Indonesian Palm Oil News (IPO News) – PT United Tractors Tbk (“Perseroan” atau “UT”) presents its Public Expose online as part of the Public Expose Live 2025 event organized by the Indonesia Stock Exchange (IDX). The Company shares its business development initiatives, financial performance for the first half of 2025, operational performance up to July 2025, and social responsibility programs. The event is attended by the Company’s Board of Directors, including Frans Kesuma, Loudy Irwanto Ellias, Ari Sutrisno, Iwan Hadiantoro, Idot Supriadi, Vilihati Surya, Widjaja Kartika, Hendra Hutahean, and Corporate Secretary, Sara K. Loebis.

“In general, the Company’s performance until the first half of 2025 is quite solid and in line with our plans. Amidst a dynamic business environment and pressure on coal prices, the Company maintains a healthy balance sheet. This allows us to continue exploring investment opportunities while further diversifying our portfolio in the future. With this foundation, we remain optimistic that the Company will achieve even stronger performance in 2026 and beyond,” says UT President Director, Frans Kesuma.

The Company has five business segments. The first segment is Construction Machinery, which is engaged
in the distribution of heavy equipment and after sales services. The second segment is Mining Contracting, managed by PT Pamapersada Nusantara. The third segment is Mining, consisting of Coal Mining under the holding Company PT Tuah Turangga Agung, Gold Mining through PT Agincourt Resources and PT Sumbawa Jutaraya, and Nickel Business managed by PT Stargate Pacific Resources and investment in Nickel Industries Limited (NIC). The fourth segment is the Other Segments, which consists of the Energy business in the power generation sector through PT Energia Prima Nusantara and the Construction Industry operated by PT Acset Indonusa Tbk.

The Company’s Financial Performance

In the first half of 2025, the Company recorded net revenue of IDR 68.5 trillion, an increase of 6% from IDR 64.5 trillion in 2024. The net revenue was mainly derived from :

• 1 trillion in Mining Contracting, 7% lower than the first semester of 2024
• 9 trillion in Construction Machinery, 34% higher than the first semester of 2024
• 4 trillion in Thermal and Metallurgical Coal Mining, 14% lower than the first semester of 2024
• Rp7.0 trillion in Gold and Other Mineral Mining, 60% higher than the first semester of 2024

The Company’s net income is Rp8.1 trillion, 15% lower due to the decline in Mining Contracting business performance, primarily impacted by heavy rainfall and Thermal and Metallurgical Coal Mining operations stemming from lower coal prices. Nevertheless, these adverse impacts are partially compensated by improved contributions from the Gold and Other Mineral Mining and Construction Machinery segments.

A summary of the Company’s consolidated performance is provided in the table below:

Rp million

* Profit after tax atributed to owners of the parent
** Expressed in full Rupiah

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