MESSAGE FROM PRESIDENT DIRECTOR

Throughout the year, the Board of Directors has continued to steer the Company with a focus on creating sustainable value for shareholders and all stakeholders. Various strategic initiatives have been undertaken to strengthen the Company's competitiveness, enhance operational effectiveness, and ensure its readiness to respond to the evolving construction industry.

The Board of Directors believes that quality is the foundation of all the Company's business activities. Accordingly, the Company remains committed to upholding high standards of quality, occupational health and safety, regulatory compliance, and customer satisfaction throughout its operations. This commitment forms an integral part of the Company's efforts to deliver added value to customers and foster long-term mutually beneficial relationships.

Human capital development continues to be one of the Company's key priorities. The Board of Directors is committed to enhancing the competencies of all members of m-TOTAL through continuous learning, professional development, and capability-building programs that are aligned with business needs and industry developments. We believe that competent, adaptable, and high-integrity human capital is fundamental to the Company's long-term success.

In line with the evolving business landscape, the Company continues to improve its business processes through innovation, transformation, and the adoption of best practices to enhance productivity, operational efficiency, and service quality. At the same time, the Company remains committed to strengthening the implementation of Good Corporate Governance, effective risk management, regulatory compliance, and ethical business practices as part of its commitment to sustainable business growth.

The Company is also committed to creating a positive impact on society through the implementation of meaningful social and environmental responsibility initiatives that are aligned with the needs of its stakeholders. These initiatives reflect the Company's commitment to creating shared value and supporting sustainable development.

With strong business fundamentals, extensive experience, and the dedication of all members of m-TOTAL, the Board of Directors is confident that the Company is well positioned to strengthen its competitiveness, capitalize on future opportunities, and achieve sustainable growth. The Board of Directors will continue to uphold prudence, professionalism, innovation, and good corporate governance in every decision to create long-term value for all stakeholders.

On behalf of the Board of Directors, we would like to express our sincere appreciation to the Board of Commissioners for its guidance and oversight, to our shareholders for their continued trust, and to our customers, business partners, and all stakeholders for their ongoing support and collaboration. We also extend our deepest appreciation to all members of m-TOTAL for their dedication, professionalism, and commitment to advancing the Company's vision and objectives. Together, we will continue to build a resilient, competitive, and sustainable company.

Janti Komadjaja, MSc.
President Director