New Risk • May 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp159.8b (US$9.11m) This is considered a major 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Market cap is less than US$10m (Rp159.8b market cap, or US$9.11m). Minor Risk Revenue is less than US$5m (Rp76b revenue, or US$4.3m). 공시 • May 12
PT Sidomulyo Selaras Tbk, Annual General Meeting, Jun 18, 2026 PT Sidomulyo Selaras Tbk, Annual General Meeting, Jun 18, 2026. New Risk • Apr 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indonesian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Revenue is less than US$5m (Rp77b revenue, or US$4.5m). Market cap is less than US$100m (Rp222.8b market cap, or US$12.9m). Reported Earnings • Apr 02
Full year 2025 earnings released: Rp13.91 loss per share (vs Rp1.56 profit in FY 2024) Full year 2025 results: Rp13.91 loss per share (down from Rp1.56 profit in FY 2024). Revenue: Rp77.2b (down 19% from FY 2024). Net loss: Rp15.8b (down Rp17.6b from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Mar 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp164.3b (US$9.69m) This is considered a major 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 Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Market cap is less than US$10m (Rp164.3b market cap, or US$9.69m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (Rp2.0b sold). Revenue is less than US$5m (Rp78b revenue, or US$4.6m). New Risk • Jan 27
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: Rp2.0b This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (Rp2.0b sold). Revenue is less than US$5m (Rp78b revenue, or US$4.7m). Market cap is less than US$100m (Rp243.1b market cap, or US$14.6m). 
