Reported Earnings • Aug 02
Second quarter 2026 earnings released: Rp0.84 loss per share (vs Rp0.51 profit in 2Q 2025) Second quarter 2026 results: Rp0.84 loss per share (down from Rp0.51 profit in 2Q 2025). Revenue: Rp374.6b (down 1.3% from 2Q 2025). Net loss: Rp10.9b (down 149% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 02
Now 21% overvalued Over the last 90 days, the stock has fallen 24% to Rp32.00. The fair value is estimated to be Rp26.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 72%. New Risk • Jul 22
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 12% 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (Rp1.26t market cap, or US$70.7m). Aankondiging • May 13
PT Bakrieland Development Tbk, Annual General Meeting, Jun 17, 2026 PT Bakrieland Development Tbk, Annual General Meeting, Jun 17, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: Rp0.41 loss per share (vs Rp0.69 loss in 1Q 2025) First quarter 2026 results: Rp0.41 loss per share (improved from Rp0.69 loss in 1Q 2025). Revenue: Rp356.4b (up 14% from 1Q 2025). Net loss: Rp7.20b (loss narrowed 76% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to Rp44.00. The fair value is estimated to be Rp57.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 29%. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.61t (US$95.0m) 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 Risk Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (Rp1.61t market cap, or US$95.0m). New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 6.5% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 6.5% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). New Risk • Feb 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.57t (US$92.4m) 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: Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (Rp1.57t market cap, or US$92.4m). Reported Earnings • Nov 03
Third quarter 2025 earnings released: Rp0.14 loss per share (vs Rp2.42 loss in 3Q 2024) Third quarter 2025 results: Rp0.14 loss per share (improved from Rp2.42 loss in 3Q 2024). Revenue: Rp375.3b (up 31% from 3Q 2024). Net loss: Rp6.32b (loss narrowed 94% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Board Change • Oct 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). President Commissioner Bambang Hendradi is the most experienced director on the board, commencing their role in 2002. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • May 14
PT Bakrieland Development Tbk, Annual General Meeting, Jun 19, 2025 PT Bakrieland Development Tbk, Annual General Meeting, Jun 19, 2025. Location: jakarta Indonesia Aankondiging • Jun 06
PT Bakrieland Development Tbk, Annual General Meeting, Jun 13, 2024 PT Bakrieland Development Tbk, Annual General Meeting, Jun 13, 2024. Location: the bridge function room - horison ultima suites, & residences, rasuna jakarta. komplek apartemen, taman rasuna, jl. h.r. rasuna said - jakarta, selatan kota adm. jakarta selatan dki. jakarta, Indonesia New Risk • May 07
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (Rp435.2b market cap, or US$27.0m). New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: Rp1.48t (US$93.2m) 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 (-Rp142b free cash flow). Earnings have declined by 40% per year over the past 5 years. Minor Risk Market cap is less than US$100m (Rp1.48t market cap, or US$93.2m). New Risk • Nov 21
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: -Rp164b 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 (-Rp164b free cash flow). Shares are highly illiquid. Earnings have declined by 40% per year over the past 5 years. Board Change • Oct 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2008. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 18
PT Bakrieland Development Tbk, Annual General Meeting, Jul 24, 2023 PT Bakrieland Development Tbk, Annual General Meeting, Jul 24, 2023. Agenda: To approval the Board of Directors' accountability report on the Company's operations in the year which ended on 31 December 2021; to approval and confirmation on the Company's Balance Sheet statement and Profit/Loss and other comprehensive Income Statements for the year which ended on 31 December 2021; and to approve for the authorization to appoint the Independent Public Accountant for the Company's yearbook 2022. Reported Earnings • Nov 23
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Rp250.9b (up 64% from 3Q 2021). Net income: Rp10.8b (up Rp59.3b from 3Q 2021). Profit margin: 4.3% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2008. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Independent Commissioner Kanaka Puradiredja was the last independent director to join the board, commencing their role in 2008. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 15
PT Bakrieland Development Tbk, Annual General Meeting, Oct 19, 2022 PT Bakrieland Development Tbk, Annual General Meeting, Oct 19, 2022. Board Change • Jul 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Charles Dressler was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Jul 15
PT Bakrieland Development Tbk, Annual General Meeting, Jul 21, 2022 PT Bakrieland Development Tbk, Annual General Meeting, Jul 21, 2022, at 03:30 Coordinated Universal Time. Location: The Bridge Function Room - Hotel Horison Suites & Residences Rasuna Jakarta, Apartemen Taman Rasuna Complex, Jl. H.R. Rasuna Said Jakarta Selatan Indonesia Agenda: To Approval on the Board of Directors' accountability report on the Company's operations in the year which ended on 31 December 2020; to Approval and confirmation on the Company's Balance Sheet statement and Profit/Loss and Other Comprehensive Income Statements for the year which ended on 31 December 2020; to consider Approval for the authorization to appoint the Independent Public Accountant for the Company's yearbook 2021; and to consider other matters. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Charles Dressler was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 24
First quarter 2021 earnings: Revenues exceed analyst expectations First quarter 2021 results: Revenue: Rp174.2b (down 21% from 1Q 2020). Net loss: Rp12.1b (down 112% from profit in 1Q 2020). Revenue exceeded analyst estimates by 22%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Board Change • Nov 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Charles Dressler was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Feb 17
PT Bakrieland Development Tbk, Annual General Meeting, Feb 18, 2021 PT Bakrieland Development Tbk, Annual General Meeting, Feb 18, 2021, at 07:00 Coordinated Universal Time. Location: The Bridge Function Room - Hotel Aston Rasuna Jakarta, Apartemen Taman Rasuna Complex Jl. H.R. Rasuna Said South Jakarta Indonesia Agenda: To consider approval on the board of directors' accountability report on the company's operations in the year which ended on 31 December 2019; to consider approval and confirmation on the company's balance sheet statement and profit/loss and other comprehensive income statements for the year which ended on 31 December 2019; to consider approval for the authorization to appoint the independent public accountant for the company's yearbook 2019; to consider approval of extending the mandate to the board of commissioners in connection with the issuance of Series B Shares of the implementation of warrants issued related to the global bolds restructuring; and to consider approval of amendment to the company's articles of association, to be adapted to the regulation of the financial services authority of the republic of indonesia number 15/POJK.04/2020 concerning plans and implementation of the general meeting of shareholders of public company. 
