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Page 1
PT Sawit Sumbermas Sarana Tbk   1
Page 2
Sanggahan dan Batasan
Tanggung Jawab
Disclaimer and Limitation
of Responsibility

Laporan Tahunan 2025 PT Sawit Sumbermas Sarana Tbk (yang selanjutnya disebut
“SSMS” atau “Perseroan”) ini disusun untuk memenuhi ketentuan pelaporan hasil
kinerja Perseroan pada periode 1 Januari 2025 sampai dengan 31 Desember 2025
kepada regulator dan pemangku kepentingan. Laporan Tahunan ini antara lain
disusun berdasarkan Peraturan Otoritas Jasa Keuangan No. 29/POJK.04/2016
tentang Laporan Tahunan Emiten atau Perusahaan Publik dengan muatan konten
sesuai Surat Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021 tentang Bentuk
dan Isi Laporan Tahunan Emiten atau Perusahaan Publik dan kriteria Annual Report
                                                                                        Laporan Tahunan ini dapat
Award.                                                                                      dilihat dan diunduh
                                                                                       di website resmi SSMS, yaitu
Laporan Tahunan ini memuat pernyataan terkait tujuan, kebijakan, rencana, strategi,      This Annual Report can be
serta hasil operasi dan keuangan yang disusun berdasarkan data faktual yang           viewed and downloaded on the
                                                                                      official SSMS website, namely
dapat dipertanggungjawabkan kebenarannya. Selain itu, Laporan Tahunan ini juga
menyajikan informasi terkait proyeksi kerja Perseroan di tahun selanjutnya yang             www.ssms.co.id
disusun berdasarkan pernyataan-pernyataan prospektif dan berbagai asumsi
mengenai kondisi mendatang Perseroan, serta lingkungan bisnis yang terkait, di
mana perkembangan aktual secara material dapat berbeda dari yang dilaporkan. Oleh
karena itu, Perseroan mengimbau agar pemangku kepentingan dapat menggunakan
informasi tersebut secara bijak dalam pengambilan keputusan.

The 2025 Annual Report of PT Sawit Sumbermas Sarana Tbk (hereinafter referred
to as “SSMS” or “the Company”) was prepared to meet the reporting requirements of
the Company’s performances for the period of January 1, 2025 to December 31, 2025
to the regulator and stakeholders. This Annual Report has been prepared based on
Financial Services Authority Regulation No. 29/POJK.04/2016 on Annual Reports
of Issuers or Public Companies with content in accordance with Financial Services
Authority Circular Letter No. 16/SEOJK.04/2021 concerning the Form and Content of
the Issuers or Public Companies Annual Reports and Annual Report Award criteria.

This Annual Report contains statements related to objectives, policies, plans,
strategies, and results of operations and finance compiled based on factual-
accountable data. In addition, this Annual Report also presents information
regarding Company’s work projections for the following year which are prepared
based on prospective statements and various assumptions regarding the Company’s
future conditions, as well as the related business environment, where actual
developments may differ materially from those reported. Therefore, the Company
urges stakeholders to use the information with discretion in their decision making.
Page 3
Tema “Pertumbuhan Strategis Melalui Inovasi” mencerminkan            The theme “Strategic Growth Through Innovation” reflects the
komitmen PT Sawit Sumbermas Sarana Tbk (SSMS) untuk terus            commitment of PT Sawit Sumbermas Sarana Tbk (SSMS) to
memperkuat kinerja dan daya saing usaha melalui berbagai langkah     continuously strengthen its performance and competitiveness
inovatif yang terintegrasi dengan strategi pertumbuhan jangka        through innovative initiatives that are integrated with the Company’s
panjang Perseroan. Dalam menghadapi dinamika industri kelapa         long-term growth strategy. In responding to the increasingly dynamic
sawit yang semakin kompetitif serta meningkatnya tuntutan            palm oil industry and the growing demand for sustainable business
terhadap praktik usaha yang berkelanjutan, Perseroan memandang       practices, the Company views innovation as a key driver to create
inovasi sebagai elemen kunci dalam menciptakan nilai tambah          added value while maintaining business resilience.
sekaligus menjaga ketahanan bisnis.

Sepanjang tahun 2025, Perseroan terus mengembangkan berbagai         Throughout 2025, the Company continued to develop various
inovasi di berbagai aspek kegiatan usaha, mulai dari peningkatan     innovations across its business activities, ranging from improving
produktivitas perkebunan, optimalisasi proses operasional dan        plantation productivity, optimizing operational and processing
pengolahan, hingga pemanfaatan teknologi untuk meningkatkan          activities, to utilizing technology to enhance efficiency and
efisiensi dan pengelolaan sumber daya secara berkelanjutan. Inovasi   sustainable resource management. Innovation is also implemented
juga diterapkan dalam pengembangan produk turunan kelapa sawit,      in the development of palm oil derivative products, the utilization of
pengelolaan limbah menjadi energi terbarukan, serta penguatan        waste into renewable energy, and the strengthening of sustainability
sistem pengelolaan keberlanjutan yang sejalan dengan komitmen        management systems in line with the Company’s commitment to
Perseroan terhadap praktik usaha yang bertanggung jawab.             responsible business practices.




                                                                                                    PT Sawit Sumbermas Sarana Tbk     3
Page 4
Kesinambungan Tema
Theme Continuity




                                      2024                                                                                         2023

Pengembangan Bisnis Berkelanjutan Melalui Inovasi Dan Hilirisasi                            Integrasi Berkelanjutan Antara Hulu dan Hilir untuk Pertumbuhan
Sustainable Business Development through Innovation and                                     Bisnis yang Tangguh
Downstreaming                                                                               Continuous Integration Between Upstream and Downstream for
                                                                                            Resilient Business Growth
PT Sawit Sumbermas Sarana Tbk terus memperkuat daya saing dan menciptakan nilai             Kelapa sawit merupakan industri yang potensial dan merupakan salah satu industri
tambah bagi industri kelapa sawit melalui inovasi dan hilirisasi. Perseroan berupaya        strategis nasional. Industri sawit Indonesia berperan penting pada peningkatan
meningkatkan efisiensi operasional dengan mengadopsi teknologi modern serta                  perekonomian dengan kinerja perdagangan yang terus meningkat, dan industri ini
menerapkan praktik ramah lingkungan guna memastikan keberlanjutan bisnis jangka             juga melibatkan banyak pelaku usaha dari berbagai kelompok ekonomi.
panjang. Inovasi ini tidak hanya mendukung peningkatan produktivitas tetapi juga
memungkinkan pengembangan produk bernilai tambah yang lebih kompetitif di pasar             Melalui pengelolaan bisnis yang berkelanjutan, Perseroan memperkokoh strategi
nasional maupun internasional.                                                              bisnisnya dengan memperkuat industri yang terintegrasi, upaya ini akan membantu dan
                                                                                            meningkatkan pertumbuhan perekonomian daerah dan nasional. Hal itu ditandai dengan
Sebagai bagian dari strategi hilirisasi, Perseroan mendorong transformasi dari sekadar      rencana Aksi Korporasi Perseroan pada tahun ini yaitu debt equity swap perusahaan
menghasilkan bahan mentah menjadi produsen produk olahan dengan nilai jual lebih            afiliasi yang terintegrasi hilirisasi fraksinasi kelapa sawit.
tinggi. Konsolidasi terhadap PT Citra Borneo Utama Tbk (CBUT) dengan meningkatkan
kepemilikan sahamnya menjadi langkah strategis dalam memperkuat lini bisnis hilir,          Sejalan dengan program pemerintah melalui hilirisasi industri kelapa sawit, yang
meningkatkan efisiensi rantai pasok, serta memperluas jangkauan pasar. Melalui upaya         dimaknai sebagai upaya strategis meningkatkan nilai tambah komoditas kelapa sawit
ini, Perseroan tidak hanya mengokohkan posisi sebagai pemimpin industri kelapa              melalui proses pengolahan agar menjadi produk turunan yang memiliki nilai jual lebih
sawit yang bertanggung jawab dan berdaya saing tinggi, tetapi juga berkontribusi pada       tinggi. Untuk itu, Perseroan memperkokoh dengan integrasi yang kuat menjadikan
percepatan hilirisasi industri kelapa sawit yang selaras dengan kebijakan pemerintah.       Perseroan semakin berkembang pesat dan kuat, sehingga dapat mengembangkan
Dengan pendekatan ini, Perseroan turut mendorong pertumbuhan ekonomi yang                   potensi dan perekonomian daerah secara langsung.
inklusif dan berkelanjutan.
                                                                                            As a potential industry and one of the national strategic industries, the Indonesian palm
PT Sawit Sumbermas Sarana Tbk continues to strengthen its competitiveness and               oil industry plays an important role in improving the economy through continuously
create added value for the palm oil industry through innovation and downstreaming.          increasing trade performance, and becoming a multiplier effect involving many business
The company strives to improve operational efficiency with the adoption of modern             actors from various economic groups.
technology and applying environmentally friendly practices to ensure the long-term
business sustainability. This innovation not only supports increased productivity but       Through sustainable business management, the Company strengthens its business
also enables the development of added-value products that are more competitive in           strategy by strengthening integrated industries. In this way, the Company can help
both the domestic and international markets.                                                and increase regional and national economic growth. This was marked by completing
                                                                                            the Company’s Corporate Action this year through a debt equity swap of an affiliated
As a part of its downstream strategy, the company is driving the transformation from        company that integrated downstream palm oil fractionation.
just a producer of raw materials into the producer of processed products with higher
selling value. The consolidation of PT Citra Borneo Utama Tbk (CBUT) by increasing its      In line with the government’s program through the downstreaming of the palm oil
share ownership is a strategic move to strengthen the downstream business, enhance          industry, which is interpreted as a strategic effort to increase the added value of
supply chain efficiency, and expand market reach. With these efforts, the company not         palm oil commodities through processing so that they become derivative products
only bolsters its position as a responsible and highly competitive leader in the palm oil   that have a higher selling value. For this reason, the Company strengthens its strong
industry, but also contributes in accelerating the downstreaming of palm oil industry,      integration, making the Company grow rapidly and stronger, so that it can develop
which is align with government policies. With this approach, the Company contributes        regional potential and economy directly.
in fostering an inclusive and sustainable economic growth.




   4       Laporan Tahunan 2025 Annual Report
Page 5
                                       2022                                                                                        2021

Mendukung Ketahanan Pangan Nasional Melalui Bisnis yang                                     Bersinergi Meningkatkan Potensi Bisnis Berkelanjutan
Berkelanjutan                                                                               Synergize to Empower Sustainable Business Potential
Supporting National Food Security Through Sustainable Business


Di tengah beratnya tantangan perekonomian di sepanjang tahun 2022, Perseroan tetap          Di tahun 2021, pandemi Covid-19 masih memengaruhi kondisi perekonomian dan
resilien, mampu beradaptasi dengan meraih kinerja yang positif. Pencapaian tersebut         industri secara global dan nasional, termasuk di dalamnya industri kelapa sawit.
tidak lepas dari strategi dan kebijakan strategis yang diterapkan pada periode-periode      Menghadapi tantangan tersebut, SSMS memperkuat sinergi antar Entitas Grup,
sebelumnya, sehingga Perseroan mampu mengantisipasi setiap tantangan yang ada,              mengimplementasikan langkah-langkah strategis, mengembangkan inovasi, dan
mengoptimalkan potensi yang dimiliki, dan mengantarkan Perseroan pada pencapaian            juga mengedepankan penerapan protokol kesehatan yang tepat dan konsisten guna
target yang telah ditetapkan di awal tahun. Salah satu strategi yang terus dilakukan        mendukung keberlanjutan bisnis inti Perseroan serta memperkuat struktur keuangan
secara berkesinambungan adalah penelitian dan pengembangan teknologi perkebunan.            Perseroan sejalan dengan komitmen SSMS untuk senantiasa bertumbuh dan memberikan
Langkah ini ditujukan untuk memperbaiki praktik berkebun agar menghasilkan produk-          nilai yang positif kepada para Pemegang Saham dan pemangku kepentingan.
produk terbaik pada masa mendatang.
                                                                                            In 2021, the Covid-19 pandemic had severe impacts on economic and industrial conditions
Amidst the severe economic challenges throughout 2022, the Company remained                 globally and nationally, including the palm oil industry. To address these challenges,
resilient, and able to adapt by achieving positive performance. This achievement cannot     SSMS strengthens synergies between Group Entities, implements strategic measures,
be separated from the strategic strategies and policies implemented in previous periods     develops innovation, and also prioritizes the implementation of appropriate and
so that the Company is able to anticipate every challenge, optimize its potential, and      consistent health protocols to support the sustainability of the Company’s core business
deliver the Company to achieve the targets set at the beginning of the year. One strategy   and strengthen the Company’s financial structure in line with SSMS’s commitment to
that continues to be carried out on an ongoing basis is the research and development        continue to grow and provide positive value to shareholders and stakeholders.
of plantation technology. This step is aimed at improving gardening practices in order
to produce the best products in the future.




                                                                                                                                   PT Sawit Sumbermas Sarana Tbk              5
Page 6
Model Bisnis dan Rantai Nilai Perusahaan
Company Business Model and Value Chain
Sebagai perusahaan kelapa sawit terintegrasi, PT Sawit Sumbermas Sarana               As an integrated palm oil company, PT Sawit Sumbermas Sarana Tbk (SSMS)
Tbk (SSMS) menjalankan kegiatan usaha yang mencakup seluruh rantai nilai              operates across the entire palm oil value chain, from plantation management to
industri kelapa sawit, mulai dari pengelolaan perkebunan hingga pengolahan            downstream processing of derivative products. In 2025, the Company managed
produk turunan. Pada tahun 2025, Perseroan mengelola 23 perkebunan kelapa             23 oil palm plantations with total fresh fruit bunch (FFB) production of 1.64
sawit dengan total produksi tandan buah segar (TBS) sebesar 1,64 juta metrik          million metric tons, generating approximately 527.05 thousand metric tons of
ton yang menghasilkan sekitar 527,05 ribu metrik ton crude palm oil (CPO), serta      crude palm oil (CPO), supported by an additional 737.36 thousand metric tons of
didukung tambahan 737,36 ribu metrik ton TBS dari pemasok independen.                 FFB sourced from independent suppliers. The CPO produced is subsequently
CPO yang dihasilkan kemudian diproses melalui fasilitas pengolahan sebelum            processed through the Company’s processing facilities before entering the
memasuki tahap hilirisasi melalui PT Citra Borneo Utama Tbk (CBUT), Entitas           downstream stage through PT Citra Borneo Utama Tbk (CBUT), the Company’s
Anak Perseroan, yang memproduksi berbagai produk turunan kelapa sawit.                subsidiary, which produces various palm oil derivative products. Through this
Melalui struktur usaha yang terintegrasi dari hulu hingga hilir ini, Perseroan        integrated business structure from upstream to downstream, the Company
mampu menciptakan efisiensi operasional sekaligus meningkatkan nilai tambah            is able to create operational efficiencies while generating added value at each
dari setiap tahapan proses produksi.                                                  stage of the production process.



                                                                                                    Own               Managed Plantations          Independent
           HULU | UPSTREAM                                                                       Plantations               (Plasma)                  /3rd party

  • Perkebunan Kelapa Sawit                                        OIL PALM
  • budidaya                                                       PLANTATIONS
  • Pemanenan tandan buah segar
  • Penelitian & Pengembangan untuk
  • meningkatkan produktivitas/hasil
    panen
  • Penggilingan Tandan Buah Segar dan
                                                                   Fresh Fruit Bunches
    penghancuran PK
                                                                   (FFB)
  • Kilang untuk produksi produk utama
    CPO dan PK
  • Oil Palm plantation cultivation
  • Harvesting of fresh fruit bunch
  • Research & Development to improve                              Internal production: ~2 mil MT of FFB
    productivity/yield
  • FFB milling and PK crushing
  • Refineries for production of primary                            MILL
    CPO and PK products




                                                                   Crude Palm Oil                                                 Palm Kernel




                                                                   Internal production: ~500k MT of CPO

                                                                   REFINERIES /                                          PALM KERNEL
          HILIR | MIDSTREAM                                        FRACTIONATION                                         CRUSHING
                                                                   PLANTS                                                PLANT
  • Pengolahan lebih lanjut dari produk
    utama CPO menjadi produk antara/akhir
  • Unit perdagangan untuk penjualan
    produk akhir konsumen                                          Bulk CPO Products                                              Bulk PK Products
  • Further processing of CPO primary                              • RBD palm oil                                                 • Palm kernel oil
    products into intermediate/final                                • RBD palm olein                                               • Palm kernel expeller
    products                                                       • RBD palm sterin
  • Trading arm for sale of final consumer                          • Palm fatty acid distillate (PFAD)
    products


                                                                Blended/Specialty Products*
          Refinery Capacity: ~850k
          MT of CPO                                                         • Edible oils
                                                                            • Oleochemicals
                                                                                                          Food and          Beauty and           Home care/
                                                                            • Biodiesel
          *Presently not produced by CBUT/
                                                                                                          Nutrition        Personal Care         industrials
          downstream business



   6      Laporan Tahunan 2025 Annual Report
Page 7
                                                 Pencapaian SSMS di Tahun 2025
                                                                              SSMS Achievements in 2025



         Penjualan                                            Total Aset                                         Total Ekuitas
           Sales                                             Total Assets                                         Total Equity


Rp
    14,81            triliun
                     trillion                            13,58
                                                        Rp                  triliun
                                                                            trillion
                                                                                                           Rp
                                                                                                               2,94          triliun
                                                                                                                             trillion


       ( 42,91% YoY)                                         ( 14,43% YoY)                                       ( 1,98% YoY)




                                                                                                      Laba Tahun Berjalan Setelah Efek
                                   Laba Bruto                             Laba Usaha                       Penyesuaian Proforma
                                 Operating Profit                        Operating Profit               Profit for The Year After Effect of
                                                                                                            Proforma Adjustment


                                 5,17
                                Rp           triliun
                                             trillion
                                                                  Rp
                                                                      2,55             triliun
                                                                                       trillion
                                                                                                           Rp
                                                                                                                1,39        triliun
                                                                                                                            trillion

                                 ( 57,82% YoY)                         ( 44,28% YoY)                            ( 67,43% YoY)




Total Produksi Tandan
Buah Segar (TBS)
Total Fresh Fruit Bunches
(FFB) Production




   1.628.452 MT
( 4,22%YoY)




             Total Produksi CPO
             Total CPO Production                   527.052 MT                         ( 14,23%YoY)




             Total Produksi Hilir
             Total Downstream Production            1.245.728 MT                       ( 52,24%YoY)




                                                                                                      PT Sawit Sumbermas Sarana Tbk        7
Page 8
Momentum Bisnis SSMS
SSMS Business Momentum

Perseroan terus memperkuat bisnis hulu melalui peningkatan                 The Company continues to strengthen its upstream business
produktivitas perkebunan serta efisiensi operasional yang                  through improved plantation productivity and operational
berkelanjutan, sekaligus mengembangkan segmen hilir melalui                efficiency, while also expanding its downstream segment through
restrukturisasi strategis dan pengembangan produk turunan kelapa           strategic restructuring and the development of value-added palm
sawit bernilai tambah. Langkah ini dilakukan untuk memperkuat              oil derivative products. These initiatives aim to reinforce SSMS’s
posisi SSMS sebagai perusahaan perkebunan kelapa sawit                     position as an integrated palm oil plantation company in Indonesia
terintegrasi di Indonesia serta mendukung program hilirisasi               while supporting the government’s downstream industry program.
industri yang dicanangkan pemerintah. Melalui inisiatif tersebut,          Through these efforts, the Company not only increases product value
Perseroan tidak hanya meningkatkan nilai tambah produk, tetapi             but also contributes positively to the national economy by creating
juga memberikan kontribusi positif terhadap perekonomian nasional          employment opportunities and stimulating economic activities in
melalui penciptaan lapangan kerja dan peningkatan aktivitas ekonomi        its operational areas.
di wilayah operasional.



                                                                                   2004
                             1995                                                         Entitas Anak
                                                                                          Mendirikan Entitas Anak, PT Kalimantan
                                      Pendirian                                           Sawit Abadi (KSA), pada 25 Maret 2004,
                                      Didirikan pada 22 November 1995, SSMS di            di Pangkalan Bun, Kalimantan Tengah.
                                      Pangkalan Bun, Kalimantan Tengah.                   Subsidiary
                                      Establishment                                       Established a Subsidiary, PT Kalimantan
                                      SSMS was established on November 22,                Sawit Abadi (KSA), on March 25, 2004, in
                                      1995 in Pangkalan Bun, Central Kalimantan.          Pangkalan Bun, Central Kalimantan.




                                                      Entitas Anak                                         Penawaran Umum Perdana
                                                      Mendirikan Entitas Anak,                             Melakukan penawaran umum
                                                      PT Mitra Mendawai                                    perdana saham (initial public
                                                      Sejahtera (MMS), pada 6                              offering/IPO) di Bursa Efek
                                                      Mei 1999 di Pangkalan Bun,                           Indonesia pada 12 Desember
                                                      Kalimantan Tengah.                                   2013.
                                                      Subsidiary                                           Initial Public Offering
                                                      Established a Subsidiary,                            Carried out the Initial Public
                                                      PT Mitra Mendawai                                    Offering (IPO) on Indonesia
                                                      Sejahtera (MMS), on May                              Stock Exchange (IDX) on
                                                      6, 1999, in Pangkalan Bun,                           December 12, 2013.
                                                      Central Kalimantan.

                                                                                                 2013

                                             1999




  8     Laporan Tahunan 2025 Annual Report
Page 9
                                                                                        2025

                                                                                               • Penandatanganan kesepakatan
2015                                                                                             pembiayaan sindikasi dengan Perbankan
                                                                                                 dan Lembaga Keuangan Nasional yang
                                                                                                 dipimpin oleh Bank BRI sebagai Original
       Merger dan Akuisisi                                                                       Mandated Lead Arranger & Bookrunner
       Mengakuisisi 4                                                                            (OMLAB), Bank BNI, Bank BSI, LPEI, Bank
       perkebunan, yaitu PT                                                                      Woori Saudara Indonesia 1906, Bank
       Menteng Kencana Mas, PT
                                        2022                                                     Maybank Indonesia, Bank KB Indonesia
       Mirza Pratama Putra, PT                                                                   dan Allo Bank Indonesia dengan nilai total
       Tanjung Sawit Abadi, dan                                                                  fasilitas pembiayaan maksimal senilai
       PT Sawit Multi Utama.                         Penandatanganan perjanjian                  Rp5,2 Triliun.
                                                     dengan Bank Sindikasi untuk               • Akuisisi PT Sawit Mandiri Lestari
       M&A
                                                     membeli kembali (buy back)                • Signing of syndicated financing
       Acquired 4 plantations: PT
                                                     sebagian obligasi global (global            agreements with Banks and National
       Menteng Kencana Mas, PT
                                                     bond).                                      Financial Institutions led by Bank BRI
       Mirza Pratama Putra, PT
                                                                                                 as Original Mandated Lead Arranger &
       Tanjung Sawit Abadi, and                      Agreement signing with
                                                                                                 Bookrunner (OMLAB), Bank BNI, Bank
       PT Sawit Multi Utama.                         Syndicated Bank to buyback a
                                                                                                 BSI, LPEI, Bank Woori Saudara Indonesia
                                                     portion of the global bond.
                                                                                                 1906, Bank Maybank Indonesia, Bank KB
                                                                                                 Indonesia and Allo Bank Indonesia with a
                                                                                                 maximum total value of financing facilities
                                                                                                 worth IDR5.2 trillion.
                                                                                               • Acquisition of PT Sawit Mandiri Lestari




                    Penerbitan Obligasi Global                        • Pembayaran penuh obligasi global sesuai tanggal
                    Menerbitkan obligasi global                         jatuh tempo.
                    sebesar USD300 juta dan                           • Konsolidasi terhadap CBUT dengan
                    mendirikan Entitas Anak,                            meningkatkan kepemilikan saham, menempatkan
                    SSMS Plantation International                       Perseroan sebagai Pemegang Saham Mayoritas.
                    Pte Ltd, terkait penerbitan                       • Perkebunan dan PKS di segmen hulu sepenuhnya
                    obligasi tersebut.                                  (100%) terakreditasi Roundtable on Sustainable
                    Global Bond Issuance                                Palm Oil (RSPO) dan Indonesian Sustainable Palm
                    Issued US$300 million global                        Oil (ISPO).
                    bond and established a                            • Full payment of global bond at its maturity.
                    subsidiary, SSMS Plantation                       • Consolidation of CBUT through increased share
                    International Pte.Ltd., in                          ownership, positioning the Company as the
                    relation to the bond issuance.                      majority shareholder.
                                                                      • Upstream Estates and POM fully (100%)
                                                                        accredited by Roundtable on Sustainable Palm
                                                                        Oil (RSPO) and Indonesian Sustainable Palm Oil
          2018
                                                                        (ISPO).

                                                            2023




                                                                                                      PT Sawit Sumbermas Sarana Tbk       9
Page 10
Keunggulan Kompetitif SSMS
SSMS Competitive Advantages

Konsolidasi terhadap PT Citra Borneo Utama Tbk        SSMS telah mendapatkan sertifikasi 100% RSPO
(CBUT) dengan meningkatkan kepemilikan saham          dan ISPO, yang mencerminkan operasional
telah menjadikan SSMS terintegrasi sepenuhnya         ramah lingkungan dan berkelanjutan. Selain
dari hulu ke hilir. Produk kelapa sawit diolah        itu, Perseroan berkontribusi dalam konservasi
menjadi turunan bernilai tambah, seperti Refined       dengan rehabilitasi 41 orangutan di Pulau Salat
Bleached Deodorized Palm Oil (RBDPO), Palm            serta pengelolaan limbah dan energi terbarukan.
Olein, dan Crude Palm Kernel Oil (CPKO) dengan        Langkah ini mendukung kepercayaan pemangku
kapasitas refinery sebesar 2.500 ton per hari.         kepentingan sekaligus melindungi lingkungan.
Integrasi ini menciptakan efisiensi operasional
                                                      SSMS has acquired 100% RSPO and ISPO                 Perkebunan SSMS terletak dalam radius 60 km
dan mendukung daya saing di pasar global.
                                                      certifications, reflecting its environmentally       dari pabrik utama, memastikan efisiensi logistik
                                                      friendly and sustainable operations. The Company     yang signifikan. Lokasi strategis ini mengurangi
The consolidation of PT Citra Borneo Utama Tbk
                                                      also contributes to conservation by rehabilitating   biaya operasional dan mendukung margin tinggi
(CBUT) through increased share ownership has
                                                      41 orangutans on Salat Island, as well as managing   untuk keberlanjutan bisnis.
enabled SSMS to achieve full integration from
upstream to downstream. Palm oil products are         waste and renewable energy. Such measures
                                                      boost stakeholders’ trust while protecting the       SSMS plantations are located within 60 km
processed into value-added derivatives such as
                                                      environment.                                         radius of the mills, ensuring significant logistics
Refined Bleached Deodorized Palm Oil (RBDPO),
                                                                                                           efficiency. These strategic locations reduce
Palm Olein, and Crude Palm Kernel Oil (CPKO),
                                                                                                           operational costs and enables high margins for
armed with refinery capacity of 2,500 tons per day.
                                                                                                           business sustainability.
This integration created operational efficiencies            Komitmen Keberlanjutan dan
and support the global market competitiveness.              Environmental, Social, and
                                                                Government (ESG)                                    Lokasi Strategis dengan
          Integrasi Hulu dan Hilir                         Sustainability Commitment and                               Efisiensi Logistik
         Upstream and Downstream                             Environmental, Social, and                        Strategic Locations with Logistics
                Integration                                      Government (ESG)                                          Efficiency




     Pertumbuhan Produksi yang                           Kontribusi Sosial dan Hubungan                               Tim Manajemen yang
   Didukung oleh Potensi Tanaman                            dengan Komunitas Lokal                                      Berpengalaman
        Muda dan Lahan Baru                              Social Contribution and Relationship                    Experienced Management Team
       Production Growth Supported by                          with Local Communities
       Potential Young Plants and New                                                                      Kepemimpinan perusahaan didukung oleh
                Plots of Land                                                                              tim manajemen dan dewan komisaris yang
                                                      Investasi sosial SSMS mencapai Rp23,83 miliar
                                                                                                           berpengalaman luas di industri kelapa sawit.
                                                      pada 2024, mencakup 911 kegiatan dengan
                                                                                                           Kepemimpinan mereka berperan dalam
Profil tanaman muda yang dimiliki SSMS                penerima manfaat sebanyak 47 desa dan 616.128
                                                                                                           mendorong pertumbuhan dan inovasi SSMS di
berpotensi menghasilkan produktivitas tinggi          individu. Hubungan baik dengan masyarakat
                                                                                                           pasar global.
dalam jangka panjang. Selain itu, luas lahan belum    setempat mendukung kelancaran operasional
tertanam yang signifikan memberikan peluang            perusahaan dan memperkuat keberlanjutan
                                                                                                           The company ’s leadership is backed by
ekspansi dan peningkatan hasil produksi di masa       hubungan komunitas.
                                                                                                           experienced management team and board of
depan.                                                                                                     commissioners with broad experience in palm
                                                      In 2024, SSMS social investment amounted
                                                                                                           oil industry. Their leadership plays a role in driving
SSMS’s young plant profile has long term high-         to IDR23.83 billion, covering 911 activities with
                                                                                                           SSMS’ growth and innovation forward in the global
productivity potentials. Also, significant unplanted   47 villages and 616,128 individuals listed as
                                                                                                           market.
land area provides future expansion opportunities     beneficiaries. Good relationships with local
and production growth.                                communities support the company’s smooth
                                                      operation and solidify a continuous community
                                                      relationships.



  10      Laporan Tahunan 2025 Annual Report
Page 11
                                                                                                         Daftar Isi
                                                                                           Table of Content
Sanggahan dan Batasan Tanggung                                                    Strategi Pengelolaan Sumber Daya
Jawab                                                                             Manusia 2025
Disclaimer and Limitation of
Responsibility
                                    2
                                           02                                     2025 Human Resources Management
                                                                                                                            103
                                                                                  Strategy
Kesinambungan Tema                                                                Informasi Pemegang Saham
Theme Continuity
                                    4                                                                                       106
                                                                                  Shareholders Information
Model Bisnis dan Rantai Nilai                                                     Informasi Pemegang Saham Utama
Perusahaan                                                                        dan/atau Pengendali
Company Business Model and Value
                                    6                                                                                       109
                                                                                  Information of Major and/or Controlling
Chain
                                                    Laporan Manajemen             Shareholders
Pencapaian SSMS di Tahun 2025
                                    7
                                                    Management Report             Struktur Grup Perusahaan
SSMS Achievements in 2025                                                         Company’s Group Structure
                                                                                                                            111

Momentum Bisnis SSMS                                                              Informasi Entitas Anak dan/atau
                                    8    Laporan Dewan Komisaris
SSMS Business Momentum
                                         Board of Commissioners’ Report
                                                                            40    Entitas Asosiasi
                                                                                  Information on Subsidiary and/or
                                                                                                                            112
Keunggulan Kompetitif SSMS                                                        Associated Entity
                                    10   Laporan Direksi
SSMS Competitive Advantages
                                         Board of Directors’ Report
                                                                            48
                                                                                  Profil Entitas Anak dan Asosiasi
Daftar Isi                                                                        Profiles of Subsidiaries and Associated    113
                                    11   Tanggung Jawab Laporan Tahunan
Table of Content
                                         Annual Report Responsibility
                                                                            60    Entities

                                         Tanggung Jawab Laporan Tahunan           Kronologi Pencatatan Saham
                                                                            61    Chronology of Share Listing
                                                                                                                            115
                                         Annual Report Responsibility
                                                                                  Kronologi Obligasi dan Efek Lainnya
   01                                                                             Chronology of Bond and Other              116
                                                                                  Securities

                                           03                                     Informasi Kantor Akuntan Publik
                                                                                  Public Accounting Firm Information
                                                                                                                            117

                                                                                  Lembaga/Profesi Penunjang Pasar
                                                                                  Modal
                                                                                  Capital Market Supporting Institutions/
                                                                                                                            118
           Kilas Kinerja 2025                                                     Professions
      2025 Performance Highlights                                                 Informasi Website Perseroan
                                                                                  Information on the Company Website
                                                                                                                            119
                                                      Profil Perusahaan
Ikhtisar Kinerja Keuangan                              Company Profile
Financial Performance Highlights
                                    16

Grafik Kinerja Keuangan
Chart Of Financial Performance
                                    19   Informasi dan Data Perusahaan
                                         Company Information and Data
                                                                            64      04
Grafik Kinerja Keuangan
Chart Of Financial Performance
                                    20   Riwayat Singkat Perusahaan
                                         Brief History of the Company
                                                                            66
Ikhtisar Operasional
Operational Highlights
                                    21   Visi - Misi Perusahaan
                                         Company Vision and Mission
                                                                            68
Ikhtisar Saham
Share Highlights
                                    24   Nilai-Nilai Perusahaan
                                         Corporate Values
                                                                            69    Analisis dan Pembahasan Manajemen
Penghargaan dan Sertifikasi                                                        Management Discussion and Analysis
Awards and Certifications
                                    26   Bidang Usaha
                                         Line of Business
                                                                            70
Kilas Peristiwa 2025
2025 Event Highlights
                                    36   Wilayah Operasional
                                         Operational Area
                                                                            74    Tinjauan Perekonomian dan Industri
                                                                                  Economic and Industrial Review
                                                                                                                            122
                                         Keanggotaan Asosiasi
                                         Association Membership
                                                                            77    Strategi Bisnis
                                                                                  Business Strategy
                                                                                                                            125
                                         Struktur Organisasi
                                         Organizational Structure
                                                                            78    Aspek Pemasaran
                                                                                  Marketing Aspect
                                                                                                                            126
                                         Profil Dewan Komisaris
                                         Profile of Board of Commissioners
                                                                            81    Prospek Usaha
                                                                                  Business Prospect
                                                                                                                            127
                                         Profil Direksi
                                         Profile of Board of Directors
                                                                            89    Tinjauan Operasi Per Segmen Usaha
                                                                                  Review of Business Segments
                                                                                                                            129
                                         Profil Sumber Daya Manusia
                                         Human Resources Profile
                                                                            100   Tinjauan Keuangan
                                                                                  Financial Review
                                                                                                                            137




                                                                                          PT Sawit Sumbermas Sarana Tbk           11
Page 12
Kemampuan Membayar Utang dan                     Struktur Tata Kelola Perusahaan                 Akses Informasi dan Data Perusahaan
Tingkat Kolektibilitas Piutang                   Corporate Governance Structure
                                                                                           165   Access to Company’s Information and      256
Pay Debt Ability and Receivables
                                           141                                                   Data
Collectability                                   Rapat Umum Pemegang Saham
                                                 General Meeting of Shareholders
                                                                                           167   Pernyataan dan Praktik Bad Corporate
Struktur Modal dan Kebijakan                                                                     Governance
                                                                                                                                          257
Manajemen atas Struktur Modal                    Dewan Komisaris                                 Statements and Practices of Bad
                                           143   Board of Commissioners
                                                                                           177   Corporate Governance
Capital Structure and Management
Policy on Capital Structure
                                                 Direksi                                         Pengungkapan Pedoman Tata Kelola
                                                                                           188   Perusahaan Terbuka
Ikatan yang Material untuk Investasi             Board of Directors                                                                       258
Barang Modal                                                                                     Disclosure Of Corporate Governance
Material Commitments for Capital
                                           144   Nominasi dan Remunerasi Dewan                   Guidelines For Public Companies
Expenditure                                      Komisaris Dan Direksi
                                                 Nomination and Remuneration of The
                                                                                           198   Penerapan Aspek dan Prinsip Tata
Realisasi Investasi Barang Modal                 Board of Commissioners and Directors            Kelola Perusahaan Sesuai Ketentuan
Capital Expenditure Realisation
                                           144                                                   Pedoman Umum Governansi Korporat
                                                 Keberagaman Dewan                               Indonesia
                                                                                           202                                            262
Perbandingan antara Target dengan                Board Diversity                                 Implementation of Corporate
Realisasi                                                                                        Governance Aspects and Principles
Comparison between Targets and
                                           145   Hubungan Afiliasi                                Following the Provisions of Indonesian
                                                 Affiliate Relationship
                                                                                           203   General Guidelines for Corporate
Realisation
                                                                                                 Governance
Tinjauan Keuangan Lainnya                        Organ Pendukung Dewan Komisaris
Other Financial Reviews
                                           148   Supporting Organs of the Board of         204
                                                 Commissioners
Informasi Material Mengenai Investasi,
Ekspansi, Divestasi, Penggabungan                Organ Pendukung Direksi
Usaha, Akuisisi, dan/atau                        Supporting Organs of the Board of
                                                 Directors
                                                                                           218     06
Restrukturisasi Utang/Modal
Material Information Regarding
                                           149
Investment, Expansion, Divestment,               Sistem Pengendalian Internal
                                                 Internal Control System
                                                                                           236
Merger, Acquisition, and/or Debt/Capital
Restructuring
                                                 Manajemen Risiko
                                                 Risk Management
                                                                                           239
Informasi Transaksi Material yang
Mengandung Benturan Kepentingan
dan/atau Transaksi dengan Pihak                  Identifikasi Risiko
                                                 Risk Identification
                                                                                           241   Tanggung Jawab Lingkungan dan Sosial
Afiliasi/Pihak Berelasi
Information on Material Transactions
                                           150                                                        Operational Support Aspects
Containing Conflicts of Interest and/             Perkara Hukum
                                                 Legal Matters
                                                                                           244
or Transactions with Affiliated Parties/
Related Parties                                                                                  Komitmen Perseroan dalam
                                                 Sanksi Administrasi
                                                 Administrative Sanctions
                                                                                           244   Pelaksanaan TJSL
Perubahan Peraturan Perundang-                                                                   The Company’s Commitment to Social
                                                                                                                                          284
Undangan yang Berpengaruh                                                                        and Environmental Responsibility (SER)
Signifikan Terhadap Perusahaan              154   Kode Etik
                                                 Code of Conduct
                                                                                           245
Changes to Laws and Regulations with a                                                           Visi dan Misi TJSL
Significant Impact on the Company                                                                 Ser Vision and Mission
                                                                                                                                          285
                                                 Kebijakan Pemberian Kompensasi
Perubahan Kebijakan Akuntansi dan                Jangka Panjang Berbasis Kinerja
                                                 Kepada Manajemen dan/atau                       Pengakuan Eksternal Terhadap
Dampaknya Terhadap Perusahaan                                                                    Program TJSL Perseroan
Changes in Accounting Policy and Their
                                           154   Karyawan                                  246                                            306
                                                 Performance-Based Long-Term                     External Recognition Of Company’s Ser
Impact on the Company                                                                            Program
                                                 Compensation Policy for Management
Informasi Kelangsungan Usaha                     and/or Employees
Business Continuity Information
                                           155
                                                 Kebijakan Pengungkapan Informasi
Tinjauan Teknologi Informasi                     Transaksi Pembelian/Penjualan Saham
                                           155   Oleh Dewan Komisaris Dan Direksi
Information Technology Review
                                                 Policy on Disclosure of Share Purchase/
                                                                                           247      07
                                                 Sale Transactions By the Board of
                                                 Commissioners and Board of Directors

                                                 Sistem Pelaporan Pelanggaran
                                                                                           248
  05                                             Whistleblowing System

                                                 Kebijakan Anti Korupsi
                                                 Anti-Corruption Policy
                                                                                           251
                                                                                                             Laporan Keuangan
                                                 Pengendalian Gratifikasi
                                                 Gratification Control
                                                                                           252              Financial Statements
                                                 Pengadaan Barang dan Jasa
                                                 Procurement of Goods and Services
                                                                                           254
         Tata Kelola Perusahaan
          Corporate Governance                   Pencegahan Transaksi Orang Dalam
                                                 Prevention of Insider Trading
                                                                                           255

                                                 Perlakuan Adil dan Setara Terhadap
Komitmen Penerapan Tata Kelola                   Pemegang Saham
Perusahaan Yang Baik                             Fair and Equal Treatment of
                                                                                           255
Commitment to the Implementation of
                                           160
                                                 Shareholders
Good Corporate Governance




 12      Laporan Tahunan 2025 Annual Report
Page 13
PT Sawit Sumbermas Sarana Tbk   13
Page 14
01

Kilas
Kinerja 2025
2025
Performance
Highlights




14   Laporan Tahunan 2025 Annual Report
Page 15
           Laporan Manajemen
           Management Report




PT Sawit Sumbermas Sarana Tbk   15
Page 16
Ikhtisar Kinerja Keuangan
Financial Performance Highlights


LAPORAN POSISI KEUANGAN KONSOLIDASIAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(Disajikan dalam miliar rupiah kecuali dinyatakan lain
Expressed in billions of rupiah, unless otherwise stated)
                                                                                                                                         Pertumbuhan
                                                                                                                                       Growth 2025-2023
                                       Uraian
                                                                           2025               2024*                 2023
                                     Description                                                                                     Nominal
                                                                                                                                                          %
                                                                                                                                     Amount

Aset Lancar                                                                       5.901             5.212               5.028                    689           13,22
Current Assets

Aset Tidak Lancar                                                              7.683                6.659                6.782                  1.024          15,38
Non-Current Assets

Jumlah Aset                                                                   13.584                11.871              11.810                  1.713         14,43
Total Assets

Liabilitas Jangka Pendek                                                       4.613                4.751                4.755                   (138)        (2,90)
Current Liabilities

Liabilitas Jangka Panjang                                                     6.029                 4.235               5.066                   1.794         42,36
Non-Current Liabilities

Jumlah Liabilitas                                                            10.643                 8.986               9.820                   1.657         18,44
Total Liabilities

Jumlah Ekuitas                                                                    2.941             2.885                1.990                       56         1,94
Total Equity

Ekuitas yang Dapat Diatribusikan kepada
Equity attributable to:

Pemilik Entitas Induk – Netto                                                 2.278                 2.622                  1.751                (344)         (13,12)
The Parent Entity – net

Kepentingan Non-Pengendali                                                         664                263                    239                  401         152,47
Non-Controlling Interests
*) Disajikan kembali | Restatement



LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

(Disajikan dalam miliar rupiah kecuali dinyatakan lain
Expressed in billions of rupiah, unless otherwise stated)
                                                                                                                                       Pertumbuhan
                                                                                                                                     Growth 2025-2024
                           Uraian
                                                            2025                   2024*                     2023
                         Description                                                                                               Nominal
                                                                                                                                                          %
                                                                                                                                   Amount

Pendapatan dari Kontrak dengan Pelanggan                       14.813                     10.367                    10.703                   4.446            42,89
Revenue from Contracts with Customers

Beban Pokok Penjualan                                         (9.638)                     (7.088)                   7.904                (2.550)              35,98
Cost of Sales

Laba Bruto                                                         5.175                   3.279                    2.799                    1.896             57,82
Gross Profit

Laba Usaha                                                     2.548                       1.766                     1.196                    782             44,28
Operating Profit



 16        Laporan Tahunan 2025 Annual Report
Page 17
                                                                                                                       Kilas Kinerja 2025
                                                                                                             2025 Performance Highlights




(Disajikan dalam miliar rupiah kecuali dinyatakan lain
Expressed in billions of rupiah, unless otherwise stated)
                                                                                                                     Pertumbuhan
                                                                                                                   Growth 2025-2024
                           Uraian
                                                            2025           2024*           2023
                         Description                                                                            Nominal
                                                                                                                                        %
                                                                                                                Amount

Laba Sebelum Pajak Penghasilan Badan                               1.927           1.213           552                      714              58,86
Profit Before Corporate Income Tax

Pajak Penghasilan Badan                                             535              381          (208)                    154               40,42
Corporate Income Tax

Laba Tahun Berjalan Setelah Efek Penyesuaian                       1.393            832            344                      561              67,43
Proforma
Profit for The Year After Effect of Proforma
Adjustment

Efek penyesuaian proforma                                          (190)              13           174                    (203)         (1.561,54)
Effect of proforma adjustment

Laba Tahun Berjalan Sebelum Efek Penyesuaian                       1.203            845            518                     358               42,37
Proforma
Profit for The Year Before Effect of Proforma
Adjustment

Penghasilan Komprehensif Lain Setelah Pajak                          32              64             (3)                    (32)             (50,00)
Other Comprehensive Income, Net of Tax

Total Laba Komprehensif Tahun Berjalan                             1.235            909             516                    326               35,86
Total Comprehensive Income for The Year

Efek penyesuaian proforma atas penghasilan                         0,62                -             11                   0,62              100,00
(rugi) komprehensif lain
Effect of proforma adjustment from other
comprehensive income (loss)
Total Laba Komprehensif Tahun Berjalan Setelah                     1.235            909            527                     326               35,86
Penyesuaian Proforma
Total Comprehensive Income for The Year After
Proforma Adjustment

Laba Tahun Berjalan yang dapat Diatribusikan kepada:
Profit for The Year Attributable to:

Pemilik Entitas Induk                                              1.161            820            512                      341               41,59
Owners of the parent
Kepentingan Non-Pengendali                                           42              25              6                       17              68,00
Non-Controlling interests

Laba Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada:
Comprehensive Income for The Year Attributable to:

Pemilik Entitas Induk                                              1.186            878            521                     308               35,08
Owners of the parent

Kepentingan Non-Pengendali                                           50               31             6                       19              61,29
Non-Controlling interests

Laba per Saham (nilai penuh)                                   121,86              86,04          53,78                   35,82               41,63
Earnings per Share (Full Amount)
*) Disajikan kembali | Restatement




                                                                                                          PT Sawit Sumbermas Sarana Tbk        17
Page 18
LAPORAN ARUS KAS
STATEMENTS OF CASH FLOWS

(Disajikan dalam miliar rupiah kecuali dinyatakan lain
Expressed in billions of rupiah, unless otherwise stated)
                                                                                                                            Pertumbuhan
                                       Uraian                                                                             Growth 2025-2023
                                                                         2025             2024*           2023
                                     Description                                                                         Nominal
                                                                                                                                       %
                                                                                                                         Amount
Arus Kas dari Aktivitas Operasi                                                  1.097        993             624                 104           10,47
Cash Flows from Operating Activities
Arus Kas dari Aktivitas Investasi                                           (1.902)               91         1.451           (1.993)       (2.190,11)
Cash Flows from Investing Activities
Arus Kas dari Aktivitas Pendanaan                                                 494       (1.238)              258             1.732      (139,90)
Cash Flows from Financing Activities
Kenaikan (Penurunan) Neto Kas dan Setara Kas                                     (311)       (154)               569             (157)          101,95
Net Increase (Decrease) in Cash and Cash Equivalents
Penyesuaian Arus Kas Merging Bisnis                                                   -        (13)                -              (13)     (100,00)
Adjustment of Merging Business Cash Flows
Dampak Neto Perubahan Nilai Tukar atas Kas dan Setara Kas                             5        110               0,9             (105)       (95,45)
Net Effect of Changes in Exchanges Rates on Cash and Cash Equivalents
Kas dan Setara Kas Awal Tahun                                                    1.180       1.237           1.807                (57)          (4,61)
Cash and Bank at Beginning of the Year
Kas dan Setara Kas Akhir Tahun                                                    874        1.180           1.237               (306)       (25,93)
Cash and Bank at End of the Year
*) Disajikan kembali
Restatement



RASIO-RASIO KEUANGAN PENTING
SIGNIFICANT FINANCIAL RATIOS

                                       Uraian                           Satuan
                                                                                          2025                   2024                    2023
                                     Description

Rasio Likuiditas
Liquidity Ratio
Rasio lancar                                                                      %            127,92                  109,70                105,74
Current Ratio
Rasio Solvabilitas
Solvability Ratio
Rasio liabilitas terhadap jumlah aset                                             %               78,35                 75,70                   83,15
Debt to Asset Ratio (DAR)
Rasio liabilitas terhadap ekuitas                                                 %            361,88                   311,58               493,47
Debt to Equity Ratio (DER)
Rasio Profabilitas
Profitability Ratio
Rasio margin laba kotor                                                           %               34,94                 31,64                   26,15
Gross Profit Margin (GPM)
Rasio margin laba usaha                                                           %               17,20                 17,04                    11,17
Operating Profit Margin (OPM)
Rasio margin laba bersih                                                          %                9,40                  8,03                     3,21
Net Profit Margin (NPM)
Rasio laba (rugi) terhadap jumlah aset                                            %               10,25                   7,01                    2,91
Return on Assets (ROA)
Rasio laba (rugi) terhadap ekuitas                                                %               47,36                 28,85                    17,29
Return on Equity (ROE)
Rasio laba (rugi) terhadap pendapatan                                             %                9,40                  8,03                     3,21
penjualan Return on Sales (ROS)
*) Disajikan kembali | Restatement




 18        Laporan Tahunan 2025 Annual Report
Page 19
                                                                                                       Kilas Kinerja 2025
                                                                                             2025 Performance Highlights




                                                              Grafik Kinerja Keuangan
                                                            Chart Of Financial Performance


Pendapatan dari Kontrak dengan Pelanggan                          Laba Bruto
Revenue from Contracts with Customers                             Gross Profit


       (dalam miliar Rupiah / in billion Rupiah)                         (dalam miliar Rupiah / in billion Rupiah)


                                                   14.813




                                                                                                                     5.175
                                                                                                 3.279
               10.703




                                                                                 2.799
                               10.367




        2023            2024             2025                             2023            2024             2025




Laba Tahun Berjalan Setelah Efek
Penyesuaian Proforma                                              Laba per Saham Dasar
Profit for The Year After Effect                                  Earnings per Share
of Proforma Adjustment


       (dalam miliar Rupiah / in billion Rupiah)                         (dalam miliar Rupiah / in billion Rupiah)
                                                                                                                     121,86
                               832



                                                   1.393




                                                                                                 86,04
                                                                                 53,78
               344




        2023            2024             2025                             2023            2024             2025




                                                                                         PT Sawit Sumbermas Sarana Tbk        19
Page 20
  Grafik Kinerja Keuangan
  Chart Of Financial Performance


Aset                                                          Liabilitas                                                   Ekuitas
Assets                                                        Liabilities                                                  Equity


         (dalam miliar Rupiah / in billion Rupiah)                    (dalam miliar Rupiah / in billion Rupiah)                     (dalam miliar Rupiah / in billion Rupiah)
                                                     13.584




                                                                                                                                                                                2.941
                                 11.871




                                                                                                                                                            2.884
                                                                                                                  10.643
                 11.810




                                                                              9.820



                                                                                              8.986




                                                                                                                                            1.990
          2023            2024             2025                        2023            2024             2025                         2023            2024             2025




Rasio Lancar                                                  Rasio Liabilitas terhadap Ekuitas                            Rasio Liabilitas terhadap Aset
Current Ratio                                                 Debt to Equity Ratio                                         Debt to Asset Ratio


         (dalam miliar Rupiah / in billion Rupiah)                    (dalam miliar Rupiah / in billion Rupiah)                     (dalam miliar Rupiah / in billion Rupiah)
                                                     110,95
                                 110,95




                                                                              493,50




                                                                                                                                            83,15



                                                                                                                                                            75,42



                                                                                                                                                                                75,42
                                                                                              306,90



                                                                                                                  306,90
                 105,75




          2023            2024             2025                        2023            2024             2025                         2023            2024             2025




    20        Laporan Tahunan 2025 Annual Report
Page 21
                                                                                  Kilas Kinerja 2025
                                                                        2025 Performance Highlights




                                                      Ikhtisar Operasional
                                                       Operational Highlights

                                 Uraian      Satuan
                                                        2025               2024                2023
                               Description    Unit


Volume Produksi
Production Volume

Segmen Perkebunan
Plantation Segment

1. Tandan Buah Segar
1. Fresh Fruit Bunches

Tandan Buah Segar dari perkebunan inti        MT         1.628.452           1.562.446             1.723.170
Fresh Fruit Bunches from nucleus estate

Tandan Buah Segar dari perkebunan plasma      MT           178.559              134.421                94.226
Fresh Fruit Bunches from plasma estate

Tandan Buah Segar dari pihak ketiga           MT          596.153              488.647                 571.063
Fresh Fruit Bunches from third party

Total Tandan Buah Segar                       MT        2.403.164             2.185.514           2.388.459
Total Fresh Fruit Bunches

2. Pengolahan Tandan Buah Segar
2. Fresh Fruit Bunches Processing

TBS yang Diolah di Pabrik                     MT        2.382.942             2.118.160           2.345.131
Fresh Fruit Bunches Processed at the Mil l

Minyak Kelapa Sawit                           MT          527.052               461.414                518.819
Crude Palm Oil

Inti Sawit                                    MT           104.130              89.833                 99.082
Palm Kernel

Minyak Inti Sawit                             MT            15.379              20.388                 22.372
Palm Kernel Oil

Total Produksi pengolahan TBS                 MT          646.561              571.365            640.273*
Total Production of FFB Processing

Segmen Minyak Nabati
Edible Oil Segment

Minyak Kelapa Sawit yang Diolah               MT          603.701              404.771                 780.010
Processed CPO

Minyak Inti Sawit                             MT           28.997                 21.099               24.998
Crude Palm Kernel Oil

RBDPO                                         MT          569.213              387.457               746.544
Refined Bleached Deodorized Palm Oil

RBDP Olein                                    MT          467.934              296.405               584.864
Refined Bleached Deodorized Palm Olein

RBDPS                                         MT           101.221              67.660                 137.360
Refined Bleached Deodorized Palm Stearin

PFAD                                          MT            21.913              15.064                 29.323
Palm Fatty Acid Distillate
PKE                                           MT           37.506               28.086                 34.448
Palm Kernel Expeller

Lain-lain                                     MT            4.544                 2.489                  1.185

Total Produksi Segmen Minyak Nabati           MT         1.231.329             818.260            1.558.722
Total Produksi Segmen Minyak Nabati

Total Produksi                                MT         1.877.891            1.389.895           2.198.995
Total Production*


                                                                     PT Sawit Sumbermas Sarana Tbk         21
Page 22
                                Uraian          Satuan
                                                             2025           2024            2023
                              Description        Unit


Penjualan Produk
Product Sales

Segmen Perkebunan
Plantation Segment

Tandan Buah Segar                                 MT            15.371                 0       43.755
Fresh Fruit Bunches

Minyak Kelapa Sawit                               MT                7.526          15.799      24.935
Crude Palm Oil

Inti Sawit                                        MT            25.875             1.000           2.997
Palm Kernel

Minyak Inti Sawit                                 MT            14.260         20.701          22.450
Palm Kernel Oil

Total Penjualan                                   MT            63.032         37.500              94.137
Total Sales (1)

Segmen Minyak Nabati
Edible Oil Segment

RBDPO                                             MT                9.992      23.844          22.982
Refined Bleached Deodorized Palm Oil

RBDP Olein                                        MT           471.293        298.372          570.918
Refined Bleached Deodorized Palm Olein

RBDPS                                             MT           109.919             64.351      142.907
Refined Bleached Deodorized Palm Stearin

Minyak Inti Sawit                                 MT            30.633         22.045          25.698
Palm Kernel Oil

PFAD                                              MT            17.688         16.060              33.178
Palm Fatty Acid Distillate

Minyak Sawit Mentah                               MT            171.014       258.099          24.935
Crude Palm Oil

PKE                                               MT            45.763         27.900          32.072
Palm Kernel Expeller

Lain-lain                                         MT                9.854          2.779            1.516
Other

Total Penjualan                                   MT           866.155         713.451        854.206
Total Sales (2)

Total Penjualan                                   MT           929.187         750.951        948.343
Total Sales (1 + 2)

Penjualan
Sales

Segmen Perkebunan
Plantation Segment

Tandan Buah Segar                               Rp-Miliar              51              0             103
Fresh Fruit Bunches                            IDR-Billion

Minyak Kelapa Sawit                             Rp-Miliar             99              211              0
Crude Palm Oil                                 IDR-Billion

Inti Sawit                                      Rp-Miliar             321              11              15
Palm Kernel                                    IDR-Billion

Minyak Inti Sawit                               Rp-Miliar             371            379             266
Palm Kernel Oil                                IDR-Billion

Total Penjualan                                 Rp-Miliar            842             601             384
Total Sales (1)                                IDR-Billion




 22       Laporan Tahunan 2025 Annual Report
Page 23
                                                                                     Kilas Kinerja 2025
                                                                           2025 Performance Highlights




                               Uraian       Satuan
                                                         2025                 2024                2023
                             Description     Unit


Segmen Minyak Nabati
Edible Oil Segment

RBDPO                                       Rp-Miliar            164                  303                   293
Refined Bleached Deodorized Palm Oil       IDR-Billion

RBDP Olein                                  Rp-Miliar           7.851                4.234                 7.297
Refined Bleached Deodorized Palm Olein     IDR-Billion

RBDPS                                       Rp-Miliar           1.667                 862                  1.703
Refined Bleached Deodorized Palm Stearin   IDR-Billion

Minyak Inti Sawit                           Rp-Miliar            837                  396                   286
Palm Kernel Oil                            IDR-Billion

PFAD                                        Rp-Miliar            254                  207                   346
Palm Fatty Acid Distillate                 IDR-Billion

Minyak Sawit Mentah                         Rp-Miliar           2.990                3.692                   331
Crude Palm Oil                             IDR-Billion

PKE                                         Rp-Miliar             80                   42                    49
Palm Kernel Expeller                       IDR-Billion

Lain-lain                                   Rp-Miliar             128                  30                     15
Others                                     IDR-Billion

Total Penjualan                             Rp-Miliar       13.971                   9.766                10.319
Total Sales (2)                            IDR-Billion

Total Penjualan                             Rp-Miliar
                                                            14.813                 10.367                 10.703
Total Sales (1 + 2)                        IDR-Billion




                                                                        PT Sawit Sumbermas Sarana Tbk        23
Page 24
Ikhtisar Saham
Share Highlights
Kode Saham: SSMS                                                             Ticker Code: SSMS
Jumlah Saham: 9.525.000.000 lembar saham                                     Number of Shares: 9,525,000,000 shares
Tempat Pencatatan Saham: Bursa Efek Indonesia                                Listing Place: Indonesia Stock Exchange (IDX)
Pemegang Saham:                                                              Shareholders:
1. PT Citra Borneo Indah: 65,83%                                             1. PT Citra Borneo Indah: 65.83%
2. PT Putra Borneo Agro Lestari: 10,13%                                      2. PT Putra Borneo Agro Lestari: 10.13%
3. Masyarakat (dibawah 5%): 24,04%                                           3. Public (each below 5%): 24.04%




Harga, Volume, Nilai dan Kapitalisasi Saham
Share Price, Volume, Value and Capitalization

                  Jumlah                                      Pergerakan Harga Saham
                                 Kapitalisasi
                  Saham                                         Shares Price Movement                            Volume
                                   Pasar                                                                                  Jumlah Saham yang
                 Beredar                                                                                      Perdagangan
                                   Market                                                                                   Diperdagangkan
  Periode         Number                           Harga         Harga          Harga             Harga          Trading
                                Capitalization                                                                            Total Shares Trading
   Period        of Shares                      Pembukaan      Tertinggi      Terendah         Penutupan         Volume
                                (Rp-Juta/IDR                                                                                 (Dalam juta/In
                Outstanding                    Opening Price Highest Price Lowest Price       Closing Price     (Saham/
                                  -Million)                                                                                      million)
                 (Saham/                         (Rp | IDR)    (Rp | IDR)     (Rp | IDR)        (Rp | IDR)       Share)
                  Share)
 2025

 Triwulan I     9.525.000.000       16.291.719        1.702         2.093             1.277           1.770    506.704.200             866.675
 Quarter I

 Triwulan II    9.525.000.000      14.243.844         1.527          1.652            1.378           1.425    450.903.600             674.289
 Quarter II

 Triwulan III   9.525.000.000      13.886.656         1.395          1.645            1.290           1.502    700.334.000            1.021.029
 Quarter III

 Triwulan IV    9.525.000.000      15.585.281         1.675          1.745            1.545           1.580    496.498.800             812.396
 Quarter IV

 2024

 Triwulan I     9.525.000.000      10.287.000         1.085          1.175            1.020           1.040    574.045.500             619.969
 Quarter I

 Triwulan II    9.525.000.000       9.870.281         1.045          1.110             965            1.025    490.004.500             507.767
 Quarter II

 Triwulan III   9.525.000.000      10.298.906         1.030          1.175            1.025           1.095    606.659.300             655.950
 Quarter III

 Triwulan IV    9.525.000.000       11.465.719         1.215         1.305             995            1.300     560.151.300            674.282
 Quarter IV




  24      Laporan Tahunan 2025 Annual Report
Page 25
                                                                                                                               Kilas Kinerja 2025
                                                                                                                     2025 Performance Highlights




 Grafik Pergerakan Saham dan Volume Perdagangan
 Chart of Share Movement and Trading Volume


        1.600.000.000                                                                                                                       2.500

       1.400.000.000
                                                                                                                                            2.000
        1.200.000.000


        1.000.000.000                                                                                                                       1.500

         800.000.000
                                                                                                                                            1.000
         600.000.000

         400.000.000
                                                                                                                                            500
         200.000.000

                   0                                                                                                                        0
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                                                       Volume Perdagangan (Rp Ribu)             Harga Penutupan
                                                       Trading Volume (IDR Thousand)            Closing Price


AKSI KORPORASI                                                                    CORPORATE ACTION

Selama tahun buku 2025, Perseroan tidak melakukan aksi korporasi                  During the financial year 2025, the Company did not undertake any
yang berdampak pada perubahan struktur permodalan, termasuk                       corporate actions that resulted in changes to its capital structure,
namun tidak terbatas pada pemecahan saham (stock split),                          including but not limited to stock splits, reverse stock splits,
penggabungan saham (reverse stock split), penerbitan saham                        bonus share issuances, changes in par value, issuance of equity or
bonus, perubahan nilai nominal saham, penerbitan efek bersifat                    convertible securities, as well as increases or reductions in issued
ekuitas maupun efek yang dapat dikonversi menjadi saham, serta                    and paid-up capital.
penambahan atau pengurangan modal ditempatkan dan disetor.

Namun demikian, Perseroan juga memperoleh fasilitas pinjaman                      However, the Company obtained syndicated loan facilities as part
sindikasi sebagai bagian dari strategi penguatan struktur pendanaan               of its strategy to strengthen its funding structure and liquidity. In
dan likuiditas. Selain itu, Perseroan melaksanakan aksi korporasi                 addition, the Company executed a corporate action in the form of
dalam bentuk ekspansi usaha melalui akuisisi PT Sawit Mandiri                     business expansion through the acquisition of PT Sawit Mandiri
Lestari sebagai bagian dari strategi pertumbuhan anorganik.                       Lestari as part of its inorganic growth strategy.

Dengan demikian, struktur permodalan saham Perseroan tetap                        Accordingly, the Company’s share capital structure remained
tidak mengalami perubahan material selama periode pelaporan.                      unchanged with no material changes during the reporting period.

Pembagian Dividen Saham                                                           Dividend Distribution
Berdasarkan keputusan RUPS Tahunan tanggal 21 April 2025, Perseroan               Based on the AGMS resolution on April 21, 2025, the Company approved
menyetujui pembagian dividen tunai dengan total dividen sebesar                   the distribution of cash dividends with a total of IDR450 billion and a
Rp450 miliar dan nilai dividen per saham Rp47,24 yang dibagikan                   dividend value of IDR47.24 per share, which was distributed on May
pada tanggal 21 Mei 2025. Informasi lengkap mengenai pembagian                    21, 2025. Complete information regarding the dividend distribution
dividen dapat dilihat pada bab Analisa Pembahasan dan Manajemen.                  can be found in the Management’s Discussion and Analysis chapter.

INFORMASI PENGHENTIAN SEMENTARA                                                   INFORMATION ON SHARE SUSPENSION AND
PERDAGANGAN SAHAM (SUSPENSION) DAN                                                OR DELISTING
ATAU PENGHAPUSAN PENCATATAN
SAHAM (DELISTING)

Pada tanggal 4 Februari 2025, PT Bursa Efek Indonesia menghentikan                On February 4, 2025, the Indonesia Stock Exchange temporarily
sementara perdagangan Saham SSMS sebagai respons terhadap                         suspended trading of SSMS Shares in response to a significant
peningkatan harga kumulatif yang signifikan. Tindakan ini dilakukan               cumulative price increase. This action was taken to provide market
untuk memberikan kesempatan kepada pelaku pasar untuk                             participants with the opportunity to make informed considerations
melakukan pertimbangan yang matang berdasarkan informasi yang                     based on available information before making investment decisions
ada sebelum membuat keputusan investasi pada Saham Perseroan.                     in the Company’s Shares.

                                                                                                                  PT Sawit Sumbermas Sarana Tbk     25
Page 26
IKHTISAR OBLIGASI, SUKUK                                                  BOND, SUKUK OR CONVERTIBLE
ATAU OBLIGASI KONVERSI                                                    BOND HIGHLIGHTS

Pada tahun 2025, Perseroan tidak menerbitkan obligasi, sukuk, atau        In 2025, the Company did not issue any bonds, sukuk, or convertible
obligasi konversi, sehingga tidak terdapat informasi yang dapat           bonds, therefore, there is no relevant information to be presented
disajikan terkait hal ini.                                                regarding this matter.

INFORMASI SUMBER PENDANAAN LAINNYA                                        INFORMATION ON OTHER FUNDING SOURCES

Pada tahun 2025, SSMS menerima sumber pendanaan sindikasi                 In 2025, SSMS received syndicated funding sources from banks to
dari bank untuk memperkuat struktur pendadanaan dan likuiditas            strengthen the Company’s funding structure and liquidity.
Perseroan.




Penghargaan dan Sertifikasi
Awards and Certifications
 Penghargaan 2025
 2025 Awards



                                                                                                                                     Pemberi
                                                Tanggal                           Nama Penghargaan
                                                                                                                                   Penghargaan
                                                 Date                              Name of Awards
                                                                                                                                    Awarded by
                                              11 Juni 2025    TOP CSR AWARDS 2025                                                Majalah TopBusiness
                                              June 11, 2025                                                                         TopBusiness
                                                              PT Sawit Sumbermas Sarana Tbk (SSMS) meraih penghargaan                 Magazine
                                                              TOP CSR Awards 2025 #Star 5 atas keberhasilannya dalam
                                                              menempatkan CSR sebagai strategi utama bisnis.
                                                              PT Sawit Sumbermas Sarana Tbk (SSMS) received the TOP CSR
                                                              Awards 2025 #Star 5 for its success in positioning CSR as a core
                                                              business strategy.




                                                                                                                                     Pemberi
                                                Tanggal                           Nama Penghargaan
                                                                                                                                   Penghargaan
                                                 Date                              Name of Awards
                                                                                                                                    Awarded by
                                              11 Juni 2025    Top Leader on CSR Commitment 2025                                  Majalah TopBusiness
                                              June 11, 2025                                                                         TopBusiness
                                                              SSMS meraih penghargaan Top Leader on CSR Commitment                    Magazine
                                                              2025 sebagai pengakuan atas dedikasi manajemen puncak dalam
                                                              mengarahkan dan memastikan pelaksanaan program-program
                                                              sosial secara berkelanjutan dan strategis.
                                                              SSMS received the Top Leader on CSR Commitment 2025 award
                                                              in recognition of the top management’s dedication to guiding
                                                              and ensuring the sustainable and strategic implementation of
                                                              social programs.




  26    Laporan Tahunan 2025 Annual Report
Page 27
                                                                                      Kilas Kinerja 2025
                                                                            2025 Performance Highlights




                                                                                                   Pemberi
      Tanggal                              Nama Penghargaan
                                                                                                 Penghargaan
       Date                                 Name of Awards
                                                                                                  Awarded by
     9 Juli 2025     MedBun Award 2025                                                         Media Perkebunan
     July 9, 2025
                     Sulung Research Station (SRS), unit riset di bawah PT Sawit
                     Sumbermas Sarana Tbk meraih penghargaan dengan kategori
                     Initiator Innovative Smart Farming Solution for Palm Oil Resilience
                     pada ajang Medbun Awards 2025.
                     Sulung Research Station (SRS), the research unit under PT Sawit
                     Sumbermas Sarana Tbk, received an award in the category of
                     Initiator of Innovative Smart Farming Solution for Palm Oil Resilience
                     at the 2025 Medbun Awards.




                                                                                                   Pemberi
      Tanggal                              Nama Penghargaan
                                                                                                 Penghargaan
       Date                                 Name of Awards
                                                                                                  Awarded by
    30 September     Bisnis Indonesia Corporate Social Responsibility Awards (BISRA)             Majalah Bisnis
        2025                                                                                       Indonesia
     September       PT Sawit Sumbermas Sarana Tbk (SSMS) meraih penghargaan                    Bisnis Indonesia
       30, 2025      Silver Champion pada ajang Bisnis Indonesia Corporate Social                  Magazine
                     Responsibility Awards (BISRA) 2025 di Jakarta, sebagai wujud
                     komitmen Perseroan pada CSR berbasis SDGs dan ISO 26000.
                     PT Sawit Sumbermas Sarana Tbk (SSMS) received the Silver
                     Champion award at the 2025 Bisnis Indonesia Corporate Social
                     Responsibility Awards (BISRA) in Jakarta, as a testament to the
                     Company’s commitment to CSR aligned with the SDGs and ISO
                     26000.



                                                                                                      Pemberi
Tanggal                                   Nama Penghargaan
                                                                                                    Penghargaan
 Date                                      Name of Awards
                                                                                                     Awarded by
    25      Peluncuran Laporan Responsible Business Conduct (RBC) Benchmark dan                         SETARA
November    Anugerah Bisnis dan Hak Asasi Manusia 2025                                               Institute For
  2025      Launch of the Responsible Business Conduct (RBC) Benchmark Report and the                 Democracy
November    2025 Business and Human Rights Awards                                                     and Peace
 25, 2025                                                                                            bersama SIGI
            PT Sawit Sumbermas Sarana Tbk (SSMS) meraih penghargaan dalam ajang                        (Inclusive
            Peluncuran Laporan Responsible Business Conduct (RBC) Benchmark dan Anugerah             Governance
            Bisnis dan Hak Asasi Manusia 2025, yang diselenggarakan oleh SETARA Institute              Initiative)
            for Democracy and Peace bersama SIGI (Inclusive Governance Initiative) dalam
            acara Malam Apresiasi Anugerah Bisnis dan HAM
            PT Sawit Sumbermas Sarana Tbk (SSMS) received an award at the Launch of the
            Responsible Business Conduct (RBC) Benchmark Report and the 2025 Business
            and Human Rights Awards, organized by the SETARA Institute for Democracy and
            Peace in collaboration with SIGI (Inclusive Governance Initiative), as part of the
            Business and Human Rights Awards Appreciation Night.



                                                                                                  Pemberi
  Tanggal                               Nama Penghargaan
                                                                                                Penghargaan
   Date                                  Name of Awards
                                                                                                 Awarded by
25 November     Sewindu CSR Indonesia Award 2025                                              CSR Indonesia Award
    2025        2025 Indonesian Anniversary Awards                                                   2025
November 25,
    2025        PT Sawit Sumbermas Sarana Tbk (SSMS) meraih dua penghargaan
                kategori GOLD di Sewindu CSR Indonesia Award 2025
                PT Sawit Sumbermas Sarana Tbk (SSMS) received two GOLD awards
                at the 2025 Indonesian CSR Anniversary Awards.




                                                                        PT Sawit Sumbermas Sarana Tbk         27
Page 28
Sertifikasi di Tahun 2025
2025 Certifications




                                                                                Certificate of Registration                                                                                                           Certificate of Registration
                                                                                             (Quality Management System)                                                                                                           (Environmental Management System)
                                                                            QFS MANAGEMENT SYSTEMS LLP                                                                                                                     QFS MANAGEMENT SYSTEMS LLP
                                                                This is to Certify that the Quality Management System of                                                                                        This is to Certify that the Environmental Management System of

                                                                         PT SAWIT SUMBERMAS SARANA, TBK                                                                                                          PT SAWIT SUMBERMAS SARANA, TBK
                                                                      JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.                                                                             JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.
                                                                     KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113                                                                                 KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113
                                                                                                                                                                                                    is in accordance with the requirement of the Environmental Management System Standard detailed below
                                                            Has been found to be of the Quality Management System Standard
                                                                                                                                                                                                                                         ISO 14001:2015
                                                                                                    ISO 9001:2015
                                                                                                                                                                                                     This certificate is valid for the following product or service range
                                                             This certificate is valid for the following product or service range                                                                              MANUFACTURING AND SUPPLY OF CRUDE, KERNEL PALM OIL & RELATED
                                                                                                                                                                                                                                  SUPPORTING FACILITIES.
                                                                       SUPPLY OF OIL PALM, CRUDE AND KERNEL PALM OIL MILLS AND RELATED                                                                                                                 IAF Code: 03 & 35
                                                                                            SUPPORTING FACILITIES.
                                                                                                               IAF Code: 29 & 35                                                                     Certificate Number: SCC/INT/2310PA/3095                                      Current Issue Date: 17.09.2024
                                                              Certificate Number: SCC/INT/2310PA/3094                                        Current Issue Date: 17.09.2024                          Initial Date of Certification: 13.10.2023                             Re-certification Due on: 12.10.2026

                                                              Initial Date of Certification: 13.10.2023                              Re-certification Due on: 12.10.2026
                                                                                                                                                                                                     2nd Surveillance Audit Due Date: 12.09.2025
                                                              2nd Surveillance Audit Due Date: 12.09.2025                                                                                            Date of Expiry: 12.10.2025
                                                              Date of Expiry: 12.10.2025

                                                                                                                                                                         SCC Accredited                                                                                                                        SCC Accredited
                                                                                                                                                                          CB-MS 08073                                                                                                                           CB-MS 08073
                                                             Director:                               Date: 17.09.2024                                                                                Director:                              Date: 17.09.2024
                                                             The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid             The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid
                                                             after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of            after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of
                                                             access at any time and without notice to the above named organization's premises for the purpose of assessment                         access at any time and without notice to the above named organization's premises for the purpose of assessment
                                                             and surveillance regarding the standard named above and QFS terms and conditions.                                                      and surveillance regarding the standard named above and QFS terms and conditions.




                                                                                                                                QFS MANAGEMENT SYSTEMS LLP                                                                                                             QFS MANAGEMENT SYSTEMS LLP
                                                                                                                                                     A-27/H, Sector-16, Noida-201301, U.P., India                                                                                          A-27/H, Sector-16, Noida-201301, U.P., India
                                                                                                                                                                           www.qfscerts.com                                                                                                                     www.qfscerts.com
                                                                                                                                                                  email: admin@qfscerts.com                                                                                                            email: admin@qfscerts.com


                                                                        Accredited by Standards Council of Canada                                                                                              Accredited by Standards Council of Canada
                                                                                         55 METCALFE STREET, SUITE 600, OTTAWA, ON K1P 6L5 CANADA                                                                               55 METCALFE STREET, SUITE 600, OTTAWA, ON K1P 6L5 CANADA




                                                                                                                    1                                                                                                                                 2



  1        ISO 9001:2015 (SISTEM MANAJEMEN MUTU | QUALITY MANAGEMENT SYSTEM)

                Penerbit                                                                                                                            Lingkup                                                                                                                                                                                        Masa Berlaku
                 Issuer                                                                                                                              Scope                                                                                                                                                                                         Validity Period
      PT TSI Sertifikasi Internasional   Perkebunan Kelapa Sawit, Pabrik Minyak Sawit, dan Pengolahan Inti Kelapa Sawit                                                                                                                                                                                                                   13 Oktober 2023 - 12 September 2025
                                         serta fasilitas pendukung lainnya PT Sawit Sumbermas Sarana Tbk:                                                                                                                                                                                                                                 October 13, 2023 – September 12, 2025
                                         Palm Oil Plantation, Palm Oil Mills, and Palm Kernel Processing and Other Supporting
                                         Facilities PT Sawit Sumbermas Sarana Tbk:
                                         • PT Sawit Sumbermas Sarana (SSS)
                                            Sulung Mill, Selangkun Mill, Kenambui Estate, Sulung Estate, Rangda Estate,
                                            Pulau Estate, Selangkun Estate, Rungun Estate, Kondang Estate
                                         • PT Kalimantan Sawit Abadi (KSA)
                                            Natai Baru Mill, Natai Baru Estate, Batu Kotam Estate
                                         • PT Mitra Mendawai Sejati (MMS)
                                            Suayap Mill, Suayap KCP, Suayap Estate, Umpang Estate
                                         • PT Sawit Multi Utama (PT SMU)
                                            Nanga Kiu Mill, Pedongatan Estate, Merambang Estate, Nanga Kiu Estate,
                                            Sepondam Estate, Batu Tunggal Estate
                                         • PT Tanjung Sawit Abadi (TSA)
                                            Malata Mill, Malata Estate, Sungai Bulik Estate, Nanuah Estate
                                         • PT Mirza Pratama Putra (MPP)
                                            Sumber Cahaya Mill, Sumber Cahaya Estate
                                         • PT Menteng Kencana Mas (MKM)
                                            Kanamit Mill, Badirih Estate, Bahaur Estate, Kanamit Estate




  2        ISO 14001:2015 (SISTEM MANAJEMEN LINGKUNGAN | ENVIRONMENTAL MANAGEMENT SYSTEM)

                Penerbit                                                                                                                          Lingkup                                                                                                                                                                                          Masa Berlaku
                 Issuer                                                                                                                            Scope                                                                                                                                                                                           Validity Period
      PT TSI Sertifikasi Internasional   Perkebunan Kelapa Sawit, Pabrik Minyak Sawit, dan Pengolahan Inti Kelapa Sawit                                                                                                                                                                                                                    13 Oktober 2023 - 12 Oktober 2026
                                         serta fasilitas pendukung lainnya PT Sawit Sumbermas Sarana Tbk:                                                                                                                                                                                                                                  October 13, 2023 - October 12, 2026
                                         Palm Oil Plantation, Palm Oil Mills, and Palm Kernel Processing and Other Supporting
                                         Facilities PT Sawit Sumbermas Sarana Tbk:
                                         • PT Sawit Sumbermas Sarana (SSS)
                                            Sulung Mill, Selangkun Mill, Kenambui Estate, Sulung Estate, Rangda Estate,
                                            Pulau Estate, Selangkun Estate, Rungun Estate, Kondang Estate
                                         • PT Kalimantan Sawit Abadi (KSA)
                                            Natai Baru Mill, Natai Baru Estate, Batu Kotam Estate
                                         • PT Mitra Mendawai Sejati (MMS)
                                            Suayap Mill, Suayap KCP, Suayap Estate, Umpang Estate
                                         • PT Sawit Multi Utama (PT SMU)
                                            Nanga Kiu Mill, Pedongatan Estate, Merambang Estate, Nanga Kiu Estate,
                                            Sepondam Estate, Batu Tunggal Estate
                                         • PT Tanjung Sawit Abadi (TSA)
                                            Malata Mill, Malata Estate, Sungai Bulik Estate, Nanuah Estate
                                         • PT Mirza Pratama Putra (MPP)
                                            Sumber Cahaya Mill, Sumber Cahaya Estate
                                         • PT Menteng Kencana Mas (MKM)
                                            Kanamit Mill, Badirih Estate, Bahaur Estate, Kanamit Estate




 28      Laporan Tahunan 2025 Annual Report
Page 29
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Kilas Kinerja 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        2025 Performance Highlights




                                                                                                                                                                    Certificate Number: SGS-RSPO/PC18-00015                                                                                                                        Certificate Number: SGS-RSPO/PC24-00069                                                                                                                                                        Certificate Number: SGS-RSPO/PC18-00017
                                                                                                                                                                    ID18/04407                                                                                                                                                     ID24/00000138                                                                                                                                                                                  ID18/04574

                                                                                                                                                                    PT. Sawit Sumbermas Sarana - Sulung Mill                                                                                                                       PT SAWIT SUMBERMAS SARANA                                                                                                                                                                      PT. Kalimantan Sawit Abadi - Natai Baru Mill
                                      Certificate of Registration                                                                                                   RSPO Membership Number: NA
                                                                                                                                                                    RSPO Registered Parent Company: PT Sawit Sumbermas Sarana                                                                                                      SELANGKUN PALM OIL MILL                                                                                                                                                                        RSPO Membership Number: 1-0111-07-000-00
                               (Occupational Health & Safety Management System)                                                                                     RSPO Number Parent Company: 1-0111-07-000-00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  RSPO Registered Parent Company: PT. Sawit Sumbermas Sarana
                                                                                                                                                                                                                                                                                                                                   RSPO Membership Number: 1-0111-07-000-00
                                       QFS MANAGEMENT SYSTEMS LLP                                                                                                   Address:
                                                                                                                                                                                                                                                                                                                                   RSPO Registered Parent Company: PT. Sawit Sumbermas Sarana
                                                                                                                                                                    Sulung Village, Arut Selatan Sub-district, Kotawaringin Barat District, Kalimantan Tengah Province – Indonesia.                                                                                                                                                                                                                                               Address:
                   This is to Certify that the Occupational Health & Safety Management System of                                                                                                                                                                                                                                   Address:                                                                                                                                                                                       Natai Baru Village, Arut Selatan Sub-district, Kotawaringin Barat District, Kalimantan Tengah Province 74361 – Indonesia
                                                                                                                                                                                                                                                                                                                                   Rangda Village, Arut Selatan Sub District, Kotawaringin Barat District, Kalimantan Tengah Province, Indonesia


                                 PT SAWIT SUMBERMAS SARANA, TBK                                                                                                     has been assessed and certified as meeting the requirements of
                                                                                                                                                                    Indonesia National Interpretation of RSPO Principles                                                                                                           has been assessed and certified as meeting the requirements of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  has been assessed and certified as meeting the requirements of

                                                                                                                                                                                                                                                                                                                                   Indonesia National Interpretation of RSPO Principles                                                                                                                                           Indonesia National Interpretation of RSPO Principles
                               JL. H. UDAN SAID NO. 47, KEL. BARU, KEC. ARUT SELATAN, KAB.                                                                          and Criteria for Sustainable Palm Oil Production 2018
                                                                                                                                                                                                                                                                                                                                   and Criteria for Sustainable Palm Oil Production 2018                                                                                                                                          and Criteria for Sustainable Palm Oil Production 2018
                              KOTAWARINGIN BARAT - KALIMANTAN TENGAH, INDONESIA 74113                                                                               [20 April 2020]
                                                                                                                                                                                                                                                                                                                                   20 April 2020                                                                                                                                                                                  [20 April 2020]
                  is in accordance with the requirement of the Occupational Management System Standard detailed below
                                                                                                                                                                    This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain models of
                                                            ISO 45001:2018                                                                                          Mass Balance as stated in the RSPO Supply Chain Certification System have been met.                                                                            This guarantees that the criteria for processing RSPO certified oil palm products with the supply
                                                                                                                                                                                                                                                                                                                                   chain models of Mass Balance as stated in the RSPO Principles & Criteria Certification System
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain models of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Mass Balance as stated in the RSPO Principles and Criteria System have been met.
                                                                                                                                                                                                                                                                                                                                   have been met.
                     This certificate is valid for the following product or service range                                                                                                                                                                                                                                                                                                                                                                                                                                         This certificate is valid from 06 December 2023 until 05 December 2028 and remains valid subject to satisfactory surveillance audits.
                                                                                                                                                                    This certificate is valid from 19 March 2023 until 18 March 2028 and remains valid subject to satisfactory surveillance audits.                                                                                                                                                                                                                               Issue 02. Certified since 06 December 2018
                                MANUFACTURING AND SUPPLY OF CRUDE, KERNEL PALM OIL & RELATED                                                                        Issue 1. Certified since 19 March 2013
                                                                                                                                                                                                                                                                                                                                   This certificate is valid from 07 January 2022 until 06 January 2027 and remains valid subject to satisfactory surveillance
                                                                                                                                                                                                                                                                                                                                   audits.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Date of Certificate Issue: 19 January 2024
                                                                                                                                                                    Date of Certificate Issue: 17 May 2023                                                                                                                         Issue 01. Certified since 12 June 2015.                                                                                                                                                        Certified activities performed by additional sites are listed on subsequent pages
                                                  SUPPORTING FACILITIES.                                                                                            Certified activities performed by additional sites are listed on subsequent pages                                                                              Date of Certificate Issue: 14 May 2024
                                                                       IAF Code: 03 & 35                                                                                                                                                                                                                                           Certified activities performed by additional sites are listed on subsequent pages


                    Certificate Number: SCC/INT/2310PA/3096                                        Current Issue Date: 17.09.2024
                    Initial Date of Certification: 13.10.2023                              Re-certification Due on: 12.10.2026
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Authorised by
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Waras Putri Andrianti
                    2nd Surveillance Audit Due Date: 12.09.2025                                                                                                     Authorised by
                                                                                                                                                                    Waras Andrianti
                                                                                                                                                                                                                                                                                                                                   Authorised by
                                                                                                                                                                                                                                                                                                                                   Waras Andrianti
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  KN Director

                                                                                                                                                                    PT SGS Indonesia
                    Date of Expiry: 12.10.2025                                                                                                                      The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                                                                                                                                                                                   PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                   The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                    t +6221 2978 0600 - www.sgs.com                                                                                                                                t +6221 2978 0600 - www.sgs.com                                                                                                                                                                t +6221 2978 0600 - www.sgs.com



                                                                                                                                SCC Accredited
                                                                                                                                 CB-MS 08073
                    Director:                               Date: 17.09.2024
                    The validity of certificate is subject to regular surveillance audit on or before above mentioned dates and its only valid
                    after successful surveillance with continuation letter issued by QFS. It is issued subject to the continued availability of
                    access at any time and without notice to the above named organization's premises for the purpose of assessment
                    and surveillance regarding the standard named above and QFS terms and conditions.
                                                                                                                                                                    This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and   This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as copy.       This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will
                                                                                                                                                                                                                                                                                                                                   This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
                                                                                                                                                                    will be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms            liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and
                                                                                                                                                                    and Conditions | SGS. Attention is drawn to he limitation of liability, indemnification and jurisdictional clauses contained therein. This document is         appearance of this document is unlawful.                                                                                                                                                       Conditions | SGS. Attention is rawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright
                                                                                                                                                                    copyright protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                                                                                                                                                                                      protected and any unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.
                                                                                       QFS MANAGEMENT SYSTEMS LLP                                                   Page 1 / 2
                                                                                                                                                                                                                                                                                                                                   Page 1/2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Page 1 / 2
                                                                                                            A-27/H, Sector-16, Noida-201301, U.P., India
                                                                                                                                  www.qfscerts.com
                                                                                                                         email: admin@qfscerts.com


                               Accredited by Standards Council of Canada




                                                                        3                                                                                                                                                                     4                                                                                                                                                                             5                                                                                                                                                                                      6


         ISO 45001: 2018 (SISTEM MANAJEMEN KESELAMATAN DAN KESEHATAN KERJA | OCCUPATIONAL HEALTH
3        AND SAFETY MANAGEMENT SYSTEM)

              Penerbit                                                                                                                                                                                                                                                                                          Lingkup                                                                                                                                                                                                                                                                Masa Berlaku
               Issuer                                                                                                                                                                                                                                                                                            Scope                                                                                                                                                                                                                                                                 Validity Period
    PT TSI Sertifikasi Internasional                                                                                                            Perkebunan Kelapa Sawit, Pabrik Minyak Sawit, dan Pengolahan Inti Kelapa Sawit                                                                                                                                                                                                                                                                                                 13 Oktober 2023 - 12 September 2025
                                                                                                                                                serta fasilitas pendukung lainnya PT Sawit Sumbermas Sarana Tbk:                                                                                                                                                                                                                                                                                                               October 13, 2023 – September 12, 2025
                                                                                                                                                Palm Oil Plantation, Palm Oil Mills, and Palm Kernel Processing and Other Supporting
                                                                                                                                                Facilities PT Sawit Sumbermas Sarana Tbk:
                                                                                                                                                • PT Sawit Sumbermas Sarana (SSS)
                                                                                                                                                   Sulung Mill, Selangkun Mill, Kenambui Estate, Sulung Estate, Rangda Estate,
                                                                                                                                                   Pulau Estate, Selangkun Estate, Rungun Estate, Kondang Estate
                                                                                                                                                • PT Kalimantan Sawit Abadi (KSA)
                                                                                                                                                   Natai Baru Mill, Natai Baru Estate, Batu Kotam Estate
                                                                                                                                                • PT Mitra Mendawai Sejati (MMS)
                                                                                                                                                   Suayap Mill, Suayap KCP, Suayap Estate, Umpang Estate
                                                                                                                                                • PT Sawit Multi Utama (PT SMU)
                                                                                                                                                   Nanga Kiu Mill, Pedongatan Estate, Merambang Estate, Nanga Kiu Estate,
                                                                                                                                                   Sepondam Estate, Batu Tunggal Estate
                                                                                                                                                • PT Tanjung Sawit Abadi (TSA)
                                                                                                                                                   Malata Mill, Malata Estate, Sungai Bulik Estate, Nanuah Estate
                                                                                                                                                • PT Mirza Pratama Putra (MPP)
                                                                                                                                                   Sumber Cahaya Mill, Sumber Cahaya Estate
                                                                                                                                                • PT Menteng Kencana Mas (MKM)
                                                                                                                                                   Kanamit Mill, Badirih Estate, Bahaur Estate, Kanamit Estate


4       RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

              Penerbit                                                                                                                                                                                                                                                                                        Lingkup                                                                                                                                                                                                                                                                Masa Berlaku
               Issuer                                                                                                                                                                                                                                                                                          Scope                                                                                                                                                                                                                                                                 Validity Period
          PT SGS Indonesia                                                                                                                                   Pabrik Pengolahan Kelapa Sawit Sulung dan Supply Base                                                                                                                                                                                                                                                                                                                 19 Maret 2023 - 18 Maret 2028
                                                                                                                                                            Sulung Palm Oil Processing Plant and Supply Base (PT SSS)                                                                                                                                                                                                                                                                                                             March 19, 2023 – March 18, 2028



5       RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

              Penerbit                                                                                                                                                                                                                                                                                        Lingkup                                                                                                                                                                                                                                                                Masa Berlaku
               Issuer                                                                                                                                                                                                                                                                                          Scope                                                                                                                                                                                                                                                                 Validity Period
          PT SGS Indonesia                                                                                                                                  Pabrik Pengolahan Kelapa Sawit Selangkun dan Supply Base                                                                                                                                                                                                                                                                                                              7 Januari 2022 – 6 Januari 2027
                                                                                                                                                           Selangkun Palm Oil Processing Plant and Supply Base (PT SSS)                                                                                                                                                                                                                                                                                                          January 7, 2022 – January 6, 2027



6       RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

              Penerbit                                                                                                                                                                                                                                                                                        Lingkup                                                                                                                                                                                                                                                                Masa Berlaku
               Issuer                                                                                                                                                                                                                                                                                          Scope                                                                                                                                                                                                                                                                 Validity Period
          PT SGS Indonesia                                                                                                                                  Pabrik Pengolahan Kelapa Sawit Natai Baru dan Supply Base                                                                                                                                                                                                                                                                                                           6 Desember 2023 - 5 Desember 2028
                                                                                                                                                           Natai Baru Palm Oil Processing Plant and Supply Base (PT KSA)                                                                                                                                                                                                                                                                                                       December 6, 2023 – December 5, 2028



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               PT Sawit Sumbermas Sarana Tbk                                                                                                                                          29
Page 30
                                                              CERTIFICATE                                                                                    Certificate Number: SGS-RSPO/PC20-00030                                                                                                                                                 Certificate Number: SGS-RSPO/PC20-00031
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Certificate Number: SGS-RSPO/PC24-00068

                                                      CU-RSPO SCC-873703                                                                                     SGS Reference ID20/0000008                                                                                                                                                              SGS Reference ID20/0000007
Based on an audit according to the requirements stated in the RSPO Supply Chain Certification Systems, version February
2020 and a signed contract, Control Union (Malaysia) Sdn Bhd herewith certifies that the facility(s) listed below are found
                                                                                                                                                             PT SAWIT MULTI UTAMA – NANGA                                                                                                                                                            PT TANJUNG SAWIT ABADI –
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         PT MITRA MENDAWAI SEJATI                                                                                                                                                            Certificate of Registration
 to be in compliance with the RSPO Supply Chain Certification Standard, version February 2020 This guarantees that the
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Suayap Palm Oil Mill
                                                                                                                                                             KIU MILL                                                                                                                                                                                MALATA MILL
 criteria for processing RSPO certified palm oil products through one or more of the supply chain models as stated in the
                                 RSPO Supply Chain Certification Systems have been met.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             PRODUCTION AND MANAGEMENT SYSTEM
         Name certified company                                         PT MITRA MENDAWAI SEJATI – SUAYAP KERNEL CRUSHING PLANT
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         RSPO Membership Number: 1-0111-07-000-00
                                                                                                                                                             RSPO Membership Number: 1-0111-07-000-00                                                                                                                                                RSPO Membership Number: 1-0111-07-000-00                                                                                                                                            RSPO Registered Parent Company: PT. Sawit Sumbermas Sarana
         Full address certified company                                 DESA UMPANG, KECAMATAN ARUT SELATAN, KABUPATEN
                                                                        KOTAWARINGIN BARAT, PROVINCE OF KALIMANTAN TENGAH,                                   RSPO Registered Parent Company: PT. Sawit Sumbermas Sarana                                                                                                                              RSPO Registered Parent Company: PT Sawit Sumbermas Sarana                                                                                                                                                                                                                                                                                                               This is to certify that
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Address:
                                                                        INDONESIA.                                                                                                                                                                                                                                                                                                                                                                                                                                                       Umpang Village, Arut Selatan Sub District, Kotawaringin Barat District, Kalimantan Tengah Province,
         RSPO number (if applicable)                                    -                                                                                    Address:                                                                                                                                                                                Address:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Indonesia
                                                                                                                                                             Pedongatan Village, Bulik Timur Subdistrict, Lamandau District, Kalimantan Tengah Province, Indonesia.                                                                                  Nanga Koring Village, Bulik Timur Sub District, Lamandau District, Kalimantan Tengah Province, Indonesia.                                                                                                                                                                                                                                                              Company Name                                             PT Mirza Pratama Putra
         Other sites certified                                              yes    no
         RSPO registered parent company (if                             PT Sawit Sumbermas Sarana Tbk                                                                                                                                                                                                                                                                                                                                                                                                                                    has been assessed and certified as meeting the requirements of                                                                                                                     Management Unit Name                                     Sumber Cahaya Palm Oil Mill
         applicable)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Indonesia National Interpretation of RSPO Principles                                                                                                                               Management Unit Location                                 Desa Sumber Cahaya, Kecamatan Belantikan Raya, Kebupaten Lamandau,
                                                                                                                                                             has been assessed and certified as meeting the requirements of                                                                                                                          has been assessed and certified as meeting the requirements of                                                                                                                                                                                                                                                                                                                                                                  74663 Kalimantan Tengah, Indonesia.
         RSPO member number parent company                              1-0111-07-000-00
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         and Criteria for Sustainable Palm Oil Production 2018
                                                                                                                                                             Indonesia National Interpretation of RSPO Principles                                                                                                                                    Indonesia National Interpretation of RSPO Principles                                                                                                                                                                                                                                                                                                                   RSPO Registered Parent Company                           PT Sawit Sumbermas Sarana, Tbk
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         20 April 2020
        Scope of Certification
        Receiving and processing RSPO certified PK and sales of RSPO certified CPKO and PKE under module C (mass balance)
                                                                                                                                                             and Criteria for Sustainable Palm Oil Production 2018                                                                                                                                   and Criteria for Sustainable Palm Oil Production 2018                                                                                                                                                                                                                                                                                                                  RSPO Membership number                                   1-0111-07-000-00

                                                                                                                                                             (20 April 2020)                                                                                                                                                                         (20 April 2020)                                                                                                                                                                                                                                                                                                                                                         Certificate Number                                      RSPO 759455
          Certificate Start Date                     15/11/2022                                                                                                                                                                                                                                                                                                                                                                                                                                                                          This guarantees that the criteria for processing RSPO certified oil palm products with the supply
          Certificate Expiration Date                14/11/2027                                                                                                                                                                                                                                                                                                                                                                                                                                                                          chain models of Mass Balance as stated in the RSPO Principles & Criteria Certification System
                                                                                                                                                             This guarantees that the criteria for processing RSPO certified oil palm products with the                                                                                              This guarantees that the criteria for processing RSPO certified oil palm products with the                                                                                          have been met.                                                                                                                                                                      Operates a Production and Management System which complies with the requirements of Indonesia National Interpretation 2020 of
          Date of first RSPO certification           15/11/2017
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             RSPO P&C for Sustainable Palm Oil Production 2018 ; with supply chain Mass Balance module for the following scope:
          Certificate number                          CU-RSPO SCC-873703                                                                                     supply chain models of Mass Balance as stated in the RSPO Principles & Criteria Certification                                                                                           supply chain models of Mass Balance as stated in the RSPO Principles & Criteria Certification
          Supply chain model                                Identity Preserved (IP)
                                                                                                                                                             System have been met.                                                                                                                                                                   System have been met.                                                                                                                                                                                                                                                                                                                                                                         Production of Sustainable Crude Palm Oil (CPO) and Palm Kernel (PK)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         This certificate is valid from 27 October 2021 until 26 October 2026 and remains valid subject to satisfactory surveillance
                                                            Segregated (SG)                                                                                                                                                                                                                                                                                                                                                                                                                                                              audits.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Issue 01. Certified since 27 October 2016.                                                                                                                                          This certificate is in force until further notice, provided that the licensee mentioned in this certificate continues meeting the RSPO
                                                            Mass Balance (MB)                                                                                This certificate is valid from 23 June 2025 until 22 June 2030 and remains valid subject to satisfactory                                                                                This certificate is valid from 25 June 2025 until 24 June 2030 and remains valid subject to satisfactory                                                                            Date of Certificate Issue: 10 May 2024                                                                                                                                              P&C and certification requirements and the conditions as laid down in the licensee contract with BSI Services Malaysia Sdn. Bhd.
                                                                                                                                                             surveillance audits.                                                                                                                                                                    surveillance audits.                                                                                                                                                                Certified activities performed by additional sites are listed on subsequent pages                                                                                                   Based on the annual inspections that BSI Services Malaysia Sdn. Bhd. shall conduct this certificate is updated and kept in force.
          Authorised signatory name                                                                  Issued by                                               Issue 04. Certified since 23 June 2020.                                                                                                                                                 Issue 04. Certified since 25 June 2020.
                                                                                                                                                             Date of Certificate Issue: 26 August 2025                                                                                                                                               Date of Certificate Issue: 25 August 2025
          Dayangku Mazrianah                                                                         Control Union (Malaysia) Sdn Bhd                        Certified activities performed by additional sites are listed on subsequent pages                                                                                                       Certified activities performed by additional sites are listed on subsequent pages                                                                                                                                                                                                                                                                                            Issued by                                    BSI Services Malaysia Sdn. Bhd.
          Date of issue: 08-12-2022                                                                  B-3-1 Block B, Pusat Perniagaan Prima Klang,
                                                                                                     Jalan Kota/KS 1,
                                                                                                     41000 Klang,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Authorised Signature on Behalf
                                                                                                     Selangor,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    of BSI
          On behalf of the Managing Director                                                         MALAYSIA                                                                                                                                                                                                                                                                                                                                                                                                                            Authorised by                                                                                                                                                                                                                         Todd Redwood, Global Food and Retail Supply Chain Operations and
          Authorised signature                                                                       0060-3-33771600/1700/1277                                                                                                                                                                                                                                                                                                                                                                                                           Waras Andrianti                                                                                                                                                                          Authorised Signatory Name
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               Compliance Director
                                                                                                     certifications@controlunion.com                                                                                                                                                                                                                                                                                                                                                                                                     PT SGS Indonesia
                                                                                                                                                             Authorised by                                                                                                                                                                           Authorised by
                                                                                                                                                             Waras Putri Andrianti                                                                                                                                                                   Waras Putri Andrianti                                                                                                                                                               The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         t +6221 2978 0600 - www.sgs.com
                                                                                                                                                             PT SGS Indonesia                                                                                                                                                                        PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Original Registration Date: 10/08/2023                                                     Effective Date: 10/08/2023
 Control Union (Malaysia) Sdn Bhd is accredited by Assurance Services International for certification against voluntary sustainability standards for scope
 of RSPO Supply Chain Certification on 05-11-2014 (ASI-ACC-069). This certificate including the annex remains the property of Control Union (Malaysia)       The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                                                                                                                                                                                                Latest Revision Date: 10/08/2023                                                           Expiry Date: 09/08/2028
                                                                                                                                                             t +6221 2978 0600 - www.sgs.com                                                                                                                                                         t +6221 2978 0600 - www.sgs.com
 Sdn Bhd and can be withdrawn in case of terminations as mentioned in the licensee contract, or in case changes or deviations of the above-mentioned
         ata occur. The licensee is obliged to inform Control Union (Malaysia) Sdn Bhd immediately of any changes in the above mentioned data.
                                                       Only an original and signed certificate is valid.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             8-0159-15-100-00



                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be             This certificate was issued electronically, remains the property of BSI Services Malaysia Sdn. Bhd. and is bound by the conditions of contract.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification ervices available on Terms and Conditions                        Printed copies can be validated by calling telephone +603 9212 9638. Further clarifications regarding the scope of this certificate and the applicability of RSPO
                                                                                                                                                             This certificate is issued by SGS, approved by ASI GmbH under its Two-Tier Assurance Program (TTAP) and accredited against ISO 17065 & ISO 17021 by ASI North America                   This certificate is issued by SGS, approved by ASI GmbH under its Two-Tier Assurance Program (TTAP) and accredited against ISO 17065 & ISO 17021 by ASI North America               | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any             Principle & Criteria: 2018 requirements may be obtained by consulting the organization. This certificate is valid only if the provided original copies are in complete
                                                                                                                                                             for RSPO [ASI-ACC-077 & ASI-APP-077]. This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are    for RSPO [ASI-ACC-077 & ASI-APP-077]. This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate    unauthorized alteration, forgery or falsification of the content or appearance of this document is unlawful.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          set. The British Standards Institution is incorporated by Royal Charter. BSI Services Malaysia Sdn. Bhd. Suite 29.01 Level 29, The Gardens North Tower, Mid Valley
                                                                                                                                                             permitted and will be considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions        are permitted and will considered as a copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia, Member of the BSI Group of Companies
                                                                                                                                                             | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized       | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized   Page 1 / 2
                                                                                                                                                             alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                                                         alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                                                                                                                                                                                                                                      BSI Services Malaysia Sdn. Bhd. is ISO/IEC 17021-1 and ISO/IEC 17065 accredited; and RSPO Accredited (ASI-ACC-67) since 31/10/2014.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          PF506 Revision 13 (Jul 2022)                                                                                                                  Page 1 of 2
                                                                                                                                                             Page 1/2                                                                                                                                                                                Page 1/2
Certificate version: C873703CU-RSPO SCC-01.2022                                                                                   RSPO 8-0025-06-100-00




                                                                        7                                                                                                                                                                          8                                                                                                                                                                                          9                                                                                                                                                                 10                                                                                                                                                                               11




        7                                                               RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

                                                                                                            Penerbit                                                                                                                                                                                                                                Lingkup                                                                                                                                                                                                                                                                                                                                                     Masa Berlaku
                                                                                                             Issuer                                                                                                                                                                                                                                  Scope                                                                                                                                                                                                                                                                                                                                                      Validity Period
                                                                                       PT Control Union                                                                                                                                                                                                              Pabrik Pengolahan Inti Kelapa Sawit (PKO) Suayap                                                                                                                                                                                                                                                                                            15 November 2022 - 14 November 2027
                                                                                                                                                                                                                                                                                                                     Suayap Palm Kernel Oil Processing Plant (PT MMS)                                                                                                                                                                                                                                                                                            November 15, 2022 – November 14, 2027




       8                                                                RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

                                                                                                            Penerbit                                                                                                                                                                                                                                Lingkup                                                                                                                                                                                                                                                                                                                                                     Masa Berlaku
                                                                                                             Issuer                                                                                                                                                                                                                                  Scope                                                                                                                                                                                                                                                                                                                                                      Validity Period
                                                                                     PT SGS Indonesia                                                                                                                                                     Pabrik Pengolahan Kelapa Sawit Nanga Kiu dan Supply Base                                                                                                                                                                                                                                                                                                                                                                                         23 Juni 2025 - 22 Juni 2030
                                                                                                                                                                                                                                                         Nanga Kiu Palm Oil Processing Plant and Supply Base (PT SMU)                                                                                                                                                                                                                                                                                                                                                                                     June 23, 2025 – June 22, 2030




         9                                                              RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

                                                                                                            Penerbit                                                                                                                                                                                                                                Lingkup                                                                                                                                                                                                                                                                                                                                                     Masa Berlaku
                                                                                                             Issuer                                                                                                                                                                                                                                  Scope                                                                                                                                                                                                                                                                                                                                                      Validity Period
                                                                                     PT SGS Indonesia                                                                                                                                                                      Pabrik Pengolahan Kelapa Sawit Malata dan Supply Base                                                                                                                                                                                                                                                                                                                                                                           25 Juni 2025 - 24 Juni 2030
                                                                                                                                                                                                                                                                          Malata Palm Oil Processing Plant and Supply Base (PT TSA)                                                                                                                                                                                                                                                                                                                                                                       June 25, 2025 – June 24, 2030




10                                                                      RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

                                                                                                            Penerbit                                                                                                                                                                                                                                Lingkup                                                                                                                                                                                                                                                                                                                                                     Masa Berlaku
                                                                                                             Issuer                                                                                                                                                                                                                                  Scope                                                                                                                                                                                                                                                                                                                                                      Validity Period
                                                                                     PT SGS Indonesia                                                                                                                                                                  Pabrik Pengolahan Kelapa Sawit Suayap dan Supply Base                                                                                                                                                                                                                                                                                                                                                        27 Oktober 2021 – 26 Oktober 2026
                                                                                                                                                                                                                                                                      Suayap Palm Oil Processing Plant and Supply Base (PT MMS)                                                                                                                                                                                                                                                                                                                                                     October 27, 2021 – October 26, 2026




    11                                                                  RSPO (ROUNDTABLE OF SUSTAINABLE PALM OIL)

                                                                                                            Penerbit                                                                                                                                                                                                                                Lingkup                                                                                                                                                                                                                                                                                                                                                     Masa Berlaku
                                                                                                             Issuer                                                                                                                                                                                                                                  Scope                                                                                                                                                                                                                                                                                                                                                      Validity Period
                                                                                       PT BSI Indonesia                                                                                                                         Pabrik Pengolahan Kelapa Sawit Sumber Cahaya dan Supply Base                                                                                                                                                                                                                                                                                                                                                                                          10 Agustus 2023 – 09 Agustus 2028
                                                                                                                                                                                                                               Sumber Cahaya Palm Oil Processing Plant and Supply Base (PT MPP)                                                                                                                                                                                                                                                                                                                                                                                        August 10, 2023 – August 09, 2028




30                                                      Laporan Tahunan 2025 Annual Report
Page 31
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 Kilas Kinerja 2025
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       2025 Performance Highlights




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Certificate ID25/00000250
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        SGS-ID-ISPO-00042
                                                                                                                                                                         Certificate Number: SGS-RSPO/PC24-00051                                                                                                                                                      Certificate Number: SGS-RSPO/PC24-00050
                                                                                                                                                                         SGS Reference ID24/00000162                                                                                                                                                                  SGS Reference ID24/00000264                                                                                                                                                                                                                                                                                                                                                                       The management system of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Certificate ID25/00000279
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          SGS-ID-ISPO-00041                                                                                                                                                                                             PT. Tanjung Sawit Abadi
   Certificate of Registration                                                                                                                                           Asosiasi Petani Kelapa Sawit Mandiri                                                                                                                                                         BUM Desa Berkah Mulya Jaya Mekar Mulya                                                                                                                                              The certification system of

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          PT. Sawit Multi Utama                                                                                                                                                                                         Desa Malata, Kecamatan Menthobi Raya, Kabupaten Lamandau, Kalimantan Tengah, Indonesia.

   PRODUCTION AND MANAGEMENT SYSTEM                                                                                                                                      RSPO Membership Number: 1-0279-19-000-00                                                                                                                                                     RSPO Membership Number: 1-0434-23-000-00                                                                                                                                                                                                                                                                                                                                                          has been assessed and certified as meeting the requirements of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        INDONESIAN SUSTAINABLE PALM OIL (ISPO)
                                                                                                                                                                         Address:                                                                                                                                                                                     Address:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Desa Nangakoring, Desa Sungkup, Desa Sepondam, Desa Pedongatan, Desa Merambang, Kec. Bulik Timur & Kec.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Mentobi Raya, Kab. Lamandau, Provinsi Kalimantan Tengah                                                                                                                                                       Regulation of The Minister of Agriculture No. 38 Year 2020
   This is to certify that                                                                                                                                               Kadipi Atas Village, Pangkalan Lada Sub District, Kotawaringin Barat District, Center Kalimantan Province, Indonesia.                                                                        Mekar Mulya Village, Sematu Jaya Sub-District, Lamandau District, Kalimantan Tengah Province, Indonesia.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          has been assessed and certified as meeting the requirements of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Concern of Implementation of Indonesian
  Company Name                                           PT. Menteng Kencana Mas                                                                                                                                                                                                                                                                                                                                                                                                                                                                          INDONESIAN SUSTAINABLE PALM OIL (ISPO)                                                                                                                                                                        Sustainable Palm Oil Plantation Certification
  Management Unit Name                                   Kanamit Palm Oil Mill                                                                                           has been assessed and certified as meeting the requirements of                                                                                                                               has been assessed and certified as meeting the requirements of                                                                                                                      Regulation of The Minister of Agriculture No. 38 Year 2020                                                                                                                                                    For the following activities
  Management Unit Location                               Kanamit Village, Maliku District, Pulang Pisau Regency,                                                         RSPO INDEPENDENT SMALLHOLDER STANDARD (Milestone B)                                                                                                                                          RSPO INDEPENDENT SMALLHOLDER STANDARD (Milestone B)                                                                                                                                 Concern of Implementation of Indonesian                                                                                                                                                                       PKS Malata: 60 Ton FFB/ Hour” with FFB
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Sustainable Palm Oil Plantation Certification                                                                                                                                                                 supply base from Malata Estate; Nanuah Estate & Sungai Bulik Estate with total area 6.427,02 Ha with supply
                                                         Kalimantan Tengah Province, Indonesia                                                                           INDONESIA NATIONAL INTERPRETATION For the Production of                                                                                                                                      INDONESIA NATIONAL INTERPRETATION For the Production of                                                                                                                                                                                                                                                                                                                                           chain model Mass Balance
  RSPO Registered Parent Company                         PT Sawit Sumbermas Sarana
  RSPO Membership number                                 1-0111-07-000-00
                                                                                                                                                                         Sustainable Palm Oil 2020 Endorsed by the RSPO Board of                                                                                                                                      Sustainable Palm Oil 2020 Endorsed by the RSPO Board of                                                                                                                             For the following activities
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Palm Oil Mill “PMKS (PMKS Nanga Kiu) 60 Ton FFB/ Hour with FFB supply base from Estate Nanga Kiu,
                                                                                                                                                                         Governors on 14 February 2022                                                                                                                                                                Governors on 14 February 2022                                                                                                                                                       Estate Merambang, Estate Sepondam, and Estate Batu Tunggal with total area 8.958,97 Ha.
   Certificate Number                                      RSPO 793972                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    Supply chain model: Mass Balance.

   Operates a Production and Management System which complies with the requirements of Indonesia National Interpretation 2020 of                                         This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain                                                                                      This guarantees that the criteria for processing RSPO certified oil palm products with the supply chain
   RSPO P&C for Sustainable Palm Oil Production 2018 ; with Mass Balance supply chain module for the following scope:                                                    models of Identity Preserved as stated in the RSPO Independent Smallholder Standard 2020 have                                                                                                models of Identity Preserved as stated in the RSPO Independent Smallholder Standard 2020 have
                                                                                                                                                                         been met                                                                                                                                                                                     been met
                        Production of Sustainable Crude Palm Oil (CPO) and Palm Kernel (PK)
   This certificate is in force until further notice, provided that the licensee mentioned in this certificate continues meeting the RSPO                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               This certificate is valid from 12 August 2025 until 11 August 2030 and remains valid subject to satisfactory surveillance
   P&C and certification requirements and the conditions as laid down in the licensee contract with BSI Services Malaysia Sdn. Bhd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     audits.
                                                                                                                                                                         This certificate is valid from 22 October 2024 until 21 October 2029 and remains valid subject to satisfactory surveillance audits.                                                          This certificate is valid from 14 July 2023 until 13 July 2028 and remains valid subject to satisfactory surveillance audits.                                                       This certificate is valid from 12 August 2025 until 11 August 2030 and remains valid subject to satisfactory surveillance                                                                                     Issue 2. Certified since 12 August 2020
   Based on the annual inspections that BSI Services Malaysia Sdn. Bhd. shall conduct this certificate is updated and kept in force.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          audits.                                                                                                                                                                                                       Date of revision 20 August 2025
                                                                                                                                                                         Issue 03. Certified since 22 October 2019.                                                                                                                                                   Issue 04. Certified since 14 July 2023.
        Issued by                                    BSI Services Malaysia Sdn. Bhd.                                                                                     Date of Certificate Issue: 25 November 2025                                                                                                                                                  Date of Certificate Issue: 10 September 2025                                                                                                                                        Issue 2. Certified since 12 August 2020
                                                                                                                                                                         Certified activities performed by additional sites are listed on subsequent pages                                                                                                            Certified activities performed by additional sites are listed on subsequent pages                                                                                                   Date of revision 12 September 2025

        Authorised Signature on Behalf
        of BSI
        Authorised Signatory Name                    Evelyn Chye, Managing Director


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Authorised by
   Original Registration Date: 24/06/2024                                                     Effective Date: 24/06/2024
                                                                                                                                                                         Authorised by                                                                                                                                                                                Authorised by                                                                                                                                                                                                                                                                                                                                                                                     Waras Putri Andrianti
                                                                                                                                                                         Waras Putri Andrianti                                                                                                                                                                        Waras Putri Andrianti                                                                                                                                                               Authorised by
   Latest Revision Date: 08/07/2025                                                           Expiry Date: 23/06/2029
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Waras Putri Andrianti                                                                                                                                                                                         PT SGS Indonesia
                                                                                                                                                                         PT SGS Indonesia                                                                                                                                                                             PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          PT SGS Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                         The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                     The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                                                                                                         t +6221 2978 0600 - www.sgs.com                                                                                                                                                              t +6221 2978 0600 - www.sgs.com                                                                                                                                                     The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia                                                                                                      t +6221 2978 0600 - www.sgs.com
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          t +6221 2978 0600 - www.sgs.com




   8-0159-15-100-00




This certificate was issued electronically, remains the property of BSI Services Malaysia Sdn. Bhd. and is bound by the conditions of contract.
Printed copies can be validated by calling telephone +603 2081 3311. Further clarifications regarding the scope of this certificate and the applicability of RSPO
Principle & Criteria: 2018 requirements may be obtained by consulting the organization. This certificate is valid only if the provided original copies are in complete   This certificate is issued by SGS, approved by ASI GmbH under its Two-Tier Assurance Program (TTAP) and accredited against ISO 17065 & ISO 17021 by ASI North America for                    This certificate is issued by SGS, approved by ASI GmbH under its Two-Tier Assurance Program (TTAP) and accredited against ISO 17065 & ISO 17021 by ASI North America for
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy.                    This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy.
set. The British Standards Institution is incorporated by Royal Charter. BSI Services Malaysia Sdn. Bhd. Suite 29.01 Level 29, The Gardens North Tower, Mid Valley       RSPO [ASI-ACC-077 & ASI-APP-077]. This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are             RSPO [ASI-ACC-077 & ASI-APP-077]. This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of                           This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia, a Member of the BSI Group of Companies                                                                          permitted and will be considered as copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions               permitted and will be considered as copy. This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions
                                                                                                                                                                         | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized            | SGS. Attention is drawn to the limitation of liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized   liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or                     liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
BSI Services Malaysia Sdn. Bhd. is ISO/IEC 17021-1 and ISO/IEC 17065 accredited; and RSPO Accredited (ASI-ACC-67) since 31/10/2014.                                                                                                                                                                                                                                                                                                                                                                                                                       appearance of this document is unlawful.                                                                                                                                                                      appearance of this document is unlawful.
                                                                                                                                                                         alteration, forgery or falsification of the content or appearance of this document is unlawful.                                                                                              alteration, forgery or falsification of the content or appearance of this document is unlawful.
PF506 Revision 16 (Oct 2024)                                                                                                                  Page 1 of 2                Page 1 of 69                                                                                                                                                                                 Page 1 of 42                                                                                                                                                                        Page 1 / 2                                                                                                                                                                                                    Page 1 / 2




                                                              16                                                                                                                                                                                     17                                                                                                                                                                                      18                                                                                                                                                                                              19                                                                                                                                                                                                      20




16                                                                   ISPO (INDONESIA SUSTAINABLE PALM OIL)

                                                                                                         Penerbit                                                                                                                                                                                                                                                   Lingkup                                                                                                                                                                                                                                                                                                                                                                                 Masa Berlaku
                                                                                                          Issuer                                                                                                                                                                                                                                                     Scope                                                                                                                                                                                                                                                                                                                                                                                  Validity Period
                                                                                     PT BSI Indonesia                                                                                                                                                                     Pabrik Pengolahan Kelapa Sawit Kanamit dan Supply Base                                                                                                                                                                                                                                                                                                                                                                                                                        24 Juni 2023 – 23 Juni 2029
                                                                                                                                                                                                                                                                         Kanamit Palm Oil Processing Plant and Supply Base (PT MKM)                                                                                                                                                                                                                                                                                                                                                                                                                    June 24, 2023 – June 23, 2029




17                                                                   RSPO INDEPENDENT SMALLHOLDER

                                                                                                         Penerbit                                                                                                                                                                                                                                                     Lingkup                                                                                                                                                                                                                                                                                                                                                                                  Masa Berlaku
                                                                                                          Issuer                                                                                                                                                                                                                                                       Scope                                                                                                                                                                                                                                                                                                                                                                                   Validity Period
                                                                                  PT SGS Indonesia                                                                                                  Perkebunan Kelapa Sawit Petani Swadaya di Asosiasi Petani Kelapa Sawit Mandiri                                                                                                                                                                                                                                                                                                                                                                                                                                                                 22 Oktober 2024 - 21 Oktober 2029
                                                                                                                                                                                                      Independent Smallholder of Palm Oil Plantations in the Independent Palm Oil                                                                                                                                                                                                                                                                                                                                                                                                                                                                  October 22, 2024 – October 21, 2029
                                                                                                                                                                                                                                Farmers Association



18                                                                   RSPO INDEPENDENT SMALLHOLDER

                                                                                                         Penerbit                                                                                                                                                                                                                                                     Lingkup                                                                                                                                                                                                                                                                                                                                                                                  Masa Berlaku
                                                                                                          Issuer                                                                                                                                                                                                                                                       Scope                                                                                                                                                                                                                                                                                                                                                                                   Validity Period
                                                                                  PT SGS Indonesia                                                                                                              Perkebunan Kelapa Sawit Pekebun Swadaya di Bumdes Berkah Mulya Jaya                                                                                                                                                                                                                                                                                                                                                                                                                                                                        14 Juli 2023 – 13 Juli 2028
                                                                                                                                                                                                              Independent Smallholder of Palm Oil Plantations in Bumders Berkah Mulya Jaya                                                                                                                                                                                                                                                                                                                                                                                                                                                                July 14, 2023 – July 13, 2028




19                                                                   ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                         Penerbit                                                                                                                                                                                                                                                     Lingkup                                                                                                                                                                                                                                                                                                                                                                                  Masa Berlaku
                                                                                                          Issuer                                                                                                                                                                                                                                                       Scope                                                                                                                                                                                                                                                                                                                                                                                   Validity Period
                                                                                  PT SGS Indonesia                                                                                                                                                                                                                                                           PT Sawit Multi Utama (PT SMU)                                                                                                                                                                                                                                                                                                                                                             12 Agustus 2025 - 11 Agustus 2030
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        August 12, 2025 – August 11, 2030




20                                                                   ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                         Penerbit                                                                                                                                                                                                                                                     Lingkup                                                                                                                                                                                                                                                                                                                                                                                  Masa Berlaku
                                                                                                          Issuer                                                                                                                                                                                                                                                       Scope                                                                                                                                                                                                                                                                                                                                                                                   Validity Period
                                                                                  PT SGS Indonesia                                                                                                                                                                                                                                                           PT Tanjung Sawit Abadi (TSA)                                                                                                                                                                                                                                                                                                                                                              12 Agustus 2025 - 11 Agustus 2030
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        August 12, 2025 – August 11, 2030




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            PT Sawit Sumbermas Sarana Tbk                                                                                                                                                                                                                      31
Page 32
                                                                                        .




                                                                                                                                                                                                                                                                                                                                                                                           SERTIFIKAT ISPO                                                                                                                    SERTIFIKAT ISPO                                                                                                                                     SERTIFIKAT ISPO
                                                                                                                                                                                                                                                                     .




                Menyatakan bahwa Sistem Sertifikasi
                                                                                                                                                                                             Menyatakan bahwa Sistem Sertifikasi
                Kelapa Sawit Berkelanjutan Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                              Sertifikat ini diberikan kepada :                                                                                                  Sertifikat ini diberikan kepada :                                                                                                                   Sertifikat ini diberikan kepada :

                                                                                                                                                                                             Kelapa Sawit Berkelanjutan Indonesia
                                                                                                                                                                                                                                                                                                                                                                      PT SAWIT SUMBERMAS SARANA                                                                                                                  PT KALIMANTAN SAWIT ABADI                                                                                                                            PT KALIMANTAN SAWIT ABADI
                                      PT Menteng Kencana Mas                                                                                                                                                                                                                                                                                                           Alamat :
                                                                                                                                                                                                                       PT Mirza Pratama Putra
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Alamat :                                                                                                                                            Alamat :
                                                                                                                                                                                                                                                                                                                                                                       Head Office                 :   Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,                                              Head Office                 : Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,                                                                 Head Office                 : Jl. H. Udan Said No 47 Pangkalan Bun, Kelurahan Baru,
                                                                                                                                                                                                                                                                                                                                                                                                       Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat                                                                             Kecamatan      Arut Selatan, Kabupaten Kotawaringin Barat                                                                                           Kecamatan      Arut Selatan, Kabupaten Kotawaringin Barat
                    Telah dinilai oleh PT AJA Sertifikasi Indonesia dan teregistrasi terhadap persyaratan
                                                                                                                                                                                                                                                                                                                                                                                                       Provinsi Kalimantan Tengah 74113                                                                                                 Provinsi Kalimantan Tengah 74113                                                                                                                    Provinsi Kalimantan Tengah 74113
                                                                                                                                                                                                 Telah dinilai oleh PT AJA Sertifikasi Indonesia dan teregistrasi terhadap persyaratan
                                         ISPO (Indonesian Sustainable Palm Oil)                                                                                                                                                                                                                                                                                        Site Office                 : Desa Sulung dan Desa Natai Baru, Rangda, Rungun                                                      Site Office                 : Desa Natai Baru Kecamatan Arut Selatan dan Desa Rungun                                                                Site Office                 : Desa Natai Baru Kecamatan Arut Selatan dan Desa Rungun
                                                                                                                                                                                                                                                                                                                                                                                                     Kondang,    Kecamatan        Arut   Selatan,  Kabupaten                                                                            Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin                                                                                                 Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin
                                      PERMENTAN No. 38 Tahun 2020 – Lampiran 1                                                                                                                                        ISPO (Indonesian Sustainable Palm Oil)                                                                                                                                         Kotawaringin Barat, Provinsi Kalimantan Tengah                                                                                     Barat, Provinsi Kalimantan Tengah                                                                                                                   Barat, Provinsi Kalimantan Tengah
                                                                                                                                                                                                                   PERMENTAN No. 38 Tahun 2020 – Lampiran 1
                                                                                                                                                                                                                                                                                                                                                                       Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam                                                                Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam                                                                                 Telah dilakukan penilaian dan dinyatakan memenuhi persyaratan dalam
       Nomor Sertifikat: AJAINDO/ISPO-IN/048/VII/2022                                                                                                                                                                                                                                                                                                                  Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan                                                            Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan                                                                             Peraturan Menteri Pertanian Nomor 38 Tahun 2020 Tentang Penyelenggaraan
                                                                                                                                                                                                                                                                                                                                                                       Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –                                                               Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –                                                                                Sertifikasi Perkebunan Kelapa Sawit berkelanjutan Indonesia (ISPO) –
                                                                                                                                                                                    Nomor Sertifikat: AJAINDO/ISPO-IN/049/VII/2022                                                                                                                                     Lampiran I
       Tanggal Penerbitan Sertifikat: 31/07/2022                                                                                                                                                                                                                                                                                                                                                                                                                                                          Lampiran I                                                                                                                                          Lampiran I

                                                                                                                                                                                    Tanggal Penerbitan Sertifikat: 31/07/2022                                                                                                                                         Unit yang disertifikasi :
       Tanggal Berakhirnya Sertifikat: 30/07/2027                                                                                                                                                                                                                                                                                                                                                                                                                                                        Unit yang disertifikasi :                                                                                                                           Unit yang disertifikasi :
                                                                                                                                                                                                                                                                                                                                                                      Kebun             : 8 (Delapan) Kebun PT Sawit Sumbermas Sarana Seluas
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Kebun             : 2 (Dua) Kebun PT Kalimantan Sawit Abadi seluas 4.442,76 Ha                                                                      Kebun             : 2 (Dua) Kebun PT Kalimantan Sawit Abadi seluas 4.442,76 Ha
                                                                                                                                                                                    Tanggal Berakhirnya Sertifikat: 30/07/2027                                                                                                                                                            16.984,82 Ha di Desa Sulung, Desa Kondang, Desa Rungun,
       Tanggal Re-Registrasi Sertifikat: N.A                                                                                                                                                                                                                                                                                                                                                                                                                                                                                di Desa Natai Baru, Kecamatan Arut Selatan dan Desa Rungun,                                                                                         di Desa Natai Baru, Kecamatan Arut Selatan dan Desa Rungun,
                                                                                                                                                                                                                                                                                                                                                                                          Desa Rangda dan Desa Natai Baru, Kecamatan Arut Selatan,
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin Barat,                                                                                          Kecamatan Kotawaringin Lama, Kabupaten Kotawaringin Barat,
                                                                                                                                                                                    Tanggal Re-Registrasi Sertifikat: N.A                                                                                                                                                                 Kabupaten Kotawaringin Barat, Provinsi Kalimantan Tengah
       Tanggal Pembaharuan Sertifikat: N.A                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Provinsi Kalimantan Tengah                                                                                                                          Provinsi Kalimantan Tengah
                                                                                                                                                                                                                                                                                                                                                                      Pabrik            : 2 (Dua) Pabrik dengan Kapasitas 90 Ton TBS/Jam di Desa Sulung
                                                                                                                                                                                    Tanggal Pembaharuan Sertifikat: N.A                                                                                                                                                                                                                                                                                  Pabrik            : 1 (Satu) Pabrik dengan Kapasitas 90 Ton TBS/Jam di Desa Natai Baru,                                                             Pabrik            : 1 (Satu) Pabrik dengan Kapasitas 90 Ton TBS/Jam di Desa Natai Baru,
                                                                                                                                                                                                                                                                                                                                                                                          dan Desa Rangda, Kecamatan Arut Selatan, Kabupaten
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat, Provinsi                                                                                      Kecamatan Arut Selatan, Kabupaten Kotawaringin Barat, Provinsi
       Tidak diizinkan memperbanyak dokumen ini.                                                                                                                                                                                                                                                                                                                                          Kotawaringin Barat, Provinsi Kalimantan Tengah
       Sertifikat ini adalah milik PT AJA Sertifikasi Indonesia dan harus dikembalikan jika diminta                                                                                                                                                                                                                                                                                                                                                                                                                          Kalimantan Tengah                                                                                                                                   Kalimantan Tengah
                                                                                                                                                                                    Tidak diizinkan memperbanyak dokumen ini.
                                                                                                                                                                                                                                                                                                                                                                      Model Rantai Pasok : Massbalance
                                                                                                                                                                                    Sertifikat ini adalah milik PT AJA Sertifikasi Indonesia dan harus dikembalikan jika diminta                                                                                                                                                                                                                         Model Rantai Pasok : Mass Balance                                                                                                                   Model Rantai Pasok : Mass Balance


                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22040.TSI                                     Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22040.TSI
                                                                        _______________________                                                                                                                                                                                                                                                                       Tanggal Penerbitan Sertifikat : 15 Desember 2022                               Nomor Sertifikat : SPO.22042.TSI
                                                                              Lillian Ann Kallman
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Tanggal Berakhir Sertifikat                 : 14 Desember 2027                                                                                      Tanggal Berakhir Sertifikat                 : 14 Desember 2027
                                                             Presiden DIrektur PT AJA Sertifikasi Indonesia                                                                                                                                                                                                                                                           Tanggal Berakhir Sertifikat                 : 14 Desember 2027
                                                                                                                                                                                                                                                     _______________________
                                                                                                                                                                                                                                                           Lillian Ann Kallman
                                                                                                                                                                                                                                          Presiden DIrektur PT AJA Sertifikasi Indonesia




                     LSISPO-014-IDN
                                                                                                                                                                                                                                                                                                                                                                         Nungky Awang Chandra                                                                                                               Nungky Awang Chandra                                                                                                                                Nungky Awang Chandra
                                                                                                                                                                                                                                                                                                                                                                              Direktur Utama                                                                                                                     Direktur Utama                                                                                                                                       Direktur Utama
        PT AJA Sertifikasi Indonesia, Jl. Daan Mogot Raya No. 119, Komplek Ruko Aldiron, Blok A17-18, Duri Kepa, Kebon Jeruk, Jakarta Barat, DKI Jakarta 11510 - Indonesia
                                                                                                                                                                                                  LSISPO-014-IDN
                                                                            www.ajaindonesia.com
                                                                                                                                                                                                                                                                                                                                                                      Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id     Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id                      Sertifikat dapat diperiksa secara online : 021-74775110 atau www.tsicertification.com atau Email : info@tsicertification.co.id
AJA/TMPL-014 Rev5
                                                                                                                                                                                     PT AJA Sertifikasi Indonesia, Jl. Daan Mogot Raya No. 119, Komplek Ruko Aldiron, Blok A17-18, Duri Kepa, Kebon Jeruk, Jakarta Barat, DKI Jakarta 11510 - Indonesia               PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar            PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar                             PT TSI Sertifikasi Internasional – Ad Premiere, Lantai 16 Jl. TB Simatupang Nomor 5, Kelurahan Ragunan, Kecamatan Pasar
                                                                                                                                                                                                                                                         www.ajaindonesia.com
                                                                                                                                                                                                                                                                                                                                                                                                              Minggu, Jakarta Selatan 12550, DKI Jakarta                                                                                         Minggu, Jakarta Selatan 12550, DKI Jakarta                                                                                                          Minggu, Jakarta Selatan 12550, DKI Jakarta
                                                                                                                                                                             AJA/TMPL-014 Rev5
                                                                                                                                                                                                                                                                                                                                                                        1/3                                                                                                              F-CM-14 Rev.4     1/2                                                                                                              F-CM-14 Rev.4                      1 /2                                                                                                             F-CM-14 Rev.4




                                                                     21                                                                                                                                                                    22                                                                                                                                                                               23                                                                                                                                 24                                                                                                                                                   25


21                                                                            ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                                      Penerbit                                                                                                                                                                                                                                       Lingkup                                                                                                                                                                                                                                                                    Masa Berlaku
                                                                                                                       Issuer                                                                                                                                                                                                                                         Scope                                                                                                                                                                                                                                                                     Validity Period
                                                                              PT ACT Internasional                                                                                                                                                                                                                                                         PT Menteng Kencana Mas (MKM)                                                                                                                                                                                                                                                      31 Juli 2022 – 30 Juli 2027
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            July 31, 2022 – July 31, 2027




22                                                                            ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                                      Penerbit                                                                                                                                                                                                                                       Lingkup                                                                                                                                                                                                                                                                    Masa Berlaku
                                                                                                                       Issuer                                                                                                                                                                                                                                         Scope                                                                                                                                                                                                                                                                     Validity Period
                                                                              PT ACT Internasional                                                                                                                                                                                                                                                          PT Mirza Pratama Putra (MPP)                                                                                                                                                                                                                                                     31 Juli 2022 – 30 Juli 2027
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            July 31, 2022 – July 31, 2027




23                                                                            ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                                      Penerbit                                                                                                                                                                                                                                       Lingkup                                                                                                                                                                                                                                                                    Masa Berlaku
                                                                                                                       Issuer                                                                                                                                                                                                                                         Scope                                                                                                                                                                                                                                                                     Validity Period
                                      PT TSI Sertifikasi Internasional                                                                                                                                                                                                                                                                                    PT Sawit Sumbermas Sarana (SSS)                                                                                                                                                                                                            15 Desember 2022 – 14 Desember 2027
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     December 15, 2024 – December 14, 2027




24                                                                            ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                                      Penerbit                                                                                                                                                                                                                                                   Lingkup                                                                                                                                                                                                                                                            Masa Berlaku
                                                                                                                       Issuer                                                                                                                                                                                                                                                     Scope                                                                                                                                                                                                                                                             Validity Period
                                      PT TSI Sertifikasi Internasional                                                                                                                                                                                                                                                                                       PT Kalimantan Sawit Abadi (KSA)                                                                                                                                                                                                                               15 Desember 2022 – 14 Desember 2027
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           December 15, 2024 – December 14, 2027




25                                                                            ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN INTI

                                                                                                                      Penerbit                                                                                                                                                                                                                                                   Lingkup                                                                                                                                                                                                                                                            Masa Berlaku
                                                                                                                       Issuer                                                                                                                                                                                                                                                     Scope                                                                                                                                                                                                                                                             Validity Period
                                      PT TSI Sertifikasi Internasional                                                                                                                                                                                                                                                                                        PT Mitra Mendawai Sejati (MMS)                                                                                                                                                                                                                               15 Desember 2022 – 14 Desember 2027
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           December 15, 2024 – December 14, 2027




32                                                          Laporan Tahunan 2025 Annual Report
Page 33
                                                                                                                                                                                                                                                                                                       Kilas Kinerja 2025
                                                                                                                                                                                                                                                                                             2025 Performance Highlights




                                                                                           Certificate ID24/00000388
                                                                                           SGS-ID-ISPO-00112
                                                                                           C




                                                                                           The certification system of

                                                                                           Asosiasi Petani Kelapa Sawit Mandiri

                                                                                           Desa Kadipi Atas, Desa Sumber Agung, Desa Purbasari, Desa Pangkalan Durin, Desa Sungai Rangit Jaya,
                                                                                           Kecamatan Pangkalan Lada, Kabupaten Kotawaringin Barat, Provinsi Kalimantan Tengah, Indonesia

                                                                                           has been assessed and certified as meeting the requirements of
                                                                                           INDONESIAN SUSTAINABLE PALM OIL (ISPO)
                                                                                           Regulation of The Minister of Agriculture No. 38 Year 2020
                                                                                           Concern of Implementation of Indonesian
                                                                                           Sustainable Palm Oil Plantation Certification
                                                                                           For the following activities
                                                                                           FFB Producer from Asosiasi Petani Kelapa Sawit Mandiri Estate with total area 380,61 Ha,
                                                                                           consist of 343 Plots with 173 Smallholders.

