We are honored to have Pak Doni, Director and CFO of Bumi, Pak Andrew, Director and COO of Bumi, and also Pak Chris, Director of Bumi Resources, today doing this call with us. As usual, Pak Andrew will do a rundown of the business update for the first half of 2026, then we will move into a question and answer session. Pak Andrew, please go ahead. Well, actually, I'll kick off with production and just a comparison of the first half compared to last year. Oh, okay. Then we'll run through that, and then we'll pass over to operations, pass to Andrew, and then we'll go to financials with Pak Doni, if that's okay. So, thank you everyone. Welcome, good evening, and good morning, wherever you are. Going to production, comparisons of first half of 2025 to 2026. As you can see on the chart here, overall coal mine increased, which we have mainly due to efficiencies on performances with contractors at Arutmin, while KPC is performing well and is stable as we've reported. The numbers show slight increases, which is positive for us. FOB price, we also see some increases there. This is reflected in prevailing coal market conditions, which is quite positive at this stage. The forward curve, which we'll show later, we see that continuing at this stage. Production costs, as expected, and I think the market was no surprise that we have seen some higher fuel prices which have been reflected in the numbers here. That has affected the globe with the war in the Middle East. If we run through in terms of 2026 guidance, and the averages here in terms of sales, we can see a breakdown of KPC and Arutmin, and the ranges for those two companies, those two mines, where we have in total averages of 82 million-84 million tons per annum, combined in terms of sales. FOB, we are looking at between $60 and $62 averages between both KPC and Arutmin. While our costs are actually reflected at a very consistent terms of a KPC at $44-$46, and Arutmin $38-$40, which gives us averages of $42-$44, in terms of our costs. We run through and you can see the next slide, thanks, Norman. If I am moving too fast, please let me know. But in terms of international coal prices, you see the graph here. We certainly know we are near the highs of 2022-2023. But performance-wise, we are happy with and we are above the 2017-2021 index. We see that continuing. This is also reflected in the next slide, where we see the forward estimates, and we see this continuing in a positive manner for us. Moving next through, in terms of our operations. Thank you, Chris. From an operational point of view, as we said, KPC pretty much maintained its previous years as the same first half as last year, with for the first half being around 216 million BCM and coal sales slightly up at 25.2 million tons, compared to 24.6 million in the same time last year. Prices, you can see it also jumped almost $3 from last year. Our inventory is slightly low. Arutmin is where the big increase has come because although overburden has increased slightly, you can see coal mine and coal sales have increased quite substantially. That has been because of the weather. Less rain, and I will show you that in the next graph, but also the stage of the development of the mine has allowed us to get more into the coal and not just opening up the mines. We are now mining at a steady state. We are getting a much better performance from Arutmin. FOB prices are also up slightly about 3% compared to last year. Typically, Arutmin does a bit less because it has more domestic coal sales, and of course their CAPEX has that $70 uplift, which always. Overall, we are pretty much in line with overburden removal. Strip ratios are lower now because of Arutmin and coal sales are up. It should be actually slightly higher at 38 from 35. 38.5 and sales at 38.8. Next slide, please. You can see the rainfall against long-term averages and five-year averages. The dark green is the actual, and you can see it is pretty much in line, especially for the second quarter. For Arutmin, you can see there's a benefit we've got in that second quarter or even from March onwards, only really May touching anywhere near the average. The rest of the time it's been pretty good, and hence why you're seeing that increase in production. Hopefully, that continues the rest of the year. Next slide, please. Overburden removal, as I said, was pretty much in line. But really, Arutmin has been slightly up and KPC slightly down, but not by much. Coal mine has increased, with KPC about the same, but Arutmin increasing as mentioned. Next slide, please. Next slide, please. Production cost-wise, have slightly increased because of the fuel cost, fuel crisis, which was affected by the war. We're now seeing those prices come down off the highs and the fuel crisis, and we hope that will continue, especially as we have the war finished. You should see an improvement in the prices, in the costs as a result the third quarter, assuming that continues. FOB prices, as we said, have been up and rising and around $129 to $130 per ton for Newcastle at the moment. Hopefully, that will continue into the rest of the year. Typically, this is the worst part of the year during the season, but that's been maintained because hopefully the third and fourth quarters you see a slight increase in prices as more demand comes back in as the winters in both China and in Northern Hemisphere come in. Next slide, please. Bumi selling prices have been up, both for export coal and excluding the extra coal from 69 to 73 and eco-coal. Even with eco-coal, some coal has been able to be sold abroad, and we have an