5. Information regarding the existence of any strategic party that intends to take over the Company (if any).

Response: As per the response to Query 1 above, the Group is in the process of short-listing the interested parties that have sent their expression of interests.

The transaction structure and regulatory approvals are being evaluated.


4. The Company' s efforts to improve its financial condition (profit generation, improvement of negative equity, and cash flows from operating activities).

Response: The Group believes that the strategic options available would be beneficial to its stakeholders as entering into a strategic corporate action would allow the Group to capitalize on the current bullish price of gold.

See Tomorrow Can Gap Up Or Not!

https://www.idx.co.id/id/perusahaan-tercatat/keterbukaan-informasi/

Re : Response to IDX Letter S-02237 regarding the IDX' s Request for Explanation

Dear Sir/Madam, In connection with the IDX Letter No.: S-02237/BEI.PP3/02-2026 (&ldquo IDX Letter S-02237&rdquo ) dated 18 February 2026, addressed to the Board of Directors of PT Wilton Makmur Indonesia Tbk (&ldquo the Company&rsquo s BoD&rdquo ) regarding IDX&rsquo s Request for Explanation.

We hereby submit the response to IDX Letter S-02237 as follow:

A. Operational, Business, and Reporting Aspects 1. The Company&rsquo s current operational conditions (business activities, operational constraints, resource availability, efficiency measures, etc.).

Response: In early December 2024, the Group&rsquo s Ciemas Gold Project had been affected by the heavy rainfall caused by La Nina, a hydro meteorological disaster. The heavy rain fall had caused flash floods, landslides, power outage, and damage to roads and bridges. Notwithstanding, there had been no damage to the infrastructure to the Group&rsquo s Processing Facility, as well as supporting infrastructure.

In April 2025, the Group had appointed professional firms to assist with the exploration of strategic options that are available to the Group.

The Group is currently in the process of evaluating The Group&rsquo s appointed professional firms had received expression of interests from various interested parties (local and international). The Group is in the process of short-listing the interested parties based on prelimiinary requirements such as:

&bull Background of the interested parties
&bull Background of the ultimate beneficiary owners of the interested parties
&bull Financial ability of the interested parties to resolve the existing liabilities of the Group as well as the recommencement of operations and subsequent business developments
&bull Operational ability of the interested parties to run the existing Processing Facility efficiently and greatly increase the operational capacity within the short-term horizon
&bull Pre-conditions leading up to a binding agreement &bull Transaction structure and regulatory approvals required
 

2. The Company&rsquo s short- and medium-term operational plans.

Response: The Group continues to carry out maintenance works at the Processing Facility to ensure a stable electricity supply and to facilitate the safe resumption of operations when needed.

The Group expects that it will take several months to prepare and resume commercial operations. Given the expected timeline and the existing monsoon season, the Group has taken a prudent approach to focus on the strategic options so that any future resumption of commercial operations will be made together with the selected interested party.

3. The Company has previously experienced delays in submitting financial statements, including the 2024 Annual Financial Statements and all quarterly financial statements for 2025. In this regard, the Company is requested to explain: a. The background to the delays in submission of the financial statements.

Response:

i. the Group&rsquo s reporting for AFS 2024 was delayed as the new external auditors, PKF Hadiwinata had been appointed on December 2, 2024. Given that it is the first year of the incoming auditor, there were many areas such as key audit matters and methodologies which would have to be reevaluated.

ii. the Group had been operating on a lean workforce during this challenging period and

iii. the Group&rsquo s reporting for FS 2Q2025 was further delayed as the accounting server was burnt in 3Q2025 arising from an electrical fire. Access to the accounting software and backup was only completed in early November 2025.

b. The Company&rsquo s efforts to ensure the timely submission of subsequent financial statements in accordance with regulatory deadlines.