                                                                                           Supply Chain Model: N/A




                                                                                           This certificate is valid from 22 December 2024 until 21 December 2029 and remains valid subject to satisfactory
                                                                                           surveillance audits.
                                                                                           Issue 1. Certified since 22 December 2024




                                                                                           Authorised by
                                                                                           Waras Putri Andrianti
                                                                                           PT SGS Indonesia
                                                                                           The Garden Centre 2nd Floor, Cilandak Commercial Estate, Jl. Raya Cilandak KKO, Jakarta 12560, Indonesia
                                                                                           t +6221 2978 0600 - www.sgs.com




                                                                                           This document is an authentic electronic certificate for Client’ business purposes use only. Printed version of the electronic certificate are permitted and will be considered as a copy.
                                                                                           This document is issued by the Company subject to SGS General Conditions of certification services available on Terms and Conditions | SGS. Attention is drawn to the limitation of
                                                                                           liability, indemnification and jurisdictional clauses contained therein. This document is copyright protected and any unauthorized alteration, forgery or falsification of the content or
                                                                                           appearance of this document is unlawful.

                                                                                           Page 1 / 2




                        26                                   27                                                                                                         28                                                                                                                          29


26    ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN PLASMA

           Penerbit                                                   Lingkup                                                                                                                                                                                                                      Masa Berlaku
            Issuer                                                     Scope                                                                                                                                                                                                                       Validity Period
 PT TSI Sertifikasi Internasional                       Koperasi Jasa Nuangan Kasuma Jaya                                                                                                                                                                                                10 Desember 2024 – 9 Desember 2029
                                                              Kebun Plasma PT MMS                                                                                                                                                                                                       December 10, 2024 – December 09, 2029
                                                             Plasma Estate of PT MMS



27    ISPO (INDONESIA SUSTAINABLE PALM OIL) UNTUK PERKEBUNAN PLASMA

           Penerbit                                                   Lingkup                                                                                                                                                                                                                      Masa Berlaku
            Issuer                                                     Scope                                                                                                                                                                                                                       Validity Period
 PT TSI Sertifikasi Internasional                       Koperasi Jasa Kondang Maju Bersama                                                                                                                                                                                              19 September 2024 – 18 September 2029
                                                               Kebun Plasma PT KSA                                                                                                                                                                                                      September 19, 2024 – September 19, 2029
                                                              Plasma Estate of PT KSA



28    ISPO INDEPENDENT SMALLHOLDER

           Penerbit                                                   Lingkup                                                                                                                                                                                                                      Masa Berlaku
            Issuer                                                     Scope                                                                                                                                                                                                                       Validity Period
       PT SGS Indonesia             Perkebunan Kelapa Sawit Petani Swadaya di Asosiasi Petani Kelapa Sawit Mandiri                                                                                                                                                                      22 Desember 2024 - 21 Desember 2029
                                    Independent Smallholder of Palm Oil Plantations in the Independent                                                                                                                                                                                  December22, 2024 – December 21, 2029
                                    Palm Oil Farmers Association




29   ISO 22000:2018

          Penerbit                                                   Lingkup                                                                                                                                                                                                                      Masa Berlaku
           Issuer                                                     Scope                                                                                                                                                                                                                       Validity Period
           Sucofindo                Production of Refined Bleached Deodorized Palm Oil (RBDPO), Refined Bleached                                                                                                                                                                           15 Januari 2022 - 14 Januari 2028
                                    Deodorized Palm Kernel Oil (RBDPKO), Palm Fatty Acid Distillate (PFAD), Palm                                                                                                                                                                          January 15, 2022 - January 14, 2028
                                    Kernel Fatty Acid Distillate (PKFAD), Refined Bleached Deodorized Palm Olein
                                    (RBDPL), Refined Bleached Deodorized Palm Stearin (RBDPS):

                                    Production of CPKO:
                                    Raw Material Receiving, Firs Press, Second Press, Filtration, Finished Goods
                                    Bulking, Shipment

                                    Production of Cooking Oil:
                                    Raw Material, Filtration, Raw Material Receiving, Filling, Packaging, Packing,
                                    Finished Goods Storing, Shipment.




                                                                                                                                                                                                                                                                                         PT Sawit Sumbermas Sarana Tbk            33
Page 34
                      30                                  31                                       32                            33


30    HACCP : 2018

          Penerbit                                                 Lingkup                                                     Masa Berlaku
           Issuer                                                   Scope                                                      Validity Period
          Sucofindo           Production of Refined Bleached Deodorized Palm Oil (RBDPO), Refined Bleached              11 Januari 2019 - 10 Januari 2028
                              Deodorized Palm Kernel Oil (RBDPKO), Palm Fatty Acid Distillate (PFAD), Palm             January 11, 2019 - January 10, 2028
                              Kernel Fatty Acid Distillate (PKFAD), Refined Bleached Deodorized Palm Olein
                              (RBDPL), Refined Bleached Deodorized Palm Stearin (RBDPS): Raw Material
                              Receiving, Raw Material Bulking, Physical Refinery, Dry Fractionation, Finished
                              Goods Bulking, Shipment.

                              Production of CPKO:
                              Raw Material Receiving, Raw Material Second Press, Filtration, Finished Goods
                              Bulking, Shipment.

                              Production of Cooking Oil:
                              Raw Material Bulking, Filtration, Raw Material Receiving, Filling, Packaging, Packing,
                              Finished Goods Storing, Shipment.




31    GMP+FSA: 2020

          Penerbit                                                 Lingkup                                                     Masa Berlaku
           Issuer                                                   Scope                                                      Validity Period
          Sucofindo                        Produksi Palm Fatty Acid Distillate (PFAD), Palm Kernel                      10 Januari 2025 - 09 Januari 2028
                                         Fatty Acid Distillate (PKFAD) dan Palm Kernel Expeller (PKE)                  January 10, 2025 - January 09, 2028

                                        Production of Palm Fatty Acid Distillate (PFAD), Palm Kernel
                                        Fatty Acid Distillate (PKFAD) and Palm Kernel Expeller (PKE)




32    SERTIFIKAT SNI

          Penerbit                                                     Lingkup                                                     Masa Berlaku
           Issuer                                                       Scope                                                      Validity Period
          Sucofindo                                            Untuk produk “Minyakita”                                       03 Juni 2024 - 02 Juni 2028
                                                              For the “Minyakita” product                                    June 03, 2024 - June 02, 2028




33    SERTIFIKAT SNI

          Penerbit                                                     Lingkup                                                     Masa Berlaku
           Issuer                                                       Scope                                                      Validity Period
          Sucofindo                                              Untuk produk “Hanau”                                         03 Juni 2024 - 02 Juni 2028
                                                                For the “Hanau” product                                      June 03, 2024 - June 02, 2028




34   Laporan Tahunan 2025 Annual Report
Page 35
                                                                                                                                                                                                                                                                                                                                                           Kilas Kinerja 2025
                                                                                                                                                                                                                                                                                                                                                 2025 Performance Highlights




                                                         REV.13.01.25




                                                                                                 REPUBLIK INDONESIA
                                                                                               (REPUBLIC OF INDONESIA)
                                                                                                        ‫ﺟﻤﻬﻮﺭﻳﺔ ﺇﻧﺪﻭﻧﻴﺴﻴﺎ‬
                                                                                                    SERTIFIKAT HALAL
                                                                                                    (HALAL CERTIFICATE)


                                                                                                   ‫ﺷﻬﺎﺩﺓ ﺍﻟﺤﻼﻝ‬
                                                                    Nomor Sertifikat              ID00410000259590622                                             ‫ﺭﻗﻢ ﺍﻟﺸﻬﺎﺩﺓ‬
                                                                    Certificate Number


                                                                  Berdasarkan keputusan penetapan halal produk Majelis Ulama Indonesia nomor :
                                                                        Based on the decree to stipulating halal products of the Indonesian Council of Ulama :
                                                                            : ‫ﺍﺳﺘﻨﺎﺩﺍ ﻋﻠﻰ ﻗﺮﺍﺭ ﻣﺠﻠﺲ ﺍﻟﻌﻠﻤﺎﺀ ﺍﻹﻧﺪﻭﻧﻴﺴﻲ ﻋﻦ ﺗﺤﺪﻳﺪ ﺍﻟﺤﻼﻝ ﻟﻠﻤﻨﺘﺠﺎﺕ‬
                                                                                       LPPOM-00080090740918 Tan ggal 13 Ju li 2022                                                                                                                                                                                                               KC# 10358238 - 1
                                                                                                                                                                                                                                                                                                                                                 22 Marcheshvan, 5786
                                                         Jenis Produk                         Lem ak , m in yak , dan em u lsi m in yak
                                                         Type of Product                                                                                                                           ‫ﻧﻮﻉ ﺍﻟﻤﻨﺘﺞ‬                                                                                                                                    November 13, 2025
                                                                                                                                                                                                                                                                                PT Citra Borneo Utama Tbk
                                                         Nama Produk                          -Ter lam pir / As At t ach ed-                                                                                                                                                    Jl. H. Udan Said No. 47
                                                         Name of Product
                                                                                                                                                                                                    ‫ﺍﺳﻢ ﺍﻟﻤﻨﺘﺞ‬                                                                  Pangkalan Bun, Kota Waringin Barat/Central of Kalimantan 74113
                                                                                                                                                                                                                                                                                INDONESIA
                                                         Nama Pelaku Usaha                    PT Cit r a Bor n eo Ut am a Tbk
                                                         Name of Company                                                                                                                           ‫ﺍﺳﻢ ﺍﻟﺸﺮﻛﺔ‬    The following products sold by PT Citra Borneo Utama Tbk are certified Kosher with the listed restrictions.

                                                         Alamat Pelaku Usaha                  Kelu r ah an Ku m ai Hu lu , Kecam at an Ku m ai, Kab.                                                             Name                                                           K-ID           Status                              Restriction                   Size
                                                         Company's Address                    Kot awar in gin Bar at , Kalim an t an Ten gah , ,                                                 ‫ﻋﻨﻮﺍﻥ ﺍﻟﺸﺮﻛﺔ‬
                                                                                                                                                                                                                 Crude Palm Kernel Oil                                          XBK-MBXX      Pareve                               BULK TRANSPORT
                                                                                              In don esia
                                                                                                                                                                                                                 Note: The transport requires separate kosher certification.
                                                                                                                                                                                                                 Palm Fatty Acid Distillate                                     JVR-PRGJ      Pareve                               BULK TRANSPORT
                                                                                                                                                                                                                 Note: The transport requires separate kosher certification.
                                                         Diterbitkan di Jakarta pada          14 J u li 2022                                                                                                     Palm Kernel Fatty Acid Distillate                              JVM-JRBK      Pareve                               BULK TRANSPORT
                                                         Issued in Jakarta on                                                                                        ‫ﺃﺻﺪﺭﺕ ﺍﻟﺸﻬﺎﺩﺓ ﺑﺠﺎﻛﺮﺗﺎ ﻓﻲ‬
                                                                                                                                                                                                                 Note: The transport requires separate kosher certification.
                                                                                                                                                                                                                 Refined Bleached Deodorized Olein IV56                         JVQ-XVRW      Pareve                               BULK TRANSPORT
                                                                                                                                                                                                                 Note: The transport requires separate kosher certification.

                                                                                                                                                                                                                                                                               This certificate is VALID UNTIL November 30, 2026
                                                                                         telah memenuhi ketentuan perundang-undangan
                                                                                       Has complied with the provision of laws and regulations
                                                                                                      ‫ﻗﺪ ﺍﺳﺘﻮﻓﺖ ﺃﺣﻜﺎﻡ ﺍﻟﺘﺸﺮﻳﻊ‬                                                                                                          Verify authenticity by
                                                         KEPALA                                                                                                                                                                        entering K-ID at
                                                         BADAN PENYELENGGARA JAMINAN PRODUK HALAL                                                                                                                                      www.digitalkosher.com
                                                         HEAD OF HALAL PRODUCT ASSURANCE BODY

                                                              ‫ﺭﺋﻴﺲ ﻭﻛﺎﻟﺔ ﺿﻤﺎﻥ ﺍﻟﻤﻨﺘﺠﺎﺕ ﺍﻟﺤﻼﻝ‬



                                                                                                                   Dokumen ini telah ditandatangani secara elektronik menggunakan sertifikat
                                                         Ah m ad Haik al Hasan                                             elektronik yang diterbitkan oleh Balai Sertifikasi Elektronik, BSSN




                          34                                                                     35                                                                                                                                                                                        36


34 SERTIFIKAT SNI
        Penerbit                                                         Lingkup                                                                                                                                                                                                                                                                                        Masa Berlaku
         Issuer                                                           Scope                                                                                                                                                                                                                                                                                         Validity Period
        Sucofindo                              Untuk produk “Nuriyah Cooking Oil”                                                                                                                                                                                                                                                                 03 Juni 2024 - 02 Juni 2028
                                              For the “Nuriyah Cooking Oil” product                                                                                                                                                                                                                                                              June 03, 2024 - June 02, 2028




35   SERTIFIKAT HALAL | HALAL CERTIFICATE

        Penerbit                                                        Lingkup                                                                                                                                                                                                                                                                                         Masa Berlaku
         Issuer                                                          Scope                                                                                                                                                                                                                                                                                          Validity Period
         BPJPH                           Untuk produk lemak, minyak dan emulsi minyak                                                                                                                                                                                                                                                                14 Juli 2022– 14 Juli 2026
                                             For fat, oil, and oil emulsion products                                                                                                                                                                                                                                                                July 14, 2022 – July 14, 2026




36   SERTIFIKAT KOSHER

        Penerbit                                                         Lingkup                                                                                                                                                                                                                                                                                        Masa Berlaku
         Issuer                                                           Scope                                                                                                                                                                                                                                                                                         Validity Period
        OK Kosher        Untuk produk Refined Bleached Deodorized Olein IV58, Refined Bleached                                                                                                                                                                                                                         30 November 2025 - 30 November 2026
                         Deodorized Palm Kernel Oil, Refined Bleached Deodorized Palm Oil, Refined                                                                                                                                                                                                                     November 30, 2025 - November 30, 2026
                         Bleached Deodorized Stearin, Crude Palm Kernel Oil, Palm Fatty Acid Distillate,
                         Palm Kernel Fatty Acid Distillate, dan Refined Bleached Deodorized Olein IV56
                         For Refined Bleached Deodorized Olein IV58, Refined Bleached Deodorized Palm
                         Kernel Oil, Refined Bleached Deodorized Palm Oil, Refined Bleached Deodorized
                         Stearin, Crude Palm Kernel Oil, Palm Fatty Acid Distillate, Palm Kernel Fatty Acid
                         Distillate, and Refined Bleached Deodorized Olein IV56




                                                                                                                                                                                                                                                                                                                             PT Sawit Sumbermas Sarana Tbk                                35
Page 36
Kilas Peristiwa 2025
2025 Event Highlights
                                           Juni June
                                           SSMS Meraih Dua Penghargaan Bergengsi di Ajang TOP CSR Award 2025
                                           SSMS Wins Two Prestigious Awards at the TOP CSR Award 2025

                                           PT Sawit Sumbermas Sarana Tbk (SSMS) meraih dua penghargaan bergengsi di ajang TOP
                                           CSR Award 2025, yaitu Top CSR Awards 2025 #Star 5, dan Top Leader on CSR Commitment
                                           2025 yang digelar di Hotel Raffles Jakarta pada hari Rabu, 11 Juni 2025. Kedua penghargaan
                                           ini menjadi bukti komitmen SSMS dalam menjalankan strategi bisnis yang berkelanjutan dan
                                           bertanggung jawab secara sosial.
                                           PT Sawit Sumbermas Sarana Tbk (SSMS) won two prestigious awards at the 2025 TOP
                                           CSR Award: Top CSR Awards 2025 #Star 5 and Top Leader on CSR Commitment 2025. The
                                           awards ceremony was held at the Raffles Hotel Jakarta on Wednesday, June 11, 2025. These
                                           recognitions serve as evidence of SSMS’s commitment to implementing sustainable and
                                           socially responsible business strategies.




                                           Juni June
                                           SSMS Melalui PT Mitra Mendawai Sejati (MMS) Lakukan Perhitungan Karbon Berbasis Sistem
                                           Registri Nasional (SRN)
                                           SSMS, Through PT Mitra Mendawai Sejati (MMS), Conducts Carbon Accounting Based on the
                                           National Registry System (SRN)

                                           PT Sawit Sumbermas Sarana Tbk (SSMS) melalui anak usahanya PT Mitra Mendawai Sejati (MMS)
                                           secara resmi melakukan penghitungan emisi dan serapan karbon berbasis Sistem Registri
                                           Nasional Pengendalian Perubahan Iklim (SRN-PPI) yang dikelola oleh Kementerian Lingkungan
                                           Hidup dan Kehutanan (KLHK) Republik Indonesia. Langkah ini dilakukan sebagai bagian dari
                                           strategi keberlanjutan SSMS serta komitmen dalam mendukung target pengurangan emisi
                                           Gas Rumah Kaca (GRK) nasional.
                                           PT Sawit Sumbermas Sarana Tbk (SSMS), through its subsidiary PT Mitra Mendawai Sejati
                                           (MMS), has officially carried out carbon emission and absorption accounting based on the
                                           National Registry System for Climate Change Control (SRN-PPI), managed by the Ministry of
                                           Environment and Forestry (KLHK) of the Republic of Indonesia. This initiative is part of SSMS’s
                                           sustainability strategy and its commitment to supporting the national greenhouse gas (GHG)
                                           emission reduction targets.




                                           Juli July
                                           SSMS Dukung Transformasi Teknologi dan Inovasi Sawit Berkelanjutan
                                           SSMS Supports Technological Transformation and Sustainable Palm Oil Innovation

                                           PT Sawit Sumbermas Sarana Tbk (SSMS) berpartisipasi aktif dalam Pertemuan Teknis Kelapa
                                           Sawit (PTKS) 2025, yang diselenggarakan pada tanggal 16–17 Juli 2025 di Yogyakarta. Kegiatan
                                           ini merupakan agenda per dua tahunan yang diinisiasi oleh Pusat Penelitian Kelapa Sawit (PPKS)
                                           sebagai wadah pertemuan strategis bagi para pemangku kepentingan, peneliti, akademisi,
                                           praktisi, dan pekebun kelapa sawit dari seluruh Indonesia untuk berdiskusi dan berbagi inovasi
                                           terkini di industri kelapa sawit.
                                           PT Sawit Sumbermas Sarana Tbk (SSMS) actively participated in the 2025 Palm Oil Technical
                                           Meeting (PTKS), held on 16–17 July 2025 in Yogyakarta. This biennial event, initiated by the
                                           Indonesian Oil Palm Research Institute (PPKS), serves as a strategic forum for stakeholders,
                                           researchers, academics, practitioners, and palm oil growers from across Indonesia to discuss
                                           and share the latest innovations in the palm oil industry.




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                                                                      Kilas Kinerja 2025
                                                            2025 Performance Highlights




Agustus August
H. Abdul Rasyid AS Menerima Tanda Kehormatan Bintang Mahaputera Pratama
H. Abdul Rasyid AS, Receives the Bintang Mahaputera Pratama Honor

Presiden Republik Indonesia, Prabowo Subianto, menganugerahkan Tanda Kehormatan
Bintang Mahaputera Pratama kepada H. Abdul Rasyid AS, Chairman sekaligus Owner Citra
Borneo Indah (CBI) Group, pemegang saham terbesar PT Sawit Sumbermas Sarana Tbk (SSMS).
Penghargaan ini diserahkan dalam upacara kenegaraan di Istana Negara, Jakarta, bertepatan
dengan rangkaian peringatan Hari Ulang Tahun ke-80 Republik Indonesia.
The President of the Republic of Indonesia, Prabowo Subianto, conferred the Bintang
Mahaputera Pratama honorary title upon H. Abdul Rasyid AS, Chairman and Owner of Citra
Borneo Indah (CBI) Group, the largest shareholder of PT Sawit Sumbermas Sarana Tbk (SSMS).
The award was presented during a state ceremony at the State Palace in Jakarta, in conjunction
with the commemoration of the 80th Anniversary of the Republic of Indonesia.




November November
SSMS Mendapatkan Fasilitas Pinjaman Sindikasi Hingga Rp 5,2 Triliun
SSMS Secures Syndicated Loan Facility of Up to IDR5.2 Trillion

PT Sawit Sumbermas Sarana Tbk (SSMS) menandatangani perjanjian pembiayaan sindikasi
dengan perbankan dan lembaga keuangan terkemuka nasional yang dipimpin oleh PT Bank
Rakyat Indonesia (Persero) Tbk (BBRI) sebagai Original Mandated Lead Arranger & Bookrunner
(OMLAB). Sindikasi pemberi pinjaman lengkap antara lain BBRI, PT Bank Negara Indonesia
(Persero) Tbk (BBNI), PT Bank Syariah Indonesia (Persero) Tbk (BSI), Lembaga Pembiayaan
Ekspor Indonesia (LPEI), PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA), PT Bank Maybank
Indonesia Tbk (BNII), PT Bank KB Indonesia Tbk (BBKP), dan PT Allo Bank Indonesia Tbk (BBHI),
dengan total nilai fasilitas maksimal Rp 5,2 triliun. Pembiayaan sindikasi merupakan bagian
dari strategi Perusahaan untuk memperkuat struktur keuangan dan operasionalnya.
PT Sawit Sumbermas Sarana Tbk (SSMS) has signed a syndicated financing agreement with
leading national banks and financial institutions, led by PT Bank Rakyat Indonesia (Persero)
Tbk (BBRI) as the Original Mandated Lead Arranger & Bookrunner (OMLAB). The full syndicate
of lenders includes BBRI, PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Syariah
Indonesia (Persero) Tbk (BSI), Indonesia Eximbank (Indonesia Export Financing Agency LPEI),
PT Bank Woori Saudara Indonesia 1906 Tbk (SDRA), PT Bank Maybank Indonesia Tbk (BNII), PT
Bank KB Indonesia Tbk (BBKP), and PT Allo Bank Indonesia Tbk (BBHI), with a total maximum
facility value of IDR5.2 trillion. This syndicated financing is part of the Company’s strategy to
strengthen its financial structure and operational capacity.




                                                        PT Sawit Sumbermas Sarana Tbk           37
Page 38
02

Laporan
Manajemen
Management
Report




38   Laporan Tahunan 2025 Annual Report
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           Laporan Manajemen
           Management Report




PT Sawit Sumbermas Sarana Tbk   39
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Laporan Dewan Komisaris
Board of Commissioners’ Report




      PROF. DR. IR.
       BUNGARAN
         SARAGIH
        Komisaris Utama
 President Commissioner




40   Laporan Tahunan 2025 Annual Report
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                                                                                                Laporan Manajemen
                                                                                                Management Report




Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Our Value Shareholders and Stakeholders,


Pertama-tama, marilah kita memanjatkan puji dan syukur ke     First and foremost, we express our gratitude to Almighty
hadirat Tuhan Yang Maha Esa karena atas rahmat dan karunia-   God for His blessings and grace, which have enabled the
Nya, Perseroan dapat menutup tahun 2025 dengan kinerja        Company to close the year 2025 with resilient performance
yang tetap kuat di tengah dinamika global dan domestik.       amid global and domestic dynamics. The year 2025 has been
Tahun 2025 menjadi periode yang menuntut ketangguhan,         a period that demanded resilience, disciplined execution, and
disiplin eksekusi, serta ketepatan pengambilan keputusan      sound decision-making, given the volatility in commodity
mengingat volatilitas pasar komoditas, perubahan kebijakan    markets, shifts in energy policies, and ongoing geopolitical
energi, dan ketidakpastian geopolitik yang masih membayangi   uncertainties affecting the global economy.
perekonomian dunia.

Melalui laporan ini, Dewan Komisaris menyampaikan ringkasan   Through this report, the Board of Commissioners presents
pelaksanaan fungsi pengawasan terhadap kebijakan dan          a summary of its supervisory function over the policies and
jalannya pengurusan Perseroan yang dilakukan Direksi          management of the Company carried out by the Board of
sepanjang tahun 2025. Laporan ini merupakan wujud             Directors throughout 2025. This report serves as a form of
pertanggungjawaban kepada pemegang saham dan pemangku         accountability to shareholders and stakeholders, as well as
kepentingan, serta bagian dari komitmen Perseroan dalam       a reflection of the Company’s commitment to implementing
menerapkan prinsip Tata Kelola Perusahaan yang Baik (Good     Good Corporate Governance (GCG) principles in accordance
Corporate Governance/GCG) sesuai peraturan perundang-         with prevailing laws and regulations.
undangan yang berlaku.

Pandangan Dewan Komisaris                                     Board of Commissioners’ View
terhadap Kondisi Ekonomi Global,                              on Global, National, and Industry
Nasional, dan Industri                                        Economic Conditions
Sepanjang tahun 2025, perekonomian global berada pada fase    Throughout 2025, the global economy experienced moderate
pertumbuhan yang moderat namun penuh ketidakpastian.          growth amid heightened uncertainty. The volatility in
Volatilitas pasar komoditas dunia, termasuk minyak dan        global commodity markets, including oil and metals,
logam, mencerminkan perubahan struktur permintaan dan         reflects structural shifts in demand and global investment
distribusi investasi global yang terdampak oleh kombinasi     flows influenced by a combination of geopolitical risks,
risiko geopolitik, kebijakan perdagangan proteksionis, dan    protectionist trade policies, and tighter monetary policies




                                                                                     PT Sawit Sumbermas Sarana Tbk    41
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kebijakan moneter yang lebih ketat di beberapa negara maju.              in several advanced economies. In recent months, global commodity
Dalam beberapa bulan terakhir, pasar komoditas global mengalami          markets have experienced a sharp decline driven by concerns
penurunan tajam akibat kekhawatiran tentang suku bunga yang tetap        over persistently high interest rates, a stronger US dollar, and
tinggi, penguatan dolar AS, serta koreksi ekuitas yang meluas di pasar   widespread equity market corrections, which have also pressured
internasional, yang turut menekan komoditas energi seperti minyak        energy commodities such as crude oil and industrial metals. This
mentah serta logam industri. Penurunan ini menunjukkan bahwa             trend highlights that global risk dynamics remain a key driver of
struktur risiko global tetap menjadi pendorong utama volatilitas         macroeconomic volatility in 2025.
ekonomi makro di 2025.

Dari sisi konsumsi pangan global, data FAO menunjukkan bahwa             From the perspective of global food consumption, FAO data indicates
indeks harga pangan dunia yang mengindeks “vegetable oil” justru         that the global food price index for “vegetable oils” has shown an
menunjukkan kenaikan, termasuk pada minyak nabati karena                 increase, including for edible oils, driven by strong demand from
permintaan yang kuat dari negara-negara Asia seperti India dan           Asian countries such as India and China, despite an overall decline
China, meskipun harga pangan secara umum menurun. Hal ini                in food prices. This reflects the uneven dynamics of commodity
menandakan ketidakseragaman dinamika pasar komoditas, di mana            markets, where food and energy demand continue to be key drivers
kebutuhan pangan dan energi masih menjadi pendorong penting              of certain commodity prices.
harga komoditas tertentu.

Di tingkat nasional, Indonesia menunjukkan ketahanan yang relatif        At the national level, Indonesia demonstrated relatively strong
kuat. Badan Pusat Statistik (BPS) mencatat perekonomian Indonesia        resilience. Statistics Indonesia (BPS) recorded economic growth
tumbuh 5,11% sepanjang tahun 2025, meningkat dibandingkan 2024           of 5.11% in 2025, an increase from 5.03% in 2024. This growth
sebesar 5,03%. Peningkatan ini memperlihatkan fundamental                reflects sustained domestic demand fundamentals, while exports
permintaan domestik yang terjaga, sementara ekspor barang dan            of goods and services continued to expand as one of the key growth
jasa tetap tumbuh sebagai salah satu pendorong. Kinerja ekonomi          drivers. The stable performance of the national economy provides
nasional yang stabil menjadi landasan bagi keberlanjutan investasi       a solid foundation for sustained investment in the real sector and
sektor riil dan aktivitas industri berbasis sumber daya alam, termasuk   activities in natural resource-based industries, including the palm
perkebunan kelapa sawit.                                                 oil plantation sector.



     Infografis 1. Pertumbuhan Ekonomi Indonesia
     Infographic 1. Indonesia’s Economic Growth

                          5.3



                          5.2
Pertumbuhan PDB (% yoy)




                                                                                                                                 5.11%

                          5.1       5.05%
                                                                         5.03%

                          5.0



                          4.9



                          4.8
                                  2023                                    2024                                                    2025
       Sumber | Source: BPS (2023-2025).
       Pertumbuhan Ekonomi Indonesia 2023 – 2025 = Indonesia’s Economic Growth 2023 – 2025
       Pertumbuhan PDB (% YoY) = GDP growth (% YoY)




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                                                                                                                   Laporan Manajemen
                                                                                                                   Management Report




Untuk industri kelapa sawit, tahun 2025 menunjukkan dinamika            For the palm oil industry, 2025 reflected a complex set of dynamics.
yang kompleks. Harga CPO diperkirakan melemah dan menutup               CPO prices were projected to weaken and close the year in negative
tahun di zona negatif, yang menunjukkan peningkatan volatilitas         territory, indicating heightened volatility in the global vegetable
di pasar minyak nabati dunia akibat ketidakpastian geopolitik dan       oil market driven by geopolitical uncertainty and fluctuations in
fluktuasi permintaan global. Meski demikian, pelaku pasar tetap          global demand. Nevertheless, market participants continued to
melihat faktor seasonal dan penurunan produksi di beberapa wilayah      view seasonal factors and production declines in certain regions
sebagai potensi dukungan harga.                                         as potential price support.

Di Indonesia, pertumbuhan industri kelapa sawit ditandai oleh           In Indonesia, the palm oil industry’s growth was characterized by
penguatan serapan domestik dan dinamika ekspor. Pemerintah              stronger domestic absorption and evolving export dynamics. The
menerapkan mandatori biodiesel B40 mulai 1 Januari 2025 dengan          Government implemented the B40 biodiesel mandate starting
alokasi sekitar 15,6 juta kiloliter, yang memperbesar kebutuhan         January 1, 2025, with an allocation of approximately 15.6 million
minyak sawit sebagai bahan baku energi dalam negeri. Pada saat          kiloliters, increasing the demand for palm oil as a domestic energy
yang sama, pelaku industri menghadapi perubahan pola ekspor             feedstock. At the same time, industry players faced shifting export
karena sebagian pasokan terserap pasar domestik, sementara harga        patterns as part of the supply was absorbed by the domestic market,
CPO global bergerak volatil mengikuti permintaan minyak nabati,         while global CPO prices remained volatile, influenced by vegetable
kebijakan energi, dan kondisi cuaca. Secara umum, konsensus             oil demand, energy policies, and weather conditions. Overall,
pasar yang dihimpun Reuters menunjukkan ekspektasi harga                market consensus compiled by Reuters indicated expectations of
minyak sawit rata-rata lebih tinggi pada 2025 dibanding 2024, yang      higher average palm oil prices in 2025 compared to 2024, providing
membuka peluang perbaikan margin bila disertai efisiensi biaya dan       opportunities for margin improvement when supported by cost
produktivitas kebun yang terjaga.                                       efficiency and sustained plantation productivity.

Implikasi Kondisi Ekonomi dan                                           Implications of Economic and Industry
Industri terhadap Perseroan                                             Conditions on the Company
Dewan Komisaris menilai bahwa konfigurasi ekonomi dan industri           The Board of Commissioners views that the economic and industry
sepanjang 2025 memberikan tantangan sekaligus peluang bagi              landscape throughout 2025 presented both challenges and
Perseroan. Penguatan serapan domestik melalui kebijakan biodiesel       opportunities for the Company. Strengthened domestic absorption
memperbaiki keseimbangan permintaan dalam negeri dan ekspor,            through biodiesel policies improved the balance between domestic
namun juga menuntut industri untuk memastikan pasokan yang              demand and exports, while also requiring the industry to ensure
berkelanjutan dan efisien. Di sisi lain, volatilitas harga global,      sustainable and efficient supply. On the other hand, global price
perubahan biaya logistik, serta isu akses pasar tetap menjadi faktor    volatility, changes in logistics costs, and market access issues remain
yang harus diantisipasi melalui manajemen risiko dan fleksibilitas       factors that must be anticipated through effective risk management
komersial.                                                              and commercial flexibility.

Dalam konteks tersebut, Dewan Komisaris mendorong Direksi untuk         In this context, the Board of Commissioners encourages the Board
terus menajamkan fokus pada produktivitas kebun, penguatan              of Directors to further sharpen its focus on plantation productivity,
praktik agronomi, reliabilitas pabrik, serta pengendalian biaya yang    strengthening agronomic practices, ensuring mill reliability, and
disiplin. Dewan Komisaris juga menilai bahwa agenda keberlanjutan       maintaining disciplined cost control. The Board also emphasizes
perlu diintegrasikan lebih kuat ke dalam strategi, mengingat tuntutan   that sustainability must be more firmly integrated into the Company’s
rantai pasok global terhadap aspek keterlacakan, kepatuhan, dan         strategy, given the increasing global supply chain demands related
praktik ESG yang semakin meningkat.                                     to traceability, compliance, and ESG practices.

Dewan Komisaris senantiasa memberikan dukungan penuh terhadap           The Board of Commissioners consistently provides full support
setiap kebijakan Pemerintah yang berkaitan dengan keberlangsungan       for all Government policies related to the sustainability of the palm
industri kelapa sawit berkelanjutan. Dalam menjalankan fungsi           oil industry. In carrying out its supervisory function, the Board
pengawasan, Dewan Komisaris juga memberikan arahan kepada               also provides direction to the Board of Directors to continuously
Direksi agar senantiasa mematuhi serta mengimplementasikan              comply with and implement all regulatory developments set by the
setiap dinamika kebijakan yang ditetapkan oleh Pemerintah. Hal ini      Government. This reflects the Company’s commitment to regulatory
mencerminkan komitmen Perseroan untuk senantiasa taat regulasi          compliance and alignment with Government programs in promoting
serta sejalan dengan program Pemerintah dalam mengedepankan             sustainable business practices and good corporate governance.
praktik usaha yang berkelanjutan dan tata kelola perusahaan yang
baik.




                                                                                                       PT Sawit Sumbermas Sarana Tbk      43
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Selain itu, Dewan Komisaris menekankan pentingnya penerapan           Furthermore, the Board of Commissioners emphasizes the
prinsip keberlanjutan dalam setiap aspek operasional Perseroan.       importance of embedding sustainability principles across all aspects
Arahan yang diberikan kepada Direksi tidak hanya berfokus pada        of the Company’s operations. The guidance provided to the Board
kepatuhan terhadap regulasi, tetapi juga pada penguatan komitmen      of Directors is not only focused on regulatory compliance but also
terhadap praktik bisnis yang bertanggung jawab, transparan, dan       on strengthening commitments to responsible, transparent, and
berorientasi jangka panjang. Dengan demikian, Perseroan diharapkan    long-term-oriented business practices. Through these efforts, the
mampu memberikan kontribusi nyata bagi pengembangan industri          Company is expected to contribute meaningfully to the development
kelapa sawit nasional, menjaga keseimbangan lingkungan, serta         of the national palm oil industry, maintain environmental balance,
meningkatkan kesejahteraan masyarakat sekitar. Seluruh langkah        and improve the welfare of surrounding communities. These
ini sejalan dengan visi Pemerintah dalam mendorong tata kelola        initiatives are aligned with the Government’s vision to promote
perusahaan yang baik dan berkelanjutan, sekaligus memperkuat          good and sustainable corporate governance, while strengthening
posisi Perseroan sebagai pelaku usaha yang berintegritas dan          the Company’s position as a business entity with integrity and strong
berdaya saing tinggi.                                                 competitiveness.

Penilaian terhadap Kinerja Direksi                                    Assessment of the Board of
                                                                      Directors’ Performance
Dalam menilai kinerja Direksi, Dewan Komisaris menggunakan            In assessing the performance of the Board of Directors, the
beberapa tolok ukur utama, antara lain pencapaian target keuangan,    Board of Commissioners applies several key indicators, including
kualitas kinerja operasional, ketepatan pengelolaan risiko, serta     the achievement of financial targets, the quality of operational
kepatuhan dan tata kelola. Sepanjang 2025, Dewan Komisaris menilai    performance, the effectiveness of risk management, as well as
Direksi mampu menjaga kinerja Perseroan tetap bertumbuh, serta        compliance and governance practices. Throughout 2025, the Board
menunjukkan ketangkasan dalam mengelola perubahan kondisi             of Commissioners believes that the Board of Directors has been
pasar dan kebijakan industri.                                         able to sustain the Company’s growth while demonstrating agility
                                                                      in managing changing market conditions and industry policies.

Secara keuangan, kinerja keuangan Perseroan menunjukkan               From a financial perspective, the Company’s performance showed
perbaikan yang bermakna. Hingga Desember 2025, Perseroan              meaningful improvement. As of December 2025, the Company
dilaporkan membukukan laba bersih sekitar Rp1,39 triliun, meningkat   recorded a net profit of approximately IDR1.39 trillion, representing
sekitar 67,43% dibanding periode yang sama tahun sebelumnya,          an increase of around 67.43% compared to the same period in the
didukung pertumbuhan pendapatan yang meningkat signifikan.             previous year, supported by significant revenue growth. These
Capaian tersebut mencerminkan kombinasi antara perbaikan harga        achievements demonstrate a combination of improved average
jual rata-rata, pengelolaan biaya yang lebih efektif, dan eksekusi    selling prices, more effective cost management, and consistent
operasional yang konsisten.                                           operational execution.

Dari sisi operasional, Perseroan juga menjaga produktivitas bahan     From an operational standpoint, the Company maintained strong
baku. Pada tahun 2025, produksi Tandan Buah Segar (TBS) inti dan      raw material productivity. In 2025, production of Fresh Fruit Bunches
plasma tercatat sekitar 1.729 ribu metrik ton. Dewan Komisaris        (FFB) from nucleus and plasma estates reached approximately
menilai konsistensi performa lapangan ini merupakan fondasi penting   1,729 thousand metric tons. The Board of Commissioners considers
untuk menjaga efisiensi pabrik dan kualitas produksi, serta untuk      this consistency in field performance as a critical foundation for
memastikan Perseroan dapat memanfaatkan peluang pasar secara          maintaining mill efficiency and product quality, as well as ensuring
optimal.                                                              that the Company can optimally capture market opportunities.

Atas capaian tersebut, Dewan Komisaris menyampaikan apresiasi         In light of these achievements, the Board of Commissioners
kepada Direksi dan seluruh jajaran manajemen serta karyawan           expresses its appreciation to the Board of Directors, as well as
Perseroan atas dedikasi, ketekunan, dan fokus pada pencapaian         to all levels of management and employees, for their dedication,
target. Dewan Komisaris juga mengapresiasi langkah Direksi dalam      perseverance, and focus on achieving targets. The Board also
menjaga kehati-hatian finansial dan pengelolaan modal kerja di         commends the Board of Directors for maintaining financial prudence
tengah volatilitas pasar.                                             and effective working capital management amid market volatility.



Pengawasan terhadap Perumusan                                         Oversight of the Formulation and
Implementasi Strategi Perseroan                                       Implementation of the Company’s Strategy
Sebagai bagian dari peran pengawasan yang berkesinambungan,           As part of its continuous supervisory role, the Board of
Dewan Komisaris turut memberikan perhatian terhadap proses            Commissioners closely monitors the formulation and implementation
perumusan dan implementasi strategi Perseroan. Sepanjang 2025,        of the Company’s strategy. Throughout 2025, the Board actively
Dewan Komisaris menjalankan fungsi pengawasan dan pemberian           carried out its oversight and advisory functions to the Board of
nasihat kepada Direksi secara aktif melalui rapat-rapat berkala,      Directors through regular meetings, performance report monitoring,
pemantauan laporan kinerja, serta evaluasi atas implementasi          and evaluations of strategic policy implementation. The focus of
kebijakan strategis. Fokus pengawasan meliputi aspek kinerja          supervision includes financial performance, plantation and mill

 44     Laporan Tahunan 2025 Annual Report
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                                                                                                                    Laporan Manajemen
                                                                                                                    Management Report




keuangan, operasional kebun dan pabrik, tindak lanjut atas isu risiko,   operations, follow-up on risk issues, regulatory compliance, as well
kepatuhan terhadap regulasi, serta penguatan agenda keberlanjutan        as strengthening sustainability and governance agendas.
dan tata kelola.

Dalam mengawasi perumusan strategi, Dewan Komisaris                      In overseeing strategy formulation, the Board of Commissioners
memastikan bahwa rencana kerja dan kebijakan strategis yang              ensures that the work plans and strategic policies developed by
disusun Direksi selaras dengan arah jangka panjang Perseroan             the Board of Directors are aligned with the Company’s long-term
dan mempertimbangkan dinamika industri kelapa sawit yang                 direction and take into account the dynamics of the palm oil industry,
dipengaruhi oleh kebijakan energi, permintaan pasar global, serta        which are influenced by energy policies, global market demand,
isu keberlanjutan. Dewan Komisaris memberikan masukan agar               and sustainability issues. The Board provides input to ensure that
Direksi menempatkan produktivitas dan efisiensi sebagai prioritas,        productivity and efficiency remain key priorities, while balancing
serta menyeimbangkan strategi pertumbuhan dengan kesiapan                growth strategies with resource readiness, financing capacity,
sumber daya, pembiayaan, dan mitigasi risiko.                            and risk mitigation.

Dewan Komisaris juga telah melakukan pemantauan implementasi             The Board of Commissioners also monitored the implementation
strategi dengan mengacu pada Rencana Kerja dan Anggaran                  of the strategy with reference to the Company’s Work Plan and
Perusahaan (RKAP) sebagai pedoman utama. Melalui mekanisme               Budget (RKAP) as the primary guideline. Through regular meetings
rapat dan laporan berkala, Dewan Komisaris menilai realisasi             and reporting mechanisms, the Board assessed the realization
program-program strategis, mengidentifikasi deviasi kinerja,             of strategic programs, identified performance deviations, and
serta meminta Direksi menyampaikan rencana korektif dan jadwal           requested the Board of Directors to present corrective action
penyelesaiannya bila diperlukan. Dewan Komisaris juga menekankan         plans along with implementation timelines when necessary. The
pentingnya penguatan sistem pelaporan internal agar pengambilan          Board also emphasized the importance of strengthening internal
keputusan dapat didukung data yang tepat waktu dan dapat                 reporting systems to ensure that decision-making is supported by
diandalkan.                                                              timely and reliable data.

Pandangan atas Prospek Usaha                                             View on Business Prospects Prepared
yang Disusun Direksi                                                     by the Board of Directors
Dewan Komisaris telah menelaah prospek usaha yang disusun Direksi        The Board of Commissioners has reviewed the business prospects
untuk tahun 2026, berikut asumsi utama yang digunakan. Asumsi            prepared by the Board of Directors for 2026, along with the key
utama yang dipantau Dewan Komisaris dalam prospek usaha antara           underlying assumptions. The key assumptions monitored by
lain: (i) stabilitas permintaan domestik untuk bahan baku biodiesel      the Board include: (i) stability of domestic demand for biodiesel
sejalan dengan implementasi mandatori B40; (ii) pergerakan               feedstock in line with the implementation of the B40 mandate; (ii)
harga CPO yang dipengaruhi keseimbangan pasokan-permintaan               CPO price movements influenced by the supply-demand balance
minyak nabati dan kondisi cuaca; (iii) ketersediaan tenaga kerja         of vegetable oils and weather conditions; (iii) labor availability and
dan efektivitas pemeliharaan kebun; (iv) reliabilitas aset pabrik dan    effectiveness of plantation maintenance; (iv) reliability of mill assets
efisiensi biaya energi; serta (v) kepatuhan dan tuntutan pasar atas       and energy cost efficiency; and (v) compliance with and market
aspek keberlanjutan dan keterlacakan.                                    demands related to sustainability and traceability.

Dalam pandangan Dewan Komisaris, prospek Perseroan pada                  In the view of the Board of Commissioners, the Company’s prospects
2026 tetap terbuka dengan mempertimbangkan kebutuhan                     in 2026 remain promising, supported by global demand for vegetable
global terhadap minyak nabati, kekuatan permintaan domestik,             oils, strong domestic demand, and the continuation of palm oil-based
dan kebijakan energi berbasis sawit yang berlanjut. Permintaan           energy policies. Global demand for vegetable oils is projected to
global terhadap minyak nabati diproyeksikan tetap tumbuh seiring         continue growing in line with population growth, food demand, and
peningkatan populasi, kebutuhan pangan, serta transisi energi            the transition toward biofuel-based energy in various countries.
berbasis biofuel di berbagai negara. Namun demikian, pertumbuhan         However, this growth is expected to be accompanied by increased
tersebut akan berjalan beriringan dengan peningkatan pasokan dari        supply from major producers, resulting in a more stable price
produsen utama, sehingga struktur harga diperkirakan lebih stabil        structure, albeit with volatility that must still be anticipated.
dengan volatilitas yang tetap perlu diantisipasi.

Di tingkat domestik, keberlanjutan program mandatori biodiesel           At the domestic level, the continuation of the mandatory biodiesel
menjadi faktor fundamental yang memperkuat ketahanan industri            program remains a fundamental factor strengthening the resilience
sawit nasional. Peningkatan alokasi biodiesel serta komitmen             of Indonesia’s palm oil industry. Increased biodiesel allocation and
pemerintah dalam menjaga stabilitas pasokan energi berbasis              the Government’s commitment to maintaining stability in CPO-
CPO memberikan dukungan terhadap permintaan dalam negeri.                based energy supply provide strong support for domestic demand.
Dalam pandangan Dewan Komisaris, kebijakan ini berperan strategis        In the Board’s view, this policy plays a strategic role as a balancing
sebagai penyeimbang ketika pasar ekspor menghadapi tekanan               mechanism when export markets face global price pressures. As
harga global. Dengan demikian, struktur permintaan industri sawit        a result, the demand structure of Indonesia’s palm oil industry
Indonesia menjadi lebih resilien dibandingkan periode sebelumnya         becomes more resilient compared to previous periods that were
yang sangat bergantung pada pasar ekspor.                                heavily dependent on export markets.

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Meskipun peluang tetap terbuka, Dewan Komisaris juga mencermati        Despite the opportunities, the Board of Commissioners also observes
sejumlah risiko yang berpotensi memengaruhi prospek usaha              several risks that may affect the Company’s business prospects in
Perseroan pada 2026, antara lain fluktuasi harga komoditas global,      2026, including fluctuations in global commodity prices, exchange
dinamika nilai tukar, peningkatan biaya input seperti pupuk dan        rate dynamics, rising input costs such as fertilizers and labor, as well
tenaga kerja, serta perkembangan regulasi keberlanjutan di pasar       as evolving sustainability regulations in key markets. Increasing
utama. Tekanan regulasi internasional terkait aspek lingkungan         international regulatory pressure related to environmental aspects
dan ketertelusuran rantai pasok akan semakin menguat, sehingga         and supply chain traceability will require companies to enhance
perusahaan dituntut untuk meningkatkan standar tata kelola dan         governance standards and operational transparency. In this context,
transparansi operasional. Dalam konteks ini, daya saing tidak hanya    competitiveness is determined not only by productivity but also by
ditentukan oleh produktivitas, tetapi juga oleh kredibilitas praktik   the credibility of sustainability practices.
keberlanjutan.

Secara keseluruhan, Dewan Komisaris menilai bahwa industri kelapa      Overall, the Board of Commissioners believes that the palm oil and
sawit dan minyak nabati pada tahun 2026 akan berada dalam fase         vegetable oil industry in 2026 will enter a phase of more selective,
pertumbuhan yang lebih selektif dan berbasis efisiensi. Perusahaan      efficiency-driven growth. Companies that are able to maintain
yang mampu menjaga produktivitas kebun, meningkatkan efisiensi          plantation productivity, enhance operational efficiency, and
operasional, serta memperkuat integrasi hilir dan komitmen             strengthen downstream integration and sustainability commitments
keberlanjutan akan memiliki posisi yang lebih kuat dalam menghadapi    will be better positioned to navigate price cycles. With strong
siklus harga. Dengan fundamental yang terjaga dan strategi yang        fundamentals and disciplined strategy, the Board is confident that
disiplin, Dewan Komisaris meyakini bahwa Perseroan tetap memiliki      the Company will continue to have solid long-term prospects as an
prospek jangka panjang yang solid sebagai bagian penting dari          integral part of national food and energy security.
ketahanan pangan dan energi nasional.

Pandangan atas Penerapan Tata                                          View on the Implementation of
Kelola, WBS, dan Manajemen Risiko                                      Governance, Whistleblowing System
                                                                       (WBS), and Risk Management
Dewan Komisaris menilai bahwa penerapan tata kelola perusahaan         The Board of Commissioners considers that the implementation
sepanjang 2025 berjalan pada arah yang baik. Dewan Komisaris           of corporate governance throughout 2025 has progressed in a
memandang bahwa konsistensi transparansi pelaporan, kepatuhan          positive direction. The Board believes that consistent transparency
regulasi, serta akuntabilitas pengambilan keputusan merupakan          in reporting, regulatory compliance, and accountability in decision-
fondasi utama untuk menjaga kepercayaan pemegang saham dan             making are fundamental to maintaining shareholder trust and the
akses Perseroan terhadap pembiayaan serta pasar.                       Company’s access to financing and markets.

Dalam aspek Whistleblowing System (WBS), Dewan Komisaris               In terms of the Whistleblowing System (WBS), the Board of
menekankan pentingnya efektivitas mekanisme pelaporan                  Commissioners emphasizes the importance of an effective reporting
pelanggaran sebagai instrumen pencegahan. Penguatan WBS                mechanism as a preventive tool. Strengthening the WBS is carried
dilakukan melalui sosialisasi berkelanjutan, perlindungan pelapor,     out through continuous socialization, protection for whistleblowers,
dan pengelolaan tindak lanjut yang transparan dan terukur. Dewan       and transparent and measurable follow-up management. The Board
Komisaris mendorong Direksi untuk memastikan bahwa setiap              encourages the Board of Directors to ensure that every report
laporan yang masuk ditangani secara independen, serta temuan-          received is handled independently, and that relevant findings are
temuan yang relevan digunakan sebagai dasar perbaikan proses           used as a basis for process improvements and strengthening a
dan penguatan budaya integritas.                                       culture of integrity.




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Terkait manajemen risiko, Dewan Komisaris menilai Direksi telah            Regarding risk management, the Board of Commissioners assesses
melakukan identifikasi dan pengelolaan risiko utama, termasuk risiko        that the Board of Directors has identified and managed key risks,
pasar (harga komoditas), risiko operasional (produktivitas kebun           including market risks (commodity prices), operational risks
dan reliabilitas pabrik), risiko kepatuhan, serta risiko keberlanjutan.    (plantation productivity and mill reliability), compliance risks, and
Ke depan, Dewan Komisaris mendorong peningkatan kedalaman                  sustainability risks. Going forward, the Board encourages deeper
mitigasi melalui pemantauan indikator risiko yang lebih proaktif,          mitigation efforts through more proactive risk indicator monitoring,
penajaman kontrol internal, serta integrasi penilaian risiko ke dalam      strengthening internal controls, and integrating risk assessments
keputusan investasi dan pengelolaan aset.                                  into investment decisions and asset management.

Perubahan Komposisi Dewan Komisaris                                        Changes in the Composition of the Board of
                                                                           Commissioners
Pada tahun 2025, tidak ada perubahan dalam komposisi Dewan                 In 2025, there were no changes in the composition of the Board
Komisaris. Anggota yang ada terus memberikan kepemimpinan,                 of Commissioners. The existing members continued to provide
pengawasan strategis, dan bimbingan kepada perusahaan. Dewan               leadership, strategic oversight, and guidance to the Company. The
Komisaris tetap berdedikasi untuk menegakkan prinsip- prinsip              Board remains committed to upholding governance principles
tata kelola dan memastikan bahwa Perseroan beroperasi dengan               and ensuring that the Company operates with transparency and
transparansi dan akuntabilitas.                                            accountability.

Susunan Dewan Komisaris untuk tahun 2025 adalah sebagai berikut:           The composition of the Board of Commissioners for 2025 is as
                                                                           follows:
•   Komisaris Utama      : Prof. Dr. Ir. Bungaran Saragih                  • President Commissioner        : Prof. Dr. Ir. Bungaran Saragih
•   Komisaris Independen : Hoesen                                          • Independent Commissioner : Hoesen
•   Komisaris            : Ir. Rimbun Situmorang                           • Commissioner                  : Ir. Rimbun Situmorang



Penutup dan Apresiasi                                                      Closing and Appreciation
Dewan Komisaris memandang tahun 2025 sebagai periode yang                  The Board of Commissioners views 2025 as a period that underscores
mempertegas pentingnya disiplin operasional, ketahanan finansial,           the importance of operational discipline, financial resilience,
dan tata kelola yang kuat. Dengan tetap mengedepankan prinsip              and strong governance. By upholding prudence and continuous
kehati-hatian serta peningkatan berkelanjutan, Dewan Komisaris             improvement, the Board remains optimistic that the Company has
optimistis Perseroan memiliki fondasi yang memadai untuk menjaga           a solid foundation to sustain healthy and sustainable growth.
pertumbuhan yang sehat dan berkelanjutan.

Dewan Komisaris menyampaikan terima kasih kepada Pemegang                  The Board of Commissioners expresses its gratitude to the
Saham atas kepercayaan yang diberikan, kepada Direksi beserta              Shareholders for their trust, to the Board of Directors and all
seluruh insan Perseroan atas kerja keras dan dedikasinya, serta            Company personnel for their hard work and dedication, and to all
kepada para pemangku kepentingan atas dukungan dan kolaborasi              stakeholders for their continued support and collaboration. May
yang terjalin baik. Semoga sinergi ini terus terjaga dan ditingkatkan      this synergy be sustained and further strengthened to enhance the
untuk memperkuat kinerja Perseroan di masa mendatang.                      Company’s performance in the future.




                                                        Atas Nama Dewan Komisaris,
                                                   On Behalf of the Board of Commissioners,




                                                          Prof. Dr. Ir. Bungaran Saragih
                                                                 Komisaris Utama
                                                            President Commissioner




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Laporan Direksi
Board of Directors’ Report




     JAP HARTONO
         Direktur Utama
       President Director




48   Laporan Tahunan 2025 Annual Report
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                                                                                                    Management Report




Pemegang Saham dan Pemangku Kepentingan yang Terhormat,
Dear Our Value Shareholders and Stakeholders,


Puji dan syukur kami panjatkan ke hadirat Tuhan Yang             We express our gratitude to Almighty God for His abundant
Maha Esa atas limpahan rahmat dan karunia-Nya, sehingga          blessings and grace, which have enabled PT Sawit Sumbermas
PT Sawit Sumbermas Sarana Tbk dapat melalui tahun 2025           Sarana Tbk to navigate through 2025 with solid performance,
dengan kinerja yang solid meskipun industri kelapa sawit         despite the challenging dynamics faced by the global palm oil
global menghadapi dinamika yang penuh tantangan. Di tengah       industry. Amid commodity price volatility and global economic
volatilitas harga komoditas serta tekanan ekonomi dunia,         pressures, the Company has been able to sustain performance
Perseroan tetap mampu menjaga pertumbuhan kinerja melalui        growth through operational discipline, consistent cost control,
disiplin operasional, pengendalian biaya yang konsisten, serta   and enhanced productivity across all business lines.
peningkatan produktivitas di seluruh lini usaha.

Sepanjang tahun 2025, Perseroan terus memperkuat budaya          Throughout 2025, the Company continued to strengthen its
perusahaan yang berlandaskan prinsip highly productive,          corporate culture based on the principles of highly productive,
highly efficient, zero fraud, dan zero accident sebagai fondasi    highly efficient, zero fraud, and zero accident as the foundation
dalam menjalankan kegiatan operasional. Pada saat yang           for its operational activities. At the same time, the Company
sama, Perseroan juga menjalankan strategi pertumbuhan yang       implemented a measured growth strategy through business
terukur melalui ekspansi usaha dan akuisisi aset perkebunan      expansion and the acquisition of strategic plantation assets to
strategis guna meningkatkan kapasitas produksi serta             enhance production capacity and support long-term growth.
mendukung pertumbuhan jangka panjang.

Didukung oleh fondasi operasional yang semakin kokoh serta       Supported by increasingly robust operational fundamentals
dukungan kebijakan pemerintah dalam pengembangan energi          and government policies promoting renewable energy
terbarukan melalui program biodiesel nasional, Perseroan         development through the national biodiesel program, the
meyakini bahwa prospek industri kelapa sawit akan tetap          Company believes that the palm oil industry will remain on
berada pada jalur pertumbuhan yang positif. Dengan               a positive growth trajectory. With strengthened operations,
penguatan operasional, disiplin pengelolaan biaya, serta         disciplined cost management, and a selective expansion
strategi ekspansi yang selektif, Perseroan optimistis dapat      strategy, the Company remains confident in its ability to
terus menciptakan nilai tambah yang berkelanjutan bagi           continuously create sustainable value for shareholders and
pemegang saham dan seluruh pemangku kepentingan.                 all stakeholders.




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Tinjauan Ekonomi dan Industri                                           Economic and Industry Overview
Tahun 2025 ditandai oleh pertumbuhan ekonomi global yang tetap          The year 2025 was characterized by continued global economic
berlangsung namun berada pada jalur moderat. International              growth, albeit at a moderate pace. The International Monetary
Monetary Fund (IMF) mempublikasikan ekonomi dunia tumbuh sekitar        Fund (IMF) reported that the global economy grew by approximately
3,2% pada tahun 2025, seiring penyesuaian kebijakan moneter,            3.2% in 2025, reflecting adjustments in monetary policies, trade
fragmentasi perdagangan, serta meningkatnya proteksionisme              fragmentation, and rising protectionism in several countries. In
di sejumlah negara. Dalam konteks ini, perekonomian global tidak        this context, the global economy did not experience contraction
mengalami kontraksi, namun berada pada fase pertumbuhan yang            but remained in a relatively stable growth phase, with uncertainty
relatif stabil dengan tingkat ketidakpastian yang masih dipengaruhi     still influenced by geopolitical dynamics and inflation.
oleh dinamika geopolitik dan inflasi.

Tekanan inflasi global yang mulai mereda memberikan ruang bagi           Easing global inflationary pressures provided room for several central
beberapa bank sentral untuk melonggarkan kebijakan moneter,             banks to adopt more accommodative monetary policies, although
meskipun tingkat suku bunga riil masih relatif tinggi. IMF mencatat     real interest rates remained relatively high. The IMF recorded that
inflasi global turun menjadi sekitar 4,3% pada 2025, mendekati           global inflation declined to around 4.3% in 2025, approaching central
target bank sentral di berbagai negara maju.                            bank targets in many advanced economies.

Permintaan minyak nabati global lebih tinggi dari supply sehingga       Global demand for edible oils exceeded supply, generating a positive
memberikan dampak positif terhadap perdagangan internasional,           impact on international trade, particularly in the edible oil market.
khususnya pada permintaan minyak nabati.

Di tengah dinamika global, ekonomi Indonesia menunjukkan                Amid global dynamics, Indonesia’s economy demonstrated strong
ketahanan yang cukup meyakinkan. Badan Pusat Statistik (BPS)            resilience. Badan Pusat Statistik (BPS) reported that Indonesia’s
mencatat ekonomi Indonesia tumbuh 5,11% pada tahun 2025,                economy grew by 5.11% in 2025, up from 5.03% in 2024, marking
meningkat dari 5,03% pada 2024 dan menjadi yang tertinggi dalam         the highest growth in the past three years. This growth was driven
tiga tahun terakhir. Pertumbuhan ini didorong oleh konsumsi rumah       by household consumption, investment, and the performance of
tangga, investasi, serta kinerja sektor produksi utama.                 key production sectors.

Stabilitas ekonomi domestik juga tercermin dari pertumbuhan             Domestic economic stability was also reflected in consistent
triwulanan yang konsisten di atas 5%, dengan pertumbuhan ekonomi        quarterly growth above 5%, with economic growth in the second
triwulan II 2025 mencapai sekitar 5,12% yoy. Kondisi ini menjadi        quarter of 2025 reaching approximately 5.12% year-on-year. This
fondasi penting bagi sektor agribisnis, termasuk industri kelapa        condition serves as an important foundation for the agribusiness
sawit, karena memastikan permintaan domestik tetap terjaga.             sector, including the palm oil industry, by ensuring stable domestic
                                                                        demand.

Bank Dunia memproyeksikan ekonomi Indonesia akan tetap tumbuh           The World Bank projects that Indonesia’s economy will continue to
di kisaran 5% pada periode 2025–2026, menunjukkan stabilitas            grow at around 5% during the 2025–2026 period, indicating relatively
jangka menengah yang relatif kuat dibandingkan banyak negara            strong medium-term stability compared to many other developing
berkembang lainnya. Kebijakan moneter yang lebih akomodatif             countries. More accommodative monetary policy also supports
juga mendukung pertumbuhan ekonomi, dengan Bank Indonesia               economic growth, with Bank Indonesia lowering interest rates to
menurunkan suku bunga untuk menjaga momentum ekonomi serta              maintain economic momentum as well as inflation and exchange
stabilitas inflasi dan nilai tukar.                                      rate stability.

Meskipun demikian, volatilitas nilai tukar dan harga komoditas global   Nevertheless, exchange rate volatility and global commodity price
tetap menjadi faktor risiko yang perlu diantisipasi. Fluktuasi kurs     fluctuations remain key risks that need to be anticipated. Currency
dapat meningkatkan pendapatan ekspor dalam rupiah, namun juga           fluctuations may increase export revenues in rupiah terms but
berpotensi menaikkan biaya input impor. Oleh karena itu, disiplin       could also raise the cost of imported inputs. Therefore, disciplined
pengelolaan dan disiplin keuangan menjadi faktor penting dalam          management and financial prudence remain critical factors in
menjaga stabilitas kinerja perusahaan.                                  maintaining stable corporate performance.

Secara keseluruhan, tahun 2025 menegaskan bahwa Indonesia               Overall, 2025 reaffirmed Indonesia’s relatively resilient position amid
berada pada posisi yang relatif tangguh di tengah pertumbuhan           moderate global economic growth. Strong domestic fundamentals
ekonomi global yang moderat. Ketahanan domestik menjadi faktor          remain a key factor supporting the performance of the commodity
penting yang menopang kinerja sektor komoditas, termasuk industri       sector, including the palm oil industry.
kelapa sawit.




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Tinjauan Industri Kelapa Sawit                                        Palm Oil Industry Overview
Industri kelapa sawit pada tahun 2025 menunjukkan kondisi yang        The palm oil industry in 2025 demonstrated relatively stable
relatif stabil di tengah dinamika ekonomi global dan fluktuasi harga   conditions amid global economic dynamics and commodity price
komoditas. Indonesia tetap mempertahankan posisinya sebagai           fluctuations. Indonesia maintained its position as the world’s largest
produsen minyak sawit terbesar di dunia, dengan peran yang semakin    palm oil producer, with an increasingly strategic role in meeting
strategis dalam memenuhi kebutuhan minyak nabati global, baik         global edible oil demand for both food and renewable energy sectors.
untuk sektor pangan maupun energi terbarukan.

Permintaan minyak nabati dunia terus meningkat seiring                Global demand for edible oils continued to increase in line with
pertumbuhan populasi, perkembangan industri pangan, serta             population growth, the expansion of the food industry, and rising
meningkatnya kebutuhan energi alternatif. Dalam konteks tersebut,     demand for alternative energy. In this context, palm oil holds a
minyak sawit memiliki keunggulan kompetitif dibandingkan minyak       competitive advantage over other edible oils due to its higher yield
nabati lainnya karena tingkat produktivitas perunit luas lahan yang   per unit of land area and greater cost efficiency in production.
lebih tinggi serta efisiensi biaya produksi yang lebih baik.

Di sisi lain, keseimbangan antara pasokan dan permintaan minyak       On the supply side, the balance between global edible oil supply and
nabati global relatif terjaga. Pertumbuhan produksi minyak            demand remained relatively stable. Production growth across major
nabati berlangsung secara moderat di berbagai negara produsen,        producing countries was moderate, while global demand increased
sementara permintaan global naik pesat. Kondisi ini menciptakan       significantly. This condition created relative stability in the edible
stabilitas relatif pada pasar minyak nabati meskipun volatilitas      oil market, although price volatility persisted due to global trade
harga masih terjadi akibat dinamika perdagangan global, kebijakan     dynamics, energy policies, and weather factors.
energi, dan faktor cuaca.

Salah satu faktor struktural yang memperkuat industri kelapa          One of the structural factors strengthening Indonesia’s palm oil
sawit Indonesia adalah keberlanjutan program mandatori biodiesel      industry is the continuation of the national biodiesel mandate
nasional. Kebijakan ini meningkatkan serapan CPO di pasar domestik    program. This policy increases domestic CPO absorption, creating
sehingga menciptakan permintaan yang lebih stabil serta mengurangi    more stable demand and reducing dependence on export markets.
ketergantungan terhadap pasar ekspor. Program biodiesel juga          The biodiesel program also serves as a key government instrument
menjadi instrumen penting pemerintah dalam mendukung transisi         in supporting the energy transition while strengthening the national
energi sekaligus memperkuat industri minyak nabati nasional.          edible oil industry.

Kebijakan biodiesel juga diterapkan di berbagai negara dengan         Biodiesel policies are also implemented in various countries with
pendekatan berbeda. Di Amerika Serikat, program energi terbarukan     different approaches. In the United States, renewable energy
mendorong penggunaan soybean oil sebagai bahan baku biodiesel,        programs encourage the use of soybean oil as a biodiesel feedstock,
sementara di Eropa kebijakan serupa mendorong pemanfaatan             while in Europe, similar policies promote the use of rapeseed oil and
rapeseed oil dan sunflower oil. Hal ini menunjukkan bahwa kebijakan    sunflower oil. This demonstrates that biodiesel policies generally
biodiesel secara umum menjadi strategi pemerintah untuk               serve as a strategic tool for governments to support their respective
mendukung industri minyak nabati domestik masing-masing negara.       domestic edible oil industries.

Di tengah peluang tersebut, industri kelapa sawit juga menghadapi     Amid these opportunities, the palm oil industry also faces various
berbagai tantangan, termasuk peningkatan biaya produksi, dinamika     challenges, including rising production costs, logistics dynamics,
logistik, serta tuntutan terhadap praktik keberlanjutan dan           and increasing demands for sustainability practices and supply
ketertelusuran rantai pasok. Regulasi lingkungan yang semakin ketat   chain traceability. Stricter environmental regulations in key markets
di pasar utama menuntut perusahaan untuk memperkuat praktik           require companies to strengthen sustainability management
pengelolaan keberlanjutan dan transparansi dalam rantai pasok.        practices and enhance transparency across the supply chain.

Oleh karena itu, keberhasilan perusahaan kelapa sawit tidak hanya     Therefore, the success of palm oil companies is not solely determined
ditentukan oleh pergerakan harga komoditas, tetapi juga oleh          by commodity price movements but also by their ability to maintain
kemampuan dalam menjaga produktivitas kebun, meningkatkan             plantation productivity, improve operational efficiency, and ensure
efisiensi operasional, serta memastikan kepatuhan terhadap standar     compliance with global sustainability standards.
keberlanjutan global.




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Dengan fundamental industri yang tetap kuat serta dukungan               With strong industry fundamentals and continued support from
kebijakan energi terbarukan di tingkat nasional, industri kelapa sawit   national renewable energy policies, Indonesia’s palm oil industry is
Indonesia diperkirakan akan terus memainkan peran penting dalam          expected to continue playing a vital role in meeting global edible oil
memenuhi kebutuhan minyak nabati global sekaligus mendukung              demand while supporting national energy security and economic
ketahanan energi dan pembangunan ekonomi nasional.                       development.

Strategi dan Kebijakan Strategis                                         Company Strategy and Strategic
Perseroan Tahun 2025                                                     Policies in 2025
Sepanjang tahun 2025, Perseroan menjalankan strategi bisnis yang         Throughout 2025, the Company implemented a business strategy
berfokus pada penguatan keunggulan operasional (operational              focused on strengthening operational excellence and cost control
excellence) serta pengendalian biaya sebagai fondasi utama dalam         as the primary foundation for sustaining long-term growth. The
menjaga pertumbuhan berkelanjutan. Perseroan menyadari bahwa             Company recognizes that in the palm oil industry, commodity prices
dalam industri kelapa sawit, faktor harga komoditas dan kondisi          and weather conditions are external variables beyond its control.
cuaca merupakan variabel eksternal yang berada di luar kendali           Therefore, improving plantation productivity, enhancing operational
perusahaan. Oleh karena itu, peningkatan produktivitas kebun,            efficiency, and maintaining disciplined cost management remain
efisiensi operasional, serta disiplin pengelolaan biaya menjadi           key strategic priorities.
prioritas utama dalam strategi pengelolaan usaha.

Untuk memastikan implementasi strategi berjalan efektif, Perseroan       To ensure effective strategy implementation, the Company placed
menempatkan sebagian besar manajemen senior, termasuk Direksi            most of its senior management, including the Board of Directors
dan manajemen operasional, di Pangkalan Bun sebagai pusat                and operational management, in Pangkalan Bun as the center of
kegiatan operasional Perseroan. Kedekatan manajemen dengan               operational activities. This proximity to field operations enables
aktivitas operasional di lapangan memungkinkan pengawasan                more effective internal supervision, faster decision-making, and
internal yang lebih efektif, pengambilan keputusan yang lebih            more responsive handling of operational challenges.
cepat, serta respons yang lebih tepat terhadap berbagai tantangan
operasional.

Perseroan juga terus memperkuat budaya perusahaan sebagai                The Company also continues to strengthen its corporate culture as
landasan operasional melalui penerapan nilai highly productive,          an operational foundation through the implementation of the values
highly efficient, zero fraud, dan zero accident. Prinsip ini bertujuan     of highly productive, highly efficient, zero fraud, and zero accident.
meningkatkan produktivitas dan efisiensi kerja sekaligus                 These principles aim to enhance productivity and efficiency while
membangun organisasi yang berintegritas serta menjunjung tinggi          fostering an organization built on integrity and a strong commitment
keselamatan kerja.                                                       to workplace safety.

Dalam mendukung pertumbuhan usaha, Perseroan menjalankan                 In supporting business growth, the Company implemented a
strategi ekspansi yang terukur melalui pertumbuhan anorganik             measured expansion strategy through inorganic growth. In 2025,
(inorganic growth). Pada tahun 2025, Perseroan menyelesaikan             the Company completed the acquisition of PT Sawit Mandiri Lestari
akuisisi PT Sawit Mandiri Lestari (SML) yang memiliki potensi            (SML), which has high productivity potential and a relatively young
produktivitas tinggi dan profil umur tanaman yang relatif muda.           plantation profile. This acquisition expands the Company’s plantation
Akuisisi ini memperluas basis aset perkebunan Perseroan,                 asset base, increases production capacity, and strengthens its
meningkatkan kapasitas produksi, serta memperkuat fondasi                long-term growth foundation.
pertumbuhan jangka panjang.

Selain ekspansi horizontal melalui akuisisi aset perkebunan,             In addition to horizontal expansion through plantation asset
Perseroan juga memperkuat integrasi bisnis dari hulu hingga              acquisitions, the Company also strengthened its upstream-to-
hilir guna meningkatkan efisiensi operasional dan nilai tambah            downstream business integration to enhance operational efficiency
produk. Integrasi ini mencakup peningkatan produktivitas kebun,          and product value creation. This integration includes improving
optimalisasi kinerja pabrik pengolahan, serta pengembangan produk        plantation productivity, optimizing mill performance, and developing
turunan minyak sawit.                                                    downstream palm oil derivative products.

Di sisi lain, Perseroan juga terus memperkuat tata kelola                On the other hand, the Company continues to strengthen corporate
perusahaan dengan mengintegrasikan prinsip Environmental,                governance by integrating Environmental, Social, and Governance
Social, and Governance (ESG) ke dalam strategi bisnis. Penguatan         (ESG) principles into its business strategy. Strengthening
fungsi keberlanjutan di tingkat manajemen memastikan bahwa               sustainability functions at the management level ensures that
pertumbuhan usaha berjalan selaras dengan aspek lingkungan,              business growth aligns with environmental, social, and governance
sosial, dan tata kelola yang baik.                                       aspects.




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Melalui kombinasi penguatan operasional, disiplin pengendalian         Through a combination of operational strengthening, disciplined cost
biaya, ekspansi usaha yang selektif, serta penguatan tata kelola       control, selective business expansion, and enhanced sustainability
keberlanjutan, Perseroan terus memperkuat fondasi pertumbuhan          governance, the Company continues to reinforce its long-term
jangka panjang dan meningkatkan daya saing di industri kelapa sawit.   growth foundation and improve its competitiveness in the palm
                                                                       oil industry.

Selain itu, Perseroan senantiasa menjaga hubungan yang harmonis        In addition, the Company maintains harmonious relationships with
dengan anak perusahaan, termasuk PT Citra Borneo Utama Tbk,            its subsidiaries, including PT Citra Borneo Utama Tbk, by ensuring
dengan memastikan kepatuhan terhadap regulasi dan peraturan            compliance with applicable laws and regulations.
perundang-undangan yang berlaku.

Peranan Direksi dalam Perumusan                                        The Role of the Board of Directors in
dan Implementasi Strategi                                              Strategy Formulation and Implementation
Direksi memiliki peran sentral dalam merumuskan dan                    The Board of Directors plays a central role in formulating and
mengimplementasikan strategi Perseroan dengan memastikan               implementing the Company’s strategy by ensuring that every decision
setiap keputusan selaras dengan visi jangka panjang, tujuan            aligns with the long-term vision, sustainable growth objectives,
pertumbuhan berkelanjutan, serta kepentingan pemegang saham            and the interests of shareholders and other stakeholders. In the
dan pemangku kepentingan lainnya. Dalam proses perumusan               strategy formulation process, the Board conducts comprehensive
strategi, Direksi melakukan kajian terhadap kondisi makroekonomi,      assessments of macroeconomic conditions, palm oil industry
dinamika industri kelapa sawit, risiko usaha, serta peluang            dynamics, business risks, and available growth opportunities, as well
pertumbuhan yang tersedia, evaluasi kinerja internal Perseroan,        as evaluations of the Company’s internal performance. All decisions
semua Keputusan dilakukan secara dan transparan, ini merupakan         are made objectively and transparently, reflecting the Company’s
culture dalam dalam menyusun kebijakan strategis.                      culture in developing strategic policies.

Direksi menerapkan pendekatan berbasis data dan risiko (risk-          The Board applies a data-driven and risk-based approach (risk-
based decision making), dengan melibatkan unit kerja terkait serta     based decision making), involving relevant business units while
mempertimbangkan transparansi dan rekomendasi dari organ di            considering transparency and recommendations from supporting
bawah Direksi. Proses ini mencakup penetapan prioritas strategis,      organs under the Board. This process includes setting strategic
alokasi sumber daya, serta penyusunan indikator kinerja utama (Key     priorities, allocating resources, and establishing Key Performance
Performance Indicators/KPI) untuk memastikan setiap inisiatif          Indicators (KPIs) to ensure that each strategic initiative can be
strategis dapat diukur secara objektif, transparan, dan secara         measured objectively, transparently, and collaboratively.
kolaboratif.

Direksi juga melakukan pengawasan secara berkelanjutan melalui         The Board also performs continuous oversight through regular
mekanisme monitoring dan evaluasi berkala terhadap pencapaian          monitoring and evaluation of operational and financial performance
target operasional dan keuangan. Rapat koordinasi rutin dengan         targets. Routine coordination meetings with management are
manajemen dilakukan untuk meninjau perkembangan implementasi           conducted to review the progress of strategy implementation,
strategi, mengidentifikasi hambatan, serta menetapkan langkah           identify challenges, and determine necessary corrective actions.
perbaikan yang diperlukan.

Melalui komunikasi internal yang kuat dan koordinasi lintas fungsi     Through strong internal communication and effective cross-
yang efektif, Direksi memastikan setiap unit kerja memahami peran      functional coordination, the Board ensures that each business unit
dan kontribusinya dalam mencapai sasaran Perseroan. Dengan             understands its role and contribution in achieving the Company’s
kepemimpinan yang responsif terhadap dinamika lingkungan               objectives. With leadership that is responsive to business
usaha, Direksi berkomitmen menjaga konsistensi pelaksanaan             environment dynamics, the Board is committed to maintaining
strategi serta memastikan Perseroan tetap mempertahankan dan           consistency in strategy execution and ensuring that the Company
mengokohkan status 100% RSPO dan berada pada jalur pertumbuhan         continues to uphold and strengthen its status as a 100% certified
yang berkelanjutan dan berdaya saing tinggi.                           member of the Roundtable on Sustainable Palm Oil (RSPO), while
                                                                       remaining on a path of sustainable and competitive growth.




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Analisis Kinerja Perusahaan                                             Company Performance Analysis
Tahun 2025 menjadi periode yang sangat positif bagi PT Sawit            The year 2025 marked a highly positive period for PT Sawit
Sumbermas Sarana Tbk, ditandai dengan pencapaian kinerja yang           Sumbermas Sarana Tbk, characterized by solid performance
solid dan baik dari sisi operasional maupun keuangan. Keberhasilan      achievements both operationally and financially. This success
ini mencerminkan efektivitas strategi Perseroan dalam menjaga           reflects the effectiveness of the Company’s strategy in maintaining
disiplin operasional meningkatkan efisiensi serta memperkuat daya        operational discipline, improving efficiency, and strengthening
saing di tengah dinamika industri kelapa sawit global.                  competitiveness amid the dynamics of the global palm oil industry.

Perseroan memahami bahwa dalam industri kelapa sawit terdapat           The Company recognizes that there are three main factors
tiga faktor utama yang memengaruhi kinerja perusahaan, yaitu harga      influencing performance in the palm oil industry, namely commodity
komoditas, volume produksi, dan biaya operasional. Di antara ketiga     prices, production volume, and operational costs. Among these,
faktor tersebut, harga komoditas dan kondisi cuaca merupakan            commodity prices and weather conditions are external factors
faktor eksternal yang berada di luar kendali perusahaan. Oleh karena    beyond the Company’s control. Therefore, cost control and
itu, Perseroan menempatkan pengendalian biaya dan peningkatan           productivity enhancement remain the primary focus in sustaining
produktivitas sebagai fokus utama dalam menjaga profitabilitas           long-term profitability.
secara berkelanjutan.

Sepanjang tahun 2025, Perseroan mencatatkan peningkatan                 Throughout 2025, the Company recorded improved operational
kinerja operasional yang tercermin dari pertumbuhan produksi            performance, reflected in production growth and optimized
serta optimalisasi utilisasi fasilitas pengolahan. Hingga akhir tahun   utilization of processing facilities. By the end of 2025, the Company
2025, Perseroan membukukan pendapatan sekitar Rp14,81 triliun,          reported revenue of approximately IDR14.81 trillion, an increase
meningkat sekitar 42,91% dibandingkan tahun sebelumnya, dengan          of around 42.91% compared to the previous year, with the main
kontribusi utama berasal dari segmen minyak dan lemak nabati.           contribution coming from the edible oil and fats segment.

Kinerja profitabilitas Perseroan juga menunjukkan penguatan             The Company’s profitability also strengthened significantly. Profit for
yang signifikan. Laba tahun berjalan setelah efek penyesuaian            the year after proforma adjustment effects reached approximately
proforma tercatat sekitar Rp1,39 triliun, meningkat sekitar 67,43%      IDR1.39 trillion, increasing by around 67.43% compared to the
dibandingkan tahun sebelumnya. Pencapaian ini mencerminkan              previous year. This achievement reflects the Company’s success
keberhasilan Perseroan dalam menjaga keseimbangan antara                in maintaining a balance between increased production volume and
peningkatan volume produksi dan pengendalian biaya operasional          effective cost control, enabling it to sustain margins amid global
sehingga mampu mempertahankan margin usaha di tengah fluktuasi           commodity price fluctuations.
harga komoditas global.

Untuk mempertahankan keunggulan operasional, Perseroan terus            To maintain operational excellence, the Company continued to
menjalankan berbagai inisiatif peningkatan produktivitas dan            implement various productivity and efficiency initiatives, including
efisiensi, termasuk optimalisasi penggunaan pupuk dengan cara            optimizing fertilizer usage, improving harvesting effectiveness,
efisien dan peningkatan efektivitas proses panen, serta penguatan        and strengthening data-driven operational management systems.
sistem pengelolaan operasional berbasis data. Pendekatan ini            This approach enables the Company to maintain a competitive cost
memungkinkan Perseroan menjaga struktur biaya yang kompetitif           structure while ensuring consistent production quality and volume.
sekaligus memastikan kualitas dan kuantitas produksi tetap terjaga.

Selain memperkuat aspek operasional, Perseroan juga meneguhkan          In addition to strengthening operational aspects, the Company
fondasi pertumbuhan melalui penguatan struktur permodalan.              also reinforced its growth foundation through capital structure
Langkah ini tidak hanya meningkatkan ketahanan finansial, tetapi         optimization. This step not only enhances financial resilience but
juga membuka ruang bagi ekspansi strategis dan penciptaan nilai         also creates opportunities for strategic expansion and sustainable
berkelanjutan bagi seluruh pemangku kepentingan.                        value creation for all stakeholders.

Pada tahun 2025, Perseroan memperoleh fasilitas pembiayaan              In 2025, the Company secured a syndicated financing facility of up
sindikasi maksimal senilai Rp5.136.715.000.000 dari sejumlah            to approximately IDR5,136,715,000,000 from several national and
bank nasional dan internasional yang digunakan untuk refinancing         international banks, which was utilized for refinancing existing loans
pinjaman sebelumnya, serta mendukung kebutuhan operasional              as well as supporting operational needs and business expansion.
dan ekspansi usaha.




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Sebagai bagian dari strategi pertumbuhan jangka panjang, Perseroan      As part of its long-term growth strategy, the Company also completed
juga menyelesaikan aksi korporasi strategis melalui akuisisi PT Sawit   a strategic corporate action through the acquisition of PT Sawit
Mandiri Lestari (SML) senilai sekitar Rp1,6 triliun pada November       Mandiri Lestari (SML) worth approximately IDR1.6 trillion in November
2025. Akuisisi ini memperluas basis aset perkebunan Perseroan,          2025. This acquisition expands the Company’s plantation asset
meningkatkan kapasitas produksi, serta memperbaiki profil umur           base, increases production capacity, and improves the plantation
tanaman guna mendukung peningkatan produktivitas di masa                age profile to support future productivity growth.
mendatang.

Dari sisi hilir, kinerja anak usaha PT Citra Borneo Utama Tbk (CBUT)    On the downstream side, the performance of its subsidiary PT
menunjukkan tren pertumbuhan yang semakin membaik dari tahun            Citra Borneo Utama Tbk (CBUT) continued to show improving
ke tahun, didorong oleh penguatan strategi hilirisasi dan integrasi     growth trends year by year, driven by strengthened downstream
vertikal Perseroan. Peningkatan kapasitas operasional serta             strategies and vertical integration. Increased operational capacity
optimalisasi fasilitas pengolahan memungkinkan CBUT menghasilkan        and optimized processing facilities enable CBUT to produce higher
produk bernilai tambah yang lebih tinggi, sehingga mendorong            value-added products, thereby driving consistent revenue and
pertumbuhan pendapatan dan profitabilitas secara konsisten. Peran        profitability growth. CBUT’s role as a processor of palm oil derivatives
CBUT sebagai pengolah produk turunan kelapa sawit juga semakin          is increasingly strategic in strengthening the Company’s business
strategis dalam memperkuat struktur bisnis Perseroan, tidak hanya       structure, not only in improving efficiency but also in capturing
dalam meningkatkan efisiensi, tetapi juga dalam menangkap peluang        domestic and export market opportunities. With stronger operational
pasar domestik dan ekspor. Dengan fundamental operasional yang          fundamentals and growing demand for downstream products,
semakin solid dan dukungan permintaan produk hilir yang terus           CBUT is expected to remain a key contributor to the Company’s
tumbuh, CBUT diharapkan akan terus menjadi salah satu kontributor       consolidated performance on a sustainable basis.
utama terhadap kinerja konsolidasi Perseroan secara berkelanjutan.

Secara keseluruhan, kinerja Perseroan tahun 2025 mencerminkan           Overall, the Company’s performance in 2025 reflects an increasingly
fondasi operasional yang semakin kokoh. Pencapaian tersebut             solid operational foundation. These achievements demonstrate
menjadi bukti atas konsistensi strategi, disiplin dalam pengelolaan     the consistency of its strategy, disciplined cost management,
biaya, serta komitmen berkelanjutan untuk meningkatkan                  and continuous commitment to improving productivity across all
produktivitas di seluruh lini usaha. Dengan landasan yang solid ini,    business lines. With this strong foundation, the Company is well-
Perseroan berada pada posisi yang lebih siap untuk menghadapi           positioned to navigate industry dynamics while capturing future
dinamika industri sekaligus memanfaatkan peluang pertumbuhan            growth opportunities.
di masa mendatang.

Tantangan yang Dihadapi Perseroan                                       Challenges Faced by the Company in
Tahun 2025 dan Mitigasinya                                              2025 and Mitigation Measures
Pada tahun 2025, Perseroan menghadapi berbagai dinamika                 In 2025, the Company faced various industry dynamics, particularly
industri, terutama volatilitas harga minyak nabati di pasar global      the volatility of edible oil prices in the global market, influenced by
yang dipengaruhi oleh keseimbangan pasokan dan permintaan,              supply-demand balance, competition with other edible oils such as
persaingan dengan minyak nabati lain seperti soybean oil dan            soybean oil and sunflower oil, as well as evolving trade and energy
sunflower oil, serta perubahan berbagai kebijakan perdagangan            policies across different countries.
dan energi di berbagai negara.

Kondisi ini menuntut Perseroan untuk menjaga profitabilitas tidak        These conditions required the Company to maintain profitability
hanya melalui peningkatan volume produksi, tetapi juga melalui          not only through increased production volume but also through
penguatan struktur biaya dan peningkatan efisiensi operasional.          strengthening its cost structure and improving operational efficiency.
Perseroan secara konsisten menitikberatkan strategi pada                The Company consistently focused its strategy on enhancing
peningkatan produktivitas kebun (yield per hectare), CPO (yield         plantation productivity (yield per hectare), CPO productivity,
per hectare), optimalisasi tingkat ekstraksi minyak (oil extraction     optimizing oil extraction rates, and improving operational efficiency
rate), serta efisiensi operasional di seluruh rantai produksi.           across the entire production chain.

Tantangan lainnya berasal dari peningkatan biaya input produksi,        Another challenge arose from increasing production input costs,
khususnya pupuk, tenaga kerja, dan logistik. Untuk memitigasi risiko    particularly fertilizers, labor, and logistics. To mitigate these risks,
tersebut, Perseroan terus melakukan optimalisasi penggunaan input       the Company continued to optimize input usage, improve operational
produksi, meningkatkan efisiensi proses operasional, mekanisasi          process efficiency, implement mechanization, and strengthen
serta memperkuat konsistensi pengelolaan kebun berbasis data            data-driven plantation management to ensure that all operational
guna memastikan setiap aktivitas operasional berjalan secara efektif.   activities are carried out effectively.




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Selain faktor operasional, industri kelapa sawit juga menghadapi       In addition to operational factors, the palm oil industry also faced
dinamika regulasi keberlanjutan yang semakin kompleks di pasar         increasingly complex sustainability regulations in global markets.
global. Berbagai standar lingkungan dan ketertelusuran rantai pasok    Various environmental standards and supply chain traceability
menuntut perusahaan untuk memperkuat praktik keberlanjutan             requirements compel companies to strengthen sustainability
serta transparansi operasional.                                        practices and enhance operational transparency.

Sebagai respons, Perseroan terus memperkuat tata kelola                In response, the Company continues to strengthen its sustainability
keberlanjutan melalui peningkatan sistem ketertelusuran rantai         governance by enhancing supply chain traceability systems,
pasok, penerapan praktik perkebunan berkelanjutan, serta               implementing sustainable plantation practices, and complying
pemenuhan berbagai standar sertifikasi internasional maupun             with various international and national certification standards,
nasional, seperti pemenuhan sertifikasi RSPO dan ISPO. Langkah          such as Roundtable on Sustainable Palm Oil (RSPO) and Indonesian
ini tidak hanya memastikan kepatuhan terhadap regulasi, tetapi juga    Sustainable Palm Oil (ISPO). These measures not only ensure
memperkuat posisi Perseroan sebagai produsen kelapa sawit yang         regulatory compliance but also reinforce the Company’s position
bertanggung jawab dan berdaya saing global.                            as a responsible and globally competitive palm oil producer.

Melalui pengelolaan operasional yang disiplin serta penguatan tata     Through disciplined operational management and strengthened
kelola keberlanjutan, Perseroan mampu menjaga stabilitas kinerja       sustainability governance, the Company has been able to maintain
di tengah dinamika industri yang terus berkembang.                     performance stability amid continuously evolving industry dynamics.

Prospek Usaha                                                          Business Prospects
Memandang tahun 2026, Perseroan meyakini prospek industri kelapa       Looking ahead to 2026, the Company believes that the palm oil
sawit tetap berada pada jalur pertumbuhan yang positif. Permintaan     industry will remain on a positive growth trajectory. Global demand
global terhadap minyak nabati diperkirakan terus meningkat seiring     for edible oils is expected to continue increasing, driven by population
pertumbuhan populasi, perkembangan industri pangan, serta              growth, expansion of the food industry, and rising demand for more
meningkatnya kebutuhan energi alternatif yang lebih berkelanjutan.     sustainable alternative energy.

Di pasar domestik, keberlanjutan program mandatori biodiesel           In the domestic market, the continuation of the national biodiesel
nasional menjadi faktor penting yang memperkuat prospek industri       mandate program remains a key factor strengthening the outlook
kelapa sawit Indonesia. Kebijakan ini meningkatkan serapan CPO         of Indonesia’s palm oil industry. This policy increases domestic
di dalam negeri sehingga menciptakan stabilitas permintaan yang        CPO absorption, creating stronger demand stability and reducing
lebih kuat dan mengurangi ketergantungan terhadap pasar ekspor         dependence on dynamic export markets.
yang dinamis.

Dari sisi operasional, Perseroan melihat peluang pertumbuhan           From an operational perspective, the Company sees growth
melalui peningkatan produktivitas kebun, optimalisasi aset hasil       opportunities through increased plantation productivity, optimization
ekspansi, serta penguatan integrasi operasional dari hulu hingga       of assets resulting from expansion, and strengthening operational
hilir. Investasi yang telah direalisasikan pada tahun 2025, termasuk   integration from upstream to downstream. Investments realized in
penguatan basis aset perkebunan melalui akuisisi strategis,            2025, including the strengthening of plantation asset bases through
diharapkan memberikan kontribusi signifikan terhadap peningkatan        strategic acquisitions, are expected to contribute significantly to
kapasitas produksi pada tahun-tahun mendatang.                         increased production capacity in the coming years.

Selain itu, Perseroan juga terus membuka peluang pertumbuhan           In addition, the Company continues to pursue growth opportunities
melalui strategi ekspansi yang selektif, baik melalui akuisisi aset    through selective expansion strategies, both through the acquisition
perkebunan berpotensi tinggi maupun pengembangan bisnis hilir          of high-potential plantation assets and the development of
guna meningkatkan nilai tambah produk.                                 downstream businesses to enhance product value.

Dengan fondasi operasional yang semakin kuat, disiplin pengelolaan     With increasingly strong operational foundations, consistent
biaya yang konsisten, serta strategi pertumbuhan yang terukur,         cost management discipline, and a measured growth strategy,
Perseroan optimistis dapat mempertahankan momentum                     the Company remains confident in its ability to sustain growth
pertumbuhan dan menciptakan nilai tambah berkelanjutan bagi            momentum and create sustainable value for shareholders and all
pemegang saham dan seluruh pemangku kepentingan.                       stakeholders.




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Penerapan Tata Kelola                                                   Governance Implementation
Perseroan menempatkan penerapan Tata Kelola Perusahaan yang             The Company places the implementation of Good Corporate
Baik (Good Corporate Governance/GCG) sebagai fondasi utama              Governance (GCG) as a fundamental foundation in conducting
dalam menjalankan kegiatan usaha dan menciptakan nilai jangka           its business and creating long-term value for shareholders and
panjang bagi pemegang saham serta pemangku kepentingan lainnya.         other stakeholders. The principles of transparency, accountability,
Prinsip transparansi, akuntabilitas, responsibilitas, independensi,     responsibility, independence, and fairness serve as guidelines in all
dan kewajaran menjadi pedoman dalam setiap proses pengambilan           decision-making processes across the organization.
keputusan di seluruh organisasi.

Sebagai bagian dari penguatan tata kelola yang adaptif terhadap         As part of strengthening governance that is adaptive to industry
dinamika industri dan tuntutan keberlanjutan global, Perseroan telah    dynamics and global sustainability demands, the Company has
mengintegrasikan risiko pada Lingkungan, Sosial, dan Tata Kelola        integrated Environmental, Social, and Governance (ESG) risks into
(ESG) ke dalam kerangka manajemen risiko perusahaan. Risiko terkait     its corporate risk management framework. Risks related to climate
perubahan iklim, kepatuhan terhadap regulasi keberlanjutan, praktik     change, compliance with sustainability regulations, labor practices,
ketenagakerjaan, serta reputasi perusahaan kini menjadi bagian dari     and corporate reputation are now incorporated into structured
proses identifikasi, evaluasi, dan mitigasi risiko secara terstruktur.   processes of risk identification, evaluation, and mitigation.

Untuk memperkuat budaya kepatuhan dan integritas, Perseroan             To strengthen a culture of compliance and integrity, the Company
membentuk Komite Pengaduan yang bertanggung jawab mengelola             has established a Complaint Committee responsible for managing
mekanisme pengaduan, termasuk Whistleblowing System (WBS).              grievance mechanisms, including the Whistleblowing System (WBS).
Sistem ini memungkinkan karyawan maupun pihak eksternal                 This system enables employees and external parties to report alleged
menyampaikan laporan dugaan pelanggaran secara aman, rahasia,           violations in a secure, confidential, and independent manner. Each
dan independen. Setiap laporan diproses melalui prosedur yang jelas     report is processed through clear and transparent procedures while
dan transparan dengan menjunjung tinggi perlindungan pelapor.           upholding whistleblower protection.

Perseroan juga secara berkala mengevaluasi efektivitas sistem           The Company also periodically evaluates the effectiveness of its
pengendalian internal dan manajemen risiko, termasuk pemantauan         internal control systems and risk management practices, including
kepatuhan terhadap peraturan perundang-undangan. Melalui                monitoring compliance with applicable laws and regulations. Through
penguatan tata kelola dan integrasi risiko ESG, Perseroan tidak hanya   strengthened governance and ESG risk integration, the Company not
memastikan kepatuhan terhadap regulasi, tetapi juga memperkuat          only ensures regulatory compliance but also reinforces stakeholder
kepercayaan pemangku kepentingan serta meningkatkan daya                trust and enhances long-term competitiveness.
saing jangka panjang.

Perubahan Komposisi Direksi                                             Changes in the Composition
                                                                        of Board of Directors
Pada tahun 2025, komposisi Direksi Perseroan mengalami perubahan        In 2025, the composition of the Company’s Board of Directors
seiring perkembangan usaha Perseroan. Langkah ini merupakan             changed in line with the Company’s business development. This
bagian dari upaya memperkuat pengelolaan keuangan yang lebih            step is part of efforts to strengthen more integrated financial
terintegrasi, meningkatkan daya saing dan penetrasi pasar, serta        management, enhance competitiveness and market penetration,
memastikan integrasi prinsip keberlanjutan dalam setiap aspek           and ensure the integration of sustainability principles into all
operasional dan pengambilan keputusan. Perubahan komposisi              operational and decision-making aspects. The change in the Board’s
Direksi diharapkan dapat mempercepat implementasi strategi              composition is expected to accelerate the implementation of the
pertumbuhan Perseroan sekaligus memperkuat fondasi tata kelola          Company’s growth strategy while strengthening governance and risk
dan manajemen risiko yang berorientasi jangka panjang.                  management foundations with a long-term orientation.

Berikut komposisi Direksi di tahun 2025:                                The composition of the Board of Directors in 2025 is as follows:
• Direktur Utama       : Jap Hartono                                    • President Director		        : Jap Hartono
• Direktur		           : Akhmad Faisyal                                 • Director			: Akhmad Faisyal
• Direktur		           : Jahja Tanudjaja Adelai                         • Director			: Jahja Tanudjaja Adelai
• Direktur		           : Roshan Chakravarthy Valautham                  • Director			: Roshan Chakravarthy Valautham
• Direktur		           : Henky Satrio Wibowo                            • Director			: Henky Satrio Wibowo




                                                                                                      PT Sawit Sumbermas Sarana Tbk     57
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Penutup                                                                 Closing
Sebagai penutup, Direksi menyampaikan rasa hormat dan terima            In closing, the Board of Directors would like to express its sincere
kasih kepada Dewan Komisaris atas arahan dan dukungan yang              appreciation to the Board of Commissioners for their guidance and
telah diberikan. Ucapan terima kasih juga ditujukan kepada para         support. Our gratitude is also extended to the Shareholders and all
Pemegang Saham dan para pemangku kepentingan atas kerja                 stakeholders for the strong collaboration and partnership that have
sama, dan kolaborasi terjalin dengan baik. Dukungan tersebut telah      been established. This support has enabled the Board of Directors
memungkinkan Direksi untuk menjalankan pengelolaan Perseroan            to manage the Company optimally throughout 2025.
secara optimal di sepanjang tahun 2025.

Direksi juga menyampaikan apresiasi yang tinggi atas kerja keras dan    The Board also expresses its highest appreciation for the hard work
dedikasi seluruh Insan Perseroan yang telah memberikan kontribusi       and dedication of all Company personnel, whose contributions
terbaiknya, sehingga Perseroan mampu mencatatkan pencapaian             have enabled the Company to achieve positive performance
positif di tengah tantangan dan dinamika global. Tidak lupa, Direksi    amid global challenges and dynamics. We would also like to thank
mengucapkan terima kasih kepada para tenant, mitra bisnis,              tenants, business partners, regulators, and all stakeholders for their
regulator, serta seluruh Pemangku Kepentingan atas kepercayaan          continued trust and cooperation, which have played an important
dan kerja sama yang terus terjalin, yang turut berperan dalam           role in strengthening the Company’s position in the palm oil industry
memperkuat posisi Perseroan di industri kelapa sawit sekaligus          while supporting sustainable growth in the future.
mendorong keberlanjutan pertumbuhan di masa mendatang.

Meskipun berbagai pencapaian telah diraih, Perseroan tidak              Despite the achievements that have been made, the Company
akan berhenti untuk terus berkembang. Perseroan berkomitmen             will continue to strive for further growth. The Company remains
untuk terus berinovasi dan beradaptasi dalam menghadapi                 committed to innovation and adaptability in responding to industry
dinamika industri agar dapat menjawab kebutuhan pasar serta             dynamics, ensuring it can meet market needs while maintaining its
mempertahankan perusahaan perkebunan berkelas dunia.                    position as a world-class plantation company.




                                                           Atas nama Direksi,
                                                    On behalf of the Board of Directors,




                                                                Jap Hartono
                                                              Direktur Utama
                                                             President Director




  58     Laporan Tahunan 2025 Annual Report
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                                                    Laporan Manajemen
                                                    Management Report




 Halaman ini sengaja dikosongkan.
This page is intentionally left blank.




                                         PT Sawit Sumbermas Sarana Tbk   59
Page 60
Tanggung Jawab Laporan Tahunan
Annual Report Responsibility

                                SURAT PERNYATAAN DEWAN KOMISARIS
                       TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2025
                                 PT SAWIT SUMBERMAS SARANA TBK
                      STATEMENT OF RESPONSIBILITY OF BOARD OF COMMISSIONERS
                  FOR THE 2025 ANNUAL REPORT OF PT SAWIT SUMBERMAS SARANA TBK

Kami, yang bertanda tangan di bawah ini, menyatakan bahwa semua        We, the undersigned, hereby declare that the 2025 Annual Report of
informasi dalam Laporan Tahunan PT Sawit Sumbermas Sarana Tbk          PT Sawit Sumbermas Sarana Tbk has already contained a complete
tahun 2025 telah dimuat secara lengkap dan bertanggung jawab           information and we shall be fully responsible for the correctness of
penuh atas kebenaran isi Laporan Tahunan Perseroan.                    the Company’s Annual Report content.

Demikian pernyataan ini dibuat dengan sebenarnya.                      This statement is hereby made in all truthfulness.


                                                 Pangkalanbun,                        2026
                                                 Pangkalanbun,                        2026


                                                        Dewan Komisaris
                                                     Board of Commissioners




                                                     Prof. Dr. Ir. Bungaran Saragih
                                                            Komisaris Utama
                                                        President Commissioner




                               Hoesen                                                        Ir. Rimbun Situmorang
                         Komisaris Independen                                                        Komisaris
                      Independent Commissioner                                                     Commissioner




 60     Laporan Tahunan 2025 Annual Report
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                                                                                                                 Laporan Manajemen
                                                                                                                 Management Report




                                          Tanggung Jawab Laporan Tahunan
                                                                        Annual Report Responsibility

                                    SURAT PERNYATAAN DIREKSI
                      TENTANG TANGGUNG JAWAB ATAS LAPORAN TAHUNAN 2025
                                PT SAWIT SUMBERMAS SARANA TBK
                       STATEMENT OF RESPONSIBILITY OF BOARD OF DIRECTORS
                 FOR THE 2025 ANNUAL REPORT OF PT SAWIT SUMBERMAS SARANA TBK

Kami, yang bertanda tangan di bawah ini, menyatakan bahwa semua         We, the undersigned, hereby declare that the 2025 Annual Report of
informasi dalam Laporan Tahunan PT Sawit Sumbermas Sarana Tbk           PT Sawit Sumbermas Sarana Tbk has already contained a complete
tahun 2025 telah dimuat secara lengkap dan bertanggung jawab            information and we shall be fully responsible for the correctness of
penuh atas kebenaran isi Laporan Tahunan Perseroan.                     the Company’s Annual Report content.

Demikian pernyataan ini dibuat dengan sebenarnya.                       This statement is hereby made in all truthfulness.


                                                  Pangkalanbun,                    2026
                                                  Pangkalanbun,                    2026


                                                              Direksi
                                                         Board of Directors




                                                              Jap Hartono
                                                             Direktur Utama
                                                            President Director




                         Akhmad Faisyal                                                      Jahja Tanudjaja Adelai
                            Direktur                                                                Direktur
                            Director                                                                Director




                  Roshan Chakravarthy Valautham                                               Henky Satrio Wibowo
                             Direktur                                                               Direktur
                             Director                                                               Director




                                                                                                      PT Sawit Sumbermas Sarana Tbk    61
Page 62
03

Profil
Perusahaan
Company
Profile




62   Laporan Tahunan 2025 Annual Report
Page 63
             Profil Perusahaan
              Company Profile




PT Sawit Sumbermas Sarana Tbk   63
Page 64
Informasi dan Data Perusahaan
Company Information and Data


              Nama Perusahaan
              Company Name

              PT Sawit Sumbermas Sarana Tbk




     Bidang Usaha                                                  Tanggal Pendirian                  Status dan Bentuk Badan Hukum
     Nature of Business                                            Date of Establishment              Status and Form of Legal Entity

     Pembudidayaan tanaman kelapa sawit                            22 November 1995                   Perusahaan Terbatas (PT) dan
     dari proses penanaman, pemanenan,                             November 22, 1995                  Perusahaan Terbuka
     pengolahan tandan buah segar (TBS)                                                               Limited Liability Company (PT) and
     yang menghasilkan minyak kelapa                                                                  Public Company
     sawit (CPO), inti sawit (PK) dan minyak
     inti sawit (PKO) dan juga meliputi
     proses penjualan, pemasaran serta
     pendistribusian produk.
     Palm oil cultivation, including planting,
     harvesting and processing of fresh
     fruit bunches (FFB) into crude palm
     oil (CPO), palm kernel (PK), crude palm
     kernel oil (CPKO), and its derivatives,
     as well as sales, marketing, and
     distribution of products.




     Dasar Hukum Pendirian                                                                           Modal Dasar
     Legal Basis of Establishment                                                                    Authorized Capital

     Akta Pendirian No. 51 tanggal 22 November 1995 yang dibuat dihadapan Enimaya Agoes
     Suwarko, S.H, Notaris di Jakarta yang dinyatakan kembali berdasarkan akta tanggal 1 Juli        Rp3.210.000.000.000,-
     1996 yang dibuat oleh Notaris Pengganti Nadi Krida Yomantara SH., Notaris di Jakarta, dan
                                                                                                   terbagi atas 32.100.000.000 lembar saham
     telah mendapatkan pengesahan dari Kementerian Hukum dan Hak Asasi Manusia Republik
     Indonesia dengan Surat Keputusan No. C2-8176.HT.01.01.Th.96 tanggal 26 Juli 1996, serta
     selanjutnya diumumkan dalam Berita Negara Republik Indonesia No. 839, Tambahan No.               IDR3,210,000,000,000
     36 tanggal 22 Februari 2011
                                                                                                      divided into 32,100,000,000 shares
     Deed of Establishment No. 51 dated November 22, 1995 made before Enimaya Agoes
     Suwarko, SH, Notary in Jakarta and restated based on the Deed dated July 1, 1996 made
     by Replacement Notary Nadi Krida Yomantara SH, Notary in Jakarta, and approved by the
     Ministry of Law and Human Rights of the Republic of Indonesia under Decree No. C2-8176.
     HT.01.01.Th.96 dated July 26, 1996, and subsequently published in the Republic of Indonesia     Modal Ditempatkan dan Disetor Penuh
     State of Gazette No. 839, Supplement No. 36 dated February 22, 2011.                            Issued and Fully Paid-in Capital


                                                                                                      Rp952.500.000.000,-
                                                                                                   terbagi atas 9.525.000.000 lembar saham
     Jumlah Karyawan
     Number of Employees                                                                              IDR952,500,000,000,
                                                                                                       divided into 9,525,000,000 shares
     20.040                                       4.513
     Orang (Perseroan dan Anak)                   Orang (Perseroan)
     Employees (The Company and Subsidiaries)     Employees (The Company)




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                                                                                                                 Profil Perusahaan
                                                                                                                  Company Profile




Produk Usaha
Products

• Tandan Buah Segar/Fresh Fruit Bunches
• Minyak Kelapa Sawit/Crude Palm Oil
• Inti Sawit/Palm Kernel
• Minyak Inti Sawit/Palm Kernel Oil
• Minyak Inti Sawit Mentah/Crude Palm
  Kernel Oil
• RBDPO/Refined Bleached Deodorized
  Palm Oil
• RBDP Olein/Refined Bleached Deodorized   Jaringan Usaha
  Palm Olein
                                           Business Network
• RBDPS/Refined Bleached Deodorized
  Palm Stearin
• PFAD/Palm Fatty Acid Distillate          1 Kantor Pusat, 1 Kantor Representatif, 23 Perkebunan Kelapa Sawit, 8 Pabrik Kelapa
• CPKO/Crude Palm Kernel Oil               Sawit, 1 Pabrik Inti Sawit, 2 Pabrik Biogas, 1 pabrik Bio-CNG, 1 Pabrik Pemurnian, 1 Pabrik
• PKE/Palm Kernel Expeller
                                           Fraksinasi dan 1 pabrik kernel crushing.
                                           1 Head Office, 1 Representative Office, 23 Palm Oil Plantations, 8 Palm Oil Mills, 2 Biogas
                                           Plants, 1 Bio-CNG Plant, 1 Refinery Plant, 1 Fractionation Plant, and 2 Kernel Crushing
                                           Plant.




                                           Pencatatan Saham                                     Entitas Anak
                                           Share Listing                                        Subsidiaries

                                           12 Desember 2013 di Bursa Efek                       • PT Mitra Mendawai Sejati (MMS)
                                           Jakarta, saat ini telah berubah                      • PT Kalimantan Sawit Abadi (KSA)
                                           nama menjadi Bursa Efek Indonesia.                   • PT Sawit Multi Utama (SMU)
                                           December 12, 2013 on the Jakarta
                                                                                                • PT Tanjung Sawit Abadi (TSA)
                                           Stock Exchange, currently changed
Kepemilikan Saham                                                                               • PT Mirza Pratama Putra (MPP)
                                           to Indonesia Stock Exchange.
Share Ownership
                                                                                                • PT Menteng Kencana Mas (MKM)
                                                                                                • SSMS Plantation Holding (SPH)
                                           Kode Saham                                           • SSMS Plantation International (SPI)
                                           Ticker Code                                          • Sawit Sumbermas International (SSI)
                                                                                                • PT Citra Borneo Utama Tbk (CBUT)
                                           SSMS
                                                                                                • PT Sawit Mandiri Lestari (SML)




                                           Alamat Kantor Pusat                     Kontak Perseroan
                                           Head Office Address                       Company’s Contact

                                           Jalan H. Udan Said No. 47               Head of Corporate Secretary
                                           Pangkalan Bun                           Deni Agustinus Damayanto
             65,83%                        Kalimantan Tengah 74113
     PT Citra Borneo Indah                 Telp. : (+62-532) 21297                 Jakarta Representative Office
                                           Fax. : (+62-532) 21396                  Equity Tower Lt. 43 Suite C-D
             10,13%                        Website : www.ssms.co.id                Jl. Jend. Sudirman Kav. 52-53 SCBD Lot 9
 PT Putra Borneo Agro Lestari              Email : corporate@ssms.co.id            Jakarta 12190 – Indonesia

             24,04%                                                                Telp. : (+62 21) 2903 5401
                                                                                   Fax. : (+62 21) 2903 5405
   Masyarakat (dibawah 5%)
                                                                                   Email : corporate@ssms.co.id




                                                                                                  PT Sawit Sumbermas Sarana Tbk          65
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Riwayat Singkat Perusahaan
Brief History of the Company



Tahun 2025, seluruh unit bisnis Perseroan telah 100%
tersertifikasi RSPO dan ISPO, dan telah merampungkan
sertifikasi International Sustainability and Carbon
Certification (ISCC) dan Bisnis dan Hak Asasi Manusia
(BHRISC) untuk sektor perkebunan
In 2025, all of the Company’s business units had achieved 100% RSPO
and ISPO certification and completed the International Sustainability
and Carbon Certification (ISCC) as well as the Business and Human
Rights (BHRISC) certification for the plantation sector




PT Sawit Sumbermas Sarana Tbk (selanjutnya disebut “SSMS”              PT Sawit Sumbermas Sarana Tbk (hereinafter referred to as “SSMS”
atau “Perseroan”) didirikan di Jakarta pada 22 November 1995           or “the Company”) was established in Jakarta on November 22, 1995
berdasarkan Akta Pendirian No. 51 tanggal 22 November 1995 yang        based on Deed of Establishment No. 51 dated November 22, 1995
dibuat dihadapan Enimaya Agoes Suwarko, S.H, Notaris di Jakarta        made before Enimaya Agoes Suwarko, SH, Notary in Jakarta and
yang dinyatakan kembali berdasarkan akta tanggal 1 Juli 1996 yang      restated based on the Deed dated July 1, 1996 made by Replacement
dibuat oleh Notaris Pengganti Nadi Krida Yomantara SH., Notaris        Notary Nadi Krida Yomantara SH, Notary in Jakarta, and approved by
di Jakarta, dan telah mendapatkan pengesahan dari Kementerian          the Ministry of Law and Human Rights of the Republic of Indonesia
Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat            under Decree No. C2-8176. HT.01.01.Th.96 dated July 26, 1996, and
Keputusan No. C2-8176.HT.01.01.Th.96 tanggal 26 Juli 1996, serta       subsequently published in the Republic of Indonesia State of Gazette
selanjutnya diumumkan dalam Berita Negara Republik Indonesia           No. 839, Supplement No. 36 dated February 22, 2011.
No. 839, Tambahan No. 36 tanggal 22 Februari 2011.

Perseroan dan kelompok usaha bergerak di bidang perkebunan             The Company and its group are engaged in the palm oil plantation
kelapa sawit dari hulu ke hilir. SSMS mulai beroperasi secara          industry, spanning upstream to downstream operations. SSMS
komersial pada tahun 2005 di Kalimantan Tengah, dan telah memiliki     commenced commercial operations in 2005 in Central Kalimantan
pabrik kelapa sawit (PKS) dengan kapasitas produksi mencapai 540       and currently operates a palm oil mills (POM) with a capacity of 540
MT tandan buah segar (“TBS”) per jam. Pada tahun 2013, Perseroan       MT of fresh fruit bunches (“FFB”) per hour. In 2013, the Company
mencatatkan seluruh sahamnya di Bursa Efek Indonesia. Ini menjadi      listed all of its shares on the Indonesia Stock Exchange, marking
tonggak pencapaian Perseroan dalam memperkuat permodalan dan           a significant milestone in strengthening its capital structure and
memperluas skala usaha sehingga Perseroan menjadi produsen             expanding its business scale, enabling SSMS to become one of
kelapa sawit terkemuka di Indonesia hingga saat ini.                   Indonesia’s leading palm oil producers to date.

Pada tahun 2018, Perseroan melalui anak usaha MMS dan KSA              In 2018, through its subsidiaries MMS and KSA, the Company
mengembangkan Pembangkit Listrik Tenaga Biomassa (PLTBM)               developed a Biomass Power Plant (PLTBM) or BioGas Plant that
atau pabrik BioGas yang menghasilkan tenaga listrik berkapasitas 1,5   generates 1.5 megawatts of electricity, which is used to support
Mega Watt, untuk digunakan pada kegiatan operasional Perseroan         the Company’s operational activities and supply power to employee
dan rumah-rumah di sekitar kawasan pemukiman pegawai. Pendirian        residential areas. The establishment of this BioGas Plant not only
Pabrik BioGas ini tidak hanya memberikan solusi bagi ketersediaan      provides a solution for electricity availability but also reinforces the
pasokan listrik, tapi juga sebagai komitmen Perseroan dalam            Company’s commitment to applying sustainability principles within
penerapan prinsip-prinsip keberlanjutan di industri sawit.             the palm oil industry.


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                                                                                                                           Profil Perusahaan
                                                                                                                            Company Profile




Untuk semakin memperkuat usahanya dari hulu ke hilir, pada tahun           To further strengthen its integrated upstream-to-downstream
2023, SSMS meningkatkan kepemilikan sahamnya pada PT Citra                 operations, in 2023 SSMS increased its share ownership in PT Citra
Borneo Utama Tbk (CBUT). Dengan demikian, Perseroan telah                  Borneo Utama Tbk (CBUT). As a result, the Company has managed 23
memiliki 23 perkebunan kelapa sawit, 8 (delapan) pabrik kelapa             oil palm plantations, 8 (eight) palm oil mills, 1 (one) palm kernel mill, 2
sawit (PKS), 1 (satu) pabrik inti sawit, 2 (dua) pabrik biogas, 1 pabrik   (two) biogas plants, 1 Bio-CNG plant, 1 refinery plant, 1 fractionation
Bio-CNG, 1 pabrik pemurnian, 1 pabrik fraksinasi dan 1 pabrik kernel       plant, and 1 kernel crushing plant through its 10 (ten) subsidiaries.
crushing melalui 10 (sepuluh) anak usahanya.

Hingga akhir tahun 2025, seluruh unit bisnis Perseroan telah 100%          As of the end of 2025, all of the Company’s business units have
tersertifikasi RSPO dan ISPO, serta telah merampungkan sertifikasi           achieved 100% certification under RSPO and ISPO, and have
International Sustainability and Carbon Certification (ISCC) dan Bisnis     completed the International Sustainability and Carbon Certification
dan Hak Asasi Manusia (BHRISC) untuk sektor perkebunan, kecuali            (ISCC) and Business and Human Rights (BHRISC) certifications for
PT Sawit Mandiri Lestari yang baru diakuisisi pada November 2025.          the plantation sector, with the exception of PT Sawit Mandiri Lestari,
                                                                           which was newly acquired in November 2025.

Sementara itu, di sektor hilir (downstream), PT Citra Borneo               In the downstream segment, PT Citra Borneo Utama Tbk (CBUT) has
Utama Tbk (CBUT) telah memperoleh sertifikat RSPO Supply Chain              obtained the RSPO Supply Chain Certification Standard (SCCS) for its
Certification Standard (SCCS) untuk area refinery, fraksinasi, dan           refinery, fractionation, and Kernel Crushing Plant (KCP) operations,
Kernel Crushing Plant (KCP), serta 30 sertifikat lainnya yang terdiri       along with 30 additional certifications comprising 26 Integrated
dari 26 sertifikat Sistem Manajemen Terintegrasi dan 4 (empat)              Management System certifications and 4 Halal Assurance System
sertifikat Sistem Jaminan Halal.                                            certifications.

Pencapaian ini semakin menegaskan komitmen Perseroan dalam                 These achievements further reinforce the Company’s commitment
menerapkan praktik keberlanjutan secara menyeluruh di seluruh              to implementing sustainability practices across its entire value chain.
rantai nilai usaha.

INFORMASI PERUBAHAN NAMA                                                   INFORMATION OF NAME CHANGE

Sejak berdiri pada 22 November 1995 hingga saat ini, Perseroan             Since its establishment on November 22, 1995, until this day, the
tidak pernah mengalami perubahan nama.                                     Company has never changed its name.


                                                                                                            PT Sawit Sumbermas Sarana Tbk        67
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Visi - Misi Perusahaan
Company Vision and Mission

                                                                                                        Visi | Vision


                                                            Menjadi Perusahaan
                                                            Perkebunan Kelas Dunia.
                                                            To Become a World-Class
                                                            Plantation Company.


                                                                                                     Misi | Mission

                                                            • Membangun bisnis perkebunan
                                                              secara profesional.
                                                              To build a professional plantation business.
                                                            • Meningkatkan nilai tambah bagi seluruh
                                                              pemangku kepentingan.
                                                              To add value for all stakeholders.
                                                            • Melaksanakan prinsip tata kelola perusahaan
                                                              yang sempurna.
                                                              To implement best practices of corporate governance.
                                                            • Menggunakan teknologi maju ramah
                                                              lingkungan.
                                                              To use environmentally-friendly advanced technology.
                                                            • Mengembangkan sumber daya manusia dan
                                                              potensi daerah dalam semangat kemitraan.
                                                              To develop human resources and local potential in a
                                                              spirit of partnership.




Visi Misi Perseroan telah dikaji dan disetujui oleh Dewan Komisaris   The Company’s Vision and Mission have been reviewed and approved
dan Direksi, serta dinilai masih relevan dengan kondisi dan           by the Board of Commissioners and the Board of Directors and are
perkembangan usaha Perseroan hingga saat ini sehingga tidak           considered to remain relevant to the Company’s current conditions
memerlukan perubahan maupun penambahan.                               and business development, therefore, no changes or addition are
                                                                      required.




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                                                                                                            Profil Perusahaan
                                                                                                             Company Profile




                                                                       Nilai-Nilai Perusahaan
                                                                                              Corporate Values
Seiring dengan komitmen Perseroan terhadap keberlanjutan         In line with the Company’s commitment to sustainability based on the
berbasis Tujuan Pembangunan Berkelanjutan (TPB), Perseroan       Sustainable Development Goals (SDGs), the Company has updated
telah memperbaharui nilai-nilai Perusahaan agar sejalan dengan   its corporate values to align with the achievement of these goals.
pencapaian target TPB.

NILAI-NILAI PERUSAHAAN:                                          CORPORATE VALUES




     Peduli terhadap                   Peduli terhadap                Peduli terhadap                      Peduli Bangsa,
       Perusahaan                          rakyat                       lingkungan                           Indonesia
      Caring for the                    Caring for the                 Caring for the                       Caring for the
        Company                            People                      Environment                        Nation, Indonesia




                                                                                               PT Sawit Sumbermas Sarana Tbk    69
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Bidang Usaha
Line of Business




KEGIATAN USAHA BERDASARKAN                                              BUSINESS ACTIVITY BASED ON
ANGGARAN DASAR                                                          ARTICLES OF ASSOCIATION

Berdasarkan Pasal 3 Anggaran Dasar Terakhir Perusahaan, ruang           Pursuant to Article 3 of the Company’s latest Articles of Association,
lingkup kegiatan usaha Perseroan mencakup bidang pertanian,             the scope of the Company’s activities including the field of
kehutanan dan perikanan, industri pengolahan, pengadaan listrik         agriculture, forestry and fishery, processing industry, electricity
dan perdagangan.                                                        supply and trading.

KEGIATAN USAHA YANG DIJALANKAN                                          BUSINESS ACTIVITIES IN THE FINANCIAL YEAR
PADA TAHUN BUKU

Di tahun 2025, Perseroan telah menjalankan kegiatan usaha berikut:      In 2025, the Company carried out the following business activities:

1. Melaksanakan kegiatan usaha dibidang pertanian, kehutanan dan        1. Carrying out business activities in the fields of agriculture,
   perikanan yaitu perkebunan buah kelapa sawit, mencakup usaha            forestry, and fisheries, namely oil palm fruit plantations, including
   perkebunan mulai dari kegiatan pengolahan lahan, penyemaian,            plantation businesses ranging from land processing, seeding,
   pembibitan, penanaman, pemeliharaan dan pemanenan buah                  planting, maintenance and harvesting of oil palm fruit. Including
   kelapa sawit. Termasuk kegiatan pembibitan dan pembenihan               oil palm fruit tree seeding.
   tanaman buah kelapa sawit.

2. Melaksanakan kegiatan usaha di bidang industri pengolahan,           2. Carrying out business activities in the processing industry,
   yaitu industri minyak mentah kelapa sawit (crude palm oil),             namely the crude palm oil industry, including the business of
   mencakup usaha pengolahan kelapa sawit menjadi minyak                   processing palm oil into crude palm oil (CPO) which still needs
   mentah yang masih perlu diolah lebih lanjut dan biasanya produk         to be processed further and this product is usually used by
   ini dipakai oleh industri lain.                                         other industries.

3. Melaksanakan kegiatan usaha di bidang pengadaan listrik, yaitu       3. Carrying out business activities in the field of electricity
   pembangkitan tenaga listrik, mencakup usaha pembangkitan                procurement, namely electricity generation, including the
   tenaga listrik dan pengoperasian fasilitas pembangkit yang              business of generating electricity and operating generating
   menghasilkan energi listrik, seperti tenaga air (hidroelektrik),        facilities that produce electricity, such as hydropower
   batu bara, gas (turbin gas), bahan bakar minyak, diesel dan energi      (hydroelectric), coal, gas (gas turbines), fuel oil, diesel and other
   yang dapat diperbarui, tenaga surya, angin, arus laut, panas bumi       renewable energy, solar, wind, ocean currents, geothermal
   (energi termal), tenaga nuklir dan lain-lain.                           (thermal energy), nuclear power and others.

4. Melaksanakan kegiatan usaha dibidang perdagangan, antara lain:       4. Carrying out business activities in the trade sector, including:
   a. Perdagangan besar buah yang mengandung minyak,                       a. Wholesale of fruit containing oil, which includes wholesale
       mencakup usaha perdagangan besar hasil pertanian                        trade in agricultural products of fruit containing oil, such
       tanaman buah yang mengandung minyak, seperti kelapa                     as coconut and oil palm, including wholesale trade of fruit
       dan kelapa sawit termasuk perdagangan besar bibit buah                  seeds containing oil; and
       yang mengandung minyak; dan
   b. Perdagangan besar minyak dan lemak nabati, mencakup                   b. Wholesale of vegetable oils and fats, including wholesale
       usaha perdagangan besar minyak dan lemak nabati,                        of vegetable oils and fats, including margarine
       termasuk margarin.


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                                                                                                                     Profil Perusahaan
                                                                                                                      Company Profile




PRODUK DAN JASA YANG DITAWARKAN                                          PRODUCTS AND SERVICES

Perseroan menjalankan dan mengelola usahanya dalam 2 (dua)               The Company operates and manages its business in 2 (two) segment
segmen, yaitu perkebunan kelapa sawit serta menjual produknya di         that is oil palm plantations and sell its production in 1 (one) region
1 (satu) wilayah yaitu Kalimantan Tengah dan minyak nabati dengan        that is Central Kalimantan and edible oil that sold the products in
penjualan dilakukan di pasar lokal dan ekspor.                           local and export markets.




Segmen Perkebunan                                                        Plantations Segment
Segmen Perkebunan melakukan kegiatan usaha dalam                         Plantations segment is involved in the development and maintenance
pengembangan dan pemeliharaan terkait tanaman produktif utama,           of primary bearer plants, such as oil palm and other business
yaitu kelapa sawit dan aktivitas usaha lainnya yang berkaitan dengan     activities relating to processing of the produce into finished goods,
pengolahan hasil perkebunan menjadi barang jadi, dan aktivitas           and the related marketing and selling activities.
pemasaran dan penjualan terkait.

Segmen perkebunan dijalankan oleh Perseroan dan entitas anaknya,         The plantation segment is operated by the Company and its
yaitu PT Mitra Mendawai Sejati (“MMS”), PT Kalimantan Sawit Abadi        subsidiaries, namely PT Mitra Mendawai Sejati (“MMS”), PT Kalimantan
(“KSA”), PT Sawit Multi Utama (“SMU”), PT Tanjung Sawit Abadi (“TSA”),   Sawit Abadi (“KSA”), PT Sawit Multi Utama (“SMU”), PT Tanjung Sawit
PT Mirza Pratama Putra (“MPP”), PT Menteng Kencana Mas (“MKM”),          Abadi (“TSA”), PT Mirza Pratama Putra (“MPP”), PT Menteng Kencana
and PT Sawit Mandiri Lestari (“SML”).                                    Mas (“MKM”), and PT Sawit Mandiri Lestari (“SML”).

Sejak beroperasi secara komersial pada tahun 2005, Perseroan dan         Since its commercial operation in 2005, the Company and its
anak perusahaannya fokus mengembangkan usaha perkebunan                  subsidiaries have focused on developing palm oil plantations and
kelapa sawit dan pabrik kelapa sawit. Perseroan senantiasa               palm oil mills. The Company always encourages product innovation
mendorong inovasi produknya yaitu berupa:                                to produce a variety of products, in the form of:

1. Tandan Buah Segar (Fresh Fruit Bunch);                                1. Fresh Fruit Bunch;
   TBS merupakan hasil utama perkebunan kelapa sawit. Perseroan             FFB is the main product of oil palm plantations. The Company
   mengolah seluruh TBS yang diproduksi dari perkebunan kelapa              processes all of the FFB produced from the Company’s oil
   sawit Perseroan di Pabrik Kelapa Sawit (PKS). Perseroan juga             palm plantations in the Palm Oil mills (PKS). The Company also
   mengolah TBS yang dibeli dari perkebunan milik petani setempat           processes FFB purchased from plantations owned by local
   yang dekat dengan PKS, untuk memenuhi kapasitas PKS                      farmers close to the PKS to fulfil the capacity of the Company’s
   Perseroan dan menyejahterakan petani sekitar.                            PKS and improve the welfare of local farmers.




                                                                                                        PT Sawit Sumbermas Sarana Tbk     71
Page 72
2. Minyak Kelapa Sawit (Crude Palm Oil);                              2. Crude Palm Oil;
   Produk utama Perseroan adalah Minyak Kelapa Sawit atau Crude          The Company’s primary product is Crude Palm Oil (CPO). The
   Palm Oil (CPO). Perseroan merupakan salah satu produsen CPO           Company is one of the largest private CPO producers in Central
   swasta terbesar di provinsi Kalimantan Tengah, Indonesia.             Kalimantan, Indonesia. The Company produces CPO from TBS,
   Perseroan memproduksi CPO dari TBS yang dihasilkan dari 23            which is produced from 23 palm plantations through 8 (eight)
   kebun kelapa sawit melalui 8 (delapan) PKS yang semua terletak        PKS located within palm oil plantations. CPO is produced by
   di area operasional Perkebunan Perseroan. CPO diekstraksi dari        processing TBS harvested from the Company’s oil palm trees.
   mesocarp yang dipisahkan dari buah kelapa sawit.                      CPO is extracted from the mesocarp separated from the oil
                                                                         palm fruit.

3. Inti Sawit (Palm Kernel)                                           3. Palm Kernel
   Pada waktu proses CPO, Perseroan juga memperoleh PK yang              When producing CPO, the Company also obtained PK originating
   berasal dari biji kelapa sawit yang dikumpulkan pada saat proses      from the collected palm seeds during processing times. Then,
   pengolahan. PK kemudian akan diekstrak menjadi minyak inti            the PK will be extracted into Palm Kernel Oil (PKO).
   sawit atau Palm Kernel Oil (PKO).

4. Minyak Inti Sawit                                                  4. Palm Oil Kernel
   Perseroan memiliki kemampuan untuk memproduksi PKO yang               The Company can produce PKO, which is extracted from the
   diekstrak dari biji kelapa sawit atau inti sawit.                     Company’s palm kernel oil seeds or KCP palm kernel.




Segmen Minyak Nabati                                                  Edible Oil Segment
Segmen minyak nabati memproduksi, memasarkan dan menjual              The edible oil segment produces, markets and sells edible oil and
minyak nabati dan produk terkait lainnya. Segmen minyak nabati        other related products. Edible oil segment is conducted by the
dijalankan oleh anak perusahaan yaitu PT Citra Borneo Utama Tbk       Company’s subsidiary, namely PT Citra Borneo Utama Tbk (“CBUT”)
(“CBUT”) yang menghasilkan produk-produk berikut:                     which produces the following products:

1. RBDPO (Refined Bleached Deodorized Palm Oil)                        1. RBDPO (Refined Bleached Deodorized Palm Oil)
   RBDPO merupakan Minyak Kelapa Sawit yang telah mengalami              RBDPO is a CPO (Crude Palm Oil) that has undergone a bleaching
   proses pemutihan, penghilangan asam lemak bebas dan aroma             process, removal of free fatty acids and unpleasant odor. RBDPO
   tidak sedap. RBDPO kemudian dapat diolah menjadi produk               can then be processed into Olein and Stearin products.
   Olein dan Stearin.




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                                                                                                                    Profil Perusahaan
                                                                                                                     Company Profile




2. RBDP Olein (Refined Bleached Deodorized Palm Olein)                  2. RBDP Olein (Refined Bleached Deodorized Palm Olein)
   Olein adalah fraksi cair yang diperoleh darI proses fraksinasi         Olein is the liquid fraction obtained by the RBDPO fractionation
   RBDPO setelah kristalisasi pada suhu terkontrol. Olein memiliki        process after crystallization at controlled temperatures. Olein
   ketahanan oksidasi yang baik dan umur simpan yang lama. Cairan         has good oxidation resistance and long validation period. This
   berwarna keemasan bening ini tidak memiliki rasa maupun                clear golden liquid is in fact tasteless and odorless. Olein is also
   aroma. Olein juga merupakan produk akhir minyak goreng.                the end product of cooking oil.

3. RBDPS (Refined Bleached Deodorized Palm Stearin)                     3. RBDPS (Refined Bleached Deodorized Palm Stearin)
   Stearin adalah fraksi padat yang diperoleh dari proses fraksinasi      Stearin is a solid fraction obtained by the RBDPO fractionation
   RBDPO setelah kristalisasi pada suhu terkontrol. Stearin               process after crystallization at controlled temperatures. Stearin
   digunakan untuk komponen lemak padat alami bagi produk-                is used as the natural solid fat component for products, such
   produk seperti shortening, margarin dan mie instan.                    as shortening, margarine and instant noodles.

4. PFAD (Palm Fatty Acid Distillate)                                   4. PFAD (Palm Fatty Acid Distillate)
   PFAD merupakan produk sampingan dari proses pemurnian                  PFAD is a by-product of the CPO refinery process. The
   (refinery) CPO. Komponen terbesar dalam PFAD adalah asam                largest components in PFAD are free fatty acids, carotenoid
   lemak bebas, komponen karotenoid, dan senyawa volatil lainnya.         components, and other volatile compounds. PFAD is a scented
   PFAD merupakan produk yang memiliki aroma harum dan dapat              product and can be used as a raw material for producing
   digunakan sebagai bahan baku oleokimia, biofuel, dan sabun             oleochemicals, biofuels, and calcium soap.
   kalsium.

5. CPKO (Crude Palm Kernel Oil)                                        5. CPKO (Crude Palm Kernel Oil)
   CPKO diperoleh dari inti buah kelapa sawit (PK) dan diproduksi         CPKO is obtained from palm kernels (PK) and produced by
   dengan ekstraksi mekanis dari kernel yang dikeringkan di pabrik        mechanical extraction of kernels dried in palm oil mills through
   kelapa sawit melalui proses vakum parsial dengan asam lemak            a partial vacuum process with free fatty acids from crude oil
   bebas dari minyak mentah.                                              generally below 2%. CPKO can be used as a final product to
                                                                          replace Cocoa Butter.

6. PKE (Palm Kernel Expeller)                                          6. PKE (Palm Kernel Expeller)
   PKE merupakan salah satu produk samping yang dihasilkan dari           PKE is one of the by-products produced from the process of
   proses penghancuran dan penyerapan minyak dari inti sawit. PKE         crushing and absorbing oil from palm kernels. PKE is a powder
   berbentuk serbuk seperti tanah dan banyak digunakan sebagai            like soil and is widely used as animal feed because it contains
   pakan ternak karena mengandung protein kasar tingkat tinggi.           high level of crude protein.




                                                                                                      PT Sawit Sumbermas Sarana Tbk      73
Page 74
Wilayah Operasional
Operational Area
Hingga akhir tahun 2025, wilayah operasional Perseroan seluruhnya                          By the end of 2025, the Company’s operating areas will be entirely
berada di Kalimantan Tengah, sebagaimana dijelaskan dalam peta                             located in Central Kalimantan, as explained in the following map of
wilayah operasi Perseroan berikut.                                                         the Company’s operating areas.




