Jakarta, May 8, 2026 – PT Panorama Sentrawisata Tbk (“PANR” or the “Company”) recorded continued positive growth in operational and financial performance for the first quarter of 2026, despite facing global dynamics, including geopolitical tensions in the Middle East.

In Q1/2026, the Company booked a revenue of Rp 1.0 trillion, growing 17.5% compared to the same period last year (YoY). In line with this growth, net profit increased by 6.6% YoY, while EBITDA grew by 7% YoY, reflecting solid business fundamentals and an adaptive strategy.

Budi Tirtawisata, President Director of PT Panorama Sentrawisata Tbk, stated:
“2026 is a challenging year, but PANR is not in a defensive position. Instead, we are taking proactive steps to accelerate performance by focusing on more resilient and high-value segments. Our commitment is clear: to ensure the Company continues to grow and is able to provide optimal returns for shareholders, even amidst global uncertainty.”

During the 2026 Public Exposé, PANR also provided an update on the results of the Annual General Meeting of Shareholders (AGMS) held on May 8, 2026, in Jakarta. One of the key agendas approved was the distribution of dividends amounting to 46.6% of the 2025 Net Profit, totaling Rp 41.6 billion, where each share will receive a dividend of Rp 30.

Inbound Tourism as a Growth Engine

The Company's positive performance was primarily driven by the Inbound pillar, which recorded a 22.9% YoY growth in the number of tourists (pax). This growth was supported by the Company’s chartered flight programs for the European market with destinations to Thailand, as well as regional expansion into several Southeast Asian countries such as Vietnam and Malaysia.

The Company also strengthened its business pipeline through active participation in various international B2B events, such as ITB Berlin and the ASEAN Tourism Forum (ATF), contributing to increased visibility for future demand.

Corporate Segment Maintains Stability in Travel & Leisure Pillar

On the other hand, the Travel & Leisure pillar in Q1/2026 showed strong resilience in the Corporate segment through meeting, incentive, and corporate travel services. As for the retail segment, tour package sales faced pressure due to geopolitical conflicts in the Middle East in late February. This pressure slightly impacted tour packages utilizing Middle Eastern airlines, such as those from the UAE and Qatar, while other operations remained normal. Additionally, there was pressure resulting from increased fuel surcharges.

Outlook: Optimism with a Selective Approach

Management views current external pressures as temporary and expects them to subside alongside the normalization of energy prices and the stabilization of global conditions. Supported by positive catalysts such as VAT exemptions for domestic flight tickets and the relaxation of South Korean visa policies, the Company remains optimistic about the growth prospects of the tourism industry.

Moving forward, PANR will continue to focus on higher-yield segments, more disciplined cost management, and maintaining business model flexibility to remain adaptive to market dynamics, ensuring growth that is high-quality, sustainable, and resilient.

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