Geo Energy Resources Successfully Completes S\$15 Million Share Placement Amid Strong Investor Demand

Key Highlights for Investors

• Geo Energy Resources Limited has completed a successful share placement, raising approximately S\$15 million through the issuance of 35 million new ordinary shares at S\$0.425 per share.
• KGI Securities (Singapore) Pte. Ltd. acted as the Placement Agent for this transaction.
• The placement attracted strong investor interest, underlining market confidence in the Group’s strategy and future prospects.
• The additional capital will be used to strengthen the Group’s capital structure, enhance financial flexibility, and broaden its shareholder base.

Management Commentary and Strategic Direction

According to Mr Charles Antonny Melati, Executive Chairman & CEO, the strong investor demand for the placement reflects confidence in Geo Energy’s capabilities and its ambition to become a billion-dollar market capitalisation energy group. He emphasised that the Group’s business strategy is progressing as planned, with key projects and initiatives on schedule. The fresh funds will provide greater flexibility to accelerate value creation in line with their business model. The Group remains focused on strengthening its market position as a resilient, high-growth energy producer and regional infrastructure provider.

Strategic Business Developments and Asset Expansion

• Geo Energy’s strategy centres on disciplined asset acquisition, production growth, and supply diversification.
• The Group currently owns three mining concessions in Kalimantan and South Sumatera, Indonesia, through its subsidiaries.
• A 49% equity interest is held in PT Internasional Prima Coal, a joint venture with PT Bukit Asam Tbk, one of Indonesia’s largest state-owned coal producers.
• Geo Energy increased its effective interest in PT Marga Bara Jaya (MBJ) to 71.3%. MBJ is developing an integrated infrastructure project (road and jetty) with a targeted annual capacity of 40–50 million tonnes, supporting production growth at the TRA coal mine and enhancing long-term operational efficiency.
• On 8 January 2026, Geo Energy completed the acquisition of a 51% equity stake in Indonesian shipping companies specialising in commodity logistics, including coal and other non-mining products. This move allows the Group to rapidly expand its supporting fleet, optimise logistics for the TRA coal mine and MBJ jetty operations, and diversify revenue via third-party barging services.

Shareholder and Price-Sensitive Information

• The successful completion of the share placement and the associated capital strengthening are likely to be viewed positively by the market, as they improve the Group’s financial position and growth capabilities.
• The expansion of strategic infrastructure and logistics assets is expected to support higher production volumes and operational efficiency, potentially leading to improved financial performance.
• The Group’s focus on supply chain diversification and fleet expansion provides opportunities for new revenue streams beyond coal mining, reducing reliance on a single business segment and enhancing resilience against industry cyclicality.
• The Group’s expressed ambition to achieve a billion-dollar market capitalisation could serve as a catalyst for longer-term share price appreciation if executed successfully.

About Geo Energy Resources Limited

Geo Energy Resources Limited is a leading Indonesian energy group, listed on the Mainboard of the Singapore Exchange since 2012 and included in the Singapore FTSE-ST Index. The company focuses on the efficient production of premium, low-ash, and low-sulphur thermal coal from strategically located assets in Indonesia.

For more information, visit www.geocoal.com.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors are advised to perform their own due diligence or consult a qualified financial advisor before making investment decisions.

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