                                                  3

                                        Singapura
                                        Singapore




                                                      Kalimantan Tengah
                                                      Central Kalimantan
              2      12




  Total Luas Lahan Dikelola        Perkebunan Inti             Perkebunan Plasma            Luas Lahan Ditanami               Perkebunan Inti            Perkebunan Plasma
  (Inti Dan Plasma)               Total Managed Area             Plasma Estate              Kelapa Sawit Belum                Nucleus Estate               Plasma Estate
  Total Managed Area             (Nucleus and Plasma)                                       Menghasilkan (Immature)
  (Nucleus and Plasma)                                                                      Immature Area

  136.447                            77.314                       17.500                    1.221                                  597                         624
  Hektare/Hectares                Hektare/Hectares              Hektare/Hectares            Hektare/Hectares                 Hektare/Hectares             Hektare/Hectares


  Luas Lahan Ditanami              Perkebunan Inti             Perkebunan Plasma            Luas Lahan Lain-lain              Perkebunan Inti            Perkebunan Plasma
  Kelapa Sawit                    Total Managed Area             Plasma Estate              Other Area                        Nucleus Estate               Plasma Estate
  Menghasilkan (Mature)          (Nucleus and Plasma)
  Mature Area

  93.726                             77.314                       17.500                    41.500                             26.844                       14.656
  Hektare/Hectares                Hektare/Hectares              Hektare/Hectares            Hektare/Hectares                 Hektare/Hectares             Hektare/Hectares


     Perkebunan Inti               Perkebunan Inti              Perkebunan Plasma           Jumlah Pabrik Kelapa        Pabrik Kelapa Sawit (PKS)     Pabrik Kelapa Sawit (PKS)
    Bersertifikat RSPO             Bersertifikat ISPO              Bersertifikat ISPO              Sawit (PKS)                Bersertifikat RSPO             Bersertifikat ISPO
  RSPO Certified Nucleus         ISPO Certified Nucleus       ISPO Certified Plasma Estate     Number of Palm Oil Mill     RSPO Certified Palm Oil Mill   ISPO Certified Palm Oil Mill
         Estates                       Estate                                                      (POM)                          (POM)                         (POM)


       51.813,84                   45.733,85                       1.441,88                          10                             8                             8
      Hektare/Hectares            Hektare/Hectares               Hektare/Hectares                 PKS | POM                     PKS | POM                     PKS | POM


   Luas Lahan Pekebun             Luas Lahan Pekebun             Luas Lahan Pekebun         Luas Lahan Perseroan        Potensi Minyak dalam TBS          Total Kapasitas
  Swadaya (Independent        Swadaya Bersertifikat ISPO     Swadaya Bersertifikat RSPO       Memperoleh Hak Guna            Fat Content in FFB         Pengolahan Kelapa Sawit
        Smallholder)          (Independent Smallholder)      (Independent Smallholder)          Usaha (HGU)
 Total Area of Independent    Total Area of ISPO Certified   Total Area of RSPO Certified   Land with Cultivation Right
        Smallholders           Independent Smallholders       Independent Smallholders

       3.745,71                     1.628,49                      3.745,71                       68.658                          4,86                           675
      Hektare/Hectares            Hektare/Hectares               Hektare/Hectares             Hektare/Hectares                   Ton/Ha                         MT/Ha



    Pabrik Biogas                Pabrik Bio-CNG                Pabrik Inti Sawit            Pabrik Pemurnian               Pabrik Fraksinasi          Pabrik Kernel Crushing
    Biogas Plants                 Bio-CNG Plant                Palm Kernel Plant             Refinery Plant                Fractionation Plant          Kernel Crushing Plant

           2
           Unit
                                         1
                                        Unit
                                                                       2
                                                                       Unit
                                                                                                      1
                                                                                                     Unit
                                                                                                                                    1
                                                                                                                                   Unit
                                                                                                                                                                   1
                                                                                                                                                                 Unit




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                                                                                                                   Profil Perusahaan
                                                                                                                    Company Profile




      9                                                           8       11




      6




      10


                                                                                                                           Kantor Pusat
                                                                                                                           Head Office

                                                                                                                           Kantor Perwakilan
                                                                                                                           Representative Office
      7
                                                                                                                           Perkebunan
                                                                                                                           Estate

                                                                                                                           Pabrik
                                                                                                                           Mill
                                                                                                         5
                                                                                                                           Kilang Minyak
                                                                                                                           Refinery

                                                                                                                           CBUT

           1   12   14     15                                         4
                                                                                                                           Pelabuhan
                                                                                                                           Port




No             Tipe/Type                        Rincian/Details                                     Lokasi /Location

Upstream & Midstream - SSMS
                                Kantor Pusat                                   Pangkalan Bun, Kalimantan Tengah
 1   HO
                                Head Office                                      Pangkalan Bun, Central Kalimantan
     Kantor                     Kantor Perwakilan
 2                                                                             SCBD, Jakarta
     Office                       Representative Office
     Kantor                     Kantor Perdagangan                             Singapura
 3
     Office                       Trading Office                                   Singapore
     Perkebunan                 MMS                                            Kotawaringin Barat, Kalimantan Tengah
 4
     Estate                     2 Perkebunan + 3 pabrik/2 estates + 3 mill     West Kotawaringin, Central Kalimantan
     Perkebunan                 MKM                                            Pulau Pisau, Kalimantan Tengah
 5
     Estate                     3 perkebunan + pabrik /3 estates + mill        Pulang Pisau, Central Kalimantan
     Perkebunan                 MPP                                            Lamandau, Kalimantan Tengah
 6
     Estate                     1 perkebunan + pabrik /1 estates + mill        Lamandau, Central Kalimantan
     Perkebunan                 KSA                                            Kotawaringin Barat, Kalimantan Tengah
 7
     Estate                     2 perkebunan + pabrik/2 estates + mill         West Kotawaringin, Central Kalimantan
     Perkebunan                 TSA                                            Lamandau, Kalimantan Tengah
 8
     Estate                     3 perkebunan + pabrik/3 estates + mill         Lamandau, Central Kalimantan
     Perkebunan                 SMU                                            Lamandau, Kalimantan Tengah
 9
     Estate                     5 perkebunan + pabrik/5 estates + mill         Lamandau, Central Kalimantan
     Perkebunan                 SSMS                                           Kotawaringin Barat, Kalimantan Tengah
10
     Estate                     7 perkebunan + 2 pabrik/7 estates + 2 mill     West Kotawaringin, Central Kalimantan
     Perkebunan                 SML                                            Lamandau, Kalimantan Tengah
11
     Estate                     6 perkebunan + 2 pabrik/6 estates + 2 mill     Lamandau, Central Kalimantan

Downstream - CBUT
                                Kantor Pusat                                   Pangkalan Bun, Kalimantan Tengah
12   HO
                                Head Office                                      Pangkalan Bun, Central Kalimantan
     Kantor                     Kantor Perwakilan
13                                                                             SCBD, Jakarta
     Office                       Representative Office
     Pabrik                     Kilang Minyak                                  Pangkalan Bun, Kalimantan Tengah
14
     Plant                      Refinery                                        Pangkalan Bun, Central Kalimantan
     Pabrik                     Pabrik Fraksinasi                              Pangkalan Bun, Kalimantan Tengah
15
     Plant                      Fractionation Plant                            Pangkalan Bun, Central Kalimantan


                                                                                                     PT Sawit Sumbermas Sarana Tbk         75
Page 76
Lahan Kelapa Sawit yang Telah Memperoleh HGU
Land with Cultivation Rights
                 Luas Lahan
 Entitas           (Hektar)                                     Lokasi                                                      Masa Berlaku
  Entity             Area                                      Location                                                     Validity Period
                  (Hectares)

                                 Arut Utara, Kabupaten Kotawaringin Barat                                    24 September 2039 dan 24 September 2042
  SSMS            16.984,83
                                 North Arut, West Kotawaringin Regency                                       September 24, 2039 and September 24, 2042

                                 Natai Baru, Rungun, Kabupaten Kotawaringin Barat                            24 September 2042
     KSA           5.727,29
                                 Natai Baru, Rungun, West Kotawaringin Regency                               September 24, 2042

                                 Umpang, Runtu, Kabupaten Kotawaringin Barat                                 24 September 2042 dan 19 Juli 2057
   MMS            10.036,14
                                 Umpang, Runtu, West Kotawaringin Regency                                    September 24, 2042 and July 19, 2057

                                 Nanga Koring, Sungkup, Melata, Nanuah, Topalan, Kabupaten Lamandau          29 Mei 2052
     TSA           6.412,21
                                 Nanga Koring, Sungkup, Melata, Nanuah, Topalan, Lamandau Regency            May 29, 2052

                                 Pedongatan, Nanga Koring, Toka Sepondam, Merambang, Batu Tunggal,           29 Mei 2052
   SMU             8.959,97
                                 Kabupaten Lamandau                                                          May 29, 2052

                                 Pulang Pisau                                                                21 September 2053
   MKM             2.634,98
                                 Pulang Pisau                                                                September 21, 2053

                                 Lamandau                                                                    9 September 2056
     MPP           3.416,99
                                 Lamandau                                                                    September 9, 2056

                                 Desa Batu Tambun, Kec. Batang Kawa. Desa Riam Panahan, Kec. Delang          9 Agustus 2052
     SML           9.414,50      dan Sungai Tuat, Desa Tanjung Beringin, Desa Karang Taba, Desa Penopa,      August 9, 2052
                                 Desa Suja serta Desa Tapin Bini, Kec. Lamandau, Kab. Lamandau

Fasilitas Pabrik
Plant Facilities
                               Nama                                  Tahun Berdiri                              Kapasitas Produksi
                               Name                              Year of Establishment                          Production Capacity
Pabrik Kelapa Sawit (PKS) /Palm Oil Mill (POM)

PKS Selangkun                                                               2013                                60 ton/jam/tons/hour

PKS Malata                                                                  2013                                60 ton/jam/tons/hour

PKS Nanga Kiu                                                               2015                                70 ton/jam/tons/hour

PKS Sulung                                                                  2016                                90 ton/jam/tons/hour

PKS Natai Baru                                                              2009                                60 ton/jam/tons/hour

PKS Suayap                                                                  2011                                60 ton/jam/tons/hour

PKS Sumber Cahaya                                                           2019                                60 ton/jam/tons/hour

PKS Kanamit                                                                 2019                                75 ton/jam/tons/hour

PKS SUJA                                                                    2020                                75 ton/jam/tons/hour

PKS Sungai Kuning                                                           2021                                60 ton/jam/tons/hour

Pabrik Inti Sawit/Palm Kernel Mill

KCP Suayap                                                                  2011                                10 ton/jam/tons/hour

Pabrik Biogas/Biogas Plants
Pabrik Biogas Suayap                                                        2018                                        1,5 MW
Suayap Biogas Plant
Pabrik Biogas Natai Baru                                                    2023                                        1,5 MW
Natai Baru Biogas Plant
Pabrik Bio-CNG Natai Baru                                                   2023                                 4.800 Nm3/hari/day
Natai Baru Bio-CNG Plant
Pabrik Pemurnian                                                                                      2.500 MT/hari atau 850.000 MT/tahun
Refinery Plant                                                                                            2,500 MT/day or 850,000 MT/year
Pabrik Fraksinasi                                                                                     2.500 MT/hari atau 850.000 MT/tahun
Fractionation Plant                                                                                      2,500 MT/day or 850,000 MT/year
Pabrik Kernel Crushing                                                                                    600 MT/hari atau 192.000 MT/tahun
Kernel Crushing Plant                                                                                        600 MT/day or 192,000 MT/year


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                                                                                                       Profil Perusahaan
                                                                                                        Company Profile




                                                                    Keanggotaan Asosiasi
                                                                          Association Membership
Per 31 Desember 2025, Perseroan tercatat mengikuti asosiasi/   As of 31 December 2025, the Company was registered as a member
organisasi sebagai berikut:                                    of the following associations/organizations:


                                  Nama Organisasi                                       Sifat Keanggotaan
                                 Organization Name                                     Nature of Membership

                                                                                            Anggota Biasa
 PERMI (Perhimpunan Mikrobiologi Indonesia)
                                                                                           Regular Member

                                                                                            Anggota Biasa
 Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)
                                                                                           Regular Member

                                                                                        Pendamping Asosiasi/
 Asosiasi Petani Kelapa Sawit Mandiri (APKSM)
                                                                                        Associate Companion

                                                                                            Anggota Biasa
 Roundtable Sustainable Palm Oil (RSPO)
                                                                                           Regular Member

                                                                                            Anggota Biasa
 Indonesian Sustainable Palm Oil (ISPO)
                                                                                           Regular Member

                                                                                            Anggota Biasa
 Filantropi
                                                                                           Regular Member

 Task Force (Substantif) RSPO dari Indonesia Growers                                        Anggota Biasa
 Task Force (Substantif) RSPO from Indonesia Growers                                       Regular Member




                                                                                          PT Sawit Sumbermas Sarana Tbk   77
Page 78
     Struktur Organisasi
     Organizational Structure
     Perseroan menyusun struktur organisasi dengan memperhatikan                                The Company has developed its organizational structure by
     perkembangan bisnis dan kebutuhan organisasi di masa depan.                                considering future business development and organizational
     Dewan Komisaris dan Direksi telah mengkaji serta menyetujui                                needs. The Board of Commissioners and the Board of Directors have
     Struktur Organisasi Perseroan                                                              reviewed and approved the Company’s Organizational Structure as




                                                                                                                                                             Komite Audit

                                                                                                                                                           Audit Committee




                                                                             Direktur Keberlanjutan                       Direktur Keuangan                 Direktur Operational
                                                                            Chief Sustainability Officer                   Chief Financial Officer             Chief Operational Officer

                                                                                Henky Satrio Wibowo                      Jahja Tanudjaja Adelai                Akhmad Faisyal




                         Sekretaris           Penasehat Perkebunan
Audit Internal                                                       Keberlanjutan         Legal & Perizinan   Keuangan Perusahan     Pajak                 Sosial & Kemitraan
                         Perusahaan & Legal   Plantation Advisor
Internal Audit                                                       Sustainability        Legal & License     Corporate Finance      Tax                   Social & Partnership
                         Corporate
Pambudi Raharja          Secretary & Legal    • Yasin Suhartono      Andri                 Johan Gunawan       Arie Raymond           Sukardi A. Karim      Bobby Lawi
                                              • Kartua Situmorang    Najiburrahman                             Pardosi
                         Deni Agustinus
                                              • Devadas K.P
                         Damayanto
                                                Sankaran Nair
                                              • Sethupathy
                                                Ponniah
                                              • Ahmad Tarmizi
                                              • Marihot Simamora
                                              • TBA

Audit Internal                                                                                                 Hubungan               Penjamin Risiko
Internal Audit                                                                                                 Pemerintah &           Perusahaan            Manajemen Armada
                                                                                                               Perbankan              Corporate Risk        Fleet Management
• Anjar Widiarso                                                                                               Government &           Assurance
                                                                                                                                                            Dison Tarigan
• Amad Taufiq                                                                                                   Banking Relation
• Besar Ardhi                                                                                                                         Abner Herdian P.
  Nugraha                                                                                                      Sunggu Situmorang      Putra



                                                                                                                                      Pengawas Keuangan
                                                                                                               Pengawas Anggaran
                                                                                                                                      Finance Controller
                                                                                                               Budget Control

                                                                                                               Winarno                Adrianus Herianto
                                                                                                                                      Kaban




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                                                                                                                                                         Profil Perusahaan
                                                                                                                                                          Company Profile




  Rapat Umum Pemegang Saham (RUPS)

   General Meeting of Shareholders (GMS)



                  Dewan Komisaris

               Board of Commissioners




                  Direktur Utama
               Chief Executive Officer
                                                                                        Komite Remunerasi & Nominasi
                      Jap Hartono
                                                                                   Remuneration & Nomination Committee




                                       Direktur Pemasaran
                                      Chief Marketing Officer

                                      Roshan C. Valautham

                                                                                                                                         SDM & Pelayanan Perusahaan
                                                                                                                                           HR & Corporate Services

                                                                                                                                            Hendri Ratoe Bachtiar



Teknik Upstream             Pemasaran &           Analisis Pemasaran   Penelitian &                 Manajemen Risiko   Remunerasi                 SDM & Pelayanan        Tanggung Jawab
Engineering                 Penjualan             Market Analyst       Pengembangan                 Risk Management    Perusahaan                 HR & Services          Sosial Perusahaan
Upstream                    Sales & Marketing                          Research &                                      Corporate                                         Corporate Social
                                                  Hadi Permana         Development                  Andi Pranoto       Remuneration               Rachmad Hidayat        Responsibility
M. Join Zulfian              Remington Pon
                                                                       Fizrul Indra Lubis                              Arief Subagyo                                     Abdur Rohman




Divisi Perkebunan &                                                                                                                                          Organisasi, Rekrutmen
Pengendalian Mutu                                                                   Manajemen Rantai                              Medis
                                                                                                                                                             & Pengembangan SDM
Estate Plantation                                                                   Pemasok                                       Medical
                                                                                                                                                             Organization,
Division & Quality                                                                  Supply Chain
                                                                                                                                                             Recruitment, & People
Control                                                                             Management                                    Ferri Apriadi
                                                                                                                                                             Development

Kinan Efran Harahap                                                                 Ernis Desidistrisna
                                                                                                                                                             Hendi Kusuma Atmaja


Perkebunan Regional
                                                                                                                                  SDM & Umum                  Pelatihan &
Regional Plantation
                                                                                                                                  HR & General Affairs        Pengembangan
                                                                                                                                                              Training &
Regional I                                                                                                                        Sulistio Purnomo            Development
Sariyanto
                                                                                                                                                              Arief Wibowo
Regional II
Dedi Kurniawan

Regional III                                                                                                                                      Litigasi & Relasi
Dedi Yusdarly                                                                                                                                     Pemerintah
                                                                                                                                                  Litigation &
Regional IV                                                                                                                                       Government Relation
Asran Bin Sutasmin
                                                                                                                                                  Joko Suhariyanto
Regional V
Jefri Saut Tua
Sormin




                                                                                                                                       PT Sawit Sumbermas Sarana Tbk                 79
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80   Laporan Tahunan 2025 Annual Report
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                                                                                     Profil Perusahaan
                                                                                      Company Profile




                                                    Profil Dewan Komisaris
                                         Profile of Board of Commissioners

    Prof. Dr. Ir. Bungaran Saragih       Hoesen                         Ir. Rimbun Situmorang
1                                    2                              3
    Komisaris Utama                      Komisaris Independen           Komisaris
    President Director                   Independent Commissioner       Director




                    2                                                       2
                                         1




                                                                        PT Sawit Sumbermas Sarana Tbk   81
Page 82
                        Warga Negara Indonesia, berusia 80 tahun, berdomisili di Jakarta, Indonesia.
                            Indonesian Citizen, 80 years old, and domiciled in Jakarta, Indonesia.




     Riwayat Penunjukan           Menjabat Komisaris Utama Perseroan sejak 12 Agustus 2013 berdasarkan Akta Keputusan Rapat
     Appointment History          tanggal 12 Agustus 2013 untuk periode kerja 2013-2018. Beliau diangkat kembali berdasarkan Akta
                                  Keputusan Rapat tanggal 22 Oktober 2018 untuk periode kerja 2018-2023, Kemudian untuk kali ketiga
                                  pada tanggal 5 Desember 2023 untuk periode 2023-2028.
                                  Commissioner since August 12, 2013, based on the Deed of Meeting Resolution dated August 12, 2013,
                                  for the 2013–2018 working period. Then he was reappointed under the Deed of Meeting Resolution
                                  dated October 22, 2018 for the 2018-2023 working period, and reappointed for the third time on
                                  December 5, 2023 for the 2023-2028 working period.

     Periode Jabatan              2023-2028, Periode ke-3
     Term of Office                 Term of Office: 2023-2028, 3rd Period

     Pendidikan                   •   Doktor bidang Philosophy on Economics,          •   Doctor of Philosophy on Economics, North
     Education                        North Carolina State University (1980);             Carolina State University (1980);
                                  •   Magister Ekonomi dengan bidang minor            •   Master of Economics with a minor in
                                      Statistik, Departemen Ekonomi dan Bisnis,           Statistics, Department of Economics and
                                      North Carolina State University (1977); serta       Business, North Carolina State University
                                                                                          (1977); and
                                  •   Sarjana Ekonomi Pertanian, Fakultas             •   Bachelor of Agricultural Economics, Faculty
                                      Pertanian, Institut Pertanian Bogor (1971)          of Agriculture, Institut Pertanian Bogor (1971)

     Riwayat Jabatan              Berkarir selama lebih dari 45 tahun di industri     Having built a career for more than 45 years in the
     Position History             perkebunan kelapa sawit, dan menduduki jabatan      palm oil industry, and he has held various position,
                                  antara lain:                                        including:
                                  • Komisaris Utama PT Pupuk Indonesia (Juni          • President Commissioner of PT Pupuk
                                      2015-Juni 2020).                                    Indonesia (June 2015-June 2020).
                                  • Komisaris PT Rea Kaltim Plantations (2007).       • Commissioner of PT Rea Kaltim Plantations
                                                                                          (2007).
                                  •   Ketua Dewan Pembina Borneo Orangutan            • Chairman of the Board of Trustees of Borneo
                                      Survival Foundation(2006).                          Orangutan Survival Foundation (2006).
                                  •   Penasihat PT Japfa Comfeed Indonesia Tbk        • Advisor of PT Japfa Comfeed Indonesia Tbk
                                      (2006).                                             (2006).




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                                                                                                       Profil Perusahaan
                                                                                                        Company Profile




                                                   Prof. Dr. Ir. Bungaran Saragih
                                                   Komisaris Utama
                                                   President Commissioner




                                 Keahlian: Ilmu Pertanian dan Ekonomi
                                 Expertise: Agriculture and Economics




                         •   Ketua Dewan Gubernur International Fund for    •   Chairman of Governing Council of the
                             Agricultural Development (2002-2004)               International Fund for Agricultural
                                                                                Development (2002-2004)
                         •   Menteri Pertanian RI tahun 2001 – 2004         •   Indonesian Minister of Agriculture for 2001 –
                                                                                2004
                         •   Menteri Pertanian dan Kehutanan RI tahun       •   Menteri Pertanian dan Kehutanan RI tahun
                             2000 - 2001                                        2000 - 2001

Rangkap Jabatan          •   Komisaris Utama PT Palma Serasih Tbk (sejak    •   President Commissioner of PT Palma Serasih
Concurrent Position          2021);                                             Tbk (since 2021;
                         •   Advisor PT East West Seed Indonesia (sejak     •   Advisor of PT East West Seed Indonesia
                             2015);                                             (since 2015);
                         •   Chairman Agribusiness Strategy Policy          •   Chairman of Agribusiness Strategy Policy
                             Institute (sejak 2014); serta                      Institute (since 2014); and
                         •   Chairman Borneo Orang Utan Foundation          •   Chairman of Borneo Orang Utan Foundation
                             (sejak 2008).                                      (since 2008).

Hubungan Afiliasi         Bungaran Saragih tidak memiliki hubungan afiliasi dengan Direksi, Dewan Komisaris dan pemegang
Affiliation Relationship   saham lainnya.
                         Bungaran Saragih has no affiliation with the Board of Directors, the Board of Commissioners, or other
                         shareholders.

Kepemilikan Saham        Hingga akhir tahun 2025, Bungaran Saragih tidak memiliki Saham Perseroan.
Ownership of Shares      By the end of 2025, Bungaran Saragih /did not own shares of the Company




                                                                                         PT Sawit Sumbermas Sarana Tbk     83
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                        Warga Negara Indonesia. berusia 59 tahun, dan berdomisili di Jakarta, Indonesia.
                              Indonesian Citizen, 59 years old, and domiciled in Jakarta, Indonesia.




     Riwayat Penunjukan            Menjabat Komisaris Independen Perseroan untuk pertama kalinya sejak 30 September 2022
     Appointment History           berdasarkan Akta Keputusan Rapat No. 64 tanggal 30 September 2022 untuk periode kerja 2022-2027.
                                   Serving as the Company’s Independent Commissioner for the first time since September 30, 2022,
                                   based on the Deed of Meeting Resolutions No. 64 dated September 30, 2022, for the 2022–2027
                                   working period.

     Periode Jabatan               2022-2027, Periode ke-1
     Term of Office                  2022-2027, 1st Period

     Pendidikan                    •   Magister Manajemen Keuangan, Universitas      •   Master in Financial Management, Universitas
     Education                         Pelita Harapan, Jakarta; serta                    Pelita Harapan, Jakarta; and
                                   •   Sarjana Pertanian, Universitas Padjadjaran    •   Bachelor of Agriculture, Universitas Padjajaran
                                       (1990).                                           (1990).

     Riwayat Jabatan               Berkarir selama lebih dari 30 tahun di industri   Having built a career for more than 30 years
     Position History              keuangan, dan menduduki jabatan antara lain:      in financial industry, and he has held various
                                                                                     position, including:
                                   •   Kepala Eksekutif Pengawas Pasar Modal         • Executive Head of Capital Market Supervisor
                                       merangkap Anggota Dewan Komisioner Pasar          and Board of Commissioners of Capital
                                       Modal Otoritas Jasa Keuangan (2017 – 2022)        Market Member, Financial Services Authority
                                                                                         (2017-2022)
                                   •   Komisaris PT Danareksa Capital (2015-2017)    • Commissioner of PT Danareksa Capital
                                                                                         (2015-2017)
                                   •   Komisaris PT Danareksa Investment             • Commissioner of PT Danareksa Investment
                                       Management (2015-2017)                            Management (2015-2017)
                                   •   Direktur PT Danareksa (Persero) (2015 – 2017) • Director of PT Danareksa (Persero) (2015 –
                                                                                         2017)
                                   •   Direktur Penilaian Perusahaan di PT Bursa     • Director of Corporate Valuation in PT Bursa
                                       Efek Indonesia (2012-2015)                        Efek Indonesia (2012-2015)
                                   •   Direktur Utama PT Kliring Penjaminan Efek     • President Director of PT Kliring Penjaminan
                                       Indonesia (2009-2012)                             Efek Indonesia (2009-2012)
                                   •   Direktur PT Kliring Penjaminan Efek Indonesia • Director of PT Kliring Penjaminan Efek
                                       (2006-2009)                                       Indonesia (2006-2009)



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                                                                                                   Profil Perusahaan
                                                                                                    Company Profile




                                                                              Hoesen
                                                                              Komisaris Independen
                                                                              Independent Commissioner




                                Keahlian: Ilmu Pertanian dan Ekonomi
                                Expertise: Agriculture and Economics




Rangkap Jabatan          •   Komisaris Independen PT Samudera             •   Independent Commissioner of PT Samudera
Concurrent Position          Indonesia Tbk (sejak 2023)                       Indonesia Tbk (since 2023)
                         •   Komisaris Utama merangkap Komisaris          •   President Commissioner, Independent
                             Independen dan Anggota Komite Audit PT           Commissioner, and Audit Committee Member
                             Mandiri Sekuritas (sejak 2023)                   of PT Mandiri Sekuritas (since 2023)
                         •   Komisaris Utama PT Kliring Penjaminan Efek   •   President Commissioner of PT Kliring
                             Indonesia (sejak 2023)                           Penjaminan Efek Indonesia (since 2023)

Hubungan Afiliasi         Hoesen tidak memiliki hubungan afiliasi dengan Direksi, Dewan Komisaris dan pemegang saham
Affiliation Relationship   lainnya.
                         Hoesen has no affiliation with the Board of Directors, the Board of Commissioners, or other
                         shareholders..

Kepemilikan Saham        Pada tahun 2025, Hoesen tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Hoesen did not own shares of the Company.




                                                                                      PT Sawit Sumbermas Sarana Tbk   85
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     Warga Negara Indonesia, berusia 58 tahun, dan berdomisili di Pangkalan Bun, Kalimantan Tengah, Indonesia.
           Indonesian Citizen, 58 years old, and domiciled in Pangkalan Bun, Central Kalimantan, Indonesia.




     Riwayat Penunjukan           Rimbun Situmorang ditunjuk sebagai Komisaris Perseroan untuk pertama kalinya berdasarkan Akta
     Appointment History          Keputusan Rapat No. 22 tanggal 31 Agustus 2016 untuk periode kerja 2016-2021. Beliau diangkat kembali
                                  berdasarkan Akta Keputusan Rapat No. 55 tanggal 28 Mei 2021 untuk periode kerja 2021-2026.
                                  Rimbun Situmorang was appointed as the Company’s Commissioner for the first time based on the Deed
                                  of Meeting Resolutions No. 22 dated August 31, 2016, for the 2016–2021 working period. Then he was
                                  reappointed under the Deed of Meeting Resolutions No. 55 dated May 28, 2021, for the 2021–2026 working
                                  period.

     Periode Jabatan              2021-2026, Periode ke-2
     Term of Office                 2021-2026, 2nd Period

     Pendidikan                   •   Magister Manajemen, Sekolah Tinggi PPM              •   Master of Management, Sekolah Tinggi PPM
     Education                        Manajemen; serta                                        Manajemen; and
                                  •   Sarjana Teknik, Institut Teknologi Tumpal           •   Bachelor of Engineering, Institut Teknologi Tumpal
                                      Dorianus Pardede (1989).                                Dorianus Pardede (1989).

     Riwayat Jabatan              Berkarir selama lebih dari 30 tahun di industri         Having built a career for more than 30 years in palm oil
     Position History             perkebunan kelapa sawit, dan menduduki jabatan          industry, and he has held various position, including:
                                  antara lain:
                                  • Direktur PT Pesona Citra Propertindo (2019-2023)      • Director of PT Pesona Citra Propertindo (2019-2023)
                                  • Direktur Utama PT Citra Kencana Mas Abadi (2017-      • President Director of PT Citra Kencana Mas Abadi
                                    2022)                                                   (2017-2022)
                                  • Direktur Utama PT Citra Borneo Chemical (2016-        • President Director of PT Citra Borneo Chemical
                                    2022)                                                   (2016-2022)
                                  • Komisaris Utama PT Citra Borneo Utama (2013-2022)     • President Commissioner of PT Citra Borneo Utama
                                                                                            (2013-2022)
                                  • Direktur Utama PT Surya Borneo Industri (2013-2021)   • President Director of PT Surya Borneo Industri
                                                                                            (2013-2021)
                                  • Direktur Utama PT Sawit Sumbermas Sarana              • President Director of PT Sawit Sumbermas Sarana
                                    (2013-2016)                                             (2013-2016)
                                  • Direktur Utama PT Citra Borneo Indah (2011-2022)      • President Director of PT Citra Borneo Indah (2011-2022)
                                  • Komisaris Utama PT Pelayaran Senggora (2011-2017)     • President Commissioner of PT Pelayaran Senggora
                                                                                            (2011-2017)
                                  • Komisaris Utama PT Kalimantan Sawit Abadi (2011-      • President Commissioner of PT Kalimantan Sawit
                                    2013)                                                   Abadi (2011-2013)




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Page 87
                                                                                                        Profil Perusahaan
                                                                                                         Company Profile




                                                                     Ir. Rimbun Situmorang
                                                                     Komisaris
                                                                     Commissioner




                                 Keahlian: Ilmu Pertanian dan Ekonomi
                                 Expertise: Agriculture and Economics




                         • Direktur PT Ahmad Saleh Perkasa (2009-2011)       • Director of PT Ahmad Saleh Perkasa (2009-2011)
                         • Komisaris PT Sawit Multi Utama (2009-2011)        • Commissioner of PT Sawit Multi Utama (2009-2011)
                         • Direktur Utama PT Tanjung Sawit Abadi (2005-2011) • President Director of PT Tanjung Sawit Abadi
                                                                               (2005-2011)
                         • Direktur PT Sawit Mandiri Lestari (2005-2007)     • Director of PT Sawit Mandiri Lestari (2005-2007)
                         • Direktur PT Sawit Multi Utama (2005-2007)         • Director of PT Sawit Multi Utama (2005-2007)
                         • Direktur PT Citra Borneo Indah (2005-2007)        • Director of PT Citra Borneo Indah (2005-2007)
                         • Direktur PT Kalimantan Sawit Abadi (2005-2007)    • Director of PT Kalimantan Sawit Abadi (2005-2007)
                         • Direktur PT Sawit Sumbermas Sarana (2005-2007) • Director of PT Sawit Sumbermas Sarana (2005-2007)
                         • Direktur PT Tanjung Sawit Abadi (2005-2007)       • Director of PT Tanjung Sawit Abadi (2005-2007)
                         • Direktur PT Mitra Mendawai Sejati (2005-2007)     • Director of PT Mitra Mendawai Sejati (2005-2007)
                         • Direktur Utama PT Tanjung Sawit Abadi (2003-2005) • President Director of PT Tanjung Sawit Abadi
                                                                               (2003-2005)
                         • Komisaris PT Citra Borneo Indah (2000-2003)       • Commissioner of PT Citra Borneo Indah (2000-2003)

Rangkap Jabatan          •   Direktur PT Pelayaran Lingga Marintama; serta   •   Director of PT Pelayaran Lingga Marintama; and
Concurrent Position      •   Komisaris Utama PT BPR Lingga Sejahtera.        •   President Commissioner of PT BPR Lingga
                                                                                 Sejahtera.

Hubungan Afiliasi         Rimbun Situmorang tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, dan pemegang
Affiliation Relationship   saham lainnya.
                         Rimbun Situmorang has no affiliation with the Board of Commissioners, Board of Directors, or other
                         shareholders.

Kepemilikan Saham        Pada tahun 2025, Rimbun Situmorang tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Rimbun Situmorang did not own shares of the Company.




                                                                                           PT Sawit Sumbermas Sarana Tbk    87
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PERUBAHAN KOMPOSISI                                    CHANGE IN BOARD OF
DEWAN KOMISARIS                                        COMMISSIONERS COMPOSITION

Tidak terdapat perubahan komposisi anggota Dewan       There were no changes in the Board of Commissioners
Komisaris SSMS selama tahun buku 2025 hingga Laporan   composition throughout 2025 until the publication of this
Tahunan ini diterbitkan.                               Annual Report.




 88     Laporan Tahunan 2025 Annual Report
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                                                                                                    Profil Perusahaan
                                                                                                     Company Profile




                                                                                        Profil Direksi
                                                                    Profile of Board of Directors

    Jap Hartono              Akhmad Faisyal       Jahja Tanudjaja       Roshan Chakravarthy          Henky Satrio
1                        2                    3                     4                           5
    Direktur Utama           Direktur             Adelai                Valautham                    Wibowo
    President Director       Director
                                                  Direktur              Direktur                     Direktur
                                                  Director              Director                     Director




      5                                                                       3
                                        2                                                                4

                                                       1




                                                                                       PT Sawit Sumbermas Sarana Tbk   89
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 Warga Negara Indonesia, berusia 54 tahun, dan untuk sementara bertempat tinggal di Pangkalan Bun, Kalimantan Tengah, Indonesia.
             Indonesian Citizen, 54 years old, and temporarily domiciled in Pangkalan Bun, Central Kalimantan, Indonesia.




     Riwayat Penunjukan            Jap Hartono menjabat sebagai Direktur Utama Perseroan untuk pertama kalinya berdasarkan Akta
     Legal Basis of Appointment    Keputusan Rapat No. 62 tanggal 25 April 2024 untuk periode kerja 2024-2029.
                                   Jap Hartono has served as Director of the Company for the first time based on the Deed of Meeting
                                   Resolutions No. 62 dated April 25, 2024, for the 2024–2029 working period.

     Periode Jabatan               2024-2029, Periode ke-1
     Term of Office                  2024-2029, 1st Period

     Tugas dan Tanggung Jawab      Bertanggung jawab atas seluruh aktivitas Perusahaan dan berperan sebagai koordinator atas seluruh
     Duties and Responsibilities   pelaksanaan fungsi, tugas dan tanggung jawab di jajaran Direksi.
                                   Responsible for all Company activities and coordinates all implementation of functions, duties, and
                                   responsibilities of the Board of Directors.

     Pendidikan                    •   Master of Business Administration, Boston      •   Master of Business Administration, Boston
     Education                         University, USA (1995); serta                      University, USA (1995); and
                                   •   Sarjana bidang Administrasi Bisnis, Finance    •   Bachelor of Business Administration, Finance
                                       College of Business Administration, The            College of Business Administration, The
                                       University of Texas AT Austin, USA (1992).         University of Texas AT Austin, USA (1992).




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                                                                                                      Profil Perusahaan
                                                                                                       Company Profile




                                                                                      Jap Hartono
                                                                                      Direktur Utama
                                                                                      President Director




                              Keahlian: Administrasi Bisnis dan Keuangan
                             Expertise: Business Administration and Finance




Riwayat Jabatan          •   Direktur Keuangan PT Sawit Sumbermas           •   Chief Financial Officer PT Sawit Sumbermas
Position History             Sarana Tbk (2021-2024).                            Sarana Tbk (2021-2024).
                         •   Direktur Keuangan di PT Kencana Agri Ltd       •   Chief Financial Officer (CFO) of PT Kencana
                             Indonesia (2017-2019).                             Agri Ltd Indonesia (2017-2019).
                         •   Deputy President Director dan President        •   Deputy President Director and President
                             Director di PT Intan Baruprama Finance Tbk         Director of PT Intan Baruprama Finance Tbk
                             (2012-2017).                                       (2012-2017).
                         •   Direktur di Bank ICB Bumiputera Tbk untuk 2    •   Director of Bank ICB Bumiputera Tbk for 2
                             (dua) periode (2009-2012)                          (two) period (2009-2012)
                         •   Treasure di Raja Garuda Mas Group (2008).      •   Treasure of Raja Garuda Mas Group (2008).
                         •   Direktur di UBS Wealth Management              •   Direktur of UBS Wealth Management
                             Singapore (2006-2008).                             Singapore (2006-2008).
                         •   Vice President di ABN AMRO Indonesia (1999-    •   Vice President of ABN AMRO Indonesia (1999-
                             2006).                                             2006).
                         •   Assistant Banking dan Manager Corporate        •   Assistant Banking and Manager Corporate
                             Banking di American Express Bank Jakarta           Banking at American Express Bank Jakarta
                             (1995-1999).                                       (1995-1999).

Rangkap Jabatan          Hingga akhir tahun 2025, Jap Hartono tidak memiliki rangkap jabatan sebagai Direksi, Dewan
Concurrent Position      Komisaris atau jabatan lainnya di Perusahaan atau Institusi lainnya.
                         By the end of 2025, Jap Hartono did not have concurrent positions as member of Board of Directors,
                         Board of Commissioners, or other positions in other Companies or Institutions.

Hubungan Afiliasi         Jap Hartono tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, dan pemegang saham
Affiliation Relationship   lainnya.
                         Jap Hartono has no affiliation with the Board of Commissioners, the Board of Directors, or other
                         shareholders.

Kepemilikan Saham        Pada tahun 2025 Jap Hartono tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Jap Hartono did not own the Company shares.




                                                                                         PT Sawit Sumbermas Sarana Tbk    91
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            Warga Negara Indonesia, berusia 43 tahun, dan berdomisili di Pangkalan Bun, Kalimantan Tengah, Indonesia.
                  Indonesian Citizen, 43 years old, and domiciled in Pangkalan Bun, Central Kalimantan, Indonesia.




     Riwayat Penunjukan            Akhmad Faisyal menjabat sebagai Direktur Perseroan untuk pertama kalinya berdasarkan Akta
     Appointment History           Keputusan Rapat No. 62 tanggal 25 April 2024 untuk periode kerja 2024-2029.
                                   Akhmad Faisyal held position as Director of the Company for the first time based on the Deed of
                                   Meeting Resolutions No. 62 dated April 25, 2024, for the 2024–2029 working period.

     Periode Jabatan               2024-2029, Periode ke-1
     Term of Office                  2024-2029, 1st Period

     Tugas dan Tanggung Jawab      Bertanggung jawab atas seluruh aktivitas Perseroan dan berperan sebagai koordinator atas seluruh
     Duties and Responsibilities   pelaksanaan fungsi, tugas, dan tanggung jawab operasional Perseroan.
                                   Bertanggung jawab atas seluruh aktivitas Perseroan dan berperan sebagai koordinator atas seluruh
                                   pelaksanaan fungsi, tugas, dan tanggung jawab operasional Perseroan.

     Pendidikan                    •   Magister Hukum, Universitas Islam Sultan       •   Master of Law, Universitas Islam Sultan
     Education                         Agung (2017); serta                                Agung (2017); and
                                   •   Sarjana Teknik Agraria, Universitas            •   Bachelor of Agricultural Engineering,
                                       Diponegoro (2003).                                 Universitas Diponegoro (2003).




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                                                                                                        Profil Perusahaan
                                                                                                         Company Profile




                                                                                  Akhmad Faisyal
                                                                                  Direktur
                                                                                  Director




                                    Keahlian: Teknik Agraria dan Hukum
                             Expertise: Agricultural Engineering and Legal (law).




Riwayat Jabatan          •     Regional Head 1, Regional Head 2 Perseroan     •   Regional Head 1, Regional Head 2 of the
Position History               (2020-2023)                                        Company (2020-2023);
                         •     Group Manager PT Menteng Kencana Mas           •   Group Manager of PT Menteng Kencana Mas
                               (2018-2021)/ Group Manager of PT Menteng           (2018-2021);
                               Kencana Mas (2018-2021);
                         •     Estate Manager PT Tanjung Sawit Abadi          •   Estate Manager of PT Tanjung Sawit Abadi
                               (2015-2018);                                       (2015-2018);
                         •     Asisten Kepala PT Tanjung Sawit Abadi (2010-   •   Head Assistant of PT Tanjung Sawit Abadi
                               2015)                                              (2010-2015);
                         •     Asisten Kebun PT Mitra Mendawai (2007-         •   Estate Assistant of PT Mitra Mendawai (2007-
                               2010); dan                                         2010); and
                         •     Legal Staff Perseroan (2006 - 2007).           •   Legal Staff of the Company (2006-2007).

Rangkap Jabatan          Chief Operating Officer Perseroan (sejak Januari 2024).
Concurrent Position      Chief Operating Officer of the Company (since January 2024).

Hubungan Afiliasi         Akhmad Faisyal tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, dan pemegang
Affiliation Relationship   saham lainnya.
                         Akhmad Faisyal has no affiliation with the Board of Commissioners, the Board of Directors, or other
                         shareholders.

Kepemilikan Saham        Pada tahun 2025, Akhmad Faisyal tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Akhmad Faisyal did not own the Company’s shares.




                                                                                           PT Sawit Sumbermas Sarana Tbk     93
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                       Warga Negara Indonesia, berusia 54 tahun, dan berdomisili di Pangakalanbun, Indonesia.
                              Indonesian Citizen, 54 years old, and domiciled in Pangkalanbun, Indonesia.




     Riwayat Penunjukan            Jahja Tanudjaja Adelai menjabat sebagai Direktur Perseroan untuk pertama kalinya berdasarkan Akta
     Appointment History           Keputusan Rapat No. 88 tanggal 21 April 2025 untuk periode kerja 2025-2030.
                                   Jahja Tanudjaja Adelai held position as Director of the Company for the first time based on the Deed of
                                   Meeting Resolutions No. 88 dated April 21, 2025, for the 2025–2030 working period.

     Periode Jabatan               2025-2030, Periode ke-1
     Term of Office                  2025-2030, 1st Period

     Tugas dan Tanggung Jawab      Bertanggung jawab penuh atas perencanaan keuangan, manajemen risiko, pencatatan data keuangan,
     Duties and Responsibilities   serta pelaporan keuangan Perseroan.
                                   Fully responsible for the Company’s financial planning, risk management, financial record-keeping,
                                   and financial reporting.

     Pendidikan                    •   MBA dari Prasetiya Mulya Business School        •   MBA from Prasetiya Mulya Business School
     Education                     •   Sarjana Ekonomi jurusan Akuntansi dari          •   Bachelor of Economic with major in
                                       Universitas Trisakti                                Accounting from Trisakti University
                                   •   Pemegang gelar Chartered Accountant (CA)        •   Hold Chartered Accountant (CA)




94   Laporan Tahunan 2025 Annual Report
Page 95
                                                                                                        Profil Perusahaan
                                                                                                         Company Profile




                                                                  Jahja Tanudjaja Adelai
                                                                  Direktur
                                                                  Director




                               Keahlian: Profesional di bidang Keuangan
                                  Expertise: Professional in Finance




Riwayat Jabatan          •   Memegang berbagai jabatan di Sinarmas           •   Held several position at Sinarmas
Position History             Agribusiness & Food selama 10 (sepuluh)             Agribusiness & Food for 10 (ten) years with
                             tahun dengan posisi terakhir sebagai Chief          the last position as Chief Financial Officer di
                             Financial Officer di Sinarmas Agribusiness &          Sinarmas Agribusiness & Food;
                             Food;
                         •   Berkarir di industri perbankan dan private      •   Has career in banking industry and private
                             equity selama 8 (delapan) tahun;                    equity for 8 (eight) years;
                         •   Berkarir di PricewaterhouseCoopers selama       •   Has Career in PricewaterhouseCoopers for 12
                             12 (dua belas) tahun.                               (twelve) years.

Rangkap Jabatan          Hingga akhir tahun 2025, beliau tidak memiliki rangkap jabatan sebagai Direksi, Dewan Komisaris atau
Concurrent Position      jabatan lainnya di Perusahaan atau Institusi lainnya.
                         By the end of 2025, he did not have concurrent positions as member of Board of Directors, Board of
                         Commissioners, or other positions in other Companies or Institutions.

Hubungan Afiliasi         Jahja Tanudjaja Adelai tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, dan
Affiliation Relationship   pemegang saham lainnya.
                         Jahja Tanudjaja Adelai has no affiliation with the Board of Commissioners, the Board of Directors, or
                         other shareholders.

Kepemilikan Saham        Pada tahun 2025, Jahja Tanudjaja Adelai tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Jahja Tanudjaja Adelai did not own the Company’s shares.




                                                                                          PT Sawit Sumbermas Sarana Tbk     95
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                           Warga Negara Malaysia, berusia 42 tahun, dan berdomisili di Jakarta, Indonesia.
                                 Malaysian Citizen, 42 years old, and domiciled in Jakarta, Indonesia.




     Riwayat Penunjukan            Roshan Chakravarthy Valautham menjabat sebagai Direktur Perseroan untuk pertama kalinya
     Appointment History           berdasarkan Akta Keputusan Rapat No. 88 tanggal 21 April 2025 untuk periode kerja 2025-2030.
                                   Roshan Chakravarthy Valautham held position as Director of the Company for the first time based on
                                   the Deed of Meeting Resolutions No. 88 dated April 21, 2025, for the 2025–2030 working period.

     Periode Jabatan               2025-2030, Periode ke-1
     Term of Office                  2025-2030, 1st Period

     Tugas dan Tanggung Jawab      Bertanggung jawab atas strategi pemasaran, manajemen merek, penjualan, dan pengalaman
     Duties and Responsibilities   pelanggan serta fokus pada pertumbuhan bisnis Perseroan.
                                   Responsible for marketing strategy, brand management, sales, and customer experience, with a focus
                                   on driving the Company’s business growth.

     Pendidikan                    •   Bachelor of Financial Engineering (Hons) dari   •   Bachelor of Financial Engineering (Hons) from
     Education                         Multimedia University Cyberjaya Campus              Multimedia University Cyberjaya Campus
                                   •   Mendapatkan Lisensi Perwakilan Pasar Modal      •   Obtained Capital Market Services
                                       (Futures Market)                                    Representatives License (Futures Market)
                                   •   Mendapatkan Securities Commission               •   Obtained Securities Commission (Dealers
                                       (Dealers License)                                   License)




96   Laporan Tahunan 2025 Annual Report
Page 97
                                                                                                        Profil Perusahaan
                                                                                                         Company Profile




                                                       Roshan Chakravarthy
                                                       Valautham
                                                       Direktur
                                                       Director




                                   Keahlian: Perdagangan Komoditas
                                     Expertise: Commodity Trading




Pengalaman Kerja         •   Head of Trading at Sime Darby Plantation (2021 – 2023);
Work Experiences         •   Procurement & Destination Sales Manager at Sime Darby Global Trading (2019 – 2020);
                         •   Senior Manager, Trading, South Africa at Sime Darby Plantation – South Africa HNK (2017 – 2019)
                         •   Head of Sourcing (Shea Nuts), Ghana at Wilmar Africa Limited (2016 – 2017)
                         •   Feedstock Procurement Executive, Purchasing Unit at Platinum Energy (2010 – 2011)
                         •   Capital Market Services Representative (Dealer), Futures Market at Am Futures Sdn Bhd (2008 – 2010)

Rangkap Jabatan          Hingga akhir tahun 2025, beliau tidak memiliki rangkap jabatan sebagai Direksi, Dewan Komisaris atau
Concurrent Position      jabatan lainnya di Perusahaan atau Institusi lainnya.
                         By the end of 2025, he did not have concurrent positions as member of Board of Directors, Board of
                         Commissioners, or other positions in other Companies or Institutions.

Hubungan Afiliasi         Roshan Chakravarthy Valautham tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi,
Affiliation Relationship   dan pemegang saham lainnya.
                         Roshan Chakravarthy Valautham has no affiliation with the Board of Commissioners, the Board of
                         Directors, or other shareholders.

Kepemilikan Saham        Pada tahun 2025, Roshan Chakravarthy Valautham tidak memiliki Saham Perseroan.
Ownership of Shares      In 2025, Roshan Chakravarthy Valautham did not own the Company’s shares.




                                                                                           PT Sawit Sumbermas Sarana Tbk    97
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             Warga Negara Indonesia, berusia 51 tahun, dan berdomisili di Pangkalan Bun, Kalimantan Tengah, Indonesia.
                   Indonesian Citizen, 51 years old, and domiciled in Pangkalan Bun, Central Kalimantan, Indonesia.




     Riwayat Penunjukan            Henky Satrio Wibowo menjabat sebagai Direktur Perseroan untuk pertama kalinya berdasarkan Akta
     Appointment History           Keputusan Rapat No. 222 tanggal 30 Oktober 2025 untuk periode kerja 2025-2030.
                                   Henky Satrio Wibowo held position as Director of the Company for the first time based on the Deed of
                                   Meeting Resolutions No. 222 dated October 30, 2025, for the 2025–2030 working period.

     Periode Jabatan               2025-2030, Periode ke-1
     Term of Office                  2025-2030, 1st Period

     Tugas dan Tanggung Jawab      Bertugas merancang, mengawasi, dan memastikan implementasi strategi serta kebijakan ESG
     Duties and Responsibilities   (Lingkungan, Sosial, Tata Kelola) di Perseroan agar operasional Perseroan selaras dengan tujuan
                                   keberlanjutan, serta melaporkannya dalam laporan keberlanjutan. Selain itu, Direktur Keberlanjutan
                                   juga bertugas memantau tren, mengevaluasi kinerja keberlanjutan, dan merekomendasikan
                                   pembaruan strategi agar perusahaan tetap relevan dengan standar nasional dan global.
                                   Responsible for formulating, overseeing, and ensuring the implementation of ESG (Environmental,
                                   Social, and Governance) strategies and policies within the Company to ensure that its operations are
                                   aligned with sustainability objectives, and for reporting such implementation in the sustainability
                                   report. In addition, the Sustainability Director is responsible for monitoring trends, evaluating
                                   sustainability performance, and recommending strategic updates to ensure that the Company
                                   remains aligned with national and global standards.

     Riwayat Pendidikan            •   Magister Manajemen Keberlanjutan dan CSR,       •   Master of Management on Sustainability and
     Educational Background            Universitas Trisakti, Jakarta (2015).               CSR, Trisakti University, Jakarta (2015).

     Pengalaman Kerja              •   Chief Sustainability Officer Citra Borneo Indah Group (CBI Group) (2023 - sekarang)
     Work Experiences              •   Chief Sustainability Officer Citra Borneo Indah Group (CBI Group) (2023 – Present)
                                   •   Head of Sustainability – PT Sawit Sumbermas Sarana Tbk (2021 - 2023)
                                   •   Head of Sustainability – PT Toba Pulp Lestari Tbk (2016 – 2020)




98   Laporan Tahunan 2025 Annual Report
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                                                                                                                 Profil Perusahaan
                                                                                                                  Company Profile




                                                                              Henky Satrio Wibowo
                                                                              Direktur
                                                                              Director




                                           Keahlian: Manajemen Keberlanjutan
                                           Expertise: Sustainability Management




        Rangkap Jabatan            Hingga akhir tahun 2025, beliau tidak memiliki rangkap jabatan sebagai Direksi, Dewan Komisaris atau
        Concurrent Position        jabatan lainnya di Perusahaan atau Institusi lainnya.
                                   By the end of 2025, he did not have concurrent positions as member of Board of Directors, Board of
                                   Commissioners, or other positions in other Companies or Institutions.

        Hubungan Afiliasi           Henky Satrio Wibowo tidak memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi, dan
        Affiliation Relationship     pemegang saham lainnya.
                                   Henky Satrio Wibowo has no affiliation with the Board of Commissioners, the Board of Directors, or
                                   other shareholders.

        Kepemilikan Saham          Pada tahun 2025, Henky Satrio Wibowo tidak memiliki Saham Perseroan.
        Ownership of Shares        In 2025, Henky Satrio Wibowo did not own the Company’s shares.




PERUBAHAN KOMPOSISI DIREKSI                                           CHANGE IN BOARD OF DIRECTORS COMPOSITION

Sepanjang tahun 2025 terdapat 2 (dua) kali perubahan komposisi        Throughout 2025, there were 2 (two) changes in the Company’s Board
Direksi Perseroan, berdasarkan Keputusan RUPS Tahunan No.             of Directors composition, based on the resolutions of the AGMS
88 tanggal 21 April 2025 dan Keputusan RUPS Luar Biasa dan            No. 88 dated April 21, 2025 and the Extraordinary and Independent
Independen No. 222 tanggal 30 Oktober 2025, di mana RUPS              GMS Resolution No. 222 dated October 30, 2025. In these meetings,
menyetujui untuk mengangkat Jahja Tanudjaja Adelai, Roshan            the shareholders approved the appointment of Jahja Tanudjaja
Chakravarthy Valautham, dan Henky Satrio Wibowo sebagai Direktur      Adelai, Roshan Chakravarthy Valautham, and Henky Satrio Wibowo
Perseroan untuk periode 2025-2030.                                    as Directors of the Company for the 2025–2030 period.




                                                                                                   PT Sawit Sumbermas Sarana Tbk      99
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Profil Sumber Daya Manusia
Human Resources Profile




Perseroan tercatat memiliki 20.040 karyawan hingga akhir tahun            It was recorded that by the end of 2025, the Company had 20,040
2025. Berdasarkan total Pekerja tersebut, Pekerja yang berkontribusi      employees. Based on the total number of employees, as many as
di PT Sawit Sumbermas Sarana Tbk sebanyak 4.513 karyawan, Pekerja         4,513 employees contribute to PT Sawit Sumbermas Sarana Tbk,
yang berkontribusi di entitas anak sebanyak 15.527 karyawan. Jumlah       and 15,527 employees contribute to subsidiary entities. This year’s
Pekerja pada tahun ini mengalami peningkatan sebesar 27,11%               number of employees has increased by 27.11% compared to that of
dibandingkan tahun lalu, seiring dengan kebutuhan Perseroan.              last year, in line with the Company’s need. Additionally, the Company
Selain itu, Perseroan juga mempekerjakan tenaga kerja lain di luar        also employs other workers outside the category of permanent
status karyawan tetap.                                                    employees.

Informasi terkait komposisi karyawan dalam 3 (tiga) tahun terakhir        The following provides an overview of the Company’s workforce
disajikan sebagai berikut:                                                composition over the past 3 (three) years:

Komposisi Karyawan Berdasarkan                                            Employee Composition Based on
Unit Bisnis dan Gender                                                    Business Unit and Gender

                                               2025                                 2024                                 2023
           Unit Bisnis
          Business Unit             Pria       Wanita       Jumlah       Pria       Wanita       Jumlah       Pria       Wanita       Jumlah
                                    Male       Female        Total       Male       Female        Total       Male       Female        Total
 Perseroan                            3.268      1.245         4.513       3.107       1.216       4.323        3.399        1.301      4.700
 Perseroan

 Entitas Anak                         11.209      4.318       15.527      8.470        3.164       11.634       9.907       3.227       13.134
 Entitas Anak

 Entitas Asosiasi                          -            -            -          -            -            -          -            -            -
 Entitas Asosiasi

 Jumlah
                                     14.477      5.563       20.040       11.577      4.380        15.957      13.306      4.528        17.834
 Total




 100      Laporan Tahunan 2025 Annual Report
Page 101
                                                                                                                            Profil Perusahaan
                                                                                                                             Company Profile




Komposisi Karyawan Berdasarkan                                         Employee Composition Based on
Wilayah Kerja dan Gender                                               Business Unit and Gender

                                              2025                                2024                                         2023
          Wilayah Kerja
          Operating Area          Pria        Wanita       Jumlah     Pria        Wanita       Jumlah           Pria          Wanita       Jumlah
                                  Male        Female        Total     Male        Female        Total           Male          Female        Total
Pangkalan Bun                        584          138          722       536          124          660              394             102          496

Jakarta                                  34          14         48           30          14         44                 29             13          42

Pabrik Kelapa Sawit                 1.321         170         1.491     1.056          113        1.169            1.070            108         1.178

Perkebunan                         12.536       5.239        17.775     9.955        4.127       14.082            11.813        4.303         16.116

Palangka Raya                             2            2         4            -            2            2               -              2            2

Jumlah
                                   14.477       5.563       20.040     11.577       4.380        15.957           13.306         4.528         17.834
Total


Komposisi Karyawan Berdasarkan                                         Employee Composition Based on
Tingkat Pendidikan dan Gender                                          Education Level and Gender

                                              2025                                2024                                         2023
           Pendidikan
           Education              Pria        Wanita       Jumlah     Pria        Wanita       Jumlah           Pria          Wanita       Jumlah
                                  Male        Female        Total     Male        Female        Total           Male          Female        Total
S2/S3                                    34            8        42           36            9        45                 32             11          43
Master/Doctorate Degree

S1                                   892          461         1.353       671         344         1.015             680            287           967
Bachelor Degree

D1, 2, 3                              176         104          280       160          103          263               153              91         244
Diploma

SMA/Sederajat                       5.321       1.342        6.663     3.930          882         4.812            5.706          1.535         7.241
Senior High School / Equivalent

Di bawah SMA/Sederajat             8.054        3.648        11.702     6.780       3.042        9.822             6.735         2.604         9.339
Under Senior High School /
Equivalent

Jumlah
                                   14.477       5.563       20.040     11.577       4.380        15.957           13.306         4.528         17.834
Total



Komposisi Pegawai Berdasarkan                                          Employee Composition Based
Rentang Usia dan Gender                                                on Age Range and Gender

                                              2025                                2024                                         2023
           Rentang Usia
            Age Range             Pria        Wanita       Jumlah     Pria        Wanita       Jumlah           Pria          Wanita       Jumlah
                                  Male        Female        Total     Male        Female        Total           Male          Female        Total
>55 tahun / years                    136             35        164           98          23        164              397               91         488

45-54 tahun / years                 1.700         740        2.423      1.464         587        2.423             2.197           906          3.103

35-44 tahun / years                3.845         1.694       5.526      3.301        1.440        5.526            3.983          1.475        5.458

25-34 tahun / years                5.643        2.209         7.839    4.255         1.660        7.839            5.050          1.710        6.760

18-24 tahun / years                 3.153         885        4.088     2.459          670        4.088             1.679           346         2.025

Jumlah
                                   14.477       5.563       20.040     11.577       4.380        15.957           13.306         4.528         17.834
Total




                                                                                                            PT Sawit Sumbermas Sarana Tbk        101
Page 102
Komposisi Pegawai Berdasarkan                                                  Employee Composition Based on
Level Jabatan dan Gender                                                       Position Level and Gender

                                                   2025                                        2024                                      2023
         Level Jabatan             Pria           Wanita        Jumlah        Pria            Wanita        Jumlah       Pria           Wanita         Jumlah
                                   Male           Female         Total        Male            Female         Total       Male           Female          Total
Executive Level                           35               3            38           32                3           38           26                3           29

Senior Level                              91               3            94           75                2           94           75                2           77

Mid-Level                              620                123          743       546                  117         743       587                 124           711

Entry Level                          13.731             5.434        19.165    10924                4258        19.165    12.618              4.399        17.017

Jumlah
Total                               14.477              5.563       20.040     11.577               4.380       15.957    13.306              4.528        17.834



Komposisi Pegawai Berdasarkan                                                  Employee Composition Based
Status dan Jenis Kelamin                                                       on Status and Gender

                                                   2025                                        2024                                      2023
              Status               Pria           Wanita        Jumlah        Pria            Wanita        Jumlah       Pria           Wanita         Jumlah
                                   Male           Female         Total        Male            Female         Total       Male           Female          Total
Karyawan Tetap                      12.538              2.727       15.265      9.956               1.328       11.284     11.185              1.091       12.276
Permanent

PKWTT                                  142                 18          160           121               14         135           77                8           85
Fixed Term

Pekerja Harian                        1.797             2.818        4.615      1.500               3.038       4.538     2.044               3.429         5.473
Part-Time

Jumlah
                                    14.477              5.563       20.040     11.577               4.380       15.957
Total                                                                                                                     13.306              4.528        17.834



Komposisi Pegawai Berdasarkan Jenis Kelamin                                    Employee Composition Based on Gender

                                                   2025                                        2024                                      2023
         Jenis Kelamin               Jumlah                                    Jumlah                                     Jumlah
                                                                %                                           %                                          %
                                      Total                                     Total                                      Total
Pria                                           14.477                 72%                  11.577                73%                 13.306                  75%
Male
Wanita                                         5.563                  28%                  4.380                 27%                 4.528                  25%
Female

Jumlah
                                           20.040                    100%                  15.957               100%                 17.834                 100%
Total




 102     Laporan Tahunan 2025 Annual Report
Page 103
                                                                                                                   Profil Perusahaan
                                                                                                                    Company Profile




     Strategi Pengelolaan Sumber Daya Manusia 2025
                                      2025 Human Resources Management Strategy




Perseroan mengelola sumber daya manusia (SDM) sesuai dengan            The Company manages its human resources (HR) in accordance
ketentuan peraturan yang berlaku dan berprinsip pada keragaman         with applicable regulations and based on the principles of diversity
dan kesetaraan. Perseroan memastikan bahwa seluruh individu,           and equality. The Company ensures that all individuals—regardless
tanpa memandang latar belakang, jenis kelamin, agama, ras, atau        of background, gender, religion, race, or social status—have equal
status sosial, memiliki peluang yang sama untuk berkembang dan         opportunities to grow and contribute to the organization. This aligns
berkontribusi dalam Perseroan. Hal ini sesuai dengan prinsip-prinsip   with the Human Rights principles embedded in all of the Company’s
Hak Asasi Manusia yang tercantum dalam setiap peraturan dan            HR regulations and guidelines.
pedoman SDM yang dimiliki Perseroan.

Di tahun 2025, strategi pengelolaan SDM Perseroan berfokus pada:       In 2025, the Company’s HR management strategy focused on:
1. Menanamkan budaya kerja perusahaan yang mengutamakan                1. Instill a corporate work culture that prioritizes ethics,
     etika, profesionalisme, dan tanggung jawab;                           professionalism, and accountability.
2. Mengintegrasikan budaya kerja yang berbasis pengawasan dan          2. Integrate a work culture based on continuous monitoring and
     perbaikan berkelanjutan                                               improvement.
3. Memenuhi kebutuhan tenaga kerja dengan mekanisme talent             3. Meet workforce needs through selective talent recruitment
     acquisition dan internal promotion yang selektif;                     mechanisms and internal promotions.
4. Mengadakan pelatihan yang berbasis kompetensi dan nilai             4. Implement competency-based training programs that uphold
     integritas;                                                           integrity values.
5. Membangun sistem pengelolaan SDM yang responsif dan efisien          5. Develop a responsive and efficient human resource management
     dengan memanfaatkan perkembangan teknologi.                           system by leveraging technological advances.

Informasi lengkap mengenai pengelolaan SDM Perseroan dapat             Further information on the Company’s HR management can be
dibaca di buku Laporan Keberlanjutan pada bagian Kinerja               found in the Sustainability Report under the section Sustainability
Keberlanjutan – Aspek Sosial.                                          Performance – Social Aspect.




                                                                                                     PT Sawit Sumbermas Sarana Tbk     103
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Pengembangan Kompetensi                                                   Competency Development
Perseroan memandang pengembangan sumber daya manusia (SDM)                The Company regards human resource (HR) development a strategic
sebagai elemen strategis untuk keberlanjutan dan pertumbuhan              component for business sustainability and growth. With capable
bisnis. Dengan SDM yang kompeten, Perseroan mampu beradaptasi             HR, the Company can adapt to the evolving dynamics of technology,
terhadap dinamika teknologi, pasar, dan lingkungan bisnis. Oleh           markets, and the business environment. As a result, training and
karena itu, program pelatihan dan pengembangan dilaksanakan               development programs are systematically implemented to enhance
secara sistematis untuk meningkatkan keterampilan, pengetahuan,           employee skills, knowledge, and attitudes while promoting innovation
serta sikap karyawan sekaligus mendorong inovasi dan perbaikan            and continuous improvement.
berkesinambungan.

Perseroan melaksanakan berbagai program pengembangan                      The Company carries out various employee development programs,
karyawan, seperti Pendidikan formal, pelatihan internal dan eksternal,    including formal education, internal and external training,
sertifikasi, sharing knowledge, serta kursus. Program-program ini          certification, knowledge sharing, and courses. These programs
dirancang agar karyawan dapat bekerja secara profesional dan              aim to empower employees to work professionally and improve
meningkatkan kompetensi sesuai bidang tugas mereka.                       their competencies in line with their field of work.

Pada tahun 2025, Perseroan mengadakan 1.600 program pelatihan             In 2025, the Company held 1,600 training programs attended by 1,869
yang diikuti oleh 1.869 peserta dengan realisasi dana sebesar Rp8,36      participants, with a total budget realization of IDR8.36 billion. Training
miliar. Pelatihan ini dilakukan secara online maupun offline, bekerja       is conducted both online and offline, in collaboration with internal and
sama dengan penyelenggara internal maupun eksternal untuk                 external organizers to ensure relevance to business needs. Below
memastikan relevansi dengan kebutuhan bisnis. Berikut daftar              is the list of the Company’s employee training programs in 2025.
pelatihan karyawan Perseroan di tahun 2025.


 Pelatihan Karyawan di Tahun 2025
 Employee Training in 2025
                 Program Pelatihan                             Jumlah Peserta
                                                                                                                       Batch
                  Training Program                           Number of Participants

 Management Trainee                                                                         138                                                  2

 Cadet Staff                                                                                 10                                                   1

 Mandor Mandiri                                                                              97                                                  2
 Independent Supervisor
 Basic Mechanic                                                                              24                                                   1

 Program Training Soft Skill                                                                583                                                  31

 Program Refresh Training                                                                   857                                                 57

 Sertifikasi Profesi                                                                         160                                                  8
 Professional Certification

 Jumlah
                                                                                          1.869                                                102
 Total



 Pelatihan Berdasarkan Level Jabatan
 Training by Position Level
                                 Jabatan                                                           Jumlah Pelatihan
                                 Position                                                          Number of Training

 Division Head                                                                                                                                    1

 Department Head                                                                                                                                 4

 Manager                                                                                                                                        46

 Assistant Manager                                                                                                                              23

 Staff                                                                                                                                         456

 Non-Staff                                                                                                                                    1.070

 Jumlah
                                                                                                                                             1.600
 Total




 104      Laporan Tahunan 2025 Annual Report
Page 105
                                                                                                                      Profil Perusahaan
                                                                                                                       Company Profile




Investasi Pengembangan Kompetensi Karyawan                                  Investment of Employee Competency Development

Di tahun 2025, jumlah investasi untuk program pendidikan, pelatihan         In 2025, the total investment for education, training, and other
dan pengembangan kompetensi lainnya adalah sebesar Rp8,36                   competency development programs amounted to IDR8.36 billion,
miliar, meningkat dibandingkan tahun lalu, atau terserap 196,31%            an increase compared to the previous year, or absorbing 196.31%
dari rencana anggaran di awal tahun.                                        of the budget allocated at the beginning of the year.


                                                            Batch                                               Biaya/Fee
          Program Pelatihan
           Training Program               Rencana          Realisasi                           Rencana          Realisasi
                                                                               Var (%)                                            Var (%)
                                            Plan          Realization                            Plan          Realization
 Program Reguler
 Regular Program

 Refresh Training Staff                             60                22            36,67%      289.060.391       338.718.945             117,18%

 Refresh Training Non-Staf                          114               74            64,91%      985.951.667      559.894.374              56,79%

 Program Penjenjangan
 Career Progression Program

 Program Kepemimpinan Perkebunan                     2                  2          100,00%     1.144.335.858    4.010.891.780        350,50%
 Pratama (PKPP)
 Primary Plantation
 Leadership Program (PKPP)

 Program Cadet Staff                                  1                 1          100,00%       24.140.200                  0            0,00%
 Cadet Staff Program

 Program Mandor Mandiri (PMM)                        2                  2          100,00%      608.363.567    2.064.836.762             339,41%
 Independent Supervisor Program (PMM)

 Program Basic Mechanics                             2                  1          50,00%       204.403.150      564.185.232             276,02%
 Basic Mechanic Program

 Program Sertifikasi
 Certification Program

 Profesi                                             9                  8           88,89%     768.500.000       502.485.000             65,39%
 Professional

 Program Soft-skill                                 36                29           80,56%       233.397.058       318.239.723            136,35%
 Soft-Skill Program

 Jumlah
                                                  226                 139           61,50%     4.258.151.891    8.359.251.816            196,31%
 Total




                                                                                                         PT Sawit Sumbermas Sarana Tbk      105
Page 106
Informasi Pemegang Saham
Shareholders Information
KOMPOSISI PEMEGANG SAHAM                                                    INFORMATION OF SHAREHOLDERS
PER 31 DESEMBER 2025

                                           1 Januari 2025                                                31 Desember 2025
                                           January 1, 2025                                               December 31, 2025

                                                                  Persentase                                                   Persentase
                       Jumlah Saham                                                  Jumlah Saham
                                               Nilai Saham        Kepemilikan                              Nilai Saham         Kepemilikan
     Uraian              (lembar)                                                       (lembar)
                                               Shares Value        Ownership                               Shares Value         Ownership
   Description        Number of Shares                                                 Number of
                                                (Rp | IDR)        Percentage                                (Rp | IDR)         Percentage
                          (share)                                                    Shares (Share)
                                                                      (%)                                                          (%)

                                                                   Nilai Nominal Rp100,- per saham
                                                                  Nominal Value of IDR 100 per share
 Modal Dasar             32.100.000.000    3.210.000.000.000                           32.100.000.000    3.210.000.000.000
 Authorized Capital

 Komposisi Pemegang Saham lebih dari 5% /Composition of Shareholders >5%

 PT Citra Borneo          5.933.726.800        593.372.680.000             62,296       6.270.247.400      627.024.740.000               65,83
 Indah

 PT Putra Borneo             767.401.044        76.740.104.400              8,057          965.196.485      96.519.648.500                10,13
 Agro Lestari

 Komposisi Pemegang Saham Kurang dari 5% /Composition of Shareholders <5%

 Masyarakat                2.823.872.156        282.387.215.600            29,647        2.289.556.115      228.955.611.500              24,04
 (masing-masing di
 bawah 5%)
 Public (each
 below 5%)

 Jumlah
                          9.525.000.000        952.500.000.000             100,00       9.525.000.000      952.500.000.000              100,00
 Total


KOMPOSISI PEMEGANG SAHAM OLEH                                               COMPOSITION OF SHAREHOLDERS BY BOARD
DEWAN KOMISARIS DAN DIREKSI                                                 OF COMMISSIONERS AND BOARD OF DIRECTORS

Kebijakan                                                                   Policy
Berdasarkan Peraturan Otoritas Jasa Keuangan No. 4 Tahun 2024,              Based on the Financial Services Authority Regulation No. 4 of 2024,
setiap anggota Dewan Komisaris dan Direksi wajib melaporkan                 each member of the Board of Commissioners and the Board of
kepada Perseroan terkait kepemilikan atau perubahan kepemilikan             Directors is required to report to the Company regarding their share
saham mereka dalam waktu 3 hari kerja setelah transaksi. Laporan            ownership or any changes in such ownership within 3 working days
ini kemudian akan disampaikan Perseroan kepada Otoritas Jasa                after the transaction. The Company will then submit this report
Keuangan dalam waktu 5 hari kerja. Perseroan secara rutin                   to the Financial Services Authority within 5 working days. The
mengirimkan laporan bulanan terkait kepemilikan saham Dewan                 Company routinely submits monthly reports on the share ownership
Komisaris dan Direksi melalui e-reporting kepada Otoritas Jasa              of the Board of Commissioners and the Board of Directors through
Keuangan dan Bursa Efek Indonesia. Berikut informasi kepemilikan            e-reporting to the Financial Services Authority and the Indonesia
saham oleh Dewan Komisaris dan Direksi Perseroan.                           Stock Exchange. The following is the information on share ownership
                                                                            by the Company’s Board of Commissioners and Board of Directors.




 106      Laporan Tahunan 2025 Annual Report
Page 107
                                                                                                                                  Profil Perusahaan
                                                                                                                                   Company Profile




                                                Per 1 Januari 2025                                            Per 31 Desember 2025
                                                As January 1, 2025                                            As December 31, 2025

                              Kepemilikan Langsung       Kepemilikan Tidak Langsung         Kepemilikan Langsung             Kepemilikan Tidak Langsung
                                Direct Ownership             Indirect Ownership               Direct Ownership                   Indirect Ownership
Nama dan Jabatan
   Name and                   Jumlah                        Jumlah                          Jumlah                             Jumlah
    Position                               Persentase                     Persentase                       Persentase                        Persentase
                              Saham                         Saham                           Saham                              Saham
                                           Kepemilikan                    Kepemilikan                      Kepemilikan                       Kepemilikan
                             (lembar)                      (lembar)                        (lembar)                           (lembar)
                                            Ownership                      Ownership                        Ownership                         Ownership
                              Number                        Number                          Number                             Number
                                           Percentage                     Percentage                       Percentage                        Percentage
                             of Shares                     of Shares                       of Shares                          of Shares
                                               (%)                            (%)                              (%)                               (%)
                              (Share)                       (Share)                         (Share)                            (Share)
Dewan Komisaris /Board of Commissioners

Bungaran Saragih               Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
(Komisaris Utama)               Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil
(President
Commissioner)

Hoesen                         Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
(Komisaris                      Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil
Independen)
(Independent
Commissioner)

Rimbun Situmorang              Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
(Komisaris)                     Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil
(Commissioner)
Direksi /Board of Directors

Jap Hartono (Direktur          Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
Utama)                          Nil            Nil             Nil             Nil
                                                                                               Nil              Nil               Nil             Nil
(President Director)

Akhmad Faisyal                 Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
(Direktur) (Director)           Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil
Jahja Tanudjaja                Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
Adelai*                         Nil            Nil             Nil             Nil
                                                                                               Nil              Nil               Nil             Nil
(Direktur) (Director)

Roshan Chakravarthy            Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
Valautham*                      Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil
(Direktur) (Director)

Henky Satrio                   Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
Wibowo**                        Nil            Nil             Nil             Nil
                                                                                               Nil              Nil               Nil             Nil
(Direktur) (Director)

Jumlah                         Nihil          Nihil           Nihil           Nihil           Nihil            Nihil             Nihil          Nihil
Total                           Nil            Nil             Nil             Nil             Nil              Nil               Nil            Nil

Keterangan | Remarks:
*) Jahja Tanudjaja Adelai dan Roshan Chakravarthy Valautham efektif menjabat sebagai Direktur Perseroan per 21 April 2025.
   Jahja Tanudjaja Adelai and Roshan Chakravarthy Valautham officially served as Director of the Company on April 21, 2025.
**) Henky Satrio Wibowo efektif menjabat sebagai Direktur Perseroan per 30 Oktober 2025.
   Henky Satrio Wibowo officially served as Director of the Company on October 30, 2025.


KOMPOSISI PEMEGANG SAHAM BERDASARKAN                                            COMPOSITION OF SHAREHOLDERS BASED
KEPEMILIKAN LOKAL DAN ASING                                                     ON LOCAL AND FOREIGN OWNERSHIP

                                    Kepemilikan Saham Awal Tahun                                         Kepemilikan Saham Akhir Tahun
                                  Share Ownership at Beginning of Year                                    Share Ownership at End of Year
    Status
  Pemegang                                                Jumlah                                                               Jumlah
                          Jumlah                                        Persentase        Jumlah                                             Persentase
   Saham                                                  Saham                                                                Saham
                         Pemegang        Persentase                     Kepemilikan      Pemegang          Persentase                        Kepemilikan
 Shareholders                                            (lembar)                                                             (lembar)
                          Saham          Percentage                      Ownership        Saham            Percentage                         Ownership
    Status                                                Number                                                               Number
                         Number of           (%)                        Percentage       Number of             (%)                           Percentage
                                                         of Shares                                                            of Shares
                        Shareholders                                        (%)         Shareholders                                             (%)
                                                          (Share)                                                              (Share)
Kepemilikan Lokal /Local Ownership

Individual                     3.152           95,31       77.089.641            0,81            4.170            95,82         77.240.641              0,81
Individual

                                                                                                                  PT Sawit Sumbermas Sarana Tbk         107
Page 108
                                     Kepemilikan Saham Awal Tahun                                             Kepemilikan Saham Akhir Tahun
                                   Share Ownership at Beginning of Year                                        Share Ownership at End of Year
    Status
  Pemegang                                                 Jumlah                                                                   Jumlah
                       Jumlah                                               Persentase          Jumlah                                              Persentase
   Saham                                                   Saham                                                                    Saham
                      Pemegang          Persentase                          Kepemilikan        Pemegang          Persentase                         Kepemilikan
 Shareholders                                             (lembar)                                                                 (lembar)
                       Saham            Percentage                           Ownership          Saham            Percentage                          Ownership
    Status                                                 Number                                                                   Number
                      Number of             (%)                             Percentage         Number of             (%)                            Percentage
                                                          of Shares                                                                of Shares
                     Shareholders                                               (%)           Shareholders                                              (%)
                                                           (Share)                                                                  (Share)
Institusi /Institution

Perseroan                         30              0,91   7.435.984.260               78,07              39              0,90       270.745.208             2,84
Terbatas
Limited Liability
Company

Bank                                1             0,03     63.694.270                 0,67                -             0,00                   -           0,00

Asuransi                           2              0,06         128.200                    0              3              0,07           422.700             0,00
Insurance

Reksadana                         20               0,6     73.284.242                 0,77              16              0,37        32.651.804             0,34
Mutual Fund

Sub-Jumlah                      3.205          96,92     7.650.180.613              80,32            4.228              97,15      381.060.353             4,00
Sub Total

Kepemilikan Asing /Foreign Ownership

Individu                           9              0,27        605.600                 0,01              10            0,23%            512.000              0,01
Individual

Institusi                         93              2,81    1.874.213.787              19,68              114           2,62%       1.907.983.762           20,03
Institution

Sub Total                        102              3,08    1.874.819.387              19,68             124            2,85%      1.908.495.762            20,04

Total                           3.307             100 9.525.000.000                   100            4.352               100 9.525.000.000                  100



10 PEMEGANG SAHAM TERBESAR                                                           10 LARGEST SHAREHOLDERS COMPOSITION

                         Pemegang Saham                         Jumlah Saham                  Kepemilikan (%)
No                                                                                                                                     Status
                           Shareholders                        Number of Shares                Ownership (%)

 1      PT Citra Borneo Indah                                         6.270.247.400                           65,83                   Pengendali
                                                                                                                                      Controlling

 2      PT Putra Borneo Agro Lestari                                      965.196.485                         10,13     Pemegang Saham Non Pengendali
                                                                                                                          Non-Controlling Shareholder

 3      CGS-CIMB Securities (Singapore) Pte Ltd                            143.387.821                         1,51               Badan Usaha Asing
                                                                                                                                Foreign Business Entity

 4      JPMCB NA RE - Blackrock INST TR CO N A I                            85.777.000                         0,90               Badan Usaha Asing
                                                                                                                                Foreign Business Entity

 5      Citibank New York S/A Emerging Markets C                            24.219.100                         0,25               Badan Usaha Asing
                                                                                                                                Foreign Business Entity

 6      Reksa Dana Sucorinvest Premium Fund                                 21.477.900                         0,23                  Reksadana
                                                                                                                                     Mutual Fund

 7      Reksa Dana Treasure Saham Mantap                                   14.755.400                          0,15                  Reksadana
                                                                                                                                     Mutual Fund

 8      HSBC Bank PLC S/A Abu Dhabi Investment A                            12.120.700                         0,13               Badan Usaha Asing
                                                                                                                                Foreign Business Entity

 9      Reksa Dana Indeks BNP Paribas Sri-Kehati                            10.902.418                         0,11                  Reksadana
                                                                                                                                     Mutual Fund

10      Masyarakat di Bawah 5% | Public Below 5%                          1.976.915.776                       20,76                        -




108       Laporan Tahunan 2025 Annual Report
Page 109
                                                                                                                                Profil Perusahaan
                                                                                                                                 Company Profile




                                                                     Informasi Pemegang Saham
                                                                      Utama dan/atau Pengendali
                        Information of Major and/or Controlling Shareholders


        Monica Putri                      Ernis Desidistrisna                                 Jemmy Adriyanor                    Jery Borneo Putra



                                                 10%                                                 60%

                                    10%                                                                            40%

          90%                                  PT Prima Sawit Borneo               PT Mandiri Indah Lestari                                40%




                             PT Agro Citra Mandiri              48,77%   0,01%       48,76%        PT Putra Borneo Agro Lestari
          90%                                                                                                                              60%




                                   1,23%                                                                   1,22%



                                                                PT Citra Borneo Indah                                                      0,01%




                                                                         65,83%




       Masyarakat / Public                 29,647%                                                    10,13%




Berdasarkan bagan tersebut, Pemegang Saham Utama dan                             Based on the chart, the Major and Controlling Shareholders of the
Pengendali Perseroan adalah PT Citra Borneo Indah (CBI), yang                    Company is PT Citra Borneo Indah (CBI), incorporated by Haji Abdul
didirikan oleh Haji Abdul Rasyid AS, dengan kepemilikan saham                    Rasyid AS, with 65.83% share ownership. CBI has been the Major
sebesar 65,83%. CBI telah menjadi Pemegang Saham Utama dan                       and Controlling Shareholders since 2017, following the transaction
Pengendali sejak tahun 2017, setelah melakukan transaksi pengalihan              to transfer 2,600,000,000 shares from PT Mandiri Indah Lestari
saham sebanyak 2.600.000.000 lembar dari PT Mandiri Indah Lestari                and PT Prima Sawit Borneo. Each of the company transferred
dan PT Prima Sawit Borneo. Masing-masing perusahaan mengalihkan                  1,300,000,000 shares, respectively, with a total transaction value of
1.300.000.000 lembar saham, dengan total nilai transaksi sebesar                 IDR1,937,000,000,-. This transfer of shares was recorded in Deed No.
Rp1.937.000.000,-. Pengalihan saham ini dicatat dalam Akta No. 18                18 dated October 16, 2017, made by Notary Citra Buana Tungga, SH,
tanggal 16 Oktober 2017, yang dibuat oleh Notaris Citra Buana Tungga,            MKn. This Deed was approved by Ministry of Law and Human Rights
SH, MKn. Akta tersebut telah disahkan oleh Kementerian Hukum dan                 through Decree No. AHU-0021410.AH.01.02.Tahun2017 on the same
HAM melalui Surat Keputusan No. AHU-0021410.AH.01.02. Tahun                      date. This decision was made effective as of September 30, 2018.
2017 pada tanggal yang sama. Keputusan ini mulai berlaku efektif
sejak 30 September 2018.




                                                                                                                   PT Sawit Sumbermas Sarana Tbk     109
Page 110
PROFIL PT CITRA BORNEO INDAH (CBI)                                               PROFILE OF PT CITRA BORNEO INDAH (CBI)



                                                                                PT Citra Borneo Indah (CBI)



 Alamat                          Jl. H. Udan Said No. 47 Pangkalan Bun
 Address                         Kalimantan Tengah 74113
                                 T : (+62-532) 21297

 Kepemilikan Saham               •    PT Prima Sawit Borneo          : 48,77%
 Share Ownership                 •    PT Mandiri Indah Lestari       : 46,76%
                                 •    PT Agro Citra Mandiri		        : 1,23%
                                 •    PT Putra Borneo Agro Lestari   : 1,22%
                                 •    Jemmy Adriyanor		              : 0,01%
                                 •    Jery Borneo Putra		            : 0,01%

 Kepengurusan                    Dewan Komisaris/Board of Commissioners
 Management                      Komisaris/Commissioner: Sunggu Situmorang

                                 Direksi/Board of Directors
                                 • Direktur Utama/President Director : Jery Borneo Putra
                                 • Direktur/Director : Elvin Iswandy
                                 • Direktur/Director : Hendri Ratoe Bachtiar

 Profil Singkat                   PT Citra Borneo Indah (CBI) didirikan pada 6 Mei 1999 di      PT Citra Borneo Indah (CBI) was established on May 6,
 Brief Profile                    Pangkalan Bun, Kalimantan Tengah. Pendirian perusahaan        1999 in Pangkalan Bun, Central Kalimantan. The company
                                 ini didasarkan pada Akta No. 5 tanggal 6 Mei 1999 dan telah   was established with Deed No. 5, dated May 6, 1999 and
                                 mendapat pengesahan dari Direktorat Jenderal Hukum dan        approved by the Directorate General of Law and Legislation
                                 Perundang-Undangan Departemen Kehakiman Republik              of Ministry of Justice of the Republic of Indonesia through
                                 Indonesia melalui Surat Keputusan Menteri Kehakiman           Decree of Minister of Justice of the Republic of Indonesia
                                 Republik Indonesia No. C-1549.17.HT.01.01.TH.99 pada          No.C-1549.17. HT.01.01.TH.99 dated August 19, 1999.
                                 tanggal 19 Agustus 1999.

                                 Seiring dengan perkembangannya, CBI telah                     CBI has developed into a large group of companies,
                                 bertransformasi menjadi grup perusahaan besar yang            with strong business network diversified in 5 industrial
                                 memiliki jaringan usaha yang kuat dan terdiversifikasi dalam   segments:
                                 5 segmen industri, yaitu:
                                 • Perkebunan Kelapa Sawit;                                    •   Palm Oil Plantations;
                                 • Hilirisasi Industri Kelapa Sawit;                           •   Downstream Palm Oil Industry;
                                 • Kawasan Industri dan Pembangkit Tenaga Listrik;             •   Industrial Estate and Power Plants;
                                 • Angkutan Laut; serta                                        •   Sea Transportation; and
                                 • Peternakan.                                                 •   Farming.

                                 Seluruh segmen usaha CBI dikelola melalui Entitas Anak        All CBI’s business segments are managed by Subsidiaries
                                 yang beroperasi di bawah naungan grup, dengan fokus           operating under the group, that focus on implementing
                                 pada penerapan prinsip bisnis berkelanjutan dalam setiap      the sustainable business principles in every operational
                                 aktivitas operasionalnya. CBI menempatkan kesejahteraan       activities. CBI prioritizes community welfare and
                                 masyarakat dan pelestarian lingkungan sebagai prioritas       environmental preservation, in line with its contribution
                                 utama, sejalan dengan kontribusinya dalam mendorong           to drive the national economy, particularly in Central
                                 pertumbuhan ekonomi nasional, khususnya di Kalimantan         Kalimantan. This commitment is realized through
                                 Tengah. Komitmen ini diwujudkan melalui penciptaan            significant jobs creation and development of various
                                 lapangan pekerjaan yang signifikan dan pengembangan            integrated industrial sectors. As part of its vision to become
                                 berbagai sektor industri yang terintegrasi. Sebagai bagian    a world-class plantation company, CBI continues expanding
                                 dari visinya untuk menjadi perusahaan perkebunan kelas        its network and innovating, ensuring sustainability and high
                                 dunia, CBI terus memperluas jaringan dan berinovasi,          competitiveness amidst the global industry dynamics.
                                 memastikan keberlanjutan dan daya saing yang tinggi di
                                 tengah dinamika industri global.



Pemilik Manfaat Akhir                                                            Ultimate Beneficial Owner
PT Citra Borneo Indah adalah pemegang saham pengendali                           PT Citra Borneo Indah is the controlling shareholder of the Company,
Perseroan, dengan pemilik manfaat utama adalah Jery Borneo Putra.                with the ultimate beneficial owner being Jery Borneo Putra.




 110       Laporan Tahunan 2025 Annual Report
Page 111
                                                                                                         Profil Perusahaan
                                                                                                          Company Profile




                                                           Struktur Grup Perusahaan
                                                                       Company’s Group Structure




                   PT PUTRA BORNEO               PT CITRA BORNEO INDAH             Masyarakat / Public
                     AGRO LESTARI

                        10,13%                             65,83%                        24,04%




  99%                   70,2%                     99%                  100%              100%                      63,4%

              4%                      4%


                                                                        SSMS            SSMS
PT MITRA                                                                                                      PT Sawit Mandiri
                   PT CITRA BORNEO         PT KALIMANTAN             PLANTATION      SUMBERMAS
MENDAWAI                                                                                                          Lestari
                      UTAMA TBK             SAWIT ABADI             HOLDINGS PTE   INTERNATIONAL
 SEJATI
                                                                         LTD           PTE LTD



        1%          PT SAWIT MULTI         99%
                        UTAMA




        1%         PT TANJUNG SAWIT        99%
                         ABADI




        99%        PT MIRZA PRATAMA         1%
                         PUTRA




        99%           PT MENTENG            1%
                     KENCANA MAS




                                                                                         PT Sawit Sumbermas Sarana Tbk       111
Page 112
Informasi Entitas Anak dan/atau Entitas Asosiasi
Information on Subsidiary and/or Associated Entity
Sampai dengan 31 Desember 2024, Perseroan memiliki 6 (enam)                   As of December 31, 2024, the Company has 6 (six) Direct Subsidiaries,
Entitas Anak dengan Kepemilikan Langsung, 5 (lima) Entitas Anak               5 (five) Indirect Subsidiaries and 1 (one) Associated Entities, namely:
dengan Kepemilikan Tidak Langsung, dan 1 (satu) Entitas Asosiasi
yaitu:


                                                                             Tahun                                   Jumlah Aset
                                                                           Beroperasi       Kepemilikan (%)            (Rp-Juta)               Status
                     Bidang Usaha                         Tahun Berdiri
       Nama                                 Domisili                        Komersial        Ownership (%)           Total Assets              Operasi
                        Line of                              Year of
       Name                                 Domicile                         Year of                                 (IDR-Million)            Operation
                       Business                           Establishment
                                                                           Commercial                                                          Status
                                                                            Operation       2025       2024       2025         2024

 Entitas Anak Kepemilikan Langsung /Direct Subsidiaries

 PT Kalimantan    Perkebunan dan           Kotawaringin       2004             2005          99%       99%       2.110.662    5.389.196       Beroperasi
 Sawit Abadi      pabrik kelapa sawit      Barat                                                                                              Operating
 (KSA)            Oil Palm Plantations     West
                  and Palm Oil mill        Kotawaringin

 PT Mitra         Perkebunan dan           Kotawaringin       1996             2008          99%       99%      2.867.960     3.581.021       Beroperasi
 Mendawai         pabrik kelapa sawit      Barat                                                                                              Operating
 Sejati (MMS)     dan inti                 West
                  Oil Palm Plantations     Kotawaringin
                  and Palm Oil mill and
                  Kernel crushing plant

 SSMS             Perusahaan jasa          Singapore          2017             2018          100%      100%      1.577.782    1.490.323       Beroperasi
 Plantation       pendukung bisnis                                                                                                            Operating
 Holding Pte.     Business support
 Ltd (SPH)        service

 Sawit            Penjual produk           Singapore          2018             2018          100%      100%              15      15           Beroperasi
 Sumbermas        kelapa sawit                                                                                                                Operating
 International    Company wholesale
 Pte. Ltd (SSI)   of palm oil

 PT Citra         Pertanian, industri,     Kotawaringin       2013             2018          78%       78%        4.117.813   4.200.322       Beroperasi
 Borneo Utama     dan perdagangan          Barat                                                                                              Operating
 Tbk (CBU)        Agriculture, industry,   West
                  and trading              Kotawaringin

 PT Sawit         Perkebunan dan           Kotawaringin       2002             2014          63,4%       -      3.130.946                 -   Beroperasi
 Mandiri          pabrik kelapa sawit      Barat                                                                                              Operating
 Lestari (SML)    Oil palm Plantations     West
                  and palm oil mill        Kotawaringin

 Entitas Anak Kepemilikan Tidak Langsung Melalui KSA /Indirect Subsidiaries through KSA

 PT Tanjung       Perkebunan dan           Kotawaringin       2004             2012          99%       99%        890.928     2.272.956       Beroperasi
 Sawti Abadi      pabrik kelapa sawit      Barat                                                                                              Operating
 (TSA)            Oil Palm Plantations     West
                  and Palm Oil mill        Kotawaringin

 PT Sawit Multi   Perkebunan dan           Kotawaringin       2005             2012          99%       99%       1.142.338    1.969.508       Beroperasi
 Utama (SMU)      pabrik kelapa sawit      Barat                                                                                              Operating
                  Oil Palm Plantations     West
                  and Palm Oil mill        Kotawaringin

 Entitas Anak Kepemilikan Tidak Langsung Melalui MMS /Indirect Subsidiaries through MMS

 PT Mirza         Perkebunan kelapa        Kotawaringin       2004             2011          99%       99%        988.327     838.932         Beroperasi
 Pratama Putra    sawit                    Barat                                                                                              Operating
 (MPP)            Oil Palm Plantations     West
                                           Kotawaringin

 PT Menteng       Perkebunan kelapa        Kotawaringin       2005             2010          99%       99%       1.500.136    1.382.874       Beroperasi
 Kencana Mas      sawit                    Barat                                                                                              Operating
 (MKM)            Oil Palm Plantations     West
                                           Kotawaringin


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                                                                                                                                        Profil Perusahaan
                                                                                                                                         Company Profile




                                                                                  Tahun                                         Jumlah Aset
                                                                                Beroperasi           Kepemilikan (%)              (Rp-Juta)              Status
                    Bidang Usaha                          Tahun Berdiri
    Nama                                   Domisili                              Komersial            Ownership (%)             Total Assets             Operasi
                       Line of                               Year of
    Name                                   Domicile                               Year of                                       (IDR-Million)           Operation
                      Business                            Establishment
                                                                                Commercial                                                               Status
                                                                                 Operation           2025       2024         2025           2024

Entitas Anak Kepemilikan Tidak Langsung Melalui SPH /Indirect Subsidiaries through SPH

SSMS             Jasa Konsultasi dan      Singapore             2017                2018              99%        99%        2.116.752      1.519.816    Beroperasi
Plantation       Perdagangan                                                                                                                            Operating
Singapore        Consultancy
International    services and trading
Pte. Ltd (SPI)

Entitas Asosiasi /Associated Entities

PT Surya         Pertanian, industri,     Kotawaringin          2013                2018             49%         49%          903.219      955.875      Beroperasi
Borneo           dan perdagangan          Barat                                                                                                         Operating
Industri (SBI)   Agriculture, industry,
                 and trading




                                                          Profil Entitas Anak dan Asosiasi
                                          Profiles of Subsidiaries and Associated Entities

                                                         PT KALIMANTAN SAWIT ABADI (“KSA”)

Jl. H. Udan Said No.47 Kel.         Berdiri pada tanggal 25 Maret 2004. Perseroan menguasai          Established on March 25, 2004, The Company has KSA shares
Baru, Kec. Arut Selatan, Kab.       saham KSA sebesar 99%. KSA mulai beroperasi secara               of 99%. KSA commenced commercial operations in 2005 and
Kotawaringin Barat, Kalimantan      komersial tahun 2005 dan menjalankan kegiatan usaha              engaged in palm oil plantation management upon 7,275.68 ha
Tengah, Indonesia 74113.            pengelolaan perkebunan seluas 7.275,68 ha dan pabrik             plantation area and a palm oil mill with a production capacity
Telp: (+62-532) 21297               kelapa sawit dengan kapasitas produksi 60 metrik ton Tandan      of 60 metric tons of Fresh Fruit Bunches (FFB) per hour. In
                                    Buah Segar (TBS) per jam. Pada tahun 2025, Entitas Anak ini      2025, KSA managed total assets of IDR2.11 trililon.
                                    mengelola aset sebesar Rp2,11 triliun.



                                                          PT MITRA MENDAWAI SEJATI (“MMS”)
Jl. H. Udan Said No.47 Kel.         Berdiri pada tanggal 6 Mei 1999. Perseroan menguasai sebesar     Established on May 6, 1999, the Company has MMS shares
Baru, Kec. Arut Selatan, Kab.       99% saham MMS. MMS mulai beroperasi secara komersial             of 99%. MMS commencement of commercial operations
Kotawaringin Barat, Kalimantan      tahun 2008. MMS menjalankan usaha utama yang terdiri             since 2008, MMS engaged in managing a palm oil plantation
Tengah, Indonesia 74113.            dari perkebunan seluas 10.347,18 ha, pabrik kelapa sawit         of 10,347.18 ha, a palm oil mill with a production capacity of
Telp: (+62-532) 21297               dengan kapasitas produksi 60 metrik ton TBS per jam dan          60 metric tons of FFB per hour and a palm kernel mill of 150
                                    inti sawit sebanyak 150 metrik ton PKO per hari yang berlokasi   metric tons of PKO per day located in West Kotawaringin. In
                                    di Kotawaringin Barat. Pada tahun 2025, MMS mengelola aset       2025, MMS managed total assets of IDR2.87 trillion.
                                    senilai Rp2,87 triliun.



                                                             PT SAWIT MULTI UTAMA (“SMU”)

Jl. H. Udan Said No.47 Kel.         Didirikan tanggal 16 Februari 2004. SMU diakuisisi oleh          Established on February 16, 2004, and has been acquired
Baru, Kec. Arut Selatan, Kab.       Perseroan tahun 2015, dan menguasai 100% saham. SMU              by the Company in 2015 and mastering 100% shares. SMU
Kotawaringin Barat, Kalimantan      mulai beroperasi secara komersial tahun 2012. Entitas anak ini   commenced commercial operations in 2012 and engaged in
Tengah, Indonesia 74113.            menjalankan usaha pengelolaan perkebunan seluas 17.484,95        a palm oil plantation of 17,484.95 ha and a palm oil mill with
Telp: (+62-532) 21297               ha dan pabrik kelapa sawit dengan kapasitas produksi sebesar     a production capacity of 75 metric tons of FFB per hour. In
                                    75 metrik ton TBS per jam. Pada tahun 2025, SMU mengelola        2025, SMU managed total assets of IDR1.14 trillion.
                                    aset senilai Rp1,14 triliun.


                                                           PT MIRZA PRATAMA PUTRA (“MPP”)

Jl. Pakunegara, Kel. Baru Kec.      Diakuisisi tahun 2015, Perseroan menguasai 99% saham MPP.        Acquired in 2015, the Company has MPP shares of 99%. MPP
Arut Selatan, Kab. Kotawaringin     MPP berdiri tanggal 9 Juni 2004 dengan kegiatan usaha utama      was established on June 9, 2004, and engaged in managing
Barat, Kalimantan Tengah            berupa pengelolaan perkebunan kelapa sawit seluas 6.424,60       palm oil plantations covering an area of 6,424.60 ha with a
Telp: (+62-532) 21297               ha dengan kapasitas produksi 60 metrik ton TBS per jam. MPP      production capacity of 60 metric tons of FFB per hour. MPP
                                    mulai beroperasi secara komersial tahun 2011. Pada tahun         commencement of commercial operations in 2011. In 2025,
                                    2025, MPP mengelola aset senilai Rp988 miliar.                   MPP has managed total assets of IDR988 billion.


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                                                          PT TANJUNG SAWIT ABADI (“TSA”)

Jl. H. Udan Said No.47 Kel.       TSA berdiri pada tanggal 2 Desember 2003 dan mulai               TSA was established on December 2, 2003, and started its
Baru, Kec. Arut Selatan, Kab.     beroperasi secara komersial pada tahun 2012. TSA                 commercial operation in 2012. TSA manages a 14,961.96 ha
Kotawaringin Barat, Kalimantan    menjalankan usaha pengelolaan perkebunan seluas 14.961,96        palm oil plantation and a palm oil mill with its production
Tengah, Indonesia 74113.          ha dan pabrik kelapa sawit dengan kapasitas produksi sebesar     capacity of 60 (sixty) metric tons of FFB per hour. The
Telp: (+62-532) 21297             60 metrik ton TBS per jam. Perseroan mengakuisisi TSA pada       Company has acquired TSA in 2015 and owns TSA’s 99%
                                  tahun 2015, dan menguasai 99% saham. Pada akhir tahun            shares. In 2025, TSA managed total assets of IDR891 billion.
                                  2025, TSA mengelola aset sebesar Rp891 miliar.


                                                        PT MENTENG KENCANA MAS (“MKM”)

Jl. Pakunegara, Kel. Baru Kec.    MKM berdiri pada tanggal 15 November 2005 dengan kegiatan        MKM was established on November 15, 2005, and engages
Arut Selatan, Kab. Kotawaringin   usaha utama berupa pengelolaan perkebunan kelapa sawit           in managing 17,597.52 ha of palm oil plantation with its
Barat, Kalimantan Tengah.         seluas 17.597,52 ha dengan kapasitas produksi 60 metrik ton      production capacity of 60 metric tons of FFB per hour. Started
Telp: (+62-532) 21297             TBS per jam. MKM mulai beroperasi secara komersial tahun         its commercial operations in 2010, MKM was then acquired
                                  2010. Pada tahun 2015, Perseroan mengakuisisi MKM dan            in 2015 by the Company with its 99% shares. In 2025, MKM
                                  menguasai 99% saham. Pada tahun 2025, MKM mengelola              managed total assets of IDR1.50 trillion.
                                  aset senilai Rp1,50 triliun.



                                               SSMS PLANTATION INTERNASIONAL PTE.LTD. (“SPI”)
One Marina Boulevard #28- 00,     SPI didirikan oleh Perseroan pada tanggal 12 Juli 2017           SPI established on July 12, 2017, with a 100% direct ownership.
Singapura 018989                  dengan kepemilikan saham sebesar 100%. Tujuan pendirian          The establishment of the Singaporebased subsidiary is to
                                  perusahaan yang berbasis di Singapura ini adalah untuk           conduct consulting and trading services. SPI commencement
                                  menjalankan jasa konsultasi dan perdagangan. SPI mulai           of commercial operations since 2018. In 2025, SPI managed
                                  beroperasi secara komersial tahun 2018. Pada tahun 2025,         total assets worth IDR2.12 trillion.
                                  SPI mengelola asset senilai Rp2,12 triliun.



                                              SAWIT SUMBERMAS INTERNATIONAL PTE. LTD. (“SSI”)

8 Eu Tong Sen Street #21-95,      Pada tanggal 31 Desember 2018, Perseroan membentuk anak          On December 31, 2018, the Company decided to establish
The Central, Singapura 059818     usaha baru, Sawit Sumbermas International Pte. Ltd. (“SSI”)      Sawit Sumbermas International Pte. Ltd. (SSI) in order to
                                  untuk mendukung kegiatan grup perusahaan, yaitu penjualan        support the Group’s palm oil trading business. In 2025, SSI
                                  kelapa sawit. Pada tahun 2025, SSI mengelola aset senilai        managed total assets of IDR15 million.
                                  Rp15 juta.


                                                         PT Citra Borneo Utama Tbk (“CBUT”)

ASDP/Pelabuhan Roro               Perseroan mengakuisisi 13% atau senilai Rp600.000.000            The Company acquired 13% or amounting to IDR600,000,000
Tempenek,                         saham PT Citra Borneo Utama Tbk pada tahun 2020                  of shares of PT Citra Borneo Utama Tbk in 2020 under the
Kelurahan Kumai Hulu,             berdasarkan Perjanjian Akta. Notaris No. 74 Notaris Dr. Tintin   Notarial Deed No. 74 Notariy of Dr. Tintin Surtini, S.H., MH., Mkn
Kecamatan Kumai Kabupaten         Surtini, S.H., MH., Mkn pada tanggal 29 Desember 2020. Di        dated December 29, 2020. In 2023, the Company approved
Kotawaringin Barat                tahun 2023, Perseroan menyetujui penyelesaian sebagian           to settle part of debt of PT Citra Borneo Indah (“CBI”) by
Telp: (+62-532) 21297             utang PT Citra Borneo Indah (“CBI”) melalui pengalihan           handing over shares of CBI in PT Citra Borneo Utama Tbk
                                  kepemilikan saham milik CBI pada PT Citra Borneo Utama           (“CBUT”) to the Company. Thus, the Company’s overall share
                                  Tbk (“CBUT”) kepada Perseroan. Dengan demikian, secara           in CBUT is 78.22% where 70.2% share owned directly by the
                                  keseluruhan saham Perseroan di CBUT adalah sebesar 78,22%        Company, 4% share owned indirectly by KSA, and 4% share
                                  dimana 70,22% saham dimiliki langsung oleh Perseroan, 4%         owned indirectly by MMS. CBUT is engaged in processing of
                                  saham dimiliki tidak langsung melalui KSA, dan 4% saham          palm oil and commencement of commercial operations in
                                  dimiliki tidak langsung melalui MMS. CBUT bergerak di bidang     2018. By the end of 2025, the Company has 70.22% shares
                                  pengolahan minyak kelapa sawit dan mulai beroperasi              of PT Citra Borneo Utama Tbk with managed total assets of
                                  secara komersial pada tahun 2018. Hingga akhir tahun 2025,       IDR4.12 trililon.
                                  Perseroan memiliki 70,22% saham PT Citra Borneo Utama
                                  Tbk dengan nilai aset yang dikelola sebesar Rp4,12 triliun.



                                                           PT Sawit Mandiri Lestari (“SML”)
Alamat:                           Perseroan mengakuisisi 63,4% kepemilikan saham PT Sawit          The Company acquired a 63.4% ownership interest in PT Sawit
JI. Ahmad Yani RT. 012, Baru,     Mandiri Lestari (SML) dari PT Citra Borneo Indah (CBI) pada      Mandiri Lestari (SML) from PT Citra Borneo Indah (CBI) on 24
Kecamatan Arut Selatan,           24 November 2025 berdasarkan Akta Notaris No. 253 tanggal        November 2025, based on Notarial Deed No. 253 dated 24
Kabupaten Kotawaringin Barat,     24 November 2025, Notaris Jimmy Tanal, S.H., M.Kn, dengan        November 2025, executed before Jimmy Tanal, S.H., M.Kn,
Kalimantan Tengah.                total imbalan yang dialihkan sebesar Ro1.600.000.000. SML        Notary, with a total consideration transferred amounting to
Telp: (0265) 8671432              bergerak di bidang perkebunan dan pabrik kelapa sawit yang       IDR1,600,000,000. SML operates in the palm oil plantation
                                  mulai beroperasi secara komersial pada tahun 2014. Hingga        and palm oil mill business, which commenced its commercial
                                  akhir tahun 2025, Perseroan memiliki 63,4% saham PT Sawit        operations in 2014. As of the end of 2025, the Company held
                                  Mandiri Lestari dengan nilai aset yang dikelola sebesar Rp3,13   63.4% ownership in PT Sawit Mandiri Lestari, with total
                                  miliar.                                                          managed assets amounting to IDR3.13 billion.



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                                                    SSMS PLANTATION HOLDING PTE. LTD (“SPH”)

 One Marina Boulevard #28-00,       SPH didirikan Perseroan pada tanggal 12 Juli 2017 dalam        SPH was established on July 12, 2017, to support the
 Singapura 018989                   rangka menunjang upaya Perseroan untuk masuk ke pasar          Company’s penetration in the global market. SPH shares
                                    global. Saham SPH dimiliki 100% oleh Perseroan. Perusahaan     are 100% owned by the Company. The Singapore based was
                                    yang berbasis di Singapura ini didirikan sebagai pendukung     founded to support the Company’s business in relation to the
                                    bisnis Perseroan sehubungan dengan penerbitan obligasi         Bond issuance of US$300 million on January 24, 2018. SPH
                                    di the Singapore Exchange Securities Trading Ltd (“SgX”)       commencement of commercial operations in 2018. In 2025,
                                    senilai US$300 juta pada tanggal 24 Januari 2018. SPH mulai    SPH managed total assets of IDR1.577.782 billion.
                                    beroperasi secara komersial tahun 2018. Pada tahun 2025,
                                    SPH mengelola aset senilai Rp1.577.782 miliar.


                                                              PT Surya Borneo Indah (“SBI”)

 Jl H. Udan Said No.47, Kelurahan   Perseroan memiliki saham SBI sebesar 49% setelah               The Company has 49% SBI’s shares after the conversion of
 Baru, Kecamatan Arut Selatan,      konversi pinjaman dan utang Perseroan kepada SBI sebesar       the Group’s loans and receivables to SBI of IDR739,301,579
 Kabupaten Kotawaringin Barat,      Rp.739.301.579 yang dilakukan pada tanggal 14 Agustus          which was carried out in August 14, 2019. SBI is engaged
 Telp: (+62-532) 21297              2019. SBI bergerak di bidang kawasan industri yang mulai       in agriculture, industry and trading and commencement
                                    beroperasional pada 2018. Hingga akhir tahun 2025, Perseroan   of commercial operations in 2018. By the end of 2025, the
                                    memiliki 42,7% saham PT Surya Borneo Industri dengan nilai     Company has 42.7% shares of PT Surya Borneo Industri with
                                    aset yang dikelola sebesar Rp903.219.                          managed total assets of IDR903,219.




                                                                   Kronologi Pencatatan Saham
                                                                                         Chronology of Share Listing

PENAWARAN SAHAM PERDANA                                                           INITIAL PUBLIC OFFERING

Perseroan melakukan Penawaran Umum Saham Perdana (Initial                         The Company conducted an Initial Public Offering (IPO) after
Public Offering/IPO) setelah memperoleh Surat Pernyataan Efektif                  obtaining an Effective Statement from the Board of Commissioners
dari Dewan Komisioner Otoritas Jasa Keuangan (OJK) berdasarkan                    of the Financial Services Authority (OJK) through a Letter No.
Surat No. S-393/D.04/2013.                                                        S-393/D.04/2013.

Pada pelaksanaan IPO, Perseroan melepas 1.500.000.000 (satu                       In the IPO, the Company released 1,500,000,000 (one billion five
miliar lima ratus juta) saham biasa yang setara dengan 15,7% dari                 hundred million) common shares equivalent to 15.7% of the issued
modal ditempatkan dan disetor penuh pada nilai nominal Rp100                      and fully paid-up capital at a nominal value of IDR100 (one hundred
(seratus rupiah) per lembar dan harga pelaksanaan Rp670 (enam                     rupiah) per share and an exercise price of IDR670 (six hundred seventy
ratus tujuh puluh rupiah) per lembar saham. Termasuk dalam jumlah                 rupiah) per share. Included in the shares offered to the public was
saham umum perdana yang ditawarkan ke public tersebut, sebanyak                   a total of 150,000,000 (one hundred and fifty million) shares to be
150.000.000 (seratus lima puluh juta) saham adalah saham yang                     allocated in the Employee Stock Allocation Program. It was stipulated
dialokasikan dalam Program Alokasi Saham Karyawan (Employee                       in the Decree of the Board of Directors No. Dir.Kom/IPOESA/001/
Stock Allocation Program). Hal tersebut ditetapkan dalam Surat                    VIII/2013 dated September 19, 2013. Then on December 12, 2013, all
Keputusan Direksi No. Dir.Kom/IPOESA/001/VIII/2013 tanggal 19                     shares of the Company were listed on the Indonesia Stock Exchange.
September 2013. Kemudian pada tanggal 12 Desember 2013, seluruh                   The total number of shareholders of the Company reached more than
saham Perseroan telah terdaftar di Bursa Efek Indonesia. Jumlah                   1,200. The chronology of the Company’s IPO is as follows:
pemegang saham Perseroan mencapai lebih dari 1.200. Kronologis
pelaksanaan IPO Perseroan dijabarkan berikut ini:


     Tanggal Pencatatan             Tindakan Korporasi                Harga Saham (Rp)                                                Jumlah Saham
                                                                                                   Saham Baru (lembar)
        Listing Date                 Corporate Action                 Nominal Value (IDR)                                         Terakumulasi (lembar)

 -                          Sebelum IPO                                                      -                              -                   8.025.000.000
                            Before IPO

 3-5 Desember 2013          Penawaran umum perdana                                        670                  1.500.000.000                                  -
 December 3-5, 2013         Initial Public Offering

 12 Desember 2013           Pencatatan saham di Bursa Efek                                   -                 1.500.000.000                    9.525.000.000
 December 12, 2013          Jakarta
                            Share Listing on Jakarta Stock
                            Exchange

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Kronologi Obligasi dan Efek Lainnya
Chronology of Bond and Other Securities
Pada tahun 2025, Perseroan tidak menerbitkan obligasi dan/atau efek              In 2025, the Company did not issue any bonds and/or other securities.
lainnya. Meskipun begitu, Perseroan melalui entitas anaknya, SSMS                Nevertheless, through its subsidiary, SSMS Plantation Holding Pte.
Plantation Holding Pte. Ltd. pernah berhasil menerbitkan obligasi                Ltd., the Company had previously successfully issued global bonds
global senilai US$300 juta dengan bunga 7,75% dan memiliki tenor                 amounting to US$300 million with an interest rate of 7.75% with a
5 tahun. Obligasi itu terdaftar di The Singapore Exchange Securities             tenor of 5 years. The bonds were listed on The Singapore Exchange
Trading Ltd (SGX) per tanggal 24 Januari 2018. Penerbitan obligasi               Securities Trading Ltd (SGX) as of January 24, 2018. The global bond
global yang sempat mengalami oversubscribed tersebut menunjuk                    issuance which had been oversubscribed appointed The Bank of
The Bank of New York Mellon Cabang London sebagai wali amanat.                   New York Mellon London Branch as the trustee. From the issuance
Dari penerbitan obligasi global itu, Perseroan mempergunakan                     of global bonds, the Company used part of the funds to pay off the
sebagian dananya untuk membayar utang bank Perseroan,                            Company’s bank debt, whereas 3.4% or US$10 million was used to
sedangkan sebanyak 3,4% atau US$10 juta dipergunakan untuk                       finance sustainability programs launched by the Company.
membiayai program-program keberlanjutan yang dicanangkan
oleh perseroan.

Di tahun 2022, Perseroan berhasil melakukan buy back obligasi                    In 2022, the Company has bought back global bonds which was
global yang diterbitkan pada tahun 2018 dan di tahun 2023 SSMS                   issued in 2018 and in 2023, SSMS has been paid off global bonds
telah melunasi obligasi global senilai US$300 juta atau setara Rp4,5             worth US$300 million or equivalent with IDR4.5 trillion which were
triliun yang diterbitkan di Bursa Singapura pada tahun 2018.                     published in Singapore Exchange in 2018.


 Kronologi Penerbitan Obligasi Global
 Global Bond Issuance Chronology
                                     Uraian Kegiatan                                         Jumlah (dalam US$)            Tanggal Pelaksanaan
                                     List of Activities                                         Total (in US$)             Implementation Date

 Masa Penawaran Obligasi                                                                         300.000.000                  23 Januari 2018
 Bond Booking Period                                                                                                          January 23, 2018

 Pencatatan Obligasi di SGX                                                                      300.000.000                  24 Januari 2018
 Bond Listing in SGX                                                                                                          January 24, 2018

 Pembayaran Suku Bunga I ke Bank of New York Mellon Cabang New York                               11.625.000                    23 Juli 2018
 Payment of Interest Rate I to Bank of New York Mellon, New York Branch                                                         July 23, 2018

 Pembayaran Suku Bunga II ke Bank of New York Mellon Cabang New York                              11.625.000                  23 Januari 2019
 Payment of Interest Rate II to Bank of New York Mellon, New York Branch                                                      January 23, 2019

 Pembayaran Suku Bunga III ke Bank of New York Mellon Cabang New York                             11.625.000                    23 Juli 2019
 Payment of Interest Rate III to Bank of New York Mellon, New York Branch                                                       July 23, 2019

 Pembelian Kembali obligasi global                                                              233,752,5000                    14 July 2022
 Buy back global bonds                                                                                                          July 14, 2022

 Pelunasan obligasi global senilai US$300 juta atau setara Rp4,5 triliun                          40,275,000                  23 Januari 2023
 Paid off global bonds worth US$300 million or equivalent with IDR4.5 trillion                                                January 23, 2023




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                                                                                                                                   Company Profile




                                                       Informasi Kantor Akuntan Publik
                                                                    Public Accounting Firm Information
Berdasarkan RUPS Tahunan yang diselenggarakan pada 21 April 2025,                Based on the Company’s Annual GMS, which was held on April 21,
serta melalui rekomendasi Dewan Komisaris, Perseroan menunjuk                    2025, and by the Board of Commissioner’s recommendation, the
KAP berikut untuk mengaudit Laporan Keuangan Konsolidasian                       Company has appointed the following Public Accounting Firm (KAP)
Perseroan tahun buku 2025.                                                       to audit the Company’s Consolidated Financial Statements for the
                                                                                 2025 Financial Year.


 Nama KAP
 Name of Public Accounting Firm (KAP)        Purwanto Susanti & Surja
 Nama Akuntan Publik                         Daniel
 Name of Public Accountant

 Ruang Lingkup Jasa                          Mengaudit Laporan Keuangan Konsolidasian Perusahaan dan lainnya untuk Tahun buku 2025.
 Scope of Services                           Auditing the Company’s Consolidated Financial Statements and others for the 2025 fiscal year.

 Jasa Lain yang Diberikan KAP                Tidak ada jasa lain yang diberikan KAP selain jasa audit laporan keuangan tahunan.
 Other Services Provided by the Public       The Public Accounting Firm did not provide any services other than the annual financial statement audit.
 Accounting Firm


Berikut adalah KAP yang melakukan audit atas Laporan Keuangan                    The following are KAP’s which was providing audit for the Company’s
konsolidasian Perseroan dalam 5 (lima) tahun terakhir:                           Consolidated Financial Statements in the last 5 (five) years:


                             Kantor Akuntan Publik                             Akuntan Publik
  Tahun                      Public Accounting Firm                           Public Accountant
                                                                                                                                              Biaya
   Buku                Nama Kantor                                                                                  Opini
                                                                                             No. Izin                                          Fee
 Financial           Akuntan Publik                  No. Izin                                                      Opinion
                                                                           Auditor           License                                        (Rp | IDR)
   Year               Name of Public             License Number
                                                                                             Number
                     Accounting Firm
   2025         Purwanto Susanti & Surja         69/MK/SK/2025             Daniel            AP.1814         Wajar dalam semua          2.750.000.000
                                                                                                              hal yang material
                                                                                                              Fair, in all material
                                                                                                                   respects

   2024       Purwantono, Sungkoro & Surja         603/KM.1/2015           Agung             AP.0687       Wajar dalam semua hal         4.000.000.000
                (Ernst & Young Indonesia)                                 Purwanto                             yang material
                                                                                                            Fair, in all material
                                                                                                                  respects

    2023      Purwantono, Sungkoro & Surja         603/KM.1/2015           Agung             AP.0687       Wajar dalam semua hal         3.850.000.000
                (Ernst & Young Indonesia)                                 Purwanto                             yang material
                                                                                                            Fair, in all material
                                                                                                                  respects

   2022       Purwantono, Sungkoro & Surja         603/KM.1/2015           Agung             AP.0687       Wajar dalam semua hal         3.700.000.000
                (Ernst & Young Indonesia)                                 Purwanto                             yang material
                                                                                                            Fair, in all material
                                                                                                                  respects

    2021      Purwantono, Sungkoro & Surja         603/KM.1/2015        Deden Riyadi         AP.0692       Wajar dalam semua hal         3.200.000.000
                (Ernst & Young Indonesia)                                                                      yang material
                                                                                                            Fair, in all material
                                                                                                                  respects




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Lembaga/Profesi Penunjang Pasar Modal
Capital Market Supporting Institutions/Professions
             Akuntan Publik dan Kantor Akuntan Publik                                                       Biro Administrasi Efek
            Public Accountant and Public Accounting Firm                                                 Stock Administration Bureau
Nama Perusahaan                                                                    Nama Perusahaan
                            Purwanto Susanti & Surja                                                            PT Datindo Entrycom
Company Name                                                                       Company Name

Alamat                      Indonesia Stock Exchange Building                      Alamat                       Jl. Hayam Wuruk No. 28 Jakarta 10120, Indonesia
Address                     Tower 2, 7th Floor                                     Address                      Tel : +62 21 350 8077
                            Jl. Jend. Sudirman Kav. 52-53                                                       Fax : +62 21 350 8078
                            Jakarta 12190, Indonesia                                                            E-mail : dm@datindo.com

Jasa yang Diberikan         Jasa audit dan lainnya untuk Laporan Keuangan          Jasa yang Diberikan          Jasa Administrasi Saham Pasar Sekunder,
Services Provided           Konsolidasian Perusahaan dan lainnya untuk             Services Provided            berupa pencatatan daftar Pemegang Saham dan
                            Tahun buku 2025                                                                     pencatatan atas perubahan-perubahan pada
                            Audit service and others on the Consolidated                                        daftar Pemegang Saham atas nama perusahaan
                            Financial Statement and others of the Company                                       yang tercatat di Bursa Efek Indonesia.
                            for the 2025 Financial Year                                                         Secondary Market Stock Administration
                                                                                                                Services, in the form of recording the list of
Biaya                       Rp2.750.000.000                                                                     Shareholders and recording changes to the list
Fee                         IDR2,750,000,000                                                                    of Shareholders on behalf of companies listed on
                                                                                                                the Indonesia Stock Exchange
Periode Penugasan           2025
Assignment Period                                                                  Biaya                        Rp44.400.000
                                                                                   Fee                          IDR44,400,000

                                                                                   Periode Penugasan            2025
                                                                                   Assignment Period




                              Pengawas Pasar Modal                            Bursa Efek Indonesia                          Jasa Kustodian Saham
                             Capital Market Supervisor                      Indonesia Stock Exchange                       Stock Custodian Services
Nama Perusahaan             Otoritas Jasa Keuangan (OJK)
Company Name                                                                 PT Bursa Efek Indonesia                   PT Kustodian Sentral Efek Indonesia
                             Financial Services Authority
Alamat                Gedung Soemitro Djojohadikusumo/Soemitro       Gedung Bursa Efek Indonesia/Indonesian        Gedung Bursa Efek Indonesia/Indonesia Stock
Address                       Djojohadikusumo Building              Stock Exchange Building, Tower 1 Jl. Jend.            Exchange Building, Tower 1, Lt. 5
                          Jalan Lapangan Banteng Timur 2-4         Sudirman Kav. 52-53, Jakarta 12190, Indonesia    Jl. Jend. Sudirman kav. 52-53, Jakarta 12190
                                    Jakarta 10710                              Tel : +62 21 515 0515                                 Indonesia
                                                                               Fax: +62 21 515 4153
                                                                             Website : www.idx.co.id
                                                                            E-mail : listing@idx.co.id

Jasa yang Diberikan        Sebagai regulator yang melakukan         Menyediakan infrastruktur perdagangan dan       Jasa Penyimpanan Saham /Bank Kustodian
Services Provided       pengawasan dan menerbitkan peraturan                     pencatatan efek                   Stock Custodian Services/Custodian Bank
                                 terkait pasar modal                   Providing trading infrastructure and
                      As regulator who supervises and issues the                securities listing
                           regulation related capital market
Biaya                               Rp150.000.000                                 Rp277.500.000                                    Rp11.100.000
Fee                                IDR150,000,000                                IDR277,500,000                                   IDR11,100,000

Periode Penugasan                       2025                                           2025                                            2025
Assignment Period




118       Laporan Tahunan 2025 Annual Report
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                                                                                                                             Profil Perusahaan
                                                                                                                              Company Profile




                                                                    Informasi Website Perseroan
                                                               Information on the Company Website
Perseroan mengimplementasikan prinsip tata kelola perusahaan                 The Company implements Good Corporate Governance principles by
yang baik (Good Corporate Governance) dengan memenuhi Peraturan              complying with the Financial Services Authority Regulation (POJK)
Otoritas Jasa Keuangan (POJK) Nomor 8/POJK.04/2015 tentang                   Number 8/POJK.04/2015 concerning Issuer or Public Company
Situs Web Emiten atau Perusahaan Publik. Perseroan memiliki situs            Websites. The Company has an official website www.ssms.co.id
web (website) resmi www.ssms.co.id yang dapat diakses oleh para              which is accessible for stakeholders. The Company’s website
pemangku kepentingan. Situs web Perseroan memuat informasi                   provides bilingual information that includes:
dalam format bilingual yang memuat:
1. Informasi umum emiten atau perusahaan publik;                             1.   General information about the public company or issuer;
2. Informasi bagi pemodal atau investor;                                     2.   Information for investors;
3. Informasi tata kelola perusahaan;                                         3.   Corporate governance information; and
4. Informasi tanggung jawab sosial perusahaan.                               4.   Corporate social responsibility information.


                       Cakupan Informasi                             Ketersediaan                               Keterangan
                       Information Scope                              Availability                              Description

 Informasi Pemegang Saham sampai dengan pemilik akhir individu.                       Informasi ini tersedia pada laman Tentang Kami > Struktur Kami.
 Shareholders Information up to the individual ultimate beneficial                     This Information is available on the Who We Are tab > Our
 owner.                                                                               Structure.

                                                                                      Informasi ini tersedia pada laman More > Tata Kelola > Dokumen
 Isi Kode Etik.                                                                       Perusahaan > Kode Etik Perusahaan.
 Content of the Code of Conduct.                                                      This Information is available on the More tab > Governance
                                                                                      >Company Documents > Company Code of Conduct.

 Informasi Rapat Umum Pemegang Saham (RUPS) paling kurang
 meliputi bahan mata acara yang dibahas dalam RUPS, ringkasan
 risalah RUPS, dan informasi tanggal penting yaitu tanggal
 pengumuman RUPS, tanggal pemanggilan RUPS, tanggal RUPS,                             Informasi ini tersedia pada laman More > RUPS > Keputusan
 serta tanggal ringkasan risalah RUPS diumumkan.                                      RUPS.
 Information regarding General Meeting of Shareholders (GMS) to                       This Information is available on the More tab > RUPS > RUPS
 include at least meeting agenda discussed in the GMS, summary of                     Result.
 GMS minutes, and information on important dates, namely the date
 of GMS announcement, date of GMS invitation, date of GMS, and
 date of summary of GMS minutes announced.

                                                                                      Informasi ini tersedia pada laman Hubungan Investor >
 Laporan Keuangan Tahunan terpisah (5 tahun terakhir).                                Pernyataan Keuangan.
 Individual Financial Statements (last 5 years).                                      This information is available on the Investor Relations tab
                                                                                      >Financial Statement.

 Profil Dewan Komisaris dan Direksi.                                                   Informasi ini tersedia pada laman More > Manajemen.
 Profile of Board of Commissioners and Board of Directors.                             This Information is available on the More tab > Management.

 Piagam/Charter Dewan Komisaris, Direksi, Komite-komite, dan
                                                                                      Informasi ini tersedia pada laman More > Tata Kelola > Charter.
 Unit Audit Internal.
                                                                                      This Information is available on the More tab > Governance
 Charter of the Board of Commissioners, Board of Directors,
                                                                                      >Charter.
 Committees, and Internal Audit Unit.




                                                                                                              PT Sawit Sumbermas Sarana Tbk         119
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04

Analisis &
Pembahasan
Manajemen
Management
Discussion &
Analysis




120   Laporan Tahunan 2025 Annual Report
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Analisis & Pembahasan Manajemen
 Management Discussion & Analysis




  PT Sawit Sumbermas Sarana Tbk     121
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Tinjauan Perekonomian dan Industri
Economic and Industrial Review

ANALISIS KONDISI PEREKONOMIAN GLOBAL DAN                                         ANALYSIS OF GLOBAL AND NATIONAL
NASIONAL                                                                         ECONOMIC CONDITIONS’

Tahun 2025 ditandai oleh dinamika ekonomi global yang tetap                      The year 2025 is expected to be characterised by continued global
tumbuh, namun dengan momentum yang lebih terkendali.                             economic growth, albeit at a more moderate pace. The International
International Monetary Fund (IMF) memproyeksikan pertumbuhan                     Monetary Fund (IMF) projects global growth of approximately 3.2%,
ekonomi global sebesar sekitar 3,2%, sedikit melambat dibandingkan               slightly lower than the 3.3% recorded in 2024. This deceleration
3,3% pada tahun 2024. Perlambatan ini mencerminkan kombinasi                     reflects a combination of geopolitical tensions, trade policy
tekanan geopolitik, ketidakpastian kebijakan perdagangan, serta                  uncertainties, and the ongoing normalisation of monetary policy
normalisasi kebijakan moneter di sejumlah negara maju. Dunia                     across several advanced economies. As such, the global economy
memasuki fase “pertumbuhan moderat”, di mana ekspansi tetap                      is entering a phase of “moderate growth,” where expansion persists
berlangsung tetapi tanpa akselerasi signifikan.                                  but without significant acceleration.

Dalam konteks komoditas, fase pertumbuhan global yang lebih                      In the commodities sector, this more cautious growth phase has
hati-hati berdampak langsung pada pola permintaan minyak nabati,                 direct implications for demand patterns in edible oils, including
termasuk minyak sawit mentah (CPO). Permintaan dari negara-                      crude palm oil (CPO). Demand from major importing markets such as
negara importir utama seperti India, Tiongkok, dan Uni Eropa tetap               India, China, and the European Union is expected to remain resilient,
ada, namun cenderung lebih sensitif terhadap harga dan substitusi                although increasingly sensitive to price dynamics and substitution
dengan minyak nabati lainnya seperti soybean oil dan sunflower oil.              with alternative edible oils such as soybean and sunflower oil.
Volatilitas harga menjadi karakter utama pasar sepanjang 2025.                   Consequently, price volatility is likely to remain a defining feature
                                                                                 of the market throughout 2025.

Di sisi lain, stabilisasi inflasi global memberikan ruang bagi sejumlah          Meanwhile, the stabilisation of global inflation is expected to create
bank sentral untuk mulai melonggarkan kebijakan moneternya secara                room for several central banks to gradually ease their monetary
bertahap. Namun, pelonggaran tersebut tidak agresif, sehingga                    policies. However, such easing is likely to be measured rather than
biaya pendanaan global masih relatif tinggi dibandingkan periode                 aggressive, resulting in global funding costs remaining relatively
pra-pandemi. Kondisi ini memengaruhi arus investasi portofolio ke                elevated compared to the pre-pandemic period. This condition
negara berkembang, termasuk Indonesia, serta berdampak pada                      may influence portfolio investment flows to emerging markets,
nilai tukar dan biaya impor.                                                     including Indonesia, and potentially affect exchange rate stability
                                                                                 as well as import costs.
 Grafik Permintaan CPO Tahun 2023-2025 (Juta Ton)
 Graph of CPO Demand for 2023-2025 (Million Ton)


                                India                                 Tiongkok                                        Eropa




                  2023         2024          2025          2023           2024        2025                2023       2024        2025


                                                          Sumber | Source : Oil World Trade


Beralih ke domestik, ekonomi Indonesia menunjukkan ketahanan                     Turning to the domestic, Indonesia’s economy demonstrates solid
yang kuat dengan pertumbuhan sebesar 5,11% pada 2025, meningkat                  resilience, with growth projected at 5.11% in 2025, up from 5.03% in
dari 5,03% pada 2024. Pertumbuhan ini didukung oleh konsumsi                     2024. This expansion is supported by stable household consumption,
rumah tangga yang stabil, belanja pemerintah yang terjaga,                       sustained government spending, and continued investment growth in
serta investasi sektor riil yang tetap tumbuh. Stabilitas makro                  the real sector. Such macroeconomic stability provides a favourable

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                                                                                                                                     Analisis & Pembahasan Manajemen
                                                                                                                                      Management Discussion & Analysis




ini memberikan fondasi yang positif bagi sektor agribisnis dan                                   foundation for agribusiness and commodity-based manufacturing
manufaktur berbasis komoditas.                                                                   industries.

Bagi industri kelapa sawit, stabilitas pertumbuhan domestik sangat                               For the palm oil industry, stable domestic growth is particularly
relevan karena konsumsi dalam negeri—terutama untuk program                                      significant, as local consumption—especially through biodiesel
biodiesel—menjadi penyangga penting ketika ekspor menghadapi                                     programmes—serves as an important buffer when export markets
tekanan harga global. Program mandatori biodiesel (B35/B40) terus                                are affected by global price pressures. The mandatory biodiesel
berperan sebagai stabilizer permintaan CPO domestik, mengurangi                                  programmes (B35/B40) continue to play a stabilising role in
ketergantungan pada fluktuasi pasar ekspor.                                                      supporting domestic CPO demand, thereby reducing reliance on
                                                                                                 fluctuations in export markets.


 Konsumsi Biodiesel di Indonesia (Juta KL)
 Biodiesel Consumption. In Indonesia (Million KL)
                                                 8,5




                                                                     9,3




                                                                                         10,45



                                                                                                             12,15




                                                                                                                                 13




                                                                                                                                                     14,2
                                         2020                 2021               2022                2023                2024                2025
                                         (B30)               (B30)               (B30)               (B35)               (B35)               (B40)


         Sumber | Source: APROBI, Kementerian Energi dan Sumber Daya Mineral (ESDM), Reuters (diolah) | APROBI, Ministry of Energy and Mineral Resources (ESDM), Reuters (managed)


Namun demikian, tantangan tetap hadir dalam bentuk fluktuasi nilai                               However, challenges remain, particularly in the form of fluctuations
tukar rupiah terhadap dolar AS. Mengingat harga CPO ditransaksikan                               in the rupiah exchange rate against the US dollar. As CPO prices are
dalam dollar, pergerakan kurs memengaruhi margin perusahaan                                      denominated in US dollars, exchange rate movements have a direct
sawit secara langsung. Pelemahan rupiah dapat meningkatkan                                       impact on the margins of palm oil companies. While a weaker rupiah
pendapatan berbasis ekspor, tetapi juga meningkatkan biaya input                                 may enhance export-based revenues, it can also increase the cost
tertentu.                                                                                        of certain imported inputs.

Selain faktor eksternal, tekanan keberlanjutan global juga semakin                               Beyond external economic factors, global sustainability pressures
kuat. Regulasi seperti EU Deforestation Regulation (EUDR)                                        continue to intensify. Regulations such as the EU Deforestation
memperketat standar keberlanjutan dan ketelurusran produk                                        Regulation (EUDR) are raising the bar for sustainability and
(traceability). Hal ini mendorong produsen untuk meningkatkan                                    traceability standards. This development is prompting producers
tata kelola dan sistem pelacakan rantai pasok.                                                   to strengthen governance practices and enhance supply chain
                                                                                                 traceability systems.

Secara keseluruhan, tahun 2025 merupakan periode stabil namun                                    Overall, 2025 represents a period of stability that nonetheless
penuh disiplin. Dunia tidak menunjukan adanya peningkatan                                        requires disciplined execution. The global economy is neither
komoditas, tetapi juga tidak mengalami kontraksi yang signifikan.                                experiencing a commodity boom nor entering a contraction phase.
Dalam kondisi seperti ini, keunggulan kompetitif tidak lagi hanya                                In such an environment, competitive advantage is no longer driven
ditentukan oleh harga tinggi, melainkan oleh efisiensi biaya,                                    solely by favourable pricing, but increasingly by cost efficiency,
produktivitas kebun, dan integrasi hilir.                                                        plantation productivity, and downstream integration.

