Announcement • May 22
PT SLJ Global Tbk, Annual General Meeting, Jun 26, 2026 PT SLJ Global Tbk, Annual General Meeting, Jun 26, 2026. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0 (vs US$0 in 1Q 2025) First quarter 2026 results: EPS: US$0 (in line with 1Q 2025). Revenue: US$3.04m (down 14% from 1Q 2025). Net loss: US$341.5k (down 307% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 03
Full year 2025 earnings released: US$0.001 loss per share (vs US$0.002 loss in FY 2024) Full year 2025 results: US$0.001 loss per share (improved from US$0.002 loss in FY 2024). Revenue: US$16.4m (up US$15.2m from FY 2024). Net loss: US$3.63m (loss narrowed 68% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jan 21
Key Executive recently bought Rp1.5b worth of stock On the 15th of January, Amir Sunarko bought around 10m shares on-market at roughly Rp148 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Amir has been a buyer over the last 12 months, purchasing a net total of Rp4.7b worth in shares. New Risk • Dec 02
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 15% 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 Risk Earnings have declined by 1.6% 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 (Rp1.06t market cap, or US$63.7m). Announcement • Nov 25
PT SLJ Global Tbk announced a financing transaction PT SLJ Global Tbk announced a private placement to issue 632,070,000 shares on November 23, 2025. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: US$0 (vs US$0.001 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0 (improved from US$0.001 loss in 3Q 2024). Revenue: US$3.89m (up US$3.74m from 3Q 2024). Net loss: US$346.3k (loss narrowed 90% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Oct 24
Key Executive recently sold Rp234m worth of stock On the 15th of October, Amir Sunarko sold around 2m shares on-market at roughly Rp148 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Amir has been a net buyer over the last 12 months, purchasing a net total of Rp1.3b worth of shares. Board Change • Oct 24
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. 4 non-independent directors. Independent Commissioner Saud Nasution was the last independent director to join the board, commencing their role in 2017. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 18
PT SLJ Global Tbk, Annual General Meeting, May 27, 2025 PT SLJ Global Tbk, Annual General Meeting, May 27, 2025. Reported Earnings • Nov 03
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$152.0k (down 96% from 3Q 2023). Net loss: US$3.56m (loss narrowed 35% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Aug 09
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 10% 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 (10% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Significant insider selling over the past 3 months (Rp4.4b sold). Market cap is less than US$100m (Rp504.3b market cap, or US$31.8m). Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$735.7k (down 81% from 2Q 2023). Net loss: US$2.67m (loss widened 21% from 2Q 2023). Announcement • May 24
PT SLJ Global Tbk, Annual General Meeting, Jun 27, 2024 PT SLJ Global Tbk, Annual General Meeting, Jun 27, 2024. Reported Earnings • May 05
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$344.1k (down 93% from 1Q 2023). Net loss: US$483.7k (loss narrowed 49% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 06
Full year 2023 earnings released: US$0.003 loss per share (vs US$0.009 profit in FY 2022) Full year 2023 results: US$0.003 loss per share (down from US$0.009 profit in FY 2022). Revenue: US$15.5m (down 74% from FY 2022). Net loss: US$14.1m (down 137% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Feb 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 107% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (117% accrual ratio). Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (Rp981.1b market cap, or US$62.8m). New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (117% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (Rp493.3b market cap, or US$31.6m). Buy Or Sell Opportunity • Feb 03
Now 25% overvalued Over the last 90 days, the stock has fallen 26% to Rp130. The fair value is estimated to be Rp104, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Recent Insider Transactions • Nov 30
Board Member recently bought Rp18m worth of stock On the 22nd of November, Rudy Gunawan bought around 118k shares on-market at roughly Rp156 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Aug 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (117% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (Rp472.9b market cap, or US$31.1m). Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$3.79m (down 74% from 2Q 2022). Net loss: US$2.20m (loss widened 306% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Jun 17
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 8.8% 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 Risk High level of non-cash earnings (105% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (Rp468.8b market cap, or US$31.4m). Reported Earnings • Mar 10
Full year 2022 earnings released Full year 2022 results: Revenue: US$58.9m (down 18% from FY 2021). Net income: US$37.7m (up US$34.3m from FY 2021). Profit margin: 64% (up from 4.8% in FY 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 42% share price gain to Rp210, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 15x in the Forestry industry in Indonesia. Total returns to shareholders of 320% over the past three years. Board Change • Nov 16
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. 1 experienced director. 5 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Saud Nasution was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Rp123, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 16x in the Forestry industry in Indonesia. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Rp147, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Forestry industry in Indonesia. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to Rp163, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 16x in the Forestry industry in Indonesia. Total returns to shareholders of 220% over the past three years. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 20% share price gain to Rp108, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 15x in the Forestry industry in Indonesia. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 39% share price gain to Rp100.00, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 15x in the Forestry industry in Indonesia. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to Rp82.00, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 19x in the Forestry industry in Indonesia. Total returns to shareholders of 5.1% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 20% share price gain to Rp125, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 19x in the Forestry industry in Indonesia. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 25% share price gain to Rp99.00, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 6x in the Forestry industry in Indonesia. Total returns to shareholders of 16% over the past three years. Board Change • Apr 27
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. 1 experienced director. 5 highly experienced directors. No independent directors (3 non-independent directors). Independent Commissioner Saud Nasution was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 28% share price gain to Rp64.00, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 6x in the Forestry industry in Indonesia. Total loss to shareholders of 31% over the past three years. Reported Earnings • Apr 07
Full year 2021 earnings released Full year 2021 results: Revenue: US$71.4m (up 36% from FY 2020). Net income: US$3.44m (up US$24.5m from FY 2020). Profit margin: 4.8% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 02
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: US$21.7m (up 68% from 3Q 2020). Net income: US$6.08m (up US$9.14m from 3Q 2020). Profit margin: 28% (up from net loss in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 08
Third quarter 2020 earnings released: US$0.001 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: US$12.9m (down 20% from 3Q 2019). Net loss: US$3.06m (loss widened 298% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 104% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.