Response: Due to the backlog arising from the delays in the submission of the AFS 2024 and Interim FS 2025, the Group has implemented the following measures to prevent delays for the submissions of financial reports in future periods:

i. the Group has implemented and will monitor the clear timelines and responsibilities for the preparation of the financial reports

ii. the Group had experienced high staff turnover within its finance team. The existing team had already managed to turn around the backlog arising from the previous reduction in headcount and

iii. the Group believes that the coordination and the turnaround of its external professionals (i.e. external auditors) will improve given that there would be continuity (being the second year whereby the Group will be audited by PKF Paul Hadiwinata).

4. The impact of the Company&rsquo s operational plans on its financial condition and going concern status.

Response: The Group&rsquo s plans are as follow:

&bull the Group will prioritize making available sufficient funds for its operations (specifically on the strategic options that are available)
&bull the Group will take measures to minimize operating expenditures, including maintaining a lean workforce and
&bull the Group will continue to carry out maintenance works of the Processing Facility

5. Information regarding the existence of any strategic party that intends to take over the Company (if any).

Response: As per the response to Query 1 above, the Group is in the process of short-listing the interested parties that have sent their expression of interests.

The transaction structure and regulatory approvals are being evaluated

B. Financial Aspects (based on the Company&rsquo s most recent financial statements)

1. An explanation of the Company&rsquo s efforts to address its negative equity and its plan for equity recovery.

Response: The Group continues to enjoy support from both its parent entities, Wilton Resources Corporation Limited (&ldquo WRC&rdquo ) and Wilton Resources Holdings Pte. Ltd. (&ldquo WRH&rdquo ).

The Group had obtained support letters from WRC and WRH which stated that there are no present plans to collect any outstanding liabilities as at 31 December 2024 for the period of up to at least 31 May 2026.

Excluding the amounts due to related parties amounting to approximately IDR 281.4 billion, the Group will be in a positive equity position of IDR 253.0 billion.

In addition, the Group believes that the strategic options that are available will bring funds for the business development and for the settlement of the creditors.

2. The background to the Company&rsquo s continued operating losses as of September 30, 2025 (including both internal and external factors).

Response: The Group is currently carrying out maintenance works of the Processing Facility

3. The background and key factors underlying the Company&rsquo s negative cash flows from operating activities.

Response: The Group is currently carrying out maintenance works of the Processing Facility.

4. The Company&rsquo s efforts to improve its financial condition (profit generation, improvement of negative equity, and cash flows from operating activities).

Response: The Group believes that the strategic options available would be beneficial to its stakeholders as entering into a strategic corporate action would allow the Group to capitalize on the current bullish price of gold.




 

" Rich in ore reserves and mineral resources, the Group' s Ciemas Gold Project covers a total area of approximately 3,078.5 hectares in West Java, Indonesia. According to the latest    Independent Qualified Person' s Report (IQPR)1, the Ciemas Gold Project is estimated to contain approximately 3,260 kt of ore reserves with an average gold grade of approximately 7.7 g/t2. In terms of mineral resources, the Ciemas Gold Project is estimated to hold approximately 3,415 kt of measured and indicated mineral resources and 2,559 kt of inferred mineral resources, with average gold grades of approximately 8.6 g/t2 and 6.5 g/t2, respectively."

Don' t Know How Many Time Need To Re-post When Empty Vessel Don' t Read, But Just Wanna Make Some Noise!

INVENTORIES (IDR ' 000)
2024                                                      2023
1,349,358,106                                      1,107,973,639                    Supplies
1,851,512,756                                      778,756,129                        Ore in stockpiles
1,326,237,113                                      7,814,020,696                    Work-in-progress
1,379,906,685                                      1,028,465,356                    Gold dore
5,907,014,660                                      10,729,215,820                  Total

Gold dore of 286.10 grams are used as collateral for WWI& rsquo s payables to PT Wilzilindo Mining Indonesia.

On 25 March 2025, the gold dore was sold to a third party upon receipt of the verbal approval from PT Wilzilindo Mining Indonesia (Note 30).

On 10 April 2025, gold dore of 2,449.29 grams are used as collateral for the WWI' s payables to Fandy Hartanto (Note 30).