20240729_WIRG_Laporan Informasi dan Fakta Material_31688383_lamp3.pdf

INVESTOR RELEASE
PT WIR ASIA TBK

1IH 2024 RESULTS SUMMARY

THE COMPANY'S SIGNIFICANT PERFORMANCE GROWTH
DURING THE FIRST SEMESTER 2024

PT WIR ASIA Tbk (IDX: “WIRG” or “the Company”), today announced its financial and operational
performance for the accounting first semesterof 2024. The Company reported a continuous positive
revenue growth to become IDRI1,273.7 billion for the first semester of 2024, representing a 204
increase from revenue in the same period in 2023. Concurrently, the Company's EBITDA and net
income also experienced growth, rising by 26.346 and 51.39o compared tothefirst semesterin previous
year. This growth showed the result of the successful implementation of the Company's continuous
expansion of digital platform solutions as well as effective and efficient expenses management.

Throughout the first semester of 2024, the Company continues to innovate and grow its business
through growing its business units such as AR&Co and DMID which focus in providingbespoke solution
services and business units that provide digital platform solution such as Mindstores, DAV, Minar, and
Nusameta. The Company is also well established in managing its expenses, specifically for its
operating expenses which contributed to the increase in its margin and profitability.

Revenue (In IDR Bilion) EBITOA (in IDR Billion) Nat Income (in IDR Billion)

So , s2
1213 203
12480

na

(OI '

m2073 ma wang: ti2o24 1wzoz iwzo2g

Graph Tin Billion Rupiah): Financial performance growth for the first semester of 2023 and 2024.

OPERATING REVENUES

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

(In IDR Billion)
1,249.0 12731
1025
921 391
1H 2023 1H 2024

M Bespoke Solutions" —M Promotion and Advertising via Platform — M Sales of Goods and Transaction Commission via Platform2

Graph 2/in Billion Rupiah): Revenue composition for the first semester of 2023 and 2024.

The Company's has successfully grew its revenue by 2096 in the first semesterof 2024, amounting to
IDR1,273.7 billion compared to the first semester of 2023 (IH-2023: IDR1,249.0 billion), is primarily
attributable to the revenue segment derived from digital platform solutions amounting IDR1,184.7
billion throughout the first semesterof 2024, marking a 2.596 year-on-year increase compared to the
first semester in the previous year (IH-2023 : IDR1156.3 billion). The digital platform solution
encompasses revenue streams from the sales of goods and transaction commission via interactive
platform, as well as revenue segment of promotion and advertising via platform that contributed
93.076 to the Company's total revenue throughout the first semester of 2024. Meanwhile, revenue
contributed by bespoke solutions revenue segment slightly decreased by 4.046 to IDR8O1 billion
compared to the previous year's figure of IDR92.7 billion. The Company is optimistic thatthe decrease
in bespoke solution revenue will be momentarily and will grow further toward the second semester of
2024.

The contribution of digital platform solutions, particularly from the increase in revenue from sales of
goods and commissions via the platform which grew by IDR211 billion or 2.096, compared to the first
semesterin previous year as well as revenue from promotion and advertising via platform which grew
by IDR7.3 billion or 7.19o, compared to the same period in previous year. This growth reflects the
Company's continued efforts in developing the digital platform solution service ecosystem.

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

COST OF REVENUE & GROSS PROFIT

The Company recorded a cost of goods sold amounting to IDR1,119.8 billion for the first semester of
2024, which increased by2.19o compared to thefirst semesterin the previous year's figure of ID1,097.0
billion. This increase in cost of goods sold is in line with the increase in revenue, particularly from
increase in the revenue from digital platform solutions, which increased by IDR284 billion or 2596
compared to thefirst semester in the previous year.

Concurrently, the Company has successfully increased its gross profit by 1.296 to IDR153.9 billion
compared to the previous year (IH-2023: IDR152.0 billion), therefore enablingthe Company to achieve
astable gross profit margin of 12.19b for the first semester of 2024.

OPERATING EXPENSES & OPERATING PROFIT

The Company recorded an operating expense of IDR72.1 billion in the first semesterof 2024, reflecting
a decrease of IDR10.7 billion or decrease of 12.996 compared to the first semesterin the previous year
amounting IDR82.8 billion. The decrease in the operating expenses was attributable to the efficiency
of the Company's general and administrative costs throughout the first semester of 2024.

The Company successfully recorded an increase in operating profit by 18.196 to IDR81.8 billion
compared to the first semester in the previous year amounting IDR69.2 billion. The Company has
successfully achieved an increase in operating profit margin amounting 6.494 for the first semesterof
2024 compared to previous year's margin for the first semester of 2023 amounting 5.576.

EBITDA

The Company has been successful in recording consistent positive EBITDA during thefirst semesterof
2024 amounting IDR9O.3 billion, marking a significant increase of 26.36 compared tothe first semester
in 2023 (1H-2023: IDR71.4 billion). At the same time, the Company's EBITDA margin for the first
semester of 2024 enjoyed an increase to become 7.19s compared to 5.796 EBITDA margin for the first
semester of 2023.

This positive performance is in conjunction with the Company's growth in revenue as well as operating
expenses efficiency throughout the first semester 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 demonstrated very significant growth, reaching IDR52.4
billion in the first semester of 2024, a year-on-year increase of 51.396 (IH-2023: IDR34.7 billion). This
increase also marked the improvement of the Company's net profit margin for the first semester of
2024 amounting 4.196 from 2.876 net income margin forthe same period in the 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 first semester of 2024, the Company has been successful in maintaining its
consistent growth momentum by recording a revenue of IDRI,273.8 billion which increased by 2046
compared to its first semester result in the previous year. The increase is also associated by the
increase in EBITDA and Net Income which grew by 2634 and 51.34 to IDR9O.3 billion and IDR624
billion. Revenue segment from digital solutions platform is still the main contributor forthe increase in
the Company's revenue, which successfully increased by 254 to IDR1,184.7 billion. At the same time,
the Company has been successful in achieving efficiency of'its operating expenses which decreased
by 1294 to IDR721 billion for the first semester of 2024 that propel the increase in the Company's

profitability.”

SUMMARY OF FINANCIAL PERFORMANCE

(Presented in Rupiah full amount)

For the six-month period ended in June 30

Description 2024 2023

Revenue 1,273,732,181,045 1,249,032,718,587
Gross Profit 153,898,296,494 152,081,625,753
Operating Income 81,756,722,260 69,233,800,963
Net Income forthe Year 52,433,929,219 34,659,726,214
Net Income for the Year attributable to:

Owners of Parent Entity 49,796,541,171 30,212,549,287
Non-Controlling Interest 7,463,551,353 2,309,577,924
Total Comprehensive Income 52,260,092,524 32,522,127,211
Description As of 30 June 2024 'As of 31 December 2023

"Net Working Capital 276574,126,553 260,837,749,955
Total Assets 11090,669,612,420 1,126,655,076,821
Total Liabilities 318,080,474,801 411,491,531,746
Total Eguity 772,589,137,619 715,163,545,095

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 (PCT). 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 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.

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