Investor Relations: Financial Highlights

Statements of Profit (Loss) and Other Comprehensive Income

(In Million Rupiah)

Description	3Q2024	3Q2023	2023	2022*	2021
Net Revenues	1,334,399	1,033,936	1,487,588	2,062,171	1,380,071
Precast	588,417	337,384	540,400	830,931	686,348*
Readymix and Quarry	539,597	461,159	579,837	410,796	422,786*
Construction service	206,385	235,393	367,351	820,444	270,937*
Cost of Revenues	(1,052,643)	(883,332)	(1,258,587)	(1,757,946)	(1,073,123)
Gross Profit (Loss)	281,756	150,604	229,001	304,225	306,949
Selling Expenses	(99,167)	(61,271)	(93,827)	(117,165)	(154,906)
General and Administrative Expenses	(346,215)	(353,020)	(506,330)	(543,518)	(1,216,867)
Non-Contributing Plant Expenses	(100,473)	(274,744)	(352,829)	(428,527)	(361,571)
Final Income Tax Expenses	(1,835)	(1,178)	(1,275)	(4,465)	(8,654)
Net Gain (Loss) Foreign Exchange	7	(75)	(64)	294	516
Interest Income	2,164	1,720	2,131	1,848	1,166
Other Income (Expenses)	(163,990)	224,233	976,457	1,914,353	107,256
Profit (Loss) Before Financial and Tax Expenses	(427,753)	(313,732)	253,264	1,127,045	(1,326,112)
Financial Charges	(212,905)	(196,128)	(246,964)	(451,275)	(617,251)
Profit (Loss) Before Tax	(640,658)	(509,859)	6,300	675,770	(1,943,362)
Current Income Tax Expenses	-	-	-	-	-
Deferred Tax Expenses	-	-	-	-	-
Net Profit (Loss) for the Year	(640,658)	(509,859)	6,300	675,770	(1,943,362)
Other Comprehensive Income (Loss)
Net Remeasurement of Employee Benefit Liabilities	-	(5)	(152)	(449)	(4,478)
Fixed Assets Revaluation Surplus (Deficit)	-	-	-	-	43,414
Comprehensive Income (Loss) for the Year	-	(5)	(152)	(449)	38,937
Total Comprehensive Profit (Loss) for the Year	(640,658)	(509,864)	6,149	675,321	(1,904,426)
Basic Earnings (Loss) per Share (in full Rupiah)	(13.49)	(13.43)	0.16	27.56	(79.27)

*Restated due to reclassification of certain accounts

Statements of Financial Position

(In Million Rupiah)

