Jakarta, May 26, 2026 – PT VKTR Teknologi Mobilitas Tbk (“VKTR”), Indonesia’s pioneer commercial electric vehicle issuer, recorded solid performance growth in the first quarter of 2026. The Company posted a 58% YoY increase in net sales, primarily driven by significant growth in the commercial electric vehicle segment amid rising market demand for low-emission fleets. Meanwhile, the Company’s automotive components manufacturing segment also recorded positive, albeit relatively limited, growth in line with the gradual recovery of the national automotive industry.

In line with this net sales growth, VKTR successfully recorded an 823% YoY increase in operating profit, supported by the Company’s operational efficiency in maintaining relatively stable operating expenses despite significant growth in electric vehicle sales and rising energy prices resulting from recent global geopolitical dynamics. This achievement reflects the Company’s disciplined cost control and effective operational strategy during its business expansion phase. The Company also recorded a 98% YoY increase in net profit.

From a balance sheet perspective, the Company’s financial position remained sound and relatively stable. As of the end of 1Q26, total assets, liabilities, and equity recorded growth of 2% YTD, 5% YTD, and 1% YTD, respectively, reflecting healthy financial structure management amid the Company’s business expansion phase.

President Director of PT VKTR Teknologi Mobilitas Tbk, A. Ardiansyah Bakrie stated, “VKTR continues to deliver positive growth. This demonstrates that the transformation toward commercial electric vehicles in Indonesia is progressing and gaining broader market acceptance. Our focus extends beyond short-term growth, we are also building a strong business foundation through strengthening the domestic content ecosystem (TKDN), production capacity readiness, product portfolio expansion, and comprehensive after-sales services to create healthy and sustainable growth.”

This positive performance reflects VKTR’s success in maintaining growth momentum amid challenging industry conditions while further strengthening its foundation toward a more mature commercialization phase.

Electric Vehicle Acceleration and Market Adoption

Throughout 1Q26, VKTR completed the delivery of 30 units of 12-meter electric buses to TransJakarta operators to support electric-based public transportation operations in Jakarta. With this addition, VKTR has cumulatively supplied 152 electric buses for the TransJakarta fleet, representing approximately 30% of TransJakarta’s total electric bus fleet, which currently stands at 500 units.

To date, VKTR’s electric buses remain the only electric bus fleet in TransJakarta assembled domestically and compliant with Domestic Component Level (TKDN) requirements above 40%. This advantage not only reflects the Company’s commitment to supporting the development of Indonesia’s national electric vehicle industry but also enables VKTR to provide more responsive, reliable, and integrated after-sales services for operators, including through the Full Maintenance Contract (FMC) scheme offered by the Company to optimize operations and improve long-term fleet maintenance cost efficiency.

Strengthening the Local Ecosystem and TKDN

VKTR continues to strengthen the national electric vehicle industrialization roadmap through the development of a TKDN-based production ecosystem. After previously achieving over 40% TKDN for both 12-meter and 8-meter bus lines, VKTR continues to drive component localization and strengthen domestic supply chains as part of its long-term strategy to improve cost efficiency, enhance product competitiveness, and support government policies in developing Indonesia’s national electric vehicle industry.

In line with this, support for the development of the national electric vehicle ecosystem has also grown stronger, including the inauguration of the VKTR Sakti Industries assembly facility on April 9, in Magelang by the President of the Republic of Indonesia. This milestone further strengthens stakeholder confidence in the potential development of Indonesia’s national electric vehicle industry while opening broader opportunities for strategic collaboration to accelerate the transition toward a more sustainable transportation ecosystem in Indonesia.

Looking ahead, accelerating the national electric vehicle ecosystem requires tangible support through increased adoption of domestically produced electric vehicles by strategic institutions, from the central government and regional governments to various public service sectors. Such measures not only demonstrate support for national industry but also contribute to accelerating the energy transition, strengthening domestic manufacturing competitiveness, and creating multiplier effects for Indonesia’s economy.

Carbon Emission Reduction and Sustainable Operational Impact

As the utilization of the Company’s electric vehicle fleet continues to grow across operational regions, VKTR has consistently delivered measurable contributions toward reducing carbon emissions in Indonesia’s public transportation sector. As of the end of 1Q26, VKTR’s electric vehicle fleet had cumulatively traveled more than 17 million operational kilometers, with an estimated reduction of approximately 15 thousand tons of CO₂ emissions compared to conventional fossil-fuel-powered vehicles.

This achievement reflects the increasing maturity of commercial electric vehicle implementation in Indonesia, where electric vehicles are now actively used in daily operations with continuously rising utilization rates. This operational track record further strengthens stakeholder confidence in the readiness of Indonesia’s national electric vehicle ecosystem and its development potential in supporting the transition toward a lower-emission and more sustainable transportation system.

2026 Outlook: Capturing the Energy Transition Momentum

Entering the second quarter of 2026, VKTR sees growing confidence among various strategic prospective customers in adopting electric vehicles to support their business operations on a larger scale.

At the same time, recent global geopolitical dynamics, which have contributed to volatility in global oil prices, are further strengthening the attractiveness of commercial electric vehicles. Rising fossil fuel-based energy costs make the total cost of owning and operating (TCOO) electric vehicles increasingly competitive and attractive for businesses, particularly for high-utilization fleet operations.

As part of expanding commercial electric vehicle implementation across sectors, at the beginning of 2Q26, VKTR completed the delivery of electric transporter vehicles to support intercity transportation fleet needs for a logistics company in Malang, East Java, as well as transporter units for business units within the Bakrie Group ecosystem. In addition, the Company is currently finalizing several projects with strategic clients as part of VKTR’s commercial electric vehicle business development pipeline.

Ardi added, “We believe today’s global challenges further reinforce the urgency of transitioning to commercial electric vehicles. Global geopolitical dynamics affecting energy price volatility continue to highlight the efficiency advantages of electric vehicles over fossil-fuel-powered vehicles, particularly in terms of long-term operational costs. This situation is encouraging more businesses to consider more efficient and sustainable transportation solutions. With the business foundation we have built, from manufacturing, TKDN, after-sales ecosystem, to customer financing development, VKTR remains optimistic about sustaining healthy growth and strengthening its position as a leading player in Indonesia’s commercial electric vehicle sector.”

In line with this strategy, VKTR remains optimistic about further expanding penetration in Indonesia’s commercial electric vehicle market and strengthening its position as one of the key players in the transformation toward a cleaner, more efficient, and sustainable transportation ecosystem in Indonesia.

About PT VKTR Teknologi Mobilitas Tbk

PT VKTR Teknologi Mobilitas Tbk. (VKTR – pronounced “Vektor”) is a pioneer in the electrification of the commercial vehicle segment in Indonesia. VKTR officially listed its shares on the Indonesia Stock Exchange on June 19, 2023, becoming the first commercial EV issuer in the country. VKTR is committed to accelerating sustainable mobility through manufacturing innovation and strategic partnerships with the world’s leading electric vehicle manufacturers.

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VKTR Investor Relations (ir@vktr.id)

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VKTR Corporate Communications (media.relations@vktr.id)