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Page 1 OCR 0.904
FOR IMMEDIATE RELEASE
March 27, 2024

AMMAN Reports FY2023 Earnings Results
FULL-YEAR 2023 PRODUCTION AND SALES SURPASSED PRE-IPO GUIDANCE

Key Highlights

s  FY2023 copper production was 312 million Ibs (“Mlbs”), with a sales volume of 304 Mlbs.

s  FY2023 gold production was 463 kilo oz (“Koz”), with a sales volume of 455 Koz.

#  FY2023 concentrate production was 541,893 dry metric tonne (“dmt”), with a sales volume of
548,313 dmt.

#  FY2023 EBITDA was US$1,019 million.

#  FY2023 net income was US$465 million (before IUPK PNBP) or US$259 million (after IUPK
PNBP).

# Production and sales in A4 2023 increased significantly compared to @3.

# Copper and gold production in 2023 surpassed pre-IPO guidance by 1496 and 24X,
respectively.

» The copper smelter and precious metals refinery (“PMR”) achieved 76.196 and 72.74
completion, respectively, beyond the set target.

Jakarta, March 27, 2024 - PT Amman Mineral Internasional Tbk (IDX: AMMN) ("AMMAN": the
"Company": or "We”), a company that operates the second largest copper and gold mine in
Indonesia, the Batu Hijau mine, today announced its full-year 2023 financial and operational results.

“In 2023, we faced and overcame a series of challenges, such as inclement weather conditions,
adverse regulatory shifts, and rising compliance costs. Our resilience led to a record-breaking year
at Batu Hijau, with mining output reaching unprecedented levels. We exceeded our pre-IPO
projections for copper and gold production by 1446 and 24X, respectively, although we fell short of
our post-IPO guidance by 796 for copper and 8X for gold. Our expansion projects, including the
smelter and PMR, advanced on schedule and even surpassed our year-end goals. A pivotal moment
for AMMAN was our successful listing on the Indonesia Stock Exchange (“IDX”) on July 7, 2023. Our
dedication to innovation and excellence remains unwavering as we strive to surpass expectations and
set new standards for the industry,” said Alexander Ramlie, President Director of AMMAN.

“The last guarter of 2023 was our strongest performing period, where the guarter-on-guarter growth
of our net sales and EBITDA was at 5596 and 6046, respectively. However, the record-breaking rainfall
in the first few months of 2023 led to extremely high water levels at the pit bottom, forcing us to
produce concentrate from stockpiles for the first seven months of 2023, which has a lower grade
than fresh ore. This extreme weather negatively impacted our net income significantly. Furthermore,
our net income in 2023 was also heavily affected by the new 1096 export duty and 10X profit-sharing
obligation (“IUPK PNBP”). It was a strenuous year, but we made significant progress in the fourth

PT AMMAN MINERAL INTERNASIONAL TBK 1
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
Page 2 OCR 0.909
guarter. If fourth-guarter net sales were to be annualized, we would have broken the net sales
record set in 2022," said Arief Sidarto, Director of Finance of AMMAN.

AMMAN FY2023 Key Operational and Financial Highlights

FY2023 FY2022 4 Change
Operating metrics
Concentrate production (dmt) 541,893 792,892 (3296)
Concentrate sales (dmt) 548,313 804,395 (321)
Copper production (Mlbs) 312 464 (339)
Copper sold (Mlbs) 304 451 (339)
Copper price net (US$/Ib) 3.78 3.56 695
Gold production (Koz) 463 731 (3726)
Gold sold (Koz) 455 703 (35x)
Gold price net (US$/oz) 1,948 1,737 124
Materials mined (Mt) 316 304 44
MiII throughput (Mt) 36 4 (1126)
FY2023 FY2022 4 Change
Financial metrics (US$m)
Total net sales 2,033 2,830 (2896)
EBITDA 1,019 1,734 (4126)
Net income (before IUPK PNBP) 465 1,099 (58X)
Net income (after IUPK PNBP) 259 1,099 (7696)
Adjusted C1 Cost (US$/Ib)' (0.73) (0.70) 44
Capex 1,520 696 184
Per Dec 2023 Per Dec 2022 5 Change
Cash and cash eguivalents 1,229 818 50X

?Adjusted for movement of deferred stripping costs and movement in stockpiles and concentrate inventories.
Production

In 2023, AMMAN achieved a landmark year in mining operations, with material output reaching its
highest levels since the commencement of operations of Batu Hijau in 2000. The extraordinary
capabilities of our mining team were on display in October when we surpassed all historical monthly
production volumes ever recorded in Batu Hijau. This momentum carried into the fourth guarter,
where we delivered approximately 198,000 dmt of copper concentrate, constituting 36X of the fiscal
year's total volume produced. In addition to operational efficiencies, reduced diesel prices led to a
246 reduction in unit mining costs year-on-year, from US$2.28/ton to US$2.23/ton.

