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01 Latest Update HRTA
Executive Summary
PUBLIC EXPOSE 2026 02 1Q26 Financial Update
Business Strategy and
03
Management Discussion
Page 3
LATEST UPDATE
HRTA : Leading Gold Bullion
Player in Indonesia
Leveraging dominant market share and production
excellence to support Indonesia's banking
infrastructure.
IDR20.16T 29.14%
1Q26 Sales Total Domestic Market Share
Sales increased by 196.96% YoY. Dominant presence in the investment
gold bar segment as of 1Q26.
Sourcing Refining Distribution Custody & Linkage
Multi-source supply from domestic Integrated refinery capacity of 30 Having more than 1,000 point of GHA vault custody leading to
miners, scrap, and strategic tonnes reaching 99.99% purity sales across Indonesia Bullion Bank and institutional
imports. standards. linkage.
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LATEST UPDATE
Role of HRTA
Having a Strategic Position in the Ecosystem
Supply Chain Integration
Institutional Investors
Bullion Banks
Recycled Gold Aggregators
Local Gold Miners
HRTA’s Contribution
Hartadinata is well positioned to become a trusted domestic gold supplier for Bullion Banks through: Strategic Impact:
• Integrated from midstream to downstream manufacturing capabilities;
• Supports local sourcing
• Scalable production capacity with 60 tonnes p.a; • Reduces dependency on imported bullion
• Strong distribution and market access with +1,000 point of sales across Indonesia • Strengthens national gold infrastructure
hrta.gold hartadinataabadi.co.id 4
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LATEST UPDATE
Integrated Factory
Previous Capacity New Capacity
4 Factories + 1 Refinery : 48 Tons Integrated Factory & Refinery : 60 Tons
• Jewellery & Bullion Manufacturing : 30 tons • Jewellery & Bullion Manufacturing : 30 tons
• Refinery : 18 tons • Refinery : 30 tons
Moving forward, HRTA is taking steps to build production synergy, connecting every stage of the
manufacturing process within a unified ecosystem that supports innovation, sustainable efficiency, and
the creation of high-quality gold products.
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Source: Company
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LATEST UPDATE
Market Share
*World Gold Council revised ID’s bar & coin sales for 2020-2025, hence the change in market share
HRTA Jewellery Sales (Pure Gold Tonnes) HRTA's Jewellery Market Share
100.0 Total Indonesia Gold Demand (Tonnes) % YoY Growth 50.0%
6.00 20.00%
90.0 40.0%
42.9% 18.33% 18.00%
80.0 29.7% 30.0% 5.00
15.54% 16.00%
70.0 20.3% 23.4% 14.84%
20.0% 14.47% 14.00%
60.0 4.00 13.09%
13.1% 12.00%
8.9% 8.2% 10.0% 11.48% 11.49%
50.0 10.27%
0.8% -1.2% 0.0% 3.00 10.00%
40.0 1.4%
-6.9% -7.5% 8.05% 8.00%
-10.0%
30.0 -14.8% 2.00
6.00%
20.0 -20.0%
-26.7% 4.00%
-28.1% -30.0% 1.00
10.0 2.73%
50.6 60.8 61.7 88.1 63.4 59.0 59.5 58.8 64.0 54.5 40.0 51.8 58.6 54.2 66.9 72.4 26.9 2.00%
0.0 -40.0% 4.43 4.81 5.29 3.82 3.90 4.39 2.57 3.39 1.34 0.09
- 0.00%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26
25.00 HRTA Sales (Pure Gold Tonnes) HRTA's Market Share 35.00% HRTA Gold Bar Sales (Pure Gold Tonnes) HRTA's Gold Bar Market Share
32.30%
30.00% 25.00 45.00%
29.14%
20.00 39.51% 40.00%
25.00% 20.00 35.00%
32.82%
15.00 20.00% 30.00%
19.93% 15.00
25.00%
15.47% 15.00% 22.57%
10.00 19.94% 20.00%
12.82% 13.22% 10.00
11.79% 15.00%
9.75% 10.00%
7.53% 11.07% 10.00%
5.00 7.52% 5.00 8.89%
5.00% 6.80%
5.00%
0.03 1.30 2.21 3.36 5.82 9.95 22.06 7.74
4.43 4.81 5.32 5.12 6.11 7.75 8.39 13.34 23.39 7.83 - 0.23% 0.00%
- 0.00%
2019 2020 2021 2022 2023 2024 2025 1Q26
2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26
HRTA keeps increasing market share, especially in the Gold Bar segment, as we see there is a shifting demand from jewellery to
gold bar since the pandemic. 6
