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www.astra.co.id PT ASTRA INTERNATIONAL TBK Full Year of 2025 Results Presentation
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The materials in this presentation have been prepared by PT Astra International Tbk (Astra) and show general background information about Astra group (the Group) business performances are current as at the date of this presentation and are subject to change without prior notice. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account their particular investment objectives, financial situation or needs. Before acting on any information, readers should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, readers should seek independent financial advice. Forward-Looking Statements This presentation may contain forward looking statements, including statements regarding our intent, belief or current expectations with respect to the Group businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward-looking statements; past performance is not a reliable indication of future performance. Astra does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Astra and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligence or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise. Consolidated Financial Information The financial results for the years ended December 31st 2025 and 2024, as well as the financial position as at December 31st 2025 and 2024 have been prepared in accordance with Indonesian Financial Accounting Standards and audited in accordance with the auditing standards established by the Indonesian Institute of Certified Public Accountants. 2
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Financial Highlights
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34% 27% 28% 4%4% 39% 10% 40% 9% For the period ended 31st December 2025 Net Revenue Rp323,392bn Net Income Rp32,769bn 2% 3% • Earnings per share reduced by 3% to Rp810 • Overall results were impacted by lower coal prices and weak new car market, offset by higher contribution across other businesses • Proposed final dividend of Rp292 per share • Second tranche of share buyback program completed • Comprehensive strategic review in progress. On track to announce in the latter part of the first half of 2026 Financial Highlights Automotive & Mobility: Mobility includes SERA (transportation logistics solutions) and OLXmobbi (used car) HEMCE: Heavy Equipment, Mining, Construction & Energy Others: IT and Property Net Revenue Net Income Automotive & Mobility Financial Services HEMCE Agribusiness Others Automotive & Mobility Financial Services HEMCE Infrastructure Agribusiness Others Infrastructure 1% 1% 3%
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Consolidated Net Income (In Rupiah bn) Segment Net Income Lower results mainly due to mining services and coal mining, partly offset by gold mining Higher CPO selling prices and sales volume Agribusiness Relatively stable, mainly supported by motorcycle and component business despite lower car sales in a weak national market Automotive & Mobility Higher contribution from consumer finance on larger loan portfolios Financial Services -3% 5 Increased tariffs and higher traffic volume Infrastructure Heavy Equipment, Mining, Construction & Energy 2024 2025Automotive & Mobility HEMCEFinancial Services Agribusiness Infrastructure IT & Property -0% +9% -24% +145% 33,901 32,769 -36 +752 -2,900 +28% +245 +24% +258 +549 IT & Property Mainly driven by contribution from newly acquired industrial warehouse assets and negative goodwill recognition on the acquisition of Mega Manunggal Property
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Corporate Actions
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Corporate Actions 2025 7 Toyota Motor Asia (Singapore) Pte. Ltd. (TMA) acquired 40% stake in Astra Digital Mobil (ADMO), which owns OLXmobbi, an online-to-offline used car business. Following the transaction, the Group retains a 60% controlling interest in ADMO. This collaboration strengthens the longstanding partnership between Astra and TMA and aims to modernise the used car market and enhance customer access to high-quality vehicles and other related services across Indonesia. The Group acquired an 83.7% stake in Mega Manunggal Property (“MMP”), an industrial and logistics property developer listed on the Indonesia Stock Exchange. The Group later increased its interest to 91.4% following the completion of a mandatory tender offer. Used Car Industrial & Logistics Infrastructure The Group increased its ownership in Polinasi Iddea Investama (Halodoc) from 21.0% to 31.3%. Halodoc is the leading healthcare platform in Indonesia. In addition, the Group increased its ownership in Medikaloka Hermina (Hermina) from 7.39% in 2024 to 20.2%. Hermina is one of Indonesia’s largest private hospital networks. Healthcare
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Corporate Actions 2026 8 In January 2026, Astra completed its Rp2 trillion share buyback program. Subsequently, Astra conducted a second tranche share buyback program, which was completed on 25 February 2026 with a total value of Rp685 billion. Under these programs, the shares have been repurchased in accordance with the Financial Services Authority regulation related to share buybacks under significantly fluctuating market conditions. These programs reflect management’s confidence in the Group’s prospects and ability to generate sustainable cash flow, as well as supporting the government in maintaining stability of the capital market. Share Buybacks In February 2026, the Group completed the 100% acquisition of Arafura Surya Alam, a gold mining company located in North Sulawesi. Gold Mining
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Business Update
