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Paparan Publik Tahunan
2026
Annual Public Expose 2026
PT ITSEC Asia Tbk (“Perseroan / The Company”)
Jakarta, 21 May 2026
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 0
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Table of Contents
1. Ringkasan Bisnis
Executive Summary
2. Ikhtisar Bisnis
Business Overview
3. Makroekonomi & Strategi
Macroeconomics & Strategies
4. Inovasi
Innovation
5. Ringkasan Kinerja Keuangan
Summary Financial
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 1
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Ringkasan Bisnis
Executive Summary
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ITSEC at a Glance
Company Overview Office Locations
ITSEC’s three-stage security ecosystem (Assessment, Implementation
and Analysis) ensures complete and continuous protection of clients’ IT Indonesia, Singapore, Australia, Mauritius
infrastructure against multiplying cybersecurity threats, and compliance
with increasingly demanding government regulation.
● Founded: 2010
● Operations: Founded in Indonesia, and expanded to Singapore, Australia,
and Mauritius. Currently serves clients in 13 APAC countries.
● Full Time Staff: 391 employees as of 18 May 2026. (ITSEC Group)
● Listed on the IDX: ITSEC Asia listed on IDX since 8 August 2023.
● Industry Accreditations: verified by Badan Siber & Sandi Negara (BSSN),
accreditation by CREST, ISO 9001, ISO 14001, ISO 27001, and additionally
BizSafe3, AISP and EPPU in Singapore.
Serving 60+ Blue-Chip Clients
ITSEC is a fast-growing cybersecurity group serving blue-chip clients in 13 countries throughout APAC across wide range of Industries:
● Banking ● Telecommunications & IT
● Finance & Insurance ● Government, Energy, E-commerce, Healthcare,
and Others
CONFIDENTIAL
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VISION MISSION
To achieve a market leading To provide state-of-the-art AI & cybersecurity
position by becoming the services and solutions in the fields of
information technology (IT) security,
most trusted brand in the AI operational technology (OT) security and
& cybersecurity industry. fraud prevention for banking, finance,
telecommunications, energy, transportation,
manufacturing, and other critical sectors.
CONFIDENTIAL
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ITSEC Asia Milestones
2018
202 202
2010 CYBER SECURITY OPERATION
CENTER (CSOC)
● ITSEC Asia established Cyber Security Operation
3SERVICES
IPO & NEW
● ITSEC Asia invests in Initial Public Offering (IPO)
5
NEW EXPANSION
A NEW BEGINNING Center (CSOC) in BSD, Tangerang, in response to the ● ITSEC Asia has launched a new subsidiary
and delivers new services in response to cyber
● ITSEC Asia was established operational needs security tendencies. company - PT ITSEC Cyber Academy
2017 2022 2024 2026
NEW PRODUCT & NETWORK
NEW INVESTOR EXPANSION NEW PRODUCT &
● ITSEC Asia launches a new product called
● StoneTree, an international trading corporation IntelliBroń
based in Dubai, UAE, has joined as a major
● Acquisition of ITSEC Australia Pty. Ltd. (Incorporated in PARTNERSHIP
2017) to create Service Centre of Excellence in Australia. ● ITSEC Asia has officially opened its new
investor in ITSEC Asia. ● ITSEC Asia has lntellibroń Aman for individual
representative office in Mauritius
● Acquisition of ITSEC Services Asia Pte. Ltd. (Incorporated customers, lntellibroń Aman for School and
in 2018) to create Service Centre of Excellence in lntellibroń Aman for Enterprise for B2B
Singapore. ● ITSEC Asia joined partnership with ADIGSI
(Asosiasi Digital dan Siber Indonesia)
● The Headquarters of ITSEC Asia relocated from RDTX ● ITSEC Asia joined partnership with INFINIX for
Tower to Noble House, Jakarta, Indonesia Intellibroń Aman (B2C)
● New ITSEC Cyber & AI Academy facilities
CONFIDENTIAL
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Ikhtisar Bisnis
Business Overview
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ITSEC Asia Capabilities
Application Managed
Penetration Audit, Risk Assurance Data Threat Hunting
Security (Compromise Assessment) Security Services
Testing & Red Teaming & Compliance Security/Protection
vCISO Security Digital Forensics & Personal Data DevSecOps
Fraud
vGRC Solutions Integration Incident Response Protection
Management
Research &
SOC Cloud Security OT/IoT Security Cyber Training
Development
CONFIDENTIAL
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ITSEC Competitive Advantages
Top-Tier Client Base Established Partnerships with Best-In-Class
ITSEC has established a strong client base, serving over Cybersecurity Software Providers
60 blue-chip customers across a variety of industries such The Company has established long-term deals with global
as telecommunications, media, transport, energy, software vendors, creating scale economies with leading
government, e-commerce, banking and financial services. cybersecurity players such as Microsoft, SecureWorks,
Checkmarx, Proofpoint, Darktrace and Nextron.