increase there as well. Overall, we're at $62.90 against $61.30 last year. Next slide, please. Production cost, as I've mentioned, was slightly up because of the fuel crisis. Overall, at $43, and you can see that fuel price in the graph below, how much it's increased over from March to April, May, June. As I said, at the moment, we see in July prices coming down and August is maintaining that as well. We're confident that costs will be down in the third quarter, unless there's any unforeseen sudden spikes. Next slide, please. These are the financials. I'll hand over to Pak Donnie. Thank you, Brian. First half we see that we got better revenue by 28%. This is mainly because of the increase in coal mine and coal sales, and as well as the increase in price compared to the first half 2025. The increase has also happened in cost of revenue and operating profit. In terms of expenses, up quite high. This is because we are starting to incur interest expenses from the bonds that we are issuing since second half of last year. Other income is up by 500%. This is mainly because of better performances in KPC this year. We got $28 million higher equity pickup this first half of year compared to last year. Income tax, of course, and profit sharing increased in line with the increase in revenue. All in all, profit for the period is up by 87%. We are now at $72.3 million as opposed to the first half last year at $38.6 million. Balance sheet-wise, total asset is up by around $300 million. This is mainly because increase in the current asset due to the amount of bond and loan that we obtained during January to June this year by around $200 million. $100 million is by Bumi alone, and $100 million is increase in BRMS on the loan that they have taken up from Bank of America to develop their mines. Total liabilities accordingly increased in the same amount, around $300 million. Equity is up because of the increase in the profit for the period. Next slide, please. These are illustration of what our financial statements look like if we are consolidating KPC. Ladies and gentlemen, as you are aware, we are not currently consolidating KPC in accordance with PSAK 110. This is to show you what our numbers look like when we are consolidating KPC. As you can see, it is more or less similar with the previous slides. There was increase in revenue, gross profit, interest expense also increased because of the interest expense that we incurred. All in all, profit for the period is up by 115% from previously $52.1 million compared to this first half of $100 and odd million. Balance sheet wise, we are good this year as in the previous slide. Our current ratio is now at a very excellent above one ratio. Next slide, please. This is a side comparison. On the left number, you see that if we are consolidating KPC 100%, on the right is the comparison with the number that we are currently reporting in accordance with PSAK. Next slide, please. I think I have explained this in the earlier slide under up on the bottom. Next slide, please. On the EBITDA, like the consolidated side, EBITDA increased by 39%, driven mostly by higher sales volume and lower effective royalty rate. In last 12 months, the royalty rate now is around 17%, while last year we are at 23%. We got quite a lot of saving from the effective royalty rate that changed since the April 2025 last year. Equity is up by 2%. This is mainly due to the increase in net income. Next slide, please. Here is the breakdown of our consolidated adjusted EBITDA. On 100% basis, if we are consolidating KPC, for the last 12 months EBITDA, we are at $656.8 million, while if we are using PSAK base EBITDA, our LTM is $393.5 million. Next slide, please. This is the cash balance as of June 30, 2026. Total cash balance are at $376.9 million. At KPC, cash on hand and bank and royalty deposits at $11.14 million, while at Arutmin is $51.68. There is a CDA operative fund in KPC around $63.35. Mine closure deposit at KPC $62.4. In Arutmin, there is a mine closure and deposit at $101.42. Including Bumi cash and cash equivalent at $86.9, the total cash and cash balance as June 30 is $376.9 million. Next slide, please. I hand over to Paul. Yeah. Okay, good. Thank you very much, Pak Donnie. As we report on each update, the quarterly update and our yearly update, we talk about ESG data. Here we have the comparisons, which are very straightforward. A lot of this is obviously related to regulatory requirements. Although, in terms of the group, we believe we excel in this area. So it is straightforward in terms of our ESG expenditure, reclamation, trees planted, safety performance, gas emissions, gas emission reductions. We are very consistent in how we report them and how we monitor them. What we have been doing, and this has been reported in previous quarters, is that we have been doing a lot of work in the last 12 months in strengthening our ESG in terms of Bumi group. This has been predominantly related to our transition and diversification. We have done extensive work on IFRS S1 and S2, which will be a requirement next year with OJK. We have elected to start this one year earlier, and we will report it in the 2026 sustainability report, and its own report, the IFRS S1 reporting document that will come out. This is completely related to the company's stability and financial risks related to climate change, and it encapsulates, as I said, not just our thermal coal, but our non-thermal coal business units. We will be talking more about that as we move forward. Thank you. Any of the detail on this one? Yeah. We do not normally go through