Financial Analysis Center

Green Flags

• There were 2 names of substantial holders buying
• Top 2 buyers were: ['Mahogany Global Investment Pte.Ltd', 'Dbs Bank Ltd Sg-Pb Client']
• Total bought value in the last 6 months: IDR 1.2 billion
• Foreign holders had been net buying 4 months out of the last 6 months time period

Red Flags

• There were: 1x monthly occurence of increase in public holding --> selling activity
• Net public holding change within the past 6 months: +4.4%
• In the last 6 months: out of 3,915 million shares sold: 12 million shares came from Foreign holders
• Foreign holders had been net selling 2 months out of the last 6 months time period

Green Flags

• 6 months Net Loss decreasing -63.0% compared to last year

Red Flags

• Multiple quarters of (-) Net Income
• Top line decreased by -11.7% in latest Q2 '26 quarter
• Current EBITDA -5.4 B insufficient to cover current Interest Exp -7.5 B
• Total EBITDA -194.9 B insufficient to cover Total Interest Exp -57.9 B in the last 8 quarters

Green Flags

• Current Ratio: 1.6x with an avg of 1.4x over 8 quarters

Red Flags

• Increasing DER for 4 consecutive quarters
• Annual avg shares o/s increase: 17.9%
• Shares o/s increased by 31.1% in the last 3 yrs
• In the last 4 quarters: 1 occurence of Receivables growing 5.7x of Sales growth

Green Flags

Red Flags

• Negative Net Profit and Operating CF