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ELEVATING
THE BASELINE
2 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Transformative moment do not emerge in isolation. History amply reminds
us that revolutionary progress takes shape only after the conditions around
it have ripened; when the groundwork has been laid, capabilities cultivated,
and systems prepared to carry change forward.
For BFI Finance, Elevating the Baseline is about cultivating those conditions
with keen intent. It involves the rigorous work of strengthening foundations,
refining decision-making, and applying discipline in our daily execution. We
do not claim to have reached a revolutionary moment in our business journey,
nor are we rushing toward one. Instead, we are facing what lies ahead, one
thing at a time.
Thus, we invest in readiness. We raise the ground on which we operate—
organizationally, operationally, and culturally. So, when the opportunity
presents itself, our aspiration can be translated into action with clarity and
consistency, building a legacy that endures.
Disclaimer
This Integrated Annual Report of PT BFI Finance Indonesia Tbk (“BFI Finance” or the “Company”) contains
information prepared in good faith and based on sources deemed to be reliable. While the Company endeavors
to ensure the accuracy, usefulness, and completeness of the information presented herein, no warranty is made
as to these matters. This report includes forward-looking statements regarding the Company’s outlook, plans,
and expectations. Such statements are not historical facts and may involve risks, uncertainties, and assumptions
that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to
place undue reliance on these forward-looking statements. The Company is under no obligation to update any
forward-looking statements as a result of future events or developments. Any reliance on this report and the
accompanying Financial Statements is at the reader’s own risk. Certain figures presented have been rounded,
and minor discrepancies may occur.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 3
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ABOUT THIS REPORT Audit Committee 80
Elevating the Baseline 2 Risk Oversight Committee 82
Introduction to Integrated Reporting 6 Nomination and Remuneration Committee 84
Summary of Integrated Annual Report 2025 8 Senior Management Profiles 86
Summary of 2025 Sustainabilty Perfomance 9 Corporate Structure 89
Subsidiaries and Associated Entities 90
2025 PERFORMANCE HIGHLIGHTS 12
2025 Key Highlights 14 MANAGEMENT DISCUSSION &
ANALYSIS 96
Key Financial Highlights 16
Industry Overview 98
Share Highlights 18
Business Review 100
Bond Highlights 19
Transformation 111
Important Events in 2025 20
Operations 112
Awards and Recognition 28
Customer Service 114
Marketing 116
REPORTS TO STAKEHOLDERS 30
Financial Performance Review 118
Report of the Board of Commissioners 32
Analysis of Key Ratios 139
Report of the Board of Directors 36
Comparison of Achievements Against Targets
Responsibility of Integrated Annual Report 40
in 2025 142
Capital Structure 143
COMPANY PROFILE 42 Material Investment on Capital Goods 143
General Company Information 44 Events After Reporting Period 144
Company Vision & Mission 46 Dividends 144
Sustainability Vision & Mission 47 Use of Public Offering Funds 145
Brief Company History 48 Material Investment, Divestment, Merger &
Milestones 50 Acquisition, and Debt or Capital Restructuring 145
Core Values & Corporate Culture 52 Transactions with Potential Conflicts of Interest
and Related Parties 145
Corporate Identity 53
Regulatory Changes and Their Impact on the
Line of Business 53
Company 146
Map and Operational Network 56
Accounting Policy Changes 148
Organization Structure 58
2026 Business Prospects 148
Workforce Profile 60
Board of Commissioners Profiles 64
GOOD CORPORATE GOVERNANCE 150
Board of Directors Profiles 70
Good Corporate Governance Report 152
Sharia Supervisory Board Profiles 76
Sustainability Governance 157
Committees of the Board of Commissioners
Profiles 79 General Meeting of Shareholders 159
4 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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TABLE OF
CONTENTS
Board of Commissioners 167 Meetings of the BOC, BOD, and Joint Meetings
Board of Directors 169 of the BOC and the BOD 253
Sharia Supervisory Board 171 Audit Committee 258
Audit Committee 174 Risk Oversight Committee 262
Risk Oversight Committee 176 Nomination and Remuneration Committee 264
Nomination and Remuneration Committee 178 Access to Information and Communication 267
Corporate Secretary 179 Code of Conduct and Corporate Culture 272
Internal Audit 181 Anti-Corruption Policy 275
Internal Control System 186 Procurement Policy 276
Risk Management 188 Information Disclosure Policy 278
Legal Cases 195 Public Accountant Services 279
Administrative Sanctions 195 Capital Market Supporting Institutions and
Professions 280
Investor Relations 196
Transparency of Financial and Non-Financial
Compliance 197
Conditions Not Disclosed in Other Reports 281
Whistleblowing System 199
Statement of Implementation of OJK's
Corporate Governance Guidelines for Public
Companies 282
SUSTAINABILITY 202
Addresses of Outlets 285
Sustainability Strategy 204
Glossary 308
Human Resources 208
Responsibility for Sustainable Products/
Services Development 214 ANNUAL FINANCIAL STATEMENTS 310
Environmental Performance 215 Consolidated Financial Statements for the Year
Social Performance 219 Ended 31 December 2025 and Independent
Auditors’ Report 312
CORPORATE DATA 226
APPENDICES 438
Share Ownership Composition 228
Feedback Form 440
Controlling Shareholder Profile 231
Cross Reference OJK Circular No. 16/
Ultimate Beneficial Owners 231
SEOJK.04/2021 on Form and Content of Annual
Management and Employee Stock Ownership Reports of Issuers or Public Companies 441
Program (MESOP) 232
Cross Reference OJK Regulation No. 51/
Chronological Listing of Shares and Changes in POJK.03/2017 on Implementation of
Number of Shares 232 Sustainable Finance for Financial Services
Chronological Listing of Other Securities 234 Institutions, Issuers, and Public Companies 457
Board of Commissioners 236
Board of Directors 240
BOC and BOD Remuneration 250
BOC and BOD Performance Assessment 252
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 5
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
INTRODUCTION TO INTEGRATED
REPORTING
The 2025 Annual Report of PT BFI Finance Indonesia Tbk is presented an Integrated Report.
The concept of integrated reporting has been espoused 3. Statements of Financial Accounting Standards
by BFI Finance since 2016, with the publication of its 2016 (PSAK) and Interpretation of Financial Accounting
Integrated Annual Report. Since then, the Company has Standards (ISAK), issued by the Indonesian Financial
aligned and updated its reporting practices with the Accounting Standards Board (DSAK) of the Institute
following reporting criteria and standards: of Indonesia Chartered Accountants (IAI);
4. Integrated Reporting International <IR> Framework,
1. SEOJK No. 16/SEOJK.04/2021 on Form and Content of issued in January 2021 by the International Integrated
Annual Report of Issuers or Public Companies (SEOJK Reporting Council (IIRC, now part of the IFRS
16/2021); Foundation); and
2. POJK No. 51/POJK.03/2017 on Implementation of 5. Integrated Thinking Principles v1.0, issued in
Sustainable Finance for Financial Services Institutions, December 2021 by the Value Reporting Foundation
Issuers, and Public Companies (POJK 51/2017); (now part of the IFRS Foundation).
INTEGRATED THINKING: A HOLISTIC APPROACH
Integrated thinking is a multi-capital management approach that enables organizations to deliver their purpose to
benefit their key stakeholders over time. It emphasizes creating and preserving value and improving decision-making
based on interconnected, multi-capital information. This approach is fundamental to the Integrated Reporting
Framework which BFI Finance adopted as it encourages us to think and report beyond traditional financial metrics
and take into account broader factors such as social, intellectual, and environmental capitals.
Incorporating integrated thinking into business practices supports BFI Finance in addressing complex challenges
and opportunities in a cogent and comprehensive manner. By adopting the Integrated Thinking Principles—namely
Purpose, Governance, Culture, Strategy, Risks & Opportunities, and Performance—our business will be able to optimize
the ability to create value over the long term, understanding the trade-offs made across various resources and
relationships.
Graph 1 | Integrated Thinking
Source: IFRS Foundation – https://integratedreporting.ifrs.org/integrated-thinking/
6 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
Graph 2 | The Interplay of Multiple Capitals in Company Value Creation
Source: International <IR> Framework, Integrated Reporting – https://integratedreporting.ifrs.org
BENEFITS AND LONG-TERM GOALS OF INTEGRATED REPORTING AND
THINKING
Our Company believes that by adopting the Integrated Reporting and Thinking framework and principles, we can:
■ Enhance Decision-Making: Integrated Thinking fosters a more holistic view of our organization, leading to better-
informed decisions that consider a wide array of factors, from financial to environmental.
■ Promote Sustainable Business Practices: We will align our practices with global trends emphasizing sustainability,
which in turn will empower us in adapting to environmental and social risks and opportunities.
■ Create Long-term Value: By considering multiple capitals under our control, we can focus on creating value not
just financially but also in terms of social, intellectual, and environmental impacts.
■ Improve Stakeholder Engagement: Our integrated report provides stakeholders with a more comprehensive
view of our strategy, performance, and prospects.
■ Uphold Transparency and Accountability: This approach promotes greater transparency in our reporting,
allowing our stakeholders to see clearly and understand the full spectrum of our activities and impacts.
ABOUT THIS INTEGRATED REPORT
The 2025 Integrated Annual Report of PT BFI Finance Indonesia Tbk reports the Company’s performance of value
creation in the aspects as described in the above framework. The scope of this report is the Company and its subsidiary,
PT Finansial Integrasi Teknologi (FIT), whose financial results are consolidated into the Company’s. The period covered
in this report is from 1 January 2025 to 31 December 2025. The Company publishes its integrated reporting on an
annual basis.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 7
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
SUMMARY OF INTEGRATED ANNUAL
REPORT 2025
SUBJECT MATTER SUSTAINABILITY ELEMENT
The 2025 Integrated Annual Report of PT BFI Finance The inclusion of the Sustainability chapter in the
Indonesia integrates both the Company’s annual and Integrated Annual Report is a form of compliance with
sustainability reports, consisting of nine chapters on POJK 51/2017 on Implementation of Sustainable Finance
the Company’s business and non-business related for Financial Services Institutions, Issuers, and Public
discussions, as follows: Companies, as affirmed by SEOJK 16/2021.
1. About This Report Sustainable Finance is a comprehensive support from the
2. 2025 Performance Highlights financial services sector to create sustainable economic
3. Reports to Stakeholders growth by aligning economic, social and environmental
4. Company Profile interests.
5. Management Discussion and Analysis
6. Good Corporate Governance Various sustainability elements are integrated into
7. Sustainability the Company’s annual reporting using the Integrated
8. Corporate Data Thinking approach.
9. Annual Financial Statements
COMPANY CAPITAL
In addition to the printed form, this report is accessible
online on the Company’s website: Referring to the Integrated Thinking approach, the
https://www.bf i.co.id/en/corporate/Investor-Relations/ Company’s business processes involve six main types of
Annual-Sustainability-Report capital, namely:
1. Financial;
REFERENCES 2. Manufactured;
3. Intellectual;
The main references used in the making of the 2025 4. Human;
Integrated Annual Report of PT BFI Finance Indonesia 5. Relationship & Social; and
Tbk are the regulations issued by regulators or 6. Natural.
authorities concerning publication of annual report by
public companies or issuers and international standard COMPANY STAKEHOLDERS
guideline for sustainability reporting, among others:
1. Law No. 40/2007 on Limited Liability Companies (UU Given BFI Finance’s line of business as a multifinance
PT); company, and its alignment with the six main types
2. POJK No. 29/POJK.04/2016 on Annual Report of of capital, the Company’s business and non-business
Issuers or Public Companies; performances and achievements create added value to
3. POJK No. 51/POJK.03/2017 on Implementation of its main stakeholders, who are, among others:
Sustainable Finance for Financial Services Institutions, 1. Customers;
Issuers, and Public Companies (POJK 51/2017); 2. Shareholders/Investors;
4. SEOJK No. 16/SEOJK.04/2021 on Form and Content of 3. Employees;
Annual Report of Issuers or Public Companies (SEOJK 4. Regulators;
16/2021); 5. General Public;
5. Regulations related to stock exchange and capital 6. Environment; and
market issued by IDX; and 7. Business Partners.
6. Other laws, POJK, SEOJK, and regulations which
become the references for the content and discussion
material in the integrated annual report.
8 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
SUMMARY OF 2025 SUSTAINABILITY
PERFORMANCE
SUSTAINABILITY STATEMENT
We conduct a responsible business by providing inclusive access to financing to improve the well-being of our
customers, while contributing to community development and conservation of the environment.
BFI FINANCE’S VALUE DISTRIBUTION
By conducting business in the multifinance industry in Indonesia, in 2025 the Company:
■ Made financing products accessible to more than 486 thousand customers in 35 provinces in Indonesia to augment
their economic capability;
■ Disbursed financing of roughly Rp9.92 trillion to bolster MSMEs in Indonesia;
■ Employed upwards of ten thousand personnel and provided uplift to their families’ livelihoods;
■ Procured products and services from 9,148 of businesses across Indonesia and 28 overseas suppliers, thereby
contributing to the country’s economic growth;
■ Contributed to the surroundings’ social betterment and environmental conservation through CSR and financial
literacy activities and tax payments to the government; and
■ Created attractive shareholder value and returns for our investors grounded upon our industry standing and an
attractive dividend payout ratio.
FINANCIAL VALUE CREATION AND DISTRIBUTION
BFI Finance creates financial value and capital through its various business processes, and distributes this to different
stakeholders via various means and in various forms. The amount of financial value that BFI Finance distributed over
the past three years is detailed below (in Rp million):
Table 1 | Financial Value Distribution
Description (Rp million) 2023 2024 2025
Revenue 6,353,113 6,335,070 6,747,819
Shareholders/Investors 902,363* 827,166** 1,000,989***
Employees 1,457,103 1,517,239 1,517,111
Business Partners and Other Operations 2,869,264 2,889,093 3,255,318
Government 381,453 361,940 391,591
Surrounding Communities 1,494 2,124 2,309
Business Continuity 1,643,799 1,564,674 1,581,490
* Final dividend for 2022 paid in 2023 and interim cash dividend for 2023, including Article 26 Income Tax on Dividend
** Final dividend for 2023 paid in 2024 and interim cash dividend for 2024, including Article 26 Income Tax on Dividend
*** Final dividend for 2024 paid in 2025 and interim cash dividend for 2025, including Article 26 Income Tax on Dividend
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 9
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
CAPITAL UTILIZATION AND VALUE CREATION FOR STAKEHOLDERS
UTILIZATION AND VALUE BENEFICIARY EXPLAINED IN
TYPE OF CAPITAL FORM OF CAPITAL
CREATION ACTIVITY STAKEHOLDER CHAPTER
Normal business activities,
adjustments of business
Financing facility
strategy to the developments Customers,
of digital transformation Shareholders/
Investors, 2, 3, 4, 5, 9
Suppliers, Business
Equity Business strategy execution Partners
Financial
Expansion of physical
and digital presence,
Operational strengthening of origination
2, 3, 4, 5, 7
business network and collection capabilities,
and ecosystem-based Customers,
partnerships Shareholders/
Investors,
Organizational restructuring,
Operational Employees,
investment, development, 2, 3, 4, 5
infrastructure Suppliers, Business
and optimization
Partners
Development and
Information investment in IT, scoring
2, 3, 5
technology (IT) engine enhancement,
Manufactured
cybersecurity improvement
Development of a robust and
adaptive business model,
Business model Customers,
implementation of direct-to-
Shareholders/
consumer strategy
Investors,
2, 3, 4, 5
Employees,
Ongoing transformation
Suppliers, Business
Digitalization through business process
Partners
Intellectual digitalization
10 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
UTILIZATION AND VALUE BENEFICIARY EXPLAINED IN
TYPE OF CAPITAL FORM OF CAPITAL
CREATION ACTIVITY STAKEHOLDER CHAPTER
Enhancement of welfare,
engagement, professional
Employees 2, 3, 4, 7
capability, occupational
health and safety
Work culture Application of BFI Culture 2.0 4, 7
Employees,
Regulators
Enhancement and alignment
Employment
with the prevailing standards 7
practices
and best practices
Human
Support to government
Partnership with initiatives and programs for
Regulators 2, 5, 6, 7
the government national welfare, compliance
with regulations
Improvement of quality
of healthcare, education,
Interactions with
and community welfare in
surrounding General Public 7
Indonesia through various
communities
well-targeted sustainability
programs
Scholarship Ongoing implementation General Public,
7
programs and expansion Employees
Relationship & General Public 7
Social
Formulation,
implementation,
CSR programs
evaluation, and continuous
improvement
Environment 7
Resources usage reduction
Resources
and optimalization, Environment 7
utilization
supported by technology
Natural
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 11
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2025
Performance
Highlights
12 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 13
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
2025 KEY HIGHLIGHTS
MANAGED RECEIVABLES BY ASSET TYPE
15.0 Heavy Equipment
and Machinery
%
9.0
68.3
Car Property and Others
7.7
Motorcycle
Income Assets
6.5% (Rp billion) 1.4% (Rp billion)
2025 6,748 2025 25,473
2024 6,335 2024 25,120
2023 6,353 2023 23,992
Net Financing Receivables Profit for the Year
1.8% (Rp billion) 1.0% (Rp billion)
2025 22,485 2025 1,581
2024 22,096 2024 1,565
2023 20,759 2023 1,644
14 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
ROA (%)
SHAREHOLDERS
8.4
8.0 7.9
%
BFI Finance
5.6 5.0
51.12 48.88 4.2* Industry
Average
2023 2024 2025
ROE (%)
Trinugraha Capital & Co SCA
Others (each below 5%)
17.7
Throughout Indonesia, including 15.7
349 45 sharia representative branches
sharing premises with conventional 15.0
13.8
14.8
BFI Finance
branches 10.7*
Industry
OUTLETS Average
2023 2024 2025
OUTLET REGION
Java and Bali NPF (%)
63.5% (including Greater Jakarta) 13.2% Sumatra
Sulawesi and Eastern
15.1% Indonesia 8.2% Kalimantan
EMPLOYEES ACTIVE CONTRACTS 2.44
2.70 2.51*
BFI Finance
10,540 518,634 1.36 1.25
1.39
Industry
Average
2023 2024 2025
* OJK data as of 31 December 2025
AWARDS
21st Infobank Multifinance Award 2025
■ The Best Performance Multifinance in Asset Class Above Rp10 Trillion
■ Multifinance Company with Consistent Excellent Performance for 20 Consecutive
Years (2005–2024)
Bisnis Indonesia Financial Awards (BIFA) 2025
“The Best Performance Multifinance” in the Publicly Listed Multifinance category
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
KEY FINANCIAL HIGHLIGHTS
Figures in the tables and graphs below are presented in billion rupiah (unless stated otherwise).
Table 2 | Financial Performance Highlights and Ratios
Description 2023 2024 2025
Consolidated Statement of Profit or Loss and Other Comprehensive Income
Financing Income 6,042 6,030 6,441
Others 311 305 307
Total Income 6,353 6,335 6,748
Salaries and Benefits 1,457 1,517 1,517
Interest and Financing Charges 951 931 940
General and Administrative 871 875 898
Provision for Impairment Losses 786 850 1,091
Others 263 235 329
Total Expenses 4,328 4,408 4,775
Profit Before Tax 2,025 1,927 1,973
Tax Expenses 381 362 392
Profit for the Year 1,644 1,565 1,581
Other Comprehensive Income (Loss) - Net of Tax 2 (56) 39
Total Comprehensive Income for the Year 1,646 1,509 1,620
Consolidated Statement of Financial Position
Cash and Cash Equivalents 1,740 1,614 1,552
Net Financing Receivables 20,759 22,096 22,485
Other Receivables 251 293 315
Fixed Assets - Net 721 673 668
Derivative Assets 57 28 83
Intangible Assets - Net 255 199 144
Other Assets 209 217 226
Total Assets 23,992 25,120 25,473
Fund Borrowings 8,666 10,823 10,370
Securities Issued - Net 4,721 2,936 3,225
Other Payables 1,105 1,179 1,224
Total Liabilities 14,492 14,938 14,819
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
Description 2023 2024 2025
Equity 9,500 10,182 10,654
Total Liabilities and Equity 23,992 25,120 25,473
Shares Data
Share Outstanding (million) 15,967 15,967 15,039
Basic Earnings per Share (Full Amount of Rupiah) 109 104 103
Dividend per Share (Full Amount of Rupiah)1 55 60 see note 1
Ratios
Profitability
Return on Average Assets (ROA)2 8.4% 8.0% 7.9%
Return on Average Equity (ROE)3 17.7% 15.7% 14.8%
Profit for the Year / Total Income 25.9% 24.7% 23.4%
Asset Quality
NPF (including Joint Financing) - Gross 1.36% 1.25% 1.39%
Allowance for Impairment Losses on Managed
3.5% 3.4% 3.7%
Receivables
Coverage of NPF 2.6x 2.7x 2.7x
Liquidity
Current Ratio4 1.4x 1.5x 1.3x
Solvency
Liabilities to Assets Ratio5 0.6x 0.6x 0.6x
Liabilities to Equity Ratio6 1.5x 1.5x 1.4x
Gearing Ratio7 1.4x 1.4x 1.3x
Other Relevant Financial Ratios
Financing-to-Assets Ratio 86.5% 88.0% 88.3%
Equity-to-Paid-up-Capital Ratio 2,379.8% 2,550.7% 2,833.4%
Operational Efficiency Ratio 69.4% 70.5% 71.5%
Other Information
Number of Outlets8 271 267 349
Number of Employees 11,207 10,198 10,540
1. Final dividend per share for 2025 is pending the 2026 GMS resolution
2. Profit Before Tax / Average Assets
3. Profit for the Year / Average Equity
4. Current Assets / Current Liabilities
5. Total Liabilities / Total Assets
6. Total Liabilities / Total Equity
7. (Fund Borrowings and Securities Issued) / Equity
8. Comprising conventional branches, POS, and sharia representative branches
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 17
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
SHARE HIGHLIGHTS
Table 3 | Share Price Summary
Share Price (Rp) Transaction Market
Volume Capitalization
Period Highest Lowest Closing (million units) (Rp billion)
2024 2025 2024 2025 2024 2025 2024 2025 2024 2025
1st Quarter 1,380 940 1,125 695 1,340 815 835 346 21,396 13,013
2nd Quarter 1,340 970 800 710 945 815 1,162 456 15,089 13,013
3rd Quarter 1,040 900 800 720 1,040 765 757 750 16,606 11,505
4th Quarter 1,040 815 850 700 945 700 492 1,229 15,089 10,528
Graph 3 | Share Performance
1,400 -
-1,300
1,200 -
-1,200
1,000 -
-1,100
800 -
-1,000
600 -
-900
400 -
-800
200 -
-700
0-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 2025
Closing Price Volume
BFI Finance’s market capitalization reached Rp10.5 trillion as at end of 2025. This was 30.3% below the market
capitalization at the end of 2024, which amounted to Rp15.1 trillion (with the number of shares prior to the reduction
in issued and fully paid-up capital).
Trading of BFI Finance shares throughout 2025 involved a total of 2.66 billion shares, valued at Rp2.2 trillion.
As of the end of 2025, BFIN shares are included in the KOMPAS100 Index, reflecting the stock’s liquidity, market
capitalization, and the Company’s strong standing compared to other companies listed on the IDX.
18 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
PERFORMANCE OF BFI FINANCE SHARES (BFIN) AGAINST THE
COMPOSITE SHARE PRICE INDEX (IHSG) IN 2025
Trading of BFIN shares opened on 2 January 2025 with the price of Rp920 and closed on 30 December 2025 at Rp700
per share, corresponding to a decline of 23.9% within the year.
IHSG’s performance increased by 22.1% from 7,079.90 at the end of 2024 to 8,646.94.25 at the end of 2025. Indonesia’s
stock market capitalization amounted to Rp15,810 trillion, a 28.2% increase over the course of 2025.
CORPORATE ACTION
The Company distributed cash dividends amounting to a total of Rp60 (full amount) per share or equivalent to Rp902
billion from its 2024 net income. Interim cash dividends of Rp28 (full amount) per share amounting to Rp421 billion
were distributed to the shareholders of the Company on 19 December 2024. The remaining balance of Rp32 (full
amount) per share amounting to Rp481 billion was distributed on 11 June 2025.
The Company realized the share buyback program from 4 August to 31 October 2025. This corporate action involved
the buyback of 190 million shares at the average price of Rp775.3 per share, amounting to Rp147.3 billion.
On 22 July 2025, the IDX approved the proposal from the Company to delist its 927,732,000 treasury shares obtained
from the share buyback program as mentioned above. As a result, the total shares outstanding were reduced from
15,967,115,620 shares to 15,039,383,620 shares, effective from 30 July 2025.
Apart from the above, in 2025 the Company did not conduct any other corporate actions that affected the trading of
its shares on the stock exchange.
SUSPENSION AND/OR DELISTING
The trading of BFIN shares was never suspended in 2025.
BONDS HIGHLIGHTS
The Company’s securities issued during the period 2021–2025 and listed on IDX are as follows:
Table 4 | Bonds Highlights
Total
No Bonds Year
(Rp billion)
1 Obligasi Berkelanjutan V BFI Finance Indonesia Tahap I 2021 600
2 Obligasi Berkelanjutan V BFI Finance Indonesia Tahap II 2021 1,000
3 Obligasi Berkelanjutan V BFI Finance Indonesia Tahap III 2023 1,100
4 Obligasi Berkelanjutan V BFI Finance Indonesia Tahap IV 2023 1,600
5 Obligasi Berkelanjutan V BFI Finance Indonesia Tahap V 2023 1,100
6 Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap I 2024 600
7 Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap II 2025 1,000
All of the above securities are rated ‘AA-(idn)’ by Fitch Ratings.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 19
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
IMPORTANT EVENTS IN 2025
JANUARY
9
National Kick–off Meeting 2025 themed “Elevating
the Baseline”, held virtually from BFI Tower,
Tangerang Selatan, Banten
30
BFI Finance EGMS 2025, held in a hybrid format at
BFI Tower, Tangerang Selatan, Banten
FEBRUARY
10–14
Ramadan program “NgabubuRide with BFI Finance”,
with the distribution of iftar snacks (takjil) across 65
cities
19
“Fit & Fun Day with BFI Finance” event, held to
promote community well-being through a healthy
lifestyle while introducing BFI Finance financing
product, in Jakarta
20 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
MARCH
6–24
“Ramadan Gift (THR) Giveaway” program held across
all BFI Finance branches, featuring lucky draws for
groceries and souvenirs for loyal customers
18
Financial Literacy event titled “Study and Talk on
Sharia Finance (KOLAK)” organized for business
owners in Cisauk, Tangerang Regency, Banten
APRIL
9
BFI Finance’s 43rd Anniversary celebration, held both
in–person and virtually from BFI Tower, Tangerang
Selatan, Banten, joined by head office and regional
branch employees
13
“Road to BFI RUN 2025” at the Jakarta Car Free Day
(CFD) zone
27
“Fit & Fun Day with BFI Finance” event held in
Surabaya, East Java
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Highlights and Analysis
28
Financial Literacy mentoring for 10 selected business
owners in Cisauk, Tangerang Regency, as a follow-up
to the previous financial literacy event
MAY
7
BFI RUN 2025 Press Conference held at Parle Senayan
Park, Jakarta Selatan
8
BFI Finance AGMS and EGMS 2025, held in a hybrid
format at BFI Tower, Tangerang Selatan, Banten
18
BFI RUN 2025, attracting 8,500 participants across
the Half Marathon (HM), 10K, and 5K categories
JUNE
15
“Fit & Fun Day with BFI Finance” event held in
Semarang, Central Java
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25
Leadership development sharing session themed
“Four Generations, One Heart” held at BFI Tower
JULY
9
“Social Media Utilization to Boost Business” training
for Suradita MSME at BFI Tower, as part of the
initiative to support the National Movement of
Financial Inclusion (GENCARKAN)
9–12
Participation in Surabaya Printing Expo, held at
Grand City Surabaya, East Java
AUGUST
7–9
BFI Finance Fair #BFINgangkatUsahaLokal 2025 to
expand MSME capacity, featuring creative training,
a local product bazaar, various competitions,
collection of used cooking oil, sports activities, and
entertainment at Tangcity Mall, Tangerang City,
Banten
22
Media Gathering in Palu, Central Sulawesi, to
strengthen synergy with local media and provide
education regarding the rights and obligations of
multifinance consumers, in collaboration with OJK
Central Sulawesi Province
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Highlights and Analysis
23
BFI RIDE 2025, joined by hundreds of participants
from various communities in Tangerang Selatan,
Banten, as part of the Republic of Indonesia’s
Independence Day celebrations
24
“Fit & Fun Day with BFI Finance” event held in Palu,
Central Sulawesi
SEPTEMBER
1–26
“Servtember with You” program, providing
appreciation and special treatment to selected
customers for National Customer Day, through
activities such as free change of engine lubricants,
salon treatments, and other engaging activities
12
Financial Literacy event titled “Financially Smart
Fishermen”, attended by fishermen and business
owners in Kupang, East Nusa Tenggara, as part of the
initiative to support GENCARKAN
15
BFI Finance EGMS 2025, held in a hybrid format at
BFI Tower, Tangerang Selatan, Banten
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OCTOBER
4–5
Participation in Financial Expo (FinExpo) organized
by OJK for Financial Inclusion Month (BIK), held at
the Atrium of Trans Studio Mall, Makassar, South
Sulawesi
8–11
Participation in ALLPRINT Indonesia 2025 exhibition
at JIExpo Kemayoran, Jakarta
10–12
Participation in APPI Multifinance Day 2025 at
Manado Town Square, Manado, North Sulawesi
15
Educational CSR activity “The 1000 School Shoes and
Bags Movement for Indonesian Children”, where
shoes, socks, school bags, and general knowledge
books were distributed to support student literacy at
five elementary schools in Lampung Province
23–26
Participation in Financial Expo (FinExpo) organized
by OJK for BIK, held at Tunjungan Plaza Surabaya,
East Java
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Highlights and Analysis
24
Showroom Gathering attended by dozens of
showroom partners from Semarang (Central Java)
and surrounding areas as a form of appreciation for
high–achieving partners and dissemination of the
Company’s latest programs
24
Financial Literacy mentoring for 50 selected business
owners in Kupang, East Nusa Tenggara, as a follow-
up to the previous financial literacy event
NOVEMBER
11
Planting of mangrove seedlings by employees
and fishermen collectives at Kelan Beach, Badung
Regency, Bali
29
Launch of UCOllect Box at SDN Sukasari 4,
Tangerang City, Banten, as part of the “BFI Jelantah
Hijau” environmental conservation program in
collaboration with Noovoleum
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DECEMBER
12
Mangrove seedling planting program by employees
and fishermen groups at Pangpang Bay,
Banyuwangi, East Java
13
“Dream Car Celebration (Gebyar Mobil Impian/
GEMILANG)” program for customers purchasing cars
at the BG Junction Surabaya Car Market, East Java
18
“2026 Economic and Market Outlook: Opportunities,
Challenges, and Strategies for Growth” seminar,
attended by MSME owners, held at BFI Tower,
Tangerang Selatan, Banten
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AWARDS AND RECOGNITION
14th Infobank Digital Brand Awards 2025 Bisnis Indonesia Awards (BIA) 2025
Infobank Magazine and Isentia Bisnis Indonesia
20 March 2025, in Jakarta 30 June 2025, in Jakarta
The 3rd Best Multifinance with Asset
Category: “Consumer Finance Services”
Above Rp10 Trillion
21st Infobank Multifinance Awards 2025 Bisnis Indonesia Financial Awards (BIFA) 2025
Infobank Magazine Bisnis Indonesia
1 August 2025, in Jakarta 17 September 2025, in Jakarta
■ The Best Performance Multifinance in
Asset Class Above Rp10 Trillion
■ The Excellent Performance Multifinance
“The Best Performance Multifinance” in the
Company (Asset Class Above Rp10 Trillion)
■ Multifinance Company with Consistent Publicly Listed Multifinance category
Excellent Performance for 20 Consecutive
Years (2005–2024)
Satya JKN Awards 2025 APPI Member Meeting and Appreciation 2025
Indonesian Financial Services
Healthcare BPJS
Association (APPI)
15 October 2025, in Jakarta
3 December 2025, in Jakarta
“Best National Company” in the Private
Award–winning Company for the Customer
Enterprise category
Story “Progress Through Financing”
(5,000 to 9,999 employees)
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2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 29
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Reports to
Stakeholders
30 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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REPORT OF
THE BOARD OF COMMISSIONERS
Francis Lay Sioe Ho
President Commissioner
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Esteemed stakeholders,
It is an honor for me on behalf of the Board of The BOC commends management’s discipline in
Commissioners to present a report of our supervisory grounding decisions in data and facts. Throughout the
duties throughout 2025. Shouldering the role of President year, the BOD relied on granular regional mapping
Commissioner after more than four decades directing the capabilities, which we continued to enhance. This tool
Company, I am delighted to have seen how BFI Finance, allowed closer tracking of customer behavior alongside
under new leadership, continued to grow from strength potential issues and upsides, helping the Company
to strength even as the multifinance industry grew by strengthen risk-based pricing to safeguard portfolio
only 0.61% in 2025. quality amid generally higher delinquency. The BOD
demonstrated cohesion in their coordinated response
In 2025, the Company faced a business milieu largely to credit costs that climbed industry-wide, and to the
shaped by unpredictability in US policymaking persistent difficulty in asset recovery across multiple
and massive tariff war which affected international regions. Reflective of this difficult environment was our
trade activities, as Indonesia transitioned to a new net profit growth of 1.0% that stood in contrast to double-
administration. At times, these forces produced what digit new booking growth in 2025.
could be likened to a white squall: sudden, sharp, and
disorienting. Policies and priorities had to be recalibrated. Furthermore, we acknowledge management’s
As a result, global trade softened, supply chains shifted determination to advance BFI Finance’s new operating
unevenly, and domestic consumption moderated. model against the constraints from highly unfavorable
Despite Indonesia’s GDP growth of 5.11%, businesses market conditions. The key measures taken by the
across industries found themselves lacking traction. The BOD ranged from significant investment in digital and
country’s middle class shrank, their purchasing power analytical capability, selective recruitment of specialized
eroded. talent, to ongoing people development targeting both
mindset and skillset. Such organizational initiatives were
complemented by a prudent take on liquidity and capital
OVERSIGHT AND EVALUATION management. Closing the year, the Company gearing
OF THE BOD PERFORMANCE ratio remained healthy at 1.3x, far below regulatory limit
as well as industry average.
Throughout 2025, the BOC observed the BOD navigate a
year marked more by constraint than opportunity. Sales The BOC highly values the BOD’s decision with respect
weakened across sectors, cost of credit increased, and to the corporate actions taken in 2025. In a period of
repossession became increasingly challenging. Beset weakened market sentiment, when valuations drifted
with such headwinds, instead of pushing aggressively away from fundamentals, carrying out a share buyback
into open waters, management chose to respond and setting strong interim dividends gave the market
differently. BFI Finance cultivated steadier channels clear signals of conviction. With these moves, the BOD
geared to preserve asset quality, attended to changes asserted BFI Finance’s financial fortitude and upheld
affecting customers and communities, and carried on long-term shareholder value, not allowing short-
with its company-wide transformation, even when the term volatility to dictate the narrative. This shows how
tide offered little lift. management honors the confidence shareholders place
in the Company’s intrinsic worth.
The Company’s achievements in 2025 thus become all the
more meaningful, in the BOC’s view. We remained ahead
of the industry not through acceleration, which the year
could not support, but through clarity, composure, and
consistency.
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
We therefore conclude that the BOD acted with
competence, integrity, and sound judgment. As we
CHANGES TO BOC COMPOSITION
welcome 2026, the strategy has enabled BFI Finance
Following the 30 January 2025 EGMS, I took over the
to preserve stability, prepare for entry into new market
role of President Commissioner from my colleague,
segments with meticulously crafted products, and
Kusmayanto Kadiman, who was subsequently appointed
position itself for renewed momentum when external
as Commissioner at the 15 September 2025 EGMS. At
conditions improve.
the latter EGMS, the shareholders also accepted the
resignation of Sunata Tjiterosampurno as Commissioner,
GOOD CORPORATE for whose contribution throughout the past decade
we remain thankful. Given these changes, the BOC
GOVERNANCE PERFORMANCE now comprises five members: myself as President
Commissioner; Kusmayanto Kadiman and Saurabh
BFI Finance’s good corporate governance practices
Narayan Agarwal as Commissioners; and Johanes
served as a stabilizing force against the shifting currents
Sutrisno and Alfonso Napitupulu as Independent
of 2025. Heightened external pressures called for
Commissioners.
vigilance in credit oversight and portfolio management,
accompanied by strict adherence to our risk culture. In
this regard, the BOD upheld all governance standards VIEW ON 2026 PLANS AND
and ensured that operational decisions were attuned to
the Company’s broader responsibilities to stakeholders.
PROSPECTS
For 2026, the BOC supports the BOD’s strategy to
The Company also bolstered its governance architecture
grow beyond the newly established baseline through
further in 2025. The introduction of new chiefs in charge
disciplined execution as the Company readies itself for
of managing risk and harnessing technology sharpened
exploring uncharted waters. While external conditions
the organizational focus on two areas essential to BFI
remain uneven, the groundwork laid in 2025—robust
Finance’s success in holding its course amid uncertainty.
risk management, end-to-end digital transformation,
Placing regulatory compliance as a priority, the BOD
and a more powerful operating model—has equipped
is striving for tighter alignment between operational
BFI Finance to act with agility when the market recovers.
execution and risk appetite, and stands ready to meet
Fully informed of management’s business plans and
regulatory expectations through timely follow-up on
the current dynamics in the broader economy, we are
supervisory findings. Lending support to the BOC in
confident that BFI Finance will be able to capture the
providing supervision and advice vis-à-vis the BOD,
upswing while staying resilient throughout.
the Audit, Risk Oversight, as well as Nomination and
Remuneration Committees continued to deliver a
commendable performance.
We believe that BFI Finance’s distinction in governance
was behind the accolades given to the Company in
2025. These include ‘The Best Performance Multifinance
Company (Asset Category Above Rp10 Trillion)’, ‘The
Excellent Performance Multifinance Company (Asset
Category Above Rp10 Trillion)’, and the ‘Multifinance
Company with Consistent Excellent Performance for 20
Consecutive Years (2005–2024)’ from Infobank, as well as
an award in the Consumer Financing Services Category
from Bisnis Indonesia.
34 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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ACKNOWLEDGMENTS On behalf of the Board of Commissioners of PT BFI
Finance Indonesia Tbk,
The BOC extends appreciation to management,
shareholders, business partners, regulators, customers,
and all stakeholders for their trust and support in 2025.
We would also like to highlight the dedication and hard
work of all employees in surmounting adversity. As we
conclude our report, we look ahead with hope and look Francis Lay Sioe Ho
forward to working closely with all stakeholders to secure President Commissioner
a future where we progress and prosper together.
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Highlights and Analysis
REPORT OF
THE BOARD OF DIRECTORS
Sutadi
President Director
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Dear shareholders and stakeholders,
Global dynamics and domestic uncertainties in 2025 gave
rise to a tug-of-war between growth-promotive initiatives
BOD’S STRATEGY FORMULATION
and policy measures that inadvertently dampened AND EXECUTION
momentum. Around the globe, governments’ attempts
to stimulate activity were undermined by the policies Throughout 2025, with purchasing power weakening and
and actions taken by major economic powers. The Fed applicants’ risk profiles deteriorating industry-wide, the
Funds Rate was cut three times to settle at 3.5 – 3.6% BOD recalibrated BFI Finance’s underwriting standards
by year-end, yet tariffs and trade restrictions prevented and reprioritized product segments in which customer
global growth from realizing its full potential. China’s repayment behavior fell within acceptable levels. This
decelerating economy further weighed on regional required tighter, more selective financing approvals and
demand, dampening export-linked activity across Asia. firmer pricing measures, even at the cost of moderating
volume in certain products.
With the central bank’s aggressive lowering of the BI
Rate and the new administration’s bold fiscal measures Domestic market competition intensified beyond our
to stimulate bank lending, Indonesia’s growth steadied initial expectations, particularly in four-wheel financing,
at 5.1% year-on-year (yoy) in 2025. This growth, however, a mainstay in our business. This segment still posted a
lacked depth. Purchasing power contracted under modest growth of 8.7%, while redirecting capacity toward
pressure. The middle mass-market segment shrank, with areas believed to show healthier fundamentals. Used-
car sales dropping by 7.2% from its 2024 figure, continuing car financing, motorcycles financing through digital
the downward slide to three consecutive years. Consumer partnerships, and machinery financing became the core
appetite for big-ticket financing declined. of our new booking engine in 2025. These segments’
strong gains lifted our new bookings performance far
Reflecting these trends was the multifinance industry’s above the industry average.
receivables growth of only 0.6% yoy, with the bulk of
expansion driven by working capital financing. Industry- We also came up with innovations that supported our
wide NPF edged up to 2.5% gross and gearing ratios diversification strategy. The introduction of Showroom
hovered at 2.2x. Overall liquidity in the market remained Stock Financing early in 2025 was met with promising
stable nonetheless, even as competition tightened with uptake. We fostered closer relationships with used-car
the lower interest rate situation following the adjustment dealers in cities traditionally seen as key automotive
of the BI Rate. markets by providing working capital to dealers. We
gained deeper access to their ecosystems and boosted
We the Board of Directors (BOD) viewed that, in this our ability to source higher-quality assets. We further
environment, careful risk calibration, capital preservation, developed our direct-to-customer engine, and piloted
and sharpening of operational focus had to remain several products, including revolving loans and standby
paramount. With market growth uneven, delinquency credit lines for repeat borrowers. We expect more
rising, and competition intensifying across segments, the meaningful contribution from these avenues in the
decisions we took in 2025 followed one guiding principle: coming years.
pursuing growth without compromising quality.
To diversify our acquisition channels in 2025, we
deepened digital partnerships as our processes and
customer journeys became better aligned with our
ecosystem partners. This collaboration-oriented model
now allows customers to be engaged as they prefer:
fully digitally, through assisted channels, or in person.
This offers our customers seamless access and service
consistency across touch points.
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2025 Performance Management Discussion
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Highlights and Analysis
FINANCIAL PERFORMANCE business development, ensured rigorous evaluation of
our initiatives and controls. Furthermore, BFI Finance
maintained transparent and timely communication with
BFI Finance delivered solid topline expansion despite
regulators, responded promptly to supervisory findings,
2025’s flattish market. Total New Financing reached
and upheld strict compliance standards.
Rp21.9 trillion, 9.3% higher than in 2024 and in line with
our 2025 target. Managed Receivables reached Rp26.3
trillion, growing by 8.9% yoy—outpacing industry growth BUILDING ON AN ELEVATED
by a factor of 15—with 37.8% of that disbursed to provide
uplift to MSMEs, the backbone of Indonesia’s economy. BASELINE
During 2024–2025, two parallel transformations
Protecting the portfolio remained central to our
converged, reshaping how BFI Finance operates.
operations. Despite rising credit costs across sectors and
The first was a generational transition of leadership.
diminishing creditworthiness, BFI Finance kept NPF at
Through a series of shareholders’ meetings in 2025, the
approximately 1.39% gross and 0.22% net at the close of
BOD composition was refreshed with the departure
2025—well below industry averages and supported by
of Francis Lay Sioe Ho from his role as President
prudent provisioning. In line with that, our Total Assets
Director—transitioning to President Commissioner—
increased by 1.4% to Rp25.5 trillion at year-end.
and the resignation of Andrew Adiwijanto, then by the
appointments of Tan Rudy Eddywidjaja and Iwan as new
Even so, the conditions of 2025 weighed on profitability.
Directors. Later in the year, Sunata Tjiterosampoerno also
Elevated credit costs absorbed much of the benefit from
departed from his role as Commissioner.
portfolio expansion, causing Profit for the Year to grow
by only 1.0% despite a 6.5% higher Total Income of Rp6.7
Representing the BOD, I am grateful for the dedication of
trillion. Yet, the resilience of our core business was evident
my longtime colleague, Andrew Adiwijanto, throughout
in the solidity of our key return metrics, with ROA of 7.9%
his time as Director of the Company, and we wish him
and ROE of 14.8% as at year-end.
the best for his future endeavors. And as I take the baton
from my predecessor, I wish to acknowledge his four
The reaffirmed ‘AA-(idn)’ National Long-Term Rating
decades of stewardship that laid the groundwork for
from Fitch Ratings anchored lender confidence, allowing
the Company’s next chapter. His legacy has catalyzed
us to tap into diversified funding at competitive rates.
the second transformation: a structural reengineering
Our bank partners increased their exposures to us, with
of our business. We have moved decisively away from
several new banks offering funding facilities of up to
manual, legacy-driven processes toward a more digital
Rp2.5 trillion—a sign of how they valued our consistent
and data-governed operating model. This is a necessary
asset quality, disciplined risk management, and long
transformation, driven by the need for faster, more
track record as an independent financial institution.
informed decisions in the increasingly complex day-to-
This strong funding base kept our gearing ratio at 1.3x—
day operations.
comfortably below regulatory thresholds and industry
average.
Advances in automation, analytics, and technology
platforms over the years have elevated our capabilities,
As we met all financial obligations to our bondholders
which we reinforced with targeted recruitment in digital,
punctually, our ability to deliver value to shareholders
data, and risk. Enriched training programs equipped our
expanded. The interim dividends declared in 2025 of Rp35
people with a new mindset and ways of working.
per share—a five-year high—reflected management’s
aspiration to reward loyal shareholders who have shown
conviction in our long-term fundamentals, despite the
soft economic cycle.
CORPORATE GOVERNANCE
Our governance framework in 2025 featured
heightened risk vigilance across all business lines. The
BOD emphasized alignment between strategy and
execution within the chosen risk appetite, so that our
decision-making adhered to the control environment.
Oversight by the BOD Committees covering risk
management, information technology, and sharia
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Enhanced risk mapping, precise pricing, and underwriting We conclude this report with confidence in BFI Finance’s
consistency have become indispensable tools in prospects for 2026, and with heartfelt appreciation for our
confronting market delinquency and deterioration in employees, business partners, shareholders, customers,
application quality. These elements are making our and regulators. Guided by their trust and support, we
operating model more adaptive, responsive, and scalable are building BFI Finance upon this elevated baseline,
as we prepare for 2026. For this year, we aim a 12% rise in committed to progressing with purpose.
New Booking to Rp24.7 trillion, which will expand Total
Net Receivables by 4% and Profit for the Year by 2%.
On behalf of the Board of Directors of PT BFI Finance
Indonesia Tbk,
Sutadi
President Director
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2025 Performance Management Discussion
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Highlights and Analysis
STATEMENT OF THE BOARD OF COMMISSIONERS
ON THE RESPONSIBILITY FOR
THE 2025 INTEGRATED ANNUAL REPORT OF
PT BFI FINANCE INDONESIA Tbk
We, the undersigned, testify that all information contained in the 2025 Integrated Annual Report of PT BFI Finance
Indonesia Tbk has been presented completely and we are fully responsible for the accuracy of the contents of
the Company’s Integrated Annual Report.
This statement is hereby made in all truthfulness.
Tangerang Selatan, 15 April 2026
BOARD OF COMMISSIONERS
Francis Lay Sioe Ho
President Commissioner
Kusmayanto Kadiman Saurabh Narayan Agarwal
Commissioner Commissioner
Johanes Sutrisno Alfonso Napitupulu
Independent Commissioner Independent Commissioner
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STATEMENT OF THE BOARD OF DIRECTORS
ON THE RESPONSIBILITY FOR
THE 2025 INTEGRATED ANNUAL REPORT OF
PT BFI FINANCE INDONESIA Tbk
We, the undersigned, testify that all information contained in the 2025 Integrated Annual Report of PT BFI Finance
Indonesia Tbk has been presented completely and we are fully responsible for the accuracy of the contents of
the Company’s Integrated Annual Report.
This statement is hereby made in all truthfulness.
Tangerang Selatan, 15 April 2026
BOARD OF DIRECTORS
Sutadi
President Director
Sudjono Goklas
Finance Director Transformation Director
Tan Rudy Eddywidjaja Iwan
Business Director Asset Management Director
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 41
Page 42
Company
Profile
42 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Highlights and Analysis
GENERAL COMPANY
INFORMATION
Company Name Legal Basis of Establishment Date of Share Registration
16 May 1990
PT BFI Finance Indonesia Tbk The Company was established
(abbreviated as BFI Finance) based on Deed No. 57 made
before Kartini Muljadi, S.H.,
Notary in Jakarta. The deed of
Ticker Symbol
establishment was approved by
the Minister of Justice (now the
Domicile Ministry of Law) of the Republic BFIN
of Indonesia through Decree No.
C2-2091-HT.01.01.TH.82 dated 28
October 1982 and published on
Tangerang Selatan, the RI State Gazette No. 102 dated Authorized Capital
Banten Province, Indonesia 21 December 1982, Supplement
No. 1390.
Rp500 billion
Established Stock Market Issued and Fully Paid-up Capital
BFI Finance shares are listed and
7 April 1982 Rp376.0 billion
traded on the IDX
Share Ownership
Trinugraha Capital & Co SCA
Others (each below 5%)
51.12
% 48.88
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Memberships in Associations
Social Media Head Office
and Other Institutions
BFI Tower, Sunburst CBD Lot 1.2
Indonesian Financial BFI Finance
Jl. Kapt. Soebijanto Djojohadikusumo
Services Association
BSD City – Tangerang Selatan 15322
(APPI)
@BFIFinance Indonesia
Indonesian Public
@bfifinance (62-21) 2965 0300
Listed Companies
Association (AEI)
PT BFI Finance Indonesia Tbk
Indonesian Employers’
Association (APINDO)
BFI Finance Official Business Scale
As at 31 December 2025, the
Financial Services
@BFIFinanceOfficial Company’s business scale is as follows:
Sector Alternative
Dispute Resolution
Institution (LAPS SJK) Total Assets
PT Rapi Utama Rp25 trillion
Indonesia (RAPINDO) Main Business Activities
Total Liabilities
■ Investment Financing
Rp15 trillion
Corporate Secretary ■ Working Capital Financing
■ Multipurpose Financing
■ Sharia Financing Total Net Financing
corsec@bfi.co.id Receivables
Rp22 trillion
Investor Relations Market Share in
Total Outlets the Indonesian
Multifinance Industry
investor@bfi.co.id
4.4%
349, comprising 191 conventional
branches, 45 sharia representative
Website branches sharing premises with the
conventional branches, and 113 point
of sales (POS) Significant Changes in 2025
www.bfi.co.id
In 2025 there were no significant
Call Center Total Employees changes to the Company’s line of
business, scope of operations, or
supply chains.
1500018 10,540 employees
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
COMPANY VISION AND MISSION
VISION
To become a trusted partner in financial solutions that contributes to the enhancement
of people’s standard of living
MISSION
■ To provide reliable and effective financial solutions to our customers
■ To deliver superior return-on-investment and sustain our reputation as a trusted
public company
■ To provide an ecosystem that nurtures future leaders of the organization
■ To build long-term collaboration with business partners, based on mutual trust and
benefit
■ To contribute positively to the society
The Company’s Vision and Mission have been reviewed comprehensively to keep them
up to date with the Company’s dynamic business development. The Company’s BOC
and BOD have approved this Vision and Mission to be the Company’s objective of its
business activities.
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SUSTAINABILITY
VISION AND
MISSION
SUSTAINABLE FINANCE VISION
To become a multifinance company that is always at the
forefront of the non-bank financial industry by upholding
its commitment to becoming a trusted partner in the
public’s financial solutions, paying attention to the
balance of achieving economic, social, and environmental
sustainability, to support sustainable development
of the nation and improve the living standards of the
community wherever the Company operates
SUSTAINABLE FINANCE MISSION
Capable of carrying out business activities in a sustainable
manner, supporting the development of entrepreneurs
in the low- to middle-income groups to boost the local
economy and social welfare by always paying attention
to environmental impacts
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BRIEF COMPANY HISTORY
After overcoming the 1997 Asian financial crisis, the
ESTABLISHMENT Company successfully restructured its debts in 2001 and
changed its name to PT BFI Finance Indonesia Tbk, under
BFI Finance is one of the pioneers in the financing sector
the Notarial Deed No. 116 made before Aulia Taufani, S.H.,
in Indonesia. Initially established as PT Manufacturers
previously Sutjipto, S.H., a Notary in Jakarta, dated 27
Hanover Leasing Indonesia, a joint venture with
June 2001, that was approved by the RI Minister of Law
Manufacturers Hanover Leasing Corporation from the
and Human Rights by virtue of its Decree No. C-03668.
United States, the Company was established on 7 April
HT.01.04.TH.2001 dated 24 July 2001 and published on the
1982 under the Notarial Deed No. 57 made before Kartini
RI State Gazette No. 35 dated 30 April 2002, Supplement
Muljadi, S.H., a Notary in Jakarta, and approved by the
No. 4195.
RI Minister of Justice by virtue of its Decree No. C2-2091-
HT.01.01.TH.82 dated 28 October 1982, and published on
On 20 February 2006, the RI Minister of Finance amended
the RI State Gazette No. 102 dated 21 December 1982,
the Company’s business license through the Decree
Supplement No. 1390. Manufacturers Hanover Leasing
No. KEP-038/KM.5/2006 to amend the business license
Corporation’s shareholding in the Company was 70%,
previously granted to PT Bunas Finance Indonesia Tbk to
with the rest owned by Indonesian nationals.
the date of the approval of the Company’s name change
to PT BFI Finance Indonesia Tbk under the Decree of
The Company was granted the finance institution
the RI Minister of Law and Human Rights No. C-03668.
business license as a leasing company from the RI
HT.01.04. TH.2001 dated 24 July 2001.
Minister of Finance under the Decree No. KEP-038/
KM.11/1982 dated 12 August 1982.
The Company’s articles of association have been amended
several times. The latest amendment was made under
In 1986, PT Bank Umum Nasional and Essompark Ltd.,
the Deed of Statement of Meeting Resolution on the
Hong Kong, took over Manufacturers Hanover Leasing
Amendment to the Articles of Association No. 19 dated 29
Corporation’s ownership of the Company, and later
June 2022, made before Shanti Indah Lestari, S.H., M.Kn.,
changed the Company name to PT Bunas Intitama
Notary in Tangerang Regency, on the approval of the
Leasing Indonesia, under the deed made before Inge
amendments to Articles 3 and 15 of the Company’s Articles
Hendarmin, S.H., a Notary in Jakarta, dated 17 September
of Association, which have been received and registered
1986, and approved by the RI Minister of Justice by virtue
in the database of the Legal Entities Administration
of its Decree No. C2-6977.HT.01.04.TH.86 dated 7 October
System (SABH in Indonesian abbreviation) of the RI
1986, and published on the RI State Gazette No. 94 dated
Ministry of Law and Human Rights by virtue of its Letter
25 November 1986, Supplement No. 1451.
No. AHU-0052483.AH.01.02.Tahun 2022 and the Letter of
Acceptance of Notification of Amendment to the Articles
DEVELOPMENT of Association No. AHU-AH.01.03-0271122 dated 27 July
2022. The amendment was announced on the RI State
In 1990, the Company became one of the first Gazette No. 74 dated 16 September 2022, Supplement
multifinance companies to list its shares at the Jakarta No. 31534.
Stock Exchange and Surabaya Stock Exchange (both
now known as IDX), with the ticker symbol of BFIN.
The name and status of the Company were adjusted
to PT Bunas Finance Indonesia Tbk. The Company also
altered its operating license to a multifinance company,
pursuant to the Decree of the RI Minister of Finance No.
493/KMK.013/1990 dated 23 April 1990.
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BFI FINANCE TODAY Details of the Company’s awards and accolades in 2025
are presented in the Awards and Recognition section in
the 2025 Performance Highlights chapter (page 28).
BFI Finance is now among the top multifinance
companies in Indonesia, known for having the widest
As at 31 December 2025, Trinugraha Capital & Co SCA was
coverage and product range, employing 10.540 personnel
the controlling shareholder of BFI Finance, with a 51.12%
in 349 outlets across 35 provinces.
stake.
BFI Finance has demonstrated continuous growth,
Since 2013, the Company’s Head Office has been located
as made evident by the numerous awards it has won
in BFI Tower, Sunburst CBD Lot 1.2, Jl. Kapt. Soebijanto
for its business and financial performance, among
Djojohadikusomo, BSD City, Tangerang Selatan 15322,
others, retaining the title of “Multifinance Company
Banten Province.
with Excellent Financial Performance” from InfoBank
magazine for twenty consecutive years (2005–2024), an
achievement for which it received the Infobank Titanium
Trophy 2025. This high-profile trophy is testament to
the Company’s sterling performance for six consecutive
years.
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MILESTONES
2007
■ Conducted an initial bond
offering for Obligasi BFI
Finance Indonesia Tahun
2007 With Fixed Interest Rate
■ Obtained a rating of ‘Baa1(id)’
1994 from Moody’s Investors
Service
1982 Conducted Limited Public
Offering I (Rights Issue I) for
■ The Company was founded 28,829,558 shares
under the name of
PT Manufacturers Hanover
Leasing Indonesia
■ Obtained a finance
institution business license
(leasing)
2001
■ Completed financial
restructuring, resulting
in a change of majority
shareholder
1990 ■ The Company changed
its name to PT BFI Finance
Indonesia Tbk
■ Obtained a multifinance
business license, which was
renewed in 1990
■ Conducted an Initial Public
Offering on the Jakarta Stock 2011
Exchange and the Surabaya
Stock Exchange (now Indonesia
Stock Exchange/IDX) with ticker ■ Trinugraha Capital & Co
symbol of BFIN SCA became a controlling
■ The Company’s status and shareholder with a 44.95%
name was changed to PT Bunas stake
Finance Indonesia Tbk ■ Obtained a rating of ‘A(idn)’
from Fitch Ratings
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2018 2024 2025
■ The Company obtained the ■ Acceleration of business process ■ Launched the offline POS (Point
license from OJK to run the and services encompassing of Sales) financing service, which
Sharia Business Unit partnerships and collaborations provides greater accessibility to
■ Launched two initial sharia with various entities as part of a the public, in the Greater Jakarta,
financing products, i.e., for digital ecosystem West Java, and Central Java
umrah and halal travel ■ A richer range of financing ■ Execution of share buyback
■ FIT was registered on the OJK products offered to the market, program as a strategic measure
and commenced operations including pre-owned home to ensure share price stability
officially via Pinjam Modal ownership loan in Greater amid capital market volatility
platform Jakarta area through partnership
with a leading property sales
website
■ Launched BFI Mobile, which
provides easy access of financing
services to customers via digital
application
2017
Established PT Finansial
Integrasi Teknologi (FIT),
a subsidiary engaged in IT-
based money borrowing and
lending services based on the
peer-to-peer (P2P) lending
concept
2022
■ Trinugraha Capital & Co SCA
(TCC) conducted a Voluntary
2020 Tender Offer of the Company
shares
■ Together with Garibaldi (Boy)
FIT obtained a Business License
Thohir, Jerry Ng became
from OJK as the provider of
the Company’s controlling
IT-based lending and borrowing
shareholder
services
■ Transfer of 75 million treasury
shares of the Company
to eligible management
personnel and employees via
MESOP
2016
Obtained the ‘AA-(idn)’ rating
with Outlook Stable from
Fitch Ratings from previously
2015 ‘A+(idn)’ with Outlook Positive
Conducted stock buyback
program to improve the
Company’s capital management
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CORE VALUES AND
CORPORATE CULTURE
GROW AND IMPROVE
ABSOLUTE INTEGRITY
CONTINUOUSLY
Definition: Continuing to improve oneself as a Definition: Maintaining integrity in every action to
contribution to the Company maintain professional reputation of oneself and the
Company
This value is adapted into three main behaviors, namely:
1. Studious This value is adapted into three main behaviors, namely:
2. Innovative 1. Honest
3. Proactive 2. Consistent
3. Compliant
RESPECT AND CARE TRUST AND TEAM SPIRIT
Definition: Cultivating mutual respect and care to
maintain a positive work environment Definition: Maintaining a spirit of cooperation and
mutual trust to achieve mutual goals
This value is adapted into three main behaviors, namely:
1. Respect This value is adapted into three main behaviors, namely:
2. Positive Solutions 1. Communicative
3. Caring 2. Cooperative
3. Synergistic
The Core Values underlying the Corporate Culture have
EXCELLENT SERVICE been reviewed comprehensively to keep them up to date
with the Company’s dynamic business development.
The Company’s BOC and BOD have approved the Core
Definition: Giving the best service to ensure internal Values and Corporate Culture to be the key guidelines for
and external customers’ satisfaction all employees in achieving the Company’s objectives of
its business activities.
This value is adapted into three main behaviors, namely:
1. Positive Attitude
2. Responsive
3. Professional
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CORPORATE IDENTITY
Logogram
Company Name
Logotype
The logo of BFI Finance has been designed to reflect the Company’s identity and values. The logo comprises three
main elements, namely logogram, logotype, and company name. In their usage for all kinds of purposes, the logogram
and the logotype are inseparable. The various configurations of placement of the logogram, logotype, and company
name, along with the color palettes that are allowed, are detailed in a Corporate Brand Guidelines document in BFI
Finance, titled “Brand Visual Identity”.
LINE OF BUSINESS
BUSINESS ACTIVITIES
In accordance with POJK No. 35/POJK.05/2018 on Business Operations of Finance Companies (POJK 35/2018), the
Company’s scope of business covers the following:
■ Investment Financing;
■ Working Capital Financing;
■ Multipurpose Financing; and
■ Other financing activities approved by OJK.
The scope of business of each of the above is carried out through these means:
■ Finance Lease;
■ Sale and Leaseback;
■ Installment Financing;
■ Working Capital Facility;
■ Funding Facility;
■ Factoring (with recourse);
■ Financing of projects, infrastructure, and others.
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Currently, the Company is engaged in the following 3. Property-Backed Financing
business activities: Property-Backed Financing (PBF) is a financing
1. In conventional financing, the Company provides solution secured by property assets, such as house or
flexible financing methods to support various shophouse certificates. This product was introduced
business activities, as follows: in 2013 and further developed in 2017 to meet market
■ Investment Financing includes means of demands. It is designed for middle-income earners
financing such as Finance Lease, Sale and with fixed salaries, as well as entrepreneurs in the
Leaseback, and Consumer Financing productive sector, including direct consumers (home
■ Working Capital Financing includes Sale and or shophouse owners), repeat-order customers, and
Leaseback as well as Working Capital means of buyers through independent sales agents. Financing
financing tenure is up to seven years with a fixed interest rate.
■ Multipurpose Financing includes Installment Since 2024, the Company has established a strategic
Financing and Funding Facilities means of partnership with a leading e-commerce platform to
financing provide homeownership financing for pre-owned
2. In sharia financing, the Company offers Murabahah houses in Greater Jakarta area. This partnership offers
for Sale and Purchase Financing activities, and a longer financing tenure of up to ten years with a
Ijarah and Al-Bai’ wa al-Isti’jar for Services Financing fixed interest rate, making homeownership more
activities. accessible to a broader range of customers.
BUSINESS SEGMENTS Finance Lease
In line with the division of business activities in which the Finance Lease business includes financial services aimed
Company is engaged, as explained above, the types of at individual and corporate customers who purchase
business activities the Company conducts, by segment, or engage in sale and leaseback of heavy equipment,
are as follows: machinery, motor vehicles, and other equipment, in new
or used condition. Customers of the Company’s Finance
Lease business generally come from the mining, trading,
Consumer Financing construction, services, agriculture, manufacturing,
transportation, infrastructure, and other sectors.
Consumer Financing includes the financing of new
and used cars purchased via dealers, financing via the
Company’s sales representatives (non-dealers) with used Sharia-based Consumer Financing
cars and used motorcycles as collateral, and financing
with property (house or shophouse certificate) as The Company commenced its sharia-based financing
collateral. business in 2018. Its Sharia Business Unit (SBU) has
received approval from OJK to conduct and market the
1. Financing of Cars via Dealers use of deeds from sharia-based financing, namely:
Cars financing via dealers has been BFI’s core 1. Ijarah contract for rental/service-based financing;
business for more than 25 years. This product, offered 2. Murabahah contract for goods-based financing,
in almost all branches, provides financing facilities for including motor vehicles; and
new and used cars purchased via dealer partners. The 3. Al-Bai’ wa al-Isti’jar contract, for multipurpose
financing term ranges from one to up to four years, financing or refinancing.
with a fixed interest rate.
2. Non-Dealer Financing of Cars and Motorcycles
Non-dealer financing was introduced in 2006 to
serve the financing needs of the customers (car
and motorcycle owners) directly, as well as existing
customers with repeat orders, new customers
referred by existing customers (Customer-Get-
Customer program), or through independent sales
agents and Telesales Call Centers (direct marketing
and sales). The Company’s target market is the low-
to-middle income segment.
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Out of the three sharia financing schemes, the Company FINANCING PRODUCT BY ASSET
focused only on marketing five products, namely:
1. My Ihram, for financing of Umrah pilgrimage; TYPE
2. My Hajat, for financing of various services, such as
Consumer Financing and Finance Lease business
house/shophouse contract services, home renovation,
segments cover the following product portfolio by asset
and consultancy;
type:
3. My Cars, for financing of used four-wheeled motorized
1. New cars;
vehicles;
2. Used cars;
4. My Faedah, for financing of various goods, such as
3. Used motorcycles;
construction material, household goods, and other
4. Heavy equipment, consisting of:
goods that are beneficial to society; and
■ Heavy equipment;
5. My B-Share, for multipurpose financing or refinancing,
■ Trucks and public transportation;
for productive and consumptive purposes, such as for
■ Machinery;
tuition, home renovation, and business development.
■ Other equipment; and
5. Property.
All the above sharia financing products are marketed via
the sharia representative branches across 45 locations
Further explanation on the Company’s product portfolio
in various regions in Indonesia, and via various digital
is presented in the Management Discussion and Analysis
channels.
chapter of this Integrated Annual Report pages 100–110.
Nita Sari Br. Harahap
Car Financing Consumer
Medan, North Sumatra
On 7 April 2022, I learned about BFI Finance through browsing on the internet, and I had experienced
excellent service. I needed a car for daily use and the financing process in BFI Finance went very
smoothly and professionally. Overall, I am satisfied and hope this quality of service can be maintained.
Hadi Sucipto
Motorcycle Financing Customer
Medan, North Sumatra
I have been a BFI Finance customer since September 2024. Initially, I was a Gojek partner, and since
Gojek has been collaborating with BFI Finance for Motorcycles Financing, I then used that facility. The
application process was quick, straightforward, and really trustworthy. I have been very satisfied with
BFI Finance’s service.
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MAP AND OPERATIONAL
NETWORK
13.8%
Sumatra
39 1 8 48
OUTLETS
31.5%
Greater Jakarta
27 73 10 110
OUTLETS 31.5%
Java and Bali
63 30 17 110
OUTLETS
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Branches POS Sharia
Distribution of Branches, POS, and
Sharia
8.6% (as of 31 December 2025)
349
Kalimantan
22 3 5 30 OUTLETS
OUTLETS
14.6%
Sulawesi and Eastern Indonesia
40 6 5 51
OUTLETS
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ORGANIZATION STRUCTURE
BFI Finance’s organization structure as at 31 December 2025 was as follows:
GENERAL MEETING OF
SHAREHOLDERS
SHARIA SUPERVISORY BOARD
‐ Asrori S. Karni (Chairman)
‐ Helda Rahmi Sina
PRESIDENT DIRECTOR
Sutadi
ASSET MANAGEMENT
BUSINESS DIRECTOR FINANCE DIRECTOR
DIRECTOR
Tan Rudy Eddywidjaja Iwan Sudjono
NON-DEALER
BUSINESS INNOVATION ASSET MANAGEMENT FINANCE & TREASURY
FINANCING
Ary Suharso Anov Finanda Arwin Tonny Widjaja
DEALER FINANCING BUSINESS CHANNEL INVENTORY FINANCIAL CONTROL
Stanly Darisang Kardiawan Kurniawan Susanto Jefry Suryo
INSURANCE & CORPORATE
SHARIA BUSINESS NATIONAL SALES
OPERATION SERVICES PROGRAM & CSR
Deni Nasri (TBA)*** Ika Santi Susilawati Rimbajaya
OPERATIONS &
PBF BUSINESS
SERVICE EXCELLENCE
Desliana Sidabutar Margaretha Br Tarigan
COMPENSATION,
BENEFITS & REWARDS
Luki Sri Herlambang
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BOARD OF COMMISSIONERS
President Commissioner : Francis Lay Sioe Ho
Commissioner : Kusmayanto Kadiman
Commissioner : Saurabh Narayan Agarwal
Independent Commissioner : Johanes Sutrisno
Independent Commissioner : Alfonso Napitupulu
NOMINATION &
RISK OVERSIGHT COMMITTEE AUDIT COMMITTEE
REMUNERATION COMITTEE
‐ Alfonso Napitupulu (Chairman)** ‐ Johanes Sutrisno (Chairman)** ‐ Johanes Sutrisno (Chairman)**
‐ Francis Lay Sioe Ho** ‐ Jono Effendy ‐ Friso Palilingan
‐ Luki Sri Herlambang** ‐ Edy Sugito
TRANSFORMATION
SHARIA PRODUCT & HEAD OF INTERNAL
DIRECTOR TECHNOLOGY
BUSINESS ACTIVITY AUDIT
Goklas DEVELOPMENT COMITTEE
Kharim I. G. Siregar* Fledy Rizmara
‐ Deni Nasri (Chairman)**
‐ August Rinaldi Sanoesi**
‐ Emiliana Woro Saptiti Hari
PMO & DATA Putri HEAD OF CORPORATE CORPORATE
DIGITAL BUSINESS
MANAGEMENT ‐ Arwin** COMPLIANCE SECRETARY
David Thamin (TBA)*** Budi Darwan Munthe Budi Darwan Munthe**
RISK MANAGEMENT
COMMITTEE
HUMAN CAPITAL ‐ Sutadi (Chairman)** HEAD OF RISK AML/CFT/PF
‐ Sudjono** MANAGEMENT
Ute Gerdanovita ‐ Goklas** Amy Setyawati
August Rinaldi Sanoesi
‐ August Rinaldi Sanoesi**
‐ Amy Setyawati**
BRANCH BUSINESS
PARTNER
IT STEERING COMMITTEE
Masmudi
‐ Sutadi (Chairman)**
‐ Sudjono**
‐ Goklas**
‐ Tan Rudy Eddywidjaja**
‐ Iwan**
‐ Kharim I. G. Siregar**
‐ David Thamin**
* Board of Management
** Concurrent position
*** To be assigned
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WORKFORCE PROFILE
The following 2025 employee demographic data is presented based on consolidated data.
Table 5 | Total Employees
Comparison with
Last Year
Description 2024 2025
Total Percentage
Total Employees 10,198 10,540 342 3.4%
Table 6 | Number of Employees by Directorate
Directorate Male Female Total
BOC & Sharia Supervisory Board 6 1 7
BOD 5 - 5
BOM 1 - 1
CEO 493 74 567
Marketing 3,299 676 3,975
Asset Management 2,507 302 2,809
Finance 636 1,283 1,919
Risk Management 165 186 351
Transformation 662 212 874
PT FIT 24 8 32
Total 7,798 2,742 10,540
Table 7 | Number of Employees by Employment Status
Employment Status Male Female Total
Permanent 4,055 1,608 5,663
Non-permanent 3,743 1,134 4,877
Total 7,798 2,742 10,540
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Table 8 | Number of Employees by Employment Contract
Employment Contract Male Female Total
Full Time 7,798 2,742 10,540
Part Time - - -
Total 7,798 2,742 10,540
Table 9 | Number of Employees by Region
Region Male Female Total
Head Office 840 540 1,380
Greater Jakarta 1,546 549 2,095
Java and Bali 2,390 732 3,122
Sumatra 1,173 342 1,515
Kalimantan 722 225 947
Sulawesi and Eastern Indonesia 1,127 354 1,481
Total 7,798 2,742 10,540
Table 10 | Number of Employees by Level of Education
Level of Education Male Female Total
Master's & Doctoral Degree 62 33 95
Bachelor's Degree 5,482 2,249 7,731
Diploma 569 250 819
High School & below 1,685 210 1,895
Total 7,798 2,742 10,540
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Table 11 | Number of Employees by Position Level
Position Level Male Female Total
BOC, BOD & Sharia Supervisory Board 11 1 12
Senior Manager 113 23 136
Junior Manager 464 125 589
Officer 2,786 1,056 3,842
Staff 4,424 1,537 5,961
Total 7,798 2,742 10,540
Table 12 | Number of Employees by Age Group
Age Group Male Female Total
< 25 years 880 613 1,493
25-30 years 3,183 1,125 4,308
31-40 years 3,121 848 3,969
41-50 years 554 139 693
> 50 years 60 17 77
Total 7,798 2,742 10,540
Table 13 | Number of Employees by Tenure
Tenure Male Female Total
< 3 years 3,925 1,287 5,212
3-5 years 1,249 423 1,672
6-10 years 1,622 578 2,200
> 10-20 years 906 402 1,308
> 20 years 96 52 148
Total 7,798 2,742 10,540
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Kardiawan
Business Channel & Verificator Head
I joined BFI Finance in June 2007 and have found the Company to be a strong, experienced, and
professionally managed institution. This was proven by its ability to overcome various challenges,
including the economic crisis, and a consistent commitment to transparency. Throughout my career,
BFI Finance has consistently supported employee development through various structured training
programs at every stage, supported by real-life learning through project assignments and cross-
functional collaboration. One of the most memorable experiences for me was being entrusted with
the role of Product Owner in a strategic project of the Company, which provided challenges and
enriched my competencies. At the end of the project, I achieved the Best Product Owner award as an
appreciation of my contribution. The work culture at BFI Finance combines professionalism, integrity,
and a family atmosphere of mutual respect and support. Going forward, I hope BFI Finance will
continue to strengthen its support for employee development to remain relevant, competitive, and
capable of preparing the next round of leaders to ensure the Company sustainability.
Rezeki Ekawati
Regional HCBP Head
During my 11 years at BFI Finance, I have found the Company to be more than just a place to work, but
also a space for to continuously learn, grow, and contribute. BFI Finance has a strong reputation, good
governance, and a real commitment to employee development through targeted training and career
path programs. The professional, integrity-driven, collaborative, and family-oriented work environment
has made me feel that I am given the trust to continue developing myself and taking on broader roles.
One of the Company’s core values, Absolute Integrity, is truly at work here in every aspect of operation,
thus building trust and the Company’s sustainability. Looking ahead, I am optimistic that BFI Finance
will continue to grow with employees who are becoming more and more adaptive and competent
amidst the dynamics of business and technology.
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BOARD OF COMMISSIONERS
PROFILES
Saurabh Narayan Agarwal Johanes Sutrisno Francis Lay Sioe Ho Alfonso Napitupulu Kusmayanto Kadiman
Commissioner Independent President Independent Commissioner
Commissioner Commissioner Commissioner
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Francis Lay Sioe Ho
President Commissioner
Indonesian Citizen
Age: 77
Country of Residence: Indonesia
Deed of EGMS Minutes No. 3 dated 30 January
Legal Basis of 2025 in conjunction with Deed of Meeting
Appointment Resolutions Statement No. 4 with the same
date
Term of Office 2025–2028
Decree of the
Decree of the Board of Commissioners of OJK
Fit and Proper
No. KEP-236/PL.02/2025 dated 22 August 2025
Assessment Results
■ Master of Business Management (M.B.M.),
Asian Institute of Management (AIM),
Manila, Philippines (1975)
Education ■ Bachelor of Business Administration
(B.B.A.), University of Singapore (now
National University of Singapore),
Singapore (1972)
Basic Commissioner Certification, Indonesian
Financing Professional Certification Institute
Certification
(LSPPI in Indonesian abbreviation), obtained on
3 February 2025
■ Various positions in the Company, namely:
‐ Director, and Founder (1982–2025)
‐ Risk Management Committee
Chairman (2023–2025)
‐ Information Technology (IT) Steering
Work Experience
Committee Chairman (2021–2025)
■ Credit Manager, Treasury Officer,
PT Indovest (1975–1980)
■ Executive Officer, Singapore Ministry of
Finance (1972–1975)
Concurrent
Positions Held in
■ Member of the Nomination and
Remuneration Committee
the Company and
Its Subsidiary
■ President Commissioner, PT FIT
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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Kusmayanto Kadiman
Commissioner
Indonesian Citizen
Age: 71
Country of Residence: Indonesia
Deed of EGMS Minutes No. 3 dated 30 January 2025
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 4 with the same date
Term of Office 2025–2028
Decree of the
Decree of Bapepam-LK Chairman No. KEP-473/BL/2011
Fit and Proper
dated 11 August 2011
Assessment Results
■ Doctor of Philosophy, Australian National
University, Canberra, Australia (1988)
Education
■ Bachelor of Engineering Physics, Bandung
Institute of Technology (ITB) (1977)
Basic Financing Certification, LSPPI, obtained on
Certification
27 July 2016
■ President Commissioner, BFI Finance (2011–2025)
■ President Commissioner, PT Setiabudi
Investment Management (2016–2024)
■ Member (Advisor) of the International Advisory
Board, Komatsu Ltd, Japan (2021–2023)
■ Commissioner, PT Tamaris Hidro (2015–2020)
■ President Commissioner, PT iForte Solusi Infotek
(2016–2017)
■ Commissioner and advisor at several natural
resources and power generation companies
Work Experience (since 2009)
■ Minister of Research and Technology of the
Republic of Indonesia (2004–2009)
■ Chairman, Asian–Europe University Network
(ASEA–UNINET) (2002–2004)
■ Rector, ITB (2001–2004)
■ Head of Technology Development Center, ITB
(1998–2001)
■ Head of Control Laboratory, ITB (1995–1998)
■ Director, Business Group in Jakarta (1993–1995)
■ Director, ITB Computer Center (1990–1993)
Concurrent
Positions Held in
None
the Company and
Its Subsidiary
■ Vice President Commissioner, PT Alamtri Power
Indonesia (previously PT Adaro Power)
Concurrent
■ Independent Commissioner, PT Profesional
Telekomunikasi Indonesia Tbk (Protelindo)
Positions Held
Outside the
■ Independent Commissioner, PT Sarana Menara
Nusantara Tbk
Company and Its
■ Independent Commissioner, PT Global Digital
Subsidiary
Niaga Tbk
■ President Commissioner/Independent
Commissioner, PT Solusi Tunas Pratama Tbk
■ Affiliated with the controlling shareholder
Affiliate (Trinugraha Capital & Co SCA)
Relationships ■ No affiliations with members of the BOC and the
BOD
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Governance Statements
Saurabh Narayan Agarwal
Commissioner
Singaporean Citizen
Age: 44
Country of Residence: Singapore
Deed of EGMS Minutes No. 7 dated 16 May 2023
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 8 with the same date
Term of Office 2023–2028
Decree of the
Decree of the Board of Commissioners of OJK No. KEP-
Fit and Proper
203/PL.02/2023 dated 8 December 2023
Assessment Results
■ Master of Business Administration (M.B.A.), Harvard
Business School, USA (2009)
Education ■ Bachelor of Technology (B.Tech.) and Master of
Science (M.S.) in Microelectronics, Indian Institute
of Technology (IIT) Bombay, India (2004)
Basic Financing Certification, LSPPI, obtained on 28
Certification
July 2023
■ Commissioner, PT Asuransi Bina Dana Arta Tbk or
ABDA (2022–2024)
■ Business Analyst, McKinsey & Company
(2004–2007)
■ Private Equity Investment Associate, Temasek
Holdings in Mumbai (India) (2007)
■ Boards of various companies, among others, AAG
Energy Holdings Ltd. (HKG:2686), CleanMax Enviro
Work Experience
Energy Solutions Pvt. Ltd., Converge Information
and Communications Technology Solutions, Inc.
(Converge ICT), Competitive Power Ventures, Inc.
(CPV), Solar Mosaic LLC (Mosaic Inc.), RimRock
Oil & Gas, RS Energy Group, Trident Energy, CASA
Exploration, Canbriam Energy Inc., Delonex Energy
Ltd., Velvet Energy Ltd., Venari Resources LLC,
Liberty Wireless Pte. Ltd., and M-Service GmbH
Concurrent
Positions Held in
None
the Company and
Its Subsidiary
■ Managing Director & Head of Southeast Asia
Private Equity, Warburg Pincus LLC, Singapore
Concurrent ■ Director, Advance Intelligence Group (ADVANCE.
Positions Held AI), Oona Insurance Singapore (Oona Holdings
Outside the Pte. Ltd.), Circles.Life, Everise, GCash (Mynt –
Company and Its Globe Fintech Innovations, Inc.), MoMo Pay,
Subsidiary Techcombank (Vietnam Technological and
Commercial Joint Stock Bank), and Xuyen A
General Hospital (BVXA) in Vietnam
■ Affiliated with the controlling shareholder
(Trinugraha Capital & Co SCA)
Affiliate
Relationships
■ No affiliations with members of the BOC and the
BOD
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Johanes Sutrisno
Independent Commissioner
Indonesian Citizen
Age: 74
Country of Residence: Indonesia
■ Deed of AGMS Minutes No. 80 dated
15 June 2011
Legal Basis of
■ Deed of EGMS Minutes No. 43 dated
25 April 2016
Appointment
■ Deed of EGMS Minutes No. 3 dated 25 May
2021 in conjunction with Deed of Meeting
Resolutions Statement No. 4 dated 25 May 2021
■ 2011-2016
Term of Office ■ 2016-2021
■ 2021–2026
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-2020/NB.1/2014 dated 4 August 2014
Assessment Results
■ M.B.A., Gadjah Mada University (2009)
Education ■ Bachelor of Economics in Management (Drs.),
Universitas Indonesia (1980)
Basic Financing Certification, LSPPI, obtained
Certification
on 2 March 2017
■ Director, PT Gaudi Dwi Laras (2014–2016)
■ Audit Committee Member, PT Bentoel
International Investama Tbk (2010–2016)
■ Finance Director, PT Carsurin (2007–2013)
■ Various positions in the Company, namely:
‐ President Commissioner (2000–2011)
Work Experience
‐ Director (1991–1999)
‐ Credit Officer (1982–1991)
■ Mutual International Finance Corporation
(1980–1982)
■ Auditor, SGV, Utomo, Mulia & Co. (1973–1976)
Concurrent
Positions Held in Chairman of the Audit Committee and Risk
the Company and Oversight Committee
Its Subsidiary
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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Governance Statements
Alfonso Napitupulu
Independent Commissioner
Indonesian Citizen
Age: 75
Country of Residence: Indonesia
■ Deed of AGMS Minutes No. 80 dated
15 June 2011
Legal Basis of
■ Deed of EGMS Minutes No. 43 dated
25 April 2016
Appointment
■ Deed of EGMS Minutes No. 3 dated 25 May
2021 in conjunction with Deed of Meeting
Resolutions Statement No. 4 dated 25 May 2021
■ 2011-2016
Term of Office ■ 2016-2021
■ 2021–2026
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-2020/NB.1/2014 dated 4 August 2014
Assessment Results
Bachelor of Law degree (Civil Law), Universitas
Education
Indonesia (1975)
Basic Financing Certification, LSPPI, obtained on
Certification
12 June 2015
■ Statutory Management Expert Staff, AJB
Bumiputera 1912 (2016–2017)
■ Independent Commissioner, PT BRI Asuransi
Indonesia (BRINS General Insurance)
(2015–2021)
■ Commissioner and President Commissioner,
PT Kredit Biro Indonesia Jaya (KBIJ) (2014–2018)
■ Advisory Board, Indonesian Advocates
Association (Perhimpunan Advokat Indonesia/
PERADI) (2015–2020)
Work Experience ■ President Director, PT Nana Mandiri Dwikarya
(1989–2020)
■ Partner, Law Office of Alfonso, Giunseng &
Kolopaking, Jakarta (1988–1993)
■ International Lawyer Practitioner, Law Office of
Bronson & McKinnon, San Francisco, California,
USA (1984–1985)
■ Partner, Law Office of Gani Djemat & Partners
(1975–1988)
■ Legal Consultant Advocate for Capital Market
and Intellectual Property Rights (1976)
Concurrent
Positions Held in Chairman of the Nomination and Remuneration
the Company and Committee
Its Subsidiary
Concurrent
Positions Held
Managing Partner, Law Office of Alfonso
Outside the
Napitupulu & Partners (since 1993)
Company and Its
Subsidiary
Affiliate
None
Relationships
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 69
Page 70
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
BOARD OF DIRECTORS
PROFILES
Sudjono Iwan Sutadi Tan Rudy Eddywidjaja Goklas
Finance Director Asset Management Director President Director Business Director Transformation Director
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Sutadi
President Director
Indonesian Citizen
Age: 51
Country of Residence: Indonesia
Deed of EGMS Minutes No. 3 dated 30 January 2025
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 4 with the same date
Term of Office 2025–2028
Decree of the
Decree of the Board of Commissioners of
Fit and Proper
OJK No. KEP-5/PL.02/2025 dated 17 February 2025
Assessment Results
■ Executive M.B.A., IPMI International Business
School, Jakarta (2018)
Education
■ Bachelor of Industrial Engineering, Trisakti
University, Jakarta (1998)
Certified Financing Professional, LSPPI, obtained
Certification
on 26 April 2016
■ Various positions at the Company, namely:
‐ Business & Asset Management Director
(2024–2025)
‐ Business Director (2014–2023)
‐ Retail Business Division Head (2012–2014)
‐ Department Head and Associate Division
Head (2008–2012)
‐ Regional Manager (2006–2008)
Work Experience
‐ Branch Manager (2004–2006)
‐ Branch Establishment Manager
(2001–2004)
‐ Branch Manager (2000–2001)
■ Sales Executive in Marketing Export,
PT Tjiwi Kimia Pulp & Paper (1999–2000)
■ Collection & Credit Analyst Officer, PT Bunas
Finance Indonesia (1997–1999)
Concurrent
Positions Held in Chairman of the Risk Management and
the Company and Information Technology (IT) Steering Committees
Its Subsidiary
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 71
Page 72
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Sudjono
Finance Director
Indonesian Citizen
Age: 55
Country of Residence: Indonesia
■ Deed of EGMS Minutes No. 18 dated 6 May 2014
■ Deed of EGMS Minutes No. 59 dated
Legal Basis of 28 May 2019
Appointment ■ Deed of EGMS Minutes No. 5 dated 22 May
2024 in conjunction with Deed of Meeting
Resolutions Statement No. 7 dated 22 May 2024
■ 2014–2019
Term of Office ■ 2019–2024
■ 2024–2027
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-1294/NB.1/2014 dated 3 June 2014
Assessment Results
■ Enterprise Risk Manager (ERM™), Asia Risk
Management Institute (ARiMI) and National
University of Singapore (NUS) (2009)
Education ■ M.B.A., Institut Pengembangan Manajemen
Indonesia (IPMI), Jakarta (2006)
■ Bachelor of Economics in Accounting,
Tarumanagara University, Jakarta (1993)
Certified Financing Professional, LSPPI, obtained
Certification
on 26 April 2016
■ Various positions at the Company, namely:
‐ Concurrent position as Corporate Secretary
(2014–2025)
‐ Information Technology
Director (2014–2017)
‐ Head of Finance and Information
Technology Division and various other
Work Experience
positions (1993–2014)
‐ Risk Management Committee (now Risk
Oversight Committee) Member (2003–2013)
■ Senior Auditor, Public Accounting Firm of Hans
Tuanakotta Mustofa – member firm of Deloitte
Touche Tohmatsu International (1991–1993)
Concurrent
Positions Held in
■ Member of the Risk Management and IT
Steering Committees
the Company and
Its Subsidiary
■ Commissioner, PT FIT
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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Sustainability Corporate Data Appendices
Governance Statements
Goklas
Transformation Director
Indonesian Citizen
Age: 47
Country of Residence: Indonesia
Deed of EGMS Minutes No. 5 dated 22 May 2024
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 7 dated 22 May 2024
Term of Office 2024–2027
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-462/PL.02/2024 dated 29 October 2024
Assessment Results
■ Executive M.B.A., IPMI International Business
School in Jakarta (2023)
■ Management Development Program, Asian
Education Institute of Management (AIM), Manila,
Philippines (2007)
■ Bachelor of Economics in Financial
Management, Universitas Indonesia (2000)
Certified Financing Professional, LSPPI, obtained
Certification
on 3 June 2024
Various positions at the Company, namely:
■ Head of Project Management Office
(2015–2024)
Work Experience ■ Product Head at branch level, Branch
Manager, Head of Non-Dealer Financing
Product Development, and Head of Business
Development (2001-2014)
Concurrent
Positions Held in Member of the Risk Management and IT Steering
the Company and Committees
Its Subsidiary
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 73
Page 74
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Tan Rudy Eddywidjaja
Business Director
Indonesian Citizen
Age: 55
Country of Residence: Indonesia
Deed of EGMS Minutes No. 2 dated 8 May 2025
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 1 dated 4 September 2025
Term of Office 2025–2028
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-190/PL.02/2025 dated 30 July 2025
Assessment Results
■ M.B.A., IPMI, Jakarta (2022)
■ Management Development Program from the
Asian Institute of Management (AIM), Manila,
Education
Philippines (2008)
■ Bachelor of Economics in Accounting,
Universitas Putra Bangsa, Surabaya (1997)
Financing Competency Certification, LSPPI,
Certification
obtained on 5 October 2024
Various positions at the Company, namely:
■ Deputy Director of Business (2024–2025)
■ National Sales Division Head (2017–2024)
■ Head of Consumer Business (2008–2017)
Work Experience
■ Head of Car Business (2003–2008)
■ Regional Manager (1999–2003)
■ Branch Manager (1997–1999)
Concurrent
Positions Held in
Member of the IT Steering Committee
the Company and
Its Subsidiary
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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Governance Statements
Iwan
Asset Management Director
Indonesian Citizen
Age: 55
Country of Residence: Indonesia
Deed of EGMS Minutes No. 2 dated 8 May 2025
Legal Basis of
in conjunction with Deed of Meeting Resolutions
Appointment
Statement No. 1 dated 4 September 2025
Term of Office 2025–2028
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-194/PL.02/2025 dated 30 July 2025
Assessment Results
Bachelor of Economics in Accounting, Universitas
Education
Tridinanti, Palembang (1994)
Financing Competency Certification, LSPPI,
Certification
obtained on 5 October 2024
Various positions at the Company, namely:
■ Deputy Director of Asset Management
(2024–2025)
■ Branch Business Partner Division Head
(2022–2024)
Work Experience
■ Head of Network Development & Management
(2019–2022)
■ Regional Manager (2003–2019)
■ Branch Manager (1996–2002)
■ Marketing Officer (1995–1996)
Concurrent
Positions Held in
Member of the IT Steering Committee
the Company and
Its Subsidiary
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
SHARIA SUPERVISORY BOARD
PROFILES
Asrori S. Karni Helda Rahmi Sina
Chairman of Sharia Supervisory Board Member of Sharia Supervisory Board
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Governance Statements
Asrori S. Karni
Chairman of Sharia Supervisory Board
Indonesian Citizen
Age: 50
Country of Residence: Indonesia
■ Deed of Minutes of EGMS No. 6 dated 25
October 2017 in conjunction with Deed of
Meeting Resolutions Statement No. 19 dated
Legal Basis of 21 December 2017
Appointment ■ Deed of EGMS Minutes No. 17 dated 29
June 2022 in conjunction with Deed of
Meeting Resolutions Statement No. 18 dated
29 June 2022
Term of Office
■ 2017–2022
■ 2022–2027
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-105/NB.22/2017 dated 27 December 2017
Assessment Results
■ Doctorate from the Doctoral Program in
Law, Faculty of Law, Universitas Diponegoro,
Semarang (2025)
■ Master of Laws majoring in Economic Law,
Education Universitas Indonesia (2010)
■ Bachelor of (Islamic) Religion, Sharia and
Law Faculty, Institut Agama Islam Negeri
(IAIN) Syarif Hidayatullah, now UIN Syarif
Hidayatullah, Jakarta (1998)
Sharia Supervisory Competency Certificate,
the Professional Certification Agency (LSP) of
National Sharia Board–Indonesian Ulema Council
Certification
(DSN–MUI) (2018), obtained on 28 November 2018,
renewed on 22 July 2024, and valid
until 22 July 2027
■ Assistant to the Special Staff of the RI Vice
President K.H. Ma’ruf Amin (2019–2024)
■ Chairman of the Sharia Supervisory Board of
the Sharia Business Division, PT Pos Indonesia
(Persero) (2022–2023)
■ Lecturer of Sharia Economics Study Program,
Universitas Nahdlatul Ulama Indonesia, Jakarta
Work Experience
(2012–2021)
■ Vice Chairman of Qanuniyah (Islamic Law),
Bahtsul Masail Institute of the Board of
Nahdlatul Ulama (LBM PBNU) (2015–2020)
■ Chairman of the Information and
Communications Commission, MUI
Headquarters (2015–2020)
■ Deputy Secretary of DSN–MUI (2025–2030)
■ SSB Chairman, PT Sinar Mitra Sepadan (SMS)
Finance (since 2021)
Concurrent
Positions Held
■ Deputy Secretary–General, Indonesian Ulema
Council (MUI) Headquarters (since 2020)
Outside the
■ SSB Member, PT Indomobil Finance Indonesia
Company and Its
(since 2014)
Subsidiary
■ Lecturer of Sharia Economic Law Study
Program, Sharia and Law Faculty, UIN Syarif
Hidayatullah Jakarta (since 2013)
Affiliate
None
Relationships
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Page 78
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Helda Rahmi Sina
Member of Sharia Supervisory Board
Indonesian Citizen
Age: 52
Country of Residence: Indonesia
■ Deed of Minutes of EGMS No. 6
dated 25 October 2017 in conjunction with
Deed of Meeting Resolutions Statement No. 19
Legal Basis of dated 21 December 2017
Appointment ■ Deed of EGMS Minutes No. 17 dated
29 June 2022 in conjunction with Deed
of Meeting Resolutions Statement No. 18
dated 29 June 2022
■ 2017–2022
Term of Office
■ 2022–2027
Decree of the
Decree of the Board of Commissioners of OJK No.
Fit and Proper
KEP-105/NB.22/2017 dated 27 December 2017
Assessment Results
■ Doctoral Program in Sharia Economics,
Universiti Malaya, Kuala Lumpur, Malaysia,
(2007)
Education ■ Master in Islamic Economics (MA), Universiti
Kebangsaan Malaysia (2000)
■ Bachelor of Syariah Islamiyyah (Lc), Al–Azhar
University, Cairo, Egypt (1996)
■ General Secretary, Yayasan Pendidikan
Fatahillah Jakarta (YPFJ) (2020-2025)
■ Head of Marketing and Training Division,
International Center for Development in Islamic
Finance – Indonesian Banking Development
Institute (ICDIF–LPPI) (2020–2023)
■ Head of Consultation and Development
Division for Sharia Financial Program, ICDIF–
LPPI (2014–2020)
■ Member of the Sharia Economics Expert Board,
Work Experience
Universitas Azzahra, East Jakarta (2010–2014)
■ Lecturer of Sharia Contracts & Products course
for the M.B.A. in Sharia Banking & Finance
program, ITB (2009–2015)
■ Head of Sharia Financial Program
Implementation Department, ICDIF–LPPI
(2008–2014)
■ President, Sekolah Tinggi Ekonomi Islam
Tiara (STEI Tiara) Rawamangun, East Jakarta
(2006–2008)
■ Chairwoman, YPFJ
Concurrent ■ Chief of Strategic Alliance, Hurriyah Global
Positions Held Consulting Firm (HGC Firm)
Outside the ■ Postgraduate Program Lecturer, Sekolah Tinggi
Company and Its Ilmu Ekonomi Indonesia (STEI) Rawamangun,
Subsidiary East Jakarta
■ Faculty Member, ICDIF–LPPI
Affiliate
None
Relationships
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Governance Statements
COMMITTEES UNDER THE BOARD OF
COMMISSIONERS’ PROFILES
AUDIT COMMITTEE
Johanes Sutrisno
Chairman of the Audit Committee
Indonesian Citizen
Age: 74
Country of Residence: Indonesia
■ BOC Decree No. BOC/SK/I/2021-001 dated 26 January 2021
Legal Basis of
Appointment
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
Term of Office 2021–2026
Profile Presented in the BOC Profiles section (page 68)
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Page 80
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Friso Palilingan
Member of the Audit Committee
Indonesian Citizen
Age: 42
Country of Residence: Indonesia
■ BOC Decree No. BOC/SK/IV/2015/0081 dated 13 April 2015
■ BOC Decree No. BOC/SK/VI/2016-05 dated 21 June 2016
Legal Basis of
Appointment
■ BOC Decree No. BOC/SK/I/2021-001 dated 26 January 2021
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
■ 2016–2021
Term of Office
■ 2021–2026
■ Master of Accounting, Kwik Kian Gie School of Business (2008)
Education
■ Bachelor of Economics in Accounting, Kwik Kian Gie School of Business (2005)
■ Certified Audit Committee Practitioner, Indonesian Institute of Audit Committee
(IKAI) (2016)
Certification ■ Chartered Accountant (CA), Institute of Indonesia Chartered Accountants (IAI in
Indonesian abbreviation) (2013)
■ Certified Public Accountant (CPA), IAI (2008)
■ Member of the Audit Committees of several companies, namely:
‐ PT Asahimas Flat Glass Tbk
‐ PT Medikaloka Hermina Tbk
‐ PT Duta Intidaya Tbk
Work Experience
‐ PT Cisarua Mountain Dairy (Cimory)
‐ PT Provident Investasi Bersama Tbk
‐ PT BNI Sekuritas
■ Member of the Financial Accounting Standards Board, IAI
■ Senior Partner, Certified Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono,
Retno, Palilingan & Rekan (PKF Indonesia, member of PKF International)
■ Independent Commissioner and Audit Committee Chairman,
Concurrent PT Intiland Development Tbk
Positions Held ■ Commissioner of several companies, namely:
Outside the ‐ PT Kiat Ananda Cold Storage
Company and Its ‐ PT Ananda Solusindo
Subsidiary ‐ PT Manggala Kiat Ananda
‐ PT Mitra Ananda Megadistrindo
‐ PT Profesional Telekomunikasi Indonesia Tbk (Protelindo)
Affiliate
None
Relationships
80 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Sustainability Corporate Data Appendices
Governance Statements
Edy Sugito
Member of the Audit Committee
Indonesian Citaizen
Age: 61
Country of Residence: Indonesia
■ BOC Decree No. BOC/SK/VI/2016-05 dated 21 June 2016
Legal Basis of
Appointment
■ BOC Decree No. BOC/SK/I/2021-001 dated 26 January 2021
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
■ 2016–2021
Term of Office
■ 2021–2026
Education Bachelor of Economics in Accounting, Trisakti University, Jakarta (1991)
■ Commissioner, PT Gayatri Kapital Indonesia (until 2023)
■ Director of Company Valuation, PT Bursa Efek Indonesia (2005–2012)
Certification
■ Director, PT Kliring Penjaminan Efek Indonesia (2000–2005)
■ Director, PT Kustodian Sentral Efek Indonesia (1998–2000)
■ Commissioner, PT Gayatri Kapital Indonesia (until 2023)
■ Director of Company Valuation, PT Bursa Efek Indonesia (2005–2012)
Work Experience
■ Director, PT Kliring Penjaminan Efek Indonesia (2000–2005)
■ Director, PT Kustodian Sentral Efek Indonesia (1998–2000)
■ President Commissioner/Independent Commissioner,
Concurrent PT Trimegah Sekuritas Indonesia Tbk
Positions Held ■ Independent Commissioner in several companies, namely:
Outside the ‐ PT PP London Sumatra Indonesia Tbk
Company and Its ‐ PT Wismilak Inti Makmur Tbk
Subsidiary ‐ PT Dharma Satya Nusantara Tbk
‐ PT Madusari Murni Indah Tbk
Affiliate
None
Relationships
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 81
Page 82
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
RISK OVERSIGHT COMMITTEE
Johanes Sutrisno
Chairman of the Risk Oversight Committee
Indonesian Citizen
Age: 74
Country of Residence: Indonesia
Legal Basis of
■ BOC Decree No. BOC/SK/I/2021-001 dated 26 January 2021
Appointment
■ BOC Decree No. BOC/SK/VI/2016-05 dated 21 June 2016
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
■ 2016–2021
Term of Office
■ 2021–2026
Profile Presented in the BOC Profiles section (page 68)
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Sustainability Corporate Data Appendices
Governance Statements
Jono Effendy
Member of the Risk Oversight Committee
Indonesian Citizen
Age: 51
Country of Residence: Indonesia
■ BOC Decree No. BOC/SK/IV/2015-0081 dated 13 April 2015
Legal Basis of ■ BOC Decree No. BOC/SK/VI/2016-05 dated 21 June 2016
Appointment ■ BOC Decree No. BOC/SK/VI/2021-0092 tanggal 15 Juni 2021
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
Term of Office
■ 2016–2021
■ 2021–2026
Education
■ Master’s degree in Finance, Pelita Harapan University, Tangerang (2003)
■ Bachelor of Economics in Accounting, Tarumanagara University, Jakarta (1996)
■ Qualified Risk Governance Professional (QRGP), LSP MKS (2021)
■ “Digital Transformation: Platform Strategies for Success” Certification, EMERITUS in
collaboration with MIT Sloan School of Management, Massachusetts, United States (2021)
■ Certified in Enterprise Risk Governance (CERG), Enterprise Risk Management Academy
(ERMA), Singapore (2017)
Certification ■ Risk Management Certification for Insurance Company Level 5, Asosiasi Ahli Manajemen
Asuransi Indonesia (AAMAI) (2015)
■ Risk Management Certification Level 7, Badan Sertifikasi Manajemen Risiko (BSMR),
Indonesia (2011)
■ International Certificate in Banking and Regulation, Global Association of Risk
Professionals (GARP) (2011)
■ Member of the Audit and Risk Oversight Committees, PT Bank Commonwealth (2013–
2024)
■ Founder and Managing Director, PT Mudita Finansial Teknologi (2018–2021)
■ Independent Commissioner and Chairman of the Risk Oversight Committee,
PT Commonwealth Life (2014–2020)
■ Co-Founder and Managing Director, PT Kiran Resources Indonesia (2004–2018)
■ Member of the Audit and Risk Oversight Committees in several banks and financial
institutions, namely:
Work Experience
‐ PT Bank BNP Paribas Indonesia (2007–2018)
‐ PT Bank Barclays Indonesia (one year)
‐ PT BII Finance Centre (two years)
■ Various positions at Indonesian Bank Restructuring Agency (BPPN in Indonesian
abbreviation) (2001–2004)
■ Senior Consultant, Deloitte Touche, Jakarta (1998–2001)
■ Senior Auditor, Arthur Andersen, Jakarta (1996–1998)
■ Accountant, PT Tanjung Johor Wood Industry, Jakarta (1993–1996)
■ Founder and CEO, PT Pasar Jasa Profesional
Concurrent ■ Various positions at PT FWD Insurance Indonesia, namely:
Positions Held ‐ Independent Commissioner
Outside the ‐ Member of the Risk Oversight Committee
Company and Its ‐ Member of the Good Corporate Governance Committee
Subsidiary ‐ Member of the Audit Committee
■ Member of the Audit and Risk Oversight Committees, PT Nusantara Finance Cakrawala
Affiliate
None
Relationships
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NOMINATION AND REMUNERATION COMMITTEE
Alfonso Napitupulu
Chairman of the Nomination
and Remuneration Committee
Indonesian Citizen
Age: 75
Country of Residence: Indonesia
■ BOC Decree No. BOC/SK/IV/2015-0081 dated 13 April 2015
Legal Basis of ■ BOC Decree No. BOC/SK/VI/2016-05 dated 21 June 2016
Appointment ■ BOC Decree No. BOC/IV/2021-0049 dated 1 April 2021
■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
■ 2016–2021
Term of Office
■ 2021–2026
Profile Presented in the BOC Profiles section (page 69)
Francis Lay Sioe Ho
Member of the Nomination
and Remuneration Committee
Indonesian Citizen
Age: 77
Country of Residence: Indonesia
Legal Basis of
BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
Appointment
Term of Office 2025–2026
Profile Presented in the BOC Profiles section (page 65)
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Luki Sri Herlambang
Member of the Nomination
and Remuneration Committee
Indonesian Citizen
Age: 48
Country of Residence: Indonesia
Legal Basis of ■ BOC Decree No. BOC/VI/2024-0116 tanggal 21 June 2024
Appointment ■ BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
Term of Office 2024–2026
Education Bachelor of Economics in Accounting, Universitas Atma Jaya Yogyakarta (UAJY) (2002)
Various positions in the Company, namely:
■ Head of Payroll (2016–2019)
Work Experience ■ Head of Operational Development (2013–2015)
■ Head of Branch Operations & Development (2011–2012)
■ Head of Branch Operations (2002–2010)
Concurrent
Positions Held
Outside the None
Company and Its
Subsidiary
Affiliate
None
Relationships
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SENIOR MANAGEMENT PROFILES
Kharim Indra Gupta Siregar
Chief Technology Officer
Indonesian Citizen
60 tahun
Jakarta, DKI Jakarta
He joined BFI Finance in 2025 as Chief Technology Officer.
He previously served as Chief Executive Officer of PT DKatalis
Digital Lab (2023–2024), President Director of PT Bank Jago
Tbk (2019–2023), Director of Technology and Information of PT
Bank Tabungan Pensiunan Nasional (2008–2019), Executive Vice
President of PT Bank Danamon Indonesia Tbk (2005–2008), Vice
President of PT Bank Mega Tbk (2003–2005), and Vice President
of PT Bank Universal Tbk (1995–2002).
He obtained his Bachelor of Mechanical Engineering degree
from Institut Teknologi Bandung in 1990, and completed
executive training programs at INSEAD, Singapore, in 2007, and
Harvard Business School, USA, in 2011.
Head Office
The following are Head Office Senior Management officers whose structural positions are one level below the BOD:
Name Arwin Name Baskoro Fadin Wafdana
Position Head of Asset Management Position Head of Digital Partnership
Since 2024 Since 2024
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Name Tonny Widjaja Name Ute Gerdanovita
Position Head of Finance & Treasury Position Head of Human Capital
Since 1996 Since 2024
Regional Offices
The following are General Managers who are part of the Senior Management:
Name Augusnen Silalahi Name I Kadek Tirtayasa
General Manager for Bali, Nusa
General Manager for West Java
Position Position Tenggara, Maluku, and Papua
Province
region
Since 2021 Since 2025
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Name Medy Mirdianata Name Rachmadi
General Manager for Central
General Manager for
Position Position Java and Yogyakarta Special
Kalimantan region
Region Provinces
Since 2025 Since 2021
Name Sastero Wijaya Gunawan Name Sudi Hartono
General Manager for Sulawesi General Manager for
Position Position
region Sumatra region
Since 2025 Since 2021
Name Susinto Tenggono Then Name Tan Eng Han
General Manager for General Manager for
Position Position
Greater Jakarta region East Java Province
Since 2020 Since 2024
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CORPORATE STRUCTURE
BFI Finance’s corporate structure as at 31 December 2025 was as follows:
51.12% 48.88%
Trinugraha Capital & Co SCA Others (each below 5%)
1.00%
Others
99.00%
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SUBSIDIARIES AND ASSOCIATED
ENTITIES
SUBSIDIARIES
By the end of 2025, BFI Finance had one subsidiary: PT Finansial Integrasi Teknologi (FIT).
PT Finansial Integrasi Teknologi (FIT)
The Company in a Nutshell
PT Finansial Integrasi Teknologi (FIT) is a financial technology arm of the Company that engages in peer-to-peer (P2P)
lending through its proprietary platform, Pinjam Modal. FIT is majority-owned by the Company, with a 99.00% stake.
FIT was established in 2017 amid the trend of increasing demand for easy-to-access, technology-driven financial
products in the Indonesian market. In July 2018, FIT was registered as a financial technology P2P lending company on
OJK. It subsequently began operating in September 2018. In May 2020, FIT obtained its license from OJK.
FIT’s services are accessible by the Indonesian society through its application available on Google Play Store and
Apple App Store, as well as the highly-accessible pinjammodal.id website. With its business processes enabled by an
advanced and comprehensive technology stack from end to end, FIT runs a lean and streamlined operation, allowing
its services to be optimizable and customizable to each customer. Customer data and privacy are maintained in FIT’s
ISO 27001:2022-certified information security management systems.
FIT operates as a P2P lending service provider focused on productive sectors, particularly financing in the Fast-Moving
Consumer Goods (FMCG) ecosystem. Leveraging technology and a deep understanding of the supply chain, FIT
plays a role in supporting businesses to increase working capital, maintain smooth cash flow, and strengthen their
competitiveness in the market.
For several years, FIT’s business model has positively impacted the FMCG ecosystem by matching the measurable
funding needs of borrowers with the potential for attractive returns for lenders. Prudent risk management, close
relationships with industry players, and robust transaction data are the foundations of FIT’s growth.
In line with the division of business activities in which the Company is engaged, as explained above, the types of
business activities the Company conducts, by segment, are as follows:
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Industry Dynamics 2023–2025
During the 2023–2025 period, the dynamics in the FMCG sector were rather challenging. Increasingly intense and
unbalanced business competition, slowing market demand, and the emergence of over-financing, where borrowers
obtain excessive financing from various fintech companies, have increased default rates and credit risk in the industry.
These conditions have placed significant pressure on the productive financing industry, including on previously stable
financing portfolios. With the increasing number of non-performing borrowers, FITs had to adapt their strategies
quickly and decisively.
Strategy and Performance in 2025
2025 became a period of consolidation and fundamental strengthening for FIT. FIT’s primary focus was on protecting
the lenders and maintaining business sustainability through more conservative and measured risk management. In
line with this focus, FIT’s policy direction in 2025 included:
1. Tightening the distribution of new funding by only channeling financing to borrowers with strong track records
and measurable risk profiles;
2. Strengthening collection and remedial functions through a data-driven approach and selectively implementing
portfolio recovery strategies;
3. Conducting comprehensive evaluations of the quality of borrowers and business partners, including cross-platform
funding exposures; and
4. Maintaining the integrity of risk governance, with a top priority being ensuring the protection of lender funds.
With these measures, FIT strives to maintain operational stability while minimizing the continued impact of still-
challenging market conditions.
In accordance with this policy direction, FIT adjusted its financing disbursement target from Rp1.9 trillion to Rp551
billion. By the end of 2025, FIT’s user base had included more than 11 lenders, 9 of whom were active, and 3,541 borrowers,
2,595 of whom active. FIT customers were continuously able to access financing facility information conveniently and
in real time.
During 2025, FIT disbursed Rp579 billion in financing, while the value of active loans managed at year-end reached
over Rp100 billion. The Successful Payment Rate (TKB in Indonesian abbreviation) reached 98.67%. In managing these
active loans, risk mitigation is ongoing to maintain financing quality.
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Corporate Data
Date of Establishment Vision Employees
15 September 2017 To provide easily accessible 32 personnel
financial services to the
Indonesian society to contribute
to the improvement of public
welfare
OJK Registrations and
Legal Basis of Establishment Licenses
Mission ■ Letter No. S-588/NB.213/2018
Notary Deed of Herna Gunawan,
dated 31 July 2018
S.H., M.Kn., No. 4 dated 15
■ Letter No. KEP-20/D.05/2020
September 2017, as approved
1. Providing easy access to dated 19 May 2020
by the Minister of Law and
services for the public by
Human Rights of the Republic
utilizing state-of-the-art
of Indonesia by the letter No.
technologies
AHU-0043022.AH.01.01.Tahun
2. Providing competitive and
2017 dated 29 September 2017 Memberships in Associations
practical financial services to be
and Other Institution
used widely by the Indonesian
society
3. Growing into a sound, strong,
and integrated company
Line of Business
Indonesia Fintech Association
(AFTECH)
Financial technology borrowing
Shareholders
and lending services via Pinjam
Modal platform
Indonesia Fintech Lending
Association (AFPI)
Office Address
Alternative Institution for
PT BFI Finance Indonesia Tbk
Foresta Business Loft 5 Unit 11 Dispute Resolution in the
(99.00%)
Lengkong Kulon, Pagedangan Financial Services Sector
Others
Tangerang Regency 15331 (LAPS SJK)
(1.00%)
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Management Profiles
Francis Lay Sioe Ho
President Commissioner
Indonesian Citizen
77 years old
Jakarta, DKI Jakarta
He served as Commissioner for the period 2017–2022 and was subsequently appointed as President Commissioner pursuant
to the Shareholders’ Resolutions in Lieu of GMS of PT FIT on 29 July 2021 as per Deed of Shareholders’ Resolutions Statement
in Lieu of GMS of PT FIT No. 06 dated 5 August 2021.
He also serves as President Commissioner and member of the Nomination and Remuneration Committee of BFI Finance. His
profile is presented in the BOC Profiles (page 65).
Sudjono
Commissioner
Warga Negara Indonesia
55 tahun
Tangerang Selatan, Banten
He was appointed as Commissioner pursuant to the Shareholders’ Resolutions in Lieu of GMS of PT FIT on 29 July 2021 as per
Deed No. 06 dated 5 August 2021.
He also serves as Finance Director and member of two BOD Committees of BFI Finance, namely the Risk Management and IT
Steering Committees. His profile is presented in the BOD Profiles (page 72).
Herman Handoko
President Director
Indonesian Citizen
47 years old
Jakarta, DKI Jakarta
Appointed as President Director according to the Shareholders’ Resolutions in Lieu of GMS of PT FIT dated 29 July 2021 as per
Deed No. 06 dated 5 August 2021. The Notary Deed of Veronika Farida Riswanti, S.H., M.Kn. has been received and recorded
by the Minister of Law and Human Rights of the Republic of Indonesia as proven in the Decree of Acceptance of Amendment
Notification to the Company Data of PT FIT regarding changes in the Board of Directors and Commissioners No. AHU-
AH.01.03-0439071 dated 20 August 2021.
Previously, he was the Director of FIT pursuant to the Notary Deed of Herna Gunawan, S.H., M.Kn. No. 4 dated 15 September
2017 that had been endorsed by the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0043022.
AH.01.01.TAHUN 2017 dated 29 September 2017.
He had worked at BFI Finance (2003–2017) and held various positions, among others: as Head of Operations, Marketing
Officer of Leasing & Used Car, Head of Sales, Head of Car Product, Branch Manager of West Jakarta-Meruya, Area Manager of
DKI Jakarta, Associate Department Head of Network & Development, Head of Branch Management Department, Regional
Manager for Jakarta, Depok and Tangerang region, Head of Business Strategy Development & Management, and Head of
Channel.
He earned his Bachelor of Economics degree in Accounting from Atma Jaya Catholic University, Jakarta, in 2002.
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Ichwan Peryana
Director
Indonesian Citizen
35 years old
Tangerang Selatan, Banten
Joined FIT in 2017 as System & Technology Manager and Head of Technology. Then, he was appointed as Director according to
the Shareholders’ Resolutions in Lieu of GMS of PT FIT dated 29 July 2021 as per Deed No. 06 dated 5 August 2021. The Notary
Deed of Veronika Farida Riswanti, S.H., M.Kn. has been received and recorded by the Ministry of Law and Human Rights of
the Republic of Indonesia as proven in the Decree of Acceptance of Amendment Notification to the Company Data of PT FIT
regarding changes in the Board of Directors and Commissioners No. AHU-AH.01.03-0439071 dated 20 August 2021.
Previously, he had also joined BFI Finance and held a position of Digital Marketing Unit Head (2016–2017).
He earned his Bachelor of Communication Management degree from Universitas Padjadjaran, Bandung, West Java, in 2013
and completed the Executive Education FinTech & Digital Strategy from INSEAD and Cybersecurity Leadership from MIT
Sloan School of Management in 2021.
He has received several awards, including being among the Top 200 CIO Southeast Asia from Global CIO Forum in The World
CIO 200 Summit 2021, 2022, 2023, and 2024, CIO 100 Awards 2022, 2023, and 2024 from cio.com, CSO30 ASEAN Awards 2022,
2023, and 2024 from csoonline.com, Tech Innovator of the Year from World Financial Innovation Series 2023, CIO World 100
– 2024 No. 7 from Marlow Business School (United Kingdom), as well as ETCIO Southeast Asia Transformative CEO 2023 and
2024 from ETCIO Southeast Asia The Economic Times (India).
Muhamad Fauzi Purnama
Director
Indonesian Citizen
38 years old
Tangerang Selatan, Banten
Joined FIT in 2022 as Head of Network & Collection. He subsequently was appointed as Director according to the Shareholders’
Resolutions in Lieu of GMS of PT FIT as per Deed No. 09 dated 7 November 2024. The Notary Deed of Geraldine H.S.S.U. Sianturi,
S.H.,M.Kn. has been received and recorded by the Ministry of Law and Human Rights of the Republic of Indonesia as proven
in the Decree of Acceptance of Amendment Notification to the Company Data of PT FIT regarding changes in the Board of
Directors and Commissioners No. AHU-AH.01.09-0274498 dated 11 November 2024.
Previously, he had joined BFI Finance (2010–2021) and held various positions, among others: Head of Motorcycle Product,
Palangkaraya Branch Manager, Sukabumi Branch Manager, Bekasi 2 Branch Manager, Digital Branch Manager, Tangerang
Branch Manager, Bogor Branch Manager, and South Sulawesi Area Manager.
He graduated with a Bachelor of Development Economics degree from Semarang State University, Central Java, in 2009.
ASSOCIATED ENTITIES
Up to the end of 2025, BFI Finance did not have any associated entities.
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Management
Discussion
and Analysis
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INDUSTRY OVERVIEW
GLOBAL ECONOMIC DEVELOPMENTS
The 2025 global economic landscape was characterized by a multifaceted set of developments. Despite the persistent
risk of a global slowdown stemming from geopolitical tensions and trade tariffs, the world economy managed to
avoid a major recession. According to IMF reports, growth remained positive at 3.2%—a figure that surpassed earlier
projections, though it represents a slight deceleration from the 3.3% growth recorded in 2024. This headline figure,
however, masks a fundamental departure from conventional economics.
The United States achieved positive growth and remained relatively stronger than many other advanced economies
in 2025, enabled by persistent fiscal spending and a resilient labor market, despite showing signs of slowing. In stark
contrast stood the Eurozone, which languished in near-stagnation under the weight of energy transition costs due to
the ongoing war in Ukraine and weak domestic markets. China, meanwhile, whose pivot from property-led growth
to high-tech manufacturing—by redirecting its export focus away from the US and Western Europe toward ‘Global
South’ nations, particularly those within the BRICS bloc—has had little success in assuaging its consumers’ flagging
confidence.
This divergence forced a monetary policy decoupling among central banks, effectively breaking the synchronized
policy cycle of the last decade. While the US Federal Reserve held rates higher for longer—wary of inflation reigniting
in the services sector, it still slashed the Fed Funds Rate three times in late 2025. Central banks in the Eurozone and
emerging markets, on the other hand, had to cut rates early to resuscitate their suppressed economic conditions.
A lingering shock to global trade was delivered early in the year with the enactment of the “Universal Baseline Tariff”
by the US administration. This quickly replaced interest rates as the primary regulator of global activity. These much-
litigated, sweeping tariffs significantly increased the friction in the gears of global supply chains. A direct consequence
of this was a more expensive, fragmented global production network.
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INDONESIA’S ECONOMIC STORY INDONESIA’S MULTIFINANCE
Indonesia performed a noteworthy balancing act in 2025. INDUSTRY
relatively successful in insulating itself from external
The experience of Indonesia’s multifinance sector was
volatility and delivering a GDP growth of 5.11%. Despite
emblematic of the fracturing purchasing power among
slower than 2024 growth, the economy’s resilience
the middle class. Multifinance players had to contend
appeared—on the surface level—commendable.
with the twin-pronged threat posed by cost and risk.
Decisive downstreaming policies in the metals sector
On the revenue side, business models appeared to be
pulled substantial foreign direct investment, while Bank
decelerating. Financing receivables growth flatlined as
Indonesia continued to play the role of the vigilant
the direct correlate of the slowdown in new automotive
gatekeeper.
sales, which by far was the major contributor to financing
applications. Potential customers showed hesitation
The bank cut its BI Rate six times in 2025 by a total of 125
arising from elevated financing interest rates, high
basis points, closing the year at 4.75%. This however could
vehicle prices, and market uncertainty surrounding the
not stem inflation from reaching 2.92% by year-end, the
EV transition.
highest since the end of 2022. Moreover, the Rupiah
underwent a correction for yet another year. Against
Deterioration on the risk side was systemic. Waning
the US Dollar, the Rupiah depreciated by 3.86% in 2025,
purchasing power and a general reluctance toward new
averaging at Rp16,472 per USD—the lowest since the 1997
investment have exerted direct pressure on financing
Asian financial crisis and ending up as one of the year’s
portfolios. Non-Performing Financing (NPF) ratios
worst-performing currencies in the region.
lingered between 2.4–3.0% throughout 2025. With
delinquencies remaining high, the industry was forced
A closer inspection reveals a concerning “K-shaped”
into a defensive crouch, with lenders tightening credit
reality. The macro-aggregate numbers were buoyant,
scoring aggressively. Their caution was a vindicated
but they belied the cracks in the micro-foundations.
response to the often encountered practice of fiduciary
The quality of growth has shifted: capital-intensive
fraud, whereby distressed debtors increasingly choosing
downstreaming elevated GDP figures but has absorbed
bypass legal resale channels to liquidate vehicles on social
far less labor than traditional manufacturing.
media platforms, practically embezzling the collateral for
quick cash.
Consequently, household consumption saw a hollowing
out: spending remained robust on essentials and low-
With the industry stalling in 2025, profitability figures
ticket leisure, resonating the boom of the “experience
dwindled. Industry report as of December 2025 noted
economy”, but the middle class had to grapple with
that the Operating Expense to Operating Income
eroding savings and stagnant real wages. A clear signifier
(BOPO) ratio rose to 82.9% from 79.4% at the end of 2024,
of this widespread weakening came from the automotive
resulting from increasingly complex collection processes.
market, where GAIKINDO revised its 2025 forecast and
Both ROA and ROE were corrected to 4.2% and 10.7%,
reported plunging car sales for the third year running.
respectively.
The wealth effect from economic development has not
been trickling down evenly. It has exposed a lurking
The industry performance report provides a
fragility that may disrupt the country’s headline growth
comprehensive overview of the contraction within
in coming years.
the financing industry. This impacted total financing
receivables in Indonesia, which saw marginal growth
of just 0.61% by the end of 2025, reaching Rp506.50
trillion. The majority of receivables were dominated
by multipurpose financing. The remainder consisted
of investment, working capital, and sharia financing.
Amidst this stagnant landscape, a glimmer of vitality
emerged from working capital financing, which bucked
the trend by recording 10.1% growth.
The only positive news from a structural perspective
was the decline in the gearing ratio to 2.2x at the end of
2025, compared to 2.3xt at the end of 2024. This indicated
that financing industry players were leaning toward a
cautious and risk-averse stance.
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BUSINESS REVIEW
BFI Finance’s financing services are fully supervised and regulated by OJK Regulations
with financing products including asset-backed products, covering cars, motorcycles,
heavy equipment, machinery, and property. These diverse products are designed to meet
customer needs for investment, working capital, and multipurpose financing, and are
available in conventional and sharia-based schemes. Through these financing services, BFI
Finance’s supports economic activity across various consumer segments, from individuals
and MSMEs to large-scale companies, while making a contribution to the development of
the industrial sector in Indonesia.
Throughout 2025, the financing industry faced market dynamics that were tempered by changes in consumer
purchasing power and consumption behavior, alongside increased risk sensitivity across various segments. Such
a condition reflected the societal situation and their financial decision-making with respect to the prevailing
macroeconomic situation in Indonesia. Against this backdrop, the Company took several measures in business
management that placed greater emphasis on portfolio quality and operational resilience, while adjusting business
strategies for each product line to secure sustainable growth.
Financing of Cars, particularly Used Cars Financing, continues to be a key driver of the Company’s business. This
segment’s performance was impacted by increasingly fierce competition and increased risks due to declining quality
of customers. Responding to these dynamics, BFI Finance strengthened its business process digitalization initiatives to
improve data quality for decision-making. This step has resulted in a more selective acquisition process, thus aligning
growth rates with asset quality developments.
For Used Cars Dealer Financing, the Company adopted a different strategy from the previous period by emphasizing
more precise and targeted ecosystem management. The Company expanded its product service focus through car
exchanges running exclusively in several strategic locations, allowing for stricter selection of showrooms to maintain
vehicle quality and customer standards. The Company also developed a Showroom Stock Financing (SSF) scheme to
support showroom working capital needs, while providing flexibility for partners in managing vehicle inventory. This
step also strengthened BFI Finance’s position in the dealer business chain. As a result, the value of New Financing
Secured by Used Cars in 2025 increased by 10.4%.