End-To-End Services and Solutions Offering Cybersecurity Technology Innovation
The Company's diverse client offering, ranging from
The Group is involved in several technology IP development
Managed Security Services to Risk and Compliance,
initiatives including AI (Artificial Intelligence) tools and AI-
Application Security, and Digital Forensic & Incident
enabled automation workflows. Management have an
Response, ensures ITSEC’s ability to meet differing client
opportunity to develop and monetize proprietary IP to create
needs while offering multiple growth opportunities.
new long-term revenue streams.
Continuous Improvement in Service Distinctive Value Added Marketing
Capabilities The Group has made significant investments in marketing to
ITSEC's steady investment in new cybersecurity service build awareness through distinctive branding, and value-add
capabilities, including Fraud Management and Critical cybersecurity summits and client events. Furthermore, the
Infrastructure Security, ensures that the Company can Company holds educational symposiums in partnership with
meet evolving client needs and has a growth above 25% Indonesian Universities and institutes of higher education and
per year. runs an internship program for Indonesian students.
Investment in Talent for Premier Client Experienced Leadership team
Service ITSEC's experienced management team in Indonesia,
ITSEC meaningfully invests in company certifications and Singapore and Australia, is committed to building ITSEC Group
accreditations, enhancing employee skills and into a leading international player.
qualifications, resulting in best-in-class service for clients
and low staff churn.
CONFIDENTIAL
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Accredited & Certified
ITSEC Asia is a member of CREST and holds ISO 27001, ISO 9001 and ISO 14001 certifications
Consultant : OSCP, OSCE, OSEP, OSWE, CRT, CPSA, CRTP, CISSP, CISA, CISM, CSXF, CSXP, CEH, GPEN,
GSEC, GCIA, GCIH, GDPR
Project Management : PMP, P2P, P2AP, ITIL-F, CSM, CSPO, CITPM, ICP-ACC
SWIFT CSP Assessment and Cyber
Security Service Providers
ISO certifications and BSSN verification apply to PT ITSEC Asia Tbk, CREST, CSRO & Dubai Cyber Force certification apply to ITSEC Services Asia Pte. Ltd.
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 9
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Strategic Growth, Brand Leadership & Sustainability
Marketing & Partnership Event
Throughout 2026, ITSEC Asia continued to strengthen its position as a key cybersecurity and
digital resilience partner in Indonesia through several strategic initiatives. The company
expanded collaboration with ADIGSI in supporting the National Cyber Resilience Movement,
launched the SHECURE Digital program together with UNFPA to promote safer digital spaces
for women and children, and partnered with Infinix to broaden public access to AI powered Partnership & Marketing Events
digital protection through IntelliBroń Aman integration on smartphones in Indonesia.
Brand Awareness & Media Engagement
ITSEC Asia also strengthened its international visibility through strategic engagement with
global and regional media. The Company participated in interviews and feature discussions
with leading international publications including The Business Times and Nikkei Asia
alongside a series of podcast collaborations and executive media appearances. These
engagements were further supported by the publication of multiple thought leadership and
opinion editorial articles across international technology and cybersecurity media platforms, International Media Interview &
reinforcing the Company’s positioning as an emerging voice in the regional cybersecurity Podcast
landscape.