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251,954 291,566 130,677 163,03225,121 [3%] 26,379 [3%] 395,939 384,385 2025 2024 Toyota & Lexus Daihatsu Isuzu Others 463,731 469,231 122,668 176,766 212,872 208,784 4,420 [1%] 10,581 [1%] 2025 2024 4x4 & 4x2 LCGC Commercial Sedan • Wholesale market decreased by 7% to 804k units, reflecting weaker purchasing power in the entry-level segment. Astra maintains a strong market share of 51%, despite intensified competition. • xEV market sales reached 177k units (22% of total 4W sales) with HEVs made up c. 40%, where Toyota remains the market leader within the HEV segment. Market Segment, units [%] Brand, units [%] [58%] [15%] [26%] [54%] [21%] [24%] [32%] [16%] [34%] [19%] 10 [49%] [44%] 803,691 865,362 7% 7% 51% 56%Astra M/S Kijang Innova Zenix HEV Yaris Cross HEV Top Astra HEV Models Automotive & Mobility – 4W 803,691 865,362
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6,413 6,333 2025 2024 Automotive & Mobility – 2W • 2W wholesale market increased by 1% to 6.4m units. • Astra Honda Motor’s market share remained stable at 78%. • 2W business performance improved mainly due to sales mix and increased exports. 11 78% 78%Astra M/S 2W Market, k units Top Honda Models Honda Beat Honda Vario 1%
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53% 53% 47% 47% 2025 2024 Manufacturing Trading Automotive & Mobility – Components • Net income contribution from Astra Otoparts, the Group’s components business, increased by 18% to Rp1.8 trillion in 2025, with higher contribution from all segments and improved margins. 12 4% 19,07419,907 Astra Otoparts Revenue by Segment (Rp bn)
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33,139 27,313 2025 2024 28,403 27,614 2025 2024 Automotive & Mobility – Mobility • OLXmobbi booked a 21% increase in used car sales to 33.1k units. • Serasi Autoraya (SERA), the Group’s transportation and logistics solutions business, recorded a 3% increase in vehicles under contract to 28.4k units. 13 OLXmobbi OLXmobbi Used Car Sales, units 21% Serasi Autoraya SERA Vehicles Under Contract, units 3%
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• Net income from the Group’s Financial Services division increased by 9% to Rp9.0tn. • The improvement in profit was due to higher contribution from consumer financing on larger loan portfolios, with generally stable credit losses. • New consumer amounts financed driven by strong growth in multipurpose financing. 2025 vs 2024 [Excluding Dealer Financing] 4W 2W Heavy Equipment • Net income contribution of Rp1.6tn (+9%) Asuransi Astra 14 ACC TAF 2% 6%24,331 FIFGROUP 7%50,931 SANF KAF 11%8,429 10% 4% FIFGROUP SANF KAF 3,920 20%787 3%194,481ACC TAF 7% Financial Services Amount Financed (Rp bn) Units Financed Insurance 113,864 37,021 3,632,597 5,443 • Net income contribution of Rp126bn Asuransi Jiwa Astra 11%
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15 • Net income from the Group’s Heavy Equipment, Mining, Construction & Energy division decreased by 24% to Rp9.1tn. • The decline in net income was mainly due to: • Mining services, due to heavy rainfall and reduced stripping ratios for some customer contracts, • Coal mining, impacted by lower coal prices, • Nickel mining, affected by an impairment relating to two of NIC’s older RKEF processing plants, which were partly offset by strong performance in: • Gold mining due to higher gold prices. 15 Heavy Equipment, Mining, Construction & Energy
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28% 28% 41% 43% 18% 19% 11% 7% 2% 3% 2025 2024 Heavy Equipment Mining Contracting Services Construction Industry & Energy Gold Mining & Other Mineral Mining Coal Mining 1,100 1,217 2025 2024 11% 8% 15% 16% 14% 11% 60% 65% 2025 2024 Forestry Construction Plantation Mining 16 Heavy Equipment, Mining, Construction & Energy Mining Services Overburden Removal (million bcm) Komatsu Sales Volume (in units) United Tractors Revenue by Segment (Rp bn) 10% Over 70% of Pamapersada Nusantara revenue is driven by overburden removal. 16 Komatsu market share: 20% (source: UT internal market research) 2% 4,515 4,420 2% 131,301 134,427
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702 693 1,360 1,282 2025 2024 Saprolite Limonite 7.8 6.9 3.7 3.2 2.8 3.0 2025 2024 Thermal Coal Metallurgical Coal Coal Trading 227 232 2025 2024 134.8 UT Owned Coal: 11.6 17 Heavy Equipment, Mining, Construction & Energy Coal Sales Volume & Price* (million tonnes & USD/t) 14.3 13.1 Gold Mining Sales Volume & Price (k Oz & USD/oz) Nickel Mining Ore Sales & Price* (Stargate) (k wmt & USD k/t) 2,062 17 1,975 4% 9% UT Owned Coal: 10.1 3,384 2,423 40% 105.4 22% 15.2 10% 16.8 * Nickel LME 2% * Newcastle Coal Price
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65% 69% 35% 31% 2025 2024 Domestic Export 18 • Net income from the Group’s Agribusiness division increased by 28% to Rp1.2tn. • The improvement in profit was due to higher average CPO selling prices, as well as increase in CPO and derivative product sales. 28,655 Astra Agro Lestari Revenue (Rp bn) CPO & Derivative Sales 1,761k tonnes CPO Production 1,198k tonnes Average CPO Price Rp14,316/kg 6% 11% 31% 18 Agribusiness 13% 21,815
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KUNCIRAN-SERPONG JORR I W2N SEMARANG-SOLO Total Toll Road length 396km • The Group’s Infrastructure division reported a 24% increase in net income to Rp1.3tn, driven by increased tariffs and higher traffic volume. 19 Infrastructure Daily Toll Revenue (Rp bn) Daily Traffic Volume (k vehicles) 8%20.3 2%536.9
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46% 53% 54% 47% 2025 2024 Astra Graphia Document Solution Astra Graphia Information Technology Astra Graphia Revenue (Rp bn) 20 6% 2,991 2,814 20 Information Technology • The Group’s Information Technology division reported a 33% increase in net income to Rp208 billion, due to higher revenue from its information technology solutions business and improved operating margin.