In the Heavy Equipment Financing segment, external dynamics, including adjustments to government policies,
project conditions in certain sectors, and the impact of natural disasters in several regions, have impacted business
investment plans and encouraged caution in disbursing new financing. To maintain the segment’s contribution, BFI
Finance has diversified its portfolio by providing non-supplier financing, such as working capital financing directly
related to customers business activities, as well as financing for spare parts, fuel, and other operational components.
As a result of these measures, the value of Heavy Equipment Financing grew by 6.8% throughout 2025.
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Meanwhile, the Property-Backed Financing (PBF) segment showed a 9.2% growth, going hand-in-hand with a higher
level of prudence. This segment’s performance was influenced by the liquidity characteristics of property assets, which
impact the cost of credit (COC) and the relatively lengthy collateral execution process. To maintain a balance between
risk and contribution, the Company periodically evaluates its product development strategy for PBF while expanding
the scope of its more intensive business-to-business (B2B) partnerships.
The next section reviews the Company’s overall performance in 2025 compared to 2024.
NEW FINANCING
Table 14 | New Financing by Asset Type
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Used Cars Financing 13,191 14,566 1,375 10.4%
New Cars Financing 400 202 (198) -49.5%
Cars Financing 13,591 14,768 1,177 8.7%
Heavy Equipment Financing 2,949 3,150 201 6.8%
Motorcycles Financing 2,238 2,656 418 18.7%
Property Financing 826 902 76 9.2%
Sharia Financing 450 446 (4) -0.9%
Total 20,054 21,922 1,868 9.3%
Percentage of Total
Used Cars Financing 65.8% 66.4% n/a 0.6%
New Cars Financing 2.0% 0.9% n/a -1.1%
Cars Financing 67.8% 67.3% n/a -0.5%
Heavy Equipment Financing 14.7% 14.4% n/a -0.3%
Motorcycles Financing 11.2% 12.1% n/a 0.9%
Property Financing 4.1% 4.1% n/a 0.0%
Sharia Financing 2.2% 2.1% n/a -0.1%
Total 100.0% 100.0%
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Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Description (unit)
Used Cars Financing 116,907 125,911 9,004 7.7%
New Cars Financing 1,470 584 (886) -60.3%
Cars Financing 118,377 126,495 8,118 6.9%
Heavy Equipment Financing 3,927 4,402 475 12.1%
Motorcycles Financing 240,228 272,730 32,502 13.5%
Property Financing 1,285 1,391 106 8.2%
Sharia Financing 3,425 3,937 512 14.9%
Total 367,242 408,955 41,713 11.4%
Motorcycles Heavy Equipment Property Sharia
Cars Financing
Financing Financing Financing Financing
126,495 272,730 4,402 1,391 3,937
units units units units units
The total value of New Financing disbursed by BFI Finance in 2025 reached Rp21,922 billion, reflecting a 9.3% increase
from Rp20,054 billion in 2024.
Based on asset type, Cars Financing continued to dominate the Company’s New Financing portfolio, accounting for
67.3% of the total. The composition of Used Cars Financing consists of 66.4%, while New Cars Financing reaches 0.9%
of Total New Financing in 2025. The remaining 32.7% was distributed among Heavy Equipment Financing (14.4%),
Motorcycles Financing (12.1%), Property Financing (4.1%), and Sharia Financing (2.1%).
In terms of growth, Motorcycles Financing recorded the highest growth at 18.7%. The amount increased from Rp2,238
billion in 2024 to Rp2,656 billion in 2025. Property-Backed Financing also showed growth of 9.2%, from Rp826 billion
to Rp902 billion. Cars Financing increased 8.7% from Rp13,591 billion to Rp14,768 billion, although New Cars Financing
shrank by almost half from Rp400 billion to Rp202 billion in 2025. This is in line with the Company’s strategy to gradually
reduce the portion of New Cars Financing in its business portfolio.
The performance of each financing product is explained in the following tables.
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Cars Financing
Table 15 | New Financing of Cars (New and Used) by Source of Origination
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Non-Dealer Financing 11,029 11,400 371 3.4%
Dealer Financing
Used Cars Financing 2,162 3,166 1,004 46.4%
New Cars Financing 400 202 (198) -49.5%
Total 13,591 14,768 1,177 8.7%
Description (unit)
Non-Dealer Financing 103,658 105,434 1,776 1.7%
Dealer Financing
Used Cars Financing 13,249 20,477 7,228 54.6%
New Cars Financing 1,470 584 (886) -60.3%
Total 118,377 126,495 8,118 6.9%
New Financing of Cars increased by 8.7% to Rp14,768 billion in 2025, primarily driven by the growth of Used Cars
Financing through the Dealer Financing (DF) scheme by 46.4%, or Rp1,004 billion. This increase offsets the significant
decline in New Cars Financing by Rp198 billion. Overall, DF’s contribution increased by Rp806 billion, while Non-Dealer
Financing (NDF) also recorded an increase by Rp371 billion to Rp11,400 billion.
As at the end of 2025, NDF remained the largest component in the Cars Financing segment, accounting for 77.2% of
the total financing value. The number of car units used as collateral for financing by the Company through the NDF
scheme reached 105,434 units, while 21,061 units were secured through DF.
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Graph 4 | Composition of Car Category (New and Used) in New Financing (Rp billion)
2024 2025
Passenger Car Passenger Car
10,720 12,068
Commercial Car Commercial Car
2,871 2,700
Total Total
13,591 14,768
18.3
21.1
% %
78.9 81.7
Commercial Car Passenger Car
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Table 16 | New Financing of Cars (New and Used) by Car Type
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Minibus/MPV 8,460 9,622 1,162 13.7%
Jeep 1,713 1,848 135 7.9%
Truck 1,574 1,542 (32) -2.0%
Pick-up 1,160 1,069 (91) -7.8%
Sedan 553 598 45 8.1%
Bus 131 89 (42) -32.1%
Total 13,591 14,768 1,177 8.7%
Percentage of Total
Minibus/MPV 62.2% 65.2% n/a 3.0%
Jeep 12.6% 12.5% n/a -0.1%
Truck 11.6% 10.4% n/a -1.2%
Pick-up 8.5% 7.2% n/a -1.3%
Sedan 4.1% 4.1% n/a 0.0%
Bus 1.0% 0.6% n/a -0.4%
Total 100.0% 100.0%
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Table 17 | New Financing of Cars (New and Used) by Brand
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Toyota 4,733 5,170 437 9.2%
Mitsubishi 2,205 2,248 43 2.0%
Honda 1,859 2,193 334 18.0%
Daihatsu 1,879 2,125 246 13.1%
Suzuki 1,043 1,003 (40) -3.8%
Isuzu 242 281 39 16.1%
Other Japanese Brand 1,029 1,073 44 4.3%
Non-Japanese Brand 601 675 74 12.3%
Total 13,591 14,768 1,177 8.7%
Percentage of Total
Toyota 34.8% 35.0% n/a 0.2%
Mitsubishi 16.2% 15.2% n/a -1.0%
Daihatsu 13.7% 14.8% n/a 1.1%
Honda 13.8% 14.4% n/a 0.6%
Suzuki 7.7% 6.8% n/a -0.9%
Isuzu 1.8% 1.9% n/a 0.1%
Other Japanese Brand 7.6% 7.3% n/a -0.3%
Non-Japanese Brand 4.4% 4.6% n/a 0.2%
Total 100.0% 100.0%
By category, New Cars Financing in 2025 consisted of Passenger Cars amounting to Rp12,068 billion (81.7%), and
Commercial Cars at Rp2,700 billion (18.3%). The majority of financed Passenger Cars were in the Minibus/MPV category
(65.2%), while Trucks dominated the Commercial Cars segment (10.4%). By brand, Toyota remained the market leader
with a 35.0% share, unchanged from 2024.
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Motorcycles Financing
Graph 5 | Composition of Motorcycle Brand in New Financing (Rp billion)
2024 2025
Honda Yamaha Honda Yamaha
1,517 644 1,841 729
Suzuki Others Suzuki Others
29 48 25 61
Total Total
2,238 2,656
1.3 2.1 1.0 2.3
%
28.8
%
27.4
67.8 69.3
Honda Yamaha Suzuki Others
The Motorcycles Financing business remains entirely dominated by Used
Motorcycles Financing used as collateral. This product is a preferred option,
particularly for the lower-middle-income segment.
Motorcycles Financing performance in 2025 increased by 18.7%, amounting
Rp2,656 billion, compared to Rp2,238 billion in 2024. One factor that has
successfully driven improved performance in this segment is the successful
transformation of business processes through end-to-end digitalization, which
now allows the entire credit process, including high-risk assessments, to run
automatically.
By brand, Honda motorcycles continued to dominate, accounting for 69.3% of
total Motorcycles Financing in 2025, while the remainder was held by Yamaha
(27.4%), Suzuki (1.0%), and Other Brands (2.3%).
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Financing of Heavy Equipment, Machinery, and Other Equipment
Table 18 | New Financing of Heavy Equipment, Machinery, and Other Equipment by Industry
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Mining 874 847 (27) -3.1%
Plantation 349 549 200 57.3%
Industrial and Manufacturing 414 487 73 17.6%
Construction 609 449 (160) -26.3%
Forestry 349 333 (16) -4.6%
Services 174 218 44 25.3%
Trade and Distribution 82 107 25 30.5%
Others 98 160 62 63.3%
Total 2,949 3,150 201 6.8%
Percentage of Total
Mining 29.6% 26.9% n/a -2.7%
Plantation 11.8% 17.4% n/a 5.6%
Industrial and Manufacturing 14.1% 15.4% n/a 1.3%
Construction 20.7% 14.3% n/a -6.4%
Forestry 11.8% 10.6% n/a -1.2%
Services 5.9% 6.9% n/a 1.0%
Trade and Distribution 2.8% 3.4% n/a 0.6%
Others 3.3% 5.1% n/a 1.8%
Total 100.0% 100.0%
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Graph 6 | Composition of Heavy Equipment, Machinery, and Other Equipment Types in New Financing (Rp billion)
2024 2025
Excavator Truck Excavator Truck
1,115 604 1,154 567
Bulldozer Wheel Loader Bulldozer Wheel Loader
195 47 143 85
Other Heavy Other Heavy
Forklift Forklift
Equipment Equipment
39 285 58 209
Machinery Others Machinery Others
650 14 922 12
Total Total
2,949 3,150
0.5 0.4
22.0 29.3
9.7 % 37.8
6.6 % 36.6
1.3 1.8
1.6 20.5 2.7 18.1
6.6 4.5
Excavator Truck Bulldozer Wheel Loader
Other Heavy
Forklift Machinery Others
Equipment
BFI Finance expanded its Heavy Equipment, Machinery, and Other Equipment
Financing products offerings to support the operations of businesses across
various industrial sectors.
Industrial & Manufacturing. The contribution of these three sectors to the total
Heavy Equipment, Machinery, and Other Equipment Financing in 2025 was
26.9%, 17.4%, and 15.4%, respectively.
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The highest proportional growth came from the Plantation sector, at Rp200 billion, or 57.3%, from 2024, in line with the
government policy positioning this sector as one of the main pillars of Indonesia’s economic growth. The Industrial &
Manufacturing sector followed with growth of Rp73 billion, or 17.6%, followed by Others, which grew by Rp62 billion, or
63.3%. Meanwhile, Mining, as the leading sector, experienced a decline of Rp27 billion, or 3.1%, from 2024.
The overall value of Heavy Equipment, Machinery, and Other Equipment Financing increased by 6.8%, reaching
Rp3,150 billion in 2025, compared to Rp2,949 billion in 2024.
Based on equipment type, New Financing in 2025 was primarily allocated for Excavators, with total financing disbursed
amounting to Rp1,154 billion, or 36.6% of the total financing in this segment. The following categories, in order, were
Trucks, with a share of 18.1%, Bulldozers (4.5%), Wheel Loaders (2.7%), and finally, Forklifts and Other Heavy Equipment
(8.4%).
Property-Backed Financing
Graph 7 | Composition of Property Types in New Financing (Rp billion)
2024
7.0
House
768
Shophouse
58
Total
826 %
93.0
2025
7.9
House
831
Shophouse
71
Total
902 %
92.1
Shophouse House
The Company disbursed Property-Backed Financing for products with Houses and Shophouses as collateral. In 2025,
the financing value grew by 9.2%, from Rp826 billion in 2024 to Rp902 billion. By type, Houses Financing increased by
8.2% and Shophouses Financing by 22.4%.
Sharia Financing
New Sharia Financing decreased by 0.9% from Rp450 billion in 2024 to Rp446 billion in 2025, but still contributed well
by 2.1% to the Company’s total New Financing.
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TRANSFORMATION
Building on the foundational work in 2024 to accelerate the company-wide transformation agenda, BFI Finance
has now embarked on translating this agenda into disciplined execution. The 2024 rollout of new systems and their
complementary mindsets, as part of the new operating model, was augmented in 2025 as the Company endeavored
to elevate its baseline—the consistent level of standards across the business.
The first step in transformatively elevating the baseline took the form of institutionalizing the standards of operations
and service. It was crucial for the Company to continue to lead and excel in today’s increasingly complex business
landscape, where the industry faced subdued consumer purchasing power and a shift in asset valuation. Taking
consideration of these constraints, BFI Finance reconfigured and refined its core capabilities, nurturing its people and
systems to mature into a synchronized engine powered by data-driven intuition.
IIn certain segments that involved high volumes, transition to digital-native functions made a breakthrough in 2025.
Sophisticated scoring models, rigorously developed and tested over the past few years, began to be used to screen
the majority of application approvals. This has effectively removed manual (“subjective”) variance and ensured that the
Company’s risk appetite is applied with precision at every outlet nationwide, while also substantially reducing approval
time.
The solid collaboration between the risk management and information technology functions alongside business units
was leveled up to address industry-wide delinquency trends in 2025. BFI Finance applied the same level of stringency
to its collections and recovery strategies, but directed these very strategies to evolve toward a more consultative model.
This means leveraging advanced data analytics to distinguish between temporary liquidity constraints and long-
term credit risk. This has allowed proactive, tailored restructuring and partial payment solutions for each customer.
Customer relationships were preserved through supportive engagement, and collateral quality stabilized through
reduced losses on repossession.
Empowered by this ongoing transformation, BFI Finance diversified its product offering. In 2025, the Company
launched the Showroom Stock Financing (SSF) scheme to provide capital to selected car showrooms to ensure
inventory continuity, as elaborated further in the previous and next sections within this chapter, and began to offer
spare parts financing within the Heavy Equipment and Truck Only (HETO) segment.
Beyond internal enhancements, BFI Finance continues to expand its reach through strategic integration with external
digital ecosystems. This approach enables the Company to connect more effectively with potential customers by
leveraging established third-party platforms.
Through its partnership with GoTo Group, BFI Finance gains access to a broad digital ecosystem, enabling the Company
to reach a wide and diverse customer base through GoPay Pinjam BPKB. In addition, its collaboration with Shopee
allows the Company to tap into a large mass-market segment by offering financing solutions through SPinjamBPKB.
Beyond these two major digital platforms, the Company has been expanding partnerships with other digital players
to tap into their respective customer bases.
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The Company aspires to provide digital secured loan financing that operates seamlessly across channels. Customers
are enabled to apply anytime and anywhere, supported by a fully integrated online and offline experience throughout
the loan journey. The Company also develops tailor-made products based on customer needs, while leveraging
existing customer data and partner capabilities to deliver a more efficient, seamless, and personalized experience.
A centerpoint of this digital ambition is BFI Mobile, launched in late 2024. More than a service channel, BFI Mobile
represents the Company’s long term vision of becoming a fully integrated digital financing platform, where customers
can discover, apply, manage, and fulfill their financing needs entirely from a single touchpoint.
As the Company continues to enrich this application with new capabilities, BFI Mobile serves as the connective layer
between BFI Finance’s growing ecosystem partnership and the individual customers. The resulting digital experience
is expected to reinforce loyalty and deepen engagement over time.
Meanwhile, the direct-to-consumer strategy, which was in nascent stages in 2024, was expanded with over 80 new
points of service in 2025. These outlets are designed to broaden business growth beyond traditional intermediary
dependence. With them, BFI Finance can now own the customer relationship more directly, and at the same time
deliver competitive results. Working in tandem with the increasingly frictionless digital partnerships, this multi-
channel independence ensures that future growth remains robust.
The concerted move to elevate the baseline in 2025 was ultimately the definitive stress-test of the Company’s new
operating model. By taking advantage of external pressure from the challenging economy to streamline operational
complexity and build organizational muscle, BFI Finance has built a formidable edge on top of its foundations.
The next three sections discuss how this transformation has been carried out by the Company across its operational,
marketing, and customer service dimensions. These measures allow the Company, as it entered 2026, to process faster,
detect risk earlier, and raise the operational standards that have long supported its standing in the market.
OPERATIONS
Operational functions are vital to the Company’s business. To this end, process consistency across the entire network,
alignment of our operating model with portfolio characteristics, and strict adherence to established governance
frameworks and prevailing regulations are all essential.
In the development of this new operating model, BFI Finance continues to emphasize the intensification of its existing
network. The 2025 network development strategy was therefore focused on optimizing current outlet functions, with
new branch openings conducted exclusively based on market demand.
To meet market needs while maintaining effective and efficient parameters, the Company developed BFI Finance
Point of Sales (POS) units. These are strategically placed within the intersections of existing branch service areas to
enable direct consumer engagement.
This emphasis on network intensification was paired with a heightened focus on operational efficiency and
productivity. To support growth, the managerial structure was streamlined into leaner management layers, ensuring
that role distributions remain relevant to on-the-ground business needs.
The restructuring of branch-level managerial roles was based on a re-mapped organizational blueprint. The
verticalization principle was consistently applied, maintaining distinct functions for business, asset, and operations
managers. However, in regions with specific geographical characteristics, certain Branch Manager roles were
consolidated based on the relatively limited scale of business. This adjustment ensures that the organizational structure
remains contextual, effective, and aligned with local operational requirements. By centralizing the management of
business aspects and asset quality under a single decision-maker, business procedures and oversight become more
integrated and responsive to specific local conditions.
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Operational transformation was further bolstered by the digitalization of core processes, notably through an enhanced
scoring engine. A key breakthrough introduced in 2025 was the implementation of an automatic decision engine
to standardize credit decision-making, particularly at the application approval stage. The success of this system
places data quality as a mission-critical element, as the objective decisions generated rely entirely on the validity,
completeness, and accuracy of the data used in the assessment process.
This digital reinforcement has accelerated financing workflows, improved process consistency, and rendered decision-
making more measurable and data-driven. This approach serves as the foundation for balancing business growth
with portfolio quality, particularly for non-dealer motorcycle and automobile financing, which remain the Company’s
primary business contributors.
Beyond process digitalization, the Company regularly evaluates its product portfolio. Adjustments were made
to products with risk profiles deemed inconsistent with market conditions. Business focus was redirected toward
segments with more suitable risk-return characteristics, such as non-dealer financing, Dealer Financing for used
vehicles, and ecosystem strengthening through the launch of car markets and the provision of Showroom Stock
Financing (SSF) products.
Property-Backed Financing (PBF) continued to be managed selectively, with keen consideration given to liquidity risk
characteristics and collateral execution processes. Meanwhile, in the Heavy Equipment, Transportation, and Others
(HETO) segment, industrial dynamics and macroeconomic conditions shifted operational strategy toward diversifying
into non-supplier financing, including working capital financing directly linked to customers’ operational activities.
Sharia Financing also continued to be expanded within the Company’s portfolio. In 2025, management of this segment
focused on sharpening consumer segmentation and improving portfolio quality. This focus is expected to unlock the
potential of the Sharia business for better quality and profitability contributions in the future.
Operational transformation has also been reflected in the broader implementation of paperless operations in back-
end processing. All administrative workflows are now digital, aimed at reducing turnaround times, increasing accuracy,
and slashing operating expenses. This implementation is accompanied by employee competency upgrades and a
mindset-shift initiative—driven by evaluations, training, and the refinement of work systems—to ensure sustainable
digital adoption.
These digitalization initiatives are coupled with robust cybersecurity measures to maintain system reliability and
data protection amidst increasingly complex digital risks. This strengthening encompasses processes, governance,
and overall organizational readiness. BFI Finance collaborates with external partners to support early detection and
continuous system monitoring, including 24-hour surveillance to identify potential threats at the earliest stages.
Concurrently, security procedures and frameworks are reviewed and refined to remain relevant to the evolving cyber
risk landscape.
Security reinforcement also involved restructuring internal capabilities. The Company has appointed a dedicated head
of IT Security to ensure centralized risk management coordination, covering policy implementation oversight, incident
response, and team competency development. At the systems level, upgrades were made to security hardware, user
access point protection, and regular security testing of applications and infrastructure.
BFI Finance has also been bolstering its data protection mechanisms through the implementation of several initiatives
based on the principles set forth in the Personal Data Protection Law. These initiatives encompass the strengthening of
governance, data management compliance, and the enhancement of data security systems and processes, including
those involving third-party collaborations.
All these measures are underpinned by stringent access controls, restrictions on the use of personal devices for
specific activities, and the implementation of permission-based controls. Furthermore, the Company conducted
dissemination and mentoring programs for employees to ensure effective implementation and cultivate their
awareness regarding the critical importance of cybersecurity in daily operations. This ensures that the Company
delivers ease and convenience as well as security through each of its products and services to its customers.
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CUSTOMER SERVICE
In its persistent effort to enhance service quality, the A new open-concept branch layout reinforces this shift,
Company places convenience, speed, and a solution- encouraging frontliners to move beyond their service
oriented focus as core values in every customer desks to proactively engage customers from the start of
interaction. By means of process reinforcement, strategic their visit and provide rapid solutions whenever possible.
harnessing of technology, and development of human
capital capabilities, BFI Finance continues to strive Such shifts in process and service behavior have a direct
toward delivering an increasingly efficient and value- impact on operational effectiveness. A leaner service
added experience across all touchpoints. flow allows branches to handle a higher volume of
customers per business day with shorter turnaround
A primary focus of service development in 2025 was times. Furthermore, understanding customer needs
aimed toward utilizing digital technology as a key enabler from the outset enhances the quality of interactions,
in streamlining service processes. The integration of even for those visiting for administrative purposes.
digital systems into branch workflows provides better Consequently, service development has elevated the
visibility into customer needs while supporting more consumer experience while also strengthening overall
organized operational management. Through a queue branch productivity.
management system facilitated by upgraded digital
queuing machines and front-office coordination, Consumer complaint management continues to be
customers can perform self-registration independently, an integral part of BFI Finance’s efforts to maintain
while branches obtain a real-time overview of the volume service quality and long-term customer relationships.
and nature of customer visits. Every customer complaint received gets handled in
accordance with regulatory requirements, including the
This simplification of processes became the foundation obligation to provide responses and resolutions within
for transforming service delivery at the branch level. With specified timeframes.
clearer workflows and more predictable wait times, now
frontliners have greater flexibility to interact actively with
consumers.
Table 19 | Customer Complaint Handling 2025
Status of Resolution
Number of
Financing Type Resolved Being Processed
Complaints
Total % Total %
Investment 74 100% 0 0% 74
Working Capital 2,406 100% 0 0% 2,406
Multipurpose 3,519 100% 0 0% 3,519
Non-Customer 462 100% 0 0% 462
Total 6,461
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In practice, the complaints received vary in complexity. In line with complaint management, BFI Finance has also
For grievances requiring more attention, the Company been perfecting its customer satisfaction survey methods
prioritizes open communication as the initial step in to capture and reflect the holistic consumer experience
the handling process. Relevant teams conduct direct across all touchpoints. The current customer satisfaction
clarifications with consumers to gain a comprehensive assessments are no longer limited to specific channels
understanding of the issue while offering solutions, but now encompass various forms of interaction, whether
aiming to mitigate the impact of dissatisfaction and in person or through digital channels.
preserve the relationship quality between the consumer
and the Company. One key adjustment in this measurement method
involved the integration of feedback from external
BFI Finance has also refined its complaint-handling platforms, such as Google My Business and Google
mechanism for implementation in 2026 through Review, as parameters in calculating customer
urgency-based categorization. Complaints classified as satisfaction scores. Additionally, consumers are given
critical will be managed through a cross-level escalation the opportunity to evaluate frontliner service directly.
path, from the branch to the head office, with prioritized, The information gathered is used to identify areas for
shorter handling times. improvement in service processes and aspects requiring
further refinement.
The Company is also aware that the evolution of digital
channels and social media has been accelerating the Customer satisfaction measurements are conducted
sharing of consumer experiences, both the positive and at various interaction points, including branch visits for
negative ones. In response, cross-functional coordination information, administrative services, or filing complaints.
has been intensified, including with the corporate Throughout 2025, this mechanism was facilitated by
communications unit, to ensure that sensitive complaints touch-screen terminals at several branches, allowing
are handled appropriately and with precision. consumers to provide direct ratings on service quality
and branch facilities.
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MARKETING
BFI Finance’s marketing activities throughout 2025 centered on strengthening its established core channels, while
simultaneously leveraging business ecosystems and digital technologies to propel growth. This marketing strategy
was carried out on an integrated framework comprising four primary channels: dealer/supplier networks, agency
partnerships, telemarketing and direct marketing, and digital platforms.
The Dealer Financing (DF) channel for the used vehicles segment underwent a renewal in strategy, which now
emphasizes the cultivation of a robust dealer ecosystem. To apply this ecosystem-centric approach, BFI Finance
developed a car exchange, a form of a curated marketplace dedicated to offering these financing products.
The Company exercises rigorous selectivity in managing this exchange, vetting participating showrooms based on
vehicle inventory quality and the historical performance of their customer base. Within this ecosystem, BFI Finance
leverages showroom customer data to target individuals whose financing needs align with the Company’s product
profile. The marketplace’s appeal is further enhanced by value-added propositions, including competitive interest
rates, an accelerated ‘instant approval’ mechanism, and warranty support, ensuring the entire ecosystem operates
with greater efficacy and cohesion.
In 2025 BFI Finance also introduced Showroom Stock Financing (SSF), a working capital facility designed for
showrooms and vehicle sellers to ensure inventory continuity. The introduction of SSF complemented the Dealer
Financing scheme, offering comprehensive value within a single, unified ecosystem. Under the SSF scheme, the
Company transcended the role of a mere financing provider, acting instead as an ecosystem manager that bridges
the marketplace while supplying financing to customers as well as working capital to car showrooms.
The second marketing channel, the agency partnerships, remained the largest contributor to revenue, particularly
within the non-dealer financing segment for two-wheeled and four-wheeled vehicles. Amidst intensifying competition,
the management of this channel focused on bolstering operational support, ensuring agents remained effective in
their instrumental role as primary lead generators.
BFI Finance has equipped its agents with GENFI, a sales tool that enables independent submission of financing
applications, and provides real-time access to product information. Furthermore, internal support via agent relationship
executives (ARE) remains a cornerstone of this strategy, assisting agents in navigating operational challenges and
upholding the quality of the marketing process.
While the agency channel focuses on acquiring new customers, the telemarketing and direct marketing channels
are strategically aligned to strengthen the retention of existing customers. These channels are supported by a direct
sales team functioning as customer relationship executives, tasked with maintaining relationships—particularly with
high-potential repeat customers. This team is also empowered with digital applications to streamline their activities
on the ground.
Digital marketing has also been increasingly promoted as a core channel. With the post-pandemic strengthening
of digital capabilities and the progressive implementation of digital transformation, the Company now possesses a
mature foundation for fostering collaboration with various ecosystem players through an omnichannel approach.
These capabilities facilitate more adaptive and cohesively integrated marketing management, enabling the Company
to leverage on its digital partners’ ecosystems, which operate on a well-diversified mass market scale, to acquire new
customers.
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The BFI Mobile customer service application, launched in December 2024, has since been serving as a primary pillar
of the Company’s digital capabilities. This application functions as a direct engagement channel, providing customers
with access to information and financing services via mobile devices. The presence of BFI Mobile reinforces the
omnichannel approach by establishing an integrated digital touchpoint, thereby helping to expand the marketing
reach and render customer relationship management more effective.
These multi-channel marketing efforts have been complemented by marketing through conventional channels. This
includes advertising the Company’s financing products in various public spaces. Targeted locations for the Company’s
advertisements include commuter train stations and carriages, traditional shops, convenience stores, sporting events,
as well as other strategic points across several cities.
By delivering industry-leading service tailored to the specific characteristics and needs of its customers, BFI Finance
has over the years built a loyal base of tens of thousands of customers across its various operational regions. Supported
by a comprehensive suite of marketing initiatives, the Company’s customer base is expected to continue growing,
driving positive results for its long-term performance.
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About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
FINANCIAL PERFORMANCE REVIEW
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Assets
Table 20 | Total Assets
Comparison with Last
Year
Description (Rp billion) 2024 % 2025 %
Total Percentage
Cash and Cash Equivalents 1,614 6.4% 1,552 6.1% (62) -3.8%
Financing Receivables -
22,013 87.6% 22,394 87.9% 381 1.7%
Net
Ijarah and IMBT
83 0.3% 91 0.4% 8 9.6%
Receivables - Net
Total Net Receivables 22,096 87.9% 22,485 88.3% 389 1.8%
Other Receivables - Third
293 1.2% 315 1.2% 22 7.5%
Parties
Fixed Assets - Net 673 2.7% 668 2.6% (5) -0.7%
Prepaid Expenses and
20 0.1% 25 0.1% 5 25.0%
Advances
Derivative Assets 28 0.1% 83 0.3% 55 196.4%
Right-of-Use Assets - Net 43 0.2% 46 0.2% 3 7.0%
Intangible Assets - Net 199 0.8% 144 0.6% (55) -27.6%
Deferred Tax Assets 152 0.6% 153 0.6% 1 0.7%
Other Assets 2 0.0% 2 0.0% - 0.0%
Total Assets 25,120 100.0% 25,473 100.0% 353 1.4%
In 2025, BFI Finance’s Total Assets increased slightly by 1.4%, or Rp353 billion, compared to 2024, reaching Rp25,473
billion. This growth was driven by an increase in Net Financing Receivables by 1.7%, as well as Net Ijarah and IMBT
Receivables by 9.6%. These two components contributed to the overall growth of Net Receivables, which rose by 1.8%
to Rp22,485 billion, accounting for 88.3% of Total Assets.
Net Receivables
Net Financing Receivables increased by 1.7% from Rp22,013 billion at the end of 2024 to Rp22,394 billion at the end of
2025. This growth was primarily driven by Used Cars Financing, Motorcycles Financing, and Property Financing.
The Company also recorded a 9.6% increase in Net Ijarah and IMBT Receivables, rising from Rp83 billion to Rp91 billion
at the end of 2025. As a result, total Net Receivables grew by 1.8% in 2025, reaching Rp22,485 billion by year-end. The
following table reconciles the Company’s Total Managed Receivables with the Net Receivables figures for the years
2024 and 2025.
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Table 21 | Managed Receivables vs. Net Receivables
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Financing Receivables 24,046 26,189 2,143 8.9%
Ijarah and IMBT Receivables 87 94 7 8.0%
Total Managed Receivables 24,133 26,283 2,150 8.9%
Less Joint Financing - booked
(1,219) (2,814) (1,595) 130.8%
by third parties
Total Receivables Before
Allowance for Impairment 22,914 23,469 555 2.4%
Losses
Less Allowance for
(818) (984) (166) 20.3%
Impairment Losses
Total Receivables - Net 22,096 22,485 389 1.8%
Total Managed Receivables comprise On-Balance Sheet and Off-Balance Sheet Receivables managed by the Company
before taking into account the Allowance for Impairment Losses. The Total Managed Receivables in 2025 increased by
8.9%, reaching Rp26,283 billion, compared to Rp24,133 billion in 2024. This growth was primarily driven by 8.9% increase
in Financing Receivables and 8.0% rise in Ijarah and IMBT Receivables.
In line with the aforementioned increase, the Company strengthened the Allowance for Impairment Losses by 3.7%
of the Total Managed Receivables, or equivalent to Rp984 billion. This measure was taken to preserve asset quality in
potential credit risks amid dynamic market conditions caused by macroeconomic challenges. This step also reflects
BFI Finance’s commitment to prudent risk management, ensuring business sustainability, and protecting the interests
of shareholders and creditors in an increasingly competitive financing industry.
After taking into account the Allowance for Impairment Losses and the Joint Financing transactions recorded off-
balance sheet, the value of Net Receivables reached Rp22,485 billion, growing by 1.8% from 2024’s figure.
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Table 22 | Diversification of Managed Receivables by Asset Type
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Used Cars Financing 15,770 17,346 1,576 10.0%
New Cars Financing 807 613 (194) -24.0%
Cars Financing 16,577 17,959 1,382 8.3%
Heavy Equipment Financing 3,734 3,928 194 5.2%
Motorcycles Financing 1,675 2,027 352 21.0%
Property Financing 1,202 1,452 250 20.8%
Sharia Financing 747 812 65 8.7%
Channeling 198 105 (93) -47.0%
Total Managed Receivables 24,133 26,283 2,150 8.9%
Percentage of Total
Used Cars Financing 65.4% 66.0% n/a 0.6%
New Cars Financing 3.3% 2.3% n/a -1.0%
Cars Financing 68.7% 68.3% n/a -0.4%
Heavy Equipment Financing 15.5% 15.0% n/a -0.5%
Motorcycles Financing 6.9% 7.7% n/a 0.8%
Property Financing 5.0% 5.5% n/a 0.5%
Sharia Financing 3.1% 3.1% n/a 0.0%
Channeling 0.8% 0.4% n/a -0.4%
Total 100.0% 100.0%
The largest portion of Total Managed Receivables in 2025, amounting to Rp17,959 billion or 68.3% of the total, was
from Cars Financing. The Used Cars Financing portfolio recorded Rp17,346 billion, growing 10.0%, while the New
Cars Financing segment decreased by 24% to Rp613 billion. The remaining 31.7% of the total value came from Heavy
Equipment Financing (15.0%), followed by Motorcycles Financing (7.7%), Property-Backed Financing (5.5%), Sharia
Financing (3.1%), and Channeling Financing (0.4%).
Managed Receivables – Cars
The share of Used Cars Financing and New Cars Financing in Total Managed Receivables in 2025 was 66.0% and 2.3%,
respectively. The Company’s Cars financing consists of two types, namely passenger vehicles (Minibus/MPV, Jeep,
Sedan) at 79.1%, and commercial vehicles (Truck, Pick-up, Bus) at 20.9%.
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The Cars Financing portfolio in 2025 was still dominated by Japanese brands. Only 4.1% of the Company’s total Cars
Financing came from brands originating from other countries. With 34.4% share of total Cars Financing, Toyota
remained the primary contributor, followed by Mitsubishi, Daihatsu, Honda, and Suzuki, at 16.1%, 14.9%, 13.8%, and 7.4%,
respectively.
Managed Receivables – Motorcycles
Total Managed Receivables – Motorcycles stood at Rp2,027 billion by the end of 2025, an increase from Rp1,675 billion
in 2024. This increase primarily occurred in Honda-branded motorcycles by 23.6% from the previous year to Rp1,411
billion, followed by Yamaha by 15.2% increase to Rp552 billion, and other brands by 35.3% to Rp46 billion. The value of
Managed Receivables secured by Suzuki motorcycles was recorded to have decreased by 10.0%, from Rp20 billion in
2024 to Rp18 billion in 2025.
Managed Receivables – Heavy Equipment, Machinery, Other Equipment
Total Managed Receivables from Heavy Equipment, Machinery, and Other Equipment Financing totaled Rp3,928
billion by the end of 2025, increasing by 5.2% or Rp194 billion compared to the end of 2024.
This growth was driven by portfolio growth of the types of equipment that dominate the Total Managed Receivables
in this sector, namely Excavators, which recorded an increase at Rp41 billion or 2.6%, and Trucks increased at Rp32
billion, or 4.1% compared to 2024. Forklifts and Wheel Loaders also recorded an increase significantly, by 33.9% and
20.5% respectively, in line with the expansion of financing services that support the operational activities of business
actors in this sector.
The Machinery segment also showed strong expansion with growth of Rp154 billion or 24.4%, as well as other categories
which grew 13.3%, reflecting solid financing diversification.
However, the portion of Heavy Equipment, Machinery, and Other Equipment to the Total Managed Receivables
decreased slightly from 15.5% to 15.0%, as a result of the Company’s caution in distributing financing amidst the
challenges of economic and industrial growth in 2025.
From an industry perspective, the highest growth in the financing portfolio, at Rp232 billion, or 55.1%, was reported in
the Plantation sector, which accounted for 16.6%. The Industry and Manufacturing sectors also recorded an increase
at Rp85 billion, or 18.5%. Meanwhile, the Mining sector, despite experiencing an 11.2% decline, remained the largest
contributor, accounting for 26.7% of the total financing portfolio
Table 23 | Diversification of Heavy Equipment, Machinery, and Other Equipment Financing Portfolio by Type of Equipment
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Excavator 1,556 1,597 41 2.6%
Truck 787 819 32 4.1%
Bulldozer 252 226 (26) -10.3%
Wheel Loader 78 94 16 20.5%
Forklift 56 75 19 33.9%
Other Heavy Equipment 359 315 (44) -12.3%
Total Heavy Equipment 3,088 3,126 38 1.2%
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Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Machinery 631 785 154 24.4%
Others 15 17 2 13.3%
Total 3,734 3,928 194 5.2%
Percentage of Total
Excavator 41.7% 40.7% n/a -1.0%
Truck 21.1% 20.8% n/a -0.3%
Bulldozer 6.7% 5.8% n/a -0.9%
Wheel Loader 2.1% 2.4% n/a 0.3%
Forklift 1.5% 1.9% n/a 0.4%
Other Heavy Equipment 9.6% 8.0% n/a -1.6%
Total Heavy Equipment 82.7% 79.6% n/a -3.1%
Machinery 16.9% 20.0% n/a 3.1%
Others 0.4% 0.4% n/a 0.0%
Total 100.0% 100.0%
Table 24 | Diversification of Heavy Equipment, Machinery, and Other Equipment Financing Portfolio by Industry
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Mining 1,182 1,050 (132) -11.2%
Construction 815 659 (156) -19.1%
Plantation 421 653 232 55.1%
Industrial and Manufacturing 459 544 85 18.5%
Forestry 421 463 42 10.0%
Services 215 266 51 23.7%
Trade and Distribution 94 107 13 13.8%
Others 127 186 59 46.5%
Total 3,734 3,928 194 5.2%
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Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Percentage of Total
Mining 31.6% 26.7% n/a -4.9%
Construction 21.8% 16.8% n/a -5.0%
Plantation 11.3% 16.6% n/a 5.3%
Industrial and Manufacturing 12.3% 13.9% n/a 1.6%
Forestry 11.3% 11.8% n/a 0.5%
Services 5.8% 6.8% n/a 1.0%
Trade and Distribution 2.5% 2.7% n/a 0.2%
Others 3.4% 4.7% n/a 1.3%
Total 100.0% 100.0%
Managed Receivables – Property-Backed Financing
By the end of 2025, Total Managed Receivables in the Property-Backed Financing segment reached Rp1,452 billion,
marking a 20.8% increase from the position at the end of 2024. This was dominated by the tangible portfolio of Houses
with a share of 92.8%, which increased by Rp220 billion throughout 2025. Meanwhile, Shophouses accounted for 7.2%
of the total portfolio, growing by 40.5% or equivalent to Rp30 billion during the current year.
Meigie Reanny Yuditha
Property Financing Consumer
Tangerang Selatan, Banten
In 2018, I chose BFI Finance as my Property Financing partner for my culinary business. I experienced
firsthand their fast, secure process, as well as their competitive fees and interest rates. Their team
coordinated very well and provided the best solutions when there were certain challenges, especially
during the pandemic. Thank you, BFI Finance, for supporting my business development so that it
continues growing today.
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Graph 8 | Composition of Property Types in Financing Portfolio (Rp billion)
2024 2025
House House
1,128 1,348
Shophouse Shophouse
74 104
Total Total
1,202 1,452
6.2 7.2
% %
93.8 92.8
House Shophouse
Managed Receivables – Ijarah and IMBT (Ijarah Muntahiyah Bittamlik)
By the end of 2025, the balance of Ijarah and IMBT Receivables was recorded at
Rp94 billion, an 8.0% increase compared to the previous year. This is in line with
the performance of the Sharia Financing segment, which continued to show
growth throughout 2025.
Managed Receivables – Channeling
Total Channeling Financing refers to financing provided through the
Company’s P2P lending subsidiary, PT FIT, where BFI Finance, as the parent
company, acts as the lender. This segment of financing declined from Rp198
billion in 2024 to Rp105 billion in 2025, in line with the decrease in the number
of parties financed by PT FIT.
Joint Financing Receivables
Total Joint Financing Receivables as at the end of 2025 stood at Rp2,814 billion,
arising from the joint financing in partnership with PT Bank Jago Tbk (Bank
Jago). This amount was included in the Company’s Managed Receivables but
was not part of the Net Financing Receivables, as the transaction was recorded
off-balance sheet. Detailed information regarding the Joint Financing
transactions with Bank Jago is presented on page 129.
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Governance Statements
Allowance for Impairment Losses
As previously mentioned, the Company recorded a 20.3% increase in the Allowance for Impairment Losses, equivalent
to Rp166 billion. The total amount rose from Rp818 billion in 2024 to Rp984 billion in 2025. This increase was made as a
precautionary measure to mitigate potential credit risks amid dynamic market conditions driven by macroeconomic
challenges. The current level of allowance stands at 3.7% of Total Managed Receivables. The Company’s NPF Coverage
was recorded at 2.7x, above the financing industry average.
As at 31 December 2025, the amount of financing that had exceeded 90 days past due stood at Rp365 billion, or
equivalent to 1.39% of the Company’s Total Managed Receivables.
Table 25 | Allowance for Impairment Losses
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Total Managed Receivables 24,133 26,283 2,150 8.9%
NPF (including Joint
301 365 64 21.3%
Financing)
Allowance for Impairment
818 984 166 20.3%
Losses
NPF Coverage 2.7x 2.7x
Cash and Cash Equivalents
The Cash and Cash Equivalents at the end of 2025 stood at Rp1,552 billion, a decrease of Rp62 billion or 3.8% from
Rp1,614 billion at the end of 2024. This decline was primarily due to cash usage for Financing Activities amounting to
Rp1,332 billion, which primarily consisted of dividend payments on outstanding shares of Rp1,001 billion and purchases
of treasury shares of Rp147 billion, as well as for Investment Activities of Rp144 billion.
Despite the decrease, the Cash and Cash Equivalents balance at the end of 2025 remained highly adequate and robust
to support the Company’s financing needs and liquidity
Other Receivables – Third Parties
The Company recorded Other Receivables – Third Parties in various forms, including Receivables in the Settlement
Process – Net (the book value of collateral assets returned by or repossessed from customers who are unable to
continue paying the installments), Customer Installment Receipt Receivables (payments made by customers and
received by BFI Finance’s payment partners, which will only be credited to the Company’s bank account on the next
business day), Employee Receivables, and Insurance Premium.
The amount of Other Receivables recorded as at 31 December 2025 was Rp315 billion, an increase of 7.5% from Rp293
billion at the end of 2024. This increase was driven by a rise in Receivables in the Settlement Process – Net, which grew
by Rp23 billion or 11.3% from the previous year. This was due to the increase in repossessions and handovers of the
collateralized assets by customers, in keeping with the decline in purchasing power in society, affecting the ability to
meet financing installment payments.
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Table 26 | Other Receivables – Third Parties
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Receivables in the Settlement
203 226 23 11.3%
Process - Net
Employee Receivables 46 44 (2) -4.3%
Customer Installment
39 42 3 7.7%
Receipt Receivables
Insurance Premium 2 1 (1) -50.0%
Others 3 2 (1) -33.3%
Total 293 315 22 7.5%
Prepaid Expenses and Advances
Total Prepaid Expenses and Advances as at 31 December 2025 amounted to Rp25 billion, an increase of 25.0% from
Rp20 billion as at the end of 2024. This increase was primarily due to an increased advance payments for IT projects
that support digital transformation throughout 2025.
Table 27 | Prepaid Expenses and Advances
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
IT Project Implementation 15 19 4 26.7%
Interest 1 2 1 100.0%
Loan Access Bureau - 2 2 n/a
Others 4 2 (2) -50.0%
Total 20 25 5 25.0%
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Governance Statements
Fixed Assets – Net
BFI Finance’s Fixed Assets – Net as at 31 December 2025 amounted Rp668 billion, down 0.7% from Rp673 billion at the
end of 2024. This decline was primarily due to the sales and renewal of the Company’s operational vehicles.
Right-of-Use Assets – Net
The total Right-of-Use Assets – Net as at 31 December 2025 reached Rp46 billion, an increase of 7.0% from Rp43 billion
at the end of 2024 due to the renewal of lease agreements for several branch office locations, extending their lease
periods beyond 12 months.
Intangible Assets – Net
As at 31 December 2025, Intangible Assets – Net was recorded at Rp144 billion, a 27.6% decrease compared to Rp199
billion in the previous year. This decline was attributed to the amortization expense recorded during the year.
Deferred Tax Assets
As at 31 December 2025, Deferred Tax Assets were recorded at Rp153 billion, increasing by 0.7% from Rp152 billion at
the end of 2024. This growth was primarily driven by timing differences in the Allowance for Impairment Losses on
Financing Receivables, which constituted the largest component of Deferred Tax Assets.
Derivative Assets
Derivative Assets increased by 196.4% from Rp28 billion as at 31 December 2024 to Rp83 billion as at 31 December
2025. These Derivative Assets originate from the Company’s swap agreements to hedge loans in foreign currencies—
especially foreign loans denominated in US dollars—as one of its funding sources, to anticipate interest rate risk and
currency exchange rate risk.
Increases or decreases in Derivative Assets have no impact on the Company’s performance, as these assets are
purely derived from the Company’s hedging activities. The Company implements a strict hedging policy for loans
denominated in foreign currencies and with floating interest rates. All hedging activities take place through currency
swap agreements with leading banks. Hedging is carried out on all loans in foreign currency. There are no financial
components exposed to foreign currency risk and interest rate risk.
Liabilities
Table 28 | Total Liabilities
Comparison with Last
Year
Description (Rp billion) 2024 % 2025 %
Total Percentage
Fund Borrowings 10,823 72.4% 10,370 70.0% (453) -4.2%
Securities Issued - Net 2,936 19.7% 3,225 21.8% 289 9.8%
Accrued Expenses 301 2.0% 276 1.9% (25) -8.3%
Taxes Payable 173 1.2% 184 1.2% 11 6.4%
Other Payables 555 3.7% 592 4.0% 37 6.7%
Employment Benefits
150 1.0% 172 1.1% 22 14.7%
Liabilities
Total 14,938 100.0% 14,819 100.0% (119) -0.8%
BFI Finance’s Total Liabilities as at 31 December2025 reached Rp14,819 billion, a slight decrease by 0.8% from Rp14,938
billion as at 31 December 2024. The largest component of liabilities at the end of 2025 was Fund Borrowings, accounting
for 70.0% of Total Liabilities.
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Table 29 | Source of Funds
Comparison with Last
Year
Description (Rp billion) 2024 % 2025 %
Total Percentage
Fund Borrowings
Foreign Currency Borrowings 2,781 25.7% 2,438 23.5% (343) -12.3%
Rupiah Borrowings 8,042 74.3% 7,932 76.5% (110) -1.4%
Total Fund Borrowings 10,823 100.0% 10,370 100.0% (453) -4.2%
Securities Issued
Bonds Payable 2,936 100.0% 3,225 100.0% 289 9.8%
Total Securities Issued - Net 2,936 100.0% 3,225 100.0% 289 9.8%
Total Source of Funds 13,759 13,595 (164) -1.2%
Fund Borrowings
As at 31 December 2025, Borrowings balance stood at Rp10,370 billion, representing a 4.2% decrease from Rp10,823
billion at the end of 2024. This decrease was primarily due to a decrease in Bank Loans denominated in Rupiah by
Rp110 billion and a decrease in Bank Loans denominated in Foreign Currency by Rp343 billion. Currently, the amount
of borrowings denominated in Rupiah stood at Rp7,932 billion, representing 76.5% of Total Fund Borrowings, With the
remaining Rp2,438 billion or 23.5% were denominated in USD.
Securities Issued
Aside from bank loans, BFI Finance also obtains funding from the debt securities market in the form of Rupiah Bonds.
Throughout 2025, the Company issued one debt security during the year, namely Obligasi Berkelanjutan VI BFI
Finance Indonesia Tahap II Tahun 2025, with a total issuance of Rp1,000 billion. The issuance amount was adjusted
based on the Company’s funding needs. In 2025, the Company also fully repaid the securities that had matured in the
year, with a total amount of Rp712 billion. This brought the amount of Securities Debt Issued – Net as at 31 December
2025 to Rp3,225 billion, representing a 9.8% increase from Rp2,936 billion at the end of 2024.
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Table 30 | Securities Issued
Description (Rp billion) 2024 2025
Bonds
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap III Tahun 2023 483 256
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap IV Tahun 2023 1,010 625
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap V Tahun 2023 850 850
Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap I Tahun 2024 600 500
Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap II Tahun 2025 - 1,000
Total Nominal Value 2,943 3,231
Less Unamortized Bonds Issuance Cost (7) (6)
Total - Net 2,936 3,225
Total Securities Issued 2,936 3,225
Joint Financing
As one of the funding sources for BFI Finance, currently the Company has a Joint Financing agreement with Bank Jago.
Under this arrangement, BFI Finance together with Bank Jago acted as funding providers for financing disbursed
to customers who met specific criteria, with the ratio of financing in the scheme being 1:99 for the Company and
Bank Jago, respectively. The Company acts as a servicer in such transactions, and it is responsible for among others
managing the documentation and administration of each customer, as well as performing collection on customers
failing to make timely payments.
This Joint Financing arrangement is conducted on a without recourse basis, meaning the Company merely forwards
customer payments to the bank according to the financing ratio, and has no obligation to repay or remit the principal
or interest installments to the joint financing provider in the event of customer default.
The balance of Joint Financing Agreement as at the end of 2025 recorded as Bank Jago’s portion reached Rp2,814
billion, marking an increase of Rp1,595 billion from Rp1,219 billion at the end of 2024.
Taxes Payable
Tax Payable as at 31 December 2025 reached Rp184 billion, marking a 6.4% increase from Rp173 billion at the end of
2024. This increase was primarily affected by the Estimated Corporate Income Tax (Article 29) for the 2025 Fiscal Year.
Accrued Expenses
Accrued Expenses are expenses consisting of Bonus and Other Allowances, Interest, Professional Fees, and Others. As
at 31 December 2025, Accrued Expenses were recorded at Rp276 billion, an 8.3% decrease compared to Rp301 billion in
the previous year. The main driver of this decline was a reduction in Bonuses and Other Allowances, as well as Interest
payable at the end of 2025.
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Table 31 | Accrued Expenses
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Bonus and Other Allowances 201 181 (20) -10.0%
Interest 57 43 (14) -24.6%
Professional Fees 3 6 3 100.0%
Others 40 46 6 15.0%
Total 301 276 (25) -8.3%
Other Payables
Other Payables mainly consisted of Customer Deposits, Payables to Suppliers, Insurance Premium, and Others. Total
Other Payables as at 31 December 2025 was amounted to Rp592 billion, representing a 6.7% increase compared to the
previous year due to growth in Customer Deposits and Others.
Table 32 | Other Payables
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Customer Deposits 273 292 19 7.0%
Payables to Suppliers 142 124 (18) -12.7%
Insurance Premium 60 46 (14) -23.3%
Others 80 130 50 62.5%
Total 555 592 37 6.7%
Employment Benefit Liabilities
Employment Benefit Liabilities are the Company’s obligation to fulfill the rights of employees who worked until
retirement, or sooner, in accordance with applicable labor regulations. The Company’s Employment Benefits Liabilities
as at 31 December 2025 showed an increase of 14.7%, from Rp150 billion at the end of 2024 to Rp172 billion. This increase
was based on actuarial calculations, influenced by several factors, including the discount rate, salary increases, financial
assumptions, and other considerations.
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Equity
Table 33 | Total Equity
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Share Capital 399 376 (23) -5.8%
Additional Paid-in Capital -
610 400 (210) -34.4%
Net
Treasury Stock (233) (147) 86 -36.9%
Other Comprehensive Income
Cumulative Loss on
Derivative Instrument for (65) (30) 35 -53.8%
Cash Flows Hedges - Net
Gain on Remeasurement of
Defined Benefit Actuarial 75 78 3 4.0%
Program
Retained Earnings
Appropriated 125 130 5 4.0%
Unappropriated 9,271 9,847 576 6.2%
Total 10,182 10,654 472 4.6%
BFI Finance’s Total Equity as at 31 December 2025 increased by 4.6% to Rp10,654 billion. The largest increase in Equity
was driven by Retained Earnings balance, derived from the Company’s Profit for the Year less the payment of 2025
Interim Cash Dividend.
Share Capital
During the reporting period, the Company cancelled 927,732,000 (100%) of its Treasury Shares with total value of Rp233
billion, effectively reducing its Share Capital and Additional Paid-in Capital.
Additional Paid-in Capital – Net
Throughout 2025, Additional Paid-in Capital – Net decreased by 34.4% from Rp610 billion to Rp410 billion due to the
withdrawal of all 927,732,000 remaining Treasury Shares of the Company, as explained above.
Treasury Stock
As of 31 December 2025, the Company held 190 million shares in Treasury Stock, equivalent to 1.26% of the total
outstanding shares and amounting to Rp147 billion.
The total Treasury Stock as at 31 December 2025 and 2024 was Rp233 billion.
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Retained Earnings
The Company’s total Retained Earnings at the end of 2025 reached Rp9,977 billion, reflecting a 6.2% increase from
Rp9,396 billion at the end of 2024. This amount consisted of Appropriated Retained Earnings of Rp130 billion and
Unappropriated Retained Earnings of Rp9,847 billion.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
Income
The Company’s Income was derived from Financing Income (93.0% of the total), Sharia Income (2.4%), and the
remainder from Other Income.
Total Income increased by 6.5% or Rp413 billion, from Rp6,335 billion in 2024 to Rp6,748 billion in 2025. This increase
was primarily due to a Rp394 billion increase in Financing Receivables Income, as well as an additional contribution
from Sharia Financing Income which increased by Rp17 billion.
Table 34 | Income
Perbandingan Tahun Sebelumnya
Keterangan (Rp miliar) 2024 2025
Jumlah Persentase
Income
Financing Receivables
Financing Income 4,385 4,741 356 8.1%
Administration 851 912 61 7.2%
Late Charges 361 369 8 2.2%
Termination 286 255 (31) -10.8%
Total Financing Receivables
5,883 6,277 394 6.7%
Income
Sharia Financing 147 164 17 11.6%
Total Financing Income 6,030 6,441 411 6.8%
Other Income 305 307 2 0.7%
Total Income 6,335 6,748 413 6.5%
Financing Income
Total Financing Income (excluding Joint Financing) in 2025 was recorded at Rp6,441 billion, increase of 6.8% from
Rp6,030 billion in 2024. Financing Income consists of Interest Income from Financing Activities, Administration
Income, Late Charges, and Termination Income.
The largest component was Financing Income, amounting to Rp4,741 billion, which increased by 8.1% compared to
2024. Administrative Income also experienced a 7.2% growth to Rp912 billion, while Late Charges rose by 2.2% to Rp369
billion in 2025. On the other hand, Termination Income decreased by Rp31 billion to Rp255 billion in 2025.
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Table 35 | Financing Income by Asset Type
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Breakdown by Asset Type
Used Cars Financing 3,963 4,226 263 6.6%
Motorcycles Financing 961 1,024 63 6.6%
Heavy Equipment Financing 541 597 56 10.4%
Property Financing 222 276 54 24.3%
Sharia Financing 147 164 17 11.6%
New Cars Financing 154 127 (27) -17.5%
Channeling 42 27 (15) -35.7%
Total Financing Income 6,030 6,441 411 6.8%
Percentage of Asset Type
Used Cars Financing 65.7% 65.6% n/a -0.1%
Motorcycles Financing 15.9% 15.9% n/a 0.0%
Heavy Equipment Financing 9.0% 9.3% n/a 0.3%
Property Financing 3.7% 4.3% n/a 0.6%
Sharia Financing 2.4% 2.5% n/a 0.1%
New Cars Financing 2.6% 2.0% n/a -0.6%
Channeling 0.7% 0.4% n/a -0.3%
Total 100.0% 100.0%
Upon further analysis by Asset Type, the highest contribution in 2025 came from Used Cars Financing, amounting to
Rp4,226 billion. This amount is equivalent to 65.6% of total Financing Income, and this figure increased by 6.6% from
Rp3,963 billion in 2024.
Financing Income from other segments showed an upward trend. Motorcycles Financing, Heavy Equipment Financing,
Property Financing, and Sharia Financing, also recorded income growth in 2025, with the highest proportional increase
of 24.3% amounting to Rp54 billion contributed by Property Financing.
Conversely, Financing Income from New Cars Financing declined by 17.5% to Rp127 billion in 2025. Income from
Channeling also decreased by Rp15 billion or 35.7% to Rp27 billion in the same period.
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Other Income
Other Income includes all non-core sources of income originating from the Company’s main activities outside of
financing activities, namely Recovery on Written-off Receivables, Bank Interest (Finance), Gain on Sale of Fixed Assets
- Net, and Others.
Total Other Income in 2025 remains relatively unchanged at Rp307 billion, a slight increase of 0.7% from Rp305 billion
in 2024.
Expenses
Table 36 | Expenses
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Salaries and Benefits 1,517 1,517 - 0.0%
Interest and Financing
931 940 9 1.0%
Charges
General and Administrative 875 898 23 2.6%
Provision for Impairment
850 1,091 241 28.4%
Losses
Others 235 329 94 40.0%
Total 4,408 4,775 367 8.3%
Percentage of Expenses
Salaries and Benefits 34.4% 31.8% n/a -2.6%
Interest and Financing
21.1% 19.7% n/a -1.4%
Charges
General and Administrative 19.9% 18.8% n/a -1.1%
Provision for Impairment
19.3% 22.8% n/a 3.5%
Losses
Others 5.3% 6.9% n/a 1.6%
Total 100.0% 100.0%
Total expenses were recorded at Rp4,775 billion in 2025, an increase of Rp367 billion or 8.3% from Rp4,408 billion in
2024. The greatest rise in Expenses was derived from a Rp241 billion or 28.4% increase in Provision for Impairment
Losses, followed by an increase in Others by Rp94 billion or 40.0%, General and Administrative by Rp23 billion or 2.6%,
and Interest and Finance Charges by Rp9 billion or 1.0%.
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Salaries and Benefits
Salaries and Benefits made up the largest portion of Expenses, and comprising 31,8% of all Expenses paid by the
Company in 2025. This component consists of all salaries and benefits paid throughout the year, including all types
of employee benefits such as performance bonuses, employee benefits, along with the associated taxes and pension
compensations, which have been determined in accordance with applicable accounting standards.
The value of Salaries and Benefits in 2025 was recorded as the same as last year’s value, Rp1,517 billion, but their portion
of Expenses decreased from 34.4% to 31.8%.
Interest and Financing Charges
Interest and Financing Charges originated from the Company’s funding activities, both through Bank Loans and
Securities Issued, as well as related costs and expenses.
Interest and Financing Charges in 2025 were recorded at Rp940 billion, a slight increase of Rp9 billion or 1.0% from
their value in 2024.
Table 37 | Borrowings, Interest and Financing Charges, and Cost of Funds
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Fund Borrowings 10,823 10,370 (453) -4.2%
Securities Issued - Net 2,936 3,225 289 9.8%
Total Borrowings 13,759 13,595 (164) -1.2%
Interest and Financing
931 940 9 1.0%
Charges
General and Administrative Expenses
General and Administrative Expenses consist of expenses paid to support the Company’s operational activities and
business growth. In 2025, General and Administrative Expenses increased by Rp23 billion or 2.6% to Rp898 billion.
Provision for Impairment Losses
Provision for Impairment Losses is the value set aside based on an evaluation of the value of the Company’s Financing
Receivables, both individually and collectively, which is calculated on a monthly basis to ensure the adequacy of
Allowance for Impairment Losses in Receivables stated in the Statement of Financial Position, which represents fair
value according to the standard applicable accounting standards (IFRS 9/PSAK 71).
Provision for Impairment Losses in 2025 increased significantly by Rp241 billion, or 28.4%, from Rp850 billion in 2024
to Rp1,091 billion. This was related to the increase in Total Managed Receivables by 8.9% during the year and the
increasing potential credit risk.
Other Expenses
Other Expenses consist of expenses that are not routine in nature or directly support the Company’s operational
activities and business growth.
In 2025, Other Expenses were dominated by Written-off Receivables in Settlement Process, accounting for 96.0% of
total Other Expenses. This component increased significantly by Rp86 billion, or 37.4%, resulting in an overall increase
in Other Expenses to Rp329 billion, or 40.0% compared to 2024.
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Table 38 | Other Expenses
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Written-off Receivables in the
230 316 86 37.4%
Settlement Process
Net Loss on Disposal of
5 7 2 40.0%
Intangible Assets
Provision for Impairment
Losses of Receivables in the - 6 6 n/a
Settlement Process
Total 235 329 94 40.0%
Profit for the Year
The Company’s Profit for the Year in 2025 increased by 1.0% or Rp16 billion compared to 2024, from Rp1,565 billion to
Rp1,581 billion. This increase was achieved after the Company recorded an Income Tax Expense of Rp392 billion, an
increase of Rp30 billion from the previous year. The profit increase was due to Income growth during the current year
of Rp413 billion, as explained in the previous sections.
Meanwhile, the Company’s subsidiary, PT FIT, recorded a loss for the year amounting to Rp35 billion in 2025, compared
with a loss of Rp14 billion recorded in 2024.
Table 39 | Profit for the Year
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Profit Before Tax 1,927 1,973 46 2.4%
Tax Expense 362 392 30 8.3%
Profit for the Year 1,565 1,581 16 1.0%
Tax Expense Ratio 18.8% 19.9% n/a 1.1%
The income tax rate for the Company in 2024 and 2025 was 19%, lower than the standard rate of 22%, since the Company
met the following criteria:
■ At least 40% of the shares issued are owned by the public;
■ The public must consist of a minimum of 300 individuals, each holding less than 5% of the issued shares; and
■ Both of these conditions must be fulfilled for at least six months (183 days) within in one tax year.
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Comprehensive Income for the Year
In 2025, the Total Comprehensive Income for the Year was recorded at Rp1,620 billion, an increase of 7.4% compared
to Rp1,509 billion in 2024. This growth was mainly driven by two factors: first, an increase in Profit for the Year of Rp16
billion; and second, a reversal in Other Comprehensive Income after tax, which recorded a profit of Rp39 billion in 2025,
compared to a loss of Rp56 billion in the previous year.
The increase in Other Comprehensive Income was primarily attributable to adjustments in cash flow hedging
instruments for foreign currency borrowings, following the appreciation of the exchange rate as of 31 December 2025,
compared to 31 December 2024, as well as Mark-to-Market valuations provided by the respective partner banks.
Table 40 | Comprehensive Income for the Year
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Profit for the Year 1,565 1,581 16 1.0%
Other Comprehensive (Loss)
(56) 39 95 -169.6%
Income - Net of Tax
Total Comprehensive
1,509 1,620 111 7.4%
Income for the Year
Basic Earnings per Share
Although Profit for the Year increased by 1.0% in 2025, BFI Finance’s Basic Earnings per Share was recorded to have
changed compared to the previous year, at Rp103 per share.
Agustiana
Car Financing Consumer
Palu, Central Sulawesi
I first used BFI Finance’s financing facility in 2022. At that time, I needed capital to establish my
business, and BFI Finance processed my application in a fast and excellent service. Overall, I was very
satisfied with the service provided and hope that the Company will continue to maintain this quality.
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Highlights and Analysis
CONSOLIDATED STATEMENT OF CASH FLOWS
BFI Finance’s Cash Flows are classified into Operating, Investing and Financing Activities.
Table 41 | Statement of Cash Flows
Comparison with Last Year
Description (Rp billion) 2024 2025
Total Percentage
Cash and Cash Equivalents at
1,740 1,614 (126) -7.2%
Beginning of Year
Net Cash Flows from
489 1,414 925 189.2%
Operating Activities
Net Cash Flows for Investing
(105) (144) (39) 37.1%
Activities
Net Cash Flows for Financing
(510) (1,332) (822) 161.2%
Activities
Net Decrease in Cash and
(126) (62) 64 -50.8%
Cash Equivalents
Cash and Cash Equivalents at
1,614 1,552 (62) -3.8%
End of Year
The Company’s Cash and Cash Equivalents decreased by Rp62 billion during 2025, ending the year at Rp1,552 billion.
These changes in Cash and Cash Equivalents are detailed below.
Cash Flows from Operating Activities
Cash Flows from Operating Activities used to fund the Company’s business, especially the disbursement of new
financing. Net Cash Flows from Operating Activities in 2025 was recorded at Rp1,414 billion, a significant increase of
189.2% from Rp489 billion in 2024.
Cash Flows from Investing Activities
Cash Flows from Investing Activities originate from gains and losses related to investing activities and capital
expenditures. Net Cash Flows for Investing Activities in 2025 reached Rp144 billion, Rp39 billion higher than the
amount spent in 2024 due to an increase in the acquisition of fixed assets, especially in the Company’s operational
vehicles during 2025.
Cash Flows from Financing Activities
Cash Flows from Financing Activities refer to financing transactions, including new funding, debt repayment, and
payments of maturing interests. Net Cash Flows from Financing Activities rose sharply from Rp510 billion in 2024 to
Rp1,332 billion in 2025. This was due to higher repayments of borrowings, interim cash dividends for the 2025 financial
year which exceeded the proceeds from new borrowings compared to 2024, and the repurchase of treasury shares
during 2025.
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ANALYSIS OF KEY RATIOS
Table 42 | Financial Ratios
Ratios 2024 2025 Industry Average
ROA 8.0% 7.9% 4.2%*
ROE 15.7% 14.8% 10.7%*
Profit for the Year / Total Income 24.7% 23.4% 15.2%**
* Source: Statistics of Indonesian Financing Institutions as of 31 December 2025 issued by OJK
** Source: Statistics of Indonesian Financing Institutions as of 31 August 2025 issued by OJK
Ratios 2024 2025 Industry Average
Solvency
Liabilities-to-Assets Ratio 0.6x 0.6x n/a
Liabilities-to-Equity Ratio 1.5x 1.4x n/a
Gearing Ratio 1.4x 1.3x 2.2x*
Corporate Credit Ratings AA-(idn) AA-(idn) AA-(idn)
* Source: Statistics of Indonesian Financing Institutions as of 31 December 2025 issued by OJK
OJK
Ratios 2024 2025 Industry Average*
Requirement
Financing-to-Assets Ratio (FAR) ≥ 40% 88.0% 88.3% 86.0%
Financing-to-Debt Ratio ≥ 50%** 160.6% 165.4% 133.6%
Investment and Working Capital
Financing to Total Financing ≥ 10% 77.4% 72.3% 43.7%
Ratio
Non-Performing Financing Ratio
≤ 5% 1.25% 1.39% 2.51%
- Gross
Non-Performing Financing Ratio
≤ 5% 0.21% 0.22% 0.77%
- Net
Capital Ratio ≥ 10% 67.2% 68.3% n/a
Gearing Ratio ≤ 10x 1.4x 1.3x 2.2x
Equity-to-Paid-up-Capital Ratio ≥ 50% 2,550.7% 2,833.4% 320.2%
* Source: Statistics of Indonesian Financing Institutions as of 31 December 2025 issued by OJK
** The target set by management is in accordance with POJK No. 35/POJK.05/2018
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Highlights and Analysis
PROFITABILITY
BFI Finance recorded a solid level of profitability in 2025 at Rp1,581 billion, up by 1.0% from Rp1,565 billion in 2024.
Average Return on Assets (ROA) in 2025 was recorded at 7.9%, down by 0.1% from 8.0% in 2024, yet it remained higher
than the industry average in Indonesia, which stood at 4.2%.
Average Return on Equity (ROE) also decreased from 15.7% to 14.8% over the same period. Similar to ROA, the
Company’s ROE remained above the industry average in Indonesia, which was 10.7%.
DEBT REPAYMENT ABILITY
The Company’s ability to pay debt is measured by the following criteria:
■ Asset Solvency Ratio to measure the amount of Assets financed using Liabilities;
■ Liquidity Ratio to measure the ability to meet Current Liabilities using Current Assets;
■ Gearing Ratio to measure Debt-to-Equity Ratio; and
■ Rating results by accredited credit rating agencies
The Company’s solvency ratios at the end of 2025 remained unchanged from the end of 2024. The Liability to Asset
Ratio was the same as in 2024 at 0.6x, while the Liability to Equity Ratio decreased slightly from 1.5x to 1.4x and Gearing
Ratio decreased from 1.4x to 1.3x. The Company’s credit rating from Fitch Ratings also remained the same as the
previous year at ‘AA-(idn)’.
RECEIVABLES COLLECTIBILITY LEVEL (ASSET QUALITY)
Table 43 | Receivables Collectibility Level (Asset Quality)
Amount of Receivables
Percentage
(Rp billion)
Description Days Past Due
2024 2025 2024 2025
1 - Current 0 - 10 days 21,291 23,005 88.22% 87.53%
2 - Special Mention 11 - 90 days 2,541 2,913 10.53% 11.08%
3 - Non-current 91 - 120 days 106 107 0.44% 0.41%
4 - Doubtful 121 - 180 days 139 167 0.58% 0.64%
5 - Bad > 180 days 56 91 0.23% 0.34%
Total 24,133 26,283 100.00% 100.00%
Non-NPF 0 - 90 days 23,832 25,918 98.75% 98.61%
NPF > 90 days 301 365 1.25% 1.39%
The Company’s Collectability Ratio in 2025 remained stable compared to the end of 2024. The proportion of Current
Receivables to Total Receivables at the end of 2025 reached 87.53%.
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Gross NPF at BFI Finance was recorded at 1.39%, an increase compared to 1.25% at the end of 2024. However, this figure
remained below industry average in Indonesia, at 2.51%. Meanwhile, net NPF ratio was maintained at around 0.22%,
slightly higher than the 0.21% at the end of 2024. Despite the increase, this achievement was far better than the NPF
provision set by the OJK at less than or equal to 5%.
OTHER RELEVANT FINANCIAL RATIOS
BFI Finance continuously complies with all applicable Bank Indonesia and OJK regulations, including those related to
financial ratios.
On the whole, based on the financial ratios presented in Table 42, the Company’s financial position remained relatively
stable throughout 2025. All of these ratios were better than the industry average and the thresholds set by OJK.
Akbar Arifin
Owner of AA Used Cars Surabaya
Surabaya, East Java
I have thoroughly enjoyed my working experience with BFI Finance. The Company’s main strength lies
in its marketing support, including the provision of exchange facilities that help facilitate our business
operations, especially the BG Junction Exchange Surabaya. The swiftness of processing and quality
of service are the aspects that we most highly appreciate from this collaboration. This collaboration
has been ongoing since November 2024. Moving forward, we hope BFI Finance can continue to
improve its approval speed, responsiveness in delivering calculations and application updates, and the
development of car exchange facilities to further optimize its support for partners.
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Highlights and Analysis
COMPARISON OF ACHIEVEMENTS
AGAINST TARGETS IN 2025
In 2025, BFI Finance contended with the dynamics of Indonesia’s financing industry, which was overshadowed by
increasing risk pressures and changing consumer behavior. Slowdowns in certain segments, particularly New Cars
Financing, and rising credit costs prompted the Company to be more cautious in disbursing financing.
In response to the situation throughout the year, the Company’s operational focus during the period was directed
towards strengthening its core business, particularly Used Cars Financing and Non-Dealer Financing. Simultaneously,
the Company maintained portfolio quality through selective tightening of the underwriting process and more
disciplined credit risk monitoring.
Meanwhile, the Company continued to drive measured growth by capitalizing on opportunities in segments that
demonstrate greater resilience. Motorcycles Financing and Property-Backed Financing recorded strong growth. The
Company is also transforming its processes through digitalization, including strengthening its operational platform
and sharpening its data-driven decision-making.
As a result of these efforts, BFI Finance successfully grew its New Financing by 9,3% in 2025, although this achievement
was slightly below the set target. Revenue increased in line with growth in Financing Receivables, although the
increase in Allowance for Impairment Losses reflects the Company’s anticipatory stance towards potential credit risks
amidst a challenging market.
Through prudent funding management and supported by strict risk management to preserve asset quality, BFI
Finance has been able to maintain performance stability and record profit increases, while sustaining a solid financial
position as a foundation for future growth.
The Company’s performance compared to its 2025 targets is presented in Table 44. Several indicators, including
the NPF and Loan-to-Equity Ratio, exceeded the set targets. This achievement reflects the Company’s discipline in
managing its financing portfolio and the effectiveness of its funding strategy.
Table 44 | Comparison of Achievements Against Targets
Description Target Realization
New Financing Growth 10% above 2024 achievement 9.3%
Net Receivables Growth 4% above 2024 achievement 1.8%
Asset Growth 4% above 2024 achievement 1.4%
Revenue Growth 7% above 2024 achievement 6.5%
Net Profit 12% above 2024 achievement 1.0%
NPF < 2.0% 1.39%
Debt-to-Equity Ratio < 2.0x 1.3x
Dividend Payout Ratio Up to 70% *
* Pending 2026 GMS resolution
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CAPITAL STRUCTURE
MANAGEMENT POLICY ON CAPITAL STRUCTURE
The Company’s articles of association stipulate that the Company’s Authorized Capital is Rp500 billion. The Authorized
Capital consists of 20 billion shares with a nominal value of Rp25 per share. Of the Authorized Capital, 15,967,115,620
shares have been issued and fully paid up.
For capital management, the Company refers to POJK 35/20018 and its amendments, which requires:
■ A minimum capital of Rp100 billion;
■ Minimum equity of 50% of the total Paid-in Capital; and
■ Ratio of Loans received and Bonds issued to Equity of a maximum of 10 times.
Table 45 | Capital Structure
Company Results
Description POJK Requirement
2024 2025
Equity (Rp billion) Minimum Rp100 billion 10,182 10,654
Ratio of Total Equity to Paid-up Capital Minimum 50% 2,550.7% 2,833.4%
Financing-to-Equity Ratio Maximum 10x 1.4x 1.4x
MATERIAL INVESTMENT ON CAPITAL
GOODS
The Company’s Capital Expenditure in 2025 was focused on purchasing Vehicles and Office Equipment, in line with
the evolving operational needs of its employees.
For 2025, overall Capital Expenditures amounting to Rp148 billion, with 82.2% had been completed, and the remainder
still in process. The source of funding for Capital Expenditures was derived from the Company funds.
MATERIAL COMMITMENTS
Throughout 2025, the Company did not make any material commitments other than those discussed in the previous
sections.
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About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
EVENTS AFTER THE REPORTING PERIOD
Events after the reporting period are disclosed in the Consolidated Financial Statements for the Year Ended 31
December 2025, in Exhibit E Note 37 regarding Events After the Reporting Period..
DIVIDENDS
The Company’s Dividend Policy is summarized as follows:
■ All issued and fully paid shares have the same rights, including the right to Dividends, except for repurchased
shares (Treasury Shares);
■ Without prejudice to the right of the GMS to determine otherwise, the Company intends to distribute Cash
Dividends with a value of up to 70% of Net Income for the Year; and
■ Dividends can be distributed all at once in a year, or more than once through Interim Dividends..
The Company’s BOD meeting on 29 November 2024 resulted in a decision to distribute an Interim Cash Dividend for
the 2025 financial year of Rp35 per share on 18 December 2025.
Table 46 | Dividend Payment
Fiscal Year 2024 2025
Date of BOD Meeting 29 November 2024 28 November 2025
Date of GMS 8 May 2025 *
Dividend per Share (in full amount - rupiah currency)
Interim** 28 35
Final 32 ***
Total 60 35
Payout Ratio 57.7% ***
Payment Date
Interim** 19 December 2024 18 December 2025
Final 11 June 2025 ***
Total of Dividend (Rp billion) 902 520
* Pending decision on the date of 2026 GMS
** Interim Cash Dividend was determined at the BOD Meeting
*** Payment of Final Dividend for 2025 shall be determined during the 2026 GMS
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USE OF PUBLIC OFFERING FUNDS
In accordance with the requirements of POJK No. 30/POJK.04/2015 on the Obligation to Submit Reports on the Use
of Proceeds from Public Offerings (POJK 30/2015), the Company reports the use of funds from each corporate action
it performs.
During 2025, the Company offered bonds denominated in rupiah, namely Obligasi Berkelanjutan VI BFI Finance
Indonesia Tahap II 2025, with total proceeds of Rp1,000 billion. Details of the public offering are presented in the
Corporate Data chapter, pages 234–235.
In accordance with the requirements of POJK 30/2015, the Company reported the use of funds from the corporate
action. In accordance with the guidance in the prospectus and additional information published, these funds were
used entirely for working capital needs to carry out the Company’s main business. There was no change in the use of
funds from this general issuance. All uses had been reported to the authorities.
INVESTMENT, DIVESTMENT, MERGER &
ACQUISITION, AND DEBT OR CAPITAL
RESTRUCTURING
The Company did not carry out any material Investments, Divestments, Mergers & Acquisitions, and Debt or Capital
Restructuring in 2025.
TRANSACTION WITH POTENTIAL
CONFLICT OF INTEREST AND RELATED
PARTIES
In carrying out its business activities, the Company and its subsidiary carry out transactions with certain related parties
namely employees (key management personnel) and PT Bank Jago Tbk (under a similar ultimate beneficial owner).
Transactions with related parties consist of Salaries and Employee Benefits Expenses and Interest and Finance
Charges Expenses amounting to Rp47 billion in 2025, which was 1.0% of Total Expenses for that year. This amount was
lower than the amount of Salaries and Employee Benefits Expenses paid in the previous year of Rp56 billion (1.3% of
Total Expenses).
Transactions with PT Bank Jago Tbk as a related party comprised of Cash in Banks amounting to Rp1.8 billion, Time
Deposits amounting to Rp3 billion, Finance Income of Rp1.7 billion, Interest and Finance Charges Expenses of Rp7
million, dan and Fund Borrowing of Rp102.6 billion.
All Transactions with Related Parties, except for Salaries and Employee Benefits paid to key management personnel,
were carried out under the normal business operations requirements.
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IMPACT FROM REGULATORY CHANGES
ON THE COMPANY
In 2025, the RI Government issued 33 new regulations related to the implementation of business activities and
operations of multifinance companies, namely:
1. RI Law No. 20/2025 on Criminal Procedure;
2. RI Government Regulation No. 6/2025 on the Amendment to Government Regulation No. 37/2021 on the
Implementation of the Job Loss Security Program;
3. RI Government Regulation No. 24/2025 on Special Handling and Awarding for Witness-Perpetrators;
4. RI Government Regulation No. 28/2025 on the Implementation of Risk-Based Business Licensing;
5. RI Government Regulation No. 44/2025 on the Procedures for the Application of Tariffs, Management, and
Settlement of Objections, Reductions, and Refunds of Non-Tax State Revenue;
6. RI Government Regulation No. 49/2025 on the Second Amendment to Government Regulation No. 36/2021 on
Wages;
7. RI Government Regulation No. 43/2025 on Financial Reporting;
8. RI Presidential Regulation No. 4/2025 on the Amendment to Presidential Regulation No. 5/2015 on the
Implementation of the One-Stop Integrated Administration System for Motor Vehicles;
9. Regulation of the Minister of Finance RI No. 111/2025 on the Supervision of Taxpayer Compliance;
10. Regulation of the Minister of Manpower RI No. 7/2025 on the Amendment to Regulation of the Minister of
Manpower No. 20/2022 on the Guidelines for Payment of Participant Contribution Funds for the Job Loss Security
Program by the Government;
11. Regulation of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency RI No.
9/2025 on the Amendment to Regulation of the Minister of Agrarian Affairs and Spatial Planning/Head of the
National Land Agency No. 5/2025 on the Delegation of Authority for the Determination of Land Rights and Land
Registration Activities;
12. Regulation of the Minister of Finance RI No. 15/2025 on Tax Audits;
13. OJK Regulation No. 2/2025 on the Procedures for the Implementation of Levies in the Financial Services Sector
and Other Revenues;
14. OJK Regulation No. 4/2025 on the Implementation of Financial Services Aggregation;
15. OJK Regulation No. 14/2025 on the Implementation of General Meetings of Shareholders, General Meetings of
Bondholders, and General Meetings of Sukukholders by Electronic Means;
16. OJK Regulation No. 19/2025 on the Ease of Access to Financing for Micro, Small, and Medium Enterprises;
17. OJK Regulation No. 25/2025 on the Amendment to OJK Regulation No. 49/2024 on the Supervision, Determination
of Supervision Status, and Follow-up Supervision of Financing Institutions, Venture Capital Companies,
Microfinance Institutions, and Other Financial Service Institutions;
18. OJK Regulation No. 32/2025 on the Implementation of Buy Now Pay Later;
19. OJK Regulation No. 35/2025 on the Amendment to OJK Regulation No. 46/2024 on the Development and
Strengthening of Financing Companies, Infrastructure Financing Companies, and Venture Capital Companies;
20. OJK Regulation No. 38/2025 on Lawsuits by OJK for Consumer Protection in the Financial Services Sector;
21. OJK Regulation No. 39/2025 on the Procedures for the Collection of Administrative Sanctions in the Form of Fines
in the Financial Services Sector;
22. OJK Regulation No. 40/2025 on the Utilization of Proceeds from Public Offerings;
23. OJK Regulation No. 41/2025 on the Representative Offices of Financing Institutions, Venture Capital Companies,
and Other Financial Service Institutions Headquartered Overseas;
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24. OJK Regulation No. 42/2025 on the Integrity of Financial Reporting of Financing Institutions, Venture Capital
Companies, Microfinance Institutions, and Other Financial Service Institutions;
25. Regulation of the Members of the Board of Commissioners of OJK No. 37/PADK.08/2025 on the Provision and
Delivery of Information for the Marketing of Financial Services Products and Services;
26. Regulation of the Members of the Board of Commissioners of OJK No. 44/PADK.01/2025 on the Procedures for
the Use of Supporting Professionals in the Financial Services Sector;
27. Regulation of the Members of the Board of Commissioners of OJK No. 45/PADK.06/2025 on Monthly Reports of
Financing Companies and Sharia Financing Companies;
28. Regulation of the Members of the Board of Commissioners of OJK No. 48/PADK.06/2025 on the Implementation
of Risk Management for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other
Financial Service Institutions;
29. OJK Circular No. 10/SEOJK.04/2025 on the Electronic Submission of Ownership Reports or Any Changes in Share
Ownership of Public Companies and Reports on Share Pledging Activities of Public Companies;
30. OJK Circular No. 20/SEOJK.08/2025 on the Publication of Complaint Handling and Complaint Service Reports;
31. OJK Circular No. 27/SEOJK.03/2025 on Credit Rating Agencies and Financial Ratings Recognized by OJK;
32. OJK Circular No. 28/SEOJK.06/2025 on the Report on the Implementation of Good Corporate Governance for
Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service
Institutions; and
33. Decree of the Board of Directors of IDX No. Kep-00087/BEI/12-2025 dated 12 December 2025 on Regulation No.
I-E on the Obligation for the Submission of Information.
The issuance of these regulations will further enhance the quality of services in the financial services sector,
particularly in the financing industry, in Indonesia. Accordingly, the Company has taken every measure necessary to
comply with the requirements of these regulations.
Rizki Rahman Halim
Owner of Fair Auto Car Used Cars Dealer
Surabaya, East Java
Since working with BFI Finance in 2023, I have had a very positive experience. The BFI Finance team has
been actively assisting us with financing applications, with smooth coordination whenever issues arise.
The uncomplicated process is one of BFI Finance’s key strengths. I hope the disbursement process
can continue to improve in order to optimize this collaboration and provide greater benefits for both
parties.
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ACCOUNTING POLICY CHANGES
PERUBAHAN ATAS PERNYATAAN STANDAR AKUNTANSI KEUANGAN
(PSAK) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN
(ISAK) YANG BERLAKU EFEKTIF PADA PERIODE BERJALAN
The implementation of changes to accounting standards, which are effective from 1 January 2025, and are relevant
for the Company and its subsidiaries but do not have a significant impact on the accounting policies of the Company
and its subsidiaries, is the Amendment to SFAS 221, “Effect of Changes in Foreign Exchange Rates - Disadvantage of
exchangeability” about Guidance for situations where an entity lacks the ability to exchange a currency into another.
A summary of the changes and impacts of these new accounting standards on the Company’s financial condition is
presented in Table 47.
Table 47 | Changes of PSAK that Affect the Company
Accounting Standards Summary of Changes Reasons for Changes Impact on the Company
Amendment to SFAS The amendment was The amendment provides
221, "Effect of Changes introduced to address guidance to entities
in Foreign Exchange a regulatory gap when on non-exchangeable
Rates - Disadvantage of a currency cannot be currencies, aiming to
exchangeability" about exchanged in the normal determine the appropriate
Guidance for situations manner, which previously spot exchange rate
where an entity lacks created uncertainty in to be used when Has been adjusted
the ability to exchange a determining the exchange exchangeability is not
currency into another. rate and its accounting available and to address
treatment. the risks an entity may
face from such conditions
on its performance and
cash flows.
2026 BUSINESS PROSPECTS
The intensifying structural fragmentation of global trade—no longer a fleeting anomaly—has led to projections of
global GDP growth slowing to 3.1%. Artificial intelligence (AI)-based automation, which many believe poses a risk of
disrupting the labor market, also has the potential to hold back this growth rate. This situation is further complicated
by the currently high geopolitical volatility and rising tensions in various regions, including Southeast Asia.
Faced with this combination of economic and geopolitical situations, the RI Government has taken a rather optimistic
stance in setting a domestic economic growth target of around 5.4% for 2026. The government’s strategy in driving
the economy is based on accelerating state spending, especially in the infrastructure sector, accompanied by a firmer
coordination of fiscal and monetary policies.
This projection contrasts with the World Bank’s forecast, which in its January 2026 edition of the Global Economic
Prospects report set a figure of 5.1% for Indonesia’s economic growth for 2026. Although below the government’s
target, this figure reflects a realistic estimate of the national economy’s capacity to respond to existing challenges.
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Pressure on public purchasing power continues, household consumption has not fully recovered, and private
investment tends to be restrained due to the business community’s continued cautious stance. Furthermore, limited
fiscal space limits the effectiveness of government spending in directly driving growth. Under these conditions,
economic growth will be largely determined by the private sector’s ability to restore the currently declining purchasing
power of the middle class.
Pressure on household consumption is reflected in a number of weak economic indicators, from cement sales and
motor vehicles to residential property. Moderate bank credit growth, contraction in MSME loans, and limited growth in
working capital and consumer loans throughout 2025 indicate that businesses are not yet fully prepared for expansion.
The contribution of state spending to growth will also remain limited due to suboptimal state revenue levels in 2026.
The financing industry is still seen as having the potential for growth, despite the severely weak increase in financing
receivables in 2025. To achieve this growth, industry players are required to transform, not simply expand. To ensure
this evolution runs smoothly, multifinance companies need to strengthen risk management, diversify their products,
and accelerate technological transformation to adapt to current market conditions. Although motor vehicle sales are
predicted to recover, increasingly stringent regulations in the financing industry will require small-scale companies to
pursue greater efficiency—for example, through digitalization—or consolidate to achieve economies of scale.
For 2026, BFI Finance has set growth targets for New Financing Disbursement, Net Receivables, and Net Profit of 12%,
4%, and 2%, respectively, higher than the achievements in 2025. With an increase in Revenue of around 5%, Assets
are targeted to reach 6% above their value as at the end of 2025. Meanwhile, the Gearing Ratio will continue to be
maintained below 2.0x. The Company also targets a Dividend Distribution Ratio of up to 70% to continuously deliver
attractive financial value to shareholders.
Table 48 | 2026 Business Targets
Description Target
New Financing Growth 12% above 2025 achievement
Net Receivables Growth 4% above 2025 achievement
Asset Growth 6% above 2025 achievement
Revenue Growth 5% above 2025 achievement
Net Profit 2% above 2025 achievement
NPF < 2.0%
Debt-to-Equity Ratio < 2.0x
Dividend Payout Ratio Up to 70%
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Good Corporate
Governance
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GOOD CORPORATE GOVERNANCE
REPORT
BFI Finance conducts good corporate governance (GCG) practices in accordance with guidelines from relevant
authorities, demonstrating the management and employees’ commitment to long-term business sustainability.
These practices are conducted in compliance with the prevailing laws and regulations. The list of laws and regulations
is reviewed and regularly updated, and also made accessible at https://www.bfi.co.id/en/corporate/Corporate-Good-
Governance/corporate-governance-guidelines.
MAIN PRINCIPLES
The Company applies the following GCG principles in its business activities in all organizational levels:
1. Transparency: The Company prioritizes transparency through annual reports, financial reports, and business-
related publications on the Company website.
2. Accountability: The Company ensures clarity of rights, authority, duties, and responsibilities of all governance
bodies of the Company.
3. Responsibility: The Company complies with the articles of association and the prevailing regulations, including
business ethics, corporate social responsibility, and tax obligations.
4. Independence: The Company ensures independence from external interference that does not comply with
regulations and remains free from conflicts of interest.
5. Equality and Fairness: The Company fulfills the rights of stakeholders in a just and equitable manner in accordance
with applicable regulations, by maintaining a safe work environment and providing equal opportunities for
employees.
The implementation guideline for the GCG principles is available on the Company website at
https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/corporate-governance-guidelines.
GCG PURPOSES
BFI Finance implements GCG principles to achieve, among others:
1. Optimization of the Company’s values for stakeholders;
2. Improvement of the Company’s professional, effective, and efficient management;
3. Improvement of the Company’s governance bodies’ and its subordinates’ compliance with the strict ethical
standards, rules and regulations, and awareness of social responsibility;
4. Establishment of a financially sound business that is reliable and has a competitive edge in order to maintain its
presence and sustainability to achieve the Company’s aims and objectives; and
5. Improvement of the Company’s contribution to the national economy.
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GCG STRUCTURE AND MECHANISM
The GCG structure at BFI Finance consists of the following governance bodies in the chart below:
Graph 9 | GCG Structure of the Company
Governance
Transparency, Accountabilty, Responsibility, Independence, and Fairness
Principles
GMS ■ Audit Committee
■ Risk Oversight
Committee
■ Nomination and Governance
Sharia Supervisory
BOD BOC Remunireation Commite
Board Structure
Internal Control Internal Corporate Risk
Compliance
System Audit Secretary Management
GMS, execution of function, authorities and responsibilities of the BOC and the BOD, meetings
Governance
between the BOC and the BOD, execution of policies and strategies in line with vision and mission,
Processes
human capital development and training, and implementation of CSR programs
Business sustainability, efficiency, benefits for society, compliance with regulations, consumer Governance
protection, and environmental protection Outcomes
The GCG structure at BFI Finance is designed to ensure clear mapping of business functions and activities, avoid
conflicts of interest, and support the checks and balances function.
GCG is exercised within an infrastructure framework, which includes policies, procedures, management information
system, and main duties as well as functions of each governance body. This GCG infrastructure is evaluated regularly
and adjusted to the latest developments and best practices in GCG. BFI Finance’s GCG Infrastructure most recently
enhanced and ratified in the Policy/026 dated 16 June 2025 on Guidelines for the Implementation of Good Corporate
Governance.
Table 49 | BFI Finance’s GCG Infrastructure
No. GCG Infrastructure Form
1. Code of Business Principles which is applicable ■ Company Core Values (G.R.E.A.T.) and BFI New Mindset
to all BFI Finance’s activities, both in head office as the guidelines on the Company’s culture and
and branches, and to all employees behavior
■ Corporate Responsibilities
■ Business Integrity
■ Operational Activity Commitment
■ Company Regulations 2024–2026
2. Procedures to carry out duties and ■ Guidelines for the BOC and the BOD (Board Manual)
responsibilities of the BOC and the BOD
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No. GCG Infrastructure Form
3. Completeness and procedures of carrying out ■ Audit Committee Charter
the duties of committees and work units in ■ Risk Oversight Committee Manual
conducting internal control function ■ Nomination and Remuneration Committee Manual
■ Sharia Product and Business Activity Development
Committee Charter
■ Risk Management Committee Charter
■ Information Technology (IT) Steering Committee
Charter
4. External audit, internal audit, compliance ■ Code of Business Principles
function implementation procedures and ■ G.R.E.A.T. (Company Core Values) and BFI New Mindset,
policies guidelines on behavior and culture, applicable to all
employees
■ Company Regulations 2024–2026
■ Internal Audit Charter
■ Various applicable policies, decrees, SOPs, and
guidelines in the Company
5. Policy of transparency of financial and non- ■ Quarterly Financial Statements
financial conditions ■ Mid-year Financial Statements
■ Annual Financial Statements
■ Integrated Annual Report (featuring both Annual
Report and Sustainability Report)
GCG ROADMAP
The Company’s GCG Roadmap is implicitly stated and aligned to OJK’s directive in every practice. Several important
structures and mechanisms, which are still ongoing in GCG implementation at the Company, are Code of Business
Principles, Board Manual for the BOC and BOD as well as the Committees, and supporting procedures and policies
such as Whistleblowing System, Risk Management Policy, and Compliance Policy.
As a part of GCG Roadmap, the Company regularly evaluates, updates, and disseminates its GCG practices to all
employees.
GCG IMPLEMENTATION FOCUS
In 2025, the Company’s focus of GCG implementation was on the following::
1. General strengthening of risk management, with a particular focus on credit risk related to the declining repayment
capability across several financing segments;
2. Intensification of the use of data and digital systems in decision-making and risk mapping;
3. Strengthening of control and oversight of automated operational processes;
4. Alignment of Company regulations with the latest external regulations; and
5. Assurance and assessment in the following aspects::
a. Adequacy of reporting transparency;
b. Compliance with rules and regulations;
c. Consumer protection;
d. Audit independence; and
e. Company performance and achievements, financially and operationally.
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GCG IMPLEMENTATION EVALUATION
Results of an internal assessment conducted by BFI Finance of its GCG achievements in 2025 showed that the
Management had implemented GCG satisfactorily, as summarized in Table 50.
Table 50 | GCG Implementation Evaluation
No. Aspect Positive Factors Negative Factors
A Governance Structure
1. The Number, Composition, In accordance with the complexity and size of None
Integrity and Competence the Company and in compliance with applicable
of Members of the BOC, regulations.
Committees under the BOC,
Sharia Supervisory Board, BOD,
and Committees under the BOD
2. Organizational Structure BFI Finance has an organizational structure None
consisting of directorates, divisions, departments,
and work functions/units with clear division of
duties, responsibilities, and authorities. It support
businesses and operational activities as well as
internal control implementation.
3. Policies and Procedures BFI Finance has policies and procedures None
consisting of the Board Manual for the BOC
and the BOD, Audit Committee Charter, Risk
Oversight Committee Manual, Nomination and
Remuneration Committee Manual, Sharia Product
and Business Activity Development Committee
Charter, Risk Management Committee Charter, IT
Steering Committee Charter, Internal Audit Charter,
Code of Business Principles, Company Regulations
2024–2026, Operational Commitments, Company
Core Values and Employee Behavior Guidelines
(G.R.E.A.T. and BFI New Mindset), and Information
Technology (IT) Procedures and Policies.
4 Information System BFI Finance runs a Management Information None
System (MIS) and Power Business Intelligence
(Power BI) to support operational and business
activities as well as internal control system.
B Governance Process
1 Execution of Duties and In general, the duties and responsibilities of the None
Responsibilities BOC, the BOD, and Committees under the BOC
and the BOD have been satisfactorily executed.
2 Human Capital BFI Finance has improved the headcount and None
quality of human capital by intensifying training and
focusing on workforce availability and adequacy.
3 Risk Management BFI Finance regularly reviews risk limit, risk None
measuring, monitoring and control, and internal
model assessment of risk management.
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No. Aspect Positive Factors Negative Factors
4 Customer Complaint BFI Finance manages and resolves customer None
complaint according to the stipulations of the SLA.
5 Compliance and Discipline BFI Finance continuously upholds discipline and None
Cultures compliance culture in all organizational levels by
establishing the Integrity Pact to increase legal
enforcement, to carry out anti-fraud policy and
Whistleblowing System, to apply G.R.E.A.T. and BFI
New Mindset as the Company Core Values, and to
strengthen the Internal Control System.
6 CSR BFI Finance has carried out CSR as part of its None
business process.
C Governance Result
1. Recommendations from the Recommendations from the BOC and the None
BOC and Committees under the Committees under the BOC are documented
BOC in the meeting minutes and serve as input and
considerations for the BOD in making a decision.
2. Conflict of Interest There is no indication of any conflict of interest that None
bring losses to the Company.
3. Information Disclosure to the BFI Finance has disclosed its financial and non- None
Public financial information to public transparently,
including through quarterly financial statements,
mid-year financial statements, annual financial
statements, and Integrated Annual Report
(consisting of Annual Report and Sustainability
Report).
4. Company Performance BFI Finance records growth and positive None
performance, as reflected in its growing assets and
profit, and a well-managed NPF.
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SUSTAINABILITY GOVERNANCE
GCG implementation within BFI Finance takes into account Environmental, Social, and Governance (ESG) principles
that strengthen the foundation for sustainability governance and sustainable development, which also comprise the
Company’s long-term vision.
ESG practices within the Company throughout the reporting period are presented in the Sustainability chapter, pages
202–225.
SUSTAINABLE FINANCE
For BFI Finance, sustainable finance is an important part of the Company’s efforts to empower an inclusive and equal
economy across all levels of Indonesian society, which will have a substantial impact on the Company’s business.
The implementation of sustainable finance in the Company is overseen by the Finance Directorate, with the Finance
Director responsible for managing related programs and activities across the Company’s outlets. To support this effort,
the BOD actively improves its competence through various trainings, including those focused on sustainability. The
BOD Competence Enhancement graph is presented on page 170.
Risks associated with implementing sustainable finance programs are further discussed in the Risk Management
section of this chapter, pages 188–194.
STAKEHOLDER ENGAGEMENT
BFI Finance categorizes its stakeholders into customers, shareholders, suppliers, employees, business partners,
communities, and regulators. As part of its sustainability governance, BFI Finance engages its stakeholders in various
ways.
The Company builds transparent communication to create and maintain trust with each stakeholder. The Company
cultivates effective communication to discern their needs and expectations, resolve issues, mitigate impacts, and
identify opportunities o deliver optimal benefits to all parties.
The various issues encountered while engaging stakeholders, including in implementing of sustainable finance, are
presented in Table 51.
Table 51 | Summary of BFI Finance’s Stakeholders Issues
Stakeholder
Engagement Method Issues Raised in 2025 and Related Activities
Group
Customers Customer surveys, customer ■ Customer service access, explanation on products and
complaint data, customer services
responses and comments ■ ServPrize program featuring special visits to selected
through various Company customers at special moments and occasions
communication channels, ■ SENSASI (Having Fun with BFI, or Senang-Senang
including Customer Care services
bersama BFI in Indonesian) program providing annual
via hotline, email, SMS, WhatsApp,
appreciation to the best customers of BFI Finance
live chat on the website, and
across various regions in Indonesia
Company social media
■ “Annual Treatment for Customer” program as a creative
way for branches to give special appreciation to repeat
order (RO) financing customers
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Stakeholder
Engagement Method Issues Raised in 2025 and Related Activities
Group
■ “Treatment customer for Loyalty (TRULY)” program
featuring branches’ creative method to give further
appreciation to RO customers who applied for
financing through the Customer Service (CS) channel
■ Continuation of “Beware of Scams!” campaign for
customers
■ Ongoing dissemination about Payment Points on
the Company website and information on customer
instalment payments through virtual accounts from
partner banks
■ Management of customer experience on Google
Business channel using measured and solution-
oriented responses, to maintain customer satisfaction
and boost Company reputation and service rating
Employees Employee surveys, meetings Strengthening the implementation of BFI New Mindset
with employee representatives, at all levels of employees, implementing BFI Culture
email blasts, Leader’s Talk, 2.0 along with a series of its main initiatives, expanding
Service Insight Community the Regional Training Center (RTC) to various regions,
(SIC), interactive employee continuous dissemination by experts on evolving issues in
communication facilities through cybersecurity
the BELLA application, various
training via offline and online
channels such as M-BEAT
application as a facility for
employees for learning technical
and non-technical topics
Shareholders Quarterly and annual reports, Business development, good governance and
meetings with investors, potential accountability, business financial soundness
investors, and analysts, AGMS and
EGMS
Suppliers Engagement based on contract, Continuity of supply, level of performance and production,
performance review timeliness
Business Partners Engagement based on contract, Performance, timeliness, contract evaluation
performance appraisal
Public Forums and training programs,
annual public expose to the
mass media, partnerships with Support to community’s socioeconomic and environmental
community institutions, the aspects, acceleration of financial literacy education and
Company’s active participation financial inclusion, Company performance reporting in a
in activities aimed at financial more disciplined and timely manner
literacy education and financial
inclusion in various regions of
Indonesia
Regulators Regular meetings (including Compliance, information disclosure, business
development, good governance and accountability,
webinars and FGDs), survey filling,
business financial soundness
routine and ad hoc reporting
The Company further engages its stakeholders by becoming a member of relevant external organizations aligned
with its goals.
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GENERAL MEETING OF SHAREHOLDERS
The GMS is a governance body of the Company that possesses certain powers not granted to the BOC or the BOD
within the limits prescribed by the laws and/or the articles of association.
The GMS is a forum for shareholders to influence the Company, as well as a forum for the BOC and the BOD to report
and be held accountable for the implementation of their tasks and performance to the shareholders.
The GMS consists of the Annual GMS (AGMS) and the Extraordinary GMS (EGMS), which are held in accordance with
the articles of association and the prevailing regulations.
GMS AUTHORITY
The GMS has the authority, among other things, to:
1. Appoint and dismiss the members of the BOC and the BOD based on policies/guidelines established by
shareholders;
2. Ratify or decide on issues that are necessary to safeguard the long-term and short-term interests of the Company
in accordance with the prevailing regulations and/or the articles of association;
3. Approve the annual report including financial statements, and approve the BOC’s supervisory duties in accordance
with the prevailing regulations and/or the articles of association;
4. Set targets and assess the performance of the BOD and the BOC;
5. Determine remuneration for the BOC and the BOD;
6. Appoint the external public accounting firm;
7. Approve or reject the Company’s work plan and budget, and the long-term work plan;
8. Make decisions through a process that is open, fair, and accountable; and
9. Implement GCG in accordance with its authority and remits.
SHAREHOLDERS’ RIGHTS
The shareholders have the right to propose the agendas for every GMS that will be held by the Company, propose
the appointment of members of the BOC and/or the BOD of the Company, especially for measures that require prior
approval of the shareholders in accordance with the prevailing regulations.
2025 GMS IMPLEMENTATION
In 2025, BFI Finance held 1 AGMS and 3 EGMS. The convening of the AGMS and EGMS (collectively referred to as the
GMS) was conducted in accordance with the procedures stipulated by the OJK, with the activities detailed below.
30 JANUARY 2025 EGMS
1. Notification of the EGMS plan and agenda to OJK via letter on 12 December 2024;
2. Announcement of the EGMS plan to shareholders on 19 December 2024;
3. Invitation to the EGMS for shareholders through an announcement on 6 January 2025;
4. Execution of the EGMS on 30 January 2025;
5. Submission of the EGMS minutes to OJK on 3 February 2025; and
6. Announcement of the summary of the GMS minutes on 3 February 2025
The summary of the AGMS and the EGMS is accessible at https://www.bfi.co.id/en/corporate/Investor-Relations/General-
Meeting-of-Shareholders/Announcement-of-Resolutions-the-Extraordinary-General-Meeting-of-Shareholders-2025.
All 30 January 2025 EGMS resolutions, as summarized in the following table, were fully implemented in 2025.
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Table 52 | Implementation of 30 January 2025 EGMS Resolutions
Implemented
RESOLUTION
Not Implemented
To accept and ratify the resignation of Francis Lay Sioe Ho from his position as President
Director which will be effective as of the closing of this Meeting
To accept and ratify the resignation of Andrew Adiwijanto from his position as Director
which will be effective as of the closing of this Meeting
To approve the appointment of Francis Lay Sioe Ho as President Commissioner of the
Company, replacing Kusmayanto Kadiman, with an effective term of office of at least six
months from the closing of this Meeting and after obtaining Approval from the relevant
Regulator until the closing of the next third AGMS after 2025. In the event that Approval
from the relevant Regulator is obtained more than six months from the closing of this
Meeting, then the said appointment will be effective as of the date of Approval from the
relevant Regulator, until the closing of the next third AGMS after 2025. The term of office
of Kusmayanto Kadiman as President Commissioner will end after Francis Lay Sioe Ho
effectively serves as President Commissioner
To approve the appointment of Sutadi as President Director of the Company replacing
Francis Lay Sioe Ho for an effective term of office since the closing of this Meeting and
after obtaining Approval from the relevant Regulator, until the closing of the Company’s
third AGMS after 2025. As long as Approval from the relevant Regulator has not been
obtained, Sutadi will remain as Director of the Company and will also serve as Interim
President Director of the Company, and if his appointment as President Director of the
Company is not approved by the relevant Regulator, Sutadi will remain as Director of
the Company, with a term of office in accordance with his appointment as President
Director of the Company, namely until the closing of the Company’s third Annual GMS
after 2025
To approve the reappointment of Sunata Tjiterosampurno as Commissioner of the
Company, with an effective term of office starting from the closing of this Meeting up
to the closing of the next third AGMS of the Company after 2025
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Sustainability Corporate Data Appendices
Governance Statements
Implemented
RESOLUTION
Not Implemented
To establish the composition of the members of the Company’s BOD, BOC, and Sharia
Supervisory Board as of the closing of this Meeting up to the closing of the Company’s
AGMS in accordance with their respective terms of office, as follows:
BOARD OF COMMISSIONERS
President Commissioner: Kusmayanto Kadiman* (2025)
President Commissioner: Francis Lay Sioe Ho** (2025–2028)
Independent Commissioner: Johanes Sutrisno (2021–2026)
Independent Commissioner: Alfonso Napitupulu (2021–2026)
Commissioner: Sunata Tjiterosampurno (2025–2028)
Commissioner: Saurabh Narayan Agarwal (2023–2028)
BOARD OF DIRECTORS
President Director: Sutadi*** (2025–2028)
Director: Sudjono (2024–2027)
Director: Goklas (2024–2027)
* The term of office ends at the effective date of the appointment of Francis Lay Sioe Ho as President Commissioner
of the Company
** Effective as soon as 6 (six) months since the closing of this Meeting and after obtaining Approval from the
relevant Regulator. In the event that Approval from the relevant Regulator is obtained more than 6 (six) months
since the closing of this Meeting, then the appointment will be effective as of the date of Approval from the
relevant Regulator.
*** Effective after obtaining Approval from the relevant Regulator and remaining in office as Director of the
Company and also concurrently serving as Interim President Director of the Company
SHARIA SUPERVISORY BOARD
Chairman: Asrori S. Karni (2022–2027)
Member: Helda Rahmi Sina (2022–2027)
To grant power and authority to the Company’s BOD with substitution rights to declare
changes to the members of the BOD and or the BOC in a separate notarial deed and
arrange a notification and a registration to relevant authorities, as well as perform all
necessary actions in accordance with the prevailing legislation in connection with the
Meeting agenda resolutions
8 MAY 2025 AGMS & EGMS
1. Notification of the AGMS & EGMS plan and agenda to OJK via letter on 14 March 2025;
2. Announcement of the AGMS & EGMS plan to shareholders on 21 March 2025;
3. Invitation to the AGMS & EGMS for shareholders through an announcement on 15 April 2025;
4. Execution of the AGMS & EGMS on 8 May 2025;
5. Submission of the AGMS & EGMS minutes to OJK on 14 May 2025; and
6. Announcement of the summary of the AGMS & EGMS minutes on 14 May 2025
The summary of the AGMS & EGMS is accessible at https://www.bfi.co.id/en/corporate/Investor-Relations/General-
Meeting-of-Shareholders/Announcement-of-Resolutions-of-the-Annual-and-Extraordinary-General-Meeting-of-
Shareholders-2025. .
All 8 May 2025 AGMS & EGMS resolutions, as summarized in the following table, were fully implemented in 2025.
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Highlights and Analysis
Table 53 | Implementation of 8 May 2025 AGMS Resolutions
Implemented
RESOLUTION
Not Implemented
To accept and approve the Company’s Annual Report for the financial year ending
31 December 2024, including the report on the supervisory duties of the BOC for the
financial year ended 31 December 2024
To accept and ratify the Company’s Financial Statements for the financial year ending 31
December 2024, as audited by the Public Accountant Firm “Tanubrata Sutanto Fahmi
Bambang & Rekan” whose Report Number: 00005/3.0423/AU.1/09/1042-3/1/II/2025
expressed “Unmodified” opinion, thus granting the release and discharge (acquit
et de charge) to the BOD and the BOC relating to their duties of management and
supervision conducted during the financial year 2024, provided that such actions are
reflected in the Company’s Annual Report for the financial year 2024 and not in conflict
with statutory regulations
To approve the use of the Company’s net profit for the financial year ending 31 December
2024, amounting to Rp1,564,674,000,000 (one trillion five hundred and sixty-four billion
six hundred and seventy-four million rupiah) with the allocation as follows:
a. The amount of Rp5,000,000,000 (five billion rupiah) from the net profit which can
be attributed to the owners of the Company’s parent entity as mandatory reserves,
pursuant to the Company’s Articles of Association and the Company Law No. 40 of
2007;
b. As final cash dividends of Rp60 (sixty rupiah) per share, including the Rp28 (twenty-
eight rupiah) per share that have been distributed as interim dividends and paid on
19 December 2024, so that the remaining dividends to be distributed will be Rp32
(thirty-two rupiah) per share. The remaining final dividends will be distributed to
the Company shareholders listed in the Register of the Company Shareholders on
22 May 2025, at 16:00 WIB, and will be paid to the Company shareholders on 11 June
2025;
c. The remaining balance of the 2024 net profit will be booked as Retained Earnings to
strengthen the Company’s capital
To authorize and grant power to the Company’s BOD with substitution rights to execute
the utilization of net profit as mentioned above, including to set up the schedule and
procedures of cash dividends distribution to the Company shareholders, and to attend
and meet the authorities, in all respects without exception, including procedure for
taking dividends that have been included in special reserves
To authorize the Company’s BOC to appoint a Public Accountant and/or a Public
Accountant Firm registered with the Financial Services Authority (Otoritas Jasa
Keuangan) to audit the Company’s Financial Statements for the financial year ending
31 December 2025, and to authorize the Company’s BOC to determine the amount
of honorarium and other requirements relating to the appointment by taking into
account the proposals from the Company’s Audit Committee
To establish the remuneration of the BOC with the total amount of Rp258,557,500 (two
hundred and fifty-eight million five hundred and fifty-seven thousand and five hundred
rupiah) per month after tax for the financial year 2025 and to give bonuses to the BOC
for the financial year 2024 amounting to Rp1,610,000,000 (one billion six hundred and
ten million rupiah)
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Governance Statements
Implemented
RESOLUTION
Not Implemented
To delegate the authority to the BOC in determining the amount for each member of
the BOC and to adjust the total amount of remuneration in the event of changes in
the number of members of the BOC in the financial year 2025 by taking into account
recommendations from the Nomination and Remuneration Committee
To approve the provision of power and authority to the BOC in determining the division
of duties and authorities to each member of the BOD as well as to determine the
remuneration for the members of the BOD
The accountability report on the use of proceeds from the Sustainable Public Offering
of Sustainable Bonds VI BFI Finance Indonesia Phase I Year 2024 after deducting
issuance costs has been used in accordance with the plan for the use of funds set forth
in the Prospectus
Table 54 | Implementation of 8 May 2025 EGMS Resolutions
Implemented
RESOLUTION
Not Implemented
Approval to transfer and/or pledge more than 50% of the Company assets in 1 (one) or
more transactions, whether in relation to each other or not that occur within a period
of 1 (one) financial year or more, including to obtain loans from banks and non-banks,
domestic or foreign, issue Bonds and Medium Term Notes (MTN), conduct financing
cooperation with banks and non-banks, securitization, and obtain loans from various
other funding sources in the Company’s normal course of business activities, including
to issue the continued Sustainable Public Offering of Sustainable Bonds VI up to a
maximum amount of Rp3,000,000,000,000 (three trillion rupiah) in several stages in
the 2025 financial year
Approval to authorize and grant power to the BOD of the Company to perform the
above actions, including to obtain loans from banks and non-banks, domestic or
foreign, issue Bonds and Medium Term Notes (MTN), conduct financing cooperation
with banks and non-banks, securitization, and obtain loans from various other funding
sources in the Company’s normal business activities, including to issue the continued
Sustainable Public Offering of Sustainable Bonds VI as referred in point 1 which
previously described in its implementation in the 2025 financial year, by taking into
account the terms and conditions in the applicable laws and regulations, especially the
Capital Market regulations
To approve the appointment of Tan Rudy Eddywidjaja and Iwan as Directors respectively,
with effective term of office starting from the closing of this Meeting and after obtaining
approval from the relevant Regulator, until the closing of the next third Annual General
Meeting of Shareholders after 2025
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Highlights and Analysis
Implemented
RESOLUTION
Not Implemented
To establish the composition of the members of the Company’s BOD, BOC, and Sharia
Supervisory Board as of the closing of this Meeting up to the closing of the Annual
General Meeting of Shareholders in accordance with their respective terms of office as
follows:
BOARD OF COMMISSIONERS
President Commissioner: Kusmayanto Kadiman* (2021–2026)
President Commissioner: Francis Lay Sioe Ho** (2025–2028)
Independent Commissioner: Johanes Sutrisno (2021–2026)
Independent Commissioner: Alfonso Napitupulu (2021–2026)
Commissioner: Sunata Tjiterosampurno (2025–2028)
Commissioner: Saurabh Narayan Agarwal (2023–2028)
BOARD OF DIRECTORS
President Director: Sutadi (2025–2028)
Director: Sudjono (2024–2027)
Director: Goklas (2024–2027)
Director: Tan Rudy Eddywidjaja*** (2025–2028)
Director: Iwan*** (2025–2028)
* The term of office ends at the effective date of the appointment of Francis Lay Sioe Ho as President Commissioner
of the Company
** Effective as soon as 6 (six) months since the closing of the EGMS dated 30 January 2025, and after obtaining
Approval from the relevant Regulator. In the event that Approval from the relevant Regulator is obtained more
than 6 (six) months since the closing of the EGMS dated 30 January 2025, then the appointment will be effective
as of the date of Approval of the relevant Regulator.
*** Effective after obtaining Approval from the relevant Regulator
SHARIA SUPERVISORY BOARD
Chairman: Asrori S. Karni (2022–2027)
Member: Helda Rahmi Sina (2022–2027)
To authorize and grant power to the Company’s BOD with substitution rights to declare
changes to the members of the BOD and/or the BOC in a separate notarial deed and
arrange a notification and a registration to relevant authorities, as well as perform all
necessary actions in accordance with the prevailing legislation in connection with the
Meeting agenda resolutions
a. To approve the Company’s capital reduction plan by retiring all treasury shares
held by the Company, which were repurchased by the Company and recorded
as of 31 December 2024, totaling 927,732,000 (nine hundred twenty-seven million
seven hundred thirty-two thousand) shares (“Capital Reduction”). This will result in
amendments to the Company’s Articles of Association in relation to the reduction
of issued and paid-up capital
b. To approve the amendment of Article 4 Paragraph (2) of the Company’s Articles
of Association in relation to the Company’s issued and paid-up capital as the
implementation of the Capital Reduction
To approve the amendment of Article 15 Paragraph (3) and Article 21 Paragraph (8) of
the Company’s Articles of Association
To authorize and grant power to the Company’s BOD, with the right of substitution, to
declare and/or restate (including making amendments and/or additions) in a Notarial
Deed regarding the aforementioned amendment to the Articles of Association, to
submit approval requests and/or notifications to the relevant authorities, and for such
purposes, to sign all related letters and application documents—in short, to undertake
all necessary actions in accordance with the Articles of Association and prevailing laws
and regulations
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15 SEPTEMBER 2025 EGMS
1. Notification of the EGMS plan and agenda to OJK via letter on 31 July 2025;
2. Announcement of the EGMS plan to shareholders on 7 August 2025;
3. Invitation to the EGMS for shareholders through an announcement on 22 August 2025;
4. Execution of the EGMS on 15 September 2025;
5. Submission of the EGMS minutes to OJK on 17 September 2025; and
6. Announcement of the summary of the GMS minutes on 17 September 2025.
The summary of the EGMS is accessible at https://www.bfi.co.id/en/corporate/Investor-Relations/General-Meeting-of-
Shareholders/2025/Announcement-of-Resolutions-the-Extraordinary-General-Meeting-of-Shareholders-Sept-2025.
All 15 September 2025 EGMS resolutions, as summarized in the following table, were fully implemented in 2025.
Table 55 | Implementation of 15 September 2025 EGMS Resolutions
Implemented
RESOLUTION
Not Implemented
To accept and ratify the resignation of Mr. Sunata Tjiterosampurno from his position as
Commissioner which will be effective as of the closing of this Meeting
To approve the appointment of Mr. Kusmayanto Kadiman as Commissioner of the
Company, subject to regulatory approval, with an effective term of office commencing
from the closing of this Meeting until the closing of the Company’s third Annual General
Meeting of Shareholders after 2025
To establish the composition of the members of the Company’s BOD, BOC, and Sharia
Supervisory Board as of the closing of this Meeting up to the closing of the Company’s
AGMS in accordance with their respective terms of office, as follows:
BOARD OF COMMISSIONERS
President Commissioner: Francis Lay Sioe Ho (2025–2028)
Commissioner: Kusmayanto Kadiman (2025–2028)
Commissioner: Saurabh Narayan Agarwal (2023–2028)
Independent Commissioner: Johanes Sutrisno (2021–2026)
Independent Commissioner: Alfonso Napitupulu (2021–2026)
BOARD OF DIRECTORS
President Director: Sutadi (2025–2028)
Director: Sudjono (2024–2027)
Director: Goklas (2024–2027)
Director: Tan Rudy Eddywidjaja (2025-2028)
Director: Iwan (2025-2028)
SHARIA SUPERVISORY BOARD
Chairman: Asrori S. Karni (2022–2027)
Member: Helda Rahmi Sina (2022–2027)
To grant power and authority to the Company’s BOD with substitution rights to declare
changes to the members of the BOD and or the BOC in a separate notarial deed and
arrange a notification and a registration to relevant authorities, as well as perform all
necessary actions in accordance with the prevailing legislation in connection with the
Meeting agenda resolutions
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Highlights and Analysis
Implemented
RESOLUTION
Not Implemented
Article 44 paragraph
(b) of POJK 15 stipulates
that a resolution of the
Meeting shall be deemed
valid if approved by more
than 1/2 (one-half) of the
total valid voting shares
held by independent
Approval of Capital Increase Without Pre-emptive Rights as referred to in Regulation shareholders. In view
No. 32/POJK.04/2015, as amended by POJK No. 14/POJK.04/2019, in the context of the of the fact that the
Management and Employee Stock Option Plan (MESOP) total affirmative votes
amounted only to 46.41%
of the total valid shares
present at the Meeting,
the Meeting resolved to
disapprove the proposed
resolution for the Second
Agenda Item of the
Meeting
2024 GMS RESOLUTIONS
During 2024, BFI Finance held 1 AGMS and 1 EGMS, both on 22 May 2024. All resolutions of the AGMS and EGMS were
fully implemented in 2024, as reported at https://www.bfi.co.id/en/corporate/Investor-Relations/General-Meeting-of-
Shareholders/Announcement-of-the-Extraordinary-General-Meeting-of-Shareholders-2024.
TALLYING OF VOTES AT THE GMS BY INDEPENDENT PARTIES
The tallying of votes for the 2025 AGMS and EGMS was carried out through the KSEI system as the e-GMS provider,
accompanied by a physical tallying of votes by the Share Registrar and witnessed by a Notary.
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Governance Statements
BOARD OF COMMISSIONERS
The Board of Commissioners (BOC) of BFI Finance is responsible for overseeing the Company’s operations, providing
advice to the BOD, and ensuring the implementation of GCG. Supervision is carried out collectively at two levels:
performance (providing advice and submitting proposals) and conformance (compliance with regulations). The BOC
also monitors the annual report, follow-up on audit findings, and all aspects of the Company’s business.
BOC members are appointed through the GMS for a five-year term and may be dismissed if they fail to perform their
duties in accordance with the Articles of Association. Reappointment is based on a performance evaluation conducted
by the Nomination and Remuneration Committee, which provides recommendations for the GMS decision.
BOC members must meet the requirements of integrity, legal capacity, a good track record, and relevant expertise.
They must not have been involved in financial crimes or violations of OJK regulations. Independent Commissioners
are also required to comply with additional independence requirements.
The composition of the BOC as at the end of 2025 was as follows:
1. President Commissioner: Francis Lay Sioe Ho
2. Commissioner: Kusmayanto Kadiman
3. Commissioner: Saurabh Narayan Agarwal
4. Independent Commissioner: Johanes Sutrisno
5. Independent Commissioner: Alfonso Napitupulu
In 2025, the composition of the BOC was changed several times, as stipulated in the EGMS resolutions held during the
year, namely:
1. Appointment of Francis Lay Sioe Ho as President Commissioner replacing Kusmayanto Kadiman based on the
EGMS resolution on 30 January 2025;
2. Resignation of Sunata Tjiterosampurno as Commissioner based on the EGMS resolution on 15 September 2025;
and
3. Appointment of Kusmayanto Kadiman as Commissioner based on the EGMS resolution on 15 September 2025.
Thus, the composition of the BOC before and after these changes is as follows:
Table 56 | Summary of Changes to the BOC Composition
After the EGMS
After the EGMS on 15 September
Before the EGMS on 30 January 2025 on 30 January 2025 up to the EGMS
2025 Onwards
on 15 September 2025
President Commissioner: President Commissioner: President Commissioner:
Kusmayanto Kadiman Kusmayanto Kadiman* Kusmayanto Kadiman
Commissioner: President Commissioner: Commissioner:
Sunata Tjiterosampurno Francis Lay Sioe Ho** Kusmayanto Kadiman
Commissioner: Independent Commissioner: Commissioner:
Saurabh Narayan Agarwal Johanes Sutrisno Saurabh Narayan Agarwal
Independent Commissioner: Independent Commissioner: Independent Commissioner:
Johanes Sutrisno Alfonso Napitupulu Johanes Sutrisno
Independent Commissioner: Commissioner: Independent Commissioner:
Alfonso Napitupulu Sunata Tjiterosampurno Alfonso Napitupulu
Commissioner:
- -
Saurabh Narayan Agarwal
* Term of office ends at the effective date of appointment of Francis Lay Sioe Ho as President Commissioner
** Effective as soon as 6 (six) months since the closing of the EGMS on 30 January 2025 and after obtaining approval from the regulator
The profile of each BOC member is presented in the BOC Profile section in the Company Profile chapter, pages 64–69.
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Highlights and Analysis
In 2025, the BOC carried out the following duties, including:
1. Held 11 BOC Meetings;
2. Held 11 Joint Meetings between the BOC and BOD;
3. Approved the appointment of the Public Accounting Firm (KAP in Indonesian abbreviation) for the 2025 financial
year;
4. Approved the Company 2026 operational plan; and
5. Approved the BOD’s proposed 2026 budget
The BOC provided the following recommendations in 2025:
1. Proposals for the nomination of internal Company officials;
2. Proposals for remuneration for the BOD and BOC;
3. Determination of the KAP;
4. Follow-up on the KAP recommendations;
5. Proposal for the allocation of profits from the 2025 financial year;
6. Proposals on strategic matters related to the Company’s business activities; and
7. Approval of BOD actions as stipulated in the Company’s articles of association.
The BOC also continuously enhances its competences and, in 2025, several of its members participated in training and
competence enhancement programs, including:
Graph 10 | BOC Competence Enhancement
February October
National Seminar on “OJK Policy Direction Seminar Nasional “Resilience and
for 2025 and the New Government’s Turnaround: Indonesia’s Economic
4 Economic Growth Strategy” 28 Direction”
Jakarta Jakarta
JS AN APPI KK APPI
Kusmayanto Alfonso
KK JS Johanes Sutrisno AN
Kadiman Napitupulu
More detailed information on the BOC is presented in the Corporate Data chapter, pages 236-239.
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Governance Statements
BOARD OF DIRECTORS
The Board of Directors (BOD) of BFI Finance has the full responsibility for managing the Company in the best interest
of the Company and its objectives, as well as representing the Company both in and out of court in all matters and
circumstances.
