20241030_WIRG_Laporan Informasi dan Fakta Material_31750725_lamp3.pdf

INVESTOR RELEASE
PT WIR ASIA TBK

RESULTS SUMMARY OF
THE NINE-MONTH PERIOD OF 2024

THE COMPANY RECORDS POSITIVE PERFORMANCE GROWTH OVER
THE NINE-MONTH PERIOD OF 2024

PT WIR ASIA Tbk (IDX: “WIRG” or “the Company”), today announced its financial and
operational performance for the nine-month period of 2024. The Company reported
consolidated revenue of IDR 1,881.0 billion for the nine-month period of 2024 which grew by
0.34 from the same period in 2023. At the same time, the Company's EBITDA and net profit
for the nine-month period of 2024 also grew by 11.596 and 24.7”o, respectively compared to
the same period in the previous year. This growth shows the success of the Company's
initiatives in optimizing resources and managing expenses effectively and efficiently on an
ongoing basis.

The Company recorded positive performance throughout the first nine months of 2024, by
maintaining its business growth momentum and also through increasing its profitability, which
shows the Company's success in managing operational expenses effectively, which
contributed directly to increasing margins and profits.

Revenue (In IDR Bilion) EBITDA (In IDR Billion) Net Income (n IDR Bilion)

ms 650

10762 18810 1081
221

112023 sz 92073 92024 mag su2a

Graph 1 (in Billion Rupiah):Financial performance growth for the nine-month period of 2023 and 2024.

OPERATING REVENUES

Revenue Composition for The Nine-Month Period of 2023 and 2024

(In IDR Billion)
1,816.2 1,881.0
1501
1316 1649
9M 2023 9 2024

IM Bespoke Solutions" —m Promotion and Advertising via Platform mM Sales of Goods and Transaction Commission via Platform?

Graph 2 (in Billion Rupiah): Revenue composition for the nine-month period of 2023 and 2024.

The Company has successfully grown its revenue by 0.396 during the nine-month period of
2024 to IDR1,881.0 billion, compared to the nine-month period of 2023 (9M-2023: IDR1,876.2
billion). The majority of this increase was primarily contributed by the bespoke solutions
revenue segment which increased by 19.96 to IDR164.9 billion compared to the previous
year'snine-month period of IDR137.6 billion. Meanwhile, the revenue segment originating from
digital platform solutions amounting to IDR1,716.O billion for the nine-month period of 2024
remains stable as the largest contributor, accounting for 91.296 of the Company's total
revenue. Digital platform solutions are a revenue segment consisting of the revenue segment
for sales of goods and commissions for transactions via platform, as well as promotion &
advertising revenue segments via platform.

The digital platform solutions revenue segment is majorly contributed by sales of goods and
commissions via platform amounting to IDR1,546.5 billion, which decreased by 2.6X
compared to the same period in the previous year (9M-2023: IDR 1,587.9 billion). Although the
promotion & advertising revenue segment via platforms only contributed 9.996 of total digital
platform solutions revenue, this segment grew by 12.596 to IDR 169.6 billion compared to the
same period in the previous year (9M-2023: IDR150.7 billion). This growth reflects good

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

diversification of the Company's business portfolio which can support the continuous
improvement and growth of the Company's business.

COST OF REVENUE & GROSS PROFIT

The Company recorded a cost of revenue of IDR1,6821 billion for the nine-month period of
2024, which slightly inecreased by IDRO.6 billion or 0.096 compared to the previous year's nine-
month period of IDR1,681.5 billion. The increase in the cost of revenue is in line with the
increase in the Company's revenue, especially from the cost of revenue originating from the
bespoke solutions revenue segment and the promotion and advertising revenue segment via
interactive platforms (part of digital platform solutions).

Concurrentiy, the Company succeeded in increasing its gross profit by 2.276 to IDR198.9 billion
compared to the same period the previous year (9M-2023: IDR194.7 billion), therefore
enabling the Company to record a higher gross profit margin amounting to10.694 for the nine-
month period of 2024 (9M-2023:10.476).

OPERATING EXPENSES & OPERATING PROFIT

The company recorded operating expenses of IDR109.9 billion for the nine-month period of
2024, which decreased by IDR9.2 billion or 7.8Yo, compared to the same period in the previous
year of IDR 119.1 billion. The decrease in operating expenses was contributed by the efficiency
of the Company's general and administrative costs throughout the nine-month period of
2024.

The company managed to record an increase of 17.876 in operating profit to IDR89.O billion
compared to the nine-month period in 2023 of IDR75.6 billion. The Company also managed
to successfully record a higher operating profit margin of 4.76 for the nine-month period of
2024 (9M-2023: 4.096).

EBITDA

The Company has been successful in recording consistent positive EBITDA during the nine-
month period of 2024 amounting IDR120.5 billion, marking a significant increase of 11.596
compared to the nine-month period in 2023 (9M-2023: IDR1081 billion). At the same time, the
Company's EBITDA margin for the nine-month period of 2024 enjoyed an increase to become
6.446 compared to 5.846 EBITDA margin for the nine-month period of 2023.

This positive performance is in conjunction with the Company's growth in revenue as well as
operating expenses efficiency throughout the nine-month period of 2024 compared to the
same period in the previous year which appeared to be result of the Company's successful
initiatives implementation of its growth strategy and efficient management of resources.

NET INCOME

The Company's consolidated net income showed a very significant growth, reaching IDR6E5.0
billion in the nine-month period of 2024, a year-on-year increase of 24.746 (9M-2023: IDR521
billion). This increase also marked the improvement of the Company's net profit margin for
the nine-month period of 2024 amounting 3.594 from 2.876 net income margin for the same
period inthe previous year.

This significant increase in net profit and profitability margin are attributed to positive result
of the Company's success in achieving operating cost efficiency as well as consistency in
achieving sustained and continuous revenue growth.

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

“Throughout the nine-month period of 2024, the Company succeeded in maintaining its
business growth momentum by recording revenue of IDR 1,881.0 billion. The Company has
also succeeded in increasing EBITDA and net profit, which increased by 11.54 and 24.74
respectively to IDR 120.5 billion and IDR 65.0 billion. At the same time. The Company also
succeededin managing operational expenses more efficiently, which fell by 7.84 to IDR 109.9
billion in the nine-month period of 2024, which also contributed to an increase in the
Companys profitability.”

SUMMARY OF FINANCIAL PERFORMANCE

(Presented in Rupiah full amount)

For the nine-month period ended in September30

Description 2024 2023

Revenue 1,880,978,204,076 1,876,172,745,263
Gross Profit 198,895,733,941 199,676,975,725
Operating Income 89,041,704,671 75,577,781,303
Net Income for the Year 64,991,779,055 52,122.943,867
Net Income for the Year attributable to:

Owners of Parent Entity 58,736111,224 16,802.914,829
Non-Controlling Interest 5,994,012,788 2,126196,921
Total Comprehensive Income: 62,731,024,012 28,929,11,770
Description 'As of 30 September 2024 'As of 31 December 2023

"Net Working Capital 220,218,369,170 260,837,749,955
Total Assets 1,126,655,076,801
Total Uabilities 11,491,531,746
Total Eguity 715,163,545,005

Net Working Capital - Total Current Assets - Total Current Liabilities

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 (Al), the
Company holds five global patents for AR registered with the Patent Cooperation Treaty (POT). Leveraging
these AR, VR, and Al 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 reguests. 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
oharacterized as recurring and generated income segments of sale of various goods via the platform, the sale of
digital produots via the platform, transaction commissions via the platform, as well as promotions and advertising
via the platform.

--End—