B-LOG Fully Utilizes IPO Proceeds to Strengthen Operational Assets and Support Business Growth in H1 2026

The entire net IPO proceeds of IDR 138.23 billion have been utilized for the development of cold storage facilities and the expansion of B-LOG’s cold and dry operational fleet, in accordance with the plan outlined in the prospectus.

Tangerang, July 9, 2026 – PT Trimitra Trans Persada Tbk (the “Company” or “B-LOG”) [IDX: BLOG] has fully utilized the proceeds from its Initial Public Offering (IPO) as of the end of the first half of 2026.

Based on the Report on the Use of Proceeds from the Public Offering as of June 30, 2026, the Company raised total IPO proceeds of IDR 140.81 billion. After deducting public offering expenses of IDR 2.58 billion, the Company recorded net proceeds of IDR 138.23 billion. The entire net proceeds have been utilized in accordance with the allocation plan disclosed in the prospectus.

Approximately 67%, or IDR 92.61 billion, was allocated as a capital contribution to the Company’s subsidiary, PT Simpan Sini Aja, to support the development of cold storage facilities in Tangerang Regency, Pontianak, and Makassar. The facilities are designed to accommodate products requiring different temperature-controlled storage conditions, including ambient, chilled, and frozen temperatures.

As of June 30, 2026, the entire capital contribution had been utilized, leaving no remaining balance at the subsidiary. According to the previous report, as of December 31, 2025, IDR 50.84 billion had been utilized, while the remaining IDR 41.77 billion was allocated to continue the development of the facilities during the first half of 2026.

Meanwhile, approximately 33%, or IDR 45.62 billion, was allocated by the Company for the purchase of cold and dry light trucks. The entire allocation had been utilized by December 31, 2025. The addition of these vehicle assets is intended to strengthen B-LOG’s operational capacity in supporting customers’ distribution requirements across products with diverse characteristics and handling needs.

Director and Corporate Secretary of PT Trimitra Trans Persada Tbk, Wanny Wijaya, stated that the IPO proceeds were allocated to assets directly supporting the Company’s operational activities and business development.

“We have allocated the IPO proceeds to support business development by strengthening the Company’s operational assets, in accordance with the plan disclosed to the public. The utilization of the proceeds as of the first half of 2026 reflects our commitment to managing the funds in a disciplined, transparent, and accountable manner,” said Wanny.

In line with its business growth, B-LOG will continue to advance its business development through three key pillars: expanding its operational network, strengthening the quality and capabilities of its human resources, and adopting adaptive technologies. These pillars remain central to the Company’s efforts to maintain consistent service delivery and support the evolving distribution requirements of its customers.