Environmental, Social & Governance
As part of its commitment to strengthening cybersecurity awareness among younger
generations, ITSEC Asia actively expanded educational and digital literacy initiatives
throughout 2026. The Company welcomed student engagement programs including office
visits from Sekolah Cikal and Telkom University to the ITSEC Headquarters while also
launching the ITSEC CyberSchool Program at SMA Kolese Gonzaga. Through these initiatives, ESG Literacy Programs
the Company aimed to introduce practical cybersecurity awareness and responsible digital
practices to students as part of broader efforts to cultivate future cyber talent in Indonesia.
CONFIDENTIAL
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Makroekonomi &
Strategi
Macroeconomics & Strategies
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Macroeconomics
Market Dynamics & Industry Outlook
● Strengthening Cybersecurity & National Resilience
Indonesia continues to strengthen its focus on national resilience digital governance and strategic infrastructure protection
amid accelerating digital transformation across both public and private sectors. The growing exposure of critical infrastructure
and operational technology environments to cyber threats is increasing demand for cybersecurity readiness security operations
center services compliance support cyber advisory and managed security services. These developments position ITSEC Asia to
continue supporting government institutions regulated sectors and strategic industries through cybersecurity services talent
development initiatives and advanced cyber defense capabilities aligned with national resilience priorities.
● AI Adoption & Evolving Threat Landscape
Globally the rapid adoption of artificial intelligence and expanding digital ecosystems are reshaping the cybersecurity
landscape and increasing operational complexity for organizations. Companies are increasingly seeking faster threat detection
continuous monitoring automation and AI assisted cybersecurity operations to strengthen resilience against evolving threats. In
line with these developments ITSEC Asia continues to advance its AI driven cybersecurity operational initiatives including the
expansion of AI Ops capabilities and the ongoing development of the IntelliBroń ecosystem to support enterprise institutional
and critical infrastructure cybersecurity needs.
References:
● Setkab RI Official Release on Budget Efficiency Measures
● Investing.com Coverage on Indonesia 2026 Budget and National Resilience Allocation
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 12
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Strategies
Strategic Initiatives: Products, Subsidiaries,
and Digital Transformation
ITSEC Cyber & AI Academy, now fully operational, delivering
practitioner-led cybersecurity and AI training to government
institutions, SOEs, and enterprises. ITSEC Cyber & AI Academy
addresses Indonesia’s 85,000-role talent deficit through simulation-
based learning, AI-enabled platforms, and regulatory-aligned curricula
(BSSN, OJK, PDP Law 2024).
IntelliBroń Aman, ITSEC Asia’s automated internet protection system
designed to defend users from online threats. Built and managed by
ITSEC team, this tool acts as a digital armour, analysing traffic in real
time and blocking harmful connections before they reach user’s
device.
AIOps, Internal digital transformation through AI-driven operations: Office Locations:
automating SOC management, threat monitoring workflows, and client Indonesia, Singapore,
delivery pipelines to improve response velocity and scale services Australia, Mauritius
without proportional headcount growth.
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ITSEC Cyber & AI Academy is a strategic initiative by ITSEC Asia that transforms years of real-world
cybersecurity experience into applied learning for institutions. More than a training provider, the
Academy integrates cybersecurity and artificial intelligence to strengthen organizational readiness,
governance, and strategic decision-making.
Through practitioner-led programs and AI-enabled learning environments, ITSEC Cyber & AI
Academy helps institutions build resilient, future-ready digital capabilities.
ITSEC Cyber & Al Academy strengthens organizational capabilities in cybersecurity and Al, focusing
on readiness, strategic decisions, and responsible governance to help institutions face evolving
digital risks. Our approach combines practical experience, policy insight, and applied learning
based on real-world challenges.