Description	3Q2024	3Q2023	2023	2022	2021
ASSETS
Current Assets
Cash and Cash Equivalents	63,888	44,113	120,812	238,947	93,664
Net Accounts Receivable
Related Parties	637,321	773,806	717,333	621,213	887,702
Third Parties	62,601	79,179	92,593	212,053	467,556
Other Receivables
Related Parties	31,911	21,448	1,534	17,051	2,167
Third Parties	8,658	5,166	90,837	8,038	4,917
Inventories	226,325	265,307	250,413	346,193	595,243
Gross Amount
Related Parties	182,811	323,881	246,361	541,752	259,794
Third Parties	91,815	51,331	71,180	179,203	173,742
Prepaid Taxes	14,210	108,042	56,795	78,282	76,104
Advances to Third Parties	13,480	-	164	181	631
Prepaid Expenses	33,950	30,257	30,056	18,179	107,599
Held-for-Sale Assets	-	-	-	-	1,518,964
Total Current Assets	1,366,970	1,702,530	1,678,077	2,234,092	4,188,082
Non-Current Assets
Net Fixed Assets	2,386,860	3,345,261	2,752,257	3,680,902	2,574,848
Leasing Assets	3,832	7,468	8,777	13,659	24,799
Other Assets	48,468	35,974	34,035	35,006	94,348
Total Non-Current Assets	2,439,160	3,388,703	2,795,069	3,729,566	2,693,995
Total Assets	3,806,130	5,091,233	4,473,146	5,963,658	6,882,077
LIABILITIES
Current Liabilities
Short Term Bank Loans
Related Partiess	-	-	-	-	1,765,463
Third Parties	671,127	671,177	671,127	671,127	2,099,768
Net Short Term Bonds Payable	-	1,850,770	-	1,850,770	1,997,172
Accounts Payable
Related Parties	485,811	554,556	564,885	1,303,878	51,576
Third Parties	833,407	933,102	944,900	1,976,495	2,983,349
Other Payables
Related Parties	7,350	23,380	25,154	17,951	70,017
Third Parties	6,396	2,622	2,844	1,051	7,227
Tax Payables	48,950	43,119	46,355	45,882	53,303
Accrued Expenses	273,719	288,875	294,733	578,762	570,863
Advances from Customers
Related Parties	102,711	61,882	54,057	32,436	17,419
Third Parties	32,422	41,267	37,646	41,166	7,387
Long-term Bank Loans with Current Maturity	3,715	458	4,347	2,972	-
Total Current Liabilities	2,465,608	4,471,158	2,646,049	6,522,490	9,627,619
Non-Current Liabilities
Long Term Bank Loans
Related Parties	937,357	889,436	901,879	677,672	-
Third Parties	702,499	662,382	672,637	630,603	-
Employee Benefits Liabilities	30,207	19,560	31,043	17,372	19,944
Bond Debts	243,082	224,428	228,967	211,746	-
Mandatory Convertible Bonds	709,627	-	651,812	-	-
Deferred Tax Liabilities	-	-	-	-	-
Lease Liabilities	5,078	4,977	5,252	6,983	13,043
Total Non-Current Liabilities	2,627,850	1,800,783	2,491,591	1,544,376	32,987
Total Liabilities	5,093,458	6,271,941	5,137,640	8,066,866	9,660,606
EQUITY
Share Capital – Nominal Value of Rp100 and Rp50 per Share
Authorized Capital – 147,266,778,136 Shares
Issued and Fully Paid-up Capital –54,555,721,325 Shares	4,063,383	4,045,844	4,045,844	2,636,116	2,636,116
Additional Paid-up Capital	3,967,651	3,967,367	3,967,367	3,944,529	3,944,529
Treasury Stock	(775,954)	(775,954)	(775,954)	(775,954)	(775,954)
Retained Earnings
Appropriated	272,173	272,173	272,173	272,173	272,173
Unappropriated	(9,096,747)	(8,972,102)	(8,456,089)	(8,462,238)	(9,137,558)
Other Components of Equity	282,164	282,164	282,164	282,164	288,438
Total Equity	(1,287,330)	(1,180,508)	(664,494)	(2,103,208)	(2,778,529)
Total Liabilities and Equity	3,806,128	5,091,433	4,473,146	5,963,658	6,882,077

Cash Flows

(In Million Rupiah)

Description	3Q2024	3Q2023	2023	2022	2021
Net Cash Provided by (Used in) Operating Activities	(60,033)	(191,337)	(106,350)	151,946	(18,562)
Net Cash Provided by (Used in) Investing Activities	16,940	(404)	(1,144)	(1,598)	(387)
Net Cash Provided by (Used in) Financing Activities	(13,837)	(3,018)	(10,577)	(5,360)	(131,586)
Net Increase (Decrease) in Cash and Cash Equivalents	(56,930)	(194,759)	(118,072)	144,989	(150,935)
Cash and Cash Equivalents at Beginning of the Year	120,812	238,947	238,947	93,664	244,199
Cash and Cash Equivalents at End of the Year	63,882	44,188	120,812	238,947	93,664

Financial Ratio

Description	3Q2024	3Q2023	2023	2022	2021
Return on Assets Ratio (%)	(16.83)	(10.01)	0.14	11.33	(28.24)
Return on Equity Ratio (%)	(49.77)	(43.19)	(0.95)	(32.13)	69.94
Gross Profit Margin (%)	21.11	14.57	15.39	14.75	22.24
Operating Profit Margin (%)	(19.63)	(51.92)	(53.29)	(35.59)	(95.46)
Net Profit Margin (%)	(48.01)	(49.31)	0.42	32.77	(140.82)
Current Ratio (x)	0.55	0.38	0.63	0.34	0.44
Interest Bearing Debt to Equity Ratio (x)	(1.98)	(3.64)	(4.72)	(1.93)	(2.12)
Debt to Equity Ratio (%)	(395.66)	(531.29)	(773.17)	(383.55)	(347.69)
Debt to Assets Ratio (%)	133.82	123.19	114.86	135.27	140.37
EBITDA Ratio (x)	(0.20)	(1.12)	(1.46)	(0.81)	(1.44)

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