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21 Property • Net income from the Group’s Property division increased by 224% to Rp719bn. • The higher net income was mainly driven by contribution from its newly acquired industrial warehouse assets and the recognition of negative goodwill from the acquisition of Mega Manunggal Property. Menara Astra Mega Manunggal Property Cikarang Logistic Park
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Appendices
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Consolidated Profit and Loss Account Net Revenue Gross profit Operating profit Share of results of joint ventures and associates 2025 2024* 323,392 328,480 (2) 71,444 73,059 (2) 38,665 42,400 (9) 9,618 10,291 (7) Net Income 32,769 33,901 (3) Change % 23 (In Rupiah bn) * Restated due to implementation of PSAK 117: Insurance Contracts
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Consolidated Financial Position (In Rupiah bn) Total Assets 31 Dec’25 31 Dec’24* 507,366 471,449 8 216,554 199,445 9 Total Equity 290,812 272,004 7 Change % 24 Net cash at 31st December 2025, excluding the Group’s Financial Services subsidiaries, was Rp7.2 trillion, down from Rp8.0 trillion at 31st December 2024. Net debt of the Group’s Financial Services subsidiaries was Rp64.9 trillion at 31st December 2025, up from Rp60.2 trillion at 31st December 2024. * Restated due to implementation of PSAK 117: Insurance Contracts Total Liabilities
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25 Consolidated Cash Flow (In Rupiah bn) 2025 2024 Change Net cash flows from operating activities 44,694 45,029 (335) Investing activities: Net capex (17,908) (17,852) (56) Net investment (14,512) (4,415) (10,097) Dividends received 10,015 9,850 165 Other investing 1,148 (628) 1,776 Net cash flows used in investing activities (21,257) (13,045) (8,212) Net cash flows used in financing activities (19,721) (24,966) 5,245 Net change in cash 3,716 7,018 (3,302)
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4W Product Launches 2025 26 Models Launched Launching Period Prices (Rp m) - on the road Jakarta Toyota New Corolla Cross HEV Feb’25 603.5 – 648.0 Toyota New Camry HEV Feb’25 973.3 – 976.4 Toyota Agya Stylix GR Feb’25 200.6 BMW 320i M Sport Mar’25 1,205 BMW 218 Gran Coupé M Sport (NEW) Jun’25 1,048 BMW X3 20 xDrive (NEW) Jun’25 1,568 Toyota Corolla Altis HEV GR Sport Jul’25 644.9 – 648.0 Lexus LX700h Jul’25 3,392 – 3,928 Lexus LC500h Jul’25 3,503 – 3,815 Daihatsu Rocky e-Smart Hybrid (NEW) Jul’25 299.9 Daihatsu New Sigra Jul’25 174.4 – 189.2 UD Trucks GWE 350 ESCOT Jul’25 * Toyota Zenix Imp. Sep’25 473,4 – 628,2 Daihatsu Gran Max Blind Van AT (NEW) Sep’25 225.1 Daihatsu Rocky Sep’25 228.6 UD Trucks New Kuzer Oct’25 * Toyota World Premier Veloz HEV (NEW) Nov’25 308 – 350 Toyota Urban Cruiser BEV (NEW) Nov’25 759 Toyota bZ4X BEV (local production) Nov’25 799 Lexus RZ 500e BEV Nov’25 2,490 BMW M3 Competition M xDrive LCI Nov’25 2,880 BMW M3 CS Touring Nov’25 3,814 *Price upon inquiry
