New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-Rp6.8b free cash flow). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (Rp189m revenue, or US$11k). Market cap is less than US$10m (Rp43.8b market cap, or US$2.50m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). New Risk • Apr 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (-Rp6.8b free cash flow). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (Rp189m revenue, or US$11k). Market cap is less than US$10m (Rp46.4b market cap, or US$2.69m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 (-Rp6.8b free cash flow). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (Rp189m revenue, or US$11k). Market cap is less than US$10m (Rp51.2b market cap, or US$3.02m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Nov 01
Third quarter 2025 earnings released: Rp3.22 loss per share (vs Rp1.92 loss in 3Q 2024) Third quarter 2025 results: Rp3.22 loss per share (further deteriorated from Rp1.92 loss in 3Q 2024). Net loss: Rp1.41b (loss widened 68% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Mohd. Bin Jaafar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • May 22
PT Tanah Laut Tbk, Annual General Meeting, Jun 26, 2025 PT Tanah Laut Tbk, Annual General Meeting, Jun 26, 2025. New Risk • Oct 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp5.4b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-Rp5.4b free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (Rp38.5b market cap, or US$2.47m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indonesian stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (Rp133m revenue, or US$8.7k). Market cap is less than US$10m (Rp43.8b market cap, or US$2.85m). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). お知らせ • Jun 08
PT Tanah Laut Tbk, Annual General Meeting, Jun 27, 2024 PT Tanah Laut Tbk, Annual General Meeting, Jun 27, 2024. New Risk • Jun 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -Rp3.2b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-Rp3.2b free cash flow). Revenue is less than US$1m (Rp339m revenue, or US$21k). Market cap is less than US$10m (Rp35.5b market cap, or US$2.16m). Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Reported Earnings • Nov 08
Third quarter 2023 earnings released: Rp1.29 loss per share (vs Rp0.042 profit in 3Q 2022) Third quarter 2023 results: Rp1.29 loss per share (down from Rp0.042 profit in 3Q 2022). Net loss: Rp564.5m (down Rp582.7m from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 148 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 07
Second quarter 2023 earnings released: Rp3.65 loss per share (vs Rp0.77 loss in 2Q 2022) Second quarter 2023 results: Rp3.65 loss per share (further deteriorated from Rp0.77 loss in 2Q 2022). Net loss: Rp1.60b (loss widened 373% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 148 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS Rp3.95 (vs Rp0.66 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: Rp1.25b (up 4.4% from 2Q 2020). Net income: Rp1.07b (up Rp1.36b from 2Q 2020). Profit margin: 86% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 06
New 90-day high: Rp70.00 The company is up 40% from its price of Rp50.00 on 04 December 2020. The Indonesian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 15% over the same period. Reported Earnings • Dec 04
Third quarter 2019 earnings released: EPS Rp0.63 Third quarter 2019 results: Net income: Rp275.9m (up Rp2.44b from 3Q 2018).