BOD members are appointed by shareholders in the GMS for a term lasting until the closure of the fifth AGMS
thereafter and may be dismissed by the GMS at any time before their term of office ends.
The Company’s BOD members come from diverse backgrounds to ensure optimal performance. As a membership
requirement, they must comply with Capital Market regulations and possess good character, morality, and integrity.
They must also be legally competent, have a clean track record, and be committed to regulatory compliance, relevant
expertise, and an understanding of legal aspects related to financing companies. Additionally, they must have the
knowledge, experience, and ability to make strategic decisions to ensure the healthy growth of the Company.
The composition of the BOD as at the end of 2025 was as follows:
1. President Director: Sutadi
2. Director: Sudjono
3. Director: Goklas
4. Director: Tan Rudy Eddywidjaja
5. Director: Iwan
In 2025, the composition of the BOD was changed several times, as stipulated in the EGMS resolutions held during the
year, namely:
1. Resignation of Francis Lay Sioe Ho as President Director and Andrew Adiwijanto as Director, based on the EGMS
resolution on 30 January 2025;
2. Appointment of Sutadi as President Director based on the EGMS resolution on 30 January 2025; and
3. Appointment of Tan Rudy Eddywidjaja as Director and Iwan as Director based on the EGMS resolution on 8 May
2025.
Thus, the composition of the BOD before and after these changes is as follows:
Table 57 | Summary of Changes to the BOD Composition
After the EGMS on 30 January 2025 After the EGMS on 8 May 2025
Before the EGMS on 30 January 2025
up to the EGMS on 8 May 2025 Onwards
President Director:
President Director: Sutadi* President Director: Sutadi
Francis Lay Sioe Ho
Director: Sutadi Director: Sudjono Director: Sudjono
Director: Sudjono Director: Goklas Director: Goklas
Director: Andrew Adiwijanto - Director: Tan Rudy Eddywidjaja**
Director: Goklas - Director: Iwan**
* Effective after obtaining approval from the relevant regulator and remaining in office as Director while concurrently serving as Interim President
Director
** Effective after obtaining approval from the regulator
The details on the division of duties and responsibilities of each BOD member are presented in the Corporate Data
chapter, pages 240-244.
The profile of each BOD member is presented in the BOD Profile section in the Company Profile chapter, pages 70–75.
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Highlights and Analysis
In 2025, the BOD held 12 BOD Meetings and attended 11 Joint Meetings with the BOC.
As part of the efforts to develop competencies in managing the Company professionally, in 2025 the BOD participated
in the following training and competence enhancement programs:
Graph 11 | BOD Competence Enhancement
February
National Seminar on “OJK Policy Direction
for 2025 and the New Government’s
4 Economic Growth Strategy”
Jakarta
ST GK APPI
September October
National Seminar on “Resilience and
Online Seminar on
Turnaround: Indonesia’s Economic
2 “Economic Outlook 2026” 28 Direction”
Jakarta Jakarta
SJ GK TRE IW APPI ST SJ TRE IW APPI
SJ GK TRE Tan Rudy IW
ST Sutadi Sudjono Goklas Iwan
Eddywidjaja
In carrying out its duties and responsibilities, the BOD is assisted by three BOD Committees: the Sharia Product and
Business Activity Development Committee, the Risk Management Committee, and the Information Technology
Steering Committee.
More detailed information on the BOD and its Committees is presented in the Corporate Data chapter, pages 244–250.
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Sustainability Corporate Data Appendices
Governance Statements
SHARIA SUPERVISORY BOARD
The Sharia Supervisory Board (SSB) of BFI Finance was established as a form of the Company’s compliance, which
as part of its business operations runs sharia financing businesses through the Sharia Business Unit (SBU). The
establishment of the SSB was based on the Decision of the EGMS on 25 October 2017.
The SSB has the following main duties and functions
1. Represent the National Sharia Board assigned to the Company;
2. Supervise business activities of the Company’s Sharia Representative Branches, to ensure compliance with Sharia
Principles;
3. Advise and facilitate the BOD, Head of SBU, and Heads of Sharia Representative Branches in matters related to
Sharia Principles; and
4. Act as a mediator between the Company and the National Sharia Board in presenting proposals and
recommendations for the development of the Company’s products and services which require the study and fatwa
of the National Sharia Board.
The composition of the SSB as at 31 December 2025 was as follows:
1. Chairman: Asrori S. Karni
2. Member: Helda Rahmi Sina
Both members of the SSB have passed the OJK’s fit and proper assessment. Their profiles are presented in the Sharia
Supervisory Board Profile section in the Company Profile chapter, on pages 76–78.
Both members of the SSB as at 31 December 2025 have complied with the provisions of Article 58 of POJK No. 48/2024
on Good Governance for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other
Financial Services Institutions (POJK 48/2024), on the concurrent positions of SSB members.
Members of the SSB have no financial and family relationships to the second degree with fellow SSB members, BOD
members, BOC members, and/or Controlling Shareholders, or relationships with the Company.
Table 58 | SSB Independence
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Asrori S. Karni
Helda Rahmi Sina
In 2025, the SSB held six meetings, with details of the dates and attendance presented in Table 59. The SSB meetings
were held in accordance with the provisions of Article 65 of POJK 48/2024.
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Highlights and Analysis
Table 59 | Schedule and Attendance of SSB Meetings
Date Asrori S. Karni Helda Rahmi Sina
11 February 2025
12 February 2025
14 February 2025
2 July 2025
11 July 2025
22 October 2025
Total Attendance of Each Member 6 6
Attendance Percentage of Each 100% 100%
Member
To enhance the competence of SSB members, the Company encourages their continuous participation in various
training programs and seminars.
The list of training programs and seminars attended by SSB members in 2025 is listed in Graph 12.
Graph 12 | SSB Competence Enhancement
June June
The 4th International Conference on Law,
Economic, and Governance (ICOLEG 2025) The 3rd National Seminar Series with the
with the theme “Progressive Law and theme “Indonesia in BRICS: Optimizing
Sustainable Development Goals: A Catalyst Regional Cooperation in Addressing the
3-4 23
for Environmental Justice in Global Dynamics of Global Tensions”
Uncertainty”
Semarang, Central Java Jakarta (online)
Indonesian Economic Scholars Association
AS Faculty of Law, Universitas Diponegoro HR
(Ikatan Sarjana Ekonomi Indonesia or ISEI)
AS Asrori S. Karni HR Helda Rahmi Sina
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July August
The 4th National Webinar Series with the The 5th National Webinar Series with the
theme “Testing the Effectiveness of Export theme “Improving the Tax Ratio Amidst
21 Foreign Exchange (DHE) Policy” 26 Economic Pressure: Strategies & Solutions”
Jakarta (online) Jakarta (online)
Indonesian Economic Scholars Association Indonesian Economic Scholars Association
HR HR
(Ikatan Sarjana Ekonomi Indonesia or ISEI) (Ikatan Sarjana Ekonomi Indonesia or ISEI)
September
The 10th Pre-Ijtima’ Sanawi (Annual
Meeting) Workshop of Sharia Supervisory
24-25 Board 2025
The 21st Ijtima’ Sanawi (Annual Meeting)
of Sharia Supervisory Board 2025 with the
theme “Strengthening the Role of the
26-27 Sharia Supervisory Board in Overseeing
Sustainable Sharia Financial Innovation”
Jakarta
National Sharia Council of the
Indonesian Ulema Council
AS AS
(Dewan Syariah Nasional Majelis
Ulama Indonesia or DSN-MUI)
AS Asrori S. Karni HR Helda Rahmi Sina
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AUDIT COMMITTEE
The Audit Committee was established in 2000 to support
the BOC in supervising the Company’s management,
with GCG principles and referring to POJK No. 55/
POJK.04/2015 on Establishment and Working Guideline
of the Audit Committee (POJK 55). The Audit Committee
is tasked with providing opinions, identifying important
issues, and carrying out other duties as directed by the
BOC.
The Audit Committee’s work guidelines are summarized
in the Audit Committee Charter, which ensures the
implementation of duties consistently, transparently,
and independently. This charter is prepared based on
the provisions of POJK 55 and updated through several
decisions of the BOC, most recently on 26 January 2021.
This document is available on the Company website and
covers the duties, responsibilities, and authorities of the
Audit Committee.
The Audit Committee consists of a minimum of three
members, including one Independent Commissioner
as Chairperson and two members from outside
the Company. Members must have high integrity,
competence in finance and accounting, and understand
the business and capital market regulations. They must
also meet various requirements, such as not having
an affiliated relationship with a related party of the
Company, not having shares in the Company, and being
willing to improve their competence continuously.
The composition of the Audit Committee as at 31
December 2025 was as follows:
1. Chairman: Johanes Sutrisno
(Independent Commissioner)
2. Member: Friso Palilingan
3. Member: Edy Sugito
The composition was ratified through the BOC Decree
No. BOC/SK/I/2021-001, effective 26 January 2021, and was
reaffirmed through the BOC Decree in Lieu of Meeting No.
BOC/SK/IX/2025–0188 on the Membership Composition
of the Committees, effective from 18 September 2025.
The profile of each committee member is presented in
the Audit Committee Profiles section in the Company
Profile chapter, pages 79–81.
In 2025, the Audit Committee held four meetings.
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During the reporting period, members of the Audit Committee attended the following training and seminars:
■ Johanes Sutrisno as Independent Commissioner concurrently serving as Chairman of the Audit Committee
attended one training/seminar as detailed in Graph 10.
■ Friso Palilingan attended eight trainings/seminars, as follows:
1. Continuing Professional Development (PPL in Indonesian abbreviation) “Update of the Latest PSAK in the
Preparation of Financial Statements”, 11 June 2025, conducted online by the Indonesian Institute of Certified
Public Accountants (IAPI in Indonesian abbreviation);
2. PPL “Implementation of PSAK 115 & 116: Challenges of Implementation and Implication to the Financial
Statements”, 13 June 2025, conducted online by IAPI;
3. PPL “KEPAP 2021: Compliance to Code of Conduct, Basic Principles of Ethics, NOCLAR, and Independent in
Audit Engagements, Review Engagements, and Other Insurance Engagements”, 19 June 2025, conducted in
Jakarta by IAPI;
4. Mandatory PPL for Public Accountants PPPK 2025–Batch 4, 25 July 2025, conducted in Jakarta by the Finance
Professions Supervisory Center (PPPK in Indonesian abbreviation) and IAPI;
5. Companion PPL for Mandatory PPL PPPK 2025 (Batch 6), 30 July 2025, held in Jakarta by PPPK and IAPI;
6. PPL “Implementation of PSAK 115 & 116: Challenges of Implementation and Implications for Financial
Statements”, 4 August 2025, held in Jakarta by IAPI;
7. PPL IAPI–OJK IKNB “Accounting and Audit Aspects and Regulations Surrounding the Financial Reporting of
Fintech Companies including Sharia Fintech Companies”, 29 August 2025, held in Jakarta by IAPI; and
8. PPL IAPI–OJK “Capital Market Sector: Accounting and Audit Considerations and Capital Market Regulations in
the Merger & Acquisition Process, and Update on Developments in the Indonesian Sharia Capital Market”, 16
September 2025, held in Jakarta by IAPI.
■ Edy Sugito attended four trainings/seminars, as follows:
1. Tax Webinar: Successful Tax Audit Strategy & 2025 Regulations Update with the theme “Dissemination of the
Latest Tax Regulations & Successful Strategy for Facing Tax Audits”, 22 April 2025, held online by the Indonesian
Issuers Association (AEI in Indonesian abbreviation) and the Directorate General of Taxes (DJP in Indonesian
abbreviation);
2. “Economic Outlook Indonesia & Global, Geo Politics & Policies of America’s New Administration”, 27 May 2025,
held in Jakarta by CReco Consulting & Research and PT Dharma Satya Nusantara Tbk (DSN Group);
3. “Global & Indonesia Economic Outlook 2026”, 6 August 2025, held in Jakarta by Indofood Group; and
4. Webinar “Cybersecurity Awareness FY25-26”, 13 September 2025, held online by the Texas Department of
Information Resources (DIR)..
The Audit Committee submits periodic reports to the BOC and/or on any assignments given, as well as an annual
report on the implementation of its activities, which is disclosed in the Company’s Annual Report.
The tasks included in the Audit Committee’s work program for 2025 were as follows:
1. Conducted the Audit Committee’s meetings every three months;
2. Evaluated the performance of external auditors and provided recommendations to the BOC on the appointment
of the external auditors;
3. Evaluated the compliance with rules and regulations applicable to multifinance companies and public companies;
and
4. Evaluated the internal control system and reporting of Internal Audit activities.
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RISK OVERSIGHT
COMMITTEE
The Risk Oversight Committee was established in 2003 to
assist the BOC in reviewing key risks in the Company’s risk
register, ensuring that evaluations of new and emerging
risks are conducted properly, and identifying necessary
follow-up actions.
The Risk Oversight Committee’s work guidelines are
outlined in the Risk Monitoring Committee Charter,
which is prepared based on the provisions of POJK No.
28/POJK.05/2020 on the Assessment of the Soundness
Level of Non-Bank Financial Institutions (POJK 28/2020),
POJK 48/2024 on Good Corporate Governance for
Multifinance Institutions, Venture Capital, Microfinance
Institutions, and Other Financial Services Institutions
(POJK 48/2024), and OJK Circular No. 7/SEOJK.05/2021 on
the Implementation of Risk Management for Financing
Companies and Sharia Financing Companies (SEOJK
7/2021). This charter has been updated through several
BOC resolutions, most recently on 13 May 2020. The
document is available on the Company website and
outlines the duties, responsibilities, and authority of the
Risk Oversight Committee.
The Risk Oversight Committee consists of two members,
including one Independent Commissioner as the Chair
and one member from outside the Company.
The composition of the Risk Oversight Committee as at
31 December 2025 is as follows:
1. Chairman: Johanes Sutrisno
(Independent Commissioner)
2. Member: Jono Effendy
This composition was ratified through the BOC Decree
No. BOC/SK/VI/2021-0092, effective as at 15 June 2021 and
reaffirmed through the BOC Decree in Lieu of Meeting No.
BOC/SK/IX/2025–0188 on the Membership Composition
of the Committees, effective from 18 September 2025.
The profiles of each committee member are presented
in the Risk Oversight Committee profile section in the
Company Profile chapter, page 82–83.
In 2025, the Risk Oversight Committee held five meetings.
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During the reporting period, members of the Risk Oversight Committee participated in the following training and
seminars:
■ Johanes Sutrisno, as an Independent Commissioner and concurrently Chairman of the Risk Oversight Committee,
attended one training/seminar as detailed in Graph 10.
■ Jono Effendy attended five trainings/seminars, as follows:
1. “The Short Essay and Video Reels Judge on The 26th Indonesia Accounting Fair (IAF) 2025 Accounting
Competition”, 3–31 January 2025, held in Jakarta by the Faculty of Economics and Business, Universitas Indonesia
(FEB UI);
2. Banking Risk Management Competence Certification Qualification Levels 4, 5, 6, and 7, 18 June 2025, held
in Jakarta by the Professional Certification Institute, Risk Management Certification Agency (LSP BSMR in
Indonesian abbreviation);
3. Inauguration of Certified Risk Management (CRM) BSMR and National Seminar “Banking Industry Readiness
in Responding to Climate Risk & Cyber Risk Escalation 2025”, 18 June 2025, held in Batam (Riau Islands) by LSP
BSMR and the Indonesian Risk Professional Association (IRPA);
4. “The Forum 2025: Navigating Geopolitical Threats and Opportunities in the Insurance Industry” from The Forum
– Indonesia Professional Insurance Forum, 6–8 August 2025, held in Yogyakarta by the Indonesian Insurance
Management Experts Association (AAMAI in Indonesian abbreviation); and
5. International Conference (The 15th ERMA Annual Conference) “Risk Beyond 2025” with the theme “Risk Odyssey:
Engineering Momentum, BGuilding a Resilient Risk DNA”, 4–5 December 2025, held in Bali by the Enterprise
Risk Management Academy (ERMA) and supported by the Center for Risk Management & Sustainability™
(CRMS) Indonesia.
The Risk Oversight Committee’s work programs are aimed at ensuring that the management had an early warning
system on the likelihood of risks that may affect the running of the Company, thus preventing the possibility of future
surprises.
The tasks included in the Risk Oversight Committee’s work program for 2025 were as follows:
1. Conducted quarterly meetings with the Company’s Risk Management Division and the BOD to discuss the risk
monitoring dashboard;
2. Ensured that the measures taken in the field of risk management have been implemented properly; and
3. Reviewed the risk management report on the Company’s risk exposure evaluation, especially in the risk-related
activities of multifinance companies, i.e., strategic risk, operational risk, assets and liabilities risk, managerial risk,
governance risk, funding risk, and financing risk, in accordance with POJK 28/2020, POJK 42/2024, and SEOJK
7/2021.
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NOMINATION AND REMUNERATION
COMMITTEE
The Nomination and Remuneration Committee was established in 2005 and is responsible to the BOC to assist the
functions and duties of the BOC in relation to the nomination and remuneration of the members of the BOD, BOC,
and other Committees under the BOC.
The work guidelines of the Nomination and Remuneration Committee are summarized in the Nomination and
Remuneration Committee Charter. Since 2015, this charter has referred to the provisions in POJK No. 34/POJK.04/2014
on the Nomination and Remuneration Committees of Issuers or Public Companies (POJK 34/2014). This document
is available on the Company website and outlines the duties, responsibilities, and authority of the Nomination and
Remuneration Committee.
The Nomination and Remuneration Committee consists of three members, including one Independent Commissioner
as the Chairman and two members.
The composition of the Nomination and Remuneration Committee as at 31 December 2025 is as follows::
1. Chairman: Alfonso Napitupulu (Independent Commissioner)
2. Member: Francis Lay Sioe Ho (President Commissioner)
3. Member: Luki Sri Herlambang (Head of Compensation, Benefits & Rewards)
This composition was approved through the BOC Decree in Lieu of Meeting No. BOC/SK/IX/2025–0188 on Membership
Composition of the Committees, effective since 18 September 2025.
The profiles of each committee member are presented in the Nomination and Remuneration Committee Profiles
section in the Company Profile chapter, pages 84–85.
In 2025, the Nomination and Remuneration Committee held three meetings.
During the reporting period, the members of the Nomination and Remuneration Committee attended the following
training and seminars:
■ The 2025 training/seminar attended by the Chairman of the Nomination and Remuneration Committee, Alfonso
Napitupulu, is detailed in Graph 10. As for Francis Lay Sioe Ho as member of the Committee, he did not attend any
training/seminar in 2025.
■ Luki Sri Herlambang attended three trainings/seminars, as follows:
1. Webinar “Creating a Prosperous Old Age: Strategies for Increasing Pension Fund Participation in the Informal
Sector”, 21 August 2025, held online by the OJK Institute;
2. “PSAK 219 Actuarial Training”, 10–11 September 2025, held in Jakarta by the Actuarial Consultant Office (KKA in
Indonesian abbreviation) Steven & Mourits; and
3. Webinar “Extra Preparation for Retirement”, 18 December 2025, held online by the Financial Institution Pension
Funds (DPLK in Indonesian abbreviation) Manulife Indonesia.
The Nomination and Remuneration Committee shall report the performance of its duties, responsibilities, as well
as the nomination and remuneration procedures, to the BOC as part of the BOC performance report which shall
be submitted to the GMS. The nomination and remuneration functions’ implementation shall be reported by the
Company in its Annual Report and website.
The work program of the Nomination and Remuneration Committee in 2025 included evaluating the BOD proposals
regarding the determination of remuneration for the members of the BOD, BOC, and other Committees, to be
submitted to the BOC.
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CORPORATE SECRETARY
BFI Finance’s Corporate Secretary was established pursuant to the BOD Decree No. SK/BOD/II/25-0017 dated 31 January
2025 to facilitate effective communication between BFI Finance and the shareholders, OJK, and other stakeholders,
including investors. The Corporate Secretary is appointed and dismissed by the BOD decree.
As part of its function, in accordance with POJK No. 35/POJK.04/2014 on Corporate Secretary of Issuers or Public
Companies (POJK 35/2014), the Corporate Secretary is responsible for the implementation of GCG, the preparation
of management reports as well as other secretarial activities, legal handling, public relations, quality management
system, and information management system. Any information disclosed by the Corporate Secretary to the public is
considered as the official Company information.
Corporate Secretary is an individual position and is responsible for work units that carry out the functions of Corporate
Secretary, including:
1. Corporate Secretary & Compliance Department, led by a Corporate Secretary and concurrently Head of Corporate
Compliance; and
2. Investor Relations, which maintains communications with the investors of the Company.
The position of Corporate Secretary may be held concurrently by a BOD member.The Corporate Secretary shall not
hold any other concurrent position in other issuers or public companies.
Requirements for the Corporate Secretary position are as follows:
1. Legally competent;
2. Possess knowledge and understanding in the fields of law, finance, and corporate governance;
3. Understand the Company business activities;
4. Able to communicate well; and
5. Domiciled in Indonesia
CORPORATE SECRETARY PROFILE
The Corporate Secretary as at 31 December 2025 was held by Budi Darwan Munthe. His profile is presented below:
Budi Darwan Munthe
Corporate Secretary
Indonesian Citizen
Age: 52
Domicile: Bekasi, West Java
He serves as Corporate Secretary based on BOD Decree (Corporate Secretary Appointment
Letter) No. SK/BOD/I/25-0017 dated 31 January 2025, and has concurrently served as Head of
Corporate Compliance since 2017. Previously, he held various positions within the Company,
Profile
including Operations Officer, Head of General Affairs & Services, and Corporate Secretary
Assistant. He graduated with a Bachelor of Economics degree in Accounting from Universitas
Gadjah Mada in Yogyakarta in 1996.
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CORPORATE SECRETARY DUTIES AND RESPONSIBILITIES
The duties and responsibilities of the Corporate Secretary pursuant to POJK 35/2014 are as follows:
1. Follow the development of the capital market, particularly regarding applicable laws and regulations in the capital
market and inform them to the BOC, BOD, and other stakeholders of the Company;
2. Provide input to the Company’s BOD and BOC to ensure their compliance with applicable laws and regulations in
the capital market;
3. Assist the BOD and the BOC in the implementation of GCG, which includes:
a. Information disclosure to the public, including ensuring the information availability on the website;
b. Timely report submission to OJK, IDX, and other regulatory institutions;
c. GMS and the documentation thereof, including preparation (reporting of GMS plan, announcement,
distribution of summons, and GMS resolutions submission), GMS material preparation (including the Company
Annual Report), and GMS execution;
d. Arrangement and documentation of the BOD and the BOC Meetings; and
e. Organization of the Company’s induction program for new members of the BOD and the BOC as well as other
Committees under the BOC;
4. Act as a liaison officer between the Company and its shareholders, OJK, and other stakeholders.
Duties carried out by the Corporate Secretary in 2025 include:
1. Provided input to the BOD and the BOC regarding capital market developments, including new regulations in the
capital market issued by OJK and IDX;
2. Maintained rapport with Capital Market Authority and prepared reports on the Company’s information disclosure
pursuant to the applicable laws and regulations;
3. Published the Company information transparently, which included information disclosure report on the GMS,
periodic financial statements, annual report, sustainability report, public expose, share registration statements, ad-
hoc reports related to new development plans, sustainable finance action plans (RAKB in Indonesian abbreviation)
and annual business plans (RBT in Indonesian abbreviation) to OJK, as well as provided necessary information to
shareholders;
4. Sent notices and prepared all matters related to GMS and published the results;
5. Coordinated and administered share ownership records and corporate actions;
6. Prepared the BFI Finance 2024 Integrated Annual Report;
7. Overseeing various corporate communication programs through the Corporate Communication Unit as part of
the Corporate Secretary & Compliance Department;
8. Maintained rapport with the media and other information channels;
9. Coordinated the Company meetings and public exposes, and prepared their minutes;
10. Coordinated corporate actions;
11. Corresponded with OJK 129 times and with IDX 75 times.
As part of the competence development, the Corporate Secretary attended an online seminar in 2025, namely a
Webinar titled “The Domino Effect of Trump Tariffs: Threat or Opportunity for the Indonesian Economy?”, 15 May 2025,
organized online by the OJK Institute.
More detailed information on the Company’s Corporate Secretary is available on the Company website at
https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/Corporate-Secretary.
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INTERNAL AUDIT
The Internal Audit provides independent and objective assurance and consulting internally for the Company. This
department is directly accountable to the President Director and has direct access to the Audit Committee to ensure
that its duties are carried out independently.
The Internal Audit Department was established on 31 March 2010 based on the Appointment Letter for the Company’s
Internal Audit Members. Its establishment is in line with POJK No. 56/POJK.04/2015 on the Establishment and
Guidelines for the Preparation of the Internal Audit Unit Charter (POJK 56/2015).
The Internal Audit Department operates based on the Internal Audit Charter, which was established on 1 March 2009
and reviewed on 26 January 2021. This charter covers the technical, operational, and ethical aspects for each member
of the Internal Audit Department.
INTERNAL AUDIT DUTIES, RESPONSIBILITIES, AND AUTHORITY
The duties and responsibilities of the Internal Audit function include:
1. Prepare and execute the annual Internal Audit plan;
2. Examine and evaluate the implementation of internal control and risk management systems in accordance with
the Company policies;
3. Examine and assess the efficiency and effectiveness of finance, accounting, operations, human capital, marketing,
information technology and other activities;
4. Provide suggestions for improvements and objective information about the activities examined at all levels of
management;
5. Prepare audit reports and report them to the President Director and the BOC;
6. Monitor, analyze, and report on the implementation of the followed up improvements that have been suggested;
7. Cooperate with the Audit Committee;
8. Develop a program to evaluate the quality of Internal Audit activities it carries out;
9. Carry out special examinations/audits if needed; and
10. Compile a ranking/scoring of audit results per branch office to assess the level of compliance of each branch office
with the prevailing regulations, policies and other provisions.
The Internal Audit Department has the authority to:
1. Access all relevant Company information related to its duties and functions;
2. Communicate directly with the BOD, the BOC, and/or the Audit Committee as well as members of the BOD, the
BOC, and/or the Audit Committee;
3. Hold regular and incidental meetings with the BOD, the BOC, and/or the Audit Committee; and
4. Coordinate its activities with external auditors’ activities
INTERNAL AUDIT STRUCTURE
In the good corporate governance structure at BFI Finance, the Internal Audit Department is responsible for
improving the Company’s operational processes through coordination with the Audit Committee, which is structurally
accountable to the BOC. The Internal Audit Department is led by the Head of Internal Audit and must consist of at
least ten members from within the Company. Therefore, all staff of the Internal Audit Department are subject to the
Company’s regulations, including procedures for the appointment, dismissal, and performance evaluation of Internal
Audit members.
The Head of Internal Audit is appointed and dismissed by the President Director with the approval of the BOC. If the
Head of Internal Audit does not meet the requirements as an internal auditor and/or is not competent in performing
their duties, the President Director may dismiss them with the approval of the BOC.
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Graph 13 | Structure of Internal Audit Department
OPERATIONAL AUDIT HEAD
BUSINESS & CREDIT ASSET MANAGEMENT OPERATIONAL &
AUDIT HEAD AUDIT HEAD NON-RETAIL AUDIT HEAD
BUSINESS & CREDIT ASSET MANAGEMENT REGIONAL
AUDIT - HEAD OFFICE AUDIT - HEAD OFFICE AUDIT HEAD
RETAIL COMPLIANCE AUDIT
SUPERVISOR
NON-RETAIL COMPLIANCE
AUDIT SPECIALIST
RETAIL COMPLIANCE AUDIT
SPECIALIST
FIELD AUDIT SPECIALIST
Color Description
Work Location: Regional
Work Location: Head Office
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HEAD OF INTERNAL AUDIT
SYSTEM & GENERAL AUDIT
HEAD
AUDIT DEVELOPMENT & DATA INVESTIGATION AUDIT SYSTEM
GENERAL AUDIT HEAD
PERFORMANCE HEAD AUDIT HEAD ANALYTICS HEAD
AUDIT QUALITY BUSINESS & CREDIT INTERNAL CONTROL AUDIT SYSTEM ANALYTICS
ASSURANCE SPECIALIST DATA AUDIT SPECIALIST SPECIALIST SPECIALIST
AUDIT PERFORMANCE & ASSET MANAGEMENT AUDIT TECHNOLOGY
TOOLS SPECIALIST DATA AUDIT SPECIALIST SPECIALIST
AUDIT DEVELOPMENT
SPECIALIST
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INTERNAL AUDIT QUALIFICATIONS
In general, the qualifications for members of the Internal Audit Department include:
1. Have integrity and professional, independent, honest, and objective behavior in carrying out their duties;
2. Have knowledge and experience on technical auditing and other disciplines relevant to their field of work;
3. Have knowledge of the laws and regulations in the capital market sector and other related laws and regulations;
4. Have the skills to interact and communicate both verbally and in writing effectively;
5. Must comply with professional standards issued by the Internal Audit association;
6. Must comply with the code of ethics of Internal Audit;
7. Obliged to maintain the confidentiality of the Company’s information and/or data related to the implementation
of the duties and responsibilities of the Internal Audit, unless required by laws and regulations or court decisions;
8. Understand the principles of good corporate governance and risk management; and
9. Willing to continuously improve their knowledge, skills and professional abilities
Qualifications for the Head of Internal Audit are:
1. Provide an assessment of the adequacy and effectiveness of the processes carried out by the Company to control
its activities and manage risks from its coverage areas;
2. Periodically provide information on the status and results of the annual audit planning and adequacy of resources;
and
3. Obliged to take responsibility for the implementation of his/her duties to the President Director and the BOC
through the Audit Committee.
An Internal Auditor is not allowed to carry out concurrent duties as an executor of operational activities in the
Company, except with written approval from the President Director and President Commissioner without reducing
the Company’s internal control functions. In the event that there are double duties, if the department/work unit where
the party concurrently holds the position is being audited, then the person concerned may not be involved in the audit
process.
INTERNAL AUDIT CODE OF CONDUCT
1. Integrity
The integrity of Internal Auditors create trust so as to bestow confidence on the conclusions drawn.
2. Objectivity
Internal Auditors demonstrate the highest level of objectivity and professionalism in retrieval, evaluation, and
dissemination of information regarding the activities or processes being audited. Internal auditors carry out a
balanced assessment of all relevant conditions and are not influenced by personal interest or other parties’ interests
in making a conclusion.
3. Confidentiality
Internal Auditors respect the value and ownership of information and data received and do not disseminate such
information and data without the approval of the authorized parties.
4. Competency
Internal Auditors have the necessary knowledge, expertise and experience to carry out their functions.
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PROFIL HEAD OF INTERNAL AUDIT
Fledy Rizmara
Head of Internal Audit
Indonesian Citizen
Age: 45
Domicile: Jakarta
He has served since 2014, based on the Company’s BOD Decree No. SK/BOD/VII/14-
009 dated 16 July 2014. He has worked at BFI Finance since 2005 as Audit Staff, then
appointed as Audit Team Leader in 2007, Audit Supervisor in 2010, General Audit Unit
Head in March 2011, and Field Audit Unit Head in August 2011. He obtained his Bachelor of
Economics in Accounting degree from the Islamic University of Indonesia (UII) in 2004.
He has been active as trainer in various training programs for the Company employees
since 2009, and has also participated in the following competence development
programs including:
■ Basic Principles of Internal Audit by BFI Finance (internal)
Profile ■ Fraud Detection by BFI Finance (internal)
■ Middle-Management Development Program (MMDP) 1st Batch, by BFI Finance in
collaboration with Prasetiya Mulya Business School
■ Know Your Customer by BFI Finance (internal)
■ Problem Solving & Decision Making by BFI Finance (internal)
■ Situational Leadership Training by BFI Finance (internal)
■ Fraud Mitigation & Investigation Training by BFI Finance (internal)
■ Training of Basic Certification Program – a training program by APPI for managerial
certification in the form of ‘Basic Financing Certification’ from PT Sertifikasi Profesi
Pembiayaan Indonesia (SPPI)
In carrying out their duties, the Head of Internal Audit led 222 internal auditors working at the Company as at 31
December 2025. They comprised:
1. General Auditors: 67 auditors;
2. Field Auditors: 131 auditors; and
3. Head Office: 24 auditors.
ACTIVITIES AND FOLLOW-UP ON AUDIT FINDINGS
The Internal Audit Department independently audits financial aspects, monitors compliance with policies and SOPs,
and evaluates the effectiveness of the Company’s internal control systems based on the Risk-Based Audit concept
established by the Risk Oversight Committee and the Audit Committee. Findings that may cause harm are reported
to both committees.
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To maintain independence and objectivity, members of the Internal Audit Department are not involved in operational
responsibilities within work units or business functions. Audits are conducted across the head office and branches,
covering financial audits, compliance audits, and internal control audits.
The Internal Audit Department carried out the following tasks in 2025:
1. Compilation of the 2025 annual audit work program and evaluation of 2024 implementation;
2. Audit of work units at head office and branches, in the form of 443 audits and 138,334 visits to branches, as well as
10 audit projects at the head office;
3. Monitoring the implementation of audit recommendations as agreed; and
4. Regular meetings with the Audit Committee to discuss the Internal Audit work program and other matters related
to findings in accordance with the Audit Committee’s supervisory function.
The management has responded to the internal audit findings. In the case of fraud that was uncovered, the Company
applied gradual penalties, starting from reimbursement for the Company’s losses to termination of employment. The
financial loss to the Company in 2025 was less than 0.1% of its total revenue.
The Company’s internal audit team participated in the following competence enhancement programs in 2025:
1. Learning Partner Development Program (LPDP) for Subject Matter Expert (SME);
2. LPDP for Trainers;
3. LPDP for Trainer Coordinator;
4. Great Leaders Program (GLP);
5. Leadership Development Program (LDP); and
6. Audit Assessment until end of 2025.
INTERNAL CONTROL SYSTEM
The internal control system is part of an integrated business process that ensures that all activities are carried out in
accordance with the prevailing rules and support the achievement of the Company goals, which include effective and
efficient business activities, accurate and reliable financial reporting, and prudent asset maintenance.
FINANCIAL AND OPERATIONAL CONTROL
In controlling the financial aspect, the Company separates the function of recording transactions from the cash
disbursement function. The Company also runs a tiered budget approval mechanism that involves a check and
re-check process.
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In controlling the operational aspect, the Company assesses the level of compliance of each function with the relevant
policies and procedures implemented through the implementation of Guidelines for Business Principles, operational
guidelines, procedures, implementation manuals, work instructions, and other reference documents.
INTERNAL CONTROL SYSTEM COMPONENTS
The internal control system consists of the following components:
1. Control Environment
The BOD and all employees must create and maintain a work environment with a positive attitude, support the
internal control, and carry out sound management.
2. Risk Assessment
Each work unit must identify, analyze, and assess the relevant risks in relation to its operational activities, both
within and outside of the Company.
3. Control Activity
This activity is applied to the implementation of activities at every level and unit in the organizational structure of
the Company, among others, by regulating authority, authorization, verification, reconciliation, appraisal of work
performance, division of duties, and safeguarding of assets.
4. Information and Communication System
The Company prepares reports on its operational and financial activities as well as compliance and compliance
with laws and regulations in a timely, accurate, clear and objective manner.
5. Supervision
The Company assesses the quality of its internal control system, including the Internal Audit function at each level
and unit.
Overall, the Company maintains a tiered control system covering the Company governance bodies, as follows:
1. BOC: supervises and directs the Company’s management process, financial report preparation, and risk oversight
by applying the precautionary principle;
2. BOD: implements policies and work procedures in accordance with applicable regulations, including risk
management and mitigation, determination of the Company’s strategic plans, and the division of duties and
authorities of each member of the BOD;
3. Internal Audit: conducts audits and improves the performance of internal control in various operational and
financial activities of the Company;
4. BOD: follows up on all audit findings based on the Internal Audit report; and
5. Audit Committee: assesses the implementation of activities and the results of audits conducted by the Internal
Audit in order to provide recommendations for improvements to the Internal Control System. The Audit Committee
also ensures that there is a procedure for reviewing information issued by the Company and for identifying matters
requiring the attention of the BOC.
EVALUATION OF INTERNAL CONTROL SYSTEM’S EFFECTIVENESS
Using the Internal Audit Department and according to the Audit Committee evaluation criteria, the Company has
evaluated the efficacy of the internal control system for the Company financial reporting as at 31 December 2025.
The result of the evaluation of the internal control system’s efficacy contains recommendations on the results of internal
and external audits as input for management in taking corrective steps and improving policies and the internal control
system, in order to support the achievement of the Company objectives.
The BOC and the BOD concluded that up to 31 December 2025, the Company’s internal control system over its financial
reporting had been effective, and that this system is adequate for the scope of business the Company is currently
engaged in.
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RISK MANAGEMENT
In 2025, the multifinance industry landscape stagnated as weakened public purchasing power had led to a decline
in the quality of financing assets. At the same time, the industry’s digital transformation increasingly shifted the risk
focus towards cybersecurity and data integrity. Against this backdrop, BFI Finance remained consistently alert to the
potential increase in non-performing loans and liquidity risk, ensuring that business growth remained aligned with
principles of prudence, to maintain its performance stability throughout the year.
The complexity of the risks faced by the Company shifted slightly compared with 2024, particularly in the digital
domain as market penetration deepened. Digitalization and a more agile, data-driven operating model have indeed
improved efficiency, yet they have also broadened the Company’s operational risk touchpoints.
As part of its digital transformation, risk management has been integrated into every stage of technology development.
BFI Finance consistently implements its Information Technology Risk Management policy and maintains ISO 27001
certification for data security. The primary focus remains on mitigating risks related to critical applications to ensure
smooth services for customers.
The Company also focuses on managing product-specific risks across its product offerings. Digital innovation,
product diversification, and strategic collaborations continue to be strengthened through meticulous risk oversight.
This approach safeguards BFI Finance’s business sustainability while sharpening its competitive edge in Indonesia’s
multifinance industry.
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RISK MANAGEMENT STRATEGIES AND PERFORMANCE IN 2025
BFI Finance’s risk management strategy throughout 2025 was geared towards maintaining the quality of financing
portfolio amid shifts in customer risk profiles. The principal focus of risk management was on credit risk, particularly on
controlling NPF, in light of pressures weighing down the public purchasing power that affected repayment capacity
across several financing segments.
In 2025, BFI Finance’s NPF stood at 1.39%, lower than the industry average of around 2.51%. Nevertheless, the Company
continued to strengthen various measures to sustain this performance on an ongoing basis.
Credit risk management was carried out through a combination of process reinforcement, sharper customer
segmentation, decision-making standardization, and strengthened governance and cross-functional coordination.
These steps were applied consistently across the Company’s main financing segments, taking into account the risk
characteristics and market dynamics of each segment.
The Company observed changes in the risk profile of certain customers that led to reduced repayment capacity amid
economic pressure and weakened purchasing power. In response to this, the risk management strategy had been
directed towards strengthening customer segmentation through more selective screening of prospective customers
with certain risk profiles. The Company simultaneously maintained the quality of relationships with existing customers
with sound repayment track records.
In addition to the acquisition stage, enhancements were made to the collection strategy. The Company prioritized
early handling, particularly in categories whose payment delinquency risks were still low. Collection efforts were
conducted in an increasingly segmented manner by leveraging risk mapping and customer characteristics, so that
handling strategies could be tailored to each case’s conditions.
From a process perspective, the Company continued to ensure that every stage of financing was carried out in
accordance with applicable policies. Any risk gaps or loopholes identified through internal evaluation were followed
up by policy adjustments to maintain consistent implementation of risk management across the entire operational
network.
As part of the initiative to strengthen risk management, in 2025 BFI Finance ran a pilot project for an automated
decision system in several regions for high-volume product segments. This system implementation was designed as a
controlled trial to further promote data-driven decision-making and to evaluate decision standardization approaches
for financing decisions, particularly at the final approval stage of applications, which was shifted to a data-based
decision engine.
This system encouraged more stringent discipline in the quality of data used in decision-making. Since the decisions
generated depend entirely on the validity and completeness of the data, data quality became a critical factor in
managing credit risk. Even so, not all financing scenarios were processed through this system. The Company continued
to view subjective input from manual decision-making as crucial. Accordingly, the automated system was applied
selectively, and evaluated on a periodic basis.
From an organizational standpoint, strengthened risk governance was reflected in greater alignment between the risk
team, business team, and collection team. This alignment was considered an important prerequisite for maintaining
portfolio quality, given differences in operating conditions across regions. With operations spanning 16 areas across
Indonesia, cross-functional alignment continued to be strengthened from head office to branch level.
Overall, BFI Finance’s risk management strategy and performance in 2025 were built on a risk governance framework
that emphasized process consistency, prudence in customer segmentation, testing new approaches through pilot
projects, and strengthened cross-functional coordination. Through these measures, the quality of financing portfolio
was successfully maintained, supporting the Company’s performance amid a challenging market.
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2025 RISK MATRIX
BFI Finance classifies various risks in its business based on POJK No. 42/2024 on Implementation of Risk Management
for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services
Institutions (POJK 42/2024), and maintains a risk matrix describing the potential impacts and mitigation of each risk
factor
Table 60 | Risk Matrix in 2025
No. Risk Type Source Potential Impact Mitigation Risk Rating
1. Strategic Failure to set All business 1. Active supervision of BOC and Middle–Low
Risk appropriate and operational BOD
strategy to achieve aspects 2. Periodic evaluation and
main objectives adjustment of strategic plans
2. Operational Failure of internal Products and 1. SOP preparation and Middle–Low
Risk and external services; business implementation for each work
processes; processes; process to prevent violation
disruption to operational 2. Running of Operational Risk, Risk
operational activities; systems Policy & Portfolio, and Anti-Fraud
and financial and infrastructure; Units
processes; reputation 3. Running of Disaster Recovery
regulation issues; Plan and Disaster Recovery
internal or external Center
frauds 4. Internal Audit monitoring
5. Comprehensive awareness and
fraud prevention programs
6. Early warning indicators
3. Financing Failure of debtors Financial 1. Existence of policies and Middle–Low
Risk (Credit to fulfill their condition; procedures to determine target
Risk) obligations to the reputation markets, credit approvals,
Company; changes interest rate, rate limits, and
in external factors exposures using the analyses of
the Credit Operations Unit
2. Collection management
3. Implementation of MIS to
measure portfolio performance
4. Quick and accurate problem
detection and problem solving
5. Stress test and early detection
system
6. Portfolio diversification policies
and customer base
7. Implementation of data-driven
analytics to screen customers
and ensure debtors’ quality
8. Leveraging of legal recourse to
boost effectiveness of collection
and asset recovery
9. Loan loss provisions in
accordance with PSAK 71
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No. Risk Type Source Potential Impact Mitigation Risk Rating
4. Market Risk Changes in market None 1. Hedging for all debts taken in Middle–Low
prices of the foreign currencies
portfolio positions 2. Disbursement of financing in
and administrative rupiah
accounts including
derivative
transactions
5. Liquidity Failure to service Financial 1. Effective management of cash Middle–Low
Risk obligations that condition; flows
have come due reputation 2. Gathering and analysis of data
and key indicators
3. Management of liquidity, gaps,
and pricing
6. Legal Risk Failure that may All business 1. Proper business conduct in Middle–Low
result in legal and operational financing in accordance with the
weaknesses aspects prevailing regulations
2. Transparency in every financing
provided
3. Review of every clause in the
financing document by the legal
team
7 Compliance Non-compliance Financial 1. Proper business conduct in Middle–Low
Risk with the prevailing condition; business financing in accordance with the
regulations operations; prevailing regulations
reputation 2. Timely fulfillment of obligations
related to the authorities
8 Reputation Events that may Reputation 1. Collection and collateral Middle–Low
Risk create a negative execution activities ensured to
perception on the be in line with ethics and the
Company prevailing regulations
2. Civil and rapid handling of
complaints from debtors and the
public
3. Monitoring of negative
reporting from mass media
and social media, and providing
explanation as required
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Graph 14 | Map of Diversification of Financing by Managed Receivables
20.8% 12.4%
Sumatra Kalimantan
26.6% 13.9%
Greater Jakarta
26.3%
Sulawesi and Eastern
Indonesia
Java and Bali
RISK MANAGEMENT IMPLEMENTATION FRAMEWORK
Responding to the guidance and guardrails issued by the OJK, the Risk Management Department has ensured that
the implementation of the Company’s risk management system remains attuned to the OJK’s five principles for
financial services institutions.
This risk management system is comprehensively guided by a framework that encompasses:
1. Active Supervision of the BOD and BOC
The BOD and BOC perform their respective duties in relation to risk management. The BOC is assisted by the Risk
Management Committee in approving the Company’s risk management framework and policies. The BOC grants
authority to the BOD to perform business activities in line with the Company’s risk profile and risk appetite.
2. Adequacy of Policies, Procedures, and Risk-limit Setting
The Company’s risk management policies, procedures, and limits are regularly assessed to ensure their adequacy
as well as alignment with business activities and strategies, segment of new products and customers, and the
regulations. These policies include authorization for credit transactions and accounts receivable loss reserve.
3. Adequacy of Identification, Assessment, Monitoring, and Risk Control Processes
The Company maintains adequate mechanisms and structures for risk management, from identifying risks all the
way to mitigating them. The scope of these mechanisms covers customers’ profile setting to customers’ obligation
settlement.
4. Risk Management Information System
The Company’s risk management system draws from its extensive database and is supported by internal procedures
to improve the quality of risk management and portfolio performance reporting. The database also incorporates
the wider industry’s List of Suspected Terrorists and Terrorist Organizations and Politically Exposed Persons (PEPs).
5. Comprehensive Internal Control System
The Company’s internal control system follows the Three Lines of Defense approach: supervisory, control, and
management functions.
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a. First Line of Defense
Business, financial, operational, and transformation units are responsible for setting up its own internal control
mechanism, identifying, assessing, overseeing, and mitigating risks. Their main responsibility is to manage risk
exposure daily in accordance with established market targets, policies, and procedures.
b. Second Line of Defense
The Asset Management Department, under the Asset Management Directorate, conducts independent
oversight, reviews and approves strategies and acceptable risk levels, and collaborates with business and
operational units to ensure risks are managed within the established limits. The Financial Control Department,
under the Finance Directorate, manages and establishes the overall budget along with acceptable risk levels,
monitors their compliance, and oversees short-term and long-term funding sources as well as liquidity positions
based on the quality of the portfolio’s developments. The Legal & Litigation Unit, under the supervision of the
Asset Management Department, manages compliance risks related to legal matters and is responsible for
ensuring that all applicable regulations are communicated and adhered to by the relevant units.
c. Third Line of Defense
The Internal Audit Department periodically conducts independent audit and assessment on each process
undertaken by each unit on the first and second lines of defense.
BFI Finance applies this comprehensive risk management system to ensure its business continuity, by managing each
of the risk factors in its operations. A particular attention is given to the risk factors arising from criminal acts related
to Anti-Money Laundering, Combating the Financing of Terrorism, and Counter Proliferation Financing of Weapons
of Mass Destruction (AML–CFT–CPF) and Personal Data Protection, the mitigation of which is prioritized by the Risk
Management Department. Furthermore, the Company evaluates this risk management system periodically to ensure
effective implementation, enhancing it with new features and the latest standards.
Graph 15 | Risk Management Structure
General Meeting of
Shareholders
Board of
Commissioners
Risk Oversight Nomination and
Audit Committee
Committee Remuneration Committee
President Director
AML-CFT-CPF
Transformation Asset Management
Business Directorate Finance Directorate
Directorate Directorate
Audit Internal Risk Management Financial Control Asset Management
Operational Risk Anti-Fraud Legal & Litigation
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EVALUATION OF RISK MANAGEMENT SYSTEM EFFECTIVENESS IN
2025
BFI Finance’s Risk Management team reports the Company’s risk profile on a quarterly basis to the Risk Oversight
Committee. This Committee supports the BOC’s oversight function, which in turn provides advice and direction to the
BOD on enhancements to the Company’s risk management system.
In 2025, the Company conducted a self-assessment of its risk profile with reference to POJK No. 28/POJK.05/2020 on
the Assessment of the Soundness Level of Non-Bank Financial Services Institutions (POJK 28/2020) as well as POJK
42/2024. The assessment results showed that BFI Finance’s aggregate risk profile remained within the Medium–Low
Risk category as at the end of 2024.
The findings of this self-assessment were reinforced by the routine quarterly evaluations conducted by the Risk
Oversight Committee. Based on the overall assessment and evaluation process, BFI Finance’s risk management
implementation was considered to have been comprehensively and effectively carried out throughout 2025.
In light of the above, the BOD and the BOC, through the Audit Committee, stated that the Company’s risk management
system was appropriately designed and adequately implemented in 2025.
With the support of an effective risk management system, the Company was able to maintain its financial performance
at a higher level relative to the industry, despite facing certain hurdles in the form of deteriorating financing portfolio
quality and slowing growth in the multifinance sector.
2026 RISK MANAGEMENT FOCUS AND DEVELOPMENT PLAN
Entering 2026, BFI Finance plans to further sharpen the direction of its risk management, amid continued global
economic uncertainty and the absence of any indication of improvement in the domestic market. Accordingly, risk
management is positioned as an important foundation to maintain portfolio quality while supporting measured
business development.
The initial strengthening of risk management in 2026 has begun with the establishment of a corporate-level risk
appetite. This strategic decision will influence the direction of financing disbursements, sales strategy, and the balance
between growth and portfolio performance going forward.
Beyond credit risk, the Company views operational risk as a key area to be strengthened. The increasing frequency
and impact of natural disasters—partly rooted in climate change—underscore the need for faster coordination,
more responsive analysis, and the development of impact simulations on the portfolio and operations as a basis for
management decision-making.
Strengthening operational risk also includes closer attention to data governance, including potential data leakage that
may arise from day-to-day operational practices. Accordingly, a review of data management and access is considered
necessary to apply prudential principles consistently across the organization.
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LEGAL CASES
There were 57 ongoing legal cases faced by the Company as at the end of 2025. A total of 45 cases are taking place in
court, with the rest being handled by the Consumer Dispute Settlement Agency (BPSK in Indonesian abbreviation).
Based on the assessment carried out by the Company, these cases and/or legal cases did not have significant/material
impacts on the Company’s business continuity, and were part of the Company’s routine activities. The total outstanding
principal from all these cases is Rp8.8 billion or 0.03% of the Company’s Total Managed Receivables
Table 61 | Legal Cases in 2025
Case Type Handling Institution Number of Cases BFI Finance’s Status
As Plaintiff: 2
Local District Courts 45 As Defendant and
Consumer Dispute Co-Defendant: 43
BPSK 12 As Complainee: 12
Total 57
The Company has ensured that all of the above cases will have no significant or material negative impact on the
Company’s business continuity and they are part of the Company’s normal course of doing business
ADMINISTRATIVE SANCTIONS
In 2025, the Company received 15 administrative sanctions from the OJK in its capacity as the regulator, comprising 5
fines, 3 written reprimand, and 7 written warning.
Table 62 | Administrative Sanctions in 2025
Type of Sanction Description Occurrences
Fine related to submission of Debtor Reports and/or corrections to Debtor
Fine 5
Reports through SLIK
Written reprimand related to the violation of provisions regarding Monthly
2
Written Reports
Reprimand Written reprimand related to the submission of Debtor Reports and/or
1
corrections of Debtor Reports through SLIK
Written warning related to submission of Debtor Reports and/or corrections
5
to Debtor Reports through SLIK
Written warning related to violation of provisions regarding the Execution of
Written Warning 1
Financing Business
Written warning related to violation of provisions regarding the
1
Implementation of the AML-CFT-CPF Program
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INVESTOR RELATIONS
The function of Investor Relations is to maintain communication and relationships between BFI Finance and its various
stakeholders, specifically shareholders, potential investors, and analysts.
Through this function, the Company aims to update and engage the public of all key developments and material
information in a consistent and transparent manner. This is done through various channels, such as analyst meetings
(including public exposes), conferences, investor visits, and conference calls, as well as information delivered via the
Company’s official website.
DUTIES AND RESPONSIBILITIES
Investor Relations function has the following duties and responsibilities:
1. To serve as a liaison between the Company and external stakeholders, especially the shareholders, potential
investors, and government institutions related to capital market and investments;
2. To act as a coordinator in preparing the Company’s Integrated Annual Report;
3. To manage the reports’ publication process online, on the Company website, bfi.co.id; and
4. To act as the supervisor of the Company’s various activities, such as GMS and Public Expose.
INVESTOR RELATIONS PROFILE
Ng Koon Pek
Investor Relations
Nationality: Malaysian
Age: 48
Domicile: Jakarta, DKI Jakarta
She has been serving the function of Investor Relations since January 2011 and passed
the fit and proper assessment for foreign workers from OJK based on the Decree of
the Board of Commissioners of OJK No. KEP-860/NB.1/2014 dated 2 May 2014. Prior
to joining BFI Finance, she was a Vice President of Equity Capital Markets at CIMB
Investment Bank in Malaysia and Indonesia until 2009. She started her career as an
Profile
Analyst for Nikkei Pacific Corporate Advisors, Kuala Lumpur, in 2001 before joining
General Electric’s Financial Management Program from 2002–2004. She obtained
her Bachelor of Arts or B.A. (Hons) degree in Industrial Economics from the University
of Nottingham, UK, in 1999, and Master of Science (M.Sc.) in International Securities,
Investment and Banking from ISMA Centre of the University of Reading, UK, in 2000.
ACTIVITIES
The Investor Relations work programs in 2025 included 47 meetings (online and offline) involving more than 60
investors and analysts, 4 earnings calls involving management, and 3 conferences.
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COMPLIANCE
The Compliance Unit at BFI Finance is led by the BOD under the direct supervision of the President Director. In
accordance with POJK 48/2024, the Compliance Unit is tasked to assist the BOD in ensuring compliance with the
applicable regulations in the multifinance business as well as other pertinent regulations. The unit’s main tasks are to
oversee policies, regulations, systems, procedures, and activities of the Company, as well as to ensure compliance with
the applicable regulations. The Compliance Unit also has a strategic role in maintaining the Company’s operational
sustainability and reputation, as well as participating in creating a transparent, compliant, and ethical business
environment.
The Compliance Unit continuously monitoring changes in applicable regulations and policies, as well as evaluating
their impact on the Company’s operational activities. To achieve this, the Compliance Unit works closely with various
departments to develop policies and procedures that comply with applicable regulations and standards to ensure the
Company’s policies remain consistent and relevant in the face of changing business environments.
In its operations, the Compliance Unit emphasizes three main functions, namely:
1. Prevention Function
The Compliance Unit develops and implements various policies, guidelines, and operational standards that
align with regulatory requirements. One of the ongoing efforts is the dissemination of new laws and regulations
and continuous training for employees on compliance issues such as Anti-Money Laundering, Combating the
Financing of Terrorism, and Counter Proliferation Financing of Weapons of Mass Destruction (AML–CFT–CPF),
consumer protection, GCG reporting, and financial transaction reporting.
2. Detection or Supervision Function
The Compliance Unit conducts monitoring, compliance testing, and evaluation of the implementation of policies
across all lines of the Company, in order to identify potential violations earlier and provide appropriate mitigation
recommendations.
3. Handling Function
The Compliance Unit ensures appropriate follow-up on findings or indications of violations in a professional and
transparent manner. All investigative processes are conducted with fairness and independence as the primary
principles.
ANTI-MONEY LAUNDERING, COMBATING THE FINANCING OF
TERRORISM, AND COUNTER PROLIFERATION FINANCING OF
WEAPONS OF MASS DESTRUCTION (AML– CFT–CPF)
In accordance with POJK No. 8/2023 concerning the Implementation of Anti-Money Laundering, Prevention of Terrorism
Financing, and Prevention of the Financing of the Proliferation of Weapons of Mass Destruction in the Financial
Services Sector (POJK 8/2023), the Company appoints a Person in Charge of AML–CFT–CPF who directly reports to
the President Director. AML–CFT–CPF is part of risk management, and thus, its implementation is coordinated with
the Risk Management Department which is under the direct supervision of the President Director. In carrying out his
duties, the Person in Charge of AML–CFT–CPF at the head office appoints Persons in Charge at the branch office level,
to ensure that the AML–CFT–CPF Program is implemented properly in all branch areas.
In 2025, the implementation of the AML–CFT–CPF Program was based on five pillars, with the details as follows:
1. Active Supervision by the BOD and the BOC
a. Discussion of the AML-CFT-CPF framework and necessary follow-up actions, considering all regulatory
requirements and the Company’s strategy; and
b. Update of the AML-CFT-CPF risk profile calculation reference, based on the latest National Risk Assessment
(NRA) issued by PPATK and the Sectoral Risk Assessment (SRA) issued by the OJK.
2. Policies and Procedures
a. Adjustment of employee and partner recruitment policies, as well as debtor acceptance policies, by adding
filters for individuals associated with online gambling;
b. Dissemination of policies and procedures related to the implementation of AML-CFT-CPF program in each
function in the Company; and
c. Reporting of Cash Transactions and Suspicious Transactions to PPATK through the GoAML application.
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3. Internal Control
a. Collaboration with Internal Audit in the audit of policies and procedures in accordance with POJK 8/2023 as
well as auditing the implementation of the Company AML-CFT-CPF policies and procedures; and
b. Data Updating program, for which the plans and accomplishments have been reported to OJK.
4. Management Information System
a. Quarterly reporting of debtors’ data to PPATK through the SIPESAT application;
b. Identification and implementation of AML-CFT-CPF “red flag tools” in accordance with the Circular of the
Head of PPATK No. SE-03/1.02/PPATK/05/15 on the Indicators of Suspicious Financial Transactions for Financial
Services Provider, for monitoring of Cash Transactions and Suspicious Transactions;
c. Testing of the strength of indicators in AML-CFT-CPF “red flag tools” to ensure that the Company is not utilized
as a means of money laundering;
d. Monitoring of Cash Transactions and Suspicious Transactions on a regular basis to ensure that no cash
transactions whose value exceeded Rp500 million were reported late;
e. Creating a Watchlist Database related to the implementation of AML-CFT-CPF Program from various data
sources that are not only oriented towards domestic regulatory compliance, but also the interests of investors
from the European Union and the United States to identify the level of risk of Debtors and Prospective Debtors;
f. Enrichment of the Politically Exposed Persons (PEPs) Database by drawing on various sources;
g. Classification of SIPENDAR Database into the Sanctions Lists Database as part of debtor screening process
prior to issuance of financing contract, using the Check and Validation (CNV) application;
h. Reporting of enrichment of information on parties suspected of terrorism financing through the SIPENDAR
application; and
i. Reporting of AML-CFT-CPF risk scoring level through OJK’s Online Reporting Application (APOLO).
5. Human Resources and Training
a. The Company’s human capital training and monitoring on AML-CFT-CPF was conducted via M-BEAT application
(digital learning media for BFI Finance’s employees);
b. Participation in AML-CFT-CPF seminars and trainings from OJK, PPATK, and other parties, to ensure
understanding and knowledge in line with the latest regulatory developments and typologies of money
laundering, terrorism financing, and financing for the proliferation of weapons of mass destruction;
c. Training for employees in the positions of Credit Factory Head, Credit Commercial Analyst, Credit PBF, Sharia
& Non-Collateral Credit as well as the Credit Operations Team at the head office as the parties responsible
for AML-CFT-CPF on the updates regarding the implementation of POJK 8/2023 and AML-CFT-CPF cases in
multifinance companies;
d. Updates to the employee recruitment process using the AML-CFT-CPF Watchlist as a preventive measure so
that the Company avoids personnel who may be able to abuse the Company as a means of operating crimes;
and
e. The issuance of provisions regarding Know Your Employee as a measure to anticipate and prevent fraud in the
Company by detecting and identifying employees who have the potential to commit violations and have legal
vulnerabilities.
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WHISTLEBLOWING SYSTEM
The Company runs its Whistleblowing System established under Company Regulation No. SOP/031 dated 22 March 2013,
which was subsequently updated with Company Regulation No. SOP/031 dated 14 March 2024, as an implementation
of the GCG principles, particularly responsibility and fairness.
The Whistleblowing System ensures optimal performance and legal compliance of every BFI Finance employee in
carrying out their duties and responsibilities.
WHISTLEBLOWING MECHANISM
Through BFI Finance Whistleblowing System, every individual within the Company can submit their grievance and/
or report regarding fraud and/or violations of the Company’s code of conduct or the principles of GCG, by submitting
their reports through:
1. E-mail at fraud_investigator@bfi.co.id;
2. Short message service (SMS) at 0822 5888 8911; or
3. Mailing address
Head Office of PT BFI Finance Indonesia Tbk
BFI Tower
Sunburst CBD Lot 1.2
Jl. Kapt. Soebijanto Djojohadikusumo
BSD City, Tangerang Selatan 15322
Indonesia
attn. Internal Audit Department
PROTECTION FOR REPORTERS AND HANDLING OF COMPLAINTS
Any reporting party through BFI Finance Whistleblowing System has their rights protected in accordance with Law
No. 31/2014 on Protection of Witnesses and Victims.
In 2025, 119 complaints and reports of violations were received, of which 81 were submitted via e-mail and 38 via SMS/
WhatsApp.
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Table 63 | Whistleblowing Reports in 2025 and Handling Status
Type of Report/Complaint In Progress Solved Total
Fraud 0 83 83
Others (Not Fraud) 0 36 36
Total 0 119 119
Table 64 | Whistleblowing Reporting Media in 2025
Type of Media In Progress Solved Total
Email of Fraud Investigator 0 81 81
SMS/WhatsApp of Fraud Investigator 0 38 38
Written Letter 0 0 0
Total 0 119 119
Graph 16 | Whistleblowing Reports Follow-up Flow Chart
Data Verification Findings Validation
Report Received
Process Process
by the internal Audit through valid Report
by the
Departement and investigation Validation
Whistleblowing
Risk Management according to the
System
Departement procedure
The Company shall impose a sanction on the perpetrator of the violation Allegation
in accordance with the applicable regulation in the company Proven
WHISTLEBLOWING REPORT FOLLOW-UP
In 2025, all reports of violations had been followed up and completely settled by the end of the year, and commensurate
sanctions had been given to the perpetrators.
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SUSTAINABILITY STRATEGY
SUSTAINABILITY VISION In line with this commitment, the Company’s
sustainability strategy was developed in 2025 for
To be a leading non-bank financial institution by implementation over the period 2026–2030. The
upholding a strong commitment to being a trusted strategy’s focus is on providing sustainable financing that
financial solutions partner for the community, while supports business development within communities,
ensuring a balanced achievement of economic prosperity, while ensuring that the Company’s business processes
social well-being, and environmental preservation. align with the principles of sustainable development
Through this commitment, the Company aims to support and environmental conservation. It also encompasses
the nation’s sustainable development and improve the structured efforts to empower internal (employees) and
quality of life in every area where it operates external stakeholders (customers, communities, and the
surrounding environment) alike.
SUSTAINABILITY MISSION BFI Finance is fully committed to supporting the
achievement of the United Nations Sustainable
To conduct business activities sustainably by supporting
Development Goals (SDGs), in particular:
the development of entrepreneurs from the lower-
middle economic segment, thereby contributing to
local economic growth and social well-being while
consistently considering environmental impacts
SDG 3:
GOOD HEALTH AND WELL-BEING
SUSTAINABILITY GOALS
The Company strives to provide various financing
products that support the growth of community
SDG 4:
businesses and carry out business processes that always
QUALITY EDUCATION
take sustainable development into account and support
environmental sustainability
These Vision and Mission statements serve as the
foundation for the formulation and implementation of SDG 6:
BFI Finance’s sustainability strategy, taking into account CLEAN WATER AND SANITATION
the conditions and relevant needs of its key stakeholders.
SUSTAINABILITY STRATEGY
DIRECTION SDG 8:
DECENT WORK AND ECONOMIC
GROWTH
With the evolving business dynamics and challenges as
its backdrop throughout 2025, BFI Finance upheld its
commitment to carrying out its operations responsibly
by maintaining a balance between performance growth, SDG 17:
social responsibility, and environmental stewardship. PARTNERSHIPS FOR THE GOALS
For the Company, sustainability is not a matter of mere
compliance. Instead, it serves as a fundamental principle
that is integrated into its strategy and business activities.
In line with supporting these SDGs, the Company’s
sustainability strategies and programs in economic,
social, environmental areas are elaborated in the
following sections.
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IMPLEMENTATION OF 2025 SUSTAINABILITY PROGRAMS
BASED ON SDGs
PILLAR
BFI Finance for Indonesian BFI Finance for Indonesian BFI Finance for
Community Welfare Health Indonesian Education
SDG TARGETS
■ #BFINgangkatUsahaLokal 2025 (BFI ■ Blood Donations ■ Sekolah SINERGI (School of
Finance Empowers Local Businesses ■ Free Healthcare Services Innovation for Education,
2025) ■ Sehat untuk Merdeka (Healthy Resilience, Growth, and
■ Financial Literacy for Freedom) Inclusion)
IMPLEMENTASI PROGRAM
■ BFI 4U Program (Village Community ■ Bakti Ibu (Devotion to ■ The 1000 Movement for
Empowerment) Mothers) Indonesian Children
■ 2026 Economic and Market Outlook ■ Jadi Juara BFI Finance
Seminar (Becoming Champions of BFI
■ Sharing in Religious Festivities Finance)
■ Rapid Disaster Response Assistance
■ Planting of Mangrove Seedlings
■ BFI Jelantah Hijau
■ Branch Green Ambassador
In their implementation, BFI Finance’s sustainability programs are carried out guided by the CSR Program Policy. Their
implementation is operated through three fundamental actions, namely:
THINK
Every layer, both inside and outside of the Company,
perceives and reflects on social issues occurring inside and
outside of the Company. This reflection is an awareness of
what is taking place in the surroundings and culminates in
the ideas about how to be actively involved in it.
ACT
Every layer in the Company takes action to provide solutions
to such issues and implements them in real actions as a result
of self-reflection and active participation in the surrounding
community.
PRESERVE
The results of implementation and concrete actions are
continuously maintained and carried out sustainably by all
layers of the Company, thus producing positive outcomes.
To ensure the continuity of its sustainability programs, the Company allocates a budget based on its financial
performance, taking into account the evaluation of the previous year’s programs.
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The entire array of sustainability programs is coordinated by various departments and business units within the
Company, including:
■ Corporate Secretary & Compliance Department;
■ Corporate Program & CSR Department;
■ Business Directorate;
■ Finance Control Division;
■ Information Technology Division; and
■ Branches.
Actual Use of the Sustainability Program Budget 2023–2025 (Rp million)
Actual Use of the Sustainability
Program Budget 2023–2025
(Rp million)
2025 137,971
2024 130,625
2023 123,461
Actual Use of the 2025 Sustainability Program Budget
Environment and
Community Empowerment
Infrastructure
Total
Rp137,971 Rp773 Rp1,536
million million million
Employment and Social
Responsibility to Customers
Practices
Rp135,313 Rp349
million million
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2026 SUSTAINABILITY ACTIVITY TARGETS
BFI Finance’s Sustainable Finance Action Plan for the period 2026–2030, as submitted to OJK in November 2025,
stipulates the Company’s sustainability targets for 2026, as summarized below:
1. Evaluation of the Sustainable Finance Program;
2. Human Capital Capacity and Competencies Development;
3. Financial Inclusion and MSMEs Empowerment;
4. Community Education and Economic Empowerment;
5. Social and Environmental Sustainability; and
6. Implementation of Environmentally Friendly Practices in Company Operations (Green Office).
BUILDING THE CULTURE OF SUSTAINABILITY
BFI Finance fosters a culture of sustainability in every employee, in accordance with the sustainability principles
summarized in its Sustainability Policy and the Environmental, Social, and Economic Policies.
The Company encourages all employees to take an active role in advancing the Sustainable Development Goals
(SDGs) through various activities, while also promoting direct involvement in sustainability programs organized by
the Company.
This sustainability culture is implemented through several initiatives that actively involve BFI Finance employees,
including:
■ Green Office Practices, which form an integral part of embedding a sustainability culture in the workplace. It
encompasses involves various initiatives to raise employee awareness of environmental issues, including internal
campaigns on eco-friendly lifestyles. The Company also encourages reductions in electricity, water, and paper
consumption through efficiency measures and the use of digital processes in daily operations. In managing office
waste, the Company limits the use of single-use items and encourage management of plastic bottle waste.
■ Employee competence and capability development programs, which offer various training for skill enhancement
and continuous leadership coaching. These ensure every individual possesses the capacity and resilience to
navigate an ever-evolving business landscape. By prioritizing employees as its primary assets, the Company
not only drives professional growth and workforce well-being, but also strengthens its foundation of corporate
sustainability to generate long-term value for all stakeholders.
■ BFI 4U program, a community empowerment initiative focused on long-term activities in designated areas or
villages. Led by employee volunteers, the program covers Health, Environment, and Education, aligning with the
Company’s core values, namely G.R.E.A.T.
Through the implementation of this sustainability culture, BFI Finance remains committed to continuously
strengthening employee awareness and participation across all aspects of its business, while creating lasting positive
impacts for communities, the environment, and all stakeholders.
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HUMAN RESOURCES
BFI Finance continues to strengthen its human capital management to sustain organizational effectiveness and
support long-term business growth. The Company’s approach is centered on building internal capabilities, managing
talent, and enhancing support systems, while prioritizing efficiency, governance, and regulatory compliance.
This strategy is built upon four main pillars encapsulated in the BFI Culture 2.0 framework: Leadership Excellence,
Total Talent Management, Capable & High-Performing Team, and Data-Driven Talent Management. Together, these
pillars form an integrated framework for designing human capital development initiatives and ensuring alignment
between employee capabilities, organizational needs, and business objectives.
Graph 17 | BFI Culture 2.0
iness Strategy
Bus
Leadership
Excellence
Data Driven
Talent
Management BFI
Culture
2.0
Total Talent
Management
Capable & High
Performing
Team
LEADERSHIP EXCELLENCE
BFI Finance views strong leadership as a critical factor in maintaining its strategic direction amid rapid shifts in the
work and business environment. In 2025, the Company advanced its Leadership Development Program (LDP), which
promoted openness to learning, cross-functional collaboration, and agile adaptation to organizational needs.
The Leadership Development Program was implemented through leadership initiatives that emphasized experiential
learning. The leadership development program was designed by taking into account the actual needs of the
organization, including the ability to lead across generations in line with changes in workforce composition. Materials
on leadership were directed to help leaders gain a more comprehensive understanding of the business context and to
perform their leadership roles in a relevant manner within a continuously evolving work environment.
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These efforts were subsequently strengthened with the upgrades made to the G.R.E.A.T. Leadership Program (GLP).
The GLP was enhanced with a stronger focus on action learning methods. Rather than solely relying on classroom-
based knowledge transfer—given its limited effectiveness, particularly for leaders who are accustomed to “working
on the ground”—the GLP immersed participants in hands-on experiences, case studies, and practical application. It
made learning more contextual and applicable to day-to-day responsibilities for the participants.
The GLP’s modules were also aligned with issues relevant to current conditions, including cross-generational leadership
and effective communication. Through these modules, leaders were equipped with the insights and approaches
required to adjust their leadership styles, enabling them to manage teams with increasingly diverse demographic
profiles more effectively.
For senior executives, the Company organized a Leadership Series that discussed topics closely linked to the
Company’s transformation agenda. In 2025, two Elevating the Baseline Leadership Series sessions were held as a
forum for learning and reflection for senior leaders, in which they could sharpen their leadership roles in line with the
developmental direction of the organization.
TOTAL TALENT MANAGEMENT
BFI Finance embraces a Total Talent Management approach spanning the entire human capital lifecycle, from
recruitment through talent development and retention. Throughout 2025, recruitment was carried out selectively,
emphasizing professionalism, inclusivity, and objective, competence-based processes backed by lawful and
responsible employment practices. The onboarding process was also continuously refined so new hires could fully
understand their roles, performance expectations, and the culture of the Company prior to being assigned to their
respective teams.
The Company remains committed to upholding Human Rights principles across its employment practices. The
Company ensured that there were no discriminatory practices in recruitment, development, and performance
assessment processes on the basis of gender, age, background, or other conditions. Every employee was given equal
opportunities to thrive, be fairly treated, and have their dignity and human rights respected in the workplace.
To bolster internal talent governance, the Company launched the Talent Forum as a collaborative platform for leaders to
map and identify high-potential talent. This forum enabled objective talent mapping while opening opportunities for
non-formal development, such as cross-functional mentoring and experience sharing between leaders. Constructive
discussions in this forum served as the basis for further development initiatives, including selecting participants for
acceleration programs like the Mini MBA.
Employee welfare management plays a strategic role within BFI Finance’s Total Talent Management framework.
Remuneration policies were thus crafted comprehensively, balancing regulatory compliance, market competitiveness,
and financial capacity of the Company. Compensation packages in the Company include basic salary, various
allowances and workplace facilities, as well as performance-based incentive schemes that reward both individual
contributions and collective achievements.
Beyond that, BFI Finance is committed to maintaining a conducive work climate through Company Regulations that
had been ratified by the Ministry of Law. These regulations provide a solid foundation for work conditions, managerial
dialogue, and the protection of employee rights. The Company maintains open communication channels and space for
employees to express aspirations or grievances, both verbally and in writing, with all feedback addressed seriously. This
dialog-based approach has been highly effective, as no significant industrial relations issues arose in 2025, indicating
that a harmonious, constructive, and supportive work environment is thriving at BFI Finance.
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CAPABLE & HIGH PERFORMING TEAM
BFI Finance continues to strengthen its organizational capabilities through integrated and collaborative talent
management. In 2025, the key priority initiative was the Mini MBA program, designed to broaden participants’
understanding of the end-to-end business value chain, covering marketing, finance, leadership, as well as the use of
data and technology.
Complementing formal learning, the Company implemented experiential learning methods through the Life Labs
(Learning Labs) initiative. This program involved high-performing employees in limited-scale strategic projects under
senior leaders’ mentorship, with learning centered on experimentation and hands-on application to keep development
highly contextual and aligned with organizational needs.
To align workforce capacity with dynamic business requirements, the Company applies a Dynamic Manpower Planning
(MPP) scheme. This empowered General Managers and Regional Managers to assess productivity and allocate human
resources based on their areas’ unique operational complexities. Such decentralization delivered faster, more accurate,
and more nuanced decision-making attuned to local market characteristics and unique geographic challenges.
Alongside this, dynamic Capacity Management and Productivity Matrix tools were utilized to monitor workload
capacity and productivity levels on a regular basis, supporting continuous improvements in organizational efficiency.
Performance management also leveraged Key Performance Indicators (KPIs), with the system improved in 2025 to
allow for greater role clarity and contribution impact. Through this improvement, all employees, even long-tenured
ones, remained relevant and adaptable. Performance achievement was assessed not only based on experience but by
ongoing learning agility and mindset evolution amid changing demands.
The formulation of KPIs in 2025 emphasized visibility, ensuring leaders maintained crystal-clear sightlines to targets
across every organizational layer. This enabled seamless monitoring of alignment between company-wide, unit,
and individual goals from day one, with early detection of any potential misalignments. The ownership aspect was
strengthened by empowering every employee to take full accountability for their assigned targets.
Table 65 | Employee Productivity
Description 2023 2024 2025
Number of Employees 11,207 10,198 10,540
Number of Outlets 271 267 349
Employees per Outlet 41.4 38.2 30.2
New Contracts per Employee 34.7 36.0 38.8
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Table 66 | HC Development Metrics
Description 2023 2024 2025
Training Expenditures Rp3.0 billion Rp4.9 billion Rp6.3 billion
Number of Training Participants 23,831 50,676 63,578
Number of Training Programs 7 8 8
Table 67 | Education and Training Programs Implemented
Type of Training Total Programs in 2025 Total Participants in 2025
Internal Training 5 59,567
External Training 4 4,011
Total 9 63,578
Table 68 | Types of Training and Number of Participants
Type of Training Total Training Sessions in 2025 Total Participants in 2025
Qualification 3 3,419
Mandatory 3 1,752
Functional 3 58,407
Total 9 63,578
Table 69 | Training Participants by Position
Position External Training Internal Training Total Participants
BOC & BOD - 10 10
Senior Manager 295 217 512
Junior Manager 5,546 2,036 7,582
Officer 19,005 772 19,777
Staff 34,721 976 35,697
Total 59,567 4,011 63,578
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Table 70 | Average Training Hours per Employee Participation per Year
Male Female Average
Training
Number of Average Number of Average
Position Number of Number of Hours per
Participation Training Participation Training
Training Training Participant
as at Hours per as at Hours per
Hours Hours
31 Dec 2025 Participant 31 Dec 2025 Participant
BOC & BOD 56 10 6 - - - 6
Senior
1,456 425 3 237 87 3 3
Manager
Junior
37,214 5,899 6 8,088 1,683 5 6
Manager
Officer 98,375 13,935 7 31,346 5,842 5 7
Staff 77,001 27,528 3 53,454 8,169 7 4
Total 214,102 47,797 4 93,125 15,781 6 5
Table 71 | Participants of Talent Management and Succession Programs
2023 2024 2025
Position
Male Female Total Male Female Total Male Female Total
Managerial
156 45 201 122 54 176 29 119 148
and Above
Supervisor 574 177 751 356 137 493 320 156 476
Total 730 222 952 478 191 669 349 275 624
DATA-DRIVEN TALENT MANAGEMENT
In the multifinance industry, where service speed and precise risk mitigation are critical, data has transformed into a
strategic asset. The ability to process data enables accurate risk profiling, keener market trend forecasts, and precise
business decision-making amid heightened economic uncertainty.
This urgency had spurred BFI Finance to adopt a data-driven approach, embedding it across various processes,
including human capital management. Digital technology forms the backbone, to support workforce planning,
performance monitoring, and talent management. At every stage, data have been enriching the Company’s decision-
making perspective, rendering it more structured and consistent.
Technology also plays a key role in advancing the Company’s aspirations. Automation frees employees from certain
routine tasks, redirecting their focus to strategic work while simultaneously requiring stronger digital capabilities.
Broader access to data fosters cross-functional communication that is more objective and fact-based. This strengthens
coordination across directorates and supports the organization’s growing maturity.
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Furthermore, the Company has been experimenting with harnessing artificial intelligence (AI) in its business. As a
preliminary step, a top-down strategy has been developed to align AI initiatives with strategic business needs, while a
bottom-up approach is encouraged through the use of everyday digital collaboration tools that boost productivity and
knowledge sharing throughout the workplace.
OCCUPATIONAL HEALTH AND SAFETY
The Company provides a safe, healthy, and decent working environment for all employees, both in the office and
in the field, through adequate facilities, the implementation of occupational safety procedures, and ongoing health
programs. In support of this commitment, the HC Department collaborates with Infrastructure Development Unit
under the Operational Directorate to implement the Occupational Health and Safety Management System (OHSMS)
detailed in the Company Regulations. This OHSMS applies to all employees, who are required to prevent potential
accidents and damage, and mitigate risks they encounter at work.
As part of the OHSMS implementation, the Company provides adequate infrastructure and operational support
systems. Important documents and customer assets are stored in an earthquake- and fire-resistant Custodian Center.
Employees are trained in emergency evacuation and the use of firefighting equipment, and are equipped with rescue
facilities and first aid kits on each floor.
To maintain occupational safety, employees traveling frequently, such as those working in marketing and collection
functions, are required to comply with traffic regulations and use appropriate protective equipment.
From a health perspective, as BFI Finance promotes healthy lifestyles, employees are enrolled to a health insurance
program, as well as applying a preventive approach to occupational diseases. These efforts were complemented by
the dissemination of educational materials on healthy living and encouragement to maintain physical fitness, aimed
at reducing health risks in the workplace.
Table 72 | Occupational Accidents
Type of Occupational Accident Field Staff Non-Field Staff Total
Serious Accidents 2 - 2
Minor Accidents 25 6 31
Total Cases 27 6 33
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RESPONSIBILITY FOR SUSTAINABLE
PRODUCT/SERVICE DEVELOPMENT
FINANCIAL INCLUSION AND SUSTAINABLE FINANCE PROGRAMS
BFI Finance remains committed to being more than a financing institution by positioning itself as a strategic partner
in promoting the growth of the real sector, particularly micro, small, and medium enterprises (MSMEs), which form
the backbone of Indonesia’s economy. Aware of the currently limited access to banking services among unbanked
communities and populations in remote areas, the Company is providing financing solutions that are accessible to a
broad range of society, enabling them to obtain equitable access to business development opportunities.
This commitment is keenly reflected in the Company’s portfolio. As of the end of 2025, BFI Finance had distributed
working capital financing amounting to Rp9.92 trillion to thousands of MSMEs across Indonesia. This figure represented
37.8% of the Company’s total portfolio and demonstrates tangible support for strengthening grassroots economic
activities, in line with the government’s vision of Sustainable Finance and Financial Inclusion.
Beyond financing, BFI Finance supports financial inclusion through literacy and education programs for business
owners. These initiatives include training on financial management, marketing strategies, product innovation, and
utilizing digital services.
The programs are designed to enhance MSME capabilities, enabling them to grow sustainably and strengthen their
contribution to their local economy
ETHICAL AND RESPONSIBLE BUSINESS PRACTICES
The Company collects loan repayments from its customers in an ethical manner and in compliance with applicable
regulations, in accordance with POJK No. 35/POJK.05/2018 on Business Operations of Finance Companies.
Should a customer experience difficulties in repaying their loans, the Company will endeavor to employ measures that
are firm yet respectful and sensitive to each customer’s condition, thereby keeping the potential for disputes in the
process at a minimum. The Company ensures that all its customers are treated ethically and responsibly by Company
employees.
Annually, the Company conducts a survey to measure customer satisfaction in using its products and services. The
survey results in 2025 along with the customer service programs taking place at BFI Finance are presented in the
Management Analysis and Discussion chapter, Customer Service section, pages 114–115.
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ENVIRONMENTAL
PERFORMANCE
SUSTAINABLE OPERATIONS
BFI Finance is engaged in the multifinancing business.
The Company’s operations in the financial services
sector thus take place in urban or residential areas, and
therefore do not directly come into contact with the
natural environment, or any protected ecosystems.
BFI Finance’s operations result in certain impacts on
the environment, the most significant of which being
carbon emissions. Employees rely on various means
of transportation for work, thus becoming the major
contributor to emissions. Until 2025, the Company had
not yet calculated emissions arising from employee
vehicle fuel consumption, nor emissions associated with
consumer vehicle financing activities.
Nevertheless, energy conservation measures remain at
the top of mind in the employees’ daily activities. At the
head office and all outlets, employees are encouraged
to implement environmentally-friendly ways of working,
which include saving electricity and water. The means to
do so include turning off lights and air conditioning in
rooms that are not in use, reducing and sorting domestic
waste, as well as reducing new paper use by opting for
used paper for printing certain documents.
In addition, the Company has constructed a dedicated
disposal site for toxic and hazardous waste (B3 in
Indonesian abbreviation) within the head office premises,
in compliance with Government Regulation No. 22 of
2021 on the Implementation of Environmental Protection
and Management (PP 22/2021). To further support waste
reduction, The Company also discourages using single-
use items and prohibits Styrofoam materials in its work
environment.
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ELECTRICITY AND WATER USAGE
The Company had measured electricity and water usage across all its office locations, including the Head Office and
branch outlets. Throughout 2025, the Company used 10,480,214 kWh of electricity, equivalent to 37,728 gigajoules (GJ),
representing an increase of 1.00% compared with electricity usage in 2024. Meanwhile, water consumption shrank by
3.29%, from 80,262 m³ in 2024 to 77,619 m³ in 2025.
Although electricity usage increased by 1.00%, this was lower than the increase recorded in the previous period,
which reached 7.50%, indicating improved energy efficiency. Meanwhile, water usage was reduced, reflecting the
Company’s success in increasing water usage efficiency. Moving forward, the Company will continue to pursue for
greater efficiency in using both resources across its entire operational network, including through greater employee
awareness and the implementation of more disciplined and responsible resource management practices.
Based on its electricity consumption, the Company had estimated its Scope 2 carbon emissions using the Greenhouse
Gas Protocol methodology. For 2025, using the emission conversion factor of 0.79 kg of carbon dioxide equivalent per
kilowatt-hour (CO₂e/kWh), the Company’s Scope 2 emissions were approximately 8,279.37 tons of CO₂e.
Graph 18 | Electricity and Water Usage
Electricity
Electricity (kWh)
2025 10,480,214
2024 10,376,164
2023 9,650,184
Water
Water (m³)
2025 77,619
2024 80,262
2023 78,516
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Table 73 | Electricity and Water Usage in 2024
Electricity Energy Water
Electricity Water Cost
Operational Region Consumption Consumption Consumption
Cost (Rp) (Rp)
(kWh) (GJ) (m³)
Head Office 3,434,433 12,364 3,937,447,050 32,617 417,176,395
Sumatra 1,280.367 4,609 2,176,021,639 6,992 87,749,134
Greater Jakarta 1,101.095 3,964 1,871,344,199 9,506 119,298,863
Java and Bali 2,317.307 8,342 4,030,106,746 13,653 171,346,910
Kalimantan 882,876 3,178 1,500,474,528 7,691 96,527,980
Sulawesi and Eastern Indonesia 1,360,086 4,896 2,311,506,348 9,803 123,022,675
Total 10.376.164 37.353 15.826.900.510 80.262 1.015.121.957
Table 74 | Electricity and Water Usage in 2025
Electricity Energy Water
Electricity Water Cost
Operational Region Consumption Consumption Consumption
Cost (Rp) (Rp)
(kWh) (GJ) (m³)
Head Office 3,462,191 12,464 3,903,000,907 32,525 416,059,236
Sumatra 1,278,576 4,603 2,172,978,856 5,066 68,388,986
Greater Jakarta 1,192,555 4,293 2,026,782,297 10,959 147,944,884
Java and Bali 2,325,116 8,370 3,951,604,392 13,237 178,697,337
Kalimantan 866,481 3,119 1,472,611,192 6,294 84,967,337
Sulawesi and Eastern Indonesia 1,355,295 4,879 2,303,364,661 9,538 128,758,430
Total 10,480,214 37,728 15,830,342,305 77,619 1,024,816,210
ENVIRONMENTAL CONSERVATION PROGRAMS
Environmental impact management efforts were conducted through a mangrove ecosystems restoration program
that has been in place since 2021. Mangrove planting was chosen due to the ecosystem’s ability to naturally absorb and
store carbon at relatively higher levels compared with tropical given the same area.
The program was continued in 2025 through the planting of 15,000 mangrove seedlings in Banyuwangi and Denpasar.
This initiative was intended to support coastal conservation while mitigating abrasion risks in areas surrounding the
Company’s operational areas. Based on monitoring results, the mangrove planting is estimated to have the potential
to absorb approximately 34.53 tons of CO₂ per year, taking into consideration the number of extant seedlings and the
prevailing conditions of the surroundings.
An evaluation conducted at the end of 2025 found that of the 15,000 mangrove seedlings planted in 2024, a total of
7,905 trees (52.70% of the total) have survived. Based on these findings, the CO₂ absorption from these 7,905 extant
mangrove trees was estimated to range between 158 and 395 tons of CO₂ per year.
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A portion of the mangrove seedlings did not survive due to various environmental factors, including tidal flooding that
resulted in prolonged inundation and changes in water conditions, which hindered the growth and development of
the mangrove seedlings.
Table 75 | Estimated Biomass and Carbon Sequestration from Mangrove Planting in 2025
Carbon
Coverage Area Sequestration
Location Biomass (kg) Carbon (kg) CO₂e
(ha) Value
(tc/ha)
Pulau Pari
2.57 1.21 0.10 0.05 0.54
(Jakarta)
Indramayu
5.07 2.38 0.40 0.20 0.53
(West Java)
Brebes
37.99 177. 85 2.90 0.20 3.90
(Central Java)
Denpasar (Bali) 328.74 154.50 16.74 0.10 45.62
Dumai (Riau) 10,720.02 58.92 14.39 0.15 26.10
Graph 19 | Distribution of Mangrove Seedlings Planted by the Company
Number of New Plantings Number of Trees Planted
2025 2023–2025
15,000 40,000
BFI GREEN LIFESTYLE
The Company expanded environmentally friendly practices among its employees and communities around its
operational areas through the BFI Green Lifestyle program.
In 2025, this program encompassed several initiatives, including:
■ Reducing the use of plastic food containers and encouraging employees to bring their own food and drink
containers;
■ Prohibiting the use of plastic bags, Styrofoam, and plastic straws;
■ Separating plastic bottle waste for recycling;
■ Collecting reusable fabric and paper shopping bags for use in the office canteen and cooperative; and
■ Periodic sharing of environmental educational materials via email blasts
As part of the BFI Green Lifestyle, the Company extended its eco-friendly practices to outdoor events, including the
BFI RUN 2025 at ICE BSD in Tangerang Regency. This sporting event encouraged participants to responsibly manage
plastic waste, successfully collecting 66 kg of plastic bottle waste. It was subsequently delivered to a nearby waste
bank near the head office for processing and recycling.
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SOCIAL
PERFORMANCE
In addition to driving MSME development across
Indonesia through its products and sustainability
programs, BFI Finance also carries out CSR initiatives
as part of the Company’s efforts to balance the three
dimensions of Profit, People, and Planet, while supporting
the achievement of the Sustainable Development Goals
(SDGs).
These CSR programs deliver tangible benefits to
communities surrounding the Company’s operational
areas, supporting customers retention and building
long-term relationships with local communities and
other stakeholders.
The Company’s CSR programs are designed in alignment
with environmental and social objectives as well as the
needs of target communities. Their implementation
involves internal collaboration and external partnerships,
particularly in supporting local economic empowerment.
Success is evaluated through improvements in
beneficiaries’ quality of life and measurable, tangible
impacts.
COMMUNITY WELFARE
#BFINgangkatUsahaLokal 2025
(BFI Finance Empowers Local Businesses
2025)
#BFINgangkatUsahaLokal 2025 was a BFI Finance
initiative aimed at strengthening community-based
economic empowerment. In 2025, the program reached
over 150 participants ranging from customers, MSMEs,
and members of the general public in Tangerang (Banten),
through a series of business training and mentoring
activities. These activities covered marketing, financial
management, entrepreneurial mindset development,
communication skills, and business ideation. The
program also featured vibrant supporting activities, from
a local products bazaar, various competitions and sports
activities, skills workshops, to educational activities for
children and surrounding communities. Over the period
of four days, the bazaar generated financial turnover
amounting to hundreds of millions of rupiah, reflecting
the program’s tangible contribution to supporting the
growth and resilience of local MSMEs.
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BFI 4U Program
Financial Literacy
(Village Community Empowerment)
The Company organized Financial Literacy programs in BFI 4U is an ongoing employee volunteering program
two cities, Tangerang Regency (Banten) and Kupang (East conducted over a one-month period in a selected area,
Nusa Tenggara), aimed at enhancing community and following an initial assessment of community needs
customer knowledge and skills in managing finances, across education, environmental management, health,
understanding financing products, utilizing productive and local economic development. In 2025, it took place in
loans for business development, and recognizing both Ciangir Village, Legok District, Tangerang, and featured
the benefits and risks of financing. The program reached waste sorting awareness campaign, financial literacy
100 MSMEs in Tangerang Regency through Sharia for MSMEs, clean and healthy living education, free
Financial Literacy sessions, as well as 100 fishermen and health check-ups, provision of educational facilities and
MSME participants in Kupang City. These activities gave a character-building for students of the local Madrasah
platform for participants to engage in discussions, share Tsanawiyah, as well as community clean-up activities.
experiences, and gain practical insights immediately Building on its impact, the BFI 4U initiative was
applicable to their business and personal finances. subsequently developed as part of BFI Finance’s Desa
Sejahtera (Prosperous Village) program.
2026 Economic and Market Outlook
Seminar
Sharing in Religious Festivities
In anticipation of the 2026 business milieu, BFI Finance
hosted a seminar titled “2026 Economic and Market The Company organized a number of social programs as
Outlook: Opportunities, Challenges, and Strategies for an expression of its social responsibility and commitment
Sustainable Growth” at BFI Tower, Tangerang Selatan. to sharing with communities surrounding its operational
The event was attended by approximately 40 business areas. During the celebration of Eid al-Fitr 1446 H, through
practitioners from various sectors. The seminar explored the Berbagi Berkah BFI Finance 2025 (BFI Finance
Indonesia’s economic outlook, market trends, business Shares the Blessings 2025) program, the Company
developments, and the importance of sound financial distributed 2,877 basic food packages and iftar meals to
management as the bedrock of sustainable business. communities in 14 cities. The program was carried out by
branches across Indonesia, including Bintaro (Tangerang
Selatan, Banten), Tobelo (North Maluku), Tabanan (Bali),
Kotamobagu (North Sulawesi), Cimahi (West Java),
Balikpapan (East Kalimantan), Karawang, Depok, and
Bekasi (West Java), Malang, Mojokerto, and Ponorogo
(East Java), Bone (South Sulawesi), as well as the Head
office in BSD City, Tangerang Selatan.
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Subsequently, during the celebration of Eid al-Adha Follow-up activities include bolstering the economic
1446 H, through the BFI Berkurban program, the capacity of coastal communities, particularly fishermen,
Company distributed sacrificial meat to 1,283 beneficiaries through the development of mangrove-based cultivation
in 9 cities. The distribution was carried out by branches and processed products.
in Medan (North Sumatra), Makassar (South Sulawesi),
Kuningan (West Java), Jepara (Central Java), Surabaya
(East Java), Banjarmasin (South Kalimantan), Gianyar
(Bali), Bogor (West Java), as well as the head office in BSD
City, Tangerang Selatan.
BFI Jelantah Hijau
BFI Jelantah Hijau is a community-based used cooking
oil management program. The program was carried out
Rapid Disaster Response Assistance by placing used cooking oil collection machines—called
UCOllect Boxes—in schools. Used cooking oil collected
from nearby residents and the community is converted
The Company provided rapid disaster response assistance into economic value, which is then utilized to support
in several affected areas to help ease the burden on school facilities and needs. In 2025, the first UCOllect Box
impacted communities. In response to flooding in supported by BFI Finance was installed at SDN Sukasari
Sumatra, the Company distributed food supplies, 15 04, Tangerang.
water trucks, and 10 water storage tanks with a total
capacity of 56,000 liters. To those affected by flooding in
Aceh, assistance was extended in the form of 500 ready-
to-eat meals for public kitchens, along with healthcare
services for 430 beneficiaries. In addition, following the
eruption of Mount Semeru, the Company distributed
food supplies to 100 households in Lumajang, East Java.
Branch Green Ambassador
Branch Green Ambassador is an environmental
awareness and energy conservation program
implemented across all BFI Finance branches through
a competition format. Branch performance is assessed
Planting of Mangrove Seedlings based on the savings percentage in electricity, water, and
paper consumption each semester. In 2025, the program
engaged 192 branches across Indonesia. The evaluation
The mangrove planting program in 2025 was focused results and announcement of winners are scheduled for
on two locations: Benoa Bay, Badung (Bali) and January 2026.
Pangpang Bay, Banyuwangi (East Java), with a total
of 15,000 mangrove seedlings planted. Each location
received 7,500 seedlings. These sites were selected to
ensure continuity of a three-year coastal community
empowerment initiative under the BFI Sahabat Pesisir
(BFI Friends of the Coastline) program.
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HEALTH
Sehat untuk Merdeka
(Healthy for Freedom)
Blood Donations The Sehat untuk Merdeka program was a BFI Finance
social initiative in the health sector held to commemorate
the 80th Anniversary of the Independence of the
BFI Finance, through its branches, continued to organize Republic of Indonesia. The program comprised a series
PMI Blood Donations program, contributing a total of 399 of key activities, including PMI Blood Drives which
blood bags from volunteer donors. The activities were collected 290 blood bags from donors in three cities,
carried out in three cities, at branches in Makassar (South namely at branches in Medan (North Sumatra), Klaten
Sulawesi), Bandung (West Java), and the head office in (Central Java), and Manokwari (West Papua). In addition,
BSD City, Tangerang Selatan, reflecting the Company’s the program provided Free Healthcare Services for 325
commitment to public health and to supporting the beneficiaries across six cities in Karawang (West Java),
availability of the national blood supply. Pekalongan, Klaten, and Banjarnegara (Central Java),
Lamongan (East Java), and Manokwari (West Papua).
This initiative reflected the Company’s commitment
to promoting public health while commemorating
Indonesia’s Independence Day in a meaningful and
impactful manner.
Free Healthcare Services
The Company organized Free Healthcare Services for
the general public, reaching a total of 577 beneficiaries.
These activities were conducted in seven cities through Bakti Ibu (Devotion to Mothers)
BFI Finance branches in Biak Numfor (Papua), Pekanbaru
(Riau), Sangatta (East Kalimantan), Semarang (Central
Java), Sorong (Southwest Papua), Gresik (East Java), In commemoration of Mother’s Day, BFI Finance
and Magelang (Central Java), as a show of support for organized the Bakti Ibu (Devotion to Mothers) program,
promoting public health in the Company’s operational a dedicated healthcare initiative for mothers and
areas. children. The program provided free healthcare services
in Tangerang Selatan (Banten), Bandung (West Java);
Parigi Moutong (Central Sulawesi), Gresik, Nganjuk,
Surabaya, Kediri, and Malang (East Java), Sampit (Central
Kalimantan), Bontang (East Kalimantan), Jayapura
(Papua), Ambon (Maluku), Sumbawa (West Nusa
Tenggara), and Denpasar (Bali), reaching a total of 780
beneficiaries.
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In addition, a blood drive event was held in Parigi
Moutong, resulting in 18 blood bags collected, along with
maternal and child health education and dissemination
in various cities, including:
■ Malang: Maternal health and child development
■ Sampit: Stunting prevention awareness for children
■ Gresik: Seminar on children’s dental and oral health
■ Nganjuk: Maternal and child health counseling
■ Bandung: Seminar titled “Becoming Strong and
Empowered Women” Gerakan 1000 untuk Anak Bangsa
(The 1000 Movement for Indonesian
These activities embodied BFI Finance’s commitment Children)
to advancing the health, education, and well-being of
mothers and children across its operational areas. Gerakan 1000 untuk Anak Bangsa is an annual CSR
program aimed at supporting access to basic education
facilities for children in economically challenged areas. In
EDUCATION 2025, BFI Finance distributed 1,010 pairs of school shoes
along with socks and backpacks to students at five public
elementary schools in Lampung Province. These schools
were located in Tulang Bawang, Central Lampung, and
Pesawaran Regencies. The Company also conducted
disaster preparedness training at these schools.
Sekolah SINERGI (School of Innovation
for Education, Resilience, Growth, and
Inclusion)
Sekolah SINERGI is a school development program
launched in 2025 and designed to run over a three-
Sports Achievement Scholarship “Jadi
year period. The program is implemented in phases,
Juara BFI Finance”
beginning with teacher capacity building in the first year,
(Becoming Champions of BFI Finance)
followed by student development in the second year, and
school infrastructure renovation in the third year. In 2025, Through the “Jadi Juara BFI Finance” Sports Achievement
activities focused on teacher training delivered through Scholarship, the Company supports the development of
four all-day, in-person sessions conducted over four days, high-performing teenage track and field athletes. The
with an emphasis on digital-based teaching methods. program provides technical running training, supporting
The school selected as this program’s beneficiary for facilities, and formal education support. During
the 2025–2027 period is SDN Rawa Buntu 02, Tangerang September 2024 to September 2025 period, scholarships
Selatan. were awarded to 10 youths from DKI Jakarta, East Nusa
Tenggara, and Papua. Several scholarship recipients
also had the opportunity to participate in the BFI RUN
2025 competition in the 5K category. The program is
scheduled to continue in 2026
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Graph 20 | Distribution of CSR Programs by Region
72% 9% 19%
West Indonesia Central Indonesia East Indonesia
Graph 21 | Distribution of CSR Programs by Island
7% 11%
Kalimantan Sulawesi
18%
Sumatra
9%
47%
Maluku and Papua
Java 8%
Bali and Nusa Tenggara
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Corporate
Data
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SHARE OWNERSHIP COMPOSITION
Table 76 | Composition of Shares and Shareholders as at 31 December 2025
Price per Share Rp25
Description
Total Shares Face Value (Rp) % Shares
Authorized Capital 20,000,000,000 500,000,000,000 100.00
Issued and Fully Paid-up Capital 15,039,383,620 375,984,590,500 75.20
Share Capital in Portfolio 4,960,616,380 124,015,409,500 24.80
Shareholders
Trinugraha Capital & Co SCA 7,688,125,938 192,203,148,450 51.12
Others (each below 5%) 7,351,257,682 183,781,442,050 48.88
Total 15,039,383,620 375,984,590,500 100.00
Table 77 | Share Ownership of BOC Members
Beginning of Year End of Year
Nature of
Name Position
Total Total Ownership
% Shares % Shares
Shares Shares
President
Francis Lay Sioe Ho 343,908,180 2.15% 338,908,180 2.25 Direct
Commissioner
Kusmayanto
Commissioner - - - - -
Kadiman
Saurabh Narayan
Commissioner - - - - -
Agarwal
Independent
Johanes Sutrisno - - - - -
Commissioner
Independent
Alfonso Napitupulu - - - - -
Commissioner
Total 343,908,180 2.15 338,908,180 2.25
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Table 78 | Share Ownership of Members of the BOD
Beginning of Year End of Year
Nature of
Name Position
Total Total Ownership
% Shares % Shares
Shares Shares
Sutadi President Director 18,817,000 0.12 19,817,000 0.13 Direct
Sudjono Director 26,310,800 0.16 35,000,000 0.23 Direct
Goklas Director 1,012,500 0.01 1,012,500 0.01 Direct
Tan Rudy
Director - - 1,006,000 0.01 Direct
Eddywidjaja
Iwan Director - - 2,000,000 0.01 Direct
Total 46,140,300 0.29 58,835,500 0.39
Graph 22 | Classification of Shareholders as at 31 December 2025
0.01
7.99
13.62
Foreign
Domestic %
78.38
Type of Shareholder Domestic (%) Foreign (%) Total (%)
Individual 13.62 0.01 13.63
Institutional 7.99 78.38 86.37
Total 21.61 78.39 100.00
The shareholding structure of PT BFI Finance Indonesia Tbk as at the end of 2025 comprised 14,356 individual and
institutional shareholders, with 78.39% registered overseas and the remaining 21.61% domestically. There are no
shareholders holding more than 5%, except for Trinugraha Capital & Co SCA as the controlling shareholder of BFI
Finance.
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Graph 23 | Shareholding Composition as at 31 December 2025
%
Trinugraha Capital & Co SCA
51.12 48.88
Others (each below 5%)
Graph 24 | Share Ownership Structure as at 31 December 2025
Garibaldi Thohir* Jerry Ng*
100%
Private equity
Other/Passive
managed by Ares
Bravo Capital Investors 2)
Singapore 1)
Holdings Ltd.
7.30% 23.20% 14.30% 55.20%
Bravo Investments
Limited
0.66% 99.34%
Trinugraha Capital & Co SCA** Public (<5%)
51.12% 48.88%
Francis Lay Sioe Ho
99.00% 1.00%
Note:
* Ultimate Beneficial Owner (UBO)
** The Shareholding composition exclude Treasury Stock of 1.26%
1) Ares Singapore refers to Ares Management Asia (Singapore) Pte. Ltd.
2) Other/Passive Investors are those without voting rights
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CONTROLLING SHAREHOLDER PROFILE
Trinugraha Capital & Co SCA
Manager
Trinugraha Capital (TC SARL)
Brief History
Trinugraha Capital & Co SCA (TCC) is a company incorporated under the laws of the Grand-Duchy of Luxembourg,
and registered in the country. The articles of association of TCC have been amended several times with the latest
amendment being effective based on the resolutions of TCC’s EGMS dated 21 February 2024.
Objectives and Interests of TCC
TCC’s objectives are participating, in any form, in companies, partnerships, or other forms of business entities. TCC
has the capability to be involved in all of the commercial, technical, financial, or operational aspects, either directly or
indirectly, in order to successfully achieve its objectives.
Managers and Supervisors of TCC
In accordance with its articles of association, TCC is managed by one or more managers who are the unlimited liability
shareholders/commandite. TC SARL, a société à responsabilité limitée, was appointed as the sole manager of TCC.
All matters related to TCC and their financial condition including in particular the bookkeeping and accounts are
overseen by the TCC Supervisory Board.
ULTIMATE BENEFICIAL OWNERS
The Ultimate Beneficial Owners (UBO) of the Company are Garibaldi Thohir and Jerry Ng. The Company submitted
the information disclosure regarding the ultimate beneficial owners to the RI Minister of Law as stated in the Data
Submission Statement dated 31 January 2025.
The designation of Garibaldi Thohir and Jerry Ng as the UBO is in accordance with the provisions in the Regulation of
the RI President No. 13/2018 on Implementation of the Principle of Recognizing Beneficial Owners of Corporations in
the Context of Preventing and Eradicating the Financial Crime of Money Laundering and the Criminal Act of Terrorism
Financing, in conjunction with the Regulation of the RI Minister of Law and Human Rights No.15/2019 on Procedures
for Implementing the Principle of Recognizing Beneficial Owners of Corporations.
The two parties designated as the UBO have fulfilled the criteria stated in Article 4 paragraph 1 points f and g of the
Regulation of the RI President No. 13/2018, namely:
a. Receiving benefits from a limited liability company; and/or
b. Being the actual owner of the funds related to the ownership of shares of the limited liability company.
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MANAGEMENT AND EMPLOYEE STOCK
OWNERSHIP PROGRAM (MESOP)
Pursuant to the EGMS Resolution on 29 June 2022, the Company implemented the Management and Employee
Stock Ownership Program (MESOP) on 75 million of its treasury shares, with an execution price of Rp500 per share, or
amounting to a total of Rp37.5 billion.
The transfer took place on 11 October 2022. Such shares under this MESOP scheme are blocked from trading for three
years since the transfer date.
To be eligible for taking part in the MESOP scheme, those who are the Company’s management and employees must:
1. Be active as employee of BFI Finance, and not part of the members of the BOD, BOC, and SSB of the Company;
2. Be registered as permanent employees and/or have been working for the Company since 1 January 2019;
3. Have their average KPI for the last two years at 2.5 at least;
4. Purchase the number of shares based on their personal grade (PG) as at 30 June 2022;
5. Have their MESOP eligibility revoked should they no longer work with the Company for any reason, including
resignation, before 30 September 2022; and
6. Be bound by other stipulations made separate to this regulation for issues that are not covered herein
The Company did not conduct MESOP in 2025.
CHRONOLOGICAL LISTING OF SHARES
AND CHANGES IN NUMBER OF SHARES
Chronology of Share Listing
Based on Deed No. 57 on 7 April 1982, and amended by Deed No. 40 dated 6 October 1982, both made before Kartini
Muljadi, S.H., a Notary in Jakarta, the authorized capital of the Company was Rp3 billion divided into 100 preferred
shares and 1,900 common shares, each with a nominal value of Rp1.5 million, while the issued and fully paid-up capital
amounting to Rp1.5 billion, divided into 100 preferred shares and 900 common shares.
Based on Deed No. 80 dated 22 November 1989 and Deed No. 27 dated 8 March 1990, the authorized capital of the
Company prior to conducting a public offering was increased, from Rp3 billion divided into 100 preferred shares and
1,900 common shares each with a nominal value of Rp1.5 million, to Rp15 billion divided into 15 million ordinary shares
each having a nominal value of Rp1,000. The issued and fully paid-up capital amounted to Rp8.5 billion, consisting of
8.5 million shares.
In 2025 the Company delisted 927,732,000 Treasury Shares, thus bringing the total number of shares to 15,039,383,620
shares. This delisting had no impact on the Company’s operations and solely reduced the issued and paid-up capital.
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Table 79 | Chronological Listing of Shares and Changes in Total Outstanding Shares
Stock Value & Price Total Listed
Corporate Action Listing Date Listed Shares
Exchange (Rp) Shares
Initial Public Offering BEJ & BES 16 May 1990 2,125,000 1,000 2,125,000
BEJ 14 June 1993
Share Dividend (the Company issued 1
1,062,500 1,000 3,187,500
new share for every 10 shares owned)
BES 11 June 1993
22 September
Bonus Share (the Company issued BEJ
1993
17 bonus shares for every 20 shares 9,934,668 1,000 13,122,168
13 September
owned) BES
1993
6 December
BEJ
1993
Company Listing 8,500,000 1,000 21,622,168
2 December
BES
1993
BEJ 22 March 1994
Share Dividend (the Company issued 1
7,207,390 1,000 28,829,558
new share for every 3 shares owned)
BES 21 March 1994
Limited Public Offering I
(Rights Issue I): BEJ & BES 9 May 1994 28,829,558 1,000 57,659,116
1 share entitled to 1 new share
Limited Public Offering II
(Rights Issue II): BEJ & BES 12 February 1997 115,318,232 1,000 172,977,348
1 share entitled to 2 new shares
3 November
Stock Split 1:2 BEJ & BES 172,977,348 500 345,954,696
1997
BEJ 11 May 2006
New Shares from MCB Conversion 414,384,585 500 760,339,281
BES 5 June 2006
Stock Split 1:2 BEI 7 August 2012 760,339,281 250 1,520,678,562
Issuance of Shares for Implementation
BEI 31 May 2013 5,936,000 250 1,526,614,562
of MESOP Phase I-Grant Date 1
Issuance of Shares for Implementation
BEI 30 May 2014 23,320,000 250 1,549,934,562
of MESOP Phase I-Grant Date 2
Issuance of Shares for Implementation
BEI 29 May 2015 16,025,000 250 1,565,959,562
of MESOP Phase II-Grant Date 1
Issuance of Shares for Implementation
BEI 31 May 2016 30,752,000 250 1,596,711,562
of MESOP Phase II-Grant Date 2
Stock Split 1:10 BEI 5 June 2017 14,370,404,058 25 15,967,115,620
Delisting of Treasury Shares BEI 22 July 2025 (927,732,000) 25 15,039,383,620
All of the above actions have been approved by the capital market authorities and duly implemented.
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CHRONOLOGICAL LISTING OF OTHER
SECURITIES
Table 80 | Bond Listing Summary
Amount Amount per
Date Listed on Bond
Debt Securities Issued Effective Date Issued Serial Coupon
IDX Rating
(Rp billion) (Rp billion)
Obligasi Serial A 200 6.00%
Berkelanjutan
V BFI Finance
31 May 2021 AA-(idn) 600
Indonesia
Tahap I
Tahun 2021 Serial B 400 7.75%
Serial A 210 5.25%
Obligasi
Berkelanjutan
V BFI Finance
Serial B 9 August 2021 AA-(idn) 1,000 260 6.25%
Indonesia
Tahap II
Tahun 2021
Serial C 530 7.25%
21 May 2021
(No. S-66/
Obligasi Serial A D.04/2021) 617 6.25%
Berkelanjutan
V BFI Finance 30 January
Serial B AA-(idn) 1,100 227 7.00%
Indonesia 2023
Tahap III
Tahun 2023 Serial C 256 7.375%
Serial A 590 6.10%
Obligasi
Berkelanjutan Serial B 385 7.00%
V BFI Finance
17 April 2023 AA-(idn) 1,600
Indonesia
Tahap IV Serial C 625 7.15%
Tahun 2023
Obligasi
Berkelanjutan Serial A 250 6.00%
V BFI Finance
16 June 2023 AA-(idn) 1,100
Indonesia
Tahap V
Serial B 850 7.00%
Tahun 2023
Serial A 100 6.60%
Obligasi
Berkelanjutan
VI BFI Finance Serial B 26 September 200 6.80%
AA-(idn) 600
Indonesia 2024
Tahap I
Tahun 2024 18 September
Serial C 2024 300 6.90%
(No. S-130/
D.04/2024)
Obligasi Serial A 414 6.45%
Berkelanjutan
VI BFI Finance Serial B 6.80%
18 June 2025 AA-(idn) 1,000
Indonesia
Tahap II
Serial C 320 6.90%
Tahun 2025
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Public Legal Bond Rating
Due Date Status Underwriter Trustee Notary
Accountant Consultant Agency
PT BNI Sekuritas
PT BRI Danareksa
8 June 2022 Sekuritas PT Bank Tanubrata
Ir. Nanette
PT DBS Vickers Tabungan Sutanto Jusuf PT Fitch
Cahyanie
Paid Sekuritas Indonesia Negara Fahmi Indradewa & Ratings
Handari Adi
PT Mandiri Sekuritas (Persero) Bambang & Partners Indonesia
Warsito, S.H.
PT Trimegah Tbk Rekan
28 May 2024 Sekuritas Indonesia
Tbk
16 August PT BCA Sekuritas
2022 PT BNI Sekuritas
PT DBS Vickers
PT Bank Tanubrata
Sekuritas Indonesia Ir. Nanette
Tabungan Sutanto Jusuf PT Fitch
6 August PT BRI Danareksa Cahyanie
Paid Negara Fahmi Indradewa & Ratings
2023 Sekuritas Handari Adi
(Persero) Bambang & Partners Indonesia
PT Mandiri Sekuritas Warsito, S.H.
Tbk Rekan
PT Trimegah
6 August Sekuritas Indonesia
2024 Tbk
7 February PT BCA Sekuritas
2024 PT BRI Danareksa PT Bank Tanubrata
Paid Ir. Nanette
Sekuritas Tabungan Sutanto Jusuf PT Fitch
27 January Cahyanie
PT Mandiri Sekuritas Negara Fahmi Indradewa & Ratings
2025 Handari Adi
PT Trimegah (Persero) Bambang & Partners Indonesia
Warsito, S.H.
27 January Not yet Sekuritas Indonesia Tbk Rekan
2026 due Tbk
24 April 2024 PT BCA Sekuritas
Paid PT BRI Danareksa PT Bank Tanubrata
14 April 2025 Ir. Nanette
Sekuritas Tabungan Sutanto Jusuf PT Fitch
Cahyanie
PT Mandiri Sekuritas Negara Fahmi Indradewa & Ratings
Handari Adi
Not yet PT Trimegah (Persero) Bambang & Partners Indonesia
14 April 2026 Warsito, S.H.
due Sekuritas Indonesia Tbk Rekan
Tbk
PT BCA Sekuritas
25 June PT BRI Danareksa PT Bank Tanubrata
Paid Ir. Nanette
2024 Sekuritas Tabungan Sutanto Jusuf PT Fitch
Cahyanie
PT Mandiri Sekuritas Negara Fahmi Indradewa & Ratings
Handari Adi
PT Trimegah (Persero) Bambang & Partners Indonesia
Not yet Warsito, S.H.
15 June 2026 Sekuritas Indonesia Tbk Rekan
due
Tbk
5 October
Paid
2025 PT BCA Sekuritas
PT BRI Danareksa PT Bank Tanubrata
25 Ir. Nanette
Sekuritas Tabungan Sutanto Jusuf PT Fitch
September Cahyanie
PT Mandiri Sekuritas Negara Fahmi Indradewa & Ratings
2026 Handari Adi
Not yet PT Trimegah (Persero) Bambang & Partners Indonesia
Warsito, S.H.
25 due Sekuritas Indonesia Tbk Rekan
September Tbk
2027
27 June PT BCA Sekuritas
2026 PT BRI Danareksa PT Bank Tanubrata
Ir. Nanette
17 June 2027 Sekuritas Tabungan Sutanto Jusuf PT Fitch
Not yet Cahyanie
PT Mandiri Sekuritas Negara Fahmi Indradewa & Ratings
due Handari Adi
PT Trimegah (Persero) Bambang & Partners Indonesia
Warsito, S.H.
17 June 2028 Sekuritas Indonesia Tbk Rekan
Tbk
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Highlights and Analysis
BOARD OF COMMISSIONERS
MAIN TASKS
The Board of Commissioners (BOC) is a representative body of the shareholders, established to perform supervisory
functions based on the articles of association, to advise the BOD in managing the Company, as well as to monitor the
efficacy of GCG practices in the Company.
In exercising supervision:
1. The BOC acts collectively as the board and not individually;
2. The BOC is not allowed to perform executive tasks, which are the authority of the BOD, except in certain
circumstances and for a specific period of time, based on the articles of association or GMS resolution;
3. Supervision is conducted on the decisions that have been taken (ex-post facto) and/or decisions to be taken
(preventive basis);
4. Supervision is conducted not only by receiving information from the BOD or the GMS, but can also be conducted
by taking other actions according to accurate and reliable information from other sources;
5. The BOC is not merely approving or disapproving of the acts that require the approval of the BOC, but also
supervising all business and corporate aspects of the Company;
6. The BOC shall ensure that the Company’s Annual Report includes information about the identity of the BOC
members, their positions, meetings, honorarium, and other information as stipulated in the applicable regulations;
and
7. The BOC shall ensure that the BOD has followed up on audit findings and recommendations of the Company’s
internal audit unit, external audit, and the results of OJK and/or other authorities’ supervision.
BOC APPOINTMENT AND DISMISSAL PROCEDURES
Based on the articles of association, BOC members are appointed by the GMS for a period of five years, without
prejudice to the right of the GMS to dismiss them at any time before the tenure expires, if the BOC members are
deemed to be able to carry out their duties as stipulated in the articles of association and/or the GMS resolutions. Such
dismissal is applicable after the close of the meeting, unless otherwise determined by the GMS. After their term of
office ends, BOC members may be reappointed by the GMS.
Prior to their appointment as BOC members, candidates are required to meet the requirements set by POJK No. 34/
POJK.03/2018 dated 27 December 2018 on Reassessment of Key Personnel in Financial Services Institutions which has
been amended by POJK No. 14/POJK.03/2021 dated 30 July 2021 in conjunction with POJK No. 27/POJK.03/2016 dated
22 July 2016 on Fit and Proper Assessment for Key Personnel in Financial Services Institutions. Candidates are required
to pass the fit and proper test conducted by the fit and proper test team formed by OJK. All current BOC members
have complied with the applicable regulations.
Upon reaching the end of their term of office, the BOC members may be reappointed, subject to a performance
assessment overseen by the Nomination and Remuneration Committee. After assessment, the Nomination and
Remuneration Committee will make a recommendation, should the Committee decide to authorize the BOC
members’ reappointment. Based on the recommendations of the Nomination and Remuneration Committee, the
BOC will propose the reappointment of the BOC members at the GMS.
CRITERIA FOR BOC MEMBERS APPOINTMENT
Those who may be appointed as BOC members are those who meet the requirements as specified by the applicable
regulations in the Capital Market, and that upon appointment and during their period:
1. Have a good character, morals, and integrity;
2. Are legally competent;
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Governance Statements
3. Within five years prior to appointment and during their tenure:
a. Have not been declared bankrupt;
b. Have never been members of a BOD and/or a BOC that has been found guilty for causing a company to go
bankrupt;
c. Have never been convicted of a criminal act that is detrimental to the country’s financial sector and/or related
to the financial sector; and
d. Have never been members of a BOD and/or a BOC that during their period:
■ Have never conducted an AGMS;
■ Have been members of a BOD and/or a BOC whose accountability had not been accepted by the GMS or
had not provided accountability as members of a BOD and/or a BOC to the GMS; and
■ Have never caused a company that obtained a license, approval, or registration of OJK to not fulfill the
obligation to submit annual reports and/or financial reports to OJK;
e. Have commitment to complying with the prevailing regulations; and
f. Have the required knowledge and/or expertise in the Company’s field of business;
4. Have met the additional criteria for the Commissioner who is also an Independent Commissioner, as outlined in
the Independent Commissioners section in this chapter.
BOC GUIDELINES AND WORK RULES
In carrying out its duties and responsibilities, the BOC refers to its guidelines and work rules prescribed in the Board
Manual of the BOC and the BOD of PT BFI Finance Indonesia Tbk (Board Manual), issued on 1 December 2015 and
revised on 16 June 2025.
The Board Manual stipulates various aspects of the BOC, including its function, membership, supervisory guidelines,
positional ethics, duties and authorities, rights, meetings, performance evaluation, supporting bodies, and the working
relationship between the BOC and the BOD.
The Board Manual of the BOC is accessible at https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/board-
manual.
BOC COMPOSITION, DIVERSITY, CONCURRENT POSITIONS, AND
INDEPENDENCE
The BOC Profiles section in the Company Profile chapter (pages 64–69) and other information regarding the BOC in
the GCG chapter (pages 167–168) present in full the composition, diversity, concurrent positions, and independence of
each member of the BOC.
Members of the BOC of BFI Finance have no financial and familial relationships up to the second degree with fellow
BOC members, BOD members, and/or the Controlling Shareholders, or with the Company, except for Kusmayanto
Kadiman (Commissioner) and Saurabh Narayan Agarwal (Commissioner), who have financial relationships with the
controlling shareholder.
During the reporting period, none of the BOC members owned shares amounting to 5% or more of the paid-up capital
in BFI Finance or in any other companies.
Throughout the reporting period, all members of the Company’s BOC complied with the provisions of POJK No.
48 of 2024 dated 31 December 2024 on Good Governance for Financing Institutions, Venture Capital Companies,
Microfinance Institutions, and Other Financial Services Institutions (POJK 48/2024) and POJK No. 33/POJK.04/2014 on
the Board of Directors and Board of Commissioners of Issuers or Public Companies (POJK 33/2014).
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Highlights and Analysis
Table 81 | BOC Independence
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Francis Lay Sioe Ho
Kusmayanto
Kadiman
Saurabh Narayan
Agarwal
Johanes Sutrisno
Alfonso Napitupulu
INDEPENDENT COMMISSIONERS
Based on the definition of POJK 33/2014, Independent Commissioners are members of the BOC from outside the
Issuer or Public Company who meet the requirements as Commissioners. In accordance with Article 20 of the POJK,
in the event that the BOC consists of two members, one of them must be an Independent Commissioner. BFI Finance
is required to have Independent Commissioners, representing a minimum of 30% of the total members of the
Company’s BOC. This requirement has been successfully met, with two of the five members of the Company’s BOC
being Independent Commissioners (40%).
In addition to meeting the requirement provisions as a member of the BOC, an Independent Commissioner shall
meet the following requirements:
1. Is not a person who is working or having authority and responsibility for planning, directing, controlling, or
supervising the activities of the Company within six months, except for reappointment as an Independent
Commissioner of the Company in subsequent periods;
2. Does not own shares; either directly or indirectly; in the Company;
3. Is not affiliated with the Company, members of the BOC, members of the BOD, or major shareholders of the
Company;
4. Does not have any business relationship; either directly or indirectly; relating to the Company’s business activities;
and
5. Independent Commissioners who have served for two periods may be reappointed for the next period providing
the Independent Commissioners declare to remain independent to the GMS.
Based on the Board Manual of the BOC and the BOD, former members of the BOD or executive officers of the Company
or parties who have a relationship with the Company, which may affect their ability to act independently, cannot be
appointed as Independent Commissioners of the Company, before completing a cooling off period of one year.
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Independent Commissioners’ Statement of Independence
The statement of independence of Independent Commissioners is stipulated in the annual report. In case the
Independent Commissioner is also serving at the Audit Committee, said Independent Commissioner may only be
reappointed for one more term of office at the Audit Committee.
With reference to Article 25 of POJK 33/2014, each of the Company’s Independent Commissioners, namely Johanes
Sutrisno and Alfonso Napitupulu, has met the criteria as Independent Commissioners as regulated in the provisions
for implementing GCG for finance companies. Neither of them has any financial, management, share ownership
and/or family relationships with other BOC members, BOD and/or Controlling Shareholders or relationships with the
Company, which may affect their ability to act independently as stipulated in the implementation of GCG for finance
companies.
ORIENTATION PROGRAM FOR NEW BOC MEMBERS
For new BOC members, to enable them to determine the general condition of the Company and be more familiar
with the other members, and devise ways to collaborate as a solid, comprehensive and effective team, the Company
organizes an orientation program. Orientation of new BOC members is held at the first BOC Meeting attended by the
new members.
WORKING RELATIONSHIP BETWEEN THE BOC AND THE BOD
The Company maintains a good working relationship between the BOC and the BOD by applying the following
principlest:
1. The BOC must respect the functions and roles of the BOD in managing the Company as stipulated in the laws and
the Company’s articles of association.
2. The BOD must respect the functions and roles of the BOC in conducting monitoring and providing policy advice
to the management of the Company.
3. The working relationship between the BOC and the BOD is a formal relationship, guided by a standard mechanism
or correspondence that can be accounted for.
4. Informal working relationships are allowed for the BOC members and BOD members, but cannot be used as a
formal policy before undergoing the proper mechanism or correspondence that can be accounted for.
5. The BOC reserves the right to gain access to timely, accurate, and complete company information.
6. To obtain further information on a case, the Board may request explanations from officials under the BOD with
prior coordination with the BOD, so as to create a working relationship between the BOC and the BOD, so that the
aim of corporate communication through the one-gate policy can be achieved.
7. The BOD is responsible for ensuring that information about the Company is granted to the BOC in a timely,
accurate, consistent and complete manner.
8. Every working relationship between the BOC and the BOD is an institutional relationship. The working relationship
between any member of the BOC and the BOD must be known by all members of both boards.
