Solid Performance: GOLF Distributes IDR 10.36 Billion in Dividends and Expands Golf-Tourism Ecosystem

Jakarta - Building on solid fundamental track records, PT Intra Golflink Resorts Tbk (IDX: GOLF) successfully held its 2025 Annual General Meeting of Shareholders (AGMS) at Mangkuluhur City Office Tower One, Jakarta on 2 June 2026. This meeting, followed by a Public Expose session, formally ratified the company's strategic direction to expand integrated Golf Tourism and property ecosystems across Bali, Sentul, and Belitung.

Net Profit Allocation & IPO Fund Utilisation

Shareholders granted full approval for the allocation of 2025 fiscal year net profit attributable to Owners of the Parent Entity, amounting to IDR 51,809,424,238. Of this total, 20% or IDR 10,361,884,848 is designated as proportional cash dividends. A further 30% (IDR 15,542,827,271) is allocated for mandatory reserves, while the remaining 50% (IDR 25,904,712,119) will be used as internal capital to fund project expansion. The Board of Directors holds full authority over the dividend distribution procedures and timeline.

Regarding the Initial Public Offering (IPO), from the total net raised funds of IDR 371,277,680,001, GOLF has recorded actual realised utilisation of IDR 211,883,866,099. Breakdown shows IDR 152,253,670,876 was utilised for Capital Expenditure (Capex) and IDR 59,630,195,223 for Working Capital. The remaining IDR 159,393,813,902 is currently held in properly accounted placements under management supervision.

FY25 & 1Q26 Performance Recap

GOLF's financial fundamentals continue to show positive momentum. Throughout 2025, the company recorded net revenue of IDR 215.5 billion, marking an 8.9% year-on-year increase. This growth was driven by the golf segment, most notably New Kuta Golf Bali which posted a 95.9% YoY surge to IDR 182.3 billion, alongside IDR 68.4 billion in real estate revenue recognised from handovers of The Links Golf Villa Cluster 1 and Sequoia Hills Sentul. Net profit remained steady at IDR 51.8 billion.

This positive trend continued into the first quarter of 2026, with recorded net revenue of IDR 28.82 billion, a 1.31% YoY increase. Cost efficiency strategies successfully reduced general and administrative expenses by 8.71% YoY to IDR 11.15 billion. As a result, operating profit jumped sharply by 146.16% YoY to IDR 3.18 billion, while net profit rose 20.60% YoY to IDR 1.60 billion.

2026 Targets & Outlook: Aggressive Expansion Across Three Regions

For the remainder of 2026, the company is targeting revenue growth above 10% with net profit margins exceeding 20%. This will be anchored by a combination of recurring revenue strategies and premium real estate expansion, with focused priorities outlined as follows:

Bali: GOLF is accelerating development of the Banyan Tree Pecatu Resorts, the company's flagship Asia-Pacific scale project. To enable this integrated development, approximately 30%–40% of remaining 2025 Capex budget from the total IDR 323 billion allocation will be rolled over to 2026. Construction priorities include a 100-person capacity event venue and a new clubhouse built overlooking the iconic Hole 17 "Dewa's Landing" site. Concurrently, the company is progressing handover for the remaining Cluster 1 property units valued at IDR 110 billion, targeting full revenue recognition within this fiscal year.

Sentul: Healthy cash flow for the property segment will be maintained through consistent progressive handovers for the Sequoia Hills project, operated under a Joint Operation agreement with Trinitiland.

Belitung: Black Rocks Golf & Leisure is being intensively developed as the company's new growth hub. The company will launch the Laskar Pelangi Beach Food Plaza recreation facility and Black Rocks Camping Ground, supported by The Links Golf Villa Belitung as premium golf accommodation revenue stream under Golf Premium.

Management Vision & Long Term Value

GOLF President Commissioner Darma Mangkuluhur Hutomo reaffirmed the company's vision to build an integrated golf Tourism Ecosystem. "Our portfolio across Bali, Sentul and Belitung, anchored by the upcoming Banyan Tree Pecatu Resorts, will establish the company as a global-scale destination operator while delivering optimal long term investment value," he stated.

GOLF Chief Executive Officer Dwi Febri Astuti added that acceleration is the core priority moving forward. "Operational efficiency and cost discipline have delivered solid operating performance. Going forward, our focus will be to accelerate delivery of all strategic projects and maximise revenue from our new commercial facilities."

With this proven financial performance and regional expansion roadmap, PT Intra Golflink Resorts Tbk (GOLF) has formally marked its Business transition from a standalone Golf Course operator into an integrated tourism estate developer.

Strict operational efficiency discipline, measured IPO fund utilisation, and integration of commercial property assets with global standard resorts reflect management's unwavering focus on long term fundamental strength.

By strengthening its recurring revenue base, GOLF is positioning itself as a strategic player in the tourism and real estate sector, with clear projected investment stability for all shareholders.