the KPC details, but Norman, do you mind going to the end? Because we have right at the end, the last slide. It just got moved around. Apologies for that. Just to update you guys on the gold and copper, we are producing now at Wolfram, one of the mines that we acquired late last year. We started in May and are producing in June. These are the numbers. The ore mine is 27,000 tons. Recoveries are slightly low at the moment, and that is because we are using a stockpile as well. That is going into the feed of the processing plant. We are probably only getting about $8 million-$9 million of revenue as of June. You will see those over the next month or two in August, September, increasing quite substantially up to about 80% as the run of mine ore from the actual mine itself becomes a bigger percentage of the feedstock for the processing plant. We just wanted to make sure you are aware that is all going on at the moment, and we should expect very good earnings over the second half of this year. Yeah. I think to add to that, we have also previously stated that we expect the end of this year to have, as Andrew said, greater detail in terms of our diversification, in particularly Australia, and the upside for that which we expect to be extremely positive for us. I think we will hand that back to you, Norman. We should go to questions. Sure. Thank you, Andrew. Ladies and gentlemen, we will be moving into Q&A session. You can either type the question that you have into the Q&A box or you can use the raise your hand function, then I will unmute your line. I think our audience are still warming up. So I will ask my question first. Actually, a lot of people are asking on this whole RKAB. I just wanted to ask from your perspective, we are seeing a lot of coal companies, including yourself, second quarter production has been picking up. I am just wondering, what is your view on the second half production outlook? Also in terms of pricing, what is your expectation with this RKAB coming? I think we see our production, as we have told you, 82 million-84 million tons. We have all our RKAB approved and in line. We will do our domestic sales of 25%. Prices we think will stay pretty steady at the moment. I do not see anything changing, although the war may finish, which may take a bit of risk off the price, there will be increased demand, as I mentioned. So I think prices should be pretty stable, and we should see our production in line with what we have talked about. I see. In terms of first half versus your full year production, how much was the achievement again? Sorry. You had 38 million tons for the first half, and we should be Hang on. It's a bit slide in front of me, so I'll get it right. We're at 38.9 million tons as of June, but we should be at 82-84. We will increase over the second half of the year. I see. By about what? 42. It's up to 41, 42 million tons in total from KPC. Got it. Marisa has wanted to ask a question. Please go ahead. Yes. Thank you for the presentation. Maybe some follow-up question on the RKAB. Is there any additional requirement when you want to revise up your FIB regarding the full supply or DMO to PLN? May I know what is the current percentage of the volume supplied to PLN? Thank you. Yeah. We are not aware of any increased requirements from KPC or Arutmin, and we are at around 25% already for the first half this year. Okay. Thank you. Thank you, Marisa. While waiting for the next question, allow me to chip in another one from my own. Could you remind us on the covenant side of things on Bumi? Since you mentioned there is rising borrowing costs, is Bumi free to do financing at this point? And what is the latest in terms of the covenant on debt? I will answer that. Basically, Norman, our second-up loan is coming from the local bond. There are no specific covenant or financial obligation that we have to fulfill to be in compliance with the bond requirements. As long as we pay the interest and principal. By the way, we already fully paid our first phase of one-year tenure bond in full back in early June this year. All things are looking good for us. I see. So there is totally no restrictions on financing. It is just back to the normal. Thanks. Benjamin, question is, in terms of Wolfram and Tivoli's production, what is the guidance of the production profile of these two? What can we expect? What we have said is between 10,000-15,000 tons of copper equivalent by the end of the year. So 10,000-15,000 of tons of copper equivalent at the moment. 10,000-15,000 copper equivalent. Would you be able to split it into how much will be the gold, by any means? I wouldn't have that breakdown at the moment, and I'd have to give you the numbers for the thing. I see. We like keeping copper equivalent, I'm afraid, there. Okay. Can I add more to that question? Look, this is going to be our first reporting period for Wolfram and our operations in Australia. Look, our sentiment internally is positive. As we've reported, Wolfram is operating. It started with stockpiles. It's now going to mine ore, and that will continue and grow. Jubilee Metals Limited is not producing at this stage, and we've reported that in the past. That's still in construction, but it's all in terms of our projections. We're very comfortable and confident that we're going to meet our targets and it's going to have a positive outcome to Bumi. Sure. Thank you, Buck. Questions from Pak Ari Yanto. How much interest-bearing debt does KPC currently have? That's the first question. Interest-bearing debt. I don't think it has any interest. At the moment, I don't think KPC