Annual General Meeting of Shareholders 2024

Jakarta, June 24, 2025 — Despite the various challenges faced throughout 2024, the Company managed to record a reasonably solid performance. The Company achieved a total revenue of IDR 3.95 trillion in 2024, representing a 2.46% decrease compared to the same period in 2023 (IDR 4.05 trillion), primarily due to delays in the approval of the Work Plan and Budget (RKAB) at the beginning of 2024 and higher rainfall levels compared to the previous year. Operating profit reached IDR 284.42 billion, a 23.56% decline from IDR 372.06 billion in the same period the previous year.
On the other hand, as of December 31, 2024, the Company recorded a significant increase in total assets, reaching IDR 6.28 trillion—up 26.20% from IDR 4.98 trillion in the previous year.
The year 2024 marked an important milestone for the Company in strengthening its commitment to sustainability. In line with this direction, the Company has designated the implementation of Environmental, Social, and Governance (ESG) aspects as one of its short-term priorities.
The growing importance of ESG for investors, financial institutions, the global community, and various stakeholders has encouraged the Company to take a more proactive approach in developing its ESG roadmap. The Company is also working to integrate ESG principles into all aspects of its business and investment strategies, adopting environmentally friendly initiatives, and accelerating the implementation of strategic measures to achieve optimal sustainability outcomes.
To date, the Company has consistently delivered timely financial reporting and public disclosures, held Annual General Meetings of Shareholders (AGMS) on a regular basis, and implemented Nomination and Remuneration Policies. As part of its commitment to Good Corporate Governance (GCG), the Company has established a GCG framework that includes a Corporate Secretary, Audit Committee, Internal Audit, and Nomination and Remuneration Committee, along with a corporate code of ethics, whistleblowing system, and anti-corruption policies.
The implementation of this Annual General Meeting of Shareholders (AGMS) serves as a key moment for the Company to further strengthen transparency, accountability, and sound corporate governance. Hillcon remains committed to maintaining the trust of its shareholders and stakeholders, and to advancing sustainable, competitive business growth amid the evolving dynamics of the industry.