BOC COMMITTEES
In executing their duties, the BOC is assisted by three committees, i.e., Audit Committee, Risk Oversight Committee,
and Nomination and Remuneration Committee. Each committee consists of the Chairperson from one of the
Independent Commissioners, and its members, whom are appointed by the BOC. The functions and duties of these
committees are elaborated in their respective charters. These three committees report to the BOC.
BOC Committees Performance Evaluation
Based on the result of assessment of each committee under the BOC, considering the collective performance,
competence, and attendance in meetings of each committee, the BOC concluded that its committees carried out
their respective duties and responsibilities in 2025, according to the mandate given to them.
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Highlights and Analysis
BOARD OF DIRECTORS
MAIN TASKS
The Board of Directors (BOD) is established as the Company’s governance body that is fully responsible for the
management of the Company’s interests and objectives as well as representing the Company, both in and out of the
court, in every way and for any event.
BOD APPOINTMENT AND DISMISSAL PROCEDURES
Based on the articles of association, BOD members are appointed by the shareholders at the GMS for a term
commencing on the date of appointment until the closing of the fifth AGMS. BOD members may be dismissed by the
shareholders at the GMS at any time before their term of office expires.
Prior to their appointment as BOD members, candidates are required to meet the requirements set by POJK 34/2018
on Reassessment of Key Personnel in Financial Services Institutions, which has been amended with POJK No. 14/
POJK.03/2021 dated 31 July 2021, in conjunction with POJK No. 27/POJK.03/2016 dated 22 July 2016 on Fit and Proper Test
for Key Personnel in Financial Services Institutions. Candidates are required to pass the fit and proper test conducted
by the fit and proper test team formed by OJK. All BOD members have complied with the prevailing regulations.
Upon reaching the end of their term of office, the BOD members may be reappointed, subject to a performance
assessment supervised by the Nomination and Remuneration Committee. After the assessment, the Nomination
and Remuneration Committee shall make a recommendation if the Committee authorizes the reappointment of
those members whose period has finished. Based on the recommendations of the Nomination and Remuneration
Committee, the BOC will propose the reappointment of the BOD members at the GMS.
CRITERIA FOR BOD MEMBERS APPOINTMENT
Those who may be appointed as BOD members can be Indonesian citizens and/or foreign nationals who are qualified
to be appointed as Directors of the Company, in line with the articles of association, and following the provisions of the
prevailing regulations in the Capital Market, among others:
1. Have a good character, morals and integrity;
2. Are legally competent;
3. Within five years prior to appointment and during their period:
a. Have not been declared bankrupt;
b. Have never been members of a BOD and/or a BOC that has been found guilty for causing a company to
bankruptcy;
c. Have never been convicted of a criminal act that is detrimental to the country’s financial sector and/or related
to the financial sector; and
d. Have never been members of a BOD and/or a BOC that during their period:
■ Have never conducted an AGMS;
■ Have been members of a BOD and/or a BOC whose accountability had not been accepted by the GMS or
had not provided the accountability as members of a BOD and/or a BOC to the GMS; and
■ Have caused a company that obtained a license, approval, or registration of OJK to not fulfill the obligation
to submit annual reports and/or financial reports to OJK;;
e. Have commitment to comply with the prevailing regulations; and
f. Have the required knowledge and/or expertise in the Company’s field of business.
In addition to the above, BOD members are also obliged to meet the following requirements:
1. Have sufficient knowledge and relevant to their positions;
2. Have an understanding of the laws and regulations concerning finance companies as well as other laws and
regulations relating to the finance companies;
3. Have experience working in finance companies and other fields that are relevant to their positions; and
4. Have the ability to make strategic management decisions in order to develop the Company into a healthy financial
institution.
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BOD GUIDELINES AND WORK RULES
In carrying out its duties and responsibilities, the BOD refers to its guidelines and work rules prescribed in the BOC
and the BOD Manual of PT BFI Finance Indonesia Tbk (Board Manual), issued on 1 December 2015 and revised on 16
June 2025.
The Board Manual stipulates various aspects of the BOD, including its function, membership, criteria, positional
ethics, duties and authority, rights, meetings, performance evaluation, and the supporting bodies of the BOD.
The Board Manual of the BOD is accessible at
https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/board-manual.
BOD AUTHORITY AND RIGHTS
The BOD, in carrying out the Company’s activities and operations, reserves the authority to:
1. Pursue business development;
2. Represent the Company in and out of court;
3. Develop provisions concerning employment including recruitment, transfer, succession and termination, salary
determination, post-employment benefits and retirement, as well as other income based on the prevailing
regulations;
4. Appoint and dismiss the Corporate Secretary; and
5. Establish strategic and operational decisions that involve risks and uncertainties.
In carrying out the business and operational activities, BOD reserves the following rights:
1. Every BOD member is entitled to resign by submitting a written notification to the Company of their intent at least
30 days before the date of their resignation;
2. Every BOD member has the right to defend themselves at the GMS if the GMS at any time dismiss said BOD
member;
3. The BOD has the right to appoint one or more as representatives or proxies to perform certain legal actions by
giving special powers set forth in the power of attorney;
4. The BOD is entitled to represent the Company in and out of court on all matters and in any event as well as perform
all acts and deeds, both regarding maintenance and ownership, as well as binding the Company with other parties,
within the restrictions stipulated in the articles of association of the Company; and
5. The BOD members are entitled to a salary and/or benefits.
BOD COMPOSITION, DIVERSITY, CONCURRENT POSITIONS, AND
INDEPENDENCE
The composition of the Company’s BOD reflects the diversity of its members, both in terms of education, work
experience, age, and skills. Each BOD member is highly competent with regards to enhancing the Company’s
performance. The diversity of the BOD members has been met implicitly with the fulfillment of the requirements as
BOD members, one of which is having expertise in the areas that are important for the Company.
The BOD Profiles section in the Company Profile chapter (pages 70–75) and other information regarding the BOD in
the GCG chapter (pages 169–170) present in full the composition, diversity, concurrent positions, and independence of
each member of the BOD.
Members of BFI Finance’s BOD have no financial and family relationships to the second degree with fellow BOD
members, members of the BOC, and/or Controlling Shareholders, or relationships with the Company.
During the reporting period, none of the BOD members owned shares amounting to 5% or more of the paid-up capital
in BFI Finance or in any other companies.
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Highlights and Analysis
All BOD members of the Company presiding up to 31 December 2025 have complied with POJK 48/2024 and POJK
33/2014 provisions.
Table 82 | BOD Independence
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Sutadi
Sudjono
Goklas
Tan Rudy
Eddywidjaja
Iwan
DIVISION OF BOD DUTIES AND RESPONSIBILITIES
Name and
Duties and Responsibilities
Position
As the Chief Executive Officer (CEO), he holds the highest decision-making authority in the
Company and is responsible for the overarching achievement of the Company’s business
objectives and targets. Together with other members of the BOD, he leads the formulation
and implementation of the Company’s strategic objectives and business plans. Concurrently
serving as Chief Risk Officer (CRO), he is responsible for overseeing risk management across
all aspects of the Company’s business, including credit/financing, liquidity and funding,
operational, legal and regulatory, strategic/business, and reputational risks. His primary duties
include reviewing and approving proposed business risks, implementing and monitoring
Sutadi
risk management policies and procedures, managing credit operations to support business
President Director
objectives, maintaining a comprehensive analytical infrastructure, and working with business
and operational units to ensure that the Company’s risks are identified, measured, and
managed within established thresholds. He receives direct reports from all BOD members,
overseeing the functions of Technology, Digital Business, Internal Audit, Corporate Compliance,
Risk Management (including work units such as Operational Risk, Credit Operations, and Anti-
Fraud), AML–CFT–CPF, and Corporate Secretary In the management of the BOD Committees,
he acts as Chairman of both the Risk Management and the Information Technology Steering
Committees.
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Name and
Duties and Responsibilities
Position
As the Chief Financial Officer (CFO), he is responsible for directing and monitoring all the
financial activities, including funding sources and adequacy of funding (including liquidity
position) to support business growth, financial control, oversight of strategic projects, and
also the presentation of financial statements in accordance with the applicable accounting
standards and regulations. He acts as the partner for business units and regional business
operations in regards to reporting and analysis of financial and operational performance of
the Company’s business lines. Concurrently serving as the Chief Operating Officer (COO), he is
Sudjono
responsible for ensuring the alignment of functions within the organization run properly and
Finance Director
complying with internal policies, as well as supervising and ensuring the standardization of
customer service in order to achieve a sustainable level of customer satisfaction. The various
departments and work units under his supervision consist of: Financial Control, Finance &
Treasury, Corporate Program & CSR, Operations & Service Excellence, Compensation, Benefits
& Rewards, as well as Investor Relations functions. In the management of the BOD Committees,
he acts as a member of both the Risk Management and the Information Technology Steering
Committees. In relation to the Company’s subsidiary (PT FIT), he serves as a Commissioner.
As the Chief Transformation Officer, he is responsible for guiding and ensuring various initiatives
in the organization that aim to transform the Company to strengthen its readiness and excel
in facing competition amidst market developments and the dynamics of the financing
industry. His core duties consist of: achieving the Company’s aspirations in the long and short
term by ensuring the implementation of the Company’s strategies, especially in the areas of
transformation projects, incubation and optimization of the Company’s business; providing
direction and ensuring the implementation of the Company’s priorities in transformation
Goklas projects for the development of the Company’s business; utilizing technology and data
Transformation optimally to drive better analysis, more efficient work processes, and superior customer
Director service quality compared to competitors. Concurrently serving as the Chief Human Capital
Officer (CHCO), he is also responsible for monitoring the development and management of
the Company’s HR as a whole, ensuring the availability of HR with adequate competence and
integrity to carry out business processes with good governance, and developing excellent HR
in a sustainable manner. The departments and work units under his supervision are the Project
Management Office (PMO) & Data Management, Human Capital, and Branch Business Partner.
In the management of the BOD Committees, he is a member of both the Risk Management
and the Information Technology Steering Committees.
As the Chief Marketing Officer (CMO), he is responsible for formulating marketing strategies
and work plans to ensure the achievement of annual business targets, preparing annual
budget plans for the financing business which includes product segments for retail customers
(used and new cars, used motorcycles, and property), commercial products for corporate
customers (heavy equipment and machinery), and sharia-based financing. He collaborates
with the Risk Management Department in managing the risk level of each retail and corporate
product segment to ensure the achievement of profitability targets. The various departments
Tan Rudy
and work units under his supervision consist of: Dealer Financing (new and used car segments
Eddywidjaja
as well as heavy equipment and machinery), Non-Dealer Financing (used car and motorcycle
Business Director
segments), Property-Backed Financing (PBF Business), Sharia Business Unit (SBU), National
Sales, Business Channel (including, among others, the functions of Agency, Online Marketing,
Direct & Telemarketing, Website Performance), and Business Innovation (including, among
others, the functions of Business System, Business Projects & Intelligence, as well as Marketing
Communication that covers the Offline Communication, Customer Insight and Social Media,
Innovation & Creative). In the management of the BOD Committees, he is a member of the
Information Technology Steering Committee.
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Highlights and Analysis
Name and
Duties and Responsibilities
Position
As the Chief Asset Management Officer (CAMO), he is responsible to oversee the Company’s
entire asset portfolio and maintain their quality through collection and recovery of overdue
receivables, as well as ensuring that the collection and settlement process for problematic
contracts complies with applicable laws and regulations. He cooperates with business and
Iwan operational units to develop strategies to maximize value, drive performance, manage risk,
Asset ensure compliance, align assets with overall business goals, as well as to conduct financial
Management planning, budget management and operational efficiency, and to act as a key link between
Director business units, the BOD, and stakeholders for proactive resource management and strategic
decisions. The various departments and work units under his supervision consist of: Asset
Management (including Legal & Litigation), Inventory, and Insurance & Operational Services.
In the management of the BOD Committees, he is a member of the Information Technology
Steering Committee.
ORIENTATION PROGRAM FOR NEW BOD MEMBERS
BFI Finance provides an orientation program for its new BOD members to provide knowledge about the general
condition of the Company and be more familiar with the other members, and altogether devise ways to collaborate
as a solid, comprehensive and effective team. The orientation of new BOD members is held in the first BOD meeting
attended by the new members.
In 2025, the orientation program was held once, attended by the Business Director and the Asset Management
Director, both appointed pursuant to the Deed of EGMS Minutes No. 2 on 8 May 2025.
COMMITTEES UNDER THE BOD
The BOD has three committees under the BOD to support the management’s performance, with the details for each
as follows
Sharia Product and Business Activity Development Committee
This committee was formed based on the BOD Decree No. SK/SYARIAH/19-0176 dated 25 July 2019, in accordance with
Article 12 POJK No. 10/POJK.05/2019 on Business Operations of Sharia Finance Companies and Sharia Business Units
of Finance Companies (POJK 10/2019), as amended by POJK No. 46 of 2024 on the Development and Strengthening of
Finance Companies, Infrastructure Finance Companies, and Venture Capital Companies (POJK 46/2024). The structure
and duties of the Committee were re-established through the BOD Decree No. SK/SYARIAH/24-0358 UPD 0 dated 25
October 2024. As at 31 December 2025, the Committee was chaired by the Head of Sharia Business Unit (SBU), had
three members, and in possession of a charter. Committee meetings are held at least once in six months.
Independence Statement
All Committee members maintain their professionalism and accountability at work, and refrain from taking personal
advantage, either directly or indirectly, from the Company’s activities other than their legitimate income. Committee
members are committed to implementing POJK 10/2019 provisions, as amended by POJK 46/2024.
Duties and Functions
1. Conducting studies and analysis of product development or new business activities to be enacted or marketed;
2. Evaluating and improving each product or business activity;
3. Providing recommendations, suggestions/input, and evaluation of marketing aspects, fulfillment of sharia
principles, and risk mitigation; and
4. Formulating and proposing monthly and annual performance achievements for business activities based on
sharia principles.
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Committee Composition
The Sharia Product and Business Activity Development Committee as at 31 December 2025 comprised:
■ Chairman: Deni Nasri
■ Members:
‐ August Rinaldi Sanoesi
‐ Emiliana Woro Saptiti Hari Putri
‐ Arwin
Table 83 | Profiles and Term of Office of Members of the Sharia Product and Business Activity Development Committee
Term of
Internal Position Office
Name Position Age Nationality Educational Background
in the Company on the
Committee
Deni Nasri Chairman 47 Indonesian ■ Bachelor of Head of SBU 2021–2026
Economics in
Accounting, Andalas
University, Padang
(2001)
■ Master of Economics,
Sekolah Tinggi
Ekonomi Islam (STEI)
Tazkia, Bogor (2021)
August Rinaldi Member 43 Indonesian ■ Associate Diploma Head of Risk 2022–2026
Sanoesi in Engineering, Management
Mechanical
Engineering Major,
Politeknik Negeri
Jakarta (2003)
■ Credit Risk Program
Academy Global,
Singapore (2015)
Emiliana Woro Member 43 Indonesian ■ Bachelor of Head of Credit 2023–2026
Saptiti Hari Architectural Operations
Putri
Engineering,
University of Atma
Jaya Yogyakarta
(UAJY) (2000)
Arwin Member 43 Indonesian ■ Bachelor of Head of Asset 2024–2026
Economics in Management
Management, Trisakti
University, Jakarta
(2000)
Table 84 | Schedule and Attendance of the Sharia Product and Business Activity Development Committee Meetings
August Rinaldi Emiliana Woro
Date Deni Nasri Arwin
Sanoesi Saptiti Hari Putri
23 June 2025
24 November 2025
Total Attendance of Each
2 2 2 2
Member
Attendance Percentage of
100% 100% 100% 100%
Each Member
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Highlights and Analysis
Risk Management Committee
This committee was formed based on the BOD Decree No. SK/RPP/21-0116 dated 14 July 2021 to carry out the duties and
functions according to POJK No. 42 of 2024 on the Implementation of Risk Management for Financing Institutions,
Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions (POJK 42/2024). The
structure and duties of the Committee were re-established through the BOD Decree No. SK/OPRISK/25-0090 UPD 1
dated 23 May 2025. As at 31 December 2025, the Committee was chaired by the President Director, had four members,
and in possession of a charter. Committee meetings are held at least once in three months.
Independence Statement
All Committee members maintain their professionalism and accountability at work, and refrain from taking personal
advantage, either directly or indirectly, from the Company’s activities other than their legitimate income. Committee
members are committed to implementing POJK 42/2024 provisions.
Duties and Functions
1. Identifying risks including inherent risks in the Company’s business activities;
2. Developing risk measurement methods according to the size and complexity of the Company’s business, including
designing and implementing the tools needed in the implementation of Risk Management;
3. Monitoring the implementation of the Risk Management strategy, including monitoring the Risk Management
strategy in business and operational functions;
4. Monitoring the overall (composite) risk position, each type of risk, and each type of functional activity against
the given risk tolerance and predetermined limits, as well as carry out stress testing to determine the impact
of the implementation of Risk Management policies/strategies on the Company’s performance as a whole and
performing back testing to find out the appropriateness of the risk measurement method based on historical data
kept by the Company against the pre-established Risk Management policies and strategies;
5. Periodically reviewing the Risk Management process;
6. Reviewing proposals for the development or expansion of the Company’s business activities which are focused
on aspects of the Company’s ability to develop or expand business activities and their impact on the Company’s
overall risk exposure;
7. Evaluating the accuracy of the model and the validity of the data used to measure risk for companies that use
models for internal purposes (internal model) in the context of risk measurement;
8. Providing recommendations to the Company’s business and operational functions (risk-taking functions), among
others, in determining the risk exposure limits acceptable to the Company, and/or to the Risk Management
Committee, among others, in formulating the policies, strategies, and Risk Management framework, in accordance
with their respective remit; and
9. Preparing and submitting the risk profile reports to the President Director or a Director who oversees the Risk
Management function and the Risk Management Committee on a regular basis, with the frequency of reporting
able to be increased in the event of rapidly changing market conditions.
Committee Composition
The Risk Management Committee as at 31 December 2025 comprised:
■ Chairman: Sutadi
■ Members:
‐ Sudjono
‐ Goklas
‐ August Rinaldi Sanoesi
‐ Amy Setyawati
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Table 85 | Profiles and Term of Office of Members of the Risk Management Committee
Term of
Internal
Office
Name Position Age Nationality Educational Background Position in the
on the
Company
Committee
President
Sutadi Chairman 51 Indonesian See page 71 2021–2026
Director
Sudjono Member 55 Indonesian See page 72 Finance Director 2021–2026
Transformation
Goklas Member 47 Indonesian See page 73 2025-2026
Director
August Rinaldi Head of Risk
Member 43 Indonesian See Table 83 2022–2026
Sanoesi Management
Head of
Bachelor of Economics
Operational Risk
in Management, Satya
Amy Setyawati Member 53 Indonesian & Anti-Money 2021–2026
Wacana Christian University
Laundering
(UKSW), Salatiga (1996)
(AML)
Table 86 | Schedule and Attendance of the Risk Management Committee Meetings
August Rinaldi
Date Sutadi Sudjono Goklas Amy Setyawati
Sanoesi
14 January 2025
5 February 2025
14 April 2025
9 October 2025
Total
Attendance of 4 4 4 4 4
Each Member
Attendance
Percentage of 100% 100% 100% 100% 100%
Each Member
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Information Technology (IT) Steering Committee
This committee was formed based on the BOD Decree No. SK/IT/21-0113 dated 4 August 2021 to carry out the duties and
functions in accordance with POJK No. 4/POJK.05/2021 on Application of Risk Management in the Use of Information
Technology by Non-Bank Financial Services Institutions (POJK 4/2021). The structure of the Committees were
re-established through the BOD Decree No. SK/IT/25-0358 UPD 1 dated 11 December 2025. As at 31 December 2025,
the Committee was chaired by the President Director, had six members, and in possession of a charter. Committee
meetings are held at least once in six months.
Independence Statement
All Committee members maintain their professionalism and accountability at work, and refrain from taking personal
advantage, either directly or indirectly, from the Company’s activities other than their legitimate income. Committee
members are committed to implementing POJK 4/2021 provisions.
Duties and Functions
1. In relation to the Department’s Business Strategic Plan, periodically reviewing the IT Department’s strategy,
including the roadmap and required resources;
2. Providing recommendations for the formulation of IT policies and procedures, and ensuring that IT policies and
procedures are implemented effectively in the work units of the IT users and operators;
3. Monitoring the suitability and implementation of IT projects with the IT Development Strategic Plan and ensuring
the priorities;
4. Ensuring IT compatibility with the needs of management information systems and the needs of BFI Finance’s
business activities;
5. Reviewing the effectiveness of risk mitigation plans for the implementation of IT investments and ensure the
contribution of investments to the business of a unit/division/department;
6. Monitoring IT performance and efforts to improve IT performance;
7. Working towards resolving various IT-related issues that cannot be resolved by work units of IT users and operators
in an effective, efficient and timely manner; and
8. Ensuring sound and proper allocation of IT resources. If necessary, the Committee may procure the services of a
third party to assist in project implementation.
Committee Composition
The IT Steering Committee as at 31 December 2025 comprised:
■ Chairman: Sutadi
■ Members:
‐ Sudjono
‐ Goklas
‐ Tan Rudy Eddywidjaja
‐ Iwan
‐ Kharim Indra Gupta Siregar
‐ David Thamin
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Table 87 | Profiles and Term of Office of Members of the IT Steering Committee
Term of
Internal
Office
Name Position Age Nationality Educational Background Position in the
on the
Company
Committee
President
Sutadi Chairman 51 Indonesian See page 71 2025–2026
Director
Sudjono Member 55 Indonesian See page 72 Finance Director 2025–2026
Transformation
Goklas Member 47 Indonesian See page 73 2025–2026
Director
Tan Rudy Business
Member 55 Indonesian See page 74 2025–2026
Eddywijaja Director
Asset
Iwan Member 55 Indonesian See page 75 Management 2025–2026
Director
Chief
Kharim Indra
Member 60 Indonesian See page 86 Technology 2025–2026
Gupta Siregar
Officer
■ Bachelor of Mechanical
Engineering,
Tarumanagara
University, Jakarta
Head of
(1994)
David Thamin Member 54 Indonesian PMO & Data 2025–2026
■ Master of Business
Management
Administration,
Prasetiya Mulya
University, Tangerang
(1996)
Table 88 | Schedule and Attendance of the IT Steering Committee Meetings
Tan Rudy Kharim I. G. David
Tanggal Sudjono Sutadi Goklas Iwan
Eddywidjaja Siregar Thamin
4 June 2025
9
December
2025
Total
Attendance
2 2 2 2 2 2 2
of Each
Member
Attendance
Percentage
100% 100% 100% 100% 100% 100% 100%
of Each
Member
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Highlights and Analysis
BOD Committees Performance Evaluation
The BOD evaluates the performance of each of the committees based on a set of criteria, including the Company’s
performance and achievements in the aspects of concern for each respective committee against the targets that have
been set at the beginning of each year.
Based on these criteria, the BOD concluded that its three committees carried out their respective duties and
responsibilities in 2025, creating added value as expected to the conduct of the Company’s business.
BOC AND BOD REMUNERATION
POLICY ON DETERMINING BOC REMUNERATION
The Company’s remuneration policy is based on Article 113 of the Limited Liability Company Law and Article 17
Paragraph 10 of the Company’s articles of association.
The BOC’s and the BOD’s remunerations are recommended by the Nomination and Remuneration Committee,
based on a formula referred to in the Company’s internal policies, prevailing regulations, and taking into account the
Company’s performance.
The Nomination and Remuneration Committee’s recommendation is submitted to the BOC and delivered in the GMS.
The mechanism for determining the remuneration for the BOC is as follows:
1. The BOD, taking into account the Company’s financial condition, prepares a proposal for the amount of
remuneration for the BOC to the Nomination and Remuneration Committee;
2. The Nomination and Remuneration Committee examines the remuneration proposal from the BOD and the
market conditions for the relevant industry and business of a comparable size; and
3. Taking into account the business performance of the Company and its members’ contributions, the Nomination
and Remuneration Committee will make recommendations to the BOC to obtain their approval, in accordance
with the authority granted by the GMS, approves the amount of remuneration, and determines the distribution of
remuneration among the BOC members. The total remuneration for the BOC and the BOD will be reported to the
Shareholders in the Annual Report of the Company.
BOC’s Remuneration Structure and Amount
The structure of remuneration for all BOC members of the Company for 2025 consists of:
■ Honorarium;
■ Allowances; and
■ Performance bonus.
The AGMS on 8 May 2025 determined that the total amount of the remuneration of the BOC was Rp258.5 million per
month after tax for 2025, and determined to give performance bonus (tantieme) for 2024 amounting to Rp1.6 billion.
The total salary and allowances for all BOC members for 2025 thus amounted to Rp6.0 billion.
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Table 89 | Classification of BOC and BOD Remuneration in 2025
BOC BOD
Type of Remuneration
Number of Remuneration Number of Remuneration
Members (Rp) Members (Rp)
Honorarium and tantieme 5 5,387,915,000 5 19,968,500,000
Allowances 5 612,858,302 5 2,863,904,191
Total 5 6,000,773,302 5 22,832,404,191
Number of
Amount of Remuneration per Person in One Year Number of Directors
Commissioners
Above Rp2 billion 1 5
Between Rp1 billion-Rp2 billion 2 0
Between Rp500 million-Rp1 billion 1 0
Below Rp500 million 1 0
POLICY ON DETERMINING BOD REMUNERATION
In accordance with the Company’s articles of association, salaries and other benefits for the BOD members are
determined by the BOC, who is authorized by the AGMS. Remuneration of the BOD is determined by the BOC Meeting
annually.
The AGMS approved to give power and authority to the BOC to determine the duties and responsibilities of each BOD
member and determine the BOD members’ remuneration.
The mechanism for determining the remuneration for BOD is as follows.
■ The BOD, by taking into account the Company’s financial condition, develops a proposal of remuneration amount
for the BOD to the Nomination and Remuneration Committee;
■ The Nomination and Remuneration Committee examines the proposed remuneration for the BOD based on the
duties and responsibilities of each Director, the Company’s financial condition, and comparisons with relevant
industries and businesses of a comparable size; and
■ The Nomination and Remuneration Committee shall make recommendations to the BOC Meeting for approval,
and then be brought to the GMS.
BOD Remuneration Structure and Amount
The BOD’s remuneration structure consists of:
■ Salaries,
■ Benefits,
■ Facilities, and
■ Performance bonus.
Total remuneration for the BOD in 2025 amounted to Rp22.8 billion.
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BOC AND BOD PERFORMANCE
ASSESSMENT
BOC PERFORMANCE ASSESSMENT
General Policy BOC Performance Assessment Criteria
The criteria for the BOC’s performance assessment at
Generally, the performance of the BOC is assessed against least contains the following:
the duties stipulated in the prevailing regulations and 1. Level of achievement of quorum in any of the BOC
the articles of association of the Company as well as the meetings, coordination meetings, and committee
mandate of the shareholders. The overall results of the meetings;
BOC’s performance assessment will be an inseparable 2. The Company’s contribution in the regulatory process;
part of the compensation and incentive schemes for the 3. Involvement in specific assignments;
BOC members. 4. Commitment in advancing the interests of the
Company; and
5. Compliance with the applicable regulations, the
articles of association, the GMS provisions, as well as
Company policies.
BOD PERFORMANCE ASSESSMENT
General Policy BOD Performance Assessment Criteria
Performance of the BOD and its individual members is The criteria for the BOD’s performance assessment
evaluated by the BOC. Generally, the BOD’s performance are found in the KPIs. The collective and individual
is determined based on the duties listed in the prevailing performance criteria for Directors are based on the
regulations and the articles of association of the proposal of the Nomination and Remuneration
Company. Committee or other committees that carry out the
nomination and remuneration function, then are
The results of the overall performance assessment of the proposed by the BOC to shareholders for approval. The
BOD and the performance of its each individual member BOD’s KPIs include at least, among others:
are based on two scoring standards, i.e., collective 1. Contribution to the Company’s business activities;
assessment based on of the achievement of budget 2. Involvement in specific assignments;
enterprises, and individual assessments based on the 3. Commitment to advancing the interests of the
KPIs of each Director, and as part of an integral part of Company;
the compensation scheme and provision of incentives for 4. Compliance with the prevailing regulations, and
the BOD members. Company policies;
5. Achievement of targets set out in the Company’s
Results of the performance assessment of individual BOD Annual Work Plan and Management Contract; and
members are among the basic considerations, especially 6. Achievement of individual performance against the
for the shareholders, to discharge and/or reappoint BOD determined targets.
members. These results serve as a means for assessing as
well as improving BOD effectiveness. Details of the BOD performance assessment are
contained in the BOC Report in the Reports to
Stakeholders chapter, pages 33–35.
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MEETINGS OF THE BOC, BOD, AND
JOINT MEETINGS OF THE BOC AND THE
BOD
BOC MEETINGS AND BOC–BOD JOINT MEETINGS
BOC Meeting Policy
The BOC is required to hold a meeting at least once every two months if attended by a majority or two thirds of the
BOC members.
The BOC also holds joint meetings regularly with the BOD. A BOC Meeting may be held after the joint meeting,
if considered necessary by one member of the BOC by written request of one or more members of the BOD or if
requested by one or more shareholders who together own one tenth of the total shares issued by the Company with
valid voting rights.
BOC Meeting decisions are made based on a joint decision, and if the decision is not reached by consensus, then
decisions will be made by way of voting by more than half of the BOC members present in the meeting. Each member
of the BOC who has a conflict of interest in decisions to be made shall not vote on any decision related to it.
The BOC also can make valid and binding decisions without convening an authorized BOC Meeting, provided that all
the BOC members have approved the proposal and signed the relevant documents. Decisions made in this way have
the same power as decisions made legitimately in the official BOC Meetings.
Minutes of BOC Meeting
In each BOC Meeting, minutes of meeting shall contain of matters discussed, including the dissenting opinion from
BOC members (if any) and the decisions reached.
The minutes of meetings are signed by the Chairman of the Meeting and BOC members present at the meeting.
Implementation of BOC Meetings and BOC–BOD Joint Meetings
In 2025, the BOC held 22 meetings, consisting of:
1. 11 BOC Meetings; and
2. 11 BOC–BOD Joint Meetings
In carrying out the functions of monitoring and providing advice to the BOD, the BOC hold joint meetings together
with the BOD to discuss the implementation of decisions made in the previous meeting, financial performance, risk
management, and other matters that may affect the financial performance and operations of the Company.
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Table 90 | Schedule and Attendance of BOC Meetings
Saurabh
Francis Lay Kusmayanto Johanes Alfonso Sunata
Date Narayan
Sioe Ho Kadiman Sutrisno Napitupulu Tjiterosampurno*
Agarwal
22 January 2025
19 February 2025
26 March 2025
17 April 2025
21 May 2025
18 June 2025
17 July 2025
20 August 2025
15 September 2025
16 October 2025
19 November 2025
Total Attendance
3 11 11 11 11 6
of Each Member
Attendance
Percentage of 100% 100% 100% 100% 100% 100%
Each Member
*Resigned pursuant to EGMS resolution on 15 September 2025
Table 91 | Schedule and Attendance of the BOC in BOC-BOD Joint Meetings
Saurabh
Francis Lay Kusmayanto Johanes Alfonso Sunata
Date Narayan
Sioe Ho Kadiman Sutrisno Napitupulu Tjiterosampurno*
Agarwal
22 January 2025
19 February 2025
26 March 2025
17 April 2025
21 May 2025
18 June 2025
17 July 2025
20 August 2025
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Saurabh
Francis Lay Kusmayanto Johanes Alfonso Sunata
Date Narayan
Sioe Ho Kadiman Sutrisno Napitupulu Tjiterosampurno*
Agarwal
15 September 2025
16 October 2025
19 November 2025
Total Attendance
3 11 11 11 11 6
of Each Member
Attendance
Percentage of 100% 100% 100% 100% 100% 100%
Each Member
*Resigned pursuant to EGMS resolution on 15 September 2025
BOD MEETINGS
BOD Meeting Policy
The BOD is required to hold a meeting at least one time every month. The BOD is also required to conduct joint
meetings with the BOC periodically at least one time every four months.
BOD Meeting is conducted at the Company’s location or place of business of the Company. BOD Meetings may also
be carried out online, whereby the BOD members participating in the meeting can communicate and participate
thereby being considered a present in the meeting.
BOD Meetings are chaired by the President Director. In the event that the President Director is absent or unavailable
for any reason, which is not required to be proven to the other members, the BOD Meeting will be chaired by a BOD
member selected by and among the BOD members in attendance.
The BOD members may be represented in the BOD Meeting only by another BOD member based on a power of
attorney. In the case that the party granting the authority does not give special powers, then granted power is deemed
absolute. BOD Meetings are valid and may adopt binding resolutions if more than half of the total BOD members are
present or represented at the meeting.
BOD Meetings shall be attended by the BOD members, and if required, officials from one level below the BOD or other
officials assigned by the President Director.
Minutes of BOD Meeting
Minutes of BOD Meeting shall be recorded for each BOD Meeting and on the minutes of meeting shall be disclosed
any dissenting opinions with the BOD Meeting decisions (if any). Minutes of BOD Meeting shall be recorded and
documented by the Corporate Secretary, including the filing and distribution to the meeting participants. Each BOD
member is entitled to receive a copy of the minutes of BOD Meetings, regardless of whether they were present or not
at the meetings.
Implementation of BOD Meetings
In 2025, the BOD conducted 23 meetings, comprising:
1. 12 BOD Meetings; and
2. 11 BOC–BOD Joint Meetings.
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Table 92 | Schedule and Attendance of BOD Meetings
Tan Rudy Francis Lay Sioe
Date Sutadi Sudjono Goklas Iwan
Eddywidjaja Ho*
22 January 2025
19 February 2025
26 March 2025
17 April 2025
21 May 2025
18 June 2025
17 July 2025
20 August 2025
15 September 2025
16 October 2025
19 November 2025
19 December 2025
Total Attendance
12 12 12 8 8 1
of Each Member
Attendance
Percentage of 100% 100% 100% 100% 100% 100%
Each Member
* Resigned pursuant to EGMS resolution on 30 January 2025
The BOD has complied with meeting attendance requirements in Article 28 Paragraph 2 of POJK 48/2024, in which
the BOD shall attend the BOD Meetings at least 50% of the time within one-year period.
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Attendance of BOD Members at the BOC–BOD Joint Meetings
The BOD on a regular basis conducts joint meetings with the BOC. In 2025, the BOC–BOD Joint Meetings were held
11 times.
Table 93 | Schedule and Attendance of the BOD in BOC-BOD Joint Meetings
Tan Rudy Francis Lay Sioe
Date Sutadi Sudjono Goklas Iwan
Eddywidjaja Ho*
22 January 2025
19 February 2025
26 March 2025
17 April 2025
21 May 2025
18 June 2025
17 July 2025
20 August 2025
15 September 2025
16 October 2025
19 November 2025
Total Attendance
11 11 11 7 7 1
of Each Member
Attendance
Percentage of 100% 100% 100% 100% 100% 100%
Each Member
* Resigned pursuant to EGMS resolution on 30 January 2025
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Highlights and Analysis
AUDIT COMMITTEE
LEGAL BASIS AND MAIN TASKS
The Audit Committee was established in accordance with OJK Regulation No. 55/POJK.04/2015 on the Guidance on
Establishment and Work Implementation of Audit Committee (POJK 55/2015). The duties of the Audit Committee are
to assist the BOC in carrying out management oversight functions in accordance with the articles of association and
GCG principles, provide advice and assistance to the BOC in identifying matters that require the latter’s attention, and
execute other duties related to the duties of the BOC or as assigned by the BOC.
AUDIT COMMITTEE CHARTER
The Audit Committee carries out its duties and responsibilities pursuant to the guidelines summarized in Audit
Committee Charter. The Audit Committee Charter was established pursuant to the requirements of POJK 55/2015 and
as set out in the Company’s BOC Decree No. SK/BOC/VII/2011-15 dated 15 September 2011, with the revision set out in
the BOC Decree No. SK/BOC/IX/2025-0179 dated 15 September 2025.
The Audit Committee Charter regulates the Audit Committee’s work processes and procedures as follows::
1. In relation to the Company’s internal control system, the Audit Committee conducts regular meetings to discuss
the planning of activities and the scope of internal audits for the subsequent period, as well as evaluates previous
audit results;
2. In relation to the review of risks associated with the Company’s business, the Audit Committee holds discussions
with the Risk Oversight Committee on risk management activities the Company has performed;
3. The Audit Committee submits an annual accountability report on its performance to the BOC prior to the
submission of the BOC Report on its duties and responsibilities to be published in the Company’s Annual Report.
The BOC shall accordingly evaluate the Audit Committee annually; and
4. The Audit Committee collaborates with the Corporate Secretary for the administration of Audit Committee’s
documents and the execution of Audit Committee’s meetings.
5. The Audit Committee performs monitoring and evaluation of the planning and execution of audits, as well as the
monitoring of follow-ups on audit results to assess the adequacy of internal controls, including the adequacy of
financial reporting processes, conducted at a minimum toward:
■ Performance of the internal audit unit’s duties;
■ Alignment of audits performed by external auditors with professional auditing standards;
■ Compliance of financial statements with financial accounting standards; and
■ Implementation of follow-up actions by the BOD regarding findings from the internal audit unit, external
auditors, OJK oversight, and/or oversight results from other authorities and agencies, in order to provide
recommendations to the BOC.
6. The Audit Committee performs the roles, duties, and responsibilities carried out in accordance with the OJK
Regulations on the use of public accountants and public accounting firms in financial services activities.
The Audit Committee Charter is available on the Company website at
https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/Committee-Manual.
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MEMBERSHIP REQUIREMENTS
The Audit Committee shall consist of at least three members from Independent Commissioners and external parties.
The Audit Committee consisted of 3 members, i.e., 1 Independent Commissioner as Chairman and 2 members from
external parties. The Audit Committee is responsible to the BOC.
The membership requirements for the Company’s Audit Committee are as follows:
1. Possess a strong integrity and excellent capability, knowledge, and experience in their respective fields, as well as
good communication skills;
2. Able to comprehend financial statements, the Company’s businesses particularly those related to the Company’s
services or activities, audit process, risk management, and laws and regulations in the capital market as well as
other related laws and regulations;
3. Able to comply with the Audit Committee’s code of conduct as determined by the Company;
4. Willing to continuously enhance their competence through education and training;
5. Must have at least one member with educational background and expertise in accounting and/or finance;
6. Is not a person who is employed in a Public Accounting Firm, Law Consultant, Public Appraiser, or other parties
providing assurance services, non-assurance services, appraisal services, and/or other consultative services to the
Company within the last six months;
7. Is not a person who has worked or had the authority and responsibilities to plan, direct, control, or supervise the
Company’s activities within the last six months, except as the Independent Commissioner;
8. Does not own any shares in the Company, whether directly or indirectly;
9. In the event that a member of the Audit Committee receives the Company shares due to a legal event, whether
directly or indirectly, the shares shall be transferred to another party within six months after the acquisition of such
shares;
10. Does not have any affiliation with any member of the BOC, the BOD, or the controlling shareholders of the
Company; and
11. Does not have any business relations associated with the Company activities, whether directly or indirectly
The BOD or the Chairman of the Audit Committee may propose candidates who are not BOC members as Audit
Committee members. The Nomination and Remuneration Committee shall subsequently conduct an interview and
examine the qualifications and competence of the candidates. After the evaluation is completed, the Nomination
and Remuneration Committee shall submit a recommendation to the BOC regarding the appointment of the
Audit Committee members. Once the recommendation is approved, the BOC shall instruct the BOD to issue the
appointment letter for the approved candidatesi.
AUDIT COMMITTEE COMPOSITION
The composition of the Audit Committee as at 31 December 2025 was as follows::
■ Chairman: Johanes Sutrisno (Independent Commissioner)
■ Members:
‐ Friso Palilingan
‐ Edy Sugito
The complete profile of each member of the Audit Committee is presented in the Company Profile chapter, pages
79–81.
Members of the Audit Committee serve a term no longer than that of the BOC, as stipulated in the articles of association.
They may be reappointed for only one subsequent term.
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AUDIT COMMITTEE INDEPENDENCE
Members of the Audit Committee are professional individuals with no business relations to the Company, whether
directly or indirectly, in order to maintain their independence in the execution of their duties and responsibilities.
Therefore, all members of the Audit Committee have met the required independence, skill, experience, and integrity
criteria, pursuant to the applicable laws and regulations.
Table 94 | Independence of the Audit Committee
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Johanes Sutrisno
Friso Palilingan
Edy Sugito
AUDIT COMMITTEE’S POLICIES AND REMUNERATION
The Nomination and Remuneration Committee provides recommendations to the BOC regarding the remuneration
of each member of the Audit Committee, based on the Company’s policies and market review on the remuneration
of Audit Committee. The remuneration of the Audit Committee only consists of honorarium. Members of the Audit
Committee who hold concurrent positions as members of the BOC or senior management of the controlling
shareholders are not entitled to additional remuneration as members of the Audit Committee.
AUDIT COMMITTEE MEETINGS
The Audit Committee holds regular meetings at least once every three months. An Audit Committee meeting may
only be held if attended by more than half the number of members. The decisions of the Audit Committee shall
be reached by deliberation and consensus. Each meeting shall be recorded in minutes of meeting, including any
dissenting opinions. The minutes of the meeting shall be signed by all members of the Audit Committee who are
present in the meeting and submitted to the BOC.
In 2025, the Audit Committee held four meetings. The meetings’ results were reported to the BOC in the meetings
with the BOC.
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Tabel 95 | Schedule and Attendance of the Audit Committee Meetings
Date Johanes Sutrisno Friso Palilingan Edy Sugito
17 February 2025
15 April 2025
15 July 2025
15 October 2025
Total Attendance of Each Member 4 4 4
Attendance Percentage of Each Member 100% 100% 100%
COMPLAINT HANDLING OR REPORTING OF ALLEGED VIOLATIONS
RELATED TO FINANCIAL REPORTING
Based on the BOC’s Letter of Assignment, the Audit Committee may conduct review and investigation on any action
that is detrimental to the Company, including alleged violations related to Financial Reporting, as well as other tasks
as required by the BOC. For the review and investigation, the Audit Committee may appoint a third party to carry out
the fact-finding studies and examinations upon the approval of the BOC. All costs incurred for the appointment of the
third party shall be borne by the Company.
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RISK OVERSIGHT COMMITTEE
LEGAL BASIS AND MAIN TASKS
The Risk Oversight Committee assists the BOC in fulfilling the latter’s responsibilities to shareholders. Moreover, the
Committee is responsible for reviewing the Company’s principal risks as stated in the Company’s risk register and for
ensuring that all new or arising risks are appropriately evaluated and further actions are identified.
The Risk Oversight Committee was formerly known as the Risk Management Committee, which was established
pursuant to the BOC Decree No. Com/JS/SK/III/2003 dated 18 March 2003, as ratified by BOC Decree No. BOC/V/2020-001
dated 13 May 2020, in accordance with the provisions of POJK No. 29/POJK.05/2020 on Amendment to POJK No. 30/
POJK.05/2014 on Good Corporate Governance for Financing Institutions, both subsequently revoked and replaced
with POJK 48/2024 Articles 67 and 70.
The duties and responsibilities, procedure of supervision, and reporting of the Risk Oversight Committee are aligned
with POJK No. 28/POJK.05/2020 on the Assessment of the Soundness Level of Non-Bank Financial Services Institutions,
POJK No. 44/POJK.05/2020 on Implementation of Risk Management for Nonbank Financial Institutions, subsequently
updated with POJK 42/2024 and OJK Circular No. 7/SEOJK.05/2021 on the Risk Management Application for Finance
Companies and Sharia Finance Companies.
RISK OVERSIGHT COMMITTEE MANUAL
The Risk Oversight Committee carries out its duties and responsibilities by referring to the work guidelines outlined in
the Risk Oversight Committee Manual.
The Risk Oversight Committee Manual is published on the Company website on https://www.bfi.co.id/en/corporate/
Corporate-Good-Governance/Committee-Manual?t=2.
RISK OVERSIGHT COMMITTEE COMPOSITION
The composition of the Risk Oversight Committee as at 31 December 2025 was as follows:
■ Chairman: Johanes Sutrisno (Independent Commissioner)
■ Member: Jono Effendy
This Risk Oversight Committee composition was ratified by the BOC Decree No. BOC/SK/VI/2021-0092 dated 15 June
2021, effective from 15 June 2021.
The complete profile of each member of the Risk Oversight Committee is presented in the Company Profile chapter,
pages 82–83.
Members of the Risk Oversight Committee serve a term no longer than that of the BOC, as stipulated in the articles of
association. They may be reappointed for only one subsequent term.
RISK OVERSIGHT COMMITTEE INDEPENDENCE
Members of the Risk Oversight Committee are professional individuals with no business relations to the Company,
whether directly or indirectly, in order to maintain their independence in the execution of their duties and
responsibilities. Therefore, all members of the Committee have met the required independence, skill, experience, and
integrity criteria pursuant to the applicable laws and regulations.
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Table 96 | Independence of the Risk Oversight Committee
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Johanes Sutrisno
Jono Effendy
RISK OVERSIGHT COMMITTEE’S POLICIES AND REMUNERATION
The Nomination and Remuneration Committee provides recommendations to the BOC regarding the remuneration
of each member of the Risk Oversight Committee, based on the Company’s policies and market review on the
remuneration of Risk Oversight Committee. The remuneration of the Risk Oversight Committee only consists of
honorarium. Members of the Risk Oversight Committee who hold concurrent positions as members of the BOC or
senior management of the controlling shareholders are not entitled to additional remuneration as members of the
Risk Oversight Committee
RISK OVERSIGHT COMMITTEE MEETINGS
The Risk Oversight Committee holds regular meetings at least four times every year and reports the results to the BOC.
In 2025, the Risk Oversight Committee held five meetings. The meetings’ results were reported to the BOC in the
meetings with the BOC.
Table 97 | Schedule and Attendance of the Risk Oversight Committee Meetings
Date Johanes Sutrisno Jono Effendy
14 January 2025
5 February 2025
14 April 2025
15 July 2025
9 October 2025
Total Attendance of Each Member 5 5
Attendance Percentage of Each Member 100% 100%
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NOMINATION AND REMUNERATION
COMMITTEE
LEGAL BASIS AND MAIN TASKS
The Nomination and Remuneration Committee was established in the Company pursuant to the BOC Decree No.
Com/JS/SK/XII/2005-007 dated 29 December 2005.
The Nomination and Remuneration Committee is responsible to the BOC to assist the functions and duties of the BOC
in relation to the nomination and remuneration of the members of the BOD, BOC, and other Committees under the
BOC.
Since 2015, the main tasks of the Nomination and Remuneration Committee have been performed in adherence to
POJK No. 34/POJK.04/2014 on the Nomination and Remuneration Committee of Issuers or Public Companies (POJK
34/2014).
NOMINATION AND REMUNERATION COMMITTEE MANUAL
On 1 December 2015, BFI Finance published the Nomination and Remuneration Committee Guideline, which is
aligned with POJK 34/2014 and the Company’s articles of association, to serve as a guideline for the Committee in
carrying out its duties and responsibilities. The Committee Guideline was published pursuant to the BOC Decree No.
BOC/I/2015-05, then last renewed and ratified by SK/BOC/IX/2025-0180 dated 15 September 2025.
The Nomination and Remuneration Committee Guideline stipulates the duties and responsibilities, authorities,
composition, structure and membership requirements, processes, and procedures for implementing tasks, meetings,
as well as term of office of the members of the Nomination and Remuneration Committee.
This manual is published on the Company website on
https://www.bfi.co.id/en/corporate/Corporate-Good-Governance/Committee-Manual?t=1.
NOMINATION AND REMUNERATION COMMITTEE’S WORK
PROCESSES AND PROCEDURES
In performing the nomination function as referred to in point 2(b) of the Nomination and Remuneration Committee
Guideline, the Committee shall perform the following procedures:
■ Compile the composition and nomination processes for members of the BOD and/or the BOC;
■ Develop the required policies and criteria in the nomination processes of candidates for the members of the BOD
and/or the BOC;
■ Assist the performance evaluation of members of the BOD and/or the BOC;
■ Prepare capacity-building programs for the members of the BOD and/or the BOC; and
■ Examine and propose qualified candidates as members of the BOD and/or the BOC to the BOC to be submitted
to the GMS.
In performing the remuneration function as referred to in point 2(a) of the Nomination and Remuneration Committee
Guideline, the Committee shall perform the following procedures::
■ Establish remuneration structure for members of the BOD and/or the BOC;
■ Develop remuneration policy for members of the BOD and/or the BOC; and
■ Establish remuneration amount for members of the BOD and/or the BOC.
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The Nomination and Remuneration Committee in carrying out its duties and responsibilities related to remuneration
policy shall ensure that the remuneration policy is in accordance with:
■ The applicable remuneration in the industry;
■ Duties, responsibilities, and authority of members of the BOD and/or the BOC in relation to the performance and
achievement of the Company’s goals;
■ Performance targets or performance of each member of the BOD and/or the BOC; and
■ Balance between the fixed component and the variable component of remuneration.
The structure, policies, and amount of remuneration shall be evaluated by the Nomination and Remuneration
Committee at least once a year.
NOMINATION AND REMUNERATION COMMITTEE COMPOSITION
As at 31 December 2025, the composition of the Nomination and Remuneration Committee was as follows:
■ Chairman: Alfonso Napitupulu (Independent Commissioner)
■ Members:
‐ Francis Lay Sioe Ho (President Commissioner)
‐ Luki Sri Herlambang (Head of Compensation, Benefits & Rewards)
The composition of the Nomination and Remuneration Committee was approved by the BOC Decree No. BOC/IV/2021-
0049 dated 1 April 2021, reaffirmed through the BOC Decree No. BOC/VI/2024-0116 dated 21 June 2024 for the 2024–
2026 period, and then through the BOC Decree No. BOC/IX/2025-0188 dated 18 September 2025, which appointed
Francis Lay Sioe Ho as a member.
The complete profile of each member of the Nomination and Remuneration Committee is presented in the Company
Profile chapter, pages 84–85.
Members of the Nomination and Remuneration Committee serve a term no longer than that of the BOC, as stipulated
in the articles of association. They may be reappointed for only one subsequent term.
NOMINATION AND REMUNERATION COMMITTEE INDEPENDENCE
The Nomination and Remuneration Committee shall be independent in performing its duties, and is responsible to
the BOC.
Table 98 | Independence of the Nomination and Remuneration Committee
Financial Relationship with Family Relationship with
Controlling Controlling
Name Commissioners Directors Commissioners Directors
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Alfonso
Napitupulu
Francis Lay Sioe
Ho
Luki Sri
Herlambang
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NOMINATION AND REMUNERATION COMMITTEE’S POLICIES AND
REMUNERATION
Each member of the Nomination and Remuneration Committee is prohibited from gaining personal advantage,
directly or indirectly, from BFI Finance’s business activities, other than their legitimate salary. Members of the BOC
that also serve as Chair or members of the Nomination and Remuneration Committee are not given any additional
salary on top of their salary as members of the BOC.
NOMINATION AND REMUNERATION COMMITTEE MEETINGS
The meetings of the Nomination and Remuneration Committee shall be held regularly, at least once in every four
months. Meetings can only be held if attended by the majority of the Nomination and Remuneration Committee
members, and if one of the attended members is the Committee Chair.
The decisions of the Nomination and Remuneration Committee meetings shall be reached by deliberation and
consensus. Should the deliberation fail to reach a consensus, decisions shall be made based on majority vote. If there
is no majority vote, decisions shall be made through a mechanism stipulated in the Nomination and Remuneration
Committee Guideline. In the event of disagreement, the difference of opinion and its reasons shall be recorded in the
minutes of meeting.
Results of the Nomination and Remuneration Committee meetings shall be recorded and documented in minutes of
meetings, which subsequently shall be submitted in writing to the BOC.
In 2025, the Nomination and Remuneration Committee held three meetings. The meetings’ results were reported to
the BOC in the meetings with the BOC.
Table 99 | Schedule and Attendance of the Nomination and Remuneration Committee Meetings
Alfonso Sunata Francis Lay Luki Sri
Agenda Date
Napitupulu Tjiterosampurno* Sioe Ho Herlambang
5 February 2025
15 July 2025
9 October 2025
Nomination
Total Attendance of
3 2 1 3
Each Member
Attendance
Percentage of Each 100% 100% 100% 100%
Member
5 February 2025
15 July 2025
9 October 2025
Remuneration
Total Attendance of
3 2 1 3
Each Member
Attendance
Percentage of Each 100% 100% 100% 100%
Member
*Sunata Tjiterosampurno was succeeded by Francis Lay Sioe Ho pursuant to the BOC Decree No. BOC/SK/IX/2025-0188 dated 18 September 2025
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ACCESS TO INFORMATION AND
COMMUNICATION
ACCESS TO COMPANY INFORMATION AND DATA
The Company ensures the presence of a clear and effective mechanism for the dissemination of information to all
stakeholders, as part of the implementation of transparency and information disclosure principles.
The Company’s information dissemination covers internal and external channels. They are tailored to the stakeholders’
needs and the type of information they require. The Company disseminates information to various stakeholders in
order to spread knowledge, understanding, and foster positive perceptions among stakeholders about the Company’s
policies and activities.
Access to the Company’s information and data is available to all stakeholders and investors through the website
bfi.co.id, which contains various information about the Company’s profile, products and services, performance reports,
financial statements, and more.
Other information dissemination channels managed by the Company include:
1. Customer Care Hotline: 1500018 (one-stop solution) For other information not available through the channels
2. Customer Care Email: customercare@bfi.co.id above, stakeholders can contact BFI Finance’s Head
3. Customer Care WhatsApp: 08821 1500018 Office at the following address:
4. Customer Care Live Chat: bfi.co.id website
5. Mobile Application: BFI Mobile PT BFI Finance Indonesia Tbk
6. Company’s official social media accounts: attn. Corporate Communication (CorComm) Unit
■ Facebook: BFI Finance BFI Tower
■ X: @BFIFinance Sunburst CBD Lot 1.2
■ Instagram: @bfifinance Jl. Kapt. Soebijanto Djojohadikusumo
■ LinkedIn: PT BFI Finance Indonesia Tbk BSD City, Tangerang Selatan 15322
■ YouTube: BFI Finance Official Indonesia
■ TikTok: @bfifinanceofficiall Phone: (62-21) 2965 0300, 2965 0500
Email: corporate.communication@bfi.co.id
Website: bfi.co.id
CORPORATE COMMUNICATION
The Corporate Communication Unit is responsible for delivering comprehensive information, the latest news, and
messages on behalf of the Company, while establishing effective coordination internally and externally to maintain
and enhance the Company’s reputation among stakeholders.
Operating under the Corporate Secretary & Compliance Department, the Corporate Communication unit manages
various communication activities and oversees all internal and external communication functions, ensuring stakeholder
satisfaction—including shareholders and the Government—through the provision of Company information and data.
The Company’s communication with stakeholders is carried out in three ways:
■ External Communication (Public);
■ Internal Communication; and
■ Corporate Branding.
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External Communication (Public)
The Company communicates with external stakeholders by managing and disseminating information through
various channels such as mass media, social media, and other third-party tools. Information about the Company’s
performance is conveyed accurately and in a timely manner.
The functions of the Company’s external communication include:
1. Developing and implementing communication strategies across all Company communication media;
2. Creating publication materials to enhance the Company’s profile and marketing activities;
3. Ensuring relevant and updated content, improving functionality, applying and expanding social media strategies
to enhance the Company profile;
4. Ensuring adherence to communication and brand guidelines and monitoring all matters related to the Company
brand;
5. Addressing and managing communication crises within the Company on all fronts;
6. Taking responsibility for the content and information in all communication channels and promotional materials,
including above-the-line, below-the-line, and through-the-line communications, both internally and externally;
7. Collaborating with other related units to ensure integrated and complementary communication functions;
8. Supporting all Company activities or events, both internal and external;
9. Partnering with communities or community empowerment groups to conduct economic activities aligned with
the Company’s vision and mission; and
10. Establishing comprehensive cooperation with regulators to foster mutually beneficial working relationships.
The Company utilizes the following external communication channels:
1. Communication via the Company Website
The Company’s website, bfi.co.id, serves as a platform for providing the latest information about the Company’s
financial performance on a periodic basis, corporate actions, and other updates about the Company, including:
■ Visitors can communicate with Customer Care staff regarding financial products, file complaints or suggestions,
and inquire about job vacancies;
■ Since 2016, the website has been featuring communication and data access functions to facilitate information
for the public, customers, potential customers, investors, potential investors, and regulators on the Company’s
performance, activities, and latest achievements;
■ Developments and updates to the Company website are conducted in accordance with POJK No. 8/
POJK.04/2015 on Websites of Issuers or Public Companies; and
■ Since 2022, BFI Finance, as a business engaged in the financial sector with the Indonesian Business Field
Standard Classification (KBLI) defining its field as Conventional Multifinance Company, has obtained a
Business Permit to Support Business Activities (PB-UMKU) No. 812021319184101510001 and Domestic Electronic
System Operator Registration Certificate (TDPSE) No. 003857.01/DJAI.PSE/07/2022 for the Company website,
bfi.co.id. The PB-UMKU and Domestic TDPSE were issued by the Electronic Certification Center on 12 July
2022, on behalf of the RI Minister of Communication and Information and Minister of Investment/Head of
the Investment Coordinating Board (BKPM). This reflects the Company’s compliance with the regulations
governing information and electronic transactions (ITE).
2. Company’s Social Network
BFI Finance actively follows the latest developments in social media to establish interactive communication
with all stakeholders. The Company maintains online communication channels through Facebook, Instagram,
X, YouTube, LinkedIn, and TikTok. These channels are jointly managed by the Corporate Communication, Social
Media Marketing, and Customer Care Units.
3. Press Release
In 2025, BFI Finance issued 43 press releases as information disclosure to the public through various media across
Indonesia.
4. Other Communication Channels
The Company manages other communication channels to facilitate interactions with customers and potential
customers (general public), such as Customer Care Hotline, email, WhatsApp, and social media, as described in the
previous section.
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Internal Communication
The Company provides employees with access to information related to various aspects of the Company’s business
and operations. This internal communication ensures employees have accurate and updated knowledge about the
Company’s condition, along with other general information relevant to the Company’s business activities. The same
transparency principle applied to external stakeholders is also implemented for internal stakeholders to enhance the
quality of interaction between management and employees.
The Company adopts a one-stop communication system for both internal and external communications. All general
information about the Company is managed by the Corporate Communication Unit.
The Company’s internal communication activities include these forms:
1. Digital Media
The Company employs digital media for internal communication to minimize paper usage, improve operational
efficiency, and conserve the environment. Digital media used include email blasts, the Company website,
employee-targeted social media, an electronic bulletin (e-bulletin), and the Service Insight Community (SIC)
internal portal—an electronic information center specifically for employees. SIC provides updated information
on business activities, employee activities, information sharing, general updates, and campaigns for healthy and
environmentally conscious living.
2. Meetings
The Company organizes meetings involving dialogue and knowledge-sharing sessions led by senior management
and external speakers for employees. These meetings cover topics related to the Company’s business activities
and personal development. They are organized by the Human Capital (HC) Department as part of employee
engagement programs, and are conducted online or offline, depending on the needs and objectives of each
program.
Corporate Branding
Corporate branding coordinates various Company activities to enhance the Company’s image among the public,
especially external stakeholders. The purpose of corporate branding is to standardize and define guidelines for all
matters related to the Company’s corporate identity and effectively communicate them to both external and internal
stakeholders.
To manage how BFI Finance’s image and representation are presented to the public and support its communication,
marketing, and promotional tools, the Company has adhered to its Corporate Brand Guidelines since 2017.
Corporate branding activities in 2025 included:
1. Ensuring that all attributes used and those carrying the Company name in national or local events at branches,
in all communication and promotional materials, were in line with the Company’s corporate identity standards;
2. Continuing the campaign for the Company tagline #SelaluAdaJalan (There is Always a Way) and its unique value
proposition (UVP), namely Fast, Easy, and Trusted, as key elements of promoting BFI Finance’s vision and mission
as a multifinance company ready to support community needs and support their self-reliance programs through
micro, small, medium, and even large scale enterprises;
3. Providing consultation and support to various Company’s work units for activities and events, including sponsorship
involvement, to align with corporate identity standards;
4. Offering consultation and assistance to support the promotion of financing products, including registering
product trademarks for business added value and legal protection;
5. Organizing media gatherings as part of media relations programs, enabling journalists to communicate directly
with Company management representatives over talks held in informal settings, to obtain the latest information
on the Company’s developments;
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6. Implementing sustainable finance programs to improve the quality of life and environment that benefited local
communities and the public at large, including:
■ Digital marketing training for customers and other business owners; and
■ ‘Pekan Raya BFI Finance #BFINgangkatUsahaLokal 2025’ MSME Festival, to elevate the capacity of business
owners, attended by customers, business communities, and the general public. The events consisted of
activities such as training and business mentoring, bazaar for various products, and entertainment;
7. Supervising promotional materials and financing product campaigns published through conventional and
digital media, to ensure compliance with Company and regulatory guidelines. Some provisions for promotional or
advertising materials included
■ Superlative claims must be supported by external survey evidence or credible external assessments, not
internal evaluations;
■ Terms and conditions in promotional materials must include specific links/QR codes directing users to a
detailed page containing complete benefits, costs, risks, terms and conditions. The inclusion can be placed on
the advertisement visual or in the visual caption;
■ Every advertisement must state “BFI Finance is licensed and supervised by the Financial Services Authority”
(and/or its Indonesian translation) in both visuals and captions;
■ Processes that bypass standard procedures or employ exaggerated language should be avoided at all times.
Examples of incorrect phrases include: ‘no need to check SLIK (Financial Information Service System)’ and ‘no
survey required’; and
■ Phased enforcement actions against unauthorized third-party websites and social media accounts operating
under the name of BFI Finance;
8. Conducting corporate communication training for internal employees, including:
■ On public communication, attended by managerial-level participants across all operational offices. This training
aimed to enhance their capacity as Company spokespersons to establish positive communication with various
stakeholder groups;
■ On social media management, attended by internal employees who acted as administrators of accounts on
behalf of the Company. This training aimed to ensure that participants complied with regulations and adhered
to ethical standards in social media usage;
9. Publishing financial education campaigns in video format on YouTube, featuring explanations from financial
experts along with real-life experiences shared by customers and beneficiaries who had successfully built their
businesses with the help of working capital financing from BFI Finance. These customers were ensured to have
excellent credit records, to serve as a paragon for other customers and the public;
10. Managing the production of printed materials such as greeting cards and Company souvenirs as a way to enhance
public awareness of the Company’s presence;
11. Campaigning fiduciary education to help consumers and the public better understand fiduciary rules in financing
agreements, the importance of responsible financial management, and timely installment payments;
12. Organizing financial literacy seminars in various regions and introducing financing products to business owners;
13. Supporting the Financial Inclusion Month (Bulan Inklusi Keuangan/BIK) Program throughout October by
participating in exhibitions such as the Multifinance Day APPI 2025 in Manado (North Sulawesi) and and the
Financial Expo (FinExpo) BIK 2025 in Surabaya (East Java), intended to improve access to financing and build closer
relationships with the public while promoting the Company’s products and services; and
14. Hosting the BFI RUN 2025 as an annual routine program in the form of healthy lifestyle campaign for customers,
business partners, communities, employees, and the general public.
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PRODUCT PROMOTION
The Company disseminates product information to raise customer interest in using the Company’s financing services,
attract new customers, maintain stable sales during challenging market conditions, differentiate its financing products
from those of competitors’, and shape customer perceptions of the Company’s products in line with the Company’s
expectations.
This function is managed by the Marketing Communication Department (encompassing strategic promotion and
event activation functions). The activities carried out to support marketing include:
1. Promoting financing products and services through participation in exhibitions for machinery and heavy
equipment financing segments, such as ALLPRINT Indonesia Expo and Surabaya Printing Expo;
2. Conducting meetings and appreciation events for business partners in various cities, including sales agents and
used car dealers;
3. Launching promotional materials for all financing products..
The department’s activities also contribute to the marketing initiatives, which have been detailed in the Marketing
section in the Management Discussion and Analysis chapter page 116–117.
CORRESPONDENCE WITH OJK AND IDX
Throughout 2025, the Company corresponded 129 times with OJK and 75 times with IDX. This function is performed by
the Corporate Regulatory Compliance Unit under the Corporate Compliance Department.
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CODE OF CONDUCT AND CORPORATE
CULTURE
CODE OF CONDUCT
BFI Finance has established and is implementing a Code of Conduct, i.e., a set of policies related to business ethics
and ethical conduct for its employees that govern all business activities, to ensure their alignment with the Company’s
vision, mission, and culture.
The Company’s Code of Conduct is developed based on the following GCG principles
■ Ethics, which is implemented by upholding integrity, professionalism, and ethical conduct across the Company’s
activities, including ensuring that members of the BOC, the BOD, and all employees perform their duties
independently, free from conflicts of interest, undue influence, or improper intervention, and in accordance with
the Company’s Code of Conduct and applicable standards of professionalism;
■ Transparency, which is implemented by ensuring openness, clarity, and measurability in every step and process of
policy formulation and decision-making by the BOC, the BOD, and all levels of the Company, as well as through the
timely and accurate disclosure of material information to stakeholders in accordance with prevailing regulations;
■ Accountability, which is implemented by clearly defining the roles, responsibilities, and authorities of the BOC,
the BOD, and all levels of the Company within the organizational structure, supported by well-established job
descriptions, internal controls, and performance evaluation mechanisms
■ Sustainability, which is implemented by aligning the management and operations of the Company with
applicable laws and regulations, sound business principles, and long-term value creation objectives, including
responsible consideration of economic, social, and environmental impacts, as well as by upholding fairness and
equality in fulfilling the rights of stakeholders in accordance with contractual commitments and prevailing laws
and regulations.
Code of Conduct Contents
The Company’s Code of Conduct consists of business ethics and ethical conduct, which form the foundation for the
Company principles.
The business ethics part describes how the Company, as a business entity, should behave, conduct, and act in an effort
to balance the interests of the Company and the interests of all stakeholders, in accordance with GCG principles and
the Corporate Values while still maintaining the Company’s profitability.
Ethical Conduct is a set of value-based rules which reflects the attitude and commitment in complying with the rules
of conduct in order to maintain good name, confidentiality, and other important matters that affect the Company’s
reputation.
The Company’s Code of Conduct contains Corporate Values that are concretized in the following behaviors:
1. Grow and Improve Continuously
2. Respect and Care
3. Excellent Service
4. Absolute Integrity
5. Trust and Team Spirit
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The essence of the Company’s Code of Conduct is further reflected in the Code of Business Principles applicable in BFI
Finance, as follows:
Corporate Responsibilities
In the Code of Business Principles, BFI Finance acknowledges five corporate responsibilities, which reflect its
commitment to stakeholders, as follows:
1. To the Shareholders
■ BFI Finance conducts its business with an aim to improve shareholders’ values based on GCG principles;
■ BFI Finance intends to give optimum results and return on investment to shareholders, while still retaining
adequate fund to support the Company’s growth;
■ BFI Finance values good relationships with its shareholders by providing timely, regular, and reliable information
on the activities, financial status, and business outcomes of the Company.
2. To the Customers
BFI Finance is committed to attracting and retaining customers by providing value-added financial products and
services which are cost-effective and beneficial for the customers.
3. To the Employees
■ BFI Finance values its employees as an important resource and is committed to continuously developing them;
■ BFI Finance shall recruit, employ, train, and promote employees based on their qualifications and capabilities;
■ BFI Finance is responsible for creating a healthy workplace and ensuring the safety of its employees.
4. To All Stakeholders
BFI Finance always fosters mutually beneficial relationships with its creditors, business partners, and other
stakeholders, and encourage these principles in its daily activities.
5. To the Communities
As a member of the community, BFI Finance always conducts its business responsibly, by complying with the
applicable laws and regulations, and by ensuring that the Company’s activities do not violate any human rights.
The Company’s community participation, in the form of donation, training, and other social activities, is intended
to improve the quality of life of the surrounding communities and to directly impact on the beneficiaries.
Business Integrity
BFI Finance and all of its branches uphold honesty, integrity, and fairness as the foundational principles in all business
aspects of the Company, and expect the same from any parties dealing business with BFI Finance. All business
transactions on the Company’s behalf are recorded accurately in accordance with the standard operating procedures
and are subject to audit process. All employees are expected to prioritize Company interest above their personal
interests when conducting business duties.
Company Asset Utilization and Protection
BFI Finance emphasizes that each employee is responsible for using the Company’s assets and resources in a fair
and responsible manner, including for their protection and preservation. All assets and resources, as well as any
opportunities that arise on the basis of one’s position, shall be used solely for the achievement of the Company’s
objectives and not for personal gain. BFI Finance employees are prohibited from abusing their position for their own
or other parties’ personal gain.
Information Disclosure
BFI Finance considers information on business strategies as its crucial assets, which shall be protected from theft,
violation, abuse, and inappropriate exposure. This emphasizes the importance of maintaining the secrecy of business
information and prohibiting unauthorized disclosure, reflecting the Company’s commitment to information integrity
and security.
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Insider Trading
BFI Finance enforces strict regulations against insider-trading on all employees. This means that non-public information
that may affect BFI Finance’s share price shall be considered as confidential until the announcement thereof by a
competent party (management). Employees with sensitive information that may affect the BFI Finance’s share price
and related rights shall not engage in direct or indirect transactions of those shares and other related rights. The BOC,
BOD, and all employees are committed to continuously implementing the Company’s Integrity Pact to the best of
their abilities along with the implementation of strategic policies to achieve sustainable growth.
Implementation and Enforcement of the Code of Conduct
The Company’s Code of Conduct shall be applied to all employees, including all members of the BOC, all Committees
under the BOC, the Sharia Supervisory Board, as well as the BOD, all Committees under the BOD, and the management.
The Company’s Code of Conduct shall be disseminated to and understood by all employees, with the management
shall set an example to their subordinates on the implementation of the Code of Conduct.
Code of Conduct dissemination measures in 2025 were carried out in conjunction with the dissemination of the
Company’s Core Values and ethical conduct for employees. The Human Capital Department disseminated the Code
of Conduct through e-mail blast to all employees.
BFI Finance’s management maintains an Integrity Pact containing the Company’s commitment to implementing
GCG principles. The BOC, BOD, and all employees are committed to continuously applying the Company’s Integrity
Pact to the best of their ability.
The Integrity Pact of BFI Finance regulates the Guidelines on Business Principles. the BOC, BOD, and all employees,
regardless of their positions, shall comply with the ethics embedded in the Company’s Core Values to the highest
degree. The management and employees of the Company must understand and abide by the core values, which are
crucial in maintaining the Company’s sustainable growth.
Handling of the Violations to the Code of Conduct
BFI Finance monitors the enforcement of the Company’s Code of Conduct and provides facilities to submit grievances
related to related violations. Employees who are found guilty of infringement shall be investigated by the Employee
Disciplinary Violations Investigation Team, consisting of representatives from the Internal Audit and Human Capital
Department, and shall be subject to sanctions commensurate to the type and level of violation, in accordance with the
applicable provisions in the Company. This articulates BFI Finance’s commitment to the enforcement of ethics and
integrity across all levels of the organization.
CORPORATE CULTURE
The Company has established core values that should be understood and adhered to as corporate culture. The core
values of the Company, which can be abbreviated as G.R.E.A.T. are:
1. Grow and Improve Continuously;
2. Respect and Care;
3. Excellent Service;
4. Absolute Integrity; and
5. Trust and Team Spirit.
G.R.E.A.T. is further detailed in the Corporate Values and Corporate Culture section in the Company Profile chapter,
pages 52.
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ANTI-CORRUPTION POLICY
BFI Finance obliges all members of the BOC, the BOD, and all employees to uphold fair business competition,
sportsmanship and professionalism, as well as the principles of GCG.
The Company is committed to creating a healthy business climate, avoiding any actions, behaviors, or activities that
could lead to conflicts of interest, corruption, collusion, and nepotism, and always putting the interest of the Company
above personal interest, family interest, or group interest.
A complete information on the Anti-Corruption Policy is available at https://www.bfi.co.id/en/corporate/Corporate-
Good-Governance/Anti-Corruption-System.
This Anti-Corruption Policy was disseminated during 2025 through:
1. Anti-fraud campaigns involving all employees as a means of socializing anti-corruption policies and other provisions
that support the implementation of corporate integrity in the Company;
2. Company Regulation campaigns detailing internal rules of conduct and discipline, delivered through various
internal communication channels, including email blasts, internal chatbots, and Company digital learning platform
(M–BEAT application);
3. Placement of standing banners containing anti-fraud messages and whistleblowing system reporting procedures
across all branch offices; and
4. Establishment of guidelines and socialization of the fraudster reporting system in accordance with OJK regulations,
utilizing the SIPELAKU (Fraudster Information System) reporting system as an effort to monitor and identify risks
related to fraud, bribery, gratuities, and other violations.
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PROCUREMENT POLICY
PRINCIPLE AND POLICY
The Company has procedures for the procurement of goods and services that are carried out quickly and transparently,
by applying the principles of GCG without conflict of interest. In line with business dynamics, technological
developments, and increasing stakeholder expectations, the Company continuously improved its procurement
policies and processes to made them more adaptive, integrated, and provide added value to the Company.
The policy governing the Company’s procurement of goods and services as well as supplier relations encompasses:
1. Implementation of Internal Memos and Operating Procedures for procurement of goods and services, in
accordance with needs planning based on budget and business priorities;
2. Procurement of goods and services based on transaction value and level of authority, particularly at branch offices
to expedite the fulfillment process, while procurement above a certain threshold is conducted centrally at the
Head Office;
3. Requirement for major suppliers of both goods and services to submit complete legal documentation to ensure
that the rights and obligations of both the Company and the suppliers are executed in accordance with the
governing documents;
4. Risk Management and Compliance oversight to ensure the identification and mitigation of procurement risks,
including legal, operational, and reputational risks, as well as adherence to internal policies and external regulations;
5. Company Code of Ethics and Regulations, which prohibit Company employees from accepting promises or gifts
in any form from suppliers; and
6. Periodic performance evaluations of suppliers considering quality, timeliness, compliance, and commitment
to business ethics, the results of which serve as the basis for decisions on ongoing cooperation and continuous
improvement of procurement quality.
PROCUREMENT SYSTEM
The Company consistently runs its goods and services procurement process and system through the stages of
planning, preparation, selection of vendors, goods and services procurement transaction, utilization, and management
of Company assets.
This goods and services procurement system is run by the Company transparently and competitively, by including
prospective vendors who satisfy the requirements in line with the Company’s criteria and needs. In the goods and
services procurement process, the Company also employs other methods, such as auction, direct appointment, and
direct purchase, performed both conventionally and online, in order to ensure that the quantity and quality of goods
and services procured by the Company are as required, obtained at the most competitive prices, and of the best
possible quality.
The control and monitoring of goods and services procurement to fulfil needs at the head office and the branches,
starting from the purchasing to asset maintenance, are conducted through an integrated system. This allows users
(parties who require the goods or services), namely branches and the head office, to monitor the process. The Company
continuously develops the system to support the ongoing improvement of its business processes.
COMMITMENT TO CONTINUOUS IMPROVEMENT
The Company is committed to regularly reviewing and updating its procurement policies to adapt to regulatory
changes, market dynamics, and business needs. The Company encourages the use of technology to improve the
efficiency of the procurement process, including through the development of an e-Procurement system.
With this policy, the Company strives to create a fair, efficient, and sustainable procurement ecosystem, to support the
achievement of the Company’s strategic objectives.
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FIXED ASSETS INSURANCE
The Company mitigates risk to protect and minimize the risk of damage or loss of Company fixed assets. The Company
insures its fixed assets with the following coverage:
1. Property All Risk Policy with a rider to cover risk of earthquake to protect immovable property;
2. Moveable All Risk Policy on the loss of movable property;
3. Insurance policy on motor vehicles; and
4. Insurance policy on public liability.
Table 100 | Purchase of Assets in 2025 by Type
Procurement Value Number of Instances
Asset Type
Rp million Percentage Unit Percentage
Vehicles 64,359 43.6% 329 7.7%
Software 15,089 10.2% 9 0.2%
Hardware 25,225 17.1% 1,027 23.9%
Machinery 6,725 4.6% 1,211 28.2%
Rental 33,101 22.4% 619 14.4%
Furniture 3,171 2.1% 1,098 25.6%
Total 147,670 100.0% 4,293 100.0%
GIVING AND ACCEPTING GIFTS
As part of its efforts to maintain integrity and professionalism, the Company prohibits all employees, management,
and related parties from accepting gifts or benefits of any kind from suppliers, whether directly or indirectly. This
policy aims to:
1. Prevent Conflicts of Interest: ensuring that all procurement decisions are based on objective considerations and
not influenced by gifts or benefits;
2. Maintain Transparency: creating an open work environment free from corrupt practices; and
3. Enhance Trust: preserving the Company’s reputation as an organization that conducts business practices ethically.
The Company has a regulation that governs the giving of gifts, bribes and similar rewards, gifts to other parties as a
token of gratitude, gifts in celebration of religious holidays, souvenirs, and mementos in the form of goods or services.
Taking into account the prevailing business ethics, any employee receiving a gift of any price and any form shall submit
a report to their direct supervisor. Accepting gifts from other parties for the purpose of promoting their Company, a
token of gratitude, religious celebrations, souvenirs, or mementos, is allowed and considered appropriate in daily social
relations, provided that:
1. The giving is not intended for personal benefits/interests and is not material in nature;
2. The giving does not affect any decision for procurement or goods or services; and
3. Gifts are not given continuously by the same giver to the Company or any of its representatives
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INFORMATION DISCLOSURE POLICY
BFI Finance maintains a policy which ensures that the ownership of shares of public companies by any member of the
BOD and the BOC, both directly and indirectly, be disclosed according to the prevailing regulations to the authorities.
Each change to the share ownership as described above is to be reported at the latest three business days since the
change takes place.
In 2025, the Company made six disclosures of such information to the authorities.
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PUBLIC ACCOUNTANT SERVICES
Public Accounting Firm Public Accountant
Tanubrata Sutanto Fahmi Bambang & Rekan Susanto Bong, S.E., Ak., C.P.A, C.A.
Prudential Tower 17th Floor
Jl. Jend. Sudirman Kav. 79
Jakarta 12910, Indonesia The fee for the 2025 assignment period was Rp743
Tel: (62-21) 5795 7300 million, excluding VAT.
Fax: (62-21) 5795 7301
www.bdo.co.id
Table 101 | Public Accounting Firm Fees
Professional Services Provided Fee Before Tax (Rp)
Audit of the Company's 2025 Annual Financial Statements 743,000,000
Total 743,000,000
Table 102 | History of Public Accounting Firm Appointments
Public Accounting
Period Accountant Name Report Release Date Opinion
Firm
2021 Tanubrata Sutanto Dr. Herry Sunarto, 15 February 2022 Unmodified Opinion
Fahmi Bambang & S.E., Ak., S.H., M.B.A.,
Rekan M.H., C.P.A., C.P.M.A.,
C.M.A., C.A.
2022 Tanubrata Sutanto Santanu Chandra, 13 February 2023 Unmodified Opinion
Fahmi Bambang & C.P.A.
Rekan
2023 Tanubrata Sutanto Susanto Bong, S.E., 23 February 2024 Unmodified Opinion
Fahmi Bambang & Ak., C.P.A., C.A.
Rekan
2024 Tanubrata Sutanto Susanto Bong, S.E., 24 February 2025 Unmodified Opinion
Fahmi Bambang & Ak., C.P.A., C.A.
Rekan
2025 Tanubrata Sutanto Susanto Bong, S.E., 5 March 2026 Unmodified Opinion
Fahmi Bambang & Ak., C.P.A., C.A.
Rekan
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CAPITAL MARKET SUPPORTING
INSTITUTIONS AND PROFESSIONS
Ratings Agency Trustee
PT Fitch Ratings Indonesia PT Bank Tabungan Negara (Persero) Tbk
DBS Bank Tower 24th Floor, Suite 2403 Menara BTN
Jl. Prof. Dr. Satrio Kav. 3-5 Jl. Gajah Mada No. 1
South Jakarta 12940, Indonesia Jakarta 10130, Indonesia
(62-21) 2988 6800 (62-21) 633 6789 ext. 1844-1847
(62-21) 2988 6822 www.btn.co.id
www.fitchratings.com/region/indonesia
The fee for the assignment period 2016–2025
The fee for the assignment period 2025 was ranged from 0.00563%–0.01500% of the total
Rp572 million. bonds issuance value.
Legal Consultant Share Registrar
Jusuf Indradewa & Partners PT Raya Saham Registra
Menara BCA (Grand Indonesia) 50th Floor Gedung Plaza Sentral 2nd Floor
Jl. M.H. Thamrin No.1 Jl. Jend. Sudirman Kav. 47–48
Jakarta 10310, Indonesia South Jakarta 12930, Indonesia
(62-21) 2254 4117 (hunting) (62-21) 252 5666
(62-21) 2254 4367 (62-21) 252 5028
www.jusufind.com www.registra.co.id
The fee for the assignment period 2025–2028
The fee for the assignment period 2025 was
represents 13.50% of the total bond issuance value.
Rp220 million.
Capital Market Institution Depository and Settlement Institution
PT Bursa Efek Indonesia PT Kustodian Sentral Efek Indonesia
(Indonesia Stock Exchange (Indonesia Central Securities Depository)
Indonesia Stock Exchange Building, 1st Tower, 6th Floor Indonesia Stock Exchange Building, 1st Tower, 5th Floor
Jl. Jend. Sudirman Kav. 52–53 Jl. Jend. Sudirman Kav. 52–53
South Jakarta 12190, Indonesia South Jakarta 12190, Indonesia
(62-21) 515 0515 (62-21) 515 2855
(62-21) 515 4153 (62-21) 5299 1199
Call Center (National): 150515 0800-186-5734
www.idx.co.id www.ksei.co.id
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TRANSPARENCY OF FINANCIAL AND
NON-FINANCIAL CONDITIONS NOT
DISCLOSED IN OTHER REPORTS
BFI Finance compiles various reports that present financial and non-financial information transparently for the
stakeholders, and other related institutions, in a timely, complete, accurate, updated, and complete manner.
Information on the Company’s financial and non-financial condition have been presented clearly and transparently in
several reports, among others:
1. Integrated Annual Report, which includes:
a. Key Financial Highlights including Share Highlights, BOC and BOD Reports, Company Profile, Management
Discussion and Analysis on financial and business performance, GCG, Sustainability that covers the discussions
on Human Capital and CSR, as well as Corporate Data;
b. Annual Financial Statements audited by Public Accountant and Public Accounting Firm registered on OJK. The
Annual Financial Statements is prepared for one financial year and presented in comparison with the previous
financial year; and
c. Statement of Responsibility by the BOC and the BOD for the accuracy of the Integrated Annual Report contents;
2. Financial Statements published every six months in the mass media, on BFI Finance website under the Press
Release menu, and IDX website;
3. Quarterly Financial Statements, published in the websites of BFI Finance and IDX;
4. Sustainability Report published by BFI Finance as an inseparable part of its Integrated Annual Report; and
5. Transparency of Non-Financial Condition
BFI Finance has provided information regarding the Company’s products in a clear, accurate, and updated
manner. Such information has been made available to customers, in the form of, among others, leaflets, brochures
or other written forms at the BFI Finance outlets, in locations that are easily accessible by customers; and/or
through electronic forms, such as through BFI Finance website, an online portal that provides information on the
characteristics of financial and insurance products in Indonesia as well as product comparisons.
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STATEMENT OF IMPLEMENTATION OF
OJK’S CORPORATE GOVERNANCE
GUIDELINES FOR PUBLIC COMPANIES
BFI Finance’s GCG implementation performance adheres to POJK No. 21/POJK.04/2015 on the Implementation of
Governance Guidelines in Public Companies and SEOJK No. 32/POJK.04/2015 on the Governance Guidelines for Public
Companies, which encompass 5 aspects, 8 principles, and 25 implementation recommendations, summed up in Table
103.
Table 103 | Implementation of Corporate Governance Guidelines Recommendations for Public Companies
Explanation
Statement of
Aspect Principle Recommendation (for non-
Compliance/
compliance)
Aspect I: Principle 1: 1. The Public Company has a means or Compliant -
Relationship of Improving technical procedure for voting both
Public Company the Value of open and closed voting mechanisms
with Shareholders Implementation that uphold the independence and
in Ensuring of GMS interest of shareholders.
Shareholders’ 2. All Members of the BOD and the Explanation Three members
Rights BOC of the Public Company attend given of the BOC did
the AGMS and EGMS. not attend the
AGMS and the
EGMS in 2025,
due to reasons
stated to and
accepted by the
GMS.
3. The Public Company has Compliant -
communications policy with the
shareholders or investors.
Principle 2: 4. The Public Company discloses Compliant -
Increasing its communications policy to the
the Quality of shareholders or investors
Communications 5. The Public Company discloses Compliant -
between Public its communications policy to the
Company and shareholders or investors on the
Shareholders/ Website.
Investors
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Explanation
Statement of
Aspect Principle Recommendation (for non-
Compliance/
compliance)
Aspect II: Principle 3: 6. Determination of the number of Compliant -
Functions and Strengthening Members of the BOC takes into
Roles of the BOC the Membership consideration the conditions of the
and Composition Public Company.
of the BOC 7. Determination of BOC composition Compliant -
takes into consideration its diversity
in terms of skills, knowledge, and
experience required.
Principle 4: 8. The BOC has its self-assessment Compliant -
Meningkatkan policy to evaluate its performance.
Kualitas 9. Self-assessment policy to evaluate Compliant -
Pelaksanaan the BOC performance is disclosed in
Tugas dan the Integrated Annual Report of the
Tanggung Jawab Public Company.
Dewan Komisaris
10. The BOC has a policy regarding the Compliant -
resignation of BOC members should
they be involved in a financial crime.
11. The BOC or the Committee Compliant -
carrying out the Nomination and
Remuneration function prepares
the succession policy in the BOD
Nomination process.
Aspect III: Principle 5: 12. Determination of BOD composition Compliant -
Functions and Strengthening takes into consideration the Public
Roles of the BOD the Membership Company’s conditions and efficacy
and Composition in decision making.
of the BOD 13. Determination of BOD composition Compliant -
takes into consideration its diversity
in terms of skills, knowledge and
experience required.
14. Member of the BOD in charge Compliant -
of accounting or finance has an
expertise and/or knowledge in
accounting..
Principle 6: 15. The BOD has a self-assessment Compliant -
Improving policy to evaluate its performance.
the Quality of 16. Self-assessment policy to evaluate Compliant -
Implementation the BOD performance is disclosed
of BOD in the annual report of the Public
Duties and Company..
Responsibilities
17. The BOD has a policy regarding the Compliant -
resignation of BOD members should
they be involved in a financial crime.
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Explanation
Statement of
Aspect Principle Recommendation (for non-
Compliance/
compliance)
Aspect IV: Principle 7: 18. The Public Company has a policy to Compliant -
Stakeholders’ Improving prevent insider trading.
Participation Corporate 19. The Public Company has a policy on Compliant -
Governance anti-corruption and anti-fraud
Aspect via
20. The Public Company has a policy Compliant -
Stakeholders’
on vendor/supplier selection and
Participation
enhancement of skills.
21. The Public Company has a policy on Compliant -
fulfilling creditors’ rights.
22. The Public Company has a Compliant -
whistleblowing system policy.
23. The Public Company has a policy on Compliant -
long-term incentive provision to the
BOD and employees.
Aspect V: Principle 8: 24. The Public Company utilizes Compliant -
Information Enhancing information technology more
Disclosure Information broadly than the website as a means
Disclosure to disclose information
Implementation 25. The Public Company’s Integrated Compliant -
Annual Report discloses the ultimate
beneficiary of the ownership of its
shares for at least 5% (five percent)
ownership as well as the disclosure
on the ultimate beneficiary of
the ownership of shares of the
public company via the major and
controlling shareholders.
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ADDRESES OF OUTLETS
HEAD OFFICE
BFI Tower
Sunburst CBD Lot 1.2
Jl. Kapt. Soebijanto Djojohadikusumo
BSD City
Tangerang Selatan 15322
Phone: (62-21) 2965 0300
Fax: (62-21) 2966 0757, 2966 0758
Website: www.bfi.co.id
BRANCHES
JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Jakarta Capital Region
Jakarta – Cengkareng Sedayu Square Blok C-02 Jakarta Barat
Jl. Outer Ring Road
Cengkareng Timur
Jakarta – Corporate Leasing Rukan Graha Cempaka Mas Blok A Jakarta Pusat
No. 31
Jl. Let. Jend. Suprapto
Kel. Sumur Batu, Kec. Kemayoran
Jakarta – Meruya Jl. Lapangan Bola No. 1-1A Jakarta Barat
Meruya, Kebon Jeruk
Jakarta Selatan Komplek Pertokoan Duta Mas Jakarta Selatan
Blok B2 No. 7
Jl. R.S. Fatmawati
Kel. Cipete, Kec. Kebayoran Baru
Jakarta Selatan 2 Jl. Raya Pasar Minggu KM. 18,2 Jakarta Selatan
RT 12 / RW 01
Kel. Pejaten Timur, Kec. Pasar
Minggu
Jakarta Selatan 3 Jl. Raya Pasar Minggu 12B Jakarta Selatan
RT 1 / RW 7
Kel. Kalibata, Kec. Pancoran
Jakarta – Sunter Rukan Puri Mutiara Blok A No. 80 Jakarta Utara
Jl. Utama Griya, Sunter
Jakarta Timur Ruko Radin Inten Center No. 8D Jakarta Timur
Jl. Radin Inten, Duren Sawit
Jakarta Utara Rukan Grand Orchard Square Jakarta Utara
Blok C/20
Jl. Terusan Kelapa Hybrida Sukapura
Jakarta Utara 2 Komplek Puri Delta Mas Blok A-3 Jakarta Utara
Jl. Bandengan Selatan Kavling 43
RT 003, RW 001
Kel. Pejagalan, Kec. Penjaringan
Banten
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JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Bintaro Ruko Emerald Avenue I Blok Tangerang
EA – A36 CBD Emerald
Jl. Boulevard Bintaro Jaya Sektor 9
Kel. Parigi Lama, Kec. Pondok Aren
Cikupa Citra Raya Grand Boulevard Tangerang
Blok E1 No. 286–288
RT 03 / RW 03
Desa Ciakar, Kec. Panongan
Pamulang South City Square Tangerang
Jl. Raya South City Barat No. B1-03
Kel. Pondok Cabe Udik,
Kec. Pamulang
Tangerang Jl. Imam Bonjol No. 279–281 Tangerang
RT 01 / RW 04
Kel. Bojong Jaya, Kec. Karawaci
Tangerang 2 Kompleks Balaraja Ultimate For Tangerang
Business Retail Ruko C No. 3A
Jl. Raya Serang KM. 24
RT 001 / RW 001
Desa Telagasari, Kec. Balaraja
Tangerang 3 Ruko Prabu Kian Santang No. 2 Tangerang
Jl. Prabu Kian Santang
RT 01 / RW 04
Kel. Sangiang Jaya, Kec. Periuk
Tangerang Selatan Ruko Bidex Blok F No. 18 Tangerang Selatan
Jl. Pahlawan Seribu
RT 001 / RW 004
Kel. Lengkong Gudang, Kec.
Serpong
West Java
Bandung Jl. Soekarno Hatta No. 472 Bandung
Kel. Batu Nunggal, Kec. Bandung
Kidul
Bandung – Lengkong Jl. Lengkong Kecil No. 12B Bandung
Bandung 3 Komplek Pergudangan Katapang Bandung
Indah Lestari Ruko No. 3
Jl. Terusan Kopo Katapang No. 611
RT 03 / RW 09 KM. 13,2
Kec. Katapang
Bekasi Kompleks Ruko Suncity Square Bekasi
Blok A No. 46–47
Jl. Mayor Hasibuan, Margajaya
Bekasi 2 Ruko Mega Boulevard Blok RV 2 No. Bekasi
3A
Jl. Harapan Indah Boulevard
RT 10 / RW 08 Kel. Medan Satria,
Kec. Medan Satria
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JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Bekasi 3 Ruko Grand Galaxy City Blok RGK Bekasi
Boulevard Raya
Jl. Pulo Sirih Utama No. 628
RT 02 / RW 19
Kel. Jaka Setia, Kec. Bekasi Selatan
Bekasi 4 Ruko Grand Wisata Blok AA.12 No. Bekasi
103
Kel. Lambang Sari, Kec. Tambun
Selatan
Bekasi 5 Ruko Mall Ciputra Blok R.2 No. 18 Bekasi
Jl. Alternative Kel. Jati Karya, Kec. Jati
Sempurna
Bogor Jl. Raya Tajur No. 118E–F Bogor
RT 001 / RW 006 Kel. Pakuan, Kec.
Bogor Selatan
Cibinong Cibinong City Centre A-30 Bogor
Jl. Tegar Beriman I RT 05 / RW 12
Kel. Pakansari, Kec. Cibinong
Cikampek Ruko Sudirman Center Blok A No. 6 Karawang
Jl. Jenderal Sudirman No. 100
Desa Pucung, Kec. Kotabaru
Cikarang Ruko Golden Boulevard Cikarang
Blok CC.5 No. 3A
Jl. Niaga Raya, Jababeka 2
Kel. Pasir Sari, Kec. Cikarang Selatan
Cimahi Jl. Encep Kartawiria No. 64 B Cimahi
RT 004 / RW 15
Kel. Citeureup, Kec. Cimahi Utara,
Cirebon Jl. Tuparev No. 115A Cirebon
Desa Kertawinangun, Kec.
Kedawung
Depok Ruko Margonda Residen No. 12A–14 Depok
Jl. Margonda Raya Kav. 461
Indramayu Jl. Raya Sleman No. 3B Indramayu
RT 01 / RW 03
Desa Sleman Lor, Kec. Sliyeg
Karawang Jl. Jend. Ahmad Yani No. 73 Bypass Karawang
RT 04 / RW 12
Karangpawitan Karawang Barat
Kuningan Jl. RE Martadinata Kuningan
RT 030 / RW 006
Kel. Ciporang, Kec. Kuningan
Majalengka Jl. K.H. Abdul Halim No. 104 Majalengka
Kel. Majalengka Kulon, Kec.
Majalengka
Purwakarta Jl. Taman Makam Pahlawan No. 73B, Purwakarta
RT 11 / RW 05
Kel. Purwamekar, Kec. Purwakarta
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JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Subang Jl. Arif Rahman Hakim No. 43 – 44, Subang
RT 051 / RW 14
Kel. Cigadung, Kec. Subang
Sukabumi Jl. Brawijaya No. 4 RT 02 / RW 12 Sukabumi
Kel. Sriwidari, Kec. Gunung Puyuh
Tasikmalaya Kompleks Pertokoan Plaza Asia Tasikmalaya
Blok A No. 12A Jl. H.Z. Mustofa
Central Java
Banjarnegara Jl. S. Parman No. 28 RT 01 / RW 04 Banjarnegara
Kel. Parakancanggah, Kec.
Banjarnegara
Grobogan Ruko The Grand City Blok E Grobogan
Jl. Letjen R. Suprapto No. 61–63
Purwodadi
Jepara Jl. Pemuda No. 1A RT 03 / RW 04 Kel. Jepara
Potroyudan, Kec. Jepara
Kebumen Perum Graha Mahardika 2 Kebumen
Jl. Kutoarjo D3
Kel. Selang, Kec. Kebumen
Klaten Jl. Veteran No. 256A Klaten
Kel. Bareng Lor, Kec. Klaten Utara
Kudus Ruko Bitingan Indah (Panjunan) Kudus
Jl. Ahmad Yani, B07–B08
Kel. Panjunan, Kec. Kota Kudus
Magelang Ruko Metro Square F6 Magelang
Jl. Mayjen Bambang Soegeng
Mertoyudan
Pekalongan Komplek Ruko Dupan B2 No. 19 dan Pekalongan
B2 No. 20
Jl. Dr. Sutomo
Kel. Kalibaros, Kec. Pekalongan
Timur
Purwokerto – Banyumas Jl. Gerliya Timur No. 35 Purwokerto
Ruko No. 3 Kel. Teluk,
Kec. Purwokerto Selatan
Rembang Jl. Pemuda No. 3B Rembang
Salatiga Ruko Wijaya Square Blok A3 Salatiga
Jl. Diponegoro RT 02 / RW 05,
Sidorejo Lor
Semarang Ruko Mataram Plaza Blok D No. 03 Semarang
Jl. M.T Haryono
Semarang 3 Jl. Raya Kudungmundu RT 01 / RW Semarang
25
Kel. Sendangmulyo, Kec.Tembalang
Solo Jl. R.M. Said No. 160C RT 2 / RW 3 Surakarta
Kel. Punggawan, Kec. Banjarsari
Solo 2 Jl. Raya Solo Permai HD 03 Sukoharjo
Solo Baru
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JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Sragen Ruko Harlin Sragen Blok B-1 Sragen
Jl. Raya Sukowati
Kel. Sine, Kec. Sragen
Tegal Ruko Nirmala Estate No. 3–4 Tegal
Jl. Yos Sudarso No. 20
Kel. Mintaragen, Kec. Tegal Timur
Yogyakarta Special Region
Yogyakarta Ruko Monjali Permai Kav. 2 Sleman
Jl. Monjali Sinduadi Mlati Sleman
East Java
Banyuwangi Jl. S. Parman No. 98 Banyuwangi
Kel. Sumberrejo, Kec. Banyuwangi
Blitar Jl. Lawu RT 02 / RW 02 Blitar
Kel. Kauman, Kec. Kepanjen Kidul
Bojonegoro Jl. M.H. Thamrin 103 Bojonegoro
Gresik Ruko Green Garden Blok A-2 Gresik
Jl. Dr. Wahidin No. 3–4
Desa Dahanrejo, Kec. Kebomas
Jember Jl. Diponegoro No. 32 Ruko 32B Jember
Kel. Kepatihan, Kec. Kaliwates
Jombang Jl. K.H. Wahid Hasyim No. 19 Jombang
RT 001 / RW 001
Kel. Jombang, Kec. Jombang
Kediri Kompleks Pertokoan Hayam Wuruk Kediri
Trade Center Blok C No. 7–8
Jl. Hayam Wuruk
Lamongan Jl. Basuki Rahmat No. 203 Lamongan
Kel. Sukomulyo, Kec. Lamongan
Madiun Jl. Dr. Sutomo No. 76 Unit C Madiun
Kel. Kartoharjo, Kec. Kartoharjo
Malang Jl. R. Tumenggung Suryo No. 42, Malang
Kavling B, C, D
Kel. Bunulrejo, Kec. Blimbing
Mojokerto Ruko Kranggan Permai Blok A05–06 Mojokerto
Jl. Pahlawan
Nganjuk Jl. Gatot Subroto No. 29 RT 03 / RW Nganjuk
04 Kel. Kauman, Kec. Nganjuk
Pandaan Ruko Pandaan Central Business Kav. Pasuruan
A3–A5 Jl. Raya Bypass Pandaan RT 01
/ RW 014
Desa Karangjati, Kec. Pandaan
Pasuruan Jl. Panglima Sudirman No. 40A Pasuruan
Kel. Purworejo, Kec. Purworejo
Ponorogo Jl. Jendral Sudirman No. 1 Ponorogo
Kel. Mangkujayan, Kec. Ponorogo
Sidoarjo Kompleks Ruko Gateway No. C1–C2 Sidoarjo
Jl. Raya Waru (Aloha)
Desa Sawotratap, Kec. Gedangan
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JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Sidoarjo 2 Komplek Ruko Tiara Center 02 – 03, Sidoarjo
Kel. Pagerwojo, Kec. Buduran
Surabaya Jl. Ngagel Jaya 39 Surabaya
Surabaya 2 Jl. Patimura No. 14 Surabaya
RT 06 / RW 06, Kel. Sonokwijenan,
Kec. Sukomanunggal
Surabaya 3 Jl. Raya Kapas Krampung No. 139 Surabaya
RT 001, RW 003
Kel. Rangkah, Kec. Tambaksari
Tuban Jl. Letda Sucipto No. 5A, Perbon Tuban
Tulungagung Jl. Pahlawan No. 3 Tulungagung
Dusun Kedungsingkal, Kel. Ketanon,
Kec. Kedungwaru
Bali
Buleleng Jl. A. Yani No. 85C Buleleng
Kel. Kaliuntu, Kec. Buleleng
Denpasar Jl. Gatot Subroto Barat 170X Denpasar
Kec. Denpasar Barat
Denpasar 3 Pertokoan Sudirman Agung Blok Denpasar
C7–8
Jl. Jendral Sudirman
Kel. Panjer, Kec. Denpasar Selatan
Gianyar Jl. Ciung Wanara No. 17 Gianyar
Lingkungan Candi Baru
Kel. Gianyar, Kec. Gianyar
Tabanan Jl. Ir. Soekarno Tabanan
Kel. Banjar Anyar, Kec. Kediri
West Nusa Tenggara
Lombok Barat Jl. Raya Dr. Sutomo No. 1A Lombok Barat
Desa Bekele, Kec. Gerung
Mataram Jl. Brawijaya No. 22–24 Mataram
RT. 02, Lingk. Karang Kelebut
Kel. Cakranegara Selatan
Kec. Cakranegara
Sumbawa Jl. Diponegoro No. 63 Sumbawa
RT 002 / RW 010
Kel. Bugis, Kec. Sumbawa
East Nusa Tenggara
Kupang Jl. Frans Seda Blok G Kupang
RT 042 / RW 013
Kel. Fatululi, Kec. Oebobo
Manggarai Jl. Wae Ces Manggarai
RT 004 / RW 02
Kel. Mbaumuku, Kec. Langke
Rembong
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SUMATRA
BRANCH ADDRESS CITY / REGENCY
North Sumatra
Asahan Jl. Sisingamangaraja No. 73 Asahan
Kel. /Desa Kisaran Timur, Kec. Kota
Kisaran Timur
Binjai Kompleks Ruko Surya Permai Binjai
Jl. T. Amir Hamzah No. 1L
Karo Jl. Veteran No. 57A Karo
Kel. Kampung Dalam, Kec.
Kabanjahe
Medan Jl. Ir. H. Juanda No. 26 Medan
Lingkungan IV
Kel. Sukadamai, Kec. Medan Polonia
Padangsidimpuan Jl. Sudirman No. 8F Padangsidimpuan
Kel. Losung Batu Kec.
Padangsidimpuan Utara
Pematangsiantar Kompleks Megaland Blok N No. 10 Pematangsiantar
Jl. Sangnawaluh Kel. Siopat Hulu,
Kec. Siantar Timur
Rantauprapat Kompleks M 88 Rantauprapat
Jl. Sisingamangaraja No. 10A–B
Kel. Bakaran Batu, Kec. Rantau
Selatan
Riau
Air Molek – Indragiri Hulu Jl. Jend. Sudirman RT 02 / RW 01 Indragiri Hulu
Kel. Kembang Harum, Kec. Pasir
Penyu
Bagan Batu Jl. Jendral Sudirman Rokan Hilir
Kel. Bagan Batu, Kec. Bagan
Sinembah
Dumai Jl. Sultan Hasanuddin Dumai
RT 14 / RW 00
Kel. Rimba Sekampung, Kec. Dumai
Kota
Pekanbaru Jl. Soekarno Hatta No. 88 Pekanbaru
Kel. Delima, Kec. Tampan
Pekanbaru 3 Jl. Setiabudi No. 89–89A Pekanbaru
Pelalawan Jl. Maharaja Indah RT 001 / RW 009 Pelalawan
Pangkalan Kerinci Kota
Pangkalan Kerinci
Ujung Batu Jl. Sudirman Desa Ujung Batu Timur, Rokan Hulu
Kec. Ujung Batu
Riau Islands
Batam Komplek King Business Center Batam
Blok B2 No. 9–10
Jl. Raja Isa Batam Center
Kel. Belian, Kec. Batam Kota
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SUMATRA
BRANCH ADDRESS CITY / REGENCY
Batam 2 Komp. Bumi Riau Makmur Blok A Batam
No. 9
Jl. Laksamana Bintan
Kel. Sei Panas, Kec. Batam
Tanjung Pinang Jl. D.I. Panjaitan KM. 08 Tanjung Pinang
Kel. Air Raja, Kec. Tanjung Pinang
Timur
West Sumatra
Bukittinggi Jl. Raya Kapas Panji No. 49B Bukittinggi
Jambu Air, Nagari Taluak IV Suku
Kec. Banuhampu, Agam
Dharmasraya Jl. Lintas Sumatera Jorong Dharmasraya
Pasar Koto Baru
Padang Jl. By Pass No. KM.12 Padang
Kel. Sungai Sapih, Kec. Kuranji
Pasaman Barat Jl. Lintas Simpang Empat Pasaman Barat
Manggopo 2 KM, Kompleks Gunung
Tulas,
Lintang Selatan Jorong Simpang
Empat Kenagarian Lingkuang Aua
Kec. Pasaman
Jambi
Jambi Jl. Prof. M. Yamin S.H. No. 65–66 Jambi
RT 29, Kel. Lebak Bandung, Kec.
Jelutung
Muara Bungo Jl. Sudirman No. 45–46 Bungo
RT 003 / RW 001
Kel. Pasir Putih, Kec. Rimbo Tengah
Muaro Jambi Jl. Lintas Timur Sumatra RT 013, Muaro Jambi
Kel. Sengeti, Kec. Sekernan
Rimbo Bujang Jl. Pahlawan No. 91 Rimbo Bujang
RT 02 / RW 03
Kel. Mandiri Agung, Kec. Rimbo
Bujang
Sarolangun Jl. Lintas Sumatera Pasar Sarolangun Sarolangun
No. 17 RT 06
Kel. Sukasari, Kec. Sarolangun
South Sumatra
Baturaja Jl. Dr. Moh. Hatta, RT 04 / RW 04 Baturaja
Kel. Sukaraya, Kec. Baturaja Timur
Ogan Komering Ulu (OKU)
Lahat Jl. Kolonel Burlian No. 95 Lahat
RT 09 / RW 03
Kel. Bandar Agung, Kec. Lahat
Palembang Kompleks Ruko Rajawali No. B3–B4 Palembang
RT 016 / RW 012
Kel. 9 Ilir, Kec. Ilir Timur II
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SUMATRA
BRANCH ADDRESS CITY / REGENCY
Palembang 2 Jl. Sultan Mahmud Badaruddin II Palembang
No. 5 RT 20 / RW 04
Kel. Alang-Alang Lebar, Kec. Alang-
Alang Lebar
Pangkalan Balai Jl. Merdeka No. 2E RT 11 / RW 04 Kel. Banyuasin
Pangkalan Balai, Kec. Banyuasin III
Prabumulih Jl. Jend. Sudirman No. 10 Prabumulih
Kel. Muara Dua, Kec. Prabumulih
Timur
Bangka Belitung Islands
Belitung Jl. Jend. Sudirman No. 32B Belitung
RT 09 / RW 04
Kel. Pangkal Lalang, Kec. Tanjung
Pandan
Pangkal Pinang Kompleks Bangka Square Bangka Tengah
(Ruko No. 2)
Jl. Raya Koba KM. 5 No. 17
Kec. Pangkalan Baru
Lampung
Bandar Jaya Jl. Proklamator Raya No. 28–29 Lampung Tengah
Kec. Terbanggi Besar, Bandar Jaya
Bandar Lampung Jl. Gajah Mada No. 55 Bandar Lampung
Kota Baru, Tanjung Karang Timur
Metro Jl. AH Nasution No. 1B Metro
RT 001 / RW 001
Kel. Imopuro, Kec. Metro Pusat
Pringsewu Jl. A. Yani, RT 012 / RW 01 Pringsewu
Kel. Pringsewu Utara, Kec.
Pringsewu
Tulang Bawang Jl. Lintas Timur Sumatera Tulang Bawang
Kel. Dwi Warga Tunggal Jaya, Kec.
Banjar Agung
KALIMANTAN
BRANCH ADDRESS CITY / REGENCY
West Kalimantan
Ketapang Jl. DI Panjaitan Nomor 37 Ketapang
RT 002, RW 007
Kel. Sampit, Kec. Delta Pawan
Pontianak Jl. M. Sohor No. 45 Blok E–F Pontianak
RT 05 / RW 02
Kel. Akcaya, Kec. Pontianak Selatan
Sanggau Jl. Jenderal Ahmad Yani No. 58 B Sanggau
RT 002, RW 00
Kel. Ilir Kota, Kec. Kapuas
Sintang Komplek Pertokoan Golden Square Sintang
Jl. Lintas Melawi No. E6
RT 003 / RW 001
Kel. Ladang, Kec. Sintang
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KALIMANTAN
BRANCH ADDRESS CITY / REGENCY
Central Kalimantan
Palangkaraya Jl. RTA Milono KM. 3,5 No. 6–7 Palangkaraya
Kel. Menteng, Kec. Pahandut
Pangkalan Bun Jl. Pasanah (Kawitan 1), RT 23 Pangkalan Bun
Sidorejo
Sampit Jl. Jendral Sudirman KM. 1,5 No. 19 Sampit
RT 43 / RW 08
Kel. Mentawa Baru Hulu, Kec.
Mentawa Baru Ketapang
Kotawaringin Timur
South Kalimantan
Banjarmasin Jl. A. Yani KM. 7,8 No. 30 Banjarmasin
Kertak Hanyar, Kab. Banjar
Banjarbaru Jl. Ahmad Yani KM. 34,500 Banjarbaru
RT 003 / RW 002
Kel. Komet, Kec. Banjarbaru Utara
Tanah Bumbu Jl. Raya Batulicin, RT 3 / RW 1 Tanah Bumbu
Desa Sejahtera
Kampung Baru – Simpang Empat
Tanjung Jl. Ahmad Yani RT II Tanjung
Mabu’un Murung Pudak, Tabalong
East Kalimantan
Balikpapan Jl. Jend. Sudirman No. 14/295, Balikpapan
RT 06 Kel. Damai,
Kec. Balikpapan Selatan
Berau Jl. Pemuda, RT 09 Kel. Tanjung Berau
Redep, Kec. Tanjung Redep
Bontang Ruko Primagama Bontang
Jl. Bhayangkara KM. 6 No. 16F
Paser Jl. Modang RT 007 RW 02 Paser
Kel. Tanah Grogot, Kec. Tanah
Grogot
Penajam Paser Utara Jl. Propinsi, RT 007, KM.18 Penajam Paser Utara
Kel. Petung, Kec. Penajam
Samarinda Jl. D.I. Panjaitan, Ruko No. 5–6 Samarinda
Samarinda 2 Seberang Jl. Bung Tomo, RT 09 Samarinda
Kel. Sungai Keledang, Kec.
Samarinda Seberang
Sengata Jl. A.W. Syahrani, RT 04 / RW 01 Kutai Timur
Kel. Teluk Lingga, Kec. Sengata Utara
Tenggarong Jl. Patin No. 99B Tenggarong Kutai Kartanegara
North Kalimantan
Bulungan JL. Sengkawit No. 2 Bulungan
RT 53 / RW 20
Kel. Tanjung Selor, Kab. Bulungan
Tarakan Jl. Gajah Mada No. 75 Tarakan
Kel. Karang Anyar Pantai
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SULAWESI
BRANCH ADDRESS CITY / REGENCY
North Sulawesi
Bitung Jl. Wolter Monginsidi No. 45 Bitung
Kel. Girian Bawah, Kec. Girian
Bolaang Mongondow Utara Jl. Trans Sulawesi Desa Bolang Itang Bolaang Mongondow Utara
Induk No. 26 Kec. Bolang Itang Barat
Kotamobagu Jl. Brigjen Katamso, Kotamobagu
Kel. Kotobangun
Manado Jl. Bethesda No. 18 Manado
Kel. Ranotana, Kec. Sario
Minahasa Selatan Lingkungan IV Kel. Uwuran I Minahasa Selatan
Kec. Amurang
Tahuna – Kepulauan Sangihe Jl. Makaampo Tahuna
Kel. Sawang Bendar, Kec. Tahuna
Tomohon Jl. Samratulangi Lingkungan VI Tomohon
Kel. Matani 3, Kec. Tomohon Tengah
Gorontalo
Gorontalo Jl. Agus Salim No. 290 Gorontalo
Kel. Wumialo, Kec. Kota Tengah
Marisa Graha Arwana, Jl. Trans Sulawesi Pohuwato
Kel. Buntulia Selatan, Kec. Duhiada
West Sulawesi
Mamuju Jl. Jenderal Sudirman No. 15 Mamuju
Kel. Simboro, Kec. Simboro
Mamuju Utara Jl. Ir. Soekarno Kel. Pasangkayu, Mamuju Utara
Kec. Pasangkayu
Polewali Mandar Ruko Andi Depu No 151 Polewali Mandar
Jl. H. Andi Depu
Kel. Takkatidung, Kec. Polewali
Central Sulawesi
Kotaraya Jl. I Gusti Ngurah Rai Parigi Moutong
Desa Kotaraya, Kec. Mepanga
Luwuk (Banggai) Jl. Dr. Moh Hatta No. 94 C Banggai
Kel. Maahas, Kec. Luwuk Selatan
Palu Ruko Moh. Hatta Center Palu
Jl. Dr. Moh. Hatta No. 21D–E
RT 11 / RW 03
Kel. Besusu Tengah, Kec. Palu Timur
Parigi Moutong Jl. Trans Sulawesi Parigi Moutong
Kel. Bantaya, Kec. Parigi
Poso Jl. Pulau Sumba No. 7 Poso
Kel. Gebangrejo, Kec. Poso Kota
Tolitoli Jl. Abdul Muis No. 16 Malosong Tolitoli
Kel. Baru, Kec. Baolan
South Sulawesi
Bone Jl. Ahmad Yani Bone
Kel. Jeppee, Kec. Tanete Riattang
Barat
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SULAWESI
BRANCH ADDRESS CITY / REGENCY
Bulukumba Jl. Samratulangi, Dusun Lajae Bulukumba
Desa Polewali, Kec. Gantarang
Luwu Timur Jl. Trans Sulawesi Luwu Timur
Desa Beringin Jaya, Kec. Tomoni
Luwu Utara Jl. Ahmad Yani, RT 01, RW 04 Luwu Utara
Kel. Kappuna, Kec. Masamba,
Makassar Jl. Hertasning Baru (Aeropala) No. 98 Makassar
Kel. Karunrung, Kec. Rappocini
Makassar 2 Jl. Kima Raya 2 No. A20 Makassar
Kel. Daya, Kec. Biringkanaya
Palopo Jl. Kelapa No. 66 Palopo
Kel. Dangerakko, Kec. Wara
Parepare Jl. Bau Massepe No. 74 Parepare
Kel. Ujung Sabbang, Kec. Ujung
Toraja Jl. Poros Makale – Rantepao No. 474A Tana Toraja
Kel. Tambunan, Kec. Makale Utara
Southeast Sulawesi
Kendari Jl. Brigjend. Moh. Yunus Bypass Kendari
Kolaka Jl. Dr. Sutomo No. 51 Kolaka
Kel. Lamokato, Kec. Kolaka
Konawe Jl. Sapati No. 15D Konawe
Kel. Tumpas, Kec. Unaha
MALUKU & PAPUA
BRANCH ADDRESS CITY / REGENCY
Maluku
Ambon Perumahan Citraland The Arkade Ambon
Blok 06–07
Jl. Wolter Monginsidi
Kel. Lateri, Kec. Baguala
Maluku Tengah Jl. Abdullah Soulissa No. 20 Masohi
RT 02 / RW 03
Kel. Namaelo, Kec. Amahai
North Maluku
Ternate Jl. Cempaka I No. 342 Ternate
RT 013, RW 03
Kel. Tanah Tinggi, Kec. Ternate
Selatan
Tobelo Jl. KemaKMuran Desa Halmahera Utara
Rawajaya, Kec. Tobelo
West Papua
Manokwari Jl. Trikora Wosi, Ruko No. 3 Manokwari
RT 01 / RW 12
Kel. Wosi, Kec. Manokwari Barat
Southwest Papua
Sorong Jl. Basuki Rahmat KM. 8 Sorong
RT 01 / RW 08
Kel. Klabulu, Kec. Malaimsimsa
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MALUKU & PAPUA
BRANCH ADDRESS CITY / REGENCY
Papua
Biak Numfor Jl. Selat Sunda No. 07, Fandoi, Biak Biak Numfor
Jayapura Komplek Ruko No. 11–12 Jayapura
Jl. Amphibi Hamadi Kel. Argapura,
Kec. Jayapura Selatan
Central Papua
Nabire Jl. Merdeka No. 69 Nabire
Kel. Karang Mulia, Kec. Nabire
South Papua
Merauke Ruko Parako No. 03 Merauke
Jl. Parakomando, RT 001 / RW 001
Kel. Mandala, Kec. Merauke
POS
JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Jakarta Special Region
Blok M Square Jl. Melawai 5 Jakarta Selatan
RT 3, RW 1
Melawai, Kec. Kby. Baru
Condet Jl. Raya Condet Jakarta Timur
RT 8, RW 3
Kel. Batu Ampar, Kec. Kramat Jati
Duri Kosambi Jl. Raya Duri Kosambi Jakarta Barat
RT 6, RW 1
Kel. Duri Kosambi, Kec. Cengkareng
Jatimulya Jl. Raya Jatimulya Bekasi
RT 005, RW 006
Kel. Jatimulya, Pengasinan, Kec.
Tambun Selatan
Kapuk Raya Jl. Kapuk Raya No. 1A Jakarta Barat
RT 10, RW 5
Kel. Kapuk, Kec. Cengkareng
Kramat Jati Jl. Raya Bogor Jakarta Timur
RT 001, RW 008
Kel. Kramat Jati, Kec. Kramat Jati
KS Tubun Jl. KS Tubun I No.36 Jakarta Barat
RT 3, RW 2
Kota Bambu Selatan, Kec. Palmerah
Lapangan Tembak Jl. Lapang Tembak Cibubur No. 44 Jakarta Timur
RT 3, RW 4
Kel. Pekayon, Kec. Pasar Rebo
Letjen Suprapto Jl. Letjen Suprapto Jakarta Pusat
RT 006,RW 003
Kel. Cempaka Baru, Kec. Kemayoran
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JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Mangga Jl. Mangga No. 3B Jakarta Utara
RT 001, RW 03
Kel. Tugu Utara, Kec. Koja
Matraman Galur Sari Raya No. 26A Blok R Jakarta Timur
RT 02 / RW 01
Kel. Utan Kayu Selatan, Kec.
Matraman
Meruya Selatan Jl. Meruya Selatan No. 34 C Jakarta Barat
RT 1, RW 2
Kel. Meruya Selatan, Kec.
Kembangan
Moch Kahfi II Jl. Moch. Kahfi II Jakarta Selatan
Kel. Cipedak Jagakarsa
Pahlawan Revolusi Jl. Pahlawan Revolusi, No. 6A Jakarta Timur
RT 5, RW 12
Kel. Pd. Bambu, Kec. Duren Sawit
Pasar Rebo Jl. Raya PKP No. 69 Jakarta Timur
RT 10 / RW 08
Kel. Kelapa Dua Wetan, Kec. Ciracas
Penggilingan Raya Jl. Raya Penggilingan 39B Jakarta Timur
RT 4, RW 6
Kel. Penggilingan, Kec. Cakung
Percetakan Negara Jl. Percetakan Negara II No.14 Jakarta Pusat
RT 11, RW 6
Kel. Johar Baru, Kec. Johar Baru
Permata Meruya Jl. Permata Meruya 1 Jakarta Barat
RT 2, RW 2
Kel. Meruya Utara, Kec. Kembangan
Peta Barat Jl. Peta Barat Jakarta Barat
Kel. Pegadungan, Kec. Kalideres
Pusdiklat Depnaker Jl. Pusdiklat Depnaker Jakarta Timur
RT 9, RW 6
Kel. Makasar, Kec. Makasar
Serengseng Raya Jl. Srengseng Raya No. 248 Jakarta Barat
Kel. Srengseng, Kec. Kembangan
Kota
Tebet Gedung Regatama Blok A No. 106 Jakarta Selatan
Jl. Pariaman Kel. Manggarai,
Kec. Setiabudi
Banten
Aria Putra Jl. Aria Putra Tangerang Selatan
Kel. Serua Indah, Kec. Ciputat
Batuceper Jl. Raya Poris Indah RT 02 / RW 03 Tangerang
Kel. Poris Indah, Kec. Batuceper
Ceger Raya Jl. Ceger Raya Tangerang Selatan
Kel. Jurang Manggu Timur,
Kec. Pondok Aren
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Sustainability Corporate Data Appendices
Governance Statements
JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Cibodas Baru Jl. Prambanan Raya No 3 Tangerang
RT 008, RW 009
Kel. Cibodas Baru, Kec. Cibodas
Ciledug H. Mencong Jl. H. Mencong No.135 Tangerang
RT 002, RW 011
Kel. Paninggilan Utara, Kec. Ciledug
Ciledug Raden Fatah Jl. Raden Fatah No. 01 Tangerang
RT 001, RW 010
Kel. Parung Serab, Kec. Ciledug
Ciledug Raden Fatah 2 Jl. Raden Fatah No. 17 Tangerang
RT .001, RW. 009
Kel. Sudimara Sel., Kec. Ciledug
Ciputat Timur Jl. W.R. Supratman No. 3 Tangerang Selatan
RT 01 / RW 08
Kel. Cempaka Putih, Kec. Ciputat
Timur
Gatot Subroto Jl. Gatot Subroto Tangerang
Kel. Cimone, Kec. Karawaci
Hos Cokroaminoto Jl. HOS Cokroaminoto No. 53 Tangerang
RT 003, RW 004
Kel. Larangan Indah, Kec. Larangan
Jatiuwung Jl. Raya Gatot Subroto Tangerang
Kp. Jatake, RT 006 / RW 002
Kel. Jatake, Kec. Jatiuwung
Kelapa Dua Raya Jl. Kelapa Dua Raya No. 87 Tangerang
Kel. Kelapa Dua, Kec. Kelapa Dua
KH. Hasyim Ashari Jl. KH. Hasyim Ashari Tangerang
Kel. Poris Plawad Indah, Kec.
