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16 Jul 2026
Geo Energy: The Group’s MBJ Integrated Infrastructure Goes Operationally Live
• On 16 July 2026, the Group commenced MBJ’s first loading operations from the PT Triaryani (“TRA”) coal mine, as part of an approximately 50,000 tonnes of shipment to be sold to a domestic end user, valued at around US$3.2 million.
• The new infrastructure will increase the Group’s EBITDA by up to around US$350 million per annum solely from TRA cost savings and up to around US$250 million per annum from leasing excess capacity to third-party users, when MBJ reaches its throughput capacity of around 50 million tonnes per annum.
• MBJ going operationally live will create an immediate positive impact, not only on substantial cost savings, but also allow the Group to ramp-up coal sales significantly for the second half of 2026 by over 100%, to approximately 8 million tonnes. The Group is on track to achieve targeted coal sales of 11.512.5 million tonnes for 2026.
Commenting on the first loading operations with MBJ’s Integrated Infrastructure, Mr Charles Antonny Melati, Executive Chairman & Chief Executive Officer of the Group, said:
“The commencement of our first loading operations on MBJ's Integrated Infrastructure marks the beginning of a new phase in the Company’s growth strategy and establishes an integrated logistics corridor to support the efficient transportation of coal products to domestic and international markets, positioning the Group to capture future growth opportunities while reinforcing its competitive advantage.
In 2023, when we addressed our shareholders in the EGM to acquire TRA and MBJ, we spoke about our plans of building and owning our own strategic logistics infrastructure that would fundamentally transform the Group’s profile and financial performance. Today, we have achieved and realised this vision, and delivered what we have said to our shareholders.
2 As MBJ progresses towards full operations, its scale and integrated capabilities are expected to unlock significant operating efficiencies, expand the earnings potential, and create new revenue streams through third-party infrastructure services.
This milestone is the result of the dedication and collaboration of our people, contractors and business partners. I extend my appreciation to all parties involved for their commitment to achieving this important stage of the project.
We believe MBJ will serve as a catalyst for sustainable economic development while creating enduring value for all stakeholders.”