ITSEC Asia (IDX: CYBR) Ready to Accelerate Expansion Amid Rising National Cybersecurity Demand

Jakarta, 21 May 2026 — PT ITSEC Asia Tbk (ITSEC Asia/the Company) (IDX: CYBR), a leading cybersecurity company in Indonesia, today announced the results of its 2025 Annual General Meeting of Shareholders (AGMS), reaffirming the Company’s commitment to strengthening corporate governance and organizational readiness as it enters its next phase of growth.

During the AGMS, shareholders approved all proposed agenda items including the ratification of the Company’s annual report and financial statements for the 2025 fiscal year, the determination of net profit utilization and the report on the realization of proceeds from the Initial Public Offering (IPO) and Series I Warrants as part of the Company’s commitment to transparency and accountability to all stakeholders.

The Company recorded a net profit of IDR 68.35 billion for fiscal year 2025. During the AGMS, shareholders approved the establishment of a mandatory reserve fund amounting to IDR 100 million in accordance with applicable regulations, while the remaining balance will be retained as retained earnings to support the Company’s operations and future business development. In line with this decision, the Company will not distribute dividends for fiscal year 2025. This reflects the Company’s focus on maintaining financial discipline while strengthening its business foundation to support long term growth strategies.

The Company also reported that the full IPO proceeds amounting to IDR 92.18 billion had been fully utilized by the end of fiscal year 2025 in accordance with the planned use of funds previously disclosed to regulators. In addition, realized proceeds from the conversion of Series I Warrants reached IDR 90.75 billion, with the remaining balance of IDR 14.83 billion to continue supporting business development and capability enhancement initiatives during the Company’s next growth phase.

Amid Indonesia’s accelerating digital transformation, ITSEC Asia continues to see rising cybersecurity demand across government, financial services, critical infrastructure and enterprise sectors. To address these growing needs, ITSEC Asia continues to strengthen its capabilities in cyber resilience, managed security services and the development of technology driven security solutions that are adaptive to evolving digital and AI-driven threats.

As part of its organizational strengthening initiatives, shareholders approved the appointment of Yulius C. Rusli and Viko Setiyawan as Directors of the Company. These appointments are intended to strengthen business execution capabilities, strategic development and organizational readiness in addressing the rapidly evolving cybersecurity market.

The AGMS also accepted the resignation of Bambang Susilo from his position as Director of the Company. The Company emphasized that Bambang Susilo will continue contributing through a strategic role as Head of the Governance, Risk and Compliance (GRC) business unit, in line with the growing importance of governance, risk management and compliance within the cybersecurity sector.

Board of Commissioners	Title
Richardus Eko Indrajit	President Commissioner
Andri Hutama Putra	Commissioner
Agustinus Nicholas L. Tobing	Independent Commissioner
Board of Directors	Title
Patrick Rudolf Dannacher	President Director
Marek Bialoglowy	Vice President Director
Eko Prasudi Widianto	Director
Doni Mora	Director
Yulius C. Rusli	Director
Viko Setiyawan	Director

Updated Organizational Structure of PT ITSEC Asia Tbk

Patrick Dannacher, President Director of ITSEC Asia, stated that the strengthening of the Company’s leadership structure represents a strategic step to support the Company’s growth while responding to the increasingly complex dynamics of the cybersecurity industry.

“The cybersecurity industry is entering a phase that is becoming increasingly strategic for business sustainability and national resilience. Strengthening our organization is therefore not only about driving the Company’s growth, but also about ensuring we have the right structure, capabilities and leadership to address rapidly evolving market demands. We see tremendous momentum in Indonesia and ITSEC Asia is ready to play a more significant role in building a resilient digital security ecosystem,” said Patrick.

“Cybersecurity has now become a strategic necessity for many organizations. We see major opportunities to continue strengthening the Company’s capabilities and delivering greater value to customers through innovation, collaboration and stronger execution,” said Yulius C. Rusli.

“We believe the foundation ITSEC Asia has built today creates a very strong platform for growth. Our focus is to ensure the Company remains agile in responding to evolving market needs and the continuously changing digital threat landscape,” added Viko Setiyawan.

The strengthening of the Company’s leadership structure comes amid increasing demand for national cyber resilience alongside accelerating digital transformation across multiple sectors. With stronger governance foundations, disciplined capital utilization and continued focus on capability development, ITSEC Asia remains optimistic about accelerating sustainable growth while reinforcing its position as a trusted cybersecurity strategic partner in Indonesia.

Concluding his remarks, Patrick reaffirmed the Company’s long term direction. “We are entering a phase where our primary focus is execution and measured growth. With stronger foundations now in place, ITSEC Asia is ready to accelerate expansion while creating long term value for all stakeholders.”