Cipondoh
KH. Hasyim Ashari 2 Jl. KH Hasyim Ashari Tangerang
RT 001, RW 11
Kel Padurenan, Kec. Karang Tengah
KH Wahid Hasyim Jl. KH. Wahid Hasyim Tangerang Selatan
RT 006, RW 05
Kel. Jurang Mangu Timur,
Kec. Pondok Aren
Larangan Jl. Inpres 14 No. 1 RT 03 / RW 04 Tangerang
Kel. Gaga, Kec. Larangan
Pamulang Barat Jl. Surya Kencana No. 46 B Tangerang Selatan
RT 001, RW 005
Kel. Pamulang Barat, Kec. Pamulang
Pasar Kemis Jl. Raya Ps. Kemis Tangerang
Kel. Gelam Jaya. Kec. Pasar Kemis
PLP Curug Raya Jl. Raya Cukanggalih Tangerang
Kel. Cukang Galih, Kec. Curug
Pondok Aren Jl. Raya Pondok Aren Tangerang Selatan
RT 003, RW 001
Kel. Pondok Aren, Kec. Pondok Aren
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Highlights and Analysis
JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Pondok Benda Jl. Raya Pamulang Permai 2 Blok B Tangerang Selatan
No. 9, Benda Barat IV,
Kel. Pondok Benda, Kec. Pamulang
Serang Raya Jl. Raya Serang KM. 15 Tangerang
Kel. Citra Raya, Kec. Cikupa
Serpong Utara Jl. Jelupang Raya No. 14 RT 003, RW Tangerang Selatan
002
Kel. Lengkong Karya, Kec. Serpong
Utara
West Java
A.H. Nasution Jl. AH. Nasution Bandung
Kel. Sukamiskin, Kec. Arcamanik
Bintara Jl. Bintara Bekasi
RT 002, RW 006
Kel. Bintara, Kec. Bekasi Barat
Bogor Utara Jl. KS. Tubun RT 1 / RW 3, No. 141 Bogor
Kel. Cibuluh, Kec. Bogor Utara
Bojong Gede Gelonggong Tengah RT 04 / RW 07 Bogor
Kel. Kedungwaringin,
Kec. Bojonggede
Bojongsoang Raya Jl. Raya Bojongsoang No. 169 Bandung
Kel. Lengkong, Kec. Bojongsoang
Bosih Raya Jl. Bosih Raya Bekasi
Kel. Wanasari, Kec. Cibitung
Ciawi Prapatan Raya Jl. Perempatan Pasar Ciawi Bogor Bogor
RT 03, RW 06
Kel. Harjasari, Kec. Bogor Selatan
Cibaduyut Jl. Cibaduyut No.181 Bandung
Kel. Cibaduyut, Kec. Bojongloa Kidul
Cikarang Raya Jl. Raya Cikarang - Cibarusah Bekasi
Kel. Sukaresmi, Kec. Cibitung
Ciomas Jl. Raya Ciomas Bogor
Kel. Ciomas, Kec. Ciomas
Cipayung Jl. Raya Cipayung No. 16 Depok
RT 003, RW 003
Kel. Cipayung Jaya, Kec. Cipayung
Cipendawa Baru Jl. Cipendawa Baru Bekasi
Kel. Bojong Menteng,
Kec. Rawalumbu
Ciputat Parung Jl. Raya Ciputat Parung No.84 Depok
Kel. Bojongsari Baru, Kec. Bojongsari
Ciremai Raya Jl. Ciremai Raya No. 276 Cirebon
Kel. Kecapi, Kec. Harjamukti
Dr. Ratna Jl. Dr. Ratna No. 49 Bekasi
RT 001, RW 001
Kel. Jatibening, Kec. Pondok Gede
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Sustainability Corporate Data Appendices
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JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Gadobangkong Raya Jl. Raya Gadobangkong No. 35 Bandung Barat
Kel. Gadobangkong, Kec. Ngamprah
H. Asmawi Jl. H. Asmawi Depok
Kel. Beji, Kec. Beji
Hankam Raya Jl. Raya Hankam No. 159 C Bekasi
RT 003, RW 07
Kel. Jatirahayu, Kec. Pondok Melati
HJ Muchtar Tabrani Jl. K. Haji Muchtar Tabrani Bekasi
RT 003, RW 001
Kel. Perwira, Kec. Bekasi Utara
Jatimekar Raya Jl. Raya Jatimekar No. 8 Bekasi
RT 001, RW 017
Kel. Jatimekar, Kec. Jatiasih
Jatiwaringin Raya Jl. Raya Jatiwaringin No. 320 Bekasi
RT 003, RW 006
Kel. Jaticempaka, Kec. Pondok Gede
Kamasan Banjaran Raya Jl. Raya Soreang - Banjaran No. 237 Bandung
Kel. Kamasan, Kec. Banjaran
Kapten Yusuf Jl. Kapten Yusuf 12 Bogor
RT 06, RW 05
Kel. CikaretKec. Bogor Selatan
Karang Bahagia Kp. Sukamantri RT 06 / RW 01 Bekasi
Desa Sukaraya, Kec. Karang Bahagia
Kasuari Raya Jl. Kasuari Raya No. 154 Bekasi
RT 006, RW 002
Kel. Kayuringin Jaya, Kec. Bekasi
Selatan
Keadilan Raya Jl. Keadilan Raya Depok
RT 1, RW 14
Kel. Abadijaya, Kec. Sukmajaya
Klari Jl. Raya Telagasari - Kosambi Karawang
Kel. Belendung, Kec. Klari
Kodau Raya Jl. Raya Kodau No. 9 Bekasi
RT 002, RW 003
Kel. Jatimekar, Kec. Jatiasih
Mayjend Ishak Djuarsa Jl. Mayjend Ishak Djuarsa Bogor
Kel. Gunungbatu, Kec. Bogor Barat
Muchtar Raya Jl. Muchtar Raya, Depok
RT 003, RW 004
Kel. Sawangan Baru, Kec. Sawangan
Padalarang Raya Jl. Raya Padalarang Bandung Barat
Kel. Kertamulya, Kec. Padalarang
Pekayon Raya Jl. Raya Pekayon No. 8 Depan Bekasi
Komplek Depnaker
RT 001, RW 017
Kel. Jaka Setia, Kec. Bekasi Selatan
Pemuda Kranji Jl. Pemuda Kranji No. 90 Bekasi
RT 002, RW 004
Kel. Kranji, Kec. Bekasi Barat
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Highlights and Analysis
JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
Plered Raya Jl. Raya Cirebon – Bandung No. 97 Cirebon
RT. 001, RW. 006
Kel. Weru Kidul, Kec. Weru
Proklamasi Jl. Proklamasi Karawang
Tanjungmekar, Kec. Karawang Barat
Purwakarta Antapani Jl. Purwakarta No. 77 Bandung
RT 001, RW 007
Kel. Antapani Tengah, Kec. Antapani
Rawalumbu Jl. Pengasinan, RT 002 / RW 001 Bekasi
Kel. Pengasinan Jaya,
Kec. Rawalumbu
Raya Bogor Jl. Raya Bogor No. 32 A Depok
Kel. Cisalak Ps., Kec. Cimanggis
Rengasdengklok Jl. Raya Rengasdengklok Karawang
RT 046, RW 010
Kel. Rengasdengklok Selatan, Kec.
Rengasdengklok
Sultan Agung Jl. Sultan Agung Bekasi
RT 001, RW 04
Kel. Kali Baru, Kec. Medan Satria
Teluk Jambe Raya Jl. Raya Telukjambe Karawang
Kel. Telukjambe, Kec. Telukjambe
Timur
Tuparev Jl. Tuparev Karawang
Kel. Karawang Wetan,
Kec. Karawang Timur
East Java
Driyorejo Jl. Raya Driyorejo No. 127 Gresik
Kel. Driyorejo
Malang – Kepanjen Ruko C Dusun Malang
Jl. Raya Dawuhan, Ds Dawuhan
Kel. Jatirejoyoso, Kec. Kepanjen
Menganti Jl. Raya Bringkang, RT 003 / RW 002 Gresik
Kec. Menganti
Mojosari Jl. Airlangga Nomor 91B Mojokerto
RT 004 / RW 001
Desa Kauman, Kec. Mojosari
Porong Jl. Joyo Leksono Sidoarjo
RT 2 / RW 2
Ds. Lajuk Porong, Kec. Porong
Rungkut Jl. Rungkut Alang - Alang No. 59 Surabaya
Kel. Kali Rungkut, Kec. Rungkut
Taman Ruko Graha Matahari Blok C1–3 Sidoarjo
Kel. Bebekan Timur, Kec. Taman
Central Java
Gajah Raya Jl. Gajah Raya Semarang
Kel. Sambirejo, Kec. Gayamsari
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JAVA, BALI & NUSA TENGGARA
POS ADDRESS CITY / REGENCY
HR Bunyamin Jl. Hr. Bunyamin No. 75 Pakembaran, Banyumas
Kel. Bancarkembar, Kec. Purwokerto
Utara
Jati Raya Jl. Jati Raya No. 17 Semarang
Kel. Pedalangan, Kec. Banyumanik
Kedungmundu Jl. Kedungmundu No. 140 Semarang
Kel. Tandang, Kec. Tembalang
Nogososro Jl. Nogososro No. 2 Semarang
RT 005, RW 012
Kel. Tlogosari Kulon, Kec.
Pedurungan
Soekarno Hatta Jl. Soekarno Hatta, Perum Singatara Semarang
Kel. Palebon, Kec. Pedurungan
Special Region of Yogyakarta
Gedongkuning Jl. Gedongkuning No. 173 Yogyakarta
Pringgolayan, Kel. Banguntapan,
Kec. Banguntapan
Kaliurang Raya Jl. Kaliurang No. KM. 7 Sleman
Babadan Baru, Condongcatur, Kec.
Depok
Menteri Supeno Jl. Menteri Supeno No. 96, Sorosutan Yogyakarta
Pandeyan, Kec. Umbulharjo
SUMATRA
POS ADDRESS CITY / REGENCY
North Sumatra
Medan Timur Jl. Gunung Krakatau No. 41 A Medan
Kel. Glugur Darat II, Kec. Medan
Timur
KALIMANTAN
POS ADDRESS CITY / REGENCY
West Kalimantan
Pontianak Timur Jl. Tanjung Raya 2 No. 99 Pontianak
RT 004 / RW 002
Kel. Saigon, Kec. Pontianak Timur
South Kalimantan
Alalak Jl. Handil Bakti RT 9 Barito Kuala
Kel. Handil Bakti, Kec. Alalak
Barabai Jl. H Abdul Muis Ridhani No. 42 Hulu Sungai Tengah
RT XI / RW 004
Kel. Barabai Timur, Kec. Barabai
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Highlights and Analysis
SULAWESI
POS ADDRESS CITY / REGENCY
North Sulawesi
Airmadidi Jl. Raya Manado Bitung Minahasa Utara
RT 001 / RW 001
Kel. Sarongsong Dua, Kec. Airmadidi
Bolaang / Inobonto Jl. AKD Trans Sulawesi Lingkungan Bolaang Mongondow
VII
Kel. Inobonto I, Kec. Bolaang
Tuminting Jl. Pogidon Raya No. 103 Manado
Kel. Tumumpa Satu Lingk I
Kec. Tuminting
Gorontalo
Limboto Jl. K. H. Wahid Hasyim, Gorontalo
RT 008 / RW 03 Desa Kayubulan,
Kec. Limboto
MALUKU & PAPUA
POS ADDRESS CITY / REGENCY
Maluku
Nusaniwe Jl. Dr Sitanala (Batu Gantung) Ambon
RT 003, RW 001
Kel. Wainitu, Kec. Nusaniwe
Southwest Papua
Aimas Jl. Buncis RT 09 / RW 11 Sorong
Kel. Walawele, Kec. Aimas
SHARIA REPRESENTATIVE BRANCHES
JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
DKI Jakarta
Jakarta Meruya Syariah Jl. Lapangan Bola No. 1–1A Jakarta Barat
Kel. Kebon Jeruk, Kec. Kebon Jeruk
Jakarta Sunter Syariah Rukan Puri Mutiara Blok A No. 80 Jakarta Utara
Jl. Utama Griya, Sunter
Jakarta Utara Syariah Rukan Grand Orchard Square Blok Jakarta Utara
C/20
Jl. Terusan Kelapa Hybrida
Kel. Sukapura, Kec. Cilincing
Jakarta Timur Syariah Jl. Dewi Sartika No. 292F Jakarta Timur
RT 004 / RW 005
Kel. Cawang, Kec. Kramat Jati
Jakarta Selatan Syariah Komplek Pertokoan Duta Mas Jakarta Selatan
Blok B2 No. 7
Jl. R.S. Fatmawati
Kel. Cipete, Kec. Kebayoran Baru
Tangerang Syariah Jl. Imam Bonjol No. 279–281 Tangerang
RT 01 / RW 04
Kel. Bojong Jaya, Kec. Karawaci
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Sustainability Corporate Data Appendices
Governance Statements
JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Tangerang Selatan Syariah Ruko Bidex Blok F No. 18 Tangerang Selatan
Jl. Pahlawan Seribu
RT 001 / RW 004
Kel. Lengkong Gudang, Kec.
Serpong
Bekasi Syariah Kompleks Ruko Suncity Square Bekasi
Blok A No. 46–47
Jl. Mayor Hasibuan, Margajaya
Bogor Syariah Jl. Raya Tajur No. 118E–F Bogor
RT 001 / RW 006
Kel. Pakuan, Kec. Bogor Selatan
Cirebon Syariah Jl. Tuparev No. 115A Cirebon
Desa Kertawinangun
Kec. Kedawung
Depok Syariah Ruko Margonda Residen No. 12A–14 Depok
Jl. Margonda Raya Kav. 461
Bandung Syariah Jl. SoekarNo. Hatta No. 472 Bandung
Kel. Batu Nunggal, Kec. Bandung
Kidul
Sukabumi Syariah Jl. Brawijaya No. 4 RT 02 / RW 12 Sukabumi
Kel. Sriwidari, Kec. Gunung Puyuh
Tasikmalaya Syariah Kompleks Pertokoan Plaza Asia Tasikmalaya
Blok B No. 12A
Jl. H.Z. Mustofa
Kel. Tugujaya, Kec. Cihideung
Karawang Syariah Jl. Jendral Ahmad Yani No. 73 Bypass Karawang
RT 04 / RW 12
Kel. Karangpawitan, Kec. Karawang
Barat
Purwokerto Syariah Jl. Gerilya Timur No. 35 Purwokerto
Ruko No. 3 Kel. Teluk,
Kec. Purwokerto Selatan
Semarang Syariah Jl. Raya Kedungmundu Semarang
RT 01 / RW 25
Kel. Sendangmulyo, Kec. Tembalang
Kudus Syariah Jl. Ahmad Yani Kudus
Ruko Bitingan Indah B-07 & B-08
Kel. Panjunan, Kec. Kota Kudus
Solo Syariah Jl. R.M. Said No. 160C Surakarta
RT 002 / RW 003
Kel. Punggawan, Kec. Banjarsari
Yogyakarta Syariah Ruko Monjali Permai Kav. 2 Sleman
Jl. Monjali RT 011 / RW 034
Desa Sinduadi, Kec. Mlati
Surabaya Syariah Jl. Ngagel Jaya No. 39 Surabaya
Kel. Pucung Sewu, Kec. Gubeng
Gresik Syariah Ruko Green Garden Regency A2-03 Gresik
& A2-04
Desa Dahanrejo, Kec. Kebomas
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Highlights and Analysis
JAVA, BALI & NUSA TENGGARA
BRANCH ADDRESS CITY / REGENCY
Kediri Syariah Kompleks Pertokoan Hayam Wuruk Kediri
Trade Center Blok C No. 8
Jl. Hayam Wuruk
Malang Syariah Jl. R. Tumenggung Suryo No. 42, Malang
Kavling B, C, D
Kel. Bunulrejo, Kec. Blimbing
Mojokerto Syariah Ruko Kranggan Permai Blok A 05–06 Mojokerto
Jl. Pahlawan Kel. Kranggan,
Kec. Prajurit Kulon
Sidoarjo Syariah Ruko Gateway Blok C-1 & C-2 Sidoarjo
Jl. Raya Waru (Aloha)
Desa Sawotratap, Kec. Gedangan
Mataram Syariah Jl. Brawijaya No. 22–24 Mataram
RT 02, Lingk. Karang Kelebut
Kel. Cakranegara Selatan,
Kec. Cakranegara
SUMATRA
BRANCH ADDRESS CITY / REGENCY
Medan Syariah Jl. Ir. H. Djuanda No. 26 Medan
Lingkungan IV
Kel. Sukadamai, Kec. Medan Polonia
Padang Syariah Jl. By Pass No. KM. 12 Padang
Kel. Sungai Sapih, Kec. Kuranji
Batam Syariah Komp Bumi Riau Makmur Blok A Batam
No. 9
Jl. Laksamana Bintan
Kel. Sei Panas, Kec. Batam Kota
Bukittinggi Syariah Jl. Raya Kapas Panji No. 49B Agam
Kel. Jambu Air, Kec. Banuhampu
Pekanbaru Syariah Jl. Setiabudi No. 88–89A Pekanbaru
Kel. Rintis, Kec. Lima Puluh
Jambi Syariah Jl. Prof. M. Yamin S.H. No. 65–66 Jambi
RT 29 Kel. Lebak Bandung,
Kec. Jelutung
Palembang Syariah Kompleks Ruko Rajawali No. B3–B4 Palembang
RT 016, RW 012 Kel. 9 Ilir,
Kec. Ilir Timur II
Lampung Syariah Jl. Gajah Mada No. 55 Kel. Kota Baru, Bandar Lampung
Kec.Tanjung Karang Timur
KALIMANTAN
BRANCH ADDRESS CITY / REGENCY
Pontianak Syariah Jl. M. Sohor No. 45 RT 05 / RW 02 Pontianak
Kel. Akcaya, Kec. Pontianak Selatan
Palangkaraya Syariah Jl. RTA Milono KM. 3,5 No. 6–7 Palangkaraya
Kel. Menteng, Kec. Jekan Raya
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Governance Statements
KALIMANTAN
BRANCH ADDRESS CITY / REGENCY
Banjarmasin Syariah Jl. A. Yani KM. 7,8 No. 30 Banjarmasin
Kel. Manarap Lama,
Kec. Kertak Hanyar
Samarinda Syariah Jl. D.I. Panjaitan, Ruko No. 5–6 Samarinda
Kel. Sungai Pinang Dalam
Kec. Samarinda Utara
Balikpapan Syariah Jl. Jenderal Sudirman No. 14/295 Balikpapan
RT 06 Kel. Damai,
Kec. Balikpapan Selatan
SULAWESI
BRANCH ADDRESS CITY / REGENCY
Gorontalo Syariah Jl. Agus Salim No. 290 Gorontalo
Kel. Wumialo, Kec. Kota Tengah
Makassar Syariah Jl. Hertasning Baru (Aeropala) Makassar
Kel. Karunrung, Kec. Rappocini
Kendari Syariah Jl. Brigjend. Moh. Yunus Kendari
Kel. Bende, Kec. Baruga
MALUKU & PAPUA
BRANCH ADDRESS CITY / REGENCY
Ternate Syariah Jl. Cempaka I Nomor 342 Ternate
RT 013 / RW 03 Kel. Tanah Tinggi,
Kec. Ternate Selatan
Jl. Basuki Rahmat KM. 8
Sorong Syariah RT 01 / RW 08 Sorong
Kel. Klabulu, Kec. Malaimsimsa
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
GLOSSARY
Asosiasi Emiten Indonesia (Indonesian Extraordinary General Meeting
AEI EGMS
Public-Listed Companies Association) of Shareholders
Annual General Meeting Enterprise Risk Management
AGMS ERMA
of Shareholders Academy
Anti-Money Laundering, Combating ESG Environmental, Social, and Governance
AML-CFT- the Financing of Terrorism, and
EV Electric Vehicle
CPF Counter-Proliferation Financing of
Weapons of Mass Destruction FAR Financing-to-Asset Ratio
Asosiasi Pengusaha Indonesia PT Finansial Integrasi Teknologi
APINDO FIT
(Indonesian Employers’ Association) (subsidiary)
Asosiasi Perusahaan Pembiayaan Gabungan Industri Kendaraan
APPI Indonesia (Indonesian Financial GAIKINDO Bermotor Indonesia (The Association
Services Association or IFSA) of Indonesia Automotive Industries)
BFIN BFI Finance ticker symbol GCG Good Corporate Governance
Bank Indonesia, Business Intelligence GDP Gross Domestic Product
BI
(Power BI)
GENCARKAN National Financial Literacy Movement
Bulan Inklusi Keuangan (Financial
BIK GJ Gigajoule
Inclusion Month)
GMS General Meeting of Shareholders
BOC Board of Commissioners
G.R.E.A.T. Company Core Values
BOD Board of Directors
HC Human Capital
BOM Board of Management
HR Human Resources
Badan Penyelenggara Jaminan
BPJS Sosial (Social Security Administration Ikatan Akuntan Indonesia (Institute of
IAI
Agency) Indonesia Chartered Accountants)
Badan Penyelesaian Sengketa Ikatan Akuntan Publik Indonesia
BPSK Konsumen (Consumer Dispute IAPI (Indonesian Institute of Certified
Settlement Agency) Public Accountants)
Bumi Serpong Damai (a city area in Indonesia Stock Exchange (Bursa Efek
BSD IDX
South Tangerang, Banten Province) Indonesia or BEI)
Badan Sertifikasi Manajemen Risiko Indeks Harga Saham Gabungan
BSMR IHSG
(Risk Management Certification Body) (Composite Share Price Index)
CBD Central Business District International Financial Reporting
IFRS
Standards
CO₂ carbon dioxide
International Integrated Reporting
CSR Corporate Social Responsibility IIRC
Council
DF Dealer Financing Industri Keuangan Non-Bank (Non-
IKNB
Daerah Khusus Ibukota (Special Bank Financial Institutions)
DKI
Capital Region of Jakarta) Ijarah Muntahiyah Bittamlik
IMBT
Dewan Standar Akuntansi Keuangan (Islamic Lease Agreement)
Ikatan Akuntan Indonesia (Financial IR Integrated Reporting
DSAK IAI Accounting Standards Board of the
Institute of Indonesia Chartered Interpretasi Standar Akuntansi
Accountants) ISAK Keuangan(Interpretation of Financial
Accounting Standards)
Dewan Syariah Nasional-Majelis Ulama
DSN-MUI Indonesia (National Sharia Board- International Organization for
ISO
Indonesian Ulema Council) Standardization
Electronic-General Meeting of IT Information Technology
e-GMS
Shareholders KPI Key Performance Indicator
308 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
Kustodian Sentral Efek QR Quick Response (QR code)
KSEI Indonesia (Indonesian Central
Rencana Aksi Keuangan
Securities Depository)
RAKB Berkelanjutan (Sustainable Finance
kWh kilowatt-hour Action Plan)
Lembaga Alternatif Penyelesaian RI Republic of Indonesia
Sengketa Sektor Jasa Keuangan
ROA Return on Assets
LAPS SJK (Alternative Institution for Dispute
Resolution in the Financial Services ROE Return on Equity
Sector) Rp Rupiah
Lembaga Sertikasi Profesi (Professional
LSP S.H. Sarjana Hukum (Bachelor of Law)
Certification Body)
SBU Sharia Business Unit
m³ cubic meter
SDGs Sustainable Development Goals
MCB Mandatory Convertible Bond
Sekolah Dasar Negeri (Public
Magister Kenotariatan SDN
M.Kn. Elementary School)
(Master of Notary Affairs)
Surat Edaran Otoritas Jasa Keuangan
M.H. Magister Hukum (Master of Law)
SEOJK (Financial Services Authority Circular
M-BEAT Mobile BFI Edustream and Training or OJK Circular)
Management and Employee Stock Statement of Financial Accounting
MESOP SFAS
Ownership Program Standards
MIS Management Information System SIC Service Insight Community
MPV Multipurpose Vehicle Sistem Informasi Terduga Pendanaan
SIPENDAR Terorisme (Information System for
MSMEs Micro, Small, and Medium Enterprises
Suspected Terrorism Financing)
MTN Medium Term Notes
Sistem Informasi Penggunaan Jasa
NDF Non-Dealer Financing SIPESAT Terpadu (Integrated Service Usage
Information System)
NPF Non-Performing Financing
SK Surat Keputusan (Decree)
Occupational Health and Safety
OHSMS
Management System SLA Service Level Agreement
Otoritas Jasa Keuangan (Financial Sistem Layanan Informasi Keuangan
OJK SLIK
Services Authority) (Financial Information Service System)
P2P Peer-to-peer SMS Short Message Service
PBF Property-Backed Financing SOP Standard Operating Procedure
PMO Project Management Office SSB Sharia Supervisory Board
Peraturan Otoritas Jasa Keuangan TBA To be announced
POJK (Financial Services Authority
TC SARL Trinugraha Capital
Regulation or OJK Regulation)
TCC Trinugraha Capital & Co SCA
Pusat Pelaporan dan Analisis Transaksi
PPATK Keuangan (Financial Transaction Tanda Daftar Penyelenggara Sistem
Reporting and Analysis Center) TDPSE Elektronik (Electronic System Operator
Registration Certificate)
Pendidikan Profesional Berkelanjutan
PPL
(Continuing Professional Education) UBO Ultimate Beneficial Owner
Pusat Pembinaan Profesi Keuangan US United States of America
PPPK (Financial Profession Development
USD United States dollar
Center)
Undang-Undang Perseroan Terbatas
Pernyataan Standar UU PT
(Law on Limited Liability Companies)
PSAK Akuntansi Keuangan(Statements of
Financial Accounting Standards) VAT Value-Added Tax
Perseroan Terbatas (Limited Liability
PT
Company)
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 309
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Annual Financial
Statements
310 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 311
Page 312
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
PT BFI FINANCE INDONESIA Tbk
DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARY
LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025/
FOR THE YEAR ENDED 31 DECEMBER 2025
DAN/AND
LAPORAN AUDITOR INDEPENDEN/
INDEPENDENT AUDITORS’ REPORT
312 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
DAFTAR ISI CONTENTS
Pernyataan Direksi Directors’ Statement
Ekshibit/
Exhibit
Laporan Posisi Keuangan Konsolidasian A Consolidated Statement of Financial Position
Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statement of Profit or Loss and
Lain Konsolidasian B Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian C Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian D Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian E Notes to the Consolidated Financial Statements
Informasi Tambahan Entitas Induk F Additional Information on the Parent Entity
Laporan Auditor Independen Independent Auditors’ Report
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 313
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
PT BFI FINANCE INDONESIA TBK DAN ENTITAS ANAKNYA
SURAT PERNYATAAN DIREKSI
TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN KONSOLIDASIAN
PADA TANGGAL 31 DESEMBER 2025
SERTA UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025/
PT BFI FINANCE INDONESIA TBK AND ITS SUBISIDIARY
BOARD OF DIRECTORS’ STATEMENT
REGARDING TO THE RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS
AS OF 31 DECEMBER 2025
AND FOR THE YEAR ENDED 31 DECEMBER 2025
Kami, yang bertanda tangan di bawah ini: We, the undersigned:
1. Nama/Name : Sutadi
Alamat Kantor/Office Address : BFI Tower - Sunburst CBD Lot 1.2
Jalan Kapten Soebijanto Djojohadikusumo, BSD City, Tangerang
Selatan, 15322
Alamat Rumah/Residential Address : Taman Mediteranean, Jalan Telaga Warna No. 26, Lippo, RT 006 RW 008,
Bencongan Indah, Kelapa Dua, Tangerang, Banten
Telepon/Telephone : 021 - 2965 0300, 2965 0500
Jabatan/Title : Presiden Direktur/President Director
2. Nama/Name : Sudjono
Alamat Kantor/Office Address : BFI Tower - Sunburst CBD Lot 1.2
Jalan Kapten Soebijanto Djojohadikusumo, BSD City, Tangerang
Selatan, 15322
Alamat Rumah/Residential Address : Taman Provence, Blok 3 A9 No. 36 RT 002 RW 025, Kelurahan Lengkong
Wetan, Kecamatan Serpong, Tangerang Selatan
Telepon/Telephone : 021 - 2965 0300, 2965 0500
Jabatan/Title : Direktur Keuangan/Finance Director
menyatakan bahwa: declare that:
1. Kami bertanggung jawab atas penyusunan dan penyajian 1. We are responsible for the preparation and presentation of
laporan keuangan konsolidasian PT BFI Finance Indonesia PT BFI Finance Indonesia Tbk and Its Subsidiary’s consolidated
Tbk dan Entitas Anaknya; financial statements;
2. Laporan keuangan konsolidasian PT BFI Finance Indonesia 2. PT BFI Finance Indonesia Tbk and Its Subsidiary’s consolidated
Tbk dan Entitas Anaknya telah disusun dan disajikan financial statements have been prepared and presented in
sesuai dengan Standar Akuntansi Keuangan di Indonesia; accordance with the Indonesian Financial Accounting Standards;
3. a. Semua informasi dalam laporan keuangan 3. a. All information contained in PT BFI Finance Indonesia Tbk
konsolidasian PT BFI Finance Indonesia Tbk dan and Its Subsidiary’s consolidated financial statements have
Entitas Anaknya telah dimuat secara lengkap dan been disclosed in a complete and truthful manner;
benar;
b. Laporan keuangan konsolidasian PT BFI Finance b. PT BFI Finance Indonesia Tbk and Its Subsidiary’s
Indonesia Tbk dan Entitas Anaknya tidak mengandung consolidated financial statements do not contain misleading
informasi atau fakta material yang tidak benar, dan material information or facts, nor do they omit information
tidak menghilangkan informasi atau fakta material; or material fact;
4. Kami bertanggung jawab atas sistem pengendalian 4. We are responsible for PT BFI Finance Indonesia Tbk and Its
internal dalam PT BFI Finance Indonesia Tbk dan Entitas Subsidiary’s internal control system.
Anaknya.
Demikian pernyataan ini dibuat dengan sebenarnya. Thus this statement is made truthfully.
Atas nama dan mewakili Direksi/For and on behalf of Board of Directors
Tangerang Selatan, 5 Maret 2026/South Tangerang, 5 March 2026
Sutadi Sudjono
Presiden Direktur/President Director Direktur Keuangan/Finance Director
314 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit A Exhibit A
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION
PER 31 DESEMBER 2025 AS OF 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
ASET ASSETS
KAS DAN SETARA KAS 2e,f,4 1.552.212 1.614.126 CASH AND CASH EQUIVALENTS
PIUTANG PEMBIAYAAN FINANCING RECEIVABLES
– setelah dikurangi cadangan kerugian – net of allowance for Impairment
penurunan nilai sebesar Rp 980.631 losses of Rp 980,631
dan Rp 814.604 pada tanggal 2e,h,i,j and Rp 814,604 as of
31 Desember 2025 dan 2024 5 22.394.470 22.012.814 31 December 2025 and 2024
PIUTANG IJARAH DAN IMBT IJARAH AND IMBT RECEIVABLES
– setelah dikurangi cadangan kerugian – net of allowance for impairment
penurunan nilai sebesar Rp 3.270 dan Rp 3.012 losses of Rp 3,270 and Rp 3,012
pada tanggal 31 Desember 2025 dan 2024 2e,k,o,6 90.784 83.597 as of 31 December 2025 and 2024
PIUTANG LAIN-LAIN OTHER RECEIVABLES
– PIHAK KETIGA 2e,l,7 314.270 292.500 – THIRD PARTIES
ASET TETAP FIXED ASSETS
– setelah dikurangi akumulasi penyusutan - net of accumulated depreciation of
sebesar Rp 769.678 dan Rp 695.356 pada Rp 769,678 and Rp 695,356
tanggal 31 Desember 2025 dan 2024 2p,10 667.987 672.545 as of 31 December 2025 and 2024
BEBAN DIBAYAR DI MUKA DAN PREPAID EXPENSES AND
UANG MUKA 2n,9 25.209 20.139 ADVANCES
ASET DERIVATIF 2e,m,x,8 83.105 27.654 DERIVATIVE ASSETS
ASET HAK-GUNA RIGHT-OF-USE ASSETS
- setelah dikurangi akumulasi penyusutan - net of accumulated depreciation of
sebesar Rp 32.259 and Rp 33.518 pada Rp 32,259 and Rp 33,518 as of
tanggal 31 Desember 2025 dan 2024 2q,11 45.985 43.257 31 December 2025 and 2024
ASET TAK BERWUJUD INTANGIBLE ASSETS
– setelah dikurangi akumulasi amortisasi - net of accumulated amortization of
sebesar Rp 278.228 dan Rp 228.027 pada Rp 278,228 and Rp 228,027 as of
tanggal 31 Desember 2025 dan 2024 2r,12 143.873 199.409 31 December 2025 and 2024
ASET PAJAK TANGGUHAN 2s,14c 152.761 152.259 DEFERRED TAX ASSETS
ASET LAIN-LAIN 2e 1.868 1.520 OTHER ASSETS
JUMLAH ASET 25.472.524 25.119.820 TOTAL ASSETS
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements on
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan dari Exhibit E which are an integral part of
Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 315
Page 316
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit A/2 Exhibit A/2
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF FINANCIAL POSITION
PER 31 DESEMBER 2025 AS OF 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Pinjaman yang diterima 2e,t,y,13 10.370.062 10.822.571 Fund borrowings
Surat berharga yang diterbitkan Securities issued
- setelah dikurangi biaya emisi surat - net of unamortized securities
berharga yang belum diamortisasi issuance cost of
sebesar Rp 5.541 dan Rp 7.123 pada Rp 5,541 and Rp 7,123 as of
tanggal 31 Desember 2025 dan 2024 2e,u,15 3.225.459 2.935.877 31 December 2025 and 2024
Beban akrual 2e,y,16 276.307 301.576 Accrued expenses
Utang dividen 2ad,18 2.608 1.973 Dividend payables
Utang pajak 2s,14a 183.858 173.291 Taxes payable
Utang lain-lain – Pihak ketiga 2e,19 589.476 552.792 Other payables – Third parties
Liabilitas imbalan kerja 2v,17 171.463 150.075 Employee benefit liabilities
JUMLAH LIABILITAS 14.819.233 14.938.155 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to owners
kepada pemilik entitas induk of the parent
Modal saham - nilai nominal Share capital – par value of
Rp 25 (nilai penuh) per saham Rp 25 (full amount) per share
Modal dasar - Authorized capital –
20.000.000.000 saham 20,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid capital –
penuh – 15.039.383.620 saham dan 15,039,383,620 shares and
15.967.115.620 saham pada 15,967,115,620 shares as of
tanggal 31 Desember 2025 dan 2024 20 375.985 399.178 31 December 2025 and 2024
Tambahan modal disetor - neto 21 399.695 609.459 Additional paid-in capital – net
Saham treasuri 2aa,20 (147.314) (232.957) Treasury stock
Penghasilan komprehensif lain Other comprehensive income
Kerugian kumulatif atas Cummulative loss on derivative
instrumen derivatif untuk lindung nilai instrument for cash flows
arus kas – neto 2m,8,33 (29.734) (65.416) hedges – net
Keuntungan pengukuran kembali Gain on remeasurement of
program aktuarial manfaat pasti 2v,17,33 77.585 74.979 defined benefit actuarial program
Saldo laba Retained earnings
Telah ditentukan penggunaannya 130.000 125.000 Appropriated
Belum ditentukan penggunaannya 9.846.712 9.270.860 Unappropriated
10.652.929 10.181.103
Kepentingan nonpengendali 362 562 Non-controlling interests
JUMLAH EKUITAS 10.653.291 10.181.665 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 25.472.524 25.119.820 TOTAL LIABILITIES AND EQUITY
Tangerang Selatan, 5 Maret 2026 / South Tangerang, 5 March 2026
Sudjono
Direktur Keuangan / Finance Director
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements on
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan dari Exhibit E which are an integral part of
Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
316 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit B Exhibit B
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
PENDAPATAN INCOME
Piutang pembiayaan 2e,h,i,w,22 6.277.212 5.883.344 Financing receivables
Keuangan 2e,w 43.031 54.426 Finance
Syariah 2e,j,k,w,23 163.741 146.520 Sharia
Lain-lain 2e,p,w,24 263.835 250.780 Others
Jumlah Pendapatan 6.747.819 6.335.070 Total Income
BEBAN EXPENSES
Gaji dan tunjangan 2v,w,25,29 (1.517.111 ) (1.517.239 ) Salaries and benefits
Beban bunga dan keuangan 2e,t,u,w,26 (939.515 ) (930.537 ) Interest and finance charges
Umum dan administrasi 2n,p,q,r,s,27 (897.682 ) (875.425 ) General and administrative
Cadangan kerugian penurunan nilai Provision for impairment losses
Piutang pembiayaan 2e,w,5 (1.087.388 ) (845.785 ) Financing receivables
Piutang ijarah dan IMBT 2e,w,6 (3.994 ) (4.551 ) Ijarah and IMBT receivables
Lain-lain 2e,w,28,35 (329.048) (234.919) Others
Jumlah Beban (4.774.738) (4.408.456) Total Expenses
LABA SEBELUM PAJAK 1.973.081 1.926.614 PROFIT BEFORE TAX
Beban Pajak 2s,14b (391.591) (361.940) Tax Expenses
LABA TAHUN BERJALAN 1.581.490 1.564.674 PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos-pos yang akan Items that will be
direklasifikasi ke laba rugi reclassified to profit or loss
Bagian efektif atas perubahan Effective portion of the fair
nilai wajar instrumen derivatif - value change of the derivative
lindung nilai arus kas 2m,8,33 44.052 (81.583) instrument for cash flows hedges
Pajak penghasilan terkait 14c,33 (8.370) 15.501 Related income tax
35.682 (66.082)
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi reclassified to profit or loss
Skema pengukuran
kembali imbalan Remeasurement of
manfaat pasti 2v,17,33 3.224 12.897 defined benefit schemes
Pajak penghasilan terkait 14c,33 (617) (2.454) Related income tax
2.607 10.443
PENGHASILAN (KERUGIAN) OTHER COMPREHENSIVE INCOME
KOMPREHENSIF LAIN – Setelah Pajak 38.289 (55.639) (LOSS) – Net of Tax
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 1.619.779 1.509.035 FOR THE YEAR
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan on Exhibit E which are an integral part of
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 317
Page 318
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit B/2 Exhibit B/2
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
LABA TAHUN BERJALAN YANG DAPAT PROFIT FOR THE YEAR
DIATRIBUSIKAN KEPADA: ATTRIBUTTABLE TO:
Pemilik entitas induk 1.581.841 1.564.811 Owners of the parent
Kepentingan nonpengendali (351) (137) Non-controlling interests
1.581.490 1.564.674
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN YANG DAPAT INCOME FOR THE YEAR
DIATRIBUSIKAN KEPADA: ATTRIBUTTABLE TO:
Pemilik entitas induk 1.620.129 1.509.171 Owners of the parent
Kepentingan nonpengendali (350) (136) Non-controlling interests
1.619.779 1.509.035
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 2ac,32 103 104 (full amount)
Tangerang Selatan, 5 Maret 2026 / South Tangerang, 5 March 2026
Sudjono
Direktur Keuangan / Finance Director
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan on Exhibit E which are an integral part of
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
318 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 319
These Consolidated Financial Statements are Originally Issued in Indonesian Language
Ekshibit C Exhibit C
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
Governance
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Good Corporate
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/Equity attributable to owners of the parent
Keuntungan
(kerugian) Keuntungan
kumulatif atas pengukuran
instrumen kembali
derivatif untuk program
lindung nilai aktuarial
Tambahan arus kas - neto/ manfaat pasti/
modal Cumulative Gain on Jumlah sebelum
disetor gain (loss) on remeasurement Saldo laba/Retained earnings kepentingan
Modal - neto/ Saham derivative of defined Telah Belum nonpengendali/ Kepentingan Jumlah
Sustainability
saham/ Additional treasuri/ instrument benefit ditentukan ditentukan Total before nonpengendali/ ekuitas/
Catatan/ Share paid-in Treasury for cash flows actuarial penggunaannya/ penggunaannya/ non-controlling Non-controlling Total
Notes capital capital - net stock hedges - net program Appropriated Unappropriated interests interests equity
Saldo per 31 Desember 2024 399.178 609.459 (232.957) (65.416) 74.979 125.000 9.270.860 10.181.103 562 10.181.665 Balance as of 31 December 2024
Jumlah penghasilan
komprehensif tahun Total comprehensive
berjalan income for the year
Laba tahun berjalan - - - - - - 1.581.841 1.581.841 (351) 1.581.490 Profit for the year
Penghasilan
komprehensif lain, Other comprehensive
setelah pajak: income, net of tax:
Bagian yang efektif
dari lindung nilai Effective portion of
Corporate Data
arus kas 2m,8 - - - 35.682 - - - 35.682 - 35.682 cash-flows hedges
Keuntungan
pengukuran kembali Gain on remeasurement
program aktuarial of defined benefit
manfaat pasti 2v,17 - - - - 2.606 - - 2.606 1 2.607 actuarial program
- - - 35.682 2.606 - 1.581.841 1.620.129 (350) 1.619.779
Penerbitan saham entitas Issuance of subsidiary’s
anak kepada kepentingan share to non-controling
nonpengendali - - - - - - - - 150 150 interest
Pengurangan modal Reduction of issued
ditempatkan dan disetor 20 (23.193) (209.764) 232.957 - - - - - - - and paid-in capital
Statements
Pembelian saham treasuri - - (147.314) - - - - (147.314) - (147.314) Purchase of treasury stock
Annual Financial
Penyisihan saldo laba Appropriation for
untuk cadangan umum 18 - - - - - 5.000 (5.000) - - - general reserve
Dividen kas tahun 2024 2ad,18 - - - - - - (481.260) (481.260) - (481.260) Cash dividend of 2024
Dividen kas interim Interim cash dividend
tahun berjalan 18 - - - - - - (519.729) (519.729) - (519.729) for the year
Saldo per 31 Desember 2025 375.985 399.695 (147.314) (29.734) 77.585 130.000 9.846.712 10.652.929 362 10.653.291 Balance as of 31 December 2025
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements on
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan Exhibit E which are an integral part of
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
Appendices
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
319
Page 320
320
These Consolidated Financial Statements are Originally Issued in Indonesian Language
Ekshibit C/2 Exhibit C/2
About This Report
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/Equity attributable to owners of the parent
Keuntungan
(kerugian) Keuntungan
Highlights
kumulatif atas pengukuran
instrumen kembali
derivatif untuk program
lindung nilai aktuarial
2025 Performance
Tambahan arus kas - neto/ manfaat pasti/
modal Cumulative Gain on Jumlah sebelum
disetor gain (loss) on remeasurement Saldo laba/Retained earnings kepentingan
Modal - neto/ Saham derivative of defined Telah Belum nonpengendali/ Kepentingan Jumlah
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
saham/ Additional treasuri/ instrument benefit ditentukan ditentukan Total before nonpengendali/ ekuitas/
Catatan/ Share paid-in Treasury for cash flows actuarial penggunaannya/ penggunaannya/ non-controlling Non-controlling Total
Notes capital capital - net stock hedges - net program Appropriated Unappropriated interests interests equity
Saldo per 31 Desember 2023 399.178 609.459 (232.957) 666 64.537 120.000 8.538.215 9.499.098 698 9.499.796 Balance as of 31 December 2023
Jumlah penghasilan
komprehensif Total comprehensive
tahun berjalan income for the year
Laba tahun berjalan - - - - - - 1.564.811 1.564.811 (137) 1.564.674 Profit for the year
Penghasilan
komprehensif lain, Other comprehensive
Reports to Stakeholders
setelah pajak: income, net of tax:
Bagian yang
efektif dari
lindung nilai Effective portion of cash
arus kas 2m,8 - - - (66.082) - - - (66.082) - (66.082) flows hedges
Keuntungan
pengukuran kembali Gain on remeasurement
program aktuarial of defined benefit
manfaat pasti 2v,17 - - - - 10.442 - - 10.442 1 10.443 actuarial program
- - - (66.082) 10.442 - 1.564.811 1.509.171 (136) 1.509.035
Penyisihan saldo laba Appropriation for
untuk cadangan umum 18 - - - - - 5.000 (5.000) ) - - - general reserve
Company Profile
Dividen kas tahun 2023 2ad,18 - - - - - - (406.063) ) (406.063) - (406.063) Cash dividend of 2023
Dividen kas interim Interim cash dividend
tahun berjalan 18 - - - - - - (421.103) (421.103) - (421.103) for the year
Saldo per 31 Desember 2024 399.178 609.459 (232.957) (65.416) )) 74.979 125.000 9.270.860 10.181.103 562 10.181.665 Balance as of 31 December 2024
and Analysis
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements on
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan Exhibit E which are an integral part of
Management Discussion
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
Page 321
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit D Exhibit D
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari: Cash received from:
Transaksi pembiayaan 5,22,23 25.714.692 25.051.961 Financing transactions
Pembiayaan bersama 5,31 3.006.386 1.300.820 Joint financing
Penghasilan jasa giro dan Interest income from current
deposito berjangka 43.505 55.459 accounts and time deposits
Lain-lain 24 235.318 245.843 Others
Pengeluaran kas untuk: Cash disbursement for:
Transaksi pembiayaan baru 5,22,23 (22.497.270 ) (22.058.860 ) New financing transactions
Beban umum dan administrasi 2w,27 (2.203.421 ) (2.228.661 ) General and administrative
Pembiayaan bersama 31a (1.408.874 ) (569.884 ) Joint financing
Beban bunga dan keuangan 2w (1.096.881 ) (986.943 ) Interest and finance charges
Pembayaran pajak penghasilan (380.024 ) (320.195 ) Income taxes paid
Arus kas neto dari aktivitas operasi 1.413.431 489.540 Net cash flows from operating activities
ARUS KAS UNTUK AKTIVITAS INVESTASI CASH FLOWS FOR INVESTING ACTIVITIES
Hasil penjualan aset tetap 10 28.519 40.231 Proceeds from sale of fixed assets
Perolehan aset tetap 10 (132.581 ) (97.512 ) Acquisition of fixed assets
Penambahan aset hak-guna 11 (24.436 ) (24.706 ) Addition of right-of-use assets
Perolehan aset takberwujud 12 (15.089 ) (23.253 ) Acquisition of intangible assets
Arus kas neto untuk aktivitas investasi (143.587 ) (105.240 ) Net cash flows for investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan kas dari: Cash received from:
Pinjaman yang diterima 13,34 9.016.706 10.264.849 Fund borrowings
Surat berharga yang diterbitkan 1.000.000 600.000 Securities issued
Penerimaan setoran modal dari kepentingan Receipts of paid-in capital from
nonpengendali 150 - non-controlling interests
Pengeluaran kas untuk: Cash disbursement for:
Pinjaman yang diterima 13,34 (9.488.311 ) (8.160.516 ) Fund borrowings
Pelunasan pokok surat berharga Repayment of securities
yang diterbitkan 15,34 (712.000 ) (2.387.000 ) issued principal
Dividen kas (1.000.989 ) (827.166 ) Cash dividend
Pembelian saham treasuri (147.314 ) - Purchase of treasury stock
Arus kas neto untuk aktivitas pendanaan (1.331.758 ) (509.833 ) Net cash flows for financing activities
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
(Saldo dipindahkan) (61.914 ) (125.533 ) (Balance brought-forward)
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan on Exhibit E which are an integral part of
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 321
Page 322
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit D/2 Exhibit D/2
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2025 2024
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
(Saldo pindahan) (61.914) (125.533) (Balance carry-forward)
CASH AND CASH EQUIVALENTS AT
KAS DAN SETARA KAS PADA AWAL TAHUN 1.614.126 1.739.659 BEGINNING OF YEAR
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AKHIR TAHUN 1.552.212 1.614.126 AT END OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
TERDIRI DARI: CONSIST OF:
Kas dan bank 4 1.237.500 902.774 Cash on hand and in banks
Deposito berjangka 4 314.712 711.352 Time deposits
1.552.212 1.614.126
Lihat Catatan atas Laporan Keuangan Konsolidasian pada See accompanying Notes to the Consolidated Financial Statements on
Ekshibit E terlampir yang merupakan bagian tidak terpisahkan Exhibit E which are an integral part of
dari Laporan Keuangan Konsolidasian secara keseluruhan the Consolidated Financial Statements taken as a whole
322 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 323
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E Exhibit E
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM 1. GENERAL
a. Pendirian dan Informasi Umum Perusahaan a. Establishment and General Information of the Company
PT BFI Finance Indonesia Tbk (“Perusahaan”) didirikan PT BFI Finance Indonesia Tbk (the “Company”) was
dengan nama PT Manufacturers Hanover Leasing established as PT Manufacturers Hanover Leasing
Indonesia pada tanggal 7 April 1982 berdasarkan Akta Indonesia on 7 April 1982 based on Notarial Deed No. 57 of
No. 57 yang dibuat di hadapan Kartini Muljadi, S.H., Kartini Muljadi, S.H., Notary in Jakarta. The deed of
Notaris di Jakarta. Akta pendirian tersebut telah establishment was approved by the Minister of Justice of
memperoleh persetujuan dari Menteri Kehakiman the Republic of Indonesia in its decision letter
Republik Indonesia melalui Surat Keputusan No. C2-2091-HT01.01.TH82 dated 28 October 1982 and was
No. C2-2091-HT01.01.TH82 tanggal 28 Oktober 1982 dan published in the State Gazette No. 102, dated
telah diumumkan dalam Lembaran Berita Negara 21 December 1982, Supplement No. 1390. Based on
No. 102 tanggal 21 Desember 1982, Tambahan No. 1390. Notarial Deed No. 54 of Inge Hendarmin, S.H., a substitute
Berdasarkan Akta No. 54 yang dibuat di hadapan Inge of Kartini Muljadi, S.H., Notary in Jakarta dated
Hendarmin, S.H., pengganti dari Kartini Muljadi, S.H., 17 September 1986, the Company’s name changed from
Notaris di Jakarta tanggal 17 September 1986, nama PT Manufacturers Hanover Leasing Indonesia to PT Bunas
Perusahaan diubah dari PT Manufacturers Hanover Intitama Leasing Indonesia, this amendment was approved
Leasing Indonesia menjadi PT Bunas Intitama Leasing by the Minister of Justice of the Republic of Indonesia in
Indonesia, perubahan tersebut telah memperoleh its decision letter No.C2-6977.HT.01.04.TH.86 dated
persetujuan dari Menteri Kehakiman Republik Indonesia 7 October 1986 and was published in the State Gazette
melalui Surat Keputusan No. C2-6977.HT.01.04.TH.86 No. 94 dated 25 November 1986, Supplement No. 1451.
tanggal 7 Oktober 1986 dan telah diumumkan dalam Based on Notarial Deed No. 80 dated 22 November 1989,
Lembaran Berita Negara No. 94 tanggal 25 November Deed No. 27 dated 8 March 1990, both of which were made
1986, Tambahan No. 1451. Berdasarkan Akta No. 80 before Kartini Muljadi, S.H. the Company’s name changed
tanggal 22 November 1989, Akta No. 27 tanggal 8 Maret from PT Bunas Intitama Leasing Indonesia to PT Bunas
1990 keduanya dibuat di hadapan Kartini Muljadi, S.H., Finance Indonesia, this amendment was approved by the
nama Perusahaan diubah dari PT Bunas Intitama Leasing Minister of Justice of the Republic of Indonesia in its
Indonesia menjadi PT Bunas Finance Indonesia, decision letter No. C2-1441-HT.01.04.TH.90 dated
perubahan tersebut telah memperoleh persetujuan dari 13 March 1990 and was published in the State Gazette
Menteri Kehakiman Republik Indonesia melalui Surat No. 34 dated 28 April 1990, Supplement No. 1537. Based
Keputusan No. C2-1441-HT.01.04.TH.90 tanggal 13 Maret on Deed No. 37 which were made before Achmad Abid, S.H,
1990 dan telah diumumkan dalam Lembaran Berita a substitute of Sutjipto, S.H., Notary in Jakarta dated
Negara No. 34 tanggal 28 April 1990, Tambahan No. 1537. 8 August 1996, the name of the Company was changed
Berdasarkan Akta No. 37 yang dibuat di hadapan Achmad from PT Bunas Finance Indonesia to PT Bunas Finance
Abid, S.H., pengganti dari Sutjipto, S.H., Notaris di Indonesia Tbk, a change which has been approved by the
Jakarta tanggal 8 Agustus 1996, nama Perusahaan diubah Minister of Justice of the Republic of Indonesia through
dari PT Bunas Finance Indonesia menjadi PT Bunas Decision Letter No. C2-9625-HT.01.04.TH.96 dated
Finance Indonesia Tbk, perubahan tersebut telah 21 October 1996 and was published in the State Gazette
memperoleh persetujuan dari Menteri Kehakiman No. 11 dated 7 February 1997, Supplement No. 552.
Republik Indonesia melalui Surat Keputusan No.C2-9625- The Company’s Articles of Association has been amended
HT.01.04.TH.96 tanggal 21 Oktober 1996 dan telah several times, which one of the amendments was based on
diumumkan dalam Lembaran Berita Negara No. 11 tanggal Notarial Deed No. 116 dated 27 June 2001 of Aulia
7 Februari 1997, Tambahan No. 552. Anggaran Dasar Taufani, S.H., a substitute of Sutjipto, S.H., Notary in
Perusahaan telah mengalami beberapa kali perubahan, Jakarta, in connection with the change of name of
salah satunya berdasarkan Akta No. 116 tanggal 27 Juni the Company from PT Bunas Finance Indonesia Tbk to
2001 yang dibuat di hadapan Aulia Taufani, S.H., PT BFI Finance Indonesia Tbk. This amendment
pengganti dari Sutjipto, S.H., Notaris di Jakarta, was approved by the Minister of Law and Human Rights
sehubungan dengan perubahan nama Perusahaan dari of the Republic of Indonesia in its decision letter
PT Bunas Finance Indonesia Tbk menjadi PT BFI Finance No. C-03668.HT.01.04.TH.2001 dated 24 July 2001 and was
Indonesia Tbk. Perubahan tersebut telah memperoleh published in the State Gazette No. 35 dated 30 April 2002,
persetujuan dari Menteri Hukum dan Hak Asasi Manusia Supplement No. 4195.
Republik Indonesia melalui Surat Keputusan
No. C-03668.HT.01. 04.TH.2001 tanggal 24 Juli 2001 dan
telah diumumkan dalam Lembaran Berita Negara No. 35
tanggal 30 April 2002, Tambahan No. 4195.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 323
Page 324
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/2 Exhibit E/2
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
a. Pendirian dan Informasi Umum Perusahaan (Lanjutan) a. Establishment and General Information of the
Company (Continued)
Perubahan terakhir berdasarkan Akta No. 1 tanggal 3 Juni The latest amendment based on Deed No. 1 dated
2025 yang dibuat di hadapan Shanti Indah Lestari, S.H., 3 June 2025 made before Shanti Indah Lestari, S.H.,
M.Kn., Notaris di Kabupaten Tangerang, mengenai M.Kn., Notary in Tangerang District, regarding approval
persetujuan perubahan Pasal 4 ayat 2 Anggaran Dasar for amendment to Article 4 paragraph 2 of the
Perusahaan, yang telah memperoleh persetujuan dari Company’s articles of association, was approved by the
Kementerian Hukum Republik Indonesia melalui Surat Minister of Law of the Republic of Indonesia in its
Keputusan nomor AHU-0045866.AH.01.02.Tahun 2025 decision letter Number AHU-0045866.AH.01.02.Tahun
tanggal 14 Juli 2025 dan telah diumumkan dalam 2025 dated 14 July 2025 and was published in the State
Lembaran Berita Negara Republik Indonesia No. 75 tanggal Gazette of the Republic of Indonesia No. 75 dated
19 September 2025, Tambahan No. 26364. 19 September 2025, Supplement No. 26364.
Perusahaan memperoleh izin usaha dalam The Company obtained its license to operate
bidang usaha lembaga Pembiayaan dari Menteri Keuangan as a financing company from the Minister of Finance
Republik Indonesia berdasarkan Surat Keputusan by virtue of his decree No. KEP-038/KM.11/1982
No. KEP-038/KM.11/1982 tanggal 12 Agustus 1982, yang dated 12 August 1982 as amended by Decree
telah diperbaharui berdasarkan Surat Keputusan No. 493/KMK.013/1990 dated 23 April 1990.
No. 493/KMK.013/1990 tanggal 23 April 1990.
Pada tanggal 20 Februari 2006, Menteri Keuangan On 20 February 2006, the Minister of Finance of the
Republik Indonesia telah mengamandemen izin usaha Republic of Indonesia amended the Company’s license in
Perusahaan melalui Keputusan Menteri Keuangan Republik its decision letter No. KEP-038/KM.5/2006.
Indonesia No. KEP-038/KM.5/2006.
Melalui amandemen ini, izin usaha yang sebelumnya Through this amendment, the previous license granted
diberikan kepada PT Bunas Finance Indonesia Tbk to PT Bunas Finance Indonesia Tbk was applied for
berlaku surut sejak adanya persetujuan perubahan nama retroactively since the approval of the change in
Perusahaan dari PT Bunas Finance Indonesia Tbk the name of the Company from PT Bunas Finance
menjadi PT BFI Finance Indonesia Tbk dari instansi Indonesia Tbk to PT BFI Finance Indonesia Tbk from the
yang berwenang melalui Surat Keputusan Menteri regulatory authority in its decision letter of Minister
Hukum dan Hak Asasi Manusia Republik Indonesia of Law and Human Rights of the Republic of Indonesia
No. C-03668.HT.01.04.TH.2001 tanggal 24 Juli 2001. No. C-03668.HT.01.04.TH.2001 dated 24 July 2001.
Berdasarkan Pasal 3 Anggaran Dasar, Perusahaan Based on Article 3 of the Company's Articles of
dapat melaksanakan kegiatan usaha utama sebagai Association, the Company may carry out the following
berikut: main business activities:
I. Usaha Pembiayaan: I. Financing:
a. Pembiayaan investasi a. Investment financing
b. Pembiayaan modal kerja b. Working capital financing
c. Pembiayaan multiguna c. Multipurpose financing
d. Kegiatan usaha pembiayaan lain berdasarkan d. Other financing activities under the approval of
persetujuan Otoritas Jasa Keuangan the Financial Service Authority
II. Usaha Pembiayaan Syariah: II. Sharia Financing:
a. Pembiayaan jual beli a. Financing sale and purchase
b. Pembiayaan investasi b. Investment financing
c. Pembiayaan jasa c. Financing services
324 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 325
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/3 Exhibit E/3
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
a. Pendirian dan Informasi Umum Perusahaan (Lanjutan) a. Establishment and General Information of the
Company (Continued)
Untuk mencapai maksud dan tujuan tersebut di atas serta To achieve the above-mentioned purpose and objective,
untuk menunjang kegiatan usaha utama Perusahaan and to support its main business activities, the Company
tersebut di atas, Perusahaan dapat melaksanakan may conduct supporting business activities as follows:
kegiatan usaha penunjang sebagai berikut:
a. Melakukan perencanaan dan pengembangan, antara a. To undertake planning and development, among
lain menambah jaringan usaha, membangun others, to increase business network, build
infrastruktur dan kegiatan lain yang mendukung infrastructure, and other activities that support the
usaha dan kinerja Perusahaan. business and performance of the Company.
b. Melakukan kegiatan mencari dan/atau memperoleh b. To conduct activities to seek and/or obtain funding
sumber pendanaan. sources.
c. Melakukan segala perbuatan pemilikan dan sewa c. To carry out all ownership and lease activities with
menyewa dengan pihak lain. other parties.
d. Menyelenggarakan kegiatan-kegiatan lain yang d. To carry out other activities needed to support
diperlukan dalam mendukung dan/atau terkait and/or related to the main business activities.
dengan kegiatan usaha utama.
e. Sewa operasi (operating lease) dan/atau kegiatan e. To provide operating lease and/or fee-based service
berbasis imbal jasa sepanjang tidak bertentangan as long as it is not against the stipulations and laws
dengan ketentuan peraturan perundangan-undangan in financial services sector.
di sektor jasa keuangan.
Perusahaan memulai kegiatan komersialnya pada tahun The Company started its commercial operations in
1982. Kantor pusat Perusahaan terletak di BFI Tower, 1982. The Company’s registered office is located at BFI
Sunburst CBD Lot 1.2, Jalan Kapten Soebijanto Tower, Sunburst CBD Lot 1.2, Jalan Kapten Soebijanto
Djojohadikusumo, BSD City, Tangerang Selatan. Djojohadikusumo, BSD City, South Tangerang.
Untuk menjalankan usaha pembiayaan syariah, To undertake a sharia financing business, the Company
Perusahaan telah menerima Salinan Keputusan Dewan has received a copy of the Decree of the Board of
Komisioner Otoritas Jasa Keuangan Nomor Commissioners of the Financial Service Authority
Kep-27/ NB.223/2018 tentang Pemberian Izin Pembukaan Number Kep-27/NB.223/2018 concerning the License to
Unit Usaha Syariah Perusahaan Pembiayaan kepada Open Sharia Business Unit to the Company and the
Perusahaan dan keputusan tersebut mulai berlaku sejak Decree effective on 8 February 2018.
tanggal ditetapkan, yaitu 8 Februari 2018.
Perusahaan mempunyai kantor cabang, POS (Point of The Company have branches, POS (Point of Sales) and
Sales) dan kantor cabang syariah yang tersebar di seluruh sharia branch throughout Indonesia as of 31 December
wilayah Indonesia pada tanggal 31 Desember 2025 dan 2025 and 2024 as follow:
2024 sebagai berikut:
31 Desember/December
2025 2024
Kantor cabang 191 191 Branches
POS (Point of Sales)* 113 31 POS (Point of Sales)*
Cabang Syariah 45 45 Sharia Branches
Jumlah 349 267 Total
*) Per 31 Mei 2025 penamaan gerai berubah menjadi POS. *) As of 31 May 2025, the name of the outlets has changed to POS.
b. Penawaran Umum Saham Perusahaan b. Public Offering of the Company’s Shares
Pada tahun 1990, Perusahaan melakukan penawaran In 1990, the Company conducted an initial public
umum perdana atas 2.125.000 sahamnya dengan nilai offering of its 2,125,000 shares with a par value of
nominal Rp 1.000 (nilai penuh) per saham melalui bursa Rp 1,000 (full amount) per share through the stock
efek di Indonesia dengan harga penawaran sejumlah exchanges in Indonesia at an offering price of Rp 5,750
Rp 5.750 (nilai penuh) per saham. Pada tahun 1993, (full amount) per share. In 1993, the Company offered
Perusahaan melakukan penawaran tambahan sebanyak an additional of 8,500,000 shares at the same par value
8.500.000 saham dengan nilai nominal per saham yang per share through a stock exchange in Indonesia.
sama melalui bursa efek di Indonesia.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 325
Page 326
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/4 Exhibit E/4
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
b. Penawaran Umum Saham Perusahaan (Lanjutan) b. Public Offering of the Company’s Shares (Continued)
Pada tanggal 8 April 1993, para pemegang saham On 8 April 1993, the shareholders of the Company
Perusahaan menyetujui untuk membagikan dividen saham approved to distribute share dividends on the basis of
dengan dasar 1 (satu) saham baru untuk 10 (sepuluh) 1 (one) new share for every 10 (ten) shares held totaling
saham yang dimiliki, sebanyak 1.062.500 saham dengan 1,062,500 shares with a par value of Rp 1,000 (full
nilai nominal Rp 1.000 (nilai penuh) per saham. Pada amount) per share. On the same date, the shareholders
tanggal yang sama, para pemegang saham Perusahaan of the Company also approved to issue bonus shares on
juga menyetujui untuk menerbitkan saham bonus dengan the basis of 17 (seventeen) new shares for every
dasar 17 (tujuh belas) saham baru untuk setiap 20 (dua 20 (twenty) shares held totaling 9,934,668 shares at the
puluh) saham yang dimiliki, sebanyak 9.934.668 saham same par value. On 22 January 1994, the shareholders
dengan nilai nominal yang sama. Pada tanggal 22 Januari of the Company approved to distribute share dividends
1994, para pemegang saham Perusahaan menyetujui on the basis of 1 (one) new share for every 3 (three)
untuk membagikan dividen saham dengan dasar 1 (satu) shares held totaling 7,207,390 shares at a par value of
saham baru untuk 3 (tiga) saham yang dimiliki, sebanyak Rp 1,000 (full amount) per share.
7.207.390 saham dengan nilai nominal Rp 1.000 (nilai
penuh) per saham.
Pada tanggal 18 April 1994, Perusahaan memperoleh On 18 April 1994, the Company received effective
surat pernyataan efektif dari Badan Pengawas Pasar statement from the Capital Market Supervisory
Modal (kemudian berubah menjadi Badan Pengawas Pasar Board (was then changed to Capital Market and
Modal dan Lembaga Keuangan/BAPEPAM-LK dan terakhir Financial Institutions Supervisory Agency/BAPEPAM-LK
dikenal sebagai Otoritas Jasa Keuangan/OJK) (BAPEPAM) and recently known as the Financial Services
melalui surat No. S-639/PM/1994 dalam rangka Authority/OJK) (BAPEPAM) through letter No. S-639/
penawaran umum terbatas pertama (I) Perusahaan PM/1994 to conduct the first rights issue of the
sebanyak 28.829.558 saham dengan harga penawaran Company’s shares on a 1 (one) for 1 (one) basis totaling
sejumlah Rp 1.500 (nilai penuh) per saham dimana setiap 28,829,558 shares at an offering price of Rp 1,500 (full
1 (satu) saham yang dimiliki berhak atas 1 (satu) saham amount) per share. Moreover, on 17 January 1997, the
baru. Selanjutnya, pada tanggal 17 Januari 1997, Company received effective statement from
Perusahaan memperoleh surat pernyataan efektif dari the BAPEPAM-LK through letter No. S-71/PM/1997
BAPEPAM-LK melalui surat No. S-71/PM/1997 dalam to conduct the second rights issue of the Company’s
rangka penawaran umum terbatas kedua Perusahaan shares on the basis of 2 (two) new shares for every
sebanyak 115.318.232 saham dengan harga penawaran 1 (one) shares held totaling 115,318,232 shares at an
Rp 1.000 (nilai penuh) per saham dimana setiap 1 (satu) offering price of Rp 1,000 (full amount) per share.
saham yang dimiliki berhak atas 2 (dua) saham baru.
Pada tanggal 17 Juni 1997, para pemegang saham On 17 June 1997, the shareholders of the Company
Perusahaan menyetujui pemecahan nilai nominal saham approved a stock split, resulting in a change in par value
dari Rp 1.000 (nilai penuh) per saham menjadi Rp 500 per share from Rp 1,000 (full amount) to Rp 500 (full
(nilai penuh) per saham, sehingga mengakibatkan amount), thus resulting in the increase in number of the
peningkatan jumlah saham beredar Perusahaan dari Company’s subscribed shares from 172,977,348 shares to
sebanyak 172.977.348 saham menjadi sebanyak 345,954,696 shares.
345.954.696 saham.
Dalam rangka restrukturisasi utang, para pemegang In respect with the debt restructuring, the Company’s
saham Perusahaan dalam Rapat Umum Pemegang Saham shareholders through Extraordinary General Meeting
Luar Biasa Para Pemegang Saham tanggal 27 Januari 2000 of Shareholders convened on 27 January 2000 approved
menyetujui penerbitan Mandatory Convertible Bonds to issue the Mandatory Convertible Bonds (MCB)
atau Obligasi Wajib Konversi (MCB) yang wajib which should be converted into 414,384,585 shares of
dikonversikan menjadi sebanyak 414.384.585 saham the Company.
Perusahaan.
Pada bulan Mei 2006, seluruh MCB telah dikonversi In May 2006, all of the MCB was converted into common
menjadi sebanyak 414.384.585 saham biasa sehingga shares totaling 414,384,585 shares, thus resulting in a
jumlah saham beredar Perusahaan menjadi sebanyak total outstanding number of the Company’s shares of
760.339.281 saham pada tanggal 31 Desember 2006. 760,339,281 shares as of 31 December 2006.
326 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 327
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/5 Exhibit E/5
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
b. Penawaran Umum Saham Perusahaan (Lanjutan) b. Public Offering of the Company’s Shares (Continued)
Berdasarkan keputusan Rapat Umum Pemegang Saham Based on the resolution of the Extraordinary General
Luar Biasa (RUPSLB) Perusahaan yang diaktakan dengan Meeting of Shareholders (EGMS) of the Company
Akta notaris No. 65 tanggal 21 Juni 2012 yang dibuat di as covered by Notarial Deed No. 65 dated 21 June 2012
hadapan Fathiah Helmi, S.H., Notaris di Jakarta, para of Fathiah Helmi, S.H., Notary in Jakarta,
pemegang saham menyetujui perubahan Pasal 4 ayat the shareholders approved the amendment to Paragraphs
1 dan 2 Anggaran Dasar Perusahaan mengenai perubahan 1 and 2 of Article 4 of the Articles of Association
nilai nominal saham Perusahaan (pemecahan saham) dari concerning the changes in par value of the Company’s
sebesar Rp 500 (nilai penuh) per saham menjadi sebesar share (stock split) from Rp 500 (full amount) to Rp 250
Rp 250 (nilai penuh) per saham, sehingga mengakibatkan (full amount) per share, thus, resulting in the increase in
peningkatan jumlah saham beredar Perusahaan dari number of the Company’s shares outstanding from
semula sebanyak 760.339.281 saham menjadi sebanyak 760,339,281 shares to 1,520,678,562 shares, and
1.520.678.562 saham, dan menyetujui untuk mengubah Paragraph 3b of Article 15, concerning the Duties and
Pasal 15 ayat 3b mengenai Tugas dan Wewenang Direksi. Authorities of the Directors.
Pemecahan saham tersebut telah memperoleh The stock split was approved by the BEI through letter
persetujuan dari BEI melalui surat No. S-05439/BEI.PPJ/ No. S-05439/BEI.PPJ/07-2012 dated 31 July 2012.
07-2012 tertanggal 31 Juli 2012.
RUPSLB tersebut juga telah menyetujui penerbitan The EGMS had also approved the issuance of shares for
saham untuk pelaksanaan program Management & the implementation of the Phase 1 of the Management &
Employee Stock Option Program (MESOP) untuk Tahap I Employee Stock Option Program (MESOP) on the Indonesia
di BEI sebanyak 60.826.400 saham dengan nilai nominal Stock Exchange, totaling 60,826,400 shares with par
sebesar Rp 250 (nilai penuh) per saham untuk periode value of Rp 250 (full amount) per shares, up 20 June
sampai dengan tanggal 20 Juni 2014. BEI melalui suratnya 2014. BEI through its letter No. S-04847/ BEI.PPJ/07-2012
No. S-04847/BEI.PPJ/07-2012 tertanggal 6 Juli 2012 telah dated 6 July 2012 had approved the Company’s pre-listing
menyetujui pencatatan saham Perusahaan hasil of its MESOP on the Indonesia Stock Exchange for the
pelaksanaan Program MESOP untuk tahap I tersebut implementation of phase I.
secara pra-pencatatan di BEI.
Pada tanggal 31 Mei 2013, 30 Mei 2014, 29 Mei 2015, dan On 31 May 2013, 30 May 2014, 29 May 2015, and 31 May
31 Mei 2016, Perusahaan telah menerbitkan saham baru 2016, the Company has issued the additional 5,936,000,
masing-masing sebanyak 5.936.000, 23.320.000, 23,320,000, 16,025,000 and 30,752,000 shares,
16.025.000 dan 30.752.000 saham sebagai pelaksanaan respectively, for the implementation of the MESOP for
Management & Employee Stock Option Program (MESOP) Phase I – Grant Date 1 and 2, and Phase II – Grant Date
untuk Tahap I – Grant Date 1 dan 2, dan Tahap II – Grant 1 and 2, for options that has been exercised, thus
Date 1 dan 2, yang telah dieksekusi sehingga jumlah resulting in a total outstanding number of the Company’s
saham beredar Perusahaan menjadi 1.596.711.562 shares of 1,596,711,562 shares as of 31 December 2016.
saham pada tanggal 31 Desember 2016.
Berdasarkan keputusan Rapat Umum Pemegang Saham Based on the resolution of the Extraordinary General
Luar Biasa (RUPSLB) Perusahaan, yang telah diaktakan Meeting of Shareholders (EGMS) of the Company as
dengan Akta Notaris No. 18 pada tanggal 6 Mei 2014 yang covered by Notarial Deed No. 18 dated 6 May 2014 of
dibuat di hadapan Aryanti Artisari, S.H., Notaris di Aryanti Artisari, S.H., Notary in Jakarta, had approved
Jakarta, telah disetujui penerbitan saham hasil the issuance of new shares the results of the
pelaksanaan MESOP untuk tahap II untuk periode sampai implementations of the MESOP program phase II up to
dengan tanggal 30 Juni 2016 dengan harga pelaksanaan 30 June 2016 with exercised price which referred
yang mengacu kepada sebagaimana diatur dalam butir to point V.I Listing Regulation No. I-A as included in the
V.1 Peraturan Pencatatan No. I-A Lampiran II Appendix II of the Decision Decree of virtue
Keputusan Direksi PT Bursa Efek Indonesia of the Directors of PT Bursa Efek Indonesia
No. Kep-00001/BEI/01-2014 tanggal 20 Januari 2014. No. Kep-00001/BEI/01-2014 dated on 20 January 2014.
BEI melalui suratnya No. S-02280/BEI.PGI/06-2014 BEI through its letter No. S-02280/BEI.PGI/06-2014 dated
tertanggal 6 Juni 2014 telah menyetujui pencatatan 6 June 2014 approved the registration of the Company’s
saham Perusahaan hasil pelaksanaan Program MESOP pre-listing of its MESOP on the Stock Exchange for the
untuk tahap II secara pra-pencatatan di BEI sebanyak- implementation of phase II maximum 46,777,000 shares
banyaknya 46.777.000 saham dengan harga pelaksanaan with exercised price Rp 2,205 (full amount) per share.
sebesar Rp 2.205 (nilai penuh) per saham.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 327
Page 328
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/6 Exhibit E/6
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
b. Penawaran Umum Saham Perusahaan (Lanjutan) b. Public Offering of the Company’s Shares (Continued)
Berdasarkan keputusan Rapat Umum Pemegang Saham Based on the resolution of the Extraordinary General
Luar Biasa (RUPSLB) Perusahaan yang diaktakan dengan Meeting of Shareholders (EGMS) of the Company as
Akta No. 25 tanggal 18 April 2017 yang dibuat di hadapan covered by Notarial Deed No. 25 dated 18 April 2017
Aryanti Artisari, S.H., M.Kn., Notaris di Jakarta, para of Aryanti Artisari, S.H., M.Kn., Notary in Jakarta,
pemegang saham menyetujui pemecahan nilai nominal the Company’s shareholders approved the par value split
saham Perusahaan (stock split) dari sebesar Rp 250 (nilai of the Company’s share from Rp 250 (full amount)
penuh) per saham menjadi Rp 25 (nilai penuh) per saham. per share to Rp 25 (full amount) per share (stock split).
Pemecahan nilai saham ini telah mendapat persetujuan The stock split was approved by the BEI through
dari BEI melalui surat No.S-02820/BEI.PP1/05-2017 its letter No.S-02820/BEI.PP1/05-2017 dated 23 May
tertanggal 23 Mei 2017. Dengan demikian, sejak 2017. Therefore, since 31 December 2017 total issued
31 Desember 2017 jumlah saham ditempatkan dan disetor and fully paid capital was 15,967,115,620 shares.
penuh menjadi 15.967.115.620 saham.
Berdasarkan keputusan RUPSLB tanggal 8 Mei 2025, Based on the decision of the results of the EGMS on
pemegang saham telah menyetujui rencana pengurangan 8 May 2025, shareholders have approved the plan to
modal ditempatkan dan disetor Perusahaan dengan cara reduce the Company's issued and paid-up capital by
menarik seluruh sisa saham treasuri Perusahaan yang withdrawing all remaining treasury shares of the
berasal dari saham yang dibeli kembali dan dimiliki Company originating from shares repurchased and
Perusahaan sejumlah 927.732.000 saham, yang owned by the Company amounting to 927,732,000
mengakibatkan perubahan Pasal 4 ayat (2) Anggaran shares, which resulted in changes to Article 4 paragraph
Dasar Perusahaan. Perusahaan telah melakukan (2) of the Company's Articles of Association. The
Pengurangan Modal sesuai ketentuan Pasal 37 UU No. 40 Company has carried out a Capital Reduction in
Tahun 2007 tentang Perseroan Terbatas dan Pasal 21 accordance with the provisions of Article 37 of Law No.
POJK No. 29 Tahun 2023 tentang Pembelian Kembali 40 of 2007 concerning Limited Liability Company and
Saham oleh Perusahaan Terbuka yang kemudian Article 21 of POJK No. 29 of 2023 concerning Share
diaktakan pada Akta Pernyataan Keputusan Rapat No. 1 Buybacks by Public Companies which were then
tanggal 3 Juni 2025 dan telah memperoleh persetujuan notarized in the Deed of Statement of Meeting
dari Menteri Hukum melalui Surat Keputusan Nomor AHU- Resolutions No. 1 dated 3 June 2025 and has obtained
0045866.AH.01.02.Tahun 2025 tanggal 14 Juli 2025. approval from the Minister of Law through Decree
Proses pengurangan modal telah diselesaikan Number AHU-0045866.AH.01.02.Tahun 2025 dated
berdasarkan surat Bursa Efek Indonesia nomor S- 14 July 2025. The capital reduction process was
08513/BEI.PP1/07-2025 tanggal 22 Juli 2025. Dengan completed based on the letter of the Indonesia Stock
demikian, jumlah saham ditempatkan dan disetor penuh Exchange number S-08513/BEI.PP1/07-2025 dated
menjadi 15.039.383.620 saham. 22 July 2025. Thus, the number of shares issued and fully
paid up became 15,039,383,620 shares.
c. Entitas Anak Yang Dikonsolidasikan c. Consolidated Subsidiary
Tahun Jumlah aset sebelum
beroperasi eliminasi/
komersial/ Persentase kepemilikan/ Total assets before
Year of Percentage of ownership elimination
Entitas anak/ Domisili/ commercial 31 Desember/December 31 Desember/December
Subsidiary Domicile operations 2025 2024 2025 2024
Kepemilikan langsung/ Direct ownership
PT Finansial Integrasi Teknologi Kab. Tangerang 2018 99,00% 19.644 42.071
Perusahaan mendirikan entitas anak dengan nama The Company established a subsidiary under the name
PT Finansial Integrasi Teknologi (“FIT”), berdasarkan of PT Finansial Integrasi Teknologi (“FIT”), based on
akta notaris Herna Gunawan, S.H., M.Kn. No. 4 tanggal Notarial Deed No. 4 of Herna Gunawan, S.H., M.Kn on
15 September 2017, yang telah disetujui oleh Menteri 15 September 2017. The deed of establishment
Hukum dan Hak Asasi Manusia Republik Indonesia was approved the Ministry of Law and Human Rights
berdasarkan surat No. AHU-0043022.AH.01.01.Tahun of the Republic of Indonesia in its decision letter
2017 tanggal 29 September 2017. FIT bergerak dalam No. AHU-0043022.AH.01.01.Tahun 2017 dated
bidang layanan pinjam meminjam uang berbasis 29 September 2017. FIT is engaged in lending and
teknologi informasi (P2P). borrowing services based on information technology
(P2P).
328 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 329
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/7 Exhibit E/7
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
c. Entitas Anak Yang Dikonsolidasikan (Lanjutan) c. Consolidated Subsidiary (Continued)
OJK telah menyetujui permohonan FIT atas platform OJK has granted approval for FIT on the platform
http://www.pinjammodal.id sebagai penyelenggara http://www.pinjammodal.id as the operator of
Layanan Pinjam Meminjam Uang Berbasis Teknologi Information Technology-Based Lending and Borrowing
Informasi untuk terdaftar dan diawasi oleh OJK, melalui Services to be registered and supervised by the
surat No.S-588/NB.213/2018 tertanggal 31 Juli 2018. authority based on Decision Letter No.S-588/NB.213/
Selanjutnya, sesuai dengan ketentuan yang berlaku, 2018 dated 31 July 2018. Furthermore, in accordance
FIT telah mengajukan permohonan izin usaha sebagai with applicable regulations, FIT has applied for
penyelenggara Layanan Pinjam Meminjam Uang a business license as an Information Technology-Based
Berbasis Teknologi Informasi, dan melalui surat Money-Borrowing Service provider, and through letter
No. Kep-20/D.05/2020 tanggal 19 Mei 2020, OJK telah No. Kep-20/D.05/2020 dated 19 May 2020, OJK has
memberikan izin usaha Perusahaan Penyelenggara granted a business license for Information Technology-
Layanan Pinjam Meminjam Uang Berbasis Teknologi Based Money-Borrowing Service Provider to FIT
Informasi kepada FIT dengan Sistem Elektronik Pinjam with the Capital Loan Electronic System, the
Modal, laman situs pinjammodal.id, nama dan merek pinjammodal.id webpage, the name and brand of the
Aplikasi Pinjam Modal pada sistem operasi Android, Capital Loan Application on the Android, iOS and
iOS dan Website, dan model bisnis konvensional. Website operating systems, and conventional business
models.
Berdasarkan Akta Pernyataan Keputusan Rapat No. 6 Based on Deed of Meeting Decision Letter No. 6 dated
tanggal 5 Agustus 2021 yang dibuat di hadapan Veronika 5 August 2021 made before Veronika Farida Riswanti,
Farida Riswanti, S.H., M.Kn, Notaris di Kabupaten S.H., M.Kn, Notary in Tangerang District, which has been
Tangerang, yang telah diterima dan dicatat pada accepted and recorded by the Ministry of Law and
Kementerian Hukum dan Hak Asasi Manusia Republik Human Rights of the Republic of Indonesia in its Decision
Indonesia dalam Surat No. AHU-AH.01.03-0439070 Letter No. AHU-AH.01.03-0439070 dated 20 August
tanggal 20 Agustus 2021, mengenai Perubahan 2021, regarding Changes in the Increase in Issued and
Peningkatan Modal Ditempatkan dan Disetor sebesar Paid-Up Capital of 25,000 shares or with a total nominal
25.000 lembar saham atau dengan nilai nominal value of Rp 25,000,000,000 (full amount). Thus, after
seluruhnya Rp 25.000.000.000 (nilai penuh). Dengan the increase in the issued and paid-up capital of the FIT
demikian setelah peningkatan modal ditempatkan dan to 50,000 shares with a total nominal value of
disetor FIT menjadi 50.000 lembar saham dengan nilai Rp 50,000,000,000 (full amount).
nominal seluruhnya sebesar Rp 50.000.000.000 (nilai
penuh).
Peningkatan modal disetor FIT berdasarkan Akta Notaris The increase in the paid-us capital of FIT based on
No. 6 tanggal 5 Agustus 2021 tersebut, telah dilaporkan Notarial Deed No. 6 dated 5 August 2021, has been
kepada OJK dan telah dicatat dalam administrasi reported to the OJK and has been recorded in the
Direktorat Perizinan Industri Keuangan Non Bank administration of the Directorate of Licensing for the
dan Inovasi Keuangan Digital dalam surat Non-Bank Financial Industry and Digital Financial
No. S-1141/NB.223/2021 tanggal 29 Desember 2021. Innovation in letter No. S-1141/NB.223/2021 dated
29 December 2021.
Berdasarkan Akta Pernyataan Keputusan Para Pemegang Based on the Deed of Statement of Resolutions of
Saham di Luar Rapat No. 10 tanggal 28 Desember 2022 Shareholders Outside the Meeting No. 10 dated
yang dibuat di hadapan Geraldine H.S.S.U. Sianturi, S.H., 28 December 2022 made before Geraldine H.S.S.U.
M.Kn, Notaris di Kota Tangerang Selatan, yang telah Sianturi, S.H., M.Kn, Notary in South Tangerang City,
diterima dan dicatat pada Kementerian Hukum dan Hak which has been received and recorded at the Ministry of
Asasi Manusia Republik Indonesia dalam Surat No. AHU- Law and Human Rights of the Republic of Indonesia in
AH.01.03-0497389 tanggal 29 Desember 2022 mengenai Letter No. AHU-AH.01.03-0497389 dated 29 December
Perubahan Peningkatan Modal Ditempatkan dan Disetor 2022 regarding Changes in the Increase in Issued and
penuh sebesar 25.000 saham atau dengan nilai nominal Fully Paid-Up Capital of 25,000 shares or with a total
seluruh Rp 25.000.000.000 (nilai penuh). Dengan nominal value of Rp 25,000,000,000 (full amount). Thus,
demikian setelah peningkatan modal ditempatkan dan after the increase in the issued and paid-up capital of
disetor FIT menjadi 75.000 lembar saham dengan nilai the FIT to 75,000 shares with a total nominal value of
nominal seluruhnya sebesar Rp 75.000.000.000 (nilai Rp 75,000,000,000 (full amount).
penuh).
Peningkatan modal disetor FIT berdasarkan Akta The increase in the paid-us capital of FIT based on the
Pernyataan Keputusan Para Pemegang Saham Di Luar Deed of Statement of Resolutions of the Shareholders
Rapat (Sirkuler) No. 10 tanggal 28 Desember 2022 Outside the Meeting (Circular) No. 10 dated
tersebut, telah dilaporkan kepada OJK dan telah dicatat 28 December 2022, has been reported to the OJK and has
dalam administrasi Direktorat Perizinan Industri been recorded in the administration of the Directorate
Keuangan Non Bank dan Inovasi Keuangan Digital dalam of Licensing for the Non-Bank Financial Industry
surat No. S-2193/NB.021/2023 tanggal 14 Juni 2023. and Financial Innovation Digital in letter
No. S-2193/NB.021/2023 dated 14 June 2023.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 329
Page 330
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/8 Exhibit E/8
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
c. Entitas Anak Yang Dikonsolidasikan (Lanjutan) c. Consolidated Subsidiary (Continued)
Berdasarkan Akta Pernyataan Keputusan Rapat No. 9 Based on Deed of Meeting Decision Letter No. 9 dated
tanggal 7 November 2023 yang dibuat di hadapan 7 November 2023 made before Geraldine H.S.S.U.
Geraldine H.S.S.U. Sianturi, S.H., M.Kn, Notaris di Sianturi S.H., M.Kn, Notary in South Tangerang District,
Kota Tangerang Selatan, yang telah disetujui which has been approved by the Ministry of Law and
oleh Kementerian Hukum dan Hak Asasi Manusia Human Rights of the Republic of Indonesia in its Decision
Republik Indonesia dalam Surat No. AHU- Letter No. AHU-0243809.AH.01.11.Tahun 2024 dated
0243809.AH.01.11.Tahun 2024 tanggal 11 November 11 November 2024, regarding changes to purpose,
2024, mengenai perubahan maksud dan tujuan serta objectives and business activities and business activities
kegiatan usaha disesuaikan dengan KBLI 2020, susunan adjusted to the 2020 KBLI, the composition of the Board
Direksi dan Dewan Komisaris dan alamat lengkap FIT. of Directors and Board of Commissioners and the address
of FIT.
Berdasarkan Akta Pernyataan Keputusan Para Pemegang Based on the Deed of Statement of Resolutions of
Saham Di Luar Rapat No. 26 tanggal 25 Juli 2025 yang Shareholders Outside the Meeting No. 26 dated
dibuat di hadapan Geraldine H.S.S.U. Sianturi, S.H., 25 July 2025 made before Geraldine H.S.S.U. Sianturi,
M.Kn, Notaris di Kota Tangerang Selatan, yang telah S.H., M.Kn, Notary in South Tangerang City, which has
disetujui oleh Kementerian Hukum Republik Indonesia been approved by the Ministry of Law of the Republic of
dalam Surat No. AHU-AH.01.03-0197143 tanggal 26 Juli Indonesia in Letter No. AHU-AH.01.03-0197143 dated
2025 mengenai Perubahan Peningkatan Modal 26 July 2025 regarding Changes to the Increase in Issued
Ditempatkan dan Disetor penuh sebesar 15.000 saham and Paid-Up Capital by 15,000 shares or with a total
atau dengan nilai nominal seluruh Rp 15.000.000.000 nominal value of Rp 15,000,000,000 (full amount). Thus,
(nilai penuh). Dengan demikian setelah peningkatan, after the increase, FIT’s issued and paid-up capital
modal ditempatkan dan disetor penuh FIT menjadi 90.000 became 90,000 shares with a total nominal value of
lembar saham dengan nilai nominal seluruhnya sebesar Rp 90,000,000,000 (full amount).
Rp 90.000.000.000 (nilai penuh).
Peningkatan modal disetor FIT berdasarkan Akta The increase of paid-up capital of FIT based on the Deed
Pernyataan Keputusan Para Pemegang Saham Di Luar of Statement of Resolutions of the Shareholders Outside
Rapat (Sirkuler) No. 26 tanggal 25 Juli 2025 tersebut, the Meeting (Circular) No. 26 dated 25 July 2025, has
telah dilaporkan kepada OJK sesuai Tanda Terima been reported to the OJK in accordance with the Receipt
Permohonan Perizinan No. 2025.33793N34851.4 tanggal 8 of Licensing Application No. 2025.33793N34851.4 dated
Januari 2026. 8 January 2026.
Pada tanggal 20 Januari 2026, FIT telah mengajukan On 20 January 2026, FIT has submitted application for
pencabutan izin sebagai penyedia LPBBTI kepada OJK revocation of its business license as LPBBTI provider to
(Catatan 37) OJK (Note 37)
Berdasarkan Akta Pernyataan Keputusan Para Pemegang Based on the Deed of Statement of Meeting Resolutions
Saham di Luar Rapat No. 9 tanggal 7 November 2024 Shareholders Outside the Meeting No. 9 dated
yang dibuat di hadapan Geraldine H.S.S.U. Sianturi, S.H., 7 November 2024 made before Geraldine H.S.S.U.
M.Kn, Notaris di Kota Tangerang Selatan, yang telah Sianturi, S.H., M.Kn, Notary in South Tangerang City,
diterima dan dicatat pada Kementerian Hukum dan Hak which has been received and recorded at the Ministry of
Asasi Manusia Republik Indonesia dalam Surat No. AHU- Law and Human Rights of the Republic of Indonesia in
AH.01.09-0274498 tanggal 11 November 2024 mengenai Letter No. AHU-AH.01.09-0274498 dated 11 November
perubahan susunan Dewan Komisaris dan Direksi 2024 regarding changes in the composition of the
Perusahaan. Sehingga pada tanggal 31 Desember 2025 Company's Board of Commissioners and Board of
dan 2024, susunan Dewan Komisaris dan Direksi Directors. Therefore, as of 31 December 2025 and 2024,
Perusahaan adalah sebagai berikut: the composition of the Company's Board of
Commissioners and Board of Directors are as follows:
Dewan Komisaris Board of Commissioners
Presiden Komisaris : Francis Lay Sioe Ho : President Commissioner
Komisaris : Sudjono : Commissioner
Direksi Board of Directors
Presiden Direktur : Tjiu Herman Handoko : President Director
Direktur : Ichwan Peryana : Director
Direktur : Muhamad Fauzi Purnama : Director
d. Entitas Pengendali d. Controlling Entity
Trinugraha Capital & Co. SCA adalah pemegang saham Trinugraha Capital & Co,. SCA is the controlling
pengendali Perusahaan. Jerry Ng (melalui Bravo shareholder of the Company. Jerry Ng (through Bravo
Investment Limited) dan Garibaldi Tohir merupakan Investment Limited) and Garibaldi Tohir are the
pemegang saham dari Trinugraha Capital & Co. SCA shareholders of Trinugraha Capital & Co. SCA whereas
sekaligus sebagai Pemilik Manfaat Akhir (Ultimate the Ultimate Beneficiary Owner of the Company.
Beneficiary Owner) dari Perusahaan.
330 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 331
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/9 Exhibit E/9
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
e. Pembelian Kembali (BuyBack) Saham Perusahaan e. Treasury Stock
Pada tanggal 15 April 2015, Rapat Umum Pemegang On 15 April 2015, the Extraordinary General Meeting of
Saham Luar Biasa (RUPSLB) menyetujui pembelian Shareholders (EGMS) approved the buyback of
kembali saham yang beredar Perusahaan sampai jumlah outstanding shares of the Company up to a maximum of
maksimum sebanyak 10% dari seluruh jumlah saham yang 10% of the total shares issued and fully paid-up capital
ditempatkan dan disetor penuh Perusahaan atau of the Company or amounted of 154,993,456 shares
sebanyak-banyaknya sebesar 154.993.456 saham (before stock split). The funds reserved to repurchase
(sebelum pemecahan saham). Dana yang dicadangkan shares for a maximum period of 18 (eighteen) months
untuk pembelian kembali saham untuk periode paling from the EGMS should not more than Rp 341,000.
lama 18 (delapan belas) bulan sejak RUPSLB adalah tidak
lebih dari Rp 341.000.
Perusahaan telah melakukan pembelian kembali saham The Company has bought back its shares publicly traded
yang diperdagangkan di Bursa Efek Indonesia, on the Indonesia Stock Exchange, as allowed based on
yang diperkenankan berdasarkan Peraturan BAPEPAM–LK The Regulation of BAPEPAM–LK No.XI.B.2 Attachment to
No.XI.B.2 Lampiran Keputusan Ketua BAPEPAM-LK The Decree of The Chairman Of BAPEPAM-LK No.Kep-
No.Kep-105/BL/2010 tanggal 13 April 2010 tentang 105/BL/2010 dated 13 April 2010 regarding the Buyback
Pembelian Kembali Saham yang Dikeluarkan oleh Emiten of Shares Issued by Issuers or Public Companies.
atau Perusahaan Publik.
Pelaksanaan pembelian kembali saham merupakan The implementation of share buybacks is one of the
salah satu bentuk usaha Perusahaan untuk Company's efforts to improve the Company's capital
meningkatkan manajemen permodalan Perusahaan management, where its implementation is expected to
dimana pelaksanaannya diharapkan akan meningkatkan increase the value of net profit per share (EPS).
nilai laba bersih per saham Earnings per Share (EPS).
Per tanggal 15 Oktober 2016, program pembelian kembali As of 15 October 2016, the shares buy back program was
saham ini dinyatakan berakhir dan jumlah saham yang officially ended and total shares bought back by the
telah dibeli kembali oleh Perusahaan adalah sebanyak Company was totaling 1,002,732,000 shares (after stock
1.002.732.000 saham (setelah pemecahan saham) dengan split) for a total purchase price of Rp 252,160.
nilai pembelian sebesar Rp 252.160.
Penjelasan lebih lanjut mengenai pembelian kembali Further explanation regarding the share buyback based
saham berdasarkan RUPSLB 15 April 2015 dapat diihat on the EGMS on 15 April 2015 can be seen in Share
pada Modal Saham – Saham Treasuri (Catatan 20). Capital – Treasury Shares (Note 20).
Pada tanggal 1 Agustus 2025, Perusahaan menyampaikan On 1 August 2025, the company submitted an
Keterbukaan Informasi sehubungan dengan rencana Information Disclosure regarding the plan to buy back
pembelian kembali saham dalam kondisi pasar yang shares in significantly fluctuating market conditions up
berfluktuasi secara signifikan sampai jumlah maksimum to a maximum amount of 3.3% of the total number of
sebanyak 3,3% dari seluruh jumlah saham yang shares issued and fully paid by the Company or
ditempatkan dan disetor penuh Perusahaan atau setara equivalent to a maximum purchase value of Rp 500,000.
dengan nilai pembelian sebanyak-banyaknya Rp 500.000. The buyback period effective from 4 August 2025 to
Periode buyback terhitung sejak tanggal 4 Agustus 2025 31 October 2025, for a maximum period of 3 (three)
sampai dengan 31 Oktober 2025, yaitu maksimum selama months from the date of the Information Disclosure
periode 3 (tiga) bulan terhitung sejak tanggal (1 August 2025).
Keterbukaan Informasi (1 Agustus 2025).
Keterbukaan Informasi ini disampaikan oleh Perusahaan This Information Disclosure is submitted by the Company
dalam rangka memenuhi ketentuan POJK No. 13 tahun in order to comply with POJK No.13 of 2023 concerning
2023 tentang Kebijakan dalam Menjaga Kinerja dan Policies in Maintaining Capital Market Performance and
Stabilitas Pasar Modal pada Kondisi Pasar yang Stability in Significantly Fluctuating Market Conditions,
Berfluktuasi secara Signifikan, POJK No. 29 tahun 2023 POJK No. 29 of 2023 concerning Buy Back of Shares Issued
tentang Pembelian Kembali Saham yang Dikeluarkan oleh By Public Companies, OJK Circular Letter No. S-
Perusahaan Terbuka, Surat Edaran OJK No. S- 17/D.04/2025 dated 18 March 2025 concerning the
17/D.04/2025 tanggal 18 Maret 2025 tentang Kebijakan Implementation Policy of Buyback of Shares Issued by
Pelaksanaan Pembelian Kembali Saham yang Dikeluarkan Public Companies in Significantly Fluctuating Market
oleh Perusahaan Terbuka dalam Kondisi Pasar yang Conditions, and POJK No.31/POJK.04/2015 of 2015
Berfluktuasi secara Signifikan dan POJK No. concerning Disclosure of Information or Material Facts by
31/POJK.04/2015 tahun 2015 tentang Keterbukaan Issuer or Public Companies and its Amandments.
Informasi atau Fakta Material oleh Emiten atau
Perusahaan Publik beserta Perubahannya.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 331
Page 332
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/10 Exhibit E/10
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
e. Pembelian Kembali (BuyBack) Saham Perusahaan e. Treasury Stock (Continued)
(Lanjutan)
Pembelian kembali saham dalam kondisi pasar yang The share buyback in significantly fluctuating market
berfluktuasi secara signifikan adalah bagian dari upaya conditions is part of the Company's efforts to participate
Perusahaan untuk ikut serta mewujudkan terciptanya in realizing the creation of stable Indonesian capital
kegiatan pasar modal Indonesia yang stabil, menjaga market activities, maintaining the stability of share
stabilitas perdagangan saham di pasar modal dalam trading in the capital market in conditions of high
kondisi volatilitas tinggi dan meningkatkan kepercayaan volatility and increasing investor confidence.
investor.
Pada tanggal 31 Desember 2025, jumlah saham yang As of 31 December 2025, total shares bought back by the
telah dibeli kembali oleh Perusahaan adalah sebanyak Company totaling 190,000,000 shares for a total
190.000.000 saham dengan nilai pembelian sebesar purchase price of Rp 147,314.
Rp 147.314.
f. Surat Berharga yang Diterbitkan f. Securities Issued
Surat berharga yang diterbitkan selama 5 (lima) tahun Securities issued for the last 5 (five) years are as
terakhir adalah sebagai berikut: follows:
Tanggal Jumlah
pencatatan di per seri
Bursa Efek Tanggal Total obligasi/ Status
Indonesia/ efektif/ emisi/ Amount per Tanggal pembayaran/
Surat berharga/ Listing date Effective Amount serial jatuh tempo/ Payment
Securities at IDX date issued bonds Due date status
Obligasi Berkelanjutan V 21 Mei/
BFI Finance Indonesia May 2021
(No.S-66/D.04/2021)
Total limit :
(Rp 6.000.000)
Tahap I Tahun 2021 31 Mei/ 600.000
Seri/Serial A: May 2021 200.000 8 Juni/
June 2022 Lunas/Paid
Seri/Serial B: 400.000 28 Mei/
May 2024 Lunas/Paid
Tahap II Tahun 2021 9 Agustus/ 1.000.000
Seri/Serial A: August 2021 210.000 16 Agustus/
August 2022 Lunas/Paid
Seri/Serial B: 260.000 6 Agustus/
August 2023 Lunas/Paid
Seri/Serial C: 530.000 6 Agustus/
August 2024 Lunas/Paid
Tahap III Tahun 2023 30 Januari/ 1.100.000
Seri/Serial A: January 2023 617.000 7 Februari/
February 2024 Lunas/Paid
Seri/Serial B: 227.000 27 Januari/
January 2025 Lunas/Paid
Seri/Serial C: 256.000 27 Januari/ Belum jatuh tempo/
January 2026 Not yet due
Tahap IV Tahun 2023 17 April 1.600.000
Seri/Serial A: 2023 590.000 24 April
2024 Lunas/Paid
Seri/Serial B: 385.000 14 April
2025 Lunas/Paid
Seri/Serial C: 625.000 14 April Belum jatuh tempo/
2026 Not yet due
Tahap V Tahun 2023 16 Juni/ 1.100.000
Seri/Serial A: June 2023 250.000 25 Juni/
June 2024 Lunas/Paid
Seri/Serial B: 850.000 15 Juni/ Belum jatuh tempo/
June 2026 Not yet due
332 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 333
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/11 Exhibit E/11
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
f. Surat Berharga yang Diterbitkan (Lanjutan) f. Securities Issued (Continued)
Surat berharga yang diterbitkan selama 5 (lima) tahun Securities issued for the last 5 (five) years are as
terakhir adalah sebagai berikut: (Lanjutan) follows: (Continued)
Tanggal
pencatatan di Jumlah
Bursa Efek Total per seri Status
Indonesia/ Tanggal emisi/ obligasi/ Tanggal pembayaran/
Surat berharga/ Listing date efektif/ Amount Amount per jatuh tempo/ Payment
Securities at IDX Effective issued serial Due date status
Obligasi Berkelanjutan VI 18 September
BFI Finance Indonesia 2024
(No.S-130/D.04/2024)
Total limit :
(Rp 6.000.000)
Tahap I Tahun 2024 26 September 600.000
Seri/Serial A: 2024 100.000 5 Oktober/
October 2025 Lunas/Paid
Seri/Serial B: 200.000 25 September Belum jatuh tempo/
2026 Not yet due
Seri/Serial C: 300.000 25 September Belum jatuh tempo/
2027 Not yet due
Tahap II Tahun 2025 18 Juni/ 1.000.000
Seri/Serial A: June 2025 414.300 27 Juni/ Belum jatuh tempo/
June 2026 Not yet due
Seri/Serial B: 265.700 17 Juni/ Belum jatuh tempo/
June 2027 Not yet due
Seri/Serial C: 320.000 17 Juni/ Belum jatuh tempo/
June 2028 Not yet due
g. Dewan Komisaris, Direksi, Dewan Pengawas Syariah, g. Board of Commissioners, Board of Directors, Sharia
Komite Audit, Internal Audit, Sekretaris Perusahaan Supervisory Board, Audit Committee, Internal Audit,
dan Karyawan Corporate Secretary and Employees
Berdasarkan Akta Pernyataan Keputusan Rapat No. 4 Based on Deed of Meeting Decision Letter No. 4 dated
tanggal 15 September 2025 yang dibuat di hadapan Shanti 15 September 2025 made before Shanti Indah Lestari,
Indah Lestari, S.H., M.Kn, Notaris di Kabupaten S.H., M.Kn, Notary in Tangerang District, which has been
Tangerang, yang telah diterima dan dicatat pada accepted and recorded by the Ministry of Law of the
Kementerian Hukum Republik Indonesia dalam Surat Republic of Indonesia in its Decision Letter No. AHU-
No. AHU-AH.01.09-0340039 tanggal 19 September 2025, AH.01.09-0340039 dated 19 September 2025, the
susunan Dewan Komisaris, Direksi dan Dewan Pengawas composition of the Company’s Board of Commisioners,
Syariah Perusahaan pada tanggal 31 Desember 2025 Board of Directors and Sharia Supervisory Board as of
adalah sebagai berikut: 31 December 2025 are as follows:
31 Desember/December 2025
Dewan Komisaris Board of Commissioners
Presiden Komisaris : Francis Lay Sioe Ho* : President Commissioner
Komisaris : Kusmayanto Kadiman : Commissioner
Komisaris : Saurabh Narayan Agarwal : Commissioner
Komisaris (Independen) : Johanes Sutrisno : Commissioner (Independent)
Komisaris (Independen) : Alfonso Napitupulu : Commissioner (Independent)
Direksi Board of Directors
Presiden Direktur : Sutadi* : President Director
Direktur Keuangan : Sudjono : Finance Director
Direktur Transformasi : Goklas : Transformation Director
Direktur Marketing : Tan Rudy Eddywidjaja : Marketing Director
Direktur Aset Management : Iwan : Asset Management Director
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua : Asrori S. Karni : Chairman
Anggota : Helda Rahmi Sina : Member
*) Mengangkat Francis Lay Sioe Ho sebagai Presiden Komisaris Perseroan, *) Appointed Francis Lay Sioe Ho as President Appointed Francis Lay Sioe
menggantikan Kusmayanto Kadiman dan mengangkat Sutadi sebagai Ho as President Commissioner of the Company, replacing Kusmayanto
Presiden Direktur Perseroan Berdasarkan Akta Pernyataan Keputusan Kadiman Commissioner of the Company and appointed Sutadi as the new
Rapat No. 4 tanggal 30 Januari 2025 President Director of the Company Based on Deed of Meeting Decision
Letter No. 4 dated 30 January 2025.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 333
Page 334
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/12 Exhibit E/12
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
g. Dewan Komisaris, Direksi, Dewan Pengawas Syariah, g. Board of Commissioners, Board of Directors, Sharia
Komite Audit, Internal Audit, Sekretaris Perusahaan Supervisory Board, Audit Committee, Internal Audit,
dan Karyawan (Lanjutan) Corporate Secretary and Employees (Continued)
Berdasarkan Akta Pernyataan Keputusan Rapat No. 7 Based on Deed of Meeting Decision Letter No. 7 dated
tanggal 22 Mei 2024 yang dibuat di hadapan Shanti Indah 22 May 2024 made before Shanti Indah Lestari, S.H.,
Lestari, S.H., M.Kn, Notaris di Kabupaten Tangerang, M.Kn, Notary in Tangerang District, which has been
yang telah diterima dan dicatat pada Kementerian Hukum accepted and recorded by the Ministry of Law and Human
dan Hak Asasi Manusia Republik Indonesia dalam Surat Rights of the Republic of Indonesia in its Decision Letter
No.AHU-AH.01.09-0210827 tanggal 6 Juni 2024, No. AHU-AH.01.09-0210827 dated 6 June 2024, as stated
sebagaimana ditegaskan kembali dalam Akta Pernyataan in the Deed of Meeting Decision Letter No. 5 dated
Keputusan Rapat No. 5 tanggal 12 November 2024 yang 12 November 2024 made before Shanti Indah Lestari,
dibuat di hadapan Shanti Indah Lestari, S.H., M.Kn, S.H., M.Kn, Notary in Tangerang District, which has been
Notaris di Kabupaten Tangerang, yang telah diterima dan accepted and recorded by the Ministry of Law and Human
dicatat pada Kementerian Hukum dan Hak Asasi Manusia Rights of the Republic of Indonesia in its Decision Letter
Republik Indonesia dalam Surat No. AHU-AH.01.09- No. AHU-AH.01.09-0277608 dated 20 November 2024, the
0277608 tanggal 20 November 2024, susunan Dewan composition of the Company’s Board of Commisioners,
Komisaris, Direksi dan Dewan Pengawas Syariah Board of Directors and Sharia Supervisory Board as of
Perusahaan pada tanggal 31 Desember 2024 adalah 31 December 2024 are as follows:
sebagai berikut:
31 Desember/December 2024
Dewan Komisaris Board of Commissioners
Presiden Komisaris : Kusmayanto Kadiman : President Commissioner
Komisaris (Independen) : Johanes Sutrisno : Commissioner (Independent)
Komisaris (Independen) : Alfonso Napitupulu : Commissioner (Independent)
Komisaris : Sunata Tjiterosampurno** : Commissioner
Komisaris : Saurabh Narayan Agarwal : Commissioner
Direksi Board of Directors
Presiden Direktur : Francis Lay Sioe Ho* : President Director
Direktur Bisnis & Manajemen Aset : Sutadi : Business & Asset Management Director
Direktur Keuangan : Sudjono : Finance Director
Direktur Operasional : Andrew Adiwijanto* : Operations Director
Direktur Transformasi : Goklas : Transformation Director
*) Francis Lay Sioe Ho dan Andrew Adiwijanto mengundurkan diri selaku *) Francis Lay Sioe Ho and Andrew Adiwijanto has resigned as the
Presiden Direktur dan Direktur Operasional berdasarkan surat tertanggal Company’s President Director and Operations Director based on letter
27 Desember 2024 dan Keterbukaan Informasi tertanggal 30 Desember dated 27 December 2024 and Information Disclosure dated 30 December
2024 serta pengunduran diri tersebut telah diterima dan disahkan dalam 2024 and the resignation has been accepted and ratified at the
Rapat Umum Pemegang Saham Luar Biasa tanggal 30 Januari 2025 Extraordinary General Meeting of Shareholders on 30 January 2025.
**) Sunata Tjiterosampurno mengundurkan diri selaku Komisaris berdasarkan **) Sunata Tjiterosampurno has resigned as the Commissioner based on
surat dan Keterbukaan Informasi tertanggal 18 Juni 2025 serta letter and Information Disclosure dated 18 June 2025 and the
pengunduran diri tersebut telah diterima dan disahkan dalam Rapat Umum resignation has been accepted and ratified at the Extraordinary
Pemegang Saham Luar Biasa tanggal 15 September 2025 General Meeting of Shareholders on 15 September 2025
Dewan Pengawas Syariah Sharia Supervisory Board
Ketua : Asrori S. Karni : Chairman
Anggota : Helda Rahmi Sina : Member
Susunan Komite Audit Perusahaan dan Entitas Anaknya The composition of the Audit Committee of the Company
pada tanggal 31 Desember 2025 dan 2024 adalah sebagai and Its Subsidiary as of 31 December 2025 and 2024 are
berikut: as follows:
Komite Audit Audit Committee
Ketua : Johanes Sutrisno : Chairman
Anggota : Edy Sugito : Member
Anggota : Friso Palilingan : Member
Internal Audit Internal Audit
Berdasarkan Surat Keputusan Direksi Perusahaan Based on the Virtue of the Board of Directors of
No. SK/BOD/VII/14-009 tanggal 16 Juli 2014, yang the Company No. SK/BOD/VII/14-009 dated 16 July 2014,
dikukuhkan kembali dengan Surat Keputusan Direksi that was reaffirmed by the Company's Board of Directors'
Perusahaan No. SK/AUDIT/25-0335 tanggal 19 September Decree No. SK/AUDIT/25-0335 dated 19 September
2025, Kepala Unit Internal Audit Perusahaan pada tanggal 2025, Head of Internal Audit Unit of the Company as of
31 Desember 2025 dan 2024 adalah Fledy Rizmara. 31 December 2025 and 2024 is Fledy Rizmara.
334 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 335
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/13 Exhibit E/13
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. UMUM (Lanjutan) 1. GENERAL (Continued)
g. Dewan Komisaris, Direksi, Dewan Pengawas Syariah, g. Board of Commissioners, Board of Directors, Sharia
Komite Audit, Internal Audit, Sekretaris Perusahaan Supervisory Board, Audit Committee, Internal Audit,
dan Karyawan (Lanjutan) Corporate Secretary and Employees (Continued)
Sekretaris Perusahaan Corporate Secretary
Berdasarkan Surat Keputusan Direksi Perusahaan No. Based on the Virtue of the Board of Directors
SK/BOD/I/25-0017 tanggal 31 Januari 2025, Sekretaris of the Company No. SK/BOD/I/25-0017 dated
Perusahaan pada tanggal 31 Desember 2025 adalah Budi 31 January 2025, Corporate Secretary as of
Darwan Munthe. 31 December 2025 is Budi Darwan Munthe.
Berdasarkan Surat Keputusan Direksi Perusahaan Based on the Virtue of the Board of Directors
No. BOD-BOC/VI/2014-0011 tanggal 24 Juni 2014, of the Company No. BOD-BOC/VI/2014-0011 dated
Sekretaris Perusahaan pada tanggal 31 Desember 2024 24 June 2014, Corporate Secretary as of 31 December
adalah Sudjono. 2024 is Sudjono.
Karyawan Employees
Pada tanggal 31 Desember 2025 dan 2024, Perusahaan dan As of 31 December 2025 and 2024, the Company and Its
Entitas Anaknya mempunyai 5.663 dan 5.743 karyawan Subsidiary have 5,663 and 5,743 permanent employees;
tetap; dan 4.877 dan 4.455 karyawan tidak tetap. and 4,877 and 4,455 non-permanent employees.
Personil manajemen kunci Perusahaan mencakup anggota Key management personnel of the Company consist of
Dewan Komisaris dan Direksi. members of Board of Commissioners and Board of
Directors.
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
Kebijakan-kebijakan akuntansi di bawah ini telah diterapkan The significant accounting policies set out below have been
secara konsisten pada seluruh periode yang disajikan dalam applied consistently to all periods presented in these
laporan keuangan konsolidasian ini. consolidated financial statements.
Laporan keuangan konsolidasian Perusahaan dan Entitas The consolidated financial statements of the Company and
Anaknya disetujui untuk diterbitkan oleh Direksi pada tanggal Its Subsidiary were authorized for issuance by Board of
5 Maret 2026. Directors on 5 March 2026.
a. Pernyataan Kepatuhan a. Statement of Compliance
Laporan keuangan konsolidasian telah disusun dan The consolidated financial statements have been
disajikan sesuai dengan Standar Akuntansi Keuangan di prepared and presented in accordance with Indonesian
Indonesia (“PSAK”), termasuk Interpretasi Standar Financial Accounting Standards (“IFAS”), which includes
Akuntansi Keuangan, yang diterbitkan oleh Ikatan the Interpretations of Financial Accounting Standards,
Akuntan Indonesia (IAI) dan Peraturan Badan Pengawas issued by the Indonesian Institute of Accountants
Pasar Modal dan Lembaga Keuangan (“Bapepam-LK”, yang and the Capital Market and Financial Institution
fungsinya dialihkan kepada Otoritas Jasa Keuangan Supervisory Agency (“Bapepam-LK”, which the function
(“OJK”) sejak tanggal 1 Januari 2013) No. VIII.G.7 tentang has been transferred to Financial Service Authority
“Penyajian dan Pengungkapan Laporan Keuangan Emiten (“OJK”) since 1 January 2013) Regulation No. VIII.G.7
atau Perusahaan Publik” yang terdapat dalam Lampiran regarding “Emiten or Public Company’s Financial
Keputusan Ketua Bapepam-LK No. KEP-347/BL/2012 Statements Presentation and Disclosure Guidelines” as
tanggal 25 Juni 2012. included in the Appendix of the Decision Decree of the
Chairman of Bapepam-LK No. KEP-347/BL/2012 dated
25 June 2012.
b. Dasar Penyusunan Laporan Keuangan Konsolidasian b. Basis of Preparation of the Consolidated Financial
Statements
Laporan keuangan konsolidasian, kecuali laporan arus kas The consolidated financial statements, except the
konsolidasian, disusun atas dasar akrual dan berdasarkan consolidated statement of cash flows, were prepared on
konsep nilai historis, kecuali untuk instrumen keuangan the accrual basis and under the historical cost concepts,
derivatif yang diukur pada nilai wajar dan utang atas excepts for derivative financial instruments which are
kewajiban imbalan pasca-kerja yang diakui sebesar nilai measured at fair value and the liability for post-
kini kewajiban imbalan pasti dikurangi dengan nilai wajar employment benefit obligations which is recognized at
aset program. the present value of defined benefit obligations less the
fair value of plan asset.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 335
Page 336
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/14 Exhibit E/14
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
b. Dasar Penyusunan Laporan Keuangan Konsolidasian b. Basis of Preparation of the Consolidated Financial
(Lanjutan) Statements (Continued)
Laporan arus kas konsolidasian disusun dengan The consolidated statement of cash flows are prepared
menggunakan metode langsung dengan mengelompokkan based on the direct method by classifying cash flows on
arus kas ke dalam aktivitas operasi, investasi dan the basis of operating, investing and financing activities.
pendanaan.
Seluruh angka dalam laporan keuangan konsolidasian ini Figures in the consolidated financial statements are
dibulatkan menjadi dan disajikan dalam jutaan Rupiah rounded to and expressed in millions of Rupiah, unless
yang terdekat, kecuali dinyatakan lain. otherwise stated.
Transaksi-transaksi yang termasuk dalam laporan Items included in the consolidated financial statements
keuangan konsolidasian pada tiap entitas diukur dengan of each entities are measured using the currency of
mata uang lingkungan ekonomi utama di mana entitas primary economic environment in which the entity
beroperasi (mata uang fungsional). Laporan keuangan operates (the functional currency). The consolidated
konsolidasian disajikan dalam Rupiah, yang merupakan financial statements are presented in Rupiah, which is
mata uang fungsional dan penyajian Perusahaan dan the Company and Its Subsidiary’ functional and
Entitas Anaknya. presentation currency.
Kebijakan-kebijakan akuntansi di bawah ini telah The significant accounting policies set out below have
ditetapkan secara konsisten pada seluruh periode yang been applied consistenly to all periods presented in
disajikan dalam laporan keuangan ini. these financial statements.
c. Perubahan Kebijakan Akuntansi c. Change in Accounting Policies
Perubahan pada pernyataan standar akuntansi Changes to the statements of financial accounting
keuangan dan interpretasi pernyataan standar standards and interpretations of statement of
akuntansi keuangan financial accounting standards
Penerapan dari revisi standar berikut yang berlaku The adoption of these amended standards, which are
efektif mulai 1 Januari 2025 tidak menimbulkan effective beginning 1 January 2025 did not result in
perubahan substansial terhadap kebijakan akuntansi substantial changes to the Company’s accounting policies
Perusahaan dan pengaruh yang material atas jumlah yang and had no material impact on the amounts reported for
dilaporkan atas tahun berjalan atau tahun sebelumnya, the current or prior financial years, as follows :
sebagai berikut :
- Amendemen PSAK 221 “Pengaruh Perubahan Kurs - Amendment of SFAS 221 “The Effects of Changes in
Valuta Asing” – Kekurangan Ketertukaran; Foreign Exchange Rates” – Lack of Exchangeability;
- PSAK 117 “Kontrak Asuransi”. - SFAS 117 “Insurance Contract”.
Penerapan dari revisi standar berikut yang berlaku efektif The adoption of these amended standards, which are
mulai 1 Januari 2026 tidak menimbulkan perubahan effective beginning 1 January 2026 did not result in
substansial terhadap kebijakan akuntansi Perusahaan dan substantial changes to the Company’s accounting
pengaruh yang material atas jumlah yang dilaporkan tahun policies and had no material impact on the amounts
berjalan atau tahun sebelumnya, sebagai berikut : reported for the current or prior financial years, as
follows:
- Amendemen PSAK 109 dan PSAK 107 “Pengungkapan - Amendment of SFAS 109 and SFAS 107 “Classification
tentang Klasifikasi dan Pengukuran Instrumen and Measurement of Financial Instruments”;
Keuangan”;
- Amendemen PSAK 109 dan PSAK 107 terkait Kontrak - Amendments to SFAS 109 and SFAS 107 of Contracts
yang Mengacu pada Listrik Bergantung Alam. Referencing Nature-dependent Electricity.
Penerapan dari standar baru yang berlaku efektif The adoption of the new standar is effective on
1 Januari 2027 dengan penerapan retrospektif diwajibkan, 1 January 2027 with retrospective application is
sehingga informasi komparatif untuk tahun yang berakhir required, and so the comparative information for the
31 Desember 2026 disajikan ulang sesuai dengan standar financial year ending 31 December 2026 will be restated
ini: accordance with this standard:
- PSAK 118 ”Penyajian dan Pengungkapan dalam Laporan - SFAS 118 ”Presentation and Disclosure in Financial
Keuangan”. Statements”.
336 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 337
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/15 Exhibit E/15
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
d. Prinsip Konsolidasian d. Principles of Consolidation
Laporan keuangan konsolidasian meliputi laporan The consolidated financial statement consists of the
keuangan Perusahaan dan Entitas Anak. Transaksi antar Company and Its Subsidiary financial statements.
entitas dan saldo antara Perusahaan dan Entitas anak Intercompany transactions and balance between The
dieliminasi secara penuh. Company and Its Subsidiary are therefore eliminated in
full.
Entitas Anak merupakan investee yang dikendalikan oleh A subsidiary is when an entity has control over an
Perusahaan. Perusahaan mengendalikan investee jika investee. The entity controls an investee if all three of
tiga elemen berikut terpenuhi: pengendalian atas the following elements are present: power over the
investee, eksposur atas hak imbal hasil variable dari investee, exposure to variable returns from the investee,
keterlibatannya dengan investee, dan kemampuan untuk and the ability of the investor to use its power to affect
menggunakan pengendaliannya atas investee untuk those variable returns. Control is reassessed whenever
mempengaruhi jumlah imbal hasil variabel dari investor. facts and circumstances indicate that there may be a
Pengendalian dapat dikaji kembali ketika fakta dan change in any of these elements of control.
kondisi mengindikasikan terdapat kemungkinan
perubahan pada elemen pengendalian tersebut.
Kepentingan nonpengendali merupakan proporsi atas Non-controlling interests represent the proportion of the
hasil usaha dan aset neto Entitas Anak yang tidak results and net assets of Subsidiary not attributable to
diatribusikan pada Perusahaan. the Company.
Perusahaan mengakui kepentingan nonpengendali The Company recognizes any non-controlling interest in
pada pihak yang diakuisisi baik sebesar nilai wajar atau the acquiree on an acquisitions-by-acquisition basis,
sebesar bagian proporsional kepentingan nonpengendali either at fair value or at the non-controlling interest
atas aset neto pihak yang diakuisisi. Kepentingan proportionate share of the acquiree’s net assets. Non-
nonpengendali disajikan di ekuitas dalam laporan posisi controlling interests is reported as equity in the
keuangan konsolidasian, terpisah dari ekuitas pemilik consolidated statement of financial position, separate
Entitas Induk. from the owner of the Parent’s equity.
e. Aset dan Liabilitas Keuangan e. Financial Assets and Liabilities
Aset keuangan diklasifikasikan ke dalam kategori Financial assets are classified in categories of
(i) diukur pada nilai wajar melalui laporan laba rugi, (i) fair value through profit or loss, (ii) amortised cost,
(ii) biaya perolehan diamortisasi, dan (iii) aset keuangan and (iii) fair value through other comprehensive
yang diukur pada nilai wajar pendapatan komprehensif income. At initial measurement, financial assets
lain. Pada pengakuan awal, aset keuangan diukur pada determined based on fair value, added with transactions
nilai wajar, ditambah biaya transaksi yang dapat cost attributable direct to financial assets. Management
diatribusikan langsung untuk aset keuangan yang yang determines the classification of its financial assets prior
diukur pada biaya perolehan diamortisasi dan pendapatan initial recognition based on assessment of businesss
komprehensif lain. Manajemen menentukan klasifikasi model for managing the financial assets or contractual
aset keuangan tersebut setelah pengakuan awal aset cashflows give rise to solely payments of principal and
keuangan berdasarkan model bisnis entitas dalam interest.
mengelola aset keuangan atau karakteristik arus kas
kontraktual hanya dari pembayaran pokok dan bunga saja.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 337
Page 338
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/16 Exhibit E/16
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.1. Klasifikasi e.1. Classification
Perusahaan dan Entitas Anaknya mengklasifikasi aset The Company and Its Subsidiary classify its financial
keuangannya dalam kategori: assets into the following category:
(i) Aset keuangan yang diukur pada nilai wajar (i) Financial assets at fair value through profit or
melalui laporan laba rugi loss
Aset keuangan yang diukur pada nilai wajar Financial assets at fair value through profit
melalui laporan laba rugi adalah aset keuangan or loss are financial assets classified as held for
yang diperdagangkan. Entitas dapat menetapkan trading. Entity may determine at initial
pilihan yang tidak dapat dibatalkan pada saat classification of an uncancellable chosen
pengakuan awal atas investasi pada intrumen category of an financial asset on a certain equity
ekuitas tertentu yang pada umumnya diukur pada instrument which commonly measured the fair
nilai wajar melalui laba rugi sehingga perubahan value through profit and loss rise change in the
nilai wajarnya disajikan dalam penghasilan fair value presented under fair value through
komprehensif lain. other comprehensive income.
(ii) Biaya perolehan diamortisasi (ii) Amortised cost
Aset keuangan diukur pada biaya perolehan Financial assets determined under amortised
diamortisasi jika memenuhi kriteria sebagai cost if met criteria as autlined below:
berikut:
a. aset keuangan dikelola dalam bisnis yang a. financial assets held within a business whose
bertujuan untuk memiliki arus kas keuangan objective is to hold financial assets in order
dalam rangka mendapatkan arus kas to collect contractual cashflows; and
kontraktual; dan
b. persyaratan kontraktual aset keuangan yang b. determining contractual financial assets give
menimbulkan arus kas yang hanya dari rise to solely payments of principal and
pembayaran pokok dan bunga. interest.
Pada saat pengakuan awal, aset keuangan diakui Financial assets are initially recognised at fair
pada nilai wajarnya ditambah nilai transaksi dan value plus transaction costs and subsequently
selanjutnya diukur pada biaya perolehan measured at amortised cost using the effective
diamortisasi dengan menggunakan metode suku interest rate method, less provision for
bunga efektif, dikurangi cadangan penurunan impairment.
nilai.
(iii) Aset keuangan yang diukur pada nilai wajar (iv)(iii) A Fair value through other comprehensive
penghasilan komprehensif lain income
Aset keuangan yang diukur pada nilai wajar Fair value through other comprehensive income
pendapatan komprehensif lain adalah aset are non-derivative financial assets with fixed or
keuangan non-derivatif dengan pembayaran tetap determined payments and fixed maturities that
atau telah ditentukan dan jatuh temponya telah the management has positive intention and
ditetapkan, serta manajemen mempunyai intensi ability to hold to maturity, other than:
positif dan kemampuan untuk memiliki aset
keuangan tersebut hingga jatuh tempo, kecuali:
a. Aset keuangan dikelola dalam model bisnis a. Financial assets managed under business
yang tujuannya akan terpenuhi dengan model which its objective is to both collect
mendapatkan arus kas kontraktual dan the contractual cash flows and sell the
menjual aset keuangan; dan financial assets; and
b. Persyaratan kontraktual dari aset keuangan b. Contractual cash flows characteristics test
tersebut memberikan hak pada tanggal resulting rights on certain basic term of
tertentu atas arus kas yang hanya dari cashflows meets the solely payments of
pembayaran pokok dan bunga dari jumlah principal and interest.
pokok terutang.
338 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 339
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/17 Exhibit E/17
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.1. Klasifikasi (Lanjutan) e.1. Classification (Continued)
Perusahaan dan Entitas Anaknya mengklasifikasi The Company and Its Subsidiary classify its financial
liabilitas keuangannya dalam kategori: liabilities into the following category:
(i) Liabilitas keuangan yang diukur pada nilai wajar (i) Financial liabilities at fair value through
melalui laporan laba rugi profit or loss
Liabilitas keuangan yang diukur pada nilai wajar Financial liabilities at fair value through profit
melalui laporan laba rugi adalah liabilitas or loss are financial liabilities classified as held
keuangan yang diperdagangkan. for trading.
Liabilitas keuangan diklasifikasikan sebagai A financial liability is classified as held for
liabilitas keuangan yang diperdagangkan jika trading if it is acquired principally for the
perolehannya ditujukan untuk dijual atau dibeli purpose of selling or repurchasing it in the
kembali dalam waktu dekat dan terdapat adanya short-term and there is evidence of a recent
kecenderungan ambil untung. actual pattern of profit taking.
