20241202_BUMI_Laporan Informasi dan Fakta Material_31803245_lamp2.pdf

Press Release
BRMS’ revenues went up by 231% in the first 9 months of 2024 compared to the same period of last year

Jakarta, 29 November 2024

PT Bumi Resources Minerals Tbk (“BRMS” or “the Company”) today reported its Q3 2024 financial and production results. During the
first 9 months of 2024, BRMS’ Revenues, Operating Profit, Profit Before Tax, and Net Profit (after tax) increased by 231%, 189%, 143%,
and 54% respectively Year on Year.

Agus Projosasmito, BRMS’ Chief Executive Officer & President Director, said,”Two factors are responsible for BRMS’ strong financial
performance this year. First, our gold output continues to increase due to the higher average gold grade processed in 2024. And second,
the higher gold selling price in 2024 also have positive impact on the Company’s financial result.”

Charles Gobel, BRMS’ Chief Financial Officer & Director, explained,”We are currently in the process of securing the loan facility to fund
the underground mining development in Palu. We look forward to processing ores with higher gold content from the underground mine
in Palu by late 2027.”
Herwin Hidayat, BRMS’ Chief Investor Relations Officer & Director, added, “We expect to publish our mineral reserve data based on
JORC (Joint Ore Reserves Committee) next month. Such data would include the higher gold grade from the underground mine prospects
in the River Reef site (Poboya, Palu).”

                          Year on Year Result                                                      Quarter on Quarter Result
                                                                   Increase
           In USD                 9M 2023           9M 2024                          In USD             Q1 2024         Q2 2024            Q3 2024
                                                                     YoY
 Revenue                      $ 32,746,260     $ 108,479,036        231%      Revenue                  $ 20,325,748   $ 40,943,170     $ 47,210,118
 Operating Profit             $ 9,883,232      $ 28,558,344         189%      Operating Profit         $ 4,991,199    $ 11,226,078     $ 12,341,067
 Profit Before Tax            $ 10,244,352     $ 24,918,256         143%      Profit Before Tax        $ 5,203,402    $ 8,729,333      $ 10,985,521
 Tax (Expense) Benefit*       $      402,765   ($     8,485,336)      -       Tax (Expense) Benefit   ($ 1,451,780)   ($ 3,045,664)   ($    3,987,892)
 Net Profit                   $ 10,647,117     $ 16,432,920         54%       Net Profit               $ 3,751,622    $ 5,683,669      $    6,997,629
                                  16,437 oz         45,366 oz                                            9,623 oz       17,121 oz          18,622 oz
 Gold Output                                                        176%      Gold Output
                                   (511 kg)         (1,411 kg)                                           (299 kg)        (533 kg)           (579 kg)
 Average Sale Price           $ 1,914 /oz           $ 2,347 /oz     23%       Average Sale Price       $ 2,083 /oz     $ 2,336 /oz      $ 2,493 /oz

BRMS’ consolidated financial report booked “Tax Benefit” in 2023 due to BRMS holding company’s Tax Benefit higher than PT Citra Palu Minerals’ Tax
Expense. Since 2024, BRMS’ consolidated financial report starts to book “Tax Expense” (no longer Tax Benefit) due to the profitable operations in both
BRMS holding company and PT Citra Palu Minerals.




 For any question relating to this release, please contact: Herwin Hidayat – Director & Chief Investor Relations Officer of PT Bumi Resources
 Minerals Tbk. at +628118606531 Other related Company information can be found at www.bumiresourcesminerals.com.

Herwin W. Hidayat
Director & Chief Investor Relations Officer
PT Bumi Resources Minerals Tbk