New Risk • May 05
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: Rp17b (US$993k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (Rp17b revenue, or US$993k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (Rp1.42t market cap, or US$81.0m). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: Rp3.74 (vs Rp0.74 loss in 1Q 2025) First quarter 2026 results: EPS: Rp3.74 (up from Rp0.74 loss in 1Q 2025). Revenue: Rp4.10b (down 25% from 1Q 2025). Net income: Rp15.2b (up Rp18.1b from 1Q 2025). お知らせ • May 01
PT Multi Garam Utama Tbk, Annual General Meeting, Jun 09, 2026 PT Multi Garam Utama Tbk, Annual General Meeting, Jun 09, 2026. Reported Earnings • Apr 03
Full year 2025 earnings released: Rp3.48 loss per share (vs Rp4.22 loss in FY 2024) Full year 2025 results: Rp3.48 loss per share (improved from Rp4.22 loss in FY 2024). Revenue: Rp18.8b (down 3.1% from FY 2024). Net loss: Rp13.7b (loss narrowed 18% from FY 2024). New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.65t (US$97.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-Rp2.1b free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risks Revenue is less than US$5m (Rp18b revenue, or US$1.1m). Market cap is less than US$100m (Rp1.65t market cap, or US$97.4m). Board Change • Dec 29
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. お知らせ • May 06
PT Multi Garam Utama Tbk, Annual General Meeting, Jun 11, 2025 PT Multi Garam Utama Tbk, Annual General Meeting, Jun 11, 2025. Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Net loss: Rp2.81b (flat on 2Q 2023). Reported Earnings • May 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: Rp4.84b (down 24% from 1Q 2023). Net loss: Rp3.84b (loss widened 160% from 1Q 2023). New Risk • Dec 09
New major risk - Revenue and earnings growth Revenue has declined by 23% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 23% over the past year. Minor Risks Revenue is less than US$5m (Rp28b revenue, or US$1.8m). Market cap is less than US$100m (Rp248.7b market cap, or US$16.0m).