With Strong Market Prospects, SIG Maintains Top idAAA Rating from Pefindo

PT Pemeringkat Efek Indonesia (Pefindo) has reaffirmed its idAAA rating with a Stable outlook for PT Semen Indonesia (Persero) Tbk (SIG) through August 2026. This top rating from Pefindo, which has been in place since 2024, reflects the company’s sound financial condition, its performance as a strategic industry supporting national development, and its strong market position as a market leader.

Pefindo also reaffirmed the idAAA rating for the 2022 Series B Phase I Sustainable Bond II issued by SIG, as the company is assessed to have a strong ability to meet its long-term financial commitments on debt securities compared to other issuers in Indonesia.

Previously, SIG had repaid the Series A of Phase I of the 2022 Sustainable Bond II in November 2025 and Series B of Phase II of the 2022 Sustainable Bond I in May 2026, reducing the Company’s financial obligations by Rp2.3 trillion during the period from January through July 2026. This achievement demonstrates SIG’s strong deleveraging capabilities, leading to a reduction in interest-bearing liabilities and lower financial expenses.

SIG’s President Director, Indrieffouny Indra, stated that SIG’s success in achieving an idAAA rating for three consecutive years is recognition of the Company’s ability to maintain positive performance. This achievement serves as motivation for SIG to enhance its capabilities in delivering high-quality product and service innovations to support diverse development needs.

“The idAAA rating further strengthens SIG’s credibility and boosts investor confidence in the Company, while also fostering a more conducive climate for investment growth in Indonesia,” said Indrieffouny Indra.

Indrieffouny Indra added that, in the face of a competitive domestic cement market, SIG has been disciplined and consistent in executing a business transformation focused on three key strategies: improving micro-market management, achieving cost efficiency through operational excellence, and optimizing derivative products and the product portfolio.

To support sustainable performance growth, SIG continues to secure its sales and revenue from the domestic market through business model transformation. SIG is strengthening its retail sales, which have historically contributed 70% of the Company’s total revenue. SIG is refining its business model to reach building supply stores. This strategic move enabled SIG to record total sales volume in the first half of 2026 of 18.28 million metric tons, up 5.6% year-over-year from the previous period’s 17.31 million metric tons.

To enhance the Company’s competitiveness, SIG continues to strive for greater operational excellence. One such effort involves applying the principles of the circular economy to production activities through the use of alternative fuels derived from industrial waste, biomass, and municipal solid waste processed into refuse-derived fuel (RDF). The use of these alternative fuels not only helps reduce the consumption of fossil fuels but also supports the Company’s initiatives in environmental conservation and decarbonization.

Production processes at SIG’s plants are supported by digitalization efforts through the use of machine learning, big data, and artificial intelligence to optimize operations, boost productivity, and achieve energy efficiency. To accelerate progress toward decarbonization, SIG is also developing new renewable energy sources by installing solar panels at its operational units, as well as optimizing waste heat from the cement production process (Waste Heat Recovery Power Generation).

“SIG is committed to maintaining sustainable performance growth to ensure financial resilience, thereby fulfilling its long-term financial commitments while delivering added value to all stakeholders,” said Indrieffouny Indra.