However, the year was not without its adversities. We had to navigate harsh weather conditions and
operational complexities resulting from record-breaking rainfall, which curtailed our production.
Notwithstanding our mining team's ability to rapidly dewater the pit, the first seven months
witnessed significant mud accumulation due to sustained, high levels of pit water, which impacted
the grade, volume, and stability of the ore delivered to the processing plant. Another challenge was
the government's delay in issuing import permits for critical haul truck tires, resulting in unplanned
operational downtime from December to January.

012023 02 2023 @3 2023 04 2023

Concentrate production (dmt) 139,360 94,258 10,623 197,652

Copper production (Mlbs) 80 53 66 13

Gold production (Koz) 124 47 88 204
PT AMMAN MINERAL INTERNASIONAL TBK 2

MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
Page 3 OCR 0.907
Net sales

In 2023, net sales decreased by 28X when compared to 2022, mainly due to the unprecedented
rainfall (Oct 2022 - Apr 2023), which forced us to process low-grade ore from stockpiles, resulting
in lower copper (3396) and gold (3596) sales volumes, offset by a 6X and 124 increase in the average
selling prices of copper and gold, respectively. However, A4 2023 sales were the strongest during
2023, with an increase of 5596 compared to A3 2023.

EBITDA

AMMAN reported EBITDA of US$1,019 million in 2023, representing a 414 decrease from US$1,734
million in 2022. Lower net sales, higher export duty, and government royalties for gold primarily drove
this year-on-year decrease. However, 04 2023 was the strongest guarter in terms of production and
financial performance. 44 2023 EBITDA increased by 6026 when compared to 43 2023.

Net income

AMMAN reported a net income of US$465 million in 2023, with a margin of 2396. However, when
considering the impact of the 1096 profit-sharing obligation, the net income is US$259 million, with
a margin of 134. Several factors significantly affected our FY2023 net income, including:
(1) Operations

» The decrease in sales led to lower profitability.

# Higher depreciation and amortization.
(2) Regulatory environment

e  Increase export duty to 104 (compared to 0X under the previous regulations).

# Profit sharing obligation (IUPK PNBP) - 1096 of AMNT's total profit after corporate income tax

based on the annual audited financial statement.

Adjusted C1 Cost

C1Cash Costis a metric representing the costs of extracting and processing the Company's principal
metal product, copper, toa condition in which it may be delivered to customers net of gold and silver
credits from concentrate sold. Our adjusted C1 Cost in FY2023 was US$(0.73) per Ib slightly better
than US$(0.70) per Ib in FY2022, given the improved contribution of gold as a by-product credit.

Capex

AMMAN's total capital expenditure in FY2023 was US$1,520 million, up 11846 compared to FY2022.
The increase is mainly due to the expansion projects, with a breakdown as follows: sustaining capex
of US$415 million: smelter capex of US$386 million: combined cycle power plant (“CCPP”), liguefied
natural gas (“LNG”), and transmission and distribution (“T&D”) facilities of US$158 million: and
processing plant expansion of US$561 million.

AMMAN is obliged to achieve mechanical completion of the copper smelter and PMR construction by
the end of May 2024. An independently verified guarterly progress report covering the period from

PT AMMAN MINERAL INTERNASIONAL TBK 3
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
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October to December 2023 stated that construction progress of the copper smelter had reached
761X, which is 105.96 of the scheduled target of 72.456. Meanmwhile, construction of the PMR had
reached 72.74 or 100.74 of the year-end target of 72.1X. Our accumulated capital expenditure
spending is up to US$604 million on copper smelter and PMR projects, US$273 million in the CCPP,
LNG, and T&D facilities, US$753 million in processing plant expansion projects (including the redesign
capex) until December 31, 2023.

Debt

As of the end of December 2023, AMMAN had a total debt of US$3,215 million and a net debt of
US$1,987 million. The debt maturity profile has been structured to allow AMMAN to focus on its
expansion program.