(ii) Liabilitas keuangan yang diukur dengan biaya (iii) (ii) Financial liabilities measured at amortized
perolehan diamortisasi cost
Liabilitas keuangan yang tidak diklasifikasikan Financial liabilities that are not classified as at
sebagai liabilitas keuangan yang diukur pada nilai fair value through profit and loss fall into this
wajar melalui laporan laba rugi diklasifikasikan category and are measured at amortized cost.
dalam kategori ini dan diukur pada biaya
perolehan diamortisasi.
Perusahaan dan Entitas Anaknya mengelompokkan The Company and Its Subsidiary classify all of its
seluruh liabilitas keuangannya sebagai liabilitas financial liabilities as other financial liabilities
keuangan lainnya yang diukur pada biaya perolehan measured at amortized cost, except for derivative
diamortisasi, kecuali untuk liabilitas derivatif yang liabilities which are classified as financial
diklasifikasikan sebagai instrumen keuangan yang instruments measured at fair value through profit or
diukur pada nilai wajar melalui laba rugi. loss (“FVTPL”).
e.2. Pengakuan e.2. Recognition
Perusahaan dan Entitas Anaknya pada awalnya The Company and Its Subsidiary initially recognize
mengakui aset dan liabilitas keuangan pada tanggal financial assets and liabilities on the date of their
perolehan aset dan liabilitas keuangan tersebut. origination.
Pada saat pengakuan awal, aset atau liabilitas At initial recognition, the Company and Its
keuangan Perusahaan dan Entitas Anaknya diukur Subsidiary’s financial assets or liabilities are
pada nilai wajar ditambah/dikurangi (untuk instrumen measured at fair value plus/minus (for financial
keuangan yang tidak diukur pada nilai wajar melalui instruments not subsequently measured at fair value
laba rugi setelah pengakuan awal) biaya transaksi through profit or loss) transaction costs that are
yang dapat diatribusikan secara langsung atas directly attributable to the acquisition of financial
perolehan aset keuangan atau penerbitan liabilitas assets or issue of financial liabilities. The
keuangan. Pengukuran aset dan liabilitas keuangan subsequent measurement of financial assets and
setelah pengakuan awal tergantung pada klarifikasi liabilities depends on their classifications.
aset dan liabilitas keuangan tersebut.
Biaya transaksi hanya meliputi biaya-biaya yang dapat Transaction costs include only those costs that are
diatribusikan secara langsung untuk perolehan suatu directly attributable to the acquisition of a financial
aset keuangan atau penerbitan suatu liabilitas asset or issuance of a financial liability and they are
keuangan dan merupakan biaya tambahan yang tidak incremental costs that would not have been incurred
akan terjadi apabila instrumen keuangan tersebut if the instrument had not been acquired or issued.
tidak diperoleh atau diterbitkan. Untuk aset In the case of financial assets, transaction costs are
keuangan, biaya transaksi ditambahkan pada jumlah added to the amount recognized initially, while for
yang diakui pada awal pengakuan aset, sedangkan financial liabilities, transaction costs are deducted
untuk liabilitas keuangan, biaya transaksi dikurangkan from the amount of debt recognized initially.
dari jumlah utang yang diakui pada awal pengakuan
liabilitas.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 339
Page 340
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/18 Exhibit E/18
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.2. Pengakuan (Lanjutan) e.2. Recognition (Continued)
Biaya transaksi tersebut diamortisasikan selama umur Such transaction costs are amortized over the terms
instrumen berdasarkan metode suku bunga efektif dan of the instruments based on the effective interest
dicatat sebagai bagian dari pendapatan pembiayaan method and are recorded as part of financing income
untuk biaya transaksi sehubungan dengan aset for transaction costs related to financial assets and
keuangan dan sebagai bagian dari beban bunga dan as part of interest and financing charges for
keuangan untuk biaya transaksi sehubungan dengan transaction costs related to financial liabilities.
liabilitas keuangan.
Setelah pengakuan awal, pinjaman yang diberikan dan Subsequent to initial recognition, loans and
piutang dicatat pada biaya perolehan diamortisasi receivables are measured at amortized cost using
dengan menggunakan metode suku bunga efektif. the effective interest method.
Setelah pengakuan awal, Perusahaan mengukur Subsequent to initial recognition, the Company
seluruh liabilitas keuangan dicatat pada biaya measures all financial liabilities at amortized cost
perolehan diamortisasi dengan menggunakan metode using the effective interest method.
suku bunga efektif.
e.3. Penghentian pengakuan e.3. Derecognition
Perusahaan dan Entitas Anaknya menghentikan The Company and Its Subsidiary derecognize a
pengakuan aset keuangan pada saat hak kontraktual financial asset when the contractual rights to the
atas arus kas yang berasal dari aset keuangan tersebut cash flows from the asset expire, or when the
kadaluarsa, atau pada saat Perusahaan dan Entitas Company and Its Subsidiary transfer the rights to
Anaknya mentransfer seluruh hak untuk menerima receive the contractual cash flows on the financial
arus kas kontraktual dari aset keuangan dalam asset in a transaction in which substantially all the
transaksi di mana Perusahaan secara substansial telah risks and rewards of ownership of the financial asset
mentransfer seluruh risiko dan manfaat atas are transferred. Any interest in transferred
kepemilikan aset keuangan yang ditransfer. Setiap financial assets that is created or retained by the
hak atau kewajiban atas aset keuangan yang Company is recognized as a separate asset or
ditransfer yang timbul atau yang masih dimiliki oleh liability.
Perusahaan diakui sebagai aset atau liabilitas secara
terpisah.
Perusahaan dan Entitas Anaknya menghentikan The Company and Its Subsidiary derecognize
pengakuan piutang pembiayaan pada saat financing receivables at the time when the vehicle
dilakukannya penarikan jaminan kendaraan. Selain collateral has been taken out. In addition, the
itu, Perusahaan menghentikan pengakuan liabilitas Company derecognizes a financial liability when its
keuangan pada saat liabilitas yang ditetapkan dalam contractual obligations are discharged or cancelled
kontrak dilepaskan atau dibatalkan atau kadaluarsa. or expired.
Dalam transaksi di mana Perusahaan dan Entitas In transaction where the Company and Its Subsidiary
Anaknya secara subtansial tidak memiliki atau tidak neither retain nor transfer substantially all the risks
mentransfer seluruh risiko dan manfaat atas and rewards of a financial asset, the Company and
kepemilikan aset keuangan, Perusahaan dan Entitas Its Subsidiary derecognize the asset if it does not
Anaknya menghentikan pengakuan aset tersebut jika retain control over the asset. The right and
Perusahaan tidak lagi memiliki pengendalian atas obligation retained in the transfer are recognized
aset tersebut. Hak dan kewajiban yang timbul atau separately as assets and liabilities as appropriate.
yang masih dimiliki dalam transfer tersebut diakui In transfers where control over the asset is retained,
secara terpisah sebagai aset atau liabilitas. Dalam the Company and Its Subsidiary continue to
transfer di mana pengendalian atas aset masih recognize the asset to the extent of its continuing
dimiliki, Perusahaan dan Entitas Anaknya tetap involvement determined by the extent to which it is
mengakui aset yang ditransfer tersebut sebesar exposed to changes in the value of the transferred
keterlibatan berkelanjutan yang ditentukan oleh asset.
besarnya perubahan nilai aset yang ditransfer.
340 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 341
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/19 Exhibit E/19
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.3. Penghentian pengakuan (Lanjutan) e.3. Derecognition (Continued)
Perusahaan dan Entitas Anaknya menghapusbukukan The Company and Its Subsidiary write off a financing
saldo piutang pembiayaan, pada saat Perusahaan dan receivables, when the Company and Its Subsidiary
Entitas Anaknya menentukan bahwa aset tersebut determine that the asset is uncollectible. This
tidak dapat ditagih lagi. Keputusan ini diambil decision was taken after consideration of
setelah mempertimbangkan informasi seperti telah information such as the occurrence of significant
terjadinya perubahan signifikan pada kemampuan changes to the financial ability of consumers so that
keuangan konsumen sehingga konsumen tidak lagi consumers can no longer pay the loan, or consumer
dapat melunasi liabilitasnya, atau konsumen atau or units being financed cannot be found or is
unit yang dibiayai tidak dapat ditemukan atau controlled by third party or the net realizable value
dikuasai oleh pihak ketiga atau nilai realisasi neto of collateral is not expected to be sufficient to pay
atas jaminan yang dikuasai kembali diperkirakan the entire exposure for the financing receivables.
tidak akan cukup untuk melunasi seluruh ekposur
piutang pembiayaan.
Penerimaan atau pemulihan kembali aset keuangan Collection or recovery of financial assets which had
yang telah dihapusbukukan dicatat sebagai been written-off is recorded as other income.
pendapatan lain-lain.
e.4. Saling hapus e.4. Offsetting
Aset dan liabilitas keuangan dapat saling hapus dan Financial assets and liabilities are offset and the net
nilai netonya disajikan dalam laporan posisi keuangan amount is presented in the statement of financial
jika, dan hanya jika, Perusahaan dan Entitas Anaknya position when and only when, the Company and Its
memiliki hak yang berkekuatan hukum untuk Subsidiary have legally enforceable rights to offset
melakukan saling hapus atas jumlah yang telah diakui the recognized amounts and intends either to settle
tersebut dan berniat untuk menyelesaikan secara on a net basis or to realize the asset and settle the
neto atau untuk merealisasikan aset dan liability simultaneously.
menyelesaikan liabilitasnya secara bersamaan.
Pendapatan dan beban disajikan dalam jumlah neto Income and expenses are presented on a net basis
hanya jika diperkenankan oleh standar akuntansi. only when permitted by accounting standards.
e.5. Pengukuran biaya perolehan diamortisasi e.5. Amortized cost measurement
Biaya perolehan diamortisasi dari aset atau liabilitas The amortized cost of a financial asset or liability is
keuangan adalah jumlah aset atau liabilitas keuangan the amount at which the financial asset or liability
yang diukur pada saat pengakuan awal, dikurangi is measured at initial recognition, minus principal
pembayaran pokok, ditambah atau dikurangi dengan repayments, plus or minus the cumulative
amortisasi kumulatif dengan menggunakan metode amortization using the effective interest method of
suku bunga efektif yang dihitung dari selisih antara any difference between the initial amount
nilai awal dan nilai jatuh temponya, dikurangi recognized and the maturity amount, minus any
penyisihan kerugian penurunan nilai. reduction for impairment.
e.6. Identifikasi dan pengukuran penurunan nilai aset e.6. Identification and measurement of impairment
keuangan for financial assets
Penurunan nilai diukur berdasarkan PSAK 109 Impairment of financial assets measured by
mensyaratkan pengakuan segera atas dampak SFAS 109 required immediate recognition of
perubahan kerugian kredit ekspektasian setelah expected credit losses at the initial recognition of
pengakuan awal aset keuangan yang tidak diukur financial assets that are not carried at fair value
pada nilai wajar berdasarkan kerugian kredit measured by expected credit loss. At the initial
ekspektasian. Pada saat pengakuan awal, Perusahaan recognition, the Company and Its Subsidiary
dan Entitas Anaknya mengukur penyisihan kerugian measured allowance of impairment of financial
untuk aset keuangan tersebut sejumlah kerugian assets using 12-months expected credit losses
kredit ekspektasian 12 bulan (Tahap 1). (Stage 1).
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 341
Page 342
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/20 Exhibit E/20
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.6. Identifikasi dan pengukuran penurunan nilai aset e.6. Identification and measurement of impairment
keuangan (Lanjutan) for financial assets (Continued)
Pada setiap tanggal pelaporan, Perusahaan dan The Company and Its Subsidiary at each reporting
Entitas Anaknya mengukur penyisihan kerugian aset date, measured allowance of impairment losses of
keuangan sejumlah kerugian kredit ekspektasian financial assets using lifetime expected credit
sepanjang umurnya, jika risiko kredit atas aset losses if there’s significant increase in credit risk
keuangan tersebut telah meningkat secara signifikan (Stage 2) or become credit impaired (Stage 3).
sejak pengakuan awal (Tahap 2) atau menjadi Otherwise, the Company and Its Subsidiary continue
memburuk (Tahap 3). Jika tidak, Perusahaan dan to measure allowance of impairment losses of
Entitas Anaknya tetap mengukur penyisihan kerugian financial assets using 12-months expected credit
untuk aset keuangan tersebut sejumlah kerugian losses (Stage 1).
kredit ekspektasian 12 bulan (Tahap 1).
Peningkatan risiko kredit yang signifikan dievaluasi Significant increase in credit risk is assessed by
dengan membandingkan risiko wanprestasi suatu aset comparing the risk of default of financial assets at
keuangan pada saat tanggal pelaporan terhadap the reporting date to the origination date. Whether
tanggal pengakuan awal. Penentuan adanya a change in the risk of default is significant or not
peningkatan risiko kredit yang signifikan atau tidak is assessed using several criteria, primarily based on
dievaluasi menggunakan beberapa kriteria, 30 days past due. Financial assets determined as
utamanya jika telah mengalami keterlambatan credit impaired primarily after 90 days past due
pembayaran 30 hari. Aset keuangan dianggap criteria.
menjadi memburuk, utamanya jika telah mengalami
keterlambatan pembayaran 90 hari.
Kerugian kredit ekspektasian diukur dalam suatu Expected credit losses measured in a way that
cara yang mencerminkan: reflects:
Jumlah yang tidak biasa dan rata-rata An unbiased and probability-weighted amount
probabilitas tertimbang yang ditentukan dengan that is determined by evaluating a range of
mengevaluasi serangkaian kemungkinan yang possible outcomes;
dapat terjadi;
Nilai waktu uang; dan The time value of money; and
Informasi yang wajar dan terdukung yang Reasonable and supportable information that is
tersedia tanpa biaya atau upaya berlebihan available without undue cost or effort at the
pada tanggal pelaporan mengenai peristiwa reporting date about past events, current
masa lalu, kondisi kini dan perkiraan kondisi conditions and forecasts of future economic
ekonomi masa depan. conditions.
Penilaian secara individual dilakukan atas aset Individual assessment is performed on the
keuangan yang nilainya signifikan. Aset keuangan significant financial assets. The financial assets that
yang tidak signifikan dan memiliki karakteristik are not individually significant and have similar
risiko kredit yang sejenis dinilai secara kolektif. credit characteristic are assessed collectively.
Dalam mengevaluasi penurunan nilai secara In assessing collective impairment, the Company and
kolektif, Perusahaan dan Entitas Anaknya Its Subsidiary use statistical modeling of historical
menggunakan model statistik dari tren historis atas trends of the probability of default, timing of
probabilitas wanprestasi, waktu pemulihan kembali recoveries and the amount of loss incurred as well
dan jumlah kerugian yang terjadi serta perkiraan as forecasts of future economic conditions adjusted
kondisi ekonomi masa depan yang disesuaikan for management’s judgement as to whether current
dengan pertimbangan manajemen mengenai apakah economic and credit conditions are such that the
kondisi ekonomi dan kredit terkini sedemikian rupa actual losses are likely to be greater or less than
sehingga dapat mengakibatkan kerugian aktual yang suggested by historical modeling. Default rates, loss
jumlahnya akan lebih besar atau lebih kecil rates and the expected timing of future recoveries
daripada jumlah yang ditentukan oleh model are reqularly benchmarked against actual outcomes
historis. Tingkat wanprestasi, tingkat kerugian dan to ensure that they remain appropriate.
waktu yang diharapkan untuk pemulihan di masa
datang akan diperbandingkan secara berkala
terhadap hasil aktual untuk memastikan estimasi
tersebut masih tepat.
342 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 343
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/21 Exhibit E/21
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.6. Identifikasi dan pengukuran penurunan nilai aset e.6. Identification and measurement of impairment
keuangan (Lanjutan) for financial assets (Continued)
Ketika peristiwa yang terjadi setelah penurunan When a subsequent event causes the amount of
nilai menyebabkan jumlah kerugian penurunan nilai impairment loss to decrease, the previously
berkurang, kerugian penurunan nilai yang recognized impairment loss is reversed by adjusting
sebelumnya diakui harus dipulihkan, dengan the allowance for impairment losses. The amount of
menyesuaikan akun cadangan. Jumlah pemulihan the reversal is recognized in the current year profit
aset keuangan diakui pada laba rugi tahun berjalan. or loss.
e.7. Pengukuran nilai wajar e.7. Fair value measurement
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to sell
menjual suatu aset atau harga yang akan dibayar an asset or paid to transfer a liability in an orderly
untuk mengalihkan suatu liabilitas dalam transaksi transaction between market participants at the
teratur (orderly transaction) antara pelaku pasar measurement date in the principal market or, in its
(market participants) pada tanggal pengukuran di absence, the most advantageous market to which
pasar utama atau, jika tidak terdapat pasar utama, the Company and Its Subsidiary have access at that
di pasar yang paling menguntungkan dimana date. The fair value of a liability reflects its non-
Perusahaan dan Entitas Anaknya memiliki akses performance risk.
pada tanggal tersebut. Nilai wajar liabilitas
mencerminkan risiko wanprestasinya.
Jika tersedia, Perusahaan dan Entitas Anaknya When available, the Company and Its Subsidiary
mengukur nilai wajar instrumen keuangan dengan measure the fair value of an instrument using
menggunakan harga kuotasi di pasar aktif untuk quoted prices in an active market for that
instrumen tersebut. Suatu pasar dianggap aktif jika instrument. A market is regarded as active if quoted
harga kuotasi sewaktu-waktu dan secara berkala prices are readily and regularly occurring market
tersedia dan mencerminkan transaksi pasar yang transactions on an arm’s length basis.
aktual dan rutin dalam suatu transaksi yang wajar.
Jika pasar untuk suatu instrumen keuangan tidak If a market for a financial instrument is not active,
aktif, Perusahaan dan Entitas Anaknya menentukan the Company and Its Subsidiary establish fair value
nilai wajar dengan menggunakan teknik penilaian. using a valuation technique. Valuation techniques
Teknik penilaian mencakup penggunaan transaksi include using recent arm’s length transactions
pasar terkini yang dilakukan secara wajar oleh between knowledgeable and willing parties, and if
pihak-pihak yang memahami, berkeinginan, dan jika available, reference to the current fair value of
tersedia, referensi atas nilai wajar terkini dari other instruments that are substantially the same,
instrumen lain yang secara substansial sama, discounted cash flows analysis and option pricing
penggunaan analisa arus kas yang didiskonto dan models.
penggunaan model penetapan harga opsi (option
pricing model).
Teknik penilaian yang dipilih memaksimalkan The chosen valuation technique makes maximum
penggunaan input pasar, dan meminimalkan use of market inputs, relies as little as possible on
penggunaan taksiran yang bersifat spesifik dari estimates specific to the Company and Its
Perusahaan dan Entitas Anaknya, memasukkan Subsidiary, incorporate all factors that market
semua faktor yang akan dipertimbangkan oleh para participants would consider in setting a price,
pelaku pasar dalam menetapkan suatu harga dan and is consistent with accepted economic
konsisten dengan metodologi ekonomi yang diterima methodologies for pricing financial instruments.
dalam penetapan harga instrumen keuangan. Input Inputs to valuation techniques reasonably represent
yang digunakan dalam teknik penilaian secara market expectations and measures of the risk-
memadai mencerminkan ekspektasi pasar dan return factors inherent in the financial instrument.
ukuran atas faktor risiko dan pengembalian (risk- The Company and Its Subsidiary calibrate valuation
return) yang melekat pada instrumen keuangan. techniques and tests them for validity using prices
Perusahaan dan Entitas Anaknya mengkalibrasi from observable current market transactions in the
teknik penilaian dan menguji validitasnya dengan same instrument or based on other available
menggunakan harga-harga dari transaksi pasar observable market data.
terkini yang dapat diobservasi untuk instrumen yang
sama atau atas dasar data pasar lainnya yang
tersedia yang dapat diobservasi.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 343
Page 344
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/22 Exhibit E/22
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
e. Aset dan Liabilitas Keuangan (Lanjutan) e. Financial Assets and Liabilities (Continued)
e.7. Pengukuran nilai wajar (Lanjutan) e.7. Fair value measurement (Continued)
Bukti terbaik atas nilai wajar instrumen keuangan The best evidence of the fair value of a financial
pada saat pengakuan awal adalah harga transaksi, instrument at initial recognition is the transaction
yaitu nilai wajar dari pembayaran yang diberikan price, i.e., the fair value of the consideration
atau diterima, kecuali jika nilai wajar dari given or received, unless the fair value of that
instrumen keuangan tersebut ditentukan dengan instrument is evidenced by comparison with the
perbandingan dengan transaksi pasar terkini yang other observable current market transactions in
dapat diobservasi dari suatu instrumen yang sama the same instrument (i.e., without modification
(yaitu tanpa modifikasi atau pengemasan ulang), or repackaging), or based on a valuation technique
atau berdasarkan suatu teknik penilaian yang whose variables include only data from observable
variabelnya hanya menggunakan data dari pasar markets. When transaction price provides the best
yang dapat diobservasi. Jika harga transaksi evidence of fair value at initial recognition, the
memberikan bukti terbaik atas nilai wajar pada saat financial instrument is initially measured at the
pengakuan awal, maka instrumen keuangan pada transaction price and any difference between this
awalnya diukur pada harga transaksi dan selisih price and the value initially obtained from a
antara harga transaksi dan nilai yang sebelumnya valuation model is subsequently recognized in
diperoleh dari model penilaian diakui dalam laporan the statement of profit or loss depending on the
laba rugi setelah pengakuan awal tergantung pada individual facts and circumstances of the
masing-masing fakta dan keadaan dari transaksi transaction but not later than when the valuation is
tersebut namun tidak lebih lambat dari saat supported wholly by observable market data or the
penilaian tersebut didukung sepenuhnya oleh data transaction is closed out.
pasar yang dapat diobservasi atau saat transaksi
ditutup.
Nilai wajar mencerminkan risiko kredit atas Fair values reflect the credit risk of the financial
instrumen keuangan dan termasuk penyesuaian yang instruments and include adjustments to take into
dilakukan untuk memasukkan risiko kredit account the credit risk of the Company and
Perusahaan dan pihak lawan, mana yang lebih counterparty where appropriate. Fair value
sesuai. Taksiran nilai wajar yang diperoleh dari estimates obtained from models are adjusted for
model penilaian akan disesuaikan untuk any other factors, such as liquidity risk or valuation
mempertimbangkan faktor-faktor lainnya, seperti model uncertainties, to the extent that the
risiko likuiditas atau ketidakpastian model Company believes a third-party market
penilaian, sepanjang Perusahaan yakin bahwa participation would take them into account in
keterlibatan suatu pasar pihak ketiga akan pricing a transaction.
mempertimbangkan faktor-faktor tersebut dalam
penetapan harga suatu transaksi.
f. Kas dan Setara Kas f. Cash and Cash Equivalents
Kas dan setara kas terdiri dari kas, kas di bank dan Cash and cash equivalents consist of cash on hand, cash
deposito berjangka yang akan jatuh tempo dalam waktu in banks and time deposits with a maturity period of six
enam bulan atau kurang sejak tanggal penempatan, months or less since the date of placement, as long as
sepanjang deposito berjangka tersebut tidak digunakan these time deposits are not pledged as collaterals for
sebagai jaminan atas pinjaman yang diterima, serta tidak borrowings nor restricted. Cash and cash equivalents are
dibatasi penggunaannya. Kas dan setara kas classified as amortized costs (Note 2e).
diklasifikasikan sebagai biaya perolehan diamortisasi
(Catatan 2e).
344 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 345
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/23 Exhibit E/23
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
g. Transaksi dengan Pihak-Pihak Berelasi g. Related Party Transactions
Perusahaan melakukan transaksi dengan pihak berelasi. The Company has transactions with related parties. The
Sesuai dengan PSAK 224 “Pengungkapan Pihak-Pihak definition of related parties used is in accordance with
Berelasi”, yang dimaksud dengan pihak yang berelasi the SFAS 224 “Related Party Disclosures”, the meaning of
adalah orang atau entitas yang berelasi dengan entitas related party is a person or entity that is related to a
pelapor sebagai berikut: reporting entity as follows:
(1) Orang atau anggota keluarga terdekatnya berelasi (1) A person or a close member of that person’s
dengan entitas pelapor jika orang tersebut: family is related to a reporting entity if that
person:
(a) memiliki pengendalian atau pengendalian (a) has control or joint control over the
bersama terhadap entitas pelapor; reporting entity;
(b) memiliki pengaruh signifikan terhadap (b) has significant influence over the reporting
entitas pelapor; atau entity; or
(c) personil manajemen kunci entitas pelapor (c) is a member of the key management
atau entitas induk pelapor. personnel of the reporting entity or of a
parent of the reporting entity.
(2) Suatu entitas berelasi dengan entitas pelapor jika (2) An entity is related to a reporting entity if any of
memenuhi hal-hal sebagai berikut: the following conditions applies:
(a) entitas dan entitas pelapor adalah anggota (a) the entity and the reporting entity are
dari kelompok usaha yang sama (artinya members of the same group (which means
entitas induk, entitas anak, dan entitas anak that each parent, subsidiary and fellow
berikutnya terkait dengan entitas lain); subsidiary is related to the others);
(b) satu entitas adalah entitas asosiasi atau (b) one entity is an associate or joint venture of
ventura bersama dari entitas lain (atau the other entity (or an associate or joint
entitas asosiasi atau ventura bersama yang venture of member of a Company of which
merupakan anggota suatu kelompok usaha, the other entity is a member);
dimana entitas lain tersebut adalah
anggotanya);
(c) kedua entitas tersebut adalah ventura (c) both entities are joint ventures of the same
bersama dari pihak ketiga yang sama; third party;
(d) satu entitas adalah ventura bersama dari (d) one entity is a joint venture of a third entity
entitas ketiga dan entitas yang lain adalah and the other entity is an associate of the
entitas asosiasi dari entitas ketiga; third entity;
(e) entitas tersebut adalah suatu program (e) the entity is a post-employment benefit plan
imbalan pasca-kerja untuk imbalan kerja dari for the benefit of employees of either the
suatu entitas pelapor atau entitas yang reporting entity or an entity related to the
terkait dengan entitas pelapor. Jika entitas reporting entity. If the reporting entity is
pelapor adalah entitas yang itself such a plan, the sponsoring entities are
menyelenggarakan program tersebut, maka also related to the reporting entity;
entitas sponsor juga berelasi dengan entitas
pelapor;
(f) entitas yang dikendalikan atau dikendalikan (f) the entity is controlled or jointly controlled
bersama oleh orang yang diidentifikasi dalam by a person identified in (1);
angka (1);
(g) orang yang diidentifikasi dalam angka (1) (g) a person identified in (1)(a) has significant
huruf (a) memiliki pengaruh signifikan influence over the entity or is a member of
terhadap entitas atau personil manajemen the key management personnel of the entity
kunci entitas (atau entitas induk dari (or of a parent of the entity);
entitas);
(h) entitas, atau anggota dari kelompok di mana (h) the entity, or any member of a group of
entitas merupakan bagian dari kelompok which it is a part, provides key management
tersebut, menyediakan jasa personil personnel services to the reporting entity or
manajemen kunci kepada entitas pelapor to the parent of the reporting entity.
atau kepada entitas induk dari entitas
pelapor.
Jenis transaksi dan saldo dengan pihak-pihak berelasi The nature of transactions and balances of accounts with
diungkapkan pada Catatan 29. related parties are disclosed in Note 29.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 345
Page 346
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/24 Exhibit E/24
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
h. Piutang Pembiayaan h. Financing Receivables
Perusahaan dan Entitas Anaknya mengakui aset berupa The Company and Its Subsidiary recognizes assets as
piutang pembiayaan sebesar jumlah yang sama dengan financing receivables and present them at an amount
piutang neto. Penerimaan piutang diperlakukan sebagai equal to the net financing receivables. Receivables
pembayaran pokok dan pendapatan pembiayaan. payment is treated as repayment of principal and
Pengakuan pendapatan pembiayaan didasarkan pada financing income. The recognition of financing income is
suatu pola yang mencerminkan suatu tingkat based on a pattern reflecting a constant periodic rate of
pengembalian periodik yang konstan atas investasi return on the Company’s financing receivables.
Perusahaan.
Penyelesaian kontrak sebelum masa pembiayaan berakhir Early termination of a contract is treated as
diperlakukan sebagai pembatalan kontrak pembiayaan a cancellation of an existing contract and the resulting
dan pendapatan yang timbul terkait penyelesaian kontrak income related to this early termination of a contract is
ini diakui dalam laba rugi tahun berjalan. recognized in the current year profit or loss.
Restrukturisasi pembiayaan konsumen berupa modifikasi Restructuring of customer financing is a modification of
persyaratan kredit. Pembiayaan yang direstrukturiasi the terms of the loans. Restructured financing are stated
disajikan sebesar nilai kini atas arus kas kontraktual at present value of discounted contractual cash flows
setelah restrukturisasi yang didiskontokan menggunakan after restructuring using initial effective interest rate.
suku bunga efektif awal. Selisih antara jumlah tercatat Differences arising from the gross carrying value of the
bruto piutang pembiayaan konsumen pada tanggal consumer financing receivables at the time of
restrukturisasi dengan nilai kini arus kas kontraktual restructuring with present value of contractual cash
setelah restrukturisasi diakui dalam laba rugi. flows after restructuring are recognized to profit or loss.
Setelah restrukturisasi, seluruh arus kas kontraktual Thereafter, all the contractual cash flows under the new
dalam persyaratan baru dicatat sebagai pengembalian terms shall be accounted for as the repayment of
pokok pembiayaan yang diberikan dan pendapatan bunga principal and interest income, in accordance with the
sesuai dengan syarat-syarat restrukturisasi. restructuring scheme.
Piutang pembiayaan akan dihapusbukukan setelah Financing receivables will be written-off when they are
menunggak lebih dari 180 hari (untuk piutang pembiayaan overdue for more than 180 days (for motorcycles
sepeda motor), lebih dari 210 hari (untuk piutang financing), more than 210 days (for cars financing) and
pembiayaan mobil) dan lebih dari 270 hari (untuk more than 270 days (for heavy equipment and property
pembiayaan alat berat dan properti). Penerimaan dari financing). Recoveries from written-off receivables are
piutang yang telah dihapusbukukan diakui sebagai recognized as other income upon receipt.
pendapatan lain-lain pada saat diterima.
h.1. Sewa Pembiayaan h.1. Finance Lease
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement is, or
perjanjian sewa atau perjanjian yang mengandung contains a lease is based on the substance of the
sewa didasarkan atas substansi perjanjian pada arrangement at inception date and whether the
tanggal awal sewa dan apakah pemenuhan perjanjian fulfillment of the arrangement is dependent on the
tergantung pada penggunaan suatu aset dan use of a specific asset and the arrangement conveys
perjanjian tersebut memberikan suatu hak untuk a right to use the asset.
menggunakan aset tersebut.
Suatu sewa diklasifikasikan sebagai sewa pembiayaan Leases are classified as finance lease if the leases
jika sewa tersebut mengalihkan secara substansial transfer substantially all the risks and rewards
seluruh risiko dan manfaat yang terkait dengan related to ownership of the leased assets. Leases are
kepemilikan aset. Suatu sewa diklasifikasikan sebagai classified as operating leases if the leases do not
sewa operasi jika sewa tidak mengalihkan secara transfer substantially all the risks and rewards
substansial seluruh risiko dan manfaat yang terkait incidental to ownership of the leased assets.
dengan kepemilikan aset.
Transaksi sewa pembiayaan yang dilakukan Leases transactions conducted by the Company are
Perusahaan diklasifikasikan sebagai sewa classified as finance lease.
pembiayaan.
346 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 347
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/25 Exhibit E/25
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
h. Piutang Pembiayaan (Lanjutan) h. Financing Receivables (Continued)
h.1. Sewa Pembiayaan (Lanjutan) h.1. Finance Lease (Continued)
Pada saat pengakuan awal, nilai wajar piutang sewa At initial recognition, the fair value of finance lease
pembiayaan merupakan jumlah piutang sewa receivables represents finance lease receivables
pembiayaan ditambah nilai sisa yang akan diterima plus the residual value at the end of the lease period
oleh perusahaan sewa pada akhir masa sewa deducted by unearned lease income and security
pembiayaan dikurangi dengan pendapatan sewa deposits. The difference between the gross lease
pembiayaan yang ditangguhkan dan simpanan receivables and the present value of the lease
jaminan. Selisih antara nilai piutang bruto dan nilai receivables is recognised as unearned lease income.
kini piutang diakui sebagai pendapatan sewa Unearned lease income is then recognized as income
pembiayaan yang belum diakui. Pendapatan sewa over the term of the contract using the effective
pembiayaan yang belum diakui tersebut kemudian interest rate. Finance lease receivables are
diakui sebagai pendapatan sesuai dengan jangka classified as loans and receivables (Note 2d).
waktu kontrak dengan menggunakan metode tingkat
suku bunga efektif. Piutang sewa pembiayaan
diklasifikasikan sebagai pinjaman yang diberikan dan
piutang (Catatan 2d).
h.2. Pembiayaan Konsumen h.2. Consumer Financing
Piutang pembiayaan konsumen merupakan jumlah Consumer financing receivables are receivables plus
piutang setelah ditambah (dikurangi) biaya (minus) unamortized transaction cost (income) and
(pendapatan) transaksi yang belum di amortisasi dan minus unearned consumer financing income and
dikurangi dengan pendapatan pembiayaan konsumen allowance for impairment losses of consumer
yang belum diakui dan cadangan kerugian penurunan financing receivables.
nilai piutang pembiayaan konsumen.
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income, which
diakui, yang merupakan selisih antara jumlah represents the difference between total
keseluruhan pembayaran angsuran yang akan installments to be received from the consumer and
diterima dari konsumen dan jumlah pokok the principal amount financed, plus or (deducted)
pembiayaan, ditambah (dikurangi) biaya with the unamortized transaction cost (income),
(pendapatan) transaksi yang belum diamortisasi, akan will be recognized as income over the term of the
diakui sebagai pendapatan selama jangka waktu contract using effective interest method of the
kontrak dengan menggunakan metode suku bunga related consumer financing receivable. Consumer
efektif dari piutang pembiayaan konsumen. Piutang financing receivables are classified as amortized
pembiayaan konsumen diklasifikasikan sebagai biaya costs (Note 2e).
perolehan diamortisasi (Catatan 2e).
Biaya (pendapatan) transaksi yang belum Unamortized transaction cost (income) are
diamortisasi adalah pendapatan administrasi proses financing administration income and transaction
pembiayaan dan biaya transaksi yang timbul pertama costs which are incurred at the first time the
kali yang terkait langsung dengan pembiayaan financing agreement is signed and directly
konsumen tersebut. attributable to consumer financing.
i. Pembiayaan Bersama i. Joint Financing
Seluruh kontrak pembiayaan bersama yang dilakukan oleh All joint financing agreements entered by the Company
Perusahaan merupakan pembiayaan bersama konsumen are joint financing without recourse in which only the
tanpa tanggung renteng (without recourse) dimana hanya Company’s financing portion of the total installments
porsi jumlah angsuran piutang yang dibiayai Perusahaan are recorded as financing receivables in the statement
yang dicatat sebagai piutang pembiayaan di laporan posisi of financial position (net approach). Financing income is
keuangan (pendekatan neto). Pendapatan pembiayaan presented in the statement of profit or loss and other
disajikan pada laporan laba rugi dan penghasilan comprehensive income after deducting the portions
komprehensif lain setelah dikurangi dengan bagian yang belong to other parties participated to these joint
merupakan hak pihak-pihak lain yang berpartisipasi pada financing transactions.
transaksi pembiayaan bersama tersebut.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 347
Page 348
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/26 Exhibit E/26
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
i. Pembiayaan Bersama (Lanjutan) i. Joint Financing (Continued)
Dalam pembiayaan bersama without recourse, antara In joint financing without recourse, arrangements
Perusahaan dan penyedia fasilitas pembiayaan bersama, between the Company and the joint financing facility
Perusahaan berhak menentukan tingkat bunga yang lebih provider, the Company has the right to set higher
tinggi kepada konsumen dibandingkan tingkat bunga yang interest rates to consumer than the interest rates stated
ditetapkan dalam perjanjian pembiayaan bersama dengan in the joint financing agreement with the joint financing
penyedia fasilitas pembiayaan bersama. Selisihnya facility provider. The difference is recognized as
merupakan pendapatan dan disajikan sebagai bagian dari revenue and disclosed as “Financing Income”.
“Pendapatan Pembiayaan”.
j. Piutang Pembiayaan Murabahah j. Murabahah Financing Receivables
Murabahah merupakan akad jual-beli barang dengan harga Murabahah is goods sell-buy contract with a sold price
jual sebesar biaya perolehan ditambah keuntungan yang amounting to acquisition cost plus agreed margin and
disepakati dan Perusahaan harus mengungkapkan biaya the Company must to disclose the acquisition cost to
perolehan barang tersebut kepada konsumen. Pada saat customer. When murabahah contract is signed,
akad murabahah, piutang pembiayaan murabahah diakui murabahah financing receivables are recognized at
dengan metode pendapatan efektif. Keuntungan effective income method. Murabahah margin are
murabahah diakui selama periode akad berdasarkan recognized over the period of the contract based on
pengakuan marjin dari piutang pembiayaan murabahah. margin of the murabahah financing receivables.
Akad murabahah secara substansi merupakan suatu Substantially, murabahah contract is a financing, so that
pembiayaan, sehingga pengakuan marjin dilakukan margin recognition is based on standards which regulate
berdasarkan standar yang mengatur pembiayaan, seperti financing, as mentioned in consumer financing policy.
yang disebutkan di kebijakan pembiayaan konsumen.
Pada setiap akhir periode laporan keuangan, piutang At the end of each period of financial statement,
pembiayaan murabahah disajikan sebesar nilai neto yang murabahah financing receivables are state at net
dapat direalisasi, yaitu saldo piutang murabahah dikurangi realizable value, consist of outstanding murabahah
marjin yang ditangguhkan dan cadangan kerugian receivables less unearned margin and allowance for
penurunan nilai. impairment loss.
k. Piutang Ijarah dan IMBT k. Ijarah and IMBT Receivables
Piutang ijarah (porsi pokok sewa) merupakan akrual Ijarah receivables (principal portion) are based on
piutang sewa atas porsi pokok yang belum direalisasikan unrealized accrual rent income from principal portion
oleh nasabah dan piutang pendapatan ijarah merupakan and ijarah receivable represents portion of accrual rent
akrual piutang sewa atas bagian keuntungan (ujroh) income from the following month’s installment of ijarah
transaksi ijarah muntahiyah bittamlik (IMBT) dari angsuran muntahiyah bittamlik (IMBT) which is recognized
nasabah pada bulan berikutnya yang diakui secara proportionally.
proporsional.
Akad ijarah adalah akad penyediaan dana dalam rangka Akad ijarah is a contract for the provision of funds in
memindahkan hak guna atau manfaat dari suatu barang the context of transferring the use rights or benefits of
atau jasa berdasarkan transaksi sewa, tanpa diikuti a good or service based on a lease transaction, without
dengan pemindahan kepemilikan barang tersebut kepada being followed by the transfer of ownership of such
penyewa. Aset ijarah muntahiyah bittamik merupakan goods to the lessee. Asset ijarah muntahiyah bittamlik
akad transaksi sewa dengan opsi perpindahan hak milik (IMBT) is a contract based on a lease transaction with
objek sewa melalui jual beli atau pemberian (hibah) pada option of transfer of ownership of lease object through
saat tertentu sesuai akad sewa. sale purchase or granted at specific time based on
contract.
Piutang pendapatan ijarah diakui pada saat jatuh tempo Ijarah revenue receivables are recognized at maturity
sebesar sewa porsi ujroh dan piutang ijarah sebesar sewa amounting to the rent of ujroh and ijarah receivables
porsi pokok yang belum diterima dan disajikan sebesar amounting to the portion of the principal outstanding
nilai neto yang dapat direalisasikan, yaitu sebesar saldo which has not been received and presented at net
piutang dikurangi penurunan nilai, jika ada pada akhir realizable value, which is the outstanding amount of the
periode pelaporan. receivables less impairment loss, if any, at the end of
reporting period.
348 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 349
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/27 Exhibit E/27
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
l. Piutang dalam Proses Penyelesaian l. Receivables in the Settlement Process
Piutang dalam proses penyelesaian merupakan piutang Receivables in the settlement process represent
atas jaminan yang dikuasai kembali dan dinyatakan receivables from collateral recovered and stated at net
berdasarkan nilai realisasi neto yaitu nilai tercatat atau realizable value which is carrying amount or principal
pokok piutang pembiayaan terkait dikurangi penyisihan amount of related financing receivables, less allowance
penurunan nilai pasar atas jaminan yang dikuasai kembali. for decline in market value of the collateral retained.
Piutang pembiayaan direklasifikasikan menjadi piutang Financing receivables are reclassified to receivables in
dalam proses penyelesaian ketika jaminan ditarik karena the settlement process when the collateral is withdrawn
konsumen tidak dapat memenuhi kewajibannya setelah because the consumer is not able to meet its obligations
melalui proses tahapan yang ditetapkan dalam perjanjian after going through the stages stipulated in the
pembiayaan dengan konsumen. financing agreement with the consumer.
Pelanggan memberi kuasa kepada Perusahaan untuk Customer authorizes the Company to sell the pledged
menjual objek yang dijaminkan atau melakukan tindakan object or performing other actions in solving the debts
lainnya dalam upaya penyelesaian piutang bila terjadi in the event of default of the financing agreement.
wanprestasi terhadap perjanjian pembiayaan. Kelebihan Excess result of a settlement with the total obligations
hasil penyelesaian dengan jumlah seluruh kewajiban of the consumer is the right of the customer, while the
konsumen merupakan hak dari konsumen, sedangkan shortage of the settlement proceeds will be charged to
kekurangan hasil penyelesaian akan dibebankan sebagai written-off other receivables in the statement of profit
penghapusan piutang lain-lain pada laporan laba rugi dan or loss and other comprehensive income.
penghasilan komprehensif lain.
Piutang dalam proses penyelesaian diklasifikasikan Receivables in the settlement process are classified as
sebagai aset keuangan dalam kelompok biaya perolehan financial assets classified as amortized costs.
diamortisasi.
m. Instrumen Derivatif untuk Tujuan Manajemen Risiko m. Derivative Instrument for Risk Management Purposes
Seluruh instrumen derivatif yang dimiliki Perusahaan All derivative instruments held by the Company are for
digunakan untuk tujuan manajemen risiko. Instrumen risk management purposes. These derivative
derivatif ini digunakan untuk lindung nilai eksposur risiko instruments are used to hedge the Company’s exposures
suku bunga dan risiko mata uang Perusahaan. Instrumen to interest rate risk and currency risk. Derivative
derivatif untuk tujuan manajemen risiko diukur pada nilai instruments held for risk management are measured at
wajar dalam laporan posisi keuangan. Untuk memenuhi fair value in the statement of financial position. To
persyaratan akuntansi lindung nilai, beberapa kriteria qualify for hedge accounting, certain criteria are to be
tertentu harus dipenuhi, termasuk adanya dokumentasi met, including formal documentation to be in place at
formal pada awal lindung nilai. the inception of the hedge.
Pada penetapan awal lindung nilai, Perusahaan On initial designation of the hedge, the Company
mendokumentasikan secara formal hubungan antara formally documents the relationship between the
instrumen lindung nilai dan unsur yang dilindung nilai, hedging instruments and hedge items, including the risk
termasuk tujuan manajemen risiko dan strategi management objective and strategy in undertaking the
dalam melaksanakan transaksi lindung nilai, bersamaan hedge transaction, together with the method that will
dengan metode yang akan digunakan untuk menilai be used to assess the effectiveness of the hedging
efektivitas hubungan lindung nilai. Perusahaan menilai, relationship. The Company makes an assessment, both
pada awal hubungan lindung nilai dan juga secara at the inception of the hedge relationship as well as on
berkesinambungan, apakah instrumen lindung nilai an ongoing basis, whether the hedging instruments are
diharapkan akan “sangat efektif” dalam rangka saling expected to be “highly effective” in offsetting the
hapus atas perubahan nilai wajar atau perubahan arus kas changes in the fair value or cash flows of the respective
dari unsur yang dilindung nilai sepanjang periode dimana hedged item during the period for which the hedge is
lindung nilai tersebut ditetapkan. designated.
Bagian efektif dari perubahan nilai wajar derivative The effective portion of changes in the fair value of
diakui dalam penghasilan komprehensif lain. Keuntingan derivatices is recognized in other comprehensive
atau kerugian yang terkait dengan bagian yang tidak income. The gain or loss relating to the ineffective
efektif diakui dalam laba rugi. portion is recognized in profit or loss.
Perubahan nilai wajar instrumen derivatif yang tidak Changes in fair value of derivative instruments that do
memenuhi kriteria lindung nilai dicatat dalam laporan not qualify for hedge accounting are recognized in the
laba rugi tahun yang bersangkutan. Jika instrumen current year statement of profit or loss. If derivative
derivatif dirancang dan memenuhi syarat akuntansi instruments are designated and qualify for hedge
lindung nilai, perubahan nilai wajar yang berkaitan accounting, changes in fair value of derivative
dengan lindung nilai diakui sebagai penyesuaian terhadap instruments are recorded as adjustments to the items
unsur yang dilindungi nilainya dalam penghasilan being hedged in the current year other comprehensive
komprehensif lainnya tahun berjalan atau disajikan income or in the equity, depending on the type of hedge
dalam ekuitas, tergantung pada jenis transaksi dan transaction represented and the effectiveness of the
efektivitas dari lindung nilai tersebut. hedge.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 349
Page 350
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/28 Exhibit E/28
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
m. Instrumen Derivatif untuk Tujuan Manajemen Risiko m. Derivative Instrument for Risk Management Purposes
(Lanjutan) (Continued)
Perusahaan dan Entitas Anaknya menetapkan derivatif The Company and Its Subsidiary designate derivatives as
sebagai instrumen lindung nilai atas arus kas apabila the hedging instruments of cash flows hedges where the
instrumen tersebut melindungi nilai variabilitas arus kas instrument hedges the variability in cash flows
yang dapat diatribusikan pada risiko tertentu yang terkait attributable to a particular risk associated with a
dengan aset atau liabilitas yang telah diakui atau recognized asset or liability, or a highly probable
prakiraan transaksi yang kemungkinan besar terjadi. forecast transaction that could affect profit or loss. The
Bagian efektif dari perubahan nilai wajar derivatif yang effective portion of changes in the fair value of
ditetapkan sebagai instrumen lindung nilai atas arus kas derivatives designated as hedging instruments of cash
dalam hubungan lindung nilai yang memenuhi kualifikasi flows hedges in qualifying hedging relationships is
ditangguhkan pada keuntungan/(kerugian) kumulatif atas deferred to the cumulative gains/(losses) on derivative
instrumen derivatif untuk lindung nilai arus kas, yang instruments for cash flows hedges, which forms part
merupakan bagian dari ekuitas. Bagian yang tidak efektif of equity. Any ineffective portion is recognized
diakui secara langsung pada laporan laba rugi. Jumlah immediately in the statement of profit or loss. Amounts
yang ditangguhkan dalam ekuitas direklasifikasi ke dalam deferred in equity are reclassified to the statement of
laporan laba rugi dalam tahun yang sama dimana arus kas income as a reclassification adjustment in the same
yang dilindung nilai mempengaruhi laba atau rugi, dan year as the hedged cash flows affect profit or loss, and
pada unsur yang sama dalam laporan laba rugi. in the same line item in the statement of profit or loss.
Ketika instrumen lindung nilai kadaluarsa atau dijual, When the hedging instrument expires or sold,
dihentikan, dilaksanakan, atau tidak lagi memenuhi terminated, exercised, or no longer qualifies for hedge
kriteria akuntansi lindung nilai, keuntungan atau accounting, the cumulative amount deferred in equity
kerugian kumulatif yang ditangguhkan di ekuitas tetap remains in the cumulative gains/(losses) on derivative
diakui pada keuntungan/(kerugian) kumulatif atas instruments for cash flows hedges, and is subsequently
instrumen derivatif untuk lindung nilai arus kas dan transferred to the statement of profit or loss when the
direklasifikasi ke laporan laba rugi ketika unsur yang hedged item is recognized in the statement of profit or
dilindung nilai diakui dalam laporan laba rugi. loss.
Ketika suatu prakiraan transaksi akan dilindung nilai tidak When a forecast hedged transaction is no longer
lagi diharapkan akan terjadi, jumlah yang ditangguhkan expected to occur, the amount deferred in equity is
dalam ekuitas diakui segera dalam laporan laba rugi. recognized immediately in the statement of profit or
loss.
n. Beban Dibayar di Muka dan Uang Muka n. Prepaid Expenses and Advances
Beban dibayar di muka diamortisasi dan dibebankan Prepaid expenses are amortized and charged as an
selama masa manfaat masing-masing beban dengan expense over the periods of benefit using the straight-
menggunakan metode garis lurus. line method.
Uang muka dicatat sebesar uang yang dikeluarkan untuk Advances are recorded at the amount of disbursement
memperoleh manfaat dan akan dibiayakan sesuai dengan to obtain benefits and will be expensed in accordance
pertangungjawaban dan realisasi penggunaan uang muka. with the accountability and realization of the advances.
o. Aset Ijarah dan IMBT o. Ijarah and IMBT Asset
Aset yang diperoleh untuk ijarah merupakan aset yang Assets acquired for ijarah represent object of leased
menjadi objek transaksi sewa (ijarah) dan dicatat di assets (ijarah) and are recorded in the statements of
laporan posisi keuangan sebesar harga perolehan financial positions at the acquisition cost, net of
dikurangi akumulasi penyusutan. Aset dalam transaksi accumulated depreciation. Assets in ijarah transaction
ijarah disusutkan sesuai dengan jangka waktu sewa. are depreciated over the lease period.
Perpindahan kepemilikan suatu aset dalam akad IMBT, The transfer of ownership of an asset in an IMBT
dilakukan jika akad ijarah telah berakhir atau diakhiri contract is carried out if the ijarah contract has expired
dan aset ijarah telah diserahkan kepada penyewa dengan or has been terminated and the ijarah assets have been
membuat akad terpisah. transfer to the lessee by separate contract.
Pendapatan ijarah diakui selama masa akad Income from ijarah is recognised over the period of the
menggunakan metode flat (proporsional). contract with flat (proportional) method.
p. Aset Tetap p. Fixed Assets
Aset tetap pada awalnya dinyatakan sebesar harga Fixed assets are initially recognized at acquisition cost.
perolehan. Setelah pengukuran awal, aset tetap diukur After initial measurement, fixed assets are measured
dengan model biaya, dicatat pada harga perolehan using the cost model, carried at cost less
dikurangi akumulasi penyusutan dan akumulasi any accumulated depreciation and accumulated
penurunan nilai, jika ada. impairment losses, if any.
350 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 351
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/29 Exhibit E/29
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
p. Aset Tetap (Lanjutan) p. Fixed Assets (Continued)
Harga perolehan mencakup harga pembelian dan semua Acquisition cost includes purchase price and any costs
beban yang terkait secara langsung untuk membawa aset directly attributable to bring the assets to the location
tersebut ke lokasi dan kondisi yang diperlukan untuk and condition necessary for it to be capable of operating
memungkinkan aset tersebut beroperasi sebagaimana in the manner intended by management.
ditentukan oleh manajemen.
Tanah dinyatakan sebesar harga perolehan dan tidak Land is stated at cost and not depreciated.
disusutkan.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation of fixed assets other than land are
menggunakan metode garis lurus untuk mengalokasikan calculated on the straight-line method to allocate their
harga perolehan hingga mencapai nilai sisa sepanjang cost to their residual values over their estimated useful
estimasi masa manfaatnya sebagai berikut: life as follows:
Masa manfaat/
Useful life Tarif/
(Tahun/ Year) Rates
Bangunan dan prasarana 20 5% Building and improvements
Peralatan kantor 5 20 % Office equipment
Kendaraan 5 20 % Vehicles
Perabot dan perlengkapan kantor 5 20 % Furniture and fixtures
Beban perbaikan dan pemeliharaan dibebankan ke dalam Repairs and maintenance costs, are charged to the
laporan laba rugi periode dimana beban-beban tersebut statement of profit or loss during the period in which
terjadi. Pengeluaran yang memperpanjang masa manfaat they are incurred. Expenditures that extend the future
aset atau yang memberikan tambahan manfaat ekonomis life of assets or provide further economic benefits are
dikapitalisasi dan disusutkan. capitalized and depreciated.
Jumlah tercatat aset tetap dihentikan pengakuannya The carrying amount of fixed assets are derecognized
pada saat pelepasan atau ketika tidak terdapat lagi upon disposal or when there is no longer a future
manfaat ekonomi masa depan yang diekspektasikan dari economic benefit expected from its use or disposal.
penggunaan atau pelepasannya.
Apabila aset tetap dihentikan pengakuannya (tidak When fixed assets are derecognized (retired or disposed
digunakan lagi atau dijual), maka nilai tercatat dan of), their carrying values and the related accumulated
akumulasi penyusutannya dikeluarkan dari laporan posisi depreciation are removed from the statement of
keuangan, dan keuntungan atau kerugian yang terjadi financial position, and the resulting gains or losses are
diakui dalam laporan laba rugi. recognized in the statement of profit or loss.
Aset dalam pembangunan untuk pengembangan Asset under construction are stated at cost and
dinyatakan sebesar biaya perolehan dan disajikan sebagai presented as part of the fixed assets. The accumulated
bagian dari aset tetap. Akumulasi biaya perolehan akan cost will be reclassified to the appropriate fixed assets
dipindahkan ke masing-masing akun aset tetap yang account when the installation is substantially completed
bersangkutan pada saat aset tersebut selesai dikerjakan and the asset is ready for its intended use.
dan siap digunakan.
Apabila nilai tercatat aset tetap lebih besar dari nilai When the carrying amount of fixed assets is greater than
yang dapat dipulihkan, nilai tercatat aset tersebut its estimated recoverable amount, it is written down to
diturunkan menjadi sebesar nilai yang dapat dipulihkan its recoverable amount which is determined at the
kembali, yang ditentukan sebagai nilai tertinggi antara higher of net selling price or value in use.
harga jual neto dan nilai pakai.
Pada setiap akhir tahun, nilai residu, umur dan metode At the end of each year, residual values, useful life and
penyusutan dikaji ulang dan disesuaikan secara method of depreciation are reviewed and adjusted
prospektif jika diperlukan. prospectively, if necessary.
q. Sewa q. Leases
Pada tanggal permulaan suatu kontrak, Perusahaan dan At inception of a contract, the Company and Its
Entitas Anaknya menilai apakah suatu kontrak merupakan, Subsidiary asseses whether a contract is, or contains,
atau mengandung, sewa. Suatu kontrak merupakan, atau a lease. A contract is, or contains, a lease if the
mengandung, sewa jika kontrak tersebut memberikan hak contract conveys the right to control the use of an
untuk mengendalikan penggunaan suatu asset identified asset for a period of time in exchange for
identifikasian selama suatu jangka waktu untuk consideration.
dipertukarkan dengan imbalan.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 351
Page 352
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/30 Exhibit E/30
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
q. Sewa (Lanjutan) q. Leases (Continued)
Untuk menilai apakah suatu kontrak memberikan hak To assess whether a contract conveys the right to control
untuk mengendalikan suatu aset identifikasian, the use of an identified asset, the Company asseses
Perusahaan menilai apakah: whether:
- Perusahaan memiliki hak untuk memperoleh secara - The Company has the right to obtain substantially all
substansial seluruh manfaat ekonomi dari penggunaan of the economic benefits from use of the asset
aset selama periode penggunaan; dan throughout the period of use;and
- Perusahaan memiliki hak untuk mengarahkan - The Company has the right to direct the use of the
penggunaan aset identifikasian. Perusahaan memiliki identified assets. The Company has this right when it
hak ini ketika hak pengambilan keputusan yang paling has the decision-making rights that are most relevant
relevan untuk mengubah bagaimana dan untuk tujuan to changing how and for what purpose the asset is
apa aset tersebut digunakan. Dalam kondisi tertentu used. In certain circumstances where all the decisions
dimana semua keputusan tentang bagaimana dan untuk about how and for what purpose the asset is used are
tujuan apa aset digunakan telah ditentukan predetermined, the Company has the right to direct
sebelumnya, Perusahaan memiliki hak untuk the use of the asset if either:
mengarahkan penggunaan aset tersebut jika:
- Perusahaan memiliki hak untuk mengoperasikan - The Company has the right to operate the asset; or
aset; atau
- Perusahaan mendesain aset dengan cara - The Company designed the asset in a way that
menetapkan sebelumnya bagaimana dan untuk predetermines how and for what purpose the asset
tujuan apa aset akan digunakan selama periode will be used.
penggunaan.
Pada tanggal insepsi atau pada saat penilaian kembali At inception date or on reassessment of a contract that
suatu kontrak yang mengandung suatu komponen sewa, contains a lease component, the Company allocates
Perusahaan mengalokasikan imbalan dalam kontrak ke consideration in the contract to each lease component
masing-masing komponen sewa berdasarkan harga on the basis of their relative stand-alone prices and the
tersendiri relatif dari komponen sewa dan harga tersendiri aggregate stand-alone price of the non-lease
agregat dari komponen nonsewa. Namun, untuk sewa components. However, for the leases of improvements
penunjang dimana Perusahaan bertindak sebagai in which the Company is a lessee, the Company has
penyewa, Perusahaan memutuskan untuk tidak elected not to separate non-lease components and
memisahkan komponen nonsewa dan mencatat komponen account for the lease and non-lease components as
sewa dan nonsewa tersebut sebagai satu komponen sewa. a single lease component.
Perusahaan dan Entitas Anaknya mengakui aset hak-guna The Company and Its Subsidiary recognize a right-of-use
dan liabilitas sewa pada tanggal dimulainya sewa. Aset asset and a lease liability at the lease commencement
hak-guna awalnya diukur pada biaya perolehan, yang date. The right-of-use asset is initially measured at
terdiri dari jumlah pengukuran awal dari liabilitas sewa cost, which comprises the initial amount of the lease
disesuaikan dengan pembayaran sewa yang dilakukan liability adjusted for any lease payments made at or
pada atau sebelum tanggal permulaan, ditambah dengan before the commencement date, plus any initial direct
biaya langsung awal yang dikeluarkan, dan estimasi biaya costs incurred and an estimate of costs to dismantle and
untuk membongkar dan memindahkan aset pendasar atau remove the underlying asset or to restore the
untuk merestorasi aset pendasar atau tempat dimana aset underlying asset or the site on which it is located, less
berada, dikurangi insentif sewa yang diterima. any lease incentives received.
Perusahaan dan Entitas Anaknya menyajikan aset hak- The Company and Its Subsidiary present right-of-use
guna sebagai bagian dari “Aset hak-guna” di dalam assets as part of “Right-of-use assets” in the
laporan posisi keuangan konsolidasian. consolidated statement of financial position.
Perusahaan dan Entitas Anaknya tidak mengakui aset hak- The Company and Its Subsidiary not recognize right-of-
guna dan liabilitas sewa untuk sewa jangka pendek yang use assets and lease liabilities for short-term leases that
memiliki masa sewa 12 bulan atau kurang, pembayaran have a lease term of 12 months or less, the lease
atas sewa tersebut diakui sebagai beban dengan dasar payment recognize as expenses on a straight-line basis
garis lurus selama masa sewa. over the lease term.
Jika sewa mengalihkan kepemilikan aset pendasar kepada If the lease transfers the ownership of the underlying
Perusahaan pada akhir masa sewa atau jika biaya asset to the Company by the end of the lease term or if
perolehan aset hak-guna merefleksikan Perusahaan akan the cost of the right-of-use asset reflects that the
mengeksekusi opsi beli, maka Perusahaan menyusutkan Company will exercise a purchase option, the Company
aset hak-guna dari tanggal permulaan hingga akhir umur depreciates the right-of-use asset from the
manfaat aset pendasar. Jika tidak, maka Perusahaan commencement date to the end of the useful life of the
menyusutkan aset hak-guna dari tanggal permulaan underlying asset. Otherwise, the Company depreciates
hingga tanggal yang lebih awal antara akhir umur manfaat the right-of-use asset from the commencement date to
aset hak-guna atau akhir masa sewa. the earlier of the end of the useful life of the right-of-
use asset or the end of the lease term.
352 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 353
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/31 Exhibit E/31
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
q. Sewa (Lanjutan) q. Leases (Continued)
Sewa Tanah dan Bangunan Land and Building Leases
Opsi Perpanjangan Extention Options
Beberapa sewa gedung kantor mengandung opsi Some leases of office buildings contain extension
perpanjangan yang dapat dieksekusi Perusahaan sebelum options exercisable by the Company before the end of
periode kontrak yang tidak dapat dibatalkan tersebut the non-cancellable contract period. Where practicable,
berakhir. Jika memungkinkan, Perusahaan berupaya the Company seeks to include extension options in new
untuk memasukkan opsi perpanjangan dalam sewa baru leases to provide operational flexibility. The Company
untuk memberikan fleksibilitas operasional. Perusahaan assesses at lease commencement whether it is
menilai pada saat permulaan sewa apakah Perusahaan reasonably certain to exercise the extension options.
cukup pasti untuk mengeksekusi opsi perpanjangan. The Company reassesses whether it is reasonably
Perusahaan menilai kembali apakah cukup pasti untuk certain to exercise the options if there is a significant
mengeksekusi opsi tersebut jika ada peristiwa signifikan event or significant change in circumstances within its
atau perubahan signifikan dalam kondisi yang berada control.
dalam pengendalian Perusahaan.
Sewa Jangka-Pendek dan Sewa Aset Bernilai-Rendah Short-Term Leases and Leases of Low-Value Assets
Perusahaan memilih untuk tidak mengakui aset hak-guna The Company has elected not to recognize right-of-use
dan liabilitas sewa untuk sewa jangka-pendek yang assets and lease liabilities for short-term leases that
memiliki masa sewa 12 bulan atau kurang dan sewa atas have a lease term of 12 months or less and leases of low-
aset bernilai rendah. Perusahaan mengakui pembayaran value assets. The Company recognizes the lease
sewa terkait dengan sewa ini sebagai beban dengan dasar payments associated with these leases as an expense on
garis-lurus selama masa sewa. a straight-line basis over the lease term.
r. Aset Tak Berwujud r. Intangible Assets
Perangkat lunak Software
Perangkat lunak pada awalnya dinyatakan sebesar biaya Software is initially recognized at acquisition cost.
perolehan. Biaya perolehan awal perangkat lunak meliputi The acquisition cost of software consists of its purchase
harga pembelian, termasuk biaya-biaya yang dapat price, including any directly attributable costs in
diatribusikan secara langsung untuk membawa perangkat bringing the software to its intended use. After initial
lunak siap dipakai. Setelah pengakuan awal, perangkat recognition, software is measured using cost model,
lunak diukur menggunakan model biaya, dicatat sebesar stated at cost less accumulated amortization and
biaya perolehannya dikurangi akumulasi amortisasi dan accumulated impairment losses.
akumulasi kerugian penurunan nilai.
Pengeluaran selanjutnya untuk perangkat lunak akan Subsequent expenditure on software assets is
dikapitalisasi hanya jika pengeluaran tersebut menambah capitalized only when it increases the future economic
manfaat ekonomi di masa mendatang untuk asset yang benefits embodied in the specific asset to which it
bersangkutan. Semua pengeluaran lainnya dibebankan relates. All other expenditures are expensed as
pada saat terjadinya. incurred.
Amortisasi diakui dalam laporan laba rugi dan penghasilan Amortization is recognized in the statement of profit or
komprehensif lain dengan menggunakan metode garis loss and other comprehensive income on a straight-line
lurus sepanjang estimasi masa manfaatnya, dimulai dari method over the estimated useful life of software, from
tanggal perangkat lunak tersebut tersedia untuk dipakai. the date that it is available for use.
Estimasi masa manfaat perangkat lunak adalah lima tahun. The estimated useful life of software is five years.
Metode amortisasi, estimasi masa manfaat dan nilai Amortization methods, useful life and residual values
residual ditelaah pada setiap akhir tahun pelaporan dan are reviewed at each financial year-end and adjusted if
disesuaikan jika dianggap tepat. appropriate.
Keuntungan atau kerugian pelepasan aset tak berwujud Gains or losses on disposal of intangible assets are
ditentukan dengan membandingkan penerimaan dengan determined by comparing proceeds with the carrying
nilai tercatat dan diakui di dalam laporan laba rugi. amount and are recognized in profit or loss.
s. Pajak Penghasilan s. Income Tax
Beban pajak terdiri dari beban pajak kini dan beban pajak Income tax expense comprises current and deferred tax.
tangguhan. Beban pajak diakui pada laporan laba rugi Income tax expense is recognized in the statement of
kecuali untuk bagian yang langsung diakui di komponen profit or loss except to the extent it relates to items
ekuitas lainnya, dimana beban pajak yang terkait dengan recognized directly in other equity components, in
bagian tersebut diakui di penghasilan komprehensif lain. which case it is recognized in other comprehensive
income.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 353
Page 354
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/32 Exhibit E/32
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
s. Pajak Penghasilan (Lanjutan) s. Income Tax (Continued)
Beban pajak kini adalah utang pajak yang ditentukan Current tax is the expected tax payable on the taxable
berdasarkan laba kena pajak untuk tahun yang income for the current year, using tax rates enacted or
bersangkutan yang dihitung berdasarkan tarif pajak yang substantively enacted at reporting date.
berlaku atau yang secara substansial telah berlaku pada
tanggal pelaporan.
Beban pajak tangguhan diakui sehubungan dengan adanya Deferred tax is recognized in respect of temporary
perbedaan temporer antara nilai tercatat aset dan differences between the carrying amounts of assets and
liabilitas untuk tujuan pelaporan keuangan, dan nilai aset liabilities for financial reporting purposes and the
dan liabilitas yang digunakan untuk tujuan perpajakan. amounts used for taxation purposes. Deferred tax is
Pajak tangguhan diukur dengan menggunakan tarif pajak measured at the tax rates that are expected to be
yang diharapkan untuk diterapkan atas perbedaan applied to temporary differences when they reverse,
temporer pada saat pembalikan, berdasarkan peraturan based on the laws that have been enacted or
yang telah berlaku atau secara substantif berlaku pada substantively enacted at the reporting date.
tanggal pelaporan.
Metode ini juga mengharuskan pengakuan manfaat pajak This method also requires the recognition of future tax
di masa depan, seperti kompensasi rugi fiskal, apabila benefits, such as tax loss carryforwards, to the extent
besar kemungkinan manfaat pajak tersebut dapat that realization of such benefits is probable.
direalisasi.
Aset dan liabilitas pajak tangguhan diakui untuk perbedaan Deferred tax assets and liabilities are recognized for
temporer antara basis komersial dan basis fiskal atas aset temporary differences between the financial and the
dan liabilitas pada setiap tanggal pelaporan. tax bases of assets and liabilities at each reporting date.
Aset pajak tangguhan dikaji ulang setiap tanggal pelaporan Deferred tax assets are reviewed at each reporting date
dan dikurangi apabila besar kemungkinan manfaat pajak and are reduced to the extent that it is no longer
terkait tidak lagi mungkin direalisasi. Pengurangan probable that the related tax benefit will be realized;
tersebut akan berlaku terbalik saat kemungkinan laba such reductions are reversed when the probability of
fiskal di masa depan membaik. Aset pajak tangguhan yang future taxable profits improves. Unrecognized deferred
belum diakui dikaji ulang pada setiap tanggal pelaporan tax assets are reassessed at each reporting date and
dan diakui apabila besar kemungkinan bahwa jumlah laba recognized to the extent that it has become probable
fiskal pada masa mendatang akan tersedia untuk that future taxable profits will be available against
merealisasikan manfaat pajak tersebut. which they can be used.
Aset pajak kini dan liabilitas pajak kini saling hapus dan Current tax assets and current tax liabilities shall be
nilai netonya disajikan dalam laporan posisi keuangan offset and the net amount is presented in the statement
jika, dan hanya jika, Perusahaan memiliki hak yang of financial position when and only when, the Company
berkekuatan hukum untuk melakukan saling hapus atas has a legal enforceable right to set off the amounts and
jumlah yang telah diakui tersebut dan berniat untuk intends either to settle on a net basis or to realise the
menyelesaikan secara neto atau untuk merealisasikan asset and settle the liability simultaneously.
aset dan menyelesaikan liabilitasnya secara simultan.
Perpajakan lainnya Other taxation matters
Penyesuaian atas liabilitas pajak dicatat pada saat Surat Amendments to tax obligations are recorded when an
Ketetapan Pajak (SKP) diterima atau jika mengajukan Tax Assessment Letter is received and/or, if objected to
keberatan dan banding, pada saat keputusan atas and/or appealed against by Company, when the result
keberatan dan banding tersebut diterima. of the objection and/or appeal is determined.
Jumlah tambahan pokok dan denda pajak yang The extra amount of tax principal and penalties
ditetapkan dengan Surat Ketetapan Pajak (SKP) stipulated by the Tax Assessment Letter is recognized as
diakui sebagai pendapatan atau beban dalam operasi income or expense in the current operations, unless
periode berjalan, kecuali jika diajukan upaya further proposed settlement efforts. The extra amount
penyelesaian selanjutnya. Jumlah tambahan pokok of tax principal and penalties stipulated by SKP are
dan denda pajak yang ditetapkan dengan SKP deferred as long as it meets the criteria for asset
ditangguhkan pembebanannya sepanjang memenuhi recognition.
kriteria pengakuan aset.
354 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 355
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/33 Exhibit E/33
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
t. Pinjaman yang Diterima t. Fund Borrowings
Pinjaman yang diterima merupakan dana yang diterima Borrowings represent funds received from various banks
dari berbagai bank dan institusi keuangan, termasuk and financial institutions, including without recourse
fasilitas pembiayaan bersama (joint financing) without joint financing facilities. Without recourse joint
recourse. Fasilitas pembiayaan bersama (joint financing) financing facilities are presented gross, i.e loans
without recourse disajikan secara gross, yaitu sebanyak granted to customers and borrowings received from
pinjaman yang diberikan kepada konsumen dan pinjaman banks are recorded at their full amount with repayment
yang diterima dari bank dicatat dalam nilai penuh dengan obligations in accordance with the terms of the
kewajiban pembayaran kembali sesuai dengan agreement.
persyaratan perjanjian pinjaman.
Pinjaman yang diterima diklasifikasikan sebagai liabilitas Borrowings are classified as financial liabilities
keuangan yang diukur dengan biaya perolehan measured at amortized cost. Additional costs that are
diamortisasi. Biaya tambahan yang dapat diatribusikan directly attributable to the acquisition of loans are
secara langsung dengan perolehan pinjaman dikurangkan deducted from total borrowings. See Note 2e for the
dari jumlah pinjaman yang diterima. Lihat Catatan 2e accounting policy on financial liabilities measured at
untuk kebijakan akuntansi atas liabilitas keuangan yang amortized cost.
diukur pada biaya perolehan diamortisasi.
u. Surat Berharga yang Diterbitkan u. Securities Issued
Surat berharga yang diterbitkan meliputi utang Obligasi. Securities issued consist of Bonds payable.
Surat berharga yang diterbitkan diklasifikasikan sebagai Securities issued are classified as financial liabilities at
liabilitas keuangan yang diukur dengan biaya perolehan amortized cost.
diamortisasi.
Biaya tambahan yang dapat diatribusikan secara langsung Additional cost directly attributable to the issuance of
dengan penerbitan surat berharga diakui sebagai diskonto securities are recognized as a discount and offset
dan dikurangkan langsung dari hasil emisi dan directly from the proceeds derived from such offerings
diamortisasi selama jangka waktu surat berharga yang and amortized over the period of the securities issued
diterbitkan tersebut dengan menggunakan metode suku using effective interest rate method.
bunga efektif.
Lihat Catatan 2e untuk kebijakan akuntansi atas liabilitas Refer to Note 2e for accounting policy of financial
keuangan yang diukur dengan biaya perolehan liabilities at amortized cost.
diamortisasi.
v. Imbalan Kerja v. Employees’ Benefits
Imbalan kerja jangka pendek Short-term employees’ benefits
Imbalan kerja jangka pendek diakui pada saat terutang Short-term employees’ benefits are recognized when
kepada karyawan berdasarkan metode akrual. they are owed to the employees based on an accrual
method.
Imbalan kerja jangka panjang dan imbalan pasca-kerja Long-term and post-employment benefits
Perusahaan dan Entitas Anaknya mencadangkan jumlah The Company and Its Subsidiary are provide a minimum
minimum imbalan panjang sesuai dengan Undang-Undang amount of pension benefit in accordance with Labor Law
Ketenagakerjaan (UUCK) atau Kontrak Kerja Bersama or Collective Labour Agreement (CLA), whichever is
(KKB), mana yang lebih tinggi, karena UUCK atau KKB higher, since the labour law or the CLA represent
adalah program imbalan pasti yang menentukan rumus defined benefit plans which sets the formula for
tertentu untuk menghitung jumlah minimal imbalan determining the minimum amount of benefit.
pensiun.
Kewajiban imbalan pasca-kerja yang diakui di laporan The obligation for post-employment benefits recognized
posisi keuangan dihitung berdasarkan nilai kini dari in the statement of financial position is calculated at
estimasi kewajiban imbalan pasca-kerja dimasa depan present value of estimated future benefits that the
yang timbul dari jasa yang telah diberikan oleh karyawan employees have earned in return for their services in
pada masa kini dan masa lalu, dikurangi dengan nilai the current and prior years, deducted by any plan
wajar aset neto dana pensiun. Perhitungan dilakukan oleh assets. The calculation is performed by an independent
aktuaria independen dengan metode projected-unit- actuary using the projected-unit-credit method.
credit.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 355
Page 356
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/34 Exhibit E/34
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
v. Imbalan Kerja (Lanjutan) v. Employees’ Benefits (Continued)
Beban jasa kini, beban bunga, beban jasa lalu yang telah Current service costs, interest costs, vested past service
menjadi hak karyawan, dan dampak kurtailmen atau costs, and effect of curtailment or settlement (if any)
penyelesaian (jika ada) diakui segera sebagai beban are recognized immediately in the statement of profit
dalam laporan laba rugi dan penghasilan komprehensif or loss and other comprehensive income.
lain.
Keuntungan atau kerugian aktuarial yang timbul dari Actuarial gains or losses arising from experience
penyesuaian dan perubahan dalam asumsi-asumsi adjustments and changes in actuarial assumptions are
aktuarial langsung diakui seluruhnya melalui penghasilan directly fully recognized to other comprehensive income
atau beban komprehensif lainnya pada tahun dimana or expense in the year when such actuarial gain/(losses)
keuntungan/(kerugian) aktuarial terjadi. Akumulasi occur. Accumulated actuarial gains and losses are
keuntungan dan kerugian aktuarial dicatat di saldo laba. recorded in retained earnings.
Perusahaan dan Entitas Anaknya telah memiliki program The Company and Its Subsidiary have a defined
pensiun iuran pasti yang mana Perusahaan membayar contribution pension program where the Company pays
iuran ke dana pensiun lembaga keuangan yang dihitung contributions to a financial institution pension plan
berdasarkan persentase tertentu dari penghasilan tetap which is calculated at a certain percentage of fixed
yang diterima karyawan yang sudah memenuhi kriteria income of the employees who meet the Company’s
yang ditetapkan Perusahaan. Iuran dibebankan ke dalam criteria. The contributions are charged to the statement
laporan laba rugi dan penghasilan komprehensif lain pada of profit or loss and other comprehensive income as they
saat terutang. become payable.
w. Pengakuan Pendapatan dan Beban w. Revenue and Expenses Recognition
Pendapatan dari piutang pembiayaan (Catatan 2h), Income from financing receivables (Note 2h), interest
pendapatan bunga dan beban bunga diakui sesuai dengan income and interest expense are recognized over the
jangka waktu kontrak berdasarkan metode suku bunga term of the contract based on the effective interest
efektif. method.
Pada saat menghitung suku bunga efektif, Perusahaan When calculating the effective interest rate, the
dan Entitas Anaknya mengestimasi arus kas di masa Company and Its Subsidiary estimate future cash flow
datang dengan mempertimbangkan seluruh persyaratan considering all contractual term of the financial
kontraktual dalam instrumen keuangan tersebut (seperti instrument (for example, prepayment options, call
pelunasan dipercepat, opsi beli (call option) dan opsi option and other similar options) but does not consider
serupa lainnya), tetapi tidak mempertimbangkan future credit losses.
kerugian kredit di masa datang.
Perhitungan suku bunga efektif mencakup seluruh biaya The calculation includes all fees, commissions and other
yang dibayarkan atau diterima oleh para pihak dalam fees paid or received between parties to the contract
kontrak yang merupakan bagian tak terpisahkan dari suku that are an integral part of the effective interest rate,
bunga efektif, biaya transaksi dan seluruh premi atau transaction costs and all other premiums discounts.
diskon lainnya.
Biaya transaksi merupakan biaya tambahan yang Transaction costs are additional charges that are
dapat diatribusikan secara langsung untuk perolehan, directly attributable to the acquisition, issuance or
penerbitan atau pelepasan aset keuangan atau liabilitas disposal of financial assets or financial liabilities.
keuangan.
Biaya tambahan merupakan biaya yang tidak akan terjadi Additional costs are costs that would not occur if the
apabila Perusahaan dan Entitas Anaknya tidak Company and Its Subsidiary do not obtain, publish or
memperoleh, menerbitkan atau melepaskan instrumen otherwise dispose of financial instruments.
keuangan.
Jika aset keuangan atau kelompok aset keuangan serupa Once a financial asset or a group of similar financial
telah diturunkan nilainya sebagai akibat kerugian assets has been written down as a result of an
penurunan nilai, maka pendapatan bunga yang diperoleh impairment loss, interest income is recognised using the
setelahnya diakui berdasarkan suku bunga yang rate of interest used to discount the future cash flows
digunakan untuk mendiskonto arus kas masa datang for the purpose of measuring the impairment loss.
dalam menghitung kerugian penurunan nilai.
Pendapatan pembiayaan Perusahaan disajikan neto The Company’s financing income is presented net
setelah dikurangi dengan bagian pendapatan milik bank of with financing income belongs to the bank in relation
atau pihak lain sehubungan dengan transaksi-transaksi with channeling transactions, joint financing
penerusan pinjaman, pembiayaan bersama, anjak cooperations, factoring, and the appointment as
piutang dan penunjukan selaku pengelola piutang. manager of accounts receivable.
356 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 357
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/35 Exhibit E/35
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
w. Pengakuan Pendapatan dan Beban (Lanjutan) w. Revenue and Expenses Recognition (Continued)
Pendapatan selisih premi asuransi dan selisih atas beban Income from excess of insurance premiums and excess
komisi dan subsidi dealer, pendapatan administrasi, of commission expenses and subsidy to dealer,
denda keterlambatan dan pendapatan terminasi diakui administration income, late charges and termination
sebagai penyesuaian atas suku bunga efektif atas income are recognised as an adjustment to the effective
pinjaman yang diberikan dan piutang (Catatan 2e). interest rate of the loan and receivables (Note 2e).
Pendapatan syariah terdiri dari pendapatan dan transaksi Sharia income consist of ijarah income and ijarah
piutang ijarah yang diakui dengan metode akrual selama receivables on accrual basis over the period of ijarah
masa akad ijarah dan IMBT. and IMBT contract.
Pendapatan pembiayaan konsumen entitas anak disajikan Subsidiary’s consumer financing income is presented net
bersih setelah dikurangi bagian pendapatan milik of with consumer financing income belongs to the lender
pemberi pinjaman atau pihak lain sehubungan dengan in relation with channeling transactions.
transaksi-transaksi penerusan pinjaman.
Beban diakui pada saat terjadinya dengan menggunakan Expenses are recognized as incurred on an accrual basis.
dasar akrual.
x. Penurunan Nilai Aset Non-Keuangan x. Impairment of Non-Financial Assets
Pengujian penurunan nilai suatu aset non-keuangan Impairment test on non-financial assets with indefinite
menggunakan masa manfaat ekonomi tidak terbatas useful economic life are undertaken annually at the
dilakukan setiap tahun pada akhir periode pelaporan financial year end. Other non-financial assets are
keuangan. Aset non-keuangan lain duji penurunan nilai subject to impairment test whenever events or changes
ketika telah terjadi atau ada perubahan dalam keadaan in circumstances indicate that their carrying amount
yang mengindikasikan bahwa nilai tercatat tidak may not be recoverable. Where the carrying value of an
terpulihkan. Apabila nilai tercatat aset melebihi jumlah asset exceedsits recoverable amount (i.e. the higher of
terpulihkan (yaitu mana yang lebih tinggi antara nilai value in use and fair value less costs to sell), the asset
pakai dan nilai wajar dikurangi untuk menjual), maka is written down accordingly.
aset tersebut diturunkan nilainya.
y. Transaksi dan Saldo dalam Mata Uang Asing y. Balances in Foreign Currency Transactions
Transaksi-transaksi dalam mata uang asing dijabarkan ke Transactions denominated in foreign currencies are
dalam Rupiah dengan menggunakan kurs yang berlaku translated into Rupiah at the exchange rates prevailing
pada tanggal transaksi. Pada tanggal pelaporan, aset dan at the date of the transaction. At the reporting date,
liabilitas moneter dalam mata uang asing dijabarkan ke monetary assets and liabilities denominated in foreign
dalam Rupiah dengan menggunakan kurs yang berlaku currencies are translated into Rupiah using the
pada tanggal laporan posisi keuangan. exchange rates prevailing at the statement of financial
position date.
Keuntungan dan kerugian selisih kurs yang timbul dari Exchange gains and losses arising from transactions in
transaksi dalam mata uang asing dan dari penjabaran aset foreign currencies and from the translation of foreign
dan liabilitas moneter dalam mata uang asing, diakui currency monetary assets and liabilities are recognized
pada laporan laba rugi dan penghasilan komprehensif lain in the current year statement of profit or loss and other
tahun berjalan. comprehensive income.
Kurs yang digunakan untuk penjabaran mata uang asing The exchange rates applied for translating the foreign
pada tanggal 31 Desember 2025 dan 2024 berdasarkan kurs currency as of 31 December 2025 and 2024 are based of
tengah yang diterbitkan Bank Indonesia, yaitu sebagai the mid exchange rate published by Bank Indonesia, are
berikut: as follows:
31 Desember/ 31 Desember/
December 2025 December 2024
(nilai penuh)/ (nilai penuh)/
(full amount) (full amount)
1 Dollar Amerika Serikat (USD) 16.782 16.162 1 United States Dollars (USD)
Penjabaran mata uang asing dicatat sesuai dengan Foreign currency translation is recorded in accordance
PSAK 221 – Pengaruh Perubahan Nilai Tukar Valuta Asing. with SFAS 221 – The Effects of Changes in Foreign Exchange
Rates.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 357
Page 358
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/36 Exhibit E/36
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
z. Segmen Operasi z. Operating Segment
Segmen operasi adalah suatu komponen dari entitas: An operating segment is a component of the entity
that:
(1) yang terlibat dalam aktivitas bisnis yang mana (1) engages in business activities from which it may
memperoleh pendapatan dan menimbulkan beban earn revenues and incur expenses, including
(termasuk pendapatan dan beban terkait dengan revenues and expenses that relate to transactions
transaksi dengan komponen lain dari entitas yang with any of the entity’s components;
sama);
(2) yang hasil operasinya dikaji ulang secara regular (2) whose operating results are reviewed regularly by
oleh pengambil keputusan operasional untuk the chief operating decision maker to make
membuat keputusan tentang sumber daya yang decisions about resources allocated to the
dialokasikan pada segmen tersebut dan menilai segment and assess its performance;
kinerjanya;
(3) dan tersedia informasi keuangan yang dapat (3) and for which discrete financial information is
dipisahkan. available.
Hasil segmen yang dilaporkan kepada pengambil Segment results that are reported to the chief operating
keputusan operasional termasuk bagian yang dapat decision maker include items directly attributable to a
diatribusikan secara langsung kepada segmen dan juga segment as well as those that can be allocated on a
yang dapat dialokasikan dengan basis yang wajar. reasonable basis.
Perusahaan dan Entitas Anaknya mengelola kegiatan The Company and Its Subsidiary manage its business
usahanya dan mengidentifikasi segmen yang dilaporkan activities and identifies its segments reported based on
berdasarkan jenis produk dan wilayah geografis. product categories and geographic area.
Perusahaan dan Entitas Anaknya menentukan dan The Company and Its Subsidiary determine and present
menyajikan segmen operasi berdasarkan informasi yang operating segments based on the information that is
secara internal diberikan kepada pengambil keputusan internally provided to the chief operating decision
operasional. maker.
aa. Saham Treasuri aa. Treasury Stock
Jika entitas memperoleh kembali instrumen ekuitasnya, If the entity regain its equity instruments, then those
maka instrumen tersebut (saham treasuri) dikurangkan instruments (treasury stock) are deducted from equity.
dari ekuitas. Keuntungan atau kerugian yang timbul dari No gain or loss is recognized in profit or loss on the
pembelian, penjualan, penerbitan, atau pembatalan purchase, sale, issue or cancellation of the entity’s own
instrumen ekuitas entitas tersebut tidak diakui dalam laba equity instruments. Compensation paid or received is
rugi. Imbalan yang dibayarkan atau diterima diakui secara recognized directly in equity.
langsung di ekuitas.
ab. Program Kompensasi Manajemen dan Karyawan Berbasis ab. Management and Employees Stock Option Program
Saham
Karyawan (termasuk eksekutif senior) Perusahaan Employees (including senior executives) of the Company
menerima remunerasi dalam bentuk pembayaran berbasis receive remuneration in the form of share-based
saham, dimana karyawan memberikan jasa sebagai payment transactions, whereby employees render
pertimbangan untuk instrumen ekuitas (‘equity-settled services as consideration for equity instruments
transactions’). Saat opsi di eksekusi, Perusahaan (‘equity-settled transactions’). When the options are
menerbitkan saham baru. Hasil neto dari eksekusi berupa exercised, the Company issues new shares.
biaya yang dapat diatribusikan secara langsung The proceeds received net of any directly attributable
dikreditkan ke modal saham (nilai nominal) dan premi transaction costs are credited to share capital (nominal
saham. value) and share premium.
Dalam situasi di mana instrumen ekuitas yang diterbitkan In situations where equity instruments are issued and
dan beberapa atau seluruh barang atau jasa yang diterima some or all of the goods or services received by the
oleh entitas sebagai pertimbangan tidak dapat entity as consideration cannot be specifically
diidentifikasi secara khusus, barang atau jasa yang identified, the unidentified goods or services received
diterima (atau yang akan diterima) yang tidak dapat (or to be received) are measured as the difference
diidentifikasi diukur sebagai selisih antara nilai wajar between the fair value of the share-based payment
pembayaran berbasis saham dan nilai wajar dari barang transaction and the fair value of any identifiable goods
atau jasa yang diterima yang teridentifikasi pada tanggal or services received at the grant date. This is then
pemberian hak. Hal ini kemudian dikapitalisasi atau capitalised or expensed as appropriate.
dibebankan secara tepat.
358 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 359
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/37 Exhibit E/37
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
ab. Program Kompensasi Manajemen dan Karyawan Berbasis ab. Management and Employees Stock Option Program
Saham (Lanjutan) (Continued)
Beban program opsi karyawan berbasis saham dan beban Employee stock option program and management option
program opsi manajemen diukur pada tanggal pemberian program costs are measured at grant date based on the
kompensasi (grant date) berdasarkan nilai wajar dari fair value of the stock option using a black-scholes
seluruh opsi yang diberikan yang dihitung dengan model.
menggunakan metode black-scholes.
ac. Laba per Saham ac. Earnings per Share
Sesuai dengan PSAK 233 “Laba per saham”, laba per In accordance with SFAS 233 “Earning per share”,
saham dasar dihitung dengan cara membagi laba bersih earnings per share is calculated by dividing net profit
yang tersedia bagi pemegang saham dengan jumlah rata- available to shareholders by the weighted average
rata tertimbang saham biasa yang beredar pada tahun number of common shares outstanding during current
yang berjalan. year.
Laba per saham dilusian dihitung dengan cara membagi Dilluted earning per share is calculated by dividing net
laba bersih yang tersedia bagi pemegang saham dengan profit available to shareholders by the weighted
jumlah rata-rata tertimbang saham biasa yang telah average number of shares outstanding as adjusted for
disesuaikan dengan dampak dari semua efek berpotensi the effect of all dilutive potential ordinary shares.
saham biasa yang dilutif.
Jika jumlah saham yang beredar meningkat akibat dari If the outstanding number of shares increase as result of
pemisahan saham (stock split), maka perhitungan laba stock split, the computation of basic earnings per share
per saham dasar untuk seluruh periode penyajian harus for all presentation periods is adjusted retrospectively.
disesuaikan secara retrospektif.
Perusahaan dan Entitas Anaknya tidak mempunyai efek The Company and Its Subsidiary have no outstanding
berpotensi saham biasa yang bersifat dilutif pada tanggal dilutive potential dilutive ordinary shares as of
31 Desember 2025 dan 2024, oleh karena itu laba per 31 December 2025 and 2024, accordingly no diluted
saham dilusian tidak dihitung dan disajikan pada laporan earnings per share is calculated and presented in the
laba rugi dan penghasilan komprehensif lain consolidated statements of profit or loss other
konsolidasian. comprehensive income.
ad. Dividen ad. Dividends
Pembagian dividen kepada para pemegang saham Dividend distributions to the Company’s shareholders is
Perusahaan diakui sebagai sebuah liabilitas dalam laporan recognised as a liability in the financial statement in the
keuangan pada periode ketika dividen tersebut disetujui period which the dividends are approved by the
oleh para pemegang saham Perusahaan. Pembagian Company’s shareholders. Interim dividend distributions
dividen interim diakui sebagai liabilitas ketika dividen are recognised as a liability when the dividends are
disetujui berdasarkan keputusan rapat Direksi sesuai approved based on a Board of Directors’ resolution in
dengan Anggaran Dasar Perusahaan. accordance with the Company’s Articles of Association.
ae. Provisi ae. Provision
Provisi diakui ketika Perusahaan dan Entitas Anaknya Provision are recognized when the Company and Its
memiliki kewajiban kini (baik bersifat hukum maupun Subsidiary have a present obligation (legal or
bersifat konstruktif) yang akibat peristiwa masa lalu besar constructive) where, as a result of a past event, it is
kemungkinannya penyelesaian kewajiban tersebut probable that an outflow of resources embodying
mengakibatkan arus keluar sumber daya yang economic benefits will be required to settle the
mengandung manfaat ekonomi dan estimasi yang andal obligation and a reliable estimate can be made of the
mengenai jumlah kewajiban tersebut dapat dibuat. amount of the obligation.
Provisi ditelaah pada setiap akhir periode pelaporan dan Provision are reviewed at each reporting date and
disesuaikan untuk mencerminkan estimasi kini terbaik. adjusted to reflect the current best estimate. If it is no
Jika tidak terdapat kemungkinan arus keluar sumber daya longer probable that an outflow of resources embodying
yang mengandung manfaat ekonomi untuk menyelesaikan economic benefits will be required to settle the
kewajiban tersebut, provisi dipulihkan. obligation, the provision is reversed.
Apabila dampak nilai waktu uang adalah material, maka If the effect of the time value of money is material,
provisi didiskontokan dengan menggunakan tarif sebelum provisions are discounted using a current pre - tax rate
pajak, jika lebih tepat, untuk mencerminkan risiko that reflects, where appropriate, the risk specific to the
spesifik liabilitas. Ketika pendiskontoan digunakan, liability. When discounting is used, the increase in the
kenaikan provisi terkait dengan berlalunya waktu diakui provision due to the passage of time is recognized as a
sebagai beban keuangan. finance cost.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 359
Page 360
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/38 Exhibit E/38
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL (Lanjutan) 2. MATERIAL ACCOUNTING POLICY INFORMATION (Continued)
af. Kontinjensi af. Contingencies
Liabilitas kontinjen tidak diakui di dalam laporan Contingent liabilities are not recognized in the financial
keuangan. Liabilitas kontinjensi diungkapkan di dalam statements. They are disclosed in the notes to the
catatan atas laporan keuangan kecuali kemungkinan arus financial statements unless the possibility of an outflow
keluar sumber daya ekonomi adalah kecil. of resources embodying economic benefits is remote.
Aset kontinjen tidak diakui di dalam laporan keuangan, Contingent assets are not recognized in the financial
namun diungkapkan di dalam catatan atas laporan statements but are disclosed in the notes to the
keuangan jika terdapat kemungkinan suatu arus masuk financial statements when an inflow of economic
manfaat ekonomis. benefits is probable.
ag. Peristiwa Setelah Periode Pelaporan ag. Events After the Reporting Period
Peristiwa setelah periode pelaporan yang menyajikan Events after the reporting period that provide evidence
bukti dari kondisi yang terjadi pada akhir periode of conditions that existed at the end of the reporting
pelaporan (peristiwa penyesuaian) yang dicerminkan di period (adjusting events) are reflected in the financial
dalam laporan keuangan. Peristiwa setelah periode statements. Events after the reporting period that are
pelaporan yang bukan merupakan peristiwa penyesuaian, not adjusting events are disclosed in the notes to the
diungkapkan di dalam catatan laporan keuangan bila financial statements when material.
material.
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS
Pertimbangan Akuntansi yang Penting, Estimasi dan Asumsi Significant Accounting Judgements, Estimates and
Assumptions
Penyusunan laporan keuangan sesuai dengan Standar The preparation of the Company’s financial statements, in
Akuntansi Keuangan di Indonesia, mengharuskan manajemen conformity with Indonesian Financial Accounting Standards
membuat pertimbangan, estimasi dan asumsi yang requires management to make judgements, estimates and
mempengaruhi aset, liabilitas, komitmen, dan kontinjensi assumptions that affect the reported amounts of assets,
yang dilaporkan. Karena adanya unsur ketidakpastian liabilities, commitments, and contingent liabilities which
melekat dalam melakukan estimasi sehingga dapat are reported. Due to inherent uncertainty in the estimates
menyebabkan jumlah sesungguhnya yang dilaporkan pada thus can lead to actual results reported in future periods
periode yang akan datang berbeda dengan jumlah yang differ from those estimates.
diestimasikan.
I. Penggunaan Pertimbangan I. Use of Judgements
Pertimbangan berikut ini dibuat oleh manajemen dalam The following judgements are made by management in
rangka penerapan kebijakan akuntansi Perusahaan yang the process of applying the Company’s accounting
memiliki pengaruh paling signifikan atas jumlah yang policies that have the most significant effects on the
diakui dalam laporan keuangan: amounts recognized in the financial statements:
(i) Klasifikasi aset dan liabilitas keuangan (i) Classification of financial assets and financial
liabilities
Perusahaan dan Entitas Anaknya menetapkan The Company and Its Subsidiary determine the
klasifikasi atas aset dan liabilitas tertentu sebagai classifications of certain assets and liabilities as
aset keuangan dan liabilitas keuangan dengan financial assets and financial liabilities by judging
mempertimbangkan apakah definisi yang ditetapkan if they meet the definition set forth in SFAS 109.
PSAK 109 dipenuhi. Dengan demikian, aset keuangan Accordingly, the financial assets and financial
dan liabilitas keuangan diakui sesuai dengan liabilities are accounted for in accordance with
kebijakan akuntansi Perusahaan seperti the Company’s accounting policies as disclosed in
diungkapkan pada Catatan 2e. Note 2e.
360 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 361
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/39 Exhibit E/39
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (Lanjutan) 3. USE OF ESTIMATES AND JUDGEMENTS (Continued)
Pertimbangan Akuntansi yang Penting, Estimasi dan Asumsi Significant Accounting Judgements, Estimates and
(Lanjutan) Assumptions (Continued)
I. Penggunaan Pertimbangan (Lanjutan) I. Use of Judgements (Continued)
Pertimbangan berikut ini dibuat oleh manajemen dalam The following judgements are made by management in
rangka penerapan kebijakan akuntansi Perusahaan yang the process of applying the Company’s accounting
memiliki pengaruh paling signifikan atas jumlah yang policies that have the most significant effects on the
diakui dalam laporan keuangan: (Lanjutan) amounts recognized in the financial statements:
(Continued)
(ii) Cadangan atas kerugian penurunan nilai aset (ii) Allowance for impairment of financial assets
keuangan
Perusahaan dan Entitas Anaknya mengevaluasi The Company and Its Subsidiary evaluate specific
akun tertentu yang diketahui bahwa para accounts where it has information that certain
pelanggannya tidak dapat memenuhi liabilitas customers are unable to meet their financial
keuangannya. Dalam hal tersebut, Perusahaan obligations. In these cases, the Company uses
mempertimbangkan, berdasarkan fakta dan situasi judgement, based on available facts and
yang tersedia, termasuk namun tidak terbatas pada circumstances, including but not limited to, the
jangka waktu, hubungan dengan pelanggan dan length of its relationship with the customer and the
status piutang dari pelanggan berdasarkan catatan customer’s current receivables status based on any
piutang pihak ketiga yang tersedia dan faktor pasar available third party receivables reports and known
yang telah diketahui, untuk mencatat cadangan market factors, to record specific allowance for
spesifik atas pelanggan terhadap jumlah terutang customers against amounts due to reduce its
guna mengurangi jumlah piutang yang diharapkan receivable amounts that the Company and Its
dapat diterima oleh Perusahaan dan Entitas Subsidiary expected to collect.
Anaknya.
Cadangan spesifik ini dievaluasi kembali dan These specific allowances are re-evaluated and
disesuaikan jika tambahan informasi yang diterima adjusted as additional information received
mempengaruhi jumlah cadangan kerugian affects the amounts of allowance for impairment
penurunan nilai piutang pembiayaan. Nilai tercatat of financing receivables. The carrying amount
dari piutang pembiayaan sebelum cadangan of the Company’s financing receivables
kerugian penurunan nilai pada tanggal 31 Desember before allowance for impairment losses as of
2025 dan 2024 masing-masing sebesar Rp 23.375.101 31 December 2025 and 2024 were amounted to
dan Rp 22.827.418. Penjelasan lebih rinci Rp 23,375,101 and Rp 22,827,418, respectively.
diungkapkan dalam Catatan 5. Further details are shown in Note 5.
II. Estimasi dan Asumsi II. Estimates and Assumptions
Asumsi utama masa depan dan sumber utama estimasi The key assumptions concerning the future and
ketidakpastian lain pada akhir periode pelaporan yang other key sources of estimation uncertainty at
memiliki risiko signifikan bagi penyesuaian yang material the reporting date that have a significant risk of
terhadap nilai tercatat aset dan liabilitas untuk periode causing a material adjustment to the carrying amounts
pelaporan berikutnya, diungkapkan dibawah ini. of assets and liabilities within the next financial year
Perusahaan mendasarkan asumsi dan estimasi pada are disclosed below. The Company based its
parameter yang tersedia pada saat laporan keuangan assumptions and estimates on parameters which are
disusun. Asumsi dan situasi mengenai perkembangan available when the financial statements were prepared.
masa depan, mungkin berubah akibat perubahan pasar Existing assumptions and circumstances about future
atau situasi diluar kendali Perusahaan dan Entitas development, may change due to market changes or
Anaknya. Perubahan tersebut dicerminkan dalam asumsi circumstances arising beyond the control of the
terkait pada saat terjadinya. Company and Its Subsidiary. Such changes are reflected
in the assumptions as they occur.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 361
Page 362
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/40 Exhibit E/40
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (Lanjutan) 3. USE OF ESTIMATES AND JUDGEMENTS (Continued)
Pertimbangan Akuntansi yang Penting, Estimasi dan Asumsi Significant Accounting Judgements, Estimates and
(Lanjutan) Assumptions (Continued)
II. Estimasi dan Asumsi (Lanjutan) II. Estimates and Assumptions (Continued)
(i) Nilai wajar atas instrumen keuangan (i) Fair value of financial instruments
Nilai wajar instrumen keuangan yang secara aktif The fair value of financial instruments that
diperdagangkan di pasar keuangan ditentukan are actively traded in organized financial
dengan mengacu pada kuotasi harga pasar yang markets is determined by reference to quoted
berlaku pada penutupan pasar pada akhir tahun market bid prices at the close of business at the
pelaporan. Untuk instrumen keuangan yang tidak end of the reporting year. For financial
diperdagangkan di pasar aktif, nilai wajar instruments where there is no active market, fair
ditentukan dengan menggunakan teknik penilaian. value is determined using valuation techniques.
Teknik penilaian tersebut meliputi penggunaan Such techniques may include using recent arm’s
transaksi pasar terkini yang dilakukan secara wajar length market transaction, reference to the
(arm’s length market transactions), referensi atas current fair value of another instrument that is
nilai wajar terkini dari instrumen lain yang secara substantially the same, discounted cash flow
substantial sama, analisis arus kas yang didiskonto, analysis, or other valuation models. Further
atau model penilaian lainnya. Penjelasan lebih rinci details are shown in Note 36.
diungkapkan dalam Catatan 36.
(ii) Cadangan kerugian penurunan nilai aset keuangan (ii) Allowance for impairment losses of financial
assets
Perusahaan dan Entitas Anaknya telah menelaah The Company and Its Subsidiary have reviewed
pinjaman yang diberikan dan piutang pada setiap loans and receivables at each statements of
tanggal laporan posisi keuangan untuk menilai financial positions date to assess whether
apakah penurunan nilai harus diakui dalam laporan impairment should be recognized in the profit or
laba rugi. Secara khusus, justifikasi oleh manajemen loss or not. In particular, justification by
diperlukan dalam estimasi jumlah dan waktu arus management is required to estimate the amount
kas di masa mendatang ketika menentukan and timing of future cash flows when determining
penurunan nilai. Dalam estimasi arus kas ini, impairment. In the estimation of cash flows, the
Perusahaan membuat justifikasi tentang situasi Company makes the justification of the financial
keuangan debitur dan nilai realisasi neto agunan. condition of debtors and net realizable value of
Estimasi-estimasi ini didasarkan pada asumsi-asumsi collateral. These estimates are based on
tentang sejumlah faktor dan hasil aktual mungkin assumptions about a number of factors and actual
berbeda, yang tercermin dalam perubahan cadangan results may differ, as reflected in changes in
perubahan kerugian penurunan nilai tersebut di reserves of changes in these impairment losses in
masa mendatang. the future.
Evaluasi cadangan kerugian penurunan nilai secara Allowance for impairment losses that collectively
kolektif mencakup kerugian kredit yang melekat assessed includes inherent credit losses in financing
pada portofolio piutang pembiayaan dengan receivables portfolios with similar credit risk
karakteristik risiko kredit yang sejenis ketika characteristics when objective evidence
terdapat bukti objektif bahwa telah terjadi of impairment exist for those portfolios. In
penurunan nilai piutang dalam portofolio tersebut. assessing the need for collective allowances for
Dalam menentukan perlunya untuk membentuk impairment losses, management considers factors
cadangan kerugian penurunan nilai secara kolektif, such as credit quality, portfolio size, credit
manajemen mempertimbangkan faktor-faktor concentrations, and economic factors.
seperti kualitas kredit, besarnya portofolio,
konsentrasi kredit, dan faktor-faktor ekonomi.
Dalam mengestimasi cadangan yang dibutuhkan, In order to estimate the required allowance,
asumsi-asumsi dibuat untuk menentukan model assumptions are made to define the way inherent
kerugian bawaan dan untuk menentukan parameter losses are modeled and to determine the required
input yang diperlukan, berdasarkan pengalaman input parameters, based on historical experience
historis dan keadaan ekonomi saat ini. Ketepatan and current economic conditions. The accuracy of
dari cadangan ini bergantung pada asumsi model dan the allowances depends on the model assumptions
parameter yang digunakan dalam penentuan and parameters used in determining collective
cadangan kolektif. Penjelasan lebih rinci allowances. Further details are shown in Note 5.
diungkapkan dalam Catatan 5.
362 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 363
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/41 Exhibit E/41
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (Lanjutan) 3. USE OF ESTIMATES AND JUDGEMENTS (Continued)
II. Estimasi dan Asumsi (Lanjutan) II. Estimates and Assumptions (Continued)
(iii) Estimasi umur manfaat aset tetap dan aset tak (iii) Useful life estimate for fixed assets and
berwujud intangible assets
Perusahaan dan Entitas Anaknya melakukan The Company and Its Subsidiary review periodically
penelahaan berkala atas masa manfaat ekonomis the estimated useful life of fixed assets based on
aset tetap berdasarkan faktor-faktor seperti kondisi factors such as technical specification and future
teknis dan perkembangan teknologi di masa depan. technological developments. Future results of
Hasil operasi di masa depan akan dipengaruhi secara operations could be materially affected by changes
material atas perubahan estimasi ini yang in these estimates brought about by changes in the
diakibatkan oleh perubahan faktor yang telah factors mentioned. See Note 10 for the carrying
disebutkan di atas. Lihat Catatan 10 untuk jumlah amount of fixed assets.
tercatat aset tetap.
(iv) Imbalan pasca-kerja (iv) Post-employment benefits
Nilai kini liabilitas imbalan pasca-kerja tergantung The present value of the post-employment benefits
pada beberapa faktor yang ditentukan dengan dasar obligations liabilities depends on a number of
aktuarial berdasarkan beberapa asumsi. Asumsi yang factors that are determined on an actuarial basis
digunakan untuk menentukan biaya (penghasilan) using a number of assumptions. The assumptions
liabilitas imbalan pasca-kerja neto mencakup used in determining the net cost (income) for post-
tingkat diskonto, tingkat kenaikan gaji di masa employment benefits liabilities include the
datang, tingkat pengunduran diri, tingkat discount rate, salary increment rate, resignation
kecacatan, usia pensiun dan tingkat kematian. rate, disability rate, retirement age and mortality
Perubahan atas asumsi-asumsi ini akan rate. Any changes in these assumptions will impact
mempengaruhi jumlah tercatat liabilitas imbalan the carrying amount of post-employment benefits
pasca-kerja. liabilities.
Perusahaan dan Entitas Anaknya menentukan The Company and Its Subsidiary determine the
tingkat diskonto yang sesuai pada akhir periode appropriate discount rate at the end of each
pelaporan. Ini merupakan tingkat suku bunga yang reporting period. This is the interest rate that
harus digunakan untuk menentukan nilai kini atas should be used to determine the present value of
estimasi arus kas keluar masa depan yang estimated future cash outflows expected to be
diharapkan untuk menyelesaikan liabilitas imbalan required to settle the post-employment benefits
pasca-kerja. Dalam menentukan tingkat suku bunga liabilities. In determining the appropriate discount
yang sesuai, Perusahaan mempertimbangkan tingkat rate, the Company considers the interest rates of
suku bunga obligasi pemerintah yang government bonds that are denominated in the
didenominasikan dalam mata uang imbalan akan currency in which the benefits will be paid and that
dibayar dan memiliki jangka waktu yang serupa have terms to maturity approximating the terms of
dengan jangka waktu liabilitas imbalan pasca-kerja the related post-employment benefit liabilities.
yang terkait.
Asumsi kunci liabilitas imbalan pasca-kerja lainnya Other key assumptions for post-employment
sebagian ditentukan berdasarkan kondisi pasar saat benefit liabilities are based in part on current
ini. Penjelasan lebih rinci diungkapkan dalam market conditions. Further details are shown in
Catatan 17. Note 17.
(v) Program kompensasi manajemen dan karyawan (v) Management and employees stock option
berbasis saham program
Perusahaan dan Entitas Anaknya mengukur biaya The Company and Its Subsidiary measure the cost
equity-settled transactions karyawan dengan of equity-settled transactions with employees by
mengacu pada nilai wajar instrumen ekuitas pada reference to the fair value of the equity
tanggal diberikan. Estimasi nilai wajar untuk instruments at the date at which they are granted.
pembayaran berbasis saham untuk menentukan Estimating fair value for share-based payment
model penilaian yang paling sesuai, tergantung pada transactions requires determining the most
persyaratan dan kondisi pemberian. Estimasi ini juga appropriate valuation model, which is dependent
mengharuskan menentukan input yang paling tepat on the terms and conditions of the grant. This
untuk valuasi model termasuk masa manfaat yang estimate also requires determining the most
diharapkan dari opsi saham, volatilitas dan dividend appropriate inputs to the valuation model
yield dan membuat asumsi yang digunakan. including the expected life of the share option,
volatility and dividend yield and making
assumptions about them.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 363
Page 364
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/42 Exhibit E/42
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN (Lanjutan) 3. USE OF ESTIMATES AND JUDGEMENTS (Continued)
Pertimbangan Akuntansi yang Penting, Estimasi dan Asumsi Significant Accounting Judgements, Estimates and
(Lanjutan) Assumptions (Continued)
II. Estimasi dan Asumsi (Lanjutan) II. Estimates and Assumptions (Continued)
(vi) Pajak penghasilan (vi) Income tax
Pertimbangan signifikan dilakukan dalam Significant judgement is involved in determining
menentukan provisi atas pajak penghasilan provision for corporate income tax. There are
badan. Terdapat transaksi dan perhitungan tertentu certain transaction and computation for which the
yang penentuan pajak akhirnya adalah tidak pasti ultimate tax determination is uncertain during the
sepanjang kegiatan usaha normal. Perusahaan dan ordinary course of business. The Company and Its
Entitas Anaknya mengakui liabilitas atas pajak Subsidiary recognize liabilities for expected
penghasilan badan berdasarkan estimasi apakah corporate income tax issues based on estimates of
terdapat tambahan pajak penghasilan badan. whether additional corporate income tax will be
Penjelasan lebih rinci diungkapkan dalam Catatan due. Further details are shown in Note 14b.
14b.
(vii) Aset pajak tangguhan (vii) Deferred tax assets
Aset pajak tangguhan diakui atas seluruh perbedaan Deferred tax assets are recognized for all
temporer yang dapat dikurangkan, sepanjang besar deductible temporary differences, to the extent
kemungkinannya bahwa penghasilan kena pajak that it is probable that taxable profit will be
akan tersedia sehingga perbedaan temporer available against which the deductible temporary
tersebut dapat digunakan. differences.
Justifikasi manajemen diperlukan untuk Management judgement is required to determine
menentukan jumlah aset pajak tangguhan yang the amount of deferred tax assets that can be
dapat diakui, sesuai dengan waktu yang tepat dan recognized, based upon the likely timing on level
tingkat laba fiscal di masa mendatang sejalan of future taxable profits together with future
dengan strategi rencana perpajakan ke depan. strategic tax planning. Further details are shown
Penjelasan lebih rinci diungkapkan dalam Catatan in Note 14c.
14c.
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of the followings:
31 Desember/December
2025 2024
Kas – Rupiah 1.605 3.021 Cash on hand - Rupiah
Bank – Rupiah Cash in banks - Rupiah
Pihak ketiga Third parties
PT Bank Rakyat Indonesia (Persero) Tbk 357.412 101.992 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Syariah Nasional 250.000 250.000 PT Bank Syariah Nasional
PT Bank Syariah Indonesia Tbk 151.617 25.648 PT Bank Syariah Indonesia Tbk
PT Bank Jabar Banten Syariah 150.105 90.580 PT Bank Jabar Banten Syariah
PT Bank KB Bukopin Syariah 143.609 150.931 PT Bank KB Bukopin Syariah
PT Bank Mandiri (Persero) Tbk 130.426 110.712 PT Bank Mandiri (Persero) Tbk
PT Bank Central Asia Tbk 28.867 29.014 PT Bank Central Asia Tbk
Standard Chartered Bank, Standard Chartered Bank,
Cabang Jakarta 9.196 11.564 Jakarta Branch
PT Bank CIMB Niaga Tbk 5.998 8.659 PT Bank CIMB Niaga Tbk
PT Bank Permata Tbk 3.278 1.706 PT Bank Permata Tbk
PT Bank Negara Indonesia (Persero) Tbk 1.699 8.379 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Victoria International Tbk 1.450 50.263 PT Bank Victoria International Tbk
PT Bank Tabungan Negara (Persero) Tbk 120 50.020 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 11 10.030 Jawa Barat dan Banten Tbk
Lain-lain (saldo di bawah Rp 1.000) 269 185 Others (balance below Rp 1,000)
Pihak berelasi (Catatan 29) Related party (Note 29)
PT Bank Jago Tbk 1.838 70 PT Bank Jago Tbk
Jumlah bank 1.235.895 899.753 Total cash in banks
Jumlah kas dan bank 1.237.500 902.774 Total cash on hand and in banks
364 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 365
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/43 Exhibit E/43
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. KAS DAN SETARA KAS (Lanjutan) 4. CASH AND CASH EQUIVALENTS (Continued)
Kas dan setara kas terdiri dari: (Lanjutan) Cash and cash equivalents consist of the followings:
(Continued)
31 Desember/December
2025 2024
Deposito berjangka - Rupiah Time deposits - Rupiah
Pihak ketiga Third parties
PT Bank KB Bukopin Syariah 204.225 252.169 PT Bank KB Bukopin Syariah
PT Bank Nationalnobu Tbk 100.000 - PT Bank Nationalnobu Tbk
PT Bank Sahabat Sampoerna 3.062 100.000 PT Bank Sahabat Sampoerna
PT Bank Amar Indonesia Tbk 3.039 - PT Bank Amar Indonesia Tbk
PT Bank Ina Perdana Tbk 1.019 51.055 PT Bank Ina Perdana Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 367 357 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Victoria International Tbk - 200.000 PT Bank Victoria International Tbk
PT Allo Bank Indonesia Tbk - 100.000 PT Allo Bank Indonesia Tbk
PT Bank Mandiri (Persero) Tbk - 1.000 PT Bank Mandiri (Persero) Tbk
Pihak berelasi (Catatan 29) Related party (Note 29)
PT Bank Jago Tbk 3.000 6.771 PT Bank Jago Tbk
Jumlah deposito berjangka 314.712 711.352 Total time deposits
Jumlah kas dan setara kas 1.552.212 1.614.126 Total cash and cash equivalents
Kisaran tingkat suku bunga deposito berjangka di atas adalah The range of the interest rates from the above time deposits
sebagai berikut: are as follows:
31 Desember/December
2025 2024
Tingkat bunga deposito Time deposit interest rate
berjangka per tahun per annum
Rupiah 3,00% - 7,00% 6,00% - 7,00% Rupiah
Rincian kontrak deposito Perusahaan dan Entitas Anaknya The details of the deposit contract of the Company and Its
berdasarkan periode jatuh temponya adalah sebagai berikut: Subsidiary based on the maturity period are as follows:
31 Desember/December
2025 2024
Deposito berjangka 314.712 711.352 Time deposits
Dikurangi : Less:
Periode jatuh tempo di bawah tiga bulan (314.712) (711.352) Due date period under three months
Periode jatuh tempo di atas tiga bulan - - Due date period over three months
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 365
Page 366
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/44 Exhibit E/44
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN 5. FINANCING RECEIVABLES
31 Desember/December
2025 2024
Piutang pembiayaan konvensional 32.270.518 29.700.549 Conventional financing receivables
Piutang pembiayaan murabahah 951.740 872.863 Murabahah financing receivables
Jumlah piutang pembiayaan - bruto 33.222.258 30.573.412 Total financing receivables – gross
Rincian piutang pembiayaan adalah sebagai berikut: The details of financing receivables are as follows:
31 Desember/December
2025 2024
Piutang pembiayaan – bruto 33.222.258 30.573.412 Financing receivables – gross
Pendapatan pembiayaan yang
belum diakui (7.114.502) (6.567.670) Unearned financing income
Biaya transaksi yang belum diamortisasi 80.921 40.541 Unamortized transaction costs
26.188.677 24.046.283
Pembiayaan bersama dan penerusan Joint financing and
pinjaman – neto (2.813.576) (1.218.865) channeling – net
23.375.101 22.827.418
Dikurangi : cadangan kerugian Less : allowance for
penurunan nilai (980.631) (814.604) impairment losses
Jumlah piutang pembiayaan - neto 22.394.470 22.012.814 Total financing receivables - net
Angsuran piutang pembiayaan – bruto, yang akan diterima The installments of financing receivables - gross, which will
dari konsumen sesuai dengan tanggal jatuh temponya adalah be collected from consumers in accordance with the due
sebagai berikut: dates are as follows:
31 Desember/December
2025 2024
<= 1 tahun 16.619.434 15.355.205 <= 1 year
1 – 2 tahun 9.587.437 8.787.764 1 – 2 years
> 2 tahun 7.015.387 6.430.443 > 2 years
Jumlah 33.222.258 30.573.412 Total
Pengelompokan piutang pembiayaan - bruto menurut jumlah The classification of financing receivables - gross based on
hari tunggakan adalah sebagai berikut: days overdue are as follows:
31 Desember/December
31 Desember/December 2025 2024
2025 2024 % %
Belum jatuh tempo 26.763.578 25.138.952 80,56 82,23 Current
Lewat jatuh tempo: Past due:
1-30 hari 5.414.243 4.514.059 16,30 14,76 1-30 days
31-90 hari 680.416 620.787 2,05 2,03 31-90 days
91-120 hari 106.140 105.739 0,32 0,35 91-120 days
121-180 hari 166.726 137.509 0,50 0,45 121-180 days
> 180 hari 91.155 56.366 0,27 0,18 > 180 days
Jumlah 33.222.258 30.573.412 100,00 100,00 Total
366 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 367
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/45 Exhibit E/45
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
Tabel berikut menunjukkan perubahan nilai tercatat piutang The following tables show movement of carrying amount of
pembiayaan selama tahun berjalan: receivables during the year:
31 Desember/December 2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 23.235.687 510.982 299.614 24.046.283 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 50.743 (48.716) (2.027) - Transfer to stage 1 -
- Pindah ke tahap 2 (473.303) 475.048 (1.745) - Transfer to stage 2 -
- Pindah ke tahap 3 (308.120) (29.144) 337.264 - Transfer to stage 3 -
Aset keuangan yang telah Financial assets that have
dilunasi, perubahan pada been repaid, changes in
biaya transaksi dan piutang transaction cost and
bunga pembiayaan (13.705.230) (573.073) 530.412 (13.747.891) financing interest receivable
Aset keuangan yang baru New financial assets
diperoleh 16.469.618 220.164 121.864 16.811.646 originated
Penghapusan - - (921.361) (921.361) Written-off
Saldo akhir 25.269.395 555.261 364.021 26.188.677 Ending balance
31 Desember/December 2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 21.156.309 502.122 299.910 21.958.341 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 54.843 (50.676) (4.167) - Transfer to stage 1 -
- Pindah ke tahap 2 (441.261) 443.299 (2.038) - Transfer to stage 2 -
- Pindah ke tahap 3 (252.174) (18.070) 270.244 - Transfer to stage 3 -
Aset keuangan yang telah Financial assets that have
dilunasi, perubahan pada been repaid, changes in
biaya transaksi dan piutang transaction cost and
bunga pembiayaan (13.007.419) (567.974) 420.213 (13.155.180) financing interest receivable
Aset keuangan yang baru New financial assets
diperoleh 15.725.389 202.281 110.753 16.038.423 originated
Penghapusan - - (795.301) (795.301) Written-off
Saldo akhir 23.235.687 510.982 299.614 24.046.283 Ending balance
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 367
Page 368
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/46 Exhibit E/46
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang pembiayaan selama tahun berjalan: impairment losses of financing receivables during the year:
31 Desember/December 2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 431.246 133.587 249.771 814.604 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 14.337 (12.617) (1.720) - Transfer to stage 1 -
- Pindah ke tahap 2 (12.944) 14.314 (1.370) - Transfer to stage 2 -
- Pindah ke tahap 3 (8.856) (6.374) 15.230 - Transfer to stage 3 -
Aset keuangan yang telah dilunasi Financial assets that have been
dan pengukuran kembali repaid and remeasurement
penurunan nilai – neto (211.657) (31.318) 863.880 620.905 of loss impairment - net
Aset keuangan yang baru New financial assets
diperoleh 302.853 62.879 100.751 466.483 originated
Penghapusan - - (921.361) (921.361) Written-off
Saldo akhir 514.979 160.471 305.181 980.631 Ending balance
31 Desember/December 2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 392.270 104.798 267.052 764.120 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 13.489 (9.947) (3.542) - Transfer to stage 1 -
- Pindah ke tahap 2 (11.855) 13.694 (1.839) - Transfer to stage 2 -
- Pindah ke tahap 3 (6.851) (3.559) 10.410 - Transfer to stage 3 -
Aset keuangan yang telah dilunasi Financial assets that have been
dan pengukuran kembali repaid and remeasurement
penurunan nilai – neto (231.883) (24.451) 679.379 423.045 of loss impairment - net
Aset keuangan yang baru New financial assets
diperoleh 276.076 53.052 93.612 422.740 originated
Penghapusan - - (795.301) (795.301) Written-off
Saldo akhir 431.246 133.587 249.771 814.604 Ending balance
Mutasi cadangan kerugian penurunan nilai piutang The movements in the allowance for impairment losses of
pembiayaan berdasarkan penilaian secara individual dan financing receivables based on individual and collective
kolektif adalah sebagai berikut: assessments are as follows:
31 Desember/December 2025
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Saldo awal 60.871 753.733 814.604 Beginning balance
Penambahan cadangan Additions to allowance
selama tahun berjalan – neto 56.633 1.030.755 1.087.388 during the year – net
Penghapusan (21.419) (899.942) (921.361) Written-off
Saldo akhir 96.085 884.546 980.631 Ending balance
368 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 369
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/47 Exhibit E/47
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
Mutasi cadangan kerugian penurunan nilai piutang The movements in the allowance for impairment losses of
pembiayaan berdasarkan penilaian secara individual dan financing receivables based on individual and collective
kolektif adalah sebagai berikut: (Lanjutan) assessments are as follows: (Continued)
31 Desember/December 2024
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Saldo awal - 764.120 764.120 Beginning balance
Penambahan cadangan Additions to allowance
selama tahun berjalan – neto 85.979 759.806 845.785 during the year – net
Penghapusan (25.108) (770.193) (795.301) Written-off
Saldo akhir 60.871 753.733 814.604 Ending balance
a. Piutang pembiayaan berdasarkan tujuan pembiayaan a. Financing receivables based on purpose of financing
31 Desember/December 2025
Syariah/
Konvensional/Conventional Sharia
Modal
Kerja/ Multiguna/ Sub-
Investasi/ Working Multi- jumlah/ Jumlah/
Investment Capital purpose Sub-total Murabahah Total
Piutang pembiayaan Financing receivables
- bruto 5.584.782 19.186.062 7.499.674 32.270.518 951.740 33.222.258 - gross
Pendapatan
pembiayaan Unearned financing
yang belum diakui (953.926) (4.111.450) (1.792.179) (6.857.555) (256.947) (7.114.502) income
Biaya transaksi yang Unamortized
belum diamortisasi (5.149) (16.961) 79.699 57.589 23.332 80.921 transaction cost
4.625.707 15.057.651 5.787.194 25.470.552 718.125 26.188.677
Pembiayaan bersama Joint financing
dan penerusan and channeling -
pinjaman - neto (157.614) (2.549.563) (106.399) (2.813.576) - (2.813.576) net
4.468.093 12.508.088 5.680.795 22.656.976 718.125 23.375.101
Cadangan kerugian Allowance for
penurunan nilai (173.401) (516.367) (268.483) (958.251) (22.380) (980.631) impairment losses
Jumlah piutang
pembiayaan - Total financing
neto 4.294.692 11.991.721 5.412.312 21.698.725 695.745 22.394.470 receivables - net
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 369
Page 370
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/48 Exhibit E/48
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
a. Piutang pembiayaan berdasarkan tujuan pembiayaan a. Financing receivables based on purpose of financing
(Lanjutan) (Continued)
31 Desember/December 2024
Syariah/
Konvensional/Conventional Sharia
Modal
Kerja/ Multiguna/ Sub-
Investasi/ Working Multi- jumlah/ Jumlah/
Investment Capital purpose Sub-total Murabahah Total
Piutang pembiayaan Financing receivables
- bruto 6.196.015 17.625.650 5.878.884 29.700.549 872.863 30.573.412 - gross
Pendapatan
pembiayaan Unearned financing
yang belum diakui (1.125.044) (3.795.644) (1.410.360) (6.331.048) (236.622) (6.567.670) income
Biaya transaksi yang Unamortized
belum diamortisasi (18.960) (11.253) 46.793 16.580 23.961 40.541 transaction cost
5.052.011 13.818.753 4.515.317 23.386.081 660.202 24.046.283
Pembiayaan bersama Joint financing
dan penerusan and channeling -
pinjaman - neto (62.320) (1.081.611) (74.934) (1.218.865) - (1.218.865) net
4.989.691 12.737.142 4.440.383 22.167.216 660.202 22.827.418
Cadangan kerugian Allowance for
penurunan nilai (158.086) (422.201) (211.933) (792.220) (22.384) (814.604) impairment losses
Jumlah piutang
pembiayaan - Total financing
neto 4.831.605 12.314.941 4.228.450 21.374.996 637.818 22.012.814 receivables - net
Pembiayaan investasi diberikan untuk pembiayaan barang Investment financing were extended to finance capital
modal beserta jasa yang diperlukan untuk aktivitas goods and services needed for business/investment
usaha/investasi. activities.
