Through the Extraordinary General Meeting of Shareholders, Semen Baturaja Strengthens Governance and Strategic Flexibility

JAKARTA – PT Semen Baturaja Tbk (SMBR), a subsidiary of PT Semen Indonesia (Persero) Tbk (SIG), held an Extraordinary General Meeting of Shareholders (EGMS) at The East Tower, Mega Kuningan, Jakarta, on Thursday (18/12). The EGMS approved two agenda items: Approval of Amendments to the Company’s Articles of Association and Delegation of Authority to Approve the 2026 Company Work Plan and Budget (RKAP).

On the first agenda item, the EGMS approved amendments to the Company’s Articles of Association to align with applicable laws and regulations and policies, including Law Number 16 of 2025 concerning the Fourth Amendment to Law Number 19 of 2003 concerning State-Owned Enterprises (“BUMN Law”).

In addition, the EGMS also approved the change of the Company’s name to PT Semen Baturaja (Persero) Tbk and the change of the Company’s domicile, now located in Ogan Komering Ulu Regency, South Sumatra. These changes strengthen the Company’s identity and bring the company’s control center closer to its production base.

The second agenda item of the EGMS was to approve the delegation of authority to the Board of Commissioners, subject to prior written approval from the majority Series B Shareholder, to approve the Company’s 2026 Work Plan and Budget (RKAP), including any amendments.

SMBR President Director Suherman Yahya stated that the EGMS decision was a strategic step to strengthen the Company’s governance foundation to be more adaptive to regulatory dynamics and business needs.

“All decisions approved at this EGMS are part of our efforts to ensure that the Company’s implementation of Good Corporate Governance (GCG) consistently aligns with statutory provisions and shareholder policies. This serves as an important foundation for the Company’s sustainable performance and future business transformation,” said Suherman.

The decisions reached at the EGMS serve as a foundation for the Company to maintain performance continuity amidst the dynamics of the national cement industry. In line with this, through the third quarter of 2025, SMBR recorded solid performance, with cement sales volume reaching approximately 1.87 million tons, a 21% increase compared to 1.54 million tons in the same period last year. This growth boosted the Company’s revenue to IDR 1.78 trillion, a 27% increase compared to IDR 1.41 trillion in the same period last year.

Profitability also improved significantly, reflected in a net profit of IDR 146.31 billion, a 311% jump compared to IDR 35.61 billion in the same period last year. Meanwhile, EBITDA reached IDR 383.53 billion, a 46% increase compared to IDR 262.15 billion in the same period last year. These achievements strengthened the Company’s bottom line and maintained its cash flow amidst pressures in the national cement industry.

On the sustainability front, by the third quarter of 2025, carbon emissions intensity was successfully reduced to 562.92 kgCO₂/ton CEM eq, lower than the 564.90 kgCO₂/ton CEM eq in the same period the previous year. The PCC cement clinker factor index also decreased to 58.22% from 59.74%, while Alternative Fuel & Raw Material (AFR) utilization reached 120,989 tons, a 22% increase compared to 99,219 tons in the same period the previous year.

SMBR Vice President of Corporate Secretary Hari Liandu stated that this performance achievement is the result of the Company’s consistent implementation of its cost leadership and operational excellence strategies across the board.

“This performance growth is the result of the implementation of operational excellence across various sectors, from optimizing cost to service, achieving more efficient logistics rates, controlling and reducing clinker factors, to increasing the utilization of alternative fuels and raw materials, as well as synergies with SIG, our parent company,” Hari concluded. (*)