BUMA’s Ba3 Rating and Stable Outlook Maintained Following Moody’s Periodic Review

• Moody’s maintains BUMA’s Ba3 Corporate Family Rating with a Stable Outlook and B1 Senior Secured Notes rating following a periodic review.
• The outcome follows Moody's review factoring BUMA's Q1 results, which were impacted by unprecedented and one-off events.

PT Bukit Makmur Mandiri Utama (BUMA), the principal subsidiary of publicly listed holding company PT BUMA Internasional Grup Tbk (BUMA International Group, IDX: DOID), today announced that Moody’s Ratings (Moody’s) has completed its periodic review and continues to maintain the company’s Ba3 Corporate Family Rating (CFR) with a Stable Outlook and B1 Senior Secured Note Rating.

This outcome follows a Moody's review, factoring in a challenging first quarter of 2025, marked by unprecedented major operational disruptions that significantly impacted production volumes and financial results.

Iwan Fuad Salim, Director of BUMA International Group, stated: "Maintaining a healthy credit profile remains a priority for BUMA. While our Q1 2025 results were affected by unprecedented, one-off events, our performance is already on a recovery path. Our earnings are backed by a high-quality customer base and a robust work-in-hand.”

BUMA position as Indonesia’s second-largest mining services provider, long-standing relationships with our clients, increasing business and geographical diversity and track record of prudent financial management are well recognized by its lenders and rating agencies. “We remain committed to maintaining our strengths via executing our long-term strategy across funding, growth, and operational excellence,” Iwan concluded.