B-LOG Ready to Go Public, Supporting the Growth of Indonesia’s Logistics Sector

Tangerang, June 23, 2025 – PT Trimitra Trans Persada Tbk (B-LOG) has announced its readiness to conduct an Initial Public Offering (IPO), scheduled to take place from June 23 to June 25, 2025. As a logistics company with a vision to become a key player in Indonesia’s logistics sector, this IPO is not only a strategic step for the company but also a significant milestone in strengthening our position as an integrated logistics services provider (3PL) in a rapidly growing market.

B-LOG’s Journey to IPO

B-LOG began in 2009 as a vehicle rental service provider and has since grown rapidly in line with the increasing demand for integrated logistics solutions in Indonesia. Since 2017, we have transformed into a logistics transport provider focused on the Business-to-Business (B2B) segment. Now, with more than 3,200 active vehicles and an operational network spanning 47 cities and 23 provinces, B-LOG is ready to take the next step by listing its shares on the Indonesia Stock Exchange (IDX) on July 8, 2025.

Raising Capital for Sustainable Growth

Through this IPO, B-LOG plans to release 563,247,900 shares, equivalent to 16.67% of the company’s issued and paid-up capital post-IPO. With an offering price in the range of IDR 240 to IDR 270 per share, B-LOG aims to raise up to IDR 152.07 billion. These funds will be used to accelerate growth and expand our logistics infrastructure, including the development of cold storage facilities and the addition of vehicles to strengthen our distribution network throughout Indonesia.

Strategic Use of Funds

Approximately 67% of the funds raised will be allocated to our subsidiary, PT Simpan Sini Aja (SSA), which will expand cold storage capacity to meet the growing demand for temperature-controlled logistics. SSA plans to build three new warehouses in Tangerang, Pontianak, and Makassar, each with different temperature specifications to support a variety of storage needs for temperature-sensitive products.

Meanwhile, 33% of the IPO funds will be used to expand our vehicle fleet, particularly by procuring 75 to 100 light trucks equipped with cold or dry box containers. We believe that with expanded fleet and facility capacity, we can offer more efficient services and reach a broader market.

Strengthening the Nationwide Distribution Network

With over 124 operational points, B-LOG serves various industry sectors, including fast-moving consumer goods (FMCG) and retail distribution. Our asset ownership-based operational model allows us to maintain control over service quality and ensure on-time deliveries, enabling customers to benefit from better logistics cost efficiency.

Through this IPO, B-LOG will expand its reach and strengthen its distribution network.

“We want to ensure we can be present in every region and serve our customers better. With the funds from this IPO, we will accelerate the development of new warehouses and strengthen our existing fleet,” said Maickel Tilon, President Director of B-LOG.

Our Integrated Logistics Solutions

B-LOG focuses on providing integrated logistics solutions, covering both transport management and warehouse management. We offer Total Transport Management (TTM) services that go beyond vehicle provision — including route planning, scheduling, administrative processes, and fuel management.

Additionally, through our subsidiary SSA, we offer Total Warehouse Management (TWM) services, specializing in warehouse operations supported by cold storage facilities. Our services include temperature-specific product handling, along with value-added services such as pick & pack, labeling, and reverse logistics. These comprehensive logistics solutions enable us to deliver added value, especially in supporting efficient product distribution.

Embracing a Brighter Future

This IPO marks not only a major milestone for B-LOG, but also reflects our commitment to continuous growth and innovation in delivering the best logistics solutions for our clients. We are determined to strengthen our position as a leading logistics player in Indonesia — not just in the movement of goods, but in delivering efficiency and system integration across the logistics landscape.

B-LOG believes this IPO will unlock greater opportunities to expand our network, introduce more advanced logistics services, and contribute to the growth of Indonesia’s logistics sector. Through this step, we aim to support Indonesia’s economic development by providing more efficient and integrated logistics solutions.

IPO Schedule and Information:

• Bookbuilding Period: June 23–25, 2025

• Public Offering Period: July 2–4, 2025

• Stock Code: BLOG

• Lead Underwriter: PT BCA Sekuritas