Bagi SSMS, lanskap makro perekonomian 2025 menuntut penerapan                                    For SSMS, the macroeconomic landscape 2025 demands the
strategi yang adaptif dan berorientasi jangka panjang. Upaya utama                               implementation of an adaptive and long-term oriented strategy. The
yang perlu dilakukan mencakup pemeliharaan struktur biaya yang                                   main efforts that need to be made include maintaining an efficient
efisien, peningkatan hasil produksi (yield) melalui optimalisasi praktik                         cost structure, increasing yield through optimizing agronomic


                                                                                                                                        PT Sawit Sumbermas Sarana Tbk                123
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agronomi, serta penguatan ketahanan arus kas guna menghadapi                                   practices, and strengthening cash flow resilience to face potential
potensi volatilitas harga komoditas. Pendekatan ini tidak hanya                                commodity price volatility. This approach is not only relevant to
relevan untuk menjaga daya saing perusahaan, tetapi juga krusial                               maintain the company’s competitiveness, but also crucial in ensuring
dalam memastikan keberlanjutan operasional di tengah dinamika                                  operational sustainability amidst dynamic global market dynamics.
pasar global yang penuh dinamika.

Analisis Industri Kelapa Sawit dan                                                             Analysis of the Palm Oil Industry and the
Posisi Perseroan di Industri                                                                   Company’s Position in the Industry
Industri kelapa sawit global pada 2025 bergerak dalam fase                                     The global palm oil industry in 2025 is entering a phase of price
normalisasi harga setelah periode volatilitas tinggi pada 2022–2023.                           normalisation following the period of heightened volatility observed
Rata-rata harga CPO sepanjang 2025 berada di kisaran USD 850–900                               in 2022–2023. The average CPO price throughout 2025 is expected
per metrik ton, lebih rendah dibandingkan puncak tahun-tahun                                   to range between USD 850 and USD 900 per metric tonne, lower than
sebelumnya. Penurunan ini terutama dipengaruhi oleh peningkatan                                the peaks recorded in previous years. This moderation is primarily
produksi global serta tekanan substitusi minyak nabati lain.                                   driven by increased global supply and competitive pressure from
                                                                                               alternative edible oils.

Di Indonesia, produksi CPO relatif stabil dengan kecenderungan                                 In Indonesia, CPO production remains relatively stable, with a
peningkatan moderat seiring perbaikan produktivitas dan kondisi                                moderate upward trend supported by improving productivity and
cuaca yang lebih kondusif dibandingkan tahun sebelumnya. Namun,                                more favourable weather conditions compared to prior years.
peningkatan produksi global menciptakan tekanan terhadap harga                                 Nevertheless, the rise in global production continues to exert
internasional.                                                                                 downward pressure on international prices.

 Grafik Proyeksi Rata-Rata Harga Minyak Sawit
 Graph of Average Palm Oil Price Projection (USD/mt)


                                                                                       10.60                                10.80
                       10.50
                                                       10.30
                                                                                                                                             850




                       2023                            2024                             2025                            2026                  2027


                                                               Sumber: World Bank, Commodity Markets Outlook Oktober 2025
                                                               Source: World Bank, Commodity Markets Outlook October 2025



Di sisi permintaan, program biodiesel domestik menjadi penopang                                On the demand side, the domestic biodiesel programme remains a
utama industri. Mandatori B35/B40 meningkatkan serapan CPO                                     key pillar of the industry. The B35/B40 mandate increases domestic
dalam negeri, sehingga membantu menjaga keseimbangan pasar                                     absorption of CPO, thereby helping to maintain balance in the local
domestik. Tanpa program ini, tekanan ekspor kemungkinan akan                                   market. Without this programme, pressure on export channels would
lebih besar.                                                                                   likely be more pronounced.

Dari perspektif operasional, industri menghadapi tantangan kenaikan                            From an operational standpoint, the industry continues to face
biaya pupuk, upah, dan logistik. Oleh karena itu, perusahaan yang                              challenges in the form of rising fertiliser, labour, and logistics costs.
memiliki efisiensi kebun tinggi, tingkat ekstraksi minyak (OER) yang                           As a result, companies with strong plantation efficiency, optimal oil
optimal, serta integrasi pabrik yang kuat akan memiliki keunggulan                             extraction rates (OER), and well-integrated processing facilities are
kompetitif.                                                                                    better positioned to sustain a competitive advantage.

Dengan mempertimbangkan seluruh dinamika tersebut, tahun                                       Taking these dynamics into account, 2025 may be viewed as a period
2025 dapat dikategorikan sebagai periode seleksi alami industri.                               of industry consolidation. Companies that rely primarily on favourable
Perusahaan yang bergantung pada harga tinggi akan mengalami                                    pricing conditions are likely to face greater pressure, while those
tekanan, sementara perusahaan yang fokus pada produktivitas,                                   that prioritise productivity, efficiency, and sustainability—such as
efisiensi, dan keberlanjutan—seperti SSMS—memiliki peluang untuk                               SSMS—are well positioned to preserve margins and strengthen
mempertahankan margin dan memperkuat posisi di pasar.                                          their market standing.


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                                                                                                     Analisis & Pembahasan Manajemen
                                                                                                      Management Discussion & Analysis




                                                                                                       Strategi Bisnis
                                                                                                       Business Strategy

Pada tahun 2025, PT Sawit Sumbermas Sarana Tbk menjalankan               In 2025, PT Sawit Sumbermas Sarana Tbk implemented a business
strategi bisnis yang berfokus pada penguatan fundamental                 strategy focused on strengthening operational fundamentals to
operasional guna menjaga ketahanan kinerja di tengah dinamika            maintain performance resilience amid the dynamics of the palm
industri kelapa sawit. Perseroan fokus pada peningkatan efisiensi        oil industry. The Company emphasised improving cost efficiency
biaya dan produktivitas sebagai faktor utama yang dapat dikendalikan     and productivity as key factors within its direct control, thereby
secara langsung, sehingga mampu menjaga stabilitas margin dan            supporting margin stability and long-term business sustainability.
keberlanjutan usaha. Optimalisasi pengelolaan kebun serta strategi       The optimisation of plantation management and external raw
pengadaan bahan baku eksternal dilakukan secara terukur untuk            material procurement was carried out in a measured manner to
memastikan kesinambungan pasokan dan mendukung tingkat                   ensure supply continuity while supporting optimal mill utilisation
utilisasi pabrik yang optimal.                                           rates.

Sejalan dengan upaya memperkuat daya saing jangka panjang,               In line with its efforts to strengthen long-term competitiveness,
Perseroan mengalokasikan belanja modal sekitar Rp510 miliar              the Company allocated capital expenditure of approximately
yang difokuskan pada pengembangan infrastruktur perkebunan,              IDR510 billion, primarily directed towards plantation infrastructure
digitalisasi operasional, modernisasi peralatan, serta peningkatan       development, equipment modernisation, and the expansion of
kapasitas pengolahan. Investasi ini diarahkan untuk meningkatkan         processing capacity. These investments were aimed at enhancing
efisiensi operasional sekaligus memperkuat integrasi rantai nilai dari   operational efficiency while reinforcing value chain integration
hulu hingga hilir. Melalui pengelolaan perkebunan yang berkelanjutan     from upstream to downstream. Through sustainable plantation
dan pengembangan produk turunan bernilai tambah, Perseroan               management and the development of value-added derivative
berupaya memperkuat posisi di pasar sekaligus meningkatkan               products, the Company sought to strengthen its market position
kontribusi terhadap pertumbuhan kinerja yang berkelanjutan.              while contributing to sustainable performance growth.

Selain penguatan internal, Perseroan juga menjalankan langkah            In addition to strengthening internal capabilities, the Company
strategis melalui ekspansi anorganik guna memperluas basis aset          also pursued strategic initiatives through inorganic expansion
dan mendukung pertumbuhan jangka panjang. Akuisisi entitas usaha         to broaden its asset base and support long-term growth. The
baru PT Sawit Mandiri Lestari senilai Rp1,6 triliun pada tahun 2025      acquisition of PT Sawit Mandiri Lestari, valued at IDR1.6 trillion in
menjadi bagian dari strategi untuk meningkatkan skala operasional        2025, formed part of the Company’s strategy to expand operational
dan memperkuat portofolio usaha. Dengan kombinasi antara                 scale and strengthen its business portfolio. Through a combination
efisiensi operasional, investasi produktif, dan ekspansi strategis,      of operational efficiency, productive investment, and strategic
Perseroan optimistis dapat menjaga momentum pertumbuhan                  expansion, the Company remains confident in its ability to sustain
sekaligus memperkuat daya tahan bisnis dalam menghadapi                  growth momentum while reinforcing business resilience in navigating
tantangan industri ke depan.                                             future industry challenges.




                                                                                                       PT Sawit Sumbermas Sarana Tbk     125
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Aspek Pemasaran
Marketing Aspect

Pada tahun 2025, strategi pemasaran PT Sawit Sumbermas                  In 2025, PT Sawit Sumbermas Sarana Tbk’s marketing strategy was
Sarana Tbk diarahkan untuk memperkuat posisi Perseroan sebagai          directed towards strengthening its position as an integrated palm
produsen kelapa sawit terintegrasi yang mampu menciptakan nilai         oil producer capable of generating sustainable value across the
tambah berkelanjutan di sepanjang rantai nilai. Perseroan tidak lagi    value chain. The Company no longer focuses solely on the sale of
berfokus semata pada penjualan crude palm oil (CPO), tetapi secara      crude palm oil (CPO), but has consistently expanded the marketing
konsisten mengembangkan pemasaran produk hilir seperti RBD              of downstream products such as RBD olein and stearin as part of
olein dan stearin sebagai bagian dari transformasi menuju model         its transformation towards a more resilient business model. This
bisnis yang lebih resilien. Pendekatan ini memungkinkan Perseroan       approach enables the Company to enhance revenue stability while
untuk meningkatkan stabilitas pendapatan sekaligus mengurangi           reducing exposure to commodity price volatility.
eksposur terhadap volatilitas harga komoditas.

Perseroan juga menempatkan penguatan rantai pasok sebagai bagian        The Company also places supply chain strengthening as an integral
integral dari strategi pemasaran. Melalui optimalisasi pasokan tandan   part of its marketing strategy. Through the optimisation of fresh
buah segar, baik dari kebun inti maupun mitra eksternal, Perseroan      fruit bunch supply, sourced from both nucleus estates and external
memastikan keberlanjutan volume produksi yang mampu mendukung           partners, the Company ensures sustainable production volumes
kebutuhan pasar domestik dan internasional. Fleksibilitas pasokan       to meet both domestic and international market demand. This
ini menjadi keunggulan strategis dalam menjaga kesinambungan            supply flexibility serves as a strategic advantage in maintaining
penjualan sekaligus memperluas penetrasi pasar, terutama untuk          sales continuity while expanding market penetration, particularly
produk hilir yang memiliki permintaan lebih stabil.                     for downstream products with more stable demand.

Dalam menghadapi dinamika industri global, Perseroan terus              In navigating global industry dynamics, the Company continues to
memperluas jangkauan pasar dengan memanfaatkan kapasitas                expand its market reach by leveraging its integrated processing
pengolahan dan jaringan distribusi yang terintegrasi. Pendekatan        capacity and distribution network. This value-added marketing
pemasaran berbasis nilai tambah ini memungkinkan Perseroan untuk        approach enables the Company to strengthen its competitiveness
memperkuat daya saing di pasar ekspor sekaligus memanfaatkan            in export markets while capitalising on growing domestic demand
pertumbuhan permintaan domestik yang didorong oleh program              driven by national downstreaming initiatives and renewable energy
hilirisasi nasional dan kebutuhan energi terbarukan. Dengan strategi    requirements. Through this strategy, the Company seeks to position
ini, Perseroan berupaya menempatkan diri tidak hanya sebagai            itself not merely as a raw material supplier, but as a provider of
pemasok bahan baku, tetapi sebagai penyedia produk kelapa sawit         high-value palm oil products.
bernilai tinggi.

Secara keseluruhan, langkah pemasaran yang berfokus pada hilirisasi,    Overall, marketing initiatives focused on downstream development,
integrasi rantai pasok, dan perluasan pasar telah memperkuat            supply chain integration, and market expansion have reinforced the
kontribusi Perseroan dalam industri kelapa sawit nasional. Skala        Company’s contribution to the national palm oil industry. A solid
produksi yang solid serta kemampuan pengolahan lanjutan                 production scale combined with advanced processing capabilities
memberikan landasan bagi Perseroan untuk mempertahankan                 provides a strong foundation for maintaining market share and
pangsa pasar dan meningkatkan relevansi di tengah perubahan             enhancing relevance amid shifting global demand dynamics.
lanskap permintaan global. Strategi ini mencerminkan komitmen           This strategy reflects the Company’s commitment to achieving
Perseroan untuk menciptakan pertumbuhan yang berkelanjutan              sustainable growth while strengthening its competitive position
sekaligus memperkuat posisi kompetitif di masa depan.                   for the future.

Hingga tahun 2025, Perseroan telah melayani pasar dalam negeri          As of 2025, the Company has served the domestic market by 25.83%,
sebanyak 25,83% atau setara dengan 240.013 MT atau Rp3,83 triliun.      equivalent to 240,013 MT, or Rp3.83 trillion. The remaining 74.17%, or
Sisanya sebesar 74,17% atau 689.175 MT atau senilai Rp10,99 triliun     689,175 MT or worth Rp10.99 trillion, were allocated to international
ditujukan untuk pasar luar negeri.                                      markets.




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                                                                                                                               Analisis & Pembahasan Manajemen
                                                                                                                                Management Discussion & Analysis




                                                                                                                                 Prospek Usaha
                                                                                                                                Business Prospect

PROSPEK PEREKONOMIAN INDONESIA TAHUN 2026                                                    2026 INDONESIAN ECONOMIC OUTLOOK

Memasuki tahun 2026, perekonomian Indonesia diproyeksikan                                    Entering 2026, Indonesia’s economy is projected to remain on
tetap berada pada jalur pertumbuhan yang kuat dengan momentum                                a strong growth trajectory with improving momentum. Various
yang semakin membaik. Berbagai proyeksi menunjukkan bahwa                                    projections suggest that economic growth may range from around
pertumbuhan ekonomi berpotensi berada di kisaran 5% hingga                                   5% to above 5%, supported by solid domestic consumption,
di atas 5%, didorong oleh konsumsi domestik yang tetap solid,                                increased investment, and the continued implementation of the
peningkatan investasi, serta keberlanjutan agenda pembangunan                                national development agenda. The resilience of the domestic sector,
nasional. Ketahanan sektor domestik yang didukung oleh stabilitas                            underpinned by stable inflation and consistent macroeconomic
inflasi dan kebijakan makroekonomi yang konsisten menjadi fondasi                            policies, provides a strong foundation for sustainable growth while
penting bagi keberlanjutan pertumbuhan, sekaligus memperkuat                                 enhancing the economy’s ability to withstand global dynamics.
daya tahan ekonomi terhadap dinamika global.

Selain itu, peningkatan kepercayaan investor terhadap prospek                                Furthermore, improving investor confidence in Indonesia’s economic
ekonomi Indonesia diperkirakan akan mendorong arus investasi yang                            outlook is expected to drive stronger investment inflows, both
lebih kuat, baik dari dalam maupun luar negeri. Dengan dukungan                              domestic and foreign. Supported by infrastructure spending,
belanja infrastruktur, transformasi ekonomi, serta penguatan                                 economic transformation initiatives, and the strengthening of the
sektor industri dan energi, perekonomian nasional memiliki peluang                           industrial and energy sectors, the national economy has the potential
untuk tumbuh secara lebih inklusif dan berkelanjutan. Kondisi ini                            to grow in a more inclusive and sustainable manner. This condition
memberikan ruang yang lebih luas bagi dunia usaha untuk melakukan                            creates broader opportunities for businesses to expand and generate
ekspansi dan menciptakan nilai tambah, sehingga menjadikan                                   added value, making 2026 a year filled with prospects for Indonesia’s
tahun 2026 sebagai periode yang penuh peluang bagi pertumbuhan                               economic growth.
ekonomi Indonesia.


 Tabel Asumsi Dasar Ekonomi Makro Jangka Menengah Tahun 2024-2028
 Table of Basic Medium Term Macroeconomic Assumptions for 2024-2028

                                   Indikator
                                                                                         2024*             2025              2026*               2027*            2028*
                                   Indicator
 Pertumbuhan Ekonomi | Economic Growth (% yoy)                                                   5,2          5,1 – 5,5          5,3 – 5,6          5,3 – 5,7       5,4 – 5,8

 Inflasi | Inflation (% yoy)                                                                     2,8          1,5 – 3,5         2,0 – 3,0          2,0 – 3,0        2,0 – 3,0

 Nilai Tukar | Exchange Rate (Rp/USD | IDR/USD)                                             15.300     15.300 – 16.000    15.000 – 16.200    15.000 – 16.400        15.000 –
                                                                                                                                                                      16.500

 Tingkat Suku Bunga SBN 10 Tahun | SBN Interest rates – 10 years (%)                             6,7          6,7 – 7,2          6,5 – 7,5          6,5 – 7,6       6,5 – 7,8

 Harga Minyak Mentah Indonesia | Indonesian Crude Oil Prices (US$/                               82            75 - 85            70 - 85            70 - 90          70 - 95
 barrel)

 Lifting Minyak Mentah | Lifting of Crude Oil (ribu barrel per hari |                            605        600 - 620          610 - 630          620 - 640        630 - 650
 thousand barrel per day)

 Lifting Gas | Lifting of Natural Gas (ribu barrel setara minyak per hari                    1.033       1.003 – 1.047      1.020 – 1.060      1.030 – 1.070    1.040 – 1.080
 | thousand barrel per day)
 Sumber: Rencana Anggaran Pendapatan Belanja Negara (RAPBN) 2025, Kementerian Keuangan
 Source: 2025 State Revenue and Expenditure Budget Plan (RAPBN), Ministry of Finance




PROSPEK INDUSTRI SAWIT TAHUN 2026                                                            2026 PALM OIL INDUSTRY OUTLOOK

Prospek industri kelapa sawit pada tahun 2025 dipandang tetap                                The outlook for the palm oil industry in 2025 remains promising,
menjanjikan seiring dengan meningkatnya peran pasar domestik                                 supported by the growing role of the domestic market and stable
dan stabilnya permintaan global terhadap minyak nabati. Produksi                             global demand for vegetable oils. National palm oil production
kelapa sawit nasional diperkirakan terus bertumbuh secara moderat,                           is expected to continue growing at a moderate pace, driven by




                                                                                                                                 PT Sawit Sumbermas Sarana Tbk          127
Page 128
didukung oleh perbaikan produktivitas kebun serta pengelolaan         improvements in plantation productivity and increasingly efficient
operasional yang semakin efisien. Meskipun industri menghadapi        operational management. Despite structural challenges such as
tantangan struktural seperti usia tanaman dan dinamika regulasi       ageing plantations and evolving global regulatory dynamics, the
global, kebutuhan minyak nabati dunia yang terus meningkat            steadily rising global demand for vegetable oils provides a strong
memberikan fondasi yang kuat bagi keberlanjutan pertumbuhan           foundation for the sustainable growth of the palm oil industry.
industri sawit.

Di sisi permintaan, implementasi mandatori biodiesel B40 semakin      On the demand side, the implementation of the B40 biodiesel
mempertegas peran konsumsi domestik sebagai penopang utama            mandate further reinforces the role of domestic consumption as
industri. Program ini tidak hanya memperkuat ketahanan energi         a key pillar of the industry. This programme not only strengthens
nasional, tetapi juga menciptakan permintaan struktural yang stabil   national energy security but also creates a stable structural demand
bagi minyak sawit di dalam negeri. Dengan dukungan kebijakan          for palm oil within the domestic market. Supported by such policy
tersebut, pasar domestik diperkirakan akan terus berkembang           measures, the domestic market is expected to continue expanding
dan menjadi penyeimbang terhadap fluktuasi permintaan ekspor,         and serve as a buffer against fluctuations in export demand, thereby
sehingga meningkatkan ketahanan industri secara keseluruhan.          enhancing overall industry resilience.

Secara global, pertumbuhan konsumsi minyak nabati yang melampaui      Globally, the projected growth in vegetable oil consumption, which is
peningkatan produksi diproyeksikan akan menjaga keseimbangan          expected to outpace production increases, is likely to help maintain
pasar dan mendukung stabilitas harga minyak sawit dalam jangka        market balance and support palm oil price stability in the medium
menengah. Kondisi ini memberikan peluang bagi industri untuk tetap    term. This condition presents an opportunity for the industry to
tumbuh secara berkelanjutan, didukung oleh peran minyak sawit         sustain growth, supported by palm oil’s role as one of the most
sebagai salah satu komoditas yang paling efisien dan kompetitif       efficient and competitive commodities in meeting global food and
dalam memenuhi kebutuhan pangan dan energi dunia.                     energy needs.

PROSPEK USAHA PERSEROAN                                               COMPANY BUSINESS OUTLOOK

Memasuki tahun 2026, Perseroan memandang prospek usaha tetap          Entering 2026, the Company views its business outlook as positive,
positif seiring dengan berlanjutnya dukungan dari permintaan          supported by continued domestic and global demand. Domestic
domestik dan global. Konsumsi dalam negeri yang didorong oleh         consumption driven by the biodiesel programme is expected to
program biodiesel diperkirakan akan terus memberikan kontribusi       continue contributing significantly to market stability, while also
signifikan terhadap stabilitas pasar, sekaligus membuka peluang       creating opportunities for the Company to enhance production
bagi Perseroan untuk meningkatkan penyerapan produksi dan             absorption and strengthen its position within the palm oil value chain.
memperkuat posisi di rantai nilai industri kelapa sawit.

Dengan dukungan fundamental industri yang solid, Perseroan            Supported by solid industry fundamentals, the Company remains
optimistis dapat mempertahankan momentum pertumbuhan                  optimistic about maintaining its growth momentum through
melalui peningkatan efisiensi operasional, penguatan kapasitas        improved operational efficiency, strengthened production capacity,
produksi, serta pemanfaatan peluang pasar yang semakin terbuka.       and the effective capture of emerging market opportunities. The
Kombinasi antara permintaan yang kuat dan strategi pengelolaan        combination of strong demand and adaptive management strategies
yang adaptif diyakini akan menjadi landasan bagi Perseroan untuk      is expected to serve as a foundation for creating added value and
terus menciptakan nilai tambah dan memperkuat daya saing di           reinforcing the Company’s competitiveness amid evolving industry
tengah dinamika industri ke depan.                                    dynamics.




 128    Laporan Tahunan 2025 Annual Report
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                                                                                                                                  Analisis & Pembahasan Manajemen
                                                                                                                                   Management Discussion & Analysis




                                                         Tinjauan Operasi Per Segmen Usaha
                                                                                                       Review of Business Segments

Perseroan menjalankan dan mengelola usahanya dalam 2 (dua)                                      The Company operates and manages its business through 2 (two)
segmen yaitu perkebunan kelapa sawit serta menjual produknya di                                 main segments: the palm oil plantation segment, which operates
1 (satu) wilayah yaitu Kalimantan Tengah dan minyak nabati dengan                               in Central Kalimantan, and the vegetable oil segment, with sales
penjualan dilakukan di pasar lokal dan ekspor.                                                  covering both domestic and export markets.

SEGMEN PERKEBUNAN                                                                               PLANTATION SEGMENT

Segmen perkebunan melakukan kegiatan usaha dalam                                                The plantation segment includes business activities related to the
pengembangan dan pemeliharaan terkait tanaman produktif utama                                   development and maintenance of the Company’s primary productive
yaitu kelapa sawit dan aktivitas usaha lainnya yang berkaitan dengan                            crop, namely oil palm, as well as other activities associated with
pengolahan hasil perkebunan menjadi barang jadi, dan aktivitas                                  processing plantation outputs into market-ready products. This
pemasaran dan penjualan terkait.                                                                segment also encompasses related marketing and sales activities.

SEGMEN MINYAK NABATI                                                                            EDIBLE OIL SEGMENT

Segmen Minyak Nabati memproduksi, memasarkan dan menjual                                        The vegetable oil segment covers the production, marketing, and
minyak nabati dan produk terkait lainnya.                                                       sale of vegetable oil and its derivative products.


                                                                                                                  Perkebunan Kelapa Sawit
                                                                                                                     Palm Oil Plantation
                               UPSTREAM


                                                                                                                        Perkebunan yang            Independen/
                                                                  Internal Productions:




                                                                                          Perkebunan Sendiri
               •    Budidaya perkebunan Kelapa Sawit                                                                    Dikelola (Plasma)           Pihak Ketiga
                                                                     ~2 mil MT of FFB




               •    Panen Tandan Buah Segar                                                 Own Plantation             Managed Plantation          Independent/
               •    Penelitian dan Pengembangan untuk                                                                       (Plasma)                Third-Party
                    peningkatan produktivitas/yield
               •    Palm Oil Plantation Cultivation
               •    Fresh Fruit Bunch (FFB) Harvesting                                                                 Tandan Buah Segar
               •    Research and Development to Improve                                                                       (TBS)
                    Productivity/Yield                                                                                 Fresh Fruit Bunches
                                                                                                                              (FFB)


                                                                                                                             Pabrik
                               UPSTREAM
                                                                                                                             Factory
                                                                  Internal production:
                                                                    ~500K MT of CPO




               •    Penggilingan TBS dan penghancuran PK                                   Minyak Sawit Mentah                                      Inti Sawit
               •    Pengilangan untuk produksi produk CPO                                  Crude Palm Oil (CPO)                                  Palm Kernel (PK)
                    dan PK
               •    FFB Milling and PK Crushing
               •    Refining for CPO and PK Production
                                                                                            Pabrik Pengilangan                                Pabrik Penghancuran
                                                                                               Fraksionasi                                          Inti Sawit
                                                                                                 Refinery                                             Kernel
                                                                                            Fractionation Plant                                  Crushing Plant

                             DOWNSTREAM
                                                                  Refinery Capacity:
                                                                   ~850K MT of CPO




                                                                                             Produk CPO Curah                                   Produk PK Curah
                                                                                             Bulk CPO Products                                  Bulk PK Products
               •    Pengolahan lebih lanjut CPO menjadi
                    produk akhir                                                               RBD Palm Oil                                      Palm Kernel Oil
               •    Cabang perdagangan untuk dijual                                           RBD Palm Olein                                   Palm Kernel Expeller
                    kekonsumen akhir produk                                                  RBD Palm Stearin                                   Palm kernel olein
                                                                                          Palm Fatty Acid Distillate
               •    Further Processing of CPO into End
                    Products
               •    Trading Branch for Sales to End-Product
                                                              *Presently not produced
                                                               by CBUT/ downstream




                    Consumers
                                                                                            Produk Campuran/                                 Produk Konsumen Akhir
                                                                                                 Khusus
                                                                     business




                   Operasional dilakukan oleh PT Citra                                                                                       End-Consumer Products
                          Borneo Utama Tbk.                                                 Blended/Specialty
                     Operations are carried out by                                              Products                                        Food and Nutrition
                      PT Citra Borneo Utama Tbk.                                                                                               Beauty and Personal
                                                                                                 Edible Oils                                          Care
                                                                                               Oleochemicals                                  Home Care/Industrials
                                                                                                  Biodiesel



                                                                                                                                       PT Sawit Sumbermas Sarana Tbk   129
Page 130
SEGMEN PERKEBUNAN                                                                PLANTATION SEGMENT

Perseroan menjalankan kegiatan perkebunan dan pemanenan kelapa                   The Company conducts plantation and harvesting activities for
sawit, menghasilkan tandan buah segar yang selanjutnya diolah di                 oil palm, producing fresh fruit bunches which are subsequently
pabrik untuk menjadi (CPO).                                                      processed at palm oil mills into crude palm oil (CPO).


 Produk Segmen Perkebunan
 Product of Plantation Segment


           Tandan Buah Segar                         Inti Sawit                              Minyak Kelapa Sawit                         Minyak Inti Sawit
           Fresh Fruit Bunch                         Palm Kernel                             Crude Palm Oil                              Palm Kernel Oil




Total area perkebunan yang dikelola Perseroan di tahun 2025                      The Company’s total managed plantation area in 2025 reached
mencapai 136.447 ha, yang terdiri dari 77.314 ha perkebunan inti                 136,447 hectares, comprising 77,314 hectares of nucleus plantations
dan 17.500 ha perkebunan plasma. Dari total luas tersebut, 1.221                 and 17,500 hectares of plasma plantations. Of this total area, 1,221
ha merupakan area yang belum menghasilkan, terdiri dari 597                      hectares were classified as immature plantations, consisting of
ha perkebunan inti dan 624 ha perkebunan plasma; 93.726 ha                       597 hectares of nucleus plantations and 624 hectares of plasma
merupakan area yang sudah menghasilkan, dengan rincian 76.850                    plantations. Furthermore, 93,726 hectares were classified as mature
ha perkebunan inti dan 16.876 ha perkebunan plasma; serta 41.500                 plantations, comprising 76,850 hectares of nucleus plantations and
ha tercatat sebagai area perkebunan lainnya, mencakup 26.844 ha                  16,876 hectares of plasma plantations. Meanwhile, 41,500 hectares
perkebunan inti dan 14.656 ha perkebunan plasma.                                 were recorded as other plantation areas, including 26,844 hectares
                                                                                 of nucleus plantations and 14,656 hectares of plasma plantations.




                                                    PKS Malata

                                                   PKS Naga Kiu

                                                PKS Sumber Cahaya

                                                   PKS Sulung

                                           PKS SUJA & PKS Sungai Kuning



                                                  PKS Selangkun


                                                  PKS Natai Baru




                                                                                                                              PKS Kanamit


                                           West Katawaringin PKM
                                                                                                PKS Suayap

                                                                                               Pabrik Biogas




               PT Sawit Sumbermas Sarana        PT Mitra Mendawai Sejati            PT Sawit Multi Utama           PT Mirza Pratama Putra
               • Arut Utara,                    • Umpang                            • Pedongatan                   • Lamandau
               • Kabupaten Kotawaringin         • Runtu                             • Nanga Koring
                  Barat                         • Kabupaten Kotawaringin Barat      • Toka Sepondam                PT Sawit Mandiri Lestari
                                                                                       Merambang                   • Lamandau
               PT Kalimantan Sawit Abadi         PT Tanjung Sawit Abadi             • Batu Tunggal
               • Natai Baru                      • Nanga Koring                     • Kabupaten Lamandau
               • Rungun                          • Sungkup
               • Kabupaten Kotawaringin          • Melata Nanuah                    PT Menteng Kencana Mas
                  Barat                          • Topalan                          • Pulang Pisau
                                                 • Kabupaten Lamandau




 130      Laporan Tahunan 2025 Annual Report
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                                                                                                                Analisis & Pembahasan Manajemen
                                                                                                                 Management Discussion & Analysis




Kinerja Segmen Perkebunan                                                          Plantation Segment Performance

Pada tahun 2025, Perseroan menghasilkan 1.628.452 MT Ton Tandan                    In 2025, the Company produced 1,628,452 MT of Fresh Fruit Bunches
Buah Segar (TBS) dari perkebunan inti, 527.052 MT Minyak Kelapa                    (FFB) from nucleus estate, 527,052 MT of Crude Palm Oil, 104,130
Sawit, 104.130 MT Inti Sawit, dan 15.379 MT Minyak Inti Sawit.                     MT of Palm Kernel, and 15,379 MT of Palm Kernel Oil.
 Tabel Volume Produksi Produk Sawit Tahun 2023-2025 (metrik ton)
 Table of Production Volume of Palm Oil Products for 2023-2025 (metric tons)

                                                                                                                         Kenaikan/Penurunan
                   Nama Produk                                                                                            Increase/Decrease
                                                           2025                2024*             2023
                   Product Name
                                                                                                                      Nominal                  %
 Tandan Buah Segar                                           1.628.452           1.562.446          1.723.170                   66.006                4,22
 Fresh Fruit Brunch

 Minyak Kelapa Sawit                                           527.052             461.414           518.819                    65.638               14,23
 Crude Palm Oil

 Inti Sawit                                                    104.130             89.833             99.082                    14.297               15,92
 Palm Kernel

 Minyak Inti Sawit                                               15.379            20.388             22.327                    (5.009)             (24,57)
 Palm Oil Kernel
 *) Disajikan kembali /Restatement


ANALISIS KINERJA SEGMEN                                                            ANALYSIS OF BUSINESS SEGMENT

Produksi Segmen                                                                    Segment Production

Tandan Buah Segar (TBS)                                                            Fresh Fruit Bunches (FFB)
Produk utama Perseroan adalah tandan buah segar (TBS). Di tahun 2025,              The Company’s primary product is Fresh Fruit Bunches (FFB). In
Perseroan berhasil memproduksi TBS dari perkebunan inti sebanyak                   2025, the Company produced 1,628,452 metric tonnes of FFB from
1.628.452 metrik ton, meningkat sebesar 4,22% dibandingkan produksi                its nucleus plantations, representing an increase of 4.22% compared
TBS tahun 2024 sebanyak 1.562.446 metrik ton. Kenaikan ini didorong                to 1,562,446 metric tonnes in 2024. This increase was driven by
oleh peningkatan pelaksanaan rotasi panen serta efektivitas program                improved harvesting rotation and more effective fertilization
pemupukan yang berdampak pada peningkatan produktivitas tanaman.                   programs, which contributed to higher crop productivity.

Minyak Kelapa Sawit                                                                Crude Palm Oil
Dari pengolahan TBS, Perseroan mengelola 2.382.942 MT TBS dan                      Through the processing of FFB, the Company processes 2,382,942
menghasilkan minyak kelapa sawit atau Crude Palm Oil (CPO) di 8                    MT FFB and produces Crude Palm Oil (CPO) at its 8 (eight) Palm Oil
(delapan) Pabrik Kelapa Sawit (PKS) Perseroan yang berada di dalam                 Mills (PKS) located within the plantation areas. The Company is one
perkebunan kelapa sawit. Perseroan merupakan salah satu produsen                   of the largest private CPO producers in Central Kalimantan. CPO
CPO swasta terbesar di provinsi Kalimantan Tengah. CPO diekstraksi                 is extracted from the mesocarp separated from the oil palm fruit.
dari mesocarp yang dipisahkan dari buah kelapa sawit.

Perseroan memproduksi CPO sebanyak 527.052 metrik ton pada tahun                   In 2025, the Company produced 527,052 metric tonnes of CPO with
2025, dengan Oil Extraction Rate (OER) mencapai 22,12%. Jumlah                     an Oil Extraction Rate (OER) of 22.12%. This represents an increase
produksi CPO meningkat sebesar 14,23% dari tahun lalu yang sebesar                 of 14.23% compared to the 461,414 metric tonnes produced in 2024,
461.414 metrik ton dengan OER meningkat sebesar 14,23%. Peningkatan                with OER increasing by 14.23%. This increase was driven by improved
ini didorong oleh perbaikan kualitas TBS yang diolah serta peningkatan             FFB quality and better loss control at the mills.
pengendalian losses di pabrik.

Inti Sawit                                                                         Palm Kernel
Inti sawit atau Palm Kernel (PK) berasal dari biji kelapa sawit yang               Palm Kernel (PK) is derived from the seeds collected during the
dikumpulkan pada saat proses pengolahan. DI tahun 2025, produksi                   milling process. In 2025, PK production reached 104,130 metric
PK mencapai sebesar 104.130 MT, meningkat 15,92% dari 89.833 MT                    tonnes, representing an increase of 15.92% from 89,833 metric
di tahun 2024, sejalan dengan meningkatnya volume TBS yang diolah.                 tonnes in 2024, in line with the higher volume of FFB processed.

Minyak Inti Sawit                                                                  Palm Kernel Oil
Minyak Inti Sawit atau Palm Kernel Oil (PKO) merupakan produk turunan              Palm Kernel Oil (PKO) is a downstream palm-based product. The
sawit. Perseroan memiliki kapasitas dan kapabilitas untuk memproduksi              Company has the capacity and capability to produce PKO through
minyak inti sawit dengan cara mengekstrak biji kelapa sawit di pabrik              the extraction of palm kernels at its Kernel Crushing Plant (KCP).
pengolahan inti sawit, Kernel Crushing Plant (KCP).

                                                                                                                  PT Sawit Sumbermas Sarana Tbk       131
Page 132
Di tahun 2025, Perseroan mencatat produksi Minyak Inti Sawit sebesar                   In 2025, the Company recorded PKO production of 15,379 metric tonnes,
15.379 MT, turun sebesar 24,57% dibandingkan produksi tahun lalu yang                  representing a decrease of 24.57% compared to 20,338 metric tonnes
sebesar 20.338 MT disebabkan oleh adanya perbaikan dan modifikasi                      in 2024. This change was due to machine repairs and modifications
mesin di fasilitas KCP yang berdampak pada penurunan kapasitas                         at the KCP facility, which temporarily reduced production capacity.
produksi sementara.

Pendapatan Segmen                                                                      Segment Revenue
Pada tahun 2025, segmen perkebunan berhasil mencatatkan pendapatan                     In 2025, the plantation segment recorded revenue of IDR842 billion,
sebesar Rp842 miliar, naik sebesar 40,23% atau setara dengan Rp242                     representing an increase of 40.23% or equivalent to IDR242 billion
miliar dibandingkan pendapatan tahun lalu yang sebesar Rp601 miliar                    compared to IDR601 billion in 2024. This change was driven by higher
dikarenakan oleh kenaikan volume produksi serta harga inti sawit.                      production volumes and improved palm kernel prices.. Detailed revenue
Berikut rincian pendapatan dari segmen perkebunan.                                     from the plantation segment is presented in the following table.


 Tabel Pendapatan Segmen Perkebunan (Rp-Miliar)
 Table of Revenue of Plantation Segment (IDR-Billion)

                                                                      Kontribusi                             Kontribusi               Kenaikan/Penurunan
                   Nama Produk                                                                                                         Increase/Decrease
                                                        2025         Contribution         2024*             Contribution
                   Product Name
                                                                         (%)                                    (%)                  Nominal                         %
 Tandan Buah Segar |                                            51              0,34                0                0,00                             51               100,00
 Fresh Fruit Brunch

 Minyak Kelapa Sawit                                            99              0,67              211                2,04                          (112)               (53,08)
 Crude Palm Oil

 Inti Sawit                                                    321              2,17                11               0,11                           310               2.818,18
 Palm Kernel

 Minyak Inti Sawit                                             371              2,50              379                3,66                            (8)                  (2,11)
 Palm Kernel Oil

 Jumlah Pendapatan
                                                               842              5,68              601                5,80                           241                  40,10
 Total Revenue
 *) Disajikan kembali
 Restatement

Profitabilitas Segmen Perkebunan                                                        Plantation Segment Profitability
Segmen perkebunan berkontribusi sebesar 5,68% atau sebesar                             The plantation segment contributed 5.68%, or equivalent to IDR842
Rp842 miliar dari total pendapatan Perseroan di tahun 2025. Berikut                    billion, to the Company’s total revenue in 2025. Detailed profitability
rincian profitabilitas segmen perkebunan.                                              of the plantation segment is presented in the following table.

                                                                                                                                     (dalam miliar Rupiah kecuali dinyatakan lain
                                                                                                                                       in billion Rupiah, unless otherwise stated)

                                                                                                                              Kenaikan/Penurunan
                        Nama Produk                                                                                            Increase/Decrease
                                                                     2025                   2024*
                        Product Name
                                                                                                                           Nominal                               %
 Penjualan                                                                  9.669                        6.748                           2.921                           43,29
 Sales
 Laba Usaha                                                                 2.244                        1.671                             573                           34,29
 Operating Profit
 Aset Segmen                                                                16.051                   13.103                             2.948                            22,50
 Segment Assets
 Liabilitas Segmen                                                          8.981                        6.012                           2.969                           49,38
 Segment Liabilities
 Margin Laba Usaha (%)                                                      23,21                        24,76                           (0,02)                          (6,28)
 Operating Profit Margin (%)
 *) Disajikan kembali
 Restatement

Kinerja Biogas dan Bio-CNG                                                             Biogas and Bio-CNG Performance
Perseroan mengoperasikan Methane Capture melalui pembangunan                           The Company operates methane capture facilities through the
pabrik Biogas dan Bio-CNG. Saat ini Perseroan telah memiliki 2 pabrik                  development of Biogas and Bio-CNG plants. To date, the Company
Biogas dan 1 pabrik Bio-CNG yang mampu memenuhi kebutuhan                              has established 2 (two) Biogas plants and 1 (one) Bio-CNG plant, which
listrik di perkebunan dan desa sekitar sebesar 1500 MW listrik.                        support electricity needs within plantation areas and surrounding
                                                                                       communities, with a total capacity of up to 1.5 MW.

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                                                                                                                    Analisis & Pembahasan Manajemen
                                                                                                                     Management Discussion & Analysis




Segmen Minyak Nabati                                                               Edible Oil Segment
Perseroan melakukan kegiatan usaha dengan memproduksi dan                          The Company conducts business activities by producing and selling
menjual minyak nabati dan produk lainnya yang merupakan produk                     edible oil and other derivative products derived from palm oil.
turunan minyak sawit.


                                                                Produk Segmen Minyak Nabati
                                                                  Product of Edible Oil Segment


      Refine,
                              Asam Lemak
   Bleached and                                                                                     Minyak Inti
                             Sawit Distillate                                                                            Palm Kernel            Lain-lain
    Deodorized                                     Palm Olein            Palm Stearin                 Sawit
                             Palm Fatty Acid                                                                              Expeller               Others
      Palm Oil                                                                                    Palm Kernel Oil
                                Distillate
     (RBDPO)



Perseroan memiliki pabrik (plant) refinery, pabrik fraksinasi (refinery),          The Company operates refinery, fractionation, and kernel crushing
dan pabrik kernel crushing. Selain ketiga pabrik tersebut, Perseroan               plant facilities. In addition to these facilities, the Company also owns
juga memiliki 1 (satu) tank farm untuk kebutuhan penyimpanan bahan                 1 (one) tank farm to support the storage of both raw materials and
baku dan hasil produk dari pabrik refinery dan fraksinasi. Berikut                 processed products from the refinery and fractionation plants. The
kapasitas dan utilitas pabrik yang dimiliki Perseroan.                             following outlines the capacity and utilisation rates of the Company’s
                                                                                   processing facilities.
 Kapasitas dan Utilitas Pabrik
 Plant Capatity and Utilization

                                      Keterangan
                                                                                             2025                      2024                    2023
                                        Uraian
 Refinery

 Kapasitas CPO (ton per hari)* Yield                                                                   2.500                   2.500                     2.500
 CPO Capacity (tons per day)* Yield

 RBDPO                                                                                               95,90%                   95,82%                    95,76%

 PFAD                                                                                                 3,63%                    3,62%                     3,76%

 Utilisasi                                                                                           71,02%                   47,62%                    91,77%
 Utilzation

 Fractionation

 Kapasitas RBDPO (ton per hari)* Yield                                                                 2.500                   2.500                     2.500
 RBDPO Capacity (tons per day)* Yield

 Olein                                                                                               82,21%                   81,42%                    81,01%

 Stearin                                                                                              17,78%                  18,58%                    18,99%

 Utilisasi                                                                                           66,97%                   42,83%                    84,95%
 Utilzation:

 Kernel Crushing

 Kapasitas Kernel (ton per hari)*                                                                        600                     600                      600
 Kernel Capacity (tons per day)*

 Kapasitas Penyimpanan Kernel (ton)                                                                   12.500                   12.500                   12.500
 Kernel Storage Capacity (tons)

 Kapasitas Penyimpanan CPKO (ton)                                                                      4.000                   4.000                     4.000
 CPKO Storage Capacity (tons)

 Kapasitas Penyimpanan PKE (ton)                                                                       5.000                   5.000                     5.000
 PKE Storage Capacity (tons)

 Yield

 CPKO                                                                                                42,09%                   40,42%                  40,40%

 PKE                                                                                                54,44%                    54,97%                    55,67%

 Utilisasi                                                                                           50,66%                   29,00%                    35,81%
 Utilzation




                                                                                                                      PT Sawit Sumbermas Sarana Tbk         133
Page 134
 Kapasitas Penyimpanan Tank Farm
 Tank Farm Storage Capacity

                                                                                                                                             Dalam Ton | In Tons

                                                       Keterangan                                                             Kapasitas
                                                         Uraian                                                                Capacity

 Kapasitas Penyimpanan CPO                                                                                                      28.000
 CPO Storage Capacity

 Kapasitas Penyimpanan RBDPO                                                                                                     17.000
 RBDPO Storage Capacity

 Kapasitas Penyimpanan PFAD                                                                                                      11.000
 PFAD Storage Capacity

 Kapasitas Penyimpanan Olein                                                                                                    28.000
 Olein Storage Capacity

 Kapasitas Penyimpanan Stearin                                                                                                   12.000
 Stearin Storage Capacity


Kinerja Segmen Minyak Nabati                                                     Edible Oil Segment Performance
Pada tahun 2025, Perseroan menghasilkan 578.928 MT RBDPO,                        In 2025, the Company produced 578,928 MT of RBDPO, 21,898 MT of
21.898 MT PFAD, 467.921 MT Palm Olein, 101.321 MT Palm Stearin,                  PFAD, 467,921 MT of Palm Olein, 101,321MT of Palm Stearin, 28,997 MT
28.997 MT Minyak Inti Sawit, 37.496 MT Palm Kernel Expeller, dan                 of Palm Kernel Oil, 37,496 MT of Palm Kernel Expeller, and 9,167 MT
9.167 MT lain-lain. Rincian produksi segmen minyak nabati disajikan              of other products. Detailed production of the vegetable oil segment
dalam tabel berikut.                                                             is presented in the following table.


 Tabel Volume Produksi Minyak Nabati Tahun 2023-2025
 Table of Production Volume of Edible Oil Products for 2023-2025
                                                                                                                              (dalam metrik ton | in metric tons)

                                                                                                                     Kenaikan/Penurunan
                    Nama Produk                                                                                       Increase/Decrease
                                                          2025               2024*             2023
                    Product Name
                                                                                                                  Nominal                          %
 RBDPO                                                         578.928           387.833          746.929                   191.095                      49,27

 PFAD                                                              21.898            15.064        29.323                    7.239                       49,38

 Palm Olein                                                    467.921          296.406           584.864                   171.515                      57,86

 Palm Stearin                                                      101.321           67.660        137.360                  33.660                       49,75

 Minyak Inti Sawit                                                 28.997            21.099        24.998                    7.898                       37,43

 Palm Kernel Expeller                                              37.496        28.086            34.448                    9.410                       33,50

 Lain-lain                                                          9.167            2.489            1.185                  6.678                     268,30
 Others

  *) Disajikan kembali
  Restatement



ANALISIS KINERJA SEGMEN                                                          ANALYSIS OF BUSINESS SEGMENT

Produksi Segmen                                                                  Segment Production

Refine, Bleached and Deodorized Palm Oil (RBDPO)                                  Refine, Bleached and Deodorized Palm Oil (RBDPO)
Perseroan memproduksi refined bleached deodorized palm oil                       The Company produces Refined Bleached Deodorized Palm Oil
(RBDPO) melalui proses refinery. Di tahun 2025, Perseroan berhasil               (RBDPO) through its refinery process. In 2025, RBDPO production
memproduksi RBDPO sebanyak 578.928 MT, meningkat sebesar                         reached 578,928 MT, representing an increase of 49.27% compared
49,27% dibandingkan produksi RBDPO tahun 2024 sebanyak                           to 387,833 MT in 2024. This change was driven by optimized refinery
387.833 MT. Peningkatan ini didorong oleh optimalisasi utilisasi                 utilization supported by higher feedstock availability and improved
pabrik refinery seiring meningkatnya ketersediaan bahan baku dan                 operational stability..
perbaikan stabilitas operasional.




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                                                                                                    Analisis & Pembahasan Manajemen
                                                                                                     Management Discussion & Analysis




Asam Lemak Sawit Distilat (PFAD)                                        Palm Fatty Acid Distillate (PFAD)
Selain menghasilkan RBDPO, proses refinery juga menghasilkan            In addition to RBDPO, the refinery process also produces Palm Fatty
asam lemak sawit distilat atau Palm Fatty Acid Distillate (PFAD).       Acid Distillate (PFAD). In 2025, PFAD production amounted to 21,898
Perseroan memproduksi PFAD sebanyak 21.898 MT pada tahun 2025,          MT, representing an increase of 45.37% from 15,064 MT in 2024. This
meningkat sebesar 45,37% dari tahun lalu yang sebesar 15.064 MT,        change was influenced by in line with higher refinery throughput,
sejalan dengan peningkatan throughput refinery, sehingga volume         resulting in higher by-product output.
produk turunan yang dihasilkan juga meningkat.

Palm Olein                                                              Palm Olein
Palm Olein berasal dari proses farksinasi pemisahan minyak kelapa       Palm Olein is produced through the fractionation process of palm oil.
sawit dan minyak inti sawit. DI tahun 2025, produksi Palm Olein         In 2025, Palm Olein production reached 467,921 MT, representing an
mencapai sebesar 467.921 MT, meningkat 57,86% dari 296.406              increase of 57.86% compared to 296,406 MT in 2024. This change
MT di tahun 2024 didorong oleh peningkatan pasokan RBDPO                was driven by higher availability of RBDPO as feedstock and improved
sebagai bahan baku fraksinasi serta optimalisasi kapasitas fasilitas    utilization of fractionation capacity.
fraksinasi.

Palm Stearin                                                            Palm Stearin
Selain menghasilkan Palm Olein, proses fraksinasi juga menghasilkan     Alongside Palm Olein, the fractionation process also produces Palm
Palm Stearin. Di tahun 2025, Perseroan mencatat produksi Palm           Stearin. In 2025, the Company recorded Palm Stearin production of
Stearin sebesar 101.321 MT, meningkat sebesar 49,75% dibandingkan       101,321 MT, representing an increase of 49.75% compared to 67,660
produksi tahun lalu yang sebesar 67.660 MT, konsisten dengan            MT in 2024. This change was consistent with higher fractionation
peningkatan volume fraksinasi, seiring meningkatnya produksi            output, in line with increased Palm Olein production.
Palm Olein.

Minyak Inti Sawit                                                       Palm Kernel Oil (PKO)
Minyak Inti Sawit dihasilkan dari pabrik kernel crushing. Di tahun      Palm Kernel Oil is produced through the kernel crushing process. In
2025, produksi minyak inti sawit tercatat sebedar 28.997 MT,            2025, PKO production reached 28,997 MT, representing an increase
meningkat sebesar 37,43% dari tahun lalu yang sebesar 21.099            of 37.43% compared to 21,099 MT in 2024. This change was driven
MT didorong oleh kenaikan Kernel Extraction Rate (KER) serta            by higher Kernel Extraction Rate (KER) and increased availability of
peningkatan ketersediaan bahan baku inti sawit (PK).                    palm kernel (PK) feedstock.

Palm Kernel Expeller                                                    Palm Kernel Expeller
Pabrik kernel crushing juga menghasilkan Palm Kernel Expeller.          The kernel crushing process also produces Palm Kernel Expeller.
Produksi Palm Kernel Expeller di tahun 2025 meningkat sebesar           In 2025, production increased by 33.50% to 37,496 MT from 28,086
33,50% menjadi sebesar 37.496 MT dari 28.086 MT di tahun 2024,          MT in 2024. This change was influenced by in line with higher palm
sejalan dengan peningkatan produksi inti sawit yang diproses di         kernel throughput at the crushing facility.
fasilitas kernel crushing.

Lain-lain                                                               Others
Produk lain-lain terdiri dari Botling dan Pillow Pack. Di tahun 2025,   Other products consist of Bottling and Pillow Pack. In 2025,
produk lain-lain yang diproduksi Perseroan sebesar 9.167 MT,            production in this category amounted to 9,167 MT, representing an
meningkat sebesar 268,30% dibandingkan dengan tahun lalu yang           increase of 268.30% compared to 2,489 MT in 2024. This change
sebesar 2.489 MT didorong oleh penambahan kapasitas produksi            was driven by additional production capacity from the operation of
melalui operasional pabrik baru untuk minyak goreng kemasan botol.      a new bottled cooking oil facility.

Pendapatan Segmen                                                       Segment Revenue
Pada tahun 2025, segmen minyak nabati berhasil mencatatkan              In 2025, the vegetable oil segment recorded revenue of IDR10.14
pendapatan sebesar Rp10,14 triliun, meningkat signifikan sebesar        trillion, representing a significant increase of 78.69% or equivalent
78,69% atau setara dengan Rp4,47 triliun dibandingkan pendapatan        to IDR4.47 trillion compared to IDR5.68 trillion in 2024. This change
tahun lalu yang sebesar Rp5,68 triliun dikarenakan oleh kenaikan        was driven by higher sales volumes, particularly from vegetable oil
volume penjualan, khususnya dari aktivitas ekspor minyak nabati.        export activities. Detailed revenue from the edible oil segment is
Berikut rincian pendapatan dari segmen minyak nabati.                   presented in the following table.




                                                                                                      PT Sawit Sumbermas Sarana Tbk     135
Page 136
 Tabel Pendapatan Segmen Minyak Nabati (Rp-Miliar)
 Table of Revenue of Edible Oil Segment (IDR-Billion)

                                                                                                                                  Kenaikan/Penuruna
                         Keterangan                                          Kontribusi                      Kontribusi           Increase/Decrease
                                                             2025                             2024*
                         Description                                        Contribution                    Contribution
                                                                                                                                 Nominal                   %

 Palm Olein                                                         7.851        53,00%             4.234        40,84%                   3.617          85,43%

 Refine, Bleached and Deodorized Palm Oil (RBDPO)                    164           1,11%              303          2,92%                   (139)        (45,87)%

 Palm Stearin                                                       1.667         11,25%              862          8,31%                   805           93,39%

 Minyak Inti Sawit                                                   837          5,65%               396          3,82%                    441           111,36%
 Palm Kernel Oil

 Asam Lemak Sawit Distilat                                           254           1,71%              207          2,00%                     47           22,71%
 Palm Fatty Acid Distillate

 Minyak Sawit Mentah                                              2.990          20,18%             3.692         35,61%                  (702)          (19,01)%
 Crude Palm Oil

 Bungkil Inti Sawit                                                   80          0,54%               42           0,41%                     38          90,48%
 Palm Kernel Expeller

 Lain-lain                                                           128          0,86%               30           0,29%                     98         326,67%
 Others

 Jumlah Penjualan                                                 13.971         94,32%             9.766        94,20%                  4.205           43,06%
 Total Sales
 *) Disajikan kembali
 Restatement




Profitabilitas Segmen Minyak Nabati                                            Edible Oil Segment Profitability
Segmen minyak nabati berkontribusi sebesar 94,20% atau sebesar                The vegetable oil segment contributed 94.20%, or equivalent to
Rp13,97 triliun dari total pendapatan Perseroan di tahun 2025. Berikut        IDR13.97 trillion, to the Company’s total revenue in 2025. Detailed
rincian profitabilitas segmen minyak nabati.                                  profitability of the vegetable oil segment is presented in the following
                                                                              table.

                                                                                                                      (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                                        (in billion Rupiah, unless otherwise stated)

                                                                                                                 Kenaikan/Penurunan
                        Nama Produk                                                                               Increase/Decrease
                                                           2025                   2024*
                        Product Name
                                                                                                            Nominal                                %

 Penjualan                                                      13.971                      9.766                          4.205                            43,06
 Sales

 Laba Usaha                                                         366                       122                            244                          200,00
 Operating Profit

 Aset Segmen                                                      4.118                    4.200                             (82)                           (1,95)
 Segment Assets

 Liabilitas Segmen                                                3.007                     3.231                          (224)                            (6,93)
 Segment Liabilities

 Margin Laba Usaha (%)                                             2,62                      1,25                            0,01                          109,71
 Operating Profit Margin (%)




 136        Laporan Tahunan 2025 Annual Report
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                                                                                                       Analisis & Pembahasan Manajemen
                                                                                                        Management Discussion & Analysis




                                                                                              Tinjauan Keuangan
                                                                                                             Financial Review

STANDAR PENYAJIAN INFORMASI DAN                                           STANDARDS FOR THE PRESENTATION OF
KESESUAIAN TERHADAP SAK                                                   INFORMATION AND COMPLIANCE WITH THE
                                                                          FINANCIAL ACCOUNTING STANDARDS
Analisis dan pembahasan kinerja keuangan Laporan Tahunan 2025             Analysis and discussion of the financial performance of the 2025
merujuk kepada Laporan Keuangan Konsolidasian Perseroan untuk             Annual Report refer to the Company’s Consolidated Financial
tahun 31 Desember 2025 dan 31 Desember 2024 yang telah diaudit,           Statements for December 31, 2025, and December 31, 2024, which
masing-masing oleh Kantor Akuntan Publik Purwanto Susanti & Surja         have been audited, respectively, by the Accounting Firm Public
dengan opini wajar dalam semua hal yang material.                         Purwanto Susanti & Surja with a fair opinion in all material respects.

Penyajian dan pengungkapan Laporan Keuangan Konsolidasian                 The presentation and disclosure of the Company’s Consolidated
Perseroan ini disusun berdasarkan Standar Akuntansi Keuangan              Financial Statements are prepared based on the Financial
(SAK) yang berlaku di Indonesia, terdiri dari Pernyataan Standar          Accounting Standards (SAK) applicable in Indonesia, consisting
Akuntansi Keuangan (PSAK) dan Interpretasi Standar Akuntansi              of Statements of Financial Accounting Standards (PSAK) and
Keuangan (ISAK) yang dikeluarkan oleh Dewan Standar Akuntansi             Interpretations of Financial Accounting Standards (ISAK) issued
Keuangan Ikatan Akuntan Indonesia dan Peraturan terkait lainnya.          by the Financial Accounting Standards Board of the Indonesian
                                                                          Institute of Accountants and other relevant Regulations.


 Posisi Keuangan Konsolidasian
 Consolidated Financial Position
                                                                                                                  (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                                    (in billion Rupiah, unless otherwise stated)

                                                                                                           Kenaikan (Penurunan)
                                                                                                            Increase (Decrease)
                             Uraian                              2025                 2024*
                                                                                                          Selisih
                           Description                                                                                               (%)
                                                                                                         Deviation
                                                                  (1)                   (2)                (3=1-2)               (4=3/2)
 Aset
 Assets
 Aset Lancar                                                             5.901                5.212                   689                  13,22
 Current Assets
 Aset Tidak Lancar                                                       7.683                6.659                  1.024                 15,38
 Non-Current Assets
 Jumlah Aset                                                            13.584                11.871                 1.713                 14,43
 Total Assets
 Liabilitas
 Liabilities
 Liabilitas Jangka Pendek                                                4.613                4.751                  (138)                (2,90)
 Current Liabilities
 Liabilitas Jangka Panjang                                               6.029                4.235                  1.794                42,36
 Non-Current Liabilities
 Jumlah Liabilitas                                                      10.643                8.986                  1.657                 18,44
 Total Liabilities
 Ekuitas                                                                 2.941                2.885                    56                   1,94
 Equity
 Jumlah Liabilitas dan Ekuitas                                          13.584                11.871                 1.713               14,43
 Total Liabilities and Equity
 *) Disajikan kembali
 Restatement



Aset                                                                      Assets
Total aset Perseroan mengalami peningkatan sebesar 14,43%                 The Company’s total assets increased by 14.43% from IDR11.87
dari Rp11,87 triliun di tahun 2024 menjadi Rpx13,58 triliun di tahun      trillion in 2024 to IDR13.58 trillion in 2025. This change was primarily
2025. Kenaikan pada total aset Perseroan terutama didorong oleh           driven by the acquisition of PT Sawit Mandiri Lestari (SML), which
akuisisi PT Sawit Mandiri Lestari (SML) yang memperluas basis             expanded the Company’s asset base.
aset Perseroan.


                                                                                                         PT Sawit Sumbermas Sarana Tbk                   137
Page 138
Aset lancar mengalami peningkatan sebesar 13,22% dari Rp5,21 triliun di    Current assets increased by 13.22% from IDR5.21 trillion in 2024 to
tahun 2024 menjadi Rp5,90 triliun di tahun 2025. Peningkatan tersebut      IDR5.90 trillion in 2025, in line with the addition of assets from the
sejalan dengan bertambahnya aset dari entitas yang diakuisisi.             acquired entity.

Aset tidak lancar mengalami kenaikan sebesar 15,38% dari Rp6,66            Non-current assets increased by 15.38% from IDR6.66 trillion in 2024
triliun di tahun 2024 menjadi Rp7,68 triliun di tahun 2025. Kenaikan       to IDR7.68 trillion in 2025. This change was mainly influenced by the
aset tidak lancar juga dipengaruhi oleh konsolidasi aset tetap dan aset    consolidation of fixed and long-term assets from SML.
jangka panjang dari SML.

Liabilitas                                                                 Liabilities
Total liabilitas Perseroan tercatat meningkat sebesar 18,44% dari          Total liabilities increased by 18.44% from IDR8.99 trillion in 2024 to
Rp8,99 triliun di tahun 2024 menjadi Rp10,64 triliun di tahun 2025.        IDR10.64 trillion in 2025. This change was in line with the financing
Peningkatan ini sejalan dengan struktur pembiayaan yang digunakan          structure supporting expansion through the acquisition of SML.
dalam mendukung ekspansi melalui akuisisi SML.

Sementara itu, peningkatan liabilitas jangka panjang sebesar 42,36%        Non-Current liabilities increased by 42.36% from IDR4.24 trillion
dari Rp4,24 triliun di tahun 2024 menjadi Rp6,03 triliun di tahun 2025     in 2024 to IDR6.03 trillion in 2025, primarily due to higher bank
terutama disebabkan oleh peningkatan pinjaman bank.                        borrowings.

Liablitas jangka pendek Perseroan tercatat menurun sebesar 2,90%           Current liabilities decreased by 2.90% from IDR4.75 trillion in 2024
dari Rp4,75 triliun di tahun 2024, menjadi Rp4,61 triliun di tahun 2025,   to IDR4.61 trillion in 2025, reflecting a reduction in short-term
yang mencerminkan penurunan kewajiban jangka pendek Perseroan.             obligations.

Ekuitas                                                                    Equity
Ekuitas Perseroan di tahun 2025 meningkat sebesar 1,98% menjadi            The Company’s equity increased by 1.98% to IDR2.94 trillion in 2025
Rp2,94 triliun di tahun 2025 dari Rp2,89 triliun di tahun 2024.            from IDR2.89 trillion in 2024. This increase was mainly driven by
Peningkatan ini terutama didorong oleh laba tahun berjalan.                profit for the year.


 Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
 Consolidated Profit and Loss and Other Comprehensive Income
                                                                                                                   (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                                     (in billion Rupiah, unless otherwise stated)

                                                                                                                      Kenaikan (Penurunan)
                                                                                                                       Increase (Decrease)
                                   Uraian                                      2025               2024*
                                                                                                                    Selisih
                                 Description                                                                                                 (%)
                                                                                                                   Deviation

                                                                                (1)                 (2)             (3=1-2)              (4=3/2)
 Pendapatan dari Kontrak dengan Pelanggan                                              14.813             10.367          4.446                 42,89        ­
 Revenue from Contracts with Customers

 Beban Pokok Penjualan                                                                (9.638)          (7.088)           (2.550)                 35,98           ­
 Cost of Goods Sold
 Laba Bruto                                                                              5.175            3.279            1.896                 57,82       ­
 Gross Profit
 Beban Penjualan                                                                      (1.464)              (905)            (559)                 61,77      ­
 Selling Expenses
 Beban Umum dan Administrasi                                                           (1.111)             (946)            (165)                17,44       ­
 General and Administrative Expenses
 (Kerugian)/Keuntungan atas Nilai Wajar Aset Biologis                                     (111)             130             (241)             (185,38)
 (Loss) Profit on Fair Value of Biological Assets
 Prndapatan lain-lain, Neto                                                                59               127              (68)              (53,54)
 Other Revenues, Netto
 Laba Usaha                                                                            2.548               1.766             782                44,28
 Operating Profit
 Laba Sebelum Pajak Penghasilan Badan                                                    1.927             1.213              714                58,86       ­
 Profit Before Income Tax Expenses
 Pajak Penghasilan Badan                                                                  535               381               154               40,42            ­
 Corporate Income Tax
 Laba Tahun Berjalan Setelah Efek Penyesuaian Proforma                                   1.393              832               561                67,43       ­
 Profit for The Year After Effect of Proforma Adjustment


 138      Laporan Tahunan 2025 Annual Report
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                                                                                                               Analisis & Pembahasan Manajemen
                                                                                                                Management Discussion & Analysis




 Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
 Consolidated Profit and Loss and Other Comprehensive Income
                                                                                                                         (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                                           (in billion Rupiah, unless otherwise stated)

                                                                                                                            Kenaikan (Penurunan)
                                                                                                                             Increase (Decrease)
                                   Uraian                                         2025                 2024*
                                                                                                                         Selisih
                                 Description                                                                                                       (%)
                                                                                                                        Deviation

                                                                                    (1)                  (2)             (3=1-2)               (4=3/2)
 Efek penyesuaian proforma                                                                 (190)                  13             (203)            (1.561,54)
 Effect of proforma adjustment
 Laba Tahun Berjalan Sebelum Efek Penyesuaian Proforma                                    1.203                  845               358                 42,37       ­
 Profit for The Year Before Effect of Proforma Adjustment
 Penghasilan Komprehensif Lain Setelah Pajak                                                 32                   64               (32)              (50,00)
 Other Comprehensive Income, Net of Tax
 Laba Komprehensif Tahun Berjalan                                                          1.235                 909               326                 35,86       ­
 Comprehensive Income for the Year
 Efek penyesuaian proforma atas penghasilan (rugi) komprehensif lain                       0,62                    -              0,62               100,00        ­
 Effect of proforma adjustment from other comprehensive income (loss)
 Total Laba Komprehensif Tahun Berjalan Setelah Penyesuaian Proforma                       1.235                 909               326                 35,86       ­
 Total Comprehensive Income for The Year After Proforma Adjustment
 Laba Tahun Berjalan diatribusikan kepada:
 Profit for the Year Attributable to:
 Pemilik entitas Induk                                                                     1.161                 820                341                41,59       ­
 Owners of the Parent Entity
 Kepentingan Non-Pengendali                                                                  42                   25                  17              68,00            ­
 Non-Controlling Interests
 Laba Komprehensif Tahun Berjalan diatribusikan kepada:
 Comprehensive Income for the Year Attributable to:
 Pemilik Entitas Induk                                                                     1.186                 878               308                 35,08           ­
 Owners of the Parent Entity
 Kepentingan Non-Pengendali                                                                  50                   31                  19               61,29           ­
 Non-Controlling Interests

 Laba per saham (nilai penuh)                                                             121,86               86,04             35,82                 41,63       ­
 Earnings per share (full amount)
 *) Disajikan kembali
 Restatement



Penjualan                                                                     Sales
Di tahun 2025, Perseroan berhasil membukukan penjualan sebesar                In 2025, the Company recorded sales of IDR14.81 trillion, representing an
Rp14,81 triliun, meningkat sebesar Rp4,45 triliun atau sebesar 42,91%         increase of IDR4.45 trillion or 42.91% compared to IDR10.37 trillion in the
dibandingkan tahun sebelumnya yang tercatat sebesar Rp10,37 triliun.          previous year. This increase was driven by higher selling prices, increased
Peningkatan ini didorong oleh kenaikan harga jual, peningkatan volume         sales volume, and the strengthening of the US Dollar against the Rupiah.
penjualan, serta penguatan nilai tukar Dolar AS terhadap Rupiah.

Beban Pokok Penjualan                                                         Cost of Goods Sold
Beban pokok penjualan di tahun 2025 mengalami kenaikan sebesar                Cost of goods sold increased by 35.98% to IDR9.64 trillion in 2025 from
35,98% menjadi Rp9,64 triliun dari Rp7,09 triliun di tahun sebelumnya.        IDR7.09 trillion in the previous year. This change was mainly driven by
Hal ini dipengaruhi oleh peningkatan biaya bahan baku seiring dengan          higher raw material costs in line with increased production volumes
kenaikan volume produksi dan harga komoditas.                                 and commodity prices.

Laba                                                                          Profit
Laba bruto Perseroan tercatat meningkat sebesar 57,82% menjadi                The Company’s gross profit increased by 57.82% to IDR5.18 trillion in 2025
Rp5,18 triliun di tahun 2025, dari Rp3,28 triliun di tahun 2024.              from IDR3.28 trillion in 2024.

Sementara itu, laba usaha ikut meningkat sebesar 44,28% dari Rp1,77           Operating profit also increased by 44.28% from IDR1.77 trillion in 2024
triliun di tahun 2024 menjadi Rp2,55 triliun di tahun 2025.                   to IDR2.55 trillion in 2025.

Peningkatan juga tercatat pada total laba komprehensif tahun berjalan         This change resulted total comprehensive income for the year increased
sebesar 35,86% dari Rp0,91 triliun di tahun 2024, menjadi Rp1,24 triliun di   by 35.86% from IDR0.91 trillion in 2024 to IDR1.24 trillion in 2025. This
tahun 2025, sehingga mendorong peningkatan laba komprehensif tahun            change also affected comprehensive income for the year attributable to

                                                                                                                 PT Sawit Sumbermas Sarana Tbk                  139
Page 140
berjalan yang diatribusikan kepada pemilik entitas induk sebesar 35,85%   owners of the parent entity, which increased by 35.85% to IDR1.19 trillion
menjadi Rp1,19 triliun di tahun 2025 dari Rp0,87 triliun di tahun 2024.   in 2025 from Rp0.87 trillion in 2024.

Sedangkan laba tahun berjalan yang diatribusikan kepada kepentingan       Meanwhile, profit for the year attributable to non-controlling interests
non-pengendali mengalami peningkatan sebesar 68,00% dari Rp0,03           increased by 68.00% from IDR0.03 trillion to IDR0.04 trillion.
triliun menjadi Rp0,04 triliun.

Beban Operasional                                                         Operating Expenses
Beban operasional Perseroan terdiri dari beban penjualan serta beban      Operating expenses, consisting of selling expenses as well as general
umum dan administrasi. Secara keseluruhan beban operasional               and administrative expenses, increased by 39.11% from IDR1.85
Perseroan mengalami peningkatan sebesar 39,11% dari Rp1,85 triliun        trillion in 2024 to IDR2.58 trillion in 2025. This change was driven by
di tahun 2024 menjadi Rp2,58 triliun yang disebabkan oleh peningkatan     higher export levies and export duties on palm oil products.
tarif pungutan ekspor (levy) dan bea keluar produk sawit.

Arus Kas Konsolidasian                                                    Consolidated Cash Flows

 (Disajikan dalam miliar rupiah kecuali dinyatakan lain
 Expressed in billions of rupiah, unless otherwise stated)

                                                                                                                              Pertumbuhan
                                       Uraian                                                                               Growth 2025-2023
                                                                             2025            2024*           2023
                                     Description                                                                          Nominal
                                                                                                                                           %
                                                                                                                          Amount
 Arus Kas dari Aktivitas Operasi                                                    1.097          993            624            104          10,47
 Cash Flows from Operating Activities
 Arus Kas dari Aktivitas Investasi                                               (1.902)             91           1.451       (1.993)     (2.190,11)
 Cash Flows from Investing Activities
 Arus Kas dari Aktivitas Pendanaan                                                   494         (1.238)            258        1.732       (139,90)
 Cash Flows from Financing Activities
 Kenaikan (Penurunan) Neto Kas dan Setara Kas                                       (311)          (154)            569         (157)        101,95
 Net Increase (Decrease) in Cash and Cash Equivalents
 Penyesuaian Arus Kas Merging Bisnis                                                    -      (12.922)               -     (12.922)       (100,00)
 Adjustment of Merging Business Cash Flows
 Dampak Neto Perubahan Nilai Tukar atas Kas dan Setara Kas                            79            110             0,9        (105)        (95,45)
 Net Effect of Changes in Exchanges Rates on Cash and Cash Equivalents
 Kas dan Setara Kas Awal Tahun                                                      1.180         1.237          1.807           (57)          (4,61)
 Cash and Bank at Beginning of the Year
 Kas dan Setara Kas Akhir Tahun                                                      874          1.180          1.237         (306)        (25,93)
 Cash and Bank at End of the Year
 *) Disajikan kembali
 Restatement

Kas dan Setara Kas                                                        Cash and Cash Equivalents
Nilai kas dan setara kas tercatat mengalami penurunan sebesar 4,61%       Cash and cash equivalents decreased by 4.61% to IDR1.18 trillion
menjadi Rp1,18 triliun dari Rp1,24 triliun di tahun 2024. Penurunan       from IDR1.24 trillion in 2024. This change was primarily driven by
ini terutama disebabkan oleh pengeluaran belanja modal (capex)            capital expenditures for new plant development and increased
untuk pembangunan pabrik baru serta peningkatan investasi pada            investment in fixed assets.
aset tetap.

Arus Kas dari Aktivitas Operasi                                           Cash Flows from Operating Activities
Nilai arus kas bersih dari aktivitas operasi meningkat signifikan         Net cash flows from operating activities experienced a significant
sebesar 10,47% menjadi Rp1,10 triliun di tahun 2025 dari Rp0,10triliun    increase of 10.47% to IDR1.10 trillion in 2025 from IDR0.10 trillion
di tahun 2024, dikarenakan adanya kenaikan penjualan yang                 in 2024. This change was influenced by higher sales, resulting in
berdampak pada peningkatan penerimaan kas dari pelanggan.                 increased cash receipts from customers.

Arus Kas yang Diperoleh dari Aktivitas Investasi                          Cash Flows Obtained from Investing Activities
Sementara itu, arus kas bersih yang diperoleh dari aktivitas investasi    Net cash flows obtained from investing activities experienced a
mengalami penurunan signifikan sebesar 2.190,11% dari Rp0,91 triliun      significant decrease of 2,190.11% from IDR0.91 trillion in 2024 to
di tahun 2024 menjadi Rp1,90 triliun. Penurunan tersebut terutama         IDR1.90 trillion in 2025. This change was mainly driven due to the
disebabkan oleh akuisisi entitas anak baru serta peningkatan              acquisition of a new subsidiary and increased purchases of fixed
pembelian aset tetap.                                                     assets.

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                                                                                                     Analisis & Pembahasan Manajemen
                                                                                                      Management Discussion & Analysis




Arus Kas yang Diperoleh dari (Digunakan untuk) Aktivitas                  Cash Flows from (Used for) Financing Activities
Pendanaan
Nilai arus kas bersih dari (digunakan untuk) aktivitas pendanaan          Net cash flows from (used for) financing activities decreased
mengalami penurunan yang signifikan sebesar 139,90% menjadi               significantly by 139.90% to IDR0.49 trillion in 2025 from IDR1.24
Rp0,49 triliun di tahun 2025 dari Rp1,24 triliun di tahun 2024. Hal ini   trillion in 2024. This change was primarily influenced by changes
terutama disebabkan oleh perubahan struktur pendanaan, termasuk           in the financing structure, including increased bank borrowings to
peningkatan pinjaman bank yang digunakan untuk mendukung                  support business expansion.
ekspansi usaha.



                                                         Kemampuan Membayar Utang dan
                                                            Tingkat Kolektibilitas Piutang
                                                Pay Debt Ability and Receivables Collectability

KEMAMPUAN MEMBAYAR UTANG                                                  PAY DEBT ABILITY

Perseroan mengukur kemampuan dalam memenuhi kewajiban                     The Company assesses its ability to meet short-term and long-term
jangka pendek dan jangka panjang melalui rasio likuiditas dan             obligations through liquidity and solvency ratios. Liquidity ratios
rasio solvabilitas. Rasio likuiditas menunjukkan kemampuan                indicate the Company’s ability to settle short-term obligations,
Perseroan dalam melunasi kewajiban jangka pendek, sedangkan               while solvency ratios measure its capacity to meet all outstanding
rasio solvabilitas mengukur kapasitas Perseroan dalam memenuhi            liabilities.
seluruh kewajiban yang ada.

Rasio Likuiditas                                                          Liquidity Ratios
Perseroan mengukur kemampuan dalam memenuhi kewajiban jangka              The Company evaluates its ability to meet short-term obligations
pendek melalui rasio likuiditas, yang terdiri dari:                       through liquidity ratios, which consist of:
1. Rasio lancar (current ratio) menunjukkan perbandingan antara           1. Current ratio, which measures the proportion of current assets
    aset lancar dan liabilitas jangka pendek; serta                           to short-term liabilities; and
2. Rasio cepat (quick ratio) mencerminkan kekuatan finansial              2. Quick ratio, which reflects the Company’s financial strength by
    Perseroan dengan menghitung aset lancar setelah dikurangi                 measuring current assets excluding inventories against short-
    persediaan, kemudian membaginya dengan liabilitas jangka                  term liabilities.
    pendek.


 Tabel Rasio Likuiditas
 Table of Liquidity Ratio
                                                                                                                                         (Dalam %)
                                                                                                                                              (in %)

                                  Uraian                                                                                       Perubahan
                                                                                    2025                    2024*
                                Description                                                                                     Changes

 Rasio Lancar                                                                               127,92                  109,70                 18,22
 Current Ratio

 Rasio Cepat                                                                                107,84                  93,00                  14,84
 Quick Ratio
 *) Disajikan kembali
 Restatement




                                                                                                       PT Sawit Sumbermas Sarana Tbk         141
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Per 31 Desember 2025, rasio lancar dan rasio cepat Perseroan          As of 31 December 2025, the Company’s current ratio and quick ratio
masing-masing tercatat sebesar 127,92% dan 107,84%, mengalami         were recorded at 127.92% and 107.84%, respectively, representing a
peningkatan dari tahun sebelumnya yang mencatat rasio lancar          decrease compared to the previous year’s current ratio of 109.70%
sebesar 109,70% dan rasio cepat sebesar 93,00%.                       and quick ratio of 93.00%.

Berdasarkan nilai tersebut, likuiditas Perseroan tetap dalam          Based on these figures, the Company’s liquidity remained at
kategori cukup baik, karena rasio lancar masih berada di atas 100%,   a satisfactory level, as reflected by the current ratio remaining
menunjukkan kemampuan Perseroan dalam memenuhi kewajiban              above 100%, indicating the Company’s ability to meet its short-
jangka pendeknya.                                                     term obligations.

Rasio Solvabilitas                                                    Solvency Ratios
Perseroan menggunakan rasio solvabilitas untuk mengukur               The Company uses solvency ratios to assess its ability to meet both
kemampuan dalam memenuhi kewajiban jangka pendek maupun               short-term and long-term obligations. These ratios include:
jangka panjang. Rasio ini mencakup:
1. Rasio utang berbunga terhadap ekuitas, yang menunjukkan            1. Interest-bearing debt to equity ratio, which reflects the
    tingkat ketergantungan terhadap pendanaan berbasis utang;            Company’s reliance on debt-based financing; and
    serta
2. Rasio liabilitas terhadap total aset, yang mencerminkan proporsi   2. Liabilities to total assets ratio, which indicates the proportion
    aset yang didanai oleh liabilitas.                                   of assets financed by liabilities.
 Tabel Rasio Solvabilitas
 Table of Solvency Ratio

                                                                                                                                       (Dalam x )
                                                                                                                                            (in x)

                                              Uraian                                                                          Perubahan
                                                                                             2025             2024*
                                            Description                                                                        Changes

 Rasio Jumlah Liabilitas terhadap Ekuitas                                                         3,62                3,12                 0,03
 Debt to Equity Ratio

 Rasio Jumlah Liabilitas terhadap Aset                                                            0,78                0,76                 0,50
 Debt to Asset Ratio

 Rasio Utang Berbunga terhadap Ekuitas                                                            2,43                2,11                 0,32
 Interest-bearing Debt to Equity Ratio

 Rasio Ekuitas terhadap Jumlah Aset                                                               0,22                0,24               (0,02)
 Equity to Asset Ratio
 *) Disajikan kembali
 Restatement



Berdasarkan rasio solvabilitas yang tercantum dalam tabel,            Based on the solvency ratios presented in the table, the Company’s
kemampuan Perseroan dalam memenuhi kewajiban jangka panjang           ability to meet its long-term obligations remains within a satisfactory
tetap berada dalam kategori cukup baik, mengingat hutang masih        range, as its liabilities continue to be supported by the assets it owns.
dapat ditutupi oleh aset yang dimiliki.

Tingkat Kolektibilitas Piutang                                        Receivables Collectability Rate
Kolektibilitas piutang mencerminkan kemampuan Perseroan               Receivables collectability reflects the Company’s ability to effectively
dalam menagih piutang secara efektif. Semakin pendek periode          collect outstanding receivables. A shorter collection period indicates
penagihan, semakin tinggi efisiensi Perseroan dalam mengumpulkan      greater efficiency in managing and collecting receivables.
piutangnya.


                                                                                                                 Kenaikan (Penurunan)
                                                                        2025                 2024*                Increase (Decrease)
                                                                        (hari)               (hari)
                                                                         days                 days                Selisih
                                                                                                                                      (%)
                                                                                                                 Deviation
 Kolektibilitas Piutang                                                            17                    19                  (2)       (10,53)
 Receivable Collectability
 *) Disajikan kembali
 Restatement




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                                                                                                  Analisis & Pembahasan Manajemen
                                                                                                   Management Discussion & Analysis




                                                              Struktur Modal dan Kebijakan
                                                            Manajemen atas Struktur Modal
                                                       Capital Structure and Management Policy
                                                                            on Capital Structure

STRUKTUR MODAL                                                        CAPITAL STRUCTURE

Perseroan mengelola struktur permodalan untuk memastikan              The Company manages its capital structure to ensure optimal
kelangsungan bisnis yang optimal, mempertahankan kinerja positif,     business continuity, sustain positive performance, and deliver
serta memberikan imbal hasil maksimal bagi Pemegang Saham.            maximum returns to Shareholders. The Company continuously
Perseroan juga terus menyesuaikan strategi permodalan dengan          adjusts its capital strategy in response to changes in economic
perubahan kondisi ekonomi dan industri. Struktur modal Perseroan      conditions and industry dynamics. The Company’s capital structure
didukung oleh kas dan setara kas, simpanan dalam bentuk deposito      is supported by cash and cash equivalents, time deposits, bank
berjangka, utang bank, serta ekuitas.                                 loans, and equity.

Pada tahun 2025, rasio utang bersih terhadap ekuitas tercatat         In 2025, the net debt-to-equity ratio was recorded at 3.32 times,
sebesar 3,32 kali, dibandingkan dengan 2,71 kali pada tahun           compared to 2.71 times in the previous year. This ratio indicates
sebelumnya. Rasio ini menunjukkan bahwa jumlah utang dan ekuitas      that the Company’s debt and equity position remains within a safe
Perseroan masih berada dalam batas yang aman dan terkendali.          and manageable range.

KEBIJAKAN MANAJEMEN STRUKTUR MODAL                                    CAPITAL STRUCTURE MANAGEMENT POLICY

Perseroan mengelola struktur permodalan dengan tujuan utama           The Company manages its capital structure with the primary
untuk mempertahankan rasio modal yang sehat, mendukung                objective of maintaining a healthy capital ratio, supporting business
pertumbuhan bisnis, serta memaksimalkan nilai bagi Pemegang           growth, and maximising shareholder value. In addition to ensuring
Saham. Selain menjaga kelangsungan usaha, Perseroan juga              business sustainability, the Company also seeks to optimise
berupaya mengoptimalkan struktur permodalan guna meminimalkan         its capital structure to minimise the cost of capital and create
biaya permodalan dan memberikan manfaat yang berkelanjutan bagi       sustainable value for all stakeholders.
seluruh pemangku kepentingan.

DASAR PEMILIHAN KEBIJAKAN                                             BASIS FOR CAPITAL STRUCTURE POLICY
ATAS STRUKTUR MODAL

Kebijakan manajemen struktur modal bertujuan untuk memastikan         The capital structure management policy is designed to ensure
kelangsungan usaha serta memaksimalkan keuntungan Pemegang            business continuity and maximise shareholder value through an
Saham melalui optimalisasi komposisi utang dan ekuitas. Dengan        optimal balance between debt and equity. Through this policy, the
kebijakan ini, Perseroan diharapkan dapat memberikan imbal hasil      Company aims to provide optimal returns to Shareholders while
yang optimal bagi Pemegang Saham serta manfaat bagi pemangku          delivering benefits to other stakeholders. Furthermore, this policy is
kepentingan lainnya. Selain itu, kebijakan ini juga dirancang untuk   intended to maintain an optimal capital structure, thereby reducing
mempertahankan struktur permodalan yang optimal, sehingga dapat       the cost of capital and enhancing financial efficiency.
mengurangi biaya modal dan meningkatkan efisiensi keuangan
Perseroan.




                                                                                                     PT Sawit Sumbermas Sarana Tbk    143
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Ikatan yang Material untuk Investasi Barang Modal
Material Commitments for Capital Expenditure

Berdasarkan Peraturan Otoritas Jasa Keuangan (POJK) No. 17/            Based on Financial Services Authority Regulation (POJK) No. 17/
POJK.04/2020 tentang Transaksi Material dan Perubahan Kegiatan         POJK.04/2020 concerning Material Transactions and Changes
Usaha, Pasal 3 ayat (1) menyebutkan bahwa suatu transaksi              in Business Activities, Article 3 paragraph (1) stipulates that a
dikategorikan sebagai transaksi material apabila nilai transaksi       transaction is classified as material if its value equals or exceeds
sama dengan 20% atau lebih dari ekuitas Perusahaan Terbuka.            20% of the equity of a Public Company.

Pada tahun 2025, Perseroan tidak memiliki ikatan material yang         As of 2025, the Company did not have any material commitments
signifikan terkait investasi barang modal yang belum direalisasikan    related to capital expenditures that remained outstanding as of
pada tanggal pelaporan. Seluruh investasi aset tetap yang dilakukan    the reporting date. All capital investments have been realized in
telah direalisasikan sesuai dengan rencana investasi Perseroan, dan    accordance with the Company’s investment plans, and there were
tidak terdapat komitmen kontraktual material yang memerlukan           no material contractual commitments requiring further disclosure
pengungkapan lebih lanjut dalam laporan keuangan.                      in the financial statements.



Realisasi Investasi Barang Modal
Capital Expenditure Realisation

Perseroan melakukan investasi barang modal baru untuk mendukung        The Company undertook capital expenditure investments to support
kinerja operasional Perseroan. Rincian realisasi investasi barang      its operational performance. Details of the capital expenditure
modal Perseroan disajikan sebagai berikut.                             realisation are presented as follows.

                                                                                                            (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                              (in billion Rupiah, unless otherwise stated)

                                                                                                               Kenaikan (Penurunan)
                                                                                                                Increase (Decrease)
                           Uraian                              2025                     2024*
                                                                                                               Selisih
                         Description                                                                                                          (%)
                                                                                                              Deviation
                                                                 (1)                     (2)                    (3=1-2)                    (4=3/2)
 Prasarana                                                                 2                         2                            0                     0
 Infrastructures

 Tanah                                                                     2                        13                          (11)                (85)
 Land

 Bangunan                                                                  14                        4                           10                 250
 Buildings

 Mesin dan peralatan                                                      68                        50                           18                   36
 Machinery and equipment

 Kendaraan dan Alat Berat                                                  10                        6                            4                   67
 Vehicles and Heavy Equipment

 Perabotan dan peralatan                                                    8                       16                           (8)                (50)
 Furniture and fixtures

 Tanaman menghasilkan                                                       3                        0                             3                 100
 Mature plantations

 Tanaman belum menghasilkan                                                11                       15                           (4)                (27)
 Immature plantations

 Aset dalam penyelesaian                                                 439                       263                          176                   67
 Construction in progress

 Total                                                                   557                       369                         188                    51
 *) Disajikan kembali
 Restatement




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                                                                                                        Analisis & Pembahasan Manajemen
                                                                                                         Management Discussion & Analysis




                              Perbandingan antara Target dengan Realisasi
                                                  Comparison between Targets and Realisation

Perseroan telah menetapkan sejumlah target yang hendak dicapai               The Company has established several targets to be achieved under
dalam Rencana Kerja dan Anggaran Tahunan (RKAT) 2025. Adapun                 the 2025 Annual Work Plan and Budget (RKAT). A comparison
perbandingan pencapaian beberapa target yang ditetapkan                      between the targets set in the 2025 RKAT and the actual performance
berdasarkan RKAT Tahun 2025 dengan realisasi tahun buku adalah               achieved during the financial year is presented as follows:
sebagai berikut:

KEUANGAN                                                                     FINANCE

                                                                                                                    (dalam miliar Rupiah kecuali dinyatakan lain)
                                                                                                                      (in billion Rupiah, unless otherwise stated)

                                                                             Pencapaian                         Proyeksi 2026
                                                                                                                                        Proyeksi 2026
                                                   2025                     Realisasi 2025                         terhadap
                                                                                              Proyeksi 2026                            terhadap Target
                                                                           Terhadap Target                      Realisasi 2025
              Uraian                                                                              2026                                       2025
                                                                                 2025                             Projection
            Description                                                                         Projection                             Projection 2026
                                       Target              Realisasi       2025 Realization                      2026 to 2025
                                                                                                                                        to 2025 Target
                                       Target             Realization       to 2025 Target                        Realization
                                                                                                                                              (%)
                                                                                  (%)                                 (%)
 Pendapatan                                 15.623                14.813              94,82           24.114               162,79                       154,35
 Revenues

 Beban Pokok Pendapatan                     10.701               (9.638)              90,07          (17.269)              179,18                      (161,38)
 Cost of Revenues

 Laba Bruto                                 4.756                  5.175             105,14           6.845                132,27                       143,92
 Gross Profil

 Laba Usaha                                 2.424                 2.548              105,12            2.961                116,21                       122,15
 Operating Profit

 Laba Tahun Berjalan Setelah                1.444                  1.393              97,82            1.733              125,30                         119,97
 Efek Penyesuaian Proforma
 Profit for The Year After Effect of
 Proforma Adjustment
 EBITDA                                         2.741             2.935              105,99            3.621               123,37                       130,77

 Struktur Modal
 Capital Structure

 Total Aset
                                            12.073               13.584              112,52           13.413               98,74                         111,10
 Total Assets

 Total Liabilitas
                                                7.721            10.643              137,84           9.202                86,46                         119,18
 Total Liabilities

 Total Ekuitas
                                            4.352                  2.941              67,58            4.211              143,18                         96,76
 Total Equity




                                                                                                           PT Sawit Sumbermas Sarana Tbk                   145
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OPERASIONAL                                                               OPERATIONAL

                                                                                                                                  Dalam MT | In MT


                                                                   Pencapaian                             Proyeksi 2026
                                                                                                                              Proyeksi 2026
                                         2025                     Realisasi 2025                            terhadap
                                                                                                                             terhadap Target
                                                                 Terhadap Target      Proyeksi 2026      Realisasi 2025
         Uraian                                                                                                                    2025
                                                                       2025          2026 Projection     2026 Projection
       Description                                                                                                           2026 Projection
                                                 Realisasi       2025 Realization       (Rp | IDR)           to 2025
                              Target                                                                                          to 2025 Target
                                                Realization       to 2025 Target                           Realization
                                                                                                                                    (%)
                                                                        (%)                                    (%)
Produksi
Production

Segmen Perkebunan
Plantation Segment

Tandan Buah Segar dari           1.684.977          1.628.452               96,65           2.010.098              123,44                 119,30
Perkebunan Inti
Fresh Fruit Brunch from
Nucleus Estate

Minyak Kelapa Sawit               628.938             527.052               83,94             733.413              146,74                122,97
Crude Palm Oil

Inti Sawit                        124.053             104.130               83,80             145.545              139,77                 117,32
Palm Kernel

Minyak Inti Sawit                  25.800               15.379               59,61             25.926              168,58                100,49
Palm Kernel Oil

Jumlah                             778.791            646.561               83,02              94.885              146,14                 121,33
Total

Segmen Minyak Nabati
Edible Oil Segment

RBDPO                             807.500             569.213               70,49            1.112.190             195,39                 137,73

PFAD                               38.250               21.913               57,29             47.582               217,14               124,40

Palm Olein                        655.690             467.934                71,37            903.098              193,00                 137,73

Palm Stearin                       151.810             101.221              66,68            209.092               206,57                 137,73

Minyak Inti Sawit                  58.480              28.998               49,59              58.480              201,67                100,00
Palm Kernel Oil

Palm Kernel Expeller               72.080              37.506               52,03              73.440               195,81                101,89

Lain-lain                            3.377              4.544               134,54             75.597             1.663,76            2.238,50
Others

Penjualan
Sales

Segmen Perkebunan
Plantation Segment

Tandan Buah Segar                      N/A              15.371                N/A                N/A                  N/A                    N/A
Fresh Fruit Brunch

Minyak Kelapa Sawit                    N/A              7.526                 N/A                N/A                  N/A                    N/A
Crude Palm Oil

Inti Sawit                          14.190             25.875               182,35               N/A                  N/A                605,67
Palm Kernel

Minyak Inti Sawit                  25.800              14.260               55,27              25.926               181,81               100,49
Palm Kernel Oil




146      Laporan Tahunan 2025 Annual Report
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                                                                                                       Analisis & Pembahasan Manajemen
                                                                                                        Management Discussion & Analysis




                                                                                                                                    Dalam MT | In MT


                                                                 Pencapaian                               Proyeksi 2026
                                                                                                                               Proyeksi 2026
                                       2025                     Realisasi 2025                              terhadap
                                                                                                                              terhadap Target
                                                               Terhadap Target      Proyeksi 2026        Realisasi 2025
          Uraian                                                                                                                    2025
                                                                     2025          2026 Projection       2026 Projection
        Description                                                                                                           2026 Projection
                                               Realisasi       2025 Realization       (Rp | IDR)             to 2025
                             Target                                                                                            to 2025 Target
                                              Realization       to 2025 Target                             Realization
                                                                                                                                     (%)
                                                                      (%)                                      (%)
 Segmen Minyak Nabati
 Edible Oil Segment

 Minyak Kelapa Sawit                  N/A            171.014                N/A              177.000                103,50                     N/A
 Crude Palm Oil

 Minyak Inti Sawit                45.000             30.633               68,07              54.480                  177,85                 121,07
 Palm Kernel Oil

 RBDPO                                N/A             9.992                 N/A                 N/A                    N/A                     N/A

 PFAD                             70.500              17.688              25,09               51.700                292,29                  73,33

 Palm Olein                      678.100            471.293               69,50             833.543                  176,86                122,92

 Palm Stearin                    172.000             109.919               63,91            209.092                 190,22                  121,57

 Palm Kernel Expeller             75.000             45.763                61,02             73.440                 160,48                   97,92
 Lain-lain                        46.018              9.853                21,41             69.775                  708,16                 151,63
 Others



Target Kebijakan Dividen                                                Target of Dividend Policy
Kebijakan dividen ke depan mengacu pada Keputusan Rapat                 The dividend policy moving forward will be based on resolutions
Umum Pemegang Saham (RUPS) yang didasarkan pada peraturan               made by the General Meeting of Shareholders (GMS), in compliance
perundang-undangan yang berlaku.                                        with laws and regulations.

Informasi dan Fakta Material yang Terjadi                               Material Information and Facts That Occurred
Setelah Tanggal Laporan Akuntan                                         After the Date of the Accountant’s Report
Sampai dengan tanggal laporan auditor independen, Perseroan tidak       Up to the date of the independent auditor’s report, the Company
memiliki informasi atau fakta material yang terjadi setelah tanggal     did not have any material information or events occurring after the
pelaporan yang dapat memengaruhi kondisi keuangan maupun hasil          reporting date that would significantly affect its financial condition
usaha Perseroan secara signifikan. Dengan demikian, tidak terdapat      or results of operations. Accordingly, there were no subsequent
peristiwa setelah tanggal pelaporan yang perlu diungkapkan dalam        events requiring disclosure in the financial statements.
laporan keuangan ini.




                                                                                                         PT Sawit Sumbermas Sarana Tbk        147
Page 148
Tinjauan Keuangan Lainnya
Other Financial Reviews

KEBIJAKAN DIVIDEN DAN PEMBAGIANNYA                                      DIVIDEND POLICY AND DISTRIBUTION

Perseroan memiliki kebijakan untuk membagikan dividen tunai             The Company has adopted a policy to distribute cash dividends to
kepada para pemegang saham sebesar 30% dari laba tahun                  shareholders amounting to 30% of consolidated profit for the year
berjalan konsolidasian (setelah dikurangi porsi laba tahun berjalan     (after deducting the portion of profit attributable to non-controlling
yang dapat diatribusikan kepada kepentingan non pengendali),            interests), as part of its commitment to deliver value to shareholders
sebagai komitmen Perseroan untuk memberikan manfaat bagi                for their investment. Through dividend distribution, the Company
pemegang saham atas investasi yang diberikan. Melalui pembagian         demonstrates its ability to manage its business sustainably, maintain
dividen, Perseroan menunjukkan kemampuannya dalam mengelola             profitability, and provide optimal returns to shareholders.
bisnis secara berkelanjutan, mempertahankan profitabilitas dan
membagikan imbalan yang optimal bagi pemegang saham.

Pembagian dividen dilakukan dengan mempertimbangkan                     Dividend distribution is carried out by taking into account the
peningkatan maupun pencapaian finansial Perseroan tahun berjalan,       Company’s financial performance and achievements in the
serta wajib memperoleh persetujuan dari Rapat Umum Pemegang             current year, and must obtain approval from the General Meeting
Saham (RUPS). Setelah persetujuan diberikan, Perseroan berhak           of Shareholders (GMS). Upon receiving such approval, the Company
melaksanakan distribusi dividen sesuai dengan ketentuan peraturan       is entitled to distribute dividends in accordance with the prevailing
perundang-undangan yang berlaku.                                        laws and regulations.

PEMBAGIAN DIVIDEN DALAM 2                                               DIVIDEND DISTRIBUTION IN THE
(DUA) TAHUN TERAKHIR                                                    LAST 2 (TWO) YEARS

Sesuai dengan Akta Berita Acara RUPST yang dibuat oleh Notaris          In accordance with the Deed of Minutes of the Annual General
Jimmy Tanal, SH, M.Kn., No. 87 tanggal 21 April 2025, para pemegang     Meeting of Shareholders (AGMS) drawn up by Notary Jimmy Tanal,
saham menyetujui penggunaan laba bersih Perseroan untuk tahun           S.H., M.Kn., No. 87 dated 21 April 2025, the shareholders approved
buku yang berakhir pada tanggal 31 Desember 2024 sebesar                the allocation of the Company’s net profit for the financial year
Rp.819.533.675.000,- (delapan ratus sembilan belas miliar lima ratus    ended 31 December 2024 amounting to IDR819,533,675,000 (eight
tiga puluh tiga juta enam ratus tujuh puluh lima ribu Rupiah) untuk     hundred nineteen billion five hundred thirty-three million six hundred
digunakan sebagai berikut:                                              seventy-five thousand Rupiah) to be appropriated as follows:
1. Sebesar Rp.450.000.000.000,- (empat ratus lima puluh miliar          1. An amount of IDR450,000,000,000,- (four hundred fifty billion
    Rupiah) atau sejumlah Rp.47,24 (empat puluh tujuh koma dua              Rupiah) or an amount of IDR47.24 (forty seven point two four
    empat Rupiah) per saham atau 54,91% (lima puluh empat                   Rupiah) per share or 54.91% (fifty four point nine one percent)
    koma sembilan satu persen) dari Laba Tahun Berjalan Yang                of Attributable Profit for the Year, distributed as dividends
    Diatribusikan, didistribusikan sebagai dividen kepada pemegang          to shareholders proportionally according to the percentage
    saham secara proporsional sesuai persentase kepemilikan                 of their share ownership. This dividend will be distributed to
    sahamnya. Adapun dividen ini akan didistribusikan kepada                shareholders on May 21, 2025, in accordance with the provisions
    pemegang saham pada tanggal 21 Mei 2025, sesuai dengan                  of the Company’s Articles of Association and the Capital Market
    ketentuan dalam Anggaran Dasar Perseroan dan Peraturan                  Regulations.
    Pasar Modal.
2. Berdasarkan ketentuan yang berlaku di pasar modal, yang berhak       2. Based on the provisions applicable in the capital market, those
    atas dividen tunai adalah pemegang saham yang namanya                  entitled to cash dividends are shareholders whose names are
    tercatat dalam Daftar Pemegang Saham pada tanggal 2 Mei                registered in the Register of Shareholders on May 2, 2025 at
    2025 pukul 16.00 Waktu Indonesia Barat. Adapun pembayaran              16.00 Western Indonesia Time. Meanwhile, the cash dividend
    dividen tunai akan dilakukan pada tanggal 21 Mei 2025.                 payment will be made on May 21, 2025.
3. Sisa dari laba bersih Perseroan yaitu sebesar Rp.369.533.675.000,-   3. The remainder of the Company’s net profit, which is IDR
    (tiga ratus enam puluh sembilan miliar lima ratus tiga puluh tiga      369,533,675,000 (three hundred sixty-nine billion five hundred
    juta enam ratus tujuh puluh lima ribu Rupiah) atau 45,09% (empat       thirty-three million six hundred seventy-five thousand Rupiah)
    puluh lima koma nol sembilan persen) dari Laba Tahun Berjalan          or 45.09% (forty-five point zero nine percent) of the Attributable
    Yang Diatribusikan akan dimasukan sebagai cadangan lainnya             Profit for the Current Year will be included as other reserves
    yang akan menambah saldo laba ditahan.                                 which will increase the retained earnings balance.

Perseroan telah merealisasikan keputusan RUPS tersebut melalui          The Company has realized the GMS resolution by distributing Cash
pembagian Dividen Tunai yang dilakukan pada 21 Mei 2025.                Dividends on May 21, 2025.


 148     Laporan Tahunan 2025 Annual Report
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                                                                                                      Analisis & Pembahasan Manajemen
                                                                                                       Management Discussion & Analysis




 Tabel Pembagian Dividen 2024-2025
 Table of Dividend Distribution 2024-2025

                                                                     2025                                            2024
                       Uraian
                                                          (Untuk Tahun Buku 2024)                          (Untuk Tahun Buku 2023)
                     Description
                                                         (for the 2025 Financial Year)                   (for the 2024 Financial Year)

 Dividen kas yang dibagikan                    450.000.000.000
 Cash dividend distributed

 Dividen per lembar saham                      47,24
 Dividend per share                                                                                 Tidak dibagikan dalam bentuk dividen tunai
                                                                                                  karena dialokasikan sebagai cadangan lainnya
 Rasio pembagian Dividen                       54,91%                                                yang akan menambah saldo laba ditahan.
 Dividend Distribution Ratio                                                                        Not distributed as cash dividends as it was
                                                                                                 allocated as other reserves to increase retained
 Tanggal pengumuman                            21 April 2025                                                         earnings.
 Announcement Date                             April 21, 2025

 Tanggal Pembayaran                            21 Mei 2025
 Payment Date                                  May 21, 2025


REALISASI PENGGUNAAN DANA                                                REALIZATION OF USE OF PROCEEDS
HASIL PENAWARAN UMUM                                                     FROM PUBLIC OFFERING

Perseroan melakukan penawaran saham perdana umum pada tahun              The Company conducted its Initial Public Offering (IPO) in 2013 and
2013 dan berhasil meraih dana bersih sebesar Rp982,2 miliar. Dana        successfully raised net proceeds amounting to IDR982.2 billion. The
tersebut telah digunakan seluruhnya oleh Perseroan dan telah             proceeds have been fully utilised by the Company and reported to
dilaporkan ke regulator sehingga informasi tersebut tidak dapat          the relevant regulator; therefore, detailed information on the use
disajikan di laporan ini.                                                of proceeds is not presented in this report.




                     Informasi Material Mengenai Investasi, Ekspansi,
                           Divestasi, Penggabungan Usaha, Akuisisi,
                               dan/atau Restrukturisasi Utang/Modal
                                                 Material Information Regarding Investment,
                                                Expansion, Divestment, Merger, Acquisition,
                                                           and/or Debt/Capital Restructuring

Pada tahun 2025, Perseroan melakukan aksi korporasi berupa               In 2025, the Company undertook a corporate action in the form
akuisisi (ekspansi) PT Sawit Mandiri Lestari (SML) senilai sekitar       of an acquisition (expansion) of PT Sawit Mandiri Lestari (SML)
Rp1,6 triliun. Aksi korporasi ini memberikan kendali mayoritas           valued at approximately IDR1.6 trillion. This corporate action granted
kepada Perseroan atas SML Selain itu, Perseroan juga melakukan           the Company majority control over SML. In addition, the Company
restrukturisasi pendanaan/modal dengan memperoleh fasilitas              carried out capital/financing restructuring through the acquisition
kredit sindikasi hingga ±Rp5,2 triliun. Langkah refinancing ini          of syndicated credit facilities of up to approximately IDR5.2 trillion.
dilakukan untuk memperoleh struktur pembiayaan yang lebih efisien        This refinancing initiative was undertaken to obtain a more efficient
dan selaras dengan strategi jangka panjang Perseroan.                    financing structure aligned with the Company’s long-term strategy.




                                                                                                        PT Sawit Sumbermas Sarana Tbk        149
Page 150
Informasi Transaksi Material yang Mengandung
Benturan Kepentingan dan/atau Transaksi
dengan Pihak Afiliasi/Pihak Berelasi
Information on Material Transactions Containing Conflicts of
Interest and/or Transactions with Affiliated Parties/Related Parties

INFORMASI TRANSAKSI MATERIAL YANG                                       INFORMATION ON MATERIAL TRANSACTIONS
MENGANDUNG BENTURAN KEPENTINGAN                                         CONTAINING CONFLICT OF INTEREST

Sepanjang tahun 2025, Perseroan melakukan transaksi material            Throughout 2025, the Company carried out a material transaction
berupa akuisisi PT Sawit Mandiri Lestari yang juga dikategorikan        in the form of the acquisition of PT Sawit Mandiri Lestari, which was
sebagai transaksi afiliasi. Namun demikian, transaksi tersebut tidak    also classified as an affiliated transaction. However, the transaction
mengandung benturan kepentingan sebagaimana dimaksud dalam              did not involve any conflict of interest as defined under the prevailing
ketentuan peraturan perundang-undangan yang berlaku.                    laws and regulations.



INFORMASI DENGAN PIHAK AFILIASI                                         INFORMATION ON AFFILIATED PARTIES

Pada tahun 2025, Perseroan melakukan transaksi afiliasi sehubungan      In 2025, the Company conducted an affiliated transaction in
dengan akuisisi PT Sawit Mandiri Lestari. Transaksi ini dilakukan       connection with the acquisition of PT Sawit Mandiri Lestari. The
sesuai dengan ketentuan peraturan perundang-undangan yang               transaction was carried out in accordance with the applicable
berlaku, termasuk ketentuan mengenai transaksi afiliasi dan             laws and regulations, including provisions governing affiliated and
transaksi material.                                                     material transactions.

INFORMASI TRANSAKSI DENGAN                                              INFORMATION ON RELATED
PIHAK BERELASI                                                          PARTY TRANSACTIONS

Informasi terkait transaksi dengan pihak-pihak berelasi, sifat          Information regarding transactions with related parties, including the
hubungan, serta jenis transaksi yang dilakukan Perseroan dengan         nature of the relationships and the types of transactions conducted
pihak-pihak berelasi                                                    by the Company with such parties, is presented in the following
                                                                        section.

Kebijakan tentang Pihak Berelasi                                        Policy on Related Parties
Perseroan mendefinisikan pihak berelasi didefinisikan sebagai           The Company defines related parties as follows:
berikut:
1. Orang atau anggota keluarga terdekat mempunyai relasi dengan         1. A person or an immediate family member has a relationship
    Kelompok Usaha jika orang tersebut:                                    with the Business Group if the person:
    a. Memiliki pengendalian atau pengendalian bersama                     a. Has control or joint control of the Company;
        Perseroan;                                                         b. Has significant influence over the Company; or
    b. Memiliki pengaruh signifikan atas Perseroan; atau                   c. Key management personnel of the Company or the parent
    c. Personil manajemen kunci Perseroan atau entitas induk                   entity of the Company.
        Perseroan.
2. Suatu entitas berelasi dengan Perseroan jika memenuhi salah          2. An entity is related to the Company if it fulfills one of the
    satu hal berikut:                                                      following:
    a. Entitas dan Perseroan adalah anggota dari Kelompok Usaha            a. The Entity and the Company are members of the same
        yang sama (artinya entitas induk, entitas anak, dan entitas             Business Group (meaning that the parent entity, subsidiary
        anak berikutnya terkait dengan entitas lain).                           and subsequent subsidiaries are related to other entities).
    b. Satu entitas adalah entitas asosiasi atau ventura bersama           b. One entity is an associate or joint venture of the other entity
        dari entitas lain (atau entitas asosiasi atau ventura bersama           (or an associate or joint venture of a member of a Business
        yang merupakan anggota suatu Kelompok Usaha, yang mana                  Group, of which the other entity is a member).
        entitas lain tersebut adalah anggotanya).




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                                                                                                            Analisis & Pembahasan Manajemen
                                                                                                             Management Discussion & Analysis




    c. Kedua entitas tersebut adalah ventura bersama dari pihak                     c. The two entities are joint ventures of the same third party.
       ketiga yang sama.
    d. Satu entitas adalah ventura bersama dari entitas ketiga dan                  d. One entity is a joint venture of the third entity and the other
       entitas yang lain adalah entitas asosiasi dari entitas ketiga.                  entity is an associate of the third entity.
    e. Entitas tersebut adalah suatu program imbalan pascakerja                     e. The entity is a post-employment benefit plan for employee
       untuk imbalan kerja dari salah satu entitas pelapor atau                        benefits from a reporting entity or an entity related to
       entitas yang terkait dengan entitas pelapor. Jika entitas                       the reporting entity. If the reporting entity is the entity
       pelapor adalah entitas yang menyelenggarakan program                            administering the program, then the sponsoring entity is
       tersebut, maka entitas sponsor juga berelasi dengan entitas                     also related to the reporting entity.
       pelapor.
    f. Entitas yang dikendalikan atau dikendalikan bersama oleh                     f. Entity that is controlled or jointly controlled by the person
       orang yang diidentifikasikan dalam huruf (a).                                   identified in letter (a).
    g. Orang yang diidentifikasi dalam huruf (a) (i) memiliki                       g. The person identified in (a) (i) has significant influence over
       pengaruh signifikan atas entitas atau personil manajemen                        the entity or is a key management personnel of the entity
       kunci entitas (atau entitas induk dari entitas).                                (or the parent of the entity).



Transaksi tersebut dilakukan berdasarkan persyaratan yang disetujui            The transaction is carried out based on terms agreed by both parties.
oleh kedua belah pihak.

NAMA PIHAK BERTRANSAKSI DAN                                                    NAME OF TRANSACTION PARTY
SIFAT HUBUNGAN AFILIASI                                                        AND NATURE OF AFFILIATION

Tabel di bawah ini mengungkapkan pihak-pihak yang berelasi dan                 The following table reveals the related parties and the nature of
sifat hubungan serta sifat transaksi untuk periode tahun buku 2025:            the relationship and the nature of the transactions for the fiscal
                                                                               year 2025:
 Pengungkapan Pihak Berelasi
 Disclosure of Related Parties

                Pihak yang Berelasi                                Sifat Hubungan                                      Sifat Transaksi
                   Related Party                                Nature of Relationship                              Nature of Transaction
 PT Citra Borneo Indah (CBI)                       Entitas Induk                                      Penjualan dan pembelian komoditas, penjualan
                                                   Parent entity                                      dan pembelian barang non-komoditas, pinjaman,
                                                                                                      hasa research, pendapatan keuangan, dan sewa.
                                                                                                      Sales and purchase of commodities, sales and
                                                                                                      purchases of non-commodity goods, loans,
                                                                                                      research services, finance income, and rental.

 Bapak Abdul Rasyid AS                             Hubungan keluarga dengan penerima manfaat          Sewa tanah
                                                   Grup.                                              Land Rental
                                                   Family relationships with the Group’s
                                                   beneficiaries.

 Borneo Agri Resources Industries Pte Ltd (BARI)   Entitas yang didirikan oleh penerima manfaat       Penjualan komoditas
                                                   Perseroan.                                         Sales of commodity.
                                                   Entity which was established by the beneficial
                                                   owner of the corporation.

 PT Borneo Sawit Gemilang (BSG)                    Entitas yang dimiliki oleh salah satu pemegang     Penjualan komodtas, pembelian barang non-
                                                   saham.                                             komoditas, dan jasa asistensi.
                                                   Entity which owned by one of the shareholders.     Sales of commodities, sales of non-commodity
                                                                                                      goods, and assistance services.

 PT Citra Borneo Global Feeds (CBGF)                                                                  Penjualan komoditas
                                                                                                      Sales of commodity.

 PT Natai Sawit Perkasa (NSP)                                                                         Pembelian barang non-komoditas, penjualan
                                                                                                      barang non-komoditas, dan jasa asistensi.
                                                                                                      Purchases of commodities, sales of non-
                                                                                                      commodity goods, and assistance services.

 PT Pelayaran Lingga Marintama (LM)                                                                   Jasa pengangkutan dan pengiriman
                                                                                                      Handling and freight expense

 PT Pelayaran Senggora (PS)                                                                           Jasa pengangkutan dan pengiriman
                                                                                                      Handling and freight expense




                                                                                                               PT Sawit Sumbermas Sarana Tbk      151
Page 152
 Pengungkapan Pihak Berelasi
 Disclosure of Related Parties

                Pihak yang Berelasi                            Sifat Hubungan                                      Sifat Transaksi
                   Related Party                            Nature of Relationship                              Nature of Transaction

 PT Pesona Citra Propertindo (PCP)                                                              Sewa kantor
                                                                                                Office rental

 PT Sulung Ranch (SR                                                                            Pembelian barang non komoditas, pendapatan
                                                                                                keuangan, sewa lahan, dan jasa penanganan.
                                                                                                Sales of non-commodities, finance income and
                                                                                                handling expense.

 PT Surya Borneo Industri (SBI)                                                                 Penjualan barang non-komoditas, pendapatan
                                                                                                keuangan, sewa lahan, dan jasa penanganan.
                                                                                                Sales of non-commodities, finance income and
                                                                                                handling expense.

 PT Bank Perkreditan Rakyat Lingga Sejahtera   Pihak berelasi lainnya                           Kas dan setara kas, deposito berjangka, pinjaman,
 (BPRLS)                                       Other related party                              beban bunga dan sewa.
                                                                                                Cash and cash equivalents, time deposits, loan,
                                                                                                interest expense, and rental

 PT Sepalar Yasa Kartika (SYK)                                                                  Penjualan barang komoditas dan jasa asistensi
                                                                                                Sales of commodity and assistance service.

 PT Mandiri Indah Lestari (“MIL”)                                                               Penjamin
                                                                                                Guarantor


Dalam kegiatan usaha normal, Kelompok Usaha Perseroan                     In normal business activities, the Company’s Business Group enters
mengadakan transaksi penjualan, pembelian, dan transaksi                  into sales, purchases and other financial transactions with related
keuangan lainnya dengan pihak berelasi, yang dilakukan dengan             parties, which are carried out under the terms and conditions agreed
syarat dan kondisi yang disepakati oleh para pihak. Tentang saldo         upon by the parties. The significant balances and transactions with
dan transaksi yang signifikan dengan pihak-pihak berelasi yang            related parties recorded by SSMS are presented in the Consolidated
dibukukan SSMS dapat dilihat pada Laporan Keuangan Konsolidasian          Financial Statements as of December 31, 2023 in note No. 34 to the
pada 31 Desember 2025 pada catatan No. 34 Laporan Keuangan                Company’s Consolidated Financial Statements.
Konsolidasian Perseroan.

Penjelasan Mengenai Kewajaran Transaksi                                   Fairness of the Transaction

Kewajaran seluruh transaksi yang dilakukan Perseroan dengan               The fairness of all transactions carried out by the Company with
Pihak-pihak Berelasi/Berafiliasi telah diungkapkan pada laporan           Related/Affiliated Parties has been disclosed in the financial
keuangan, dan telah sesuai dengan standar PSAK 7 (revisi 2014)            statements, and complies with PSAK 7 (revised 2014) standard
tentang “Pengungkapan Pihak-pihak Berelasi” yang mensyaratkan             concerning “Disclosure of related parties” which requires disclosure
pengungkapan hubungan, transaksi dan saldo pihak-pihak berelasi,          of relationships, transactions and balances of related parties,
termasuk komitmen, dalam laporan keuangan.. Semua transaksi               including commitments, in the financial statements. All transactions
dengan pihak yang berelasi, dilakukan dengan persyaratan, tingkat         with related parties are carried out under normal terms, price levels
harga, dan kondisi normal sebagaimana yang dilakukan dengan pihak         and conditions as those conducted with third parties and have been
ketiga dan telah diungkapkan dalam laporan keuangan.                      disclosed in the financial statements.

Kebijakan Perusahaan Terkait Mekanisme                                    Company Policy Regarding Review Mechanism
Review atas Transaksi dan Pemenuhan                                       of Transactions and Compliance with
Peraturan dan Ketentuan Terkait                                           Related Regulations and Provisions
Dalam rangka melindungi kepentingan pemegang saham dan                    In order to protect the interests of shareholders and stakeholders, in
stakeholder, maka dalam menjalankan kegiatannya, Perseroan                carrying out its activities, the Company is subject to policies in terms
tunduk pada ketentuan menerapkan kebijakan dalam hal mekanisme            of review mechanisms for affiliated/related party transactions, which
review atas transaksi afiliasi/pihak berelasi, yang berpedoman pada       refer to laws and regulations including PSAK, OJK Regulation No. 42/
peraturan perundang-undangan antara lain PSAK, Peraturan OJK              POJK.04/2020 concerning Affiliated Transactions and Transactions
No. 42/POJK.04/2020 tentang Transaksi Afiliasi dan Transaksi              with Conflicts of Interest (“POJK 42”).
Benturan Kepentingan (“POJK 42”).




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                                                                                                     Management Discussion & Analysis




Berdasarkan POJK 42, Transaksi Afiliasi didefinisikan sebagai          Based on POJK 42, Affiliated Transactions are defined as any
setiap aktivitas dan/atau transaksi yang dilakukan oleh perusahaan     activities and/or transactions carried out by a public company or a
terbuka atau perusahaan terkendali dengan Afiliasi dari perusahaan     controlled company with Affiliates of a public company or Affiliates
terbuka atau Afiliasi dari anggota Direksi, anggota Dewan Komisaris,   of members of the Board of Directors, members of the Board of
Pemegang Saham Utama, atau Pengendali, termasuk setiap aktivitas       Commissioners, Majority or Controlling Shareholders, includes any
dan/atau transaksi yang dilakukan oleh perusahaan terbuka atau         activity or transaction carried out by a public company or a controlled
perusahaan terkendali untuk kepentingan Afiliasi dari perusahaan       company for the public Company’s affiliate interest or an affiliate
terbuka atau Afiliasi dari anggota Direksi, anggota Dewan Komisaris,   of a member of the Board of Directors, member of the Board of
Pemegang Saham Utama, atau Pengendali.                                 Commissioners, major shareholder, or controller.

POJK 42 mengatur mengenai kewajiban prosedur bagi Perusahaan            POJK 42 regulates procedural obligations for public companies
Terbuka termasuk pengecualiannya, dalam hal melaksanakan               including but not limited to carrying out Affiliated Transactions.
Transaksi Afiliasi. Sesuai Pasal 8 dan Pasal 9 POJK 42, Transaksi      In accordance with Article 8 and Article 9 POJK 42, Affiliated
Afiliasi yang merupakan kegiatan usaha yang dijalankan dalam           Transactions which are business activities carried out to generate
rangka menghasilkan pendapatan usaha dan dijalankan secara             business income and are carried out routinely, repeatedly and/or
rutin, berulang, dan/atau berkelanjutan, diungkapkan dalam laporan     continuously, are disclosed in reports or annual financial statements
atau laporan keuangan tahunan perusahaan terbuka, sebagaimana          of public companies, as disclosed above.
telah diungkapkan di atas.




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Perubahan Peraturan Perundang-Undangan yang
Berpengaruh Signifikan Terhadap Perusahaan
Changes to Laws and Regulations with a
Significant Impact on the Company

Selama tahun buku 2025, tidak terdapat perubahan peraturan           During the financial year 2025, there were no changes in laws
perundang-undangan yang berdampak signifikan terhadap kegiatan       and regulations that had a significant impact on the Company’s
usaha, kinerja keuangan, maupun posisi keuangan Perseroan.           business activities, financial performance, or financial position.
Perseroan senantiasa memantau perkembangan regulasi yang             The Company continuously monitors regulatory developments
berlaku dan memastikan kepatuhan terhadap seluruh ketentuan          and ensures compliance with all applicable laws and regulations.
peraturan perundang-undangan yang relevan.




Perubahan Kebijakan Akuntansi dan
Dampaknya Terhadap Perusahaan
Changes in Accounting Policy and Their Impact on the Company

Perseroan telah melakukan kajian atas sejumlah amandemen standar     The Company has conducted an assessment of several amendments
akuntansi yang berlaku efektif untuk periode tahunan yang dimulai    to accounting standards that are effective for annual periods
pada atau setelah 1 Januari 2025 serta yang berpotensi relevan       beginning on or after January 1, 2025, as well as those that may be
terhadap pelaporan keuangan. Berdasarkan kajian tersebut, tidak      relevant to its financial reporting. Based on this assessment, there
ada amandemen standar akuntansi yang memberikan dampak yang          are no amendments to accounting standards that have a material
material terhadap laporan keuangan konsolidasian periode berjalan.   impact on the current period consolidated financial statements.

Penerapan standar yang baru dan direvisi tidak menghasilkan          The adoption of the following new and revised standard did not
perubahan besar terhadap kebijakan akuntansi Perusahaan dan          result in substantial changes to the Company’s accounting policies
tidak memiliki dampak material pada jumlah yang dilaporkan untuk     and had no material effect on the amounts reported for the current
tahun keuangan saat ini atau sebelumnya.                             of prior financial years.




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                                                                Informasi Kelangsungan Usaha
                                                                           Business Continuity Information

Hingga akhir tahun 2025 Perseroan tidak menemukan adanya                  Until the end of 2025, the Company did not find any potential issues
hal-hal yang memiliki potensi untuk mempengaruhi kelangsungan             that could significantly affect its business continuity. Any potential
usaha secara signifikan. Setiap risiko potensial dapat dimitigasi         risks can be mitigated optimally based on the implementation of the
secara optimal berdasarkan penerapan kebijakan manajemen risiko           Company’s risk management policies that have been determined.
Perseroan yang telah ditetapkan.




                                                                        Tinjauan Teknologi Informasi
                                                                             Information Technology Review

Teknologi informasi (TI) memiliki peran strategis dalam meningkatkan      Information technology (IT) plays a strategic role in enhancing the
efisiensi serta akurasi operasional Perseroan, mulai dari pengelolaan     Company’s operational efficiency and accuracy, from plantation
perkebunan hingga proses produksi dan distribusi. Perseroan terus         management to production and distribution processes. The Company
mengembangkan infrastruktur TI guna memantau produktivitas                continues to develop its IT infrastructure to monitor plantation
kebun, mengelola lahan secara lebih efektif, serta mendukung              productivity, manage land more effectively, and support data-driven
pengambilan keputusan berbasis data. Penerapan teknologi ini              decision-making. The implementation of such technology forms part
menjadi bagian dari upaya Perseroan dalam menjalankan operasional         of the Company’s efforts to maintain sustainable and competitive
yang berkelanjutan dan berdaya saing, sejalan dengan visi jangka          operations, in line with its long-term vision to create added value
panjang untuk menciptakan nilai tambah di industri kelapa sawit.          within the palm oil industry.

PENGELOLAAN TEKNOLOGI INFORMASI                                           IT GOVERNANCE

Perseroan telah membangun dan mengelola infrastruktur TI yang             The Company has established and manages IT infrastructure across
tersebar di berbagai lokasi operasional, termasuk Head Office             various operational locations, including the Head Office in Pangkalan
Pangkalan Bun, Site Downstream Tempenek, Kantor Perwakilan                Bun, the Downstream Site in Tempenek, Representative Offices in
Jakarta dan Singapura, serta site operasional perkebunan di               Jakarta and Singapore, and plantation sites in Kotawaringin Barat,
Kabupaten Kotawaringin Barat, Lamandau, dan Pulang Pisau.                 Lamandau, and Pulang Pisau. All locations are connected online
Seluruh lokasi tersebut terhubung secara online melalui jaringan          through secure private networks. To ensure service continuity, the
privat yang terjamin dalam segi keamanannya. Untuk mendukung              Company operates one primary data centre along with several small
keberlangsungan layanan TI, Perseroan memiliki satu data center           data centres at each branch.
utama serta beberapa small data center di masing-masing cabang.

Pengelolaan seluruh infrastruktur dan layanan TI dilakukan secara         All IT infrastructure and services are managed internally by a
internal oleh tim yang memiliki kompetensi di bidangnya, sehingga         competent in-house team, ensuring system reliability is consistently
keandalan sistem dapat terus terjaga. Dalam rangka meminimalisir          maintained. To minimise potential downtime, the Company has
potensi downtime, Perseroan menerapkan sistem backup unit                 implemented backup units for communication network infrastructure
pada infrastruktur jaringan komunikasi data di site operasional           at plantation sites, as well as multi-layered data backup systems to
perkebunan, serta sistem backup data berlapis guna menjamin               ensure information security and availability.
keamanan dan ketersediaan informasi.

Dalam menjaga keamanan informasi, Perseroan menerapkan                    To safeguard information security, the Company adopts policies
kebijakan berbasis standar ISO 27001, termasuk pengaturan hak             aligned with ISO 27001 standards, including access rights
akses layanan TI bagi karyawan sesuai dengan level jabatan dan            management based on employees’ roles and operational needs.
kebutuhan pekerjaan. Sistem keamanan juga diperkuat melalui               Security systems are further reinforced through the use of firewalls,
penggunaan firewall, anti-spam, endpoint security, serta berbagai         anti-spam solutions, endpoint security, and other protective
mekanisme perlindungan lainnya untuk melindungi data dan                  mechanisms to safeguard corporate data from cyber threats.
informasi perusahaan dari ancaman siber.




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Penerapan sistem TI yang andal memungkinkan Perseroan                  The implementation of a robust IT system enables the Company
menjalankan Enterprise Resource Planning (ERP) Perkebunan secara       to operate an integrated Plantation Enterprise Resource Planning
terintegrasi hingga proses pelaporan keuangan. Selain itu, Perseroan   (ERP) system through to financial reporting processes. In addition,
juga telah mengimplementasikan pencatatan aktivitas panen secara       the Company has implemented real-time harvest activity recording
real-time melalui Mobile Application System, yang meningkatkan         through a Mobile Application System, enhancing efficiency,
efisiensi, transparansi, dan akurasi dalam operasional perkebunan.     transparency, and operational accuracy.

STRATEGI PENGEMBANGAN TI 2026                                          IT DEVELOPMENT STRATEGY 2026

Perseroan terus memperkuat peran teknologi informasi sebagai           The Company continues to strengthen the role of information
enabler utama dalam mendukung efisiensi operasional, pengambilan       technology as a key enabler in supporting operational efficiency, data-
keputusan berbasis data, serta peningkatan daya saing bisnis secara    driven decision-making, and sustainable business competitiveness.
berkelanjutan. Memasuki tahun 2026, Perseroan mengarahkan              Entering 2026, the Company directs its IT development to be more
pengembangan TI secara lebih terintegrasi dan adaptif terhadap         integrated and adaptive to business needs, focusing on enhancing
kebutuhan bisnis, dengan fokus pada peningkatan keandalan sistem,      system reliability, data security, and optimizing the use of digital
keamanan data, serta optimalisasi pemanfaatan teknologi digital        technology across all operational lines.
di seluruh lini operasional.

Dalam mendukung keberlangsungan operasional yang andal dan             To support reliable and sustainable operations, the Company
berkelanjutan, Perseroan melanjutkan penguatan infrastruktur TI        continues to strengthen its IT infrastructure through the development
melalui pengembangan secondary data center serta peningkatan           of a secondary data center and increased system capacity to ensure
kapasitas sistem untuk memastikan ketersediaan layanan                 service availability and resilience against disruptions (business
(availability) dan ketahanan terhadap risiko gangguan (business        continuity). This initiative plays an important role in maintaining
continuity). Langkah ini menjadi bagian penting dalam menjaga          system stability while supporting increasingly digitalized operations.
stabilitas sistem serta mendukung operasional yang semakin
terdigitalisasi.

Perseroan juga terus mengembangkan sistem aplikasi yang                The Company also continues to develop integrated application
terintegrasi, khususnya pada sektor perkebunan, guna meningkatkan      systems, particularly in the plantation sector, to improve data
akurasi data, efisiensi proses, serta visibilitas operasional secara   accuracy, process efficiency, and real-time operational visibility.
real-time. Pengembangan ini diarahkan untuk mendukung                  This development is aimed at enabling faster and more accurate
pengambilan keputusan yang lebih cepat dan tepat, serta                decision-making, as well as strengthening control over operational
memperkuat pengendalian kinerja operasional di seluruh unit kerja.     performance across all business units.

Selain itu, Perseroan melanjutkan program peremajaan infrastruktur     In addition, the Company continues its phased IT infrastructure
TI secara bertahap guna memastikan kesesuaian dengan                   modernization program to ensure alignment with the latest
perkembangan teknologi terkini. Upaya ini mencakup peningkatan         technological developments. This includes upgrading hardware,
perangkat keras, jaringan, serta sistem keamanan informasi guna        networks, and information security systems to minimize operational
meminimalkan risiko operasional dan menjaga integritas data            risks and safeguard data integrity.
perusahaan.

Sejalan dengan transformasi digital yang terus berkembang,             In line with ongoing digital transformation, the Company is also
Perseroan juga mempercepat migrasi layanan TI dari on-premise ke       accelerating the migration of IT services from on-premise to cloud
cloud sebagai bagian dari strategi modernisasi sistem. Implementasi    as part of its system modernization strategy. The implementation of
teknologi cloud diharapkan dapat meningkatkan fleksibilitas,           cloud technology is expected to enhance flexibility, scalability, and
skalabilitas, serta efisiensi biaya, sekaligus mendukung inovasi       cost efficiency, while supporting innovation and the development
dan pengembangan layanan digital di masa depan.                        of future digital services.

Melalui strategi pengembangan TI yang terarah dan berkelanjutan,       Through a structured and sustainable IT development strategy,
Perseroan optimis dapat memperkuat fondasi digital perusahaan          the Company is confident in strengthening its digital foundation
serta mendukung pertumbuhan bisnis yang lebih efisien, adaptif,        and supporting more efficient, adaptive, and competitive business
dan berdaya saing tinggi.                                              growth.




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  PT Sawit Sumbermas Sarana Tbk     157
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05

Tata
Kelola
Perusahaan
Good Corporate
Governance




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       Tata Kelola Perusahaan
    Good Corporate Governance




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Komitmen Penerapan Tata Kelola Perusahaan Yang Baik
Commitment to the Implementation of Good Corporate Governance




Bagi SSMS, Tata Kelola Perusahaan yang Baik atau Good Corporate     For SSMS, Good Corporate Governance (GCG) is the foundation from
Governance (GCG) merupakan dasar dari proses dan mekanisme          ethical and responsible corporate management processes and
pengelolaan perusahaan yang beretika dan bertanggung jawab,         mechanisms, in accordance with the applicable laws and regulations.
sesuai dengan peraturan dan perundang-undangan yang berlaku.        Therefore, the Company strives to implement its operational based
Oleh karena itu, Perseroan senantiasa menjalankan operasional       on GCG principles to create sustainable added value for shareholders
Perseroan berdasarkan pada prinsip-prinsip GCG untuk menciptakan    and stakeholders, both in the short and long term.
nilai tambah yang berkelanjutan bagi pemegang saham dan
pemangku kepentingan, baik dalam jangka pendek maupun jangka
panjang.




                         KEPATUHAN                                                          ETIKA BERUSAHA
                         Compliance                                                          Business ethics

                     terhadap peraturan
                                                                                  sebagai cermin perilaku dunia usaha
             perundang-undangan yang berlaku
                                                                                 as a mirror of healthy business behavior
             to applicable laws and regulations




                                     Iklim Investasi yang Baik dan Pertubuhan yang Berkelajutan
                                           Good Investment Climate and Sustainable Growth




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                         Good Corporate Governance




PRINSIP TATA KELOLA                                                             GOOD CORPORATE GOVERNANCE PRINCIPLES
PERUSAHAAN YANG BAIK

Perseroan menerapkan prinsip-prinsip GCG berlandaskan                           The Company implements GCG principles based on the General
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021 yang                    Guidelines for Indonesian Corporate Governance (PUGKI) 2021
dipublikasikan KNKG. Prinsip-prinsip ini diimplementasikan melalui              published by KNKG. These principles are implemented through
pilar-pilar governansi korporat berikut.                                        the following corporate governance pillars.


     Prinsip                                                                  Perilaku Beretika
    Principles                                                                 Ethical Conduct
 Penjelasan       Dalam melaksanakan kegiatannya, korporasi senantiasa mengedepankan kejujuran, memperlakukan semua pihak dengan hormat (respect),
 Explanation      memenuhi komitmen, membangun serta menjaga nilai-nilai moral dan kepercayaan secara konsisten. Korporasi memperhatikan kepentingan
                  Pemegang Saham dan pemangku kepentingan lainnya berdasarkan asas kewajaran dan kesetaraan (fairness) dan dikelola secara independen
                  sehingga masing-masing organ perusahaan tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.
                  In carrying out its activities, the company always prioritizes honesty, treats all parties with respect, fulfills commitments, builds and
                  maintains moral values and beliefs consistently. The company pays attention to the interests of shareholders and other stakeholders based
                  on the principles of fairness and is managed independently so that each organ of the company does not dominate each other and cannot
                  be intervened by other parties.

 Penerapan        •   Menerapkan Kode Etik sebagai landasan perilaku bagi seluruh insan perusahaan dalam menjalankan tugas dan tanggung jawabnya.
 Implementation       Kode Etik ini berfungsi untuk menciptakan lingkungan kerja yang sehat, saling menghargai, dan berorientasi pada kepentingan bersama.
                  •   Memiliki Pedoman Tata Kelola (Charter) yang menetapkan peran dan tanggung jawab masing-masing organ perusahaan, sehingga
                      memastikan setiap aktivitas operasional berjalan sesuai aturan dan tanpa intervensi yang melanggar batas kewenangan.
                  •   Apply the Code of Conduct as a basis in behaving for all company personnel in performing duties and responsibilities. The Code of
                      Conduct aims to create a healthy, mutually respectful work environment, oriented to common interests.
                  •   Has Governance Guideline (Charter) that establishes the roles and responsibilities for each organ of the company, and ensure every
                      operational activity runs according to the rules and without intervention violating the limits of authority.


     Prinsip                                                                   Akuntabilitas
    Principles                                                                 Accountability

 Penjelasan       Korporasi dapat mempertanggungjawabkan kinerjanya secara transparan dan wajar. Untuk itu, korporasi harus dikelola secara benar, terukur
 Explanation      dan sesuai dengan kepentingan korporat dengan tetap memperhitungkan kepentingan Pemegang Saham dan pemangku kepentingan.
                  Akuntabilitas merupakan prasyarat yang diperlukan untuk mencapai kinerja yang berkelanjutan.
                  The company can account for its performance transparently and reasonably. As such, the company must be managed correctly, measurably
                  and in accordance with company interests while taking into account the interests of shareholders and stakeholders. Accountability is a
                  necessary prerequisite for achieving sustainable performance.