Maturity Balance
date (US$m) Notes

Cash and cash eguivalents 1,229
AMNT Working Capital Loan 23-Dec-27 88
AMNT Working Capital Loan II 13-Jan-24 60 Fully drawn down in Dec 2023
AMNT Working Capital Loan III 21-Jan-24 50 Fully drawn down in Dec 2023

Loan facility of USS1,750 m, fully drawn down
in Jun 2023
Loan facility of up to US$750 m, fully drawn

AMNT Term Loan Facility II 23-Dec-27 1,721

AMNT Term Loan Facility III 23-Dec-27 729 down in Jul 2023

AMNT Term Loan 23-Dec-27 118 Fully drawn down in Aug 2023

Total AMNT Debt 2,765

AMIN Term Loan Facility 31-Dec-31 a50 basilty of US1,298 m, which includes a
Total AMIN Debt 450

Total Debt 3,215

Total Net Debt 1,987

Environmental, Social and Governance (ESG) Update

e  AMNT received recognition from the Subroto Awards, the most prestigious recognition from
Indonesia's Ministry of Energy and Mineral Resources (“ESDM”) for stakeholders who have
demonstrated significant contributions in advancing Indonesia's energy and mineral
resources sector. AMNT won two 2023 Subroto Awards for its Community Nursery Program
and Stunting Prevention Innovation Program.

e  AMNT was also awarded three Good Mining Practice (“GMP”) Awards 2023 from the
Directorate General of Mineral and Coal, ESDM: the Aditama Award for Environmental
Protection Management, the Utama Award for Mining Technical Management, and the Utama
Award for Standardization and Business Services.

# In September 2023, AMNT also signed a Letter of Commitment (“LoC”) with The Copper Mark,
the first and only assurance framework for copper, created to demonstrate responsible
production practices and the industry's contribution to the United Nations Sustainable
Development Goals, or SDGs. The association with The Copper Mark describes the Company's
commitment to implementing best practices in every aspect of its operations.

e In January 2024, AMMAN was given an initial MSCI ESG rating of BBB, which indicates average
ESG performance. This rating is automatically generated using Al using publicly available

PT AMMAN MINERAL INTERNASIONAL TBK 4
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
Page 5 OCR 0.926
information from the internet, which may not consider some material ESG initiatives already
in place in Amman. We will provide additional information to the MSCI ratings team toaddress
our ESG rating.

Company Outlook

In 2024, we expect to produce 833,000 dmt of concentrate, which we forecast to contain 456 Mlbs
of copper, and slightly over 1 million oz of gold. This production target is driven by the high-grade
fresh ore from Phase 7 that will be mined and processed. The focus should be on the volume of
payable metals (in the form of copper and gold) rather than the volume of concentrate, as revenues
are driven by the metal content of concentrate, not the volume of concentrate.

Operating and Financial Measures Full Year 2024 Guidance
Copper production 456 Mlbs
Gold production 1,009 Koz
Concentrate production 833,000 dmt
Adjusted C1 cost US$(0.35) per Ib
Smelter progress Mechanical Completion by end of May 2024
CAPEX
Smelter & PMR US$415 million
CCPP, LNG and T&D facilities US$438 million
Processing plant expansion US$530 million
Supporting infrastructure US$205 million
Processing plant expansion redesign US$114 million
Sustaining capex US$303 million
Total Capex US$2,005 million

We added two new items for capex: Supporting Infrastructure and Processing Plant Expansion
Redesign. The supporting infrastructure includes the new townsite, port, transport, and ancillary
facilities. The redesigning of the processing plant expansion was due to tightening design standards
set by the Government of Indonesia.

We expect the smelter construction to progress as scheduled, with mechanical completion in end of
May 2024 as reguired by the Government. Upon the mechanical completion of the smelter, we will
focus on the smelter commissioning and production ramp-up for 4 to 5 months to produce the first
refined copper metals.

Our guidance represents our expectations as of the date of this press release and may be subject to
change.

#44

PT AMMAN MINERAL INTERNASIONAL TBK 5
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
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About AMMAN

PT Amman Mineral Internasional Tbk (IDX: AMMN) is the largest copper and gold producer on the
Indonesian Stock Exchange. Through its subsidiary, PT Amman Mineral Nusa Tenggara ("AMNT"), the
Company owns and operates the Batu Hijau mine, Indonesia's second-largest copper-gold mine.
AMNT also processes ore into concentrate and conducts exploration activities at the Elang project.
Through PT Amman Mineral Industri ("AMIN")'s subsidiary, a copper smelter and a precious metals
refinery (“PMR”) are under construction and targeted toachieve mechanical completion in May 2024.
After the copper smelter and PMR facilities are completed, AMMAN will become a fully integrated
mining-to-smelting business near key end-market regions in Asia. We are committed to leading with
sustainable practices and creating a legacy of the best for Indonesia.