Source: World Gold Council
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LATEST UPDATE
Jewelry Store Expansion
Kalimantan
Sulawesi
DIY & Central Java
Sumatera
Nusa Tenggara
Greater Jakarta &
West Java
East Java
2017 12 stores 2019 44 stores 2021 68 stores 2023 85 stores FY26 84 stores
2018 26 stores 2020 65 stores 2022 78 stores 2024 85 stores 1Q26 85 stores
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LATEST UPDATE
Pawn Store Expansion
Sulawesi
NTB
West Java & DKI Jakarta
NTT
East Java
2018 3 stores 2020 64 stores 2022
82 stores 2024 105 stores
1Q26 138 stores
2019 16 stores 2021 67 stores 2023 91 stores FY26 133 stores
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LATEST UPDATE
Integration & Standardization Challenges
Key Challenges Gold Players Must Address
Consistent quality and assay standardization
Full traceability from source to custody
Alignment with banking risk, compliance, and reporting
systems
Logistics and custody coordination within regulated
frameworks
hrta.gold hartadinataabadi.co.id 10
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01 Latest Update HRTA
Executive Summary
PUBLIC EXPOSE 2026 02 1Q26 Financial Update
Business Strategy and
03
Management Discussion
Page 12
FINANCIAL UPDATE
Solid Performance
Revenue in IDR bn (LHS) Net Income in IDR bn (RHS)
45,000.00
+144.39%
40,000.00 1,050.00
+121.29%
35,000.00
850.00
30,000.00
25,000.00
650.00
20,000.00 +196.96%
+41.78%
15,000.00 +189.48% 450.00
+44.60%
+85.84%
10,000.00 +32.08% +20.62%
+27.91% +26.56% +30.70% 250.00
5,000.00 +14.03% +13.32%
- 50.00
2020 2021 2022 2023 2024 2025 1Q25 1Q26
HRTA managed to record solid growth during the pandemic period where up to 1Q26, the Company's financial
performance recorded an all time high. Annual revenue grew by 48.59% (CAGR 2020 - 2025) and net profit
increased by 33.72% (CAGR 2020 - 2025). 12
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40% 81.69%
30%
20%
FINANCIAL UPDATE
10%
Income Statement 0% 0.68%
9.21%
1Q25 1Q24
Refining Services
Profit or Loss Highlight (IDR bn) 1Q26 1Q25 % YoY
Revenue Loan interest and administration revenues from pawn business
Sales with Partners
Sales 20,158.49 6,788.28 196.96%
Breakdown Gold sold to Stores
Gold sold to Wholesaler
COGS (19,414.24) (6,445.22) 201.22% Export
Gross Profit 744.25 343.06 116.95%
0.01% 0.26% 0.03% 0.42%
GPM 3.69% 5.05% -1.36% 100%
9.13%
(43.13) (8.37) 415.48% 90% 17.17%
Selling Expense
80%
G&A Expense (67.19) (55.87) 20.26%
70%
Other operating income (expense) (0.41) (0.05) 640.99% 60%
Operating Income 633.53 278.77 127.26% 50%
90.60% 81.69%
40%
OPM 3.14% 4.11% -0.96%
30%
EBITDA 649.08 289.39 124.29% 20%
EBITDA margin 3.22% 4.26% -1.04% 10%
3.65 0.81 352.78% 0% 0.68%
Finance Income
1Q26 1Q25
Finance expense (83.27) (87.07) -4.37%
Revenue growth was supported by:
Other Income (Expense) - - 0.00%
Net Income att to parent entity 433.49 149.75 189.48% • a 75.18% YoY rise in pure gold sales volume to
7.83 tonnes in 1Q26 vs 4.47 tonnes in 1Q25
NPM 2.15% 2.21% -0.06%
• a 71.01% YoY increase in average selling price
EPS 94.13 32.52 189.48% (ASP) to IDR 2,567,213 compared to Rp 1,501,205
billion in 1Q25
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FINANCIAL UPDATE
Profitability & Manageable Debt
Positive trend in profitability and debt management
ROA (%) ROE (%) Int. Bearing Debt/Equity (x)
12.60% 47.32% 1.45
1.25
1.12
30.29%
7.76%
7.42%
18.82%
2024 2025 1Q26 2024 2025 1Q26 2024 2025 1Q26
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FINANCIAL UPDATE
Dividend Policy
DPS (IDR) Dividend Payout Ratio
30.00% 25
26.13%
25.00% 25.05% 24.56%
23.74% 20
21.80% 22.59% 21.87%
21.59%
20.00%
15
15.00%
10
10.00%
5
5.00%
6 7 8 8 10 12 15 21
0.00% 0
2017 2018 2019 2020 2021 2022 2023 2024
Consistent dividend distribution every year
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01 Latest Update HRTA
