Holding 2024 AGM, Semen Baturaja Distributes Dividends of IDR 25.85 Billion

BATURAJA – PT Semen Baturaja Tbk (SMBR/Company) as a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG), held an Annual General Meeting of Shareholders (AGM) for the 2024 Financial Year at The East Tower Mega Kuningan, Jakarta on Tuesday (27/5).

In this AGM, the Company determined the distribution of cash dividends of IDR25.85 billion or equivalent to 20% of the consolidated net profit attributable to owners of the parent entity for the 2024 financial year of IDR129.25 billion. Thus, each shareholder will receive a dividend of IDR2.60264 per share, while 80% of the net profit or IDR103.4 billion is allocated as retained earnings.

SMBR President Director Suherman Yahya said that the distribution of this dividend is a form of appreciation for shareholders and reflects the company’s solid fundamentals.

“This dividend distribution is a form of our commitment to providing added value to shareholders, as well as a reflection of the company’s positive performance and fundamentals that continue to strengthen. We are optimistic that with the right strategy and support from all stakeholders, the company’s performance will continue to grow sustainably,” he said.

SMBR has consistently distributed cash dividends for the past three years, with the total dividend value continuing to increase in line with stable net profit growth. This reflects the company’s success in maintaining operational and financial performance sustainably.

Throughout 2024, the Company recorded solid performance amidst the correction of the domestic cement industry. Revenue increased by 2.5% to IDR2.09 trillion compared to IDR2.04 trillion in the previous year. Cement sales volume also grew by 3.43%, from 2.16 million tons to 2.23 million tons. Net profit in 2024 was recorded at IDR129.25 billion, up 6.32% compared to 2023.

“Amidst challenging domestic market conditions, we have managed to maintain a positive growth trend through operational efficiency through the SMBRGO45 program, increasing revenue through product diversification such as limestone and white clay, strengthening the talent management system for superior human resources, and improving corporate governance. These steps drive profitability while strengthening SMBR’s competitiveness in the regional market and sustainability aspects,” he said.

This achievement cannot be separated from the synergy built through the integration of SMBR with SIG as the parent company, as well as the Company’s focus on developing new sources of income that are adaptive to future industry challenges.

In addition to determining dividends, the AGMS also approved changes to the Company’s Management. The position of President Commissioner previously held by Alex Iskandar Munaf was replaced by Inosentius Samsul, who previously served as Commissioner. Meanwhile, Hadi Daryanto, who was previously Commissioner, was replaced by Dzulfikar Ahmad and appointed Feryzal Adam as Independent Commissioner.

In the board of directors, Muhammad Syafitri who previously served as Director of Operations was replaced by Taufik Ibrahim, previously served as Vice President of Operations SMBR. In addition, there was a change in the nomenclature of the position of Director (Finance & HR Function) changed to Director of Finance & HR.

Thus, the composition of the Company’s management based on the resolution of the 2024 Financial Year AGM is as follows:

Board of Commissioners

• President Commissioner: Inosentius Samsul
• Commissioner: Dzulfikar Ahmad
• Independent Commissioner: Feryzal Adham
• Independent Commissioner: Chowadja Sanova

Board of Directors

• President Director: Suherman Yahya
• Director of Operations: Taufik Ibrahim
• Director of Finance & HR: Rahmat Hidayat

In addition to the two matters above, the AGM also approved other Resolutions including:

Approving the Annual Report and Ratification of the Company’s Consolidated Financial Statements for the 2024 Financial Year, including the Board of Commissioners’ Supervisory Tasks Report for the 2024 Financial Year, as well as Ratification of the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the 2024 Financial Year as well as granting full release and discharge of responsibility (volledig acquit et de charge) to the Board of Directors and Board of Commissioners for the management and supervisory actions that has been implemented during the 2024 Financial Year.

Determination of the use of the Company’s Net Profit, including the distribution of Dividends for the 2024 Financial Year. Determination of Salaries/Honorariums along with Facilities and Allowances for the Company’s Directors and Board of Commissioners for the 2025 Financial Year, as well as Tantiem/Performance Incentives/Special Incentives for the Company’s Directors and Board of Commissioners for the 2024 Financial Year Performance.

Appointment of a Public Accounting Firm to audit the Company’s Consolidated Financial Statements for the 2025 Financial Year and the Financial Statements of the Micro and Small Business Funding Program for the 2025 Financial Year. (*)