INALUM Prints the Highest Performance and Operational Record in Half a Century of Company Journey

Photo: INALUM

JAKARTA - PT Indonesia Asahan Aluminium or INALUM, a member of the MIND ID Group, held the Annual General Meeting of Shareholders (RUPST) for the 2025 Book Year at the INALUM Office, Energy Building, Sudirman Central Business District (SCBD), Jakarta, on Monday, June 19. In the meeting, shareholders approved five agenda items, including the approval of the Annual Report and Consolidated Financial Statements, the use of the Company's net profit, and changes in the Company's management structure.

The RUPS approved and ratified the Company's Consolidated Financial Statements for the 2025 Fiscal Year with a reasonable opinion in all material respects from the Public Accountant's Office of Purwanto, Susanti and Surja (member firm of Ernst & Young Global Limited). Upon the approval, the RUPS provided full payment and discharge of liability (volledig acquit et de charge) to all members of the Board of Directors and the Board of Commissioners for the management and supervision of the Company during the 2025 Fiscal Year.

"The achievement of the 2025 Fiscal Year is the result of consistent operational transformation, increased efficiency, and collaboration of all INALUM people and the support of the MIND ID Group. The best performance in the history of this company is proof that the strategy of strengthening competitiveness and downstreaming that we have implemented has yielded tangible results," said Mahyaruddin A.R., Corporate Secretary of PT INALUM, in a statement, Monday, June 22.

The Strongest Financial Performance in the Company's History

Throughout the 2025 Fiscal Year, INALUM recorded the strongest financial performance in the 50 years since the Company's establishment. The Company's revenue grew 10 percent compared to the previous year, driven by an increase in sales volume and better commodity selling prices. Consolidated net profit rose 15 percent year-on-year, while EBITDA grew by 17 percent.

Highest Record Print Production and Sales

On the operational side, INALUM recorded production of 280,082 mt or increased by around 2 percent compared to the previous year (yoy). Meanwhile, on the sales aspect of 280,141 mt in the 2025 Fiscal Year or increased by around 1 percent compared to the previous year (yoy).

Both achievements are the highest achievement in the Company's 50 years of existence. This achievement is supported by the completion of the Pot Upgrading Project, which increases the installed production capacity to around 274,000 tons per year through the improvement of the reduction furnace technology to 235 kA current on 170 furnaces in Potline 2.

Corporate Governance and Health Level

INALUM's performance is also reflected in the assessment of the Company's governance and health. The Company obtained an "AA" category Health Level with a "Healthy" classification, supported by the idAA-/Stable Final Rating and idA+(sa) Standalone Rating from PEFINDO. The achievement of the 2025 Collective Key Performance Indicators (KPI) was recorded at 85.54% (Audited), with the Composite Risk Rating at Level 2.

In terms of the implementation of Good Corporate Governance (GCG), INALUM's adoption rate of the ASEAN Corporate Governance Scorecard (ACGS) principles is projected to increase to 87.54% in the 2025 financial year, from 81.01% in the previous year, in line with the follow-up of all improvement recommendations.

Social and Environmental Contributions

Throughout 2025, INALUM realizes the Social and Environmental Responsibility (TJSL) program in an integrated and measurable manner. Priority programs include providing scholarships to 145 recipients, training for 110 teachers, planting 15,000 mangrove trees, building a Solar Power Plant (PLTS) in three locations, and distributing funding for micro and small businesses. These programs are carried out through the Strategic Empowerment and Strategic Engagement approach which is in line with international best practices.

Change of the Company's Board of Directors

In the 2025 Annual RUPST, shareholders also approved changes to the composition of the Company's board of directors. The composition of the Board of Commissioners and Board of Directors of PT INALUM resulting from the 2025 Annual RUPST is as follows:

Board of Commissioners• Chairman of the Board of Commissioners and Independent Commissioner: Musa Bangun• Commissioners: Indra Simarta• Commissioner: Ali Said• Independent Commissioner: Hari Soebagijo• Commissioner: Kardwiyana Ukar

Board of Directors • President Director: Melati Sarnita • Finance Director: Ken Permana • Operations Director: Ivan Ermisyam • Corporate Strategy, Business Development and Commercial Director: Arif Haendra • Director of Human Resources & Business Transformation: Kemal Sudiro

With the new management, INALUM is optimistic that it can continue the momentum of growth, strengthen the national aluminum downstream industry, and make a sustainable contribution to the country and all stakeholders.