 Penerapan        •   Mengevaluasi kinerja dan aktivitas Perseroan secara berkala melalui laporan resmi, seperti Laporan Keuangan, Laporan Tahunan, dan
 Implementation       Laporan Keberlanjutan.
                  •   Memastikan seluruh laporan disusun secara benar, terukur, dan akurat sesuai prinsip akuntabilitas, sehingga mencerminkan kondisi
                      perusahaan secara transparan dan dapat dipertanggungjawabkan.
                  •   Melakukan audit internal dan eksternal secara rutin untuk menilai dan memastikan bahwa seluruh aspek tata kelola dan operasional
                      Perseroan berjalan sesuai dengan regulasi yang berlaku.
                  •   Melakukan monitoring dan evaluasi kinerja organ perusahaan (Dewan Komisaris, Direksi, dan Komite) secara berkala untuk memastikan
                      pengambilan keputusan didasarkan pada prinsip kehati-hatian dan kepentingan perusahaan.
                  •   Menerapkan sistem pengendalian internal dan manajemen risiko yang baik guna menjaga stabilitas perusahaan dan memitigasi risiko
                      dalam setiap aktivitas bisnis.
                  •   Evaluate Company’s performance and activities periodically through official reports, such as Financial Statements, Annual Report,
                      and Sustainability Report.
                  •   Ensure all reports are prepared correctly, measurably, and accurately in line with accountability principles, to reflect the company’s
                      condition in transparent and accountable manner.
                  •   Conduct regular internal and external audits to assess and ensure all aspects of Company’s governance and operations are in accordance
                      with applicable regulations.
                  •   Monitor and evaluate the performance of company’s organs (Board of Commissioners, Board of Directors, Committees) periodically
                      to ensure the decision-making is based on the prudent principles and the company’s interests.
                  •   Implement good internal control and risk management system to maintain company’s stability and mitigate risks in every business activity.




                                                                                                                    PT Sawit Sumbermas Sarana Tbk         161
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     Prinsip                                                                      Transparansi
    Principles                                                                    Transparency

 Penjelasan        Untuk menjaga obyektivitas dalam menjalankan bisnis, korporasi menyediakan informasi yang material dan relevan dengan cara yang
 Explanation       mudah diakses dan dipahami oleh pemangku kepentingan. Korporasi mengambil inisiatif untuk mengungkapkan tidak hanya masalah
                   yang disyaratkan oleh peraturan perundang-undangan, tetapi juga hal yang penting untuk pengambilan keputusan oleh Pemegang Saham,
                   kreditur, dan pemangku kepentingan lainnya.
                   To maintain objectivity in conducting business, the company provides material and relevant information in a way that is easily accessible
                   and understood by stakeholders. The Company takes the initiative to disclose not only issues required by laws and regulations, but also
                   those that are important for decision-making by shareholders, creditors and other stakeholders.

 Penerapan         •   Menyediakan informasi material dan relevan yang mudah diakses oleh pemangku kepentingan melalui situs web Perseroan dan Bursa
                       Efek Indonesia.
                   •   Mengungkapkan informasi yang tidak hanya diwajibkan oleh peraturan, tetapi juga hal-hal penting yang mendukung pengambilan
                       keputusan Pemegang Saham, kreditur, dan pemangku kepentingan lainnya.
                   •   Melakukan komunikasi yang transparan dan tepat waktu untuk menjaga obyektivitas dalam setiap aktivitas bisnis.
                   •   Menyampaikan Laporan Tahunan, Laporan Keuangan, dan Laporan Keberlanjutan secara berkala sebagai bentuk pertanggungjawaban
                       dan keterbukaan informasi.
                   •   Mengambil inisiatif untuk mengungkapkan informasi tambahan yang berdampak pada operasional dan keputusan bisnis.
                   •   Provide easily accessible material and relevant information for stakeholders through the Company and Indonesia Stock Exchange websites.
                   •   Disclose not only the regulatory required information, but also important issues supporting the decision-making by Shareholders,
                       creditors, and other stakeholders.
                   •   Conduct transparent and timely communication to maintain objectivity in every business activity.
                   •   Submit Annual Report, Financial Statements, and Sustainability Report periodically as a form of accountability and information disclosure.
                   •   Take the initiative to disclose additional information impacting the business operations and decisions.



     Prinsip                                                                     Keberlanjutan
    Principles                                                                   Sustainability

 Penjelasan        Korporasi mematuhi peraturan perundang-undangan serta berkomitmen melaksanakan tanggung jawab terhadap masyarakat dan lingkungan
 Explanation       agar berkontribusi pada pembangunan berkelanjutan melalui kerja sama dengan semua pemangku kepentingan untuk meningkatkan
                   kehidupan mereka dengan cara yang selaras dengan kepentingan bisnis dan agenda pembangunan berkelanjutan.
                   The Company complies with laws and regulations and is committed to carrying out its responsibility towards society and the environment
                   in order to contribute to sustainable development through cooperation with all relevant stakeholders to improve community lives in a way
                   that is in line with business interests and the sustainable development agenda.

 Penerapan         •   Mematuhi peraturan perundang-undangan dalam menjalankan operasional sebagai bagian dari tanggung jawab perusahaan terhadap
 Implementation        masyarakat dan lingkungan.
                   •   Mengintegrasikan prinsip keberlanjutan ke dalam aktivitas bisnis untuk mendukung pembangunan yang selaras dengan kepentingan
                       sosial dan lingkungan.
                   •   Berkolaborasi dengan pemangku kepentingan dalam mendorong peningkatan kesejahteraan masyarakat dan pelestarian lingkungan.
                   •   Melaksanakan program CSR secara konsisten untuk memberikan dampak positif yang berkelanjutan dan memperkuat hubungan
                       dengan komunitas lokal.
                   •   Menyajikan laporan perkembangan CSR melalui berbagai platform, termasuk Laporan Tahunan, Laporan Keberlanjutan, dan situs web
                       resmi, sebagai bentuk keterbukaan dan tanggung jawab perusahaan.
                   •   Comply with laws and regulations in its operations as part of the company’s responsibility to community and environment.
                   •   Integrate sustainability principles into the business activities to support development that align with social and environmental interests.
                   •   Collaborate with stakeholders to drive better community welfare and environmental preservation.
                   •   Implement CSR programs consistently to provide sustainable positive impacts and strengthen relationships with local communities.
                   •   Present CSR progress reports via various platforms, including the Annual Report, Sustainability Report, and official website, as a form
                       of company’s disclosure and responsibility.


Komitmen tersebut dilakukan secara konsisten di seluruh jajaran                   This commitment is consistently implemented across all levels
Perseroan, mulai dari Dewan Komisaris, Direksi, hingga seluruh                    of the Company, from the Board of Commissioners and Board of
karyawan.                                                                         Directors to all employees.

TUJUAN PENERAPAN GCG                                                              GCG IMPLEMENTATION OBJECTIVES

Perseroan secara konsisten menerapkan prinsip-prinsip GCG dalam                   The Company consistently implement GCG principles in every
setiap proses pengelolaan Perusahaan, yang bertujuan untuk:                       process of company management. This step has the following
                                                                                  objectives:
1. Memastikan pengelolaan perusahaan sesuai dengan                                1. Ensuring the Company is managed in accordance with GCG
   prinsip-prinsip GCG, seperti perilaku beretika, akuntabilitas,                     principles, such as ethical conduct, accountability, transparency,
   transparansi, dan keberlanjutan;                                                   and sustainability;

2. Memperkuat fungsi dan kemandirian setiap organ perusahaan,                     2. Strengthening the functions and independence of each company
   yakni Dewan Komisaris, Direksi, dan Rapat Umum Pemegang                           organ, namely Board of Commissioners, Board of Directors, and
   Saham;                                                                            General Meeting of Shareholders;


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                                                                                                            Tata Kelola Perusahaan
                                                                                                         Good Corporate Governance




3. Mendorong Pemegang Saham, Dewan Komisaris, dan Direksi             3. Encouraging Shareholders, Board of Commissioners, and Board
   agar mengambil setiap keputusan dan tindakan didasari oleh nilai      of Directors to make every decision and action based on high
   moral yang tinggi serta kepatuhan pada peraturan yang berlaku;        moral value and compliance with the applicable regulations;
4. Mengoptimalkan nilai Perseroan bagi Pemegang Saham dengan          4. Optimizing the Company’s value for Shareholders while
   tetap memperhatikan kepentingan pihak-pihak lain; serta               considering the interest of others; and
5. Meningkatkan daya saing Perseroan di tingkat nasional dan          5. Increasing the Company’s competitiveness at the national and
   internasional, sehingga memperkuat kepercayaan pasar dan              international level, thereby strengthen the market confidence
   mendukung arus investasi serta pertumbuhan ekonomi nasional           and support the investment flow and sustainable national
   yang berkelanjutan.                                                   economic growth.

DASAR HUKUM                                                           LEGAL BASIS

Optimalisasi penerapan GCG memerlukan penyesuaian terhadap            Optimizing the GCG implementation requires adjustments to the
ketentuan-ketentuan berikut.                                          following provisions.
1. Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal;                1. Law No. 8 of 1995 concerning Capital Markets;
2. Undang-Undang No. 20 Tahun 2001 tentang Perubahan atas             2. Law of the Republic of Indonesia No. 20 of 2001 concerning
    Undang-Undang Republik Indonesia No. 31 Tahun 1999 tentang             Amendments to Law of the Republic of Indonesia No. 31 of 1999
    Pemberantasan Tindak Pidana Korupsi;                                   concerning Eradication of Corruption Crimes;
3. Undang-Undang Republik Indonesia No. 40 Tahun 2007 tentang         3. Law of the Republic of Indonesia No. 40 of 2007 concerning
    Perseroan Terbatas;                                                    Limited Liability Company;
4. Peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan          4. Regulation of the Capital Market and Financial Institution
    Nomor IX.J.1, Lampiran Keputusan Ketua Badan Pengawas Pasar            Supervisory Agency Number IX.J.1, Attachment to the Decree
    Modal dan Lembaga Keuangan No. KEP-179/ BL/2008 tanggal                of the Chairman of the Capital Market and Financial Institution
    14 Mei 2008 tentang pokok-pokok Anggaran Dasar Perseroan               Supervisory Agency Number No. KEP-179/ BL/2008 dated 14 May
    yang Melakukan Penawaran Umum Efek Bersifat Ekuitas dan                2008 concerning the main points of the Articles of Association of
    Perusahaan Publik;                                                     Company that Conduct Public Offerings of Equity-Type Securities
                                                                           and Public Company;
5. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/ 2014 tentang      5. Financial Services Authority Regulation No. 33/POJK.04/ 2014
   Direksi dan Dewan Komisaris Emiten atau Perseroan Publik;               concerning Board of Directors and Board of Commissioners of
                                                                           Issuers or Public Company;
6. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014 tentang       6. Financial Services Authority Regulation No. 34/POJK.04/2014
   Komite Nominasi dan Remunerasi Emiten atau Perseroan Publik;            concerning Nomination and Remuneration Committee of Issuers
                                                                           or Public Company;
7. Peraturan Otoritas Jasa Keuangan No. 35/POJK.04/2014 tentang       7. Financial Services Authority Regulation No. 35/POJK.04/2014
   Sekretaris Perseroan Emiten atau Perseroan Publik;                      concerning Corporate Secretary of Issuers or Public Company;
8. Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015 tentang       8. Financial Services Authority Regulation No. 55/POJK.04/2015
   Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit;                 concerning the Establishment and Guidelines for implementation
                                                                           of Audit Committee Work;
9. Peraturan Otoritas Jasa Keuangan No. 21/POJK.04/2015 tentang       9. Financial Services Authority Regulation No. 21/POJK.04/2015
   Penerapan Pedoman Tata Kelola Perseroan Terbuka;                        concerning Implementation of Governance Guidelines for Public
                                                                           Company;
10. Surat Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015          10. Financial Services Authority Circular No. 32/SEOJK.04/2015
    tentang Pedoman Tata Kelola Perseroan Terbuka;                         concerning Guidelines for Public Company Governance;
11. Peraturan Otoritas Jasa Keuangan No. 56/POJK.04/2015 tentang      11. Financial Services Authority Regulation No. 56/POJK.04/2015
    Pembentukan dan Pedoman Penyusunan Piagam Unit Audit                   concerning the Establishment and Guidelines for Internal Audit
    Internal;                                                              Unit Charter;
12. Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020 tentang      12. Financial Services Authority Regulation No. 15/POJK.04/2020
    Rencana dan Penyelenggaraan Rapat Umum Pemegang Saham                  concerning Plans and Implementation of General Meeting of
    Perusahaan Terbuka;                                                    Shareholders of Public Company;
13. Peraturan Otoritas Jasa Keuangan No. 16/POJK.04/2020 tentang      13. Financial Services Authority Regulation No. 16/POJK.04/2020
    Pelaksanaan Rapat Umum Pemegang Saham Perusahaan                       concerning Implementation of Electronic General Meeting of
    Terbuka Secara Elektronik;                                             Shareholders of Public Company;
14. Surat Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021          14. Financial Services Authority Circular No. 16/SEOJK.04/2021
    tentang Bentuk dan Isi Laporan Tahunan Emiten atau Perusahaan          regarding the Format and Contents of the Annual Report of
    Publik;                                                                Issuers and Public Companies;
15. Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021           15. General Guidelines for Indonesian Corporate Governance (PUGKI)
    yang diterbitkan oleh Komite Nasional Kebijakan Governansi;            2021 issued by National Committee on Governance Policy; and
    serta
16. Anggaran Dasar Perseroan.                                         16. Company’s Articles of Association.

                                                                                                     PT Sawit Sumbermas Sarana Tbk    163
Page 164
SOSIALISASI DAN INTERNALISASI GCG                                     GCG DISSEMINATION AND INTERNALIZATION

Program sosialisasi dan internalisasi prinsip GCG merupakan bagian    The dissemination and internalization of Good Corporate Governance
penting dalam memperkuat budaya tata kelola yang baik di SSMS.        (GCG) principles are an essential part in strengthening a good
Kegiatan ini dilakukan kepada seluruh karyawan dan mitra kerja        governance culture within SSMS. These initiatives are carried out
untuk memastikan bahwa setiap karyawan, manajemen, dan mitra          across all employees and business partners to ensure that each
kerja dapat memahami serta menerapkan prinsip GCG dalam setiap        employee, management, and business partner have understood
aktivitas operasional dan pengambilan keputusan.                      and applied GCG principles in daily operations and decision-making
                                                                      processes.

Sosialisasi GCG dilakukan secara berkelanjutan melalui berbagai       GCG dissemination is conducted sustainably through various media
media dan metode, antara lain pelatihan, workshop, forum komunikasi   and methods, including training sessions, workshops, internal
internal, serta penyampaian kebijakan dan pedoman perusahaan.         communication forums, and the dissemination of corporate policies
Materi sosialisasi mencakup Kode Etik, Pedoman Perilaku, kebijakan    and guidelines. The materials cover the Code of Conduct, anti-
anti-gratifikasi, pencegahan benturan kepentingan, serta mekanisme    gratification policy, conflict of interest prevention, as well as the
pelaporan pelanggaran (whistleblowing system).                        whistleblowing system mechanism.

Selain sosialisasi, Perseroan juga menginternalisasi GCG dengan       Beyond dissemination, the Company also internalizes GCG by
mengintegrasikan prinsip tata kelola ke dalam kebijakan, prosedur     integrating governance principles into corporate policies, standard
kerja, dan sistem manajemen perusahaan. Hal ini dilakukan untuk       operating procedures, and management systems. This approach
mendorong terbentuknya perilaku kerja yang berintegritas,             is intended to foster a culture of integrity, professionalism, and
profesional, dan bertanggung jawab di seluruh lini organisasi.        accountability throughout all levels of the organization.

Melalui sosialisasi dan internalisasi GCG yang berkesinambungan,      Through continuous dissemination and internalization of GCG,
Perseroan berkomitmen untuk menciptakan lingkungan kerja yang         the Company remains committed to creating an ethical work
beretika, meningkatkan kepercayaan pemangku kepentingan, serta        environment, strengthening stakeholder trust, and supporting
mendukung pencapaian kinerja yang berkelanjutan dan berdaya           the achievement of sustainable performance and long-term
saing jangka panjang.                                                 competitiveness.




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                                                                                                                    Tata Kelola Perusahaan
                                                                                                                 Good Corporate Governance




                                                         Struktur Tata Kelola Perusahaan
                                                                          Corporate Governance Structure

                                                        Rapat Umum Pemegang Saham
                                                         General Meeting Shareholders




                                                              Dewan Komisaris
                                                           Board of Commissioners




                                                                   Direksi
                                                              Board of Directors




                                                                                                                           Komite Nominasi dan
       Komite Audit                    Audit Internal      Sekretaris Perusahaan          Divisi Keberlanjutan                Remunerasi
       Komite Audit                    Audit Internal      Sekretaris Perusahaan          Divisi Keberlanjutan             Komite Nominasi dan
                                                                                                                              Remunerasi




                      Akuntan Publik
                      Akuntan Publik



Struktur tata Kelola di Perseroan mengacu pada Undang-Undang             The Company’s governance structure refers to the Law No. 40 of
Nomor 40 tahun 2007 Tentang Perseroan Terbatas beserta                   2007 on Limited Liability Company and its amendments (“Company
perubahannya (“UUPT”), di mana organ Perseroan terdiri dari Rapat        Law”), where the Company’s organs consist of the General Meeting
Umum Pemegang Saham (“RUPS”), Dewan Komisaris, dan Direksi.              of Shareholders (“GMS”), the Board of Commissioners, and the Board
                                                                         of Directors.

RUPS, Dewan Komisaris, dan Direksi saling menghormati tugas,             The GMS, Board of Commissioners, and Board of Directors respect
tanggung jawab dan wewenang masing-masing sesuai peraturan               each other’s duties, responsibilities, and authorities in accordance
perundang-undangan dan Anggaran Dasar. Hubungan antar organ              with applicable laws and the Articles of Association. The relationship
Perseroan dibangun untuk menjamin pelaksanaan prinsip-prinsip            among these corporate organs is built to ensure the effective
tata kelola perusahaan dapat berjalan dengan efektif dengan peran        implementation of good corporate governance principles, with
dan tanggung jawab yang jelas sehingga tercipta mekanisme kontrol        clearly defined roles and responsibilities, thereby creating a check
check and balance untuk menjaga keberlangsungan usaha Perseroan.         and balance mechanism to safeguard the sustainability of the
                                                                         Company’s business.

Dalam menjalankan tugas dan tanggung jawabnya, Dewan Komisaris           In carrying out their duties and responsibilities, the Board of
dan Direksi dibantu oleh organ pendukung yang dibentuk sesuai            Commissioners and Board of Directors are assisted by supporting
peraturan perundang-undangan dan kebutuhan Perseroan. Hingga             organs formed in accordance with laws and regulations and the
31 Desember 2025, organ pendukung Dewan Komisaris dan Direksi            Company’s needs. Until 31 December 2025, the supporting organs
Perseroan terdiri dari:                                                  of the Company’s Board of Commissioners and Board of Directors
                                                                         consist of:

Organ pendukung Dewan Komisaris:                                         Supporting organs of the Board of Commissioners:
1. Komite Audit                                                          1. Audit Committee
2. Komite Nominasi dan Remunerasi                                        2. Nomination and Remuneration Committee

Organ pendukung Direksi:                                                 Supporting organs of the Board of Directors:
1. Sekretaris Perusahaan                                                 1. Corporate Secretary
2. Internal Audit                                                        2. Internal Audit
3. Divisi Keberlanjutan                                                  3. Sustainability Department




                                                                                                        PT Sawit Sumbermas Sarana Tbk        165
Page 166
Dalam rangka mendukung efektivitas penerapan GCG, Perseroan                     To support the effective implementation of Good Corporate
telah menyusun berbagai Governance Soft-Structure yang menjadi                  Governance (“GCG”), the Company has established various
acuan bagi seluruh insan Perseroan dalam menjalankan kegiatan                   Governance Soft-Structures that serve as guidelines for all the
operasional sehari-hari. Keberadaan Governance Soft-Structure                   Company’s personnel in carrying out their daily operational activities.
merupakan pilar penting dalam penerapan prinsip GCG di Perseroan.               The existence of these Governance Soft-Structures is a vital pillar
Di samping sebagai pedoman bagi kegiatan operasional sehari-                    in the application of GCG principles within the Company. In addition
hari, Governance Soft-Structure juga mengatur fungsi, tugas, dan                to serving as a reference for daily operations, the Governance Soft-
wewenang dari setiap organ tata kelola Perseroan sehingga dapat                 Structures also define the functions, duties, and authorities of each
saling mendukung kinerja satu sama lain. Hingga akhir tahun 2025,               corporate governance organ, enabling them to mutually support each
Governance Soft-Structure yang telah dimiliki Perseroan antara lain:            other’s performance. By the end of 2025, the Company’s governance
                                                                                soft structures include:




                                                    Pedoman Tata Kelola
             Peraturan Perusahaan                  Perusahaan yang Baik                    Kode Etik                       Kebijakan Keberlanjutan
              Company Regulation                 Good Corporate Governance              Code of Conduct                      Sustainability Policy
                                                         Guidelines




             Kebijakan Anti-Korupsi              Kebijakan Hak Asasi Manusia    Kebijakan Keanekaragaman Hayati             Kebijakan Etika Bisnis
              Anti-Corruption Policy                 Human Rights Policy                Biodiversity Policy                 Business Ethics Policy




              Kebijakan Mutu, Kesehatan, Keselamatan dan Lingkungan Kerja         Kebijakan Tanpa Deforestasi, Tanpa Gambut, Tanpa Eksploitasi (NDPE)
                    Quality, Health, Safety and Environment (QHSE) Policy                No Deforestation, No Peat, No Exploitation (NDPE) Policy




              Piagam Audit Internal                    Piagam Direksi               Piagam Dewan Komisaris                  Piagam Komite Audit
              Internal Audit Charter              Board of Directors Charter     Board of Commissioners Charter            Audit Committee Charter




                                                                                 Pedoman Tata Kelola Teknologi              Kebijakan Pengelolaan
        Pedoman Whistleblowing System            Pedoman Manajemen Risiko          Informasi dan Komunikasi                  Informasi Perusahaan
       Guidelines on Whistleblowing System      Guidelines on Risk Management     Guidelines on Information and               Policy on Company’s
                                                                                    Technology Management                  Information Management



                                                                                     Pedoman Pengukuran                    Pedoman Penyusunan
       Pedoman Pengadaan Barang/Jasa
                                                     Pedoman Akuntansi               Kepuasan Pelanggan                      Laporan Keuangan
         Guidelines on Goods/Services
                                                   Guidelines on Accounting         Guidelines on Measuring              Guidelines on Preparation of
                 Procurement
                                                                                     Customer Satisfaction                  Financial Statements




Governance Soft-Structure ini dapat dilihat pada https://ssms.                  This Governance Soft-Structure could be seen at https://ssms.
co.id/pages/gcg/guideline-gcg.                                                  co.id/pages/gcg/guideline-gcg.




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                                                                                                           Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




                                                           Rapat Umum Pemegang Saham
                                                                      General Meeting of Shareholders

     PEMEGANG SAHAM | SHAREHOLDER
     Per 31 Desember 2025, pemegang saham Perseroan Adalah PT Citra Borneo Indah sebesar 65,83%; PT Putra Borneo Agro
     Lestari sebesar 10,13%; dan Masyarakat (di bawah 5%) sebesar 24,04%.
     As of December 31, 2025, the Company’s shareholder is PT Citra Borneo Indah with 65.83% shares; PT Putra Borneo Agro Lestari
     with 10.13% shares; and Public (under 5%) with 24.04% shares.



                                                                                                              65,83%
                                                                                                       PT Citra Borneo Indah

                                                                                                              10,13%
     Pemegang Saham PT SSMS Tbk
     Shareholders of PT SSMS Tbk                                                                   PT Putra Borneo Agro Lestari

                                                                                                              24,04%
                                                                                                     Masyarakat (dibawah 5%)
                                                                                                        Public (under 5%)




Hak-Hak Pemegang Saham                                                Shareholder Rights
Pemegang Saham sebagai pemilik modal memiliki hak atas                Shareholders, as providers of capital, are entitled to rights in the
Perusahaan sesuai dengan ketentuan peraturan perundang-               Company in accordance with the prevailing laws and regulations.
undangan yang berlaku. Hak-hak Pemegang Saham seperti tertuang        The rights of Shareholders, as stipulated in Law of the Republic of
dalam Undang-Undang RI No. 40 tahun 2007 tentang Perseroan            Indonesia No. 40 of 2007 concerning Limited Liability Companies,
Terbatas, antara lain:                                                include the following:
1. Pemegang Saham, baik sendiri maupun diwakili berdasarkan           1. Shareholders, either in person or represented by a proxy based
    surat kuasa, berhak menghadiri RUPS dan menggunakan hak               on a power of attorney, have the right to attend the General
    suaranya sesuai dengan jumlah saham yang dimilikinya;                 Meeting of Shareholders (GMS) and exercise their voting rights
                                                                          in proportion to the number of shares they own;
2. Dalam pemungutan suara, suara yang dikeluarkan oleh Pemegang       2. In voting, the votes cast by a Shareholder apply to all shares
   Saham berlaku untuk seluruh saham yang dimilikinya;                    owned by such Shareholder;
3. Mengambil keputusan tertinggi pada Perusahaan, khusus bagi         3. To make the highest decisions within the Company, specifically
   pemilik modal Perusahaan.                                              as capital owners.
4. Memperoleh informasi material Perusahaan secara tepat waktu,       4. To obtain material information about the Company in a timely,
   terukur, dan teratur;                                                  measurable, and regular manner;
5. Menerima pembagian dari keuntungan Perusahaan yang                 5. To receive the Company’s profits allocated to Shareholders in the
   diperuntukkan bagi Pemegang Saham dalam bentuk dividen                 form of dividends and the remaining proceeds from liquidation,
   dan sisa kekayaan hasil likuidasi, sebanding dengan jumlah             proportionate to the number of shares owned;
   saham yang dimilikinya;
6. Hak lainnya berdasarkan Anggaran Dasar;                            6. Other rights as provided under the Articles of Association.

Beberapa di antara hak-hak Pemegang Saham tersebut, mekanisme         Certain of these Shareholders’ rights are exercised through the
pelaksanaannya dilakukan dalam RUPS.                                  mechanism of the General Meeting of Shareholders (GMS).




                                                                                                    PT Sawit Sumbermas Sarana Tbk    167
Page 168
RAPAT UMUM PEMEGANG SAHAM (RUPS)                                           GENERAL MEETING OF SHAREHOLDERS (GMS)

Rapat Umum Pemegang Saham (“RUPS”) merupakan organ tata kelola             The General Meeting of Shareholders (“GMS”) is the highest corporate
perusahaan tertinggi di Perseroan. RUPS berperan sebagai wadah             governance organ within the Company. The GMS serves as a forum
para Pemegang Saham untuk mengambil keputusan-keputusan                    for Shareholders to make strategic decisions, where—pursuant to the
strategis di mana berdasarkan ketentuan Anggaran Dasar Perseroan           provisions of the Company’s Articles of Association and applicable
dan Peraturan Perundang-undangan yang berlaku, kewenangan                  laws and regulations—such authority is not granted to the Board of
pengambilan Keputusan-keputusan strategis tidak diberikan kepada           Directors or the Board of Commissioners. Decisions made during
Direksi atau Dewan Komisaris. Keputusan yang diambil dalam RUPS            the GMS are conducted fairly and transparently, and are based on
dilakukan secara wajar dan transparan dan didasari oleh kepentingan        the Company’s short-, medium-, and long-term interests.
jangka pendek, menengah dan panjang Perseroan.

Jenis RUPS                                                                 Types of GMS
RUPS dibedakan menjadi 2 (dua) kategori, yaitu RUPS Tahunan                GMS is divided into 2 (two) categories, namely Annual GMS (“AGMS”)
(“RUPST”) dan RUPS Luar Biasa (“RUPSLB”) yang diselenggarakan              and Extraordinary GMS (“EGMS”). GMS is held in accordance with the
sesuai dengan ketentuan Anggaran Dasar Perseroan.                          provisions of the Company’s Articles of Association.

Tahapan Penyelenggaraan RUPS                                               Procedures of the Annual GMS
Tahapan penyelenggaraan RUPS di Perseroan mengacu pada                     The procedures of organizing GMS in the Company refers to the
Anggaran Dasar dan Peraturan Otoritas Jasa Keuangan No. 15/                Articles of Association and Financial Services Authority Regulation
POJK.04/2020. Tahapan tersebut diungkapkan sebagai berikut.                No. 15/POJK.04/2020. These procedures are described as follows.



                        5 Hari Kerja                              21 Hari Kerja
                      5 Working Days                            21 Working Days




         Pemberitahuan
        mengenai tanggal
         RUPS dan Mata                                                                                                   Pelaporan Berita
                                   Pengumuman
        Acara ke Otoritas                          Pemanggilan RUPS                                                        Acara RUPS
                                   RUPS kepada                                                    Ringkasan Risalah
         Jasa Keuangan                             kepada Pemegang                                                       kepada Otoritas
                                 Pemegang Saham                                   RUPS               Hasil RUPS
        (Surat Tertutup)                                Saham                                                             Jasa Keuangan
                                       GMS                                        GMS             Summary of GMS
         Announcement                               GMS Invitation to                                                    Reporting of GMS
                                 Announcement to                                                     Resolutions
          regarding the                              Shareholders                                                       Minutes to Financial
                                   Shareholders
         date of GMS and                                                                                                Services Authority
         Agenda to OJK
          (sealed letter)




                        14 Hari Kerja                                         2 Hari Kerja
                      14 Working Days                                       2 Working Days




Pelaksanaan RUPS di Tahun 2025                                             Implementation of the GMS in 2025
Pada tahun 2025, Perseroan menyelenggarakan satu kali Rapat                In 2025, the Company held once Annual General Meeting of
Umum Pemegang Saham Tahunan (RUPST) dan dua kali Rapat Umum                Shareholders (AGMS) and two Extraordinary General Meeting of
Pemegang Saham Luar Biasa (RUPSLB).                                        Shareholders (EGMS).

Rapat pertama dilaksanakan pada tanggal 21 April 2025, di Hotel            The first meeting held on April 21, 2025 at the Grand Sahid Jaya Hotel,
Grand Sahid Jaya, Candi Singasari, Ballroom Lantai 2, Jalan                Candi Singasari Ballroom, 2nd Floor, Jalan Jenderal Sudirman Kav.
Jenderal Sudirman Kav. 96, Jakarta Pusat 10220, untuk Rapat Umum           96, Central Jakarta 10220, for the 2024 financial year Annual General
Pemegang Saham Tahunan (RUPST) Tahun buku 2024 dan Rapat                   Meeting of Shareholders (AGMS) and Extraordinary General Meeting
Umum Pemegang Saham Luar Biasa (RUPSLB) dengan tahapan                     of Shareholders (EGMS) with the following procedures:
pelaksanaan sebagai berikut:




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                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                              Good Corporate Governance




Tahapan Pelaksanaan RUPS Tahunan dan RUPS Luar Biasa
Procedures of the Annual GMS and Extraordinary GMS

             Tahapan                           Tanggal                                                       Keterangan
              Stages                             Date                                                        Description

Pemberitahuan                          5 Maret 2025                   Pemberitahuan mengenai rencana RUPST telah disampaikan kepada Otoritas Jasa Keuangan
Notification                           March 5, 2025                  (OJK) dan Bursa Efek Indonesia melalui surat No. 010/Corsec-SSMS/III/2025.
                                                                      Notification of the planned AGMS has submitted to the Financial Services Authority (OJK) and
                                                                      PT Bursa Efek Indonesia through Letter No. 010/Corsec-SSMS/III/2025.

Pengumuman                             12 Maret 2025                  Pengumuman kepada pemegang saham Perseroan melalui surat No. 012/Corsec-SSMS/
Announcement                           March 12, 2025                 III/2025 telah diunggah pada situs web BEI, situs web PT Kustodian Sentral Efek Indonesia
                                                                      (eAsy.KSEI), dan situs web Perseroan (www.ssms.co.id).
                                                                      Announcement to the Company’s shareholders through Letter No. 012/Corsec-SSMS/III/2025
                                                                      has published on the IDX website, the PT Kustodian Sentral Efek Indonesia website (eAsy.
                                                                      KSEI), and the Company’s website (www.ssms.co.id).

Pemanggilan                            27 Maret 2025                  Pemanggilan kepada pemegang saham Perseroan melalui surat No. 015/Corsec-SSMS/III/2025
Invitation                             March 27, 2025                 telah diumumkan pada situs web BEI, situs web PT Kustodian Sentral Efek Indonesia (eAsy.
                                                                      KSEI), dan situs web Perseroan (www.ssms.co.id).
                                                                      Invitation to the Company’s shareholders through Letter No. 015/Corsec-SSMS/III/2025 has
                                                                      announced on the IDX website, the PT Kustodian Sentral Efek Indonesia website (eAsy.KSEI),
                                                                      and the Company’s (www.ssms.co.id).

Penyampaian Ringkasan Risalah 22 April 2025                           Penyampaian ringkasan risalah RUPS kepada pemegang saham dan regulator melalui surat
RUPS                          April 22, 2025                          No. 25/Corsec-SSMS/IV/2025 telah diumumkan pada Otoritas Jasa Keuangan dan situs web
Submission of Summary of GMS                                          BEI dan situs web Perseroan.
Minutes                                                               Submission of Summary of GMS Minutes to shareholders and regulators through Letter No.
                                                                      25/Corsec-SSMS/IV/2025 has submitted to Financial Services Authority and the IDX website
                                                                      and the Company’s website.

Penyampaian Risalah/Berita Acara       05 Mei 2025                    Penyampaian risalah/berita acara RUPS kepada pemegang saham dan regulator telah
RUPS                                   May 05, 2025                   disampaikan melalui surat No. 32/Corsec-SSMS/V/2025 kepada Otoritas Jasa Keuangan
Submission of Minutes/Deeds of                                        dan situs web BEI dan telah diumumkan pada situs web Perseroan tertanggal 02 Mei 2025.
GMS                                                                   Submission of Minutes/Deeds of GMS to shareholders and regulators has submitted regulators
                                                                      through Letter No. 32/Corsec-SSMS/V/2025 to Financial Services Authority and the IDX
                                                                      website and has been announced at the Company’s website on May 02, 2025.


Kehadiran RUPS Tahunan dan RUPS Luar Biasa                                            Attendance at Annual GMS
                                                                                      and Extraordinary GMS
                           Dewan Komisaris                                                                            Direksi
                        Board of Commissioners                                                                   Board of Directors

Komisaris Utama                  :   Prof. Dr. Ir. Bungaran Saragih              Direktur Utama          :   Jap Hartono
President Commissioner                                                           President Director

Komisaris Independen :               Hoesen (via online)                         Direktur                :   Akhmad Faisyal
Independent Commissioner:                                                        Director

Komisaris                        :   Ir. Rimbun Situmorang
Commissioner
                                          Pemegang Saham                                                                     Pihak Independen
                                            Shareholders                                                                     Independent Party

                RUPS Tahunan                                            RUPS Luar Biasa                      •     Jimmy Tanal, SH, M.Kn. (Notaris | Notary)
                 Annual GMS                                            Extraordinary GMS                     •     Ernst & Young Indonesia, Purwanto, Sungkoro &
                                                                                                                   Surja (Akuntan Publik | Public Accountant)
Pemegang Saham yang hadir atau diwakili              Pemegang Saham yang hadir atau diwakili sebanyak •            PT Datindo Entrycom (Biro Administrasi Efek |
sebanyak 6.341.039.566 saham atau mewakili           6.302.766.296 saham atau mewakili 66,17% dari total           PT Datindo Entrycom (Securities Administration
66,57% dari total saham yang telah dikeluarkan       saham yang telah dikeluarkan dan disetor penuh oleh           Bureau)
       dan disetor penuh oleh Perseroan.                                   Perseroan.
The Meeting was attended by or represented           The Meeting was attended by or represented by
by shareholders holding a total of 6,341,039,566     shareholders holding a total of 6,302,766,296 shares,
shares, equivalent to 66.57% of the total shares     equivalent to 66.17% of the total shares issued and fully
     issued and fully paid by the Company.                           paid by the Company.




                                                                                                                        PT Sawit Sumbermas Sarana Tbk        169
Page 170
Berikut Keputusan RUPST dan RUPSLB di Tahun 2025:                                       The following are the Extraordinary and Independent GMS resolutions
                                                                                       in 2025
Rapat Umum Pemegang Saham Tahunan (RUPST)
Annual General Meeting of Shareholders (AGMS)

                Mata Acara                                                                        Keputusan RUPS
                 Agenda                                                                           GMS Resolutions

 Mata Acara Pertama | 1st Agenda •                  Menyetujui dan menerima Laporan Direksi yaitu Perseroan mengenai keadaan dan jalannya Persetujuan
                                                    mengenai Laporan tahunan dan Laporan Keuangan Tahunan Tahun Buku 2024 termasuk Laporan Tugas
 Persetujuan Laporan Tahunan dan Laporan            Pengawasan Dewan Komisaris.
 Keuangan Tahunan                               •   Mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2024,
 Approval the Company’s Annual Report and           yang telah diaudit oleh Kantor Akuntan Publik (KAP) Purwantono, Sungkoro & Surja sesuai dengan laporannya
 Financial Statement                                No. 00169/2.1032/AU.1/01/0687-5/1/III/2025 dengan opini Secara Wajar Dalam Semua Hal Yang Material serta
                                                    memberikan pelunasan dan pembebasan sepenuhnya (volledig acquit et de charge) kepada setiap anggota
                                                    Direksi dan Dewan Komisaris atas tindakan pengurusan dan pengawasan yang telah dijalankan selama tahun
                                                    buku yang berakhir pada tanggal 31 Desember 2024 sejauh tindakan tersebut tercermin dalam Laporan
                                                    Keuangan Perseroan kecuali perbuatan penggelapan, penipuan dan tindak pidana lainnya.
                                                •   Approved and accepted the Board of Directors' Report, namely the approval of the Annual Report and Annual
                                                    Financial Statements for the financial year 2024, including the Board of Commissioners' Supervisory Report.
                                                •   To ratify the Company's Financial Statements for the financial year ended 31 December 2024 which have been
                                                    audited by the Public Accounting Firm (KAP) Purwantono, Sungkoro & Surja in accordance with its report No.
                                                    00169/2.1032/AU.1 /01/0687-5/1/III/2025 with an opinion of Reasonable in All Material Matters and to grant
                                                    full release and discharge (volledig acquit et de charge) to each member of the Board of Directors and the
                                                    Board of Commissioners for the management and supervisory actions that have been carried out during the
                                                    financial year ended 31 December 2024 to the extent that such actions are reflected in the Company's Financial
                                                    Statements except for embezzlement, fraud and other criminal acts.

 Mata Acara Kedua | 2nd Agenda                  Menyetujui penggunaan Laba Tahun Berjalan Yang Diatribusikan sebesar Rp.819.533.675.000,- (delapan ratus
                                                sembilan belas miliar lima ratus tiga puluh tiga juta enam ratus tujuh puluh lima ribu Rupiah) untuk digunakan
 Persetujuan Penggunaan Laba Bersih             sebagai berikut:
 Approval the use of net profit                 • Sebesar Rp.450.000.000.000,- (empat ratus lima puluh miliar Rupiah) atau sejumlah Rp.47,24 (empat puluh
                                                      tujuh koma dua empat Rupiah) per saham atau 54,91% (lima puluh empat koma sembilan satu persen) dari
                                                      Laba Tahun Berjalan Yang Diatribusikan, didistribusikan sebagai dividen kepada pemegang saham secara
                                                      proporsional sesuai persentase kepemilikan sahamnya. Adapun dividen ini akan didistribusikan kepada
                                                      pemegang saham pada tanggal 21 Mei 2025, sesuai dengan ketentuan dalam Anggaran Dasar Perseroan dan
                                                      Peraturan Pasar Modal.
                                                • Berdasarkan ketentuan yang berlaku di pasar modal, yang berhak atas dividen tunai adalah pemegang saham
                                                      yang namanya tercatat dalam Daftar Pemegang Saham pada tanggal 2 Mei 2025 pukul 16.00 Waktu Indonesia
                                                      Barat. Adapun pembayaran dividen tunai akan dilakukan pada tanggal 21 Mei 2025.
                                                • Sisa dari laba bersih Perseroan yaitu sebesar Rp.369.533.675.000,- (tiga ratus enam puluh sembilan miliar
                                                      lima ratus tiga puluh tiga juta enam ratus tujuh puluh lima ribu Rupiah) atau 45,09% (empat puluh lima koma
                                                      nol sembilan persen) dari Laba Tahun Berjalan Yang Diatribusikan akan dimasukan sebagai cadangan lainnya
                                                      yang akan menambah saldo laba ditahan.
                                                Approved the use of Attributable Profit for the Year amounting to IDR819,533,675,000,- (eight hundred nineteen
                                                billion five hundred thirty three million six hundred seventy five thousand Rupiah) to be used as follows:
                                                • An amount of IDR450,000,000,000,- (four hundred fifty billion Rupiah) or an amount of IDR47.24 (forty seven
                                                      point two four Rupiah) per share or 54.91% (fifty four point nine one percent) of Attributable Profit for the Year,
                                                      distributed as dividends to shareholders proportionally according to the percentage of their share ownership.
                                                      This dividend will be distributed to shareholders on May 21, 2025, in accordance with the provisions of the
                                                      Company’s Articles of Association and the Capital Market Regulations.
                                                • Based on the provisions applicable in the capital market, those entitled to cash dividends are shareholders
                                                      whose names are registered in the Register of Shareholders on May 2, 2025 at 16.00 Western Indonesia Time.
                                                      Meanwhile, the cash dividend payment will be made on May 21, 2025.
                                                • The remainder of the Company’s net profit, which is IDR 369,533,675,000 (three hundred sixty-nine billion five
                                                      hundred thirty-three million six hundred seventy-five thousand Rupiah) or 45.09% (forty-five point zero nine
                                                      percent) of the Attributable Profit for the Current Year will be included as other reserves which will increase
                                                      the retained earnings balance.

 Mata Acara Ketiga | 3rd Agenda                 Menyetujui untuk memberikan wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk menunjuk Kantor
                                                Akuntan Publik Independen, untuk melakukan audit Laporan Keuangan Perseroan tahun buku yang berakhir pada
 Persetujuan Penunjukkan Akuntan Publik         tanggal 31 Desember 2025, serta menetapkan biaya audit dan persyaratan lainnya, termasuk untuk menunjuk
 dan/atau Kantor Akuntan Publik                 Kantor Akuntan Publik pengganti, apabila Kantor Akuntan Publik yang telah ditunjuk tidak dapat melanjutkan atau
 Approval to appoint a public accountant and/   melaksanakan tugasnya karena sebab apapun berdasarkan peraturan perundangan.
 or public accounting firm                      Approved to authorize the Company's Board of Commissioners to appoint an Independent Public Accounting Firm,
                                                to audit the Company's Financial Statements for the financial year ending 31 December 2025, and determine the
                                                audit fee and other requirements, including to appoint a replacement Public Accounting Firm, if the appointed
                                                Public Accounting Firm is unable to continue or carry out its duties for any reason based on laws and regulations.




 170     Laporan Tahunan 2025 Annual Report
Page 171
                                                                                                                            Tata Kelola Perusahaan
                                                                                                                         Good Corporate Governance




Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)
Extraordinary General Meeting of Shareholders (EGMS)

Mata Acara Pertama | 1st Agenda             •   Menyetujui untuk mengangkat:
                                                a. JAHJA TANUDJAJA ADELAI; dan
Persetujuan Pengangkatan Kembali/               b. ROSHAN CHAKRAVARTHY VALAUTHAM,
Perubahan Susunan Direksi                       masing-masing sebagai Direktur Perseroan untuk masa jabatan efektif sejak ditutupnya Rapat ini hingga Rapat
Approval the Reappointment/Changes in the       Umum Pemegang Saham Tahunan (RUPST) Perseroan di tahun 2030 dengan tidak menutup hak pemegang
Composition of Board of Directors               saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi Perseroan tersebut.

                                                Sehubungan dengan Keputusan Mata Acara Rapat ini, maka susunan anggota Dewan Komisaris dan Direksi
                                                Perseroan terhitung sejak ditutupnya Rapat adalah sebagai berikut:

                                                DEWAN KOMISARIS
                                                Komisaris Utama: Prof. Ir. BUNGARAN SARAGIH
                                                Komisaris: Ir. RIMBUN SITUMORANG
                                                Komisaris Independen: HOESEN

                                                DIREKSI
                                                Direktur Utama: JAP HARTONO
                                                Direktur: AKHMAD FAISYAL
                                                Direktur: JAHJA TANUDJAJA ADELAI
                                                Direktur: ROSHAN CHAKRAVARTHY VALAUTHAM

                                            •   Menyetujui pemberian kuasa dan wewenang kepada anggota Direksi Perseroan dengan hak substitusi untuk
                                                menyatakan keputusan Rapat tersebut dalam akta Notaris dan selanjutnya memberitahukan perubahan
                                                susunan anggota Direksi Perseroan tersebut kepada Menteri Hukum Republik Indonesia serta mendaftarkan
                                                pada Daftar Perusahaan sesuai dengan peraturan perundangan yang berlaku.

                                            •   Approved to appoint:
                                                a. JAHJA TANUDJAJA ADELAI; and
                                                b. ROSHAN CHAKRAVARTHY VALAUTHAM,
                                                each as Director of the Company for the term of office effective as of the closing of this Meeting until the
                                                Annual General Meeting of Shareholders (AGMS) of the Company in 2030 without closing the rights of the
                                                shareholders of the Company to dismiss the Directors of the Company at any time.

                                                In connection with the Resolution of this Agenda, the composition of the members of the Board of Commissioners
                                                and the Board of Directors of the Company as of the closing of the Meeting is as follows:

                                                BOARD OF COMMISSIONERS:
                                                President Commissioner: Prof. Ir. BUNGARAN SARAGIH
                                                Commissioner : Ir. RIMBUN SITUMORANG
                                                Independent Commissioner : HOESEN

                                                DIRECTORS
                                                President Director : JAP HARTONO
                                                Director : AKHMAD FAISYAL
                                                Director : JAHJA TANUDJAJA ADELAI
                                                Director : ROSHAN CHAKRAVARTHY VALAUTHAM

                                            •   Approved the granting of power and authority to members of the Board of Directors of the Company with the
                                                right of substitution to state the resolutions of the Meeting in a Notarial deed and subsequently notify the
                                                changes in the composition of the Board of Directors of the Company to the Minister of Law of the Republic
                                                of Indonesia and register in the Company Register in accordance with applicable laws and regulations.




                                                                                                                   PT Sawit Sumbermas Sarana Tbk          171
Page 172
 Realisasi Hasil RUPST dan RUPSLB di Tahun 2025
 Realization of the AGMS and EGMS Resolutions in 2025

                            Realisasi Hasil RUPST                                                            Realisasi Hasil RUPSLB
                           Realization of the EGMS                                              Realization of the Independent GMS Resolutions

 Sampai dengan akhir tahun 2025, seluruh keputusan RUPST Tahun Buku                 Sampai dengan akhir tahun 2025, seluruh Keputusan RUPSLB Tahun 2025
 2024 telah dilaksanakan oleh manajemen, termasuk pembagian dividen yang            telah dilaksanakan oleh manajemen. Penunjukkan JAHJA TANUDJAJA ADELAI
 telah dilaksanakan pada tanggal 21 Mei 2025, dan Dewan Komisaris juga telah        dan ROSHAN CHAKRAVARTHY VALAUTHAM sebagai Direktur Perseroan telah
 menunjuk Kantor Akuntan Publik Purwanto Susanti dan Surja dengan Akuntan           diaktakan berdasarkan Akta Berita Acara Rapat Umum Pemegang Saham Luar
 Publik Daniel berdasarkan Surat Keputusan Dewan Komisaris No. 003/DEKOM-           Biasa PT Sawit Sumbermas Sarana Tbk No. 88 oleh Notaris Jimmy Tanal, S.H.,
 SSMS/07/2025 tanggal 30 Juli 2025.                                                 M.Kn., notaris di Jakarta dan telah memberitahukan perubahan susunan anggota
                                                                                    Direksi Perseroan tersebut kepada Menteri Hukum Republik Indonesia melalui
                                                                                    Surat No. AHU-AH.01.09.0212402 tanggal 29 April 2025.

                                                                                    As of the end of 2025, all EGMS Decisions for 2025 have been implemented
 By the end of 2025, all decisions of the AGMS for the 2024 Fiscal Year have been   by the management. The appointment of JAHJA TANUDJAJA ADELAI and
 implemented by the management, including the distribution of dividends which       ROSHAN CHAKRAVARTHY VALAUTHAM as Directors of the Company has been
 has been carried out on May 21, 2025, and the Board of Commissioners has also      notarized based on the Deed of Minutes of the Extraordinary General Meeting of
 appointed the Public Accounting Firm Purwanto Susanti and Surja with Public        Shareholders of PT Sawit Sumbermas Sarana Tbk No. 88 by Notary Jimmy Tanal,
 Accountant Daniel based on the Decree of the Board of Commissioners No.            S.H., M.Kn., notary in Jakarta and has notified the change in the composition
 003/DEKOM-SSMS/07/2025 dated July 30, 2025.                                        of the Company’s Board of Directors to the Minister of Law of the Republic of
                                                                                    Indonesia through Letter No. AHU-AH.01.09.0212402 dated April 29, 2025.


Rapat kedua dilaksanakan pada tanggal 30 Oktober 2025 di Financial                   The second meeting held on October 30, 2025 at the Financial Hall,
Hall, Graha CIMB Niaga lantai 2, Jalan Jend. Sudirman Kav. 58,                       Graha CIMB Niaga, 2nd floor, Jalan Jend. Sudirman Kav. 58, Jakarta
Jakarta 12190, untuk Rapat Umum Pemegang Saham Luar Biasa                            12190, for the Extraordinary and Independent General Meeting of
dan Independen dengan tahapan pelaksanaan sebagai berikut:                           Shareholders with the following procedures:


 Tahapan Pelaksanaan RUPS Luar Biasa dan Independen
 Procedures of the Extraordinary and Independent GMS

               Tahapan                            Tanggal                                                     Keterangan
                Stages                              Date                                                      Description

 Pemberitahuan |                          16 September 2025            Pemberitahuan mengenai rencana RUPST telah disampaikan kepada Otoritas Jasa Keuangan
 Notification                             September 16, 2025           (OJK) dan Bursa Efek Indonesia melalui surat No. 050/Corsec-SSMS/IX/2025.
                                                                       Notification of the planned AGMS has submitted to the Financial Services Authority (OJK)
                                                                       and PT Bursa Efek Indonesia through Letter No. 050/Corsec-SSMS/IX/2025.

 Pengumuman                               23 September 2025            Pengumuman kepada pemegang saham Perseroan melalui surat No. 51/Corsec-SSMS/
 Announcement                             September 23, 2025           IX/2025 telah diunggah pada situs web BEI, situs web PT Kustodian Sentral Efek Indonesia
                                                                       (eAsy.KSEI), dan situs web Perseroan (www.ssms.co.id).
                                                                       Announcement to the Company’s shareholders through Letter No. 51/Corsec-SSMS/IX/2025
                                                                       has published on the IDX website, the PT Kustodian Sentral Efek Indonesia website (eAsy.
                                                                       KSEI), and the Company’s website (www.ssms.co.id).

 Pemanggilan                              08 Oktober 2025              Pemanggilan kepada pemegang saham Perseroan melalui surat No. 56/Corsec-SSMS/X/2025
 Invitation                               October 08, 2025             telah diumumkan pada situs web BEI, situs web PT Kustodian Sentral Efek Indonesia (eAsy.
                                                                       KSEI), dan situs web Perseroan (www.ssms.co.id).
                                                                       Invitation to the Company’s shareholders through Letter No. 56/Corsec-SSMS/X/2025 has
                                                                       announced on the IDX website, the PT Kustodian Sentral Efek Indonesia website (eAsy.
                                                                       KSEI), and the Company’s (www.ssms.co.id).

 Penyampaian Ringkasan Risalah RUPS       31 Oktober 2025              Penyampaian ringkasan risalah RUPS kepada pemegang saham dan regulator melalui surat
 Submission of Summary of GMS             October 31, 2025             No. 64/Corsec-SSMS/X/2025 telah diumumkan pada Otoritas Jasa Keuangan dan situs web
 Minutes                                                               BEI dan situs web Perseroan.
                                                                       Submission of Summary of GMS Minutes to shareholders and regulators through Letter
                                                                       No. 64/Corsec-SSMS/X/2025 has submitted to Financial Services Authority and the IDX
                                                                       website and the Company’s website.

 Penyampaian Risalah/Berita Acara         7 November 2025              Penyampaian risalah/berita acara RUPS kepada pemegang saham dan regulator telah
 RUPS                                     November 7, 2025             disampaikan melalui surat No. 66/Corsec-SSMS/XI/2025 kepada Otoritas Jasa Keuangan dan
 Submission of Minutes/Deeds of GMS                                    situs web BEI dan telah diumumkan pada situs web Perseroan tertanggal 7 November 2025.
                                                                       Submission of Minutes/Deeds of GMS to shareholders and regulators has submitted regulators
                                                                       through Letter No. 66/Corsec-SSMS/XI/2025 to Financial Services Authority and the IDX
                                                                       website and has been announced at the Company’s website on November 7, 2025.




 172      Laporan Tahunan 2025 Annual Report
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                                                                                                                                    Tata Kelola Perusahaan
                                                                                                                                 Good Corporate Governance




Kehadiran RUPS Luar Biasa dan Independen                                                Attendance at Extraordinary
                                                                                        and Independent GMS
                            Dewan Komisaris                                                                            Direksi
                         Board of Commissioners                                                                   Board of Directors

 Komisaris Utama                   :   Prof. Dr. Ir. Bungaran Saragih              Direktur Utama           :   Jap Hartono
 President Commissioner                                                            President Director

 Komisaris Independen :                Hoesen (via online)                         Direktur                 :   Akhmad Faisyal
 Independent Commissioner:                                                         Director

 Komisaris                         :   Ir. Rimbun Situmorang                       Direktur                 :   Jahja Tanudjaja Adelai
 Commissioner                                                                      Director

                                                                                   Direktur                 :   Roshan Chakravarthy Valautham
                                                                                   Director
                                            Pemegang Saham                                                                       Pihak Independen
                                              Shareholders                                                                       Independent Party

 Pemegang Saham yang hadir atau diwakili sebanyak 8.590.716.628 saham atau mewakili 90,19% dari •                    Pihak Independen | Independent Party
 seluruh saham dengan hak suara yang sah yang telah dikeluarkan oleh Perseroan.                      •               Jimmy Tanal, SH, M.Kn. (Notaris | Notary)
 The Meeting was attended by or represented by shareholders holding a total of 8,590,716,628 shares, •               Ernst & Young Indonesia, Purwanto, Sungkoro &
 equivalent to 90.19% of the total shares issued and fully paid by the Company.                                      Surja (Akuntan Publik | Public Accountant)
                                                                                                     •               PT Datindo Entrycom (Biro Administrasi Efek |
                                                                                                                     PT Datindo Entrycom (Securities Administration
                                                                                                                     Bureau)

Berikut Keputusan RUPSLB dan Independen di Tahun 2025:                                  The following are the Extraordinary and Independent GMS resolutions
                                                                                        in 2025:
 Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)
 Extraordinary General Meeting of Shareholders (EGMS)

                   Mata Acara                                                                        Keputusan RUPS
                    Agenda                                                                           GMS Resolutions
 Mata Acara Pertama | 1st Agenda                        •   Menyetujui rencana penjaminan aset untuk pengajuan pinjaman secara sindikasi oleh, antara lain, PT
                                                            BANK RAKYAT INDONESIA (Persero) Tbk, PT BANK NEGARA INDONESIA (Persero) Tbk, PT BANK SYARIAH
 Persetujuan jaminan oleh Perseroan dan/atau                INDONESIA (Persero) Tbk, LEMBAGA PEMBIAYAAN EKSPOR IMPOR (LPEI), PT BANK WOORI SAUDARA
 anak usaha Perseroan sehubungan dengan                     INDONESIA 1906 Tbk, PT BANK MAYBANK INDONESIA Tbk, PT BANK KB INDONESIA Tbk, dan PT ALLO
 fasilitas kredit sindikasi yang merupakan lebih            BANK INDONESIA Tbk, dengan nilai secara keseluruhan sebanyak-banyaknya Rp.5.200.000.000.000,-
 dari 50% dari jumlah kekayaan bersih Perseroan             (lima triliun dua ratus miliar Rupiah);
 Approval for the provision of guarantees by the •          Menyetujui memberikan wewenang kepada Direksi Perseroan untuk melakukan setiap tindakan yang
 Company and/or its subsidiaries in connection              diperlukan, dianggap perlu/baik dan dipersyaratkan dalam rangka melaksanakan transaksi sebagaimana
 with syndicated credit facilities representing             disebutkan diatas termasuk namun tidak terbatas dengan menandatangani setiap dokumen, membuat
 more than 50% of the Company’s total net assets            perubahan dan/atau penambahan dokumen dalam bentuk apapun secara wajar yang diperlukan,
                                                            menyerahkan dan menandatangani semua permohonan dan dokumen lainnya yang diperlukan, dan
                                                            melakukan tindakan lain yang mungkin diperlukan terkait dengan rencana transaksi tersebut.
                                                        •   Approving the asset guarantee plan for syndicated loan applications by, among others, PT BANK RAKYAT
                                                            INDONESIA (Persero) Tbk, PT BANK NEGARA INDONESIA (Persero) Tbk, PT BANK SYARIAH INDONESIA
                                                            (Persero) Tbk, the EXPORT-IMPORT FINANCING AGENCY (LPEI), PT BANK WOORI SAUDARA INDONESIA
                                                            1906 Tbk, PT BANK MAYBANK INDONESIA Tbk, PT BANK KB INDONESIA Tbk, and PT ALLO BANK INDONESIA
                                                            Tbk, with a total value of up to IDR5,200,000,000,000 (five trillion two hundred billion Rupiah);
                                                        •   Approves the granting of authority to the Company's Board of Directors to take any necessary, deemed
                                                            necessary/appropriate, and required actions in order to carry out the aforementioned transaction, including
                                                            but not limited to signing any documents, making changes and/or additions to any documents in any
                                                            reasonable form as necessary, submitting and signing all necessary applications and other documents,
                                                            and taking other actions that may be necessary in connection with the planned transaction.




                                                                                                                           PT Sawit Sumbermas Sarana Tbk          173
Page 174
Rapat Umum Pemegang Saham Luar Biasa (RUPSLB)
Extraordinary General Meeting of Shareholders (EGMS)

                  Mata Acara                                                                        Keputusan RUPS
                   Agenda                                                                           GMS Resolutions

Mata Acara Kedua | 2nd Agenda                          •   Menyetujui untuk mengangkat Tuan HENKY SATRIO WIBOWO sebagai Direktur Perseroan, untuk masa
                                                           jabatan efektif sejak ditutupnya Rapat ini hingga RUPS Tahunan Perseroan di tahun 2030, dengan
Persetujuan Pengangkatan Kembali/Perubahan                 tidak menutup hak pemegang saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi
Susunan Direksi                                            Perseroan tersebut.
Approval the Reappointment/Changes in the •                Menyetujui pemberian kuasa dan wewenang kepada anggota Direksi Perseroan dengan hak substitusi
Composition of Board of Directors                          untuk menyatakan keputusan Rapat tersebut dalam akta Notaris dan selanjutnya memberitahukan
                                                           perubahan susunan anggota Direksi Perseroan tersebut kepada Menteri Hukum Republik Indonesia serta
                                                           mendaftarkan pada Daftar Perusahaan sesuai dengan peraturan perundangan yang berlaku.
                                                       •   To approve the appointment of Mr HENKY SATRIO WIBOWO as Director of the Company, for a term
                                                           effective from the closing of this Meeting until the Company's Annual General Meeting of Shareholders
                                                           in 2030, without prejudice to the rights of the Company's shareholders to dismiss the Company's Board
                                                           of Directors at any time.
                                                       •   To approve the granting of power and authority to members of the Company's Board of Directors with the
                                                           right of substitution to declare the decisions of this Meeting in a Notarial Deed and subsequently notify the
                                                           Minister of Law of the Republic of Indonesia of the changes in the composition of the Company's Board of
                                                           Directors and register them in the Company Register in accordance with applicable laws and regulations.

Rapat Umum Pemegang Saham Independen (RUPS Independen)
Independent General Meeting of Shareholders (Independent GMS)

Mata Acara Pertama | 1st Agenda                        •   Menyetujui pengambilalihan sebagian besar saham milik PT CITRA BORNEO INDAH (CBI) dalam PT SAWIT
                                                           MANDIRI LESTARI (SML) oleh Perseroan dimana transaksi pengambilalihan Sebagian besar saham tersebut
Persetujuan atas rencana transaksi                         merupakan: (i) Transaksi Material sebagaimana dimaksud dalam Peraturan Otoritas Jasa Keuangan
pengambilalihan saham yang merupakan:                      Nomor 17/POJK.04/2020; dan (ii) Transaksi Afiliasi sebagaimana dimaksud dalam Peraturan Otoritas
• Transaksi Material sebagaimana dimaksud                  Jasa Keuangan Nomor 42/POJK.04/2020;
    dalam Peraturan Otoritas Jasa Keuangan •               Memberikan persetujuan dan kewenangan kepada Direksi Perseroan, dengan hak substitusi, sesuai dengan
    No. 17/POJK.04/2020; dan                               anggaran dasar Perseroan, untuk membuat, melaksanakan, menandatangani dan/atau menyerahkan serta
• Transaksi Afiliasi sebagaimana dimaksud                  melaksanakan setiap perjanjian-perjanjian dan tindakan-tindakan yang diperlukan sehubungan dengan
    dalam Peraturan Otoritas Jasa Keuangan                 transaksi pengambilalihan sebagian besar saham serta seluruh dokumen yang terkait dengan transaksi
    No. 42/POJK.04/2020                                    penyelesaian utang tersebut, termasuk seluruh perubahan dan tambahan atasnya dengan syarat dan
Approval of the proposed share acquisition                 ketentuan yang dianggap baik oleh Direksi Perseroan.
transaction which constitutes:                  •          Approving the acquisition of the majority of shares owned by PT CITRA BORNEO INDAH (CBI) in PT
• a Material Transaction as referred to in                 SAWIT MANDIRI LESTARI (SML) by the Company, whereby the acquisition of the majority of shares
    Financial Services Authority Regulation                constitutes: (i) a Material Transaction as referred to in Financial Services Authority Regulation Number 17/
    No. 17/POJK.04/2020; and                               POJK.04/2020; and (ii) an Affiliated Transaction as referred to in Financial Services Authority Regulation
• an Affiliated Transaction as referred to in              No. 42/POJK.04/2020;
    Financial Services Authority Regulation No. •          Granting approval and authority to the Company's Board of Directors, with the right of substitution, in
    42/POJK.04/2020.                                       accordance with the Company's articles of association, to make, implement, sign and/or submit and
                                                           implement any agreements and actions necessary in connection with the acquisition of the majority
                                                           of shares and all documents related to the debt settlement transaction, including all amendments and
                                                           additions thereto on terms and conditions deemed appropriate by the Company's Board of Directors.


Realisasi Hasil RUPSLB dan Independen
Realization of the Extraordinary and Independent GMS Resolutions

                           Realisasi Hasil RUPSLB                                                         Realisasi Hasil RUPS Independen
                           Realization of the EGMS                                                 Realization of the Independent GMS Resolutions

Sampai dengan akhir tahun 2025, seluruh keputusan RUPSLB telah dilaksanakan           Sampai dengan akhir tahun 2025, seluruh Keputusan RUPS Independen Tahun
oleh manajemen, termasuk penunjukkan HENKY SATRIO WIBOWO sebagai                      2025 telah dilaksanakan oleh manajemen dan telah disampaikan kepada Otoritas
Direktur Perseroan telah diaktakan berdasarkan Akta Berita Acara Rapat                Jasa Keuangan melalui surat No.003/CEO/SSMS-EXT/XI/2025 tanggal 24
Rapat Umum Pemegang Saham Luar Biasa PT Sawit Sumbermas Sarana Tbk                    November 2025 terkait pengambilalihan sebagian besar saham milik PT CITRA
No. 221 oleh Notaris Jimmy Tanal, S.H., M.Kn., notaris di Jakarta dan telah           BORNEO INDAH (CBI) dalam PT SAWIT MANDIRI LESTARI (SML) oleh Perseroan.
memberitahukan perubahan susunan anggota Direksi Perseroan tersebut kepada            By the end of 2025, all resolutions of the Independent GMS in 2025 have been
Menteri Hukum Republik Indonesia melalui Surat No. AHU-AH.01.09-0359462               implemented by management and have been submitted to the Financial Services
tanggal 27 November 2025.                                                             Authority through Letter No.003/CEO/SSMS-EXT/XI/2025 dated November 24,
By the end of 2025, all resolutions of the EGMS have been implemented by              2025 regarding the acquisition of the majority of shares owned by PT CITRA
management, including the appointment of HENKY SATRIO WIBOWO as Directors             BORNEO INDAH (CBI) in PT SAWIT MANDIRI LESTARI (SML) by the Company.
of the Company have been formalized in the Deed of Minutes of the Extraordinary
General Meeting of Shareholders of PT Sawit Sumbermas Sarana Tbk No. 221,
drawn up by Jimmy Tanal, S.H., M.Kn., Notary in Jakarta. The changes to the
composition of the Company’s Board of Directors have been duly notified
to the Minister of Law of the Republic of Indonesia through Letter No. AHU-
AH.01.09-0359462 dated November 27, 2025.




174      Laporan Tahunan 2025 Annual Report
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                                                                                                                                Tata Kelola Perusahaan
                                                                                                                             Good Corporate Governance




RUPS TAHUNAN TAHUN BUKU 2023                                                         ANNUAL GMS FOR THE 2023 FINANCIAL YEAR

Di tahun 2024, Perseroan telah menyelenggarakan RUPS Tahunan                         In 2024, the Company held Annual GMS (AGMS) for the 2023 Financial
(RUPST) Tahun Buku 2023 dan RUPS Luar Biasa (RUPSLB) pada                            Year and Extraordinary GMS (EGMS) on April 25, 2024, with the
tanggal 25 April 2024 dengan hasil Keputusan RUPST dan RUPSLB                        following GMS Resolutions:
sebagai berikut:


                                                                       Keputusan RUPST
                                                                       AGMS Resolutions
 Keputusan Rapat Mata Acara Pertama:                                               Resolution of the First Agenda Item:
 Menyetujui dan menerima Laporan Direksi, yaitu persetujuan mengenai Laporan       Approve and accept the Directors' Report, namely Approval of the Annual Report
 Tahunan dan Laporan Keuangan Tahunan tahun buku 2023, termasuk Laporan            and Annual Financial Report for the 2023 Financial Year including the Board of
 Tugas Pengawasan Dewan Komisaris.                                                 Commissioners' Supervisory Duties Report.

 Mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada        Ratify the Company's Financial Report for the financial year ending December
 tanggal 31 Desember 2023 yang telah diaudit oleh Kantor Akuntan Publik (KAP)      31, 2023 which has been audited by the Purwantono, Sungkoro & Surja
 Purwantono, Sungkoro & Surja sesuai dengan laporannya No. 00364/2.1032/           Public Accounting Firm (KAP) in accordance with report No. 00364/2.1032/
 AU.1/01/0687-4/1/III/2024 dengan opini wajar tanpa modifikasi (unqualified),      AU.1/01/0687-4/1/III/2024 with an unqualified opinion, as well as providing full
 serta memberikan pelunasan dan pembebasan sepenuhnya (volledig acquit et          repayment and release (volledig acquit et de charge) to each member of the
 de charge) kepada setiap anggota Direksi dan Dewan Komisaris atas tindakan        Board of Directors and Board of Commissioners for their actions. management
 pengurusan dan pengawasan yang telah dijalankan selama tahun buku yang            and supervision that has been carried out during the financial year ending 31
 berakhir pada tanggal 31 Desember 2023 sejauh tindakan tersebut tercermin         December 2023 as far as these actions are reflected in the Company's Financial
 dalam Laporan Keuangan Perseroan, kecuali perbuatan penggelapan, penipuan         Report except for embezzlement, fraud and other criminal acts.
 dan tindak pidana lainnya.

 Keputusan Rapat Mata Acara Kedua:                                                 Resolution of the Second Agenda Item:
 Menyetujui penggunaan laba bersih Perseroan untuk tahun buku yang berakhir        Approved the use of the Company's net profit for the financial year ending
 pada tanggal 31 Desember 2023 sebesar Rp518.314.064.000,- untuk digunakan         December 31, 2023 amounting to IDR 518,314,064,000,- to be included as other
 dimasukkan sebagai cadangan lainnya yang akan menambah saldo laba ditahan.        reserves which will add to the balance of retained earnings.

 Keputusan Rapat Mata Acara Ketiga:                                                Resolution of the Third Agenda Item:
 Menyetujui pendelegasian kewenangan kepada Dewan Komisaris untuk                  Approved the delegation of authority to the Board of Commissioners to
 menetapkan gaji dan/atau tunjangan Direksi dan Dewan Komisaris dengan             determine the salaries and/or allowances of the Board of Directors and Board
 memperhatikan rekomendasi dari Komite Nominasi dan Remunerasi.                    of Commissioners by considering the recommendations of the Nomination
                                                                                   and Remuneration Committee.

 Keputusan Rapat Mata Acara Keempat:                                               Resolution of the Four Agenda Item:
 Menyetujui untuk memberikan wewenang dan kuasa kepada Dewan Komisaris             Approved to grant authority and power to the Company’s Board of Commissioners
 Perseroan untuk menunjuk kantor akuntan publik Independen, untuk melakukan        to appoint an independent Public Accounting Firm to audit the Company’s
 audit Laporan Keuangan Perseroan tahun buku yang berakhir pada tanggal 31         Financial Statements for fiscal year ending December 31, 2024, and to determine
 Desember 2024, serta menetapkan biaya audit dan persyaratan lainnya, termasuk     the audit fees and other requirements, including to appoint a replacement Public
 untuk menunjuk kantor akuntan publik pengganti, apabila kantor akuntan publik     Accounting Firm, if the appointed Public Accounting Firm cannot continue or
 yang telah ditunjuk tidak dapat melanjutkan atau melaksanakan tugasnya karena     carry out its duties for any reason based on laws and regulations.
 sebab apapun berdasarkan peraturan perundangan.
                                                                      Keputusan RUPSLB
                                                                       EGMS Resolutions

 Keputusan Rapat Mata Acara Pertama:                                            Resolution of the First Agenda Item:
 • Menerima pengunduran diri Bapak Nasarudin bin Nasir selaku Direktur • Accepted the resignation of Mr. Nasarudin bin Nasir as the Company’s
    Utama Perseroan, Bapak Jap Hartono selaku Direktur Perseroan, dan               President Director, Mr. Jap Hartono as the Company’s Director, and Mr.
    Bapak Syafril Harahap selaku Direktur Perseroan, ketiganya terhitung            Syafril Harahap as the Company’s Director, all three effective as of the
    efektif sejak tanggal rapat dengan ucapan terima kasih dan penghargaan          meeting date with the highest gratitude and appreciation for the best
    sebesar-besarnya atas kinerja terbaik yang telah diberikan selama ketiganya     performances provided by all three when serving as members of the
    menjabat sebagai anggota Direksi Perseroan. Selanjutnya memberikan              Company’s Board of Directors. Next, granted full release and discharge
    pelunasan serta pembebasan tanggung jawab sepenuhnya (acquit et de              (volledig acquit et de charge) to Mr. Nasarudin bin Nasir, Mr. Jap Hartono,
    charge) kepada Bapak Nasarudin bin Nasir, Bapak Jap Hartono, dan Bapak          and Mr. Syafril Harahap for the management conducted when they served
    Syafril Harahap atas pengurusan yang telah dijalankan sejak ketiganya           as members of the Company’s Board of Directors until the closing of this
    menjabat sebagai anggota Direksi Perseroan hingga ditutupnya Rapat ini,         Meeting, to the extent that the management and supervision actions were
    sejauh tindakan pengurusan dan pengawasan tersebut tercermin dalam              reflected in the Company’s books and do not constitute a criminal act.
    buku-buku Perseroan dan bukan merupakan tindak pidana.
 • Menyetujui untuk mengangkat Bapak Jap Hartono sebagai Direktur Utama • Approved the appointment of Mr. Jap Hartono as the Company’s President
    Perseroan untuk masa jabatan efektif sejak ditutupnya rapat ini hingga RUPS     Director for an effective term of office from the closing of this meeting until
    Tahunan Perseroan di tahun 2029 dengan tidak menutup hak Pemegang               the Company’s Annual GMS in 2029 without closing the rights of Company’s
    Saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi                Shareholders to dismiss the Company’s Directors.
    Perseroan tersebut.




                                                                                                                        PT Sawit Sumbermas Sarana Tbk         175
Page 176
•      Menyetujui untuk mengangkat Bapak Akhmad Faisyal sebagai Direktur •              Approved the appointment of Mr. Akhmad Faisyal as the Company’s Director
       Perseroan untuk masa jabatan efektif sejak ditutupnya rapat ini hingga RUPS      for an effective term of office from the closing of this meeting until the
       Tahunan Perseroan di tahun 2029 dengan tidak menutup hak Pemegang                Company’s Annual GMS in 2029 without closing the rights of Company’s
       Saham Perseroan untuk dapat sewaktu-waktu memberhentikan Direksi                 Shareholders to dismiss the Company’s Directors.
       Perseroan tersebut.

Sehubungan dengan keputusan mata acara rapat ini, maka susunan anggota In connection with the resolution of this meeting agenda, the composition of
Dewan Komisaris dan Direksi Perseroan terhitung sejak ditutupnya rapat sebagai members of the Company’s Board of Commissioners and Board of Directors
berikut.                                                                       since the closing of the meeting is as follows.

Dewan Komisaris                                                                     Board of Commissioners
Komisaris Utama 			                   : Prof. Dr. Ir. Bungaran Saragih              President Commissioner		 : Prof. Dr. Ir. Bungaran Saragih
Komisaris Independen 		               : Hoesen                                      Independent Commissioner : Hoesen
Komisaris 			                         : Ir. Rimbun Situmorang                       Commissioner			          : Ir. Rimbun Situmorang
Direksi                                                                             Board of Directors
Direktur Utama			                     : Jap Hartono                                 President Director 		 : Jap Hartono
Direktur 				                         : Akhmad Faisyal                              Director				: Akhmad Faisyal

Menyetujui pemberian kuasa dan wewenang kepada anggota Direksi Perseroan            Approved to grant power and authority to members of the Company’s Board of
dengan hak substitusi untuk menyatakan keputusan Rapat tersebut dalam               Directors with the right of substitution to state the resolutions of the Meeting
akta notaris dan selanjutnya memberitahukan perubahan susunan anggota               in a Notary Deed and subsequently notify the changes in the composition
Direksi Perseroan tersebut kepada Menteri Hukum dan Hak Asasi Manusia serta         of members of the Company’s Board of Directors to the Minister of Law and
mendaftarkan pada Daftar Perusahaan sesuai dengan peraturan perundangan             Human Rights and register it in the Company Register in accordance with the
yang berlaku.                                                                       applicable statutory regulations.



Realisasi Hasil RUPST dan RUPSLB di Tahun 2024                                       Realization of the AGMS and
                                                                                     EGMS Resolutions in 2024

                            Realisasi Hasil RUPST                                                             Realisasi Hasil RUPSLB
                           Realization of the AGMS                                                            Realization of the EGMS

Sampai dengan akhir tahun 2024, seluruh keputusan RUPST Tahun Buku 2023             Sampai dengan akhir tahun 2024, seluruh Keputusan RUPSLB Tahun 2024 telah
telah dilaksanakan oleh manajemen dan telah diaktakan berdasarkan Akta              dilaksanakan oleh manajemen. Penunjukkan JAP HARTONO sebagai Direktur
Berita Acara Rapat Umum Pemegang Saham Tahunan PT Sawit Sumbermas                   Utama dan AKHMAD FAISYAL sebagai Direktur Perseroan telah diaktakan
Sarana Tbk No. 61 oleh Notaris Aulia Taufani, S.H., notaris di Jakarta , termasuk   berdasarkan Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa PT
Dewan Komisaris Perseroan telah menentukan honorarium dan tunjangan                 Sawit Sumbermas Sarana Tbk No. 62 oleh Notaris Aulia Taufani, S.H., notaris
lainnya bagi anggota Direksi dan anggota Dewan Komisaris Perseroan untuk            di Jakarta dan telah memberitahukan perubahan susunan anggota Direksi
tahun buku 2025 dan Dewan Komisaris juga telah menunjuk Kantor Akuntan              Perseroan tersebut kepada Menteri Hukum Republik Indonesia melalui Surat
Publik Purwanto, Sungkoro & Surja dengan Akuntan Publik Agung Purwanto              AHU-AH.01.09-0212402 tanggal 29 April 2025, serta telah didaftarkan pada
berdasarkan Surat Keputusan Dewan Komisaris No.041/Corsec-SSMS/VIII/2025            Daftar Perusahaan sesuai dengan Surat AHU-0092667.AH.01.11.tahun 2025
tanggal 4 Agustus 2025.                                                             tanggal 29 April 2025.
By the end of 2024, all resolutions of the AGMS for the 2023 Fiscal Year have       By the end of 2024, all resolutions of the EGMS in 2024 have been implemented
been implemented by management and have been formalized in the Deed of              by management. The appointment of JAP HARTONO as President Director
Minutes of the Annual General Meeting of Shareholders of PT Sawit Sumbermas         and AKHMAD FAISYAL as Director of the Company have been formalized in
Sarana Tbk No. 61, drawn up by Aulia Taufani, S.H., Notary in Jakarta and the       the Deed of Minutes of the Extraordinary General Meeting of Shareholders
Board of Commissioners has determined the honorarium and other benefits for         of PT Sawit Sumbermas Sarana Tbk No. 62, drawn up by Aulia Taufani, S.H.,
members of the Company Board of Directors and Board of Commissioners for            Notary in Jakarta. The changes to the composition of the Company’s Board
the financial year 2025. In addition, the Board of Commissioners has appointed      of Directors have been duly notified to the Minister of Law of the Republic of
Public Accounting Firm Purwanto, Sungkoro & Surja with Public Accountant            Indonesia through Letter AH.01.09-0212402 dated April 29, 2025, and have been
Agung Purwanto pursuant to the Board of Commissioner Decree No.041/Corsec-          registered in the Company Register in accordance with Letter AHU-0092667.
SSMS/VIII/2025 tanggal 4 Agustus 2025.                                              AH.01.11. of 2025 dated April 29, 2025.




 176       Laporan Tahunan 2025 Annual Report
Page 177
                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




                                                                                              Dewan Komisaris
                                                                                       Board of Commissioners

Dalam penerapan tata kelola perusahaan yang baik, Dewan Komisaris    In the implementation of good corporate governance (GCG), the
memiliki peran utama dalam mengawasi kebijakan dan pengelolaan       Board of Commissioners plays a key role in overseeing the policies
Perseroan yang dijalankan oleh Direksi. Sebagai salah satu organ     and management activities carried out by the Board of Directors. As
utama dalam struktur Perseroan, Dewan Komisaris bertanggung          one of the Company’s main organs, the Board of Commissioners is
jawab memastikan bahwa setiap keputusan dan operasional              responsible for ensuring that all corporate decisions and operations
Perseroan telah sesuai dengan prinsip-prinsip GCG serta peraturan    align with GCG principles and comply with applicable laws and
perundang-undangan yang berlaku. Hal ini dilakukan oleh Dewan        regulations. This oversight is carried out by providing strategic
Komisaris dengan memberikan arahan-arahan kepada Direksi melalui     direction to the Board of Directors through mechanisms outlined in
mekanisme-mekanisme yang ditetapkan dalam Anggaran Dasar dan         the Company’s Articles of Association and relevant legal frameworks.
peraturan perundang-undangan yang berlaku.

PEDOMAN KERJA DEWAN KOMISARIS                                        BOARD OF COMMISSIONERS’ CHARTER

Dewan Komisaris Perseroan telah memiliki Piagam Dewan Komisaris      The Company’s Board of Commissioners has established a Board of
(Board Manual) yang ditetapkan pada 10 April 2019. Piagam ini        Commissioners Charter (Board Manual), which was enacted on April
menjadi acuan dalam melaksanakan tugas, tanggung jawab dan           10, 2019. This Charter serves as a guideline for carrying out the duties,
wewenangnya untuk mengawasi jalannya usaha sekaligus memenuhi        responsibilities, and authorities of the Board of Commissioners in
kepentingan para pemangku kepentingan.                               supervising the Company’s business operations while also protecting
                                                                     the stakeholder interests.

Untuk mengetahui lebih lengkap mengenai piagam Dewan                 For more detailed information regarding the Board of Commissioners
Komisaris, dapat dilihat pada situs web Perseroan di link berikut:   Charter, please refer to the Company’s website at the following link:
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/          https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115248.pdf                                          document_20240502115248.pdf



TUGAS DAN TANGGUNG JAWAB                                             DUTIES AND RESPONSIBILITIES OF
DEWAN KOMISARIS                                                      THE BOARD OF COMMISSIONERS

Berdasarkan Piagam Kerja Dewan Komisaris yang dapat dilihat pada     Based on Board of Commissioners Charter which can be seen at
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/          https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115248.pdf.                                         document_20240502115248.pdf,

Tugas dan Tanggung Jawab Dewan Komisaris Perseroan, antara lain:     Duties and Responsibilities of the Company ’s Board of
                                                                     Commissioners, among others :
1. Dewan Komisaris bertanggung jawab penuh atas pengawasan           1. The Board of Commissioners is fully responsible for supervision
   pengelolaan Perseroan oleh Direksi, termasuk untuk memberi           of the management of the Company by the Board of Directors,
   nasihat kepada Direksi.                                              including to advise the Board of Directors.
2. Membentuk Komite Audit dan komite-komite lainnya guna             2. Establish Audit Committees and other committees to support
   mendukung efektifitas pelaksanaan tugas.                             the effectiveness of task implementation.
3. Pada setiap akhir tahun buku, melakukan evaluasi terhadap         3. At the end of each financial year, evaluate the performance of
   kinerja komite-komite yang disebutkan pada ayat 2.                   the committees mentioned in paragraph 2.
4. Menghadiri RUPS tahunan dan RUPS lainnya sesuai peraturan         4. Attending the Annual General Meeting of Shareholders and other
   perundang-undangan dan Anggaran Dasar.                               GMS in accordance with the laws and the Articles of Association.
5. Dalam hal Perseroan tidak memiliki seorangpun anggota Direksi,    5. In the event that the Company does not have any member of the
   Dewan Komisaris wajib untuk sementara mengurus Perseroan.            Board of Directors, the Board of Commissioners shall temporarily
                                                                        administer the Company.
6. Anggota Dewan Komisaris bertanggung jawab secara tanggung         6. The members of the Board of Commissioners are jointly
   renteng atas kerugian Perseroan yang disebabkan oleh kesalahan       responsible for the Company’s losses caused by errors or
   atau kelalaian anggota Dewan Komisaris dalam menjalankan             omissions of members of the Board of Commissioners in
   tugasnya.                                                            performing their duties.




                                                                                                     PT Sawit Sumbermas Sarana Tbk      177
Page 178
7. Anggota Dewan Komisaris tidak dapat diminta                      7. A member of the Board of Commissioners shall not be held
   pertanggungjawaban sebagaimana dimaksud pada ayat 1 jika            accountable as referred to in paragraph 1 if it can prove:
   dapat membuktikan:
   a. kerugian tersebut bukan karena kesalahan atau kelalaiannya;       a. the loss is not due to any errors or omissions;
   b. telah melakukan pengawasan dengan itikad baik, penuh              b. has conducted supervision in good faith, full of responsibility,
       tanggung jawab, dan kehati-hatian untuk kepentingan                 and prudence for the benefit of the Company;
       Perseroan;
   c. tidak mempunyai benturan kepentingan baik langsung                c. has no direct or indirect conflicts of interest over the control
       maupun tidak langsung atas tindakan pengawasan yang                 measures resulting in a loss; and
       mengakibatkan kerugian; dan
   d. telah mengambil tindakan untuk mencegah timbul atau               d. has taken action to prevent the occurrence or extent of
       berlanjutnya kerugian tersebut.                                     such losses.

Pembagian Tugas Dewan Komisaris                                     Segregation of Duties of The
                                                                    Board of Commissioners
Dewan Komisaris menetapkan pembagian tugas dan tanggung             The Board of Commissioners independently establishes division of
jawab secara mandiri di antara anggota. Fokus pengawasan setiap     duties and responsibilities among members. The supervision focus
anggota disesuaikan dengan peran sebagai Ketua atau Wakil Ketua     of each member is adjusted to the role as Chairman or Vice Chairman
Komite Penunjang Dewan Komisaris, berdasarkan kompetensi            of Supporting Committee of Board of Commissioners, based on
dan pengalaman masing-masing untuk memastikan efektivitas           respective competence and experience to ensure effectiveness
pengawasan dan kelancaran tata kelola perusahaan.                   of supervision and smooth corporate governance.

Sebagai pemimpin dan koordinator utama, Komisaris Utama             As the leader and chief coordinator, President Commissioner has
berperan penting dalam memastikan tugas dan tanggung jawab          a vital role to ensure the duties and responsibilities of the Board of
Dewan Komisaris berjalan sesuai dengan prinsip GCG. Adapun tugas    Commissioners are carried out in accordance with GCG principles.
dan tanggung jawab Komisaris Utama Perseroan meliputi:              The duties and responsibilities of the Company’s President
                                                                    Commissioner include:
1. Mengoordinasikan pelaksanaan tugas dan tanggung jawab            1. Coordinating the implementation of the duties and
   Dewan Komisaris;                                                      responsibilities of the Board of Commissioners;
2. Mengusulkan pelaksanaan rapat Dewan Komisaris, termasuk          2. Proposing the implementation of Board of Commissioners
   menyusun agenda rapat;                                                meetings, including preparing the meeting agenda;
3. Melakukan pemanggilan dan memimpin rapat Dewan Komisaris;        3. Inviting and leading Board of Commissioners meeting; and
   serta
4. Memastikan hasil rapat dan rekomendasi Dewan Komisaris           4. Ensuring the meeting resolutions and recommendations of
   diimplementasikan oleh Direksi, sejalan dengan kepentingan          the Board of Commissioners are implemented by the Board
   Perseroan dan Pemegang Saham.                                       of Directors, in line with the interests of the Company and its
                                                                       Shareholders.

Dengan pembagian tugas yang jelas dan peran Komisaris Utama         With clear division of duties and the role of President Commissioner
sebagai koordinator, Dewan Komisaris dapat menjalankan fungsinya    as coordinator, the Board of Commissioners is able to perform
secara lebih efektif dan terarah, mendukung pertumbuhan             its functions more effectively and in a focused manner, thereby
berkelanjutan Perseroan melalui pengawasan yang ketat dan           supporting the Company’s sustainable growth through strict
pengambilan keputusan yang tepat.                                   supervision and appropriate decision-making.

Pendelegasian Wewenang Dewan Komisaris                              Delegation of Board of Commissioners Authority
Pendelegasian wewenang oleh seorang anggota Dewan Komisaris         Delegation of authority given by a member of the Board of
kepada anggota Dewan Komisaris lainnya dilakukan melalui surat      Commissioners to other members of the Board of Commissioners
kuasa khusus sesuai kebutuhan. Meski demikian, pendelegasian ini    is carried out through a special power of attorney for such purpose.
tidak mengurangi tanggung jawab kolektif Dewan Komisaris atas       This delegation of authority does not abdicate the responsibility of
pelaksanaan tugasnya.                                               the Board of Commissioners collectively.




 178    Laporan Tahunan 2025 Annual Report
Page 179
                                                                                                                        Tata Kelola Perusahaan
                                                                                                                     Good Corporate Governance




KEANGGOTAAN DEWAN KOMISARIS                                                   MEMBERSHIP OF THE BOARD
                                                                              OF COMMISSIONERS

Di tahun 2025, anggota Dewan Komisaris Perseroan terdiri dari tiga            In 2025, the Company’s Board of Commissioners consisted of three
orang anggota, termasuk diantaranya adalah Komisaris Independen.              members, including Independent Commissioner. This composition
Jumlah ini telah memenuhi ketentuan Peraturan OJK No. 33/                     is in line with the provisions of POJK No. 33/POJK.04/2014 on the
POJK.04/2014 tentang tentang Direksi dan Dewan Komisaris untuk                Board of Directors and Board of Commissioners of Issuers or Public
Emiten atau Perusahaan Publik (“POJK No 33”).                                 Companies (“POJK No. 33”).

Persyaratan Keanggotaan                                                       Membership Requirements
Dalam menentukan anggota Dewan Komisaris, Perseroan memiliki                  In appointing members of the Board of Commissioners, the Company
persyaratan seperti yang tertuang dalam Piagam Dewan Komisaris,               has specific requirements that stipulated in the Board Manual of
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                   Commissioners, https://cms.ssms.co.id/assets/pages-assets/
document_20240502115248.pdf.                                                  our-gcg-charter/document_20240502115248.pdf.

Masa Jabatan                                                                  Term of Office
Masa jabatan anggota Dewan Komisaris Perseroan adalah sejak                   The term of office of members of Company’s Board of Commissioners
diangkat oleh Rapat Umum Pemegang Saham (RUPS) untuk jangka                   commenced upon their appointment by the GMS and continues until
waktu sampai dengan penutupan RUPS Tahunan yang ke-5 (lima)                   the close of the 5th (fifth) Annual GMS following such appointment,
setelah pengangkatan tersebut, sesuai dengan Piagam Dewan                     according to Board of Commissioners Charter,
Komisaris, https://cms.ssms.co.id/assets/pages-assets/our-gcg-                https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
charter/document_20240502115248.pdf.                                          document_20240502115248.pdf.

Prosedur Pengangkatan dan Pemberhentian                                       Procedures for Appointment and Dismissal
Perseroan telah memiliki prosedur pengangkatan dan pemberhentian              The Company has procedures to appoint and dismiss the member
anggota Dewan Komisaris, berdasarkan pada Piagam Dewan                        of Board of Commissioners, based on the Board of Commissioners
Komisaris, https://cms.ssms.co.id/assets/pages-assets/our-gcg-                Charter, https://cms.ssms.co.id/assets/pages-assets/our-gcg-
charter/document_20240502115248.pdf.                                          charter/document_20240502115248.pdf.

Komposisi Anggota Dewan Komisaris                                             Composition of The Board of Commissioners
Adapun komposisi anggota Dewan Komisaris Perseroan per 31                     The composition of the Company’s Board of Commissioners as of
Desember 2025, sebagai berikut:                                               December 31, 2025, is as follows:


            Nama                        Jabatan                    Dasar Pengangkatan                     Masa Jabatan           Periode Jabatan
            Name                        Position                       Legal Basis                        Term of Office              Period

 Prof. Dr. Ir. Bungaran Saragih   Komisaris Utama        Akta No. 18 Tanggal 5 Desember 2023 yang      5 Desember 2023-            Periode kedua
                                  President              dibuat oleh Notaris Aulia Taufani, SH         RUPS Tahunan 2028             2nd Period
                                  Commissioner           Deed No. 18 dated December 5, 2023 made by    May 08, 2023 – 2028
                                                         Notary Aulia Taufani, SH                      Annual GMS
 Hoesen                           Komisaris Independen   Akta No. 65 Tanggal 30 September 2022 yang    22 Oktober 2022-           Periode pertama
                                  Independent            dibuat oleh Notaris Aulia Taufani, SH         RUPS Tahunan 2027              1st Period
                                  Commissioner           Deed No. 65 dated September 30, 2022 made     October 22, 2022 –
                                                         by Notary Aulia Taufani, SH                   2027 Annual GMS

 Ir. Rimbun Situmorang            Komisaris              Akta No. 55 tanggal 28 Mei 2021 yang dibuat   31 Agustus 2021-            Periode kedua
                                  Commissioner           oleh Notaris Dr. Tintin Surtini SH, MH, MKn   RUPS Tahunan 2026             2nd Period
                                                         Deed No. 55 dated May 28, 2021 made by        August 31, 2021 – 2026
                                                         Notary Dr. Tintin Surtini SH, MH, MKn         Annual GMS




                                                                                                                PT Sawit Sumbermas Sarana Tbk       179
Page 180
Komisaris Independen                                                 Independent Commissioner
Komisaris Independen merupakan anggota Dewan Komisaris yang          An Independent Commissioner is a member of the Board of
tidak memiliki hubungan keuangan, kepengurusan, kepemilikan          Commissioners who has no financial, managerial, share ownership,
saham dan atau hubungan keluarga dengan anggota Dewan                and/or family relationship with other members of the Board of
Komisaris, anggota Direksi dan atau pemegang saham pengendali        Commissioners, members of the Board of Directors, the controlling
atau dengan Perseroan yang mungkin menghalangi atau menghambat       shareholders, or the Company, which may hinder or interfere with
posisinya untuk bertindak independen sesuai dengan prinsip-prinsip   their ability to act independently in accordance with the principles
GCG. Komisaris Independen bertanggung jawab untuk melakukan          of Good Corporate Governance (GCG). Independent Commissioners
pengawasan dengan mengedepankan independensi. Penunjukan             are responsible for carrying out their supervisory role with a strong
Komisaris Independen sesuai dengan ketentuan yang diatur dalam       emphasis on independence. The appointment of Independent
Peraturan OJK No. 33.                                                Commissioners complies with the provisions set forth in OJK
                                                                     Regulation No. 33.

Adapun pejabat Komisaris Independen Perseroan saat ini dijabat       Currently, the position of Independent Commissioner is held by
oleh Bapak Hoesen yang diangkat berdasarkan Akta No. 65 Tanggal      Mr. Hoesen, who was appointed based on the Deed No. 65 dated
30 September 2022 yang dibuat oleh Notaris Aulia Taufani, SH.        September 30, 2022 made by Notary Aulia Taufani, SH.

Independensi Komisaris                                               Independence Commissioner
Perseroan memastikan seluruh anggota Dewan Komisaris                 The Company ensures that all members of the Board of Commissioners
melaksanakan tugas dan tanggung jawab secara independen. Kriteria    perform their duties and responsibilities independently. The
independensi anggota Dewan Komisaris, khususnya Komisaris            independence criteria for members of the Board of Commissioners,
Independen telah tertuang dalam Piagam Dewan Komisaris,              particularly Independent Commissioners, are stipulated in the Board
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/          of Commissioners Charter, https://cms.ssms.co.id/assets/pages-
document_20240502115248.pdf.                                         assets/our-gcg-charter/document_20240502115248.pdf.

Setiap anggota Dewan Komisaris wajib menjunjung tinggi prinsip       Each member of the Board of Commissioners is required to uphold
integritas, dan mengutamakan kepentingan perusahaan di               the integrity principle, and prioritizing the company interest before
atas kepentingan pribadi. Anggota Dewan Komisaris juga telah         personal interest. Members of the Board of Commissioners have
menandatangani Pernyataan Komitmen/Pakta Integritas yang             also signed a Statement of Commitment/Integrity Pact reflecting
mencerminkan kesungguhan dalam menjaga profesionalisme               sincerity in maintaining professionalism as the basis of operational
sebagai landasan pengawasan operasional.                             supervision.

Pernyataan Independensi Komisaris Independen                         Independency Statement of Independent
                                                                     Commissioner
Bapak Hoesen telah menjabat sebagai Komisaris Independen 2 (dua)     Mr. Hoesen has served as Independent Commissioner for 2 (two)
periode berturut-turut dan telah menandatangani surat pernyataan     consecutive periods and has signed an Independent Statement.
Independen.




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                                                                                                          Tata Kelola Perusahaan
                                                                                                       Good Corporate Governance




RANGKAP JABATAN DAN BENTURAN                                        CONCURRENT POSITION AND CONFLICT
KEPENTINGAN ANGGOTA DEWAN KOMISARIS                                 OF INTEREST FOR MEMBER OF THE
                                                                    BOARD OF COMMISSIONERS

Rangkap Jabatan                                                     Concurrent Position
Ketentuan mengenai rangkap jabatan anggota Dewan Komisaris          Provisions regarding multiple positions held by members of the
Perseroan tertuang dalam piagam Dewan Komisaris, https://           Company’s Board of Commissioners are set out in the Board of
cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                 Commissioners Charter, https://cms.ssms.co.id/assets/pages-
document_20240502115248.pdf dan pedoman Tata Kelola, https://       assets/our-gcg-charter/document_20240502115248.pdf and
cms.ssms.co.id/assets/pages-assets/custom-page/gcg-policy/          Governance Guidelines, https://cms.ssms.co.id/assets/pages-
Pedoman_Tata-Kelola-Perusahaan.pdf.                                 assets/custom-page/gcg-policy/Pedoman_Tata-Kelola-Perusahaan.
                                                                    pdf.

Dalam ketentuan tersebut, anggota Dewan Komisaris dapat menjabat    Under these provisions, members of the Board of Commissioners
lebih dari satu jabatan sebagai fungsi-fungsi berikut:              may hold more than one position in the following capacities:
1. Anggota Direksi maksimum pada 2 (dua) Perusahaan Publik lain.    1. Member of the Board of Directors in a maximum of 2 (two) other
                                                                       Public Companies.
2. Anggota Dewan Komisaris maksimum pada 2 (dua) Perusahaan         2. Member of the Board of Commissioners in a maximum of 2 (two)
   Publik lain.                                                        other Public Companies.
3. Dalam hal anggota Dewan Komisaris tidak merangkap jabatan        3. If members of Board of Commissioners hold no concurrent
   sebagai Direksi sebagaimana dalam poin di atas, maka anggota        position as Board of Directors as stated in the point above,
   Dewan Komisaris juga dapat bertindak sebagai anggota Dewan          members of Board of Commissioners can also act as Board
   pada maksimum 4 Perusahaan Publik lain.                             members in a maximum of 4 other public companies.
4. Anggota Komite paling banyak pada 5 (lima) Komite pada           4. Committee members are at most 5 (five) Committees in other
   Perusahaan Publik lain di mana yang bersangkutan menjabat           Public Companies where the person concerned serves as a
   sebagai anggota Direksi atau Dewan Komisaris.                       member of the Board of Directors or Board of Commissioners.

Informasi mengenai rangkap jabatan anggota Dewan Komisaris          Information on concurrent positions of members of Board of
diungkapkan dalam Profil Dewan Komisaris pada bab Profil            Commissioners is disclosed in the Company profile chapter.
Perusahaan.

Benturan Kepentingan                                                Conflict of Interest
Untuk mencegah benturan kepentingan akibat rangkap jabatan          To preventing conflict of interests from concurrent positions, as well
serta menjaga independensi dan profesionalisme, maka anggota        as maintaining independence and professionalism, so, members
Dewan Komisaris wajib mematuhi ketentuan berikut.                   of Board of Commissioners are required to comply the following
                                                                    provisions.
1. Menghindari posisi yang menempatkan kepentingan pribadi          1. Avoid position that put personal interests to conflict with
   bertentangan dengan kewajiban terhadap Perseroan.                    obligations to the Company.
2. Melaporkan segera kepada Komisaris Utama dan anggota Dewan       2. Immediately report to the President Commissioner and other
   Komisaris lainnya jika terdapat benturan atau potensi benturan       member of the Board of Commissioners if there is a conflict or
   kepentingan, serta menyertakan informasi relevan. Komisaris          potential conflict of interests, and provide relevant information.
   Utama wajib menyampaikan konflik tersebut kepada Direksi.            The President Commissioner must inform such conflict to the
                                                                        Board of Directors.
3. Memperoleh persetujuan Dewan Komisaris sebelum melakukan         3. Obtain approval from the Board of Commissioners before
   transaksi yang melibatkan benturan kepentingan, serta                carrying out transactions involving conflict of interests, and
   memastikan kepatuhan terhadap peraturan mengenai pihak               ensure regulatory compliance on affiliated parties and conflict
   terafiliasi dan transaksi benturan kepentingan.                      of interest transactions.
4. Tidak terlibat dalam pengambilan keputusan yang berkaitan        4. Not involved in the decision-making related to the conflict of
   dengan konflik kepentingan yang dimiliki.                            interests.




                                                                                                   PT Sawit Sumbermas Sarana Tbk     181
Page 182
PENGEMBANGAN KOMPETENSI                                                       COMPETENCY DEVELOPMENT FOR MEMBER
ANGGOTA DEWAN KOMISARIS                                                       OF THE BOARD OF COMMISSIONERS

Kebijakan Pelatihan                                                           Training Policy
Perseroan memiliki kebijakan pelatihan bagi setiap insan Perseroan,           The Company has training policy for all of the Company’s employees,
termasuk Dewan Komisaris yang tertuang dalam pedoman Tata                     including Board of Commissioners as stipulated in the Governance
Kelola, https://cms.ssms.co.id/assets/pages-assets/custom-page/               Guidelines, https://cms.ssms.co.id/assets/pages-assets/custom-
gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.                                page/gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.

Pelaksanaan                                                                   Implementation
Perseroan mengadakan pelatihan bagi Dewan Komisaris, termasuk                 The Company conducted training programs for the Board of
program orientasi/pengenalan Perseroan bagi Anggota Dewan                     Commissioners, including an orientation/induction program for
Komisaris baru yang dilakukan guna memberikan pemahaman                       new member of the Board of Commissioners. This program is
mengenai tugas dan tanggung jawab sebagai anggota Dewan                       designed to provide a comprehensive understanding of their roles
Komisaris agar dijalankan dengan sebaik-baiknya. Program                      and responsibilities to ensure effective execution of their duties.
pengenalan diberikan dalam bentuk presentasi, pertemuan,                      The orientation is delivered through presentations, meetings, site
kunjungan ke fasilitas Perseroan atau program lainnya.                        visits to the Company’s facilities, and other relevant programs.

Di tahun 2025, Perseroan tidak melaksanakan program pengenalan                In 2025, the Company did not conduct an induction program for new
Dewan Komisaris dikarenakan komposisi Dewan Komisaris tidak                   members of the Board of Commissioners due to there is no change
mengalami perubahan. Adapun pelatihan Dewan Komisaris di tahun                in the Board of Commissioners composition. The following training
2025 adalah sebagai berikut:                                                  programs for the Board of Commissioners were conducted in 2025:


   Nama dan Jabatan                Materi Pendidikan/Pelatihan                         Tempat/Tanggal                      Penyelenggara
   Name and Position               Training/Education Material                           Place/Date                          Organizer
                          Isgano Indonesia 2025                                Bandung, 5-7 Februari 2025         Media Perkebunan
                                                                               Bandung, February 5-7, 2025        Plantation Media

                          Seminar Nasional Peran Strategis Kelapa Sawit Bogor, 24 Februari 2025                   Departemen Agribisnis IPB |
                          Menuju Indonesia 2045                              Bogor, February 24, 2025             Department of Agribusiness, IPB
                          National Seminar on the Strategic Role of Palm Oil
                          Toward Indonesia 2045

                          Seminar Nasional Huluisasi dan Hilirisasi Sawit Bogor, 11 Maret 2025                    Departemen Agribisnis IPB |
                          Sebagai Motor Penggerak Pertumbuhan Indonesia Bogor, March 11, 2025                     Department of Agribusiness, IPB
                          Serta Mewujudkan Ketahanan Pangan dan Energi
                          Nasional.
                          National Seminar on Upstream and Downstream
                          Development of the Palm Oil Industry as a Driver of
                          Indonesia’s Economic Growth and the Realization of
                          National Food and Energy Security

                          RSPO BoG, Phuket, Thailand                           Thailand, 10-12 Juni 2025          RSPO
                                                                               Thailand, June 10-12, 2025
 Prof. Dr. Ir. Bungaran Kuliah Umum | General lecture                          Medan, 2 Juli 2025                 Universitas Sumatera Utara
 Saragih                                                                       Medan, July 2, 2025                University of North Sumatra
 Komisaris Utama
 President Commissioner Seminar Nasional Strategi Percepatan Swasembada        ICE BSD, 18 September 2025         ILDEX Indonesia
                        Pangan Berkelanjutan                                   ICE BSD, September 18, 2025
                        National Seminar on Strategies to Accelerate
                        Sustainable Food Self-Sufficiency

                          Indonesian International Palm Oil Conference 2025    Medan, 7-9 Oktober 2025            Fireworks Exhibitions and
                                                                               Medan, October 7-9, 2025           Conferences

                          RSPO BoG,Malaysia                                    Malaysia, 3-6 November 2025        RSPO
                                                                               Malaysia, November 3-6, 2025

                          IPOC Bali 2025                                       Bali, 13-14 November 2025          Gapki
                                                                               Bali, November 13-14, 2025

                          Indonesia Food Resilience Forum 2025                 Jakarta, 3 Desember 2025           Foundry Collective
                                                                               Jakarta, December 3, 2025
                          FGD Solusi Berkelanjutan Perkebunan Sawit dan Bogor, 12 Desember 2025                   Media Perkebunan
                          Resiko Banjir                                       Bogor, December 12, 2025            Plantation Media
                          Focus Group Discussion on Sustainable Solutions for
                          Palm Oil Plantations and Flood Risk



 182    Laporan Tahunan 2025 Annual Report
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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                       Good Corporate Governance




   Nama dan Jabatan                  Materi Pendidikan/Pelatihan                           Tempat/Tanggal                            Penyelenggara
   Name and Position                 Training/Education Material                             Place/Date                                Organizer

                            Pendidikan Profesi Lanjutan Wakil Manajer Investasi Jakarta, 22 Januari 2025                 Perkumpulan Wakil Manajer
                            Advanced Professional Education for Associate Jakarta, January 22, 2025                      Investasi Indonesia
                            Investment Managers                                                                          Association of Deputy Investment
                                                                                                                         Managers of Indonesia

                            Pertemuan Tahunan Industri Jasa Keuangan 2025 Jakarta, 11 Februari 2025                      OJK | FSA
                            (PTIJK)                                       Jakarta, February 11, 2025
                            2025 Annual Meeting of the Financial Services
                            Industry (PTIJK)

                            Indonesia Capital Market Executive (ICME) Capacity    Shanghai, 7-11 Mei 2025                Self-Regulatory Organizations (SRO)
                            Building and Networking 2025                          Shanghai, May 7-11, 2025

 Hoesen                   Navigating Global Dynamics: The Resilience of           Jakarta, 8 Juli 2025                   KSEI
 Komisaris Independen     Indonesia’s Economic and Financial System               Jakarta, July 8, 2025
 Independent Commissioner Strategy & Strategic Planning: Creating Tomorrow’s      Austria, 15 -19 September 2025         Oxford Management Centre
                          Organisation out of today’s Organisation                Austria, September 15-19, 2025

                            Pendidikan Profesi Lanjutan Wakil Penjamin Emisi Jakarta, 12 November 2025                   Mandiri Sekuritas
                            Efek                                             Jakarta, November 12, 2025
                            Advanced Professional Education for Associate
                            Underwriters


                            CEO Networking (Managing Global Trade and             Jakarta, 18 November 2025              OJK - SRO
                            Empowering Business Strategy)                         Jakarta, November 18, 2025

                            Exploring Current Technology for Capital Market:      Yogyakarta, 4-7 Desember 2025          KSEI
                            Building Trust, Efficiency, and Innovation            Yogyakarta, December 4-7, 2025



RAPAT DEWAN KOMISARIS                                                            MEETING OF THE BOARD OF COMMISSIONERS

Kebijakan Rapat Dewan Komisaris                                                  Board of Commissioners Meeting Policy
Kebijakan rapat Dewan Komisaris tertuang pada Piagam Dewan                       The Board of Commissioners meeting policy is stipulated in the
Komisaris, https://cms.ssms.co.id/assets/pages-assets/our-gcg-                   Board of Commissioners Charter, https://cms.ssms.co.id/assets/
charter/document_20240502115248.pdf.                                             pages-assets/our-gcg-charter/document_20240502115248.pdf.

Dewan Komisaris diwajibkan mengadakan rapat internal secara                      The Board of Commissioners is required to convene internal
berkala minimal 1 (satu) kali dalam 2 (dua) bulan. Sedangkan rapat               meetings on a regular basis at least once time every 2 (two) months.
bersama Direksi, dilakukan secara berkala paling kurang 1 (satu)                 While the joint meetings of Board of Commissioners with the Board
kali dalam 3 (tiga) bulan.                                                       of Directors is held periodically at least 1 (one) in 3 (three) months.

Rapat dapat diadakan secara fisik atau non-fisik melalui                         Meeting can be held either physical or non-physical through
telekonferensi, video konferensi, atau media elektronik lainnya.                 teleconference, video conference, or other electronic media. If a
Jika anggota Dewan Komisaris berhalangan hadir, mereka dapat                     member of the Board of Commissioners unable to attend, he/she
menunjuk anggota lain sebagai perwakilan dengan surat kuasa                      can appoint other member as representative with a special power
khusus.                                                                          of attorney.

Frekuensi rapat dan tingkat kehadiran Dewan Komisaris dalam                      The frequency of meetings and the attendance rate of the Board of
Rapat Dewan Komisaris, rapat Dewan Komisaris bersama Direksi dan                 Commissioners at Board of Commissioners meetings, joint meetings
tingkat kehadiran anggota Dewan Komisaris dalam rapat tersebut                   with the Board of Directors, and participation in the GMS are as
termasuk kehadiran dalam RUPS adalah sebagai berikut:                            follows:




                                                                                                                   PT Sawit Sumbermas Sarana Tbk     183
Page 184
                                      Rapat Internal Dewan                 Rapat Dewan Komisaris
                                            Komisaris                           dengan Direksi                                             RUPS
                                     Board of Commissioners          Board of Commissioners Meeting with                                   GMS
  Nama dan Jabatan                      Internal Meeting                    the Board of Directors
  Name and Position         Jumlah            Jumlah                   Jumlah           Jumlah                     Kehadiran      Kehadiran         Jumlah
                             Rapat          Kehadiran                   Rapat         Kehadiran                      RUPST         RUPSLB         Kehadiran
                                                              %                                            %                                                       %
                           Number of           Total                  Number of          Total                     Attendance     Attendance         Total
                           meetings         Attendance                meetings        Attendance                    in AGMS        in EGMS        Attendance

 Prof. Dr. Ir. Bungaran         6                6            100          4                 4             100          1              2              3            100
 Saragih
 (Komisaris Utama)

 Hoesen                         6                6            100          4                 4             100          1              2              3            100
 (Komisaris Independen)

 Ir. Rimbun Situmorang          6                6            100          4                 4             100          1              2              3            100
 (Komisaris)

 Rata-rata Kehadiran            18               18           100          12                12            100          3              6              9            100



 Agenda
                                       Rapat Internal                                                                       Rapat Gabungan
                                      Internal Meeting                                                                       Joint Meeting
 Pengesahan Laporan Tahunan dan Laporan Keuangan Perseroan Tahun 2024                            Penyampaian dan Pembahasan Kinerja Kuartal IV Tahun 2024 sekaligus
 Approval of the Company’s 2024 Annual Report and Financial Statements.                          Pemaparan Rencana Aksi Korporasi, Penerbitan Global Bond
                                                                                                 Submission and Discussion of the Fourth Quarter 2024 Performance,
                                                                                                 including the Presentation of the Corporate Action Plan for the Issuance
                                                                                                 of a Global Bond.

 Persiapan Pelaksanaan RUPST dan RUPSLB, termasuk pembahasan nominasi Direksi Pembahasan Laporan Keuangan Kuartal I Tahun 2025.
 Preparation for the implementation of the Annual General Meeting of Shareholders (AGMS) Discussion of the First Quarter 2025 Financial Statements.
 and the Extraordinary General Meeting of Shareholders (EGMS), including discussion
 about the nomination of Directors

 Pembahasan Honorarium dan gaji Dewan Komisaris dan Direksi serta Rencana Akuisisi               Penyampaian dan Pembahasan Kinerja Semester I Tahun 2025, sekaligus
 PT Sawit Mandiri Lestari (SML)                                                                  pembahasan akuisisi SML dan rencana RUPSLB dan Independen
 Discussion on the honorarium and salaries of the Board of Commissioners and the                 Submission and Discussion of the first Semester 2025 Performance,
 Board of Directors, as well as the proposed acquisition of PT Sawit Mandiri Lestari (SML)       including discussion regarding the acquisition of SML and the planned
                                                                                                 Extraordinary and Independent GMS.
 Pembahasan pelaksanaan RUPS Luar Biasa dan Independen, sekaligus nominasi Direksi Penyampaian dan Pembahasan Kinerja Kuartal III Tahun 2025, sekaligus
 Discussion on the implementation of Extraordinary and Independent General Meeting pembahasan fasilitas kredit sindikasi
 of Shareholders, including the nomination of Directors                            Submission and Discussion of the Third Quarter 2025 Performance,
                                                                                   including discussion on syndicated loan facilities

 Pemaparan oleh Konsultan Hukum Terkait Risiko Bisnis Bagi Dewan Komisaris dan Direksi
 Presentation by Legal Counsel Regarding Business Risks for the Board of Commissioners
 and the Board of Directors.

 Pembahasan Rencana Kerja dan Anggaran Tahun 2026
 Discussion on the 2026 Work Plan and Budget.



KINERJA DEWAN KOMISARIS                                                               PERFORMANCE OF THE BOARD
                                                                                      OF COMMISSIONERS

Di tahun 2025, Dewan Komisaris Perseroan telah melaksanakan                           In 2025, the Company’s Board of Commissioners has implemented
tugas dan tanggung jawabnya sesuai dengan Pedoman Kerja Dewan                         his roles and responsibilities, according to the Board Manual of
Komisaris, di antaranya adalah sebagai berikut:                                       Commissioners including:




 184      Laporan Tahunan 2025 Annual Report
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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




                         Uraian Tugas                                                                  Realisasi Tahun 2025
                      Description of Duties                                                              2025 Realization

Menyampaikan saran dan pendapat mengenai:                             Dewan Komisaris telah menyampaikan saran mengenai pengembangan bisnis dan
1. Rencana pengembangan Perseroan, Laporan Tahunan, dan               strategi serta mitigasi risiko, melalui berbagai laporan, termasuk Laporan Pengawasan
     laporan berkala lainnya dari Direksi dalam forum RUPS.           Dewan Komisaris. Di tahun 2025, Dewan Komisaris telah membuat 2 (dua) laporan,
2. Saran dan langkah perbaikan yang harus ditempuh, apabila           diantaranya mengenai Arahan Dewan Komisaris Dalam Rangka Tugas Pengawasan
     Perseroan menunjukkan gejala kemunduran.                         Dewan Komisaris Atas Pencapaian Kinerja Triwulan I 2025 dan Evaluasi terhadap kinerja
3. Saran dan pendapat mengenai setiap persoalan lainnya yang          Perseroan Triwulan I 2025.
     dianggap penting bagi pengelolaan Perseroan
4. Saran dan pendapat terhadap prospek dan kinerja keuangan           Selain itu, Dewan Komisaris juga telah membuat Laporan Pengawasan Dewan Komisaris
     perusahaan berdasarkan laporan Direksi.                          yang memuat pengawasan strategi, pengawasan penerapan GCG, pengawasan efektivitas
Deliver suggestions and opinions regarding:                           sistem manajemen risiko dan pengendalian internal, serta opini terhadap prospek dan
1. The Company’s development plan, Annual Report and other            kinerja keuangan Perusahaan. Laporan Pengawasan Dewan Komisaris telah diserahkan
     periodic reports from the Board of Directors in GMS forum.       dalam RUPS Tahunan pada 21 April 2025.
2. Suggestions and corrective steps to be taken, if Company
     shows signs of decline.                                          The Board of Commissioners has delivered suggestions regarding business development
3. Advice and opinions regarding any other issues deemed              and strategy as well as risk mitigation through various reporting, including the Supervisory
     important for the management of Company                          Report of the Board of Commissioners. In 2025, the Board of Commissioners has made
4. Suggestions and opinions toward the Company’s financial            2 (two) reports, including the Direction of the Board of Commissioners in the Framework
     projection and performance based on the Board of Directors       of the Board of Commissioners' Supervision of the Performance Achievement in the
     report.                                                          First Quarter of 2025 and the Evaluation of the Company's Performance in the First
                                                                      Quarter of 2025.

                                                                      In addition, the Board of Commissioners has prepared a Supervisory Report containing
                                                                      oversight of strategy implementation, supervision of GCG implementation, oversight of the
                                                                      effectiveness of the risk management and internal control systems, as well as its opinion
                                                                      on the Company’s prospects and financial performance. The Board of Commissioners’
                                                                      Supervisory Report was submitted at the Annual General Meeting of Shareholders held
                                                                      on April 21, 2025.
Membentuk Komite Audit dan komite-komite lainnya guna mendukung       Hingga akhir tahun 2025, Dewan Komisaris Perseroan telah membentuk Komite Audit
efektifitas pelaksanaan tugas.                                        dan Komite Nominasi dan Remunerasi.
Establish the Audit Committee, and other committees to support the    By the end of 2025, the Company’s Board of Commissioners has appointed Audit
effectiveness of duties implementation                                Committee and Nomination and Remuneration Committee.

Melakukan evaluasi terhadap kinerja komite-komite                     Dewan Komisaris telah melakukan evaluasi atas kinerja Komite Audit dan Komite Nominasi
Conduct evaluation toward committees performance                      dan Remunerasi.
                                                                      Board of Commissioners have evaluated the Audit Committee and the Nomination and
                                                                      Remuneration Committee performance.

Melakukan evaluasi terhadap kinerja Direksi                           Dewan Komisaris telah melakukan evaluasi atas kinerja Direksi melalui Laporan Evaluasi
Evaluating the Board of Directors performance                         Kinerja No. 022/DEKOM-SSMS/06/2025 tahun 2025 yang menyatakan, Direksi Perseroan
                                                                      telah menjalankan tugas dan tanggung jawabnya dengan baik.
                                                                      Board of Commissioners have evaluated the Board of Directors performance through
                                                                      Performance Evaluation Report No. 022/DEKOM-SSMS/06/2025 of 2025, stating that the
                                                                      Company’s Board of Directors has implemented its duties and responsibilities properly.

Menghadiri rapat, baik rapat Dewan Komisaris, rapat gabungan dengan   Dewan Komisaris Perseroan telah melaksanakan 6 (enam) rapat Dewan Komisaris dan
Direksi, maupun Rapat Umum Pemegang Saham (RUPS)                      4 (empat) rapat gabungan dengan Direksi yang dihadiri oleh seluruh anggota Dewan
Attending meeting, either Board of Commissioners meeting, joint       Komisaris.
meeting with Directors, or General Meeting of Shareholders (GMS)      Seluruh anggota Dewan Komisaris juga menghadiri seluruh RUPS yang diselenggarakan
                                                                      di tahun 2025, baik RUPST, RUPSLB, maupun RUPS Independen.
                                                                      The Company’s Board of Commissioners has implemented 6 (six) internal meetings and
                                                                      4 (four) joint meeting with the Board of Directors, attended by the entire of the Board of
                                                                      Commissioners.
                                                                      All members of the Board of Commissioners also attended all General Meetings of
                                                                      Shareholders held in 2025, including the Annual GMS (AGMS), the Extraordinary GMS
                                                                      (EGMS), and the Independent GMS.




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                         Uraian Tugas                                                              Realisasi Tahun 2025
                      Description of Duties                                                          2025 Realization

 Memberikan persetujuan tertulis melalui rapat internal dan rapat Dewan Komisaris telah memberikan persetujuan tertulis mengenai:
 gabungan mengenai keputusan:
 1. Rancangan Rencana Kerja dan Anggaran Perusahaan (RKAP)           1. Rancangan Rencana Kerja dan Anggaran Perusahaan (RKAP) .
 2. Rencana RUPS Tahun Buku 2024 yang dilaksanakan pada 21           2. Rencana RUPS Tahun Buku 2024 yang dilaksanakan pada 21 April 2025 melalui
     April 2025.                                                         Notulen Rapat Dewan Komisaris dan Direksi pada tanggal 15 April 2025 tahun
                                                                         2025.
 3. Aksi korporasi berupa pembelian aset yang sifatnya penting       3. Aksi korporasi berupa pembelian aset yang sifatnya penting melalui Surat No. 69/
                                                                         Corsec-SSMS/XI/2025 tahun 2025.
 4. Transaksi pinjaman dari Perseroan kepada pihak terafiliasi       4. Transaksi pinjaman dari Perseroan kepada pihak terafiliasi, PT Sawit Mandiri
                                                                         Lestari melalui Surat No. 71/Corsec-SSMS/XI/2025 tahun 2025.
 5. Transaksi pinjaman yang jumlahnya melebihi 20% dari              5. Transaksi pinjaman yang jumlahnya melebihi 20% dari keseluruhan modal
     keseluruhan modal ditempatkan dan disetor penuh oleh                ditempatkan dan disetor penuh oleh Perseroan melalui Surat No. 65/Corsec-
     Perseroan.                                                          SSMS/X/2025 tahun 2025.
 Provide written approval through internal meeting and joint meeting The Board of Commissioners has granted written approvals for the following matters:
 regarding:
 1. The Draft Annual Work Plan and Budget (RKAP).                    1. The Draft Annual Work Plan and Budget(RKAP).
 2. The plan for the General Meeting of Shareholders for the         2. The plan for the 2024 Fiscal Year GMS which will be held on April 21, 2025
     2024 Financial Year, held on April 21, 2025.                        through the Minutes of the Meeting of the Board of Commissioners and Board
                                                                         of Directors on April 15, 2025.
 3. A corporate action in the form of the acquisition of material    3. Corporate action is in the form of the purchase of important assets through
     assets.                                                             Letter No. 69/Corsec-SSMS/XI/2025 of 2025.
 4. A loan transaction from the Company to an affiliated party.      4. Loan transactions from the Company to affiliated parties, PT Sawit Mandiri
                                                                         Lestari through Letter No. 71/Corsec-SSMS/XI/2025 of 2025.
 5. A loan transaction with a value exceeding 20% of the             5. Loan transactions that exceed 20% of the total capital are issued and fully paid
     Company’s total issued and fully paid-up capital.                   up by the Company through Letter No. 65/Corsec-SSMS/X/2025 of 2025.


PENILAIAN KINERJA DEWAN KOMISARIS                                              PERFORMANCE ASSESSMENT OF
                                                                               THE BOARD OF COMMISSIONERS

Prosedur dan Kriteria Penilaian                                                Assessment Procedure, and Criteria
Penilaian kinerja Dewan Komisaris dilakukan berdasarkan kriteria               The performance assessment of the Board of Commissioners is
yang disusun secara mandiri oleh Dewan Komisaris. Penilaian ini                conducted based on the criteria independently established by the
dilaksanakan setiap akhir tahun buku, dan hasilnya disampaikan                 Board of Commissioners. This assessment is carried out at the
dalam RUPS.                                                                    end of every fiscal year and the results are submitted at the GMS.

Kriteria penilaian mencakup unsur-unsur yang telah disepakati                  The assessment criteria include the elements already agreed in the
dalam Rencana Kerja Tahunan (RKT), meliputi:                                   Annual Work Plan (RKT), as follows:
1. Tingkat kehadiran dalam rapat;                                              1. Attendance rate in meetings;
2. Kontribusi di dalam proses pengambilan keputusan;                           2. Contributions in the decision-making process;
3. Keterlibatan dalam penugasan tertentu; serta                                3. Involvement in certain assignments; and
4. Komitmen untuk memajukan kepentingan Perseroan.                             4. Commitment to prioritize the Company’s interests.

Hasil Penilaian                                                                Assessment Result
Berdasarkan hasil penilaian kinerja tahun 2025, Dewan Komisaris                Based on the 2025 performance assessment result, the Board
dinyatakan telah menjalankan tugas dan tanggung jawab sesuai                   of Commissioners is considered to have carried out the duties
ketentuan yang berlaku. Hasil penilaian ini menjadi dasar untuk:               and responsibilities according to the applicable provisions. The
                                                                               assessment results are used as the basis to:
1. Memberikan pelunasan dan pembebasan sepenuhnya (volledig                    1. Give full release and discharge (volledig acquit et de charge);
   acquit et de charge);
2. Menentukan struktur dan besaran remunerasi Dewan Komisaris;                 2. Determine the remuneration structure and amount for the Board
   serta                                                                          of Commissioners; and
3. Menetapkan langkah perbaikan yang perlu dilakukan oleh Dewan                3. Determine the corrective steps to be taken by the Board of
   Komisaris untuk periode selanjutnya.                                           Commissioners for the subsequent period.




 186     Laporan Tahunan 2025 Annual Report
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                                                                                                          Tata Kelola Perusahaan
                                                                                                       Good Corporate Governance




PENILAIAN KINERJA KOMITE PENDUKUNG                                  PERFORMANCE ASSESSMENT OF THE BOARD
TUGAS DEWAN KOMISARIS                                               OF COMMISSIONERS’ SUPPORTING COMMITTEES

Dewan Komisaris melaksanakan tugasnya dengan didukung oleh          The Board of Commissioners carries out its duties supported by the
Komite Audit, dan Komite Nominasi dan Remunerasi. Setiap Komite     Audit Committee and Nomination and Remuneration Committee.
memiliki kriteria penilaian sesuai dengan tugas, tanggung jawab,    Each Committee has an assessment criteria in accordance with
target, dan realisasi pencapaian.                                   its duties, responsibilities, targets, and achievement realization.

Prosedur Penilaian                                                  Assessment Procedures
Penilaian kinerja Komite Pendukung Dewan Komisaris dilakukan        Performance assessment of the Supporting Committees to the
1 (satu) kali dalam 1 (satu) tahun periode penilaian, di mana       Board of Commissioners is carried out 1 (one) in 1 (one) year, where
Dewan Komisaris melakukan evaluasi dan penilaian tahunan atas       the Board performs an annual evaluation and assessment of the
pelaksanaan tugas dari seluruh komite-komite tersebut.              implementation of duties by all three committees.

Penilaian kinerja anggota komite dilaksanakan secara berkala oleh   The performance assessment of committee members is carried out
Dewan Komisaris, baik secara kolektif maupun secara individu        collectively or individually using the assessment method stipulated
dengan menggunakan metode penilaian yang ditetapkan dalam           in the decision of the Board of Commissioners.
keputusan Dewan Komisaris.

Kriteria Penilaian                                                  Assessment Criteria
Kriteria penilaian komite-komite tersebut didasarkan pada:          The assessment criteria for those committees include:
1. Pelaksanaan tugas dan tanggung jawab selama tahun berjalan       1. Implementation of duties and responsibilities during the year as
    sebagaimana diatur dalam pedoman atau piagam masing-               stipulated in the respective committee charters or guidelines,
    masing komite serta kebijakan internal Perseroan;                  as well as the Company’s internal policies;
2. Tingkat kehadiran dalam masing-masing rapat komite;              2. Attendance rate in each committee meeting;
3. Kemampuan bekerja sama dan berkomunikasi secara aktif            3. Ability to cooperate and communicate actively among
    sesama anggota Komite;                                             Committee members;
4. Integritas;                                                      4. Integrity;
5. Kemampuan memahami Visi, Misi, dan Rencana Strategis             5. Ability to understand the Company’s Vision, Mission, and
    Perseroan; serta                                                   Strategic Plan; and
6. Kualitas atas saran/rekomendasi yang diberikan terkait program   6. Quality of suggestions/recommendations given regarding the
    kerja masing-masing Komite Penunjang Dewan Komisaris.              work program of each Supporting Committee of the Board of
                                                                       Commissioners.

Hasil Penilaian                                                     Assessment Result
Sepanjang tahun 2025, Dewan Komisaris menilai bahwa pelaksanaan     In 2025, the Board of Commissioners assessed that the
tugas oleh Komite Audit, Komite Nominasi dan Remunerasi, telah      performance of duties by the Audit Committee and the Nomination
dilaksanakan dengan baik sesuai dengan kriteria yang ditetapkan.    and Remuneration Committee, throughout the year has been
                                                                    satisfactorily fulfilled in accordance with the established criteria.

Komite Audit mendukung Dewan Komisaris dalam memantau               The Audit Committee supported the Board of Commissioners in
perencanaan dan pelaksanaan audit, serta menilai kecukupan          monitoring the plan and implementation of audit, as well as assessing
pengendalian internal. Sementara itu, Komite Nominasi dan           the adequacy of internal control. Meanwhile, the Nomination and
Remunerasi membantu Dewan Komisaris dalam menganalisis data         Remuneration Committee assisted the Board of Commissioners in
calon anggota Direksi yang memenuhi syarat, serta mengusulkan       analyzing the eligible prospective members of the Board of Directors,
sistem remunerasi yang sesuai.                                      and proposing the appropriate remuneration system.




                                                                                                  PT Sawit Sumbermas Sarana Tbk     187
Page 188
Direksi
Board of Directors

Direksi merupakan organ utama Perseroan yang bertanggung jawab        The Board of Directors is the Company’s primary organ, holding
penuh atas pengelolaan perusahaan serta memastikan penerapan          full responsibility for managing the Company and ensuring the
tata kelola yang baik di seluruh lini bisnis. Dalam menjalankan       implementation of good corporate governance across all business
tugasnya, Direksi tidak hanya memastikan kepatuhan terhadap           operations. In performing their duties, the Board of Directors not
regulasi dan prinsip tata kelola yang berlaku, tetapi juga menjalin   only ensures compliance with relevant governance regulations and
hubungan sinergis dengan Dewan Komisaris guna memastikan              principles, but also fosters synergistic relationships with the Board
efektivitas pengawasan yang transparan dan akuntabel. Selain itu,     of Commissioners to ensure transparent and accountable oversight.
Direksi berperan dalam merumuskan strategi bisnis serta mengelola     Additionally, the Board of Directors plays a pivotal role in formulating
dampak ekonomi, lingkungan, dan sosial, dengan menyeimbangkan         business strategies and managing the economic, environmental,
ketiga aspek tersebut demi keberlanjutan operasional Perseroan.       and social impacts of the Company, balancing these three aspects
                                                                      to ensure sustainability of the Company’s operations.

PEDOMAN KERJA DIREKSI                                                 BOARD OF DIRECTORS’ CHARTER

Direksi Perseroan telah memiliki Piagam Direksi (Board Manual)        The Company’s Board of Directors has established a Board of
yang ditetapkan pada 10 April 2019 dan berfungsi sebagai pedoman      Commissioners Charter (Board Manual), which was enacted on
dalam menjalankan tugas dan tanggung jawabnya.                        April 10, 2019 and has function as guidelines in implementing its
                                                                      duties and responsibilities.

Untuk mengetahui lebih lengkap mengenai piagam Direksi,               For more detailed information regarding the Board of Directors
dapat dilihat pada situs web Perseroan di link berikut: https://      Charter, please refer to the Company’s website at the following link:
cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                   https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115201.pdf.                                          document_20240502115201.pdf.

TUGAS DAN TANGGUNG JAWAB DIREKSI                                      DUTIES AND RESPONSIBILITIES OF
                                                                      THE BOARD OF DIRECTORS

Berdasarkan Piagam Kerja Direksi yang dapat dilihat pada              Based on Board of Directors Charter which can be seen at
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/           https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115201.pdf.                                          document_20240502115201.pdf.

Tugas dan Tanggung Jawab Direksi Perseroan, antara lain:              Duties and Responsibilities of the Company’s Board of Directors,
                                                                      among others:
1. Direksi bertanggung jawab penuh atas pengelolaan Perseroan.        1. The Directors are fully responsible for the management of the
                                                                          Company.
2. Direksi menjalankan Perusahaan sesuai dengan kewenangan dan        2. The Directors shall run the Company according to its authority
   tanggung jawabnya sebagaimana didefinisikan dalam Anggaran             and responsibility as defined in the Articles of Association
   Dasar dan prosedur, kebijakan, dan pedoman terkait lainnya.            and any other related procedures, policies and guidelines. Key
   Tanggung jawab utama Direksi meliputi:                                 responsibilities of the Directors include:
   a. mengarahkan dan mengelola Perseroan sesuai dengan                   a. direct and manage the Company in accordance with the
       tujuan Perseroan;                                                      Company’s objectives;
   b. mengendalikan, memelihara dan mengelola aset Perseroan              b. control, maintain and manage the Company’s assets for the
       untuk kepentingan Perseroan;                                           interests of the Company;
   c. merancang struktur pengendalian internal, memastikan                c. devise an internal control structure, ensure a corporate
       fungsi audit internal perusahaan bekerja pada setiap tingkat           working internal audit function at every level of the
       manajemen, dan menindaklanjuti temuan audit internal                   management, and follow up internal audit findings according
       sesuai dengan kebijakan dan arahan Dewan Komisaris untuk               to policies and directives of the Board of Commissioners
       tujuan pengendalian umum sesuai dengan peraturan yang                  for general control purposes in compliance with regulations
       ditentukan oleh pihak berwenang.                                       determined by the authorities.




 188    Laporan Tahunan 2025 Annual Report
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                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




3. Manajemen Perseroan yang disebutkan dalam butir 1 dan 2 di atas     3. Management of the Company mentioned in items 1 and 2 above
    harus dilakukan oleh masing-masing anggota Direksi dengan              should be carried out by each member of the Directors in good
    itikad baik dan dengan penuh tanggung jawab.                           faith and with full responsibility.
4. Setiap anggota Direksi secara pribadi bertanggung jawab penuh       4. Each member of the Directors is personally fully responsible for
    atas kerugian yang dialami oleh Perseroan jika dia salah atau          any loss sustained by the Company when he/she is at fault or is
    lalai dalam melaksanakan tugas sebagaimana dimaksud dalam              negligent in performing duties specified in article 97 paragraphs
    Pasal 97 ayat 3 Undang-Undang Perseroan Terbatas.                      3 of the Limited Liability Law.
5. Direksi wajib menerapkan prinsip-prinsip Good Corporate             5. The Directors shall apply the principles of Good Corporate
    Governance dalam setiap aktivitas bisnis Perseroan di semua            Governance in every business activity of the Company at all
    jenjang organisasi.                                                    levels of the organization.
6. Direksi harus menindaklanjuti temuan audit dan rekomendasi          6. The Directors shall follow up audit findings of and
    yang dibuat oleh unit kerja audit internal Perseroan dan auditor       recommendations made by the internal audit working unit of
    eksternal, dan hasil pengawasan oleh Otoritas Jasa Keuangan            the Company and external auditors, and results of supervision by
    dan/atau otoritas pengawas lainnya.                                    Financial Services Authority and/or other overseeing authorities.
7. Untuk penerapan prinsip-prinsip Tata Kelola Perusahaan yang         7. For the implementation of Good Corporate Governance principles
    Baik sebagaimana dimaksud dalam angka 5, Direksi sekurang-             as specified in item 5, the Directors shall at least set up the
    kurangnya harus mengatur hal-hal sebagai berikut:                      following:
    a. Fungsi Kerja Audit Internal;                                        a. Internal Audit Working Unit;
    b. Fungsi Kerja Kepatuhan dan Manajemen Risiko;                        b. Compliance and Risk Management Working Unit;
    c. Sekretaris Perusahaan.                                              c. Company Secretary Working Unit.
8. Direksi bertanggung jawab atas pelaksanaan tugasnya kepada          8. The Directors shall be accountable for the performance of its
    pemegang saham dalam Rapat Umum Pemegang Saham.                        duties to the shareholders in a General Meeting of Shareholders.
9. Direksi memberikan data dan informasi yang akurat, relevan          9. The Directors shall provide accurate, relevant and timely data
    dan tepat waktu kepada Dewan Komisaris.                                and information to the Board of Commissioners.
10. Direksi bertanggung jawab atas informasi apapun tentang            10. The Directors are responsible for any information about the
    Perseroan yang diumumkan oleh Perseroan.                               Company made public by the Company.
11. Direksi diharuskan untuk mempersiapkan:                            11. The Directors is required to prepare:
    a. Daftar pemegang saham, registrasi khusus, dan risalah               a. Shareholder register, special registration, and minutes of
         Rapat Umum Pemegang Saham (RUPS) dan rapat Direksi;                    General Meeting of Shareholders (“GMS”) and the Directors
    b. Laporan Tahunan sebagaimana diuraikan dalam Pasal 66                     meetings;
         Undang-Undang Kewajiban Terbatas dan dokumen keuangan             b. Annual Report described in article 66 of the Limited Liability
         Perseroan yang diuraikan dalam Undang-Undang tentang                   Law and financial documents of the Company described in
         Dokumen Perusahaan;                                                    the law on Corporate Documents;
12. Memelihara semua catatan Perseroan, notulen dan dokumen            12. Maintain all Company records, minutes and documents specified
    yang tertuang dalam huruf a dan b serta dokumen lain Perseroan.        in letters a and b as well as other documents of the Company.
    Sehubungan dengan huruf a di atas, seluruh pendaftaran                 As regards letter c above, all Company registration, minutes and
    Perusahaan, risalah dan dokumen disimpan di tempat kedudukan           documents are maintained at the Company’s domicile.
    Perseroan.
13. Anggota Direksi melapor kepada Perseroan mengenai                  13. Members of the Directors shall report to the Company any
    kepemilikan saham anggota atau anggota keluarganya di                  shareholding of the member or his/her family members in the
    Perseroan atau perusahaan lain untuk dicatat lebih lanjut dalam        Company or other companies for further recording in a special
    daftar khusus.                                                         register.
14. Direksi harus mengembangkan dan mewujudkan pelaksanaan             14. The Board of Directors shall develop and realize the
    Budaya Kepatuhan pada semua tingkat organisasi dan kegiatan            implementation of the Culture of Compliance at all levels of
    usaha Perusahaan.                                                      the organization and activities of the Company’s business.

