The development of the MBJ Integrated Infrastructure is transformational to the Group as it captures the entire reserves of the South Sumatera region, while supporting the production ramp-up of the Group’s TRA coal mine, and delivering significant logistical efficiencies and cost savings. By establishing a reliable and scalable transportation corridor, the Group will be able to enhance operational control across its value chain and improve delivery reliability to customers. Beyond supporting internal coal operations, the MBJ Integrated Infrastructure also provides the opportunity to generate recurring revenue by offering haulage and port services to third-party mine owners in the region. This positions the Group not only as a coal producer, but also as an infrastructure provider within one of Indonesia’s key coal basins, strengthening its long-term earnings potential. The Integrated Infrastructure enables the development of other local resources, such as timber and gold, further enhancing the region’s economic potential. It is expected to drive regional growth, create employment, and deliver sustainable financial returns for the Group, while providing development opportunities for local communities. MARINE LOGISTICS TMP and BSM are integrated sea transportation companies that offer a wide range of maritime energy transportation services. These two shipping companies have a combined track record of around 10 years in building and operating a fleet of tugs and barges, supported by the necessary permits and licenses, access to funding, and experienced manpower. Securing and maintaining own high-quality marine logistics is crucial to the Group’s entire logistics chain as it reduces reliance on third-party transporters, increases operational reliability, and further improves the Group’s operating margins. Beyond supporting MBJ operations with an annual throughput capacity of approximately 40 to 50 million tonnes per annum, the marine logistics arm also enables the Group to diversify its revenue streams through the provision of barging services to third-party customers, while expanding the Group’s asset base to support future earnings contribution. With a ready fleet and a robust operating platform, TMP and BSM are well-equipped to support the Group’s logistics expansion and long-term business growth. 07 GEO ENERGY | ANNUAL REPORT 2025
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