Executive Summary
PUBLIC EXPOSE 2026 02 1Q26 Financial Update
Business Strategy and
03
Management Discussion
Page 17
Business Strategy HRTA 2026
OPTIMIZING MULTI-CHANNEL MARKET PENETRATION
“HRTA GOLD” BRANDING
Leveraging an integrated multi-
HRTA Gold is positioned as ”the channel approach through expanded
gold you can trust” for safe-haven owned retail network and distribution
asset and designed to meet rising across digital platforms and strategic
demand from both retail and partners, supporting volume growth
institutional partners. and brand visibility.
SECURING GOLD SUPPLY FROM LOCAL MINERS
MAXIMIZING OWNED RETAIL NETWORK
Higher export levies on raw gold are Strengthening market penetration
expected to improve domestic raw through an expanded owned retail
material availability, enabling the network of approximately 100 stores,
Company to secure supply more supporting volume growth and brand
efficiently from local miners and visibility.
enhance supply chain resilience.
INTERNATIONAL QUALITY AND CERTIFICATION FOCUSED MARKET PENETRATION
Upholding strong commitment to Enhancing focus on institutional bullion
internationally recognized standards, sales by serving banks, financial
including KAN and LBMA, to ensure institutions, and corporate clients,
consistent product quality, credibility, supported by scale, quality assurance,
and global market acceptance. and reliable supply capabilities.
PRODUCTION OPTIMIZATION COST DISCIPLINE & MARGIN MANAGEMENT
Optimizing existing production
Maintaining strict cost control,
facilities with a capacity of up to 60
prudent inventory management, and
tons per year, ensuring efficiency,
scalability, flexibility to meet demand operational efficiency to preserve
growth and having commitment to healthy profitability amid gold price
ESG compliance. volatility.
Page 18
DISCLAIMER
By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a
violation of applicable securities laws. The information and opinions contained in this presentation are intended solely for your personal reference and are strictly
confidential. The information and opinions contained in this presentation have not been independently verified, and no representation or warranty, expressed or
implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein.
It is not the intention to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the condition (financial or
other), earnings, business affairs, business prospects, properties or results of operations of the company or its subsidiaries. The information and opinions
contained in this presentation are provided as at the date of this presentation and are subject to change without notice. The company (including any of its
affiliates, advisors and representatives) shall have any responsibility or liability whatsoever (in negligence or otherwise) for the accuracy or completeness of, or
any errors or omissions in, any information or opinions contained herein nor for any loss howsoever arising from any use of this presentation.
In addition, the information contained in this presentation contains projections and forward-looking statements that reflect the company's current views with
respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business,
economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of
the company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are
correct. Actual results may differ materially from those forecast and projected.
This presentation is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of
it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This presentation may not be
used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the
company.
investor.relations@hartadinataabadi.co.id hartadinata.abadi hartadinataabadi.co.id
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