Disclaimer

This press release and its information have been prepared by PT Amman Mineral Internasional Tbk.
(IDX: AMMN) solely for information purposes only and does not constitute a recommendation
regarding any securities of the Company. The information in this document should be considered in
the context of the prevailing circumstances, is subject to change without notice, and will not be
updated to reflect material developments that may occur after the date hereof. Certain statements
in these materials constitute "forward-looking statements" and information with respect to the
future financial condition, results of operations, and certain plans and objects of management of the
Company and the Group. Such forward-looking statements are made based on management's
current expectations or beliefs and assumptions made by, and information currently available to,
management. Neither the Company nor its advisers assumes any responsibility to update forward-
looking statements or adapt them to future events or developments.

Contacts
Media:

Kartika Octaviana, Vice President Corporate Communications & Investor Relations
communications@amman.co.id

Vemmy Febrianti, Corporate Secretary & Legal

Investors / Analysts:

AMMAN
: ions@ .

PT AMMAN MINERAL INTERNASIONAL TBK 6
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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Page 7 OCR 0.940
Additional Information

Our Phase 7 ore mining at the Batu Hijau mine is underway and will continue through 2024.
Concurrently, Phase 8 waste removal is progressing as planned and will commence Phase 8 ore
mining in 2025 through 2030. Based on a series of ore reserves statements prepared by an
independent mining consultant with drilling and resource modeling in 2020, Phase 8 is expected to
produce 458 Mt of ore amounting to 3.86 Blbs of copper and 5.30 Moz of gold, effectively extending
the mine life for six years. We are committed to employing advanced technigues and reconfiguring
mining seguences to enhance productivity and efficiency.

The Elang Deposit is one of the world's largest undeveloped porphyry copper and gold deposits near
the Batu Hijau mine. Once Phase 8 ore mining is completed, AMMAN intends to commence
production at the Elang mine. The Elang mine will utilize the existing processing infrastructure at Batu
Hijau throughout its mine life. The ongoing Definitive Feasibility Study for Elang is expected to be
completed in 2024.

Expansion Projects

We are expanding our processing plant to increase capacity to 85 million tonnes per annum ("Mtpa"),
more than double our current capacity. This will enable us to process ore supply from Batu Hijau's
Phase 8 and Elang in the future, which is necessary to meet the growing demand for our products. At
the same time, we are constructing a 450 MW CCPP and its supporting LNG facilities. We remain
committed to minimizing our impact on the environment.

Smelter Construction

AMMAN is currently constructing copper smelter and PMR facilities with an aggregate input capacity
of 900,000 metric tons per annum (“tpa") of concentrate from the Batu Hijau mine and the future
Elang mine. The copper smelter will produce up to 222 kilotonnes per annum (“Ktpa”) of copper
cathode and 830 Ktpaof sulfuric acid. Meanwhile, the PMR facility will receive 970 tpa anode slime
input from the smelter. The PMR facility will produce 18 tpa of gold bars, 55 tpa of silver bars, and 70
tpa of selenium. As of December 2023, our smelter and PMR projects have reached 76.16 and 72.746!
of targetcompletions, respectively, with mechanical completion expected in May 2024. The
construction of the smelter project is in line with Indonesia's strategic focus on downstream
activities.

Export Permit

On July 24, 2023, AMMAN received an export permit granted by Indonesia's Ministry of Trade to
export concentrate. The permit for 900,000 wet metric tons of concentrate is valid from July 24,
2023, to May 31, 2024. In accordance with Peraturan Menteri Keuangan No. 71/2023, we expect to
pay export duty at a rate of 1096 until May 31, 2024. We will continue to communicate with the
Government to increase our export license tonnage (as deemed necessary) and continue concentrate
exports until our smelter is fully operational.

1 Note: Data verified by a competent and independent third party and acknowledged by the Ministry of Energy
and Mineral Resources.

PT AMMAN MINERAL INTERNASIONAL TBK 7
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
Page 8 OCR 0.906
ATTACHMENTS

DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

PT AMMAN MINERAL INTERNASIONAL TBK

Laporan Posisi Keuangan Konsolidasian

31 Desember 2023 dan 2022

(Disajikan dalam Ribuan Dolar Amerika Serikat,

Kecuali Dinyatakan Lain)

ASET

ASET LANCAR
Kas dan setara kas

Catatan/
Notes.