Cyber & AI Strengthened Institutional Readiness
Academy What’s
Institution
Cybersecurity Leadership & Strategic
Decisions
On December, 2025, PT ITSEC Asia Tbk officially Gained Fully Aligned Governance &
secured partnership with private cyber security Compliance
firm with value $60Million to support a national from ITSEC
strategic digital & cyber resilience program. Cyber & AI Sustainable Internal Capabilities
CYBR will act as the training provider under
international-standard curricula. Academy
Enhanced Operational Resilience
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 14
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Inovasi
Innovation
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 15
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Our Proprietary Cutting-Edge Solution PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 16
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Built by Indonesian Experts.
Powered by Innovation.
Pioneered by ITSEC’s R&D team, IntelliBroń is the first cybersecurity product
fully developed in Indonesia. Designed to meet global standards, it
harnesses local expertise and cutting-edge threat detection to combat
today’s evolving cyber threats.
Launch 2024 Launch 2025
Launch 2024
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IntelliBroń Aman is an automated internet protection system designed to
defend users from online threats. Built and managed by the ITSEC team, this
tool acts as a digital armour, analysing traffic in real time and blocking harmful
connections before they reach your device.
The following are the key objectives of IntelliBroń Internet Aman
Real-Time Protection Without
Simplified Security Advanced DNS
Protection Interference
Identifying and blocking Removing complexity by Guarding you without Using modern, secure
malicious connections the offering one-tap disrupting your DNS technology
moment they appear protection that runs in the connection or demanding designed for today’s
background. your attention. connected world.
CONFIDENTIAL
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 18
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AI Transformation Journey For a
Company
AI Ops
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AI Transformation Journey For a Company
Navigate the future. Build Resilience. Lead the transformation
Novel LLM attack vectors Autonomous agent-driven 15 years of cyber expertise
(Data Poisoning, Prompt Injection) automation at scale backed by ITSEC Asia
01 Secure 02 Sustained 03 Skilled
AI-Hardened Infrastructure Long term operational Workforce transformation
protected against emerging excellence and competitive through upskilling and
threats advantage continuous learning
● On-premise AI ● Managed AI ● AI Academy &
Deployment & Operation Labs
Hardening
● Continues ● Role-based
● Real-time threat optimization certification
response
● Innovation ● 24/7 advisory
● Regulatory Compliance partnership support
& Governance
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 20
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Ringkasan Kinerja
Keuangan
Summary Financials
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 21
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GROUP FINANCIAL PERFORMANCE
REVENUE CAGR
CAGR 2020 – 2024 CAGR 2020 – 2025
34.6% 48.2%
Revenue 2025 Net Profit 2025
IDR527 Bn IDR65.4 Bn
+62.1% YoY NPM: 12.4%
KEY TAKEAWAY
▪ Revenue grew 7.2× in 5 years (2020–2025), from
IDR 73.5 Bn to IDR 527 Bn.
▪ 2025A is a historic milestone: Net Profit IDR 65.4
Bn with 12.4% NPM.
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GROUP REVENUE PERFORMANCE
REVENUE CAGR
5-Year CAGR 2020 – 2024 Peak YoY Growth (2021A)
48.2% +60.9%
Revenue 2025 Revenue 2019
IDR527 Bn IDR48.4 Bn
KEY TAKEAWAY
• Consistent hypergrowth: 48.2% CAGR over 5 years.
• 2023 slowdown (11.6%) was temporary — growth
rebounded to 62.1% in 2025A.
• Revenue grew 10.9× since 2019.
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 23
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GROUP PROFITABILITY & MARGIN
ANALYSIS
54.0%
Gross
Margin All-Time High
2025
17.6%
Op.
Margin Strong op.
2025 Leverage
12.4%
Net
Margin Turnaround
2025 Confirmed
KEY TAKEAWAY
• 2025A is a breakout year: GPM at 54% and
NPM at 12.4% — both all-time highs.