Pembagian Tugas Direksi                                                Segregation of Duties of The Board of Directors
Perseroan membagi tugas Direksi agar setiap anggota dapat              The Company divides the duties of the Board of Directors to allow
menjalankan tanggung jawabnya secara optimal sesuai bidang             each member to do his/her responsibilities optimally according to
masing-masing. Pendekatan ini mendukung kelancaran operasional         the respective fields. This approach supports the smooth operations
dan pencapaian target perusahaan. Rincian tugas Direksi tercantum      and achievement of company targets. Detailed duties of the Board
dalam tabel berikut.                                                   of Directors are stated in the following table.




                                                                                                     PT Sawit Sumbermas Sarana Tbk     189
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         Nama                    Jabatan                                                    Tugas dan Tanggung Jawab
         Name                    Position                                                    Duties and Responsibilities

 Jap Hartono              Direktur Utama               Bertugas mengarahkan dan mengelola strategi bisnis Perseroan secara keseluruhan, termasuk menetapkan
                          President Director           strategi bisnis jangka Panjang, berkoordinasi dengan anak usaha, dan memastikan pelaksanaan kebijakan
                                                       Perseroan berjalan sesuai dengan prinsip GCG.
                                                       Responsible for directing and managing the Company’s overall business strategy, including establishing
                                                       long-term business strategies, coordinating with subsidiaries, and ensuring that the implementation of
                                                       corporate policies is carried out in accordance with GCG principles.

 Akhmad Faisyal           Direktur Operasional         Bertanggung jawab atas pengelolaan operasional harian, administratif, dan pelaksanaan strategi Perseroan.
                          Director of Operation        Responsible for managing the Company’s daily operations, administrative functions, and the implementation
                                                       of its corporate strategies.

 Jahja Tanudjaja Adelai   Direktur Keuangan            Bertanggung jawab penuh atas perencanaan keuangan, manajemen risiko, pencatatan data keuangan,
                          Director of Finance          serta pelaporan keuangan Perseroan.
                                                       Fully responsible for the Company’s financial planning, risk management, financial record-keeping, and
                                                       financial reporting.

 Roshan Chakravarthy Direktur Pemasaran                Bertanggung jawab atas strategi pemasaran, manajemen merek, penjualan, dan pengalaman pelanggan
 Valautham           Director of Marketing             serta fokus pada pertumbuhan bisnis Perseroan.
                                                       Responsible for marketing strategy, brand management, sales, and customer experience, with a focus on
                                                       driving the Company’s business growth.

 Henky Satrio Wibowo      Direktur Keberlanjutan       Bertugas merancang, mengawasi, dan memastikan implementasi strategi serta kebijakan ESG (Lingkungan,
                          Director of Sustainability   Sosial, Tata Kelola) di Perseroan agar operasional Perseroan selaras dengan tujuan keberlanjutan, serta
                                                       melaporkannya dalam laporan keberlanjutan. Selain itu, Direktur Keberlanjutan juga bertugas memantau
                                                       tren, mengevaluasi kinerja keberlanjutan, dan merekomendasikan pembaruan strategi agar perusahaan
                                                       tetap relevan dengan standar nasional dan global.
                                                       Responsible for formulating, overseeing, and ensuring the implementation of ESG (Environmental, Social,
                                                       and Governance) strategies and policies within the Company to ensure that its operations are aligned with
                                                       sustainability objectives, and for reporting such implementation in the sustainability report. In addition,
                                                       the Sustainability Director is responsible for monitoring trends, evaluating sustainability performance,
                                                       and recommending strategic updates to ensure that the Company remains aligned with national and
                                                       global standards.




Wewenang Direksi                                                                    Board of Directors Authority
Berdasarkan Piagam Direksi, https://cms.ssms.co.id/assets/pages-                    Based on the Board of Direcdtors Charter, https://cms.ssms.co.id/
assets/our-gcg-charter/document_20240502115201.pdf, Direksi                         assets/pages-assets/our-gcg-charter/document_20240502115201.
memiliki wewenang sebagai berikut:                                                  pdf, Board of Directors has authority as follows:
1. Dalam menjalankan tugasnya, Direksi berhak mewakili Perseroan                    1. In carrying out its duties, Directors authorized to represent the
   di dalam atau di luar pengadilan atas segala hal, dan dalam hal                      Company in and outside of court for any matters, binding the
   apapun, mengikat Perseroan dengan pihak lain dan pihak lain                          Company with other parties, as well as perform any actions
   dengan Perseroan, dan melakukan tindakan apapun, berkaitan                           related to managing and shareholding.
   dengan pengelolaan dan kepemilikan.
2. Direksi harus meminta persetujuan Dewan Komisaris, untuk:                        2. The Board of Directors shall seek approval from the Board of
                                                                                       Directors to:
    a. Meminjam atau meminjamkan uang atas nama Perseroan,                             a. Borrow or lending funds on behalf of the Company which
       yang jumlahnya melebihi 20% dari keseluruhan modal                                  exceeds 20% of the total issued and fully paid share capital
       ditempatkan dan disetor penuh;                                                      of the Company;
    b. Mendirikan suatu usaha atau turut serta mengambil saham                         b. Establish a business or participate in other companies both
       pada perusahaan lain baik di dalam maupun di luar negeri;                           at local and abroad;
    c. Mengikat Perseroan sebagai penjamin yang jumlahnya                              c. Binding the Company as guarantor that over 10% (ten
       melebihi 10% (sepuluh persen) dari keseluruhan modal                                percent) of the total issued and paid up capital by the
       ditempatkan dan disetor penuh oleh Perseroan;                                       Company;
    d. Melepaskan hak atau menjadikan jaminan harta kekayaan,                          d. Releasing rights or pledges a property, movable and
       baik barang bergerak maupun tidak bergerak milik                                    immovable property which exceeds 10% (ten percent) of
       Perseroan yang jumlahnya melebihi 10% (sepuluh persen)                              the issued and fully paid share capital of the Company.
       dari keseluruhan modal ditempatkan dan disetor penuh
       oleh Perseroan.




 190     Laporan Tahunan 2025 Annual Report
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                                                                                                               Tata Kelola Perusahaan
                                                                                                            Good Corporate Governance




3. Dalam hal Direksi bermaksud untuk melaksanakan perbuatan            3. In terms of the Board of directors hold the legal act of transferring,
   hukum untuk mengalihkan, melepaskan hak atau menjadikan                or the right to property owned by more than 50% (fifty percent)
   jaminan utang harta kekayaan Perseroan yang merupakan                  of total net worth (either financial statement), either in one
   lebih dari 50% (lima puluh persen) dari jumlah kekayaan bersih         transaction or several transactions that are independent or
   Perseroan (berdasarkan laporan keuangan konsolidasi auditan            related to each other in accordance with the Bill thus it should:
   yang terakhir), baik dalam satu transaksi atau beberapa transaksi
   yang berdiri sendiri ataupun yang berkaitan satu sama lain, maka:
   a. harus mendapatkan persetujuan RUPS yang dihadiri atau                a. Should get approval from the GMS was attended or
       diwakili para pemegang saham yang memiliki paling kurang               represented by shareholders at least ¾ (three fourth) of
       ¾ (tiga per empat) bagian dari jumlah seluruh saham dengan             the total number of shares with voting rights approved by
       hak suara yang sah dan disetujui oleh lebih dari ¾ (tiga per           more than ¾ (three fourth) of all shares in accordance with
       empat) bagian dari seluruh saham dengan hak suara yang                 the General Meeting of Shareholders with the prevailing laws
       sah yang hadir dalam RUPS dengan mengingat peraturan                   and regulations Capital market.
       perundang-undangan yang berlaku di bidang Pasar Modal.
   b. Apabila tidak mencapai quorum, maka RUPS kedua dapat                 b. In the absence of a quorum, a second GMS may be held for
       dilaksanakan untuk agenda tersebut, yang dihadiri atau                 the agenda, attended or represented by shareholders of at
       diwakili para pemegang saham yang memiliki paling kurang               least 2/3 (two thirds) of the total number placed with valid
       2/3 (dua per tiga) bagian dari jumlah seluruh saham yang               voting rights and approved by more than ¾ (three fourth) of
       ditempatkan Perseroan dengan hak suara yang sah dan                    the shares of all legal shares present at the GMS.
       disetujui oleh lebih dari 3/4 (tiga per empat) bagian dari
       seluruh saham dengan hak suara yang sah yang hadir dalam
       RUPS.
   c. Apabila quorum di RUPS kedua tidak tercapai,maka RUPS                c. If the quorum at the second GMS is not reached, then the
       ketiga dapat diadakan untuk agenda tersebut, yang dihadiri             GMS may be held for the agenda, which is attended by the
       oleh pemegang saham dengan hak suara yang sah dengan                   voter with the quorum and quorum of a decision established
       quorum kehadiran dan quorum keputusan ditetapkan oleh                  by the Financial Services Authority.
       Otoritas Jasa Keuangan.
4. Anggota Direksi tidak berwenang mewakili Perseroan dalam            4. Members who have a conflict of interest with the Company.
   hal Anggota Direksi memiliki benturan kepentingan dengan               In such circumstances, the right to represent the Company is
   Perseroan. Dalam keadaan tersebut, maka yang berhak mewakili           as follows:
   Perusahaan adalah sebagai berikut:
   a. anggota Direksi lainnya yang tidak memiliki benturan                 a. other Board of Director members who have no conflict of
       kepentingan dengan Perseroan;                                          interest with the Company;
   b. Dewan Komisaris saat seluruh anggota Direksi memiliki                b. Board of Commissioners when all the Board of Directors
       kepentingan yang bertentangan dengan kepentingan                       have conflict of interest with the Company.
       Perseroan.
5. Direksi dapat memberikan surat kuasa tertulis kepada satu (1)       5. The Board of Directors may provide a proxy to one (1) or more
   atau lebih karyawan Perseroan atau kepada orang lain untuk             employees or for any party for and on behalf of the Company to
   dan atas nama Perseroan untuk melakukan tindakan tertentu              perform certain actions stated in their proxy.
   yang tercantum dalam kuasanya.

Pendelegasian Wewenang Direksi                                         Delegation of the Board of Directors Authority
Ketentuan mengenai pendelegasian wewenang Direksi terdapat             Provisions regarding delegation of the Board of Directors authority
dalam Pedoman Tata Kelola Perseroan, https://cms.ssms.co.id/           is stipulated at the Governance Guidelines, https://cms.ssms.co.id/
assets/pages-assets/custom-page/gcg-policy/Pedoman_Tata-               assets/pages-assets/custom-page/gcg-policy/Pedoman_Tata-
Kelola-Perusahaan.pdf, di mana Direksi dapat memberikan kuasa          Kelola-Perusahaan.pdf, where the Board of Directors may grant
khusus kepada setiap karyawan perusahaan untuk melakukan               special authorities to each employee to carry out certain legal actions
tindakan hukum tertentu untuk atau atas nama perusahaan. Tindakan      on behalf of the company. This special act must be regulated in a
hukum khusus ini harus diatur dalam surat kuasa yang berlaku hanya     power of attorney that applies only to the specific action (Article 103
untuk tindakan khusus (Pasal 103 UUPT, Pasal 14 (6) Anggaran Dasar).   of Company Law, Article 14 paragraph 6 of the Company’s Articles
                                                                       of Association).

KEANGGOTAAN DIREKSI                                                    MEMBERSHIP OF THE BOARD OF DIRECTORS

Di tahun 2025, anggota Direksi Perseroan terdiri dari lima orang       In 2025, the Company’s Board of Directors consisted of five members.
anggota. Komposisi Direksi Perseroan telah memenuhi ketentuan          This composition is in line with the provisions of POJK No. 33/
Peraturan OJK No. 33/POJK.04/2014 tentang tentang Direksi dan          POJK.04/2014 on the Board of Directors and Board of Commissioners
Dewan Komisaris untuk Emiten atau Perusahaan Publik (“POJK             of Issuers or Public Companies (“POJK No. 33”).
No 33”).

                                                                                                       PT Sawit Sumbermas Sarana Tbk       191
Page 192
Persyaratan Keanggotaan                                                         Membership Requirements
Dalam menentukan anggota Direksi, Perseroan memiliki persyaratan                In appointing members of the Board of Directors, the Company
seperti yang tertuang dalam Piagam Direksi, https://cms.ssms.co.id/             has specific requirements that stipulated in the Board Manual of
assets/pages-assets/our-gcg-charter/document_20240502115201.                    Directors, https://cms.ssms.co.id/assets/pages-assets/our-gcg-
pdf.                                                                            charter/document_20240502115201.

Masa Jabatan                                                                    Term of Office
Masa jabatan anggota Direksi Perseroan adalah sejak diangkat                    The term of office of members of Company’s Board of Directors
oleh Rapat Umum Pemegang Saham (RUPS) untuk jangka waktu                        commenced upon their appointment by the GMS and continues until
sampai dengan penutupan RUPS Tahunan yang ke-5 (lima)                           the close of the 5th (fifth) Annual GMS following such appointment,
setelah pengangkatan tersebut, sesuai dengan Piagam Direksi,                    according to Board of Directors Charter, https://cms.ssms.co.id/
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                     assets/pages-assets/our-gcg-charter/document_20240502115201.
document_20240502115201.pdf.                                                    pdf.

Prosedur Pengangkatan dan Pemberhentian                                         Procedures for Appointment and Dismissal
Perseroan telah memiliki prosedur pengangkatan dan pemberhentian                The Company has procedures to appoint and dismiss the member
anggota Direksi, berdasarkan pada Piagam Direksi, https://                      of Board of Directors, based on the Board of Directors Charter,
cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                             https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115201.pdf.                                                    document_20240502115201.pdf.

Komposisi Anggota Direksi                                                       Composition of The Board of Directors
Adapun komposisi anggota Direksi Perseroan per 31 Desember                      The composition of the Company’s Board of Directors as of December
2025, sebagai berikut:                                                          31, 2025, is as follows:


         Nama             Jabatan               Dasar Pengangkatan                                Masa Jabatan                 Periode Jabatan
         Name             Position                  Legal Basis                                   Term of Office                    Period

 Jap Hartono              Direktur    Akta No. 62 Tanggal 25 April 2024 yang dibuat   25 April 2024- RUPS Tahunan 2029          Periode pertama
                          Utama       oleh Notaris Aulia Taufani, S.H.                April 25, 2024 – 2029 Annual GMS              1 st Period
                          President   Deed No. 62 dated April 25, 2024 made by
                          Director    Notary Aulia Taufani, SH.

 Akhmad Faisyal           Direktur    Akta No. 62 Tanggal 25 April 2024 yang dibuat   25 April 2024- RUPS Tahunan 2029          Periode pertama
                          Director    oleh Notaris Aulia Taufani, S.H.                April 25, 2024 – 2029 Annual GMS              1 st Period
                                      Deed No. 62 dated April 25, 2024 made by
                                      Notary Aulia Taufani, SH.
 Jahja Tanudjaja Adelai   Direktur    Akta No. 88 tanggal 21 April 2025 yang dibuat 21 April 2025- RUPS Tahunan 2030            Periode pertama
                          Director    oleh Notaris Jimmy Tanal S.H., M.Kn.          April 21, 2025 – 2030 Annual GMS                1 st Period
                                      Deed No. 88 dated April 21, 2025 made by
                                      Notary Jimmy Tanal, SH., M. Kn.

 Roshan Chakravarthy Direktur         Akta No. 88 tanggal 21 April 2025 yang dibuat 21 April 2025- RUPS Tahunan 2030            Periode pertama
 Valautham           Director         oleh Notaris Jimmy Tanal S.H., M.Kn           April 21, 2025 – 2030 Annual GMS                1 st Period
                                      Deed No. 88 dated April 21, 2025 made by
                                      Notary Jimmy Tanal, SH., M. Kn.

 Henky Satrio Wibowo      Direktur    Akta No. 221 tanggal 30 Oktober 2025 yang       30 Oktober 2025- RUPS Tahunan 2030        Periode pertama
                          Director    dibuat oleh Notaris Jimmy Tanal S.H., M.Kn.     October 30, 2025 – 2030 Annual GMS            1 st Period
                                      Deed No. 221 dated October 30, 2025 made
                                      by Notary Jimmy Tanal, SH., M. Kn.


Independensi Direksi                                                            Independence of the Board of Directors
Perseroan memastikan seluruh anggota Direksi melaksanakan                       The Company ensures that all members of the Board of Directors
tugas dan tanggung jawab secara independen. Ketentuan mengenai                  perform their duties and responsibilities independently. The
independensi Direksi, khususnya Direktur Independen tertuang                    independence criteria for members of the Board of Directors,
dalam Piagam Direksi, https://cms.ssms.co.id/assets/pages-assets/               particularly Independent Directors, are stipulated in the Board of
our-gcg-charter/document_20240502115201.pdf, dan Pedoman Tata                   Directors Charter, https://cms.ssms.co.id/assets/pages-assets/
Kelola, https://cms.ssms.co.id/assets/pages-assets/custom-page/                 our-gcg-charter/document_20240502115201.pdf, and Governance
gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.                                  guidelines, https://cms.ssms.co.id/assets/pages-assets/custom-
                                                                                page/gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.




 192     Laporan Tahunan 2025 Annual Report
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                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Setiap anggota Direksi wajib menjunjung tinggi prinsip integritas,    Each member of the Board of Directors is required to uphold the
dan mengutamakan kepentingan perusahaan di atas kepentingan           integrity principle, and prioritizing the company interest before
pribadi. Anggota Direksi juga telah menandatangani Pernyataan         personal interest. Members of the Board of Directors have also
Komitmen/Pakta Integritas yang mencerminkan kesungguhan dalam         signed a Statement of Commitment/Integrity Pact reflecting
menjaga profesionalisme sebagai landasan pengelolaan operasional.     sincerity in maintaining professionalism as the basis of operational
                                                                      management.

RANGKAP JABATAN DAN BENTURAN                                          CONCURRENT POSITION AND
KEPENTINGAN ANGGOTA DIREKSI                                           CONFLICT OF INTEREST FOR MEMBER
                                                                      OF THE BOARD OF DIRECTORS

Rangkap Jabatan                                                       Concurrent Position
Ketentuan mengenai rangkap jabatan anggota DIreksi Perseroan          Provisions regarding multiple positions held by members of the
tertuang dalam piagam Direksi, https://cms.ssms.co.id/assets/         Company’s Board of Directors are set out in the Board of Directors
pages-assets/our-gcg-charter/document_20240502115201.pdf dan          Charter, https://cms.ssms.co.id/assets/pages-assets/our-gcg-
pedoman Tata Kelola, https://cms.ssms.co.id/assets/pages-assets/      charter/document_20240502115201.pdf, and Governance guidelines,
custom-page/gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.            https://cms.ssms.co.id/assets/pages-assets/custom-page/gcg-
                                                                      policy/Pedoman_Tata-Kelola-Perusahaan.pdf.

Dalam ketentuan tersebut, anggota Direksi dapat memiliki jabatan      Under these provisions, members of the Board of Directors may
lebih dari satu, sesuai fungsi-fungsi berikut:                        hold more than one position in the following capacities:
1. Anggota Direksi paling banyak pada 1 (satu) Emiten atau            1. As member of the Board of Directors of a maximum of 1 (one)
    Perusahaan Publik lain;                                               Issuers or other Public Companies.
2. Anggota Dewan Komisaris paling banyak pada 3 (tiga) Emiten         2. As member of the Board of Commissioners of a maximum of 3
    atau Perusahaan Publik lain; dan/atau;                                (three) Issuers or other Public Companies.
3. Anggota komite paling banyak pada 5 (lima) komite di Emiten atau   3. As Committee member of a maximum of 5 (five) Committees
    Perusahaan Publik dimana yang bersangkutan juga menjabat              in Issuers or other Public Companies where he/she acts as a
    sebagai anggota Direksi atau anggota Dewan Komisaris.                 member of Board of Directors or Board of Commissioners.

Informasi mengenai rangkap jabatan anggota Direksi diungkapkan        Information regarding concurrent positions of members of the Board
dalam Profil Direksi pada bab Profil Perusahaan.                      of Directors is disclosed in the Profile of the Company’s Board of
                                                                      Directors in the Company Profile chapter.

Benturan Kepentingan                                                  Conflict of Interest
Untuk mencegah benturan kepentingan akibat rangkap jabatan            To preventing conflict of interests from concurrent positions, as
serta menjaga independensi dan profesionalisme, maka anggota          well as maintaining independence and professionalism, members of
Direksi wajib mematuhi ketentuan berikut.                             Board of Directors are required to comply the following provisions.
1. Menghindari posisi yang menempatkan kepentingan pribadi            1. Avoid position that put personal interests to conflict with
    bertentangan dengan kewajiban terhadap Perseroan.                     obligations to the Company.
2. Melaporkan segera kepada Direktur Utama dan anggota                2. Immediately report to President Director and other member of
    Direksi lainnya jika terdapat benturan atau potensi benturan          the Board of Directors if there is a conflict or potential conflict
    kepentingan, serta menyertakan informasi relevan.                     of interests, and provide relevant information.
3. Tidak terlibat dalam pengambilan keputusan yang berkaitan          3. Not involved in the decision-making related to the conflict of
    dengan konflik kepentingan yang dimiliki.                             interests.

Adapun ketentuan mengenai benturan kepentingan Direksi dapat          Provisions regarding conflict of interest of the Board of Directors
dilihat pada Pedoman Tata Kelola Perseroan, https://cms.ssms.         could be seen at the Company’s Governance Guidelines,https://
co.id/assets/pages-assets/custom-page/gcg-policy/Pedoman_             cms.ssms.co.id/assets/pages-assets/custom-page/gcg-policy/
Tata-Kelola-Perusahaan.pdf.                                           Pedoman_Tata-Kelola-Perusahaan.pdf.

PENGEMBANGAN KOMPETENSI                                               COMPETENCY DEVELOPMENT FOR
ANGGOTA DIREKSI                                                       MEMBER OF THE BOARD OF DIRECTORS

Kebijakan Pelatihan                                                   Training Policy
Perseroan memiliki kebijakan pelatihan bagi setiap insan Perseroan,   The Company has training policy for all of the Company’s employees,
termasuk Direksi yang tertuang dalam pedoman Tata Kelola, https://    including Board of Directors as stipulated in the Governance
cms.ssms.co.id/assets/pages-assets/custom-page/gcg-policy/            Guidelines, https://cms.ssms.co.id/assets/pages-assets/custom-
Pedoman_Tata-Kelola-Perusahaan.pdf.                                   page/gcg-policy/Pedoman_Tata-Kelola-Perusahaan.pdf.


                                                                                                     PT Sawit Sumbermas Sarana Tbk     193
Page 194
Pelaksanaan                                                                   Implementation
Perseroan mengadakan pelatihan bagi Direksi, termasuk program                 The Company conducted training programs for the Board of
orientasi/pengenalan Perseroan bagi Anggota Direksi baru yang                 Directors, including an orientation/induction program for new
dilakukan guna memberikan pemahaman mengenai tugas dan                        member of the Board of Directors. This program is designed
tanggung jawab sebagai anggota Direksi agar dijalankan dengan                 to provide a comprehensive understanding of their roles and
sebaik-baiknya. Program pengenalan diberikan dalam bentuk                     responsibilities to ensure effective execution of their duties. The
presentasi, pertemuan, kunjungan ke fasilitas Perseroan atau                  orientation is delivered through presentations, meetings, site visits
program lainnya.                                                              to the Company’s facilities, and other relevant programs.

Di tahun 2025, Perseroan melaksanakan program pengenalan kepada               In 2025, the Company conducted an induction program for new
Direksi baru, yaitu Tuan Jahja Tanudjaja Adelai dan Tuan Roshan               members of the Board of Directors, namely Mr Jahja Tanudjaja
Chakravarthy Valautham. Adapun untuk Tuan Henky Satrio Wibowo,                Adelai and Mr Roshan Chakravarthy Valautham. For Mr Henky Satrio
Perseroan tidak menyelenggarakan program orientasi/pengenalan                 Wibowo, the Company did not conduct an induction program due to
Perseroan kepada beliau dikarenakan beliau merupakan mantan                   Mr Henky Satrio Wibowo previously served as the Company’s Head
Kepala Unit Keberlanjutan Perseroan yang diangkat menjadi Direktur            of Sustainability Department prior to being appointed as Director
Keberlanjutan.                                                                of Sustainability.

Berikut pelatihan Direksi di tahun 2025:                                      The following training programs for the Board of Directors were
                                                                              conducted in 2025:


           Nama dan Jabatan                     Materi Pendidikan/Pelatihan                  Tempat/Tanggal                Penyelenggara
           Name and Position                    Training/Education Material                    Place/Date                    Organizer

 Jap Hartono                               Navigating Complexity, Driving Growth: Bali, 12 – 14 November 2025                   GAPKI
 Direktur Utama                            Governance, Biofuel Policy and Global Trade Bali, November 12 – 14, 2025
 President Director

 Roshan Chakravarthy Valautham
 Direktur
 Director                                  36th Palm & Lauric Oils Price Outlook Kuala Lumpur, 24 – 26 February             Bursa Malaysia
                                           Conference & Exhibition (POC2025)     2025                                  Malaysia Stock Exchange
                                                                                 Kuala Lumpur, February 24 -2
                                                                                 6, 2025

                                           Navigating Complexity, Driving Growth: Bali, 12 – 14 November 2025                   GAPKI
                                           Governance, Biofuel Policy and Global Trade Bali, November 12 – 14, 2025


RAPAT DIREKSI                                                                 MEETING OF THE BOARD OF DIRECTORS

Kebijakan Rapat Direksi                                                       Board of Directors Meeting Policy
Kebijakan rapat Direksi tertuang pada Piagam DIreksi, https://                The Board of Directors meeting policy is stipulated in the Board of
cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                           Directors Charter, https://cms.ssms.co.id/assets/pages-assets/
document_20240502115201.pdf.                                                  our-gcg-charter/document_20240502115201.pdf.

Direksi diwajibkan mengadakan rapat internal secara berkala minimal           The Board of Directors is required to convene internal meetings on
1 (satu) kali dalam 1 (satu) bulan. Sedangkan rapat bersama Dewan             a regular basis at least 1 (one) time every 1 (one) months. While the
Komisaris, dilakukan secara berkala paling kurang 1 (satu) kali dalam         joint meetings with the Board of Commissioners is held periodically
4 (empat) bulan.                                                              at least 1 (one) in 4 (four) months.

Rapat dapat diadakan secara fisik atau non-fisik melalui                      Meeting can be held either physical or non-physical through
telekonferensi, video konferensi, atau media elektronik lainnya.              teleconference, video conference, or other electronic media. If a
Jika anggota Dewan Komisaris berhalangan hadir, mereka dapat                  member of the Board of Commissioners unable to attend, he/she
menunjuk anggota lain sebagai perwakilan dengan surat kuasa                   can appoint other member as representative with a special power
khusus.                                                                       of attorney.

Frekuensi rapat dan tingkat kehadiran Direksi dalam Rapat Direksi,            The frequency of meetings and the attendance rate of the Board
rapat Direksi bersama Dewan Komisaris dan tingkat kehadiran                   of Directors at internal meetings, joint meetings with the Board of
anggota Direksi dalam rapat tersebut termasuk kehadiran dalam                 Commissioners, and participation in the GMS are as follows:
RUPS adalah sebagai berikut:




 194     Laporan Tahunan 2025 Annual Report
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                                                                                                                                                       Tata Kelola Perusahaan
                                                                                                                                                    Good Corporate Governance




                                                                                          Rapat Dewan Komisaris
                                           Rapat Internal Direksi
                                                                                               dengan Direksi                                             RUPS
                                            Board of Directors
                                                                                      Board of Commissioners Meeting                                      GMS
                                             Internal Meeting
                                                                                        with the Board of Directors
  Nama dan Jabatan
  Name and Position                                                                   Jumlah
                                 Jumlah            Jumlah                                              Jumlah                      Kehadiran     Kehadiran      Jumlah
                                                                                       Rapat
                                  Rapat          Kehadiran                                           Kehadiran                       RUPST        RUPSLB      Kehadiran
                                                                          %           Number                             %                                                      %
                                Number of           Total                                               Total                      Attendance    Attendance      Total
                                                                                        of
                                meetings         Attendance                                          Attendance                     in AGMS       in EGMS     Attendance
                                                                                      meetings

Jap Hartono                                12                12               100               4                 4       100               1             2            3             100
Direktur Utama
President Director

Akhmad Faisyal                             12                12               100               4                 4       100               1             2            3             100
Direktur
Director

Jahja Tanudjaja Adelai*                    12                 8                 67              4                 3           75            -             1            1             100
Direktur
Director

Roshan Chakravarthy                        12                 8                 67              4                 3           75            -             1            1             100
Valautham*
Direktur
Director

Henky Satrio Wibowo**                      12                 2                 17              4                 1           25            -             -            -             100
Direktur

Rata-rata kehadiran                       60                 42                 70            20                 15           75            2             6            8             100
Attendance Rate
Keterangan | Remarks:
*) Jahja Tanudjaja Adelai dan Roshan Chakravarthy Valautham efektif menjabat sebagai Direktur Perseroan per 21 April 2025.
*) Jahja Tanudjaja Adelai and Roshan Chakravarthy Valautham officially served as Director of the Company on April 21, 2025.
**) Henky Satrio Wibowo efektif menjabat sebagai Direktur Perseroan per 30 Oktober 2025.
**) Henky Satrio Wibowo officially served as Director of the Company on October 30, 2025.


                                                                                        Agenda Rapat Internal
No
                                                                                       Internal Meeting Agenda
  1     Evaluasi kinerja operasional dan keuangan Perseroan kuartal IV – 2024
        Evaluation of the Company’s operational and financial performance for the fourth quarter of 2024

 2      Pembahasan realisasi RKAP 2024 dan Target 2025
        Discussion on the realization of the 2024 Annual Work Plan and Budget (RKAP) and targets for 2025.

 3      Pembahasan strategi peningkatan produktivitas perkebunan, serta strategi pemasaran dan penjualan
        Discussion on strategies to improve plantation productivity, as well as marketing and sales strategies.

 4      Evaluasi kinerja operasional dan keuangan Perseroan kuartal I – 2025
        Evaluation of the Company’s operational and financial performance for the first quarter of 2025.

 5      Pembahasan strategi keberlanjutan Perseroan dan implementasi ESG
        Discussion on the Company’s sustainability strategy and ESG implementation.

 6      Pembahasan rencana dan realisasi akuisisi PT Sawit Mandiri Lestari (SML) dan rencana RUPS LB dan Independen
        Discussion on the plan and realization of the acquisition of PT Sawit Mandiri Lestari (SML), as well as the plan to convene the Extraordinary and Independent
        General Meeting of Shareholders.

 7      Evaluasi kinerja operasional dan keuangan Perseroan Semester I – 2025
        Evaluation of the Company’s operational and financial performance for the first semester of 2025

 8      Pembahasan integrasi operasional dan sinergi pasca akuisisi SML
        Discussion on post-acquisition operational integration and synergies of SML.

 9      Pembahasan fasilitas kredit sindikasi dan dampaknya terhadap struktur keuangan Perseroan serta pembahasan pelaksanaan RUPS LB dan Independen
        Discussion on syndicated loan facilities and their impact on the Company’s financial structure, as well as the implementation of the Extraordinary and
        Independent General Meeting of Shareholders.

 10     Evaluasi kinerja operasional dan keuangan Perseroan Kuartal III – 2025
        Evaluation of the Company’s operational and financial performance for the third quarter of 2025.

 11     Pembahasan penggunaan dana kredit sindikasi untuk refinancing, ekspansi, dan modal kerja
        Discussion on the utilization of syndicated loan funds for refinancing, expansion, and working capital.

 12     Pembahasan RKAP 2026 dan proyeksi kinerja tahun 2026
        Discussion on the 2026 Annual Work Plan and Budget (RKAP) and performance projections for 2026.




                                                                                                                                                PT Sawit Sumbermas Sarana Tbk       195
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KINERJA DIREKSI                                                                     PERFORMANCE OF THE BOARD OF DIRECTORS

Di tahun 2025, Direksi Perseroan telah melaksanakan tugas dan                       In 2025, the Company’s Board of Directors has implemented his roles
tanggung jawabnya sesuai dengan Pedoman Kerja Direksi, di                           and responsibilities, according to the Board Manual of Directors
antaranya adalah sebagai berikut:                                                   including:


               Uraian Tugas                                                                   Realisasi Tahun 2025
            Description of Duties                                                               2025 Realization
 Direksi bertanggung jawab penuh atas              Direksi menjalankan tugas dengan penuh tanggung jawab dalam mengelola Perseroan sesuai pedoman dan
 pengelolaan Perseroan.                            peraturan yang berlaku. Hal ini dapat dilihat dari Laporan Tahunan dan Laporan Keuangan Perseroan.
 The Board of Directors is fully responsible for   The Board of Directors carried out its duties with full responsibility in managing the Company according to the
 the management of the Company.                    applicable guidelines and regulations. It can be seen from the Company’s Annual Report and Financial Statement.

 Direksi menjalankan Perseroan sesuai              Direksi telah menjalankan kewenangannya sesuai Anggaran Dasar, Pedoman Tata Kelola dan Piagam Direksi.
 dengan kewenangan dan tanggung jawabnya           Di tahun 2025, Direksi telah mengeluarkan 5 Keputusan Direksi terkait dengan Keputusan strategis di bidang
 sebagaimana diatur dalam Anggaran Dasar,          keuangan, pengembangan, operasional, sumber daya manusia, keberlanjutan, pemasaran dan CSR. Selain itu,
 Pedoman Tata Kelola dan Piagam Direksi.           Direksi juga telah melakukan beberapa tindakan yang memerlukan persetujuan tertulis dari Dewan Komisaris,
 The Board of Directors carry out the Company      diantaranya:
 according to its authority and responsibility     1. Rancangan Rencana Kerja dan Anggaran Perusahaan (RKAP).
 as regulated in the Articles of Association,      2. Rencana RUPS Tahun Buku 2024 yang dilaksanakan pada 21 April 2025.
 Governance Guidelines and Board of Directors      3. Aksi korporasi berupa pembelian aset yang sifatnya penting.
 Charter.                                          4. Transaksi pinjaman dari Perseroan kepada pihak terafiliasi, PT Sawit Mandiri Lestari.
                                                   5. Transaksi pinjaman yang jumlahnya melebihi 20% dari keseluruhan modal ditempatkan dan disetor
                                                        penuh oleh Perseroan.
                                                   The Board of Directors has exercised its authority according to the Articles of Association, Governance
                                                   Guidelines and Board of Directors Charter. In 2025, the Board of Directors has issued 5 Decisions of the Board
                                                   of Directors related to strategic decisions in the fields of finance, development, operations, human resources,
                                                   sustainability, marketing and CSR. In addition, the Board of Directors has undertaken several actions requiring
                                                   written approval from the Board of Commissioners, including the following:
                                                   1. The Draft Annual Work Plan and Budget (RKAP).
                                                   2. The plan for the General Meeting of Shareholders for the 2024 Financial Year, held on April 21, 2025.
                                                   3. A corporate action in the form of the acquisition of material assets.
                                                   4. A loan transaction from the Company to an affiliated party, PT Sawit Mandiri Lestari.
                                                   5. A loan transaction with a value exceeding 20% of the Company’s total issued and fully paid-up
                                                        capital.
 Menghadiri rapat, baik rapat Direksi, rapat       Direksi Perseroan telah melaksanakan 12 rapat Direksi, 4 (empat) rapat gabungan dengan Dewan Komisaris, dan
 gabungan dengan Dewan Komisaris, maupun           3 (tiga) Rapat Umum Pemegang Saham dengan tingkat kehadiran keseluruhan rapat rata-rata 78%. Rendahnya
 Rapat Umum Pemegang Saham (RUPS)                  tingkat kehadiran Direksi dalam rapat dikarenakan adanya anggota Direksi baru yang efektif pada 21 April 2025
 Attending meeting, either Board of Directors      dan 30 Oktober 2025, sehingga efektivitas tingkat kehadiran rapat anggota Direksi tidak optimal.
 meeting, joint meeting with Commissioners, or
 General Meeting of Shareholders (GMS)             Anggota Direksi juga menghadiri seluruh RUPS yang diselenggarakan di tahun 2025, baik RUPST, RUPSLB,
                                                   maupun RUPS Independen, namun tingkat kehadirannya belum optimal dikarenakan adanya anggota Direksi
                                                   baru yang efektif pada 21 April 2025 dan 30 Oktober 2025.

                                                   The Company’s Board of Directors held 12 Board of Directors meetings, 4 (four) joint meetings with the Board
                                                   of Commissioners, and 3 (three) General Meetings of Shareholders, with an overall average attendance rate of
                                                   78%. The relatively low attendance rate of the Board of Directors in these meetings was due to the appointment
                                                   of new members of the Board of Directors, which became effective on 21 April 2025 and 30 October 2025,
                                                   resulting in less optimal meeting attendance effectiveness.

                                                   Member of the Board of Directors also attended all General Meetings of Shareholders held in 2025, including
                                                   the Annual GMS (AGMS), the Extraordinary GMS (EGMS), and the Independent GMS, however, the attendance
                                                   rate was not yet optimal due to the appointment of new members of the Board of Directors, which became
                                                   effective on 21 April 2025 and 30 October 2025.

 Direksi harus menindaklanjuti temuan audit dan    Di tahun 2025, jumlah audit report sebanyak 126 laporan. Direksi mengadakan rapat berkala dengan Unit Audit
 rekomendasi yang dibuat oleh unit kerja audit     Internal untuk membahas temuan, rekomendasi, serta prioritas tindakan yang harus diambil. Hingga akhir
 internal Perseroan dan auditor eksternal, dan     tahun 2025, jumlah Audit Report yang telah ditindaklanjuti oleh Direksi sudah 100%.
 hasil pengawasan oleh Otoritas Jasa Keuangan
 dan/atau otoritas pengawas lainnya.               In 2025, the number of audit reports will be 126 reports. The Board of Directors holds periodic meetings with
 The Board of Directors shall follow up audit      the Internal Audit Unit to discuss findings, recommendations, and priority actions to be taken. Until the end
 findings of and recommendations made by the       of 2025, the number of Audit Reports that have been followed up by the Board of Directors has reached 100%.
 Company’s internal audit work unit and external
 auditor, and supervision results by Financial
 Services Authority and/or other overseeing
 authorities.




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               Uraian Tugas                                                                  Realisasi Tahun 2025
            Description of Duties                                                              2025 Realization

 Anggota Direksi wajib melapor kepada              Anggota Direksi telah melaporkan kepemilikan saham pribadi atau saham yang dimiliki oleh keluarga kepada
 Perseroan mengenai kepemilikan saham              Perusahaan dan telah dilaporkan juga kepada Otoritas Jasa Keuangan dan Bursa Efek Indonesia setiap bulannya.
 anggota atau anggota keluarganya di Perseroan     Members of the Board of Directors have reported personal ownership of shares or shares owned by family
 atau perusahaan lain untuk dicatat lebih lanjut   members to the company. This information is presented in Company Profile of this Annual Report.
 dalam daftar khusus.
 Members of the Board of Directors shall report
 any ownership of shares by member or family
 members in the Company or other companies
 for further recording in a special register.



PENILAIAN KINERJA DIREKSI                                                          PERFORMANCE ASSESSMENT OF
                                                                                   THE BOARD OF DIRECTORS

Prosedur dan Kriteria Penilaian                                                    Assessment Procedure, and Criteria
Setiap tahun, Dewan Komisaris melakukan penilaian atas kinerja                     The Board of Commissioners annually evaluates the performance
Direksi. Penilaian kinerja Direksi dilakukan berdasarkan kriteria yang             of Board of Directors. The performance assessment of the Board
telah ditetapkan dalam kontrak kerja antara Direksi dan Perseroan,                 of Directors is conducted based on the criteria established in the
serta Key Performance Indicators (KPI) dan target yang telah                       work contract between the Board of Directors and the Company,
disepakati dalam rencana kerja tahunan. Hasil penilaian disampaikan                as well as Key Performance Indicators (KPI) and target approved in
dalam RUPS oleh Dewan Komisaris.                                                   the annual work plan. This assessment results are submitted at the
                                                                                   GMS by Board of Commissioners.

Kriteria penilaian anggota Direksi, meliputi:                                      The assessment criteria for member of the Board of Directors,
                                                                                   including:
1. Target kinerja operasional;                                                     1. Operational performance targets;
2. Target kinerja keuangan;                                                        2. Financial performance targets;
3. Target kepatuhan peraturan yang berlaku;                                        3. Compliance targets to the applicable regulations;
4. Target pengembangan perusahaan, termasuk pengembangan                           4. Company development targets, including developments of
   karyawan dan pemangku kepentingan lainnya; serta                                    employees and other stakeholders; and
5. Target efektivitas integrasi bisnis hulu dan hilir.                             5. Effectiveness targets of upstream and downstream business
                                                                                       integration.

Hasil Penilaian                                                                    Assessment Result
Berdasarkan hasil penilaian kinerja tahun 2025, Direksi dinyatakan                 Based on the 2025 performance assessment result, the Board
telah menjalankan tugas dan tanggung jawab sesuai ketentuan yang                   of Directors is considered to have carried out the duties and
berlaku. Hasil penilaian ini menjadi dasar untuk:                                  responsibilities according to the applicable provisions. The
                                                                                   assessment results are used as the basis to:
1. Memberikan pelunasan dan pembebasan sepenuhnya (volledig                        1. Give full release and discharge (volledig acquit et de charge);
   acquit et de charge);
2. Menentukan struktur dan besaran remunerasi Dewan Komisaris;                     2. Determine the remuneration structure and amount for the Board
   serta                                                                              of Directors; and
3. Menetapkan langkah perbaikan yang perlu dilakukan oleh Dewan                    3. Determine the corrective steps to be taken by the Board of
   Komisaris untuk periode selanjutnya.                                               Directors for the subsequent period.

PENILAIAN KINERJA KOMITE DI BAWAH DIREKSI                                          PERFORMANCE ASSESSMENT OF COMMITTEES
                                                                                   UNDER THE BOARD OF DIRECTORS

Perseroan tidak memiliki komite yang mendukung pelaksanaan                         The Company does not have any committees that support the Board
tugas Direksi, sehingga informasi tersebut tidak dapat disajikan                   of Directors’ duties, therefore, such information cannot be presented
dalam laporan ini.                                                                 in this report.




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Page 198
Nominasi dan Remunerasi Dewan Komisaris Dan Direksi
Nomination and Remuneration of The Board of Commissioners and
Directors



NOMINASI DEWAN KOMISARIS DAN DIREKSI                                                                     NOMINATION OF THE BOARD OF COMMISSIONERS
                                                                                                         AND DIRECTORS

Kebijakan Nominasi                                                                                       Nomination Policy
Kebijakan nominasi terkait Dewan Komisaris dan Direksi Perseroan                                         The nomination policy relating to the Company’s Board of
mengacu pada Anggaran Dasar, UUPT No.40 Tahun 2007, Peraturan                                            Commissioners and Directors refers to the Articles of Association,
Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan                                           Company Law No. 40 of 2007, Financial Services Authority Regulation
Dewan Komisaris Emiten atau Perusahaan Publik, Peraturan Otoritas                                        No. 33/POJK.04/2014 concerning the Directors and Commissioners
Jasa Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi dan                                            of Issuers or Public Companies, Financial Services Authority
Remunerasi Emiten atau Perusahaan Publik, Peraturan Otoritas Jasa                                        Regulation No. 34/POJK.04/2014 concerning the Nomination and
Keuangan No. 21/POJK.04/2015 tentang Penerapan Pedoman Tata                                              Remuneration Committee of Issuers or Public Companies, Financial
Kelola Perusahaan Terbuka, serta peraturan lainnya yang berlaku.                                         Services Authority Regulation No. 21/POJK.04/2015 concerning the
                                                                                                         Implementation of Corporate Governance Guidelines for Public
                                                                                                         Company, and other applicable regulations.

Kebijakan tersebut memuat mengenai fungsi nominasi yang                                                  This policy establishes the nomination function carried out by the
dijalankan oleh Dewan Komisaris Perseroan, dibantu oleh Komite                                           Company’s Board of Commissioners, assisted by the Nomination
Nominasi dan Remunerasi hingga akhirnya diputuskan di dalam                                              and Remuneration Committee, with the final decision made through
RUPS.                                                                                                    the GMS.

Prosedur Nominasi                                                                                        Nomination Procedures
Berikut adalah tahapan nominasi Dewan Komisaris dan Direksi                                              The following are the stages of the nomination process for the
Perseroan:                                                                                               Company’s Board of Commissioners and Directors:


         Identifikasi kebutuhan                 Anggota Dewan Komisaris, Direksi dan               Calon yang direkomendasikan            Pengajuan calon kepada Rapat Umum
     pengangkatan atau pergantian           Pemegang Saham dapat mengajukan calon             wajib mengikuti uji kelayakan untuk          Pemegang Saham (RUPS) untuk
  Dewan Komisaris dan/atau Direksi.            kandidat potensial, baik dari eksternal      memastikan memenuhi syarat integritas,      memperoleh persetujuan pengangkatan.
    The Company identifies the need                       maupun internal.                     kompetensi, dan profesionalisme.         Submission the candidates to the General
  for the appointment or replacement        Members of the Board of Commissioners, the       Recommended candidates are required           Meeting of Shareholders (GMS) for
       of members of the Board of           Directors, and the Shareholders may propose         to undergo a fit and proper test to          approval of the appointment.
  Commissioners and/or the Directors.      potential candidates, whether from external or    ensure that they meet the requirements
                                                          internal sources.                       of integrity, competence, and
                                                                                                         professionalism.
        Identifikasi Kebutuhan                        Pengajuan Calon Kandidat                            Uji Kelayakan                            Persetujuan RUPS
          Needs Identification                       Nomination of Candidates                         Fit and Proper Test                           GMS Approval




                             Penetapan Kriteria                                  Proses Seleksi                                 Pembahasan                                   Pengangkatan
                            Criteria Determination                              Selection Process                                Discussion                                   Appointment

                    Kriteria calon berdasarkan kompetensi,                Seleksi, penilaian kelayakan, dan           Penyampaian rekomendasi calon                Penetapan resmi dan keterbukaan
                integritas, pengalaman, dan kepatuhan POJK.               penyusunan rekomendasi calon.                kepada Dewan Komisaris untuk                   informasi kepada OJK & BEI.
                   Candidate criteria based on competence,                    Screening, fit and proper                   memperoleh persetujuan.                  Official appointment and disclosure
                integrity, experience, and compliance with OJK             assessment, and preparation of              Submission of the recommended                  of information to the Financial
                                   regulations.                             candidate recommendations.                   candidate(s) to the Board of               Services Authority (OJK) and the
                                                                                                                      Commissioners to obtain approval.             Indonesia Stock Exchange (IDX).




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                                                                                                          Tata Kelola Perusahaan
                                                                                                       Good Corporate Governance




Prosedur Nominasi di atas melibatkan peran dan tanggung jawab        The above Nomination Procedure involves the roles and
beberapa organ Perseroan, di antaranya:                              responsibilities of several Company organs, including:
1. Komite Nominasi dan Remunerasi                                    1. Nomination and Remuneration Committee Responsible for:
   Bertanggung jawab atas:                                               a. Formulating and reviewing nomination criteria
   a. Penyusunan dan penelaahan kriteria nominasi                        b. Conducting the selection and evaluation process of
   b. Pelaksanaan proses seleksi dan evaluasi calon                         candidates
   c. Penyampaian rekomendasi calon kepada Dewan Komisaris               c. Submitting candidate recommendations to the Board of
                                                                            Commissioners
2. Dewan Komisaris                                                   2. Board of Commissioners
   Bertanggung jawab untuk:                                              Responsible for:
   a. Menelaah dan menyetujui rekomendasi calon                          a. Reviewing and approving the recommended candidates
   b. Mengusulkan calon Dewan Komisaris dan/atau Direksi                 b. Proposing candidates for the Board of Commissioners
      kepada RUPS                                                           and/or the Board of Directors to the General Meeting of
                                                                            Shareholders (GMS)
3. Rapat Umum Pemegang Saham Memiliki kewenangan untuk:              3. General Meeting of Shareholders (GMS) Has the authority to:
   a. Menyetujui pengangkatan anggota Dewan Komisaris dan                a. Approve the appointment of members of the Board of
      Direksi                                                               Commissioners and the Board of Directors.

Hingga saat ini fungsi nominasi masih dilakukan oleh Dewan           Currently, the nomination function is still carried out by the Board
Komisaris. Hal ini dikarenakan belum optimalnya kinerja Komite       of Commissioners. This is due to the Nomination and Remuneration
Nominasi dan Remunerasi, mengingat komite ini baru terbentuk         Committee not yet operating optimally, considering that the
kembali di pertengahan tahun 2024.                                   committee was only re-established in mid-2024.

Kebijakan Suksesi Direksi                                            Board of Directors Succession Policy
Perseroan menjalankan proses suksesi untuk memastikan                The Company applies succession process to ensure continuation
keberlanjutan kepemimpinan dan pengisian posisi strategis Direksi    of leadership and to fulfill the strategic positions of the Board of
dengan kandidat yang profesional, berintegritas, dan kompeten.       Directors with professional, integrity, and competent candidates.
Proses ini mengacu pada Anggaran Dasar dan Peraturan Otoritas        This process refers to the Articles of Association and Financial
Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan          Services Authority Regulation No. 33/POJK.04/2014 concerning
Komisaris Emiten atau Perusahaan Publik. Dalam implementasinya,      the Board of Directors and Board of Commissioners of Issuers
Perseroan melibatkan Komite Nominasi dan Remunerasi                  or Public Companies. The Company involves the Nomination and
yang berperan aktif dalam memberikan rekomendasi terkait             Remuneration Committee, who play an active role in providing
pengangkatan, pemberhentian, dan/atau penggantian anggota            recommendations related to the appointment, dismissal, and/or
Direksi kepada RUPS.                                                 replacement of members of the Board of Directors to the GMS.

REMUNERASI DEWAN KOMISARIS DAN DIREKSI                               REMUNERATION OF THE BOARD OF
                                                                     COMMISSIONERS AND BOARD OF DIRECTORS

Kebijakan Remunerasi                                                 Remuneration Policy
Kebijakan remunerasi terkait Dewan Komisaris dan Direksi Perseroan   The remuneration policy relating to the Company’s Board of
mengacu pada Anggaran Dasar, UUPT No. 40 tahun 2007, Peraturan       Commissioners and Board of Directors refers to the Articles of
Otoritas Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan       Association, Company Law No. 40 of 2007, Financial Services
Dewan Komisaris Emiten atau Perusahaan Publik, Peraturan Otoritas    Authority Regulation No. 33/POJK.04/2014 concerning the Board
Jasa Keuangan No. 34/POJK.04/2014 tentang Komite Nominasi dan        of Directors and Commissioners of Issuers or Public Companies,
Remunerasi Emiten atau Perusahaan Publik, Peraturan Otoritas Jasa    Financial Services Authority Regulation No. 34/POJK.04/2014
Keuangan No. 21/POJK.04/2015 tentang Penerapan Pedoman Tata          concerning the Nomination and Remuneration Committee of Issuers
Kelola Perusahaan Terbuka, serta peraturan lainnya yang berlaku.     or Public Companies, Financial Services Authority Regulation No.
                                                                     21/POJK.04/2015 concerning the Implementation of Corporate
                                                                     Governance Guidelines for Public Company, and other applicable
                                                                     regulations.

Kebijakan tersebut memuat mengenai fungsi remunerasi yang            This policy establishes the remuneration function carried out by the
dijalankan oleh Dewan Komisaris Perseroan, dibantu oleh Komite       Company’s Board of Commissioners, assisted by the Nomination
Nominasi dan Remunerasi hingga akhirnya diputuskan di dalam          and Remuneration Committee, with the final decision made through
RUPS.                                                                the GMS.




                                                                                                   PT Sawit Sumbermas Sarana Tbk    199
Page 200
Adapun dasar penetapan remunerasi Perseroan dilakukan dengan                   The basis for determining the Company’s remuneration is established
mempertimbangkan antara lain:                                                  by taking into consideration, among others:
1. Kinerja individu dan kinerja Perseroan;                                     1. Individual performance and the Company’s performance;
2. Pencapaian target keuangan dan non-keuangan;                                2. Achievement of financial and non-financial targets;
3. Tingkat tanggung jawab dan kompleksitas jabatan;                            3. The level of responsibility and complexity of the position;
4. Kondisi keuangan dan kemampuan Perseroan;                                   4. The Company’s financial condition and capability;
5. Praktik remunerasi pada industri sejenis (benchmarking).                    5. Remuneration practices within comparable industries
                                                                                   (benchmarking).

Prosedur Remunerasi                                                            Nomination Procedures
Berikut adalah mekanisme penetapan remunerasi Dewan Komisaris                  The following is the mechanism for determining the remuneration
dan Direksi Perseroan:                                                         of the Company’s Board of Commissioners and Directors:



   1     Komite Nominasi
         dan Remunerasi             2      Rekomendasi
                                           remunerasi Dewan      3   Dewan Komisaris
                                                                     menyampaikan           4       Remunerasi
                                                                                                    Dewan Komisaris         5       Penetapan
                                                                                                                                    remunerasi Direksi
         melakukan evaluasi                Komisaris dan             usulan remunerasi              ditetapkan oleh                 dilaksanakan
         dan menyusun                      Direksi disampaikan       Direksi kepada                 Rapat Umum                      sesuai dengan
         rekomendasi                       kepada Dewan              Rapat Umum                     Pemegang Saham                  kewenangan yang
         remunerasi bagi                   Komisaris;                Pemegang Saham;                sesuai dengan                   ditetapkan oleh
         Dewan Komisaris dan               The remuneration          The Board of                   Anggaran Dasar                  RUPS.
         Direksi                           recommendations           Commissioners                  Perseroan;                      The determination
         The Nomination                    for the Board of          submits the proposed                                           of remuneration
                                                                                                    The remuneration
         and Remuneration                  Commissioners             remuneration to the            is determined by                is carried out in
         Committee conducts                and Directors             General Meeting of             the General Meeting             accordance with the
         an evaluation and                 are submitted
                                                                     Shareholders (GMS);            of Shareholders in              authority granted by
         prepares remuneration             to the Board of
                                                                                                    accordance with the             the GMS.
         recommendations for the           Commissioners;
                                                                                                    Company’s Articles of
         Board of Commissioners
                                                                                                    Association;
         and Directors;




Hingga saat ini fungsi remunerasi masih dilakukan oleh Dewan                   Currently, the remuneration function is still carried out by the Board
Komisaris. Hal ini dikarenakan belum optimalnya kinerja Komite                 of Commissioners. This is due to the Nomination and Remuneration
Nominasi dan Remunerasi, mengingat komite ini baru terbentuk                   Committee not yet operating optimally, considering that the
kembali di pertengahan tahun 2024.                                             committee was only re-established in mid-2024.

STRUKTUR REMUNERASI DEWAN                                                      REMUNERATION STRUCTURE OF THE BOARD OF
KOMISARIS DAN DIREKSI                                                          COMMISSIONERS AND BOARD OF DIRECTORS

Struktur remunerasi Direksi dan Dewan Komisaris terdiri dari:                  The remuneration structure of the Board of Directors and
                                                                               Commissioners consists of:



                           Dewan Komisaris                                                                       Direksi
                        Board of Commissioners                                                              Board of Directors



                            Gaji/Honorarium                                                                         Gaji
                           Salary/Honorarium                                                                       Salary



                                   Tunjangan                                                  Insentif dan/atau bonus berbasis kinerja
                                   Allowances                                               Performance-based incentives and/or bonuses



                    Fasilitas lainnya sesuai dengan                                                  Fasilitas lainnya sesuai dengan
                           ketentuan Perseroan                                                              kebijakan Perseroan
             Other facilities under the Company’s provision                                     Other facilities under the Company’s Policy




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                                                                                                   Good Corporate Governance




BESARAN REMUNERASI DEWAN                                           AMOUNT OF REMUNERATION FOR THE BOARD
KOMISARIS DAN DIREKSI                                              OF COMMISSIONERS AND DIRECTORS

Besaran remunerasi Dewan Komisaris dan Direksi telah diungkapkan   The remuneration amounts of the Board of Commissioners and the
dalam Laporan Keuangan Audit.                                      Board of Directors have been disclosed in the Audited Financial
                                                                   Statements on page.

Perseroan tidak dapat menyajikan besaran remunerasi untuk          The Company is unable to present the remuneration amounts of
masing-masing anggota Dewan Komisaris dan Direksi secara detail    the Board of Commissioners and the Board of Directors in detail,
dikarenakan hal ini bersifat rahasia.                              as such information is confidential.




                                                                                               PT Sawit Sumbermas Sarana Tbk   201
Page 202
Keberagaman Dewan
Board Diversity

Komposisi Dewan Komisaris dan Direksi Perseroan ditetapkan         The composition of Board of Commissioners and Board of Directors
dengan memperhatikan prinsip keberagaman, mencakup pendidikan,     of the Company is set by considering the diversity principle on the
pengalaman, usia, dan jenis kelamin. Keberagaman ini mendukung     education, experience, age, and gender. This diversity support the
pengambilan keputusan strategis serta efektivitas pengawasan dan   strategic decision-making, as well as effectiveness of supervision
pengelolaan Perseroan.                                             and Company management.


  Jenis Manajemen Perusahaan
                                              Laki-laki                    Perempuan                   Jumlah pihak independen
    Types of The Company’s
                                                Male                         Female                   Number of Independent Party
          Management
          Dewan Komisaris                        3                               0                                  1
       Board of Commissioners

              Direksi                            5                               0                                 0
         Board of Directors




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                                                                                                              Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




                                                                                                 Hubungan Afiliasi
                                                                                                 Affiliate Relationship

Hubungan afiliasi mencakup hubungan yang dimiliki oleh anggota          Affiliated relationship include relationship between members of
Dewan Komisaris, Direksi, serta Pemegang Saham Utama dan/               the Board of Commissioners, Board of Directors, and the Main
atau Pengendali Perseroan, dalam bentuk hubungan keluarga               and/or Controlling Shareholders of the Company, in the form of
hingga derajat kedua (horizontal maupun vertikal), kepengurusan,        family relationship up to the second degree (horizontal or vertical),
atau kepemilikan saham. Perseroan berkomitmen memastikan                managerial, or share ownership. The Company is committed to
bahwa seluruh anggota Dewan Komisaris dan Direksi menjalankan           ensure that all members of the Board of Commissioners and Board
tugasnya secara independen, bebas dari pengaruh afiliasi yang           of Directors carry out their duties independently, free of affiliation
dapat memengaruhi objektivitas dan integritas dalam pengambilan         that may influence the objectivity and integrity in the decision-
keputusan. Berikut adalah pengungkapan hubungan afiliasi Dewan          making. Following is the disclosure of affiliations of the Board
Komisaris dan Direksi Perseroan per 31 Desember 2025.                   of Commissioners and Board of Directors of the Company as of
                                                                        December 31, 2025.


                                  Hubungan Keluarga dengan                                     Hubungan Keuangan dengan
                                    Family Relations With                                        Financial Relations With

                                                          Pemegang
                          Dewan                                                                                         Pemegang Saham
                                          Direksi           Saham             Dewan Komisaris           Direksi
       Nama             Komisaris                                                                                          Pengendali
                                         Board of         Pengendali             Board of              Board of
                         Board of                                                                                          Controlling
                                         Directors        Controlling          Commissioners           Directors
                      Commissioners                                                                                       Shareholders
                                                         Shareholders

                      Ya     Tidak    Ya      Tidak     Ya         Tidak       Ya        Tidak      Ya       Tidak        Ya        Tidak
                      Yes     No      Yes      No       Yes         No         Yes        No        Yes       No          Yes        No
 Dewan Komisaris
 Board of Commissioners

 Prof. Dr. Ir.                √                 √                   √                      √                    √                      √
 Bungaran Saragih

 Hoesen                       √                 √                   √                      √                    √                      √

 Ir. Rimbun                   √                 √                   √                      √                    √                      √
 Situmorang

 Direksi
 Board of Directors

 Jap Hartono                  √                 √                   √                      √                    √                      √

 Akhmad Faisyal               √                 √                   √                      √                    √                      √

 Jahja Tanudjaja              √                 √                   √                      √                    √                      √
 Adelai

 Roshan                       √                 √                   √                      √                    √                      √
 Chakravarthy
 Valautham

 Henky Satrio                 √                 √                   √                      √                    √                      √
 Wibowo




                                                                                                       PT Sawit Sumbermas Sarana Tbk    203
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Organ Pendukung Dewan Komisaris
Supporting Organs of the Board of Commissioners

Untuk mendukung fungsi pengawasan, Dewan Komisaris telah             To support its supervisory function, the Board of Commissioners
membentuk dua Komite Penunjang Dewan Komisaris yakni Komite          has established two supporting committees, namely the Audit
Audit dan Komite Nominasi dan Remunerasi. Setiap Komite diketuai     Committee and the Nomination and Remuneration Committee. Each
oleh anggota Dewan Komisaris. Tugas dan tanggung jawab masing-       committee is chaired by a member of the Board of Commissioners.
masing Komite tercantum dalam masing-masing piagam kerja             The duties and responsibilities of each committee are outlined in
komite.                                                              their respective committee charters.

KOMITE AUDIT                                                         AUDIT COMMITTEE

Dalam struktur tata kelola, Komite Audit merupakan organ             In the governance structure, the Audit Committee serves as a
pendukung yang dimiliki Dewan Komisaris sebagai komite               supporting organ to the Board of Commissioners, acting as an
independen yang berperan dalam mendukung Dewan Komisaris             independent committee that assists in overseeing the Company’s
dalam menjalankan fungsi pengawasan. Komite Audit bertanggung        operations. The Audit Committee is responsible for ensuring the
jawab untuk memastikan transparansi dan akurasi laporan keuangan,    transparency and accuracy of financial reporting, evaluating the
menilai kecukupan sistem pengendalian internal, serta mengawasi      adequacy of the internal control system, overseeing effective risk
pengelolaan risiko perusahaan secara efektif sekaligus melakukan     management, and assessing the performance of both internal and
evaluasi terhadap kinerja auditor internal dan eksternal guna        external auditors to guarantee the quality and integrity of the audit
memastikan kualitas serta integritas proses audit.                   process.

Pedoman Kerja Komite Audit                                           Audit Committee Charter

Komite Audit telah memiliki Pedoman Kerja yang telah disahkan oleh   The Audit Committee has established a Charter, which was approved
Dewan Komisaris pada 10 April 2019. Pedoman Kerja Komite Audit       by the Board of Commissioners on April 10, 2019. The Audit Committee
dapat diakses di https://cms.ssms.co.id/assets/pages-assets/         Charter can be accessed at https://cms.ssms.co.id/assets/pages-
our-gcg-charter/document_20240502115357.pdf.                         assets/our-gcg-charter/document_20240502115357.pdf.



Tugas Dan Tanggung Jawab Komite Audit                                Duties and Responsibilities of
                                                                     The Audit Committee

Komite Audit bertugas dan bertanggung jawab memberikan               The Audit Committee is tasked with and responsible for
pendapat profesional dan independen kepada Dewan Komisaris           providing professional and independent opinions to the Board
atas laporan atau hal-hal yang disampaikan oleh Direksi kepada       of Commissioners on reports or matters submitted by the Board
Dewan Komisaris, dan melaksanakan tugas-tugas lain yang berkaitan    of Directors, as well as carrying out other duties related to the
dengan tugas Dewan Komisaris.                                        responsibilities of the Board of Commissioners.

Tugas dan Tanggung Jawab Komite Audit tertuang dalam Pedoman         Duties and responsibilities of the Audit Committee are set forth
Kerja Komite Audit yang dapat dilihat pada https://cms.ssms.co.id/   in the Audit Committee Charter, which can be accessed at
assets/pages-assets/our-gcg-charter/document_20240502115357.         https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
pdf.                                                                 document_20240502115357.pdf.




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                                                                                                            Tata Kelola Perusahaan
                                                                                                         Good Corporate Governance




Adapun lingkup tugas dan tanggung jawab Komite Audit yang termuat     The scope of duties and responsibilities of the Audit Committee as
dalam Pedoman Kerja Komite Audit adalah sebagai berikut:              stipulated in the Audit Committee Charter are as follows:

1. Komite Audit menerima rangkuman laporan yang dibuat dan            1. The Audit Committee receives a summary of reports made and
   diberikan oleh Satuan Kerja Audit Internal kepada manajemen           provided by the Internal Audit Work Unit to management and
   serta tanggap manajemen terhadap rangkuman laporan                    management responses to the summary of the report.
   tersebut.
2. Komite Audit mengadakan pertemuan secara rutin dengan              2. The Audit Committee meets regularly with internal audits to
   audit internal untuk membahas temuan-temuan audit internal.            discuss internal audit findings.
3. Setiap awal tahun Komite Audit mereview dan memberi masukan        3. Each of the beginning of the year the Audit Committee reviews
   atas Program Kerja Pemeriksaan Tahunan yang disusun oleh               and provides inputs to the Annual Audit Work Program prepared
   Satuan Kerja Audit Internal.                                           by the Internal Audit Unit.
4. Mereview atas aktivitas, struktur organisasi dan kualifikasi       4. Reviewing the activities, organizational structure and
   personil audit internal untuk memastikan bahwa audit internal          qualifications of internal audit personnel to ensure that internal
   dapat bekerja secara independen dan obyektif sesuai dengan             audits can work independently and objectively in accordance
   standar auditing yang berlaku.                                         with applicable auditing standards.
5. Melakukan penelaahan atas efektivitas pelaksanaan fungsi           5. Reviewing the effectiveness of the implementation of the
   audit internal.                                                        internal audit function.
6. Penelaahan dan pemberian saran kepada Dewan Komisaris              6. Review and advise the Board of Commissioners regarding the
   terkait dengan adanya aksi korporasi Perseroan, terutama yang          actions of the Corporation, particularly those with potential
   memiliki potensi benturan kepentingan.                                 conflict of interest.
7. Komite Audit memberikan rekomendasi kepada Dewan Komisaris         7. The Audit Committee recommends to the Board of
   mengenai pemilihan dan pemberhentian auditor eksternal.                Commissioners regarding the selection and dismissal of external
                                                                          auditors.
8. Penelaahan rencana audit termasuk ruang lingkup, prosedur          8. Review the audit plan including the scope, procedures and
    dan ketentuan-ketentuan audit.                                        provisions of the audit.
9. Pemantauan pembahasan temuan audit oleh auditor eksternal          9. Monitoring audit findings by external auditors with management.
    dengan manajemen. Jika terdapat perbedaan pendapat antara             If there is a difference of opinion between the external auditor
    auditor eksternal dan manajemen atas jasa yang diberikan,             and management of the service rendered, the Audit Committee
    Komite Audit memberikan pendapat independen.                          provides an independent opinion.
10. Penelaahan atas efektivitas pelaksanaan fungsi Audit Eksternal.   10. Reviewing the effectiveness of execution of External Audit
                                                                          Function.
11. Dalam proses seleksi auditor independent, Komite Audit            11. In the process of independent auditor selection, the Audit
    mengacu pada ketentuan-ketentuan mengenai legalitas,                  Committee refers to the provisions concerning the legality,
    kompetensi, dan independensi akuntan publik yang berlaku              competence, and independence of public accountants applicable
    di Indonesia.                                                         in Indonesia.
12. Menelaah prinsip dan praktek akuntansi dan pelaporan yang         12. Reviewing the principles and practices of accounting and
    diterapkan Perusahaan dalam menyajikan laporan keuangan               reporting applied by the company in presenting the financial
    untuk memastikan pemenuhan Standar Akuntansi Keuangan                 statements to ensure Financial Accounting Standard Guidelines
    (PSAK) yang berlaku.                                                  (PSAK).
13. Menelaah laporan keuangan yang telah diaudit untuk dilaporkan     13. Reviewing audited financial statements to be reported to
    kepada Bursa Efek Indonesia (BEI) dan/atau Otoritas Jasa              the Indonesia Stock Exchange (BEI) or the Financial Services
    Keuangan (OJK) atau institusi lainnya yang berwenang secara           Authority (OJK) or other institutions regarding accounting and
    hukum mengenai prinsip-prinsip dan praktek akuntansi dan              auditing principles and practices, the adequacy of internal
    audit, kecukupan dari pengendalian internal yang secara               controls that can significantly affect the financial statements
    signifikan dapat berpengaruh pada laporan keuangan perusahaan         of the Company and other issues under applicable regulations.
    dan masalah-masalah lainnya sesuai peraturan yang berlaku.
14. Pembahasan dengan Dewan Komisaris tentang informasi penting       14. Discuss with the Board of Commissioners regarding Important
    atau material untuk diungkapkan kepada publik, sebagaimana            or material information to be disclosed to the public, as assigned
    yang ditugaskan oleh Dewan Komisaris.                                 by the Board of Commissioners.
15. Melakukan review terhadap Piagam Komite Audit sesuai              15. Conduct a review of the Audit Charter as required and propose
    kebutuhan dan mengusulkan perubahannya kepada Dewan                   amendments to the Board of Commissioners for approval.
    Komisaris untuk mendapatkan persetujuan.
16. Melakukan evaluasi terhadap kinerja Komite Audit dan para         16. Periodically evaluate the performance of the Audit Committee
    anggotanya secara berkala.                                            and its members.
17. Menjaga kerahasiaan dokumen, data dan informasi perusahaan.       17. Maintain confidentiality of documents, data and company
                                                                          information.




                                                                                                     PT Sawit Sumbermas Sarana Tbk    205
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Wewenang Komite Audit                                                   Authorities of the Audit Committee
Berdasarkan Piagam Komite Audit, https://cms.ssms.co.id/assets/         Based on the Audit Committee Charter, https://cms.ssms.co.id/
pages-assets/our-gcg-charter/document_20240502115357.pdf,               assets/pages-assets/our-gcg-charter/document_20240502115357.
komite audit memiliki wewenang sebagai berikut:                         pdf, the Audit Committee has the following powers:
1. Berhak mendapat dokumen, data, dan informasi perusahaan              1. Accessing company documents, data and information about the
   yang diperlukan berkaitan dengan pelaksanaan tugasnya.                   employees, funds, assets and necessary corporate resources
                                                                            related to the performance of their duties.
2. Berkomunikasi langsung dengan karyawan termasuk Direksi dan          2. Communicate directly with employees including the Board of
   pihak yang menjalankan fungsi audit internal, manajemen risiko           Directors and those exercising internal audit, risk management
   dan akuntan terkait tugas dan tanggung jawab Komite Audit.               and accounting functions related to the Audit Committee’s duties
                                                                            and responsibilities.
3. Melibatkan pihak independent di luar anggota Komite Audit            3. Involve independent parties outside the members of the Audit
   yang diperlukan untuk membantu pelaksanaan tugasnya (jika                Committee who are required to assist in the execution of their
   diperlukan)                                                              duties (if necessary)
4. Melakukan kewenangan lain yang ditugaskan oleh Dewan                 4. Carry out other authorities commissioned by the Board of
   Komisaris, dan                                                           Commissioners, and
5. Dalam melakukan kewenangannya, Komite Audit bekerja sama             5. In exercising its authority the Audit Committee cooperates with
   dengan unit-unit lain yang berkaitan dengan tugasnya.                    other units relating to its duties.

KEANGGOTAAN KOMITE AUDIT                                                MEMBERSHIP OF THE AUDIT COMMITTEE

Di tahun 2025, anggota Komite Audit Perseroan terdiri dari tiga orang   In 2025, the Company’s Audit Committee composes 3 (three)
anggota. Komposisi Komite Audit Perseroan telah mengacu pada            members. Composition of the Company’s Audit Committee has
POJK No. 55/POJK.04/2015 tentang Pembentukan dan Pedoman                referred to POJK No. 55/POJK.04/2015 concerning the Establishment
Pelaksanaan Kerja Komite Audit.                                         and Work Guidelines of Audit Committees.

Persyaratan Keanggotaan                                                 Membership Requirements
Dalam menentukan anggota Komite Audit, Perseroan memiliki               In appointing members of the Audit Committee, the Company
persyaratan seperti yang tertuang dalam Piagam Komite Audit,            has specific requirements that stipulated in the Audit Committee
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/             Charter, https://cms.ssms.co.id/assets/pages-assets/our-gcg-
document_20240502115357.pdf.                                            charter/document_20240502115357.pdf.

Masa Jabatan                                                            Term of Office
Ketentuan mengenai periode dan masa jabatan anggota Komite Audit        Provisions regarding the term of office and tenure of Audit
tertuang dalam Pedoman Kerja Komite Audit yang dapat diakses di         Committee members are stipulated in the Audit Committee Charter,
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/             which can be accessed at https://cms.ssms.co.id/assets/pages-
document_20240502115357.pdf.                                            assets/our-gcg-charter/document_20240502115357.pdf.

Prosedur Pengangkatan dan Pemberhentian                                 Procedures for Appointment and Dismissal
Perseroan telah memiliki prosedur pengangkatan dan pemberhentian        The Company has procedures to appoint and dismiss the member
anggota Komite Audit, berdasarkan pada Piagam Komite Audit,             of Audit Committee, based on the Audit Committee Charter,
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/             https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
document_20240502115357.pdf.                                            document_20240502115357.pdf.

Komposisi Anggota Komite Audit                                          Composition of Audit Committee
Adapun komposisi anggota Komite Audit Perseroan per 31 Desember         The composition of the Company’s Audit Committee as of December
2025, sebagai berikut:                                                  31, 2025, is as follows:




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                                                                                                            Tata Kelola Perusahaan
                                                                                                         Good Corporate Governance




          Nama               Jabatan/Status                  Dasar Pengangkatan               Masa Jabatan            Periode Jabatan
          Name               Position/Status                     Legal Basis                  Term of Office               Period
Hoesen                  Ketua/Komisaris Independen   SK Dewan Komisaris PT Sawit Sumbermas 2022 - 2027             Periode pertama
                        Chairman/Independent         Sarana Tbk No. 002/BOC-SSMS/X/2022                            1st Period
                        Commissioner                 tanggal 28 Oktober 2022
                                                     Decree of the Board of Commissioners of
                                                     PT Sawit Sumbermas Sarana Tbk No. 002/
                                                     BOC-SSMS/X/2022 dated October 28, 2022
Arif M. Prawirawinata   Anggota/Pihak Independen     SK Dewan Komisaris PT Sawit Sumbermas 2023 - 2027             Periode pertama
                        Member/Independent Party     Sarana Tbk No. 003/SSMS-JKT/VI/2023                           1st Period
                                                     tanggal 19 Juni 2023
                                                     Decree of the Board of Commissioners of
                                                     PT Sawit Sumbermas Sarana Tbk No. 003/
                                                     SSMS-JKT/VI/2023 dated June 19, 2023
Arini Imamawati         Anggota/Pihak Independen     SK Dewan Komisaris PT Sawit Sumbermas 2022 - 2027             Periode pertama
                        Member/Independent Party     Sarana Tbk No. 002/BOC-SSMS/X/2022                            1st Period
                                                     tanggal 28 Oktober 2022
                                                     Decree of the Board of Commissioners of
                                                     PT Sawit Sumbermas Sarana Tbk No. 002/
                                                     BOC-SSMS/X/2022 dated October 28, 2022




                                                                                                 PT Sawit Sumbermas Sarana Tbk       207
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PROFIL ANGGOTA KOMITE AUDIT                                                                   AUDIT COMMITTEE MEMBERS’ PROFILES




                                                               Hoesen
                                                               Ketua (Komisaris Independen)
                                                               Chairman (Independent Commissioner)

                                                               Kewarganegaraan                           Usia                             Domisili
                                                               Citizenship                               Age                              Domicile
                                                               Warga Negara Indonesia                    59 tahun                         Jakarta, Indonesia
                                                               Indonesian Citizens                       59 years old




Periode dan Masa Jabatan          2022 -2027, Periode ke-1
Period and Term of Office         1st Period

Dasar Hukum Pengangkatan          SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 002/BOC-SSMS/X/2022 tanggal 28 Oktober 2022
Legal Basis of Appointment        Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 002/BOC-SSMS/X/2022 dated October 28, 2022

Profil lengkap Beliau dapat dilihat pada Profil Dewan Komisaris di bab Profil Perusahaan dalam Laporan Tahunan ini.
His complete profile can be found in the Board of Commissioners’ Profiles section in the Company Profile chapter of this Annual Report.




                                                             Arif M. Prawirawinata
                                                             Anggota (Pihak Independen)
                                                             Member (Independent Party)



                                                             Kewarganegaraan                           Usia                            Domisili
                                                             Citizenship                               Age                             Domicile
                                                             Warga Negara Indonesia                    59 tahun                        Bekasi, Indonesia
                                                             Indonesian Citizens                       59 years old



Periode dan Masa Jabatan          2023 -2027, Periode ke-1
Period and Term of Office         1st Period
Dasar Hukum Penunjukan            SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 003/SSMS-JKT/VI/2023 tanggal 19 Juni 2023
Legal Basis of Appointment        Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 003/SSMS-JKT/VI/2023 dated June 19, 2023
Riwayat Pendidikan                •    Magister Manajemen, Universitas Trisakti (2005); serta
Education History                 •    Sarjana Ekonomi, jurusan Akuntansi, Fakultas Ekonomi, Universitas Indonesia (1992).
                                  •    Master of Management in Finance, Universitas Trisakti (2005); and
                                  •    Bachelor of Economics in Accounting, Faculty of Economics, Universitas Indonesia (1992).
Pengalaman Kerja                  •    PT Bursa Efek Indonesia, mengawali kariernya sebagai Staf kemudian     •   PT Bursa Efek Indonesia, started his career as a Staff then as Unit
Work Experience                        sebagai Kepala Unit, Kepala Divisi kemudian terakhir sebagai               Head, Division Head, then lastly as Executive Advisor (1997 - 2022);
                                       Executive Advisor (1997-2022);
                                  •    PT Prizaco Prakarsa, Assistant to Business Development Director        •   PT Prizaco Prakarsa, Assistant of Business Development Director
                                       (1995-1997); serta                                                         (1995 - 1997); and
                                  •    KAP Drs. Gatot Permadi Joewono, dengan posisi terakhir sebagai         •   KAP Drs. Gatot Permadi Joewono, with last position as Audit
                                       Manager Audit (1990-1995).                                                 Manager (1990 - 1995).
Rangkap Jabatan                   •    Anggota Komite Audit di beberapa perusahaan;                           •   Audit Committee Members in several companies;
Concurrent Position               •    PT Mirae Asset Sekuritas Indonesia (sejak Desember 2023);              •   PT Mirae Asset Sekuritas Indonesia (since December 2023);
                                  •    PT Satu Visi Putra Tbk (sejak November 2023); serta                    •   PT Satu Visi Putra Tbk (since November 2023);
                                  •    PT Kliring Penjaminan Efek Indonesia (sejak Agustus 2023)              •   PT Kliring Penjaminan Efek Indonesia (since August 2023)
                                  •    Pengajar part-time di The Indonesia Capital Market Institute (TICMI)   •   Part-time lecturer at The Indonesia Capital Market Institute (TICMI)
                                       (sejak 2022)                                                               (since 2022).

Sertifikasi                       •    Register Negara Akuntan;                                               •   Register Negara Akuntan;
Certification                     •    Chartered Accountant (CA); dan                                         •   Chartered Accountant (CA); and
                                  •    Qualified Internal Auditor (QIA).                                      •   Qualified Internal Auditor (QIA).
Keahlian                          Ekonomi dan Akuntansi
Expertise                         Economics and Accounting




208         Laporan Tahunan 2025 Annual Report
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                                                                                                                                    Tata Kelola Perusahaan
                                                                                                                                 Good Corporate Governance




                                                        Arini Imamawati
                                                        Anggota (Pihak Independen)
                                                        Member (Independent Party)



                                                        Kewarganegaraan                         Usia                          Domisili
                                                        Citizenship                             Aged                          Domicile
                                                        Warga Negara Indonesia                  46 tahun                      Jakarta, Indonesia
                                                        Indonesian Citizens                     46 years old



Periode dan Masa Jabatan     2023 -2027, Periode ke-1
Period and Term of Office    1st Period
Dasar Hukum Penunjukan       SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 002/BOC-SSMS/X/2022 tanggal 28 Oktober 2022
Legal Basis of Appointment   Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 002/BOC-SSMS/X/2022 dated October 28, 2022
Riwayat Pendidikan           •    Magister Manajemen bidang Manajemen Bisnis, Universitas Prasetya Mulya (2012); serta
Education History            •    Sarjana Akuntansi, Fakultas Ekonomi, Universitas Trisakti (2000).
                             •    Master of Management in Business Management, Universitas Prasetya Mulya (2012); and
                             •    Bachelor of Accounting, Faculty of Economics, Universitas Trisakti (2000).
Pengalaman Kerja             •    Financial Controller PT Chandra Sakti Utama Leasing (2021);         •   Financial Controller of PT Chandra Sakti Utama Leasing (2021);
Work Experience              •    Head of Finance PT Danareksa (Persero) (2018-2021);                 •   Head of Finance PT Danareksa (Persero) (2018 -2021);
                             •    Head of Internal Audit PT Danareksa (Persero) (2014-2018);          •   Head of Internal Audit PT Danareksa (Persero) (2014-2018);
                             •    Anggota Komite Audit PT Dahana (Persero) (2014);                    •   Member of Audit Committee of PT Dahana (Persero) (2014);
                                                                                                      •   Member of Audit Committee of PT Bank ICB Bumiputera Tbk
                             •    Anggota Komite Audit PT Bank ICB Bumiputera Tbk (2010-2013);            (2010- 2013);
                             •    Anggota Komite Audit PT Danareksa (Persero) (2009-2014);            •   Member of Audit Committee of PT Danareksa (Persero) (2009-2014);
                             •    Audit Manager Assurance and Advisory Business Services              •   Audit Manager Assurance and Advisory Business Services
                                  Purwantono, Sarwoko & Sandjaja (2007-2009);                             Purwantono, Sarwoko & Sandjaja (2007-2009);
                             •    Accounting & Administration Manager PT Flowserve (Indonesia)        •   Accounting & Administration Manager PT Flowserve (Indonesia)
                                  (2005-2006); serta                                                      (2005-2006); and
                             •    Senior Auditor Business Advisory Service Haryanto Sahari & Rekan    •   Senior Auditor Business Advisory Service: Haryanto Sahari & Rekan
                                  (2000-2005).                                                            (2000-2005).
Rangkap Jabatan              •    Komisaris Independen PT Wicaksana Overseas International Tbk        •   Independent Commissioner of PT Wicaksana Overseas International
Concurrent Position               (sejak Desember 2023);                                                  Tbk. (since December 2023);
                             •    Anggota Komite Audit dan Komite Risiko dan Tata Kelola PT Mandiri   •   Member of Audit Committee and Risk & Governance Committee of
                                  Sekuritas (sejak Agustus 2023);                                         PT Mandiri Sekuritas (since August 2023);
                             •    Anggota Komite Audit PT Kliring Penjaminan Efek Indonesia (sejak    •   Member of Audit Committee of PT Kliring Penjaminan Efek Indonesia
                                  Juli 2023).                                                             (since July 2023);
                             •    Anggota Komite Audit PT ITSec Asia Tbk (sejak Maret 2023); serta    •   Member of Audit Committee of PT ITSec Asia Tbk (since March
                                                                                                          2023); and
                             •    Anggota Komite Audit PT Bank ICBC Indonesia (sejak 2021).           •   Member of Audit Committee of PT Bank ICBC Indonesia (since 2021)
Sertifikasi                  Certification in Audit Committee Practitioner (CACP).
Certification
Keahlian                     Akuntansi dan Manajemen Bisnis
Expertise                    Accounting and Business Management




                                                                                                                            PT Sawit Sumbermas Sarana Tbk            209
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Independensi Komite Audit                                                               Independence of Audit Committee
Perseroan memastikan setiap anggota Komite Audit menjalankan                            The Company ensures every member of the Audit Committee
tugasnya secara independen dan objektif. Komite Audit berperan                          performs its duties independently and objectively. The Audit
dalam menjaga transparansi bisnis dan memastikan kepatuhan                              Committee maintains business transparency and ensures compliance
terhadap prinsip GCG. Pernyataan independensi berikut                                   to GCG principles. The following statement of independence is
mencerminkan komitmen tersebut.                                                         reflecting the commitment.


                                                                                                                        Arif M.              Arini
                                   Pernyataan Independensi                                             Hoesen
                                                                                                                     Prawirawinata        Imamawati

 Bukan merupakan orang dalam kantor akuntan publik, kantor konsultan hukum, kantor jasa                  √                 √                  √
 penilai publik atau pihak lain yang memberi jasa asuransi, jasa non-asuransi, jasa penilai dan/
 atau jasa konsultasi lain kepada Perseroan dalam waktu 6 bulan terakhir.
 Not a person in the public accountant firm, legal consultant firm, public appraisal service office
 or other parties providing insurance services, non-insurance services, appraisal services and/
 or other consulting services to the Company within the last 6 months.

 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk                     √                 √                  √
 merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu
 6 bulan terakhir (kecuali Komisaris Independen).
 Not a person who works or has the authority and responsibility to plan, lead, control, or supervise
 the Company’s activities within the last 6 months (except for Independent Commissioners).

 Tidak mempunyai saham langsung maupun tidak langsung di Perseroan.                                      √                 √                  √
 Does not have direct or indirect shares in the Company.

 Keluarga tidak mempunyai saham langsung maupun tidak langsung di Perseroan.                             √                 √                  √
 The family has neither direct nor indirect shares in the Company.

 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota Direksi, atau                 √                 √                  √
 Pemegang Saham Utama Perseroan.
 Has no Affiliation with members of the Board of Commissioners, members of the Board of
 Directors, or Major Shareholders of the Company.

 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan                √                 √                  √
 kegiatan usaha Perseroan.
 Does not have a business relationship either directly or indirectly related to the Company’s
 business activities.

 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota legislatif dan/atau               √                 √                  √
 merupakan calon atau menjabat sebagai kepala/wakil kepala pemerintahan daerah.
 Does not serve as an administrator of a political party and/or candidate/member of the legislature
 and/or is a candidate or serves as the head/deputy head of local government.
 √ = Terpenuhi | Comply       x : Tidak terpenuhi | Not Comply




RAPAT KOMITE AUDIT                                                                      AUDIT COMMITTEE MEETING

Kebijakan Rapat                                                                         Meeting Policy
Kebijakan rapat Komite Audit tertuang dalam Piagam Komite Audit,                        The Audit Committee’s meeting policy is stipulated in the
https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/                             Audit Committee Charter, which can be accessed at https://
document_20240502115357.pdf, di mana dalam kebijakan tersebut,                          cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
Komite Audit wajib mengadakan rapat secara berkala paling sedikit                       document_20240502115357.pdf. Under this policy, the Audit
1 (satu) kali dalam 3 (tiga) bulan.                                                     Committee is required to hold meetings at least 1 (one) every 3
                                                                                        (three) months.

Sepanjang tahun 2025, Komite Audit telah menyelenggarakan rapat                         Throughout 2025, the Audit Committee held a total of 11 (eleven)
Komite Audit sebanyak 11 (sebelas) kali, dengan rincian sebagai                         Audit Committee meetings, with details as follows:
berikut:




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                                                                                                                           Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




                                                                                                                                    Persentase Kehadiran
                       Nama dan Jabatan                                   Jumlah Rapat                     Kehadiran
                                                                                                                                        Percentage of
                       Name and Position                                Number of Meetings                 Attendance
                                                                                                                                         Attendance

 Hoesen                                                                             11                         10                         90,90%
 (Ketua Komite Audit | Chairman of Audit Committee)

 Arif M. Prawirawinata                                                              11                         11                          100%
 (Anggota Komite Audit | Member of Audit Committee)

 Arini Imamawati                                                                    11                         11                          100%
 (Anggota Komite Audit | Member of Audit Committee)


PELATIHAN KOMITE AUDIT                                                             AUDIT COMMITTEE TRAINING

Selama tahun 2025, Komite Audit Perseroan telah mengikuti program                  Throughout 2025, the Company’s Audit Committee participated in
pelatihan sebagai berikut:                                                         the following training programs:


         Nama dan Jabatan                  Materi Pendidikan/Pelatihan                           Tanggal                            Penyelenggara
         Name and Position                 Training/Education Materials                           Date                                Organizer

 Arif Prawirawinata                     Pelatihan dan Sertifikasi Certification 4-6 Februari 2025 dan 10 Februari 2025 Ikatan Komite Audit Indonesia (IKAI)
 (Anggota | Member)                     in Audit Committee Practices (CACP)     February 4-6, 2025 and February 10, Indonesian Institute of Audit
                                        Training and Certification              2025                                   Committees (IKAI)
                                        Certification in Audit Committee
                                        Practices (CACP)

                                        Sharing Session: Establishing an           21 Maret 2025                          Ikatan Akuntan Indonesia (IAI)
                                        Effective Technique for Internal Audit     March 21, 2025                         Institute of Indonesia Chartered
                                                                                                                          Accountants (IAI)

                                        Workshop Internal Control Over Financial   21-22 Mei 2025                         Ikatan Akuntan Indonesia (IAI)
                                        Reporting (ICOFR),                         May 21-22, 2025                        Institute of Indonesia Chartered
                                                                                                                          Accountants (IAI)

                                        Sustainability Reporting: Impact and 30 September 2025                            IA-IKAI
                                        Implementation of PSPK 1 and 2 for September 30, 2025
                                        Professionals

 Arini Imamawati                        Town Hall Meeting - Indonesia 2025 Risk    24 Januari 2025                        IIA Indonesia
 (Anggota | Member)                     in Focus                                   January 24, 2025

                                        Peran GRC dalam Meningkatkan 25 Februari 2025                                     OJK Institute
                                        Kepercayaan Investor dan Stabilitas February 25, 2025
                                        Sektor Keuangan
                                        GRC Roles in Improving Investor
                                        Confidence and Financial Sector
                                        Stability

                                        Forum Penguatan Fungsi GRC - 3 Maret 2025                                         OJK DPRK MR
                                        Penerapan ICOFR dalam Rangka March 3, 2025
                                        Penguatan Sektor Keuangan
                                        Forum on Strengthening the GRC
                                        Function – Implementation of ICOFR to
                                        Reinforce the Financial Sector

                                        Workshop Internal Control Over Financial   21-22 Mei 2025                         Ikatan Akuntan Indonesia (IAI)
                                        Reporting (ICOFR)                          May 21-22, 2025                        Institute of Indonesia Chartered
                                                                                                                          Accountants (IAI)

                                        Risk & Governance Summit - 19 Agustus 2025                                        OJK
                                        Empowering the GRC Ecosystem to August 19, 2025
                                        Drive Economic Growth and National
                                        Resilience

                                        IIA Conference 2025 - Audit for 27-28 Agustus 2025                                IIA Indonesia
                                        Tomorrow                        August 27-28, 2025

                                        Sustainability Reporting Bootcamp          15-17 Oktober 2025                     Ikatan Akuntan Indonesia (IAI)
                                                                                   October 15-17, 2025                    Institute of Indonesia Chartered
                                                                                                                          Accountants (IAI)




                                                                                                                    PT Sawit Sumbermas Sarana Tbk      211
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Laporan Singkat Pelaksanaan                                             Summary Report of Audit Committee Activities
Kegiatan Komite Audit

Komite Audit memiliki tugas dan tanggung jawab untuk membantu           The Audit Committee has the duty and responsibility to assist the
Dewan Komisaris dalam mengawasi pelaporan keuangan, audit               Board of Commissioners in overseeing financial reporting, internal
internal, audit eksternal, manajemen risiko atau hal-hal lainnya yang   audit, external audit, risk management and other matters related
terkait dengan kegiatan bisnis dan operasional Perseroan secara         to the Company’s business and operational activities objectively
objektif dan independen. Kegiatan tersebut seperti tertuang dalam       and independently. These activities are stipulated in the Audit
Pedoman Kerja Komite Audit.                                             Committee Charter.

Pada tahun 2025, Komite Audit telah merealisasikan program kerja        In 2025, the Audit Committee implemented its work program in
sesuai dengan Piagam Komite Audit, antara lain:                         accordance with the Audit Committee Charter, including:
1. Melakukan penelaahan atas informasi keuangan yang akan               1. Conduct a review of financial information to be issued by the
   dikeluarkan oleh Perseroan.                                              Company.
2. Melakukan evaluasi terhadap pelaksanaan pemberian jasa audit         2. Evaluate the implementation of audit services on the Company’s
   atas Laporan Keuangan Perseroan.                                         Financial Statements.
3. Memantau dan mengevaluasi perencanaan dan pelaksanaan                3. Monitor and evaluate the planning and implementation of internal
   audit internal, serta memantau tindak lanjut oleh Direksi atas           audits and monitor follow-up by the Board of Directors on the
   hasil temuan audit internal.                                             findings of internal audits.
4. Melakukan penelaahan atas efektifitas audit eksternal dalam          4. Conduct a review of the effectiveness of external audits in
   melaksanakan jasa audit laporan keuangan.                                carrying out financial report audit services.

KOMITE NOMINASI DAN REMUNERASI                                          NOMINATION AND REMUNERATION COMMITTEE

Perseroan memiliki Komite Nominasi dan Remunerasi yang bertugas         The Company has established a Nomination and Remuneration
membantu Dewan Komisaris dalam hal nominasi dan remunerasi              Committee that assists the Board of Commissioners in the
bagi anggota Direksi dan Dewan Komisaris. Komite ini secara khusus      nomination and remuneration processes for members of both the
berperan dalam memastikan proses nominasi dan remunerasi                Board of Directors and Board of Commissioners. This Committee
dilakukan sesuai dengan peraturan yang berlaku, serta mendukung         plays a key role in ensuring that the nomination and remuneration
penerapan tata kelola perusahaan yang baik.                             processes are conducted in accordance with applicable regulations
                                                                        and supports the implementation of good corporate governance.

Pedoman Kerja Komite Nominasi                                           Nomination and Remuneration
dan Remunerasi                                                          Committee Charter

Hingga akhir tahun 2025, Komite Nominasi dan Remunerasi belum           As of the end of 2025, the Nomination and Remuneration Committee
memiliki Pedoman Kerja. Meskipun begitu, Komite Nominasi dan            has not yet established a Committee Charter. Nevertheless, the
Remunerasi menjalankan tugas dan tanggung jawabnya sesuai               Nomination and Remuneration Committee has carried out its
dengan POJK No. 34/POJK.04/2014 tentang Komite Nominasi dan             duties and responsibilities in accordance with OJK Regulation No.
Remunerasi Emiten atau Perusahaan Publik.                               34/POJK.04/2014 concerning the Nomination and Remuneration
                                                                        Committee of Issuers or Public Companies.

Tugas dan Tanggung Jawab Komite                                         Duties and Responsibilities of the Nomination
Nominasi dan Remunerasi                                                 and Remuneration Committee

Tugas dan Tanggung Jawab Komite Nominasi dan Remunerasi                 Duties and Responsibilities of the Nomination and Remuneration
berdasarkan POJK No. 34/POJK.04/2014, adalah sebagai berikut:           Committee based on POJK No. 34/POJK.04/2014, is as follows:
1. Fungsi Nominasi                                                      1. Nomination Function
   a. Menyusun komposisi dan proses nominasi anggota Dewan                  a. Prepare the composition and nomination process of
       Komisaris dan/atau anggota Direksi;                                      members of the Board of Commissioners and/or members
                                                                                of Board of Directors;
    b. Menyusun kebijakan dan kriteria yang dibutuhkan dalam                b. Prepare the policy and criteria needed in the nomination
       proses nominasi calon anggota Dewan Komisaris dan/atau                   process of prospective members of the Board of
       anggota Direksi;                                                         Commissioners and/or members of Board of Directors;
    c. Membantu pelaksanaan evaluasi atas kinerja anggota Dewan             c. Assist the performance evaluation of members of the Board
       Komisaris dan/atau anggota Direksi;                                      of Commissioners and/or members of Board of Directors;
    d. Menyusun program pengembangan kemampuan anggota                      d. Prepare capability development program of members of
       Dewan Komisaris dan/atau anggota Direksi; serta                          the Board of Commissioners and/or members of Board of
                                                                                Directors; and

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   e. Menelaah dan mengusulkan calon yang memenuhi syarat              e. Review and propose eligible candidates as members of
      sebagai anggota Dewan Komisaris dan/atau anggota Direksi            the Board of Commissioners and/or members of Board of
      kepada Dewan Komisaris untuk disampaikan kepada RUPS.               Directors to the Board of Commissioners to be submitted
                                                                          at the GMS.
2. Fungsi Remunerasi                                                2. Remuneration Function
   a. Menyusun struktur remunerasi bagi anggota Dewan                  a. Prepare the remuneration structure for members of the
      Komisaris dan/atau anggota Direksi;                                 Board of Commissioners and/or members of Board of
                                                                          Directors;
   b. Menyusun kebijakan atas remunerasi bagi anggota Dewan            b. Prepare the remuneration policy of the Board of
      Komisaris dan/atau anggota Direksi; serta                           Commissioners and/or members of Board of Directors; and
   c. Memberikan rekomendasi kepada Direksi Perseroan untuk            c. Provide recommendation to the Board of Directors of the
      menentukan remunerasi anggota Dewan Komisaris dan                   Company to determine the remuneration for members of
      Direksi.                                                            the Board of Commissioners and Board of Directors.

KEANGGOTAAN KOMITE NOMINASI                                         MEMBERSHIP OF THE NOMINATION
DAN REMUNERASI                                                      AND REMUNERATION COMMITTEE

Di tahun 2025, anggota Komite Nominasi dan Remunerasi Perseroan     In 2025, the Company’s Nomination and Remuneration Committee
terdiri dari tiga orang anggota yaitu seorang ketua yang dipimpin   composes 3 (three) members namely a chairman who is an
oleh Komisaris Independen dan 2 (dua) orang anggota yang memiliki   Independent Commissioner and 2 (two) members with knowledge
pengetahuan dan pengalaman di bidang nominasi dan remunerasi.       and experience in nomination and remuneration.

Persyaratan Keanggotaan                                             Membership Requirements
Berdasarkan POJK No. 34/POJK.04/2014, anggota Komite Nominasi       Based on POJK No. 34/POJK.04/2014, member of the Nomination
dan Remunerasi yang berasal dari luar Perseroan harus memenuhi      and Remuneration Committee who originate from outside the
persyaratan sebagai berikut:                                        Company must fulfill the following requirements:
1. tidak mempunyai hubungan Afiliasi dengan Emiten atau             1. Not have any affiliation with the Issuer or Public Company,
    Perusahaan Publik, anggota Direksi, anggota Dewan Komisaris,       members of the Board of Directors, members of the Board of
    atau Pemegang Saham Utama Emiten atau Perusahaan Publik            Commissioners, or the Controlling Shareholder of the Issuer
    tersebut;                                                          or Public Company;
2. memiliki pengalaman terkait Nominasi dan/atau Remunerasi;        2. Possess experience related to nomination and/or remuneration;
    dan                                                                and
3. tidak merangkap jabatan sebagai anggota komite lainnya yang      3. Not concurrently serve as a member of another committee
    dimiliki Emiten atau Perusahaan Publik tersebut.                   within the same Issuer or Public Company.

Selain itu, anggota Direksi Perseroan tidak dapat menjadi anggota   In addition, members of the Company’s Board of Directors are not
Komite Nominasi dan Remunerasi.                                     permitted to serve as members of the Nomination and Remuneration
                                                                    Committee.

Masa Jabatan                                                        Term of Office
Sesuai dengan ketentuan POJK No. 34/POJK.04/2014, masa jabatan      In accordance with OJK Regulation No. 34/POJK.04/2014, the term
Komite Nominasi dan Remunerasi adalah tidak lebih lama dari masa    of office of the Nomination and Remuneration Committee shall
jabatan Dewan Komisaris sebagaimana diatur dalam anggaran dasar.    not exceed the term of office of the Board of Commissioners as
                                                                    stipulated in the Articles of Association.

Prosedur Pengangkatan dan Pemberhentian                             Procedures for Appointment and Dismissal
Prosedur pengangkatan dan pemberhentian anggota Komite              Procedures for appointment and dismissal of members of the
Nominasi dan Remunerasi berdasarkan POJK No. 34/POJK.04/2014,       Nomination and Remuneration Committee pursuant to OJK
adalah sebagai berikut:                                             Regulation No. 34/POJK.04/2014 are as follows:
1. Anggota Nominasi dan Remunerasi diangkat dan diberhentikan       1. Members of the Nomination and Remuneration Committee are
    berdasarkan Keputusan rapat Dewan Komisaris.                       appointed and dismissed based on a resolution of the Board of
                                                                       Commissioners’ meeting.
2. Anggota Komite Nominasi dan Remunerasi diangkat untuk masa       2. Members of the Nomination and Remuneration Committee are
   jabatan tertentu dan dapat diangkat kembali.                        appointed for a specific term and may be reappointed.
3. Penggantian anggota Komite Nominasi dan Remunerasi yang          3. The replacement of a member of the Nomination and
   bukan berasal dari Dewan Komisaris dilakukan paling lambat          Remuneration Committee who does not originate from the
   60 hari sejak anggota Komite Nominasi dan Remunerasi yang           Board of Commissioners must be carried out no later than 60
   dimaksud tidak dapat lagi melaksanakan fungsinya.                   days from the date such member is no longer able to perform
                                                                       his or her duties.

                                                                                                PT Sawit Sumbermas Sarana Tbk   213
Page 214
Komposisi Komite Nominasi dan Remunerasi                                                     Composition of Nomination and
                                                                                             Remuneration Committee
Adapun komposisi anggota Komite Nominasi dan Remunerasi                                      The composition of the Company’s Nomination and Remuneration
Perseroan per 31 Desember 2025, sebagai berikut:                                             Committee as of December 31, 2025, is as follows:


             Nama                       Jabatan/Status                         Dasar Pengangkatan                           Masa Jabatan                Periode Jabatan
             Name                       Position/Status                            Legal Basis                              Term of Office                   Period
Hoesen                              Ketua/Komisaris                SK Dewan Komisaris PT Sawit Sumbermas                      2024 - 2026               Periode pertama
                                    Independen                     Sarana Tbk No. 002/SSMS-JKT/VII/2024                                                     1st Period
                                    Chairman/Independent           tanggal 1 Juli 2024
                                    Commissioner                   Decree of the Board of Commissioners of PT
                                                                   Sawit Sumbermas Sarana Tbk No. 002/SSMS-
                                                                   JKT/VII/2024 dated July 1, 2024

Ir. Rimbun Situmorang               Anggota/Komisaris              SK Dewan Komisaris PT Sawit Sumbermas                      2024 - 2026               Periode pertama
                                    Member/Commissioner            Sarana Tbk No. 002/SSMS-JKT/VII/2024                                                     1st Period
                                                                   tanggal 1 Juli 2024
                                                                   Decree of the Board of Commissioners of PT
                                                                   Sawit Sumbermas Sarana Tbk No. 002/SSMS-
                                                                   JKT/VII/2024 dated July 1, 2024

Rachmat Hidayat                     Anggota/Pihak yang             SK Dewan Komisaris PT Sawit Sumbermas                      2024 - 2026               Periode pertama
                                    menduduki jabatan              Sarana Tbk No. 002/SSMS-JKT/VII/2024                                                     1st Period
                                    manajerial di bidang           tanggal 1 Juli 20242022 tanggal 28 Oktober
                                    Sumber Daya Manusia            2022
                                    Member/Party holding           Decree of the Board of Commissioners of PT
                                    a managerial position          Sawit Sumbermas Sarana Tbk No. 002/SSMS-
                                    under the Director             JKT/VII/2024 dated July 1, 2024
                                    in charge of human
                                    resources


PROFIL ANGGOTA KOMITE                                                                        NOMINATION AND REMUNERATION
NOMINASI DAN REMUNERASI                                                                      COMMITTEE MEMBERS’ PROFILES




                                                               Hoesen
                                                               Ketua (Komisaris Independen)
                                                               Chairman (Independent Commissioner)

                                                               Kewarganegaraan                          Usia                              Domisili
                                                               Citizenship                              Age                               Domicile
                                                               Warga Negara Indonesia                   59 tahun                          Jakarta, Indonesia
                                                               Indonesian Citizens                      59 years old




Dasar Hukum Pengangkatan          SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 tanggal 1 Juli 2024
Legal Basis of Appointment        Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 dated July 1, 2024

Profil lengkap Beliau dapat dilihat pada Profil Dewan Komisaris di bab Profil Perusahaan dalam Laporan Tahunan ini.
His complete profile can be found in the Board of Commissioners’ Profiles section in the Company Profile chapter of this Annual Report.




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                                                                                                                                                 Tata Kelola Perusahaan
                                                                                                                                              Good Corporate Governance




                                                                Ir. Rimbun Situmorang
                                                                Anggota (Komisaris)
                                                                Member/Commissioner

                                                                Kewarganegaraan                            Usia                              Domisili
                                                                Citizenship                                Age                               Domicile
                                                                Warga Negara Indonesia                     58 tahun                          Pangkalan Bun, Kalimantan
                                                                Indonesian Citizens                        58 years old                      Tengah, Indonesia




Periode dan Masa Jabatan          2024 -2026, Periode ke-1
Period and Term of Office         1st Period

Dasar Hukum Pengangkatan          SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 tanggal 1 Juli 2024
Legal Basis of Appointment        Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 dated July 1, 2024

Profil lengkap Beliau dapat dilihat pada Profil Dewan Komisaris di bab Profil Perusahaan dalam Laporan Tahunan ini.
His complete profile can be found in the Board of Commissioners’ Profiles section in the Company Profile chapter of this Annual Report.




                                                     Rachmat Hidayat
                                                     Anggota (Pihak yang menduduki jabatan manajerial di bidang Sumber Daya Manusia)
                                                     Member/Party holding a managerial position under the Director in charge of human resources


                                                     Kewarganegaraan                            Usia                              Domisili
                                                     Citizenship                                Age                               Domicile
                                                     Warga Negara Indonesia                     49 tahun                          Pangkalan Bun, Kalimantan
                                                     Indonesian Citizens                        49 years old                      Tengah, Indonesia


Dasar Hukum Penunjukan             SK Dewan Komisaris PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 tanggal 1 Juli 2024
Legal Basis of Appointment         Decree of the Board of Commissioners of PT Sawit Sumbermas Sarana Tbk No. 002/SSMS-JKT/VII/2024 dated July 1, 2024

Riwayat Pendidikan                 •    Magister Manajemen, jurusan Pengembangan Sumber Daya Manusia, Mercu Buana; serta
Education History                  •    Sarjana Teknik Industri, Universitas Pasundan
                                   •    Master of Management, majoring in Human Resources Development, Universitas Mercu Buana; and
                                   •    Bachelor of Industrial Engineering, Universitas Pasundan.

Pengalaman Kerja                   •    Kepala Departemen Sustainability Downstream PT Sawit Sumbermas          •    Sustainability Downstream Department Head of PT Sawit
Work Experience                         Sarana Tbk;                                                                  Sumbermas Sarana Tbk;
                                   •    Human Resources Head Plantations Hardaya Plantations Group              •    Human Resources Head Plantations of Hardaya Plantations Group
                                        (2014-2020);                                                                 (2014-2020);
                                   •    General Manager Human Resources PT BW Plantation Tbk                    •    General Manager Human Resources of PT BW Plantation Tbk
                                        (2013-2014);                                                                 (2013-2014);
                                   •    Senior Human Resources Manager PT BW Plantation Tbk (2011-2012);        •    Senior Human Resources Manager of PT BW Plantation Tbk (2011-
                                                                                                                     2012);
                                   •    Organization Development Manager PT BW Plantation Tbk                   •    Organization Development Manager of PT BW Plantation Tbk
                                        (2008-2011);                                                                 (2008-2011);
                                   •    Personnel & General Affairs Senior Manager PT Sinar Alam Permai-        •    Personnel & General Affairs Senior Manager of PT Sinar Alam Permai-
                                        Wilmar Group (2005-2008); dan                                                Wilmar Group (2005-2008); and
                                   •    Plasma KPPA Assistant Manager PT Harapan Sawit Lestari-Cargill          •    Plasma KPPA Assistant Manager of PT Harapan Sawit Lestari-
                                        (2000-2005).                                                                 Cargill (2000-2005).

Rangkap Jabatan                    Head of Human Resources Department PT Sawit Sumbermas Sarana Tbk (sejak 2023).
Concurrent Position                Head of Human Resources Department of PT Sawit Sumbermas Sarana Tbk (since 2023).

Keahlian                           Human Resources, Sustainability, General Affairs & Hubungan Industrial, serta Manajemen Operasional di Industri Perkebunan dan Agribisnis.
Expertise                          Human Resources, Sustainability, General Affairs & Industrial Relations, as well as Operational Management in the Plantation and Agribusiness Industry.




                                                                                                                                        PT Sawit Sumbermas Sarana Tbk               215
Page 216
Independensi Komite Nominasi dan Remunerasi                                            Independence of Nomination and
                                                                                       Remuneration Committee
Perseroan memastikan setiap anggota Komite Nominasi dan                                The Company ensures every member of the Nomination and
Remunerasi menjalankan tugasnya secara independen dan objektif.                        Remuneration Committee performs its duties independently
Komite Nominasi dan Remunerasi berperan dalam menjaga                                  and objectively. The Nomination and Remuneration Committee
transparansi bisnis dan memastikan kepatuhan terhadap prinsip                          maintains business transparency and ensures compliance to GCG
GCG. Pernyataan independensi berikut mencerminkan komitmen                             principles. The following statement of independence is reflecting
tersebut.                                                                              the commitment.


                                    Pernyataan Independensi                                                              Ir. Rimbun        Rachmad
                                                                                                         Hoesen
                                   Statement of Independence                                                            Situmorang          Hidayat

 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk                       √                √                  √
 merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu 6
 bulan terakhir (kecuali Komisaris Independen).
 Not a person who works or has the authority and responsibility to plan, lead, control, or supervise
 the Company’s activities within the last 6 months (except for Independent Commissioners).

 Tidak mempunyai saham langsung maupun tidak langsung di Perseroan.                                        √                √                  √
 Does not have direct or indirect shares in the Company

 Keluarga tidak mempunyai saham langsung maupun tidak langsung di Perseroan.                               √                √                  √
 The family has neither direct nor indirect shares in the Company.

 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota Direksi, atau                   √                √                  √
 Pemegang Saham Utama Perseroan.
 Has no Affiliation with members of the Board of Commissioners, members of the Board of Directors,
 or Major Shareholders of the Company.

 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan dengan                  √                √                  √
 kegiatan usaha Perseroan.
 Does not have a business relationship either directly or indirectly related to the Company’s business
 activities.

 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota legislatif dan/atau                 √                √                  √
 merupakan calon atau menjabat sebagai kepala/wakil kepala pemerintahan daerah.
 Does not serve as an administrator of a political party and/or candidate/member of the legislature
 and/or is a candidate or serves as the head/deputy head of local government.

 √ = Terpenuhi | Comply      x : Tidak terpenuhi | Not Comply



RAPAT KOMITE NOMINASI DAN REMUNERASI                                                   NOMINATION AND REMUNERATION
                                                                                       COMMITTEE MEETING

Kebijakan Rapat                                                                        Meeting Policy
Berdasarkan POJK No. 34/POJK.04/2014, Komite Nominasi dan                              Pursuant to OJK Regulation No. 34/POJK.04/2014, the Nomination
Remunerasi wajib mengadakan rapat secara berkala paling sedikit                        and Remuneration Committee is required to convene meetings on
1 (satu) kali dalam 4 (empat) bulan.                                                   a regular basis at least 1 (one) every 4 (four) months.

Pelaksanaan Rapat                                                                      Meeting Implementation
Sepanjang tahun 2025, Komite Nominasi dan Remunerasi belum                             Throughout 2025, the Nomination and Remuneration Committee
menyelenggarakan rapat. Hal ini dikarenakan fungsi nominasi dan                        did not convene any meetings. This was because the nomination
remunerasi masih sepenuhnya dilakukan oleh Dewan Komisaris.                            and remuneration functions were still fully carried out by the
Dengan demikian, informasi mengenai pelaksanaan rapat Komite                           Board of Commissioners. Accordingly, information regarding the
Nominasi dan Remunerasi tidak dapat disajikan dalam laporan ini.                       implementation of Nomination and Remuneration Committee
                                                                                       meetings cannot be presented in this report.




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                                                                                                           Tata Kelola Perusahaan
                                                                                                        Good Corporate Governance




PELATIHAN KOMITE NOMINASI                                           NOMINATION AND REMUNERATION
DAN REMUNERASI                                                      COMMITTEE TRAINING

Sepanjang tahun 2025, Komite Nominasi dan Remunerasi Perseroan      Throughout 2025, the Company’s Nomination and Remuneration
tidak mengikuti program pelatihan atau pengembangan kompetensi      Committee did not participate in any specific training or competency
khusus. Hal ini dikarenakan Komite Nominasi dan Remunerasi          development programs. This was due to the fact that the Nomination
baru dibentuk kembali pada pertengahan tahun 2024 sehingga          and Remuneration Committee had only been re-established in mid-
sepanjang tahun pelaporan Perseroan masih memfokuskan pada          2024. During the reporting year, the Company primarily focused on
proses penyesuaian struktur kerja, penguatan fungsi komite, serta   strengthening the committee’s working structure, reinforcing its
pelaksanaan tugas dan tanggung jawab sesuai dengan ketentuan        functions, and ensuring the effective implementation of its duties
yang berlaku. Perseroan tetap berkomitmen untuk mendorong           and responsibilities in accordance with applicable regulations.
peningkatan kompetensi anggota Komite Nominasi dan Remunerasi       The Company remains committed to supporting the competency
melalui program pelatihan yang relevan pada periode mendatang.      development of the Nomination and Remuneration Committee
                                                                    members through relevant training programs in the future.

LAPORAN SINGKAT PELAKSANAAN KEGIATAN                                SUMMARY REPORT OF NOMINATION AND
KOMITE NOMINASI DAN REMUNERASI                                      REMUNERATION COMMITTEE ACTIVITIES

Sepanjang tahun 2025, Komite Nominasi dan Remunerasi belum          Throughout 2025, the Nomination and Remuneration Committee
melaksanakan kegiatan operasional maupun rapat formal. Hal          did not conduct any operational activities or formal meetings. This
ini disebabkan komite tersebut baru didirikan kembali pada          was due to the committee having been re-established only in mid-
pertengahan tahun 2024, sehingga masih dalam tahap penataan         2024 and still being in the process of structuring its organization,
struktur, penyusunan pedoman kerja, serta konsolidasi fungsi.       preparing its charter, and consolidating its functions. In the interim,
Untuk sementara, pelaksanaan fungsi nominasi dan remunerasi         the nomination and remuneration functions continued to be carried
masih dijalankan oleh Dewan Komisaris sesuai dengan ketentuan       out by the Board of Commissioners in accordance with prevailing
yang berlaku, sambil mempersiapkan agar Komite Nominasi             regulations, while preparing for the Committee to operate optimally
dan Remunerasi dapat beroperasi secara optimal pada periode         in the following period.
berikutnya.




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Organ Pendukung Direksi
Supporting Organs of the Board of Directors


SEKRETARIS PERUSAHAAN                                                           CORPORATE SECRETARY

Fungsi Sekretaris Perusahaan dibentuk dalam rangka sebagai                      The Corporate Secretary’s role is to act as a liaison officer in
pejabat penghubung (Liaison Officer) dalam berkomunikasi dengan                 communicating with stakeholders, as well as to ensure that all of
pemangku kepentingan, serta memastikan seluruh aktivitas                        the Company’s operational activities align with the good corporate
operasional Perseroan selaras dengan prinsip tata kelola perusahaan             governance principles. This is in line with Financial Services Authority
yang baik. Hal ini sejalan dengan POJK No. 35 Tahun 2014 tentang                Regulation (POJK) No. 35 of 2014 concerning the Corporate Secretary
Sekretaris Perusahaan Emiten atau Perusahaan Publik.                            of Issuers or Public Companies.

STRUKTUR ORGANISASI DEPARTEMEN                                                  ORGANIZATIONAL STRUCTURE OF
SEKRETARIS PERUSAHAAN                                                           CORPORATE SECRETARY


                                                                     Direktur Utama
                                                                    President Director




                                                                     Group Head
                                                              Corporate Secretary & Legal




           Manager Corporate
                                             Manager Investor Relation             Manager Corporate Legal           Manager Corporate Secretary
            Communication




            Staff Corporate
                                              Staff Investor Relation                Staff Corporate Legal            Staff Corporate Secretary
            Communication



Sesuai dengan Surat Keputusan Direksi No. F-HRDGA.GN-001 tanggal                In accordance with Decree No. F-HRDGA.GN-001 dated December
31 Desember 2024, kedudukan Sekretaris Perusahaan berada di                     31, 2024, the Corporate Secretary Division reports directly to
bawah Direktur Utama. Hal itu bertujuan untuk mengoptimalkan                    the President Director. This is aimed to optimize the Company’s
kinerja Perusahaan serta implementasi GCG.                                      performance and GCG Implementation.

Sekretaris Perusahaan membawahi beberapa departemen,                            The Corporate Secretary oversees several departments, including
termasuk, Hubungan Investor, Komunikasi Korporat, dan Legal                     Investor Relations, Corporate Communications, and Corporate Legal.
Korporat.

Sejak tahun 2024, Departemen Sekretaris Perusahaan dipimpin                     Since 2024, the Corporate Secretary Department has been led by
oleh Bapak Deni Agustinus Damayanto.                                            Mr. Deni Agustinus Damayanto.




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                                                                                                                         Good Corporate Governance




Profil Sekretaris Perusahaan                                                     Profile of Corporate Secretary




                                                     Deni Agustinus Damayanto
                                                     Sekretaris Perusahaan
                                                     Corporate Secretary

                                                     Kewarganegaraan                      Usia                          Domisili
                                                     Citizenship                          Age                           Domicile
                                                     Warga Negara Indonesia               47 tahun                      Jakarta, Indonesia
                                                     Indonesian Citizens                  47 years old




 Dasar Hukum Penunjukan       Surat keputusan Direksi No. 001/SSMS-JKT/I/2024 tanggal 2 Januari 2024.
 Legal Basis of Appointment   Directors Decree No. 001/SSMS-JKT/I/2024 dated January 2, 2024.

 Riwayat Pendidikan           Sarjana Ilmu Hukum, Universitas Indonesia (2004).
 Education History            Bachelor of Law, Universitas Indonesia (2004).

 Pengalaman Kerja             •   Corporate Secretary PT Citra Borneo Utama Tbk (2022-        •      Corporate Secretary PT Citra Borneo Utama Tbk (2022-
 Work Experience                  2023)                                                              2023);
                              •   Head Corporate Legal PT Sawit Sumbermas Sarana Tbk          •      Head Corporate Legal PT Sawit Sumbermas Sarana Tbk
                                  (2014-2022);                                                       (2014-2022);
                              •   Associate Brigitta I. Rahayoe & Partners (2010-2014); dan   •      Associate Brigitta I Rahayoe & Partners (2010-2014); and
                              •   Associate Soebagjo Jatim Djarot (2006-2010).                •      Associate Soebagjo Jatim Djarot (2006-2010).

 Rangkap Jabatan              Tidak memiliki rangkap jabatan di perusahaan atau institusi lainnya.
 Concurrent Position          Has no concurrent position in other company or institutions

 Keahlian                     Komunikasi, Pemahaman Tentang Regulasi dan Hukum, Kemampuan Organisasi, Kemampuan Analytical dan Pengambilan
 Expertise                    Keputusan.
                              Communications, Understandings of Regulations and Law, Organizational Capability, Analytical and DecisionMaking Capability.

 Keanggotaan Asosiasi         Perhimpunan Advokat Indonesia (PERADI).                         Indonesian Advocates Association (PERADI).
 Association Membership



Tugas Dan Tanggung Jawab                                                        Duties and Responsibilities of
Sekretaris Perusahaan                                                           The Corporate Secretary

Tugas dan tanggung jawab Sekretaris Perusahaan meliputi:                        Duties and responsibilities of corporate secretary including:
1. Berperan sebagai koordinator dalam merencanakan dan                          1. Serves as a coordinator in planning and evaluating all aspects
   melakukan evaluasi atas semua aspek yang berkaitan dengan                        related to the relationship between the Company and
   hubungan antara Perseroan dan para Pemangku Kepentingan                          Stakeholders so that understanding, harmonious relations and
   sehingga dapat tercipta pemahaman, hubungan yang harmonis,                       community support for the Company can be created;
   serta dukungan masyarakat terhadap Perseroan;
2. Berperan sebagai penghubung antara perusahaan, khususnya                     2. Serves as a liaison between the company, especially in building
   dalam membangun komunikasi dengan pihak-pihak eksternal,                        communication with external parties, so as to minimize
   sehingga mampu meminimalisasikan kerancuan atau                                 confusion or ambiguity that can affect the performance and
   ketidakjelasan yang dapat mempengaruhi kinerja dan citra                        image of Company;
   perusahaan;
3. Merencanakan dan menyelenggarakan Rapat Komisaris dan atau                   3. Plans and organizes Board of Commissioners and/or Board of
   Direksi, Rapat Komite Audit, Rapat Umum Pemegang Saham,                         Directors Meetings, Audit Committee Meetings, GMS, public
   paparan publik, pertemuan dengan para Pemegang Saham,                           expose, meetings with Shareholders, investors, analysts, and
   investor, analis dan wartawan;                                                  journalists;
4. Menyimpan dan mendokumentasikan semua kegiatan                               4. Stores and documents all company activities, especially those
   perusahaan, khususnya yang mungkin diperlukan sebagai bukti                     that may be needed as supporting evidence when Company faces
   pendukung pada saat Perseroan menghadapi kondisi sulit akibat                   difficult conditions due to a company policy or faces a lawsuit;
   suatu kebijakan perusahaan ataupun untuk menghadapi suatu
   tuntutan hukum;
                                                                                                                    PT Sawit Sumbermas Sarana Tbk       219
Page 220
5. Mengikuti perkembangan pasar modal, khususnya peraturan-                  5. Keep abreast of capital market developments, in particular
   peraturan yang berlaku, serta memberikan masukan kepada                      the applicable regulations, as well as provide input to Board
   Direksi dan Dewan Komisaris tentang ketentuan-ketentuan                      of Directors and Board of Commissioners regarding Capital
   Pasar Modal;                                                                 Market provisions;

6. Menjaga kerahasiaan dokumen maupun data perusahaan;                       6. Maintains the confidentiality of company documents and data;
7. Bekerja sama dengan Divisi Keberlanjutan Perseroan dalam                  7. Collaborates with Company’s Sustainability Division in
   pelaksanaan kegiatan program keberlanjutan (Corporate Social                 implementing the corporate social responsibility (CSR)
   Responsibility/CSR).                                                         sustainability program activities.

Pelatihan Sekretaris Perusahaan                                              Corporate Secretary Training

Selama tahun 2025, Sekretaris Perusahaan telah mengikuti program             Throughout 2025, the Corporate Secretary has been participated
pelatihan sebagai berikut:                                                   in the following training programs:


                Tanggal                         Nama Kegiatan                              Tempat                         Penyelenggara
                 Date                            Event Name                                 Place                           Organizer

 22 Januari 2025                      Sosialisasi ESG Reporting              Online Meeting                       Bursa Efek Indonesia
 January 22, 2025                     ESG Reporting Socialization                                                 Indonesia Stock Exchange

 26 Mei 2025                          Implikasi Hukum dan Bisnis dari Perpres Online Meeting                      Perkumpulan Praktisi Profesional
 May 26, 2025                         ISPO 2025                                                                   Association of Professional
                                      Legal and Business Implications of the                                      Practitioners
                                      2025 ISPO Presidential Regulation

 9 September 2025                     Solusi Modern Tata Kelola RUPS         Online Meeting                       ICSA
 September 9, 2025                    Modern Solutions for GMS Governance



LAPORAN SINGKAT PELAKSANAAN                                                  SUMMARY REPORT OF CORPORATE
TUGAS SEKRETARIS PERUSAHAAN                                                  SECRETARY DUTIES

Di sepanjang tahun 2025, Sekretaris Perusahaan telah melaksanakan            Throughout 2025, the Corporate Secretary has carried out the
kegiatan-kegiatan dan tanggung jawabnya sebagai berikut:                     following activities and responsibilities:
1. Menyelenggarakan Public Expose tahun 2025 secara online                   1. Organized the Company’s 2025 Public Expose online on 8
    pada 8 Mei 2025. Keterlibatan dengan pemegang saham dan                       May 2025. Engagement with shareholders and investors was
    investor dilakukan untuk memperkuat komunikasi dan hubungan                   conducted to strengthen communication and foster harmonious
    yang harmonis.                                                                relationships.
2. Melakukan keterbukaan informasi atas aksi korporasi sesuai                2. Disclosed information on corporate actions in accordance with
    ketentuan. Sekretaris Perusahaan juga berinteraksi dengan                     prevailing regulations. The Corporate Secretary also interacted
    media dan pemegang saham untuk menjaga transparansi.                          with the media and shareholders to maintain transparency.
3. Menyelenggarakan RUPS Tahunan tahun buku 2024 dan RUPS                    3. Held the Annual General Meeting of Shareholders (AGMS) for
    Luar Biasa pada tanggal 21 April 2025, RUPS Luar Biasa dan                    fiscal year 2024 and an Extraordinary General Meeting of
    Independen dan 30 Oktober 2025. Rapat Dewan Komisaris dan                     Shareholders (EGMS) on 21 April 2025, as well as an Extraordinary
    Direksi diadakan sebanyak 22 kali, dan risalah rapat disusun                  and Independent GMS on 30 October 2025. A total of 22 meetings
    sebagai dokumentasi resmi.                                                    of the Board of Commissioners and the Board of Directors were
                                                                                  conducted, and minutes of meetings were prepared as official
                                                                                  documentation.
4. Mengadministrasikan surat masuk dan menyimpan dokumentasi                 4. Administered incoming correspondence and maintained records
   rapat serta kebijakan dalam arsip digital dan fisik. Sistem arsip              of meetings and policies in both digital and physical archives.
   memastikan aksesibilitas dan ketertiban dokumen.                               The archiving system ensured document accessibility and proper
                                                                                  order.
5. Menerapkan kebijakan keamanan dokumen dan data. Pelatihan                 5. Implemented document and data security policies. Data
   kerahasiaan data diadakan untuk memastikan perlindungan                        confidentiality training was conducted to ensure the protection
   terhadap informasi perusahaan.                                                 of corporate information.
6. Menyampaikan laporan berkala dan insidentil kepada regulator.             6. Submitted periodic and incidental reports to regulators. The
   Sekretaris Perusahaan memberikan masukan terkait perubahan                     Corporate Secretary also provided input regarding changes in
   regulasi pasar modal untuk mendukung pengambilan keputusan.                    capital market regulations to support decision-making.
7. Berpartisipasi dalam program CSR bersama Departemen                       7. Participated in CSR programs together with the Sustainability
   Keberlanjutan, mencakup perencanaan, koordinasi, dan publikasi                 Department, including planning, coordination, and publication
   kegiatan CSR kepada pemangku kepentingan eksternal.                            of CSR activities to external stakeholders.

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                                                                                                                                                      Good Corporate Governance




  DEPARTEMEN KEBERLANJUTAN                                                                               SUSTAINABILITY DEPARTMENT

  Departemen Keberlanjutan adalah organ yang bertanggung jawab                                           The Sustainability Department is the organ responsible for
  dalam menentukan kebijakan keberlanjutan, mengkoordinir praktik                                        determining sustainability policies, coordinating sustainability
  keberlanjutan yang dilaksanakan oleh departemen terkait dan                                            practices implemented by relevant departments, and managing
  mengelola lalu lintas data dan informasi terkait keberlanjutan.                                        the flow of sustainability-related data and information.



  Struktur Organisasi Departemen Keberlanjutan                                                           Organizational Structure of Sustainability
                                                                                                         Department



                                                                                          CEO SSMS




                                                                                    Henky Satrio Wibowo
                                                                                  Chief Sustainability Officer




                                                       Andri Najiburrahman
                                                      Dept. Head Sustainability




                      Angga Sanggaha                                                                    Vacant                                                             Joko Triyanto
                    Manager QHSE System &                                                        Manager Tracebility, ISH,                                                  Manager Non
                         Certification                                                            RaCP & Environment                                                     Sustainability SSMS


                                                                                                                               Amrin Fauzi P.
                                                                                                                                    Lubis                                   Ibnu Hartanto
Wulan Damayanti       Achmad Jubair              Vacant                  Bintang Soma P.                                                           Fheny Anggriyani
                                                                                                        Vacant               Assistant Manager                                 Mahadi
Assistant Manager          Syam             Assistant Manager           Assistant Manager                                                          Assistant Manager
                                                                                                       Assistant                HCV - HCS,                                Assistant Manager
   RSPO, & ISO       Assistant Manager        Certification               Engagement &                                                              Media, Reporting
                                                                                                     Manager RaCP              Environment                                Non Sustainability
     System            ISPO & Carbon             Plasma                     Tracebility                                                             & External Score
                                                                                                                                 Fire & Fire
                                                                                                                                                                                SSMS
                                                                                                                               Management


                                                                                                      Amrullah
                       Ndaru Agung                                         Altria M. Putri                                    Ayong Wahana          Nadya P. Rizki         Nur Weda Wani
 Tyas Maulana                                    Vacant                                              Staff Project
                         Santoso                                           Staff Social &                                    Staff Environment      Staff Admin &         Staff Environment
Staff ISO System                              Staff Plasma                                         RaCP (Salat Island
                        Staff ISPO                                       Tracebility Reg 1-2                                      & Waste           Budget Control         & Conservation
                                                                                                     & Petak Puti)



                                                                                                   Affan Kurniawan
                                                                         Fandi Febriansyah           Staff Project
                          Vacant                                                                                                  Vacant                                      Nur Aulia
Mei Lilis Suryani                                                        Staff Independent           RaCP (Danau
                        Staff Carbon                                                                                          Staff HCV - Peat                               Staff OHS &
  Staff RSPO                                                                Smallholder              Seluluk, Tani
                          & SCCS                                                                    Sejati & Mawar                                                             Admin
                                                                           Certification
                                                                                                       Bersemi)



                                                                                                        Vacant                 Ratna Ayu N.
                                                                                                     Staff Project              Staff Fire
                                                                                                     RaCP SML 1 &             Management &
                                                                                                      Masoraian                Admin Enviro




                                                                                                         Vacant
                                                                                                      Staff Project
                                                                                                      RaCP SML 2




                                                                                                                                                 PT Sawit Sumbermas Sarana Tbk       221
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Sesuai dengan Surat Keputusan Direksi pada tanggal 30 Oktober            Pursuant to Board of Directors Decree dated October 30, 2025, the
2025, kedudukan Departemen Sustainability berada di bawah                Sustainability Department is placed under the Sustainability Director.
Direktur Keberlanjutan. Hal itu bertujuan untuk mengoptimalkan           This is intended to optimize sustainability performance as well as
kinerja keberlanjutan serta implementasi tata Kelola keberlanjutan.      the implementation of sustainability governance.

KEANGGOTAAN DEPARTEMEN                                                   MEMBERSHIP OF THE
KEBERLANJUTAN                                                            SUSTAINABILITY DEPARTMENT

Departemen Keberlanjutan membawahi beberapa unit yang terkait            The Sustainability Department oversees several units related to
dengan keberlanjutan.                                                    sustainability.

Berdasarkan SK Direksi tanggal 16 Maret 2025 susunan keanggotaan         Based on Board of Directors Decree dated March 16, 2025, the
Departemen Keberlanjutan Perseroan adalah sebagai berikut:               composition of the Company’s Sustainability Department is as
                                                                         follows:
 Pembina | Advisor                               Henky Satrio Wibowo

 Kepala Departemen                               Andri Najiburrahman
 Department Head

 Manajer                                         Angga Sanggraha
 Manager
 Asisten Manajer                                 •   Amrin Fauzi Lubis
 Manager Assistant                               •   Bintang Soma Perdana
                                                 •   Wulan Damayanti
                                                 •   Ahmad Jubair Syam
                                                 •   Fheny Anggriyani

 Staf                                            •   Tyas Maulana
 Staff                                           •   Fandi Febriansyah
                                                 •   Amrullah
                                                 •   Affan Kurniawan
                                                 •   Ayong Wahana
                                                 •   Nadya Prashinta Rizki
                                                 •   Altria Mardiana Putri
                                                 •   Ratna Ayu Nandaretta
                                                 •   Meililis Suryani
                                                 •   Ndaru Agung Santoso




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                                                                                                                             Good Corporate Governance




PROFIL KEPALA DEPARTEMEN                                                           PROFILE OF SUSTAINABILITY
KEBERLANJUTAN                                                                      DEPARTMENT HEAD




                                                      Andri Najiburrahman
                                                      Kepala Departemen Keberlanjutan
                                                      Sustainability Department Head

                                                      Kewarganegaraan                        Usia                          Domisili
                                                      Citizenship                            Age                           Domicile
                                                      Warga Negara Indonesia                 38 tahun                      Kotawaringin Barat, Indonesia
                                                      Indonesian Citizens                    38 years old


Dasar Hukum Penunjukan       Surat keputusan Direksi No. 00658/SSS-HRD/SKM/MK/IX/2025
Legal Basis of Appointment   Directors Decree No. 00658/SSS-HRD/SKM/MK/IX/2025

Riwayat Pendidikan           Ilmu Matematika dan Ilmu Pengetahuan Alam, Universitas Jember, Jawa Timur (2005 – 2010)
Education History            Mathematics and Natural Sciences, University of Jember, East Java (2005 – 2010)

Pengalaman Kerja             Memiliki lebih dari 10 tahun pengalaman di bidang Environment, He has more than 10 years of experience in the fields of
Work Experience              Health, Safety dan Sustainability pada industri kelapa sawit.  Environment, Health, Safety and Sustainability in the palm oil
                                                                                            industry.