Kas yang dibatasi penggunaannya

- bagian lancar
Piutang usaha
Aset derivatif - bagian lancar
Persediaan, bersih
Stockpiles - bagian lancar
Pajak penghasilan dibayar dimuka
Piutang pajak lainnya
Biaya dibayar dimuka dan

aset lancar lainnya

- Pihak ketiga

- Pihak berelasi

Jumlah Aset Lancar

ASET TIDAK LANCAR

SPunyo0

13
13,28

Kas yang dibatasi penggunaannya

- bagian tidak lancar
Aset derivatif

- bagian tidak lancar
Stockpiles - bagian tidak lancar
Piutang pajak penghasilan
Piutang pajak lainnya
'Aset pajak tangguhan
Aset tetap, bersih
Properti pertambangan, bersih
Biaya pengupasan lapisan tanah

yang ditangguhkan, bersih
Investasi jangka panjang
Goodwill
Aset tidak lancar lainnya

- Pihak ketiga

- Pihak berelasi

Jumlah Aset Tidak Lancar

JUMLAH ASET

(Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian

18
8a
8a
10
1
14

13
13,28

secara keseluruhan.

PT AMMAN MINERAL INTERNASIONAL TBK

MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950

Consolidated Statements of Financial Position

December 31, 2023 and 2022

(Expressed in Thousands of United States Dollars,

—2022 —

1,228,597 817,758
155,691 578
395,590 339,589
15,636 8,108
153,235 167,270
212,041 302,735
41,708 2
224,056 122,999
117,764 95,340

z 26,895

544,318 1,881,272
52,568 65,585
661 734
1,035,257 1,141,611
- 6,821

10,042 9,841

- 386
2,819,621 1,281,954
106,426 199,606
2,221,497 1,547,676
240,244 225,634
47,712 47,712
12,659 84,079
6,048 6,048
6,552,735 4,617,687

——9,097,053 — — 6,498,959

T. 462 212554 6700

F

Unless Otherwise Stated)

ASSETS

CURRENT ASSETS
Cash and cash eguivalents

Restricted cash - current portion
Trade receivables
Derivative assets - current portion
Inventories, net
Stockpilos - current portion
Prepaid income tax
Other tax receivables
Prepayments and

other current assets

Third parties -

Related party -

Total Current Assets

NON-CURRENT ASSETS
Restricted cash

- non-current portion
Derivative assets

- non-current portion
Stockpiles - non-current portion
Income tax receivable
Other tax receivables
Deferred tax asset
Property, plant and eguipment, net
Mining properties, net

Deferred stripping costs, net
Long term investments
Goodwill
Other non-current assets
Third parties -
Related parties -

Total Non-Current Assets

TOTAL ASSETS

The accompanying notes to the consolidated financial statemenis form
an integral part of these consolidated financial statements.

462 21 5794 4592

8

amman.co.id

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Page 9 OCR 0.926
PT AMMAN MINERAL INTERNASIONAL TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

Laporan Posisi Keuangan Konsolidasian

Consolidated Statements of Financial Position

31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam Ribuan Dolar Amerika Serikat, (Expressed in Thousands of United States Dollars,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
Notes 2023 2022

LIABILITAS DAN EKUITAS LIABILITIES AND E@UITY
LIABILITAS LIABILITIES
LIABILITAS JANGKA PENDEK CURRENT LIABILITIES
Pinjaman bank jangka pendek 16 197,670 99,000 Short term bank loans
Trade payables and

Utang usaha dan beban akrual accrued expenses

- Pihak ketiga 15 499,491 224,032 Third parties -

Pihak borclasi 15,28 11,503 7,711 Rolatod partios -
Utang pajak penghasilan 8b 85 179,590 Income tax payable
Utang pajak lainnya 8b 15,078 11,741 Other tax payables
Liabilitas reklamasi dan penutupan Reclamation and closure liabilities

tambang - bagian lancar 19 12,812 15,139 - current portion
Liabilitas derivatif Derivative liabilities

- bagian lancar 18 1,305 - - current portion
Pinjaman bank jangka panjang Long term bank loans

- bagian lancar 17 26,105 5,000 - current maturities
Liabilitas jangka pendek lainnya Other current liabilities

- Pihak ketiga 21 - 216 Third parties -

- Pihak berelasi 21,28 10,071 3,376 Related parties -
Jumlah Liabilitas Jangka Pendek TTAA 545,805 Total Current Liabilities
LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES
Pinjaman bank jangka panjang, bersih Long term bank loans, net

- setelah dikurangi bagian lancar 17 2,991,598 1,696,246 - net of current maturities
Liabilitas reklamasi dan penutupan Reclamation and closure liabilities

tambang - bagian tidak lancar 19 277,151 303,891 - non-current portion
Liabilitas imbalan kerja 20 5,340 3,653 Employee benefit liabilities
Liabilitas pajak tangguhan, bersih 8d 329,890 294,461 Deferred tax liabilities, net
Liabilitas derivatif Derivative liabilities

- bagian tidak lancar 18 29,153 9,783 - non-current portion
Liabilitas jangka panjang lainnya Other non-current liabilities

- Pihak ketiga 21 2,654 304 Third parties -

- Pihak berelasi 21,28 51,602 35,517 Related parties -
Jumlah Liabilitas Jangka Panjang 3,687,388 2,343,855 Total Non-Current Liabilities
JUMLAH LIABILITAS 4,461,508 2,889,660 TOTAL LIABILITIES

Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
secara keseluruhan.

MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T.

The accompanying notes to the consolidated financial statements form
an integral part of these consolidated financial statements.

7

462212554 6700 FK. 462 215794 4502 amman.co.id

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AMMAN
Page 10 OCR 0.908
PT AMMAN MINERAL INTERNASIONAL TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

Laporan Posisi Keuangan Konsolidasian Consolidated Statements of Financial Position
31 Desember 2023 dan 2022 December 31, 2023 and 2022
(Disajikan dalam Ribuan Dolar Amerika Serikat, (Expressed in Thousands of United States Dollars,
Kecuali Dinyatakan Lain) Unless Otherwise Stated)
Catatan/
Notes 2023 2022
EKUITAS Ea@VITY
Modal saham - nilai nominal Capital stock - par value
Rp 125 per saham IDR 125 pershare
Modal dasar - Authorized -
113.360.000.000 saham 113,360,000,000 shares
Modal ditempatkan dan disetor - Issued and paid-up -
72.518.217.656 saham pada 72,518,217,656 shares
tanggal 31 Desember 2023 dan as of December 31, 2023 and
65.587.672.856 saham pada 65,587,672,856 shares
tanggal 31 Desember 2022 22a 659,301 601,814 as of December 31, 2022
Tambahan modal disetor 22a 1,720,040 998,341 Additional paid-up capital
Cadangan lainnya (1,929) 8,188 Other reserves
Dampak dari transaksi ekuitas Effect of eguity transactions of
entitas anak (270,223) (270,223) a subsidiary
Selisih kurs karena penjabaran Foreign exchange adjustment on
laporan keuangan (423) (430) translation of financial statements
Saldo laba Retained earnings
Dicadangkan 22b 50 40 Appropriated
Belum dicadangkan 2,443,153 2191,019 Unappropriated
Jumlah Ekuitas yang Dapat
Diatribusikan kepada Pemilik Total Eguity Attributable to
Entitas Induk 4,549,969 3,528,749 Owners of The Parent Entity
Kepentingan nonpengendali 23 85,576 80,550 Non-controlling interests
JUMLAH EKUITAS 4,635,545 3,609,299 TOTAL E@UITY
JUMLAH LIABILITAS DAN EKUITAS . 8.097,053 6,498,959 TOTAL LIABILITIES AND EGUITY
(Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements form
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian an integral part of these consolidated financial statements.
secara keseluruhan.
-3-
PT AMMAN MINERAL INTERNASIONAL TBK 10

MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T. 4622125546700 F. 462 21 5794 4592 amman.co.id

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AMMAN
Page 11 OCR 0.916
PT AMMAN MINERAL INTERNASIONAL TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

Laporan Laba Rugi dan

Penghasilan Komprehensif Lain Konsolidasian
Untuk Tahun-tahun yang Berakhir

31 Desember 2023 dan 2022

(Disajikan dalam Ribuan Dolar Amerika Serikat,
Kecuali Dinyatakan Lain)

Consolidated Statements of Profit or Loss

and Other Comprehensive Income

For the Years Ended

December 31, 2023 and 2022

(Expressed in Thousands of United States Dollars,
Unless Otherwise Stated)