Pembiayaan modal kerja diberikan untuk memenuhi Working capital financing were extended for working
kebutuhan pengeluaran yang habis dalam satu siklus capital needs which fully utilized within one cycle of
aktivitas usaha. business activities.
Kegiatan pembiayaan investasi dan modal kerja ditujukan Investment and working capital financing activities
untuk debitur yang : were intended to borrowers which :
a. memiliki usaha produktif; dan/atau a. have productive businesses; and/or
b. memiliki ide untuk pengembangan usaha produktif. b. have ideas to develop the productive business.
Pembiayaan multiguna diberikan untuk pembiayaan Multipurpose financing were extended for financing of
barang dan/atau jasa untuk pemakaian/konsumsi dan goods/services for consumption and non-business
bukan untuk keperluan usaha atau aktivitas produktif. related or productive activities.
370 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 371
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/49 Exhibit E/49
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
b. Piutang pembiayaan berdasarkan jenis pengikatan b. Financing receivables based on type of contract
31 Desember/December 2025
Pembiayaan Pembiayaan
Sewa konsumen/ Murabahah/
pembiayaan/ Consumer Murabahah Jumlah/
Finance lease financing financing Total
Piutang pembiayaan - Financing receivables -
bruto 21.596.360 10.674.158 951.740 33.222.258 gross
Pendapatan pembiayaan Unearned financing
yang belum diakui (4.191.636) (2.665.919) (256.947) (7.114.502) income
Biaya transaksi yang Unamortized
belum diamortisasi (25.434) 83.023 23.332 80.921 transaction cost
17.379.290 8.091.262 718.125 26.188.677
Pembiayaan bersama
dan penerusan Joint financing
pinjaman – neto (2.567.553) (246.023) - (2.813.576) and channeling - net
14.811.737 7.845.239 718.125 23.375.101
Cadangan kerugian Allowance for
penurunan nilai (564.227) (394.024) (22.380) (980.631) impairment losses
Jumlah piutang Total financing
pembiayaan – neto 14.247.510 7.451.215 695.745 22.394.470 receivables – net
31 Desember/December 2024
Pembiayaan Pembiayaan
Sewa konsumen/ Murabahah/
pembiayaan/ Consumer Murabahah Jumlah/
Finance lease financing financing Total
Piutang pembiayaan - Financing receivables -
Bruto 20.176.373 9.524.176 872.863 30.573.412 gross
Pendapatan pembiayaan Unearned financing
yang belum diakui (4.028.351) (2.302.697) (236.622) (6.567.670) income
Biaya transaksi yang Unamortized
belum diamortisasi (35.313) 51.893 23.961 40.541 transaction cost
16.112.709 7.273.372 660.202 24.046.283
Pembiayaan bersama
dan penerusan Joint financing
pinjaman – neto (1.057.176) (161.689) - (1.218.865) and channeling - net
15.055.533 7.111.683 660.202 22.827.418
Cadangan kerugian Allowance for
penurunan nilai (459.866) (332.354) (22.384) (814.604) impairment losses
Jumlah piutang Total financing
pembiayaan – neto 14.595.667 6.779.329 637.818 22.012.814 receivables – net
Informasi pokok lainnya sehubungan dengan piutang Other significant information relating to financing
pembiayaan adalah sebagai berikut: receivables is as follows:
Persentase cadangan kerugian penurunan nilai terhadap Percentage of the allowance for impairment losses
jumlah piutang pembiayaan sebesar 4,20% dan 3,57% masing- to financing receivables was 4.20% and 3.57% as of
masing pada tanggal 31 Desember 2025 dan 2024. 31 December 2025 and 2024, respectively.
Manajemen berkeyakinan bahwa cadangan kerugian penurunan The management believes that the allowance for
nilai yang dibentuk memadai untuk menutup kerugian yang impairment losses was sufficient to cover possible losses
mungkin timbul akibat tidak tertagihnya piutang pembiayaan arising from uncollectible financing receivables.
tersebut.
Seluruh transaksi pembiayaan dilakukan dengan pihak ketiga. All of the Company’s financing transactions are entered
with third parties.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 371
Page 372
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/50 Exhibit E/50
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. PIUTANG PEMBIAYAAN (Lanjutan) 5. FINANCING RECEIVABLES (Continued)
Jangka waktu kontrak pembiayaan yang disalurkan oleh The period of financing installment contract for vehicle and
Perusahaan atas kendaraan bermotor dan alat-alat berat heavy equipment ranged from 6–60 months, and for housing
berkisar antara 6–60 bulan, serta perumahan (KPR) berkisar ranges between 12-84 months.
12-84 bulan.
Rincian bunga kontraktual dan marjin syariah per tahun untuk The detail of contractual interest and sharia margin rates per
piutang pembiayaan adalah sebagai berikut: annum on financing receivables are as follows:
31 Desember/December
2025 2024
% %
Mobil 12 - 20 15 - 20 Cars
Sepeda motor 35 - 40 35 - 40 Motorcycles
Properti 15 - 20 17 - 20 Property
Alat berat dan mesin 9 - 16 9 - 16 Heavy equipment and machinery
Channeling 16 - 28 16 - 28 Channeling
Syariah 17 - 25 17 - 25 Sharia
Sebagai jaminan atas piutang pembiayaan yang diberikan, As the collateral to the financing receivables, the Company
Perusahaan menerima jaminan dari konsumen berupa Buku receives the Book of Vehicle Ownership (BPKB), Proprietary
Pemilik Kendaraan Bermotor (BPKB), Sertifikat Hak Milik Certificate (SHM) and Property Use Right Certificate (SHGB)
(SHM) dan Sertifikat Hak Guna Bangunan (SHGB) atas of the vehicles and property (building) financed by the
kendaraan bermotor dan properti (bangunan) yang dibiayai Company and purchase invoices of the motor vehicles/heavy
Perusahaan dan faktur atas kendaraan bermotor/alat equipment/collateral asset financed by the Company.
berat/obyek jaminan yang dibiayai oleh Perusahaan.
Piutang pembiayaan pada tanggal 31 Desember 2025 dan 2024 Financing receivable as of 31 December 2025 and 2024
masing-masing sebesar Rp 6.459.179 dan Rp 7.403.146 amounting to Rp 6,459,179 and Rp 7,403,146 were used as
digunakan sebagai jaminan atas pinjaman yang diterima collateral to borrowings (Note 13) and amounting to
(Catatan 13) dan sebesar Rp 865.511 dan Rp 1.171.702 Rp 865,511 and Rp 1,171,702 were used as collateral to
digunakan sebagai jaminan surat berharga yang diterbitkan securities issued, respectively (Note 15).
(Catatan 15).
Channeling adalah platform layanan teknologi peer-to-peer Channeling is a peer-to-peer lending platform with
milik FIT, entitas anak. technology services owns by FIT, a subsidiary.
Perusahaan bekerjasama dengan beberapa perusahaan The Company engages several insurance companies to provide
asuransi untuk memberikan perlindungan risiko terhadap aset risk protection for assets and financing provided by the
dan pembiayaan yang diberikan Perusahaan, terutama Company, mainly PT Sinarmas Penjaminan Kredit Syariah,
PT Sinarmas Penjaminan Kredit Syariah, PT Asuransi Bina Dana PT Asuransi Bina Dana Arta Tbk, PT Asuransi Sinar Mas,
Arta Tbk, PT Asuransi Sinar Mas, PT Asuransi Wahana Tata, PT Asuransi Wahana Tata, PT Asuransi Astra, PT Asuransi
PT Asuransi Astra, PT Asuransi Raksa Pratikara, PT Asuransi Raksa Pratikara, PT Asuransi FPG Indonesia, PT Asuransi Etiqa
FPG Indonesia, PT Asuransi Etiqa Internasional Indonesia, Internasional Indonesia, PT Pan Pasific Insurance, PT FWD
PT Pan Pasific Insurance, PT FWD Insurance Indonesia dan Insurance Indonesia and PT Chubb Life Insurance Indonesia.
PT Chubb Life Insurance Indonesia. Seluruh perusahaan All insurance companies that the engaged by the Company are
asuransi yang bekerjasama dengan Perusahaan adalah pihak third parties.
ketiga.
372 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 373
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/51 Exhibit E/51
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. PIUTANG IJARAH DAN IMBT 6. IJARAH AND IMBT RECEIVABLES
31 Desember/December
2025 2024
Piutang ijarah 1.027 141 Ijarah receivables
Piutang Ijarah Muntahiyah Bittamlik (IMBT) 7.026 6.979 Ijarah Muntahiyah Bittamlik (IMBT) receivables
Jumlah 8.053 7.120 Total
Dikurangi: cadangan kerugian penurunan nilai (606) (469) Less: allowance for impairment losses
Neto 7.447 6.651 Net
Aset ijarah 13.741 2.362 Ijarah assets
Dikurangi: Less:
Akumulasi penyusutan (3.163) (495) Accumulated depreciation
Cadangan kerugian penurunan nilai (172) (19) Allowance for impairment losses
Sub – Jumlah 10.406 1.848 Sub - Total
Aset IMBT 126.955 112.816 IMBT assets
Dikurangi: Less:
Akumulasi penyusutan (51.532) (35.194) Accumulated depreciation
Cadangan kerugian penurunan nilai (2.492) (2.524) Allowance for impairment losses
Sub – Jumlah 72.931 75.098 Sub - Total
Jumlah piutang ijarah dan IMBT - neto 90.784 83.597 Total ijarah and IMBT receivables - net
Aset ijarah terdiri dari pembiayaan umroh, pendidikan, Ijarah assets consist of financing for umrah, education,
kebutuhan multijasa dan wisata halal. multiservices needs and halal tourism.
Penyusutan dan kerugian penurunan nilai dibebankan pada Depreciation and impairment losses was charged to the
laporan laba rugi dan penghasilan komprehensif lain consolidated statements of profit or loss and other
konsolidasian. comprehensive income.
Tabel berikut menunjukkan perubahan nilai tercatat piutang The following tables show movement of carrying amount of
ijarah dan IMBT selama tahun berjalan: Ijarah and IMBT receivables during the year:
31 Desember/December 2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 83.536 2.156 917 86.609 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 - - - - Transfer to stage 1 -
- Pindah ke tahap 2 (2.035) 2.035 - - Transfer to stage 2 -
- Pindah ke tahap 3 (928) - 928 - Transfer to stage 3 -
Aset keuangan yang telah Financial assets that have
dilunasi, perubahan pada been repaid, changes in
biaya transaksi dan piutang transaction cost and
marjin pembiayaan (46.436) (2.731) 2.557 (46.610) financing margin receivable
Aset keuangan yang baru New financial assets
diperoleh 56.814 734 243 57.791 originated
Penghapusan - - (3.736) (3.736) Written-off
Saldo akhir 90.951 2.194 909 94.054 Ending balance
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 373
Page 374
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/52 Exhibit E/52
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. PIUTANG IJARAH DAN IMBT (Lanjutan) 6. IJARAH AND IMBT RECEIVABLES (Continued)
Tabel berikut menunjukkan perubahan nilai tercatat piutang The following tables show movement of carrying amount of
ijarah dan IMBT selama tahun berjalan: (Lanjutan) Ijarah and IMBT receivables during the year: (Continued)
31 Desember/December 2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 53.132 547 137 53.816 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 - - - - Transfer to stage 1 -
- Pindah ke tahap 2 (1.867) 1.867 - - Transfer to stage 2 -
- Pindah ke tahap 3 (603) - 603 - Transfer to stage 3 -
Aset keuangan yang telah Financial assets that have
dilunasi, perubahan pada been repaid, changes in
biaya transaksi dan piutang transaction cost and
marjin pembiayaan (28.076) (1.093) 2.316 (26.853) financing margin receivable
Aset keuangan yang baru New financial assets
diperoleh 60.950 835 447 62.232 originated
Penghapusan - - (2.586) (2.586) Written-off
Saldo akhir 83.536 2.156 917 86.609 Ending balance
Tabel berikut menunjukkan perubahan cadangan kerugian The following tables show movement of the allowance for
penurunan nilai piutang ijarah dan IMBT selama tahun berjalan: impairment losses of ijarah and IMBT receivables during the
year:
31 Desember/December 2025
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 1.483 612 917 3.012 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 - - - - Transfer to stage 1 -
- Pindah ke tahap 2 (53) 53 - - Transfer to stage 2 -
- Pindah ke tahap 3 (26) - 26 - Transfer to stage 3 -
Aset keuangan yang telah dilunasi Financial assets that have been
dan pengukuran kembali repaid and remeasurement
penurunan nilai – neto (690) (186) 3.459 2.583 of loss impairment - net
Aset keuangan yang baru New financial assets
diperoleh 878 290 243 1.411 originated
Penghapusan - - (3.736) (3.736) Written-off
Saldo akhir 1.592 769 909 3.270 Ending balance
31 Desember/December 2024
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Saldo awal 712 198 137 1.047 Beginning balance
Pergerakan antar tahap : Interstage movement:
- Pindah ke tahap 1 - - - - Transfer to stage 1 -
- Pindah ke tahap 2 (25) 25 - - Transfer to stage 2 -
- Pindah ke tahap 3 (6) - 6 - Transfer to stage 3 -
Aset keuangan yang telah dilunasi Financial assets that have been
dan pengukuran kembali repaid and remeasurement
penurunan nilai – neto (190) 143 2.913 2.866 of loss impairment - net
Aset keuangan yang baru New financial assets
diperoleh 992 246 447 1.685 originated
Penghapusan - - (2.586) (2.586) Written-off
Saldo akhir 1.483 612 917 3.012 Ending balance
374 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 375
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/53 Exhibit E/53
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PIUTANG LAIN-LAIN – PIHAK KETIGA 7. OTHER RECEIVABLES – THIRD PARTIES
31 Desember/December
2025 2024
Piutang dalam proses penyelesaian – neto 225.543 203.253 Receivables in the settlement process - net
Piutang karyawan 43.778 46.352 Employee receivables
Piutang penerimaan angsuran konsumen 41.721 38.467 Customer installment receipt receivables
Premi asuransi 992 2.020 Insurance premium
Lain-lain 2.236 2.408 Others
Jumlah 314.270 292.500 Total
Piutang dalam proses penyelesaian – pihak ketiga dinyatakan Receivables in the settlement process – third parties are
dalam nilai neto, setelah dikurangi dengan cadangan kerugian recorded at net amount, after deducting the allowance for
penurunan nilai pada tanggal 31 Desember 2025 dan 2024 impairment losses as of 31 December 2025 and 2024
masing-masing sebesar Rp 50.846 dan Rp 44.329. Manajemen amounting to Rp 50,846 and Rp 44,329, respectively.
berpendapat bahwa jumlah cadangan kerugian penurunan nilai Management believes that the allowance for impairment
tersebut, cukup untuk menutupi kerugian yang mungkin timbul losses are adequate to cover possible losses from
akibat tidak tertagihnya piutang dalam proses penyelesaian - uncollectible receivables from receivables in the
pihak ketiga. settlement process – third parties.
Piutang penerimaan angsuran konsumen merupakan Customer installment receipt receivables are customer
pembayaran angsuran konsumen yang diantaranya dilakukan installment such paid through online customer’s payment
secara online melalui fasilitas layanan pembayaran pelanggan channel (payment point) such as ATM networks of Prima,
(payment point) seperti jaringan ATM Prima, ATM Bersama, ATM Bersama and outlets of Indomaret and Alfamart retail
jaringan toko ritel Indomaret dan Alfamart (termasuk di stores (including the store chains of Alfa Midi, Dandan and
dalamnya jaringan Alfa Midi, Dandan dan Lawson) serta Lawson) and marketplace such as Tokopedia, Shopee, Blibli
marketplace seperti Tokopedia, Shopee, Blibli dan Gojek. and Gojek. These channels will transfer the installment
Fasilitas payment point ini akan meneruskan angsuran yang paid to the Company’s bank account in several bank within
dibayarkan konsumen tersebut ke rekening Perusahaan di 1 (one) day up to 2 (two) days from the date that the
beberapa bank dalam jangka waktu 1 (satu) hari sampai dengan customer installment is received.
2 (dua) hari dari tanggal angsuran konsumen diterima.
8. ASET (LIABILITAS) DERIVATIF 8. DERIVATIVE ASSETS (LIABILITIES)
Perusahaan memiliki beberapa kontrak cross currency dan The Company has several cross currency and interest rate
interest rate swap dengan beberapa bank. Perincian dari swap contracts with several banks. The details of these
kontrak-kontrak tersebut adalah sebagai berikut: contracts are as follows:
31 Desember/December 2025
Jumlah nosional Tanggal Nilai wajar/Fair value
(nilai penuh)/ perjanjian/ Tanggal Aset (liabilitas) derivatif/
Pihak lawan/ Notional amount Agreement jatuh tempo/ Derivative assets
Counterparty (full amount) date Due date (liabilities)
Cross Currency and Interest
Rate Swap
PT Bank CTBC Indonesia USD 1.000.000 22-Feb-2023 20-Feb-2026 1.463
PT Bank CIMB Niaga Tbk USD 2.000.000 22-May-2023 22-May-2026 3.692
PT Bank Rakyat Indonesia (Persero) Tbk USD 2.000.000 19-Jun-2023 26-Jun-2026 3.348
PT Bank CIMB Niaga Tbk USD 3.000.000 27-Jul-2023 27-Jul-2026 4.711
PT Bank Rakyat Indonesia (Persero) Tbk USD 6.000.000 16-Aug-2023 28-Aug-2026 7.932
PT Bank Permata Tbk USD 6.000.000 27-Nov-2023 27-Nov-2026 6.456
PT Bank Rakyat Indonesia (Persero) Tbk USD 10.000.000 18-Dec-2023 18-Dec-2026 10.260
PT Bank Rakyat Indonesia (Persero) Tbk USD 5.000.000 18-Jan-2024 25-Jan-2027 5.123
PT Bank CIMB Niaga Tbk USD 10.000.000 15-Feb-2024 15-Feb-2027 7.427
PT Bank Permata Tbk USD 10.000.000 21-Mar-2024 22-Mar-2027 9.168
PT Bank CIMB Niaga Tbk USD 4.166.667 26-Mar-2024 28-Mar-2027 2.850
PT Bank Permata Tbk USD 3.250.000 5-Apr-2024 5-Apr-2027 1.821
PT Bank Permata Tbk USD 4.750.000 18-Apr-2024 18-Apr-2027 2.666
PT Bank Rakyat Indonesia (Persero) Tbk USD 6.000.000 18-Apr-2024 26-Apr-2027 2.633
PT Bank CIMB Niaga Tbk USD 5.194.444 7-May-2024 21-May-2027 1.981
PT Bank Permata Tbk USD 4.141.667 29-Aug-2024 27-Aug-2027 3.627
PT Bank Danamon Indonesia Tbk USD 3.842.776 26-Sep-2024 24-Sep-2027 4.985
PT Bank Danamon Indonesia Tbk USD 3.812.500 12-Mar-2025 12-Mar-2027 452
PT Bank Danamon Indonesia Tbk USD 7.625.000 14-Mar-2025 12-Mar-2027 20
PT Bank CIMB Niaga Tbk USD 5.511.111 19-Aug-2025 25-Aug-2028 1.175
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 375
Page 376
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/54 Exhibit E/54
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. ASET (LIABILITAS) DERIVATIF (Lanjutan) 8. DERIVATIVE ASSETS (LIABILITIES) (Continued)
Perusahaan memiliki beberapa kontrak cross currency dan The Company has several cross currency and interest rate
interest rate swap dengan beberapa bank. Perincian dari swap contracts with several banks. The details of these
kontrak-kontrak tersebut adalah sebagai berikut: (Lanjutan) contracts are as follows: (Continued)
31 Desember/December 2025
Jumlah nosional Tanggal Nilai wajar/Fair value
(nilai penuh)/ perjanjian/ Tanggal Aset (liabilitas) derivatif/
Pihak lawan/ Notional amount Agreement jatuh tempo/ Derivative assets
Counterparty (full amount) date Due date (liabilities)
Cross Currency and Interest
Rate Swap
PT Bank Danamon Indonesia Tbk USD 5.166.667 19-Aug-2025 26-Aug-2027 1.265
PT Bank DBS Indonesia USD 5.425.000 13-Aug-2025 19-Aug-2027 1.405
PT Bank DBS Indonesia USD 5.425.000 21-Aug-2025 27-Aug-2027 1.280
PT Bank Danamon Indonesia Tbk USD 5.591.667 23-Oct-2025 23-Oct-2027 5
PT Bank Permata Tbk USD 9.100.000 22-Dec-2025 22-Dec-2027 (720)
PT Bank Permata Tbk USD 5.985.000 26-Nov-2025 26-Nov-2028 (614)
PT Bank CIMB Niaga Tbk USD 6.000.000 29-Dec-2025 29-Dec-2028 (1.306)
83.105
31 Desember/December 2024
Jumlah nosional Tanggal Nilai wajar/Fair value
(nilai penuh)/ perjanjian/ Tanggal Aset (liabilitas) derivatif/
Pihak lawan/ Notional amount Agreement jatuh tempo/ Derivative assets
Counterparty (full amount) date Due date (liabilities)
Cross Currency and Interest
Rate Swap
PT Bank Permata Tbk USD 1.000.000 18-Jan-2022 20-Jan-2025 1.879
PT Bank Permata Tbk USD 1.500.000 14-Feb-2022 14-Feb-2025 2.653
PT Bank Permata Tbk USD 1.500.000 14-Mar-2022 14-Mar-2025 2.657
PT Bank CTBC Indonesia USD 7.000.000 22-Feb-2023 20-Feb-2026 6.261
PT Bank CIMB Niaga Tbk USD 6.000.000 22-May-2023 22-May-2026 8.195
PT Bank Rakyat Indonesia (Persero) Tbk USD 6.000.000 19-Jun-2023 26-Jun-2026 (11.579)
PT Bank CIMB Niaga Tbk USD 7.000.000 27-Jul-2023 27-Jul-2026 7.811
PT Bank Rakyat Indonesia (Persero) Tbk USD 14.000.000 16-Aug-2023 28-Aug-2026 (16.130)
PT Bank Permata Tbk USD 12.000.000 27-Nov-2023 27-Nov-2026 8.138
PT Bank Rakyat Indonesia (Persero) Tbk USD 20.000.000 18-Dec-2023 18-Dec-2026 (8.213)
PT Bank Rakyat Indonesia (Persero) Tbk USD 9.000.000 18-Jan-2024 25-Jan-2027 (5.167)
PT Bank CIMB Niaga Tbk USD 18.000.000 15-Feb-2024 15-Feb-2027 6.655
PT Bank Permata Tbk USD 18.000.000 21-Mar-2024 22-Mar-2027 10.096
PT Bank CIMB Niaga Tbk USD 7.500.000 26-Mar-2024 28-Mar-2027 2.201
PT Bank Permata Tbk USD 5.416.667 5-Apr-2024 5-Apr-2027 983
PT Bank Permata Tbk USD 7.916.667 18-Apr-2024 18-Apr-2027 1.527
PT Bank Rakyat Indonesia (Persero) Tbk USD 10.000.000 18-Apr-2024 26-Apr-2027 1.024
PT Bank CIMB Niaga Tbk USD 8.861.111 7-May-2024 21-May-2027 (53)
PT Bank Permata Tbk USD 6.508.333 29-Aug-2024 27-Aug-2027 3.425
PT Bank Danamon Indonesia Tbk USD 6.038.647 26-Sep-2024 24-Sep-2027 5.291
27.654
Perusahaan melakukan kontrak cross currency swap dan The Company entered into cross currency swap and interest
interest rate swap dengan tujuan lindung nilai atas risiko rate swap contracts to hedge the risk of fluctuations in cash
fluktuasi arus kas yang ditimbulkan oleh kurs mata uang dan flows arising from exchange rates and interest rates on
tingkat suku bunga atas pinjaman yang diterima. borrowing.
Perubahan atas nilai wajar dari kontrak cross currency swap Changes in the fair value of cross currency swap and interest
dan interest rate swap yang ditetapkan sebagai instrumen rate swap contract designated hedging instruments that
lindung nilai, yang secara efektif menghapus variabilitas arus effectively offset the variability of cash flows associated
kas dari pinjaman terkait, dicatat di ekuitas. Nilai ini with the borrowings are recorded in equity. The amounts
kemudian diakui dalam laporan laba rugi sebagai penyesuaian subsequently are recognized to the profit or loss as
atas laba atau rugi selisih kurs dan beban bunga pinjaman adjustments of the exchange rate differences and interest
terkait yang dilindungi nilai pada periode yang sama dimana payments related to the hedged borrowings in the same
selisih kurs dan beban bunga tersebut diakui pada perkiraan period in which the related exchange rate differences and
laba rugi. interest affects profit or loss.
376 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 377
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/55 Exhibit E/55
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. ASET (LIABILITAS) DERIVATIF (Lanjutan) 8. DERIVATIVE ASSETS (LIABILITIES) (Continued)
Kerugian kumulatif yang timbul dari perubahan nilai wajar The cumulative loss arising from the changes in fair values
instrumen derivatif pada tanggal 31 Desember 2025 dan 2024 of the derivative instruments as of 31 December 2025 and
masing-masing sebesar Rp 29.734 dan Rp 65.416 disajikan 2024 amounting to Rp 29,734 and Rp 65,416, respectively,
sebagai “Kerugian kumulatif atas instrumen derivatif untuk were presented as “Cumulative loss on derivative
lindung nilai arus kas–neto” sebagai bagian “Ekuitas” pada instrument for cash flow hedges – net” under the “Equity”
laporan posisi keuangan konsolidasian dan akan diakui dalam section in the consolidated statement of financial position
laporan laba rugi pada saat realisasinya. and will be recognized in the statement of profit or loss
upon its realization.
9. BEBAN DIBAYAR DI MUKA DAN UANG MUKA 9. PREPAID EXPENSES AND ADVANCES
31 Desember/December
2025 2024
Beban Dibayar di Muka Prepaid Expenses
Implementasi proyek IT 19.263 15.684 IT implementation project
Bunga 1.586 716 Interest
Sewa 1.343 754 Rent
Asuransi 305 291 Insurance
Lain-lain 577 58 Others
Sub-jumlah 23.074 17.503 Sub-total
Uang Muka Advances
Akses biro kredit 1.665 - Loan access bureou
Uang muka 470 630 Advance payment
Lain-lain - 2.006 Others
Sub-jumlah 2.135 2.636 Sub-total
Jumlah 25.209 20.139 Total
10. ASET TETAP 10. FIXED ASSETS
31 Desember/December 2025
Saldo awal/ A Saldo akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Deductions Reclassifications balance
Harga perolehan Acquisition cost
Pemilikan langsung Direct ownership
Tanah 207.193 17.568 - - 224.761 Land
Bangunan dan prasarana 451.733 4.484 (98 ) 10.482 466.601 Building and improvements
Peralatan kantor 330.974 26.617 (17.233 ) 6.293 346.651 Office equipment
Kendaraan 351.197 64.359 (44.952 ) - 370.604 Vehicles
Perabot dan
perlengkapan kantor 25.278 1.630 (530 ) 1.173 27.551 Furniture and fixtures
1.366.375 114.658 (62.813) 17.948 1.436.168
Aset dalam pembangunan 1.526 17.923 - (17.952) 1.497 Asset under construction
Jumlah Harga Perolehan 1.367.901 132.581 (62.813 ) (4) 1.437.665 Total Acquisition Cost
Akumulasi penyusutan Accumulated depreciation
Pemilikan langsung Direct ownership
Bangunan dan prasarana 266.165 22.918 (93 ) - 288.990 Building and improvements
Peralatan kantor 258.163 29.481 (17.133 ) - 270.511 Office equipment
Kendaraan 148.900 65.468 (26.997 ) - 187.371 Vehicles
Perabot dan
perlengkapan kantor 22.128 1.200 (522 ) - 22.806 Furniture and fixtures
Jumlah Akumulasi Total Accumulated
Penyusutan 695.356 119.067 (44.745 ) - 769.678 Depreciation
Nilai Tercatat 672.545 667.987 Carrying Amount
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 377
Page 378
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/56 Exhibit E/56
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10. FIXED ASSETS (Continued)
31 Desember/December 2024
Saldo awal/ A Saldo akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Deductions Reclassifications balance
Harga perolehan Acquisition cost
Pemilikan langsung Direct ownership
Tanah 207.193 - - - 207.193 Land
Bangunan dan prasarana 446.797 916 (2.383 ) 6.403 451.733 Building and improvements
Peralatan kantor 326.524 7.454 (11.100 ) 8.096 330.974 Office equipment
Kendaraan 338.710 78.007 (65.949 ) 429 351.197 Vehicles
Perabot dan
perlengkapan kantor 24.703 705 (503 ) 373 25.278 Furniture and fixtures
1.343.927 87.082 (79.935) 15.301 1.366.375
Aset dalam pembangunan 1.102 10.430 - (10.006) 1.526 Asset under construction
Jumlah Harga Perolehan 1.345.029 97.512 (79.935 ) 5.295 1.367.901 Total Acquisition Cost
Akumulasi penyusutan Accumulated depreciation
Pemilikan langsung Direct ownership
Bangunan dan prasarana 245.587 22.946 (2.368 ) - 266.165 Building and improvements
Peralatan kantor 230.516 38.641 (10.994 ) - 258.163 Office equipment
Kendaraan 126.431 61.995 (39.526 ) - 148.900 Vehicles
Perabot dan
perlengkapan kantor 21.668 956 (496 ) - 22.128 Furniture and fixtures
Jumlah Akumulasi Total Accumulated
Penyusutan 624.202 124.538 (53.384 ) - 695.356 Depreciation
Nilai Tercatat 720.827 672.545 Carrying Amount
3
Pada tanggal 31 Desember 2025 dan 2024 rincian aset dalam As of 31 December 2025 and 2024, the details of asset under
pembangunan dengan persentase penyelesaian masing-masing construction with percentage of completion of are 62% and
sebesar 62% dan 67% sebagai berikut: 67%, respectively, are as follows:
Perkiraan tahun penyelesaian/ 31 Desember/December
Proyek Estimation of completion 2025 2024 Project
Bangunan dan prasarana 2025 1.089 527 Building and improvement
Peralatan kantor 2025 40 998 Office equipment
Perabot dan
perlengkapan kantor 2025 368 1 Furniture and fixtures
Jumlah 1.497 1.526 Total
Jumlah penyusutan yang dibebankan pada operasi adalah Depreciation charged to operations was amounted to
sejumlah Rp 119.067 dan Rp 124.538 masing-masing untuk Rp 119,067 and Rp 124,538 for the year ended 31 December
tahun yang berakhir pada tanggal 31 Desember 2025 dan 2024 2025 and 2024, respectively (Note 27).
(Catatan 27).
Seluruh hak pemilikan atas tanah Perusahaan adalah dalam All land owned by the Company has certificates of Building
bentuk Hak Guna Bangunan (HGB) dengan jangka waktu Right to Use Titles (“HGB”) which have useful periods
penggunaan akan berakhir antara tahun 2026 sampai tahun ranging from 2026 to 2055. The management of the Company
2055. Manajemen Perusahaan berpendapat tidak terdapat believes that there will be no difficulty in extending the land
masalah dengan perpanjangan hak atas tanah karena seluruh rights as the land were acquired legally and supported by
tanah diperoleh secara sah dan didukung oleh bukti sufficient evidences of ownership.
kepemilikan yang memadai.
378 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 379
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/57 Exhibit E/57
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. ASET TETAP (Lanjutan) 10. FIXED ASSETS (Continued)
Pengurangan aset tetap untuk tahun yang berakhir pada Deductions of fixed assets for the year ended 31 December
tanggal 31 Desember 2025 dan 2024 terdiri dari 2025 and 2024 consisted of writen off office equipment and
penghapusbukuan peralatan kantor dan rehabilitasi gedung leasehold improvement, and sales of fixed assets - vehicles
kantor, serta penjualan aset tetap kendaraan dan peralatan and office equipment with details of gain on sale are as
kantor dengan rincian keuntungan yang diperoleh adalah follows:
sebagai berikut:
31 Desember/December
2025 2024
Hasil penjualan 28.519 40.231 Proceeds
Nilai tercatat (18.068) (26.551) Carrying amount
Keuntungan penjualan aset tetap 10.451 13.680 Gain on sale of fixed assets
Keuntungan penjualan aset tetap diakui sebagai bagian dari Gain on sale of fixed assets is recognized as part of “Other
“Pendapatan Lain-lain” pada laporan laba rugi dan Income” in the consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian (Catatan 24). other comprehensive income (Note 24).
Pada tanggal 31 Desember 2025 dan 2024, jumlah harga As of 31 December 2025 and 2024, the cost of fixed asset
perolehan aset tetap yang telah disusutkan penuh tetapi masih which have been fully depreciated but still in use in the
digunakan dalam kegiatan operasional adalah masing-masing operational activities amounted to Rp 383,493 and
sebesar Rp 383.493 dan Rp 338.685. Rp 338,685, respectively.
Seluruh aset tetap, kecuali tanah, telah diasuransikan All fixed assets, except for land, are covered against losses
terhadap risiko kerugian kebakaran, banjir dan risiko kerugian from fire, flood and other risks (all risks) with a total
lainnya (all risks) dengan nilai pertanggungan masing-masing insurance coverage amounting to Rp 574,668 and Rp 470,730
sebesar Rp 574.668 dan Rp 470.730 pada tanggal 31 Desember as of 31 December 2025 and 2024, respectively by
2025 dan 2024 oleh PT Asuransi FPG Indonesia. Manajemen PT Asuransi FPG Indonesia. The management believes that
berpendapat bahwa nilai pertanggungan tersebut sudah the coverage is adequate to cover possible losses from such
memadai untuk menutupi kemungkinan kerugian atas aset risks.
yang dipertanggungkan.
Tidak ada aset tetap yang dijadikan jaminan pada tanggal There were no fixed assets pledged as collateral as of
31 Desember 2025 dan 2024. 31 December 2025 and 2024.
Berdasarkan evaluasi manajemen Perusahaan dan Entitas Based on management’s assessment, there are no events or
Anaknya, tidak terdapat kejadian atau perubahan keadaan changes in circumstances which may indicate an impairment
yang mengindikasikan adanya penurunan nilai aset tetap pada in value of fixed assets as of 31 December 2025 and 2024.
tanggal 31 Desember 2025 dan 2024.
Manajemen Perusahaan dan Entitas Anaknya berkeyakinan The management of the Company and Its Subsidiary believe
bahwa tidak ada perbedaan secara signifikan antara nilai wajar that there is no significant difference between the fair
aset tetap dengan jumlah tercatat. value and the carrying amount of fixed assets.
Seluruh aset tetap yang ada pada tanggal pelaporan digunakan All of fixed assets as at the reporting date are fully used to
untuk menunjang aktivitas operasi Perusahaan. support the Company’s operation activities.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 379
Page 380
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/58 Exhibit E/58
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. ASET HAK-GUNA 11. RIGHT-OF-USE ASSETS
Klasifikasi kelompok utama aset hak-guna adalah sebagai The major classification of right-of-use assets are as
berikut: follows:
31 Desember/December 2025
Saldo awal/ Penambahan/ Pengurangan/ Saldo akhir/
Beginning balance Additions Deductions Ending balance
Harga perolehan Acquisition cost
Sewa bangunan 76.775 24.436 (22.967) 78.244 Buildings leases
Akumulasi Accumulated
penyusutan depreciation
Sewa bangunan 33.518 21.708 (22.967) 32.259 Buildings leases
Nilai Tercatat 43.257 45.985 Carrying Amount
31 Desember/December 2024
Saldo awal/ Penambahan/ Pengurangan/ Saldo akhir/
Beginning balance Additions Deductions Ending balance
Harga perolehan Acquisition cost
Sewa bangunan 117.656 24.706 (65.587) 76.775 Buildings leases
Akumulasi Accumulated
penyusutan depreciation
Sewa bangunan 76.631 22.474 (65.587) 33.518 Buildings leases
Nilai Tercatat 41.025 43.257 Carrying Amount
Jumlah penyusutan yang dibebankan pada operasi adalah Depreciation charged to operations was amounted to
sejumlah Rp 21.708 dan Rp 22.474 untuk tahun yang berakhir Rp 21,708 and Rp 22,474 for the year ended 31 December
pada tanggal 31 Desember 2025 dan 2024 (Catatan 27). 2025 and 2024, respectively (Note 27).
Beberapa transaksi sewa gudang dan kantor mengandung opsi Some leases of warehouses and offices contain extension
perpanjangan yang dapat diambil oleh Perusahaan sebelum options exercisable by the Company before the end of the
masa berakhirnya kontrak yang tidak dapat dibatalkan. Opsi non-cancellable contract period. The extension options held
perpanjangan yang dimiliki hanya dapat diambil oleh are exercisable only by the Company. The Company assesses
Perusahaan. Perusahaan mengevaluasi pada awal dimulainya at lease commencement whether it is reasonably certain to
masa sewa apakah besar kemungkinan akan diambilnya opsi exercise the extension options. The Company reassesses this
perpanjangan. Perusahaan mengevaluasi kembali penentuan assessment if there is a significant event or significant
ini apabila ada peristiwa signifikan atau ada perubahan change in circumstances within its control.
keadaan signifikan di dalam kendali Perusahaan.
380 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 381
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/59 Exhibit E/59
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. ASET TAK BERWUJUD 12. INTANGIBLE ASSETS
31 Desember/December 2025
Saldo awal/ A Saldo akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Deductions Reclassifications balance
Harga perolehan Acquisition cost
Pemilikan langsung Direct ownership
Perangkat lunak 422.489 6.785 (20.424 ) 2.889 411.739 Software
Perangkat lunak dalam
penyelesaian 4.947 8.304 - (2.889) 10.362 Software in progress
Jumlah Harga Perolehan 427.436 15.089 (20.424 ) - 422.101 Total Acquisition Cost
Akumulasi amortisasi Accumulated amortization
Pemilikan langsung Direct ownership
Perangkat lunak 228.027 63.892 (13.691 ) - 278.228 Software
Nilai Tercatat 199.409 143.873 Carrying Amount
31 Desember/December 2024
Saldo awal/ A Saldo akhir/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Deductions Reclassifications balance
Harga perolehan Acquisition cost
Pemilikan langsung Direct ownership
Perangkat lunak 427.298 15.111 (20.184 ) 264 422.489 Software
Perangkat lunak dalam
penyelesaian 2.364 8.142 - (5.559) 4.947 Software in progress
Jumlah Harga Perolehan 429.662 23.253 (20.184 ) (5.295 ) 427.436 Total Acquisition Cost
Akumulasi amortisasi Accumulated amortization
Pemilikan langsung Direct ownership
Perangkat lunak 174.496 68.353 (14.822 ) - 228.027 Software
Nilai Tercatat 255.166 199.409 Carrying Amount
Jumlah amortisasi yang dibebankan pada operasi adalah Amortization charged to operations was amounted
sejumlah Rp 63.892 dan Rp 68.353 masing-masing untuk tahun to Rp 63,892 and Rp 68,353 for the year ended
yang berakhir pada tanggal 31 Desember 2025 dan 2024 31 December 2025 and 2024, respectively (Note 27).
(Catatan 27).
13. PINJAMAN YANG DITERIMA 13. FUND BORROWINGS
Pinjaman yang diterima terdiri dari: Fund borrowings consist of the followings:
31 Desember/December
2025 2024
Lembaga keuangan Financial institutions
Pihak ketiga Third parties
Pinjaman (Dolar AS) Borrowings (US Dollar)
Pinjaman Sindikasi 1.006.920 2.004.088 Syndicated Loan
PT Bank Permata Tbk 456.918 320.681 PT Bank Permata Tbk
PT Bank Danamon Indonesia Tbk 436.980 97.597 PT Bank Danamon Indonesia Tbk
PT Bank CIMB Niaga Tbk 350.277 264.428 PT Bank CIMB Niaga Tbk
PT Bank DBS Indonesia 182.085 - PT Bank DBS Indonesia
PT Bank CTBC Indonesia 16.782 113.134 PT Bank CTBC Indonesia
Sub-jumlah pinjaman (Dolar AS) 2.449.962 2.799.928 Sub-total borrowings (US Dollar)
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 381
Page 382
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/60 Exhibit E/60
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PINJAMAN YANG DITERIMA (Lanjutan) 13. FUND BORROWINGS (Continued)
Pinjaman yang diterima terdiri dari: (Lanjutan) Fund borrowings consist of the followings: (Continued)
31 Desember/December
2025 2024
Lembaga keuangan (lanjutan) Financial institutions (Continued)
Pihak ketiga Third parties
Pinjaman (Rupiah) Borrowings (Rupiah)
PT Bank Mandiri (Persero) Tbk 1.745.769 1.729.457 PT Bank Mandiri (Persero) Tbk
PT Bank Central Asia Tbk 1.486.111 1.237.500 PT Bank Central Asia Tbk
PT Bank Pan Indonesia Tbk 1.200.000 962.892 PT Bank Pan Indonesia Tbk
PT Bank UOB Indonesia 500.000 500.000 PT Bank UOB Indonesia
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 434.167 286.667 Jawa Barat dan Banten Tbk
PT Bank China Construction PT Bank China Construction
Bank Indonesia Tbk 385.309 295.367 Bank Indonesia Tbk
PT Bank KEB Hana Indonesia 383.333 433.333 PT Bank KEB Hana Indonesia
PT Bank HSBC Indonesia 369.445 - PT Bank HSBC Indonesia
PT Bank Digital BCA 314.444 474.444 PT Bank Digital BCA
MUFG Bank, Ltd, Cabang Jakarta 225.313 354.063 MUFG Bank, Ltd, Jakarta Branch
PT Bank Mizuho Indonesia 150.000 150.000 PT Bank Mizuho Indonesia
PT Bank Shinhan Indonesia 150.000 33.333 PT Bank Shinhan Indonesia
PT Bank Victoria International Tbk 150.000 - PT Bank Victoria International Tbk
PT Bank Maspion Indonesia Tbk 125.000 225.000 PT Bank Maspion Indonesia Tbk
Pinjaman Sindikasi Syndicated Loan
(Agen : PT Bank DKI) 55.117 542.744 (Agent : PT Bank DKI)
PT Bank OCBC NISP Tbk - 150.000 PT Bank OCBC NISP Tbk
PT Bank CIMB Niaga Tbk - 98.025 PT Bank CIMB Niaga Tbk
PT Bank DKI - 89.690 PT Bank DKI
Pihak berelasi (Catatan 29) Related party (Note 29)
PT Bank Jago Tbk 102.643 169.094 PT Bank Jago Tbk
Sub-jumlah pinjaman (Rupiah) 7.776.651 7.731.609 Sub-total borrowings (Rupiah)
Lembaga non-keuangan Non-financial institutions
Pinjaman (Rupiah) Borrowings (Rupiah)
PT United Tractors Tbk 171.543 311.544 PT United Tractors Tbk
PT Gaya Makmur Tractors 41 15.278 PT Gaya Makmur Tractors
Jumlah pinjaman (Rupiah) 171.584 326.822 Total borrowings (Rupiah)
Jumlah pinjaman 10.398.197 10.858.359 Total borrowings
Dikurangi: Less:
Biaya transaksi yang belum
diamortisasi (28.135) (35.788) Unamortized transaction costs
Pinjaman – neto 10.370.062 10.822.571 Borrowings – net
Kisaran suku bunga kontraktual setahun untuk pinjaman dari The range of contractual interest rates per annum on the
bank di atas adalah sebagai berikut: above bank loans are as follows:
31 Desember/December
2025 2024
Rupiah 4,90 – 7,30 5,00 – 7,30 Rupiah
Dolar AS 4,38 - 5,38 5,11 - 6,59 US Dollar
382 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 383
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/61 Exhibit E/61
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PINJAMAN YANG DITERIMA (Lanjutan) 13. FUND BORROWINGS (Continued)
Rincian dari fasilitas pinjaman yang diterima adalah sebagai The detail of borrowings facilities are as follows:
berikut:
Nama Lembaga Keuangan dan Perjanjian Jatuh tempo Saldo pinjaman/
Lembaga Non-Keuangan/ terakhir/ fasilitas/ Outstanding loan
Financial Institutions and Latest Facility Batas fasilitas/ 31 Desember/December
Non-Financial Institutions’ Name agreement due date** Facility limit 2025 2024
`
Dolar AS/US Dollar
Pinjaman Sindikasi
(Agen : Standard Chartered Bank
(Hong Kong) Ltd.) 30-Aug-2021 14-Mar-2025 USD 80.000.000* - 64.648
(Agen : Standard Chartered Bank
(Hong Kong) Ltd.) 2-May-2023 26-Apr-2027 USD 150.000.000* 1.006.920 1.939.440
USD 230.000.000* 1.006.920 2.004.088
PT Bank Permata Tbk*** 18-Apr-2023 27-Aug-2027 USD 23.100.000* 203.761 320.681
29-Oct-2025 26-Nov-2028 USD 15.085.000* 253.157 -
38.185.000* 456.918 320.681
PT Bank Danamon Indonesia Tbk^^ 26-Jul-2024 23-Oct-2027 USD 37.187.615* 436.980 97.597
PT Bank CIMB Niaga Tbk^ 25-May-2023 28-Mar-2027 USD 10.000.000* 69.925 121.215
25-May-2023 21-May-2027 USD 11.000.000* 87.173 143.213
19-Aug-2025 29-Dec-2027 USD 6.000.000* 100.692 -
19-Aug-2025 25-Aug-2028 USD 6.200.000* 92.487 -
USD 33.200.000* 350.277 264.428
PT Bank DBS Indonesia 11-Jun-2024 27-Aug-2027 USD 12.400.000* 182.085 -
PT Bank CTBC Indonesia 20-Feb-2023 20-Feb-2026 USD 18.000.000* 16.782 113.134
Jumlah Dolar AS/Total US Dollar USD 368.972.615* 2.449.962 2.799.928
Rupiah
PT Bank Mandiri (Persero) Tbk 31-Mar-2021 14-Jul-2025 200.000 - 29.188
8-Dec-2021 8-Mar-2026 250.000 16.820 84.263
29-Mar-2022 26-Apr-2026 750.000 16.325 142.074
28-Feb-2023 27-Mar-2025 750.000 - 39.897
2-Apr-2024 22-May-2026 750.000 149.610 527.529
24-Jun-2024 27-Mar-2027 750.000 535.905 906.506
30-Oct-2024 26-Sep-2026 250.000 125.000 -
23-May-2025 27-Nov-2027 750.000 602.109 -
11-Dec-2025 23-Dec-2027 750.000 300.000 -
5.200.000 1.745.769 1.729.457
PT Bank Central Asia Tbk 14-Dec-2020 18-Feb-2025 1.000.000 - 18.056
26-Jan-2022 22-Dec-2025 1.200.000 - 97.222
29-Dec-2022 23-Sep-2028 1.700.000 929.167 1.122.222
22-Apr-2025 24-Dec-2028 2.000.000 556.944 -
24-Jan-2025 24-Apr-2026 800.000 - -
6.700.000 1.486.111 1.237.500
PT Bank Pan Indonesia Tbk 30-Apr-2021 24-Jan-2025 1.000.000 - 4.559
24-Aug-2022 12-Dec-2025 1.000.000 - 200.000
13-Mar-2023 27-Aug-2027 1.000.000 391.667 758.333
24-Mar-2025 24-Nov-2028 1.000.000 808.333 -
4.000.000 1.200.000 962.892
PT Bank UOB Indonesia 19-Mar-2025 31-Mar-2026 700.000 500.000 500.000
PT Bank Pembangunan Daerah
Jawa Barat dan Banten Tbk 20-Dec-2023 22-Apr-2027 390.000 156.667 286.667
3-Sep-2024 10-Feb-2028 390.000 277.500 -
780.000 434.167 286.667
Saldo pindahan/ Balance carry
forward 17.380.000 5.366.047 4.716.516
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 383
Page 384
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/62 Exhibit E/62
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PINJAMAN YANG DITERIMA (Lanjutan) 13. FUND BORROWINGS (Continued)
Rincian dari fasilitas pinjaman yang diterima adalah sebagai The detail of borrowings facilities are as follows:
berikut: (Lanjutan) (Continued)
Nama Lembaga Keuangan dan Perjanjian Jatuh tempo Saldo pinjaman/
Lembaga Non-Keuangan/ terakhir/ fasilitas/ Outstanding loan
Financial Institutions and Latest Facility Batas fasilitas/ 31 Desember/December
Non-Financial Institutions’ Name agreement due date** Facility limit 2025 2024
Rupiah
`
Saldo dipindahkan/ Balance brought
forward 17.380.000 5.366.047 4.716.516
PT Bank China Construction Bank
Indonesia Tbk 9-Jun-2022 7-Jul-2025 250.000 - 46.424
14-May-2024 6-Jun-2027 300.000 152.060 248.943
25-Mar-2025 26-Mar-2028 200.000 153.747 -
25-Mar-2025 11-Apr-2028 100.000 79.502 -
850.000 385.309 295.367
PT Bank KEB Hana Indonesia 13-Dec-2022 3-Feb-2026 300.000 11.111 111.111
11-Feb-2024 3-Jan-2025 100.000 - 100.000
15-Feb-2024 25-Mar-2027 300.000 122.222 222.222
28-Feb-2025 25-Jun-2028 300.000 250.000 -
1.000.000 383.333 433.333
PT Bank HSBC Indonesia 8-Jan-2025 17-Mar-2028 500.000 369.445 -
PT Bank Digital BCA 19-Nov-2024 27-Dec-2027 480.000 314.444 474.444
MUFG Bank, Ltd, Cabang Jakarta 5-Aug-2024 7-Sep-2027 400.000 225.313 354.063
PT Bank Mizuho Indonesia 25-Nov-2025 25-Nov-2026 150.000 150.000 150.000
PT Bank Shinhan Indonesia 28-Apr-2022 19-May-2025 200.000 - 33.333
14-Feb-2025 24-Feb-2028 200.000 150.000 -
400.000 150.000 33.333
PT Bank Victoria International Tbk 16-Jul-2025 9-Jun-2026 250.000 150.000 -
PT Bank Maspion Indonesia Tbk 7-Jun-2023 19-Apr-2027 300.000 125.000 225.000
PT Bank Jago Tbk 22-Sep-2022 29-Oct-2028 200.000 102.643 169.094
Pinjaman Sindikasi
(Agen : PT Bank DKI) 23-Sep-2022 29-Mar-2026 1.600.000 55.117 542.744
PT Bank OCBC NISP Tbk 8-Mar-2025 8-Mar-2026 300.000 - 150.000
PT Bank CIMB Niaga Tbk 17-Mar-2022 14-Mar-2025 300.000 - 23.025
25-May-2023 28-Dec-2025 500.000 - 75.000
2-Jun-2025 2-Jun-2029 500.000 - -
1.300.000 - 98.025
PT Bank DKI 16-Jun-2022 29-Jun-2025 500.000 - 89.690
PT Multifinance Anak Bangsa 4-Jul-2025 31-Dec-2030 150.000 - -
PT Bank Negara Indonesia
(Persero) Tbk 21-Aug-2025 21-Aug-2029 2.000.000 - -
PT United Tractors Tbk 26-Jun-2023 30-Dec-2028 1.250.000 171.543 311.544
PT Gaya Makmur Tractors 6-Jan-2022 25-Jan-2026 67.106 41 15.278
Jumlah Rupiah/Total Rupiah 29.077.106 7.948.235 8.058.431
Jumlah pinjaman/Total borrowings 10.398.197 10.858.359
*) Nilai penuh *) Full amount
**) Tanggal angsuran terakhir dari pinjaman yang diterima **) The date of the last installment of the loan received
***) Merupakan bagian penarikan pinjaman dalam Dolar AS dari ***) Represent part of the loan drawdown in US Dollar from the
fasilitas kredit PT Bank Permata Tbk (dalam Rupiah/ Dolar AS) credit facility PT Bank Permata Tbk (in Rupiah/US Dollar)
^) Merupakan bagian penarikan pinjaman dalam Dolar AS dari fasilitas ^) Represent part of the loan drawdown in US Dollar from the Special
Pinjaman Transaksi Khusus 2 (dalam Rupiah/ Dolar AS) Transaction Loan 2 facility (in Rupiah/ US Dollar)
^^) Merupakan bagian penarikan pinjaman dalam Dolar AS dari fasilitas ^^) Represent part of the loan drawdown in US Dollar from the
kredit PT Bank Danamon Indonesia Tbk (dalam Rupiah/ Dolar AS) credit facility PT Bank Danamon Indonesia Tbk (in Rupiah/US Dollar)
384 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 385
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/63 Exhibit E/63
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PINJAMAN YANG DITERIMA (Lanjutan) 13. FUND BORROWINGS (Continued)
Rincian dari fasilitas pinjaman yang diterima adalah sebagai The detail of loan facilities are as follows: (Continued)
berikut: (Lanjutan)
Pada tanggal 24 Juni 2021, Perusahaan menandatangani On 24 June 2021, the Company entered into a Term Loan
Perjanjian Kredit Angsuran Berjangka sebesar Rp 600.000 Credit Agreement amounting to Rp 600,000 with PT Bank
dengan PT Bank Jago Tbk. Selanjutnya pada tanggal Jago Tbk. Subsequently, on 10 September 2025, the
10 September 2025, Perusahaan menandatangani perubahan Company entered into an Amendment to this Credit
Perjanjian Kredit Angsuran Berjangka ini sehubungan dengan Agreement in relation to the adjustment of the limit to
adanya perubahan limit menjadi sebesar Rp 125.000 dan Rp 125,000, and Rp 75,000 was allocated to a sharia-based
sebesar Rp 75.000 dialihkan ke pinjaman berbasis syariah. financing facility.
Pada tanggal 6 Januari 2022, Perusahaan menandatangani On 6 January 2022, the Company entered into a Credit
Perjanjian Kredit sebesar Rp 50.000 dengan PT Gaya Makmur Agreement amounting to Rp 50,000 with PT Gaya Makmur
Tractors. Selanjutnya pada tanggal 14 Oktober 2022, Tractors. Subsequently on 14 October 2022, the Company
Perusahaan menandatangani Perubahan atas Perjanjian entered into an addendum to this Credit Agreement in
Kredit ini sehubungan dengan adanya perubahan limit relation to the adjustment of the limit to Rp 67,106.
menjadi sebesar Rp 67.106.
Pada tanggal 28 September 2022, Perusahaan On 28 September 2022, the Company entered into a Working
menandatangani Perjanjian Kredit Modal Kerja sebesar Capital Credit Agreement amounting to Rp 400,000 with
Rp 400.000 dengan PT Bank UOB Indonesia. Selanjutnya pada PT Bank UOB Indonesia. Subsequently on 4 October 2024, the
tanggal 4 Oktober 2024, Perusahaan menandatangani Company entered into an addendum to this Credit
Perubahan atas Perjanjian Kredit ini sehubungan dengan Agreement in relation to the adjustment of the limit to
adanya perubahan limit menjadi sebesar Rp 700.000. Rp 700,000.
Pada tanggal 4 Juli 2025, Perusahaan menandatangani On 4 July 2025, the Company entered into a Factoring
Perjanjian Factoring dengan PT Multifinance Anak Bangsa Agreement with PT Multifinance Anak Bangsa amounting to
sebesar Rp 150.000. Rp 150,000.
Pada tanggal 21 Agustus 2025, Perusahaan menandatangani On 21 August 2025, the Company entered into a Credit
Perjanjian Kredit dengan PT Bank Negara Indonesia (Persero) Agreement with PT Bank Negara Indonesia (Persero) Tbk
Tbk sebesar Rp 2.000.000. amounting to Rp 2,000,000.
Pada Tanggal 29 Oktober 2025, Perusahaan menandatangani On 29 October 2025, the Company entered into a Credit
Perjanjian Kredit dengan PT Bank Permata Tbk sebesar Agreement with PT Bank Permata Tbk amounting to
Rp 500.000. Rp 500,000.
Pada tanggal 11 Desember 2025, Perusahaan menandatangani On 11 December 2025, the Company entered into a Credit
Perjanjian Kredit dengan PT Bank Mandiri (Persero) Tbk Agreement with PT Bank Mandiri (Persero) Tbk amounting
sebesar Rp 750.000. to Rp 750,000.
Seluruh perjanjian di atas mencakup adanya pembatasan- All loan agreements include certain covenants which are
pembatasan tertentu yang umumnya diharuskan untuk normally required for such credit facilities, such as
fasilitas-fasilitas kredit tersebut, antara lain, pembatasan limitations to initiate merger or consolidation with other
untuk melakukan penggabungan usaha atau konsolidasi parties, obtain loans from other parties except loans
dengan pihak lain, mengadakan perjanjian pinjaman obtained in the normal course of business, or changes in its
dengan pihak lain selain yang timbul dalam kegiatan capital structure and/or articles of association without
usaha yang normal atau melakukan perubahan atas struktur notification to/prior written approval from creditors and
modal dan/atau anggaran dasar tanpa adanya maintenance of certain agreed financial ratios.
pemberitahuan/persetujuan tertulis dari kreditur dan
mempertahankan rasio-rasio keuangan tertentu.
Pembayaran bunga dan pokok pinjaman telah dibayarkan Interest and principal loan payments have been paid by
oleh Perusahaan sesuai dengan jadwal. Pembayaran pokok the Company on schedule. Payment of principal borrowings
pinjaman untuk tahun yang berakhir 31 Desember 2025 dan for the year ended 31 December 2025 and 2024 amounting
2024 adalah masing-masing sebesar Rp 9.488.311 dan to Rp 9,488,311 and Rp 8,160,516, respectively.
Rp 8.160.516.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 385
Page 386
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/64 Exhibit E/64
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PINJAMAN YANG DITERIMA (Lanjutan) 13. FUND BORROWINGS (Continued)
Atas pinjaman-pinjaman yang diterima Perusahaan, For loans received by the Company, generally creditors
umumnya para kreditur mensyaratkan adanya pembatasan- require certain restrictions and obligations that must be
pembatasan dan kewajiban tertentu yang harus dipenuhi fulfilled by the Company, which generally include:
oleh Perusahaan, yang pada umumnya meliputi:
Menjaga rasio jumlah pencadangan kerugian penurunan Maintain the ratio of the amount of provision for
sesuai dengan standar akuntansi yang berlaku, impairment losses in accordance with applicable
accounting standards,
Menyerahkan laporan keuangan tahunan yang telah Submit audited annual financial statements to the Bank
diaudit kepada Bank selambat-lambatnya 4 (empat) bulan no later than 4 (four) months from the end of the
sejak berakhirnya tahun buku yang bersangkutan dan relevant financial year and quarterly financial
laporan keuangan kuartalan paling lambat 60 hari sejak statements no later than 60 days from the end of each
berakhirnya tiap kuartal, quarter,
Menjaga rasio jaminan atas pinjaman pada saat ini Maintain a ratio for loans at a maximum of 70% of
maksimal 70% dari outstanding pinjaman, outstanding loans,
Menjaga gearing ratio (rasio antara pinjaman dengan Maintain the gearing ratio (ratio of loans with own
modal sendiri) tidak lebih besar dari 5 (lima) kali sampai capital) not greater than 5 (five) times to 10 (ten) times,
dengan 10 (sepuluh) kali,
Menjaga Non-Performing Loan (NPL) Ratio tidak melebihi Maintaining the Non-Performing Loan (NPL) Ratio not
5% dari total piutang pembiayaan, exceeding 5% of the total financing receivables,
Dampak mata uang yang tidak dilindungi secara The impact of an unprotected currency as a whole is a
keseluruhan maksimum 25% dari jumlah ekuitas secara maximum of 25% of the total equity,
keseluruhan,
Ekuitas diharuskan lebih besar dari Rp 1.000.000 atau Equity is required to be greater than Rp 1,000,000 or
melakukan pemberitahuan secara tertulis kepada Bank, notify the Bank in writing, one of which is if there is a
salah satunya apabila terdapat perubahan komposisi change in the composition of the majority shareholders,
pemegang saham mayoritas, perubahan susunan anggota a change in the composition of commissioners and
komisaris dan direksi, perubahan bidang atau jenis directors, a change in the field or type of business
kegiatan usaha Perusahaan, serta apabila Perusahaan activities of the Company, and if the Company dissolves,
melakukan pembubaran, penggabungan usaha dan atau merges and/or merges with other companies
peleburan dengan Perusahaan lain.
Kepatuhan atas Syarat Pinjaman Compliance with Loan Covenants
Pada tanggal 31 Desember 2025 dan 2024, Perusahaan telah As of 31 December 2025 and 2024, the Company has
memenuhi seluruh persyaratan yang disebutkan dalam complied with all the requirements mentioned in the loan
perjanjian fasilitas-fasilitas pinjaman dengan kreditur. facility agreements with creditors.
14. PERPAJAKAN 14. TAXATION
a. Utang pajak a. Taxes payable
31 Desember/December
2025 2024
Pajak Penghasilan: Income Taxes:
Pasal 21 25.830 24.340 Article 21
Pasal 23 795 957 Article 23
Pasal 25 30.900 32.481 Article 25
Pasal 26 531 1.109 Article 26
Pasal 4(2) – Final 330 202 Article 4(2) – Final
Pajak Pertambahan Nilai (PPN) 2.844 2.904 Value Added Tax (VAT)
Pasal 29 tahun 2024 - 111.298 Article 29 of fiscal year 2024
Taksiran Pajak Penghasilan Badan Estimated Current Income Tax
(Pasal 29) tahun 2025 122.628 - (Article 29) of fiscal year 2025
Jumlah 183.858 173.291 Total
386 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 387
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/65 Exhibit E/65
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. PERPAJAKAN (Lanjutan) 14. TAXATION (Continued)
b. Beban pajak penghasilan b. Income tax expenses
31 Desember/December
2025 2024
Pajak kini Current tax
Perusahaan 393.489 366.601 The Company
Tangguhan Deferred
Perusahaan (16.728) (3.315) The Company
Entitas anak 7.239 (3.933) Subsidiary
Penyesuaian tahun lalu - Perusahaan 7.591 2.587 Prior years adjustment – The Company
Jumlah 391.591 361.940 Total
Rekonsiliasi antara laba sebelum pajak, sebagaimana yang A reconciliation between profit before tax, as presented
disajikan dalam laporan laba rugi dan penghasilan in the consolidated statement of profit or loss and other
komprehensif lain konsolidasian, dengan taksiran laba comprehensive income, and estimated taxable profit for
kena pajak untuk tahun yang berakhir pada tanggal the year ended 31 December 2025 and 2024 are as
31 Desember 2025 dan 2024 adalah sebagai berikut: follows:
31 Desember/December
2025 2024
Laba sebelum pajak menurut Profit before tax per
laporan laba rugi dan consolidated statements of
penghasilan komprehensif profit or loss and other
lain konsolidasian 1.973.081 1.926.614 comprehensive income
Dikurangi: Deduct:
Eliminasi konsolidasian (44.550) - Consolidation elimination
Rugi entitas anak sebelum
pajak penghasilan 27.827 17.614 Loss before tax of subsidiary
Laba sebelum pajak - Perusahaan 1.956.358 1.944.228 Profit before tax - the Company
Beda temporer: Temporary differences:
Gaji dan imbalan pasca- kerja 5.462 21.135 Salaries and post-employment benefits
Cadangan kerugian penurunan Allowance for impairment losses
nilai piutang pembiayaan of financing receivables and
dan piutang lain-lain 1.322.686 1.113.244 other receivables
Penghapusan piutang (1.225.405) (1.027.345) Receivables written-off
Penyusutan aset tetap 17.821 (24.513) Depreciation of fixed assets
Keuntungan neto atas
penjualan aset tetap (1.529) (4.675) Net gain on sale of fixed assets
Amortisasi biaya emisi surat Amortization of securities
berharga yang diterbitkan 1.582 2.102 issuance cost
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
pinjaman yang diterima 7.653 (141) on fund borrowings
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
piutang pembiayaan (40.223) (62.360) on financing receivables
Jumlah beda temporer 88.047 17.447 Total temporary differences
Beda tetap: Permanent differences:
Pendapatan keuangan yang Finance income subjected
pajaknya bersifat final (43.894) (54.371) to final tax
Beban lain-lain 70.485 22.176 Other expenses
Jumlah beda tetap 26.591 (32.195) Total permanent differences
Taksiran laba kena pajak 2.070.996 1.929.480 Estimated taxable profit
Tarif pajak 19% 19% Tax rate
Taksiran beban pajak kini 393.489 366.601 Estimated current tax expense
Dikurangi: pajak dibayar dimuka (270.861) (255.303) Less: prepaid taxes
Taksiran utang pajak kini - Estimated current tax payable –
Perusahaan 122.628 111.298 The Company
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 387
Page 388
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/66 Exhibit E/66
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. PERPAJAKAN (Lanjutan) 14. TAXATION (Continued)
b. Beban pajak penghasilan (Lanjutan) b. Income tax expenses (Continued)
Perhitungan pajak penghasilan badan untuk tahun yang The corporate income tax calculation for the year ended
berakhir pada tanggal 31 Desember 2025 adalah suatu 31 December 2025 is a preliminary estimate made for
perhitungan sementara yang dibuat untuk tujuan accounting purposes and is subject to revision when the
akuntansi dan dapat berubah pada saat Perusahaan Company lodges its Annual Corporate Income Tax
menyampaikan Surat Pemberitahuan (SPT) Tahunan PPh Return.
Badan.
Perhitungan pajak penghasilan badan untuk tahun yang The corporate income tax calculation for the year ended
berakhir pada tanggal 31 Desember 2024 telah sesuai 31 December 2024 has comform with its Annual
dengan Surat Pemberitahuan (SPT) Tahunan PPh Badan Corporate Income Tax Return (“CIT”) filed by the
Perusahaan. Company.
Rekonsiliasi antara beban pajak penghasilan dihitung A reconciliation between the income tax expense
dengan menggunakan tarif pajak yang berlaku atas laba calculated by applying the applicable tax rates to
kena pajak, dengan beban pajak penghasilan taxable profit, and the income tax expenses as
sebagaimana disajikan dalam laporan laba rugi dan presented in the statement of profit or loss and other
penghasilan komprehensif lain untuk tahun yang berakhir comprehensive income for the year ended 31 December
pada tanggal 31 Desember 2025 dan 2024 adalah sebagai 2025 and 2024 are as follows:
berikut:
31 Desember/December
2025 2024
Laba sebelum pajak menurut Profit before tax per
laporan laba rugi dan consolidated statements
penghasilan komprehensif of profit or loss and other
lain konsolidasian 1.973.081 1.926.614 comprehensive income
Dikurangi: Deduct:
Eliminasi konsolidasian (44.550 ) - Consolidation elimination
Rugi entitas anak sebelum pajak 27.827 17.614 Loss before tax of subsidiary
Laba sebelum pajak - Perusahaan 1.956.358 1.944.228 Profit before tax - the Company
Beban pajak dengan tarif pajak Tax expense at the applicable
tunggal yang berlaku 371.708 369.403 single tax rate
Pengaruh pajak penghasilan atas: Tax effects on:
Beda tetap pada tarif pajak Permanent differences at the
tunggal yang berlaku 5.053 (6.117) applicable single tax rate
Penyesuaian tahun lalu 7.591 2.587 Prior years adjustment
Jumlah 384.352 365.873 Total
388 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 389
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/67 Exhibit E/67
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. PERPAJAKAN (Lanjutan) 14. TAXATION (Continued)
c. Pajak tangguhan c. Deferred tax
Pengaruh pajak tangguhan atas beda temporer yang The deferred tax effects of the significant temporary
signifikan antara laporan komersial dan fiskal terdiri differences between commercial and fiscal reporting are
dari: as follows:
Dikreditkan
ke ekuitas dari
penghasilan
komprehensif
Dibebankan lain/
ke laporan Credited to
laba rugi/ equity from
31 Desember/ Charged to other 31 Desember/
December statement of comprehensive December
2024 profit or loss income 2025
Aset pajak tangguhan Deferred tax assets
Cadangan kerugian Allowance for
penurunan nilai piutang 104.494 18.483 - 122.977 impairment losses on receivables
Imbalan pasca-kerja 28.472 4.688 (617) 32.543 Post-employment benefits
Beban akrual 37.708 (3.564) - 34.144 Accrued expenses
Penyusutan aset tetap Depreciation of fixed assets and
dan amortisasi aset tak berwujud (24.747) 3.095 - (21.652) amortization of intangible assets
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
piutang pembiayaan (8.184) (7.642) - (15.826) on financing receivables
Biaya emisi surat berharga
yang diterbitkan yang Unamortized securities
belum diamortisasi (1.354) 301 - (1.053) issued cost
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
pinjaman yang diterima (6.799) 1.454 - (5.345) on fund borrowings
Penghasilan komprehensif lain 15.343 - (8.370) 6.973 Other comprehensive income
Rugi fiskal 7.326 (7.326) - - Fiscal loss
Aset pajak tangguhan – neto 152.259 9.489 (8.987) 152.761 Deferred tax assets – net
Dibebankan
ke ekuitas dari
penghasilan
komprehensif
Dibebankan lain/
ke laporan Charged to
laba rugi/ equity from
31 Desember/ Charged to other 31 Desember/
December statement of comprehensive December
2023 profit or loss income 2024
Aset pajak tangguhan Deferred tax assets
Cadangan kerugian Allowance for
penurunan nilai piutang 88.173 16.321 - 104.494 impairment losses on receivables
Imbalan pasca-kerja 27.108 3.818 (2.454) 28.472 Post-employment benefits
Beban akrual 37.400 308 - 37.708 Accrued expenses
Penyusutan aset tetap Depreciation of fixed assets and
dan amortisasi aset tak berwujud (19.201) (5.546) - (24.747) amortization of intangible assets
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
piutang pembiayaan 3.664 (11.848) - (8.184) on financing receivables
Biaya emisi surat berharga
yang diterbitkan yang Unamortized securities
belum diamortisasi (1.753) 399 - (1.354) issued cost
Biaya transaksi yang belum
diamortisasi atas Unamortized transaction cost
pinjaman yang diterima (6.772) (27) - (6.799) on fund borrowings
Penghasilan komprehensif lain (158) - 15.501 15.343 Other comprehensive income
Rugi fiskal 3.502 3.824 - 7.326 Fiscal loss
Aset pajak tangguhan – neto 131.963 7.249 13.047 152.259 Deferred tax assets – net
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 389
Page 390
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/68 Exhibit E/68
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. PERPAJAKAN (Lanjutan) 14. TAXATION (Continued)
c. Pajak tangguhan (Lanjutan) c. Deferred tax (Continued)
Manajemen berkeyakinan bahwa laba fiskal pada masa The management believes that future taxable profit
datang akan dimanfaatkan untuk mengkompensasikan will be sufficient to be compensated against the
perbedaan temporer yang dapat dikurangkan tanpa deductible of temporary differences indefinitely.
terdapat batasan.
d. Administrasi d. Administration
Berdasarkan Undang-Undang Perpajakan yang berlaku di Based on the Taxation Laws in Indonesia, the Company
Indonesia, Perusahaan menghitung, menetapkan dan submits tax returns on the basis of self assessment. The
membayar sendiri besarnya jumlah pajak yang terutang. Director General of Tax (DGT) may assess or amend
Direktur Jenderal Pajak ("DJP") dapat menetapkan atau taxes within 5 (five) years of the time the tax becomes
mengubah kewajiban pajak dalam batas waktu 5 (lima) due. Amendments to tax obligations of the Company are
tahun sejak saat terutangnya pajak. Koreksi terhadap recorded when an assessment is received or, if appealed
kewajiban pajak Perusahaan diakui pada saat Surat against, when the result of the appeal is determined.
Ketetapan Pajak diterima atau jika Perusahaan
mengajukan keberatan, pada saat keputusan atas
keberatan Perusahaan tersebut telah ditetapkan.
Pada tanggal 20 Desember 2022, Peraturan Pemerintah On 20 December 2022, Government Regulation No. 30
No. 30 Tahun 2020 (“PP No. 30/2020”) tentang Year 2020 ("PP No. 30/2020") on “Income Tax Rate
“Penurunan Tarif Pajak Penghasilan Bagi Wajib Pajak Reduction Corporate Taxpayers in the Form of Publicly-
Badan Dalam Negeri yang Berbentuk Perseroan Terbuka”, listed Companies", revoked and declared invalid,
dicabut dan dinyatakan tidak berlaku, digantikan dengan replaced by Government Regulation No. 55 Year 2022
Peraturan Pemerintah No.55 Tahun 2022 (“PP ("PP No. 55/2022") on “Adjustment to Regulation in the
No.55/2022”) tentang Penyesuaian Pengaturan di Bidang Income Tax Sector".
Pajak Penghasilan”.
PP No. 55/2022 ini mengatur perseroan terbuka dalam PP No. 55/2022 regulates publicly-listed companies in
negeri di Indonesia dapat memperoleh penurunan tarif Indonesia can obtain the reduced income tax rate of
pajak penghasilan sebesar 3% lebih rendah dari tarif pajak 3% lower than the income tax rate corporate taxpayer
penghasilan Wajib Pajak badan dalam negeri, dengan in the country, provided they meet the prescribed
memenuhi kriteria yang ditentukan, yaitu paling sedikit criteria, ie at least 40% of the total paid-up shares
40% dari jumlah keseluruhan saham yang disetor dicatat recorded to be traded on the stock exchanges in
untuk diperdagangkan di bursa efek di Indonesia; saham Indonesia; the shares must be held by at least 300
tersebut harus dimiliki oleh paling sedikit Parties; each Party may only have a share of less than
300 Pihak; masing-masing Pihak hanya boleh memiliki 5% of the total shares issued and fully paid; and must
saham kurang dari 5% dari keseluruhan saham yang be met in a short time at least 183 calendar days within
ditempatkan dan disetor penuh; dan harus dipenuhi a fiscal year.
dalam waktu paling singkat 183 hari kalender dalam
jangka waktu satu tahun pajak.
Pada tanggal 29 Oktober 2021, Pemerintah menerbitkan On 29 October 2021, the Government issue Law of the
Undang-Undang Republik Indonesia No. 7 Tahun 2021 Republic of Indonesia No. 7 Year 2021 concerning
tentang Harmonisasi Peraturan Perpajakan (“UU HPP”). Harmonisation of Taz Regulations (“UU HPP”). The
Aturan tersebut menetapkan tarif pajak penghasilan regulation has stipulated the income tax rate for
wajib pajak dalam negeri dan bentuk usaha tetap sebesar domestic taxpayer and business establishment of 22%
22% yang mulai berlaku pada Tahun Pajak 2022 dan which will be effective from the Fiscal Year 2022
seterusnya. Dengan demikian, penetapan tarif pajak onwards. Hence, the previously tax rate determination
sebelumnya sebesar 20% menjadi tidak berlaku setelah of 20% will be invalid after the ratification of this Law.
Undang-Undang ini disahkan.
Pada tanggal 31 Desember 2025 dan 2024, Perusahaan As of 31 December 2025 and 2024, the Company has met
telah memenuhi persyaratan di atas (sesuai “UU HPP” dan requirements (“UU HPP” and “PP No. 30/2020”) to
“PP No.30/2020”) untuk mendapatkan penurunan tarif obtain the reduced income tax rate of 3%, so that the
sebesar 3%, sehingga menggunakan tarif 19% untuk rate using of 19% for corporate income tax calculation.
perhitungan PPh Badan.
Sesuai dengan peraturan perpajakan di Indonesia, Under the taxation laws of Indonesia, the Company
Perusahaan melaporkan/menyetorkan pajak berdasarkan submits tax returns on the basis of self-assesment.
sistem self-assesment. Fiskus dapat menetapkan atau The tax authorities may assess or amend taxes within
mengubah pajak-pajak tersebut dalam jangka waktu the statute of limitations, under prevailing regulations.
tertentu sesuai dengan peraturan yang berlaku.
390 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 391
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/69 Exhibit E/69
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. SURAT BERHARGA YANG DITERBITKAN 15. SECURITIES ISSUED
31 Desember/December
2025 2024
Nilai nominal: Nominal value:
Obligasi Berkelanjutan V BFI Finance Obligasi Berkelanjutan V BFI Finance
Indonesia Tahap III Tahun 2023 256.000 483.000 Indonesia Tahap III Tahun 2023
Obligasi Berkelanjutan V BFI Finance Obligasi Berkelanjutan V BFI Finance
Indonesia Tahap IV Tahun 2023 625.000 1.010.000 Indonesia Tahap IV Tahun 2023
Obligasi Berkelanjutan V BFI Finance Obligasi Berkelanjutan V BFI Finance
Indonesia Tahap V Tahun 2023 850.000 850.000 Indonesia Tahap V Tahun 2023
Obligasi Berkelanjutan VI BFI Finance Obligasi Berkelanjutan VI BFI Finance
Indonesia Tahap I Tahun 2024 500.000 600.000 Indonesia Tahap I Tahun 2024
Obligasi Berkelanjutan VI BFI Finance Obligasi Berkelanjutan VI BFI Finance
Indonesia Tahap II Tahun 2025 1.000.000 - Indonesia Tahap II Tahun 2025
Jumlah nilai nominal 3.231.000 2.943.000 Total nominal value
Dikurangi: Less:
Biaya emisi Obligasi yang
belum diamortisasi (5.541) (7.123) Unamortized Bonds issuance cost
Jumlah – neto 3.225.459 2.935.877 Total - net
31 Desember/December
2025 2024
Utang Obligasi sesuai jatuh temponya: Bonds payable by maturity profile:
< 1 tahun 2.345.300 712.000 < 1 year
1-2 tahun 565.700 1.931.000 1-2 years
2-3 tahun 320.000 300.000 2-3 years
3.231.000 2.943.000
Amortisasi biaya emisi Obligasi yang Amortization of Bonds issuance costs
dibebankan ke laporan charged to the consolidated
laba rugi dan penghasilan statement of profit or loss
komprehensif lain and other comprehensive
konsolidasian (Catatan 26) 5.607 6.283 income (Note 26)
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap I Obligasi Berkelanjutan V BFI Finance Indonesia Tahap I
Tahun 2021 Tahun 2021
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A Rp 200.000 6,00% 8 Juni/June 2022 Lunas/Paid A+(idn)
Seri/Serial B Rp 400.000 7,75% 28 Mei/May 2024 Lunas/Paid AA-(idn)
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap II Obligasi Berkelanjutan V BFI Finance Indonesia Tahap II
Tahun 2021 Tahun 2021
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 210.000 5,25% 16 Agustus/August 2022 Lunas/Paid A+(idn)
Seri/Serial B 260.000 6,25% 6 Agustus/August 2023 Lunas/Paid AA-(idn)
Seri/Serial C 530.000 7,25% 6 Agustus/August 2024 Lunas/Paid AA-(idn)
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 391
Page 392
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/70 Exhibit E/70
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. SURAT BERHARGA YANG DITERBITKAN (Lanjutan) 15. SECURITIES ISSUED (Continued)
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap III Obligasi Berkelanjutan V BFI Finance Indonesia Tahap III
Tahun 2023 Tahun 2023
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 617.000 6,25% 7 Februari/ Lunas/Paid AA-(idn)
February 2024
Seri/Serial B 227.000 7,00% 27 Januari/January 2025 Lunas/Paid AA-(idn)
Seri/Serial C 256.000 7,375% 27 Januari/January 2026 Belum jatuh tempo/Not yet due AA-(idn)
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap IV Obligasi Berkelanjutan V BFI Finance Indonesia Tahap IV
Tahun 2023 Tahun 2023
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 590.000 6,10% 24 April 2024 Lunas/Paid AA-(idn)
Seri/Serial B 385.000 7,00% 14 April 2025 Lunas/Paid AA-(idn)
Seri/Serial C 625.000 7,15% 14 April 2026 Belum jatuh tempo/Not yet due AA-(idn)
Obligasi Berkelanjutan V BFI Finance Indonesia Tahap V Obligasi Berkelanjutan V BFI Finance Indonesia Tahap V
Tahun 2023 Tahun 2023
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 250.000 6,00% 25 Juni/June 2024 Lunas/Paid AA-(idn)
Seri/Serial B 850.000 7,00% 15 Juni/June 2026 Belum jatuh tempo/Not yet due AA-(idn)
Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap I Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap I
Tahun 2024 Tahun 2024
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 100.000 6,60% 5 Oktober/October 2025 Lunas/Paid AA-(idn)
Seri/Serial B 200.000 6,80% 25 September 2026 Belum jatuh tempo/Not yet due AA-(idn)
Seri/Serial C 300.000 6,90% 25 September 2027 Belum jatuh tempo/Not yet due AA-(idn)
Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap II Obligasi Berkelanjutan VI BFI Finance Indonesia Tahap II
Tahun 2025 Tahun 2025
Obligasi/ Nilai nominal/ Tingkat bunga tetap/ Jatuh tempo/ Status pembayaran/ Peringkat/
Bonds Nominal value Fixed interest rate Due date Payment status Rating
Seri/Serial A 414.300 6,45% 27 Juni/June 2026 Belum jatuh tempo/Not yet due AA-(idn)
Seri/Serial B 265.700 6,80% 17 Juni/June 2027 Belum jatuh tempo/Not yet due AA-(idn)
Seri/Serial C 320.000 6,90% 17 Juni/June 2028 Belum jatuh tempo/Not yet due AA-(idn)
Sesuai dengan Perjanjian Perwaliamanatan Obligasi Pursuant to the Bonds Trustee agreement for Obligasi
Berkelanjutan V BFI Finance Indonesia, Perusahaan Berkelanjutan V BFI Finance Indonesia, the Company
memberikan jaminan fidusia berupa piutang pembiayaan provides collateral with fiduciary transfer of financing
dengan kategori lancar sebesar 50% untuk Obligasi receivables amounting to 50% for Obligasi Berkelanjutan V
Berkelanjutan V BFI Finance Indonesia, dari nilai pokok BFI Finance Indonesia, of the outstanding principal amount
Obligasi yang terutang (Catatan 5). of the Bonds (Note 5).
Sesuai dengan Perjanjian Perwaliamanatan Obligasi Pursuant to the Bonds Trustee Agreement for Obligasi
Berkelanjutan VI BFI Finance Indonesia, Obligasi yang Berkelanjutan VI BFI Finance Indonesia, the related Bonds
diterbitkan tidak dijamin dengan jaminan khusus berupa are not guaranteed by special collateral in the form of
benda atau pendapatan atau aset lain milik Perusahaan dalam objects or income or other assets belonging to the Company
bentuk apapun serta tidak dijamin oleh pihak manapun. in any form and are not guaranteed by any party.
392 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 393
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/71 Exhibit E/71
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. SURAT BERHARGA YANG DITERBITKAN (Lanjutan) 15. SECURITIES ISSUED (Continued)
Selain itu, selama pokok Obligasi belum dilunasi, Perusahaan Moreover, during the time that the Bonds principals are still
tidak diperkenankan antara lain, membagi dividen dalam hal outstanding, the Company is not allowed to, among others,
Perusahaan lalai dalam membayar jumlah terutang Obligasi, declare dividends in the event that the Company defaults in
melakukan penggabungan usaha kecuali dilakukan pada Bonds obligations, merge unless performed on the same
bidang usaha yang sama, dan menjual atau mengalihkan lebih business, and sells or hand over more than 50% of the
dari 50% aset Perusahaan, kecuali dalam rangka kegiatan Company’s assets, except for normal operation activity. The
usaha sehari-hari. Perusahaan telah memenuhi batasan- Company has complied with the covenants on the trustee
batasan yang diwajibkan dalam perjanjian tersebut. agreements.
Semua pembayaran pokok Obligasi dilakukan secara penuh All Bonds principal is paid in full as they fall due. All Bonds
pada saat jatuh tempo. Pembayaran bunga Obligasi dilakukan interest is paid on quarterly basis.
secara triwulan.
Pada tanggal 24 Februari 2025, Perusahaan telah menerima On 24 February 2025, the Company has received a letter
surat dari PT Fitch Ratings Indonesia (“Fitch”) from PT Fitch Ratings Indonesia (“Fitch”)
No. 21/DIR/RATLTR/II/2025 yang menyatakan bahwa Fitch No. 21/DIR/RATLTR/II/2025 affirming the national long
mengafirmasi peringkat nasional jangka panjang “AA-(idn)” term rating of the Company at “AA-(idn)” with stable
dengan outlook stabil. Peringkat Nasional 'AA' menunjukkan outlook. ‘AA’ National Ratings denote expectations of a very
ekspektasi tingkat risiko gagal bayar yang sangat rendah low level of default risk relative to other issuers or
dibandingkan dengan emiten atau obligasi lain di negara atau obligations in the same country or monetary union.
serikat moneter yang sama.
16. BEBAN AKRUAL 16. ACCRUED EXPENSES
31 Desember/December
2025 2024
Bonus dan tunjangan lainnya 180.888 200.960 Bonus and other allowances
Bunga 43.629 56.864 Interest
Jasa tenaga ahli 5.945 3.249 Professional fees
Lain-lain 45.845 40.503 Others
Jumlah 276.307 301.576 Total
17. LIABILITAS IMBALAN KERJA 17. EMPLOYEE BENEFIT LIABILITIES
Perusahaan memberikan imbalan pasca-kerja kepada The Company is required to provide post-employment
karyawannya pada saat pemutusan hubungan kerja atau pada benefits to its employees when their employment is
saat karyawan menyelesaikan masa kerjanya. Imbalan pasca- terminated or when they retire. These benefits are
kerja ini diberikan terutama berdasarkan masa kerja dan primarily based on years of service and the employees’
kompensasi karyawan pada saat pemutusan hubungan kerja compensation at termination or retirement.
atau selesainya masa kerja.
Perusahaan dan Entitas Anaknya menyelenggarakan program The Company and Its Subsidiary have defined contribution
pensiun untuk karyawan tetap yang sudah memenuhi kriteria pension program covering its qualified permanent
yang ditetapkan Perusahaan, dimana program pensiun ini employees who meets the Company’s criteria, where the
dikelola dan diadministrasikan oleh PT Asuransi Jiwa contribution pension program is defined and administered
Manulife Indonesia. by PT Asuransi Jiwa Manulife Indonesia.
Liabilitas imbalan kerja meliputi pensiun, uang pisah, uang Employee benefit liabilities include pensions, severance
penghargaan dan imbalan lainnya (Imbalan pasca-kerja pay, service pay and other benefits (Post-employment
(“IPK”) sesuai dengan Undang-Undang Cipta Kerja benefits (“PEB”) as stipulated under the Job Creation
No.11/2020, Peraturan Pemerintah No.35/2021 Law No.11/2020, Government Regulation No.35/2021
(“PP 35/2021”) dan Program Pensiun Iuran Pasti (PPIP)) (“GR 35/2021”) and Defined Contribution (DC) Plan)
dihitung oleh Steven & Mourits, aktuaris independen, dalam is calculated by Steven & Mourits, an independent actuary,
laporannya bertanggal 14 Januari 2026 dan 14 Januari 2025 in its report dated 14 January 2026 and 14 January 2025 for
masing-masing untuk tahun yang berakhir pada tanggal the year ended 31 December 2025 and 2024, respectively, by
31 Desember 2025 dan 2024, dengan menggunakan metode using the Projected Unit Credit method. Number of
Projected Unit Credit. Jumlah karyawan yang berhak employees entitled for the employee benefits for the year
memperoleh imbalan kerja tersebut untuk tahun yang ended 31 December 2025 and 2024 was 5,649 and 5,734
berakhir pada tanggal 31 Desember 2025 dan 2024 adalah employees, respectively.
5.649 dan 5.734 karyawan.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 393
Page 394
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/72 Exhibit E/72
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. LIABILITAS IMBALAN KERJA (Lanjutan) 17. EMPLOYEE BENEFIT LIABILITIES (Continued)
Rincian liabilitas atas imbalan kerja yang diakui di laporan The details of the liabilities for employment benefits
posisi keuangan konsolidasian adalah sebagai berikut: recognized in the consolidated statements of financial
position are as follows:
31 Desember/December
2025 2024
Nilai kini liabilitas imbalan pasti 242.989 225.141 Present value of defined benefit obligation
Nilai wajar aset program (71.526) (75.066) Fair value of plan asset
Imbalan kerja 171.463 150.075 Employee benefits
Mutasi nilai kini liabilitas imbalan pasti yang diakui pada Movements in the present value of defined benefit
laporan posisi keuangan konsolidasian sebagai berikut: obligation recognised in the consolidated statement of
financial position are as follows:
31 Desember/December
2025 2024
Nilai kini kewajiban imbalan Present value of defined benefit obligation
pasti pada awal tahun 225.141 217.639 at beginning of year
Biaya jasa kini 27.044 25.458 Current service cost
Biaya bunga 15.095 13.843 Interest cost
Pembayaran imbalan kerja Benefit payment from Company
(sesuai provisi yang dihitung) (7.298) (8.770) (based on computed provision)
Pembayaran imbalan aset program (14.746) (5.602) Benefit payment from plan assets
Penyesuaian liabilitas akibat Liability assumed due to recognition of
pengakuan masa kerja lalu 790 540 past services
Pengukuran kembali atas nilai kini Remeasurement of present value of
liabilitas imbalan pasti: defined benefit obligation:
Keuntungan atas Gain from changes in financial
perubahan asumsi ekonomis (3.654) (7.147) assumption
Kerugian (keuntungan) atas Loss (gain) from experience
penyesuaian pengalaman 617 (10.820) adjustments
Nilai kini kewajiban imbalan pasti Present value of defined benefit
pada akhir tahun 242.989 225.141 obligation at end of year
31 Desember/December
2025 2024
Nilai wajar aset program pada Fair value of plan assets at
awal tahun 75.066 74.684 beginning of year
Pendapatan bunga atas aset program 5.019 5.054 Interest income on plan assets
Iuran Perusahaan 6.000 6.000 Company contribution
Pembayaran imbalan dari aset program (14.746) (5.602) Benefit payment from plan assets
Imbal hasil aset program (tidak termasuk Return on plan assets (excluding
pendapatan bunga) 187 (5.070) interest income)
Nilai wajar aset program pada akhir tahun 71.526 75.066 Fair value of plan assets at end of year
31 Desember/December
2025 2024
Saldo awal 150.075 142.955 Beginning balance
Iuran Perusahaan yang dibayarkan (6.000) (6.000) Contribution plan of the Company
Pembayaran imbalan kerja (26.331) (41.627) Benefits paid by the Company
Beban yang diakui pada laba rugi 56.943 67.644 Expense recognized in profit loss
Pendapatan yang diakui pada Income recognized in other
penghasilan komprehensif lain (3.224) (12.897) comprehensive income
Liabilitas yang diakui di laporan Liability recognized in statement of
posisi keuangan 171.463 150.075 financial position
394 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 395
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/73 Exhibit E/73
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. LIABILITAS IMBALAN KERJA (Lanjutan) 17. EMPLOYEE BENEFIT LIABILITIES (Continued)
Jumlah yang diakui pada laporan laba rugi dan penghasilan The amounts recognised in the consolidated statement of
komprehensif lain konsolidasian adalah sebagai berikut: profit or loss and other comprehensive income are as
follows:
31 Desember/December
2025 2024
Biaya jasa kini 27.044 25.458 Current service cost
Biaya bunga 15.095 13.843 Interest cost
Pendapatan bunga atas aset program (5.019) (5.054) Interest income on plan assets
Pengakuan liabilitas atas pengakuan Liabilities assumed due to recognition of
masa kerja lalu 790 540 past services
Biaya terminasi oleh Perusahaan 19.033 32.857 Termination benefit by Company
Jumlah beban (Catatan 25) 56.943 67.644 Total expenses (Note 25)
Riwayat penyesuaian pengalaman adalah sebagai berikut: The history of experience adjustment are as follows:
31 Desember/December
2025 2024 2023 2022 2021
Nilai kini kewajiban Present value of defined
imbalan pasti (242.989) (225.141) (217.639) (180.474) (181.820) benefit obligation
Nilai wajar aset program 71.526 75.066 74.684 68.589 66.363 Fair value of plan assets
Defisit (171.463) (150.075) (142.955) (111.885) (115.457) Deficit
Penyesuaian pengalaman Experience adjustment on
liabilitas program (617) 10.820 (2.099) (6.588) 13.185 plan liabilities
Penyesuaian pengalaman Experience adjustment on
aset program 187 (5.070) (2.348) (5.966) (2.842) plan assets
Kategori utama aset program 31 Desember 2025 dan 2024 The main categories of plan assets as of and 31 December
sebagai persentase dari total aset program adalah pasar uang 2025 and 2024 as percentage of total plan assets was money
50%, pendapatan tetap 30% dan saham 20%. market 50%, fixed income 30% and shares 20%.
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat diskonto dan tingkat kenaikan gaji sebesar reasonably possible change in discount rates and salary
1% dengan variabel lain dianggap tetap, terhadap nilai kini increment rate of 1%, with all other variables held constant,
liabilitas imbalan pasca-kerja: of the present value of post-employment benefits
liabilities:
31 Desember/December 2025
Tingkat diskonto/ Tingkat kenaikan gaji/
Discount rate Salary increment rate
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak pada nilai kini Impact on present value of post-
liabilitas imbalan pasca-kerja 225.630 262.667 262.590 225.343 employment benefits liabilities
31 Desember/December 2024
Tingkat diskonto/ Tingkat kenaikan gaji/
Discount rate Salary increment rate
Kenaikan/ Penurunan/ Kenaikan/ Penurunan/
Increase Decrease Increase Decrease
Dampak pada nilai kini Impact on present value of post-
liabilitas imbalan pasca-kerja 209.395 243.001 242.989 209.052 employment benefits liabilities
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 395
Page 396
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/74 Exhibit E/74
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. LIABILITAS IMBALAN KERJA (Lanjutan) 17. EMPLOYEE BENEFIT LIABILITIES (Continued)
Analisa sensitivitas didasarkan pada perubahan atas satu The sensitivity analysis are based on a change in an
asumsi aktuarial dimana asumsi lainnya dianggap konstan. assumption while holding all other assumptions constant. In
Dalam prakteknya, hal ini jarang terjadi dan perubahan practice, this is unlikely to accur an changes in some of the
beberapa asumsi mungkin saling berkorelasi. Dalam assumptions may be correlated. When calculating the
perhitungan sensitivitas kewajiban imbalan pasti atas asumsi sensitivity of the defined benefit obligation to significant
aktuarial utama, metode yang sama (perhitungan nilai kini actuarial assumptions, the same method (present value of
kewajiban imbalan pasti dengan menggunakan metode the defined benefit obligation calculated with the
Projected Unit Credit di akhir periode) telah diterapkan Projected Unit Credit method at the end of the reporting
seperti dalam perhitungan kewajiban pensiun yang diakui period) has been applied as when calculating the pension
dalam laporan posisi keuangan. liability recognized within the statements of financial
position.
Asumsi-asumsi utama yang digunakan dalam perhitungan di Key assumptions used in the above calculation:
atas:
31 Desember/December
2025 2024
Asumsi ekonomi: Economic assumptions:
- Tingkat diskonto per tahun 6,50% - 6,55% 7,10% - 7,15% Annual discount rate -
- Kenaikan gaji per tahun 9% 10% Annual salary increase -
Asumsi demografi: Demographic assumptions:
- Tingkat kematian Tabel Mortalisasi Indonesia – 2019/ Mortality table of Mortality rate -
Indonesia – 2019
- Tingkat pengunduran diri 20% per tahun sebelum usia 25 dan terus menurun menjadi 0% Turnover rate -
pada usia 55 /
20% per annum before the age of 25 and linearly decreasing
to 0% per annum at age of 55
- Tingkat kecacatan per tahun 5% dari Tingkat Kematian/5% of Mortality Rates Disability rate per annum -
- Tingkat pensiun 100% di usia 56/100% at age 56 Retirement rate -
18. DIVIDEN TUNAI DAN SALDO LABA YANG TELAH 18. CASH DIVIDENDS AND APPROPRIATION OF RETAINED
DITENTUKAN PENGGUNAANNYA EARNINGS
Berdasarkan Berita Acara Rapat Direksi Perusahaan pada Based on the Minutes of Meeting of the Board of Directors
tanggal 28 November 2025, Perusahaan menyetujui on 28 November 2025, the Company approved interim cash
pembagian dividen tunai interim untuk tahun 2025 sebesar dividend for the financial year 2025 amounted to Rp 35 (full
Rp 35 (nilai penuh) per lembar saham atau setara dengan amount) per share amounting to Rp 519,729 to the
Rp 519.729 yang telah dibayarkan pada pemegang saham shareholders of the Company which has been distributed on
pada tanggal 18 Desember 2025. 18 December 2025.
Berdasarkan Berita Acara Rapat Umum Pemegang Saham Based on the decision of Shareholders’ Annual General
Tahunan PT BFI Finance Indonesia Tbk tanggal 8 Mei 2025, Meeting on 8 May 2025, the Company announced a cash
Perusahaan menetapkan pembagian dividen tunai dari laba dividend from net profit in 2024 amounting to Rp 60 (full
bersih tahun 2024 sebesar Rp 60 (nilai penuh) per lembar amount) per share. After taking into account the interim
saham. Setelah memperhitungkan dividen tunai interim cash dividend amounting to Rp 28 (full amount) per share
sebesar Rp 28 (nilai penuh) per lembar saham atau setara or equivalent to Rp 421,103 to the shareholders of the
Rp 421.103 yang telah dibayarkan kepada pemegang saham Company, which has been distributed on 19 December 2024
tanggal 19 Desember 2024 berdasarkan Berita Acara Rapat based on the Minutes of Meeting of the Board of
Direksi Perusahaan pada tanggal 29 November 2024, sisanya Directors on 29 November 2024, the remaining balance
sebesar Rp 32 (nilai penuh) per lembar saham atau setara amounting to Rp 32 (full amount) per share or equivalent
Rp 481.260 yang telah dibayarkan pada tanggal 11 Juni 2025. to Rp 481,260 has been distributed on 11 June 2025. The
Perusahaan juga menyetujui untuk menyisihkan sebesar Company agreed to set aside Rp 5,000 for the reserve.
Rp 5.000 sebagai cadangan.
396 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 397
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/75 Exhibit E/75
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. DIVIDEN TUNAI DAN SALDO LABA YANG TELAH 18. CASH DIVIDENDS AND APPROPRIATION OF RETAINED
DITENTUKAN PENGGUNAANNYA (Lanjutan) EARNINGS (Continued)
Berdasarkan Berita Acara Rapat Umum Pemegang Saham Based on the decision of Shareholders’ Annual General
Tahunan PT BFI Finance Indonesia Tbk pada tanggal Meeting on 22 May 2024, the Company announced a cash
22 Mei 2024, Perusahaan menetapkan pembagian dividen dividend from net profit in 2023 amounting to Rp 55 (full
tunai dari laba bersih tahun 2023 sebesar Rp 55 (nilai penuh) amount) per share. After taking into account the interim
per lembar saham. Setelah memperhitungkan dividen tunai cash dividend amounting to Rp 28 (full amount) per share
interim sebesar Rp 28 (nilai penuh) per lembar saham atau or equivalent to Rp 421,103 to the shareholders of the
setara dengan Rp 421.103 yang telah dibayarkan kepada Company, which has been distributed on 21 December 2023
pemegang saham pada tanggal 21 Desember 2023 based on the Minutes of Meeting of the Board of
berdasarkan Berita Acara Rapat Direksi Perusahaan pada Directors on 1 December 2023, the remaining balance
tanggal 1 Desember 2023, sisanya sebesar Rp 27 (nilai penuh) amounting to Rp 27 (full amount) per share or equivalent
per lembar saham atau setara dengan Rp 406.063 yang telah to Rp 406,063 has been distributed on 21 June 2024. The
dibayarkan pada tanggal 21 Juni 2024. Perusahaan juga Company agreed to set aside Rp 5,000 for the reserve.
menyetujui untuk menyisihkan sebesar Rp 5.000 sebagai
cadangan.
Hal ini telah sesuai dengan Undang-Undang No. 40/2007 This is in accordance with the Indonesian Limited Company
mengenai Perseroan Terbatas, yang mengharuskan Law No. 40/2007, which requires companies to set up a
perusahaan-perusahaan untuk membuat penyisihan cadangan statutory reserve until the reserve reach at least 20% of the
wajib sampai cadangan mencapai sekurang-kurangnya 20% issued and paid up share capital. There is no set period of
dari jumlah modal yang ditempatkan dan disetor penuh. time over which this amount should be provided.
Undang-Undang tersebut tidak mengatur jangka waktu untuk
penyisihan tersebut.
19. UTANG LAIN-LAIN – PIHAK KETIGA 19. OTHER PAYABLES – THIRD PARTIES
31 Desember/December
2025 2024
Deposit konsumen 291.946 272.962 Customer deposits
Utang kepada supplier 124.218 142.110 Payable to suppliers
Premi asuransi 45.539 59.674 Insurance premium
Lain-lain 127.774 78.046 Others
Jumlah 589.477 552.792 Total
20. MODAL SAHAM 20. SHARE CAPITAL
Susunan pemegang saham Perusahaan pada tanggal The composition of the shareholder of the Company based
31 Desember 2025 dan 2024 berdasarkan laporan daftar on the share register of PT Raya Saham Registra (RSR), the
pemegang saham dari PT Raya Saham Registra (RSR), Biro share registrar, as of 31 December 2025 and 2024 are as
Administrasi Efek, adalah sebagai berikut: follows:
31 Desember/December 2025
Jumlah
saham/ Nilai
Number of nominal/
Pemegang saham Shares Amount %* Shareholders
Trinugraha Capital & Co SCA 7.688.125.938 192.203 51,77 Trinugraha Capital & Co SCA
Lainnya (masing-masing di bawah 5%) 7.161.257.682 179.032 48,23 Others (each below 5%)
14.849.383.620 371.235 100,00
Saham treasuri 190.000.000 4.750 - Treasury stock
Jumlah 15.039.383.620 375.985 100,00 Total
31 Desember/December 2024
Jumlah
saham/ Nilai
Number of nominal/
Pemegang saham Shares Amount %* Shareholders
Trinugraha Capital & Co SCA 7.688.125.938 192.203 51,12 Trinugraha Capital & Co SCA
Lainnya (masing-masing di bawah 5%) 7.351.257.682 183.782 48,88 Others (each below 5%)
15.039.383.620 375.985 100,00
Saham treasuri 927.732.000 23.193 - Treasury stock
Jumlah 15.967.115.620 399.178 100,00 Total
*) % kepemilikan saham disajikan secara neto, diluar saham treasuri. *) % share ownership is presented on a net basis, excluded treasury stock.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 397
Page 398
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/76 Exhibit E/76
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. MODAL SAHAM (Lanjutan) 20. SHARE CAPITAL (Continued)
Jumlah saham yang dimiliki anggota Dewan komisaris dan The number of shares held by the member of the board
Direksi Perusahaan berdasarkan laporan daftar pemegang of commissioners and board of directors of the Company
saham dari PT Raya Saham Registra (RSR), biro administrasi based on the share register of PT Raya Saham Registra
efek, adalah sebanyak 397.743.680 saham dan 401.288.480 (RSR), the share registrar, was 397,743,680 shares and
saham, yang merupakan kepemilikan sebesar 2,64% dan 401,288,480 shares representing 2.64% and 2.51% of the
2,51% dari jumlah saham Perusahaan yang beredar masing- total outstanding shares of the Company as of
masing pada tanggal 31 Desember 2025 dan 2024 dengan 31 December 2025 and 2024, respectively with detail as
rincian sebagai berikut: follows:
Jumlah Saham/ Total Shares %
Nama Anggota/ 31 Desember/December 31 Desember/December
Name of Members Jabatan/Positions 2025 2024 2025 2024
Francis Lay Sioe Ho Presiden Komisaris/ 338.908.180 343.908.180 2,25 2,15
President Commissioner
Sutadi Presiden Direktur/ 19.817.000 18.817.000 0,13 0,12
President Director
Sudjono Direktur/Director 35.000.000 26.310.800 0,23 0,16
Andrew Adiwijanto Direktur/Director - 11.240.000 - 0,07
Goklas Direktur/Director 1.012.500 1.012.500 0,01 0,01
Tan Rudy Eddywidjaja Direktur/Director 1.006.000 - 0,01 -
Iwan Direktur/Director 2.000.000 - 0,01 -
Jumlah/ Total 397.743.680 401.288.480 2,64 2,51
Saham treasuri Treasury stock
Pada tanggal 29 Juni 2022, RUPSLB menyetujui pengalihan On 29 June 2022, the Extraordinary General Meetings of
sebagian saham melalui Program Kepemilikan Saham oleh Shareholders (EGMS) has approved to form and implement
Manajemen dan Karyawan (Management and Employee Stock Management and Employee Stock Ownership Program
Ownership Program atau disebut juga sebagai program (MESOP Program) by transferring a maximum of 75,000,000
MESOP), yang berasal dari saham treasuri milik Perusahaan of the Company’s treasury shares.
sebanyak-banyaknya 75.000.000 lembar saham.
RUPSLB juga telah menyetujui pengalihan sisa saham treasuri The EGMS has also approved the transfer of the remaining
sebanyak-banyaknya 927.732.000 lembar saham dengan cara 927,732,000 treasury shares by selling either on or outside
dijual baik di Bursa Efek maupun di luar Bursa Efek kepada the Stock Exchange to other parties, including to the main
pihak lain, baik kepada pemegang saham utama Perusahaan shareholders of the Company (Trinugraha Capital & Co.
(Trinugraha Capital & Co. SCA) maupun kepada pihak ketiga SCA) or other third parties.
lainnya.
Pada tanggal 11 Oktober 2022, Perusahaan melakukan On 11 October 2022, the Company entered into
transaksi pengalihan sebagian saham treasuri melalui a transaction to transfer part of its treasury shares through
program MESOP sejumlah 75.000.000 lembar saham pada the MESOP program in the amount of 75,000,000 shares at
harga Rp 500 (nilai penuh) per lembar saham. Pengalihan a price of Rp 500 (full amount) per share. The transfer is
tersebut berlaku efektif pada tanggal 13 Oktober 2022 di effective on 13 October 2022 where the shares have
mana saham-saham telah berpindah tangan dan diblock changed hands and are blocked (non-tradeable) with
(tidak dapat diperdagangkan) dengan periode vesting vesting period for the MESOP program for 3 years from the
program MESOP selama 3 tahun sejak tanggal dialihkan, date of transfer, with market price of Rp 1,005 (full
dengan harga pasar Rp 1.005 (nilai penuh) per lembar saham. amount) per share.
Pelaksanaan program MESOP ini tidak menimbulkan dampak The implementation of the MESOP program does not have
dilusi kepada pemegang saham atas kepemilikan saham a dilutive impact on shareholders on share ownership in
dalam Perusahaan, dikarenakan saham-saham yang the Company, causes the shares included in the MESOP
dimasukkan ke dalam program MESOP merupakan saham program are treasury shares and are not new shares issued
treasuri dan bukan merupakan saham baru yang dikeluarkan from the Company's portfolio. The proceeds from the
dari portepel Perusahaan. Hasil pengalihan saham MESOP transfer of MESOP shares will be additional working capital
akan menjadi tambahan modal kerja bagi Perusahaan. for the Company.
Sesuai peraturan yang berlaku, sisa saham treasuri sebanyak In accordance with applicable regulations, the remaining
927.732.000 saham wajib dialihkan dan batas waktu 927,732,000 treasury shares must be transferred, and the
pemenuhan kewajiban pengalihan sisa saham treasuri deadline for fulfilling the obligation to transfer the
tersebut adalah 5 November 2025. remaining treasury shares is 5 November 2025.
398 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 399
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/77 Exhibit E/77
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
20. MODAL SAHAM (Lanjutan) 20. SHARE CAPITAL (Continued)
Saham treasuri (Lanjutan) Treasury stock (Continued)
Berdasarkan hasil RUPSLB tanggal 8 Mei 2025, pemegang Based on the results of the EGMS on 8 May 2025,
saham telah menyetujui rencana pengurangan modal shareholders have approved the plan to reduce the
ditempatkan dan disetor Perusahaan dengan cara menarik Company's issued and paid-up capital by withdrawing all
seluruh sisa saham treasuri Perusahaan yang berasal dari remaining treasury shares of the Company originating from
saham yang dibeli kembali dan dimiliki Perusahaan sejumlah shares repurchased and owned by the Company amounting
927.732.000 saham, yang mengakibatkan perubahan Pasal 4 to 927,732,000 shares, which resulted in changes to Article
ayat (2) Anggaran Dasar Perusahaan. Perusahaan telah 4 paragraph (2) of the Company's Articles of Association.
melakukan Pengurangan Modal sesuai ketentuan Pasal 37 UU The Company has carried out a Capital Reduction in
No. 40 Tahun 2007 tentang Perseroan Terbatas dan Pasal 21 accordance with the provisions of Article 37 of Law No. 40
POJK No. 29 Tahun 2023 tentang Pembelian Kembali Saham of 2007 concerning Limited Liability Companies and Article
oleh Perusahaan Terbuka yang kemudian diaktakan pada 21 of POJK No. 29 of 2023 concerning Share Buybacks by
Akta Pernyataan Keputusan Rapat No. 1 tanggal 3 Juni 2025 Public Companies which were then notarized in the Deed
dan telah memperoleh persetujuan dari Menteri Hukum of Statement of Meeting Resolutions No. 1 dated 3 June
melalui Surat Keputusan Nomor AHU- 2025 and has obtained approval from the Minister of Law
0045866.AH.01.02.Tahun 2025 tanggal 14 Juli 2025. Proses through Decree Number AHU-0045866.AH.01.02.Tahun
pengurangan modal selesai dilaksanakan pada tanggal 22 Juli 2025 dated 14 July 2025. The capital reduction process was
2025 dan jumlah saham yang dikeluarkan oleh Perusahaan completed on 22 July 2025 and the number of shares issued
menjadi 15.039.383.620 saham. by the Company became 15,039,383,620 shares.
Selanjutnya, Perusahaan melakukan pembelian kembali Furthermore, the Company is repurchasing shares under
saham dalam kondisi pasar yang berfluktuasi secara significantly fluctuating market conditions based on the
signifikan berdasarkan Keterbukaan Informasi tanggal Information Disclosure dated 1 August 2025. Explanation
1 Agustus 2025. Penjelasan mengenai pembelian kembali regarding share repurchases in significantly fluctuating
saham dalam kondisi pasar yang berfluktuasi secara market conditions can be seen in the General section (Note
signifikan dapat dilihat pada bagian Umum (Catatan 1e). 1e).
Pada tanggal 31 Desember 2025 dan 2024, jumlah saham As of 31 December 2025 and 2024, total treasury stock
treasuri masing-masing adalah sebanyak 190.000.000 saham were 190,000,000 shares and 927,732,000 shares,
dan 927.732.000 saham. respectively.
21. TAMBAHAN MODAL DISETOR - NETO 21. ADDITIONAL PAID-IN CAPITAL - NET
Pada tanggal 31 Desember 2025 dan 2024, akun ini On 31 December 2025 and 2024, this account represents
merupakan selisih lebih antara hasil yang diterima dengan the difference between amount received and par value
nilai nominal dari setoran modal, penawaran umum perdana, from paid-in capital, initial public offering, conversion of
konversi dari obligasi konversi termasuk penyesuaian saldo convertible bonds including adjustments balance of quasi
karena kuasi reorganisasi dan penarikan saham treasuri reorganization and treasury stock withdrawal (Note 20).
(Catatan 20).
22. PENDAPATAN PIUTANG PEMBIAYAAN 22. FINANCING RECEIVABLES INCOME
31 Desember/December
2025 2024
Pendapatan piutang pembiayaan Financing receivables income
Pihak ketiga 4.903.037 4.438.958 Third parties
Pendapatan administrasi 912.130 850.475 Administration income
Denda keterlambatan 368.424 360.954 Late charges
Pendapatan terminasi 255.329 286.470 Termination income
Jumlah 6.438.920 5.936.857 Total
Dikurangi: Less:
Bagian pendapatan yang dibiayai Portion of funds financed by
bank sehubungan dengan kerjasama banks in relation to channeling
penerusan pinjaman dan pembiayaan and joint financing
bersama (Catatan 31) (161.708) (53.513) cooperation (Note 31)
Pendapatan piutang pembiayaan - neto 6.277.212 5.883.344 Financing receivables income - net
Pada tahun yang berakhir pada tanggal 31 Desember 2025 dan For the year ended 31 December 2025 and 2024, the
2024, amortisasi biaya transaksi yang diakui sebagai amortization of transaction costs recognized as a reduction
pengurang dari pendapatan piutang pembiayaan masing- to financing receivables income was amounted to
masing sebesar Rp 274.944 dan Rp 210.403. Rp 274,944 and Rp 210,403, respectively.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 399
Page 400
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/78 Exhibit E/78
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
23. PENDAPATAN SYARIAH 23. SHARIA INCOME
31 Desember/December
2025 2024
Marjin murabahah 141.613 129.325 Murabahah margin
Pendapatan ijarah 1.665 371 Ijarah income
Pendapatan IMBT 20.463 16.824 IMBT income
Jumlah 163.741 146.520 Total
24. PENDAPATAN LAIN-LAIN 24. OTHER INCOME
31 Desember/December
2025 2024
Pemulihan dari piutang Recovery on written-off
yang dihapusbukukan 234.805 217.650 receivables
Keuntungan penjualan Gain on sale of fixed
aset tetap - neto (Catatan 10) 10.451 13.680 assets - net (Note 10)
Lain-lain 18.579 19.450 Others
Jumlah 263.835 250.780 Total
25. BEBAN GAJI DAN TUNJANGAN 25. SALARIES AND BENEFITS EXPENSES
31 Desember/December
2025 2024
Pihak ketiga Third parties
Gaji dan imbalan kerja 1.417.575 1.398.190 Salaries and allowances
Imbalan pasca-kerja (Catatan 17) 52.764 63.072 Post-employment benefits (Note 17)
1.470.339 1.461.262
Pihak berelasi (Catatan 29) Related parties (Note 29)
Gaji dan imbalan kerja 42.593 51.405 Salaries and allowances
Imbalan pasca-kerja (Catatan 17, 29) 4.179 4.572 Post-employment benefits (Note 17, 29)
46.772 55.977
Jumlah 1.517.111 1.517.239 Total
26. BEBAN BUNGA DAN KEUANGAN 26. INTEREST AND FINANCE CHARGES
31 Desember/December
2025 2024
Bunga atas pinjaman yang diterima 726.672 688.392 Interest on fund borrowings
Bunga atas surat berharga yang Interest on securities
diterbitkan (Catatan 15) 207.236 235.862 issued (Note 15)
Amortisasi biaya emisi atas surat berharga Amortization of securities
yang diterbitkan (Catatan 15) 5.607 6.283 issuance cost (Note 15)
Jumlah 939.515 930.537 Total
400 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 401
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/79 Exhibit E/79
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. BEBAN UMUM DAN ADMINISTRASI 27. GENERAL AND ADMINISTRATIVE EXPENSES
31 Desember/December
2025 2024
Beban penerimaan angsuran 172.040 143.765 Installment collection expense
Biaya operasional IT 121.052 88.472 Operational IT cost
Penyusutan aset tetap (Catatan 10) 119.067 124.538 Depreciation of fixed assets (Note 10)
Perbaikan dan pemeliharaan 71.637 65.041 Repairs and maintenance
Pemasaran 70.927 78.275 Marketing
Amortisasi aset tak berwujud (Catatan 12) 63.892 68.353 Amortization of intangible assets (Note 12)
Perjalanan dinas dan transportasi 45.720 46.061 Travel and transportation
Pendidikan dan pelatihan 39.148 40.199 Training and education
Asuransi 25.502 23.894 Insurance
Penyusutan aset hak-guna (Catatan 11) 21.708 22.474 Depreciation of right-of-use assets (Note 11)
Validasi data kredit 17.577 18.036 Credit data validation
Listrik dan air 16.880 16.924 Electricity and water
Beban kantor 16.782 15.445 Office expense
Komunikasi 16.295 15.487 Communications
Pengiriman, perangko dan materai 15.936 15.341 Courier, postage and stamp duty
Beban alih sumber daya 15.316 16.371 Outsourced service expenses
Keanggotaan dan langganan 12.582 11.784 Membership and subscription
Sewa 5.367 1.993 Rental
Jasa profesional 2.387 35.148 Professional fees
Program CSR 2.309 2.124 CSR program
Beban administrasi bank 2.094 1.874 Bank administration charges
Legalisir dokumen dan fotokopi 1.155 1.221 Legalized document and photocopy
Lain-lain 22.309 22.605 Others
Jumlah 897.682 875.425 Total
28. BEBAN LAIN-LAIN 28. OTHER EXPENSES
Rincian beban lain-lain adalah sebagai berikut: The details of other expenses are as follows:
31 Desember/December
2025 2024
Penghapusan piutang dalam Written-off receivables in the
proses penyelesaian 315.796 229.458 settlement process
Kerugian neto pelepasan aset tak berwujud 6.734 5.362 Net loss on disposal of intangible assets
Cadangan kerugian penurunan Provision for impairment losses
nilai atas piutang dalam proses penyelesaian 6.518 99 of receivables in the settlement process
Jumlah 329.048 234.919 Total
29. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 29. RELATED PARTIES TRANSACTIONS
Dalam menjalankan kegiatan usahanya, Perusahaan dan In the normal course of business, the Company and Its
Entitas Anaknya melakukan transaksi dengan pihak-pihak Subsidiary undertake transactions with related parties.
berelasi.
Sifat hubungan dan transaksi Perusahaan dan Entitas Anaknya The nature of the Company and Its Subsidiary’s relationship
dengan pihak yang berelasi adalah sebagai berikut: and transactions with related parties are as follows:
Sifat hubungan/ Sifat dari transaksi/
Pihak berelasi/ Related parties Nature of relationship Nature of transactions
Dewan Komisaris dan Direksi/ Personil manajemen kunci/ Imbalan kerja jangka-pendek/
Board of Commissioners and Key management personnel Short-term employees’ benefits
Directors Imbalan pasca-kerja/ Post-employment benefits
Program kompensasi manajemen dan karyawan
berbasis saham/ Management and employee
stock options program
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 401
Page 402
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/80 Exhibit E/80
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (Lanjutan) 29. RELATED PARTIES TRANSACTIONS (Continued)
Sifat hubungan dan transaksi Perusahaan dan Entitas Anaknya The nature of the Company and Its Subsidiary’s relationship
dengan pihak yang berelasi adalah sebagai berikut: and transactions with related parties are as follows:
(Lanjutan) (Continued)
Sifat hubungan/ Sifat dari transaksi/
Pihak berelasi/ Related parties Nature of relationship Nature of transactions
PT Bank Jago Tbk Dalam satu penerima manfaat akhir Giro/ Current accounts
yang sama/ Deposito berjangka/ Time deposits
Under a similar ultimate Pendapatan bunga/ Interest income
beneficial owner Beban bunga/ Interest expense
Pinjaman yang diterima/ Fund borrowing
Pembiayaan Bersama/ Joint Financing
Rincian saldo dan transaksi dengan pihak yang berelasi The details of balances and transactions with related
adalah sebagai berikut: parties are as follows:
31 Desember/December
2025 2024
Aset Assets
Kas dan setara kas (Catatan 4) Cash and cash equivalents (Note 4)
Bank Cash in banks
PT Bank Jago Tbk 1.838 70 PT Bank Jago Tbk
Deposito berjangka Time deposits
PT Bank Jago Tbk 3.000 6.771 PT Bank Jago Tbk
4.838 6.841
Persentase terhadap jumlah aset 0,02% 0,03% Percentage of total assets
Liabilitas Liabilities
Pinjaman yang diterima (Catatan 13) Fund borrowings (Note 13)
PT Bank Jago Tbk 102.643 169.094 PT Bank Jago Tbk
Persentase terhadap jumlah liabilitas 0,69% 1,13% Percentage of total liabilities
31 Desember/December
2025 2024
Pendapatan Income
Keuangan Finance
PT Bank Jago Tbk 1.657 460 PT Bank Jago Tbk
Persentase terhadap jumlah pendapatan 0,03% 0,01% Percentage of total income
31 Desember/December
2025 2024
Beban Expenses
Beban gaji dan tunjangan karyawan Salaries and employee benefits
(Catatan 25) (Note 25)
Dewan Komisaris dan Direksi Board of Commissioners and Directors
Imbalan kerja jangka-pendek 42.593 51.405 Short-term employees’ benefits
Imbalan pasca-kerja 4.179 4.572 Post-employment benefits
Beban bunga dan keuangan (Catatan 26) Interest and finance charges (Note 26)
PT Bank Jago Tbk 7 3 PT Bank Jago Tbk
46.779 55.977
Persentase terhadap jumlah beban 0,98% 1,27% Percentage of total expenses
Transaksi dengan pihak berelasi, kecuali beban gaji dan Transaction with related parties, except salary expense and
imbalan kerja kepada personil manajemen kunci, dilakukan employee benefits to key management personnel, conducted
dengan menggunakan persyaratan usaha normal. by normal operations requirements.
402 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 403
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/81 Exhibit E/81
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. SEGMEN OPERASI 30. OPERATING SEGMENT
Perusahaan dan Entitas Anaknya mengelola kegiatan The Company and Its Subsidiary manage its business activities
usahanya dan mengidentifikasi segmen yang dilaporkan and identifies its reported segments based on product
berdasarkan jenis produk dan wilayah geografis. Laba atau categories and geographic area. Profit or loss from each
rugi dari masing-masing segmen digunakan untuk menilai segment is used to measure performance of each segment’s
kinerja masing-masing segmen. Informasi yang berkaitan information concerning the main segments are set out as
dengan segmen usaha utama disajikan sebagai berikut: follows:
31 Desember/December 2025
Sepeda
Mobil/ motor/ Lain-lain/ Jumlah/
Cars Motorcycles Others Total
Laporan laba rugi Statement of profit or loss
Pendapatan Income
Pendapatan pembiayaan 4.369.213 1.023.564 1.048.176 6.440.953 Financing income
Lain-lain 178.707 31.737 96.422 306.866 Others
Jumlah pendapatan 4.547.920 1.055.301 1.144.598 6.747.819 Total income
Beban Expenses
Beban operasional 2.438.590 515.994 728.772 3.683.356 Operating expenses
Cadangan kerugian penurunan nilai 729.458 164.646 197.278 1.091.382 Provision for impairment losses
Jumlah beban 3.168.048 680.640 926.050 4.774.738 Total expenses
Laba sebelum pajak 1.379.872 374.661 218.548 1.973.081 Profit before tax
Beban pajak penghasilan (273.859) (74.358) (43.374) (391.591) Income tax expense
Laba tahun berjalan 1.106.013 300.303 175.174 1.581.490 Profit for the year
Laporan posisi keuangan Statement of financial position
Aset Assets
Piutang pembiayaan - neto 14.697.499 1.773.430 5.923.541 22.394.470 Financing receivables - net
Piutang ijarah dan IMBT - neto - - 90.784 90.784 Ijarah and IMBT receivables - net
Lain-lain 158.836 8.516 2.819.918 2.987.270 Others
Jumlah aset 14.856.335 1.781.946 8.834.243 25.472.524 Total assets
Liabilitas Liabilities
Pinjaman yang diterima - - 10.370.062 10.370.062 Fund borrowings
Surat berharga yang diterbitkan -
neto - - 3.225.459 3.225.459 Securities issued - net
Lain-lain 91.616 22.926 1.109.170 1.223.712 Others
Jumlah liabilitas 91.616 22.926 14.704.691 14.819.233 Total liabilities
31 Desember/December 2024
Sepeda
Mobil/ motor/ Lain-lain/ Jumlah/
Cars Motorcycles Others Total
Laporan laba rugi Statement of profit or loss
Pendapatan Income
Pendapatan pembiayaan 4.142.100 961.415 926.349 6.029.864 Financing income
Lain-lain 151.441 44.018 109.747 305.206 Others
Jumlah pendapatan 4.293.541 1.005.433 1.036.096 6.335.070 Total income
Beban Expenses
Beban operasional 2.424.439 526.098 607.583 3.558.120 Operating expenses
Cadangan kerugian penurunan nilai 632.288 108.136 109.912 850.336 Provision for impairment losses
Jumlah beban 3.056.727 634.234 717.495 4.408.456 Total expenses
Laba sebelum pajak 1.236.814 371.199 318.601 1.926.614 Profit before tax
Beban pajak penghasilan (232.352) (69.735) (59.853 ) (361.940) Income tax expense
Laba tahun berjalan 1.004.462 301.464 258.748 1.564.674 Profit for the year
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 403
Page 404
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/82 Exhibit E/82
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. SEGMEN OPERASI (Lanjutan) 30. OPERATING SEGMENT (Continued)
Perusahaan dan Entitas Anaknya mengelola kegiatan The Company and Its Subsidiary manage its business activities
usahanya dan mengidentifikasi segmen yang dilaporkan and identifies its reported segments based on product
berdasarkan jenis produk dan wilayah geografis. Laba atau categories and geographic area. Profit or loss from each
rugi dari masing-masing segmen digunakan untuk menilai segment is used to measure performance of each segment’s
kinerja masing-masing segmen. Informasi yang berkaitan information concerning the main segments are set out as
dengan segmen usaha utama disajikan sebagai berikut: follows: (Continued)
(Lanjutan)
31 Desember/December 2024
Sepeda
Mobil/ motor/ Lain-lain/ Jumlah/
Cars Motorcycles Others Total
Laporan posisi keuangan / Statement of financial position
Aset Assets
Piutang pembiayaan - neto 15.018.065 1.550.174 5.444.575 22.012.814 Financing receivables - net
Piutang ijarah dan IMBT - neto - - 83.597 83.597 Ijarah and IMBT receivables - net
Lain-lain 159.344 10.506 2.853.559 3.023.409 Others
Jumlah aset 15.177.409 1.560.680 8.381.731 25.119.820 Total assets
Liabilitas Liabilities
Pinjaman yang diterima - - 10.822.571 10.822.571 Fund borrowings
Surat berharga yang diterbitkan -
neto - - 2.935.877 2.935.877 Securities issued - net
Lain-lain 104.417 20.072 1.055.218 1.179.707 Others
Jumlah liabilitas 104.417 20.072 14.813.666 14.938.155 Total liabilities
Berikut ini adalah informasi yang berkaitan dengan segmen The following tables present information concerning the
usaha utama berdasarkan wilayah geografis: main segments based on geographic area:
Segmen Geografis Geographical Segments
31 Desember/December 2025
Sulawesi dan
Indonesia Timur/
Jawa dan Bali/ Kalimantan/ Sumatera/ Sulawesi and Jumlah/
Java and Bali Kalimantan Sumatera East Indonesia Total
Jumlah Pendapatan 3.669.118 822.021 1.233.698 1.022.982 6.747.819 Total Income
Jumlah Aset 16.388.043 3.505.552 3.959.791 1.619.138 25.472.524 Total Assets
31 Desember/December 2024
Sulawesi dan
Indonesia Timur/
Jawa dan Bali/ Kalimantan/ Sumatera/ Sulawesi and Jumlah/
Java and Bali Kalimantan Sumatera East Indonesia Total
Jumlah Pendapatan 3.387.411 803.244 1.138.537 1.005.878 6.335.070 Total Income
Jumlah Aset 15.325.885 3.813.969 3.890.109 2.089.857 25.119.820 Total Assets
404 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 405
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/83 Exhibit E/83
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31. PERJANJIAN KERJASAMA YANG PENTING 31. SIGNIFICANT COOPERATION AGREEMENTS
a. Pembiayaan Bersama a. Joint Financing
Dalam kaitan untuk mendukung kebutuhan pendanaan For the purpose to support funding requirement on
untuk pengembangan usaha, Perusahaan juga melakukan business expansion, the Company has also engaged a
berbagai kerjasama dengan perbankan, antara lain partnership with banking institutions in the form of
dalam bentuk perjanjian pembiayaan bersama (joint joint financing which are classified as “off balance
financing) yang dibukukan secara off balance sheet. sheet” transactions.