                             Sejak tahun 2025 menjabat sebagai Kepala Departemen                  Since 2025, he has served as Head of the Sustainability
                             Keberlanjutan di PT Sawit Sumbermas Sarana Tbk., dengan              Department at PT Sawit Sumbermas Sarana Tbk., with primary
                             tanggung jawab utama dalam pengembangan dan implementasi             responsibility for the development and implementation of
                             sistem ketertelusuran (traceability), RSPO Remediation               traceability systems, RSPO Remediation and Compensation
                             dan Compensation Procedure, serta program pengelolaan                Procedures, as well as environmental management and
                             lingkungan dan konservasi. Berperan dalam memastikan                 conservation programs. Plays a role in ensuring compliance
                             kepatuhan dan peningkatan kinerja terhadap standar                   and performance improvement with national and international
                             keberlanjutan nasional dan internasional, termasuk RSPO,             sustainability standards, including RSPO, ISPO, ISO 14001, ISO
                             ISPO, ISO 14001, ISO 45001, dan PROPER.                              45001, and PROPER.

Rangkap Jabatan              Tidak memiliki rangkap jabatan di perusahaan atau institusi lainnya.
Concurrent Position          Has no concurrent position in other company or institutions

Keahlian                     •     Sustainability Certification Management (RSPO, ISPO, ISCC, BHRISC 2011)
Expertise                    •     RSPO Remediation & Compensation Procedure (RaCP)
                             •     PROPER Compliance & Performance Improvement
                             •     Environmental & Conservation Management
                             •     High Conservation Value (HCV) Assessment & Management
                             •     ISO Management System Implementation
                             •     Traceability System Development
                             •     Independent Smallholder Certification & Capacity Building

Sertifikasi                   Memiliki sertifikasi internasional sebagai Lead Auditor ISO          Holds international certifications as ISO 14001:2015 and ISO
Certification                14001:2015 dan ISO 45001:2018 (CQI/IRCA), serta kualifikasi          45001:2018 (CQI/IRCA) Lead Auditors, as well as professional
                             profesional di bidang ISCC, ISPO, dan fasilitator sertifikasi RSPO   qualifications in the field of ISCC, ISPO, and RSPO certification
                             untuk petani swadaya. Didukung kompetensi teknis sebagai             facilitator for independent smallholders. Supported by technical
                             HCV Lead Assessor dan auditor internal sistem manajemen              competence as HCV Lead Assessor and internal auditor of
                             lingkungan dan K3.                                                   environmental management system and K3.




                                                                                                                       PT Sawit Sumbermas Sarana Tbk          223
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Tugas dan Tanggung Kepala Departemen                                           Duties and Responsibilities of the
Keberlanjutan                                                                  Sustainability Department Head
Tugas dan tanggung jawab Kepala Departemen Keberlanjutan                       The Sustainability Department Head duties and responsibilities are
meliputi:                                                                      disclosed as follows:
1. Memastikan program sertifikasi ISO 9001, ISO 14001, ISO 45001,              1. Ensuring that the ISO 9001:2015, ISO 14001:2018, ISO 45001:2018,
   SCCS, ISCC, dan Bisnis dan HaK Asasi Manusia (BHRISC) berjalan                  Supply Chain Certification Standard (SCCS), International
   sesuai dengan strategi yang telah ditetapkan                                    Sustainability and Carbon Certification (ISCC), as well as Business
                                                                                   and Human Rights International Standard for Certification
                                                                                   (BHRISC) comply with the set strategy.
2. Memastikan program sertifikasi RSPO dan ISPO bagi Perusahaan,               2. Ensuring that the RSPO and ISPO certification programs for the
   plasma dan pekebun berjalan sesuai dengan strategi yang telah                   Company, plasma and plantations comply with the set strategy.
   ditetapkan
3. Memastikan implementasi Sistem Manajemen ISO 9001, ISO                      3. Ensuring the implementation of Management Systems ISO
   14001, ISO 45001, SCCS, ISCC, RSPO, ISPO, Bisnis dan HaK Asasi                 9001:2015, ISO 14001:2018, ISO 45001:2018, SCCS, ISCC, BHRISC,
   Manusia (BHRISC), Komunitas Sosial dan Manajemen Kebakaran                     as well as Social Community and Fire Management
4. Memastikan program traceability system, program landscape                   4. Ensuring that the traceability system program, the landscape
   management, program kemitraan penjagaan hutan dan                              management, the forest preservation partnership and
   pemberdayaan masyarakat (desa binaan), dan program                             community empowerment (assisted villages), as well as the
   konservasi orangutan berjalan sesuai dengan strategi yang                      orangutan conservation program comply with set strategy.
   telah ditetapkan.
5. Memastikan penerapan kebijakan keberlanjutan,                               5. Ensuring that the Policies of Sustainability, Biodiversity, No
   keanekaragaman hayati, NDPE serta HCV dan HCS untuk seluruh                    Deforestation, No Peat, No Exploitation (NDPE); as well as High
   unit bisnis SSMS Group.                                                        Conservation Value (HVC) and High Carbon Stock (HCS) are
                                                                                  implemented in all business units of the Company.
6. Memastikan sistem perhitungan dan registrasi karbon pada                    6. Ensuring that the carbon calculation and registration system
   unit bisnis SSMS Group.                                                        in SSMS Group business units run effectively.
7. Bertanggung jawab langsung dan menangani keluhan eksternal,                 7. Directly responsible for handling external complaints, Non-
   permasalahan LSM dan keterlibatan dengan pembeli untuk isu                     Governmental Organization (NGO) issues, and engagement with
   keberlanjutan.                                                                 buyers for sustainability issues.

Pelatihan Departemen Keberlanjutan                                             Training of Sustainability Department
Selama tahun 2025, Departemen Keberlanjutan telah mengikuti                    Throughout 2025, the Sustainability Department has been
program pelatihan sebagai berikut:                                             participated in the following training programs:
            Tanggal                                    Nama Kegiatan                                 Tempat                    Penyelenggara
             Date                                       Event Name                                    Place                      Organizer

 6 – 7 Mei 2025                Penulisan Jurnalistik                                         Abdul Rasyid Tower         Media Indonesia
 May 6-7, 2025                 Journalism writing

 Mei 2025                      Training Google Earth Engine                                  Abdul Rasyid Tower         PT Geoaccess Indonesia
 May 2025

 23 – 25 Juni 2025             In House Training Social Return on Investment                 Abdul Rasyid Tower         Bina Swadaya Konsultan
 June 23-25, 2025

 11 - 16 Agustus 2025          HCV-HCS Lead Assessor ALS Integrated Training                 Bogor                      Remark Asia
 August 11-16, 2025

 25 Septermber – 03 Oktober Training Lead Auditor ISPO                                       Bangka Belitung            Mutu Institute
 2025
 September 25 – October 03, 2025

 01 – 02 Desember 2025         In House Training ESG dan GRI Untuk Pelaporan Eksternal       Abdul Rasyid Tower         Global Reporting Initiative (GRI)
 December 01 – 02, 2025        In House Training ESG and GRI for External Reporting                                     ASEAN Network


Laporan Singkat Pelaksanaan Tugas                                              Summary Report of Sustainability
Departemen Keberlanjutan                                                       Department Duties
Di sepanjang tahun 2025, Departemen Keberlanjutan telah                        Throughout 2025, the Sustainability Department has carried out
melaksanakan kegiatan-kegiatan dan tanggung jawabnya sebagai                   the following activities and responsibilities:
berikut:
1. Mengelola dan memastikan efektivitas implementasi serta                     1. Manage and ensure the effective implementation and
    pemeliharaan sertifikasi ISO 9001, ISO 14001, ISO 45001, SCCS,                maintenance of ISO 9001, ISO 14001, ISO 45001, SCCS, and
    dan Business and Human Rights International Standards                         International Business and Human Rights Standards (BHRISC)
    (BHRISC) sesuai dengan strategi perusahaan.                                   certifications in line with the Company’s strategy.

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2. Mengawal pencapaian dan pemeliharaan sertifikasi RSPO dan             2. Oversee the achievement and maintenance of RSPO and
   ISPO untuk entitas perusahaan, plasma, serta pekebun swadaya             ISPO certifications for Company entities, smallholders, and
   secara terintegrasi.                                                     independent smallholders in an integrated manner.
3. Memastikan penerapan sistem manajemen dan standar                     3. Ensure the implementation of sustainability management
   keberlanjutan, termasuk manajemen mutu, lingkungan, K3, rantai           systems and standards, including quality, environment,
   pasok berkelanjutan, tanggung jawab sosial, serta manajemen              occupational health and safety (OHS), sustainable supply chain
   kebakaran di seluruh unit bisnis.                                        management, social responsibility, and fire management across
                                                                            all business units.
4. Mengembangkan dan mengawasi pelaksanaan program strategis             4. Develop and oversee the implementation of strategic
   keberlanjutan, meliputi sistem ketertelusuran (traceability),            sustainability programs, including traceability systems,
   pengelolaan lanskap, kemitraan penjagaan hutan, pemberdayaan             landscape management, forest protection partnerships,
   masyarakat (desa binaan), serta konservasi orangutan.                    community empowerment (desa asuh), and orangutan
                                                                            conservation initiatives.
5. Menjamin implementasi kebijakan keberlanjutan perusahaan,             5. Ensure the implementation of the Company’s sustainability
   termasuk komitmen NDPE, perlindungan keanekaragaman                      policies, including NDPE commitments, biodiversity protection,
   hayati, serta pengelolaan kawasan HCV dan HCS di seluruh unit            and management of HCV and HCS areas across all SSMS Group
   operasional SSMS Group.                                                  operational units.
6. Mengelola sistem perhitungan, pencatatan, dan registrasi emisi        6. Manage systems for calculating, recording, and registering
   karbon sebagai bagian dari penguatan tata kelola perubahan               carbon emissions as part of strengthening the Company’s
   iklim perusahaan.                                                        climate governance.
7. Mengelola keterlibatan pemangku kepentingan eksternal,                7. Manage engagement with external stakeholders, including
   termasuk penanganan keluhan, isu LSM, serta komunikasi                   handling complaints, NGO-related issues, and communicating
   dengan pembeli terkait aspek keberlanjutan.                              with buyers on sustainability issues.

DEPARTEMEN AUDIT INTERNAL                                                INTERNAL AUDIT DEPARTMENT

Departemen Audit Internal adalah bagian penting dalam struktur           The Internal Audit Department is a vital component of the Company’s
organisasi perusahaan yang memiliki peran memberikan pandangan           organizational structure, tasked with providing an independent
independen dan objektif terkait aktivitas operasional perusahaan.        and objective perspective of the Company’s operational activities.
Direksi telah membentuk Departemen Audit Internal untuk membantu         Established by the Board of Directors, the Internal Audit Unit supports
Direksi dalam memastikan pengelolaan Perseroan menjadi lebih             better management of the Company by offering assurance as well as
baik dengan memberikan keyakinan, serta konsultasi yang bersifat         independent and objective consultation in creating and maintaining
independen dan obyektif dalam menciptakan dan menjaga nilai              value that aligns with stakeholder interests. To ensure independence
yang selaras dengan kepentingan pemangku kepentingan. Untuk              and objectivity, the Internal Audit Unit reports functionally to the
memastikan independensi dan objektivitas, Departemen Audit               President Director and to the Board of Commissioners through the
Internal secara fungsional melapor kepada Direktur Utama dan             Audit Committee.
kepada Dewan Komisaris melalui Komite Audit.

PIAGAM AUDIT INTERNAL                                                    INTERNAL AUDIT CHARTER

Departemen Audit Internal Perseroan telah memiliki Piagam Audit          The Company’s Audit Internal Department has established Internal
Internal yang telah disahkan oleh Direksi pada 31 Juli 2019. Piagam      Audit Charter which was approved by the Board of Directors on July
Audit Internal dapat diakses di https://cms.ssms.co.id/assets/           31, 2019 and can be accessed at https://cms.ssms.co.id/assets/
pages-assets/our-gcg-charter/document_20240502114935.pdf.                pages-assets/our-gcg-charter/document_20240502114935.pdf.

Tugas dan Tanggung Jawab                                                 Duties and Responsibilities of the
Departemen Audit Internal                                                Internal Audit Department

Tugas dan tanggung jawab Departemen Audit Internal Perseroan             Duties and responsibilities of Internal Audit Department according to
sesuai dengan Piagam Audit Internal, https://cms.ssms.co.id/             Internal Audit Charter, https://cms.ssms.co.id/assets/pages-assets/
assets/pages-assets/our-gcg-charter/document_20240502114935.             our-gcg-charter/document_20240502114935.pdf, is as follows:
pdf, adalah sebagai berikut:
1. Menyusun strategi dan rencana kerja audit tahunan serta               1. Develop an annual audit strategy and work plan, as well as
    pengembangan kemampuan dan keterampilan auditor                         developing auditor capabilities and skills based on risk-based
    berdasarkan hasil analisis risiko (risk based audit) yang dihadapi      audit faced by management in achieving the mission, vision,
    manajemen dalam pencapaian misi, visi, strategi perusahaan              company strategy and business strategy.
    dan strategi bisnis.




                                                                                                        PT Sawit Sumbermas Sarana Tbk     225
Page 226
2. Menguji dan mengevaluasi pelaksanaan pengendalian intern dan          2. Test and evaluate the implementation of internal control and
    sistem manajemen risiko sesuai dengan kebijakan perusahaan.             risk management systems in accordance with company policy.
3. Mempersiapkan dan melaksanakan audit ketaatan (compliance             3. Prepare and carry out the compliance audit on various provisions
    audit) terhadap berbagai ketentuan dan peraturan termasuk               and regulations, including company budgets and targets.
    anggaran dan target perusahaan.
4. Mempersiapkan dan melaksanakan audit keuangan (financial              4. Prepare and carry out financial audit on certain items to support
    audit) atas pos-pos tertentu untuk mendukung audit laporan              audits of financial statements by external auditors.
    keuangan oleh auditor eksternal.
5. Mempersiapkan dan melaksanakan audit operasional                      5. Prepare and carry out operational audit (operational or
    (operational atau management audit) untuk mengukur tingkat              management audit) to measure the level of efficiency,
    efisiensi, keefektifan, pelaksanaan kegiatan manajemen dalam            effectiveness, implementation of management activities in
    mencapai misi, tujuan dan strategi yang telah ditetapkan serta          achieving the established mission, goals and strategies, as well
    tingkat operational excellency yang diharapkan.                         as the expected level of operational excellence.
6. Mempersiapkan dan melaksanakan audit terhadap sistem                  6. Prepare and carry out audit of management information systems.
    informasi manajemen.
7. Mempersiapkan dan melaksanakan audit khusus (investigative            7. Prepare and carry out special audit (investigative audit),
    audit), terutama atas penugasan dari Chief Executive Officer            especially on assignment from the Chief Executive Officer and/
    dan/atau Dewan Komisaris dan permintaan manajemen atas                  or Board of Commissioners and at the request of management
    persetujuan Chief Executive Officer.                                    with the approval of the Chief Executive Officer.
8. Mempersiapkan dan melaksanakan audit pasif (desk audit)               8. Prepare and carry out passive audit (desk audit) of management
    terhadap laporan aktivitas manajemen.                                   activity reports.
9. Melakukan pemantauan dan pengecekan atas pelaksanaan                  9. Monitoring and checking the implementation of follow up
    tindak lanjut (corrective action) atas hasil internal audit maupun      (corrective action) on the results of internal and external audit.
    eksternal.
10. Memberikan masukan dalam penyempurnaan sistem, prosedur,             10. Provide input in the improvement of systems, procedures,
    anggaran dan kebijakan yang diperlukan bagi tercapainya                  budgets and policies needed to achieve efficiency and
    efisiensi dan keefektifan kegiatan dan pengendalian internal             effectiveness of activities and internal controls so that they
    sehingga selaras dengan misi dan tujuan serta strategi                   are in line with the company’s mission, goals and strategy.
    perusahaan.
11. Melakukan dan memberikan kontribusi untuk peningkatan                11. Conducting and contributing to the improvement of effective
    pengendalian yang efektif dengan melakukan review dan evaluasi           control by reviewing and evaluating the internal control on all
    terhadap pengendalian internal pada semua unit kegiatan di               of the business units within the company.
    lingkungan perusahaan.
12. Melakukan evaluasi dan memberikan kontribusi pada                    12. Evaluate and contribute to the improvement of the risk
    peningkatan proses manajemen risiko dengan membantu                      management process by helping the company identify and
    perusahaan mengidentifikasi dan mengevaluasi eksposur risiko             evaluate significant risk exposures.
    yang signifikan.
13. Menilai dan membuat rekomendasi untuk peningkatan proses             13. Assess and make recommendations to the improvement of the
    governance.                                                              governance processes.
14. Mengevaluasi kecukupan dari indikator pengukuran kinerja             14. Evaluate the adequacy of the performance measurement
    yang digunakan.                                                          indicators used.
15. Menyusun dan menyempurnakan standar kerja internal audit             15. Develop and improve internal audit work standards and company
    dan panduan internal audit perusahaan.                                   internal audit guidelines.
16. Melakukan koordinasi kegiatan internal audit dengan kegiatan         16. Coordinate internal audit activities with the activities of other
    unit-unit manajemen lain di lingkungan perusahaan.                       management units within the company.
17. Menyampaikan laporan hasil audit, rekomendasi perbaikan dan          17. Submit audit results report, improvement recommendations
    tindak lanjut yang telah, sedang dan/atau belum dilaksanakan             and follow-up actions that have been done, on progress and/
    manajemen kepada Direktur Utama dengan tembusan kepada                   or not yet implemented by the management to the President
    Dewan Komisaris.                                                         Director with a copy to the Board of Commissioners.
18. Memantau, menganalisa, dan melaporkan pelaksanaan tindak             18. Monitor, analyze, and report the implementation of the
    lanjut perbaikan yang telah disarankan.                                  recommended follow-up improvements.
19. Bekerja sama dan memiliki arus koordinasi kerja dengan Komite        19. Cooperate and establish work coordination flow with the Audit
    Audit.                                                                   Committee;.
20. Melakukan pemeriksaan khusus apabila diperlukan.                     20. Carry out special inspections if necessary.
21. Secara berkala, menyusun program untuk mengevaluasi mutu             21. Periodically, prepare a program to evaluate the quality of internal
    kegiatan internal audit yang dilakukan dan menyampaikan                  audit activities carried out and submit progress reports on the
    laporan kemajuan pelaksanaan tugas dan fungsi audit kepada               implementation of audit duties and functions to the President
    Direktur Utama.                                                          Director.
22. Berkoordinasi dengan pihak eksternal berdasarkan penugasan           22. Coordinate with external parties based on assignments from

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    dari Direktur Utama dalam kaitannya dengan tugas-tugas                                          the President Director in relation to supervisory duties in the
    pengawasan di perusahaan.                                                                       company.
23. Menyelenggarakan administrasi (back office) untuk mendukung                                 23. Organizing administration (back office) to support orderly
    tertib administrasi dan pelaporan hasil audit internal audit.                                   administration and reporting of internal audit results.

Kode Etik Auditor Internal                                                                      Internal Auditor Code of Conducts
Sesuai dengan Piagam Audit Internal, https://cms.ssms.co.id/                                    Pursuant to Internal Audit Charter, https://cms.ssms.co.id/assets/
assets/pages-assets/our-gcg-charter/document_20240502114935.                                    pages-assets/our-gcg-charter/document_20240502114935.pdf, the
pdf, Auditor Internal Perseroan mempunyai kode etik sebagai berikut:                            Company’s internal auditor has code of conduct, including:
1. Mempunyai komitmen yang tinggi terhadap profesi, setia                                       1. Have a high level of commitment to the profession, remain loyal
     terhadap Perseroan dan tidak terlibat kegiatan yang melanggar                                 to the Company, and not be involved in any unlawful activities;
     hukum;
2. Jujur, obyektif dan dapat dipercaya dalam melakukan tugas                                    2. Be honest, objective, and trustworthy in carrying out duties
     dan tanggung jawabnya;                                                                        and responsibilities;
3. Menghindari kegiatan yang bertentangan dengan kepentingan                                    3. Avoid activities that conflict with the interests of the Company
     Perseroan dan/atau dapat mempengaruhi obyektivitas dalam                                      and/or may affect objectivity in performing duties and
     melakukan tugas dan tanggung jawab;                                                           responsibilities;
4. Tidak dapat menerima imbalan atau hadiah yang dapat                                          4. Not accept any compensation or gifts that may influence
     memengaruhi pendapatnya secara profesional di luar dari                                       professional judgment other than those already stipulated as
     yang sudah ditetapkan sebagai penghargaan atas pelaksanaan                                    rewards for the performance of duties;
     tugasnya;
5. Memberikan pendapat dengan berlandaskan bukti yang cukup                                     5. Provide opinions based on sufficient and competent evidence to
     dan kompeten untuk mendukung pendapat tersebut serta tidak                                    support such opinions and not use Company-related information
     menggunakan informasi yang berkaitan dengan Perseroan untuk                                   for personal gain;
     kepentingan pribadi;
6. Menjaga kerahasiaan informasi Perseroan dan tidak akan                                       6. Maintain the confidentiality of Company information and not
     mengungkapkan kecuali dibenarkan oleh peraturan perundang-                                    disclose it except as permitted by applicable laws and regulations
     undangan yang berlaku dan dengan seizin dan sepengetahuan                                     and with the approval and knowledge of the Company’s
     Pimpinan Perusahaan; dan                                                                      Management; and
7. Mengembangkan kemampuan profesional secara berkelanjutan.                                    7. Continuously develop professional capabilities.

Struktur Organisasi Departemen Audit Internal                                                   Organizational Structure of
                                                                                                Internal Audit Department

                                                     Department Head
                                                     of Internal Audit

                                                     Anjar Widiarso




                          Manager Internal Audit                                                           Manager Internal Audit
                          (Upstream)                                                                       (Upstream)

                          Besar Ardhi                                                                       Ahmad Taufiq
                          Nugraha




  Assistant Manager   Assistant Manager          Assistant Manager              Assistant Manager         Assistant Manager         Assistant Manager
    Internal Audit      Internal Audit             Internal Audit                 Internal Audit            Internal Audit            Internal Audit
     (Upstream)          (Upstream)                 (Upstream)                     (Upstream)                (Upstream)                (Upstream)

    Fendy Mahrum        Deneb Danuth                 Ramadhani                  Kurniawan Ferikas                                      Trisnawan
                                                                                                           Sarman Saragih
                           Thahar                                                     Purba                                            P.B. Harefa



   Staff Auditor         Staff Auditor                Staff Auditor                Staff Auditor            Staff Auditor             Staff Auditor        Staff Admin Internal
    (Upstream)            (Upstream)                   (Upstream)                   (Upstream)               (Upstream)                (Upstream)           Audit (Upstream)

    Ari Apri Sandi      Rizky Putra Aisan              Rinaldi Sinaga               Rizal Hambali         Nurfitri Adi Saputra      Roby Fander Samosir       Sri Wardaniwati
    Muhammad              Josua Ferdi                 Victor Julianto             Parningotan Yosef
    Osvaldo Rios          Simanjuntak                  Simanullang                   Sigalingging            Abdul Rozak              Cahyo Kuncoro

       Vacant                   Vacant                       Vacant                    Vacant                   Vacant              Alfin Agung Prasetio


    Senior Manager    Manager            Assistant Manager            Auditor


                                                                                                                                    PT Sawit Sumbermas Sarana Tbk         227
Page 228
Berdasarkan Struktur Perseroan per 31 Desember 2025, Departemen              Based on the Company’s Structure as of December 31, 2025, the
Audit Internal berada di bawah Direktur Utama. Departemen Audit              Internal Audit Department is placed under the President Director.
Internal memiliki beberapa fungsi sebagaimana terlihat pada struktur         Internal Audit Department has several functions as stipulated in the
organisasi di atas.                                                          organizational structure above.

Keanggotaan Departemen Audit Internal                                        Membership of the Internal Audit Department

Departemen Audit Internal terdiri dari seorang kepala departemen             Internal Audit Department consists of a Department Head supported
yang dibantu oleh manajer dan beberapa orang staf internal auditor           by managers and several internal audit staff who possess adequate
yang memiliki pengetahuan, kemampuan dan pengalaman yang                     knowledge, competence, and experience in audit techniques and
memadai mengenai teknis audit dan disiplin ilmu yang relevan                 disciplines relevant to their duties.
dengan tugasnya.

Persyaratan Keanggotaan                                                      Membership Requirements
Untuk menjadi Kepala Departemen Audit Internal, manajer dan                  To be appointed as Internal Audit Department Head, manager, or
staf auditor internal, Perseroan memiliki persyaratan seperti yang           internal audit staff, the Company has established requirements as
tertuang dalam Piagam Audit Internal, https://cms.ssms.co.id/                set out in the Internal Audit Charter, https://cms.ssms.co.id/assets/
assets/pages-assets/our-gcg-charter/document_20240502114935.                 pages-assets/our-gcg-charter/document_20240502114935.pdf.
pdf.

Prosedur Pengangkatan dan Pemberhentian                                      Procedures for Appointment and Dismissal
Perseroan telah memiliki prosedur pengangkatan dan pemberhentian             The Company has procedures to appoint and dismiss the Internal
Kepala Departemen Audit Internal, berdasarkan pada Piagam Audit              Audit Department Head, based on the Audit Internal Charter,
Internal, https://cms.ssms.co.id/assets/pages-assets/our-gcg-                https://cms.ssms.co.id/assets/pages-assets/our-gcg-charter/
charter/document_20240502114935.pdf.                                         document_20240502114935.pdf.


 Alur Pengangkatan/Pemberhentian Kepala Unit Audit Internal
 Alur Pengangkatan/Pemberhentian Kepala Unit Audit Internal




                    1                                         2                             3                                     4
          Penyampaian usulan
                                                                                                                          Menyampaikan
              pengangkatan/                           Dewan Komisaris
                                                                                                                        laporan mengenai
              pemberhentian                              memberikan
                                                                                                                          pengangkatan/
             Kepala Unit Audit                       persetujuan dengan                 Penetapan
                                                                                                                      pemberhentian Kepala
         Internal kepada Dewan                      mempertimbangkan                  pengangkatan/
                                                                                                                        Unit Audit Internal
            Komisaris melalui                       rekomendasi Komite            pemberhentian melalui
                                                                                                                       kepada Otoritas Jasa
               Komite Audit.                                Audit.               Surat Keputusan Direksi.
                                                                                                                             Keuangan.
         Submission of proposed                          The Board of            Decision of appointment/
                                                                                                                       Submit Report of the
         appointment/dismissal                      Commissioners gives            dismissal by Board of
                                                                                                                      Appointment/Dismissal
         of Head of Internal Audit                 approval by considering           Directors Decree.
                                                                                                                     of Head of Internal Audit
            Unit to the Board of                   the recommendation of
                                                                                                                     Unit to Financial Services
         Commissioners through                      the Audit Committee.
                                                                                                                             Authority.
             Audit Committee.




Komposisi Anggota Departemen Audit Internal                                  Composition of Internal Audit Department
Berdasarkan Struktur Perseroan per 31 Desember 2025, jumlah                  Based on the Company’s Structure as of December 31, 2025,
anggota Departemen Audit Internal Perseroan tercatat sebanyak                number of member of Internal Audit Department is recorded as
24 orang. Susunan ini terdiri dari seorang Ketua, 6 Asisten Manajer          24 employees. This composition consists of a Head, 6 Assistant
& 14 Staf Auditor.                                                           Managers & 14 Staff Auditors.

Berikut komposisi anggota Departemen Audit Internal Perseroan:               The following is the composition of the members of the Company’s
                                                                             Internal Audit Department:




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                                                                                                                                      Good Corporate Governance




Pembina                                                                                                             1
Advisor

Kepala Departemen                                                                                                   1
Department Head

Manajer                                                                                                             2
Manager

Asisten Manajer                                                                                                     6
Manager Assistant

Staf                                                                                                                14
Staff


Profil Kepala Departemen Audit Internal                                                   Profile of Internal Audit Department Head




                                                          Anjar Widiarso
                                                          Kepala Departemen Audit Internal
                                                          Internal Audit Department Head

                                                          Kewarganegaraan                            Usia                            Domisili
                                                          Citizenship                                Age                             Domicile
                                                          Warga Negara Indonesia                     54 tahun                        Pangkalan Bun, Indonesia
                                                          Indonesian Citizens                        54 years old




Dasar Hukum Penunjukan       Surat Keputusan Direktur Utama No. 0102/MMS-HRD/SKM/PKA/II/2022.
Legal Basis of Appointment   Directors Decree No. 0102/MMS-HRD/SKM/PKA/II/2022.

Riwayat Pendidikan           Sarjana Akuntansi, Universitas Islam Indonesia, Yogyakarta.
Education History            Bachelor of Accounting, Universitas Islam Indonesia, Yogyakarta.

Pengalaman Kerja             •    Plt. Kepala Departemen Internal Audit PT Sawit Sumbermas Sarana         •   Acting Head of Internal Audit Department of PT Sawit Sumbermas
Work Experience                   Tbk (2019-2022);                                                            Sarana Tbk (2019-2022);
                             •    Manager Internal Audit PT Sawit Sumbermas Sarana Tbk (2017-2019);       •   Internal Audit Manager of PT Sawit Sumbermas Sarana Tbk (2017-
                             •    Kepala Seksi Internal Audit PT Sawit Sumbermas Sarana Tbk (2012-            2019);
                                  2017);                                                                  •   Section Head of Internal Audit of PT Sawit Sumbermas Sarana
                             •    Management Accountant PT Delta Djakarta Tbk (2011-2012);                    Tbk (2012-2017);
                             •    Senior Internal Auditor PT Delta Djakarta Tbk (2007-2011);              •   Management Accountant of PT Delta Djakarta Tbk (2011-2012);
                             •    Internal Auditor PT Delta Djakarta Tbk (2005-2007);\                    •   Senior Internal Auditor of PT Delta Djakarta Tbk (2007-2011);
                                                                                                          •   Internal Auditor of PT Delta Djakarta Tbk
                             •    Staf Satuan Pengawasan Intern PT Indofarma Tbk (2002-2005);                 (2005-2007);
                             •    Data Mining and Processing Data Support in Loan Outsourcing             •   Internal Audit Unit Staff of PT Indo Farma Tbk (2002-2005);
                                  Division PT Bank Danamon Indonesia Tbk (2000-2002); serta               •   Data Mining and Processing Data Support in Loan Outsourcing
                             •    Verificator (Internal Auditor) PT Bank Danamon Indonesia Tbk (1996-         Division of PT Bank Danamon Indonesia Tbk (2000-2002); and
                                  2000).                                                                  •   Verificator (Internal Auditor) of PT Bank Danamon Indonesia Tbk
                                                                                                              (1996-2000).

Rangkap Jabatan              Tidak memiliki rangkap jabatan di perusahaan atau institusi lainnya.
Concurrent Position          Has no concurrent position in other company or institutions

Keahlian                     Internal Audit, Risk Management, Financial Accounting, Data Analytics, Fraud Detection, serta Reporting & Documentation.
Expertise

Sertifikasi                   •    Certified Professional Audit Manager (CPAM) Pusat Pengembangan          •   Certified Professional Audit Manager (CPAM) Center for Accounting
Certification                     Akuntansi & Keuangan (PPA&K) (2022);                                        & Finance Development (PPA&K) (2022);
                             •    Audit Intern Advance II Yayasan Pendidikan Internal Audit (YPIA)        •   Audit Intern Advance II Internal Audit Education Foundation (YPIA)
                                  (2010);                                                                     (2010);
                             •    Audit Intern Advance I Yayasan Pendidikan Internal Audit (YPIA)         •   Audit Intern Advance I Internal Audit Education Foundation (YPIA)
                                  (2008);                                                                     (2008);
                             •    Effective Report Writing Yayasan Pendidikan Internal Audit (YPIA)       •   Effective Report Writing Internal Audit Education Foundation
                                  (2007);                                                                     (YPIA) (2007);
                             •    Workshop SAP FI & CO Modules (2005); dan                                •   Workshop SAP FI & CO Modules (2005); and
                             •    Audit Intern Basic I Yayasan Pendidikan Internal Audit (YPIA) (2004).   •   Audit Intern Basic I Internal Audit Education Foundation (YPIA)
                                                                                                              (2004).




                                                                                                                                PT Sawit Sumbermas Sarana Tbk             229
Page 230
Program Kerja Departemen Audit                                        Work Program of Internal Audit
Internal di Tahun 2025                                                Department In 2025

Metodologi Audit                                                      Audhit Methodology
Departemen Audit Internal telah menyusun Program Kerja                Internal Audit Department has prepared the Annual Supervisory Work
Pengawasan Tahunan melalui metodologi audit berbasis risiko           Program using a risk-based audit methodology, which is applied
(risk based audit) yang digunakan sejak tahap perencanaan audit       from the annual audit planning stage through audit implementation
tahunan, pelaksanaan audit, hingga pelaporan. Penilaian risiko        and reporting. The risk assessment is conducted comprehensively,
dilakukan secara menyeluruh, mencakup unit kerja di kantor pusat      covering both head office and business units.
maupun unit bisnis.

Per 31 Desember 2025 terdapat 126 rekomendasi atau sebesar 100%       As of December 31, 2025, there are 126 recommendations or 100%
telah selesai ditindaklanjuti.                                        of which have been followed up.

Sistem Informasi Manajemen Audit                                      Audit Management Information System
Sistem Informasi Manajemen Audit dirancang untuk mendukung            The Audit Management Information System is designed to support
proses audit internal dengan menyediakan alat dan teknologi yang      the internal audit process by providing tools and technology that
memungkinkan pengelolaan data, pemantauan, dan pelaporan              enable efficient data management, monitoring, and audit reporting.
audit secara efisien. Sistem ini mendukung auditor internal dalam     This system supports internal auditors throughout the entire audit
seluruh siklus audit, mulai dari perencanaan, pelaksanaan, hingga     cycle, from planning and execution to the follow-up of audit findings.
tindak lanjut temuan.

Pada tahun 2025, Perseroan belum memiliki sistem ini. Namun,          In 2025, the Company will not have this system. However, the Internal
Unit Audit Internal sedang mengkaji implementasi dan pengesahan       Audit Unit is reviewing the implementation and ratification of the
sistem untuk memastikan penerapannya pada tahun mendatang.            system to ensure its implementation in the coming year.

Rapat Departemen Audit Internal                                       Meeting Of Internal Audit Department
Sejalan dengan regulasi yang berlaku, Departemen Audit Internal       Aligned with the applicable regulations, the Internal Audit
mengadakan rapat secara berkala maupun insidentil dengan Direksi,     Department is required to perform regular and/or incidental meetings
Dewan Komisaris, dan/atau Komite Audit. Rapat tersebut, antara        with the Board of Directors, Board of Commissioners and/or Audit
lain membahas tentang hasil temuan Departemen Audit Internal          Committee. These meetings, among others, discuss the Internal
maupun koordinasi terkait dengan rencana audit.                       Audit Department’s findings and coordinate audit planning.

Sepanjang tahun 2025, Departemen Audit Internal Perseroan telah       Throughout 2025, The Company’s Internal Audit Department held 12
menyelenggarakan dan mengikuti rapat sebanyak 12 (dua belas) kali     (twelve) meetings with the Board of Directors and 4 (four) meetings
dengan Direksi dan 4 (empat) kali dan Komite Audit, dengan rincian    with the Audit Committee, with the attendance details as follows:
kehadiran sebagai berikut:


                                                                     Departemen Audit Rapat dengan
                Uraian                                                Meeting Audit Department with
              Description                          Direksi                  Dewan Komisaris                       Komite Audit
                                              Board of Directors         Board of Commissioners                  Audit Committee
 Jumlah Rapat                                         12                            0                                    4
 Total Meetings

 Kehadiran                                            12                            0                                    4
 Attendance

 Frekuensi                                           100                            0                                   100
 Frequency (%)




 230     Laporan Tahunan 2025 Annual Report
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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




PELATIHAN DEPARTEMEN AUDIT INTERNAL                                                   TRAINING OF INTERNAL AUDIT DEPARTMENT

Selama tahun 2025, Departemen Audit Internal telah mengikuti                          Throughout 2025, the Internal Audit Department has been
program pelatihan sebagai berikut:                                                    participated in the following training programs:


                   Nama & Jabatan                  Materi Pendidikan/Pelatihan                     Tempat & Tanggal                     Penyelenggara
     No
                  Name and Position                Training/Education Material                       Place & Date                         Organizer

 1        Anjar Widiarso (Ka. Dept Internal Good To Great Batch 1                        Pangkalanbun, 26 Agustus 2025             PT. Mili Talenta Inspirasi
          Audit)                                                                         Pangkalanbun, August 26, 2025

 2        Anjar Widiarso (Ka. Dept Internal Business Presentation Skill                  Pangkalanbun, 11 October 2025             PT. Prasetiya Mulya Eli
          Audit)                                                                         Pangkalanbun, October 11, 2025

 3        Ahmad Taufiq (Manager Internal Certified Forensic Auditor (CFrA)               Jakarta, 17 November 2025                 Lembaga Sertifikasi Auditor
          Audit)                                                                         Jakarta, November 17, 2025                Forensik

 4        Ahmad Taufiq (Manager Internal Business Presentation Skill                     Pangkalanbun, 11 Oktober 2025             PT. Prasetiya Mulya Eli
          Audit)                                                                         Pangkalanbun, October 11, 2025

 5        Besar Ardhi Nugraha (Manager How To Handle Difficult Employee                  Pangkalanbun, 22 September 2025           Karya Bina Consulting
          Internal Audit)              Batch 5                                           Pangkalanbun, September 22, 2025

 6        Besar Ardhi Nugraha (Manager Business Presentation Skill                       Pangkalanbun, 11 Oktober 2025             PT. Prasetiya Mulya Eli
          Internal Audit)                                                                Pangkalanbun, October 11, 2025

 7        Trisnawan Partogi Buala Harefa How To Handle Difficult Employee                Pangkalanbun, 17 Juni 2025                PT. Karya Bina Konsultan
          (Asisten Manager Internal Audit) Batch 1                                       Pangkalanbun, June 17, 2025

 8        Trisnawan Partogi Buana Harefa Sertifikasi QIA - Tingkat Manajerial            Jakarta, 15 Desember 2025                 Yayasan Pendidikan Internal
          (Asisten Manager Internal Audit) QIA Certification - Managerial Level          Jakarta, December 15, 2025                Audit
                                                                                                                                   Internal Audit Education
                                                                                                                                   Foundation

 9        Ramadhani (Asisten Manager Internal    How To Handle Difficult Employee Pangkalanbun, 22 September 2025                  Karya Bina Consulting
          Audit)                                 Batch 5                          Pangkalanbun, September 22, 2025

 10       Sarman Saragih (Asisten Manager        Sertifikasi QIA - Tingkat Manajerial    Jakarta, 14 Juli 2025                     Yayasan Pendidikan Internal
          Internal Audit)                        QIA Certification - Managerial Level    Jakarta, July 14, 2025                    Audit
                                                                                                                                   Internal Audit Education
                                                                                                                                   Foundation

 11       Sarman Saragih (Asisten Manager        How To Handle Difficult Employee P a n g k a l a n b u n, 1 9 J u n i 2 0 2 5 PT. Karya Bina Konsultan
          Internal Audit)                        Batch 2                          Pangkalanbun, Juni 19, 2025

 12       Kurniawan Ferikas Purba (Asisten How To Handle Difficult Employee              Pangkalanbun, 17 Juni 2025                PT. Karya Bina Konsultan
          Manager Internal Audit)          Batch 1                                       Pangkalanbun, June 17, 2025

 13       Deneb Danuth Thahar (Asisten           Self Leadership For Achieving Goals Pangkalanbun, 19 Agustus 2025                 Kanatta Daya Consulting
          Manager Internal Audit)                Batch 9                             Pangkalanbun, August 19, 2025

 14       Deneb Danuth Thahar (Asisten           How To Handle Difficult Employee Pangkalanbun, 22 September 2025                  Karya Bina Consulting
          Manager Internal Audit)                Batch 5                          Pangkalanbun, September 22, 2025

 15       Fendy Mahrum (Asisten Manager Sertifikasi QIA - Tingkat Dasar                  Jakarta, 14 Juli 2025                     Yayasan Pendidikan Internal
          Internal Audit)               QIA Certification - Basic Level                  Jakarta, July 14, 2025                    Audit
                                                                                                                                   Internal Audit Education
                                                                                                                                   Foundation

 16       Fendy Mahrum (Asisten Manager Self Leadership For Achieving Goals Pangkalanbun, 20 Januari 2025                          Kanatta Daya Consulting
          Internal Audit)               Batch 1                             Pangkalanbun, January 20, 2025

 17       Fendy Mahrum (Asisten Manager How To Handle Difficult Employee                 Pangkalanbun, 22 September 2025           Karya Bina Consulting
          Internal Audit)               Batch 5                                          Pangkalanbun, September 22, 2025

 18       Abdul Rozak (Staf Internal Audit)      Personal Development Batch 10           Pangkalanbun, 03 September 2025           RKC Trainings
                                                                                         Pangkalanbun, September 03, 2025

 19       Abdul Rozak (Staf Internal Audit)      Self Leadership For Achieving Goals Pangkalanbun, 20 November 2025                Karya Bina Consulting
                                                 Batch 14                            Pangkalanbun, November 20, 2025

 20       Adi Siswanto (Staf Internal Audit)     Self Leadership For Achieving Goals Pangkalanbun, 20 November 2025                Karya Bina Consulting
                                                 Batch 14                            Pangkalanbun, November 20, 2025

 21       Ari Apri Sandi (Staf Internal Audit)   Sertifikasi QIA - Tingkat Lanjutan      Jakarta, 04 Agustus 2025                  Yayasan Pendidikan Internal
                                                 QIA Certification - Advanced Level      Jakarta, August 04, 2025                  Audit
                                                                                                                                   Internal Audit Education
                                                                                                                                   Foundation


                                                                                                                       PT Sawit Sumbermas Sarana Tbk         231
Page 232
                   Nama & Jabatan                    Materi Pendidikan/Pelatihan                   Tempat & Tanggal                     Penyelenggara
 No
                  Name and Position                  Training/Education Material                     Place & Date                         Organizer

22        Ari Apri Sandi (Staf Internal Audit)    Personal Development Batch 10          Pangkalanbun, 03 September 2025           RKC Trainings
                                                                                         Pangkalanbun, September 03, 2025

23        Josua Ferdi Simanjuntak (Staf Personal Development Batch 7                     Pangkalanbun, 15 Juli 2025                RKC Trainings
          Internal Audit)                                                                Pangkalanbun, July 15, 2025

24        Josua Ferdi Simanjuntak (Staf Self Leadership For Achieving Goals Pangkalanbun, 18 November 2025                         Karya Bina Consulting
          Internal Audit)               Batch 13                            Pangkalanbun, November 18, 2025

25        M. Hendri Hendrawan (Staf Internal Personal Development Batch 11               Pangkalanbun, 30 September 2025           RKC Trainings
          Audit)                                                                         Pangkalanbun, September 30, 2025

26        M. Rizki Putra Aisan (Staf Internal     Personal Development Batch 1           Pangkalanbun, 25 Februari 2025            RKC Trainings
          Audit)                                                                         Pangkalanbun, February 25, 2025

27        Nurfitri Adi Saputra (Staf Internal Audit Kecurangan                           Bogor, 17 April 2025                      Pusat Pengembangan
          Audit)                              Fraud Audit                                Bogor, April 17, 2025                     Akuntansi & Keuangan
                                                                                                                                   Accounting & Finance
                                                                                                                                   Development Center

28        Nurfitri Adi Saputra (Staf Internal Personal Development Batch 2               Pangkalanbun, 27 Juli 2025                RKC Trainings
          Audit)                                                                         Pangkalanbun, July 27, 2025

29        Nurfitri Adi Saputra (Staf Internal Self Leadership For Achieving Goals Pangkalanbun, 15 September 2025                  PT Mili Talenta Inspirasi
          Audit)                              Batch 11                            Pangkalanbun, September 15, 2025

30        Rinaldi Sinaga (Staf Internal Audit)    Personal Development Batch 1           Pangkalanbun, 25 Februari 2025            RKC Trainings
                                                                                         Pangkalanbun, February 25, 2025

31        Rinaldi Sinaga (Staf Internal Audit)    Self Leadership For Achieving Goals Pangkalanbun, 19 Agustus 2025                Kanatta Daya Consulting
                                                  Batch 9                             Pangkalanbun, August 19, 2025

32        Roby Fander Samosir (Staf Internal      Audit Kecurangan                       Bogor, 17 April 2025                      Pusat Pengembangan
          Audit)                                  Fraud Audit                            Bogor, April 17, 2025                     Akuntansi & Keuangan
                                                                                                                                   Accounting & Finance
                                                                                                                                   Development Center

33        Roby Fander Samosir (Staf Internal      Personal Development Batch 10          Pangkalanbun, 03 September 2025           RKC Trainings
          Audit)                                                                         Pangkalanbun, September 03, 2025

34        Victor Julianto Simanullang (Staf       Personal Development Staff Batch 13    Pangkalanbun, 11 November 2025            RKC Trainings
          Internal Audit)                                                                Pangkalanbun, November 11, 2025

35        Sri Wardaniwati (Admin Internal         Personal Development Batch 4           Pangkalanbun, 15 Mei 2025                 RKC Trainings
          Audit)                                                                         Pangkalanbun, May 15, 2025
36        Sri Wardaniwati (Admin Internal         Self Leadership For Achieving Goals Pangkalanbun, 20 November 2025               Karya Bina Consulting
          Audit)                                  Batch 14                            Pangkalanbun, November 20, 2025


SERTIFIKASI DEPARTEMEN AUDIT INTERNAL                                               TRAINING OF INTERNAL AUDIT DEPARTMENT

Beberapa anggota Departemen Audit Internal telah memiliki                           Several members of the Internal Audit Department has held
sertifikat profesi, dengan rincian sebagai berikut.                                 professional certifications, with details as follows.



                                                                                                          Jumlah Personil Audit Internal yang Memiliki
          Sertifikasi Profesi                                  Dikeluarkan oleh                                         Sertifikasi Profesi
       Professional Certification                                Issued by                                Number of Internal Audit Personnel Obtaining
                                                                                                                  Professional Certification

Qualified Internal Auditor (QIA)            Yayasan Pendidikan Internal Audit (YPIA)                                           1
                                            Internal Audit Education Foundation (YPIA)

Certified Professional Audit Manager Badan Nasional Sertifikasi Profesi (BNSP)                                                 1
(CPAM)                               National Professional Certification Agency (BNSP)

Certified Internal Audit Officer (CIAO)     Badan Nasional Sertifikasi Profesi (BNSP)                                          2
                                            National Professional Certification Agency (BNSP)

Certified Practitioner of Internal Audit Badan Nasional Sertifikasi Profesi (BNSP)                                             2
(CPIA)                                   National Professional Certification Agency (BNSP)




 232      Laporan Tahunan 2025 Annual Report
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                                                                                                                     Good Corporate Governance




                                                                                                    Jumlah Personil Audit Internal yang Memiliki
          Sertifikasi Profesi                              Dikeluarkan oleh                                       Sertifikasi Profesi
       Professional Certification                            Issued by                              Number of Internal Audit Personnel Obtaining
                                                                                                            Professional Certification

 Associate Certified Competent Internal Badan Nasional Sertifikasi Profesi (BNSP)                                          2
 Auditor (ACCIA)                        National Professional Certification Agency (BNSP)

 Chartered Accountant (CA)              Ikatan Akuntan Indonesia (IAI)                                                     1
                                        Institute of Indonesia Chartered Accountants (IAI)



LAPORAN SINGKAT PELAKSANAAN                                                      SUMMARY REPORT OF INTERNAL
TUGAS DEPARTEMEN AUDIT INTERNAL                                                  AUDIT DEPARTMENT DUTIES

Di sepanjang tahun 2025, Departemen Audit Internal telah                         Throughout 2025, the Internal Audit Department has carried out
melaksanakan kegiatan-kegiatan dan tanggung jawabnya sebagai                     the following activities and responsibilities:
berikut:
1. Pelaksanaan audit internal terhadap kegiatan operasional,                     1. Conduct internal audits of operational, financial, and compliance
    keuangan, serta kepatuhan pada berbagai unit kerja Perseroan                    activities across various business units in accordance with the
    sesuai dengan rencana audit tahunan yang telah disusun.                         approved annual audit plan.
2. Evaluasi efektivitas sistem pengendalian internal guna                        2. Evaluate the effectiveness of the internal control system
    memastikan bahwa proses bisnis Perseroan berjalan secara                        to ensure that the Company’s business processes operate
    efektif, efisien, serta sesuai dengan kebijakan dan prosedur                    effectively, efficiently, and in accordance with applicable policies
    yang berlaku.                                                                   and procedures.
3. Pemantauan tindak lanjut hasil audit untuk memastikan bahwa                   3. Monitor follow-up on audit findings to ensure that corrective
    rekomendasi perbaikan yang diberikan telah ditindaklanjuti oleh                 actions and recommendations are implemented by the relevant
    unit kerja terkait secara tepat waktu.                                          business units in a timely manner.
4. Pemberian rekomendasi perbaikan proses bisnis dan                             4. Provide recommendations for improvements in business
    pengelolaan risiko kepada manajemen guna meningkatkan                           processes and risk management to enhance operational
    efektivitas operasional serta memperkuat sistem pengendalian                    effectiveness and strengthen the Company’s internal control
    internal Perseroan.                                                             system.
5. Pelaporan hasil kegiatan audit kepada Direksi dan Dewan                       5. Report audit activities and findings to the Board of Directors
    Komisaris secara berkala sebagai bagian dari mekanisme                          and Board of Commissioners on a regular basis as part of the
    pengawasan dan peningkatan akuntabilitas dalam pengelolaan                      oversight and accountability framework within the Company’s
    Perseroan.                                                                      governance.

Jumlah Penugasan                                                                 Number of Assignments
Sepanjang tahun 2025, Departemen Audit Internal telah                            Throughout 2025, the Internal Audit Department has carried out 63
melaksanakan 63 penugasan, dengan rincian sebagai berikut:                       assignments, with details as follows:


             Surat Penugasan                                                            Judul Penugasan
  No
             Assignment Letter                                                          Assignment Title

   1           001/ST-IA/I/2025        General Audit Sepondam Estate

   2           002/ST-IA/I/2025        General Audit Sumber Cahaya Estate

   3           003/ST-IA/I/2025        General Audit Pedongatan Estate

   4           004/ST-IA/I/2025        General Audit Sulung Estate

   5           006/ST-IA/I/2025        General Audit PKS Suayap

   6           007/ST-IA/I/2025        General Audit PKS Sungai Kuning

   7          008/ST-IA/II/2025        General Audit Pulau Estate

   8          009/ST-IA/II/2025        General Audit Nanuah Estate

   9           010/ST-IA/II/2025       General Audit Sungai Bulik Estate

  10           011/ST-IA/II/2025       General Audit Batu Tunggal Estate

  11           012/ST-IA/II/2025       Special Audit Natai Baru

  12           013/ST–IA/II/2025       Spesial Audit Badirih Estate

  13           014/ST-IA/II/2025       General Audit PKS Sumber Cahaya

  14           015/ST-IA/II/2025       General Audit PKS Malata

                                                                                                                PT Sawit Sumbermas Sarana Tbk     233
Page 234
         Surat Penugasan                                                           Judul Penugasan
No
         Assignment Letter                                                         Assignment Title

 15       016/ST-IA/II/2025      General Audit PKS Nanga Kiu

 16       019/ST-IA/II/2025      Verifikasi Ganti Rugi Lahan (GRL) Regional III PT MKM
                                 Verification of Land Compensation (GRL) Regional III PT MKM

 17      020/ST-IA/III/2025      Special Audit Limau 1 Estate

 18      022/ST-IA/IV/2025       General Audit Kondang Estate

 19      027/ST-IA/IV/2025       General Audit Rangda Estate

20        028/ST-IA/V/2025        Verifikasi Ganti Rugi Lahan (GRL) Tahap II i Regional III PT MKM
                                  Verification of Land Compensation (GRL) Phase II i Regional III PT MKM

 21       029/ST-IA/V/2025        General Audit Suja Estate

22        030/ST-IA/V/2025        General Audit Karang Taba Estate

23        031/ST-IA/V/2025        General Audit PKS Suja

24        032/ST-IA/V/2025        Special Audit Sulung Estate

25        033/ST-IA/V/2025        General Audit PKS Selangkun

26        034/ST-IA/V/2025        General Audit Limau 1 Estate

27        035/ST-IA/V/2025        General Audit Tanjung Beringin Estate

28        036/ST-IA/V/2025        General Audit CWS Suja

29        037/ST-IA/V/2025        Verifikasi BA Ganti Rugi Lahan (GRL) Bahaur Estate Yang Belum Dibayarkan
                                  Verification BA of Bahaur Estate's Unpaid Land Compensation (GRL)

30       039/ST-IA/VI/2025        General Audit Umpang Estate

 31      040/ST-IA/VI/2025        General Audit Nanga Kiu Estate

32        041/ST-IA/VI/2025       General Audit Malata Estate

33       042/ST-IA/VI/2025       Verifikasi Pengeluaran Pupuk Dari Gudang Dengan Aplikasi Di Lapangan di Batu Tunggal Estate / Verification of Fertilizer
                                 Dispensing From Warehouse With Field Application In Batu Tunggal Estate

34       043/ST-IA/VI/2025       Verifikasi Areal Tidak Panen Di Regional 3
                                 Verification of Non-Harvested Areas in Region 3

35       044/ST-IA/VII/2025      General Audit Merambang Estate

36       045/ST-IA/VII/2025      General Audit Limau 2 Estate

37       046/ST-IA/VII/2025      Special Audit Pemeriksaan Pembelian dan Penjualan TBS PT. MUA
                                 Special Audit of FFB Purchase and Sales Inspection of PT. MUA

38       047/ST-IA/VII/2025      General Audit Badirih Estate

39       048/ST-IA/VII/2025      General Audit Bahaur Estate

40       049/ST-IA/VII/2025      General Audit Sulung Research Station

 41      050/ST-IA/VII/2025      Special Audit Malata Estate

42       051/ST-IA/VII/2025      Special Audit Pulau Estate

43       053/ST-IA/VIII/2025     General Audit Central Workshop - Regional 2

44       054/ST-IA/VIII/2025     Pemeriksaan Piutang, Produksi & Biaya Pemeliharaan Plasma Departemen Plasma
                                 Plasma Department Receivables, Production & Maintenance Costs Examination

45       055/ST-IA/VIII/2025     General Audit PKS Sulung

46       056/ST-IA/VIII/2025     General Audit Kanamit Estate




234   Laporan Tahunan 2025 Annual Report
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                                                                                                                           Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




             Surat Penugasan                                                              Judul Penugasan
     No
             Assignment Letter                                                            Assignment Title

      47     057/ST-IA/VII/2025         Spesial Audit Kegiatan Pemupukan PT SSMS Group Tahun 2025
                                        Special Audit of PT SSMS Group's Fertilization Activities in 2025

     48      058/ST-IA/VIII/2025        Special Audit Pemeriksaan dan Pendataan Izin Usaha Kantin di Regional 2 Regional 2 - PT SMU
                                        Special Audit of Inspection and Data Collection of Canteen Business Licenses in Region 2 Regional 2 - PT SMU

     49      060/ST-IA/VIII/2025        General Audit Sepondam Estate

     50      061/ST-IA/VIII/2025        General Audit Sumber Cahaya Estate

      51      062/ST-IA/IX/2025         Special Audit Pengambilan Material Langsung Ke Supplier Sebelum PR/PO Terbit Oleh Manajemen CWS, PKS, & Estate
                                        Special Audit of Material Collection Directly to Suppliers Before PR/PO Issuance by CWS, PKS, & Estate Management

      52      063/ST-IA/IX/2025         General Audit Maliku Estate

      53     064/ST-IA/IX/2025          General Audit PKS Natai Baru

      54      065/ST-IA/IX/2025         Special Audit Divisi Supply Chain Management

      55      066/ST-IA/IX/2025         Special Audit Divisi Supply Chain Management

      56      067/ST-IA/IX/2025         Special Audit Divisi Supply Chain Management

      57      068/ST-IA/IX/2025         Spesial Audit Lebih Bayar Perhitungan Upah Pemuat TBS Pada Hari Minggu/Libur All Regional All Regional
                                        Special Overpayment Audit for the Calculation of FFB Loader Wages on Sundays/Holidays All Regional All Regional

      58      069/ST-IA/IX/2025         Special Audit Badirih Estate

      59      070/ST-IA/IX/2025         General Audit Suayap Estate

     60       071/ST-IA/IX/2025         General Audit CWS Regional 4

      61      072/ST-IA/X/2025          Special Audit Suayap Estate

      62      073/ST-IA/X/2025          General Audit Natai Baru Estate

      63      076/ST-IA/XI/2025         Special AuditSungai Bulik Estate


Jumlah Konsultasi                                                                  Number of Consultations
Selain menjalankan fungsi assurance , selama tahun 2025                            In addition to carrying out the assurance function, during 2025 the
Departemen Audit Internal Perseroan juga melaksanakan berbagai                     Company’s Internal Audit Department will also carry out various
kegiatan non-assurance seperti memberikan jasa konsultasi kepada                   non-assurance activities such as providing consulting services
unit kerja dalam kapasitas tata kelola, risiko, dan pengendalian                   to work units in the capacity of governance, risk, and internal
internal diantaranya konsultasi terkait pembuatan SOP/IM, perbaikan                control, including consultation related to the creation of SOPs/
pada sistem/applikasi, proses pengadaan jasa, pengadaan barang,                    IMs, improvements to systems/applications, service procurement
pelaksanaan kontrak pembelian/penjualan, pendampingan kepada                       processes, procurement of goods, implementation of purchase/
auditor-auditor eksternal, dan evaluasi terhadap pengendalian                      sales contracts, assistance to external auditors, and evaluation of
internal perusahaan.                                                               internal control of the company.


                                                                            Judul Konsultasi
       No.
                                                                           Consultation Subject

 1.          Pembuatan SOP - Internal Audit
             SOP Preparation - Internal Audit

 2.          Pembuatan SOP - Prosedur Pembebasan Lahan
             SOP Preparation - Land Acquisition Procedure

 3.          Pembuatan IM Standarisasi Kebutuhan MCB di Perumahan Karyawan
             Making IM to Standardize MCB Needs in Employee Housing

 4.          Perbaikan pada sistem P-pro untuk yang tidak finger hari libur, premi tidak dibayarkan
             Improvements to the P-pro system for those who do not finger holidays, premiums are not paid

 5.          IM tunjangan & premi operator LCT di Regional 4
             IM allowances and premiums for LCT operators in Region 4

 6.          Standarisasi Format Pengantar Berobat
             Standardization of Introductory Format for Treatment

 7           Pemberi Materi pada Acara Focus Group Discussion Kerani, KTU,EM,GM dan RH
             Speakers at the Focus Group Discussion Event for Clerks, KTU, EM, GM and RH



                                                                                                                   PT Sawit Sumbermas Sarana Tbk       235
Page 236
Sistem Pengendalian Internal
Internal Control System

Sistem pengendalian internal adalah mekanisme dan proses              The internal control system is a mechanism and process designed
yang dirancang untuk membantu perusahaan mencapai tujuan              to assist the company in achieving its operational goals, ensuring
operasional, memastikan keandalan pelaporan keuangan, dan             reliable financial reports, and to comply with applicable policies
mematuhi kebijakan serta peraturan yang berlaku. Sistem ini           and regulations. This system involves all organizational levels, from
melibatkan seluruh tingkatan organisasi, mulai dari karyawan hingga   employees to the Board of Directors, to minimize risks, supporting
Direksi, guna meminimalkan risiko, mendukung operasional yang         an efficient and safe operations, as well as ensuring protection of
efisien dan aman, serta memastikan perlindungan terhadap aset         the assets and stakeholders’ trust.
dan kepercayaan pemangku kepentingan.

Perseroan secara aktif mengembangkan dan memperkuat sistem            The Company is actively developing and strengthening the
pengendalian internal sesuai dengan Pedoman GCG dan standar           internal control system in accordance with the GCG Guidelines
internasional yang diakui, seperti kerangka kerja yang dirumuskan     and recognized international standard, such as the framework
oleh The Committee of Sponsoring Organizations of the Treadway        issued by The Committee of Sponsoring Organizations (COSO).
Commission (COSO). Dalam implementasinya, Dewan Komisaris dan         In the implementation, the Board of Commissioners and Board of
Direksi berperan dalam pengawasan dan evaluasi untuk memastikan       Directors play a role in the supervision and evaluation to ensure that
proses bisnis berjalan sesuai dengan prinsip GCG.                     the business process is in line with GCG principles.

KESESUAIAN SISTEM PENGENDALIAN                                        CONFORMITY BETWEEN INTERNAL
INTERNAL DENGAN COSO                                                  CONTROL SYSTEM AND COSO

Berdasarkan ketentuan COSO, implementasi pengendalian internal        Based on COSO’s provisions, the implementation of internal control in
di Perseroan bertujuan untuk mendukung kebutuhan operasional,         the Company aims to support operational, reporting, and compliance
pelaporan, dan kepatuhan. Tujuan operasional difokuskan pada          needs. The operational purpose is focused on effectiveness and
efektivitas dan efisiensi kegiatan bisnis. Tujuan pelaporan terkait   efficiency of business activities. Reporting purpose relates to the
penyusunan laporan keuangan yang andal, tepat waktu, dan              preparation of reliable, timely, and transparent financial statements
transparan sesuai standar yang berlaku. Sementara itu, tujuan         under the applicable standards. Meanwhile, compliance purpose
kepatuhan menitikberatkan pada kepatuhan terhadap hukum dan           prioritizes the compliance with laws and regulations.
peraturan.

Adapun unsur pengendalian internal sesuai dengan kerangka COSO        The internal control element according to COSO framework, including
meliputi:                                                             as follows:
1. Lingkungan pengendalian;                                           1. Control environment;
2. Penilaian risiko;                                                  2. Risk assessment;
3. Kegiatan pengendalian;                                             3. Control activities;
4. Informasi dan komunikasi; serta                                    4. Information and communication; and
5. Kegiatan pemonitoran.                                              5. Monitoring activities.

Perseroan menerapkan kelima unsur tersebut dalam proses bisnis        The Company implements all five elements in the business process
melalui 5 komponen utama, yaitu:                                      through 5 main components, namely:
1. Pengawasan oleh manajemen dan budaya pengendalian;                 1. Supervision by management and control culture;
2. Identifikasi dan penilaian risiko;                                 2. Risk identification and assessment;
3. Kegiatan pengendalian dan pemisahan fungsi;                        3. Control activities and segregation of functions;
4. Sistem akuntansi, informasi, dan komunikasi; dan                   4. Accounting, information, and communication systems; and
5. Kegiatan pemantauan dan tindakan koreksi penyimpangan/             5. Monitoring activities and actions to correct deviations/
   kelemahan.                                                             weaknesses.

Sistem pengendalian internal Perseroan dirancang untuk memastikan     The Company’s internal control system is designed to ensure
ketepatan data akuntansi, meningkatkan efisiensi operasional,         accuracy of accounting data, increasing operational efficiency, and
dan menjamin kepatuhan terhadap kebijakan serta peraturan             ensuring compliance with the applicable policies and regulations.
yang berlaku. Komite Audit bertugas memantau dan mengevaluasi         The Audit Committee is tasked to monitor and evaluate the internal
penerapan pengendalian internal agar sistem berjalan efektif dan      control implementation so the system can runs effectively and able
mampu memitigasi risiko di seluruh lingkungan perusahaan.             to mitigate risk in all company environment.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




Dalam menjalankan tanggung jawab tersebut, Komite Audit                In carrying out the responsibilities, Audit Committee performs
melakukan berbagai aktivitas yang mencakup:                            several activities, including:
1. Analisis atas setiap risiko korporasi dan pelaksanaan manajemen     1. Analysis of every corporate risk and implementation of risk
   risiko oleh Direksi;                                                    management by the Board of Directors;
2. Evaluasi Rencana Kerja dan pelaksanaan audit internal;              2. Work Plan Evaluation and implementation of internal audit;
3. Pengkajian atas status pelaksanaan rekomendasi yang signifikan      3. Review the implementation status of significant internal control
   mengenai pengendalian internal yang disampaikan auditor                 recommendation submitted by internal and external auditors;
   internal dan eksternal;
4. Penelaahan informasi keuangan yang akan dipublikasikan oleh         4. Review the financial information to be published by the Company,
   Perseroan, yakni Laporan Keuangan, proyeksi keuangan, dan              such as Financial Statements, financial projections and other
   informasi keuangan lainnya melalui berbagai kegiatan, seperti:         financial information through various activities, such as:
   a. Menelaah Laporan Keuangan Interim untuk memastikan                  a. Review the Interim Financial Statements to ensure the
        laporan tersebut sudah wajar, mencerminkan hasil bisnis               fairness of the statements, reflecting the actual business
        yang nyata, dan fluktuasi yang signifikan, jika ada, selaras          results, and significant fluctuations, if any, in line with the
        dengan kondisi industri dan perekonomian secara umum;                 general conditions of the industry and economic;
   b. Memahami isu-isu signifikan yang berkaitan dengan                   b. Understand the significant issues related to reporting and
        pelaporan dan akuntansi, termasuk peraturan dan                       accounting, including the latest regulations and statements
        pernyataan terbaru dari ahli/profesional yang dapat                   from experts/professionals that can be implemented in
        diterapkan di Perseroan, dan secara material dapat                    the Company, and can materially affect the Financial
        memengaruhi Laporan Keuangan;                                         Statements;
   c. Melakukan penelaahan untuk memastikan auditor eksternal             c. Conduct a review to ensure that the external auditor carries
        melaksanakan pemeriksaan yang memadai dengan:                         out adequate audits by:
        i) Menelaah ruang lingkup pekerjaan audit, termasuk                   i) Reviewing the scope of audit work, including staffing,
            staffing, jadwal, dan lingkup pengujian;                              schedule, and scope of testing;
        ii) Memantau untuk memastikan pemeriksaan telah                       ii) Monitoring to ensure audits have been carried out
            dilakukan dengan objektif, sesuai standar audit yang                  objectively, in accordance with applicable auditing
            berlaku;                                                              standards;
   d. Menelaah kepatuhan Perseroan terhadap peraturan                     d. Examine Company’s compliance with the capital market
        perundang-undangan pasar modal dan peraturan perundang-               laws and regulations and other laws and other applicable
        undangan lain yang berlaku serta memiliki dampak pada                 regulations and have an impact on the Company’s activities,
        kegiatan Perseroan, dengan:                                           by:
        i) Memahami peraturan perundang-undangan yang                         i) Understanding the laws and regulations that have a
            memiliki dampak signifikan pada kegiatan Perseroan,                   significant impact on Company’s activities, reviewing
            menelaah sistem dan prosedur untuk memastikan                         the systems and procedures to ensure Company’s
            kepatuhan Perseroan terhadap peraturan perundang-                     compliance with the applicable laws and regulations;
            undangan yang berlaku;                                            ii) Reviewing the legal and regulatory issues reported by
        ii) Menelaah isu hukum dan peraturan yang dilaporkan                      Company’s Legal Counsel, External Auditor, Internal
            oleh Penasihat Hukum Perusahaan, Auditor Eksternal,                   Auditor, and Investor Relations Division, as well as issues
            Auditor Internal, dan Divisi Hubungan Investor, serta                 published in the newspapers or other media; and
            isu-isu yang dipublikasikan pada surat kabar atau media
            lainnya; serta
5. Melakukan penelaahan dan melaporkan kepada Dewan                    5. Review and report to Board of Commissioners regarding
   Komisaris terkait pengaduan yang diterima soal perusahaan,             complaints received about the Company, and submitting the
   serta kemudian menyampaikan rekomendasinya pada Dewan                  recommendations to the Board of Commissioners, in terms of
   Komisaris, dalam hal pelaksanaan tata kelola perusahaan yang           the implementation of good corporate governance and reviewing
   baik dan melakukan peninjauan atas pelaksanaan tanggung                the implementation of responsibilities in relation to management
   jawab sehubungan dengan pengelolaan pencatatan keuangan,               of financial records, internal audit system, external reports,
   sistem internal audit, laporan eksternal, fungsi audit eksternal,      external audit function, and the process of Company’s business
   dan proses kegiatan usaha Perseroan serta kepatuhan terhadap           activities, as well as compliance with the laws and company
   hukum dan kebijakan perusahaan serta perundang-undangan                policies, as well as the applicable laws and regulations.
   yang berlaku.




                                                                                                      PT Sawit Sumbermas Sarana Tbk    237
Page 238
TINJAUAN ATAS EFEKTIVITAS SISTEM                                       REVIEW OF THE EFFECTIVENESS OF
PENGENDALIAN INTERNAL                                                  THE INTERNAL CONTROL SYSTEM

Pada tahun 2025, Departemen Audit Internal Perseroan telah             In 2025, the Company’s Internal Audit Unit has carried out internal
melaksanakan evaluasi pengendalian internal yang mencakup audit        control evaluation which includes operational audit and control of the
operasional dan pengendalian atas Laporan Keuangan, dengan             Financial Statements, by involving the Board of Commissioners and
melibatkan Dewan Komisaris dan Direksi. Hasil evaluasi menunjukkan     Board of Directors. The evaluation results show that the Company’s
bahwa sistem pengendalian internal Perseroan berjalan efektif,         internal control system have run effectively, as proven with the
sebagaimana dibuktikan melalui opini wajar tanpa pengecualian          unqualified opinion from the independent auditor on the Company’s
dari auditor independen atas Laporan Keuangan Perseroan. Evaluasi      Financial Statements. This evaluation have provided confidence
ini memberikan keyakinan kepada manajemen, Pemegang Saham,             for the management, Shareholders, and other stakeholders on the
dan pemangku kepentingan lainnya mengenai pencapaian tujuan            achievement of business objectives and continuity. The Company
dan keberlanjutan usaha. Perseroan berkomitmen untuk terus             is committed to keep improving the effectiveness of this system to
meningkatkan efektivitas sistem ini guna mendukung pencapaian          ensure target achievement in the future.
target di masa mendatang.

PERNYATAAN KECUKUPAN                                                   STATEMENT OF ADEQUACY OF
PENGENDALIAN INTERNAL                                                  INTERNAL CONTROL

Perseroan berkomitmen memastikan sistem pengendalian internal          The Company is committed to ensure the adequacy of internal
yang diterapkan telah memadai dalam mendukung pencapaian tujuan        control system to support the achievement of business objectives
bisnis dan kepatuhan terhadap regulasi. Direksi bertanggung jawab      and regulatory compliance. The Board of Directors is responsible
atas penerapan sistem ini, sementara Dewan Komisaris, dengan           for implementing this system, while the Board of Commissioners,
dukungan Komite Audit, mengawasi dan memastikan bahwa setiap           supported by Audit Committee, is monitoring and ensuring that all of
aktivitas berjalan sesuai prinsip tata kelola yang baik dan regulasi   the activities are running in accordance with the good governance
yang berlaku.                                                          principle and applicable regulations.




 238     Laporan Tahunan 2025 Annual Report
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                                                                                                                 Tata Kelola Perusahaan
                                                                                                              Good Corporate Governance




                                                                                                 Manajemen Risiko
                                                                                                          Risk Management

Perseroan memandang manajemen risiko sebagai fondasi                      The Company views risk management as an important foundation
penting dalam menjaga stabilitas dan memastikan keberlanjutan             in maintaining stability and ensuring business continuity. With a
usaha. Melalui pendekatan yang terstruktur, setiap potensi risiko         structured approach, every potential risk is identified and managed in
diidentifikasi dan dikelola secara terintegrasi di seluruh lini bisnis.   an integrated manner in the entire business lines. This commitment
Komitmen ini mencerminkan upaya Perseroan dalam menghadapi                reflects the Company’s efforts in facing the challenges, mitigating
tantangan, memitigasi risiko, dan memaksimalkan peluang untuk             the risks, and maximizing opportunities to support the achievement
mendukung pencapaian visi dan misi perusahaan.                            of the company’s vision and mission.

GAMBARAN UMUM                                                             GENERAL OVERVIEW

Sistem manajemen risiko diterapkan secara terintegrasi di seluruh         The risk management system is implemented in an integrated
lini bisnis untuk mengidentifikasi, mengelola, dan memitigasi             manner in the entire business lines to identify, manage, and
berbagai risiko yang dapat memengaruhi kinerja dan keberlanjutan          mitigate various risks that may impact the business’ performance
usaha. Langkah ini tidak hanya berfokus pada perlindungan aset            and sustainability. This measure not only focus on the protection
perusahaan, tetapi juga membuka peluang untuk meningkatkan                of company assets, but also opens up opportunities to improve
efisiensi dan daya saing di tengah dinamika pasar.                        the efficiency and competitiveness amidst the market dynamics.

Manajemen bertanggung jawab memastikan setiap risiko dipantau             The management is responsible to ensure that every risk is
dan dievaluasi secara berkala, sehingga kebijakan yang diambil selalu     monitored and evaluated periodically, allowing the policies taken
relevan dengan kondisi terkini. Proses ini dilakukan secara sistematis    to be constantly relevant with the current conditions. This process is
dengan melibatkan seluruh unit kerja, yang memungkinkan risiko            carried out systematically by involving all of the work units, allowing
diidentifikasi lebih cepat dan mitigasi dilakukan secara efektif.         faster identification of the risks and the mitigation is carried out
                                                                          effectively.

Sebagai bagian dari penguatan budaya sadar risiko, Perseroan aktif        As part of the strengthening of the risk-awareness culture, the
mendorong keterlibatan karyawan dalam proses pengelolaan risiko.          Company is actively encouraging employee involvement in the risk
Melalui program edukasi dan sosialisasi yang berkelanjutan, karyawan      management process. With continuous education and socialization
dibekali dengan pemahaman untuk mengidentifikasi potensi risiko           programs, employees are equipped with the understanding required
dan berkontribusi dalam pelaporan serta penanganannya.                    to identify potential risks and contribute in the reporting and
                                                                          handling.

Sementara itu, Kepala Departemen Manajemen Risiko berperan                Meanwhile, Head of the Risk Management Department plays a
sebagai koordinator utama dalam memastikan sistem ini berjalan            key role as the lead coordinator in ensuring the system operates
sesuai dengan kebijakan yang telah ditetapkan dan sejalan dengan          in accordance with the established policies and in line with the
arah strategis perusahaan. Dengan struktur ini, Perseroan yakin           company’s strategic direction. With this structure in place, the
dapat mengelola risiko secara efektif dan mendukung pertumbuhan           Company is confident to be able to manage the risks effectively
usaha yang berkelanjutan.                                                 and support sustainable business growth.



METODOLOGI PENILAIAN RISIKO                                               RISK ASSESSMENT METHODOLOGY

Dalam penerapannya, manajemen risiko diintegrasikan ke dalam              In practice, risk management is integrated into the business
proses pengambilan keputusan bisnis di seluruh unit kerja Perseroan.      decision-making process across all units within the Company. This
Proses ini dilakukan dengan mempertimbangkan dua parameter                process considers two main parameters: the likelihood of a risk
utama, yaitu tingkat kemungkinan terjadinya risiko (likelihood)           occurring and its impact on the Company’s operations. This approach
dan tingkat dampak yang ditimbulkan (impact) terhadap kegiatan            enables the Company to systematically prioritize risks and determine
operasional Perseroan. Pendekatan ini memungkinkan Perseroan              appropriate mitigation strategies to minimize potential impacts.
untuk memetakan tingkat prioritas risiko secara sistematis serta
menetapkan strategi mitigasi yang tepat guna meminimalkan potensi
dampak yang dapat timbul.




                                                                                                         PT Sawit Sumbermas Sarana Tbk     239
Page 240
Untuk memudahkan visualisasi tingkat risiko, Perseroan                           To facilitate risk visualization, the Company uses a Risk Heat Map
menggunakan Risk Heat Map yang memetakan risiko berdasarkan                      approach that maps risks based on a combination of likelihood
kombinasi antara tingkat kemungkinan terjadinya dan tingkat                      and impact on the Company’s operational activities. The results
dampaknya. Hasil pemetaan tersebut kemudian diklasifikasikan                     of this assessment are then classified into several risk levels: Very
ke dalam beberapa tingkat risiko, yaitu Very Low, Low, Medium,                   Low, Low, Medium, High, and Very High, visualized through a color
High, dan Very High, yang divisualisasikan melalui gradasi warna                 gradient ranging from green to red.
dari hijau hingga merah.

Pendekatan ini membantu manajemen dalam menentukan prioritas                     This approach helps management prioritize risk management in a
pengelolaan risiko secara lebih terstruktur serta memastikan                     more structured way and ensures that risks with greater potential
bahwa risiko dengan potensi dampak yang lebih besar memperoleh                   impact receive the attention they deserve.
perhatian yang memadai.


 Tabel Risiko
 Risk Table

                                                                                     Level of Impact
        Kemungkinan
         (Likelihood)                        Negligible              Minor                      Moderate                 Significant               Severe
                                       (Dampak Sangat Rendah)        (Low)                      (Medium)                (Significant)            (Very High)

 5 – Sangat Mungkin                          Very Low                 Low                        Medium                     High                  Very High
 (Very Likely)

 4 – Mungkin                                 Very Low                 Low                        Medium                     High                  Very High
 (Likely)

 3 – Kemungkinan Terjadi                     Very Low                 Low                        Medium                     High                    High
 (Possible)

 2 – Kecil Kemungkinan                       Very Low                 Low                          Low                      Low                     High
 (Unlikely)

 1 – Sangat Kecil Kemungkinan                Very Low               Very Low                     Very Low                   Low                     Low
 (Very Unlikely)


 Peta Risiko
 Risk Heat Map

                                                                                     Indeks Dampak
        Kemungkinan
                                             Negligible              Minor                      Moderate                Significant                Severe

 5 – Sangat Mungkin                              1                     2                            3
                                                                                                                             4                          1
 (Very Likely)

 4 – Mungkin                                     4                     2
                                                                                                    2
 (Likely)

 3 – Kemungkinan Terjadi                         3                                                  3
                                                                                                                             3                          5
 (Possible)

 2 – Kecil Kemungkinan                           2                                                  5                        5
                                                                                                                                                        6
 (Unlikely)

 1 – Sangat Kecil Kemungkinan                Negligible              Minor                      Moderate                Significant                Severe
 (Very Unlikely)                                 1                     2                           3                         4                       5

       Risiko Tata Kelola                      Risiko Operasional            Perubahan Iklim dan Emisi GRK                  Keanekaragaman Hayati
                                                                       1                                                4
       (Governance Risk)                       Operational Risk              (Climate Change and GHG Emissions)             (Biodiversity Protection)


       Risiko Strategi & Perencanaan           Risiko Kepatuhan              Efisiensi Energi dan Energi Terbarukan         Kesehatan dan Keselamatan Kerja
       (Strategic & Planning Risk)                                     2                                                5
                                               (Compliance Risk)             (Energy Efficiency and Renewable Energy)       (Occupational Health and Safety)

       Risiko Keuangan
                                               Risiko Reputasi               Pengelolaan Air dan Limbah                     Kepatuhan terhadap Regulasi
       (Financial Risk)
                                               (Reputation Risk)       3                                                6
                                                                             (Water and Waste Management)                   (Regulatory Compliance)


Perseroan menggunakan pendekatan Risk Heat Map untuk memetakan                   The Company implements a Risk Heat Map approach to assess risk
tingkat risiko berdasarkan kombinasi antara kemungkinan terjadinya               levels based on a combination of likelihood and potential impact
risiko (likelihood) dan besaran dampaknya terhadap kegiatan                      on its operations. This approach enables the Company to identify
operasional Perseroan (impact). Melalui pendekatan ini, Perseroan                priority risks requiring greater attention and mitigation, ensuring
dapat mengidentifikasi prioritas risiko yang memerlukan perhatian                that risks are managed in a structured and effective manner.
dan mitigasi lebih lanjut sehingga pengelolaan risiko dapat dilakukan
secara lebih sistematis dan efektif.

 240      Laporan Tahunan 2025 Annual Report
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                                                                                                                                Tata Kelola Perusahaan
                                                                                                                             Good Corporate Governance




                                                                                                              Identifikasi Risiko
                                                                                                                       Risk Identification

PROFIL RISIKO UTAMA                                                                 KEY RISK PROFILE

Berdasarkan hasil identifikasi dan pemetaan risiko yang dilakukan                   Based on the results of periodic risk identification and assessment,
secara berkala, Perseroan menetapkan sejumlah risiko utama yang                     the Company has identified several key risks that could have a
memiliki potensi dampak signifikan terhadap kegiatan operasional                    significant impact on the Company’s operations and long-term
dan keberlanjutan usaha Perseroan.                                                  sustainability.


              Profil Risiko                  Kategori Risiko                          Dampak                                        Upaya Mitigasi
 No
              Risk Profile                   Risk Category                           Impact                                          Mitigation

 1    Perubahan iklim dan emisi Risiko Lingkungan                Berpotensi memengaruhi keberlanjutan                 Efisiensi energi, pemanfaatan energi
      GRK                       Environmental Risk               operasional serta meningkatkan tekanan regulasi      terbarukan, serta pemantauan dan pelaporan
      Climate Change and GHG                                     terkait pengendalian emisi.                          emisi secara berkala.
      Emissions                                                  May affect operational sustainability and increase   Energy efficiency initiatives, renewable
                                                                 regulatory pressure related to emission control.     energy utilization, and regular monitoring
                                                                                                                      and reporting of emissions.

 2    E f i s i e n s i e ne rg i d a n   Risiko Operasional &   Penggunaan energi yang tidak efisien dapat           Implementasi program efisiensi energi dan
      penggunaan energi                   Lingkungan             meningkatkan biaya operasional dan intensitas        optimalisasi pemanfaatan energi terbarukan.
      terbarukan                          Operational &          emisi Perseroan.                                     Implementation of energy efficiency
      Energy Efficiency and               Environmental Risk     Inefficient energy use may increase operational      programs and optimization of renewable
      Renewable Energy                                           costs and the Company’s emission intensity.          energy utilization.

 3    Pengelolaan air dan limbah          Risiko Lingkungan      Pengelolaan air dan limbah yang tidak optimal        Penerapan sistem pengolahan limbah serta
      Wate r a nd Wa s te                 Environmental Risk     dapat menimbulkan dampak lingkungan serta            pemantauan kualitas lingkungan secara
      Management                                                 risiko ketidakpatuhan terhadap regulasi.             berkala.
                                                                 Inadequate water and waste management may            Implementation of waste treatment systems
                                                                 lead to environmental impacts and regulatory         and periodic environmental monitoring.
                                                                 non-compliance risks.

 4    Keanekaragaman hayati dan Risiko Lingkungan                Gangguan terhadap ekosistem dapat                    Implementasi program konservasi dan
      dampak lingkungan         Environmental Risk               memengaruhi keberlanjutan lingkungan serta           perlindungan kawasan bernilai konservasi
      Biodiversity and                                           reputasi Perseroan.                                  tinggi (HCV).
      Environmental Impact                                       Ecosystem disturbance may affect environmental       Implementation of conservation programs
                                                                 sustainability and the Company’s reputation.         and protection of High Conservation Value
                                                                                                                      (HCV) areas.

 5    Kesehatan dan keselamatan Risiko Operasional               Risiko kecelakaan kerja dapat memengaruhi            Penerapan sistem manajemen K3 serta
      kerja                     Operational Risk                 keselamatan pekerja serta kelangsungan               pelatihan keselamatan kerja secara berkala.
      Occupational Health and                                    operasional Perseroan.                               Implementation of OHS management
      Safety                                                     Workplace accidents may affect employee safety       systems and regular safety training.
                                                                 and operational continuity.

 6    Kepatuhan terhadap regulasi Risiko Kepatuhan               Ketidakpatuhan terhadap regulasi dapat               Penguatan sistem kepatuhan serta
      Regulatory Compliance       Compliance Risk                menimbulkan sanksi hukum dan risiko reputasi         pemantauan perkembangan regulasi secara
                                                                 bagi Perseroan.                                      berkala.
                                                                 Non-compliance with regulations may lead to          Strengthening compliance systems and
                                                                 legal sanctions and reputational risks.              monitoring regulatory developments.


Risiko-risiko tersebut mencerminkan dinamika industri kelapa sawit                  These risks reflect the dynamics of the palm oil industry and the
serta meningkatnya perhatian terhadap aspek lingkungan, sosial,                     increasing focus on environmental, social and governance (ESG)
dan tata kelola (Environmental, Social, and Governance/ESG) yang                    aspects, which are essential elements of sustainable business
menjadi bagian penting dalam praktik usaha berkelanjutan.                           practices.




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Page 242
Selain itu, profil risiko Perseroan juga mencerminkan semakin          In addition, the Company’s risk profile reflects the increasing
pentingnya pengelolaan risiko terkait perubahan iklim dan              importance of managing climate-related and sustainability
keberlanjutan dalam kegiatan usaha Perseroan. Isu-isu seperti          risks within the Company’s business operations. Issues such as
emisi gas rumah kaca, efisiensi energi, pengelolaan sumber daya        greenhouse gas emissions, energy efficiency, natural resource
alam, serta keberlanjutan rantai pasok menjadi perhatian utama         management, and sustainable supply chains have become key
seiring meningkatnya tuntutan global terhadap praktik produksi         areas of focus amid growing global expectations for responsible
kelapa sawit yang bertanggung jawab. Oleh karena itu, Perseroan        palm oil production. Accordingly, the Company gradually integrates
secara bertahap mengintegrasikan pengelolaan risiko keberlanjutan      sustainability risk management into its strategic decision-making
ke dalam proses pengambilan keputusan strategis serta pengelolaan      processes and operational management across all business units.
operasional di seluruh unit usaha.

Dalam implementasinya, Perseroan juga terus memperkuat berbagai        In practice, the Company continues to strengthen various
inisiatif keberlanjutan, termasuk peningkatan efisiensi energi,        sustainability initiatives, including improving energy efficiency,
pengelolaan limbah dan sumber daya air secara bertanggung jawab,       implementing responsible waste and water resource management,
serta perlindungan keanekaragaman hayati di wilayah operasional.       and protecting biodiversity within its operational areas. These efforts
Upaya ini tidak hanya bertujuan untuk memitigasi potensi risiko        aim not only to mitigate potential environmental and social risks but
lingkungan dan sosial, tetapi juga untuk mendukung terciptanya nilai   also to support the creation of long-term value for the Company
jangka panjang bagi Perseroan dan para pemangku kepentingan.           and its stakeholders.

PENGUATAN PENGELOLAAN RISIKO ESG UTAMA                                 STRENGTHENING THE MANAGEMENT
                                                                       OF KEY ESG RISKS

Sejalan dengan karakteristik industri kelapa sawit yang sangat         In line with the characteristics of the palm oil industry, which heavily
bergantung pada sumber daya alam serta meningkatnya perhatian          depends on natural resources, and the increasing global attention
global terhadap praktik usaha yang bertanggung jawab, sebagian         toward responsible business practices, a significant portion of
besar profil risiko Perseroan berkaitan dengan aspek lingkungan,       the Company’s risk profile relates to environmental, social, and
sosial, dan tata kelola (Environmental, Social, and Governance/ESG).   governance (ESG) aspects. These risks include climate change
Risiko-risiko tersebut mencakup antara lain perubahan iklim dan        and greenhouse gas emissions, energy efficiency, water and
emisi gas rumah kaca, efisiensi energi, pengelolaan sumber daya        waste management, biodiversity protection, and social impacts
air dan limbah, perlindungan keanekaragaman hayati, serta dampak       on surrounding communities.
sosial terhadap masyarakat sekitar.

Risiko-risiko tersebut menjadi perhatian utama Perseroan karena        These risks are a key concern for the Company as they may affect
berpotensi memengaruhi keberlanjutan operasional, kepatuhan            operational sustainability, regulatory compliance, and the Company’s
terhadap regulasi, serta reputasi Perseroan di tingkat nasional        reputation at both national and global levels. Furthermore, the
maupun global. Selain itu, meningkatnya tuntutan pasar terhadap        growing market demand for sustainably produced palm oil products
produk kelapa sawit yang berkelanjutan turut mendorong Perseroan       encourages the Company to strengthen the implementation of
untuk memperkuat penerapan praktik keberlanjutan di seluruh            sustainability practices across its operations and supply chain.
kegiatan operasional dan rantai pasok.

Dalam rangka mengelola risiko-risiko tersebut, Perseroan terus         To address these risks, the Company continues to strengthen various
memperkuat berbagai inisiatif keberlanjutan, termasuk peningkatan      sustainability initiatives, including improving energy efficiency,
efisiensi energi, pemanfaatan energi terbarukan, pengelolaan limbah    utilizing renewable energy, implementing responsible waste
secara bertanggung jawab, perlindungan kawasan bernilai konservasi     management practices, protecting areas with High Conservation
tinggi, serta penguatan hubungan dengan masyarakat dan pemangku        Value (HCV), and strengthening engagement with communities and
kepentingan. Pendekatan ini menjadi bagian dari strategi Perseroan     stakeholders. This approach forms part of the Company’s strategy
dalam memastikan keberlangsungan usaha serta menciptakan nilai         to ensure business continuity while creating long-term value for
jangka panjang bagi para pemangku kepentingan.                         stakeholders.




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                                                                                                                                      Tata Kelola Perusahaan
                                                                                                                                   Good Corporate Governance




                                                                       Top ESG Risk
                                                            PT Sawit Sumbermas Sarana Tbk

                                                                                                             Perlindungan               Hubungan dengan Masyarakat
    Perubahan Iklim & Emisi GRK          Efisiensi Energi             Pengelolaan Air dan Limbah         Keanekaragaman Hayati                    dan Pekerja
  Climate Change & GHG Emissions        Energy Efficiency           Water and Waste Management           Biodiversity Protection        Relations with the Community
                                                                                                                                                and Workers




                              Perseroan secara berkelanjutan memantau dan mengelola risiko ESG utama guna memastikan keberlangsungan
                                            operasional serta mendukung penerapan praktik usaha yang bertanggung jawab.
                               The Company continuously monitors and manages its key ESG risks to ensure operational resilience and support
                                                                   responsible business practices.




INTEGRASI RISIKO PERUBAHAN IKLIM                                                      INTEGRATION OF CLIMATE-RELATED RISKS

Perseroan menyadari bahwa perubahan iklim merupakan salah satu                        The Company recognizes that climate change represents one of the
faktor eksternal yang dapat memengaruhi keberlanjutan operasional                     external factors that may affect the long-term sustainability of the
industri kelapa sawit dalam jangka panjang. Risiko tersebut antara                    palm oil industry. These risks include changes in rainfall patterns,
lain berkaitan dengan perubahan pola curah hujan, peningkatan                         rising temperatures, and potential impacts on crop productivity
suhu, serta potensi dampak terhadap produktivitas tanaman dan                         and water resource management.
pengelolaan sumber daya air.

Oleh karena itu, Perseroan secara bertahap mulai mengintegrasikan                     Therefore, the Company has gradually begun integrating climate-
pertimbangan risiko terkait perubahan iklim ke dalam proses                           related risk considerations into its risk management processes
manajemen risiko dan pengambilan keputusan strategis. Pendekatan                      and strategic decision-making. This approach includes efforts to
ini mencakup upaya pengurangan emisi gas rumah kaca, peningkatan                      reduce greenhouse gas emissions, improve energy efficiency, utilize
efisiensi energi, pemanfaatan sumber energi terbarukan, serta                         renewable energy sources, and implement sustainable plantation
penerapan praktik pengelolaan perkebunan yang berkelanjutan.                          management practices.

Melalui langkah-langkah tersebut, Perseroan berupaya untuk                            Through these measures, the Company aims to enhance
meningkatkan ketahanan operasional terhadap potensi dampak                            operational resilience against potential climate-related impacts
perubahan iklim sekaligus mendukung upaya global dalam mitigasi                       while contributing to global efforts to mitigate climate change and
perubahan iklim dan pengelolaan lingkungan yang berkelanjutan.                        promote sustainable environmental management.
Tinjauan atas Efektivitas Sistem Manajemen Risiko.

Efektivitas pelaksanaan manajemen risiko diwujudkan melalui                           Review of the effectiveness of the Risk Management System The
komitmen Perseroan untuk melaksanakan prinsip tata kelola                             effectiveness of risk management implementation is reflected in
dan sistem pengendalian internal secara menyeluruh. Perseroan                         the Company’s commitment to applying governance principles and
menerapkan strategi mitigasi risiko secara komprehensif yang                          internal control systems comprehensively. The Company implements
melibatkan unit operasional secara khusus.                                            a comprehensive risk mitigation strategy that specifically involves
                                                                                      operational units.

Pada tahun 2025, sistem manajemen risiko yang diterapkan                              In 2025, the Company’s risk management system operated fairly
Perseroan telah berjalan cukup efektif dan efisien dengan secara                      effectively and efficiently in continuously mitigating potential risks.
berkelanjutan memitigasi risiko yang kemungkinan timbul.                              The Company’s management consistently upholds compliance
Manajemen Perseroan selalu menjalankan kepatuhan dan bersama                          and, together with all units, implements standard operating
seluruh unit melaksanakan standar prosedur operasional serta                          procedures while fostering awareness among all employees and
membangun tingkat kesadaran setiap insan Perseroan dan                                other stakeholders regarding the implementation of strategies
pemangku kepentingan lainnya atas penerapan strategi yang                             designed to mitigate risks.
dirancang untuk memitigasi risiko.




                                                                                                                          PT Sawit Sumbermas Sarana Tbk          243
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PERNYATAAN DIREKSI DAN/ATAU DEWAN                                     STATEMENT OF THE BOARD OF DIRECTORS
KOMISARIS ATAU KOMITE AUDIT ATAS                                      AND/ OR BOARD OF COMMISSIONERS OR
KECUKUPAN SISTEM MANAJEMEN RISIKO                                     AUDIT COMMITTEE ON THE ADEQUACY
                                                                      OF THE RISK MANAGEMENT

Direksi dan Dewan Komisaris, melalui Komite Audit, secara konsisten   System The Board of Directors and Board of Commissioners,
memantau dan mengevaluasi pelaksanaan sistem manajemen risiko         through the Audit Committee, consistently monitor and evaluate
setiap tahun. Berdasarkan hasil evaluasi, Direksi dan/atau Dewan      the implementation of the risk management system every year.
Komisaris menilai bahwa sistem manajemen risiko Perseroan             Based on the evaluation results, the Board of Directors and/ or Board
telah berjalan efektif dan sesuai dengan ketentuan yang berlaku.      of Commissioners determined the Company’s risk management
Direksi dan Dewan Komisaris menegaskan komitmennya untuk              system has run effectively and in line with the applicable provisions.
mempertahankan kinerja ini guna memastikan keberlanjutan usaha        The Board of Directors and Board of Commissioners affirm their
Perseroan di masa mendatang.                                          commitment to maintain this performance to ensure Company’s
                                                                      business continuity in the future.




Perkara Hukum
Legal Matters

Sampai dengan 31 Desember 2025, Perseroan dan entitas anak tidak      As of December 31, 2025, the Company and subsidiaries were not
menghadapi perkara hukum. Begitu pula dengan ada anggota Dewan        involved in any legal proceedings. Likewise, no members of the
Komisaris dan Direksi Perseroan tidak ada yang sedang menghadapi      Board of Commissioners or the Board of Directors are currently
permasalahan hukum, baik perdata maupun pidana.                       facing any legal issues, whether civil or criminal.




Sanksi Administrasi
Administrative Sanctions

Sampai dengan 31 Desember 2025, Perseroan mendapati sanksi            As of December 31, 2025, the Company received any administrative
administrasi dari regulator sebesar Rp100,000 atas Keterlambatan      sanctions from the regulator amounting to IDR100,000 for the late
Penyampaian Laporan Hasil Evaluasi Komite Audit atas Laporan          submission of the Audit Committee’s Evaluation Report on the
Keuangan Tahunan PT Sawit Sumbermas Sarana Tbk per 31                 Annual Financial Statements of PT Sawit Sumbermas Sarana Tbk
Desember 2019.                                                        as of 31 December 2019.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




                                                                                                                   Kode Etik
                                                                                                         Code of Conduct

Kode Etik disusun berdasarkan nilai-nilai budaya Perusahaan sebagai     The Code of Conduct is formulated based on the Corporate’s culture
dasar sikap dan tindakan karyawan agar bekerja secara profesional       values as a foundation for employees’ behavior and attitudes,
dan beretika.                                                           enabling them to work professionally and ethically.

Kode Etik Perseroan disusun berlandaskan pada 3 pilar utama,            The Company’s Code of Conduct is compiled based on 3 main pillars,
yakni profit (ekonomi), people (masyarakat), dan planet (lingkungan),   namely profit (economy), people (society), and planet (environment),
dengan nilai-nilai sebagai berikut.                                     with the following values.
1. Care for the Company.                                                1. Care for the Company.
2. Care for the People.                                                 2. Care for the People.
3. Care for the Environment.                                            3. Care to the Environment.
4. Care for the Country, Indonesia                                      4. Care for the Country, Indonesia.

RUANG LINGKUP KODE ETIK                                                 SCOPE OF THE CODE OF CONDUCT

Kode Etik Perseroan berlaku bagi seluruh level organisasi meliputi      The Code of Conduct applies to all levels of the organization,
Dewan Komisaris, Direksi dan seluruh karyawan.                          including the Board of Commissioners, the Board of Directors,
                                                                        and all employees.

POKOK-POKOK KODE ETIK                                                   CODE OF CONDUCT PRINCIPLES

Secara garis besar isi Kode Etik Perseroan antara lain mengatur:        In general, the contents of the Company’s code of conduct include:
1. Benturan Kepentingan;                                                1. Conflict of Interest;
2. Pemberian dan Penerimaan Hadiah dan Donasi;                          2. Giving and Receiving Gifts and Donations;
3. Kepatuhan terhadap Peraturan;                                        3. Regulatory Compliance;
4. Kerahasiaan Informasi.                                               4. Information Confidentiality.

SOSIALISASI KODE ETIK                                                   CODE OF CONDUCT DISSEMINATION

Perseroan mengadakan berbagai acara untuk mensosialisasikan             The Company organized various activities to disseminate the Code
kode etik kepada seluruh pekerja di berbagai level manajemen.           of Conduct to employees at all management levels. These efforts
Langkah ini dilakukan untuk memastikan kode etik Perseroan telah        were undertaken to ensure that the Company’s Code of Conduct is
dipahami oleh seluruh pekerja.                                          well understood by all employees.

INTERNALISASI KODE ETIK                                                 CODE OF CONDUCT INTERNALIZATION

Setiap karyawan diharuskan menandatangani Kode Etik saat                Each employees is required to sign the Code of Conduct when they
bergabung dengan Perseroan.                                             join into the Company.

PENEGAKAN KODE ETIK                                                     ENFORCEMENT OF CODE OF CONDUCT

Sebagai upaya penegakan kode etik, Perseroan memberlakukan              As part to enforce the Code of Conduct, the Company imposes
sanksi atas tindakan pelanggaran kode etik yang bentuknya               sanctions for any violations of the Code of Conduct, with the form
disesuaikan dengan kebijakan dan peraturan perusahaan yang              of sanctions adjusted in accordance with the applicable company
berlaku.                                                                policies and regulations.

JUMLAH PELANGGARAN KODE ETIK                                            NUMBER OF CODE OF CONDUCT VIOLATIONS

Seluruh insan Perseroan telah menerapkan Kode Etik dengan baik,         All Company personnel have properly complied with and implemented
sehingga tidak ditemukan adanya pelanggaran kode etik Perseroan         the Code of Conduct, therefore no violations of the Company’s Code
sepanjang tahun 2025.                                                   of Conduct were identified throughout 2025.




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Page 246
Kebijakan Pemberian Kompensasi
Jangka Panjang Berbasis Kinerja Kepada
Manajemen dan/atau Karyawan
Performance-Based Long-Term Compensation
Policy for Management and/or Employees

Sampai dengan akhir tahun 2025, Perseroan belum memiliki             As of the end of 2025, the Company has not yet implemented a
kebijakan kompensasi jangka panjang berbasis kinerja kepada          performance-based long-term compensation policy for management
manajemen maupun karyawan, baik dalam bentuk program                 or employees, whether in the form of an Employee and/or
kepemilikan saham karyawan dan/atau manajemen (ESOP/MSOP)            Management Stock Ownership Program (ESOP/MSOP) or other types
maupun bentuk insentif jangka panjang lainnya. Meskipun demikian,    of long-term incentives. Nevertheless, the Company continuously
Perseroan senantiasa mengevaluasi sistem remunerasi dan insentif     evaluates its remuneration and incentive systems on a regular basis
secara berkala agar tetap sejalan dengan pencapaian kinerja jangka   to ensure alignment with long-term performance goals, business
panjang, keberlanjutan bisnis, serta daya saing industri.            sustainability, and industry competitiveness.




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                                           Kebijakan Pengungkapan Informasi
                                        Transaksi Pembelian/Penjualan Saham
                                            Oleh Dewan Komisaris Dan Direksi
                     Policy on Disclosure of Share Purchase/Sale Transactions
                        By the Board of Commissioners and Board of Directors


KEBIJAKAN                                                           POLICY

Kebijakan terkait pengungkapan informasi transaksi pembelian        The Company’s policy on the disclosure of share purchase and
dan penjualan saham oleh Dewan Komisaris dan Direksi Perseroan      sale transactions by members of the Board of Commissioners and
mengacu pada POJK No. 11/POJK.04/2017 tentang Laporan               Board of Directors refers to the provisions of Financial Services
Kepemilikan atau Setiap Perubahan Kepemilikan Saham Perusahaan      Authority Regulation (POJK) No. 11/POJK.04/2017 on the Reporting
Terbuka yang telah disesuaikan berdasarkan POJK No. 4 Tahun 2024    of Share Ownership or Any Changes in Share Ownership of Public
tentang Laporan Kepemilikan atau Setiap Perubahan Kepemilikan       Companies, as amended by POJK No. 4 of 2024 concerning the
Saham Perusahaan Terbuka dan Aktivitas Menjaminkan Saham            Reporting of Share Ownership or Any Changes in Share Ownership
Perusahaan Terbuka, maka setiap anggota Dewan Komisaris dan         of Public Companies and the Pledging of Public Company Shares.
Direksi diwajibkan untuk menyampaikan informasi kepada Perseroan    In accordance with this regulation, each member of the Board of
mengenai kepemilikan dan setiap perubahan kepemilikannya atas       Commissioners and Board of Directors is required to report to the
saham Bank paling lambat 3 (tiga) hari kerja setelah terjadinya     Company any ownership or changes in ownership of the Company’s
transaksi. Kemudian, Perseroan wajib menyampaikan laporan kepada    shares no later than 3 (three) working days after the transaction
OJK atas transaksi tersebut selambat-lambatnya 10 (sepuluh) hari    occurs. Subsequently, the Company must submit a report to the
sejak terjadi transaksi.                                            Financial Services Authority (OJK) regarding the transaction no
                                                                    later than 10 (ten) days from the date of the transaction.

PELAKSANAAN                                                         IMPLEMENTATION

Perseroan telah melaksanakan kebijakan terkait pengungkapan         The Company has implemented a policy regarding the disclosure of
informasi kepemilikan saham Direksi dan Dewan Komisaris dengan      share ownership by members of the Board of Directors and Board
melaporkan laporan kepemilikan saham Perseroan setiap bulan ke      of Commissioners by submitting monthly reports on the Company’s
regulator dan mengunggahnya di website IDX. Selain itu, Informasi   share ownership to the regulator and publishing this information
mengenai kepemilikan saham Direksi dan Dewan Komisaris juga telah   on the IDX website. In addition, Information regarding the share
diungkapkan dalam Komposisi Pemegang Saham Dewan Komisaris          ownership of the Board of Directors and the Board of Commissioners
dan Direksi pada bab Profil Perusahaan.                             has also been disclosed in the Composition of the Shareholders
                                                                    of the Board of Commissioners and the Board of Directors in the
                                                                    Company Profile chapter.




                                                                                                 PT Sawit Sumbermas Sarana Tbk   247
Page 248
Sistem Pelaporan Pelanggaran
Whistleblowing System

Sejak tahun 2022, Perseroan telah membangun sistem pelaporan             Since 2022, the Company has built a Whistleblowing System (“WBS”)
pelanggaran atau Whistleblowing System (“WBS”) yang berfungsi            which functions as a means to prevent, reveal suspected violations
sebagai sarana untuk mencegah, mengungkapkan dugaan                      or fraudulent acts that occur in the Company.
pelanggaran atau tindak kecurangan yang terjadi dalam Perusahaan.

Tujuan dari penerapan sistem ini meliputi:                               The purpose of implementing this system is as follows:
1. Menjadi pedoman dalam menangani pelaporan pelanggaran                 1. As guidelines in handling violation report from stakeholders;
    dari pemangku kepentingan;
2. Menyediakan saluran pelaporan untuk masalah yang tidak dapat          2. Provision of reporting channel for matter that cannot be resolved
    diselesaikan melalui prosedur normal;                                   through the normal procedure;
3. Menjamin mekanisme penyelesaian pelaporan secara efektif              3. Ensuring an effective and timely reporting resolution mechanism;
    dan tepat waktu;
4. Menghindari publikasi negatif yang merugikan Perseroan;               4. Avoiding negative publication that harms the Company;
5. Mendukung asas kesetaraan (fairness) dalam hubungan                   5. Support the fairness principle in the relation between the
    Perseroan dengan mitra usaha dan pemangku kepentingan                   Company and the business partners and other stakeholders; and
    lainnya; serta
6. Mengungkap permasalahan yang tidak sesuai dengan standar              6. Disclosing any issue not in accordance with the ethical standards
    etika perusahaan.                                                       of the Company

RUANG LINGKUP SISTEM                                                     SCOPE OF WHISTLEBLOWING SYSTEM
PELAPORAN PELANGGARAN

Ruang lingkup pelaporan dalam kebijakan sistem pelaporan                 Scope of reporting in the Company’s whistleblowing system policy
pelanggaran Perseroan mencakup tindakan atau perilaku yang               includes any action or behavior that are not in accordance with the
menyimpang dari kebijakan, etika, dan nilai-nilai perusahaan.            company’s policies, ethics, and values,. This violation may potentially
Pelanggaran ini berpotensi menimbulkan kerugian material maupun          resulting in material and non-material losses, such as:
non-material, meliputi:
1. Korupsi;                                                              1.   Corruption;
2. Suap atau gratifikasi;                                                2.   Bribes or gratuities;
3. Pemerasan;                                                            3.   Extortion;
4. Pencurian, penggelapan, atau penipuan;                                4.   Theft, embezzlement, or fraud;
5. Penyalahgunaan jabatan atau kewenangan; serta                         5.   Abuse of position or authority; and
6. Pelanggaran terhadap peraturan Perseroan.                             6.   Violation of Company regulation.

PROSEDUR PELAPORAN                                                       REPORTING PROCEDURES

Berikut ini adalah cara pelaporan terhadap pelanggaran melalui WBS:      The following are the procedures for reporting violations through
                                                                         WBS:
1. Dalam hal Pelapor adalah Karyawan:                                    1. In the case where the Reporter is an Employee:
   a. Pelapor dapat menyampaikan pengaduan secara langsung                  a. The reporter may directly submit a complaint regarding
       mengenai permasalahan akuntansi dan audit, pelanggaran                    accounting and audit issues, regulatory violations,
       peraturan, dugaan kecurangan dan/atau dugaan korupsi, dan                 suspected fraud and/or corruption, and breaches of the
       pelanggaran kode etik kepada Komite Pengaduan;                            code of conduct to Grievance Committee;
   b. Pelapor harus memberikan informasi yang dapat                         b. The reporter must provide verifiable information, including
       dipertanggungjawabkan meliputi masalah yang diadukan,                     the issue being reported, the parties involved, the location
       pihak yang terlibat, lokasi kejadian, waktu kejadian, kronologi           and time of the incident, a chronology of events, evidence,
       kejadian, bukti, dan informasi mengenai frekuensi terjadinya              and information on the frequency of the issue—such as
       masalah seperti apakah kasus ini pernah terjadi sebelumnya                whether it has occurred previously.
       atau tidak.
2. Dalam hal Pelapor adalah Pihak Ketiga/bukan Karyawan :                2. In the case where the Reporter is a Third Party / Non-Employee:
   a. Pelapor dapat menyampaikan pengaduan secara langsung                  a. The reporter may directly submit a complaint regarding
       mengenai permasalahan pelanggaran peraturan, dugaan                       regulatory violations, suspected fraud and/or suspected
       kecurangan dan/atau dugaan tindak pidana ekonomi, dan                     economic crimes, and violations of code of conduct to


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                                                                                                                                                          Good Corporate Governance




       pelanggaran kode etik kepada Komite Pengaduan sesuai                                                     the Grievance Committee through the Company’s contact
       dengan kontak Perseroan yang dicantumkan pada website                                                    information listed on the Company’s website;
       Perseroan;
   b. Pelapor harus memberikan informasi yang dapat                                                        b. The reporter must provide verifiable information, including
       dipertanggungjawabkan meliputi masalah yang diadukan,                                                  the issue being reported, the parties involved, the location
       pihak yang terlibat, lokasi kejadian, waktu kejadian, kronologi                                        and time of the incident, a chronology of events, evidence,
       kejadian, bukti, dan informasi mengenai frekuensi terjadinya                                           and information on the frequency of the issue—such as
       masalah seperti apakah kasus ini pernah terjadi sebelumnya                                             whether the case has occurred previously; and
       atau tidak; dan
3. Pelapor diwajibkan memberikan identitas diri.                                                  3. The reporter is required to provide their identity.

Media Pelaporan                                                                                   Reporting Media


                                                                  Email: pengaduan@ssms.co.id


PENANGANAN PENGADUAN                                                                              HANDLING COMPLAINTS


                                                                       Pelapor melaporkan pengaduan melalui
                                                                            saluran WBS yang tersedia.
                                                                     The reporter submits a complaint through the
                                                                   available Whistleblowing System (WBS) channels.



                                                                               Verifikasi dan Analisis
                                                                               Verification and Analysis


                                   a                                      b                                       c                                         d
                      Komite Pengaduan akan                Meminta data pendukung                         Memberikan nomor                  Membuat resume pelaporan
                     memeriksa kelengkapan                 tambahan jika diperlukan                     identifikasi pelaporan                dan mengirimkannya ke
                     data dan validitas laporan           Requests additional supporting                Requests additional                    pihak-pihak terkait
                    The Grievance Committee reviews             data if necessary                   supporting data if necessary.            Prepares a report summary and
                    the completeness of the data and                                                                                        forwards it to the relevant parties
                         the validity of the report




                                                                              Tindak Lanjut Pelaporan
                                                                               Follow-up on the Report

                                                              Komite Pengaduan dan pihak terkait pelaporan
                                                             melakukan telaah terhadap pelaporan yang masuk
                                                               The Grievance Committee and relevant parties review the
                                                                                submitted report


                                                Jika tidak terbukti                                              Jika terbukti
                                                  If unsubstantiated                                            If substantiated


                                                                                                                                 Pihak terkait membentuk tim
                                                                                                                               investigasi dengan internal audit
                                                                                                                           The relevant parties form an investigation team
                                                                                                                                     together with Internal Audit




                                                                                   Penyelesaian
                                                                                     Completion


                                                                                                    Jika terbukti melakukan pelanggaran
                                                                                                    If a violation is proven




                                                                                              Jika tidak terbukti              akan diberikan sanksi oleh Perseroan
                                                                                              If not proven                    Sanctions will be imposed by the Company


                                                                                 Laporan Ditutup
                                                                                 The report is closed




                                                                                                                                                  PT Sawit Sumbermas Sarana Tbk       249
Page 250
Pengelola Pengaduan                                                  Complaint Handler
Perseroan menugaskan Komite Pengaduan untuk mengelola WBS.           The Company tasked Grievance Committee to managing WBS. The
Komite Pengaduan yang dikoordinatori oleh Head of Sustainability     Grievance Committee is coordinated by the Head of Sustainability and
dan anggota komite yang terdiri dari Perwakilan Internal Audit dan   committee members consisting of Internal Audit Representatives
beberapa perwakilan divisi lainnya yang terkait dengan pelaporan     and several other divisional representatives related to incoming
yang masuk.                                                          reports.

Perlindungan bagi Pelapor                                            Protection for Whistleblower
Perseroan berkomitmen menjaga kerahasiaan identitas pelapor dan      The Company is committed to maintain the confidentiality of the
isi laporan sesuai ketentuan hukum yang berlaku. Perlindungan ini    reporter’s identity and the content of the report in line with the
bertujuan memastikan pelapor dan/atau keluarganya terhindar dari     applicable provision of laws. This protection aims to ensure the
risiko yang dapat merugikan atau membahayakan keselamatan.           reporter and/or the family are protected from any risk that could
                                                                     harm or endanger safety.

Sosialisasi Sistem Pelaporan Pelanggaran                             Dissemination of Whistleblowing System
Perseroan secara aktif menyosialisasikan kebijakan WBS kepada        The Company actively socialize the WBS policy to all employees and
seluruh karyawan dan pemangku kepentingan untuk meningkatkan         stakeholders to improve their understanding regarding the reporting
pemahaman mengenai prosedur pelaporan dan manfaat WBS.               procedure and the benefits of the WBS. This socialization aims
Sosialisasi ini bertujuan mendorong partisipasi aktif dalam          to encourage active participation in creating a transparent work
menciptakan lingkungan kerja yang transparan dan berintegritas.      environment with integrity. The socialization is done through face to
Pelaksanaannya dilakukan melalui pertemuan tatap muka, daring,       face and online meeting, as well as with installing stickers, posters,
serta pemasangan stiker, poster, dan spanduk di unit kerja dan       and banners in the work units and villages surrounding the Company.
desa sekitar Perseroan.

Sanksi Bagi Pelanggar                                                Sanction for Violators
Setiap pelanggaran yang terbukti akan dikenakan sanksi sesuai        Any proven violation will be subjected to sanction according to the
dengan ketentuan yang berlaku dan disesuaikan dengan jenis           applicable regulation and adjusted to the type of violation conducted.
pelanggaran yang dilakukan.

Jumlah Pengaduan                                                     Number of Complaints
Selama tahun 2025, Perseroan tidak menerima laporan terkait          During 2025, the Company did not receive any reports regarding
pelanggaran yang diatur dalam sistem pelaporan pelanggaran.          violations outlined in the whistleblowing system.




 250    Laporan Tahunan 2025 Annual Report
Page 251
                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




                                                                                 Kebijakan Anti Korupsi
                                                                                             Anti-Corruption Policy

SSMS memiliki komitmen untuk mencegah praktik korupsi                  SSMS is committed to preventing corruption practices within the
di lingkungan Perseroan. Komitmen ini dilaksanakan dengan              Company. This commitment is implemented through the Anti-
menerapkan kebijakan anti korupsi yang ditandatangani pada 28          Corruption Policy, which was signed on July 28, 2021.
Juli 2021.

Pemangku kepentingan dapat mengakses kebijakan anti korupsi di         Stakeholders can access the Anti-Corruption Policy on the Company’s
website Perseroan, https://cms.ssms.co.id/assets/pages-assets/         website: https://cms.ssms.co.id/assets/pages-assets/gcg-doc/
gcg-doc/gcgDoc_Anti_Corruption_Policy_0cQTZjkWJ.pdf.                   gcgDoc_Anti_Corruption_Policy_0cQTZjkWJ.pdf.

Kebijakan tersebut memuat jenis-jenis tindakan yang dikategorikan      The policy outlines the types of actions categorized as corruption
sebagai korupsi serta sanksinya.                                       as well as the appropriate sanctions.

SOSIALISASI KEBIJAKAN ANTI-KORUPSI                                     DISSEMINATION OF ANTI-CORRUPTION POLICY

Perseroan menunjukkan dukungan terhadap gerakan anti-korupsi           The Company shows support for anti-corruption movement through
melalui sosialisasi secara tatap muka serta pemasangan poster dan      face-to-face socialization and installation of posters or banners
spanduk di setiap unit kerja. Sebagai bentuk komitmen lebih lanjut,    in each work unit. As further commitment, the Company has
Perseroan telah mengimplementasikan WBS yang memfasilitasi             implemented WBS to facilitate reporting of indication of violation,
pelaporan indikasi pelanggaran, termasuk dugaan tindak pidana          including allegation of corruption act.
korupsi.

PELATIHAN ANTI-KORUPSI                                                 ANTI-CORRUPTION TRAINING

Pada tahun 2025, Perseroan tidak menyelenggarakan pelatihan anti       In 2025, the Company did not conduct formal anti-corruption training;
korupsi secara formal, namun tetap berkomitmen menanamkan              however, it remains committed to instilling integrity values and anti-
nilai integritas dan pencegahan korupsi melalui sosialisasi yang       corruption awareness through continuous socialization efforts for all
dilakukan secara berkelanjutan kepada seluruh karyawan. Sosialisasi    employees. Anti-corruption awareness is regularly delivered through
anti korupsi secara rutin disampaikan melalui kegiatan apel pagi       morning briefings at each operational unit, covering key messages
di masing-masing unit kerja, yang mencakup penyampaian pesan           on business ethics, integrity, and compliance with the Company’s
terkait etika bisnis, integritas, serta kepatuhan terhadap kebijakan   anti-corruption policies. In addition, the Company strengthens
anti korupsi Perseroan. Selain itu, Perseroan juga memperkuat upaya    awareness through the installation of anti-corruption banners and
peningkatan kesadaran melalui pemasangan spanduk dan media             other communication media across all operational units, as part of
komunikasi lainnya yang memuat pesan anti korupsi di seluruh unit      its commitment to fostering a culture of integrity and responsible
kerja, sebagai bagian dari komitmen dalam membangun budaya             business practices.
kerja yang menjunjung tinggi integritas dan praktik bisnis yang
bertanggung jawab.

SANKSI APABILA TERINDIKASI                                             SANCTIONS IF INDICATED TO
MELAKUKAN TINDAKAN KORUPSI                                             COMMITTING CORRUPTION ACTS

Perseroan berkomitmen untuk memberikan sanksi tegas bagi setiap        The Company is committed to provide strict punishment for any
karyawan yang terbukti melakukan tindakan korupsi. Sanksi tersebut     employee proven to commit corruption act. The sanction including:
meliputi:
1. Pemberhentian tidak dengan hormat; serta                            1. Dismissal with dishonor; and
2. Proses hukum sesuai dengan peraturan yang berlaku di wilayah        2. Legal process in accordance with the applicable regulations in
    Republik Indonesia.                                                   the Republic of Indonesia.

Pada tahun 2025, Perseroan tidak menerima laporan terkait dugaan       In 2025, the Company received no report related to alleged corruption
tindak korupsi.                                                        act.




                                                                                                      PT Sawit Sumbermas Sarana Tbk     251
Page 252
Pengendalian Gratifikasi
Gratification Control

Perseroan telah mengatur pengendalian gratifikasi melalui Kebijakan   The Company has established gratification control with the Anti-
Anti-Korupsi dan Etika Bisnis yang disahkan pada 28 Juli 2021 dan 1   Corruption and Business Ethics Policy, which respectively was
September 2023. Kebijakan ini menjadi pedoman dalam mencegah          ratified on July 28, 2021, and September 1, 2023. The policy serves
potensi konflik kepentingan, penyalahgunaan kekuasaan, serta          as a guideline to prevent potential conflicts of interest, abuse of
mendorong penerapan etika usaha dan kerja yang sehat. Meskipun        power, and encourage the implementation of sound business and
belum memiliki kebijakan khusus terkait gratifikasi, Perseroan        work ethics. Although it does not have a specific policy yet related to
berkomitmen untuk mengendalikan setiap bentuk pemberian yang          gratification, the Company is committed to control any form of giving
berpotensi menimbulkan benturan kepentingan, sebagai bagian dari      that may cause conflicts of interest, as part of the implementation
penerapan prinsip GCG.                                                of GCG principles.

PENGELOLAAN GRATIFIKASI                                               GRATIFICATION MANAGEMENT

Pengelolaan gratifikasi di Perseroan berada di bawah tanggung jawab   Gratification management in the Company is under the responsibility
Unit Audit Internal. Unit ini bertugas menelaah dan menginvestigasi   of Internal Audit Unit. This unit is in charge to review and investigate
setiap laporan gratifikasi yang diterima, kemudian menyampaikan       all incoming gratification report, and submit the results to the
hasilnya kepada Direksi dan pihak berwenang. Selain itu, Unit Audit   Board of Directors and the authorities. In addition, the Internal
Internal secara rutin memberikan laporan perkembangan dan             Audit Unit regularly submits progress reports and evaluation of
evaluasi implementasi Program Pengendalian Gratifikasi kepada         the implementation of Gratification Control Program to the Board
Direksi setiap bulan untuk memastikan kepatuhan dan efektivitas       of Directors every month to ensure compliance and effectiveness
program di seluruh lingkungan perusahaan.                             of the program throughout the company environment.

ETIKA TERKAIT GRATIFIKASI                                             ETHICS RELATED TO GRATIFICATION

Seluruh karyawan wajib mematuhi kebijakan etika bisnis yang telah     All employees are required to comply with the established business
ditentukan, sebagaimana diuraikan sebagai berikut.                    ethics, as outlined below.

1. Kebijakan                                                          1. Policy
   Perseroan akan menegakkan semua hukum domestik dan                    The Company will enforce all domestic and international laws,
   Internasional serta peraturan yang relevan dengan kegiatan            as well as the relevant regulations to the operational activities,
   operasi, termasuk Undang-Undang No. 20 Tahun 2001 tentang             including Law No. 20 of 2001 concerning the Amendments to Law
   Perubahan atas Undang-Undang No. 31 Tahun 1999 tentang                No. 31 of 1999 concerning the Eradication of Corruption Crimes.
   Pemberantasan Tindak Pidana Korupsi.
2. Transparansi                                                       2. Transparency
   Perseroan memberikan semua informasi yang bersifat publik             The Company provides all information of public nature to the
   kepada pemegang saham dan pemangku kepentingan terkait                shareholders and other relevant stakeholders that the Board
   lainnya yang dianggap perlu oleh Direksi sehingga memungkinkan        of Directors deems necessary to allow an objective decision
   pengambilan keputusan dilakukan secara objektif.                      making.
3. Pencatatan                                                         3. Recording
   Semua transaksi keuangan, dokumentasi pendukung bisnis                All financial transactions, business supporting documentation
   untuk pembayaran akan didokumentasikan dan disimpan sesuai            for payments will be documented and stored in accordance with
   dengan ketentuan yang berlaku.                                        applicable regulations.
4. Tidak Ada Sumbangan Politik                                        4. No Political Donations
   Perseroan tidak akan memberikan sumbangan kepada partai               The Company will not provide donations to political parties or
   politik atau untuk alasan politik.                                    for political reasons.
5. Tidak Ada Suap                                                     5. No Bribes
   Memberi atau menerima suap adalah hal yang tidak dapat                Giving or receiving bribes is unacceptable. A bribe is a gift or
   diterima. Suap adalah hadiah atau bujukan dalam bentuk apa            inducement in any form offered, promised or provided with the
   pun yang ditawarkan, dijanjikan atau disediakan dengan tujuan         aim of obtaining commercial, contractual, regulatory or personal
   untuk memperoleh keuntungan komersial, Kontrak, peraturan             advantage. This includes money, goods, food, entertainment
   atau pribadi. Hal ini termasuk pada uang, barang, makanan,            and other enjoyments.
   hiburan dan kenikmatan lainnya.




 252    Laporan Tahunan 2025 Annual Report
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                                                                                                               Tata Kelola Perusahaan
                                                                                                            Good Corporate Governance




6. Tidak Ada Uang Pelicin                                                6. No Kickbacks
   Perseroan secara aktif bekerja untuk menghindari pembayaran              The Company actively works to avoid the unauthorized payment
   atau penerimaan tidak resmi biaya fasilitasi atau suap.                  or receipt of facilitation fees or bribes. Unofficial payments made
   Pembayaran tidak resmi yang dibuat untuk mengamankan atau                to secure or speed up processes related to the government or
   mempercepat proses yang berhubungan dengan pemerintah                    government officials. Bribes are usually payments in exchange
   atau pejabat pemerintah. Suap biasanya pembayaran imbalan                for favoring a business, such as selecting a particular provider
   untuk mendukung bisnis, seperti memilih penyedia tertentu                or contractor.
   atau kontraktor.
7. Hadiah                                                                7. Gifts
   Hadiah hanya dapat diberikan kepada mitra bisnis atau pihak              Gifts can only be given to business partners or other parties with
   lain dengan persetujuan terlebih dahulu dari Direksi. Sifat dan          prior approval from the Board of Directors. The nature and value
   nilai dari hadiah yang diterima harus dilaporkan kepada Direksi,         of the gifts received must be reported to the Board of Directors,
   didokumentasikan dan disimpan oleh Perseroan.                            documented and stored by the Company.
8. Bisnis Personal                                                       8. Personal Business
   Direksi dan karyawan Perseroan dilarang menggunakan fasilitas            The Company’s Board of Directors and employees are prohibited
   perusahaan atau jam kerja perusahaan untuk melakukan bisnis              from using company facilities or company working hours to
   pribadi dan terlibat dalam kegiatan usaha tersebut.                      conduct personal business and engage in such business
                                                                            activities.
9. Benturan Kepentingan                                                  9. Conflicts of Interest
   Direksi dan karyawan dilarang memiliki perkebunan sawit dalam            The Board of Directors and employees are prohibited from
   radius 100 km untuk menghindari benturan kepentingan dan                 owning palm oil plantations within a radius of 100 km to avoid
   pengelolaan kebun perusahaan lebih profesional.                          conflicts of interest and more professional management of the
                                                                            company’s plantations.

LAPORAN PENGENDALIAN                                                     2025 GRATIFICATION CONTROL REPORT
GRATIFIKASI TAHUN 2025

Larangan penerimaan gratifikasi di Perseroan secara tegas                The prohibition of gratification acceptance at the Company has
diumumkan melalui situs web resmi perusahaan. Hal ini memastikan         been strictly announced through the company’s official website. This
bahwa setiap individu yang mengetahui adanya praktik pemberian           ensures that every individual who is aware of the practice of giving
atau penerimaan hadiah dan gratifikasi oleh karyawan, baik atas          or receiving of gifts and gratuities by employees, both on behalf of
nama pribadi maupun perusahaan, dapat segera melaporkannya               individual or the company, can immediately report it through WBS.
melalui WBS. Sepanjang tahun 2025, Perseroan tidak menerima              Throughout 2024, Throughout 2025, the Company did not receive
adanya laporan terkait gratifikasi yang terjadi di lingkungan kerja.     any reports of gratuities occurring in the workplace.

BUDAYA ANTI GRATIFIKASI                                                  ANTI-GRATIFICATION CULTURE

Perseroan menerapkan budaya anti-gratifikasi kepada seluruh              The Company instills the anti-gratification culture to all employees
karyawan melalui berbagai cara, seperti:                                 in various ways, such as:
1. Pada program pengenalan untuk karyawan baru;                          1. On the induction program for new employees;
2. Pemasangan poster, brosur dan leaflet yang dipasang di sekitar        2. Installation of posters, brochures, and leaflets around the
    wilayah operasional Perusahaan; serta                                    Company’s operational areas; and
3. Penyebaran informasi mengenai layanan keluhan yang dipasang           3. Dissemination of information regarding grievance services in all
    di seluruh tempat strategis, situs web, dan di slip gaji karyawan.       strategic places, websites, and on employee pay slips.




                                                                                                        PT Sawit Sumbermas Sarana Tbk    253
Page 254
Pengadaan Barang dan Jasa
Procurement of Goods and Services

Pengadaan barang/jasa adalah proses memperoleh barang atau              Procurement of goods and services is the process to acquire goods
jasa melalui metode tertentu guna mencapai kesepakatan terkait          or services through specific methods to reach agreements on the
spesifikasi, harga, dan waktu. Perseroan mengelola rantai pasokan       specification, price, and delivery time. The Company manages its
melalui kebijakan pengadaan yang menitikberatkan kualitas,              supply chain through procurement policy that focus on quality,
ketepatan waktu, dan efisiensi proses sesuai dengan peraturan           timeliness, and process efficiency in accordance with the applicable
yang berlaku.                                                           regulations.

Kebijakan ini didasarkan pada prinsip transparansi, akuntabilitas,      This policy is based on the principles of transparency, accountability,
independensi, serta menghindari konflik kepentingan. Departemen         independence, as well as and avoiding conflicts of interest. The
Pengadaan dan Logistik bertanggung jawab atas pelaksanaan               Procurement and Logistics Department is in charge for procurement,
pengadaan, baik melalui penunjukan langsung maupun tender oleh          either through direct appointment or tender carried out by the tender
komite tender, sesuai dengan SOP-PBJ.GN-001.                            committee, in accordance with SOP-PBJ.GN-001.

Seleksi ketat diterapkan dalam proses penunjukan pemasok guna           Strict selection is applied in the supplier appointment process to
memastikan kualitas produk, ketepatan waktu pengiriman, harga           ensure product quality, timely delivery, competitive pricing, and
yang kompetitif, dan kepatuhan terhadap kebijakan keberlanjutan.        compliance to the sustainability policies. Suppliers are required
Pemasok diwajibkan memenuhi prinsip berikut.                            to meet the following principles.
1. Panduan Hak Asasi Manusia dan Bisnis (UNGP).                         1. Guiding Principles on Human Rights and Business (UNGP).
2. Standar Lingkungan serta Kesehatan dan Keselamatan Kerja             2. Environmental and Occupational Health and Safety Standards
    (K3).                                                                   (OHS).

Ketentuan ini dicantumkan dalam kontrak kerja sama sebagai bagian       These provisions are included in the work contract as part of the
dari kepatuhan terhadap regulasi dan komitmen keberlanjutan             compliance with the regulations and Company’s sustainability
Perseroan.                                                              commitment.

TATA CARA ATAU PROSEDUR                                                 PROCEDURES FOR PROCUREMENT
PENGADAAN BARANG DAN JASA                                               OF GOODS AND SERVICES

Prosedur pengadaan barang dan jasa yang dilakukan Perseroan,            The procedures for procurement of goods and services done by the
diuraikan sebagai berikut.                                              Company, is outlined as follows.
1. Proses Penerimaan Form Permintaan Pengadaan Barang atau              1. Receipt of Request Form for Procurement of Goods or Services
    Jasa (FPPBJ).                                                           (FPPBJ).
2. Verifikasi dan analisa FPPBJ.                                        2. FPPBJ verification and analysis.
3. Memilih model pengadaan barang atau jasa yang diminta.               3. Select model of procurement of goods or services requested.
4. Pemilihan Penyedia barang atau jasa.                                 4. Selection of goods or services providers.
5. Memilih penyedia barang atau jasa dari Daftar Rekanan Terseleksi     5. Select goods or service providers from the Selected Partner
    (DRT) atau memilih penyedia di luar daftar rekanan apabila barang       List (DRT) or choosing providers outside the partner list if the
    atau jasa yang diminta tidak tersedia;                                  goods or services requested are not available.
6. Permintaan harga dan pembuatan surat permintaan penawaran            6. Request for price and preparation of letter of request for price
    harga.                                                                  quote.
7. Proses persetujuan pengadaan barang atau jasa.                       7. Approval for the procurement of goods or services.
8. Pemesanan pembelian barang atau jasa.                                8. Purchase orders for goods or services
9. Memonitoring status purchase order atau work order.                  9. Monitoring the status of purchase order or work order.
10. Menerima dan memeriksa bukti penerimaan barang atau jasa.           10. Receiving and examining proof of receipt of goods or services.




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                                                                                                             Tata Kelola Perusahaan
                                                                                                          Good Corporate Governance




                                                  Pencegahan Transaksi Orang Dalam
                                                                               Prevention of Insider Trading

Perseroan memiliki kebijakan yang melarang Direksi, Komisaris, dan     The Company has a policy prohibiting the Board of Directors, Board
karyawan untuk menggunakan informasi material non-publik untuk         of Commissioners, and employees from using non-public material
kepentingan pribadi, sebagaimana diatur dalam Pedoman Tata Kelola      information for personal interest, as stipulated in the Corporate
Perusahaan. Informasi ini mencakup data keuangan, aksi korporasi,      Governance Guidelines. This information includes financial data,
atau informasi strategis yang belum diungkapkan ke publik. Kebijakan   corporate actions, or strategic information that has not been
ini bertujuan untuk menjaga integritas pasar dan memastikan bahwa      disclosed to the public. This policy aims to maintain market integrity
tidak ada pihak yang mendapatkan keuntungan tidak wajar melalui        and ensure no party has unfair advantage via insider trading. The
insider trading. Perseroan juga menerapkan periode blackout, di        Company also implements a blackout period, where internal
mana pihak internal dilarang melakukan transaksi saham dalam           parties are prohibited from conducting stock transactions for a
periode tertentu sebelum laporan keuangan atau aksi korporasi          certain period prior to the announcement of financial statements
diumumkan kepada publik. Selain itu, transaksi pihak internal dengan   or corporate actions to the public. Also, any transactions between
pihak eksternal harus memenuhi persyaratan transparansi dan            the internal parties and external parties must meet transparency
kepatuhan terhadap regulasi yang berlaku.                              requirements and compliance with the applicable regulations.




    Perlakuan Adil dan Setara Terhadap Pemegang Saham
                                                       Fair and Equal Treatment of Shareholders

Perseroan memberikan perlakuan yang setara dan adil kepada             The Company provides equal and fair treatment to all shareholders,
seluruh pemegang saham, tanpa memandang jumlah kepemilikan             regardless of the number of shares owned or their background in
saham maupun latar belakangnya dalam memberikan informasi              providing the Company’s information.
mengenai Perusahaan.

Prinsip ini dijalankan melalui penyampaian informasi yang              This principle is implemented through the delivery of transparent,
transparan, akurat, dan tepat waktu, serta pemberian hak-hak           accurate, and timely information, as well as the fulfillment of
pemegang saham sesuai dengan ketentuan perundang-undangan              shareholders’ rights in accordance with applicable laws and
yang berlaku. Setiap pemegang saham memiliki hak yang sama             regulations. Each shareholder has the same right to obtain material
untuk memperoleh informasi material mengenai kondisi dan kinerja       information regarding the Company’s condition and performance,
Perseroan, menghadiri dan menyampaikan pendapat dalam RUPS,            to attend and express opinions at the GMS, and to receive dividends
serta menerima dividen sesuai dengan keputusan RUPS.                   in accordance with GMS resolutions.

Perseroan juga menyediakan saluran komunikasi dan akses informasi      The Company also provides open communication channels and
yang terbuka guna memastikan partisipasi dan perlindungan hak-         access to information to ensure proportional participation and
hak pemegang saham secara proporsional.                                protection of shareholders’ rights.




