Jakarta, October 30, 2025 - PT VKTR Teknologi Mobilitas Tbk (“VKTR”) released its consolidated financial statements for the 9M25 period. The company recorded total net revenue of IDR 717 billion in 9M25, representing 11% year-on-year (YoY) growth compared to IDR 646 billion in 9M24, despite a sluggish national automotive market.

As previously communicated, the company anticipated stronger electric vehicle (EV) sales prospects in 2025, with sales recognition concentrated in the second half of the year due to domestic assembly lead times. This was reflected in the company’s 9M25 performance, which saw a significant increase in EV sales compared to the same period last year. Meanwhile, revenue from the parts manufacturing business segment remained stable and resilient amid an automotive industry that has yet to recover, as shown by the over 25% decline in national vehicle sales year-to-date as of September 2025.

Net profit attributable to owners of the parent company declined 89% YoY, from IDR 10.6 billion in 9M24 to IDR 1.1 billion in 9M25. This decrease was mainly due to strategically increased operating expenses to support sales expansion initiatives, including joint product trials with potential customers. The company remains optimistic that these strategic initiatives will drive stronger sales growth in the coming periods.

During the nine-month period of 2025, VKTR recorded sales of 6 Forklift units (in addition to 10 units previously in operation at warehousing companies), delivery of 20 buses to Transjakarta operators, 22 charging units, and revenue from after-sales services.

In this period, VKTR also completed the Completely Knocked Down (CKD) assembly process for 20 electric buses for Transjakarta operator, part of the 80-unit order received in the second quarter of the year. This adds to the 81 electric buses already operating for Transjakarta and other companies from the previous year.

Additionally, during the first nine months of 2025, VKTR received electric vehicle orders from both government institutions and private companies. For the government sector, VKTR received an order for 10 electric garbage trucks from the Provincial Government of the Special Capital Region of Jakarta. These trucks are currently undergoing assembly and are scheduled for delivery in December 2025. This order adds to the 14 electric garbage trucks previously deployed in Nusantara Capital City (IKN).

In the private sector, VKTR received purchase orders (POs) from a logistics company for electric trucks to be operated in several cities across Indonesia, as well as from other private companies ordering electric buses for employee transport.

Furthermore, the company will continue to strengthen its focus on sustainable growth strategies this year. Market penetration through enhanced sales and marketing activities—including conducting more unit trials with strategic potential customers—will remain a priority. The company also continues to focus on operational optimization to ensure production efficiency and to increase the number of locally assembled commercial electric vehicles with a high domestic component level (TKDN).

“VKTR remains steadfast in our mission to accelerate electric vehicle adoption, particularly in the commercial vehicle sector, which plays a key role in reducing carbon emissions. Backed by the expertise of our local workforce, technological capabilities, and partnerships across industries, we will continue to produce locally assembled vehicles that will drive Indonesia toward a greener mobility future,” said Gilarsi W. Setijono, President Director of VKTR.

About VKTR
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.

For more information:
Corporate Communication (media.relations@vktr.id)