Message from Management

President Director & CEO Message,

Dear valued stakeholders,

On behalf of the Management of ABM Group, I extend our deepest gratitude and appreciation to everyone who contributed to our success in 2024. Your support and collaboration have enabled us to achieve outstanding results this year.

The achievements of 2024 are a testament to the collective efforts of all stakeholders partners, clients, suppliers, shareholders, regulators, investors, banking institutions, and the dedicated leaders and employees across ABM Group.

Throughout the year, we implemented key initiatives to enhance processes, organizations, and systems across all sectors, including the Mining Value Chain (MVC), Logistics, Engineering & New Business (LENB), and ABM Holding. These improvements, coupled with the consistent imp lementation of operational standards across our subsidiaries, have significantly bolstered ABM Group’s business performance. Importantly, we have upheld and improved our safety standards, achieving the Zero Fatality target an accomplishment that reflects our unwavering commitment to safety.

ABM Group’s sustainable growth in the coal industry provides a strong foundation for the future. With a stable market outlook for the next decade, we are pursuing acquisitions of coal mining companies in Sumatra and o ther IUP holders in Indonesia. Our business development in the LENB sector, driven by inorganic growth strategies, is progressing as planned. Exploration of new opportunities and due diligence efforts are ongoing, and we anticipate promising results in the near future.

The performance throughout 2024 has contributed to the increasing trust that ABM Group has gained from banking partners. In the final quarter of 2024, ABM Group secured new, competitive banking facilities that have strengthened our cash flow and financial position. Additionally, the results of the 2024 Employee Engagement Survey highlight our success in fost ering a positive and supportive organizational culture in alignment with our core values.

Recognition for ABM Group’s performance has come from various domestic and international institutions. This reflects the successful execution of our strategies, guided by principles of good corporate governance (GCG) and our commitment to environmental, social, and governance (ESG) practices.

Looking ahead to 2025, we will continue building a robust foundation for growth. Our focus will be on enhancing the capacity and capabilities of all business lines, streamlining work systems, and driving efficiency while maintaining profitability in each unit. Guided by market demands and the needs of our business partners, we will introduce innovative strategies across key sectors. Our growth strategy will expand our portfolio of mining and non-mining resources, always in alignment with GCG principles and ESG standards.

As we move forward, I invite all stakeholders to strengthen our collaboration, deepen our commitment, an d foster synergy across ABM Group. Together, we can achieve greater milestones and sustain our success through teamwork and shared vision.

Let’s make it happen!