Catatan/
Notes. — 2023 — 2022
PENJUALAN SALES
Penjualan tembaga, bersih 1,147,914 1,608,524 Sales — copper, net
Penjualan emas, bersih 885,451 1,221,598 Sales — gold, net
Penjualan Bersih 24 2,033,365 2,830,122 Net Sales
BEBAN POKOK PENJUALAN 25 1.131.441) 1.191.250) COSTS APPLICABLE TO SALES
LABA KOTOR 901,924 638,872 GROSS PROFIT
BEBAN OPERASIONAL OPERATING EXPENSES
Beban akresi 19 (19,522) (19,939) 'Accretion expenses
Beban eksplorasi (15,498) (17,482) Exploration expenses
Beban pemasaran, umum Marketing, general and
dan administrasi 26 (99.679) 74.031) administrative expenses
Jumlah Beban Operasional (134,699) (111,452) Total Operating Expenses
LABA OPERASIONAL 767,225 1,527,420 OPERATING PROFIT
(BEBAN)/PENDAPATAN LAIN OTHER (EXPENSES)/INCOME
Bagian laba dari entitas asosiasi Share in profit of associate
dan ventura bersama, bersih 12 19,529 16,619 and joint ventures, net
Amortisasi kerugian yang belum
direalisasi atas transaksi Amortization of unrealized loss
dengan entitas asosiasi 12 - (6,757) on transaction with associate
Beban keuangan 16,17,21 (194,948) (142,402) Finance costs
Pendapatan lainnya, bersih 1.265 13,167 Other income, net
Jumlah Beban Lain, Bersih 168,154) (119,373) Total Other Expenses, Net
LABA SEBELUM PAJAK 599,071 1,408,047 PROFIT BEFORE TAX
BEBAN PAJAK PENGHASILAN 8c 133,642) 309,275) INCOME TAX EXPENSE
LABA TAHUN BERJALAN PROFIT FOR THE YEAR
SEBELUM PENERIMAAN BEFORE NON-TAX
NEGARA BUKAN PAJAK 465,429 1,098,772 GOVERNMENT REVENUE
Penerimaan negara bukan pajak 15 206,540) - Non-tax government revenue
LABA TAHUN BERJALAN 258,889 1,098,772 PROFIT FOR THE YEAR

Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
secara keseluruhan,

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950 T.

The accompanying notes to the consolidated financial statements form
an Integral part of these consolidated financial statements.

1

4622125546700 F. 462 21 5794 4502 amman.co.id

NNNW

AMMAN
Page 12 OCR 0.890
Laporan Laba Rugi dan

PT AMMAN MINERAL INTERNASIONAL TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

Consolidated Statements of Profit or Loss

Penghasilan Komprehensif Lain Konsolidasian

Untuk Tahun-tahun yang Berakhir

31 Desember 2023 dan 2022

(Disajikan dalam Ribuan Dolar Amerika Serikat,

Kecuali Dinyatakan Lain)

PENGHASILAN/(RUGI)
KOMPREHENSIF LAIN
Pos yang akan
direklasifikasi ke laba rugi
Transaksi derivatif
Pajak sehubungan dengan
transaksi derivatif
Bagian penyesuaian translasi
dari entitas asosiasi

Pos yang tidak akan
direklasifikasi ke laba rugi
Pengukuran kembali

liabilitas imbalan kerja
Pajak sehubungan dengan

pengukuran kembali

liabilitas imbalan kerja

Jumlah (Rugi)/Penghasilan

Komprehensif Lain, Setelah Pajak

JUMLAH PENGHASILAN
KOMPREHENSIF
TAHUN BERJALAN

JUMLAH LABA TAHUN
BERJALAN YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali

JUMLAH PENGHASILAN
KOMPREHENSIF TAHUN
BERJALAN YANG DAPAT
DIATRIBUSIKAN KEPADA:
Pemilik entitas induk
Kepentingan nonpengendali

LABA PER SAHAM YANG DAPAT

DIATRIBUSIKAN KEPADA
PEMILIK ENTITAS INDUK
(nilai penuh)

(Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian
secara keseluruhan

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950

and Other Comprehensive Income

For the Years Ended
December 31, 2023 and 2022

(Expressed in Thousands of United States Dollars,

23

Catatan/
Notes 2023 2022

18 (13.220) 20,424
8d 2,908 (4,493)
12.———”“/“RI9), oU A.I9S

— 10,591) —— 17,726
20 66 30
G3 Ba NG 1.) PE (4

(10.539) 174

———248,350 . 1,116,521

252,144
6,745

——258,889 ... 1,098,772

1,093,488
5,284

241,703
6.647

——248,350 .. 1,116,521

1,110,608
5,913

0.00367 0.01667

T. 462212554 6700 F.

462 21 5794 4592

Unless Otherwise Stated)

OTHER COMPREHENSIVE
INCOME/LOSS)
Items that will be reclassified
subseguently to profit orloss
Derivative transaction
Related income tax on
derivative transaction
Sharo in translation
adjustment of associate

Items that will not be reclassified
subseguently to profit or loss
Remeasurement of defined
employee benefit liabilities
Related income tax on
remeasurement of defined
employee benefit liabilities

Total Other Comprehensive
(Loss)/Income, Net of Tax

TOTAL COMPREHENSIVE
INCOME FOR THE YEAR

TOTAL PROFIT FOR THE
YEAR ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interests

TOTAL COMPREHENSIVE
INCOME FOR THE YEAR
ATTRIBUTABLE TO:
Owners of the parent entity
Non-controlling interests

EARNINGS PER SHARE
ATTRIBUTABLE TO OWNERS
OF THE PARENT ENTITY
(full amount)

The accompanying notes to the consolidated financial statements form
an integral part of these consolidated financial statements.