31 Desember/December
2025 2024
PT Bank Jago Tbk 2.821.452 1.225.652 PT Bank Jago Tbk
Dikurangi: Less:
Biaya transaksi belum diamortisasi (4.188) (2.244) Unamortized transaction costs
Jumlah - neto 2.817.264 1.223.408 Total – net
Pada tanggal 5 Agustus 2021, Perusahaan On 5 August 2021, the Company entered into joint
menandatangani perjanjian kerjasama No.0100/065/B/ financing agreement No.0100/065/B/05082021
05082021 dengan skema pembiayaan bersama (joint amounting to Rp 150,000 with PT Bank Jago Tbk.
financing) sebesar Rp 150.000 dengan PT Bank Jago Tbk. On 25 March 2022, with financing agreement
Pada tanggal 25 Maret 2022, dengan perjanjian No.0100/026/B/25032022, the amount of this facility
kerjasama No. 0100/026/B/25032022, jumlah fasilitas ini has been increased to Rp 300,000. The amount of funds
meningkat menjadi Rp 300.000. Porsi fasilitas to be financed by each party range from 10% from the
pembiayaan yang akan diberikan untuk konsumen dari Company, and 90% from joint financing providers
masing-masing pihak adalah berkisar 10% dari (banks).
Perusahaan, dan 90% dari pemberi pembiayaan bersama
(bank).
Pada tanggal 24 Mei 2023, Perusahaan menandatangani On 24 May 2023, the Company entered into an
Perubahan dan Pernyataan Kembali Perjanjian Kerjasama Amendment and Restatement of Joint Financing Facility
Fasilitas Pembiayaan Bersama No.0100/049/B/24052023 Agreement No.0100/049/B/24052023 with PT Bank
dengan PT Bank Jago Tbk dimana jumlah fasilitas ini Jago Tbk whereas the facility amount increase to
berubah menjadi sebesar Rp 2.000.000 dan berlaku Rp 2,000,000 and shall be effective until 5 August 2024.
efektif sampai dengan tanggal 5 Agustus 2024.
Pada tanggal 1 Agustus 2024, Perusahaan On 1 August 2024, the Company entered into an
menandatangani Perubahan dan Pernyataan Kembali Amendment and Restatement of Joint Financing Facility
Perjanjian Kerjasama Fasilitas Pembiayaan Bersama Agreement No.0100/042/B/01082024 with PT Bank
No.0100/042/B/01082024 dengan PT Bank Jago Tbk yang Jago Tbk whereas the amount of funds to be financed
merubah porsi fasilitas pembiayaan yang akan diberikan by each party range from 1% from the Company, and
untuk konsumen dari masing-masing pihak yaitu berubah 99% from joint financing providers (banks) and shall be
menjadi berkisar 1% dari Perusahaan, dan 99% dari effective from 5 August 2024 until 5 August 2027.
pemberi pembiayaan bersama (bank) dan berlaku efektif
dari tanggal 5 Agustus 2024 sampai dengan tanggal
5 Agustus 2027.
Pada tanggal 17 Januari 2025, Perusahaan On 17 January 2025, the Company entered into an
menandatangani Perubahan dan Pernyataan Kembali Amendment and Restatement of Joint Financing Facility
Perjanjian Kerjasama Fasilitas Pembiayaan Bersama Agreement No. 0100/005A/B/17012025 with PT Bank
No. 0100/005A/B/17012025 dengan PT Bank Jago Tbk di Jago Tbk whereas the facility amount increase to
mana jumlah fasilitas ini berubah menjadi Rp 5.000.000 Rp 5,000,000 and shall be effective until 5 August 2027.
dan fasilitas ini berlaku efektif sampai dengan tanggal
5 Agustus 2027.
Fasilitas tersebut di atas berlaku sampai dengan The above facility will be expired at the time
dibayarkannya angsuran terakhir piutang pembiayaan customers pay the latest installment of joint financing
bersama oleh konsumen. receivables.
Perusahaan bersama dengan pemberi pembiayaan The Company, together with the joint financing
bersama di atas bertindak sebagai penyedia dana dalam providers mentioned above, extend credit to
pemberian pembiayaan kepada konsumen yang consumers in accordance with certain criteria laid
memenuhi kriteria tertentu. Perusahaan bertanggung down in agreements. The Company is responsible to
jawab untuk mengelola dokumentasi dan administrasi maintain the customer’s documentation and
setiap konsumen. administration.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 405
Page 406
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/84 Exhibit E/84
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31. PERJANJIAN KERJASAMA YANG PENTING (Lanjutan) 31. SIGNIFICANT COOPERATION AGREEMENTS (Continued)
a. Pembiayaan Bersama (Lanjutan) a. Joint Financing (Continued)
Kerjasama pembiayaan bersama yang dilakukan ini The joint financing facilities were arranged without
bersifat without recourse, dimana Perusahaan tidak recourse, whereby the Company is not obliged to pay
memiliki kewajiban untuk membayar atau menyetor installments including interest to joint financing
angsuran pokok termasuk bunganya kepada pemberi providers in the event that the customers fail to meet
pembiayaan bersama jika konsumen gagal melakukan their installment obligation to the Company.
pembayaran angsurannya kepada Perusahaan.
b. Penyalur kendaraan b. Dealers of Motor Vechicles
Perusahaan mengadakan perjanjian kerjasama dengan The Company has entered into cooperation agreements
beberapa penyalur kendaraan. Pembiayaan yang telah with dealers of motor vehicles. Approved financing that
disetujui namun belum dibayarkan kepada penyalur has not yet been paid to dealers are recorded as payable
kendaraan dicatat sebagai utang kepada penyalur to dealers.
kendaraan.
c. Asuransi c. Insurance
Perusahaan mengadakan kerjasama dengan beberapa The Company has entered into cooperation agreements
perusahaan asuransi seperti PT Sinarmas Penjaminan with insurance companies which are PT Sinarmas
Kredit Syariah, PT Asuransi Bina Dana Arta Tbk, Penjaminan Kredit Syariah, PT Asuransi Bina Dana Arta
PT Asuransi Sinar Mas, PT Asuransi Wahana Tata, Tbk, PT Asuransi Sinar Mas, PT Asuransi Wahana Tata,
PT Asuransi Astra, PT Asuransi Raksa Pratikara, PT Asuransi Astra, PT Asuransi Raksa Pratikara,
PT Asuransi FPG Indonesia, PT Asuransi Etiqa PT Asuransi FPG Indonesia, PT Asuransi Etiqa
Internasional Indonesia, PT Pan Pasific Insurance, Internasional Indonesia, PT Pan Pasific Insurance,
PT FWD Insurance Indonesia dan PT Chubb Life Insurance PT FWD Insurance Indonesia and PT Chubb Life Insurance
Indonesia dalam rangka penyediaan asuransi Indonesia to providing credit protection insurance and
perlindungan kredit dan perlindungan terhadap agunan protection for financed collateral.
yang dibiayai.
Perusahaan melakukan penutupan asuransi atas The Company insures vehicles for the interest of the
kendaraan bermotor demi kepentingan Perusahaan Company in its capacity as financing provider. Insurance
dalam kapasitasnya sebagai penyedia pembiayaan. premium payments received from customers that have
Pembayaran premi asuransi yang telah diterima dari not yet been paid to insurance companies are recorded
konsumen namun belum dibayarkan kepada perusahaan as insurance premium payable.
asuransi dicatat sebagai utang premi asuransi.
32. LABA PER SAHAM 32. EARNINGS PER SHARE
Laba per saham dasar dihitung dengan cara membagi laba Earnings per share is calculated by dividing profit for the
tahun berjalan yang dapat diatribusikan kepada pemilik year attributable to owner of the parent available to
entitas induk tersedia bagi pemegang saham dengan rata- shareholders by the weighted average common shares
rata tertimbang saham biasa yang beredar pada tahun outstanding during the year.
berjalan.
31 Desember/December
2025 2024
Laba tahun berjalan untuk perhitungan Profit for the year for the computation of
laba per saham dasar 1.581.841 1.564.811 basic earning per shares
Jumlah rata-rata tertimbang The weighted average of
saham yang beredar 15.396.017.365 15.039.383.620 shares outstanding
Laba per saham Basic earnings per
dasar (nilai penuh) 103 104 share (full amount)
Perusahaan tidak memiliki instrumen yang memberikan efek The Company does not have instrument that give impact of
dilusi pada laba per saham dasar. dilution effect on basic earning per share.
406 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 407
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/85 Exhibit E/85
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. PENGHASILAN KOMPREHENSIF LAIN 33. OTHER COMPREHENSIVE INCOME
Perubahan komponen penghasilan komprehensif lain yang The movement of other comprehensive income component
tidak mempengaruhi laba rugi adalah sebagai berikut: that have not yet affected the profit and loss were as
follows:
31 Desember/December
2025 2024
Saldo awal tahun – setelah Beginning balance of the
pajak tangguhan 9.563 65.202 year after deferred tax
Keuntungan pengukuran kembali Gain on remeasurement of
program aktuarial manfaat pasti 3.224 12.897 defined benefit actuarial program
Effective portion of the fair value change
Bagian efektif atas perubahan nilai wajar of the derivative instrument -
instrumen derivatif - lindung nilai arus kas 44.052 (81.583) cash flow hedge
56.839 (3.484)
Aset (liabilitas) pajak tangguhan (Catatan 14c) (8.987) 13.047 Deferred tax assets (liabilities) (Note 14c)
Saldo akhir tahun – setelah Balance at the end of year -
pajak tangguhan 47.852 9.563 after deferred tax
34. PERUBAHAN PADA LIABILITAS DARI AKTIVITAS PENDANAAN 34. CHANGES IN LIABILITIES ARISED FROM FINANCING
ACTIVITIES
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arised from financing activities are as
pendanaan adalah sebagai berikut: follows:
31 Desember/December 2025
Pergerakan non-kas/
Non-cash changes
Pergerakan
Pergerakan beban
valuta asing/ transaksi/
Saldo awal/ Movement in Changes in Saldo akhir/
Beginning Arus kas/ foreign transaction Ending
balance Cashflows exchange cost balance
Pinjaman yang diterima 10.822.571 (471.605) 11.443 7.653 10.370.062 Funds borrowings
Surat berharga yang
diterbitkan - neto 2.935.877 288.000 - 1.582 3.225.459 Securities issued - net
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 13.758.448 (183.605) 11.443 9.235 13.595.521 financing activities
31 Desember/December 2024
Pergerakan non-kas/
Non-cash changes
Pergerakan
Pergerakan beban
valuta asing/ transaksi/
Saldo awal/ Movement in Changes in Saldo akhir/
Beginning Arus kas/ foreign transaction Ending
balance Cashflows exchange cost balance
Pinjaman yang diterima 8.665.860 2.104.333 52.519 (141) 10.822.571 Funds borrowings
Surat berharga yang
diterbitkan - neto 4.720.775 (1.787.000) - 2.102 2.935.877 Securities issued - net
Jumlah liabilitas dari Total liabilities from
aktivitas pendanaan 13.386.635 317.333 52.519 1.961 13.758.448 financing activities
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 407
Page 408
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/86 Exhibit E/86
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
34. PERUBAHAN PADA LIABILITAS DARI AKTIVITAS PENDANAAN 34. CHANGES IN LIABILITIES ARISED FROM FINANCING
(Lanjutan) ACTIVITIES (Continued)
Perusahaan dan Entitas Anaknya telah melakukan kebijakan The Company and Its Subsidiary have conducted hedge policy
lindung nilai untuk pinjaman yang diterima dalam mata uang to borrowings denominated in foreign currencies.
asing.
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS
MANAJEMEN RISIKO RISK MANAGEMENT
a. Pendahuluan dan gambaran umum a. Introduction and general description
Perkembangan dunia multifinance yang disertai dengan The development in multifinance industry followed with
meningkatnya kompleksitas aktivitas pembiayaan the improvement in complexity of financing activity has
semakin mempertegas pentingnya tata kelola emphasized more on the importance of good corporate
perusahaan yang sehat (good corporate governance) dan governance and a reliable risk management. Such both
manajemen risiko yang dapat diandalkan. Kedua hal matters are important factors, which bring the
tersebut merupakan faktor penting yang menjadi investors’ attention in assessing their investment
perhatian para investor dalam penilaian pilihan target targeting. Basically, the implementation of risk
investasinya. Penerapan manajemen risiko di management within the Company and Its Subsidiary had
Perusahaan dan Entitas Anaknya pada dasarnya sudah been carried out since the establishment of the
dilakukan sejak perusahaan berdiri, meskipun dengan Company, eventhough the Company was still using a
cara yang masih konvensional dan berkembang sesuai conventional manner and keep improving in accordance
dengan perkembangan kondisi internal dan eksternal. with the recent development of internal and external
circumstances.
Perusahaan dan Entitas Anaknya menyadari bahwa The Company and Its Subsidiary realize that risk is an
risiko merupakan bagian yang tidak terpisahkan dari integral part of its operational activity and can be
operasional dan dapat dikelola secara praktis dan managed practically and effectively day by day, with the
efektif setiap hari, dengan lima tipe risiko utama: following five particular risks:
1. Risiko kredit 1. Credit risk
2. Risiko pasar 2. Market risk
3. Risiko pendanaan dan likuiditas 3. Funding and liquidity risk
4. Risiko operasional 4. Operational risk
5. Risiko permodalan 5. Capital risk
Pengelolaan risiko di Perusahaan mencakup keseluruhan Risk management within the Company includes overall
lingkup aktivitas usaha di Perusahaan, yang didasarkan scope of business activity within the Company, which
pada kebutuhan akan keseimbangan antara fungsi based on the necessity of balance between business
operasional bisnis dengan pengelolaan risikonya. operational function and its risk management thereof.
Dengan kebijakan dan manajemen risiko yang berfungsi By means of proper risk management and policy, thus
baik, maka manajemen risiko akan menjadi strategic the risk management will become a strategic partner to
partner bagi bisnis dalam mendapatkan hasil optimal the business in obtaining optimal outcome from the
dari operasi Perusahaan. Company’s course of operation.
Dalam rangka pengembangan manajemen risiko yang In the event of development of proper risk management,
sesuai, Perusahaan dan Entitas Anaknya terus the Company and Its Subsidiary keep developing and
mengembangkan dan meningkatkan kerangka sistem improving the integrated and comprehensive framework
pengelolaan risiko dan struktur pengendalian internal of risk management system and internal control
yang terpadu dan komprehensif, sehingga dapat structure, in order that they are able to provide
memberikan informasi adanya potensi risiko secara information as an early warning of any potential risk and
lebih dini dan selanjutnya mengambil langkah-langkah accordingly, take appropriate actions to mitigate the
yang memadai untuk meminimalkan dampak risiko. risk.
Kerangka manajemen risiko dituangkan dalam The framework of risk management is implemented
kebijakan, prosedur, batasan transaksi, kewenangan under the form of policy, procedures, transactional
dan ketentuan lain serta berbagai perangkat limits, authorizations, and other rules as well as various
manajemen risiko, yang berlaku di seluruh aktivitas risk management instruments applicable to entire
lingkup usaha. Untuk memastikan bahwa kebijakan dan business activity. In order to ensure that the policy and
prosedur tersebut sesuai dengan perkembangan bisnis procedures is in line with the current business
yang ada, maka evaluasi selalu dilakukan berkala sesuai development, evaluation is frequently carried out in
dengan perubahan parameter risikonya. accordance with the change in its risk parameter.
408 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 409
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/87 Exhibit E/87
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
b. Kerangka manajemen risiko b. Framework of risk management
Dalam penerapan manajemen risiko, Perusahaan In the implementation of risk management, the
menyadari pentingnya memiliki sebuah mekanisme yang Company realizes the importance of having an adequate
memadai dalam mengakomodasi risiko-risiko yang mechanism to accommodate the risks faced by the
dihadapi Perusahaan. Perusahaan bertumpu pada 4 Company. The Company has a mechanism that is based
(empat) pilar manajemen risiko sebagai berikut: upon 4 (four) risk management pillars, in which could be
described as follows:
1. Pengawasan aktif Dewan Komisaris dan Direksi, 1. Active supervision by the Board of Commissioners
yang mencakup: and Board of Directors, which includes:
- Menyetujui dan melakukan evaluasi kebijakan - Approving and evaluating risk management
manajemen risiko secara berkala; policies on a regular basis;
- Menetapkan kebijakan dan strategi Manajemen - Establishing risk management policies and
Risiko termasuk penetapan otoritas dalam strategies, which include determining the
pemberian batasan serta tinjauan atas kualitas authorization in limits and reviewing the quality
portfolio secara berkala; of portfolio on a regular basis;
- Terdapatnya Komite Pemantau Risiko dalam - Presence of Risk Oversight Committee in carrying
melakukan fungsi pengawasan. out their supervisory functions.
2. Kebijakan dan penerapan batasan 2. Policy and implementation limits
Perusahaan menyusun kebijakan-kebijakan The Company develops policies related to risk
manajemen risiko yang diperiksa secara berkala dan management, which are assessed periodically and
selalu disesuaikan dengan kondisi usaha terkini. aligned constantly to fit the most recent business
Kebijakan tersebut diterjemahkan ke dalam situation. The policy is translated into Standard
Prosedur Operasi Standar, Ketentuan Umum dan Operating Procedures and Internal Memo, which are
Surat Keputusan Dewan Direksi, dan disosialisasikan being socialized to all employees. The Company also
kepada seluruh karyawan terkait. Perusahaan juga has policies concerning the level of authority on
menerapkan batasan persetujuan atau otorisasi approval or authorization for both credit and non-
untuk transaksi kredit maupun yang bukan transaksi credit transactions.
kredit.
3. Identifikasi, pengukuran, pengawasan dan sistem 3. Identification, measurement, monitoring, and
informasi manajemen management information system
Perusahaan memiliki perangkat untuk The Company has a set of tools to identify, measure,
mengidentifikasi, mengukur dan mengawasi risiko, and monitor risks, particularly the credit risk and
terutama risiko kredit dan operasional melalui operational risk through the existing reporting and
mekanisme pelaporan dan sistem informasi management information system mechanism. In
manajemen. Untuk menjamin ketersediaan data order to ensure the availability of updated and
risiko yang terkini dan komprehensif, Perusahaan comprehensive risk data, the Company had
telah melakukan mengkonversi sistem operasi converted the existing operating system into a
Perusahaan yang ada menjadi centralized system centralized system, which known as CONFINS.
yang dikenal dengan CONFINS. Selain itu, Moreover, the Company has also implemented
Perusahaan juga melakukan implementasi sistem business intelligence information system in order
informasi business intelligence agar data atau that data or risk information could be provided to
informasi risiko dapat disediakan secara cepat dan the management or other third parties on a prompt
akurat kepada pihak manajemen atau pihak ketiga and accurate manner.
lainnya.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 409
Page 410
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/88 Exhibit E/88
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
b. Kerangka manajemen risiko (Lanjutan) b. Framework of risk management (Continued)
Dalam penerapan manajemen risiko, Perusahaan In the implementation of risk management, the
menyadari pentingnya memiliki sebuah mekanisme yang Company realizes the importance of having an adequate
memadai dalam mengakomodasi risiko-risiko yang mechanism to accommodate the risks faced by the
dihadapi Perusahaan. Perusahaan bertumpu pada 4 Company. The Company has a mechanism that is based
(empat) pilar manajemen risiko sebagai berikut: upon 4 (four) risk management pillars, in which could be
(Lanjutan) described as follows: (Continued)
4. Pengendalian internal 4. Internal control
Perusahaan memiliki Departemen Audit Internal The Company has the Internal Audit Division in
yang secara independen melaporkan hasil place, which independently reports on process and
pemeriksaannya kepada Dewan Komisaris dan results of assessment to the Board of Commissioners
and Board of Directors. The responsibility of the
Direksi. Tanggung jawab dari Departemen Audit
Internal Audit Division includes:
Internal mencakup:
- Menyediakan penilaian atas kecukupan dan - Providing assessment on the adequacy and
efektifitas dari proses bisnis yang ada di dalam effectiveness of the entire existing business
Perusahaan; process within the Company;
- Melakukan pemeriksaan atas kepatuhan terhadap - Conducting examination on compliance to the
kebijakan-kebijakan risiko Perusahaan; Company’s risk policies;
- Melaporkan masalah-masalah penting yang terkait - Reporting on significant issues related to the
dengan proses pengendalian di dalam Perusahaan control activities within the Company, including
termasuk rekomendasi perbaikan yang potensial potential improvements to these processes; and
terhadap proses tersebut; dan
- Melakukan koordinasi strategis dengan fungsi
- Coordinating with other controlling and
pengendali dan pengawasan lainnya (manajemen supervisory functions (risk management,
risiko, hukum, sistem dan prosedur, dan audit compliance, legal, system and procedures, and
eksternal). external auditor)
c. Proses dan penilaian risiko c. Process and risk assessments
Pada dasarnya proses manajemen risiko dilakukan oleh Basically, risk management processes are carried out by
masing-masing unit mengingat risiko yang dihadapi each unit considering that the risk faced represents
merupakan risiko individual yang melekat pada produk, individual risks which are embedded into the products,
transaksi maupun proses pada unit yang bersangkutan. transactions, as well as process in the related unit. The
Tugas utama dari Departemen Manajemen Risiko adalah primary task of Risk Management Division is to
menetapkan kebijakan dan prosedur manajemen risiko determine policies and procedures as well as doing a
serta melakukan serangkaian proses untuk series of processes of collecting, measuring, and
mengumpulkan, melakukan pengukuran dan pelaporan reporting to the Board of Commissioners and Board of
kepada Dewan Komisaris dan Direksi. Penetapan Directors. The determination of risk management
kebijakan manajemen risiko dilakukan melalui proses policies is carried out through approval process by the
persetujuan Direksi. Board of Directors.
1. Risiko Kredit 1. Credit Risk
Risiko kredit adalah risiko utama Perusahaan, yaitu Credit risk is the main risk of the Company, that is
risiko yang timbul apabila konsumen tidak dapat the risk arising when the customer are unable to
memenuhi kewajibannya sesuai dengan perjanjian meet its obligation in accordance with the agreement
yang telah disepakati antara konsumen dengan as agreed upon between the customer and the
Perusahaan. Company.
410 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 411
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/89 Exhibit E/89
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
1. Risiko Kredit (Lanjutan) 1. Credit Risk (Continued)
Manajemen risiko yang telah diterapkan Risk management that has been applied by the
Perusahaan adalah sebagai berikut: Company are as follows:
Diversifikasi portofolio menurut wilayah, sektor Diversify the portfolio by region, economic sector
ekonomi dan industri, merk dan tipe barang. and industry, brand and type of goods.
Risk Adjusted Pricing Method, yaitu penetapan Risk Adjusted Pricing Method, namely setting the
tingkat bunga pembiayaan berdasarkan risiko interest rate of financing based on the risks faced
yang dihadapi, antara lain dinilai dari tingkat by, among others, assessed based on the level of
uang muka yang dibayar konsumen, usia advances paid by consumers, age of vehicles
kendaraan yang dibiayai, jenis penutupan financed, type of insurance coverage selected and
asuransi yang dipilih dan lain sebagainya. so forth.
Adanya Key Performance Indicators (KPI) The Key Performance Indicators (KPI) as an “early
sebagai “early warning system” atas suatu warning system” of an individual loan products as
masing-masing produk pembiayaan maupun well as branch offices.
kantor cabang.
Penanganan kontrak bermasalah yang dilakukan Handling of problematic contracts in a discipline
secara disiplin dan proaktif. and proactive manner.
Analisa atas kualitas portofolio secara periodik Analysis of portfolio quality through periodic and
dan tindakan preventif dan sanksi bagi cabang- preventive actions and sanctions for branches
cabang yang kualitas portofolionya tidak sesuai whose quality of its portfolio is not on target.
target.
Tabel berikut menjelaskan eksposur maksimum The following table illustrates the Company’s
sesuai dengan konsentrasi risiko kredit: maximum exposure based on credit risk
concentration:
31 Desember/December 2025
Eksposur
maksimum/
Korporasi/ Ritel/ Maximum
Corporate Retail exposure
Kas dan setara kas 1.552.212 - 1.552.212 Cash and cash equivalents
Piutang pembiayaan 3.774.549 19.600.552 23.375.101 Financing receivables
Piutang ijarah dan IMBT - 94.054 94.054 Ijarah and IMBT receivables
Aset derivatif 83.105 - 83.105 Derivative assets
Piutang karyawan - 43.778 43.778 Employee receivables
Jumlah 5.409.866 19.738.384 25.148.250 Total
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 411
Page 412
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/90 Exhibit E/90
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
1. Risiko Kredit (Lanjutan) 1. Credit Risk (Continued)
Tabel berikut menjelaskan eksposur maksimum The following table illustrates the Company’s
sesuai dengan konsentrasi risiko kredit: (Lanjutan) maximum exposure based on credit risk
concentration: (Continued)
31 Desember/December 2024
Eksposur
maksimum/
Korporasi/ Ritel/ Maximum
Corporate Retail exposure
Kas dan setara kas 1.614.126 - 1.614.126 Cash and cash equivalents
Piutang pembiayaan 3.758.108 19.069.310 22.827.418 Financing receivables
Piutang ijarah dan IMBT - 86.609 86.609 Ijarah and IMBT receivables
Aset derivatif 27.654 - 27.654 Derivative assets
Piutang karyawan - 46.352 46.352 Employee receivables
Jumlah 5.399.888 19.202.271 24.602.159 Total
Tabel berikut menjelaskan rincian aset keuangan The following table illustrates the detail of financial
Perusahaan yang dibedakan antara yang mengalami assets distinguished between those which impaired
penurunan nilai dan yang tidak: and not impaired:
31 Desember/December 2025
Tidak
mengalami Mengalami
penurunan penurunan
nilai/ nilai/ Jumlah/
Not impaired Impaired Total
Kas dan setara kas 1.552.212 - 1.552.212 Cash and cash equivalents
Piutang pembiayaan 23.014.298 360.803 23.375.101 Financing receivables
Piutang ijarah dan IMBT 93.145 909 94.054 Ijarah and IMBT receivables
Aset derivatif 83.105 - 83.105 Derivative assets
Piutang karyawan 43.778 - 43.778 Employee receivables
24.786.538 361.712 25.148.250
Dikurangi: Less:
Cadangan kerugian
Penurunan nilai (983.901) Allowance for impairment losses
Neto 24.164.349 Net
31 Desember/December 2024
Tidak
mengalami Mengalami
penurunan penurunan
nilai/ nilai/ Jumlah/
Not impaired Impaired Total
Kas dan setara kas 1.614.126 - 1.614.126 Cash and cash equivalents
Piutang pembiayaan 22.528.280 299.138 22.827.418 Financing receivables
Piutang ijarah dan IMBT 85.692 917 86.609 Ijarah and IMBT receivables
Aset derivatif 27.654 - 27.654 Derivative assets
Piutang karyawan 46.352 - 46.352 Employee receivables
24.302.104 300.055 24.602.159
Dikurangi: Less:
Cadangan kerugian
Penurunan nilai (817.616) Allowance for impairment losses
Neto 23.784.543 Net
412 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 413
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/91 Exhibit E/91
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
1. Risiko Kredit (Lanjutan) 1. Credit Risk (Continued)
Tabel berikut menjelaskan rincian aset keuangan The following table illustrates the detail of financial
Perusahaan yang dibedakan antara individual dan assets distinguished between individual and
kolektif: collective:
31 Desember/December 2025
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Kas dan setara kas 1.552.212 - 1.552.212 Cash and cash equivalents
Piutang pembiayaan 2.111 23.372.990 23.375.101 Financing receivables
Piutang ijarah dan IMBT - 94.054 94.054 Ijarah and IMBT receivables
Aset derivatif 83.105 - 83.105 Derivative assets
Piutang karyawan 43.778 - 43.778 Employee receivables
1.681.206 23.467.044 25.148.250
Dikurangi: Less:
Cadangan kerugian
Penurunan nilai (983.901) Allowance for impairment losses
Jumlah 24.164.349 Total
31 Desember/December 2024
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Kas dan setara kas 1.614.126 - 1.614.126 Cash and cash equivalents
Piutang pembiayaan 7.266 22.820.152 22.827.418 Financing receivables
Piutang ijarah dan IMBT - 86.609 86.609 Ijarah and IMBT receivables
Aset derivatif 27.654 - 27.654 Derivative assets
Piutang karyawan 46.352 - 46.352 Employee receivables
1.695.398 22.906.761 24.602.159
Dikurangi: Less:
Cadangan kerugian
Penurunan nilai (817.616) Allowance for impairment losses
Neto 23.784.543 Net
2. Risiko Pasar 2. Market Risk
Risiko pasar merupakan risiko yang terutama Market risk is the risk which is primarily caused by
berkaitan dengan perubahan tingkat suku bunga dan the changes in interest rates and exchange rate of
nilai tukar mata uang Rupiah yang akan Rupiah currency which could resulting in decrease in
menyebabkan berkurangnya pendapatan, atau revenue, or increase in cost of capital of the
bertambahnya biaya modal Perusahaan. Dengan pola Company. With the pattern of business activity
aktivitas usaha yang dijalankan Perusahaan saat ini, currently operated by the Company, the market risk
risiko pasar Perusahaan adalah minimal. Perusahaan of the Company is mitigated to the minimum level.
tidak mempunyai kegiatan usaha pembiayaan dalam The Company does not have financing transaction in
mata uang asing, sementara seluruh pinjaman luar foreign currency, while all off-shore loans of the
negeri Perusahaan dalam mata uang asing telah Company in foreign currency have been protected by
diproteksi dengan swap dalam jumlah dan tanggal entering into swap transactions at amount and
jatuh tempo yang sama dengan utangnya. Dalam hal settlement date that similar to the borrowings
suku bunga, seluruh bunga yang dibebankan ke thereof. In terms of interest rate, all interest rate
konsumen adalah suku bunga tetap (fixed interest charged to the customer is fixed interest rate, while
rate), sementara utang yang diperoleh sebagian most of the borrowings received bear fixed interest
besar juga dalam suku bunga tetap dan hanya rate, and only a small portion the borrowings bear
sebagian kecil utang dalam bentuk bunga floating interest rate.
mengambang (floating interest rate).
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 413
Page 414
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/92 Exhibit E/92
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
2. Risiko Pasar (Lanjutan) 2. Market Risk (Continued)
Manajemen risiko yang telah diterapkan oleh Risk management that has been applied by the
Perusahaan adalah sebagai berikut: Company are as follows:
Mengelola risiko perubahan nilai tukar mata Managing risks of foreign exchange rates.
uang asing.
Melakukan penelaahan atas tingkat bunga Performing review over the interest rate on
pembiayaan yang dikaitkan dengan tingkat suku financing associated with interest rate on
bunga pinjaman. borrowings.
Membatasi eksposur dalam investasi yang Limiting exposure in the investment that has
memiliki harga pasar yang fluktuatif. fluctuating market prices.
Tabel berikut menjelaskan eksposur Perusahaan The following table illustrates the Company’s
atas risiko nilai tukar mata uang asing pada tanggal exposure to foreign currency exchange rate risk as of
31 Desember 2025. Termasuk didalamnya adalah 31 December 2025. Included in the table are financial
instrumen keuangan Perusahaan pada nilai tercatat, instruments of the Company at carrying amounts,
dikategorikan berdasarkan jenis mata uang: categorised by currency:
31 Desember/December 2025
USD
(Nilai penuh)/ Nilai (Rp)/
(Full amount) Equivalent (Rp)
Liabilitas Liabilities
Pinjaman yang diterima 145.987.498 2.449.962 Fund borrowings
Beban akrual 731.739 12.280 Accrued expenses
Jumlah liabilitas 146.719.237 2.462.242 Total liabilities
Liabilitas neto Net liabilities
Kontrak valuta berjangka Foreign currency swap transactions
pertukaran mata uang asing (146.719.237) (2.462.242) contract
Eksposur neto dalam mata uang
asing - - Net exposure in foreign currency
Manajemen risiko tingkat suku bunga terhadap limit The management of interest rate risk against interest
perubahan tingkat suku bunga dilengkapi dengan rate gap limits is supplemented by monitoring the
pemantauan atas sensitivitas aset dan liabilitas sensitivity of the Company’s financial assets and
keuangan Perusahaan terhadap beberapa skenario liabilities to various standard and non-standard
suku bunga baku maupun non-baku. interest rate scenarios.
Tabel berikut menjelaskan sensitivitas atas The following table illustrates the sensitivity to a
kemungkinan perubahan tingkat suku bunga pasar, reasonably possible change in market interest rates,
dengan variabel lain dianggap tetap, terhadap with all other variables held constant, of the
pendapatan pembiayaan: financing income:
31 Desember/December
2025 2024
Pendapatan pembiayaan: Financing income:
Kenaikan suku bunga 1% Increase in interest rate by 1%
(100 basis poin) 205.677 189.224 (100 basis point)
Penurunan suku bunga 1% Decrease in interest rate by 1%
(100 basis poin) (205.677) (189.224) (100 basis point)
414 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 415
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/93 Exhibit E/93
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
2. Risiko Pasar (Lanjutan) 2. Market Risk (Continued)
Tabel berikut menjelaskan rincian aset dan liabilitas The following table illustrates the Company’s
keuangan Perusahaan yang dikelompokkan menurut financial assets and liabilities at carrying amounts,
mana yang lebih awal antara tanggal repricing atau categorized by the earlier of contractual repricing of
tanggal jatuh tempo kontraktual untuk melihat maturity dates to analyze the impact of changes in
dampak perubahan tingkat suku bunga: interest rate:
31 Desember/December 2025
Tingkat bunga
mengambang/ Tingkat bunga tetap/ Fixed rate
Floating rate
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months months months months years years Total
Financial assets
Cash and cash
Kas dan setara kas 1.552.212 - - - - - 1.552.212 equivalents
Piutang pembiayaan - - 3.935.826 7.454.445 6.639.355 5.345.475 23.375.101 Financing receivables
Piutang ijarah Ijarah and IMBT
dan IMBT - - 18.543 31.949 27.901 15.661 94.054 receivables
Jumlah aset keuangan 1.552.212 - 3.954.369 7.486.394 6.667.256 5.361.136 25.021.367 Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima 41.533 83.066 2.528.718 4.158.789 3.002.977 554.979 10.370.062 Fund borrowings
Surat berharga yang
diterbitkan - - 254.463 2.086.853 564.383 319.760 3.225.459 Securities issued
Jumlah liabilitas Total financial
keuangan 41.533 83.066 2.783.181 6.245.642 3.567.360 874.739 13.595.521 liabilities
Neto 1.510.679 (83.066 ) 1.171.188 1.240.752 3.099.896 4.486.397 11.425.846 Net
31 Desember/December 2024
Tingkat bunga
mengambang/ Tingkat bunga tetap/ Fixed rate
Floating rate
< 3 bulan/ 3-36 bulan/ < 3 bulan/ 3-12 bulan/ 1-2 tahun/ > 2 tahun/ Jumlah/
months months months months years years Total
Aset keuangan Financial assets
Cash and cash
Kas dan setara kas 1.614.126 - - - - - 1.614.126 equivalents
Piutang pembiayaan - - 3.694.927 7.440.793 6.554.615 5.137.083 22.827.418 Financing receivables
Piutang ijarah Ijarah and IMBT
dan IMBT - - 16.315 28.092 25.957 16.245 86.609 receivables
Jumlah aset keuangan 1.614.126 - 3.711.242 7.468.885 6.580.572 5.153.328 24.528.153 Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - - 2.523.012 3.991.120 3.299.175 1.009.264 10.822.571 Fund borrowings
Surat berharga yang
diterbitkan - - 225.750 481.845 1.928.856 299.426 2.935.877 Securities issued
Jumlah liabilitas Total financial
keuangan - - 2.748.762 4.472.965 5.228.031 1.308.690 13.758.448 liabilities
Neto 1.614.126 - 962.480 3.221.670 1.352.541 3.844.638 10.769.705 Net
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 415
Page 416
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/94 Exhibit E/94
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
3. Risiko Likuiditas 3. Liquidity Risk
Risiko likuiditas merupakan risiko terkait dengan Liquidity risk is the risk associated with the ability
kemampuan sumber dana Perusahaan untuk of the Company to meet its obligations when they
memenuhi liabilitasnya pada jatuh tempo. fall due.
Manajemen risiko yang diterapkan oleh Perusahaan Risk management that has been applied by the
adalah sebagai berikut: Company are as follows:
Mendapatkan pinjaman dengan skedul Obtaining borrowings with principal and
pembayaran kembali pokok dan bunga yang interest repayment schedule that aligns with
sesuai dengan periode jatuh tempo piutang, the original maturities of receivables, in order
sehingga tidak terjadi mis-match. to prevent mis-match.
Menjaga agar posisi kas dan Perusahaan selalu Maintaining the cash and bank position of the
dalam posisi likuid untuk mendukung aktivitas Company to remain in a liquid position in
pembiayaan selama minimal 7 hari. supporting the financing activities for at least
7 days.
Memonitor posisi kas dan bank Perusahaan Monitoring the cash and bank position of the
secara periodik, baik tahunan, bulanan, Company in a regular basis, whether annualy,
mingguan maupun harian, guna memastikan agar monthly, weekly or daily, to ensure that there
selalu terdapat surplus kas yang memadai. is always sufficient cash surplus.
Menjaga agar jumlah piutang yang jatuh tempo Maintaining the number of receivables due in a
pada periode tertentu lebih besar dibanding certain period higher than the debts maturing
dengan utang yang jatuh tempo pada periode in the same period.
yang sama.
Tabel berikut ini menyajikan profil perbedaan jatuh The following table presents the maturity gap
tempo atas aset dan liabilitas keuangan Perusahaan profile of the Company’s financial assets and
pada tanggal 31 Desember 2025 dan 2024: liabilities as of 31 December 2025 and 2024:
31 Desember/December 2025
Tidak
memiliki
jatuh
tempo/
Don’t
have < 1 bulan/ 1-3 bulan/ >3-12 bulan/ 1-3 tahun/ >3 tahun/ Jumlah/
maturity month months months years years Total
Aset keuangan Financial assets
Cash and cash
Kas dan setara kas 1.552.212 - - - - - 1.552.212 equivalents
Piutang pembiayaan - 1.950.597 1.985.229 7.454.445 10.116.137 1.868.693 23.375.101 Financing receivables
Piutang ijarah dan Ijarah and IMBT
IMBT - 10.299 8.244 31.949 40.401 3.161 94.054 receivables
Aset derivatif - 4.154 12.071 42.983 23.897 - 83.105 Derivative assets
Piutang karyawan - - 1.131 3.523 34.040 5.084 43.778 Employees receivables
Jumlah aset keuangan 1.552.212 1.965.050 2.006.675 7.532.900 10.214.475 1.876.938 25.148.250 Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang
diterima - 1.346.700 1.229.345 4.255.403 3.566.749 - 10.398.197 Fund borrowings
Surat berharga
yang diterbitkan - 256.000 - 2.089.300 885.700 - 3.231.000 Securities issued
Beban bunga yang Accrued interest
masih
harus dibayar - 43.629 - - - - 43.629 expenses
Utang kepada supplier - 124.218 - - - - 124.218 Payable to suppliers
Insurance premium
Utang premi asuransi - - 45.539 - - - 45.539 payables
Jumlah liabilitas
keuangan - 1.770.547 1.274.884 6.344.703 4.452.449 - 13.842.583 Total financial liabilities
Perbedaan jatuh tempo 1.552.212 194.503 731.791 1.188.197 5.762.026 1.876.938 11.305.667 Difference in maturity
416 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 417
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/95 Exhibit E/95
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
3. Risiko Likuiditas (Lanjutan) 3. Liquidity Risk (Continued)
Tabel berikut ini menyajikan profil perbedaan jatuh The following table presents the maturity gap
tempo atas aset dan liabilitas keuangan Perusahaan profile of the Company’s financial assets and
pada tanggal 31 Desember 2025 dan 2024: (Lanjutan) liabilities as of 31 December 2025 and 2024:
(Continued)
31 Desember/December 2024
Tidak
memiliki
jatuh
tempo/
Don’t
have < 1 bulan/ 1-3 bulan/ >3-12 bulan/ 1-3 tahun/ >3 tahun/ Jumlah/
maturity month months months years years Total
Aset keuangan Financial assets
Cash and cash
Kas dan setara kas 1.614.126 - - - - - 1.614.126 equivalents
Piutang pembiayaan - 1.833.406 1.861.521 7.440.793 9.986.984 1.704.714 22.827.418 Financing receivables
Piutang ijarah dan Ijarah and IMBT
IMBT - 9.088 7.227 28.092 39.207 2.995 86.609 receivables
Aset derivatif - 1.054 2.893 9.924 13.783 - 27.654 Derivative assets
Piutang karyawan - 1.521 1.466 6.162 36.415 788 46.352 Employees receivables
Jumlah aset keuangan 1.614.126 1.845.069 1.873.107 7.484.971 10.076.389 1.708.497 24.602.159 Total financial assets
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - 1.406.822 1.122.068 4.005.633 4.323.497 339 10.858.359 Fund borrowings
Surat berharga
yang diterbitkan - 227.000 - 485.000 2.231.000 - 2.943.000 Securities issued
Beban bunga yang masih Accrued interest
harus dibayar - 56.864 - - - - 56.864 expenses
Utang kepada supplier - 142.110 - - - - 142.110 Payable to suppliers
Insurance premium
Utang premi asuransi - - 59.674 - - - 59.674 payables
Jumlah liabilitas keuangan - 1.832.796 1.181.742 4.490.633 6.554.497 339 14.060.007 Total financial liabilities
Perbedaan jatuh tempo 1.614.126 12.273 691.365 2.994.338 3.521.892 1.708.158 10.542.152 Difference in maturity
4. Risiko Operasional 4. Operational Risk
Risiko operasional adalah risiko yang berpotensi Operational risk is the risk that could potentially
menyebabkan kerugian operasional karena kesalahan cause an operating loss due to employee error
karyawan baik yang disengaja maupun tidak; whether intentional or not; system failures and
kegagalan sistem dan proses operasional serta tidak operational processes as well as the malfunction of
berfungsinya sistem pengendalian internal dalam the internal control system in the day-to-day
operasional Perusahaan sehari-hari. operations.
Manajemen risiko yang diterapkan oleh Perusahaan Risk management that has been applied by the
adalah sebagai berikut: Company are as follows:
Menerapkan sistem yang tersentralisasi sehingga Implementing a centralized system in order
proses bisnis dapat terkontrol secara sistem dan that business processes can be controlled by the
dimonitor dari waktu ke waktu. system and monitored from time to time.
Menyiapkan backup dan Disaster Recovery Plan Preparing backup and Disaster Recovery Plan
yang memadai bila terjadi hal-hal yang tidak that is sufficient whenever unexpected event
diinginkan atas sistem aplikasi utama Perusahaan, or condition occur towards the Company’s
baik dari sisi hardware dan software. major application systems, both in terms of
hardware and software.
Menerapkan sistem audit kepatuhan yang Implementing a sustainable compliance audit
berkelanjutan, baik di kantor cabang maupun system, both in branch offices or headquarters.
kantor pusat.
Menerapkan aturan kerja yang jelas (SOP) dan Implementing a clear code of conduct (SOP) and
sanksi yang tegas atas penyimpangan yang strict sanctions for irregularities that occurred,
terjadi, sesuai dengan tingkat kesalahan yang according to level of error identified.
ditemukan.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 417
Page 418
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/96 Exhibit E/96
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
4. Risiko Operasional (Lanjutan) 4. Operational Risk (Continued)
Manajemen risiko yang diterapkan oleh Perusahaan Risk management that has been applied by the
adalah sebagai berikut: (Lanjutan) Company are as follows: (Continued)
Adanya penanaman nilai-nilai dasar Promoting the Company's core values to
Perusahaan sejak dini kepada karyawan, sehingga employees since the early stage, in order to
dapat menghindarkan/mengurangi potensi avoid/reduce the potential for irregularities.
penyimpangan.
Adanya penilaian kinerja yang fair dan transparan Fair and transparent performance appraisal
serta adanya kesempatan untuk pengembangan and opportunities for career development.
karir.
Dalam rangka meningkatkan keamanan pusat data In order to improve data center and network
dan jaringan serta dengan semakin kompleksnya security as well as the increasingly complex
sistem informasi dan digitalisasi yang digunakan, information and digitalization systems used, the
Perusahaan telah melakukan berbagai identifikasi dan Company has carried out various identification
mitigasi risiko terkait dengan Teknologi Informasi dan and risk mitigation related to Information
Digitalisasi, antara lain sebagai berikut: Technology and Digitalization, including the
following:
Dibentuknya komite pengarah Teknologi Informasi Establishment of an Information Technology
(IT Steering Committee). steering committee (IT Steering Committee).
Penetapan rencana strategis TI yang termasuk Determination of an IT strategic plan that
peningkatan keamanan cyber yang searah dengan includes cyber security improvement in line
rencana strategis kegiatan usaha Perusahaan. with the strategic plan of the Company's
business activities.
Standardisasi penerapan dan pengelolaan Standardization of implementation and
perangkat jaringan komunikasi dan sistem data management of communication network
dan aplikasi; termasuk pengelolaan kewenangan devices and data systems and applications;
akses sistem, dan peremajaan secara berkala. including management of system access
authority, and regular renewal.
Penerapan pengembangan sistem aplikasi dengan Implementation of application system
model Secured Software Development Life Cycle development using the Secured Software
(S-SDLC). Development Life Cycle (S-SDLC) model.
Pelaksanaan Penetration Test dan Vulnerability Implementation of Penetration Tests and
Assessment (VA) untuk menguji keamanan dan Vulnerability Assessments (VA) to test the
kehandalan sistem aplikasi dan jaringan informasi security and reliability of application systems
dari potensi serangan cyber. and information networks from potential
cyber attacks.
5. Risiko Permodalan 5. Capital Risk
Tujuan Perusahaan dan Entitas Anaknya dalam The Company and Its Subsidiary’s objective in
mengelola permodalannya adalah menjaga managing its capital is to keep the Company’s
kelangsungan usaha Perusahaan untuk dapat capability in maintaining its going concern, so the
memberikan hasil kepada pemegang saham dan Company could distribute the return to
manfaat kepada pemangku kepentingan lainnya, dan shareholders, and maintain the optimization of
memelihara optimalisasi struktur permodalan untuk capital structure to reduce the cost of capital.
mengurangi biaya modal (cost of capital).
Dalam rangka memelihara atau menyesuaikan In order to maintain or adjust the capital
struktur permodalan, Perusahaan dapat structure, the Company may adjust the amount of
menyesuaikan jumlah dividen yang dibayarkan dividends paid to shareholders, return for the
kepada pemegang saham, imbalan hasil modal results of capital to shareholders or issue new
kepada pemegang saham atau menerbitkan saham shares to reduce lending.
baru untuk mengurangi pinjaman.
418 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 419
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/97 Exhibit E/97
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
MANAJEMEN RISIKO (Lanjutan) RISK MANAGEMENT (Continued)
c. Proses dan penilaian risiko (Lanjutan) c. Process and risk assessments (Continued)
5. Risiko Permodalan (Lanjutan) 5. Capital Risk (Continued)
Konsisten dengan pelaku industri lainnya, Perusahaan Consistent with other players in the industry, the
dan Entitas Anaknya memonitor permodalan Company and Its Subsidiary monitor capital on the
berdasarkan gearing ratio. Rasio ini dihitung dari nilai basis of the gearing ratio. This ratio is calculated as
neto pinjaman (termasuk obligasi dan medium-term net debt (including bonds payable and medium-
notes) dibagi dengan jumlah modal. Jumlah modal terms notes) divided by total capital. Total capital
diambil dari ekuitas yang tercantum dalam laporan is calculated as equity as shown in the statements of
posisi keuangan. financial position.
Berdasarkan Peraturan Menteri Keuangan Republik Based on Minister of Finance of the Republic of
Indonesia No. 84/PMK.012/2006 tanggal Indonesia Regulation No. 84/PMK.012/2006 dated
26 September 2006 tentang Perusahaan Pembiayaan, 26 September 2006 regarding Multifinance
juncto POJK 35/POJK.5/2018, jumlah maksimum Company, in conjunction with OJK Regulation
gearing ratio adalah sebesar 10 kali dari total modal. No.35/POJK.5/2018, the maximum gearing ratio is
10 times from total capital.
Struktur Modal Perusahaan/
Company’s Capital Structure
31 Desember/December
Keterangan PMK84/PMK.012/2006 2025 2024 Description
Modal Disetor Minimal Rp 100 miliar/ Paid- up Capital
(dalam miliar Rupiah) Minimum Rp 100 billion 376 399 (in billion Rupiah)
Rasio Utang Terhadap Maksimum 10x/
Ekuitas Maximum 10x 1,3 1,4 Debt to Equity Ratio
Pada tanggal 31 Desember 2025 dan 2024, tingkat rasio As of 31 December 2025 and 2024, debt-to-equity
utang terhadap ekuitas Perusahaan masing-masing ratio level of the Company was healthy at 1.3 times
berada pada kondisi sehat, yaitu 1,3 kali dan 1,4 kali. and 1.4 times, respectively.
RASIO KEUANGAN YANG RELEVAN RELEVANT FINANCIAL RATIOS
Berdasarkan POJK No. 35/POJK.05/2018 tanggal Based on POJK No.35/POJK.05/2018 dated 31 December
31 Desember 2018 tentang Penyelenggaraan Usaha 2018 regarding the Organisation of Financing Company
Perusahaan Pembiayaan, Perusahaan diharuskan untuk Business, the Company is required to comply with several
mematuhi sejumlah rasio keuangan tertentu. Rasio-rasio ini financial ratios. These ratios have been prepared by the
dibuat oleh Perusahaan berdasarkan formula sebagaimana Company based on the formula as prescribed in the said OJK
ditentukan dalam peraturan OJK untuk tujuan kepatuhan regulation for regulatory compliance purposes, where such
terhadap peraturan, dimana rasio tersebut dapat berbeda ratios may differ had the ratios been computed based on
jika rasio tersebut dihitung berdasarkan Standar Akuntansi Indonesian Financial Accounting Standards.
Keuangan Indonesia
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 419
Page 420
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/98 Exhibit E/98
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. INFORMASI TAMBAHAN YANG TIDAK DIPERSYARATKAN 35. ADDITIONAL INFORMATION THAT IS NOT REQUIRED BY
OLEH STANDAR AKUNTANSI KEUANGAN INDONESIA INDONESIAN ACCOUNTING STANDARDS (Continued)
(Lanjutan)
RASIO KEUANGAN YANG RELEVAN (Lanjutan) RELEVANT FINANCIAL RATIOS (Continued)
Tabel berikut menyajikan rasio–rasio keuangan Perusahaan The following table sets out the Company financial
berdasarkan peraturan OJK pada tanggal 31 Desember 2025 ratios based on OJK Regulation as of 31 December 2025 and
dan 2024: 2024:
Ketentuan
OJK/POJK 31 Desember/ December
No. Rasio Requirement 2025 2024 Ratio
1 Rasio Saldo Piutang Pembiayaan Financing-to-Assets Ratio
Neto terhadap Total Aset >= 40% 88,27% 87,96% (FAR)
2 Rasio Saldo Piutang Pembiayaan
Neto terhadap Total Pinjaman >= 50%* 165,39% 160,60% Financing to Debt Ratio
3 Rasio Saldo Piutang Pembiayaan
Investasi dan Pembiayaan Modal Investment and Working
Kerja terhadap Total Saldo Piutang Capital Financing to Total
Pembiayaan >= 10% 72,33% 77,36% Financing Ratio
4 Rasio Piutang Pembiayaan
Bermasalah (Non-Performing Non-Performing Financing
Financing)- bruto <= 5% 1,39% 1,25% Ratio - gross
5 Rasio Piutang Pembiayaan
Bermasalah (Non-Performing Non-Performing Financing
Financing) - neto <= 5% 0,22% 0,21% Ratio - net
6 Rasio Permodalan >= 10% 68,30% 67,24% Capital Ratio
7 Gearing Ratio <= 10 x 1,28 x 1,35 x Gearing Ratio
8 Rasio Modal Sendiri terhadap Equity-to-Paid-up-Capital
Modal Disetor (MSMD) >= 50% 2833,44% 2550,66% Ratio
*) Target yang ditetapkan manajemen sesuai ketentuan *)The target set by management is in accordance with
POJK No.35/POJK.05/2018 POJK No.35/POJK.05/2018
36. ASET DAN LIABILITAS KEUANGAN 36. FINANCIAL ASSETS AND LIABILITIES
Nilai wajar aset keuangan dan liabilitas keuangan Fair value of financial assets and financial liabilities
Pada tabel berikut ini, instrumen keuangan telah In the following table, financial instrument have been
dialokasikan berdasarkan klasifikasinya. Kebijakan akuntansi allocated based on their respective. Significant accounting
penting pada Catatan 2d menjelaskan bagaimana setiap policies in Note 2d describes how each category of financial
kategori aset keuangan dan liabilitas keuangan diukur dan assets and financial liabilities are measured and how
bagaimana pendapatan dan beban, termasuk keuntungan revenue and expenses, including gains and losses (changes
dan kerugian (perubahan nilai wajar instrumen keuangan) in fair value of financial instruments) in the fair value is
atas nilai wajar diakui. recognized.
Pengelompokan aset keuangan telah diklasifikasikan menjadi The classification of financial assets has been classified as
aset keuangan yang diukur pada nilai wajar melalui laporan financial assets measured at fair value through profit and
laba rugi, dan pinjaman yang diberikan dan piutang. loss, and loans and receivables. So with the financial
Demikian halnya dengan liabilitas keuangan telah liabilities has been classified as financial liabilities
diklasifikasikan sebagai liabilitas keuangan yang diukur pada measured at amortized cost.
biaya perolehan diamortisasi.
420 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 421
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/99 Exhibit E/99
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
36. ASET DAN LIABILITAS KEUANGAN (Lanjutan) 36. FINANCIAL ASSETS AND LIABILITIES (Continued)
Nilai wajar aset keuangan dan liabilitas keuangan Fair value of financial assets and financial liabilities
(Lanjutan) (Continued)
Tabel berikut menyajikan nilai tercatat dan nilai wajar dari The following table sets out the carrying value and fair
aset keuangan dan liabilitas keuangan Perusahaan pada value of financial assets and financial liabilities as of
tanggal 31 Desember 2025 dan 2024: 31 December 2025 and 2024:
Aset/ Assets Liabilitas/ Liabilities
Diukur pada
nilai wajar
Diukur pada melalui Diukur pada
nilai wajar penghasilan nilai wajar
melalui komprehensif melalui
laporan laba lain/ Fair laporan laba
rugi/ Fair value through rugi/ Fair
value through other Biaya perolehan value through Biaya perolehan
profit and comprehensive diamortisasi/ profit and diamortisasi/
31 Desember 2025 loss income Amortized cost loss Amortized cost 31 December 2025
Aset keuangan Financial assets
Kas dan setara kas - - 1.552.212 - - Cash and cash equivalents
Piutang pembiayaan - neto - - 22.394.470 - - Financing receivables - net
Piutang ijarah dan IMBT– neto - - 90.784 - - Ijarah and IMBT receivables - net
Aset derivatif 83.105 - - - - Derivative assets
Piutang lain - lain - - 43.778 - - Other receivables
Jumlah 83.105 - 24.081.244 - - Total
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - - - - 10.370.062 Fund borrowings
Surat berharga
yang diterbitkan - - - - 3.225.459 Securities issued
Beban akrual - - - - 276.307 Accrued expenses
Utang lain-lain - - - - 589.476 Other payables
Jumlah - - - - 14.461.304 Total
Aset/ Assets Liabilitas/ Liabilities
Diukur pada
nilai wajar
Diukur pada melalui Diukur pada
nilai wajar penghasilan nilai wajar
melalui komprehensif melalui
laporan laba lain/ Fair laporan laba
rugi/ Fair value through rugi/ Fair
value through other Biaya perolehan value through Biaya perolehan
profit and comprehensive diamortisasi/ profit and diamortisasi/
31 Desember 2024 loss income Amortized cost loss Amortized cost 31 December 2024
Aset keuangan Financial assets
Kas dan setara kas - - 1.614.126 - - Cash and cash equivalents
Piutang pembiayaan - neto - - 22.012.814 - - Financing receivables - net
Piutang ijarah dan IMBT– neto - - 83.597 - - Ijarah and IMBT receivables - net
Aset derivatif 27.654 - - - - Derivative assets
Piutang lain - lain - - 46.352 - - Other receivables
Jumlah 27.654 - 23.756.889 - - Total
Liabilitas keuangan Financial liabilities
Pinjaman yang diterima - - - - 10.822.571 Fund borrowings
Surat berharga
yang diterbitkan - - - - 2.935.877 Securities issued
Beban akrual - - - - 301.576 Accrued expenses
Utang lain-lain - - - - 552.792 Other payables
Jumlah - - - - 14.612.816 Total
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 421
Page 422
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/100 Exhibit E/100
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
36. ASET DAN LIABILITAS KEUANGAN (Lanjutan) 36. FINANCIAL ASSETS AND LIABILITIES (Continued)
Nilai wajar aset keuangan dan liabilitas keuangan Fair value of financial assets and financial liabilities
(Lanjutan) (Continued)
Metode dan asumsi yang digunakan untuk estimasi nilai The following methods and assumptions are used to
wajar adalah sebagai berikut: estimate the fair value:
Nilai wajar kas dan setara kas, deposito berjangka, The fair values of cash and cash equivalents, time
beban akrual dan utang lain-lain mendekati nilai deposit, accrued expenses and other payables
tercatat karena jangka waktu jatuh tempo yang singkat approximate their carrying amounts largerly due to
atas instrumen keuangan tersebut. short-term maturities of these instruments.
Estimasi nilai wajar terhadap pinjaman yang diterima The estimated fair value of fund borrowings not
yang tidak memiliki kuotasi di pasar aktif ditetapkan quoted in an active market is based on discounted cash
berdasarkan diskonto arus kas dengan menggunakan suku flows using interest rates for new debts with similar
bunga utang baru dengan sisa jatuh tempo yang serupa. remaining maturity. The fair value of floating rate
Nilai wajar pinjaman yang diterima dengan tingkat suku fund borrowings approximate their carrying amounts
bunga mengambang mendekati nilai tercatatnya karena because the interest rate is repriced frequently.
tingkat suku bunganya sering ditinjau ulang.
Piutang pembiayaan dan aset lain-lain dinyatakan Financing receivables and other assets are recorded at
berdasarkan jumlah nilai tercatat setelah dikurangi oleh carrying amount net of charges for impairment. The
beban penurunan nilai. Estimasi nilai wajar estimated fair value represents the discounted amount
mencerminkan jumlah diskonto dari estimasi kini dari of estimated future cash flows expected to be
arus kas masa depan yang diharapkan akan diterima. received. Expected cash flows are discounted at
Arus kas yang diharapkan didiskontokan pada tingkat current market rates to determine fair value.
suku bunga pasar terkini untuk menentukan nilai wajar.
Nilai wajar untuk aset keuangan derivatif ditetapkan The fair value for derivative financial assets is based
menggunakan harga pasar. on market rates.
Nilai wajar agregat untuk surat berharga yang The aggregate fair values securities issued is
diterbitkan dihitung berdasarkan harga pasar kuotasi. calculated based on quoted market prices. For those
Jika informasi ini tidak tersedia, model diskonto arus kas notes where quoted market prices are not available, a
digunakan berdasarkan kurva yield terkini yang sesuai discounted cash flow model is used based on a current
dengan sisa periode jatuh temponya. yield curve appropriate for the remaining term of
maturity.
PSAK 113, “Pengukuran Nilai Wajar” mensyaratkan SFAS 113, “Fair Value Measurement” requires disclosure of
pengungkapan atas pengukuran nilai wajar dengan tingkat fair value measurements by level of the following fair
hirarki nilai wajar sebagai berikut: value measurement hierarchy:
(a) harga kuotasian (tidak disesuaikan) dalam pasar aktif (a) quoted prices (unadjusted) in active markets for
untuk aset atau liabilitas yang identik (tingkat 1); identical assets or liabilities (level 1);
(b) input selain harga kuotasian yang termasuk dalam (b) inputs other than quoted prices included within level 1
tingkat 1 yang dapat diobservasi untuk aset atau that are observable for the asset or liability, either
liabilitas, baik secara langsung (misalnya harga) atau directly (as prices) or indirectly (derived from prices)
secara tidak langsung (misalnya derivasi dari harga) (level 2); and
(tingkat 2); dan
(c) input untuk aset atau liabilitas yang bukan berdasarkan (c) inputs for the asset or liability that are not based on
data pasar yang dapat diobservasi (input yang tidak observable market data (unobservable inputs)
dapat diobservasi) (tingkat 3). (level 3).
Aset keuangan Perusahaan yang diukur dan diakui pada nilai The Company’s financial assets that are measured and
wajar (tingkat 2) adalah aset keuangan derivatif. recognised at fair value (level 2) are derivative financial
assets.
422 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 423
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Consolidated Financial Statements are Originally Issued
in Indonesian Language
Ekshibit E/101 Exhibit E/101
PT BFI FINANCE INDONESIA Tbk DAN ENTITAS ANAKNYA PT BFI FINANCE INDONESIA Tbk AND ITS SUBSIDIARY
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
37. PERISTIWA SETELAH PERIODE PELAPORAN 37. EVENTS AFTER THE REPORTING PERIOD
Perseroan telah melakukan pelunasan Obligasi The Company has paid off its Continuous Bonds V
Berkelanjutan V Tahap III Tahun 2023 Seri C dengan Phase III Year 2023 Series C with a maturity date of
waktu jatuh tempo pada tanggal 27 Januari 2026 dan 27 January 2026 and paid off on 26 January 2026.
dilunaskan pada tanggal 26 Januari 2026.
Berdasarkan Keputusan Para Pemegang Saham di Luar Based on the Shareholders' Decision Outside the
Rapat (Sirkuler) tanggal 14 Januari 2026, para pemegang Meeting (Circular) dated 14 January 2026, the
saham PT FIT menyetujui penghentian kegiatan usaha shareholders of PT FIT agreed to terminate business
sebagai Penyelenggara Layanan Pendanaan Bersama activities as an Information Technology-Based Joint
Berbasis Teknologi Informasi (LPBBTI) serta telah Funding Service Provider (LPBBTI) and have submitted
mengajukan permohonan pencabutan izin usaha sebagai an application for revocation of the business license
Penyelenggara LPBBTI kepada OJK melalui surat as the LPBBTI Provider to OJK through a letter dated
tertanggal 20 Januari 2026. 20 January 2026.
38. INFORMASI KEUANGAN ENTITAS INDUK 38. PARENT ENTITY FINANCIAL INFORMATION
Informasi keuangan entitas induk hanya menyajikan The parent entity’s financial information comprises the
informasi laporan posisi keuangan, laporan laba rugi dan parent only’s statement of financial position, statement of
penghasilan komprehensif lain, laporan ekuitas dan laporan profit or loss and other comprehensive income, statement
arus kas tersendiri yang disajikan pada Ekshibit F/1 sampai of changes in equity and statement of cash flows. The
dengan F/7, dengan penyajian investasi Perusahaan pada parent entity’s financial information presented in Exhibit
entitas anak berdasarkan metode biaya. F/1 to F/7, which present the Company’s investment in
subsidiaries under cost method.
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 423
Page 424
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/1 Exhibit F/1
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN POSISI KEUANGAN TERSENDIRI SEPARATE STATEMENT OF FINANCIAL POSITION
PER 31 DESEMBER 2025 AS OF 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/December
2025 2024
ASET ASSETS
KAS DAN SETARA KAS 1.541.341 1.603.998 CASH AND CASH EQUIVALENTS
PIUTANG PEMBIAYAAN FINANCING RECEIVABLES
– setelah dikurangi cadangan kerugian – net of allowance for impairment
penurunan nilai sebesar Rp 980.631 losses of Rp 980,631 and
dan Rp 814.604 pada tanggal Rp 814,604 as of
31 Desember 2025 dan 2024 22.394.470 22.012.814 31 December 2025 and 2024
PIUTANG IJARAH DAN IMBT IJARAH AND IMBT RECEIVABLES
– setelah dikurangi cadangan kerugian – net of allowance for impairment
penurunan nilai sebesar Rp 3.270 losses of Rp 3,270 and
dan Rp 3.012 pada tanggal Rp 3,012 as of
31 Desember 2025 dan 2024 90.784 83.597 31 December 2025 and 2024
PIUTANG LAIN-LAIN – PIHAK KETIGA 314.261 292.501 OTHER RECEIVABLES – THIRD PARTIES
ASET TETAP FIXED ASSETS
– setelah dikurangi akumulasi penyusutan - net of accumulated depreciation of
sebesar Rp 767.556 dan Rp 693.621 pada Rp 767,556 and Rp 693,621 as of
tanggal 31 Desember 2025 dan 2024 667.620 671.769 31 December 2025 and 2024
BEBAN DIBAYAR DI MUKA DAN PREPAID EXPENSES AND
UANG MUKA 25.156 20.017 ADVANCES
INVESTASI SAHAM - NETO 44.550 74.250 INVESTMENT IN SHARES OF STOCK
ASET DERIVATIF 83.105 27.654 DERIVATIVE ASSETS
ASET HAK-GUNA RIGHT-OF-USE ASSETS
- setelah dikurangi akumulasi penyusutan - net of accumulated depreciation of
sebesar Rp 32.161 dan Rp 33.420 pada Rp 32,161 and Rp 33,420 as of
tanggal 31 Desember 2025 dan 2024 44.877 42.188 31 December 2025 and 2024
ASET TAK BERWUJUD INTANGIBLE ASSETS
– setelah dikurangi akumulasi amortisasi - net of accumulated amortization of
sebesar Rp 264.538 dan Rp 209.369 pada Rp 264,538 and Rp 209,369 as of
tanggal 31 Desember 2025 dan 2024 137.139 177.218 31 December 2025 and 2024
ASET PAJAK TANGGUHAN 152.359 144.583 DEFERRED TAX ASSETS
ASET LAIN-LAIN 1.768 1.420 OTHER ASSETS
JUMLAH ASET 25.497.430 25.152.009 TOTAL ASSETS
424 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 425
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/2 Exhibit F/2
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN POSISI KEUANGAN TERSENDIRI SEPARATE STATEMENT OF FINANCIAL POSITION
PER 31 DESEMBER 2025 AS OF 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/December
2025 2024
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Pinjaman yang diterima 10.370.062 10.822.571 Fund borrowings
Surat berharga yang diterbitkan Securities issued
- setelah dikurangi biaya emisi surat - net of unamortized securities
berharga yang belum diamortisasi issuance cost of
sebesar Rp 5.541 dan Rp 7.123 pada Rp 5,541 and Rp 7,123 as of
tanggal 31 Desember 2025 dan 2024 3.225.459 2.935.877 31 December 2025 and 2024
Beban akrual 274.980 298.834 Accrued expenses
Utang dividen 2.608 1.973 Dividend payables
Utang pajak 183.766 173.087 Taxes payable
Utang lain-lain – Pihak ketiga 587.114 549.250 Other payables – Third parties
Liabilitas imbalan kerja 169.164 148.009 Employee benefit liabilities
JUMLAH LIABILITAS 14.813.153 14.929.601 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan Equity attributable to owners
kepada pemilik entitas induk of the parent
Modal saham - nilai nominal Share capital – par value of
Rp 25 (nilai penuh) per saham Rp 25 (full amount) per share
Modal dasar - Authorized capital –
20.000.000.000 saham 20,000,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid capital -
penuh – 15.039.383.620 saham dan 15,039,383,620 shares and
15.967.115.620 saham pada 15,967,115,620 shares as of
tanggal 31 Desember 2025 dan 2024 375.985 399.178 31 December 2025 and 2024
Tambahan modal disetor - neto 399.695 609.459 Additional paid-in capital – net
Saham treasuri (147.314) (232.957) Treasury stock
Penghasilan komprehensif lain Other comprehensive income
Kerugian kumulatif atas Cummulative loss on derivative
instrumen derivatif untuk lindung nilai instrument for cash flows
arus kas – neto (29.734) (65.416) hedges – net
Keuntungan pengukuran kembali Gain on remeasurement of
program aktuarial manfaat pasti 76.927 74.443 defined benefit actuarial program
Saldo laba Retained earnings
Telah ditentukan penggunaannya 130.000 125.000 Appropriated
Belum ditentukan penggunaannya 9.878.718 9.312.701 Unappropriated
JUMLAH EKUITAS 10.684.277 10.222.408 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 25.497.430 25.152.009 TOTAL LIABILITIES AND EQUITY
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk 425
Page 426
2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/3 Exhibit F/3
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN LABA RUGI DAN PENGHASILAN SEPARATE STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN TERSENDIRI AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/December
2025 2024
PENDAPATAN INCOME
Piutang pembiayaan 6.267.338 5.865.668 Financing receivables
Keuangan 42.508 53.882 Finance
Syariah 163.741 146.520 Sharia
Lain-lain 263.401 250.272 Others
Jumlah Pendapatan 6.736.988 6.316.342 Total Income
BEBAN EXPENSES
Gaji dan tunjangan (1.498.497) (1.502.447) Salaries and benefits
Beban bunga dan keuangan (939.515 ) (930.537 ) Interest and finance charges
Umum dan administrasi (884.372 ) (859.237 ) General and administrative
Cadangan kerugian penurunan nilai Provision for impairment losses
Piutang pembiayaan (1.087.388 ) (845.785 ) Financing receivables
Piutang ijarah dan IMBT (3.994 ) (4.551 ) Ijarah and IMBT receivables
Lain-lain (366.864) (229.557) Others
Jumlah Beban (4.780.630) (4.372.114) Total Expenses
LABA SEBELUM PAJAK 1.956.358 1.944.228 PROFIT BEFORE TAX
Beban Pajak (384.352) (365.873) Tax Expenses
LABA TAHUN BERJALAN 1.572.006 1.578.355 PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME
Pos-pos yang akan Items that will be
direklasifikasi ke laba rugi reclassified to profit or loss
Bagian efektif atas perubahan Effective portion of the fair
nilai wajar instrumen derivatif - value change of the derivative
lindung nilai arus kas 44.052 (81.583) instrument - cash flow hedge
Pajak penghasilan terkait (8.370) 15.501 Related income tax
35.682 (66.082)
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi reclassified to profit or loss
Skema pengukuran
kembali imbalan Remeasurement of
manfaat pasti 3.067 12.764 defined benefit schemes
Pajak penghasilan terkait (583) (2.425) Related income tax
2.484 10.339
JUMLAH PENGHASILAN (KERUGIAN) TOTAL OTHER COMPREHENSIVE
KOMPREHENSIF LAIN – Setelah Pajak 38.166 (55.743) INCOME (LOSS) – Net of Tax
JUMLAH LABA KOMPREHENSIF TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN 1.610.172 1.522.612 FOR THE YEAR
LABA PER SAHAM DASAR BASIC EARNINGS PER SHARE
(nilai penuh) 102 105 (full amount)
426 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
Page 427
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/4 Exhibit F/4
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
Governance
(ENTITAS INDUK) (PARENT ENTITY)
Good Corporate
LAPORAN PERUBAHAN EKUITAS TERSENDIRI SEPARATE STATEMENT OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan
(kerugian) Keuntungan
kumulatif atas pengukuran
instrumen kembali
derivatif untuk program
lindung nilai aktuarial
Tambahan arus kas - neto/ manfaat pasti/
modal Cumulative Gain on
Sustainability
disetor gain (loss) on remeasurement Saldo laba/Retained earnings
Modal - neto/ Saham derivative of defined Telah Belum Jumlah
saham/ Additional treasuri/ instrument benefit ditentukan ditentukan ekuitas/
Share paid-in Treasury for cash flows actuarial penggunaannya/ penggunaannya/ Total
capital capital - net stock hedges - net program Appropriated Unappropriated equity
Saldo per 31 Desember 2024 399.178 609.459 (232.957) (65.416) 74.443 125.000 9.312.701 10.222.408 Balance as of 31 December 2024
Jumlah penghasilan
Komprehensif tahun Total comprehensive
berjalan income for the year
Laba tahun berjalan - - - - - - 1.572.006 1.572.006 Profit for the year
Penghasilan
komprehensif lain, Other comprehensive
setelah pajak: income, net of tax:
Corporate Data
Bagian yang efektif dari Effective portion
lindung nilai arus kas - - - 35.682 - - - 35.682 of cash flows hedges
Keuntungan pengukuran kembali Gain on remeasurement of defined
program aktuarial manfaat pasti - - - - 2.484 - - 2.484 benefit actuarial program
- - - 35.682 2.484 - 1.572.006 1.610.172
Pengurangan modal Reduction of issued and paid-in
ditempatkan dan disetor (23.193) (209.764) 232.957 - capital
Pembelian saham treasuri (147.314) (147.314) Purchase of treasury stock
Penyisihan saldo laba Appropriation for
untuk cadangan umum - - - - - 5.000 (5.000) - general reserve
Statements
Dividen kas tahun 2024 - - - --- - - (481.260) (481.260) Cash dividend of 2024
Annual Financial
Dividen kas interim Interim cash dividend
tahun berjalan - - - - - - (519.729) (519.729) for the year
Saldo per 31 Desember 2025 375.985 399.695 (147.314) (29.734) 76.927 130.000 9.878.718 10.684.277 Balance as of 31 December 2025
Appendices
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
427
Page 428
428
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/5 Exhibit F/5
About This Report
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN PERUBAHAN EKUITAS TERSENDIRI SEPARATE STATEMENT OF CHANGES IN EQUITY
UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2025 FOR THE YEAR ENDED 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Highlights
Keuntungan
(kerugian) Keuntungan
kumulatif atas pengukuran
instrumen kembali
2025 Performance
derivatif untuk program
lindung nilai aktuarial
Tambahan arus kas - neto/ manfaat pasti/
modal Cumulative Gain on
2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
disetor gain (loss) on remeasurement Saldo laba/Retained earnings
Modal - neto/ Saham derivative of defined Telah Belum Jumlah
saham/ Additional treasuri/ instrument benefit ditentukan ditentukan ekuitas/
Share paid-in Treasury for cash flows actuarial penggunaannya/ penggunaannya/ Total
capital capital - net stock hedges - net program Appropriated Unappropriated equity
Saldo per 31 Desember 2023 399.178 609.459 (232.957) 666 64.104 120.000 8.566.512 9.526.962 Balance as of 31 December 2023
Jumlah penghasilan
komprehensif Total comprehensive
tahun berjalan income for the year
Laba tahun berjalan - - - - - - 1.578.355 1.578.355 Profit for the year
Reports to Stakeholders
Penghasilan
komprehensif lain, Other comprehensive
setelah pajak: income, net of tax:
Bagian yang efektif dari Effective portion
lindung nilai arus kas - - - (66.082) - - - (66.082) of cash flows hedges
Keuntungan pengukuran kembali Gain on remeasurement of defined
program aktuarial manfaat pasti - - - - 10.339 - - 10.339 benefit actuarial program
- - - (66.082) 10.339 - 1.578.355 1.522.612
Penyisihan saldo laba Appropriation for
untuk cadangan umum - - - - - 5.000 (5.000) - general reserve
Dividen kas tahun 2023 - - - --- - - (406.063) (406.063) Cash dividend of 2023
Company Profile
Dividen kas interim Interim cash dividend
tahun berjalan - - - - - - (421.103) (421.103) for the year
Saldo per 31 Desember 2024 399.178 609.459 (232.957) (65.416) 74.443 125.000 9.312.701 10.222.408 Balance as of 31 December 2024
and Analysis
Management Discussion
Page 429
Good Corporate Annual Financial
Sustainability Corporate Data Appendices
Governance Statements
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/6 Exhibit F/6
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA Tbk
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN ARUS KAS TERSENDIRI SEPARATE STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/December
2025 2024
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan kas dari: Cash received from:
Transaksi pembiayaan 25.705.414 25.033.462 Financing transactions
Pembiayaan bersama 3.006.386 1.300.820 Joint financing
Penghasilan jasa giro dan deposito Interest income from current
berjangka 42.981 54.896 accounts and time deposits
Lain-lain 234.818 245.700 Others
Pengeluaran kas untuk: Cash disbursement for:
Transaksi pembiayaan baru (22.497.270) (22.058.860) New financing transactions
Beban umum dan administrasi (2.179.484) (2.212.956) General and administrative
Pembiayaan bersama (1.408.874) (569.884) Joint financing
Beban bunga dan keuangan (1.096.881) (986.943) Interest and finance charges
Pembayaran pajak penghasilan (380.024) (320.195) Income taxes paid
Arus kas neto dari aktivitas operasi 1.427.066 486.040 Net cash flows from operating activities
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Hasil penjualan aset tetap 28.504 40.220 Proceeds from sale of fixed assets
Perolehan aset tetap (132.566) (97.495) Acquisition of fixed assets
Penambahan aset hak-guna (23.814) (23.539) Addition of right-of-use assets
Perolehan aset takberwujud (15.089) (12.923) Acquisition of intangible assets
Peningkatan saham pada entitas anak (14.850) - Increase investment in share of subsidiary
Arus kas neto untuk aktivitas investasi (157.815) (93.737) Net cash flows for investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Penerimaan kas dari: Cash received from:
Pinjaman yang diterima 9.016.706 10.264.849 Fund borrowings
Surat berharga yang diterbitkan 1.000.000 600.000 Securities issued
Pengeluaran kas untuk: Cash disbursement for:
Pinjaman yang diterima (9.488.311) (8.160.516) Fund borrowings
Pelunasan pokok surat berharga Repayment of securities
yang diterbitkan (712.000) (2.387.000) issued principal
Dividen tunai (1.000.989) (827.166) Cash dividend
Pembelian saham treasuri (147.314) - Purchase of treasury stock
Arus kas neto untuk aktivitas pendanaan (1.331.908) (509.833) Net cash flows for financing activities
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
(Saldo dipindahkan) (62.657) (117.530) (Balance brought-forward)
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
These Separate Financial Statements are Originally Issued
in Indonesian Language
Ekshibit F/7 Exhibit F/7
PT BFI FINANCE INDONESIA Tbk PT BFI FINANCE INDONESIA TBK
(ENTITAS INDUK) (PARENT ENTITY)
LAPORAN ARUS KAS TERSENDIRI SEPARATE STATEMENT OF CASH FLOWS
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR ENDED
31 DESEMBER 2025 31 DECEMBER 2025
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31 Desember/December
2025 2024
PENURUNAN NETO NET DECREASE IN
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
(Saldo pindahan) (62.657) (117.530) (Balance carry-forward)
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AWAL TAHUN 1.603.998 1.721.528 AT BEGINNING OF YEAR
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS
AKHIR TAHUN 1.541.341 1.603.998 AT END OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
TERDIRI DARI: CONSIST OF:
Kas dan bank 1.237.116 901.829 Cash on hand and in banks
Deposito berjangka 304.225 702.169 Time deposits
1.541.341 1.603.998
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
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Sustainability Corporate Data Appendices
Governance Statements
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2025 Performance Management Discussion
About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
434 2025 Integrated Annual Report | PT BFI Finance Indonesia Tbk
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Sustainability Corporate Data Appendices
Governance Statements
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About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
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About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
FEEDBACK FORM
We thank you for your time reading this 2025 Integrated Annual Report of PT BFI Finance Indonesia Tbk.
To improve our services as well as enhance the contents of this report in the future, we kindly ask you to fill in this
Feedback Form and provide us with your valuable suggestion, critique, and further input.
RESPONDENT PROFILE
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QUESTIONNAIRE
No. Statement Yes No
1 The contents of this report are easy to comprehend.
2 The contents of this report are useful to you in obtaining information and
making decisions.
3 The contents of this report have described the Company’s sustainable
performance in a good, accurate, and balanced fashion.
4 This report contains information related to various aspects of sustainability that
you deem important to obtain.
5 This report has been presented in a well-designed, highly legible, and carefully
organized layout.
6 Were there any sustainability aspects that you wish to know more from the Company that were not covered
in this report? If yes, please specify these aspects:
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Thank you for your time in filling out this Feedback Form This form is also accessible at:
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PT BFI Finance Indonesia Tbk
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Indonesia
corporate.communication@bfi.co.id
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CROSS REFERENCE OJK CIRCULAR
NO. 16/SEOJK.04/2021 ON FORM AND CONTENT
OF ANNUAL REPORTS OF ISSUERS OR PUBLIC
COMPANIES
Uraian Halaman
1 The Annual Report shall at least contain:
a Key financial highlights 16–17
b Stock information (if any) 18–19
c Report of the Board of Directors
d Report of the Board of Commissioners
e Profile of the Issuer or Public Company
f Management discussion and analysis
g Corporate governance of the Issuer or Public Company
h Social and environmental responsibility of the Issuer or Public Company
i Audited financial statements for the year
Statement of members of the Board of Directors and members of the
j Board of Commissioners regarding their responsibility for the Annual
Report
2 Details of the Annual Report Content
Key Financial Highlights
Summary of important financial data including financial information
a presented in the form of a comparison for 3 (three) financial years or since
starting the business if the Issuer or Public Company has carried out its
business activities for less than 3 (three) years, at least containing:
1 Revenue/sales
2 Gross profit
3 Profit (loss)
Profit (loss) attributable to owners of the parent and non-controlling
4
interests
5 Total comprehensive profit (loss)
Total comprehensive profit (loss) attributable to owners of the parent and 16–17
6
non-controlling interests
7 Profit (loss) per share
8 Total assets
9 Total liabilities
10 Total equity
11 Return on assets
12 Return on equity
13 Net profit margin
14 Current ratio
15 Liabilities to equity ratio
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About This Report Reports to Stakeholders Company Profile
Highlights and Analysis
Uraian Halaman
16 Liabilities to assets ratio
Other information and financial ratios relevant to the Issuer or Public 16–17
17
Company and the type of industry
b Stock Information
Information on the stock of the Public Company shall at least contain:
Shares that have been issued for each quarterly period presented in the
1
form of a comparison for the last 2 (two) financial years, containing at least:
a Number of shares outstanding
Market capitalization based on the price on the stock exchange where the
b
shares are listed
Highest, lowest, and closing prices based on the stock exchange where the
c
shares are listed
d Volume of trading on the stock exchange where the shares are listed
Information in points b), c), and d) is only disclosed if the shares are listed on
the stock exchange
In the event of a corporate action that causes changes in shares, such as
stock splits, reverse stock, stock dividends, bonus shares, changes in the
2 par value of shares, issuance of convertible securities, as well as capital
18–19
additions and deductions, the share information as referred to in number 1)
shall at least include an explanation regarding:
a Date of implementation of corporate action
Stock split ratio, reverse stock, stock dividends, bonus shares, number of
b
Convertible securities issued, and changes in the par value of the shares
c Number of shares outstanding prior to and after the corporate action
d Number of convertible securities executed (if any)
e Share price before and after corporate action
In the event of a temporary suspension of trading and/or delisting of shares
3 in the financial year, the reasons for such suspension and/or delisting shall
be provided
In the event that the temporary suspension of trading as referred to in
number 3) and/or the process of delisting of the shares is ongoing until the
4
end of the Annual Report period, the actions taken to resolve the temporary
suspension of trading and/or delisting of the shares must be detailed
c Report of the Board of Directors 37–39
1 The Board of Directors' report shall at least contain a brief description of:
a The Issuer or Public Company's strategic strategies and policies 37
Roles of the Board of Directors in formulating strategies and strategic
b 37
policies of the Issuer or Public Company
Processes carried out by the Board of Directors to ensure the
c 38
implementation of the Issuer or Public Company's strategy
Comparison between the results achieved with those targeted by the Issuer
d 38
or Public Company
e Constraints faced by the Issuer or Public Company 37–38
2 Overview of the business prospects of the Issuer or Public Company 38–39
3 Implementation of governance in the Issuer or Public Company 38
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Uraian Halaman
d Report of the Board of Commissioners 33–35
The Board of Commissioners' report shall at least contain a brief description
of:
Assessment of the performance of the Board of Directors regarding the
management of the Issuer or Public Company, including the supervision
1 of the Board of Commissioners in the formulation and implementation of 33–34
the strategy of the Issuer or Public Company carried out by the Board of
Directors
Views on the business prospects of the Issuer or Public Company prepared
2 34
by the Board of Directors
Views on the implementation of governance in the Issuer or Public
3 34
Company
42–94
e Issuer or Public Company's Profile
226–307
The profile of the Issuer or Public Company shall contain at least the
following information:
Name of the Issuer or Public Company, including whether there has been
1 a change of name, the reason for the change, and the effective date of the 44–45
name change in the financial year
Access to the Issuer or Public Company including branch offices or
2 representative offices that allow the public to obtain information about the
Issuer or Public Company, including:
a Address 45
b Phone number
c E-mail address
d Website
3 Brief history of the Issuer or Public Company 48–51
Vision and mission of the Issuer or Public Company as well as the corporate
4 46–47
culture or values
Business activities according to the latest articles of association, business
5 activities carried out in the financial year, and types of goods and/or services 53–55
produced
6 The operational area of the Issuer or Public Company 56–57, 285–307
The organizational structure of the Issuer or Public Company in the form of
a chart, at least up to a structure of 1 (one) level below the Board of Directors
7 58–59
including committees under the Board of Directors (if any) and committees
under the Board of Commissioners, alongside the names and positions
List of memberships in industry associations both on a national and
8 45
International scale related to the implementation of sustainable finance
9 Profile of the Board of Directors, at least containing:
a Name and position in accordance with the duties and responsibilities
b Latest photo 70–75
c Age
d Citizenship
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e Education history and/or certification
f Work experience, including information on:
(1). The legal basis for appointment as a member of the Board of Directors of
the Issuer or Public Company
(2). Concurrent positions, either as a member of the Board of Directors, a
member of the Board of Commissioners, and/or a member of committees 70–75
and other positions both inside and outside the Issuer or Public Company
In the event that a member of the Board of Directors does not have
concurrent positions, then this shall be disclosed
(3). Work experience and period of time both inside and outside the Issuer
or Public Company
Affiliation with other members of the Board of Directors, members of
the Board of Commissioners, majority shareholders, and controlling
shareholders, either directly or indirectly, to individual owners, including
g names of the affiliated parties 241–242
In the event that a member of the Board of Directors does not have an
affiliated relationship, the Issuer or Public Company shall disclose this
matter
Changes in the composition of the members of the Board of Directors and
reasons for such changes
h
In the event of no change in the composition of the members of the Board
of Directors, this shall be disclosed
10 Profile of the Board of Commissioners, at least containing:
a Name and position
b Latest photo
c Age
d Citizenship
e Education history and/or certification
Work experience, including information on:
64–69
(1). The legal basis for appointment as a member of the Board of
Commissioners of the Issuer or Public Company
(2). Concurrent positions, either as a member of the Board of Commissioners,
a member of the Board of Directors, and/or a member of committees and
f
other positions both inside and outside the Issuer or Public Company
In the event that a member of the Board of Commissioners does not have
concurrent positions, then this shall be disclosed
(3). Work experience and period of time both inside and outside the Issuer
or Public Company
Affiliation with other members of the Board of Commissioners, members of
the Board of Directors, majority shareholders, and controlling shareholders,
either directly or indirectly, to individual owners, including names of the
g affiliated parties 237–238
In the event that a member of the Board of Commissioners does not have
an affiliated relationship, the Issuer or Public Company shall disclose this
matter
Statement of independence of the independent commissioner(s) should
h 239
the independent commissioner(s) have served more than 2 (two) terms
Changes in the composition of the members of the Board of
Commissioners and reasons for such changes
i 167, 169
In the event of no change in the composition of the members of the Board
of Commissioners, this shall be disclosed
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Uraian Halaman
In the event that there is a change in the composition of the members of
the Board of Directors and/or members of the Board of Commissioners
that occurs after the financial year ends, up to the deadline for submitting
11 N/A
the Annual Report, the compositions presented in the Annual Report are
the current and previous compositions of the members of the Board of
Directors and/or members of the Board of Commissioners
Number of employees by gender, position, age, education level, and
12 employment status (permanent/contract) in the financial year 60–62
This information can be presented in tabulated format
Names of shareholders and percentages of ownership at the beginning and
13 228–230
end of the financial year, consisting of the following information regarding:
Shareholders who own 5% (five percent) or more shares of the Issuer or
a 230
Public Company
Members of the Board of Directors and members of the Board of
Commissioners who own shares in the Issuer or Public Company
b 228–229
In the event that all members of the Board of Directors and/or all members of
the Board of Commissioners do not own shares, this shall be disclosed
Public shareholders, namely shareholders who each own less than 5% (five
c percent) of the shares of the Issuer or Public Company 229–230
This information can be presented in tabulated format
Percentage of indirect ownership of the shares of the Issuer or Public
Company by members of the Board of Directors and members of the Board
of Commissioners at the beginning and end of the financial year, including
the shareholders registered in the shareholder register for indirect
14 ownership of interests by members of the Board of Directors and members 228–229
of the Board of Commissioners
In the event that all members of the Board of Directors and/or all members
of the Board of Commissioners do not have indirect ownership of the shares
of the Issuer or Public Company, this shall be disclosed
Number of shareholders and the percentage of ownership at the end of the
15
financial year, classified by:
a Local institutional ownership
228
b Foreign institutional ownership
c Local individual ownership
d Foreign individual ownership
Information regarding the majority and controlling shareholders of
16 the Issuer or Public Company, either directly or indirectly, down to the 231
individual owners, presented in the form of a scheme or chart
Names of subsidiaries, associated entities, joint ventures in which the
Issuer or Public Company has joint control of the entities (if any), along
17 with the percentages of share ownership, lines of business, total assets, and 90–94
operating status of the subsidiaries, associated entities, and joint ventures
For subsidiaries, their addresses must be provided
Chronology of share listing, number of shares, par value, and offering price
from the beginning of listing to the end of the financial year as well as
the name of the stock exchange where the shares of the Issuer or Public
18 232–233
Company are listed, including events of stock splits, reverse stock, stock
dividends , bonus shares, and changes in the par value of shares, issuance
of convertible securities, capital additions and subtractions (if any)
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Information on the listing of securities other than those referred to
in number 18), which have not matured in the financial year, at least
19 234–235
containing the names of the securities, issuance year, interest rate/yield,
maturity date, offering value, and ratings (if any)
Information on the procurement of services from public accountants and
20 public accounting firms along with their networks/associations/alliances,
including:
a Names and addresses
b Assignment periods
c Information on audit and/or non-audit services rendered
Audit and/or non-audit fee for each assignment performed during the 279
d
financial year
In the event that the appointed public accountants and public accounting
firms and their networks/associations/alliances did not provide non-audit
services, this shall be disclosed
e
Disclosure of information on the procurement of services from public
accountants and public accounting firms along with their networks/
associations/alliances can be presented in tabulated format
Names and addresses of capital market supporting institutions and/or
21 280
professions other than the public accountants and public accounting firms
f Management Analysis and Discussion 96–149
Management's analysis and discussion contains analysis and discussion of
financial statements and other important information with an emphasis
on material changes that occurred in the financial year, which at least
contains:
Review of operations for each business segment, according to the type of
1
industry of the Issuer or Public Company, at least regarding:
100–110
Production, which includes the process, capacity, and developments
a
thereof
b Revenue/sales 132–134
c Profitability 140
Comprehensive financial performance, which includes a comparison of
financial performance in the last 2 (two) financial years, an explanation
2
of the causes of the changes and the impact of these changes, at least
regarding:
a Current assets, non-current assets, and total assets 118–127
b Current liabilities, non-current liabilities, and total liabilities 127–130
c Equity 131
Revenue/sales, expenses, profit (loss), other comprehensive income, and
d 132–137
total comprehensive profit (loss)
e Cash flows 138
Ability to pay debts or obligations, by presenting the calculations for the
3 140
relevant ratios
Collectibility of the Issuer or Public Company's receivables, by presenting
4 140
the calculations for the relevant ratios
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Capital structure and management policy on the capital structure along
5 143
with the basis for determining such policy
Discussion of material commitments for capital goods investments, with
6
the explanation containing at least:
a Purposes of commitments
b Expected sources of funding to fulfill such commitments 143
c Currencies in which such commitments are denominated
Measures planned by the Issuer or Public Company to take to protect
d
against the risk arising from the related foreign currency positions
Discussion of capital goods investments realized in the last financial year,
7
containing at least:
a Types of capital goods investments 143
b Purposes of capital goods investments
c Amounts disbursed in capital goods investments
Material information and facts occurring after the date of the accountant's
8 144
report (if any)
Business prospects of the Issuer or Public Company related to the
conditions in the relevant industry, the general economy, and the
9 148–149
international market, accompanied by supporting quantitative data from
reliable sources
Comparison between the target/projection at the beginning of the financial
10
year with the results achieved, regarding:
a Revenue/sales
142
b Profit (loss)
c Capital structure or
d Other matters deemed important to the Issuer or Public Company
Targets/projections to be achieved by the Issuer or Public Company for the
11
next 1 (one) year, regarding:
a Revenue/sales
b Profit (loss) 149
c Capital structure
d Dividend policy or
e Other matters deemed important to the Issuer or Public Company
Marketing aspects of the goods and/or services of the Issuer or Public
12 116–117
Company, at least regarding marketing strategy and market share
Description of dividends for the last 2 (two) financial years, at least
13
containing:
Dividend policy, which includes information on the ratio of dividends to net
a
income
b Cash dividend payment date and/or non-cash dividend distribution date
144
c Amount of dividend per share (cash and/or non-cash)
d Amount of dividends disbursed per year
This information can be presented in tabulated format
In the event that the Issuer or Public Company did not distribute dividends
in the last 2 (two) years, this shall be disclosed
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Realization of the use of public offering proceeds, by taking into
14
consideration the following:
In the event that during the financial year the Issuer has an obligation
to submit a report on the realization of the use of proceeds, then the
a
realization of the cumulative use of the public offering proceeds shall be
145
disclosed up to the end of the financial year
In the event of a change in the use of proceeds, as stipulated in the
Regulation of the Financial Services Authority regarding the report on the
b
realization of the use of public offering proceeds, the Issuer shall explain
such change
Material information (if any), among others regarding investments,
expansions, divestments, business mergers/consolidations, acquisitions,
15 debt/capital restructurings, material transactions, affiliated transactions,
and transactions with conflict of interest which occurred during the
financial year, containing at least:
a Dates, values, and objects of the transactions
b Names of parties conducting the transactions
c Nature of the affiliations (if any)
d explanation of the fairness of the transactions
e Compliance with related provisions
In the event that there is an affiliation relationship, in addition to disclosing
f the information as referred to in letters a) to e) above, the Issuer or Public
Company also shall disclose the following:
(1). A statement from the Board of Directors that the affiliated transactions
have undergone adequate procedures to ensure that affiliated
transactions have been carried out in accordance with generally accepted
business practices, among others, by complying with the arms-length
principle
(2). The roles of the Board of Commissioners and the audit committee in
undertaking the adequate procedures to ensure that the affiliated
145
transactions have been carried out in accordance with generally accepted
business practices, among others, by complying with the arms-length
principle
For affiliated transactions or material transactions that are business
activities carried out in order to generate business revenue and are carried
out regularly, repeatedly, and/or continuously, an explanation shall be
g
added that the affiliated transactions or material transactions are related
to business activities carried out in order to generate business revenue and
are carried out regularly, repeatedly, and/or continuously
In the event that the affiliated transactions or material transactions
have been disclosed in the annual financial statements, an information
regarding the reference to such disclosure in the annual financial
statements shall be provided
For disclosure of affiliated transactions and/or conflict of interest
transactions resulting from the implementation of affiliated transactions
and/or conflict of interest transactions that have been approved by
h
independent shareholders, additional information regarding the date of the
GMS which approved the affiliated transactions and/or transactions with
conflict of interest shall be provided
In the event of no affiliated transaction and/or transaction with conflict of
i
interest, this shall be disclosed
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Changes in the laws and regulations that bear a significant effect on the
16 Issuer or Public Company and their impact on the financial statements 146–147
(if any)
Changes in accounting policies, the reasons for such changes, and their
17 148
impact on the financial statements (if any)
g Governance of the Issuer or Public Company 150–200
Details on the governance of the Issuer or Public Company must contain at
least a brief explanation on:
1 GMS, at least regarding: 159–166
Resolutions of the GMS in the financial year and 1 (one) year prior to the
a
financial year, including:
(1). Resolutions of the GMS in the financial year and 1 (one) year before the
financial year that were implemented in the financial year 159–166
(2). Resolutions of the GMS in the financial year and 1 (one) year before the
financial year that were not implemented along with the reasons for not
implementing them
In the event that the Issuer or Public Company uses an independent party
b 166
at the GMS to calculate the votes, then this matter shall be disclosed
2 Board of Directors, at least regarding: 169–170, 240–250
Duties and responsibilities of each member of the Board of Directors
a This information shall be described and may be presented in tabulated 242–244
format
Statement that the Board of Directors has guidelines or charter of the
b 241
Board of Directors
Policy and implementation of the frequency of meetings of the Board
of Directors, meetings of the Board of Directors with the Board of
Commissioners, and the level of attendance of members of the Board of
c Directors in these meetings including attendance at the GMS 253–257
Level of attendance of members of the Board of Directors in meetings of
the Board of Directors, meetings of the Board of Directors with the Board of
Commissioners, or the GMS, can be presented in tabulated format
Training and/or competence development for members of the Board of
d
Directors:
(1). Policy on training and/or competence development for members of the
Board of Directors, including an orientation program for newly appointed 170
members of the Board of Directors (if any) and
(2). Training and/or competence development programs attended by
members of the Board of Directors in the financial year (if any)
The Board of Directors' assessment of the performance of the committees
e that support the implementation of the duties of the Board of Directors in
the financial year shall at least contain:
250
(1). Performance appraisal procedure
(2). Criteria used, such as performance achievements during the financial
year, competence and attendance at meetings
In the event that the Issuer or Public Company does not have a committee
f that supports the implementation of the duties of the Board of Directors, N/A
then this shall be disclosed
3 The Board of Commissioners, at least regarding: 167–168, 236–239
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a Duties and responsibilities of the Board of Commissioners 236
Statement that the Board of Commissioners has guidelines or charter of
b 237
the Board of Commissioners
Policy and implementation of the frequency of meetings of the Board of
Commissioners, meetings of the Board of Commissioners with the Board
of Directors, and the level of attendance of members of the Board of
Commissioners in these meetings, including attendance at the GMS
c 253–257
Level of attendance of members of the Board of Commissioners at the
meeting of the Board of Commissioners, the meeting of the Board of
Commissioners with the Board of Directors, or the GMS can be presented in
tabulated format
Training and/or competence development for members of the Board of
d
Commissioners:
(1). Policy on training and/or competence development for members of the
Board of Commissioners, including an orientation program for newly 168
appointed members of the Board of Commissioners (if any)
(2). (Training and/or competence development programs attended by
members of the Board of Commissioners in the financial year (if any)
Performance appraisal of the Board of Directors and the Board of
e Commissioners as well as each member of the Board of Directors and the
Board of Commissioners, at least containing:
(1). Performance appraisal procedures 252
(2). Criteria used, such as performance achievements during the financial
year, competence, and attendance at meetings
(3). The party conducting the assessment
The Board of Commissioners’ assessment of the performance of the
f Committees that support the implementation of the duties of the Board of
Commissioners in the financial year, including:
239
(1). Performance appraisal procedures
(2). Criteria used, such as performance achievements during the financial
year, competence, and attendance at meetings
The nomination and remuneration of the Board of Directors and the Board
4 250–251
of Commissioners shall at least contain:
Nomination procedure, including a brief description of the policy and
a process of nomination of members of the Board of Directors and/or 264–265
members of the Board of Commissioners
Procedures and implementation of remuneration for the Board of Directors
b
and the Board of Commissioners, among others:
(1). Procedures for determining remuneration for the Board of Directors and
the Board of Commissioners
(2). The remuneration structure of the Board of Directors and the Board of 250–251
Commissioners, such as salary, allowances, tantiem/bonus and others
(3). The amount of remuneration for each member of the Board of Directors
and member of the Board of Commissioners
Disclosure of information can be presented in tabulated format
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The sharia supervisory board, should the Issuer or Public Company carry
5 out business activities based on sharia principles as stated in the articles of
association, at least regarding:
a Names
b Legal basis for appointment
76–78, 171–173
c Term of office
d Duties and responsibilities
Frequency and method of providing advice and suggestions as well as
e supervision of compliance with sharia principles in the capital market for
the Issuer or Public Company
6 The audit committee, at least contains:
a Name and position in the committee membership
b Age
c Citizenship
d Educational background
e Work experience, including information on:
79–81, 174–175,
(1). Legal basis for appointment as committee member 258–261
(2). Concurrent positions, either as a member of the Board of Commissioners,
a member of the Board of Directors, and/or a member of a committee as
well as other positions (if any)
(3). Work experience and time period both inside and outside the Issuer or
Public Company
f Period and term of office of audit committee members
g Audit committee independence statement 260
Training and/or competence development programs attended in the
h 175
financial year (if any)
Policies and implementation of the frequency of audit committee
i meetings and level of attendance of audit committee members in these 260–261
meetings
Implementation of audit committee activities in the financial year in
j 175
accordance with those stated in the audit committee guidelines or charter
Committee or function of nomination and remuneration of the Issuer or
7
Public Company, at least regarding:
a Name and position in the committee membership
b Age
c Citizenship
d Educational background
e Work experience, including information on: 84–85, 178,
262–263
(1). Legal basis for appointment as committee member
(2). Concurrent positions, either as a member of the Board of Commissioners,
a member of the Board of Directors, and/or a member of a Committee as
well as other positions (if any)
(3). Work experience and time period both inside and outside the Issuer or
Public Company
f Term and term of office of committee members
g Committee independence statement 265
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Training and/or competence development attended in the financial year
h 178
(if any)
i Description of duties and responsibilities 264
j A statement that the committee has a guideline or charter 264
Policy and implementation of the frequency of meetings and the level of
k 266
attendance of members in the meetings
l Brief description of the activities carried out in the financial year 178
In the event that no nomination and remuneration committee is formed,
m the Issuer or Public Company shall disclose the information as referred to in
letter i) to letter l) and disclose: N/A
(1). Reasons for not forming the committee
(2). The party carrying out the nomination and remuneration function
Other committees in the Issuer or Public Company that support the
functions and duties of the Board of Directors (if any) and/or committees
8
that support the functions and duties of the Board of Commissioners, at
least regarding:
a Name and position in the committee membership
b Age
c Citizenship
d Educational background 82–83, 176–177,
e Work experience, including information on: 262–263
(1). Legal basis for appointment as committee member
(2). Concurrent positions, either as a member of the Board of Commissioners,
a member of the Board of Directors, and/or a member of a Committee as
well as other positions (if any)
(3). Work experience and time period both inside and outside the Issuer or
Public Company
f Term and term of office of committee members
g Committee independence statement 262–263
Training and/or competence development attended in the financial year (if
h 177
any)
i Description of duties and responsibilities 262
j Statement that the committee has a committee guideline or charter 262
Policy and implementation of the frequency of committee meetings and
k 263
the level of attendance of committee members in the meetings
l Brief description of the activities carried out in the financial year 177
9 Corporate Secretary, at least regarding: 179–180
a Name
b Domicile
c Work experience, including:
(1). Legal basis for appointment as company secretary
179
(2). Work experience and time period both inside and outside the Issuer or
Public Company
d Educational background
e Training and/or competence development attended in the financial year
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Brief description of the implementation of the duties of the company
f 180
secretary in the financial year
10 Internal audit unit, at least regarding: 181–186
a Name of head of internal audit unit
b Work experience, including:
(1). Legal basis for appointment as head of internal audit unit
185
(2). Work experience and time period both inside and outside the Issuer or
Public Company
c Qualification or certification in the internal audit profession (if any)
d Training and/or competence development attended in the financial year 186
e Structure and position of the internal audit unit 182–183
f Description of duties and responsibilities 181
g Statement that there is a guideline or charter of the internal audit unit 181
Brief description of the implementation of the duties of the internal
audit unit in the financial year including the policy and implementation
h 186
of the frequency of meetings with the Board of Directors, Board of
Commissioners, and/or audit committee
Description of the internal control system implemented by the Issuer or
11
Public Company, at least regarding:
Financial and operational control, as well as compliance with other laws
a
and regulations 186–187
b Review of the effectiveness of the internal control system
Statement of the Board of Directors and/or Board of Commissioners on the
c
adequacy of the internal control system
Risk management system implemented by the Issuer or Public Company,
12 188–194
at least regarding:
a Overview of the risk management system in the Issuer or Public Company 189, 192–193
b Types of risks and ways to manage them 190–191
c Review of the effectiveness of the risk management system 194
Statement from the Board of Directors and/or the Board of Commissioners
d 194
or the audit committee on the adequacy of the risk management system
Legal cases with a material impact involving the Issuer or Public Company,
13 its subsidiaries, the members of the Board of Directors and members of the
Board of Commissioners (if any), at least regarding:
195
a Legal case/lawsuit matter
b Status of settlement
c Effect on the condition of the Issuer or Public Company
Information on administrative sanctions imposed on the Issuer or Public
Company, members of the Board of Commissioners and members of the
14 195
Board of Directors, by the Financial Services Authority and other authorities
in the financial year (if any)
Information on the code of ethics prevailing in the Issuer or Public
15
Company, including:
a Code of ethics
b Dissemination of the code of ethics and enforcement mechanisms 52, 272–274
Statement that the code of ethics applies to members of the Board of
c Directors, members of the Board of Commissioners, and employees of the
Issuer or Public Company
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Brief description of the policy of providing long-term performance-based
compensation to management and/or employees of the Issuer or Public
16
Company (if any), including the management stock ownership program
(MSOP) and/or employee stock ownership program (ESOP)
232
In the event that the compensation is provided in the form of MSOP and/or
ESOP, the information disclosed must at least contain:
a Number of shares and/or options
b Implementation period
c Requirements for the eligibility of employees and/or management
232
d Exercise price or determination thereof
17 Brief description of the information disclosure policy, regarding:
Share ownership of members of the Board of Directors and members of
the Board of Commissioners no later than 3 (three) working days after the
a 273, 278
occurrence of ownership or any change in ownership of shares of a Public
Company
b Implementation of said policy
Description of the whistleblowing system prevailing in the Issuer or Public
18
Company, at least regarding:
a Mechanism for reporting submission
b Protection for whistleblowers
c Handling of complaints/reports
d Party managing the reports 199–200
e Results of the handling of complaints/reports, at least:
(1). The number of reports received and processed in the financial year
(2). Follow-up to the reports.
In the event that the Issuer or Public Company does not have a
whistleblowing system, then this shall be disclosed
Description of the anti-corruption policy of the Issuer or Public Company, at
19
least regarding:
Programs and procedures carried out to address practices of corruption,
a
kickbacks, fraud, bribery and/or gratuities in the Issuer or Public Company
275
Anti-corruption training/dissemination thereof to employees of the Issuer or
b
Public Company
In the event that the Issuer or Public Company does not have an anti-
corruption policy, the reasons for not having said policy shall be provided
Implementation of the guidelines for the governance of issuers and public
20
companies, including:
Statement regarding the recommendations that have been implemented
a
and/or 282–284
An explanation of the recommendations that have not been implemented,
b
along with reasons and alternative implementations (if any)
This information can be presented in tabulated format
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Issuer or Public Company's Corporate Social and Environmental
h 202–225
Responsibility
Information disclosed in the corporate social and environmental
responsibility chapter shall be the Sustainability Report as referred to in
1 the Financial Services Authority Regulation No. 51/POJK.03/2017 on the
Implementation of Sustainable Finance for Financial Services Institutions,
Issuers, and Public Companies, and the report shall contain at least:
a Explanation of sustainability strategy 204–207
9–11, 14–15,
b Overview of sustainability aspects (economic, social, and environmental)
205–207
c Brief profile of the Issuer or Public Company 44–51
d Explanation by the Board of Directors 37–39
e Sustainability governance 157–158
f Sustainability performance 208–225
g Written verification from an independent party, if any N/A
h Feedback sheet for readers, if any 440
i Issuer or Public Company's response to the previous year's report feedback 440
Sustainability Report as referred to in number 1) shall be prepared
in accordance with the Technical Guidelines for the Preparation of
2 √
Sustainability Reports for Issuers and Public Companies, as contained in
Appendix II of this Circular of the Financial Services Authority
3 Information on the Sustainability Report in number 1) may:
Disclosed in other relevant sections outside of the social and environmental
responsibility section, such as the Directors' explanation regarding the
a √
Sustainability Report disclosed in the section related to the Directors'
Report and/or
Refer to other sections outside the social and environmental responsibility
section while still referring to the Technical Guidelines for the Preparation
b of Sustainability Reports for Issuers and Public Companies as listed in √
Appendix II which is an integral part of this Financial Services Authority
Circular Letter, such as profiles Issuer or Public Company
The Sustainability Report as referred to in number 1) is an inseparable part
4 of the Annual Report, however it may be presented separately from the √
Annual Report
In the event that the Sustainability Report is presented separately from the
5
Annual Report, the information disclosed in the Sustainability Report shall:
a Contain all the information as referred to in number 1)
N/A
Be prepared in accordance with the Technical Guidelines for the
b Preparation of Sustainability Reports for Issuers and Public Companies as
listed in Appendix II of this Circular of the Financial Services Authority
In the event that the Sustainability Report is presented separately from
the Annual Report, then the social and environmental responsibility
6 section shall state that the information regarding social and environmental N/A
responsibility is disclosed in the Sustainability Report presented separately
from the Annual Report
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Submission of the Sustainability Report which is presented separately
7 from the Annual Report must be done together with the submission of the √
Annual Report
Audited Financial Statements for the Year
The financial statements contained in the Annual Report shall be prepared
in accordance with the financial accounting standards prevailing in
Indonesia and have been audited by a public accountant registered
with the Financial Services Authority. Said annual financial statements
i shall contain a statement regarding the accountability for the financial 310–437
statements as regulated in the Financial Services Authority Regulation on
the responsibility of the Board of Directors for financial reporting, or the
laws and regulations in the capital market which regulate the periodic
reporting of securities companies, in the event that the Issuer is a securities
company
Statement Letter of Members of the Board of Directors and Members
of the Board of Commissioners regarding Responsibility for the Annual
Report
The statement letter from members of the Board of Directors and
j 40–41
members of the Board of Commissioners regarding the responsibility for
the Annual Report shall be prepared in accordance with the prescribed
format provided in Appendix I of this Circular of the Financial Services
Authority
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CROSS REFERENCE OJK REGULATION
NO. 51/POJK.03/2017 ON IMPLEMENTATION
OF SUSTAINABLE FINANCE FOR FINANCIAL
SERVICES INSTITUTIONS, ISSUERS, AND PUBLIC
COMPANIES
Uraian Halaman
1 Explanation on sustainability strategy 204–205
2 Summary of sustainability aspects
a Economic aspect, including:
1. Quantity of products/services sold
2. Income/sales
14–17
3. Net profit/loss
4. Environmentally friendly products
5. Local parties involvement related to the Sustainable Finance business process
b Environmental aspect, including:
1. Energy usage (among others, water and electricity)
2. Emission reduction (for companies whose business processes are directly
related to the environment)
216–218
3. Reduction of waste and effluents into the surrounding environment (for
companies whose business processes are directly related to the environment)
4. Conservation of biodiversity (for companies whose business processes are
directly related to the environment)
c Social aspect 224
3 Brief profile of the company
a Vision, mission, sustainability value 47
Name, address, telephone number, facsimile number, e-mail address, and website,
b 44–45
and also branch offices and/or representative offices
c Business scale, covering:
1. Total assets/asset capitalization and total liabilities
2. Total employees based on gender, position, age, education, and status of 44–45
employment
3. Percentage of share ownership
4. Operational areas 56–57, 285–307
d Brief explanation of products, services, and business activities 53–55
e Membership in associations 45
Significant changes, among others those related to the closure or opening of
f 45
branches and ownership structure
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4 Directors’ exposition
a Policy to respond to challenges in the fulfillment of sustainability strategy, including:
1. Explaination of sustainability value for the Company
2. Explanation of the Company's response to issue related to the implementation
of Sustainable Finance
3. Explanation of the Company's leadership's commitment towards the
implementation of Sustainable Finance
4. Performance achievement regarding the implementation of Sustainable
Finance
5. Challenges related to the implementation and performance of Sustainable 37–39
Finance
b Implementation of Sustainable Finance, including:
1. Target vs. achievements
2. Achievements and challenges during the reporting period
c Strategy to achieve the targets, including:
1. Risk management related to the implementation of Sustainable Finance
2. Utilization of business opportunities and prospects
3. Explanation of the external economic, social and environmental milieu that may
affect the Company's sustainability
5 Sustainability governance 157–158
Roles and responsibilities of the Board of Directors and the Board of Commissioners,
a employees, officers and/or work units responsible for implementing Sustainable 236–250
Finance
Competence development for members of the Board of Directors, members of
b the Board of Commissioners, employees, officers and/or work units responsible for 168, 170
implementing Sustainable Finance
Identification, measurement, monitoring and control of risks related to the
c 188–194
implementation of Sustainable Finance
d Description of the stakeholders, including:
1. Stakeholder involvement based on management's assessment, AGMS, decree,
or others
157–158
2. Approach employed by the Company in involving stakeholders in the
implementation of Sustainable Finance
e Problems, developments, and effects on the implementation of Sustainable Finance
6 Sustainability performance
a Internal activities to foster the sustainability culture in the Company 207
b Description of economic performance in the last 3 years, including:
1. Comparison of production targets vs. achievements, portfolio, financing/
investment targets, income and profit and loss
16–17
2. Comparison of portfolio targets and performance, financing/investment
targets in financial instruments or projects in line with the implementation of
Sustainable Finance
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c Social performance in the last 3 years, including:
1. The Company's commitment to providing equitable products/services to
customers
2. Employment, including:
a. Statement of equality of employment opportunities and the presence/
absence of forced labor and child labor
b. Percentage of permanent employee remuneration at the lowest level
compared to the regional minimum wage
208–213,
c. A decent and safe work environment
219–225
d. Employee training and competence development
3. Society, including:
a. Operational activities or areas that have positive and negative impacts on the
surrounding community, including financial inclusion and literacy initiatives
b. Mechanisms for the public to air grievances and the number of grievances
received and followed up
c. CSR related to the fulfillment of sustainable development goals, including
the types and achievements of community empowerment programs
d Environmental performance, including:
1. Environmental costs incurred
2. Use of environmentally friendly materials (for example, recyclable or recycled
products)
215–218
3. Energy usage, including:
a. Amount and intensity of energy used
b. Energy efficiency initiatives and achievements, including utilization of
renewable energy
Environmental performance for companies whose business processes are directly
e N/A
related to the environment
Responsibility for developing Sustainable Finance products and/or services,
f
including:
1. Innovation and development of Sustainable Finance products and/or services
2. The number and percentage of products/services that have been evaluated for
its safety 114–115, 214
3. Positive and negative impacts caused by products and/or services, distribution
processes, and the mitigation thereof
4. Number of products withdrawn and their reasons
5. Customer satisfaction surveys for Sustainable Finance products and/or services
7 Written verification from an independent party, if present N/A
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Page 462
Names mentioned 156 people and organisations named in the text · linked when the evidence is strong
unresolved
org
PT Finansial Integrasi Teknologi
p.7 ×5
unresolved
org
PT BFI Finance
p.8 ×2
unresolved
org
Minister of Justice
p.44 ×3
unresolved
org
Ministry of Law
p.44 ×4
unresolved
org
PT Rapi Utama
p.45
unresolved
person
Aulia Taufani
p.48
unresolved
org
PT Manufacturers
p.48
unresolved
person
Sutjipto
p.48
unresolved
org
Minister of Law Manufacturers Hanover Leasing Corporation
p.48
unresolved
org
Law Manufacturers Hanover Leasing Corporation
p.48
unresolved
person
Supplement Muljadi
p.48
unresolved
org
Minister of Finance
p.48 ×3
unresolved
org
Bunas Finance Indonesia Tbk
p.48 ×5
unresolved
org
Essompark Ltd.
p.48
unresolved
person
Shanti Indah Lestari
p.48 ×4
unresolved
org
PT Bunas Intitama Notary
p.48
unresolved
person
Articles Hendarmin
p.48
unresolved
org
Ministry of Law and Human Rights
p.48 ×3
unresolved
org
PT Manufacturers Hanover Leasing Indonesia
p.50
unresolved
org
Indonesia Stock Exchange
p.50 ×2
unresolved
org
PT Bunas
p.50
unresolved
org
Finance Indonesia Tbk
p.50
unresolved
person
Johanes Sutrisno
· Commissioner
p.59
unresolved
org
PT FIT
p.60 ×11
unresolved
org
PT Indovest
p.65
unresolved
org
Ministry of Finance
p.65
unresolved
org
PT FIT Concurrent Positions Held Outside
p.65 ×2
unresolved
org
Bapepam-LK
p.66 ×10
unresolved
org
PT Setiabudi Investment Management
p.66
unresolved
org
Komatsu Ltd
p.66
unresolved
org
Minister of Research and Technology
p.66
unresolved
org
PT Alamtri Power Indonesia
p.66
unresolved
org
PT Adaro Power
p.66
unresolved
org
Global Digital Subsidiary Niaga Tbk
p.66 ×2
unresolved
org
AAG Energy Holdings Ltd.
p.67
unresolved
org
CleanMax Enviro Work Experience Energy Solutions Pvt. Ltd.
p.67
unresolved
org
Solar Mosaic LLC
p.67
unresolved
org
Mosaic Inc.
p.67
unresolved
org
Canbriam Energy Inc.
p.67
unresolved
org
Delonex Energy Ltd.
p.67
unresolved
org
Velvet Energy Ltd.
p.67
unresolved
org
Venari Resources LLC
p.67
unresolved
org
Liberty Wireless Pte. Ltd.
p.67
unresolved
org
M-Service GmbH
p.67
unresolved
org
Warburg Pincus LLC
p.67
unresolved
org
Pte. Ltd.
p.67
unresolved
org
PT Gaudi Dwi Laras
p.68
unresolved
org
Mutual International Finance Corporation
p.68
unresolved
org
PT BRI Asuransi Indonesia
p.69
unresolved
org
PT Kredit Biro Indonesia Jaya
p.69
unresolved
org
PT Nana Mandiri Dwikarya
p.69
unresolved
org
Gani Djemat & Partners
p.69
unresolved
org
Napitupulu & Partners
p.69
unresolved
org
PT Tjiwi Kimia Pulp
p.71
unresolved
person
K.H. Ma’ruf Amin
p.77
unresolved
org
PT Sinar Mitra Sepadan
p.77
unresolved
org
Yayasan Pendidikan Fatahillah
p.78
unresolved
org
Palilingan & Rekan
p.80
unresolved
org
PT Kiat Ananda Cold Storage
p.80
unresolved
org
PT Ananda Solusindo Subsidiary
p.80
unresolved
org
PT Manggala Kiat Ananda
p.80
unresolved
org
PT Mitra Ananda Megadistrindo
p.80
unresolved
org
PT Gayatri Kapital Indonesia
p.81 ×2
unresolved
org
PT Kliring Penjaminan Efek Indonesia
p.81 ×3
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.81 ×3
unresolved
org
Sertifikasi Manajemen Risiko
p.83
unresolved
org
PT Bank Commonwealth
p.83
unresolved
org
PT Mudita Finansial Teknologi
p.83
unresolved
org
PT Commonwealth Life
p.83
unresolved
org
PT Kiran Resources Indonesia
p.83
unresolved
org
PT Bank BNP Paribas Indonesia
p.83
unresolved
org
PT Bank Barclays Indonesia
p.83
unresolved
org
PT BII Finance Centre
p.83
unresolved
org
Bank Restructuring Agency
p.83
unresolved
org
PT Tanjung Johor Wood Industry
p.83
unresolved
org
PT Pasar Jasa Profesional Concurrent
p.83
unresolved
org
PT FWD Insurance Indonesia
p.83
unresolved
org
PT Nusantara Finance Cakrawala Affiliate None Relationships
p.83
unresolved
org
PT DKatalis Digital Lab
p.86
unresolved
org
PT Bank Tabungan Pensiunan Nasional
p.86
unresolved
org
Bank Universal Tbk
p.86 ×2
unresolved
org
Minister of Law
p.92
unresolved
—
DKI Jakarta Appointed
· President Director
p.93
unresolved
person
Veronika Farida Riswanti
p.93 ×2
unresolved
org
Minister of Law and Human Rights
p.93 ×2
unresolved
person
Herna Gunawan
p.93
unresolved
org
PT FIT. Joint Financing Receivables Total Joint Financing
p.124
unresolved
org
Its Subsidiary’s Indonesia Tbk
p.314
unresolved
person
Fathiah Helmi
· Notaris
p.327 ×2
unresolved
person
Aryanti Artisari
· Notaris
p.327 ×2
unresolved
person
Geraldine H.S.S.U. Geraldine H.S.S.U. Sianturi
· Notaris
p.330 ×10
unresolved
person
Sianturi S.H.
p.330 ×2
unresolved
org
Kementerian Hukum dan Hak Asasi Manusia
p.330 ×2
unresolved
org
Kementerian Hukum Republik Indonesia
p.330 ×2
unresolved
person
H.S.S.U. M.
p.330
unresolved
org
Kementerian Hukum dan Hak
p.330
unresolved
org
Ministry of Asasi Manusia Republik Indonesia
p.330
unresolved
org
Bravo Investment Limited
p.330
unresolved
person
Lestari
p.334
unresolved
org
Kementerian
p.334
unresolved
org
Ministry of Law and Human dan Hak Asasi Manusia Republik Indonesia
p.334
unresolved
org
Ministry of Law and Human
p.334
unresolved
org
Pengawas
p.335
unresolved
org
PT Raya Saham Registra
p.397 ×4
unresolved
org
Trinugraha Capital & Co SCA
p.397 ×2
unresolved
—
(masing-masing di bawah 5%)
p.397 ×2
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