Preliminary Highlights in 3Q2026

• Sales volume broadly matching 1H2026 total - The Group delivers a significant increase in coal sales volume of approximately 3.3 million tonnes in 3Q2026, which is close to the 3.6 million tonnes sold in the previous two quarters, 1Q2026 and 2Q2026 combined.

• Higher coal prices - The average Indonesian Coal Index Price for 4,200 GAR (“ICI4”) was approximately US$76 per tonne in September 2026, almost US$20 per tonne higher than the average of US$58.13 per tonne in 1H2026.

• Lower operating costs - The utilisation of PT Marga Bara Jaya (“MBJ”) infrastructure (road and jetty) has significantly reduced the operational cash costs by approximately US$11 per tonne on the tonnage delivered through MBJ.

• Substantial increase in net profit – Higher sales volumes, combined with higher selling prices and significant logistics cost savings per tonne from the MBJ infrastructure resulted in substantial increase in the Group’s profit margin per tonne and net profit.  

Commenting on the profit guidance for 3Q2026 and update on MBJ investment by ResInvest, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said:

“3Q2026 marks the start of a new phase of growth for Geo Energy following the completion and commencement of our MBJ infrastructure. Higher sales volumes and selling prices, together with significant logistics cost savings for coal transported through MBJ, contributed to a substantial increase in net profit.

More importantly, these results demonstrate the rationale behind our strategic investment in MBJ and the tangible value that integrated logistics infrastructure brings to our operations.

Looking ahead, we expect to build on this momentum as TRA scales up its volumes through MBJ and the utilisation of double-trailer haulage in October this year. Together, these initiatives should further improve our logistics efficiency, lower our transportation costs and strengthen the earnings potential of our operations. With these operational improvements, we are confident in delivering a substantially higher full-year profit for FY2026 and beyond.

At the same time, we are making good progress with ResInvest on its proposed investment in MBJ at a US$1.5 billion valuation, and we remain focused on finalising the definitive agreement as soon as possible.

The progress achieved in FY2026 has laid a strong foundation for Geo Energy as we ramp-up the scale, efficiency and profitability of our overall operations. With this, we will be able to deliver higher shareholders’ return through stronger dividends and share buybacks in the near future.”

See link for full media release here: https://geoenergy.listedcompany.com/news.html/id/2628445