OPM -22.0% 2.5% 0.5% -15.1% 0.2% 17.6%
• Loss years (2020, 2023) were investment
NPM -13.5% 2.2% 0.5% -17.8% 0.2% 12.4% phases. Profitability is now firmly confirmed
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 24
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GROUP NET PROFIT (LOSS) PERFORMANCE
2025A — TURNAROUND
IDR 65 Bn
Net Margin: 12.4%
YoY: +8,500% from IDR 0.76 Bn (2024A)
2020A 2023A 2025A
IDR - IDR + IDR
16.1 Bn 31.4 Bn 65.0 Bn
KEY TAKEAWAY
▪ After two loss cycles (2020, 2023), 2025A delivered
Net Profit of IDR 65 Bn.
▪ This is the largest profitability leap in ITSEC Group's
Net history.
Margin -22.0% 2.5% 0.5% -15.1% 0.3% 12.0%
▪ Net Margin of 12.4% confirms a sustainable and healthy
growth trajectory.
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 25
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Financial Ratio Analysis
FY 2025 · Audited
LIQUIDITY
Liquidity · Solvency
Current Ratio Quick Ratio Working Capital
3.05× 3.04× IDR 208 B
(Current Assets – Inv.) / Current
Current Assets / Current Liabilities Current Assets – Current Liabilities
Liab. Key Takeaway:
✓ Healthy ( > 2× ) ✓ Solid ✓ Positive, +100% YoY Balance sheet
strengthened materially.
DER fell from 1.75× to
SOLVENCY / LEVERAGE 0.63× on a IDR 90.7 B
warrant exercise.
Debt-to-Equity (DER) Debt-to-Assets (DAR) Gearing Ratio Gearing ratio of 0.20×
signals ample
0.63× 0.38× 0.20× headroom for future
Total Liabilities / Total Equity Total Liabilities / Total Assets Net Debt / Total Equity
growth.
↓ Down from 1.75× (FY2024) ✓ Conservative & low ↓ Down sharply from 1.13×
Source: Consolidated Financial Statements · PT ITSEC Asia Tbk · December 31, 2025 · Audited by Morhan & Rekan
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 26
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Financial Ratio Analysis
FY 2025 · Audited
LIQUIDITY · Profitability ·
· Growth ·
Gross Profit Operating Net Profit Return on Equity · EPS ·
Margin Margin Margin (ROE)
54.0% 17.6% 12.4% 25.5% Basic EPS
Gross Profit / Revenue Operating Inc. / Revenue Net Income / Revenue Net Income / Total Equity IDR 9.72
↑ from IDR 0.12 (FY2024)
↑ from 36.2% (2024) Turnaround from loss ✓ Double-digit margin ↑ Equity +164% YoY
GROWTH (YoY) & EPS
Key Takeaway: GPM
Revenue Gross Profit expanded to 54.0%,
operating margin
+62.1% +141.6% recovered to 17.6%, and
EPS surged 81× YoY to
Net Income Total Assets IDR 9.72 — a full
earnings turnaround.
+8,502% +56.2%
Source: Consolidated Financial Statements · PT ITSEC Asia Tbk · December 31, 2025 · Audited by Morhan & Rekan
PUBLIC Copyright © 2026 ITSEC Asia. All rights reserved. | 27
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Thank You
INDONESIA SINGAPORE AUSTRALIA DUBAI MAURITIUS
Noble House, Level 11. 112 Robinson Road, #11-04 Level 18, 390 St Kilda Road Office 13, Floor M, Palm Jumeirah The Catalyst Building, Ground
Jakarta 12950, Indonesia Singapore 068902 Melbourne Victoria 3004 Golden Mile Building 4, Dubai, Floor, Lot 40, Silicon Avenue
UAE Ebene, Mauritius
contact@itsec.asia contact@itsec.sg info@itsec.com.au info@itsec-cyber.ae contact@itsecasia.com
+62 (21) 29783050 +65 3159 1145 +61 403 185 051 +971 4 558 7217 +65 3159 1145
42 42
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Siber & Sandi Negara
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PT ITSEC Cyber Academy
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ITSEC Australia Pty. Ltd.
p.6
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ITSEC Services Asia Pte. Ltd.
p.6 ×2
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Morhan & Rekan
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