has any financing debt on its books at all. Even the equipment leases are now finished now, yeah? Yeah. Yeah. That was the old one. I'm pretty sure that it's zero at the moment. Sure. Second question. Can you share the group's plan on non-coal expansion? Do you see more investment opportunities? If so, could you share what sector are you currently interested in? Yeah. Look, again, as we stated, we've reported this previously, and particularly in terms of our EBITDA earnings moving forward, we have come out with a projection of 51% or greater from non-thermal coal within five years or five years time. We believe we will hit that target. It will be predominantly focused on copper-gold resources in Australia. As we've also mentioned, there is an interest in bauxite, and we will report on that as that progresses. But at this stage, and there's no secret there's been some media and the market knows about another acquisition in Australia. We have not made any announcements on that as that deal has not been finalized. But we will be obviously making announcements when it becomes material and anything else becomes material. We've elected to, we expect this half, the back half in 2026, that we expect that there will be further positive news to supporting the diversification from non-thermal coal. Okay. I hope that answered your question, Pak Ari Yanto. Next question is from Neil Wan. Are you seeing any meaningful shifts in coal demand from China, India, Southeast Asia, or other export markets? What is the coal market dynamics that you are seeing now? I don't think you're seeing a major shift. I think still India, China, Philippines, and Japan are our major markets. Yeah. They still will always, I think, will always be. The freight advantage we have out of Australia helps with that. I believe I don't see any of them changing drastically over the next few years. Sure. Thanks. Follow-up questions by Marissa. Is it still profitable to sell to PLN, and what is the payment term? Do you plan to have any coal asset acquisition in the future, both domestic and overseas? Over to you, Chris. On PLN point of view, yes, we still make money with PLN. We just don't make as much. Even though the prices rise, 25% of our coal is locked in this $70 benchmark price. From a point of view of do we see any more acquisitions in thermal coal, as I think Chris mentioned, our plan is to diversify our risk profile and into non-thermal coal, and we see that that's where we are. We don't expect to go anywhere else. Yeah. I think it's very clear that looking at our reporters and our EBITDA earnings going forward, we're looking at over 50% coming from non-thermal coal. So that in itself tells the story of our future. Okay. Thank you. Next one is followed by Pak Ari Yanto again. At the KPC level, he see around 48 million of interest expense. Could you clarify where does this interest expense come from? Where did he get the number? Yeah. He'd have to be looking. I don't know where he's looking at, what numbers he's looking at. It might be 2025, but I'm not sure. At the moment, we have no interest-bearing debt at that level, KPC. I understand that. You're actually in the company, don't you? You're actually in the company. From a consolidated point of view, for sure, we have no third-party interest-bearing debt. Okay. I hope that answers your question. If he, Pak Ari, if he wants to email us, we will respond directly. No problem. Okay. I have questions on this Danantara Sumberdaya, the export control. Could you share with us from your observation what has changed so far in terms of the processes and what is your expectation going forward on the export control mechanism? Export control? Yeah. Export control. Of Danantara Sumberdaya? Yeah. Well, Danantara Sumberdaya or as a matter of fact, Perdana Sumberdaya, we are currently not aware of any implementation regulation that is being announced by the government. This is merely just news that we heard. For DK, it is also, I think, asking the same questions to us, actually. Our answer is currently the same, basically, Norman, that we are not aware of any implementing regulation on how to act on this new Danantara Sumberdaya Indonesia thing. But I think, as usual, we will always follow what the government is instructing us to do. But until this moment, there are no implementing regulation that we are required to follow at this point. I see. For now, it is just business as usual. Okay. Yeah. Got it. Okay, see if there is any more follow-up questions. Okay, I think there is no more questions from the audience, Pak Andrew, Pak Chris, Pak Tony. Do you feel like we left out anything that you wanted to add before we close the session? No. Look, if we can leave it with this, I think our projections for 2026 are positive. As Pak Tony mentioned, we do not see the impact of the rumors, and they are rumors at this stage. There is no policy on any changes that we see will impact the companies. We are focusing on our transition, our diversification, while at the same time, as you can see, we have talked about cost savings and performance of our mines in Indonesia, and they have been reflected in our numbers also. I can say, look, I think that things are looking good for us, and we are very positive. Okay. Thank you, Pak Chris. Thanks again, Pak Andrew and Pak Tony. Okay, with that, we will close the call. Bumi result first half is actually very good. A big congratulations. I think second half will be even stronger. Okay. Thank you, everyone. Have a good evening. Thank you. Thank you, everyone. Thank you, everyone. Thank you so much.