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27 Models Launched Launching Period Prices (Rp m) - on the road Jakarta Honda Monkey Feb’25 87.8 Honda Forza Mar’25 94.0 Honda CRF 250L Mar’25 86.7 Honda CRF 250 Rally Mar’25 96.5 Honda Verza (SW & CW) Apr’25 23.7 – 24.3 Honda XL 750 Apr’25 360.0 Honda CB500X Jun’25 206.3 Honda Rebel 500 Jun’25 208.6 Honda Rebel 1100 Jun’25 399.0 Honda GL1800 Jun’25 1,130.0 Honda BeAT Jul’25 19.0 – 20.4 Honda BeAT Street Jul’25 19.9 Honda CRF 150L Jul’25 37.7 Honda ADV 160 Sep’25 37.3 – 42.0 Honda Genio Oct’25 20.1 – 20.7 Honda Scoopy Nov’25 22.9 – 23.7 Honda Africa Twin Nov’25 647.5 Honda Vario 125 Dec’25 24.4 – 26.1 Honda Vario Street 125 (NEW) Dec’25 26.5 2W Product Launches 2025
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Equity Research Contact Details No Brokerage House Analyst Name Contact Number Email Address 1 Bahana Sekuritas Raja Abdalla +62 21 2505 081 raja.abdalla@bahana.co.id 2 BNI Sekuritas Ilham Firdaus +62 21 25543946 ilham.firdaus@bnisekuritas.co.id 3 BofA Securities Jessie Lo +65 6678 0423 jessie.lo@bofa.com 4 BRI Danareksa Erindra Krisnawan +62 21 5091 4100 erindra.krisnawan@brids.co.id 5 CGS International Handy Noverdanius +62 21 3006 1727 handy.noverdanius@cgsi.com 6 Ciptadana Sekuritas Asia Christoper Rusli +62 21 2557 4800 ruslichristopher@ciptadana.com 7 Citigroup Sekuritas Indonesia Ferry Wong +62 21 2924 9213 ferry.wong@citi.com 8 CLSA Sekuritas Indonesia Sarina Lesmina +62 21 5088 7888 sarina.lesmina@clsa.com 9 DBS Vickers Sekuritas Elizabelle Pang +62 21 3003 4900 elizabellepang@dbs.com 10 Henan Putihrai Sekuritas Alroy Soeparto +62 21 2525 888 alroy.soeparto@henanputihrai.com 11 Indopremier Sekuritas Aurelia Barus +62 21 5088 7168 aurelia.barus@ipc.co.id 12 J.P. Morgan Sekuritas Indonesia Benny Kurniawan +62 21 5291 8024 benny.kurniawan@jpmorgan.com 13 KB Valbury Sekuritas Akhmad Nurcahyadi +62 21 2945 1577 akhmad.nurcahyadi@kbvalbury.com 14 Macquarie Sekuritas Indonesia Ari Jahja +62 21 25988366 ari.jahja@macquarie.com 15 Mandiri Sekuritas Ariyanto Kurniawan +62 21 5296 9682 ariyanto.kurniawan@mandirisek.co.id 16 MNC Sekuritas Rudy Setiawan +62 21 2980 3111 muhammad.setiawan@mncgroup.com 17 Morgan Stanley Divya Gangahar Kothiyal +65 6834 6438 divya.gangahar@morganstanley.com 18 Maybank Sekuritas Paulina Margaretha +62 21 8066 8690 paulina.tjoa@maybank.com 19 NH Korindo Sekuritas Indonesia Arief Machrus +62 21 5088 9127 arief.machrus@nhsec.co.id 20 OCBC Sekuritas Indonesia Budi Rustanto +62 21 2234 5430 budi.rustanto@ocbcsekuritas.com 21 Panin Sekuritas Novi Vianita +62 21 515 3055 novi@pans.co.id 22 RHB Sekuritas Indonesia Mutiara Nita +62 21 2598 6888 mutiara.nita@rhbgroup.com 23 UBS Sekuritas Indonesia Igor Putra +62 21 2554 7033 Igor.putra@ubs.co.id 24 UOB Kay Hian Sekuritas Willinoy Sitorus +62 21 2993 3845 willinoysitorus@uobkayhian.com 25 Verdhana Sekuritas Indonesia Jupriadi Tan +62 21 5098 5799 jupriadi.tan@verdhana.id 26 Stockbit Edi Chandren +62 21 5790 6242 edi.chandren@stockbit.com 27 Sucor Sekuritas Christofer Kojongian +62 21 8067 3000 christofer.kojongian@sucorsekuritas.com 28
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For further information please contact: PT Astra International Tbk Corporate Investor Relations P: (+62 21) 5084 3888 E: investor@ai.astra.co.id