23.3 million vs USD11.5 million or increased by 102.2%.

Operating Income               USD27.9 million vs USD10.6 million or increased by 163.4%.

Income Before Income Tax       USD28.6 million vs USD32.4 million or decreased by 11.7%.

Income for the Period          Decreased to USD30.1 million vs USD72.7 million – drop of USD42.6 million.
Net Income for the
Period Attributable to         Decreased to USD17.9 million vs USD 67.6 million – drop of USD49.7 million.
Owners of The Parent


GUIDANCE 2025
Productions : 79MT- 81MT
Prices      : USD64/t - USD69/t
Costs       : USD44/t-USD46/t


AGM
AGM scheduled for 2 June 2025.


EARNINGS CALL ON Q1 2025 RESULTS
An earnings call is planned – details would be advised separately.


For further information, please contact:

PT Bumi Resources Tbk.
Tel       (62-21) 5794 2080
Fax       (62-21) 5794 2070
Website   www.bumiresources.com




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                                                              Appendix - 1


Operating Metrics Q1 2025 – on 100% Basis for KPC & Arutmin




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                                                                                                                                       Appendix - 2

                                   Full Consolidation Method Q1 2025 vs Q1 2024
In USD

                                                       31 Maret /           31 Maret /
                                                     March 31, 2025         March 31, 2024

                                                   Metode Konsolidasi/       Metode Konsolidasi/
                                                  Consolidation Method      Consolidation Method

         PENDAPATAN                                        1,171,901,028           1,435,128,276                        REVENUES
         BEBAN POKOK PENDAPATAN                           (1,067,569,712)        (1,319,661,022)              COST OF REVENUES
         LABA BRUTO                                          104,331,316            115,467,254                     GROSS PROFIT
         BEBAN USAHA                                         (51,912,644)           (48,080,385)           OPERATING EXPENSES
         LABA USAHA                                           52,418,672             67,386,869               OPERATING INCOME
         PENDAPATAN LAIN-LAIN - NETO                          (7,645,030)             2,355,513    OTHER (EXPENSE) INCOME - NET
         LABA SEBELUM BEBAN                                                                              INCOME BEFORE INCOME
         PAJAK PENGHASILAN                                    44,773,642             69,742,382                   TAX EXPENSE
         MANFAAT PAJAK PENGHASILAN                            (3,933,780)            28,264,345             INCOME TAX EXPENSE
         LABA NETO SETELAH PAJAK                              40,839,862             98,006,727           NET INCOME AFTER TAX
         BAGI HASIL                                           (2,530,473)            (5,141,491)                  PROFIT SHARING
         LABA NETO                                            38,309,389             92,865,236                       NET INCOME

         Total Laba Periode Berjalan Yang Dapat                                                     Total Net Income For The Period
           Diatribusikan Kepada:                                                                                   Attributable To:
           Pemilik Entitas Induk                              17,866,112             67,639,661      Owners of the Parent Company
           Kepentingan Non-Pengendali                         20,443,277             25,225,575            Non-Controlling Interests
                                                              38,309,389             92,865,236




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                                                                                                                                   Appendix - 3

          Performance Q1 2025 vs Q1 2024 on Statutory PSAK111 Basis – Consolidates Arutmin but Equity Accounted KPC

In USD

                                                   31 Maret /           31 Maret /
                                                 March 31, 2025         March 31, 2024

                                                Setelah PSAK 111 /      Setelah PSAK 111 /
                                                 After PSAK 111          After PSAK 111

         PENDAPATAN                                       348,777,533           311,015,873                         REVENUES

         BEBAN POKOK PENDAPATAN                         (297,528,576)         (288,877,958)               COST OF REVENUES

         LABA BRUTO                                        51,248,957            22,137,915                     GROSS PROFIT

         BEBAN USAHA                                     (23,334,933)          (11,540,176)            OPERATING EXPENSES

         LABA USAHA                                        27,914,024            10,597,739                OPERATING PROFIT

         PENGHASILAN (BEBAN) LAIN-LAIN - NETO                723,900             21,845,830   OTHER INCOME (EXPENSES) - NET

         LABA SEBELUM PAJAK PENGHASILAN                    28,637,924            32,443,569       PROFIT BEFORE INCOME TAX

         (BEBAN) PAJAK PENGHASILAN                          2,176,914            40,957,048          INCOME TAX (EXPENSES)

         LABA SETELAH PAJAK PENGHASILAN                    30,814,838            73,400,617        PROFIT AFTER INCOME TAX
         BAGI HASIL                                         (746,789)             (679,784)                   PROFIT SHARING

         LABA TAHUN BERJALAN - NETO                        30,068,049            72,720,833       PROFIT FOR THE YEAR - NET


         Total Laba Tahun Berjalan Yang Dapat                                                              Profit for the Period
           Diatribusikan Kepada:                                                                              Attributable to:
           Pemilik Entitas Induk                           17,866,112            67,639,661        Owners of the Parent Entity
           Kepentingan Non-Pengendali                      12,201,937             5,081,172         Non-Controlling Interests
                                                           30,068,049            72,720,833



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