12

amman.co.id

NNNW

AMMAN
Page 13 OCR 0.911
PT AMMAN MINERAL INTERNASIONAL TBK
DAN ENTITAS ANAK/AND ITS SUBSIDIARIES

Laporan Arus Kas Konsolidasian

Untuk Tahun-tahun yang Berakhir

31 Desember 2023 dan 2022

(Disajikan dalam Ribuan Dolar Amerika Serikat,
Kecuali Dinyatakan Lain)

Consolidated Statements of Cash Flows

For the Years Ended
December 31, 2023 and 2022

(Expressed in Thousands of United States Dollars,

Catatan/
Notes 2023 2022

ARUS KAS DARI

AKTIVITAS OPERASI
Penerimaan dari pelanggan 6,24,25 2,008,461 2,686,318
Pembayaran kepada pemasok (1172735) (1,281,599)
Pembayaran royalty, pajak dan

penerimaan negara bukan pajak (757,484) (271,924)
Pembayaran beban keuangan 16,17,21 199.454) 142,278)
Kas bersih (digunakan untuk)/

diperoleh dari aktivitas operasi 121,212) 990.517
ARUS KAS DARI

AKTIVITAS INVESTASI
Perolehan aset tetap 9,31 (1,499,597) (452,797)
Uang muka perolehan aset tetap 13 (20,009) (147,718)
Akuisisi entitas anak, setelah

dikurangi kas yang diterima (101) -
Akuisisi ventura bersama - (3,911)
Pembayaran untuk penambahan

properti pertambangan 10 -. (91,765)
Kas digunakan untuk

aktivitas investasi (1,519,707) 696,191)
ARUS KAS DARI

AKTIVITAS PENDANAAN
Penerimaan dari pinjaman

bank jangka pendek 16 110,000 -
Pembayaran untuk pinjaman

bank jangka pendek 16 (11,330) (11,000)
Penerimaan dari pinjaman

bank jangka panjang 17 1,910,232 1,150,000
Pembayaran untuk pinjaman

bank jangka panjang 17 (584,177) (4,175,000)
Penerimaan dari

penerbitan modal saham 22a 795,833 -
Pembayaran biaya emisi saham 22a (16,647) -
Perubahan pada kas yang

dibatasi penggunaannya 5 (142,096) (4,370)

Kas bersih diperoleh dari/(digunakan
untuk) aktivitas pendanaan

KENAIKAN BERSIH
KAS DAN SETARA KAS

KAS DAN SETARA KAS
PADA AWAL TAHUN

Pengaruh perubahan kurs
mata uang asing

KAS DAN SETARA KAS
PADA AKHIR TAHUN

Catatan atas laporan keuangan konsolidasian terlampir merupakan
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian

secara keseluruhan.

PT AMMAN MINERAL INTERNASIONAL TBK
MENARA KARYA 6TH LEVEL, JALAN H.R. RASUNA SAID
BLOK X-5 KAV. 1-2 JAKARTA, INDONESIA 12950

2,061,831 (40,370)

420,896 253,956
817,758
(10.057) 5,988

——,228,597 oo 817,758

T. 462212554 6700 F.

Unless Otherwise Stated)

CASH FLOWS FROM
OPERATING ACTIVITIES
Receipts from customers
Payments to suppliers
Payments of royalties, taxes and
non-tax govemment revenue
Payments of finance costs

Not cash (used inj/provided by
operating activities

CASH FLOWS FROM

INVESTING ACTIVITIES
Acguisitions of

property, plant and eguipment
“Advance for acguisition of

property, plant and eguipment
Acguisition of subsidiary,

net of cash acguired
'Acguisition of joint venture
Payments for addition of

mining properties

Cash used in investing activities

CASH FLOWS FROM

FINANCING ACTIVITIES
Proceeds from

short term bank loans
Repayments of

short term bank loans
Proceeds from

long term bank loans
Repayments of

long term bank loans
Proceeds from

issuance of share capital
Payments of share issuance costs

Changes in restricted cash

Net cash provided by/
(used in) financing activities

NET INCREASE IN CASH AND
CASH E@UIVALENTS

CASH AND CASH E@UIVALENTS

557,814 AT THE BEGINNING THE YEAR

Effect of foreign
@xchange rate changes

CASH AND CASH E@UIVALENTS
AT THE END OF THE YEAR

The accompanying notes to the consolidated financial statements form
an integral part of these consolidated financial statements.

13

162 215794 4592 amman.co.id

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AMMAN

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