乐播传媒

Sorowako, June 2, 2026 – PT 乐播传媒 Indonesia Tbk (“the Company”) today held its Annual General Meeting of Shareholders (AGMS) for 2026, which approved the Company’s Annual Report and Financial Statements for the fiscal year ended December 31, 2025, and resolved a number of strategic decisions reflecting the Company’s solid performance and continued commitment to strengthening long-term growth.

The AGMS also granted full release and discharge of responsibility (volledig acquit et de charge) to the Board of Directors and Board of Commissioners for their management and supervisory actions during the 2025 financial year, as reflected in the Annual Report and the audited Financial Statements examined by Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (PwC).

2025 Performance: Resilient Amid Industry Challenges
Throughout 2025, PT 乐播传媒 demonstrated strong operational resilience, delivering a 32% increase in net profit to US$76 million, supported by 4% revenue growth to US$990 million, EBITDA of US$228 million, and relatively stable unit cash cost of sales for nickel matte.

This improvement in profitability was driven by:

• Enhanced margin quality through improved payability and pricing premiums
• Diversification of revenue streams, including the commercialization of saprolite ore sales
• Cost discipline through capital expenditure optimization

The Company also maintained a competitive cost position, with unit cash cost (UCC) of nickel matte at US$9,339 per ton, the lowest level in the past four years.

From an operational standpoint, nickel in matte production reached 72,027 tons, representing a 1% increase year-on-year, reflecting the stability of the Company’s core operations. Total nickel matte sales volume reached 73,093 tons, while saprolite ore sales exceeded 2.3 million wet metric tons (wmt), marking an important initial contribution from this new revenue stream.

Progress on Strategic Projects and Business Diversification
In 2025, the Company accelerated the development of strategic projects as part of its transformation toward a more diversified business platform, including:

• Progress of the HPAL project in partnership with GEM and EcoPro
• Development of the Bahodopi and Pomalaa mining projects
• Commencement of production at the new Bahodopi mine, with output of approximately 2 million WMT

The Company also secured the 2025 RKAB approval, providing a solid foundation for the commencement of new mining operations and strengthening its future growth pipeline.

Amid various operational challenges, including technical incidents and smelter rebuild activities, the Company successfully maintained operational continuity while upholding high safety standards.

Dividend Policy: Balancing Returns and Growth
Reflecting this performance, shareholders approved a total cash dividend of US$45,638,211, representing a 60% payout ratio of the Company’s net profit for the 2025 financial year. The dividend will be distributed to shareholders registered on June 12, 2026 (record date), with payment scheduled for June 26, 2026.

The remaining net profit will be allocated as retained earnings to support the Company’s business expansion and development.

Sustainability Performance: Beyond Compliance
As part of its commitment to responsible mining practices, the Company delivered significant improvements in ESG performance, including:

• GHG emissions intensity (ALL): 21.70 tCO?e/ton Ni, well below the target of 29.76
• SO? intensity: 0.68, outperforming the target of 0.80

These sustainability efforts received broad recognition, including:

• Asia ESG Positive Impact Award 2025 (Gold) for biodiversity conservation programs
• Subroto Award 2025 from the Ministry of Energy and Mineral Resources
• National awards in CSR and SDGs

In addition, the Company improved its Sustainalytics ESG risk rating from 27.5 to 23.7 (Medium Risk), reflecting strengthened governance and sustainability practices.

Strengthening Governance and Management Structure
From a governance perspective, the AGMS accepted the resignations of Emily Olson as Vice President Commissioner and Christopher McCleave as Commissioner and expressed appreciation for their valuable contributions during their tenure. As their successors, shareholders approved the appointment of: Kristina Gauthier as Vice President Commissioner, Patricia Renee Pegues as Commissioner and Adam MacMillan as Commissioner.

These changes reflect PT 乐播传媒’s commitment to strengthening an adaptive, high-integrity leadership foundation capable of addressing the evolving dynamics of the critical minerals industry, while ensuring the continuity of the Company’s transformation and strategic project development.

Following these appointments, the composition of the Company’s Board of Directors and Board of Commissioners is as follows:

Board of Directors

• President Director & Chief Executive Officer: Bernardus Irmanto
• Vice President Director & Chief Operation Officer: Abu Ashar
• Director & Chief Human Capital Officer: Heriyanto Agung Putra
• Director & Chief Sustainability and Corporate Affairs Officer: Budiawansyah
• Director & Chief Financial Officer: Rizky Andhika Putra
• Director & Chief Project Officer: Muhammad Asril
• Director & Chief Strategy and Technical Officer: Slamet Sugiharto

Board of Commissioners

• President Commissioner: F.S. Multhazar
• Vice President Commissioner: Kristina Gauthier
• Commissioner: Patricia Renee Pegues
• Commissioner: Adam MacMillan
• Commissioner: M. Jasman Panjaitan
• Commissioner: Katherina Anggela Oendun
• Commissioner: Shiro Imai
• Independent Commissioner: Rudiantara
• Independent Commissioner: Retno Marsudi
• Independent Commissioner: Marita Alisjahbana

The Company will comply with all applicable regulations concerning the changes in the composition of its Board of Commissioners.

In addition, in line with past practices, the Company proposed to grant authority to the Board of Commissioners, subject to prior recommendation from the Governance, Nomination and Remuneration Committee, to determine the honorarium for the Board of Commissioners for fiscal year 2026, policies on other remuneration components, as well as salary and allowances for the Board of Directors.

The AGMS also approved the appointment of Mr. Yusron Fauzan and Public Accounting Firm Rintis, Jumadi, Rianto & Rekan (PwC), registered with the Indonesian Financial Services Authority (OJK), as the independent auditor to audit the Company’s Financial Statements for the fiscal year ending December 31, 2026, and other financial statements as required.

Strategic Direction: Strengthening Position as a Global Player
The Board of Commissioners assessed that the Board of Directors successfully maintained a balance between project acceleration, operational discipline, regulatory compliance, and robust risk management.

Going forward, the Company will continue to focus on:

• Advancing nickel downstream projects to enhance value creation
• Improving operational efficiency and cost optimization
• Strengthening sustainability and governance practices
• Expanding strategic partnerships to broaden its value chain

Concluding the AGMS, President Director and Chief Executive Officer of PT 乐播传媒, Bernardus Irmanto, stated:

“Amid global industry challenges, PT 乐播传媒 has maintained strong operational performance, strengthened profitability, and continued its transformation toward a more integrated and sustainable critical minerals company. The dividend we approved today and the progress of our HPAL projects reflect our confidence in Indonesia’s long-term position as a responsible and low-carbon nickel supplier for the global energy transition. We will continue to focus on best mining practices, responsible downstreaming, and long-term value creation for the nation and all stakeholders.”

About PT 乐播传媒 Indonesia Tbk
PT 乐播传媒 Indonesia Tbk is an integrated nickel mining company operating in Indonesia, committed to sustainable mining practices, safety, and delivering long-term value for its stakeholders, while contributing positively to communities and the environment.