VAST: Strong H1 2025 Performance and Enhanced Tenant Services

Solid Financial Performance – PT Vastland Indonesia Tbk (“VAST”) recorded a 5.3% YoY increase in revenue, reaching IDR 19.2 billion compared to IDR 18.2 billion in the same period of 2024. EBITDA rose by 32.5% to IDR 11.4 billion from IDR 8.6 billion, while net profit surged by 34.6% to IDR 7.4 billion from IDR 5.5 billion, supported by improved margins.

High Occupancy Rate – As of the first half of 2025, total occupancy across all assets averaged 97.0%. Build-to-suit warehouses recorded a 94% occupancy rate, while both general warehouses and office spaces were fully leased at 100%, reflecting strong tenant retention and sustained demand.

Smart Connectivity Industrial Estate – The Company partnered with PT iForte Solusi Infotek (iForte) and PT Supra Primatama Nusantara (Biznet) to deploy high-speed fiber optic networks across its estates, strengthening tenant connectivity and preparing for future digital requirements.

Mobile-Based Tenant Service – The Company launched a mobile-based service system for real-time complaint reporting and tracking. With an average resolution time of three days, the system enhances response speed and service transparency.

For further details, please refer to the $VAST Investor Bulletin attached.

Warm Regards,
VAST – Investor Relations Team