PT Bakrie & Brothers Tbk ("BNBR" or the "Company") announced that its shareholders have approved the Company's plan to conduct a rights issue. This approval was obtained through the Company's Extraordinary General Meeting of Shareholders (EGMS) held in Jakarta on Friday (February 27, 2026).

"The Company considers it necessary to implement the Rights Issue to optimize the funding structure related to the Acquisition of PT Cimanggis Cibitung Tollways (CCT)," BNBR President Director & CEO Anindya N. Bakrie told reporters after the EGMS.

Through this Rights Issue, the Company will issue a maximum of 90 billion new Series E shares. The new shares will be issued from the Company's portfolio and listed on the Indonesia Stock Exchange ("IDX") in accordance with applicable laws and regulations.

"The Company will use all proceeds from the Rights Issue to pay the Company's and/or its subsidiaries' obligations to creditors, as well as for working capital and business development at the Company and/or its subsidiaries, including CCT," added Anin.

Anin added that the Company believes that the proposed Rights Issue will positively impact the Company's financial performance, strengthening its operational performance and capital structure.

"Furthermore, the additional capital will also enhance the Company's ability to expand its business, which will ultimately have a positive impact on the Company's profits and is expected to increase the return on investment for all of the Company's shareholders," Anin said.

Following this action, Anin continued, the total debt-to-total assets ratio decreased from 84.28% before the Rights Issue to 67.9% after the Rights Issue. This indicates that after the Rights Issue, the composition of the Company's assets funded with equity has increased, resulting in a greater contribution to shareholders' share of the Company's assets' performance.

"Furthermore, this lower ratio provides the Company with greater flexibility for expansion and obtaining working capital from additional external funding, if needed," Anin explained.

The total debt-to-total equity ratio decreased from 536.02% before the Rights Issue to 211.57% after the Rights Issue. This indicates that the Company's equity composition has increased compared to its debt.

"This ratio is better because it balances the Company's capital structure between equity and liabilities," he said.

Anin mengatakan, rencana PMHMETD akan memberikan pengaruh kepada pemegang saham yang tidak melaksanakan HMETD miliknya untuk melakukan pembelian Saham Baru, yang mana persentase kepemilikan saham di Perseroan akan terdilusi hingga sebanyak-banyaknya 33,33% setelah dilaksanakannya HMETD.

Kinerja Keuangan

Perseroan mencatatkan pendapatan bersih sebesar Rp3,74 triliun di sepanjang tahun 2025. Meskipun pendapatan bersih ini turun sebesar 3,28% year on year (yoy) dibanding tahun sebelumnya, Perseroan berhasil menorehkan kenaikan laba bersih sebesar 49,6% senilai Rp 502,74 miliar di sepanjang tahun 2025. Angka ini naik sebesar Rp 166,69 miliar dibanding periode sama di tahun sebelumnya yang sebesar Rp 336,04 miliar.

"We are grateful that, amidst uncertain global economic conditions, the Company was able to record positive performance throughout 2025," explained BNBR Finance Director Roy Hendrajanto M. Sakti.

The Company's net revenue came from PT Bakrie Metal Industries ("BMI") Group, amounting to IDR 2.18 trillion, PT VKTR Teknologi Mobilitas Tbk. ("VKTR") Group, IDR 1.08 trillion, and PT Bakrie Indo Infrastructure (BIIN) Group, IDR 464.21 billion.

VKTR Perkuat Peran Mobilitas Listrik Nasional

PT VKTR Teknologi Mobilitas Tbk ("VKTR"), part of BNBR, recorded revenues of around IDR 1.08–1.1 trillion in 2025, an increase compared to the previous year, driven by the implementation of electric buses, electric commercial vehicles, and stable contributions from the automotive components business.

VKTR menunjukkan ketahanan meskipun pasar otomotif nasional melambat, karena fokus pada kendaraan komersial yang didukung sektor logistik, infrastruktur, dan industri.

Ke depan hingga 2030, VKTR memiliki potensi pertumbuhan signifikan seiring percepatan elektrifikasi transportasi di Indonesia, dengan fokus pada pengembangan bus listrik untuk transportasi publik serta truk listrik bagi sektor logistik, pertambangan, konstruksi, dan perkebunan. Pertumbuhan ini juga didukung oleh peningkatan TKDN, penguatan manufaktur domestik, dan pembangunan rantai pasok kendaraan listrik yang terintegrasi.

VKTR telah menjalin kerja sama dengan operator transportasi publik seperti TransJakarta, kementerian, pemerintah daerah, BUMN, dan sektor swasta untuk implementasi kendaraan listrik di berbagai kota.

In addition to public transportation, VKTR's commercial electric vehicles have the potential to reduce emissions in the mining, logistics, construction, plantation, and manufacturing sectors while reducing fuel consumption and operational costs. VKTR is also expanding its utilization into the Waste-to-Energy (WtE) segment, including providing electric vehicles for transporting municipal waste, which is converted into electricity to improve local government operational efficiency and reduce carbon emissions.

VKTR also seeks to complement the national EV ecosystem through the development of charging infrastructure, operational systems, electric vehicle components, and the potential of the battery industry, in line with the downstreaming agenda and Indonesia's 2060 Net Zero Emissions target.

Raihan Unit Usaha Lain

Throughout 2025, BNBR's business units achieved significant success. BNBR's steel pipe subsidiary, PT Bakrie Pipe Industries ("BPI"), posted revenue of IDR 1.76 trillion, a 22.8% decrease compared to IDR 2.29 trillion in the same period in 2024.

PT Southeast Asia Pipe Industries (SEAPI) posted revenue of IDR 194.54 billion, a 28.1% increase compared to IDR 151.88 billion in the same period in 2024. SEAPI's revenue increase came from both the non-oil & gas and oil & gas sectors.

PT VKTR Teknologi Mobilitas Tbk ("VKTR") Group recorded revenue of IDR 1.08 trillion, an 8.5% increase compared to IDR 1.00 trillion in the same period the previous year. This increase was driven by revenue from VKTR Holding, VKTS, and BA Group.

PT Bakrie Indo Infrastructure ("BIIN") Group recorded revenue of IDR 464.21 billion, a 41.6% increase compared to IDR 327.93 billion in the same period last year. This increase was driven by revenue contributions from PT Multi Kontrol Nusantara ("MKN") Group, PT Cimanggis Cibitung Tollways ("CCT"), PT Helio Synar Energy, and support from other infrastructure portfolios, including pipeline networks as strategic infrastructure for oil and gas transportation.

In the construction and EPC industry, PT Bakrie Construction (BCons) posted revenue of IDR 171.58 billion, a 330% increase from IDR 39.9 billion in the same period last year. This revenue increase was driven by the company's projects.

Prospek

Dengan struktur keuangan yang semakin kuat, portofolio infrastruktur strategis—termasuk jalan tol dan infrastruktur lainnya seperti jaringan pipanisasi sebagai sarana transportasi minyak dan gas—serta ekspansi di sektor industri masa depan seperti mobilitas listrik dan energi berkelanjutan, BNBR optimistis dapat menciptakan pertumbuhan berkelanjutan sekaligus memberikan nilai tambah bagi pemegang saham dan mendukung pembangunan nasional.

Untuk informasi lebih lanjut, hubungi:

Roy Hendrajanto M. Sakti

Director [email protected]