Press Release

From Artificial Intelligence to Cloud: PT Galva Technologies Tbk Sees Immense Opportunity

Jakarta, June 20, 2024 - PT Galva Technologies Tbk ("GLVA") has announced the results of the Annual General Meeting of Shareholders held on June 14, 2024, with financial performance showing solid financial performance in 2023.

With a consolidated net profit of IDR 73.14 billion and a consolidated sales value of IDR 2.06 trillion. The achievement of sales in 2023, although lower by 11.3% compared to the previous year, still increased by 17.8% compared to 2021, exceeding Indonesia's GDP accumulated over the last two years.

Continuing its successful strategy this year, GLVA is eyeing business growth opportunities by creating sustainable innovations. The transformation towards profit growth for GLVA seizes the opportunity to include the important role of Artificial Intelligence (AI) in its business unit sales activities by integrating Artificial Intelligence (AI) in its products and solutions, as a crucial part of its strategy to maintain competitiveness in a dynamic market. This is carried out in response to shifting consumer behaviors that have increased the demand for remote and digital solutions across all of GLVA's target market segments.

PT Galva Technologies Tbk is also focused on the Go-to-Market strategy. By integrating the latest technologies and adopting an aggressive and consistent approach in Go-to-Market, companies can introduce their innovative solutions to more customers and expand their market footprint.

With this adaptive strategy, PT Galva Technologies Tbk is optimistic that it can overcome challenges and take advantage of the opportunities that exist in 2024, support sustainable growth, and provide added value for the company's stakeholders.

Cash Dividend for Fiscal Year 2023
The cash dividend of IDR 22.5 billion or IDR 15.00 per share will be distributed by GLVA to shareholders as a company's commitment to create profits for investors amidst existing business turmoil. Investors who are entitled to this dividend must be registered in the Register of Shareholders (DPS) of PT Galva Technologies Tbk at the closing of stock trading on 28 June 2024 (recording date).

About PT Galva Technologies Tbk (“GLVA”)
PT Galva Technologies Tbk (“GLVA”) is a leading regional partner for IT Electronics products and solutions in the technology and digital fields, with more than 33 years of business experience and distribution of marketing networks in more than 250 cities districts throughout Indonesia as well as the ability for after-sales service that are available in more than 12 major cities. Through three pillars of different business units: Business Solutions, Document Solutions and IT Distribution, prioritizing the vision as a company that provides the best products for consumers, the best work environment for every employee and provides real benefits to society.