20250327_WIRG_Laporan Informasi dan Fakta Material_31871740_lamp3.pdf

                                       INVESTOR RELEASE
                                          PT WIR ASIA TBK

                   RESULTS SUMMARY FOR
                    THE FULL YEAR OF 2024

THE COMPANY RECORDS POSITIVE PERFORMANCE
GROWTH DURING THE FULL YEAR OF 2024
PT WIR ASIA Tbk (IDX: "WIRG" or "Company") today announced its financial and
operational performance for the year 2024. The Company reported consolidated revenue
of IDR 2.602,3 billion for 2024, reflecting a 4.4% growth from the same period in 2023. At
the same time, the Company's EBITDA and net profit for 2024 also grew by 11.5% and
15.6%, respectively, compared to the previous year. This growth demonstrates the
success of the Company's initiatives in optimizing resources and effectively and efficiently
managing expenses on an ongoing basis.

The Company recorded positive performance throughout 2024 by maintaining business
growth momentum and improving profitability, showcasing its success in effectively
managing operational costs, which directly contributed to increased margins and profits.




Graph 1 (in Billion Rupiah): Financial performance growth for the full-year periods of 2023 and 2024.




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OPERATING REVENUES




         Graph 2 (in Billion Rupiah): Revenue composition for the full-year periods of 2023 and 2024. 12



    The Company successfully increased its revenue by 4.4% throughout 2024 to IDR
    2.602,3 billion, compared to 2023 (FY-2023: IDR 2,491.6 billion). This increase was
    mainly contributed by the bespoke solutions revenue segment, which grew by 35.9% to
    IDR 246,1 billion compared to the previous year's IDR 181.1 billion. Meanwhile, revenue
    from the digital platform solutions segment remained stable at IDR 2,356.2 billion in 2024,
    accounting for 90.5% of the Company’s total revenue. The digital platform solutions
    segment consists of revenue from product sales and transaction commissions via the
    platform, as well as promotional and advertising revenue via the platform.

    The digital platform solutions revenue segment was primarily dominated by product sales
    and commissions via the platform, amounting to IDR 2,114.4 billion, which decreased by
    1.0% compared to the same period in the previous year (FY-2023: IDR 2,092.8 billion).
    Although the promotional & advertising revenue segment via the platform contributed only
    10.3% of the total digital platform solutions revenue, this segment grew by 11.1% to IDR
    241.8 billion compared to the previous year (FY-2023: IDR 217.7 billion). This growth
    reflects the Company’s well-diversified business portfolio, ensuring sustainable business
    expansion and growth.


1
 Includes revenue from Software Application Development and Brand & IT Consulting
2
 Includes revenue from Digital Product Sales via Interactive Platform, Goods Sales via Interactive
Platform, and Promotion and Advertising via Interactive Platform

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COST OF REVENUE
The Company recorded a cost of revenue of IDR 2,316.2 billion for 2024, a slight increase
of IDR 124.6 billion or 5.7% compared to the previous year's IDR 2,191.5 billion. This
increase aligns with the Company’s revenue growth, particularly due to the increased cost
of revenue from bespoke solutions and promotional and advertising revenue via
interactive platforms (part of the digital platform solutions segment).

OPERATING EXPENSES
The Company recorded operating expenses of IDR 182.2 billion for 2024, a decrease of
IDR 10.5 billion or 5.4% compared to the previous year's IDR 192.7 billion. This decrease
in operating expenses was contributed by efficiency measures in general and
administrative costs throughout 2024.

EBITDA
The Company consistently recorded a positive EBITDA of IDR 155.1 billion throughout
2024, an increase of 9.5% compared to the previous year (FY-2023: IDR 141.6 billion).
Simultaneously, the Company's EBITDA margin for 2024 also increased to 6.0% from 5.7%
in 2023.

This positive performance aligns with revenue growth and operational cost efficiency
throughout 2024 compared to the previous year, demonstrating the Company's success in
executing its strategic growth initiatives and efficiently managing resources.

NET INCOME
The Company’s consolidated net profit experienced significant growth, reaching IDR 79.2
billion in 2024, an increase of 15.6% compared to the previous year (FY-2023: IDR 68.5
billion). This increase also raised the Company's net profit margin to 3.0% in 2024 from
2.7% in the previous year.

The significant growth in net profit and profitability margin is a positive result of the
Company’s success in optimizing operational cost efficiency while maintaining consistent,
sustainable, and continuous revenue growth.




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REMARK FROM STEPHEN BUDIMAN, PRESIDENT DIRECTOR OF PT
WIR ASIA Tbk

“The Company closed 2024 with solid performance, recording revenue of IDR 2.602,3
billion. Additionally, the Company successfully increased EBITDA and net profit by 9.5%
and 15.6%, respectively, reaching IDR 155.1 billion and IDR 79.2 billion. At the same
time, operational efficiency contributed positively, as reflected in a 5.4% reduction in
operating expenses to IDR 182.3 billion in 2024, which overall drove the Company’s
profitability improvement.”

SUMMARY OF FINANCIAL PERFORMANCE




About WIR GROUP

PT WIR ASIA Tbk (BEI: “WIRG” or “the Company”) is a leading immersive and Web3
technology company based in Southeast Asia. Specializing in Augmented Reality (AR),
Virtual Reality (VR), and Artificial Intelligence (AI), the Company holds five global patents
for AR registered with the Patent Cooperation Treaty (PCT). Leveraging these AR, VR,
and AI features, the Company offers bespoke solution services and digital platform
solutions with Business-to-Business (B2B) and Business-to-Business-to-Consumer
(B2B2C)/Business-to-Consumer (B2C) business models to partners across various
industrial sectors, operating on a Software-as-a-Service (SaaS) basis.

Bespoke solution service is a tailored solution that the Company provides to its
customers/partners according to its needs and requests. Bespoke solution is
characterized as project basis and generated income segments in software application
development and brand & IT consulting. Platform solutions is a digital business solution
for the Company’s partners and customers in order to reach a wider customer base.
Platform solutions is characterized as recurring and generated income segments of sale
of various goods via the platform, the sale of digital products via the platform, transaction
commissions via the platform, as well as promotions and advertising via the platform.

                                          --End—



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