                                                                                                      PT Sawit Sumbermas Sarana Tbk    255
Page 256
Akses Informasi dan Data Perusahaan
Access to Company’s Information and Data

      Perseroan memastikan pengelolaan dan akses informasi serta data        The Company ensures the management and access of company’s
      perusahaan dilakukan secara transparan dan aman. Informasi terkait     information and data is carried out transparently and securely.
      profil perusahaan, produk dan jasa, laporan keuangan, dan aktivitas    Information related to company profile, products and services,
      korporasi dapat diakses oleh pemangku kepentingan melalui situs        financial statements, and corporate action are accessible by the
      web resmi di https://ssms.co.id/. Selain itu, informasi tambahan       stakeholders via official website https://www.pakuwonjati.com.
      juga dapat diperoleh dengan menghubungi kantor pusat Perseroan         Additional information can also be obtained by contacting the
      di alamat berikut.                                                     Company’s head office directly at the following address.


                                     Kantor Pusat                                                 Kantor Perwakilan Jakarta
                                      Head Office                                                Jakarta Representative Office
       Jl. H. Udan Said No. 47 Pangkalan Bun                                Equity Tower Lt. 43 Suite C-D
       Kalimantan Tengah 74113                                              Jl. Jend. Sudirman Kav. 52-53 SCBD Lot 9
       T         : (+62-532) 21297                                          Jakarta 12190, Indonesia
       F         : (+62-532) 21396                                          T         : (+62-21) 2903 5401
       W         : www.ssms.co.id                                           F         : (+62-21) 2903 5405
       E         : corporate@ssms.co.id                                     E         : corporate@ssms.co.id
                                                          Marketing and Product Information

                                                               e. commercial@ssms.co.id



      KORESPONDENSI DAN LAPORAN BERKALA                                      CORRESPONDENCE AND PERIODIC REPORTS

      Perseroan menyusun dan melaporkan informasi keuangan dan non-          The Company prepares and reports financial and nonfinancial
      keuangan secara transparan kepada Pemegang Saham, pemangku             information transparently to the Shareholders, stakeholders, and
      kepentingan, dan lembaga terkait sesuai ketentuan Transparansi         related institutions in line with the provisions of Transparency
      Kondisi Keuangan. Laporan ini disampaikan tepat waktu, akurat,         of Financial Conditions. These reports are submitted in timely,
      dan lengkap, mencakup:                                                 accurate, and complete manner, including:
      1. Laporan Tahunan;                                                    1. Annual Report;
      2. Laporan Keuangan Triwulanan;                                        2. Quarterly Financial Statements;
      3. Laporan bulanan administrasi Pemegang Saham;                        3. Monthly administration report of Company’s shareholders;
      4. Laporan rencana RUPS;                                               4. Report of GMS plan;
      5. Laporan Penggunaan Dana Hasil Penawaran Umum;                       5. Report on the Use of Public Offering Proceeds;
      6. Laporan kepemilikan saham Direksi dan Komisaris;                    6. Report on the share ownership of the Board of Directors and
                                                                                 Board of Commissioners;
      7. Penjelasan dan klarifikasi atas pemberitaan di media massa          7. Explanation and clarification of news coverage in the mass
         kepada Bursa Efek Indonesia dan Otoritas Jasa Keuangan; serta           media to the Indonesia Stock Exchange and Financial Services
                                                                                 Authority; and
      8. Keterbukaan informasi corporate action dan public expose.           8. Information disclosure of corporate action and public expose.

      Perseroan juga rutin berkorespondensi dan melaporkan kepada            The Company also regularly corresponding and reporting to the
      Bursa Efek Indonesia dan Otoritas Jasa Keuangan sebagai wujud          Indonesia Stock Exchange and Financial Services Authority as a
      komitmen terhadap transparansi dan keterbukaan informasi bagi          form of commitment to transparency and information disclosure
      publik dan pemangku kepentingan.                                       to the public and stakeholders.




256      Laporan Tahunan 2025 Annual Report
Page 257
                                                                                                                             Tata Kelola Perusahaan
                                                                                                                          Good Corporate Governance




             Pernyataan dan Praktik Bad Corporate Governance
                            Statements and Practices of Bad Corporate Governance

Praktik bad corporate governance terjadi ketika perusahaan gagal                  The bad corporate governance practices occur when a company
menerapkan prinsip transparansi, akuntabilitas, dan integritas. Hal               fails to implement the principles of transparency, accountability,
ini dapat mencakup kurangnya pengawasan, konflik kepentingan,                     and integrity. This can include lack of oversight, conflicts of interest,
manipulasi laporan keuangan, dan pengabaian hak pemangku                          manipulation of financial statements, and neglect of stakeholder
kepentingan. Praktik semacam ini merusak reputasi, mengurangi                     rights. Such practices damage reputation, reduce investor
kepercayaan investor, dan berpotensi menimbulkan kerugian                         confidence, and have the potential to cause financial and legal
finansial serta hukum. Untuk itu, Perseroan perlu berkomitmen                     losses. Therefore, the Company needs to commit to GCG principles
pada prinsip-prinsip GCG agar operasional tetap berkelanjutan                     so that operations remain sustainable and reliable. This commitment
dan terpercaya. Komitmen tersebut diimplementasikan melalui                       is implemented through the following description.
uraian berikut.


                  Uraian                                                                          Praktik
                Description                                                                       Practice

 Adanya laporan sebagai perusahaan yang        Hingga akhir tahun 2025, Perseroan tidak menerima laporan terkait pencemaran lingkungan yang dilakukan
 mencemari lingkungan.                         oleh Perseroan dan Entitas Anak.
 Reported as a company involved in             Until end of 2025, the Company has not received any report related to environmental pollution caused by the
 environmental pollution.                      Company and its Subsidiaries.

 Perkara penting yang sedang dihadapi oleh     Hingga akhir 2025, tidak terdapat perkara penting yang sedang dihadapi oleh Perseroan anggota Dewan Komisaris,
 perusahaan, anggota Dewan Komisaris, dan/     dan/atau Direksi sebagaimana diungkapkan dalam pembahasan Perkara Penting dan Sanksi Administratif.
 atau Direksi yang sedang menjabat tidak       Until the end of 2025, there was no important case being faced by the Company, members of the Board of
 diungkapkan dalam Laporan Tahunan.            Commissioners, and/or Board of Directors as disclosed in the Important Case and Administrative Sanctions
 Important case being faced by the             sections.
 company, serving members of the Board of
 Commissioners, and/or Board of Directors is
 not disclosed in the Annual Report.

 Ketidakpatuhan dalam pemenuhan kewajiban Sebagai bentuk kepatuhan terhadap peraturan perpajakan, Perseroan telah memenuhi kewajiban pajaknya
 perpajakan.                              dengan melakukan pembayaran pajak sesuai ketentuan yang berlaku. Informasi mengenai pembayaran pajak
 Non-compliance of tax obligations.       tahun 2025 telah diungkapkan dalam Laporan Keuangan Konsolidasian Perseroan.
                                          As a form of compliance with the tax regulations, the Company has fulfilled its tax obligations by paying the
                                          tax in line with the applicable provisions. Information on the tax payments for 2024 has been disclosed in the
                                          Company’s Consolidated Financial Statements.
 Ketidaksesuaian penyajian Laporan Tahunan     Penyusunan Laporan Tahunan dan Laporan Keuangan Perseroan disesuaikan dengan peraturan yang berlaku.
 dan Laporan Keuangan dengan peraturan yang    Laporan Tahunan memuat Laporan Manajemen mengenai tugas, tantangan, dan capaian sepanjang tahun 2025,
 berlaku dan Standar Akuntansi Keuangan.       berdasarkan Peraturan Otoritas Jasa Keuangan No. 29/POJK.04/2016. Sementara itu, Laporan Keuangan telah
 Discrepancy in the presentation of Annual     disusun sesuai dengan peraturan dan Standar Akuntansi Keuangan dan telah diaudit serta disahkan oleh KAP
 Report and Financial Statements in line       Ernst & Young Indonesia, Purwanto Susanti dan Surja untuk periode 2025.
 with applicable regulations and Financial     The preparation of the Company's Annual Report and Financial Statements are following the applicable regulations.
 Accounting Standards.                         The Annual Report includes the Management Report on the duties, challenges, and achievements throughout
                                               2024, based on the Financial Services Authority Regulation No. 29/POJK.04/2016. Meanwhile, the Financial
                                               Statements have been prepared in line with applicable regulations and Financial Accounting Standards and
                                               have been audited by KAP Ernst & Young Indonesia, Purwanto Susanti & Surja for the 2025 period.

 Kasus terkait buruh dan karyawan.             Sepanjang tahun 2025, tidak terdapat kasus terkait buruh dan karyawan di lingkungan Perseroan dan Entitas Anak.
 Cases related to labor and employees.         Throughout 2025, there was no case related to labor and employees within the Company and its Subsidiaries.

 Tidak terdapat pengungkapan segmen operasi.   Informasi terkait segmen operasi Perseroan telah diungkapkan pada Bab Analisis dan Pembahasan Manajemen
 No disclosure of operational segments.        Atas Kinerja Perusahaan dalam Laporan Tahunan ini.
                                               Information regarding Company’s operational segments has been disclosed in the Management Discussion and
                                               Analysis of Company Performance section in this Annual Report.

 Terdapat ketidaksesuaian antara Laporan       Perseroan secara rutin melakukan pengecekan terhadap kesesuaian data Laporan Tahunan antara versi
 Tahunan hardcopy dengan Laporan Tahunan       hardcopy dan softcopy.
 softcopy.                                     The Company regularly checks the data consistency between the hardcopy and softcopy version of the Annual
 Discrepancies between the hardcopy and        Report.
 softcopy of the Annual Report.




                                                                                                                     PT Sawit Sumbermas Sarana Tbk         257
Page 258
Pengungkapan Pedoman Tata Kelola Perusahaan Terbuka
Disclosure Of Corporate Governance Guidelines For Public Companies

Berdasarkan POJK No. 21/POJK.04/2015 tentang Penerapan                            In accordance with Financial Services Authority Regulation
Pedoman Tata Kelola Perusahaan Terbuka dan SEOJK No. 32/                          (POJK) No. 21/POJK.04/2015 on the Implementation of Corporate
SEOJK.04/2015 terkait Pedoman Tata Kelola Perusahaan Terbuka,                     Governance Guidelines for Public Companies and Circular Letter of
penerapan praktik Tata kelola Perusahaan Yang Baik yang dijalankan                the Financial Services Authority (SEOJK) No. 32/SEOJK.04/2015
oleh Perusahaan dilakukan melalui pendekatan comply atau explain.                 on Corporate Governance Guidelines for Public Companies, the
                                                                                  implementation of Good Corporate Governance (GCG) practices by
                                                                                  the Company is carried out through a “comply or explain” approach.

Perusahaan mengungkapkan informasi sehubungan dengan                              The Company discloses information regarding the recommendations
rekomendasi yang telah dilaksanakan Perusahaan atau memberikan                    it has implemented or provides explanations in cases where such
penjelasan jika belum atau tidak melaksanakan rekomendasi                         recommendations have not yet been or are not implemented.
tersebut.


 Pemenuhan Rekomendasi Pedoman Tata Kelola Perusahaan Terbuka
 Fulfillment of Recommendations for Public Company Governance Guidelines

                                         REKOMENDASI                                                        IMPLEMENTASI DI PERSEROAN
                                       RECOMMENDATIONS                                                    IMPLEMENTATION AT THE COMPANY

  A    HUBUNGAN PERUSAHAAN TERBUKA DENGAN PEMEGANG SAHAM DALAM MENJAMIN HAK-HAK PEMEGANG SAHAM
       RELATIONSHIP OF PUBLIC COMPANY WITH THE SHAREHOLDERS IN ENSURING THE SHAREHOLDERS’ RIGHTS

       Prinsip 1 / Principle 1
       Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS)
       Improving the Value of General Meeting of Shareholders (GMS) Convention

 1.1   Perusahaan Terbuka memiliki cara atau prosedur teknis pengumpulan suara (voting) baik                             Terpenuhi
       secara terbuka maupun tertutup yang mengedepankan independensi, dan kepentingan                                    Comply
       pemegang saham.
       Public company has technical procedures for opened or closed voting that promote
       independency and shareholders’ interests.

 1.2   Seluruh anggota Direksi dan anggota Dewan Komisaris Perusahaan Terbuka hadir                                      Terpenuhi
       dalam RUPS Tahunan.                                                                                                Comply
       All Members of the Directors and Board of Commissioners are present at Annual GMS.

 1.3   Ringkasan risalah RUPS tersedia dalam Situs Web Perusahaan Terbuka paling sedikit                                 Terpenuhi
       selama 1 (satu) tahun.                                                                                             Comply
       Summary of GMS Minutes is available on public company’s Website by no less than 1
       (one) year.

       Prinsip 2 / Principle 2
       Meningkatkan Kualitas Komunikasi Perusahaan Terbuka dengan Pemegang Saham atau Investor
       Improving Communication Quality of Public Company with Shareholders or Investors

 2.1   Perusahaan Terbuka memiliki suatu kebijakan komunikasi dengan pemegang saham              Tidak Terpenuhi. Perseroan belum memiliki kebijakan khusus
       atau Investor.                                                                             terkait komunikasi dengan pemegang saham atau Investor.
       Public company has a communication policy with shareholders or investors.               Meskipun begitu, Perseroan menjunjung tinggi transparansi dan
                                                                                               keterbukaan informasi kepada pemegang saham atau investor.
                                                                                                  Perseroan menyediakan informasi mengenai perusahaan di
                                                                                                   situs web yang dapat diakses kapan saja dan di mana saja
                                                                                                   oleh pemegang saham atau investor. Perseroan juga rutin
                                                                                                  mengadakan public expose dan kegiatan komunikasi lainnya
                                                                                                    kepada pemegang saham atau investor dan masyarakat.
                                                                                                  Not Comply, The Company has not yet established a specific
                                                                                               policy regarding communication with shareholders or investors.
                                                                                                 Nevertheless, the Company upholds a strong commitment to
                                                                                                 transparency and information disclosure to shareholders and
                                                                                                investors. The Company provides corporate information on its
                                                                                                 website, which can be accessed by shareholders or investors
                                                                                                 anytime and anywhere. The Company also regularly conducts
                                                                                                    public exposes and other communication activities with
                                                                                                             shareholders, investors, and the public.




 258      Laporan Tahunan 2025 Annual Report
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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                       Good Corporate Governance




Pemenuhan Rekomendasi Pedoman Tata Kelola Perusahaan Terbuka
Fulfillment of Recommendations for Public Company Governance Guidelines

                                        REKOMENDASI                                                       IMPLEMENTASI DI PERSEROAN
                                      RECOMMENDATIONS                                                   IMPLEMENTATION AT THE COMPANY

2.2   Perusahaan Terbuka mengungkapkan kebijakan komunikasi Perusahaan Terbuka                 Tidak Terpenuhi. Perseroan belum memiliki kebijakan khusus
      dengan pemegang saham atau investor dalam Situs Web.                                      terkait komunikasi dengan pemegang saham atau Investor.
      Public company discloses its communication policy with shareholders or investors       Meskipun begitu, Perseroan menjunjung tinggi transparansi dan
      in Website.                                                                            keterbukaan informasi kepada pemegang saham atau investor.
                                                                                                Perseroan menyediakan informasi mengenai perusahaan di
                                                                                              situs web yang dapat diakses kapan saja dan di mana saja oleh
                                                                                                             pemegang saham atau investor.
                                                                                                Not Comply. The Company has not yet established a specific
                                                                                             policy regarding communication with shareholders or investors.
                                                                                               Nevertheless, the Company upholds a strong commitment to
                                                                                               transparency and information disclosure to shareholders and
                                                                                              investors. The Company provides corporate information on its
                                                                                               website, which can be accessed by shareholders or investors
                                                                                                                  anytime and anywhere.

 B    HUBUNGAN PERUSAHAAN TERBUKA DENGAN PEMEGANG SAHAM DALAM MENJAMIN HAK-HAK PEMEGANG SAHAM
      RELATIONSHIP OF PUBLIC COMPANY WITH THE SHAREHOLDERS IN ENSURING THE SHAREHOLDERS’ RIGHTS

      Prinsip 3 / Principle 3
      Memperkuat Keanggotaan dan Komposisi Dewan Komisaris
      Strengthening the Membership and Composition of Board of Commissioners

3.1   Penentuan jumlah anggota Dewan Komisaris mempertimbangkan kondisi Perusahaan                                     Terpenuhi
      Terbuka.                                                                                                          Comply
      Determination of number of Board of Commissioners’ members shall consider the
      conditions of Public Company.

3.2   Penentuan komposisi anggota Dewan Komisaris memperhatikan keberagaman keahlian,                                  Terpenuhi
      pengetahuan, dan pengalaman yang dibutuhkan.                                                                      Comply
      Determination of Composition of Board of Commissioners’ members considers the
      variety of expertise, knowledge, and experiences required.

      Prinsip 4 / Principle 4
      Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris
      Improving the Quality of Job and Responsibility Performance of Board of Commissioners

4.1   Dewan Komisaris mempunyai kebijakan penilaian sendiri (self-assessment) untuk
      menilai kinerja Dewan Komisaris.                                                                                 Terpenuhi
      Board of Commissioners has self assessment policy to assess the performance of                                    Comply
      Board of Commissioners.

4.2   Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Dewan Komisaris,                             Terpenuhi
      diungkap melalui Laporan Tahunan Perusahaan Terbuka.                                                              Comply
      Self Assessment policy to assess the performance of Board of Commissioners is
      disclosed in Annual Report of Public Company.

4.3    Dewan Komisaris mempunyai kebijakan terkait pengunduran diri anggota Dewan                                      Terpenuhi
      Komisaris apabila terlibat dalam kejahatan keuangan.                                                              Comply
      Board of Commissioners has a policy with respect to the resignation of the member of
      the Board of Commissioners if such member is involved in financial crime.

4.4   Dewan Komisaris atau Komite yang menjalankan fungsi Nominasi dan Remunerasi                                      Terpenuhi
      menyusun kebijakan suksesi dalam proses Nominasi anggota Direksi.                                                 Comply
      Board of Commissioners or Committee that conduct the Nomination and Remuneration
      functions arrange succession policy in nomination process of members of Board of
      Directors.

C.    FUNGSI DAN PERAN DIREKSI
      BOARD OF DIRECTORS’ FUNCTIONS AND ROLES

5.    Prinsip 5 / Principle 5
      Memperkuat Keanggotaan dan Komposisi Direksi
      Strengthening the Membership and Composition of the Board of Directors

5.1   Penentuan jumlah anggota Direksi mempertimbangkan kondisi Perusahaan Terbuka                                     Terpenuhi
      serta efektifitas dalam pengambilan keputusan.                                                                    Comply
      Determination of number of Board of Directors’ members considers the condition of
      public company and the effectiveness of decision-making.




                                                                                                                  PT Sawit Sumbermas Sarana Tbk       259
Page 260
Pemenuhan Rekomendasi Pedoman Tata Kelola Perusahaan Terbuka
Fulfillment of Recommendations for Public Company Governance Guidelines

                                        REKOMENDASI                                                      IMPLEMENTASI DI PERSEROAN
                                      RECOMMENDATIONS                                                  IMPLEMENTATION AT THE COMPANY

5.2   Penentuan komposisi anggota Direksi memperhatikan, keberagaman keahlian,                                   Terpenuhi
      pengetahuan, dan pengalaman yang dibutuhkan.                                                                Comply
      Determination of Board of Directors’ members considers the variety of expertise,
      knowledge, and experiences required.

5.3   Anggota Direksi yang membawahi bidang akuntansi atau keuangan memiliki keahlian                            Terpenuhi
      dan/atau pengetahuan di bidang akuntansi.                                                                   Comply
      Members of the Board of Directors who are liable for accounting or finance have
      accounting expertise and/ or knowledge.

6.    Prinsip 6 / Principle 6
      Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi
      Improving the Quality of Job and Responsibility Performance of Board of Directors

6.1   Direksi mempunyai kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja                      Terpenuhi
      Direksi.                                                                                                    Comply
      Board of Directors has self assessment policy to assess performance of Directors.

6.2   Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Direksi diungkap                       Terpenuhi
      melalui Laporan Tahunan Perusahaan Terbuka.                                                                 Comply
      Self-assessment policy to assess the performance of Board of Directors is disclosed
      in Annual Report of public company.
6.3   Direksi mempunyai kebijakan terkait pengunduran diri anggota Direksi apabila terlibat                      Terpenuhi
      dalam kejahatan keuangan.                                                                                   Comply
      Board of Directors has a policy related to resignation of Board of Directors’ members
      involved in financial crimes.

D.    PARTISIPASI PEMANGKU KEPENTINGAN
      PARTICIPATION OF STAKEHOLDERS

7.    Prinsip 7 / Principle 7
      Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan
      Improving corporate governance aspect through participation of stakeholders

7.1   Perusahaan Terbuka memiliki kebijakan untuk mencegah terjadinya insider trading.                           Terpenuhi
      Public Company has a policy to prevent insider trading.                                                     Comply

7.2   Perusahaan Terbuka memiliki kebijakan anti korupsi dan anti fraud.                                         Terpenuhi
      Public company has anti corruption and anti fraud policy.                                                   Comply

7.3   Perusahaan Terbuka memiliki kebijakan tentang seleksi dan peningkatan kemampuan                            Terpenuhi
      pemasok atau vendor.                                                                                        Comply
      Public company has a policy concerning selection and capability improvement of
      suppliers and vendors.

7.4   Perusahaan Terbuka memiliki kebijakan untuk pemenuhan hak-hak kreditur. Public                             Terpenuhi
      company has a policy concerning the fulfillment of creditors’ rights.                                       Comply

7.5   Perusahaan Terbuka memiliki kebijakan Whistleblowing System.                                               Terpenuhi
      Public company has a policy of Whistleblowing System.                                                       Comply

7.6   Perusahaan Terbuka memiliki kebijakan pemberian insentif jangka panjang kepada Terpenuhi
      Direksi dan Karyawan.                                                                   Comply
      Public company has long-term incentive policy for the Board of Directors and employees.

E.    KETERBUKAAN INFORMASI
      INFORMATION DISCLOSURE

8.    Prinsip 8 / Principle 8
      Meningkatkan Pelaksanaan Keterbukaan
      Improving the Implementation of Information Disclosure

8.1   Perusahaan Terbuka memanfaatkan penggunaan teknologi informasi secara lebih luas                           Terpenuhi
      selain Situs Web sebagai media keterbukaan informasi.                                                       Comply
      Public Company takes benefits from application of a broader information technology
      other than website as information disclosure media.




260      Laporan Tahunan 2025 Annual Report
Page 261
                                                                                                              Tata Kelola Perusahaan
                                                                                                           Good Corporate Governance




Pemenuhan Rekomendasi Pedoman Tata Kelola Perusahaan Terbuka
Fulfillment of Recommendations for Public Company Governance Guidelines

                                        REKOMENDASI                                               IMPLEMENTASI DI PERSEROAN
                                      RECOMMENDATIONS                                           IMPLEMENTATION AT THE COMPANY

8.2   Laporan Tahunan Perusahaan Terbuka mengungkapkan pemilik manfaat akhir dalam                         Terpenuhi
      kepemilikan saham Perusahaan Terbuka paling sedikit 5% (lima persen), selain                          Comply
      pengungkapan pemilik manfaat akhir dalam kepemilikan dan pengendali.
      Annual Report of public company discloses beneficial owner in share ownership of
      public company of at least 5% (five percent), other than disclosure of beneficial owner
      in share ownership of public company through major controlling shareholders.




                                                                                                       PT Sawit Sumbermas Sarana Tbk   261
Page 262
Penerapan Aspek dan Prinsip Tata Kelola
Perusahaan Sesuai Ketentuan Pedoman
Umum Governansi Korporat Indonesia
Implementation of Corporate Governance Aspects
and Principles Following the Provisions of Indonesian
General Guidelines for Corporate Governance

Selain Pedoman Tata Kelola Perusahaan Terbuka berdasarkan                           In addition to Corporate Governance Guidelines for Public Companies
Otoritas Jasa Keuangan, Perseroan juga mematuhi dan                                 from the Financial Services Authority (OJK), the Company also
mengimplementasikan prinsip dan rekomendasi PUGKI 2021,                             comply and implements the principles and recommendations of
sebagaimana diuraikan berikut.                                                      the 2021 General Guidelines for Indonesian Corporate Governance
                                                                                    (PUGKI), as outlined below.
                             Prinsip/Rekomendasi                                          Keterangan                    Penerapan di Perseroan
                         Principles/Recommendations                                       Description                Implementation in the Company

I.     Peran dan Tanggung Jawab Direksi dan Dewan Komisaris
       Roles and Responsibilities of the Board of Directors and the Board of Commissioners

1.     Peran dan Tanggung Jawab Direksi
       Roles and Responsibilities of the Board of Directors

a.     Untuk mencapai penciptaan nilai yang berkelanjutan, Direksi menjalankan            Diterapkan    Perseroan, melalui Direksi, menerapkan standar etika bisnis
       peran kepemimpinannya dan berupaya mencapai hasil governansi, yakni:                 Applied     tinggi yang diwujudkan dalam Kode Etik, dengan menanamkan
       • Berdaya saing dan berfokus ke kinerja jangka panjang;                                          nilai-nilai kepedulian, tanggung jawab, dan integritas. Direksi
       • Beretika dan bertanggung jawab dalam menjalankan bisnis;                                       berkomitmen menjalankan bisnis yang beretika, bertanggung
       • Berkontribusi positif terhadap masyarakat dan lingkungan; serta                                jawab, serta berkontribusi positif terhadap masyarakat
       • Berkemampuan dalam bertahan dan bertumbuh (corporate resilience).                              dan lingkungan, guna mencapai kinerja berkelanjutan dan
       To achieve the creation of sustainable values, the Board of Directors carries                    mendukung pertumbuhan jangka panjang.
       out its leadership roles and strives to achieve governance results, namely:                      The Company, through the Board of Directors, implements high
       • Competitive and focus on long-term performance;                                                business ethics standards as stated in the Code of Conduct,
       • Ethical and responsible in carrying out businesses;                                            by instilling values of care, responsibility, and integrity. The
       • Positive contribution to the community and the environment; and                                Board of Directors is committed to carry out business in ethical,
       • Able to survive and grow {corporate resilience}.                                               responsible manner, as well as contributing positively to the
                                                                                                        community and the environment, to achieve sustainable
                                                                                                        performance and support long-term growth.

b.     Direksi harus memastikan bahwa misi, visi, tujuan, sasaran, strategi, dan          Diterapkan    Perseroan memastikan bahwa visi, misi, serta strategi bisnis
       rencana tahunan dan jangka menengah korporasi konsisten dengan tujuan                Applied     jangka pendek dan jangka panjang berjalan selaras melalui
       jangka panjang, dengan memanfaatkan inovasi dan teknologi secara efektif.                        pemanfaatan teknologi dan inovasi secara optimal untuk
       The Board of Directors must ensure the corporate’s mission, vision, objectives,                  mendukung pencapaian target dan pertumbuhan yang
       targets, strategies and annual and medium-term plans, are consistent with                        berkelanjutan.
       the long-term objectives, by utilizing innovations and technologies effectively.                 The Company ensures the vision, mission, as well as short-
                                                                                                        term and long-term business strategies are aligned through
                                                                                                        optimum utilization of technology and innovation to support
                                                                                                        the target achievement and sustainable growth.

c.     Direksi memastikan bahwa korporasi menerapkan manajemen risiko dan                 Diterapkan    Direksi memastikan bahwa sistem manajemen risiko dan
       sistem pengendalian internal yang tepat dan efektif yang selaras dengan              Applied     pengendalian internal diterapkan secara tepat dan efektif,
       visi, misi, tujuan, sasaran, dan strategi korporasi serta mematuhi peraturan                     selaras dengan visi, misi, tujuan, sasaran, dan strategi
       perundang-undangan dan standar yang berlaku.                                                     korporasi, serta sesuai dengan peraturan dan standar yang
       The Board of Directors ensures the corporation applies appropriate and                           berlaku.
       effective risk management and internal control system in line with corporate’s                   The Board of Directors ensures the risk management system
       vision, mission, objectives, targets, and strategies as well as complies with                    and internal control are properly and effectively implemented,
       applicable laws and regulations and standards.                                                   in line with vision, mission, goals, objectives, and corporate
                                                                                                        strategy, as well as in line with applicable regulations and
                                                                                                        standards.




 262    Laporan Tahunan 2025 Annual Report
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                                                                                                                               Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




                           Prinsip/Rekomendasi                                            Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                         Description                Implementation in the Company

d.   Direksi memastikan integritas akuntansi dan sistem pelaporan keuangan                Diterapkan    Direksi memastikan integritas sistem pelaporan keuangan
     korporasi dan pengungkapan yang tepat waktu dan akurat atas semua informasi            Applied     dan akuntansi korporasi dengan menunjuk auditor eksternal
     material mengenai korporasi.                                                                       yang berkualifikasi dan berpengalaman, serta menjamin
     The Board of Directors ensures the corporate’s accounting integrity and                            pengungkapan semua informasi material secara akurat dan
     financial reporting system and timely and accurately disclosure of all material                    tepat waktu melalui situs web Perseroan.
     information regarding the corporation.                                                             The Board of Directors ensures the integrity of corporate’s
                                                                                                        financial reporting and accounting system by appointing
                                                                                                        qualified and experienced external auditors, as well as
                                                                                                        guaranteeing accurate and timely disclosure of all material
                                                                                                        information through Company’s website.

e.   Direksi memastikan pelaporan keberlanjutan telah disusun sebagaimana                 Diterapkan    Direksi memastikan Laporan Keberlanjutan disusun sesuai
     mestinya.                                                                              Applied     ketentuan dengan menggunakan standar nasional dan
     The Board of Directors ensures sustainable reporting has been prepared                             internasional, seperti Peraturan Otoritas Jasa Keuangan No. 51/
     accordingly.                                                                                       POJK.03/2017 tentang Keuangan Berkelanjutan dan kerangka
                                                                                                        Global Reporting Initiative (GRI).
                                                                                                        The Board of Directors ensures Sustainability Report is
                                                                                                        prepared in line with regulations by using national and
                                                                                                        international standards, such the Financial Services Authority
                                                                                                        Regulation No. 51/POJK.03/2017 on Sustainable Finance and
                                                                                                        Global Reporting Initiative (GRI) framework.

f.   Direksi membangun kerangka kerja untuk governansi teknologi informasi                Diterapkan    Direksi memastikan bahwa kerangka kerja governansi teknologi
     korporasi yang selaras dengan kebutuhan dan prioritas bisnis korporasi,                Applied     informasi (TI) dibangun dan diimplementasikan secara selaras
     mendorong peluang dan kinerja bisnis, memperkuat manajemen risiko, serta                           dengan strategi dan prioritas bisnis Perseroan. Kerangka ini
     mendukung tujuan dan strategi korporasi.                                                           juga bertujuan untuk mendorong peluang bisnis, meningkatkan
     The Board of Directors develops framework for corporate information                                kinerja, memperkuat manajemen risiko, serta mendukung
     technology (IT) governance in line with corporate’s business needs and priorities,                 pencapaian tujuan jangka panjang Perseroan.
     drive business opportunities and performance, strengthen risk management,                          The Board of Directors ensures the information technology
     as well as supporting corporate’s objectives and strategies.                                       (IT) governance framework is developed and implemented
                                                                                                        in line with Company’s business strategy and priorities. This
                                                                                                        framework also aims to drive business opportunities, enhance
                                                                                                        performance, strengthen risk management, and supporting the
                                                                                                        achievement of the Company’s long-term goals.

g.   Bagi korporasi yang menjalankan kegiatan usaha berdasarkan prinsip Syariah,              Not
     Direksi perlu memastikan kewenangan dan ketersediaan perangkat pendukung              Applicable
     yang memadai agar Dewan Pengawas Syariah dapat menjalankan perannya                                Perseroan tidak menjalankan kegiatan usaha berbasis prinsip
     dengan efektif.                                                                                    syariah.
     For corporation carrying out business activities based on Sharia principles,                       The Company is not carrying out business activities based on
     the Board of Directors needs to ensure sufficient authorities and availability                     Sharia principles.
     of supporting apparatus to allow the Sharia Supervisory Board to carry out
     its roles effectively.

h.   Piagam Direksi secara periodik ditinjau. Piagam mencakup antara lain                 Diterapkan    Direksi menjalankan tugas dan tanggung jawabnya sesuai
     pembagian peran Direktur secara individual dapat diatur di Piagam Direksi              Applied     dengan Piagam Direksi yang disahkan pada 10 April 2019.
     atau dengan surat keputusan Direksi.                                                               Piagam tersebut ditinjau secara berkala agar tetap sesuai
     Board of Directors’ Charter is reviewed periodically. The Charter covers, among                    dengan perkembangan perusahaan dan peraturan yang berlaku.
     others, that the division of individual roles of the Director can be stipulated in                 The Board of Directors carry out its duties and responsibilities
     the Board of Directors’ Charter or with the Board of Directors Decree.                             in line with Board of Directors’ Charter, which was ratified in
                                                                                                        April 10, 2019. The Charter is reviewed periodically to ensure it
                                                                                                        remains up to date with the development of the company and
                                                                                                        applicable regulations.




                                                                                                                      PT Sawit Sumbermas Sarana Tbk           263
Page 264
                           Prinsip/Rekomendasi                                        Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                     Description                Implementation in the Company

i.    Direksi mempunyai kebijakan terkait pengunduran diri anggota Direksi apabila    Penjelasan    Perseroan belum memiliki kebijakan khusus mengenai
      terlibat dalam kejahatan keuangan dan terbukti melakukan kesalahan.             Explanation   pengunduran diri Direksi jika terdapat keterlibatan dalam
      Board of Directors has a policy related to the resignation of member of Board                 kejahatan keuangan. Meskipun begitu, Perseroan telah memiliki
      of Directors if involved in financial crime and proven guilty.                                kebijakan pengunduran diri Direksi yang tertuang dalam Piagam
                                                                                                    Direksi. Perseroan juga telah memiliki Kebijakan Etika Bisnis
                                                                                                    yang mengatur etikan insan Perseroan dalam bekerja, termasuk
                                                                                                    Direksi dan Dewan Komisaris. Selain itu, Perseroan juga telah
                                                                                                    memiliki kebijakan Anti Korupsi yang mengatur penanganan
                                                                                                    Perseroan jika ada insan Perseroan yang terlibat dalam korupsi,
                                                                                                    termasuk Dewan Komisaris dan Direksi.
                                                                                                    The Company does not yet have a specific policy regarding
                                                                                                    the resignation of Directors in the event of involvement in
                                                                                                    financial crimes. Nevertheless, the Company has established a
                                                                                                    Directors’ resignation policy as set out in the Board of Directors
                                                                                                    Charter. The Company has also adopted a Business Ethics
                                                                                                    Policy governing the conduct of all Company personnel in the
                                                                                                    workplace, including the Board of Directors and the Board of
                                                                                                    Commissioners. In addition, the Company has implemented an
                                                                                                    Anti-Corruption Policy that regulates the Company’s handling
                                                                                                    of any personnel involved in corruption, including members
                                                                                                    of the Board of Commissioners and the Board of Directors.

2.    Penilaian Kinerja - Direksi dan Anggotanya
      Performance Assessment - Board of Directors and its Members

a.    Direksi mempunyai kebijakan penilaian sendiri (self-assessment) untuk menilai   Diterapkan    Penilaian kinerja Direksi dilaksanakan secara mandiri (self-
      kinerja Direksi.                                                                  Applied     assessment), mengacu pada pencapaian KPI dan target yang
      Board of Directors has self-assessment policy to assess the performance of                    telah disepakati dalam rencana kerja tahunan. Uraian lengkap
      Board of Directors.                                                                           terkait penilaian kinerja Direksi telah diungkapkan dalam
                                                                                                    Laporan Tahunan ini. Selain itu, Dewan Komisaris senantiasa
b.    Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Direksi                   melaksanakan evaluasi formal tahunan secara obyektif dan
      diungkapkan melalui laporan tahunan perusahaan terbuka.                                       independen untuk menilai efektivitas Direksi dan setiap individu
      Self-assessment policy to assess the performance of Board of Directors is                     Direktur.
      disclosed in Annual Report of public company                                                  Performance assessment of Board of Directors is carried
c.    Dewan Komisaris melakukan evaluasi formal tahunan secara obyektif dan                         out through self-assessment, referring to achievement of
      independen untuk menentukan efektivitas Direksi dan setiap individu Direktur.                 KPIs and targets agreed in the annual work plan. A detailed
      The Board of Commissioners performs annual formal evaluation objectively                      description of performance assessment of Board of Directors
      and independently to assess the effectiveness of the Board of Directors and                   has been disclosed in this Annual Report. In addition, Board
      each individual Director.                                                                     of Commissioners always performs annual formal evaluation
                                                                                                    objectively and independently to assess the effectiveness of
                                                                                                    the Board of Directors and each individual Director.

d.    Dewan Komisaris dengan pertimbangan Komite Nominasi dan Remunerasi,
      bertanggung jawab menentukan kriteria evaluasi kinerja dan menilai kinerja                    Dewan Komisaris bertanggung jawab penuh dalam menentukan
      Direktur Utama dan anggota Direksi lainnya.                                                   kriteria evaluasi kinerja dan menilai kinerja Direksi.
      The Board of Commissioners, with consideration from Nomination and                            Board of Commissioners is fully responsible to determine the
      Remuneration Committee, is responsible to set out the performance evaluation                  criteria for performance evaluation and assess the Board pf
      criteria and assessing the performance of President Director and other                        Directors performances.
      members of Board of Directors.

3.    Peran dan Tanggung Jawab Dewan Komisaris
      Roles and Responsibilities of the Board of Commissioners




264    Laporan Tahunan 2025 Annual Report
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                                                                                                                          Tata Kelola Perusahaan
                                                                                                                       Good Corporate Governance




                           Prinsip/Rekomendasi                                        Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                     Description                Implementation in the Company

a.   Dewan Komisaris mereviu strategi korporasi paling tidak setiap tahun dan         Diterapkan    Dewan Komisaris dan Direksi secara rutin, paling tidak setiap
     menyetujui misi, visi dan strategi korporasi yang dirumuskan oleh Direksi.         Applied     tahun, meninjau dan menyetujui kesesuaian visi, misi, dan
     Dewan Komisaris juga mereviu, memberikan saran dan menyetujui rencana                          strategi perusahaan dengan memperhatikan kondisi terkini
     bisnis dan rencana keuangan jangka panjang dan rencana keuangan jangka                         serta tantangan bisnis di masa depan. Dewan Komisaris juga
     pendek korporasi. Dewan Komisaris memberikan advis dan melakukan                               memberikan advis, menelaah, dan menyetujui rencana bisnis,
     pemantauan kepada Direksi atas pengelolaan implementasinya. Direksi dan                        rencana keuangan jangka panjang, serta rencana keuangan
     Dewan Komisaris terlibat dalam keputusan yang sangat penting bagi korporasi,                   jangka pendek perusahaan. Selain itu, Dewan Komisaris
     diatur dalam anggaran dasar korporasi.                                                         memantau implementasi rencana tersebut oleh Direksi. Direksi
     The Board of Commissioners reviews the corporate strategies at least annually                  dan Dewan Komisaris terlibat dalam pengambilan keputusan
     and approves the corporate mission, vision, and strategies formulated by Board                 strategis yang sangat penting bagi perusahaan, sebagaimana
     of Directors. The Board of Commissioners also reviews, gives advices, and                      diatur dalam Anggaran Dasar Perseroan dan dijelaskan dalam
     approves corporate’s business plans and long-term financial plans and short-                   pembahasan rapat Dewan Komisaris dan Direksi di Laporan
     term financial plans. The Board of Commissioners gives advices and monitors                    Tahunan ini.
     Board of Directors for its implementation management. The Board of Directors                   The Board of Commissioners and Board of Directors
     and Board of Commissioners are involved in very important decisions for the                    periodically, at least annually, review and approve alignment
     corporation, stipulated in the corporate’s articles of associations.                           of company’s vision, mission, and strategy by considering
                                                                                                    current conditions and future business challenges. The Board
                                                                                                    of Commissioners also gives advice, reviews, and approves
                                                                                                    company’s business plan, long-term financial plan, and short-
                                                                                                    term financial plan. Also, the Board of Commissioners monitors
                                                                                                    the implementation of these plans by Board of Directors. The
                                                                                                    Board of Directors and Board of Commissioners are involved in
                                                                                                    making very important strategic decisions for the company, as
                                                                                                    stipulated in Company’s Articles of Association and explained in
                                                                                                    meetings of the Board of Commissioners and Board of Directors
                                                                                                    in this Annual Report.

b.   Jenis keputusan yang memerlukan persetujuan Dewan Komisaris harus                Diterapkan    Uraian terkait jenis keputusan yang perlu persetujuan Dewan
     diungkapkan dalam Laporan Tahunan.                                                 Applied     Komisaris telah diungkapkan dalam Laporan Tahunan ini.
     Types of decisions requiring Board of Commissioners’ approval must be                          Description of the types of decisions requiring Board of
     disclosed in the annual report.                                                                Commissioners’ approval are disclosed in this Annual Report.

c.   Dengan memperhatikan rekomendasi Komite Nominasi dan Remunerasi,                 Diterapkan
     Dewan Komisaris mengusulkan kepada, dan untuk diputuskan oleh, RUPS                Applied
                                                                                                    Pengangkatan dan pemberhentian anggota Direksi dan
     pengangkatan dan/atau pemberhentian anggota Direksi dan anggota Dewan
                                                                                                    Dewan Komisaris ditetapkan melalui RUPS berdasarkan
     Komisaris. Dalam mengusulkan hal di atas, Dewan Komisaris memperhatikan
                                                                                                    usulan Dewan Komisaris. Pengusulan calon kandidat anggota
     keberagaman, unsur non-diskriminatif, dan memberikan kesempatan yang
                                                                                                    Dewan Komisaris dan Direksi tetap memperhatikan prinsip
     sama tanpa membedakan suku, agama, ras, antar golongan dan jender. Dewan
                                                                                                    keberagaman, non-diskriminasi, dan kesempatan yang setara
     Komisaris memastikan proses pencalonan dan pemilihan anggota Direksi dan
                                                                                                    tanpa membedakan suku, agama, ras, golongan, atau gender.
     anggota Dewan Komisaris adalah formal dan transparan.
                                                                                                    Proses ini dilakukan secara formal dan transparan.
     By considering the recommendations of Nomination and Remuneration
                                                                                                    The appointment and dismissal of members of the Board of
     Committee, the Board of Commissioners proposes to, and to be decided by
                                                                                                    Directors and the Board of Commissioners are established
     the GMS, appointment and/or dismissal of members of the Board of Directors
                                                                                                    through the GMS based on recommendations from the Board of
     and members of the Board of Commissioners. ln proposing the aforementioned,
                                                                                                    Commissioners, while consider the principles of diversity, non-
     the Board of Commissioners will consider the diversity, non-discriminative
                                                                                                    discrimination, and equal opportunities regardless of ethnic,
     elements, and will give same opportunity regardless of ethnic, religion, race,
                                                                                                    religion, race, class, or gender. This process is conducted
     interclass, and gender. Board of Commissioners ensures the nomination and
                                                                                                    formally and transparently.
     election processes of members of the Board of Directors and members of the
     Board of Commissioners are formal and transparent.

d.   Dewan Komisaris atau Komite yang menjalankan fungsi nominasi menyusun            Diterapkan
     kebijakan suksesi dalam proses nominasi anggota Direksi. Setiap tahun Dewan        Applied
                                                                                                    Perseroan telah memiliki kebijakan suksesi yang telah
     Komisaris meninjau pelaporan pelaksanaan rencana pengembangan dan
                                                                                                    diungkapkan secara lengkap pada bagian Kebijakan Suksesi
     suksesi yang disampaikan Direktur Utama.
                                                                                                    Direksi dalam Laporan Tahunan ini.
     The Board of Commissioners or Committee running the nomination function
                                                                                                    The Company has succession policy fully disclosed in the
     will compose the succession policy in the nomination process of members
                                                                                                    Succession Policy of the Board of Directors in this Annual
     of the Board of Directors. Every year, the Board of Commissioners reviews
                                                                                                    Report.
     implementation reporting on development and succession plans to be delivered
     to President Director.




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Page 266
                           Prinsip/Rekomendasi                                        Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                     Description                Implementation in the Company

e.    Dewan Komisaris | Board of Commissioners:                                       Diterapkan    Fungsi Remunerasi Direksi dan Dewan Komisaris dijalankan
      • Mengajukan kepada RUPS, yang dapat didahului oleh usulan dari Komite            Applied     oleh Dewan Komisaris, setelah RUPS menetapkan besaran
         yang menjalankan fungsi remunerasi, besaran remunerasi anggota Direksi                     remunerasi. Hal ini sesuai dengan Anggaran Dasar dan
         dan anggota Dewan Komisaris yang selaras dengan pengembangan                               UUPT No. 40 Tahun 2007 tentang Perusahaan Terbuka.
         korporasi yang berkelanjutan dan kepentingan jangka panjang korporasi                      Penetapan remunerasi mempertimbangkan kondisi keuangan
         dan Pemegang Saham; serta                                                                  Perseroan, praktik industri sejenis, serta kesesuaian antara
      • Secara berkala mereviu sistem remunerasi Direksi dan Dewan Komisaris.                       tanggung jawab, pengalaman, dan hasil penilaian kinerja.
      • Proposes to the GMS, which can be preceded by the suggestion from the                       Dewan Komisaris secara berkala melakukan reviu atas
         Committee carrying out remuneration function, the remuneration amount                      sistem remunerasi agar selaras dengan kepentingan jangka
         for members of the Board of Directors and Board of Commissioners, in                       panjang dan keberlanjutan perusahaan. Uraian lengkap terkait
         line with the corporate’s sustainable development and long-term interests                  remunerasi diungkapkan dalam bagian Transparansi Informasi
         of the corporation and the shareholders; and                                               mengenai Dewan Komisaris dan Direksi di Laporan Tahunan ini.
      • Periodically reviews the remuneration system of Board of Directors and                      The remuneration function for the Board of Directors and
         Board of Commissioners.                                                                    the Board of Commissioners is carried out by the Board of
                                                                                                    Commissioners after the GMS determines the amount of
                                                                                                    remuneration. This is in accordance with the Articles of
                                                                                                    Association and Company Law No. 40 of 2007 concerning
                                                                                                    Limited Liability Companies. The remuneration determination
                                                                                                    considers the Company’s financial condition, similar industry
                                                                                                    practices, and alignment of responsibilities, experience, and
                                                                                                    performance evaluation results. Board of Commissioners
                                                                                                    periodically reviews the remuneration system to ensure it
                                                                                                    aligns with company’s long-term interests and sustainability.
                                                                                                    Detailed description of the remuneration is disclosed in the
                                                                                                    Information Transparency section on Board of Commissioners
                                                                                                    and Board of Directors in this Annual Report.

f.    Dewan Komisaris mengawasi efektivitas kebijakan governansi korporat dan         Diterapkan    Dewan Komisaris, dengan dukungan komite-komite di
      implementasinya serta mengusulkan perubahan jika diperlukan.                      Applied     bawahnya, secara aktif mengawasi efektivitas penerapan
      The Board of Commissioners supervises the effectiveness of corporate                          tata kelola dan mengusulkan perubahan kebijakan jika
      governance policy and implementation as well as proposes changes, if                          diperlukan. Dewan Komisaris juga memantau dan mengarahkan
      necessary.                                                                                    agar manajemen risiko dan sistem pengendalian internal
                                                                                                    berjalan selaras dengan tujuan dan strategi Perseroan serta
g.    Dewan Komisaris memantau dan mengarahkan agar korporasi menerapkan                            mematuhi peraturan yang berlaku. Selain itu, Dewan Komisaris
      manajemen risiko dan sistem pengendalian internal yang tepat dan efektif                      menjaga integritas akuntansi dan pelaporan keuangan, serta
      yang selaras dengan tujuan, sasaran, dan strategi korporasi serta mematuhi                    memastikan independensi Unit Audit Internal dan auditor
      peraturan perundang-undangan, kode perilaku, dan standar yang berlaku.                        eksternal untuk mendukung transparansi dan kredibilitas
      The Board of Commissioners monitors and directs the corporation to apply                      Laporan Keuangan.
      appropriate and effective risk management and internal control system in line                 The Board of Commissioners, supported by committees
      with corporate’s objectives, targets, and strategies as well as complies with                 it supervise, actively monitor effectiveness of governance
      applicable laws and regulations, code of conduct, and standards.                              implementation and proposes policy changes if necessary.
h.    Dewan Komisaris mengawasi dan mengarahkan agar tercapai integritas                            The Board of Commissioners also monitors and ensures risk
      akuntansi dan sistem pelaporan keuangan korporat, serta independensi fungsi                   management and internal control system are aligned with
      audit internal dan eksternal.                                                                 Company’s objectives and strategy, as well as comply with
      The Board of Commissioners supervises and directs to achieve corporate’s                      applicable regulations. Also, Board of Commissioners maintains
      accounting integrity and financial reporting system, as well as independence                  the integrity of accounting and financial reporting, as well as
      of internal and external audit function.                                                      ensuring the independence of Internal Audit Unit and external
                                                                                                    auditors to support the transparency and credibility of the
                                                                                                    Financial Statements.

i.    Dewan Komisaris memantau, mereviu, dan menyetujui Laporan Tahunan               Diterapkan    Dewan Komisaris memantau, mereviu, dan menyetujui
      dan Laporan Keberlanjutan Korporasi serta memastikan integritasnya, serta         Applied     penyusunan Laporan Tahunan dan Laporan Keberlanjutan,
      mengawasi proses pengungkapan dan pengkomunikasian korporasi.                                 serta memastikan integritas laporan tersebut. Dewan
      The Board of Commissioners monitors, reviews, and approves Corporate’s                        Komisaris juga mengawasi proses pengungkapan dan
      Annual Report and Sustainability Report as well as ensures its integrity and                  komunikasi informasi kepada pemangku kepentingan untuk
      supervises the corporate’s disclosure and communication process.                              menjaga transparansi dan akurasi, sesuai dengan ketentuan
                                                                                                    yang berlaku.
                                                                                                    The Board of Commissioners monitors, reviews, and approves
                                                                                                    the preparation of Annual Report and Sustainability Report, as
                                                                                                    well as ensures the integrity of these reports. The Board of
                                                                                                    Commissioners also monitors the process of disclosure and
                                                                                                    communication of information to stakeholders to maintain its
                                                                                                    transparency and accuracy, in line with applicable regulations.




266    Laporan Tahunan 2025 Annual Report
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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                         Good Corporate Governance




                           Prinsip/Rekomendasi                                          Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                       Description                Implementation in the Company

j.   Piagam Dewan Komisaris secara periodik ditinjau.                                   Diterapkan    Piagam Dewan Komisaris disahkan pada 10 April 2019 dan
     The Board of Commissioners’ Charter is reviewed periodically                         Applied     digunakan sebagai pedoman dalam menjalankan tugas
                                                                                                      dan tanggung jawabnya. Piagam ini ditinjau secara berkala
                                                                                                      untuk memastikan kesesuaiannya dengan perkembangan
                                                                                                      perusahaan dan peraturan yang berlaku.
                                                                                                      The Board of Commissioners’ Charter was ratified in April
                                                                                                      10, 2019 and used as a guideline in carrying out its duties
                                                                                                      and responsibilities. This Charter is periodically reviewed to
                                                                                                      ensure it is up to date with the development of the company
                                                                                                      and applicable regulations.

k.   Dewan Komisaris mempunyai kebijakan terkait pengunduran diri anggota               Penjelasan    Perseroan belum memiliki kebijakan khusus mengenai
     Dewan Komisaris apabila terlibat dalam kejahatan keuangan dan terbukti             Explanation   pengunduran diri Dewan Komisaris jika terlibat dalam kejahatan
     melakukan kesalahan.                                                                             keuangan. Meskipun begitu, Perseroan telah memiliki kebijakan
     Board of Commissioners has a policy related to the resignation of member                         pengunduran diri Dewan Komisaris yang tertuang dalam
     of Board of Commissioners if involved in financial crime and proven guilty.                      Piagam Dewan Komisaris. Perseroan juga telah memiliki
                                                                                                      Kebijakan Etika Bisnis yang mengatur etika insan Perseroan
                                                                                                      dalam bekerja, termasuk Direksi dan Dewan Komisaris. Selain
                                                                                                      itu, Perseroan juga telah memiliki kebijakan Anti Korupsi yang
                                                                                                      mengatur penanganan Perseroan jika ada insan Perseroan yang
                                                                                                      terlibat dalam korupsi, termasuk Dewan Komisaris dan Direksi.
                                                                                                      The Company does not yet have a specific policy regarding the
                                                                                                      resignation of Commissioners in the event of involvement in
                                                                                                      financial crimes. Nevertheless, the Company has established
                                                                                                      a Commissioners’ resignation policy as set out in the Board
                                                                                                      of Commissioners Charter. The Company has also adopted a
                                                                                                      Business Ethics Policy governing the conduct of all Company
                                                                                                      personnel in the workplace, including the Board of Directors
                                                                                                      and the Board of Commissioners. In addition, the Company
                                                                                                      has implemented an Anti-Corruption Policy that regulates the
                                                                                                      Company’s handling of any personnel involved in corruption,
                                                                                                      including members of the Board of Commissioners and the
                                                                                                      Board of Directors.

l.   Komisaris Independen sangat diharapkan untuk dapat berkontribusi dalam             Diterapkan    Komisaris Independen telah menunjukkan kontribusi aktif
     diskusi yang jujur, obyektif, aktif, dan konstruktif pada rapat Dewan Komisaris.     Applied     dan konstruktif dalam rapat internal serta rapat gabungan
     The Independent Commissioner is highly expected to contribute in fair,                           dengan Direksi, dengan tingkat kehadiran mencapai 100%.
     objective, active, and constructive discussions during the meeting of the                        Hasil penilaian kinerja juga mencerminkan kualitas diskusi
     Board of Commissioners.                                                                          yang obyektif dan berorientasi pada kemajuan Perseroan.
                                                                                                      The Independent Commissioners have shown active and
                                                                                                      constructive contributions both in internal meetings and joint
                                                                                                      meetings with the Board of Directors, with 100% attendance
                                                                                                      rate. The performance evaluation results also reflect the
                                                                                                      quality of discussions that are objective and focused on the
                                                                                                      Company’s progress.

m.   Komisaris Utama berperan sebagai koordinator Dewan Komisaris dan                   Diterapkan
     memastikan efektivitasnya. Komisaris Utama mendorong budaya keterbukaan              Applied
                                                                                                      Komisaris Utama berperan sebagai koordinator Dewan
     dan dialog konstruktif yang memungkinkan berbagai pandangan diungkapkan,
                                                                                                      Komisaris, memastikan efektivitas rapat dan mendorong
     termasuk mengoordinasi penetapan agenda rapat dewan yang tepat dan
                                                                                                      keterbukaan serta dialog konstruktif. Komisaris Utama juga
     memastikan waktu yang cukup tersedia untuk mendiskusikan semua agenda.
                                                                                                      mengatur agenda rapat dan memastikan adanya pertemuan
     Selain itu, juga harus ada kesempatan bagi Dewan Komisaris untuk bertemu
                                                                                                      berkala dengan Direksi dan Manajemen Senior.
     dengan jajaran Direksi dan Manajemen Senior.
                                                                                                      The President Commissioner plays a role as Board of
     The President Commissioner plays a role as Board of Commissioners’
                                                                                                      Commissioners’ coordinator, ensuring meeting effectiveness
     coordinator and ensures its effectiveness. The President Commissioner
                                                                                                      and promoting openness and constructive dialogue. The
     encourages the openness culture and constructive dialogue, allowing disclosure
                                                                                                      President Commissioner also arranges the meeting agenda
     of various perspectives, including coordinating the stipulation of appropriate
                                                                                                      and ensures regular meetings with Board of Directors and
     board’s meeting agenda, and ensuring sufficient time is available to discuss
                                                                                                      Senior Management.
     all agenda. There should also be an opportunity for Board of Commissioners
     to meet with Board of Directors and senior management.

4.   Pembentukan Komite
     Committee Establishment




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                           Prinsip/Rekomendasi                                        Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                     Description                Implementation in the Company

a.    Korporasi memiliki komite-komite di bawah Dewan Komisaris sekurang-             Diterapkan    Pelaksanaan tugas dan tanggung jawab Dewan Komisaris
      kurangnya terdiri dari: Komite Audit, Komite Nominasi dan Remunerasi, dan         Applied     didukung oleh Komite Audit serta Komite Nominasi dan
      Komite Pemantau Manajemen Risiko.                                                             Remunerasi.
      The Corporation has committees under the Board of Commissioners, at least                     The implementation of duties and responsibilities of the Board
      consisting of: the Audit Committee, Nomination and Remuneration Committee,                    of Commissioners is supported by the Audit Committee and
      and Risk Management Monitoring Committee.                                                     Nomination and Remuneration Committee.

b.    Dewan Komisaris memastikan bahwa anggota Komite Audit seluruhnya                Diterapkan
      independen dan komite lain yang dibentuk Dewan Komisaris adalah mayoritas         Applied     Komposisi anggota Komite Audit terdiri dari Komisaris
      dari pihak independen, serta semua anggota komite memiliki kompetensi,                        Independen dan Pihak Independen. Uraian lengkap terkait
      berkomitmen, serta memiliki wewenang yang memadai untuk menjalankan                           Komite Audit telah diungkapkan pada bagian Komite Audit
      perannya secara efektif dan independen.                                                       dalam Laporan Tahunan ini.
      The Board of Commissioners ensures that Audit Committee members are all                       The composition of members of the Audit Committee consists
      independent and other committees established by Board of Commissioners are                    of Independent Commissioners and Independent Parties. A
      majority from independent parties, and all committee members are competent,                   detailed description of the Audit Committee is disclosed in
      committed, as well as have the sufficient authority to carry out their roles                  the Audit Committee section in this Annual Report.
      effectively and independently.

c.    Untuk memastikan pemantauan atas pelaksanaan tugas Komite Audit berjalan        Diterapkan
      obyektif dan independen, Komisaris Utama tidak boleh menjadi ketua Komite         Applied
      Audit, kecuali dalam keadaan luar biasa yang harus dijelaskan dalam Laporan                   Pihak yang diangkat sebagai Ketua Komite Audit merupakan
      Tahunan.                                                                                      Komisaris Independen.
      To ensure monitoring over the implementation of the duties of the Audit                       Party appointed as Chairman of the Audit Committee is the
      Committee runs objectively and independently, the President Commissioner is                   Independent Commissioner.
      not allowed as Chairman of Audit Committee, unless in extraordinary condition
      which must be explained in the Annual Report.

5.    Penilaian Kinerja - Dewan Komisaris dan Anggotanya
      Performance Assessment – Board of Commissioners and its Members

a.    Dewan Komisaris mempunyai kebijakan penilaian sendiri (self-assessment)         Diterapkan
      untuk menilai kinerja Dewan Komisaris.                                            Applied
      Board of Commissioners has self-assessment policy to assess performance
      of Board of Commissioners.                                                                    Penilaian kinerja Dewan Komisaris dilaksanakan secara
                                                                                                    mandiri (self-assessment). Hasil penilaian ini diungkapkan
b.    Kebijakan penilaian sendiri (self-assessment) untuk menilai kinerja Dewan
                                                                                                    dalam Laporan Tahunan pada bagian Penilaian Kinerja Dewan
      Komisaris, diungkapkan melalui Laporan Tahunan perusahaan terbuka.
                                                                                                    Komisaris.
      Self-assessment policy to assess the performance of Board of Commissioners
                                                                                                    Performance assessment of Board of Commissioners is
      is disclosed in Annual Report of public company.
                                                                                                    done through self-assessment. Results of this assessment is
c.    Dewan Komisaris melakukan evaluasi formal tahunan secara obyektif untuk                       disclosed in the Annual Report on the Performance Assessment
      menentukan efektivitas Dewan, komitenya, dan setiap individu Komisaris.                       of Board of Commissioners section.
      The Board of Commissioners performs annual formal evaluation objectively
      and independently to assess the effectiveness of the Board, its committees
      and each individual Commissioner.

6.    Benturan Kepentingan
      Conflict of Interest

a.    Anggota Direksi yang mempunyai rangkap jabatan di luar korporasi, harus         Diterapkan    Perseroan mematuhi peraturan perundang-undangan terkait
      mendapatkan persetujuan dari Dewan Komisaris. Seorang Komisaris memberi           Applied     rangkap jabatan Dewan Direksi. Kebijakan rangkap jabatan
      tahu Dewan Komisaris dan ketua komite yang menjalankan fungsi nominasi,                       Dewan Komisaris dan Direksi diatur dalam Piagam Dewan
      sebelum menerima penunjukan baru sebagai Direktur atau Komisaris dari                         Komisaris dan Piagam Direksi, serta dalam Pedoman Tata
      korporasi terbuka, jabatan Direktur lainnya atau posisi lain dengan komitmen                  Kelola, di mana setiap anggota Direksi yang akan merangkap
      waktu yang signifikan.                                                                        jabatan di luar Perseroan wajib memperoleh persetujuan dari
      Member of the Board of Directors holding concurrent positions outside                         Dewan Komisaris dan melaporkan kepada Dewan Komisaris
      the corporation must obtain approval from Board of Commissioners. A                           sebelum menerima jabatan tersebut.
      Commissioner notifies the Board of Commissioners and chairman of the                          The Company complies with prevailing laws and regulations
      committee running nomination function, before accepting new appointment as                    regarding multiple positions held by members of the Board
      the Director or Commissioner of a public corporation, other Director position                 of Directors. The policy on multiple positions for the Board
      or other position with significant time commitment.                                           of Commissioners and the Board of Directors is stipulated in
                                                                                                    the Board of Commissioners Charter, the Board of Directors
                                                                                                    Charter, and the Corporate Governance Guidelines, whereby any
                                                                                                    member of the Board of Directors who intends to hold a position
                                                                                                    outside the Company must obtain approval from the Board
                                                                                                    of Commissioners and report to the Board of Commissioners
                                                                                                    prior to accepting such position.




268    Laporan Tahunan 2025 Annual Report
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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




                            Prinsip/Rekomendasi                                          Keterangan                    Penerapan di Perseroan
                        Principles/Recommendations                                       Description                Implementation in the Company

b.    Dewan Komisaris memantau dan mengelola potensi benturan kepentingan                Diterapkan    Dewan Komisaris memantau dan mengelola potensi benturan
      manajemen, anggota Direksi, Dewan Komisaris dan Pemegang Saham,                      Applied     kepentingan yang melibatkan manajemen, anggota Direksi,
      termasuk penyalahgunaan aset korporasi dan penyalahgunaan dalam                                  Dewan Komisaris, dan Pemegang Saham, termasuk
      transaksi pihak berelasi. Komisaris yang memiliki benturan kepentingan                           penyalahgunaan aset korporasi dan transaksi dengan pihak
      tidak turut serta dalam pemantauan dan pengambilan keputusan atas potensi                        berelasi. Dalam hal terjadi benturan kepentingan, anggota
      benturan kepentingan yang melibatkan Komisaris atau afiliasi Komisaris yang                      Dewan Komisaris yang terlibat dilarang mengambil keputusan
      bersangkutan.                                                                                    yang dapat merugikan Perseroan dan wajib mengungkapkan
      The Board of Commissioners monitors and manages the potential conflict                           benturan tersebut secara transparan. Komisaris yang
      of interest of management, members of the Board of Directors, the Board                          memiliki benturan kepentingan tidak akan turut serta dalam
      of Commissioners, and shareholders, including abuse of corporate assets                          pengambilan keputusan terkait transaksi yang melibatkan
      and abuse of affiliated party transactions. A Commissioner with conflict of                      dirinya atau afiliasinya.
      interest will not participate in monitoring and decision making on the potential                 The Board of Commissioners monitors and manages potential
      conflict of interest involving the said Commissioner or affiliated Commissioner.                 conflicts of interest involving management, members of the
                                                                                                       Board of Directors, Board of Commissioners, and Shareholders,
                                                                                                       including the abuse of corporate assets and transactions with
                                                                                                       related parties. If there is a conflict of interest, the involved
                                                                                                       member of Board of Commissioners is prohibited from
                                                                                                       making decisions that may harm the Company and is required
                                                                                                       to disclose the conflict transparently. Commissioners with
                                                                                                       conflict of interest will not participate in decision-making
                                                                                                       related to transactions involving themselves or their affiliates
7.    Peningkatan Kompetensi Anggota Direksi dan Dewan Komisaris
      Improvement of Competence of Members of the Board of Directors and Board of Commissioners

a.    Dewan Komisaris memastikan bahwa anggota Direksi dan Dewan Komisaris               Diterapkan    Dalam menentukan kandidat calon Direktur, Dewan Komisaris
      memahami peran dan tanggung jawab mereka, karakteristik dan operasi                  Applied     mempertimbangkan berbagai sumber, termasuk rekomendasi
      korporasi, peraturan perundang-undangan dan standar yang relevan serta                           internal dan eksternal. Perseroan membuka peluang untuk
      kewajiban lain yang berlaku. Direksi melalui sekretaris korporasi mendukung                      menggunakan sumber independen dalam proses seleksi, guna
      semua anggota Direksi dan Dewan Komisaris dalam memperbarui dan                                  memastikan bahwa kandidat yang terpilih memiliki kualifikasi
      menyegarkan keterampilan dan pengetahuan mereka yang diperlukan untuk                            dan kompetensi sesuai kebutuhan perusahaan. Selain itu,
      menjalankan peran mereka di Dewan.                                                               program pengenalan perusahaan dan pengembangan
      The Board of Commissioners ensures members of the Board of Directors                             kompetensi terus dilaksanakan untuk memastikan setiap
      and Board of Commissioners understand their roles and responsibilities,                          anggota Direksi dan Dewan Komisaris yang baru menjabat
      corporate characteristics and operations, relevant laws and regulations and                      memahami tanggung jawab dan budaya perusahaan.
      standards as well as other prevailing obligations. The Board of Directors via                    To determine candidates of Director, Board of Commissioners
      Corporate Secretary supports all members of the Board of Directors and Board                     considers various sources, including internal and external
      of Commissioners to upgrade and refresh their required skills and knowledges                     recommendations. The Company provides opportunities to
      to carry out their roles in the Board.                                                           use independent sources in the selection process to ensure the
                                                                                                       chosen candidates have the qualifications and competencies
                                                                                                       meeting company’s needs. Further, an induction program and
                                                                                                       competency development initiatives are constantly carried
                                                                                                       out to ensure every newly appointed member of the Board
                                                                                                       of Directors and Board of Commissioners understands the
                                                                                                       company’s responsibilities and culture.

II.   Komposisi dan Remunerasi Direksi dan Dewan Komisaris
      Composition and Remuneration of the Board of Directors and Board of Commissioners

1.    Komposisi Direksi dan Dewan Komisaris
      Composition of the Board of Directors and Board of Commissioners

a.    Dalam menentukan kandidat calon Direktur, Dewan Komisaris melalui Komite           Diterapkan    Pengangkatan dan pemberhentian anggota Direksi dan
      Nominasi dan Remunerasi, tidak hanya mengandalkan rekomendasi dari                   Applied     Dewan Komisaris diputuskan melalui RUPS, namun proses
      Dewan Komisaris, manajemen atau Pemegang Saham mayoritas. Dewan                                  menentukan kandidat dilakukan oleh Dewan Komisaris. Dewan
      Komisaris, melalui Komite Nominasi dan Remunerasi, dapat menggunakan                             Komisaris, Direksi dan Pemegang Saham Pengendali dapat
      sumber independen untuk menentukan kandidat yang memenuhi syarat.                                mengusulkan calon kandidat. Dewan Komisaris juga dapat
      ln determining the candidate for Director, the Board of Commissioners                            menggunakan sumber independen untuk menentukan kandidat
      via Nomination and Remuneration Committee will not only rely on the                              yang memenuhi syarat.
      recommendation from the Board of Commissioners, management or majority                           The appointment and dismissal of members of the Board
      shareholders. The Board of Commissioners via Nomination and Remuneration                         of Directors and the Board of Commissioners are decided
      Committee may use independent sources to determine a qualified candidate.                        through the General Meeting of Shareholders (GMS), while the
                                                                                                       process of determining candidates is conducted by the Board
                                                                                                       of Commissioners. The Board of Commissioners, the Board
                                                                                                       of Directors, and the Controlling Shareholder may propose
                                                                                                       potential candidates. The Board of Commissioners may also
                                                                                                       engage independent sources to identify qualified candidates.




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                             Prinsip/Rekomendasi                                            Keterangan                    Penerapan di Perseroan
                         Principles/Recommendations                                         Description                Implementation in the Company

b.    Dewan Komisaris memastikan bahwa kriteria dalam menyeleksi anggota                    Diterapkan    Dalam proses seleksi dan pengangkatan anggota Dewan
      Direksi mencakup paling tidak pengetahuan, kemampuan, dan keahlian yang                 Applied     Komisaris dan Direksi, Perseroan memastikan bahwa kriteria
      dibutuhkan untuk memenuhi secara tepat peran Direksi serta memperhatikan                            penilaian meliputi pengetahuan, kemampuan, dan keahlian yang
      terpenuhinya keberagaman Direksi.                                                                   relevan dengan peran yang akan diemban. Selain itu, proses
      The Board of Commissioners ensures the criteria in selecting members of                             tersebut memperhatikan keberagaman, non-diskriminasi, dan
      the Board of Directors include at least knowledge, capability, and expertise                        memberikan kesempatan yang setara, tanpa membedakan
      required to appropriately fulfill the roles of Board of Directors while considering                 suku, agama, ras, golongan, dan gender.
      the fulfillment of diversity of the Board of Directors.                                             In the selection and appointment process of members of
                                                                                                          Board of Commissioners and Board of Directors, the Company
                                                                                                          ensures the assessment criteria include knowledge, abilities,
                                                                                                          and expertise relevant to the role to be held. Also, the process
                                                                                                          considers the diversity, non-discrimination, and provides equal
                                                                                                          opportunities, without distinguishing between ethnic, religion,
                                                                                                          race, class, and gender.

c.    Anggota Direksi yang membawahi bidang akuntansi atau keuangan memiliki                Diterapkan    Perseroan memiliki anggota Direksi yang bertugas dalam
      keahlian dan/atau pengetahuan di bidang akuntansi.                                      Applied     bidang keuangan, akuntansi, dan perpajakan serta memiliki
      Member of Board of Directors who is liable for accounting or finance has                            latar pendidikan dan pengalaman di bidang tersebut.
      accounting expertise and/ or knowledge.                                                             The Company has member of the Board of Directors working
                                                                                                          in the finance, accounting, and taxation, as well as having the
                                                                                                          education and experience in those field.

d.    Kebijakan korporasi tentang keberagaman pada Direksi dan Dewan Komisaris              Diterapkan    Kebijakan keberagaman komposisi Dewan Komisaris dan
      diungkapkan dalam Laporan Tahunan.                                                      Applied     Direksi telah disampaikan pada bagian Keberagaman
      Corporate policy regarding diversity in the Board of Directors and Board of                         Komposisi Dewan Komisaris dan Direksi dalam pembahasan
      Commissioner is disclosed in the Annual Report.                                                     Transparansi informasi mengenai Dewan Komisaris dan Direksi
                                                                                                          di Laporan Tahunan ini.
                                                                                                          The diversity policy of composition of Board of Commissioners
                                                                                                          and Board of Directors has been presented in the Diversity in
                                                                                                          Composition of Board of Commissioners and Board of Directors
                                                                                                          section in the discussion of information transparency regarding
                                                                                                          Board of Commissioners and Board of Directors in this Annual
                                                                                                          Report.

e.    Dewan Komisaris memastikan bahwa kebijakan dan prosedur untuk seleksi dan             Diterapkan    Dewan Komisaris memastikan bahwa kebijakan dan prosedur
      nominasi Komisaris adalah jelas dan transparan sehingga dapat menghasilkan              Applied     seleksi serta nominasi anggota Dewan Komisaris dan Direksi
      komposisi Dewan yang diinginkan. Dewan Komisaris menggunakan sumber                                 disusun secara jelas dan transparan untuk menghasilkan
      independen untuk menentukan kandidat yang memenuhi syarat.                                          komposisi yang sesuai dengan kebutuhan Perseroan. Jika
      The Board of Commissioners ensures the policy and procedure for selection                           diperlukan, Dewan Komisaris dapat menggunakan sumber
      and nomination of the Commissioners are clear and transparent, thereby,                             independen dalam menentukan kandidat yang memenuhi
      can result in desired Board composition. The Board of Commissioners uses                            syarat. Uraian lengkap terkait Kebijakan dan prosedur untuk
      independent sources to determine the qualified candidates.                                          seleksi dan nominasi pada bagian Kebijakan Suksesi Direksi dan
                                                                                                          Kebijakan dan Prosedur Nominasi dalam Laporan Tahunan ini.
                                                                                                          The Board of Commissioners ensures policies and procedures
                                                                                                          for the selection and nomination of members of the Board of
                                                                                                          Commissioners and Board of Directors are prepared clearly and
                                                                                                          transparently to produce a composition in line with Company
                                                                                                          needs. If necessary, the Board of Commissioners may use
                                                                                                          independent sources to determine qualified candidates. A
                                                                                                          complete description of Policies and procedures for selection
                                                                                                          and nomination is available in the Board of Directors Succession
                                                                                                          Policy and Nomination Policy and Procedures section of this
                                                                                                          Annual Report.

f.    Dewan Komisaris/Komite yang menjalankan fungsi nominasi menetapkan                    Diterapkan    Saat ini, Perseroan telah memiliki Komite Nominasi dan
      prosedur dan kriteria nominasi yang konsisten dengan matriks keahlian Dewan             Applied     Remunerasi. Meskipun begitu fungsi nominasi masih dijalankan
      Komisaris yang telah disetujui Dewan Komisaris dan memastikan bahwa profil                          oleh Dewan Komisaris. Perseroan telah memiliki prosedur
      kandidat memenuhi persyaratan yang ditetapkan dalam matriks keahlian dan                            dan kriteria dalam proses nominasi Dewan Komisaris dan
      kriteria nominasi.                                                                                  Direksi. Prosedur dan kriteria nominasi telah diungkapkan
      The Board of Commissioners/Committee running the nomination function set                            dalam laporan ini.
      out nomination procedure and criteria consistent with the expertise matrix of                       Currently, the Company has established a Nomination and
      Board of Commissioners which has been approved by Board of Commissioners                            Remuneration Committee. Nevertheless, the nomination
      and ensures the candidate profile meet the requirements set out in expertise                        function is still carried out by the Board of Commissioners.
      matrix and nomination criteria.                                                                     The Company has established procedures and criteria for the
                                                                                                          nomination process of the Board of Commissioners and the
                                                                                                          Board of Directors. These nomination procedures and criteria
                                                                                                          have been disclosed in this report.




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                                                                                                                              Tata Kelola Perusahaan
                                                                                                                           Good Corporate Governance




                           Prinsip/Rekomendasi                                           Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                        Description                Implementation in the Company

g.   Komposisi Dewan Komisaris harus dibentuk sedemikian rupa sehingga                   Diterapkan    Perseroan memastikan komposisi Dewan Komisaris dan
     anggota-anggotanya secara kelompok mencerminkan keberagaman dalam                     Applied     Direksi beragam dalam hal keahlian, pengalaman, dan latar
     hal kemampuan, keahlian, pengetahuan, pengalaman, usia, latar belakang                            belakang untuk mendukung kinerja yang efektif. Uraian lengkap
     budaya, dan gender yang dibutuhkan untuk memenuhi secara tepat peran                              mengenai keberagaman ini telah disampaikan dalam bagian
     Dewan Komisaris.                                                                                  Keberagaman Komposisi Dewan Komisaris dan Direksi di
     The composition of Board of Commissioner must be formed in such a manner,                         Laporan Tahunan.
     to allow its members collegially reflect diversity of capability, expertise,                      The Company ensures composition of Board of Commissioners
     knowledge, age, cultural background, and gender required to appropriately                         and Board of Directors is diverse in expertise, experience, and
     meet the roles of the Board of Commissioners.                                                     background to support effective performance. A complete
                                                                                                       description of this diversity has been presented in the Diversity
                                                                                                       in Composition of Board of Commissioners and Board of
                                                                                                       Directors section in the Annual Report.

h.   Untuk memampukan Dewan Komisaris dalam memberikan advis dan supervisi               Diterapkan    Perseroan memiliki 1 Komisaris Independen yang mewakili
     secara independen kepada Direksi dan untuk peran-peran yang terdapat                  Applied     33,33% dari total anggota Dewan Komisaris. Komisaris
     potensi benturan kepentingan, Dewan Komisaris terdiri dari Komisaris                              Independen bertugas memberikan supervisi dan advis secara
     Independen yang cukup jumlahnya, dengan masa jabatan yang dibatasi dan                            mandiri kepada Direksi, terutama dalam situasi yang berpotensi
     terdapat pengungkapan jangka waktu keanggotaan Dewan Komisaris serta                              menimbulkan benturan kepentingan. Masa jabatan Komisaris
     independensi mereka dari sudut pandang korporasi.                                                 Independen diatur sesuai ketentuan, dan independensinya
     To enable the Board of Commissioners to give advice and independently                             diungkapkan secara berkala dalam Laporan Tahunan, termasuk
     supervising the Board of Directors and for roles containing potential conflict of                 jangka waktu keanggotaan serta keterbukaan mengenai
     interest, the Board of Commissioners consists of Independent Commissioners                        potensi afiliasi dengan Pemegang Saham Utama.
     in sufficient number, with limited term of office, and a disclosure on                            The Company has 1 Independent Commissioner representing
     membership term of Board of Commissioners and their independence from                             33.33% of total members of Board of Commissioners. The
     the corporate perspective.                                                                        Independent Commissioner is tasked to provide independent
                                                                                                       supervision and advice to Board of Directors, especially in
                                                                                                       situations with potential to cause a conflict of interest. The
                                                                                                       term of office of Independent Commissioner is regulated in
                                                                                                       line with the provisions, and its independence is disclosed
                                                                                                       periodically in the Annual Report, including the membership
                                                                                                       term and transparency on potential affiliation with Major
                                                                                                       Shareholder.

i.   Untuk memfasilitasi fungsi Direksi dan Dewan Komisaris yang efektif dan guna        Diterapkan    Komite Nominasi dan Remunerasi memastikan bahwa proses
     meningkatkan kepercayaan investor dan pemangku kepentingan, Komite                    Applied     penunjukan dan pengangkatan anggota Dewan Komisaris
     Nominasi dan Remunerasi memastikan bahwa terdapat proses yang formal,                             dan Direksi dilakukan secara formal, ketat, dan transparan,
     ketat, dan transparan untuk penunjukan dan pengangkatan anggota Direksi                           guna meningkatkan kepercayaan investor dan pemangku
     dan Dewan Komisaris.                                                                              kepentingan terhadap tata kelola perusahaan.
     To facilitate the functions of Board of Directors and Board of Commissioners                      The Nomination and Remuneration Committee ensures the
     effectively and to improve trust of the investors and stakeholders, Nomination                    process of designating and appointing members of the Board
     and Remuneration Committee ensures there is a formal, strict, and transparent                     of Commissioners and Board of Directors is conducted formally,
     process for the designation and appointment of members of the Board of                            strictly and transparently, to increase investor and stakeholder
     Directors and Board of Commissioners.                                                             confidence in corporate governance.




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                             Prinsip/Rekomendasi                                         Keterangan                    Penerapan di Perseroan
                         Principles/Recommendations                                      Description                Implementation in the Company

2.     Remunerasi Direksi dan Dewan Komisaris
       Remuneration of the Board of Directors and Board of Commissioners

a.     Kebijakan remunerasi anggota Direksi terdiri atas struktur remunerasi yang        Diterapkan
       berorientasi pada pengembangan korporasi yang berkelanjutan dan mendorong           Applied
       pencapaian tujuan jangka panjang. Remunerasi Direksi harus diusulkan, dapat
       dengan melalui Komite Nominasi dan Remunerasi, oleh Dewan Komisaris
       untuk diputuskan oleh RUPS. Jumlah remunerasi yang diusulkan kepada RUPS
       tersebut ditetapkan dengan mempertimbangkan peran setiap anggota Direksi
       dan situasi ekonomi serta kinerja korporasi.
       Remuneration policy for members of the Board of Directors consists of                           Kebijakan remunerasi Direksi dan Dewan Komisaris memuat
       remuneration structure oriented to sustainable corporation development                          struktur remunerasi dan prosedur remunerasi yang berorientasi
       and drive the achievement of long-term objectives. The Board of Directors’                      pada pengembangan korporasi yang berkelanjutan dan
       remuneration must be proposed, either via Nomination and Remuneration                           mendorong pencapaian tujuan jangka panjang. Dalam prosedur
       Committee, or Board of Commissioners to be decided at the GMS. The                              remunerasi, Dewan Komisaris mengusulkan remunerasi Direksi
       remuneration amount proposed to the GMS will be determined by considering                       dan Dewan Komisaris kepada RUPS untuk diputuskan. Dalam
       the roles of every Board of Directors member and the economic situation and                     memutuskan besaran remunerasi, RUPS memperhatikan
       corporate’s performance.                                                                        faktor-faktor seperti kondisi keuangan Perseroan, standar
                                                                                                       remunerasi industri sejenis, serta tugas, tanggung jawab,
b.     Kebijakan remunerasi anggota Dewan Komisaris terdiri atas struktur                              pengalaman, dan hasil penilaian kinerja. Uraian lengkap
       remunerasi yang berorientasi pada pengembangan korporasi yang                                   mengenai Kebijakan Remunerasi telah diungkapkan dalam
       berkelanjutan dan mendorong pencapaian tujuan jangka panjang. Jumlah                            bagian Transparansi Informasi Mengenai Dewan Komisaris
       remunerasi yang diusulkan Dewan Komisaris kepada RUPS tersebut ditetapkan                       dan Direksi di Laporan Tahunan ini.
       dengan mempertimbangkan peran setiap anggota Dewan Komisaris dan situasi                        The remuneration policy for the Board of Directors and
       ekonomi serta kinerja korporasi. Di samping itu juga harus dipertimbangkan                      the Board of Commissioners outlines the remuneration
       posisinya sebagai Komisaris Utama dan ketua serta keanggotaannya dalam                          structure and procedures that are oriented toward sustainable
       komite-komite.                                                                                  corporate development and the achievement of long-term
       Remuneration policy for members of the Board of Commissioners consists of                       objectives. Under the remuneration procedure, the Board
       remuneration structure oriented to sustainable corporation development and                      of Commissioners proposes the remuneration of the
       drive the achievement of long-term objectives. Remuneration amount proposed                     Board of Directors and the Board of Commissioners to the
       by Board of Commissioners to the GMS will be determined by considering the                      General Meeting of Shareholders (GMS) for determination.
       roles of every Board of Commissioners member and the economic situation                         In deciding the amount of remuneration, the GMS takes into
       and corporate’s performance. Other consideration is the position as a President                 account factors such as the Company’s financial condition,
       Commissioner and chairman and membership in the committees.                                     remuneration standards in comparable industries, as well
                                                                                                       as duties, responsibilities, experience, and performance
c.     Untuk memastikan bahwa paket remunerasi ditentukan berdasarkan prestasi,                        evaluation results. A complete description of the Remuneration
       kualifikasi, dan kompetensi Direktur dan Komisaris dengan memperhatikan                         Policy is disclosed in the section on Information Transparency
       kinerja operasi korporasi, kinerja individu dan kondisi pasar, Komite Nominasi                  Regarding the Board of Commissioners and the Board of
       dan Remunerasi memastikan bahwa terdapat prosedur yang adil dan transparan                      Directors in this Annual Report.
       untuk menetapkan kebijakan remunerasi anggota Direksi dan Dewan Komisaris.
       To ensure the remuneration package is set based on achievement, qualification,
       and competence of the Board of Directors and Board of Commissioners by
       considering performance of corporate operations, individual performance, and
       market condition, Nomination and Remuneration Committee ensures there
       is fair and transparent procedure to set out remuneration policy for members
       of Board of Directors and Board of Commissioners.

III.   Hubungan Kerja antara Direksi dan Dewan Komisaris
       Work Relationship between the Board of Directors and the Board of Commissioners

1.     Sifat Hubungan Kerja
       Nature of the Work Relationship

a.     Terdapat diskusi yang terbuka antara Direksi dengan Dewan Komisaris serta         Diterapkan    Dewan Komisaris dan Direksi secara rutin mengadakan rapat
       di antara para anggota Direksi dan para anggota Dewan Komisaris. Namun,             Applied     gabungan yang memungkinkan diskusi terbuka dan transparan
       tetap penting menjaga kerahasiaan informasi agar tidak terjadi kebocoran                        terkait strategi dan operasional perusahaan. Rapat ini
       informasi rahasia.                                                                              memastikan terjalinnya komunikasi yang efektif antara kedua
       There is an open discussion between the Board of Directors and Board of                         belah pihak. Risalah rapat disusun oleh Sekretaris Perusahaan,
       Commissioners, also among members of the Board of Directors and members                         dengan tetap memperhatikan prinsip kerahasiaan informasi
       of Board of Commissioners. However, it is important to maintain confidentiality                 untuk menghindari kebocoran data yang dapat merugikan
       of information to prevent the leaking of confidential information.                              Perseroan.
                                                                                                       The Board of Commissioners and Board of Directors regularly
                                                                                                       hold joint meetings to allow open and transparent discussions
                                                                                                       regarding company’s strategies and operations. These
                                                                                                       meetings ensure effective communication between the two
                                                                                                       parties. The minutes of meeting are prepared by the Corporate
                                                                                                       Secretary, while observing the principle of confidentiality of
                                                                                                       information to avoid data leakage that could harm the Company.




272     Laporan Tahunan 2025 Annual Report
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                                                                                                                        Tata Kelola Perusahaan
                                                                                                                     Good Corporate Governance




                          Prinsip/Rekomendasi                                        Keterangan                   Penerapan di Perseroan
                      Principles/Recommendations                                     Description               Implementation in the Company

b.   Sesuai dengan tugas dan perannya masing-masing, Direksi bekerja sama            Diterapkan    Direksi, bersama Dewan Komisaris dan Manajemen,
     dengan Dewan Komisaris dalam merumuskan misi, visi, dan strategi korporasi        Applied     merumuskan dan mengevaluasi strategi serta kebijakan jangka
     dan secara reguler membahas pengimplementasiannya.                                            pendek dan panjang setiap tahun, memastikan keselarasan
     Following the respective duties and roles, Board of Directors collaborates                    dengan visi dan misi perusahaan. Evaluasi dilakukan secara
     with Board of Commissioners in formulating mission, vision, and corporate                     reguler untuk memastikan implementasi berjalan efektif di
     strategies and regularly discuss its implementations.                                         seluruh tingkatan organisasi.
                                                                                                   The Board of Directors together with Board of Commissioners
                                                                                                   and Management, formulates and evaluates short-term
                                                                                                   and long-term strategies and policies annually, ensuring
                                                                                                   alignment with company’s vision and mission. Evaluations
                                                                                                   are done regularly to ensure effective implementation at all
                                                                                                   organizational levels.

c.   Sekretaris Korporasi memiliki peran penting dalam mendukung efektivitas         Diterapkan    Perseroan menunjuk Deni Agustinus Damayanto melalui
     hubungan kerja antara Direksi dengan Dewan Komisaris, mendorong                   Applied     Surat Keputusan Direksi No. 001/SSMS-JKT/I/2024 tanggal
     implementasi praktik governansi korporat yang baik, termasuk komunikasi                       2 Januari 2024 sebagai Sekretaris Perusahaan. Dalam
     yang efektif dengan Pemegang Saham dan pemangku kepentingan lainnya.                          perannya, Sekretaris Perusahaan berperan penting dalam
     Corporate Secretary plays an important role in supporting effectiveness of                    mendukung hubungan kerja yang efektif antara Direksi dan
     work relationship of the Board of Directors and Board of Commissioners, in                    Dewan Komisaris, memastikan implementasi praktik tata
     driving the implementation of good corporate governance, including effective                  kelola perusahaan yang baik, serta memfasilitasi komunikasi
     communication with the Shareholders and other stakeholders.                                   yang transparan dengan Pemegang Saham dan pemangku
                                                                                                   kepentingan lainnya.
                                                                                                   The Company appointed Deni Agustinus Damayanto through
                                                                                                   Board of Directors Decree No. 001/SSMSJKT/I/2024 dated
                                                                                                   January 2, 2024 as Corporate Secretary. The Corporate
                                                                                                   Secretary plays an important role in supporting effective
                                                                                                   working relationship of Board of Directors and Board of
                                                                                                   Commissioners, ensuring the implementation of good
                                                                                                   corporate governance practices, and facilitating transparent
                                                                                                   communication with the Shareholders and other stakeholders.

2.   Akses informasi Dewan Komisaris
     Access to information of the Board of Commissioners

a.   Direksi bertanggung jawab untuk memastikan Dewan Komisaris mendapatkan          Diterapkan    Dewan Komisaris berinteraksi dengan Direksi secara langsung
     akses informasi yang akurat, relevan, dan tepat waktu. Dewan Komisaris            Applied     atau melalui rapat gabungan. Direksi bertanggung jawab
     sendiri memastikan bahwa ia memperoleh informasi yang memadai. Direksi                        memastikan Dewan Komisaris memperoleh informasi yang
     menyediakan informasi kepada Dewan Komisaris secara teratur, tanpa                            akurat, relevan, dan tepat waktu mengenai seluruh aspek
     penundaan, dan secara komprehensif tentang semua masalah yang relevan                         operasional dan strategis perusahaan. Sekretaris Perusahaan
     dengan korporasi. Dewan Komisaris sewaktu-waktu dapat meminta Direksi                         mendukung Direksi dalam penyediaan informasi, termasuk
     untuk memberikan informasi tambahan.                                                          risalah rapat dan dokumen terkait. Dewan Komisaris berhak
     The Board of Directors is responsible to ensure Board of Commissioners                        sewaktu-waktu meminta informasi tambahan kepada Direksi
     receives access to accurate, relevant and timely information. The Board of                    guna memastikan pengawasan yang efektif.
     Commissioners itself ensures it receives sufficient information. The Board of                 The Board of Commissioners interacts with Board of Directors
     Directors regularly provides information to Board of Commissioners, without                   directly or via joint meetings. The Board of Directors is
     delays, and comprehensively on all issues relevant to the corporation. At any                 responsible to ensure Board of Commissioners receives
     time, the Board of Commissioners can request Board of Directors to provide                    accurate, relevant and timely information on all operational
     additional information.                                                                       and strategic aspects of the company. The Corporate Secretary
                                                                                                   supports the Board of Directors in providing information,
                                                                                                   including meeting minutes and related documents. The
                                                                                                   Board of Commissioners has the right to request additional
                                                                                                   information from Board of Directors at any time to ensure
                                                                                                   effective supervision.

3.   Tanggung jawab Direksi dan Dewan Komisaris atas Dampak Struktur
     Responsibilities of the Board of Directors and the Board of Commissioners on Impact of Ownership Structure

a.   Dampak struktur kepemilikan terhadap korporasi. Direksi dan Dewan Komisaris     Diterapkan    Dewan Komisaris dan Direksi wajib melaporkan kepemilikan
     mempertimbangkan tanggung jawabnya dalam konteks struktur kepemilikan             Applied     dan perubahan saham di Perseroan. Mereka juga memastikan
     saham dan hubungan antar-Pemegang Saham korporasi yang mungkin                                struktur kepemilikan dan hubungan antar pemegang saham
     berdampak terhadap pengelolaan dan operasi korporasi.                                         tidak memengaruhi independensi dan pelaksanaan tugas
     Impact of ownership structure to the corporation. The Board of Directors                      mereka dalam mengelola perusahaan.
     and Board of Commissioners consider their responsibilities in the context of
     share ownership structure and relationship among corporation Shareholders
     which might impacting the management and operations of the corporation.                       The Board of Commissioners and Board of Directors are
                                                                                                   required to report ownership and changes in shares in the
                                                                                                   Company. They also ensure the ownership structure and
                                                                                                   relationships between shareholders not affecting their
                                                                                                   independence and execution of their duties in managing the
                                                                                                   company.




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                            Prinsip/Rekomendasi                                          Keterangan                    Penerapan di Perseroan
                        Principles/Recommendations                                       Description                Implementation in the Company

IV.   Perilaku Etis dan Bertanggung jawab
      Ethical and Responsible Behaviors

1.    Pedoman Etika dan Perilaku

a.    Pernyataan ini dituangkan dalam Pedoman Perilaku dan Etika Usaha yang              Diterapkan
      harus secara jelas mengungkapkan harapan korporasi bahwa setiap anggota              Applied
      Direksi dan Dewan Komisaris serta karyawan akan:
      • Bertindak untuk kepentingan terbaik korporasi;
      • Bertindak dengan jujur dan dengan integritas berstandar tinggi;
      • Bersikap independen dan bertindak berdasarkan informasi yang lengkap,
           dengan itikad baik, dengan uji tuntas dan kehati-hatian;
      • Mematuhi peraturan perundang-undangan yang berlaku bagi korporasi
           dan operasinya;
      • Menghindari tindakan yang melanggar peraturan perundang-undangan
           atau tindakan yang tidak etis berdasarkan pedoman etika korporasi;
      • Tidak terlibat atau berpartisipasi dalam kegiatan apa pun yang akan
           menimbulkan benturan kepentingan dengan kepentingan terbaik korporasi
           atau yang akan berdampak negatif terhadap reputasi korporasi;
      • Tidak mengambil manfaat atas properti atau informasi yang dimiliki
           korporasi, kepemilikan aset lainnya atau pelanggannya untuk kepentingan
           pribadi atau yang menyebabkan kerugian bagi korporasi dan pelanggannya.
      • Tidak memanfaatkan jabatannya atau peluang yang dihasilkan oleh
           jabatannya untuk kepentingan pribadi;                                                       Kode Etik Perseroan mengatur prinsip-prinsip dasar yang wajib
      • Menghindari perbuatan meminta atau menerima dari pihak ketiga                                  dipatuhi oleh seluruh karyawan, Direksi, dan Dewan Komisaris.
           pembayaran, gratifikasi atau keuntungan lain untuk dirinya sendiri atau                     Prinsip ini mencakup kejujuran, integritas, kepatuhan terhadap
           untuk orang lain yang menimbulkan benturan kepentingan/memberikan                           hukum dan peraturan, serta larangan untuk terlibat dalam
           keuntungan kepada pihak ketiga secara melanggar peraturan perundang-                        benturan kepentingan dan penyalahgunaan jabatan. Perseroan
           undangan;                                                                                   menegaskan bahwa setiap individu harus bertindak untuk
      • Menghormati perbedaan pendapat dan hak-hak setiap anggota Direksi,                             kepentingan terbaik perusahaan, menjaga transparansi, dan
           Dewan Komisaris, dan karyawan; serta                                                        menghindari tindakan yang dapat merugikan atau mencoreng
      • Memastikan pengungkapan yang lengkap, adil, akurat, tepat waktu, dan                           reputasi Perseroan. Informasi terkait Kode Etik diungkapkan
           dapat dipahami dalam laporan dan dokumen yang disampaikan korporasi                         secara lengkap dalam Laporan Tahunan ini.
           kepada regulator dan dalam komunikasi publik lainnya.                                       The Company’s Code of Conduct regulated the basic principles
      This statement is set out in the Business and Ethical Conduct Guidelines which                   that must be adhered to by all employees, Board of Directors,
      must clearly disclose the corporate expectations that every member of the                        and Board of Commissioners. These principles include honesty,
      Board of Directors and Board of Commissioners as well as the employees will:                     integrity, compliance with the laws and regulations, and a
      • Act for the best interest of the corporation;                                                  prohibition to be involved in conflict of interest and abuse of
      • Act truthfully and with high level of integrity;                                               position. The Company affirms every individual must act in
      • Act independently and act based on complete information, in good faith,                        the best interests of the company, maintain transparency,
           with due diligence and with caution;                                                        and avoid actions that may harm or tarnish the Company’s
      • Comply with the applicable laws and regulations for the corporation and                        reputation. Information on Code of Conduct is fully disclosed
           its operations;                                                                             in this Annual Report.
      • Avoid actions violating the laws and regulations or unethical actions based
           on the ethical guidelines of the corporation;
      • Not involved or participate in any activity whatsoever which will cause
           conflict of interest for the best interest of the corporation or which will
           have negative impact on corporate’s reputation;
      • Not exploit the property or information owned by the corporation, other
           asset ownership or its customers for personal interest or which may inflict
           losses to the corporation and its customers.
      • Not using the position or the opportunity generated by the position for
           personal interest;
      • Avoid the act of requesting or receiving from third party, payment,
           gratification or other benefits for personal or for other party which may
           cause conflict of interest/benefit third party by violating the laws and
           regulations;
      • Respect difference of opinion and rights of every member of the Board
           of Directors, Board of Commissioners, and employees; and
      • Ensure disclosure in a complete, fair, accurate, timely, and understandable
           manner in reports and documents submitted by the corporation to the
           regulator and in other public communication.




274    Laporan Tahunan 2025 Annual Report
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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                         Good Corporate Governance




                           Prinsip/Rekomendasi                                         Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                      Description                Implementation in the Company

b.   Direksi menetapkan kebijakan dan praktik anti pencucian uang dan pendanaan        Diterapkan
     terorisme, anti suap, antikorupsi, anti kecurangan (anti-fraud), keterlibatan       Applied
     dalam politik dengan mengacu pada standar nasional atau internasional                           Perseroan memiliki kebijakan khusus terkait anti-korupsi dan
     mengenai anti pencucian uang, anti suap, antikorupsi, anti kecurangan, atau                     anti-fraud sebagaimana tercantum dalam Kebijakan anti-
     standar terkait lainnya.                                                                        Korupsi dan Kebijakan Etika Bisnis.
     The Board of Directors establishes policies and practices of anti-money                         The Company has specific policies related to anti-corruption
     laundering and terrorism financing, anti-bribery, anti-corruption, anti-fraud,                  and anti-fraud as stated in the Anti-Corruption Policy and
     involvement in politics by referring to national or international standards                     Business Ethics Policy
     on anti-money laundering, anti-bribery, anticorruption, anti-fraud or other
     related standards.

2.   Nilai-Nilai dan Budaya Organisasi
     Organizational Values and Culture

a.   Korporasi mengartikulasikan, menumbuhkan, dan mengungkapkan budaya                Diterapkan    Perseroan menanamkan budaya integritas dan tanggung
     serta nilai-nilai korporasi.                                                        Applied     jawab melalui penerapan Kode Etik yang berlaku bagi
     The Corporation articulates, grows and disclose corporate culture and values.                   seluruh karyawan, Direksi, dan Dewan Komisaris. Kode
                                                                                                     Etik ini dikomunikasikan secara efektif dan menjadi bagian
                                                                                                     dari strategi perusahaan untuk menumbuhkan nilai-nilai
                                                                                                     korporasi. Kepatuhan terhadap Kode Etik dibuktikan melalui
                                                                                                     penandatanganan Pakta Integritas, yang menjadi dasar dalam
                                                                                                     menciptakan lingkungan kerja yang etis dan profesional.
                                                                                                     The Company instills a culture of integrity and responsibility
                                                                                                     through the implementation of the Code of Conduct that
                                                                                                     applies to all employees, Board of Directors, and Board of
                                                                                                     Commissioners. This Code of Conduct is communicated
                                                                                                     effectively and is part of company’s strategy to foster corporate
                                                                                                     values. Compliance with the Code of Conduct is shown by the
                                                                                                     signing of Integrity Pact, which is the basis for creating an
                                                                                                     ethical and professional work environment.

3.   Penegakan dan Komunikasi Pedoman Etika, Nilai-Nilai, dan Budaya
     Enforcement and Communication of Ethical Guidelines, Values, and Culture

a.   Pedoman perilaku dan kode etik korporasi dikomunikasikan secara efektif           Diterapkan    Kode Etik dikomunikasikan secara efektif kepada seluruh
     kepada Direksi, Dewan Komisaris, serta seluruh karyawan, diintegrasikan ke          Applied     karyawan, Direksi, dan Dewan Komisaris sejak awal bergabung,
     dalam strategi dan operasi korporasi termasuk sistem manajemen risiko dan                       serta menjadi bagian dari strategi dan operasi perusahaan.
     struktur remunerasi, serta ditegakkan.                                                          Kode Etik diintegrasikan dalam sistem manajemen risiko dan
     Corporate behavior and code of conduct guidelines must be effectively                           struktur remunerasi. Perseroan memastikan penegakan Kode
     communicated to the Board of Directors, Board of Commissioners, as well as                      Etik secara konsisten dan dapat diakses kapan saja melalui
     all employees, must be integrated into the corporate strategies and operations,                 jaringan komunikasi internal.
     including the risk management system and remuneration structure, as well                        The Code of Conduct is effectively communicated to all
     as enforced.                                                                                    employees, the Board of Directors, and Board of Commissioners
                                                                                                     since first joining, and becomes part of company’s strategy
                                                                                                     and operations. The Code of Conduct is integrated into the
                                                                                                     risk management system and remuneration structure. The
                                                                                                     Company ensures the Code of Ethics is enforced consistently
                                                                                                     and can be accessed any time through internal communication
                                                                                                     network.

V.   Manajemen Risiko, Pengendalian Internal, dan Kepatuhan
     Risk Management, Internal Control, and Compliance

1.   Pengendalian Internal dan Kepatuhan
     Internal Control and Compliance

a.   Direksi melakukan reviu secara berkala atas ketepatan desain dan efektivitas      Diterapkan    Direksi secara rutin melakukan reviu atas ketepatan desain
     operasional sistem governansi, pengelolaan risiko, pengendalian internal dan        Applied     dan efektivitas operasional penerapan GCG, manajemen risiko,
     kepatuhan korporasi dan melaporkan pelaksanaan dan hasil reviu kepada para                      pengendalian internal, dan kepatuhan terhadap peraturan
     Pemegang Saham melalui Laporan Tahunan Korporasi.                                               perundang-undangan. Hasil reviu tersebut disampaikan kepada
     The Board of Directors carries out periodic review on design accuracy and                       Pemegang Saham melalui Laporan Tahunan.
     operational effectiveness of the governance system, risk management, internal                   The Board of Directors periodically reviews the design accuracy
     control, and corporate compliance and report the implementation and review                      and operational effectiveness of GCG implementation, risk
     results to shareholders through the Corporate Annual Report.                                    management, internal control, and compliance with the laws
                                                                                                     and regulations. The review results are submitted to the
                                                                                                     Shareholders through the Annual Report.




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                             Prinsip/Rekomendasi                                           Keterangan                    Penerapan di Perseroan
                         Principles/Recommendations                                        Description                Implementation in the Company

2.    Manajemen Risiko
      Risk Management

a.    Strategi dan risiko merupakan satu kesatuan, diungkapkan secara transparan,          Diterapkan    Direksi dan Departemen Manajemen Risiko secara rutin
      masuk ke dalam pelaksanaan tugas dan tanggung jawab Direksi dan Dewan                  Applied     mengevaluasi penerapan sistem manajemen risiko dengan
      Komisaris, serta dalam diskusi di rapat Dewan Komisaris dan Direksi.                               pengawasan Dewan Komisaris. Evaluasi ini dibahas dalam rapat
      Strategies and risks are one integral part, disclosed transparently, included                      gabungan Direksi dan Dewan Komisaris untuk memastikan
      in the implementation of duties and responsibilities of the Board of Directors                     bahwa manajemen risiko menjadi bagian integral dari strategi
      and Board of Commissioners, and in the discussions in the meetings of the                          perusahaan dan diterapkan secara efektif sesuai dengan 4
      Board of Commissioners and Board of Directors.                                                     pilar governansi korporat.
                                                                                                         The Board of Directors and Risk Management Department
b.    Komite Pemantau Manajemen Risiko membantu pelaksanaan tugas Dewan                                  routinely evaluating the implementation of risk management
      Komisaris dengan menciptakan mekanisme yang transparan, fokus, dan                                 system under the supervision of the Board of Commissioners.
      independen dalam pengawasan manajemen risiko korporasi.                                            This evaluation is discussed in the joint meeting of the Board
      The Risk Management Monitoring Committee assists the implementation of                             of Directors and Board of Commissioners to ensure risk
      duties of the Board of Commissioners by creating transparent, focused, and                         management is an integral part of the company’s strategy
      independent mechanism in the supervision of corporate risk management.                             and is implemented effectively in line with the 4 pillars of
                                                                                                         corporate governance.

3.    Integrasi Governansi, Manajemen Risiko, dan Kepatuhan
      Governance Integration, Risk Management, and Compliance

a.    Direksi membangun sistem governansi, manajemen risiko, dan kepatuhan                 Diterapkan    Perseroan merancang dan mengimplementasikan sistem
      (“GRC”) yang terintegrasi, dengan menangani berbagai ketidakpastian secara             Applied     manajemen risiko yang terintegrasi di seluruh lini bisnis.
      terpadu dan dengan integritas yang tinggi, untuk meyakinkan bahwa korporasi                        Sistem ini bertujuan untuk menangani ketidakpastian secara
      dapat mencapai tujuannya.                                                                          menyeluruh dan meminimalkan dampak potensial terhadap
      The Board of Directors builds an integrated governance, risk management                            perusahaan, dengan memastikan integritas dalam setiap
      and compliance {GRC) system, by handling various uncertainties in integrated                       proses untuk mendukung pencapaian tujuan perusahaan.
      manner and with high integrity, to ensure the corporation is able to achieve                       The Company designs and implements the integrated risk
      its objectives.                                                                                    management system on all business lines. This system aims
                                                                                                         to handle uncertainty comprehensively and minimize potential
                                                                                                         impacts on the company, by ensuring integrity in every process
                                                                                                         to support achievement of company’s goals.

b.    Direksi memastikan bahwa bagian yang membawahi fungsi kepatuhan tidak                Diterapkan    Unit Audit Internal Perseroan tidak merangkap dalam
      merangkap melaksanakan fungsi yang berpotensi menimbulkan benturan                     Applied     melaksanakan fungsi yang berpotensi menimbulkan benturan
      kepentingan.                                                                                       kepentingan.
      The Board of Directors ensures the unit liable for the compliance function does                    The Company’s Internal Audit Unit does not concurrently
      not concurrently running function that potentially causing conflict of interest.                   running function that potentially causing conflict of interest.

4.    Audit Internal
      Internal Audit

a.    Dewan Komisaris, melalui Komite Audit, memantau dan memastikan bahwa                 Diterapkan    Dewan Komisaris, melalui Komite Audit, memantau dan
      fungsi audit internal membantu korporasi untuk mencapai tujuannya dengan               Applied     memastikan bahwa fungsi audit internal mendukung
      membawa pendekatan yang objektif dan disiplin untuk mengevaluasi dan                               pencapaian tujuan perusahaan dengan pendekatan yang
      meningkatkan efektivitas manajemen risiko, pengendalian internal, dan                              objektif dan disiplin dalam mengevaluasi dan meningkatkan
      governansi korporat.                                                                               efektivitas manajemen risiko, pengendalian internal, dan tata
      The Board of Commissioners via Audit Committee will monitors and ensures                           kelola perusahaan. Informasi lebih lengkap mengenai hal ini
      the internal audit function is assisting the corporation to achieve its objectives                 diungkapkan pada Unit Audit Internal dalam Laporan Tahunan.
      by taking objective approach and discipline to evaluate and improve the                            The Board of Commissioners, via Audit Committee, monitors
      effectiveness of risk management internal control, and corporate governance.                       and ensures the internal audit is supporting the achievement
                                                                                                         of company’s objectives with objective and disciplined
                                                                                                         approach in evaluating and improving the effectiveness of
                                                                                                         risk management, internal control, and corporate governance.
                                                                                                         More complete information on this is disclosed in the Internal
                                                                                                         Audit Unit in the Annual Report.




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                                                                                                                               Tata Kelola Perusahaan
                                                                                                                            Good Corporate Governance




                            Prinsip/Rekomendasi                                           Keterangan                    Penerapan di Perseroan
                        Principles/Recommendations                                        Description                Implementation in the Company

VI.   Pengungkapan dan Transparansi
      Disclosure and Transparency

1.    Kebijakan Pengungkapan
      Disclosure Policy

a.    Korporasi memiliki kebijakan dan prosedur pengungkapan dan transparansi             Diterapkan    Perseroan memiliki Kebijakan Tata Kelola dan Kebijakan
      yang memastikan pengungkapan informasi material dan menjaga informasi                 Applied     Komunikasi dengan Pemegang Saham yang mengatur
      sensitif serta rahasia korporasi.                                                                 keterbukaan informasi dan menjaga kerahasiaan data sensitif.
      The corporation has policy and procedure of disclosure and transparency,                          Perseroan berkomitmen menyampaikan informasi material
      ensuring disclosure of material information and safeguarding corporate’s                          kepada seluruh Pemegang Saham secara tepat waktu, akurat,
      sensitive and confidential information.                                                           dan teratur, kecuali yang bersifat rahasia. Perseroan juga
                                                                                                        menjamin kesetaraan akses informasi tanpa keberpihakan
b.    Hak Pemegang Saham untuk memperoleh secara teratur dan tepat waktu                                pada Pemegang Saham tertentu.
      informasi material yang relevan tentang korporasi harus dipenuhi.                                 The Company has Governance Policy and Communication Policy
      Shareholders’ right to regularly and timely receive relevant material information                 with Shareholders that regulates information disclosure and
      on the corporation must be fulfilled.                                                             maintains confidentiality of sensitive data. The Company is
                                                                                                        committed to deliver material information to all Shareholders in
                                                                                                        a timely, accurate, and regular manner, except for confidential
                                                                                                        information. The Company also guarantees equal access to
                                                                                                        information without leaning towards certain Shareholders.

2.    Laporan Keuangan dan Keberlanjutan
      Financial Statements and Sustainability Report
a.    Korporasi mengungkapkan sistem dan prosedur untuk memastikan bahwa                  Diterapkan    Perseroan memiliki sistem pengendalian internal untuk
      Laporan Keuangan interim yang tidak diaudit atau direviu oleh auditor eksternal       Applied     memastikan Laporan Keuangan Interim yang tidak diaudit tetap
      secara material adalah akurat, lengkap, dan memberikan investor informasi                         akurat dan lengkap. Komite Audit mereviu laporan sebelum
      yang tepat untuk membuat keputusan investasi yang tepat.                                          dipublikasikan guna menjamin transparansi dan memberikan
      The corporation discloses system and procedure to ensure the interim Financial                    informasi yang relevan bagi investor.
      Statements, unaudited or not reviewed by external auditor, is materially                          The Company has an internal control system to ensure the
      accurate, complete, and provide current information to the investor to make                       unaudited Interim Financial Statements remains accurate and
      correct investment decision.                                                                      complete. The Audit Committee reviews the statements prior
                                                                                                        to publication to ensure transparency and provide relevant
                                                                                                        information to investors.

b.    Komite Audit memastikan kualitas audit Laporan Keuangan yang dilaksanakan           Diterapkan    Komite Audit memastikan kualitas audit Laporan Keuangan oleh
      oleh auditor eksternal. Kegiatan ini termasuk merekomendasikan penunjukan,            Applied     auditor eksternal, termasuk merekomendasikan penunjukan,
      penunjukan kembali dan, jika perlu, pemberhentian dan remunerasi auditor                          penunjukan kembali, pemberhentian, dan remunerasi jika
      eksternal.                                                                                        diperlukan.
      The Audit Committee ensures the audit quality of Financial Statements done                        The Audit Committee ensures the audit quality of Financial
      by external auditor. This activity includes recommending the appointment,                         Statements by external auditor, including recommending the
      reappointment, and, if necessary, dismissal and remuneration of external                          appointment, reappointment, dismissal and remuneration if
      auditor.                                                                                          necessary.

c.    Laporan Keberlanjutan harus disiapkan dan diungkapkan dengan akurat dan             Diterapkan    Laporan Keberlanjutan disusun oleh Direksi dan Manajemen
      disusun sesuai kerangka pelaporan keberlanjutan nasional atau internasional.          Applied     sesuai ketentuan, menggunakan standar nasional dan
      The sustainability report must be prepared and disclosed accurately and                           internasional, yaitu Peraturan Otoritas Jasa Keuangan No. 51/
      composed in line with the national or international sustainability reporting                      POJK.03/2017 tentang Keuangan Berkelanjutan dan kerangka
      framework.                                                                                        Global Reporting Initiative (GRI).
                                                                                                        The Sustainability Report is composed by Board of Directors
                                                                                                        and Management in line with the provisions, using national and
                                                                                                        international standards, namely Financial Services Authority
                                                                                                        Regulation No. 51/POJK.03/2017 on Sustainable Finance and
                                                                                                        Global Reporting Initiative (GRI) framework.

d.    Korporasi menerbitkan Laporan Tahunan secara terintegrasi yang                      Diterapkan
      menempatkan kinerja historis ke dalam konteks dan menggambarkan risiko,               Applied
                                                                                                        Laporan Tahunan Perseroan menyajikan informasi tentang
      peluang, dan prospek korporasi di masa depan, sehingga membantu Pemegang
                                                                                                        kinerja historis dalam konteks yang relevan, serta menguraikan
      Saham dan pemangku kepentingan memahami tujuan strategis korporasi dan
                                                                                                        risiko, peluang, dan prospek perusahaan di masa mendatang.
      kemajuannya dalam menciptakan nilai yang berkelanjutan.
                                                                                                        The Company’s Annual Report presents information regarding
      The corporation issues an integrated Annual Report which put historical
                                                                                                        historical performance in a relevant context, and outlines future
      performance into the context and illustrate the risk, probability, and future
                                                                                                        company’s risks, opportunities and prospects.
      corporate prospect, thus assisting Shareholders and the stakeholders to
      understand corporate strategies and progress in creating sustainable values.

e.    Laporan Tahunan perusahaan terbuka mengungkapkan pemilik manfaat                    Diterapkan    Informasi terkait pemilik manfaat terakhir telah diungkapkan
      akhir dalam kepemilikan saham perusahaan terbuka paling sedikit 5% (lima              Applied     bagian Informasi Pemegang Saham Utama dan/atau Pengendali
      persen), selain pengungkapan pemilik manfaat akhir dalam kepemilikan saham                        bab Profil Perusahaan dalam Laporan Tahunan ini.
      perusahaan terbuka melalui Pemegang Saham Utama dan Pengendali.                                   Information related to ultimate beneficial owner has been
      Annual Report of Public Company discloses beneficial owner in share ownership                     disclosed in the Information of Major and/ or Controlling
      of Public Company of at least 5%, other than disclosure of beneficial owner in                    Shareholders section of the Company Profile chapter in this
      share ownership of Public Company through Major and Controlling shareholders.                     Annual Report.


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                              Prinsip/Rekomendasi                                             Keterangan                   Penerapan di Perseroan
                          Principles/Recommendations                                          Description               Implementation in the Company

3.     Diseminasi Informasi
       Dissemination of Information

a.     Saluran penyebaran informasi harus menyediakan akses yang setara, tepat                Diterapkan    Perseroan secara konsisten menggunakan aset digital sebagai
       waktu, dan relatif murah untuk informasi yang relevan bagi pengguna.                     Applied     media untuk menyampaikan informasi kepada para pemangku
       Information dissemination channel must provide equal, timely, and relatively                         kepentingan. Berbagai kanal komunikasi yang tersedia, seperti
       cheap access for information which is relevant for the user.                                         situs web, dan public expose.
                                                                                                            The Company consistently uses digital assets as media
                                                                                                            to disseminate information to stakeholders. Various
                                                                                                            communication channels are available, such as websites and
                                                                                                            public exposes.

b.     Korporasi memastikan bahwa pernyataan tahunan terhadap penerapan                       Penjelasan    Pernyataan mengenai penerapan PUGKI baru akan disampaikan
       Pedoman Umum Governansi Korporat Indonesia, termasuk penjelasan atas                    Applied      oleh Perseroan dalam Laporan Tahunan 2025. Ke depan,
       penerapan atas masing-masing Rekomendasi dan Panduan tersedia di situs                               Perseroan berkomitmen untuk konsisten dan meningkatkan
       web selama jangka waktu minimal 5 tahun.                                                             kualitas penerapan setiap rekomendasi yang diberikan oleh
       The corporation ensures the annual statement on the implementation of                                PUGKI serta akan mempublikasikannya di situs web.
       General Guidelines for Indonesian Corporate Governance, and explanation                              A statement regarding the implementation of new PUGKI
       regarding the implementation of each Recommendation and Guideline is                                 will be submitted by the Company in the 2025 Annual Report.
       available in the website for at least 5 years.                                                       Going forward, the Company is committed to be consistent and
                                                                                                            improving the implementation quality of each recommendation
                                                                                                            given by PUGKI and will publish it on the website.

c.     Untuk korporasi yang terdaftar di pasar modal di yurisdiksi selain yurisdiksi          Diterapkan
       asal, peraturan perundang-undangan atas governansi korporat yang berlaku                 Applied
       harus di diungkapkan dengan jelas. Dalam hal cross listing, kriteria dan prosedur                    Hingga akhir tahun buku 2025, Perseroan hanya mencatatkan
       cross listing, kriteria dan prosedur untuk mengakui persyaratan listing untuk                        dan memperdagangkan sahamnya di Bursa Efek Indonesia,
       listing utama harus transparan dan didokumentasikan.                                                 tempat domisili Perseroan.
       For corporation listed at the capital market within the jurisdiction, other than its                 Until end of 2025 fiscal year, the Company only listed and
       origin jurisdiction, the laws and regulations on prevailing corporate governance                     traded its shares on Indonesia Stock Exchange, the Company’s
       must be disclosed clearly. ln case of cross listing, the cross listing criteria and                  domicile.
       procedure, criteria and procedure to acknowledge listing requirements for
       main listing must be transparent and documented.

VII.   Perlindungan terhadap Hak-Hak Pemegang Saham
       Protection towards the Rights of the Shareholders

1.     Hak Pemegang Saham
       Shareholder Rights

a.     Korporasi memiliki suatu kebijakan komunikasi yang memfasilitasi dan                   Diterapkan
       mendorong partisipasi Pemegang Saham atau investor.                                      Applied
       The corporation has a communication policy to facilitate and encourage the
       participation of Shareholders or investor.

b.     Korporasi yang merupakan entitas induk memastikan bahwa kebijakan
       governansi korporatnya berlaku bagi Entitas Anak dan entitas sepengendali
       yang di dalamnya investasi korporasi adalah signifikan.
                                                                                                            Perseroan memiliki kebijakan komunikasi dengan Pemegang
       The corporation as parent company ensures its corporate governance policy
                                                                                                            Saham, sebagaimana diatur dalam Anggaran Dasar dan
       is applicable to Subsidiaries and entities of the same control in which the
                                                                                                            dilaksanakan melalui Sekretaris Perusahaan.
       investment of the corporation is significant.
                                                                                                            The Company has a communication policy with Shareholders,
c.     Korporasi memiliki aturan dan prosedur yang mengatur akuisisi,                                       as stipulated in the Articles of Association and implemented
       pengambilalihan, dan transaksi luar biasa, seperti merger dan penjualan                              by Corporate Secretary.
       aset korporasi yang substansial untuk memastikan transaksi terjadi secara
       transparan dan dalam kondisi yang wajar dan melindungi hak-hak semua
       Pemegang Saham sesuai dengan kelasnya.
       The corporation has rules and procedures regulating the acquisition, take
       over and extraordinary transaction, such as merger and sale of substantial
       corporation assets to ensure the transaction is done transparently and fairly
       and protects the rights of all Shareholders in line with their classes.




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                                                                                                                            Tata Kelola Perusahaan
                                                                                                                         Good Corporate Governance




                           Prinsip/Rekomendasi                                          Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                       Description                Implementation in the Company

2.   Perlakuan Adil Terhadap Pemegang Saham
     Fair Treatment toward the Shareholders

a.   Korporasi memiliki aturan dan prosedur yang memastikan:                            Diterapkan    Perseroan telah memiliki kebijakan perlakuan setara terhadap
     • Semua Pemegang Saham dari seri yang sama dalam satu kelas saham                    Applied     Pemegang Saham tanpa memandang jumlah kepemilikan
         harus diperlakukan setara; serta                                                             saham dan latar belakangnya. Seluruh pemegang saham
     • Pengungkapan aturan dan prosedur tersebut serta pengungkapan struktur                          Perseroan memiliki hak suara yang proporsional dan
         modal dan pengaturan yang memungkinkan Pemegang Saham tertentu                               kesempatan yang sama untuk memberikan suara dalam RUPS.
         memeroleh pengaruh atau kendali yang tidak proporsional dengan                               Mekanisme pengambilan suara pada RUPS telah diatur dalam
         kepemilikan sahamnya.                                                                        tata cara rapat RUPS. Perseroan juga telah mengungkapkan
     Corporation has rules and procedures to ensure:                                                  struktur modal dan pemegang saham pengendali, baik dalam
     • All Shareholders from the same series in the same class of share must                          Laporan Tahunan maupun Laporan Keuangan.
         be treated equally; and                                                                      The Company has established a policy of equitable treatment
     • The disclosure of the rules and procedure as well as the disclosure of the                     for Shareholders regardless of the number of shares owned
         capital structure and the arrangement enabling certain Shareholder to                        or their background. All of the Company’s Shareholders have
         gain influence or control which is not proportional to its share ownership.                  proportional voting rights and equal opportunities to cast
                                                                                                      their votes at the General Meeting of Shareholders (GMS). The
                                                                                                      voting procedures at the GMS are regulated in the GMS meeting
                                                                                                      rules. The Company has also disclosed its capital structure
                                                                                                      and controlling shareholder in both the Annual Report and the
                                                                                                      Financial Statements.


b.   Korporasi memiliki aturan dan prosedur yang memastikan transaksi pihak             Diterapkan
                                                                                                      Perseroan memastikan bahwa transaksi pihak berelasi yang
     berelasi disetujui dan dilaksanakan sedemikian rupa yang dapat meyakinkan            Applied
                                                                                                      dilaksanakan tidak memiliki benturan kepentingan serta
     bahwa benturan kepentingan telah dikelola dengan tepat, dan melindungi
                                                                                                      kepentingan Perseroan dan Pemegang Saham telah terlindungi.
     kepentingan korporasi dan Pemegang Saham.
                                                                                                      The Company ensures related party transactions carried out
     The corporation has rules and procedure to ensure the affiliated party
                                                                                                      have no conflict of interest and the interests of the Company
     transactions are approved and carried out in such a way to assure that
                                                                                                      and Shareholders are protected.
     conflict of interest has been properly managed, and protect the interest of
     the corporation and shareholders.
c.   Korporasi memiliki dan mengungkapkan kebijakan untuk mencegah terjadinya           Diterapkan
     insider trading. Korporasi memiliki aturan yang jelas mengenai perdagangan           Applied
                                                                                                      Perseroan telah memiliki kebijakan terkait insider trading,
     apa pun dalam saham korporasi yang dilakukan oleh Direktur, Komisaris, dan
                                                                                                      sebagaimana tercantum dalam Pedoman Tata Kelola
     orang dalam untuk memastikan bahwa siapapun tidak boleh mendapatkan
                                                                                                      Perusahaan. Informasi ini juga diungkapkan pada bagian
     keuntungan secara langsung atau tidak langsung dari informasi yang tidak/
                                                                                                      Transaksi Orang Dalam di Laporan Tahunan.
     belum tersedia di pasar.
                                                                                                      The Company has a policy related to insider trading as stated
     The corporation has and discloses policy to prevent occurrence of insider
                                                                                                      in the Corporate Governance Guidelines. This information is
     trading, The corporation has clear rules on any trading in the corporation
                                                                                                      also disclosed in the Insider Transaction section in the Annual
     shares carried out by the Director, Commissioner, and insider to ensure no
                                                                                                      Report.
     one obtain direct or indirect benefit from the information which is not/not
     yet available in the market.

3.   Rapat Umum Pemegang Saham
     General Meeting of Shareholders

a.   Korporasi melakukan panggilan RUPS dengan agenda dan materi RUPS                   Diterapkan
     selengkap dan sedini mungkin (paling lambat 28 hari sebelum RUPS) untuk              Applied     Perseroan melaksanakan pemanggilan RUPS paling lambat 21
     memberikan waktu dan materi yang cukup bagi Pemegang Saham untuk                                 hari sebelum RUPS. Pemanggilan tersebut telah dipublikasikan
     mempelajari dengan baik agenda rapat. Undangan rapat dan seluruh informasi                       pada dipublikasikan pada situs web Perseroan, Bursa Efek
     RUPS diungkapkan melalui sarana elektronik seperti melalui situs web                             Indonesia, dan Kustodian Sentral Efek Indonesia.
     korporasi.                                                                                       The Company issues the GMS invitation no later than 21 days
     The corporation gives the GMS invitation along with GMS agenda and materials                     prior to the GMS. The invitation has been published on the
     as complete and as early as possible (at the latest 28 days prior to the GMS) to                 websites of the Company, Indonesia Stock Exchange, and
     give enough time and materials for the Shareholders to properly review the                       Indonesian Central Securities Depository.
     meeting agenda. The meeting invitees and all GMS information are disclosed
     via electronic means, such as the corporate website.

b.   Korporasi memiliki dan mengungkapkan aturan dan prosedur yang                      Diterapkan    Mekanisme pengambilan keputusan/pemungutan suara RUPS
     memfasilitasi Pemegang Saham dalam berpartisipasi dan memberikan suara               Applied     baik secara terbuka maupun tertutup dimuat dalam Anggaran
     secara efektif di RUPS.                                                                          Dasar Perseroan.
     The corporation has and discloses rules and procedures facilitating                              The decision making/voting mechanism of the GMS, both open
     Shareholders to participate and casting votes effectively in the GMS.                            or closed, is stated in the Company’s Articles of Association.




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                              Prinsip/Rekomendasi                                         Keterangan                    Penerapan di Perseroan
                          Principles/Recommendations                                      Description                Implementation in the Company

c.      Pemegang Saham berpartisipasi efektif dalam menetapkan penunjukan                 Diterapkan    Pemegang Saham berpartisipasi efektif dalam menetapkan
        anggota Direksi dan Dewan Komisaris.                                                Applied     penunjukan anggota Direksi dan Dewan Komisaris Perseroan.
        Shareholders effectively participate in determining the appointment of                          Sebagaimana diungkapkan dalam Kebijakan dan Prosedur
        members of the Board of Directors and Board of Commissioners.                                   Nominasi dalam Laporan Tahunan ini.

                                                                                                        Shareholders effectively participate in determining the
                                                                                                        appointment of members of the Board of Directors and Board of
                                                                                                        Commissioners of the Company. As disclosed in the Nomination
                                                                                                        Policy and Procedure in this Annual Report.

d.      Seluruh anggota Direksi dan anggota Dewan Komisaris hadir dalam RUPS              Penjelasan    RUPS Tahunan Perseroan pada 21 April 2025 dihadiri oleh
        Tahunan.                                                                          Explanation   seluruh anggota Direksi yang aktif.
        All members of the Board of Directors and members of the Board of                               The Company’s Annual GMS on April 21, 2025 was attended by
        Commissioners are present at the Annual GMS.                                                    active members of the Board of Directors.

e.      Korporasi memastikan transparansi dan akuntabilitas auditor eksternal di          Diterapkan    Dasar penunjukan Kantor Akuntan Publik dan Akuntan Publik
        RUPS.                                                                               Applied     yang akan mengaudit Laporan Keuangan Perseroan tahun
        The corporation ensures the transparency and accountability of external                         2025 telah disampaikan melalui keputusan RUPS Tahunan.
        auditor at the GMS.                                                                             The basis of appointment of Public Accounting Firm and
                                                                                                        Public Accountant who will audit the Company’s 2025 Financial
                                                                                                        Statements has been disclosed through Annual GMS resolution.

f.      Penyampaian hasil pemungutan suara dan ringkasan risalah RUPS secara              Diterapkan    Perseroan telah mengungkapkan hasil pemungutan suara
        lengkap diumumkan ke publik pada hari kerja berikutnya.                             Applied     dan ringkasan risalah RUPS secara lengkap dalam situs web
        The presentation of complete voting results and summary of GMS minutes                          perusahaan dan Bursa Efek Indonesia.
        will be published to the public on the subsequent working day.                                  The Company has disclosed the complete voting results and
                                                                                                        summary of GMS minutes on company and Indonesia Stock
                                                                                                        Exchange websites.

VIII.   Penghargaan terhadap Pemangku Kepentingan
        Appreciation to the Stakeholders

1.      Keterlibatan Pemangku Kepentingan Kunci (Stakeholder Engagement)
        Key Stakeholders Engagement

a.      Korporasi melalui Sekretaris Korporasi melaksanakan komunikasi yang reguler,      Diterapkan    Perseroan telah mengungkapkan proses dalam
        transparan, dan efektif dengan pemangku kepentingan kunci serta melibatkan          Applied     mengidentifikasi dan memilih pemangku kepentingan
        mereka untuk memahami harapan dan keluhan mereka serta dampak korporasi                         dan keterlibatannya yang telah diungkapkan dalam
        terhadap mereka.                                                                                Laporan Keberlanjutan. Selain itu, Perseroan juga memiliki
        The corporation via Corporate Secretary carries out regular, transparent,                       Whistleblowing System sebagai sarana untuk menyampaikan
        and effective communication with key stakeholders and engages them to                           saran, masukan, dan keluhan/pengaduan.
        understand their hopes and complaints as well as the impact of corporation                      The Company has disclosed the process of identifying and
        towards them.                                                                                   selecting stakeholders and their engagement which has been
                                                                                                        disclosed in the Sustainability Report. The Company also has
                                                                                                        a Whistleblowing System as a means to submit suggestions,
                                                                                                        input, and grievance/ complaints.

2.      Integrasi Keberlanjutan dalam Model Bisnis
        Sustainable Integration in Business Model

a.      Dewan Komisaris bersama-sama dengan Direksi bertanggung jawab, akuntabel,         Diterapkan
        dan transparan atas governansi keberlanjutan, termasuk menetapkan strategi,         Applied
        prioritas, dan target keberlanjutan korporasi. Direksi dan Dewan Komisaris                      Dewan Komisaris, Direksi, dan Ketua Divisi Keberlanjutan
        memasukkan pertimbangan keberlanjutan ketika menjalankan perannya,                              telah menetapkan strategi, prioritas, dan target keberlanjutan
        termasuk antara lain dalam pengembangan dan implementasi strategi                               Perseroan telah dikomunikasikan kepada para Pemegang
        korporasi, rencana bisnis, rencana aksi utama, dan manajemen risiko.                            Saham melalui Laporan Tahunan dan Laporan Keberlanjutan.
        The Board of Commissioners together with the Board of Directors are                             The Board of Commissioners, Board of Directors, and Head
        responsible, accountable, and transparent over sustainability governance,                       of Sustainability Division have established the Company’s
        including setting up the strategies, priority, and targets of the corporation’s                 sustainability strategies, priorities, and targets which have
        sustainability. The Board of Directors and Board of Commissioners include                       been communicated to Shareholders through the Annual
        the sustainable considerations when carrying out the roles, including, among                    Report and Sustainability Report.
        others, in development and implementation of corporate strategies, business
        plan, main action plan, and risk management.




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                                                                                                                           Tata Kelola Perusahaan
                                                                                                                        Good Corporate Governance




                           Prinsip/Rekomendasi                                         Keterangan                    Penerapan di Perseroan
                       Principles/Recommendations                                      Description                Implementation in the Company

3.   Perlindungan terhadap Pemangku Kepentingan
     Protection toward the Stakeholders

a.   Direksi memastikan dan mengungkapkan bahwa operasi korporasi                      Diterapkan    Perseroan senantiasa menjalankan aktivitas operasional
     mencerminkan penerapan standar etika, tanggung jawab sosial dan lingkungan          Applied     sesuai dengan peraturan perundang-undangan yang berlaku.
     yang tinggi di seluruh korporasi dan memastikan bahwa kebijakan dan prosedur                    Hal tersebut dilakukan sebagai upaya dalam menciptakan
     yang tepat diterapkan untuk menghormati serta mematuhi hak-hak pemangku                         lingkungan kerja yang beretika, bertanggung jawab
     kepentingan.                                                                                    terhadap tanggung jawab sosial dan lingkungan serta saling
     The Board of Directors ensures and discloses that corporate operations                          menghormati dan mematuhi hak-hak pemangku kepentingan.
     reflect implementation of high ethical standards, social and environmental                      Informasi lengkap telah diungkapkan dalam Laporan Tahunan
     responsibility throughout the corporation and ensure the appropriate policies                   dan Laporan Keberlanjutan.
     and procedures are applied to respect and comply with the stakeholders’ rights.                 The Company always carries out operational activities in
                                                                                                     line with applicable laws and regulations. This is done as an
                                                                                                     effort to create an ethical work environment, responsible for
                                                                                                     social and environmental responsibilities, mutual respect and
                                                                                                     compliance with stakeholder rights. Complete information has
                                                                                                     been disclosed in the Annual Report and Sustainability Report.

b.   Direksi mendorong karyawan bekerja untuk kepentingan jangka panjang               Diterapkan    Perseroan senantiasa mendorong karyawan untuk
     korporasi dan mengedepankan keberlanjutan.                                          Applied     menerapkan keberlanjutan dalam operasional bisnis. Hal
     The Board of Directors encourages the employees to work for the long-term                       ini dapat dilihat pada kinerja keberlanjutan Perseroan yang
     interest of the corporation to prioritize sustainability.                                       diungkapkan di Laporan Keberlanjutan. Perseroan juga telah
                                                                                                     mengintegrasikan ESG ke dalam sistem manajemen risiko
                                                                                                     Perusahaan.
                                                                                                     The Company continuously encourages employees to
                                                                                                     implement sustainability in business operations. This is
                                                                                                     reflected in the Company’s sustainability performance as
                                                                                                     disclosed in the Sustainability Report. The Company has also
                                                                                                     integrated ESG into its Enterprise Risk Management system.




                                                                                                                   PT Sawit Sumbermas Sarana Tbk         281
Page 282
06

Tanggung Jawab
Lingkungan dan Sosial
Environmental and
Social Responsibility




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Tanggung Jawab Lingkungan dan Sosial
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Komitmen Perseroan dalam Pelaksanaan TJSL
The Company’s Commitment to Social and
Environmental Responsibility (SER)

Perseroan berkomitmen untuk menjalankan Program Tanggung              The Company is committed to implementing Social and
Jawab Sosial dan Lingkungan (TJSL) sebagai bagian integral dari       Environmental Responsibility (SER) programs as an integral part
strategi bisnis berkelanjutan. Komitmen ini dilandaskan pada          of its sustainable business strategy. This commitment is based on
keyakinan bahwa keberhasilan usaha tidak hanya diukur dari kinerja    the belief that business success is not solely measured by financial
finansial, tetapi juga dari kemampuan Perseroan dalam menciptakan      performance, but also by the Company’s ability to create added value
nilai tambah bagi masyarakat dan lingkungan di sekitar wilayah        for communities and the environment surrounding its operational
operasional.                                                          areas.

Dalam implementasinya, Perseroan menempatkan masyarakat               In its implementation, the Company recognizes communities as key
sebagai pemangku kepentingan strategis yang memiliki keterkaitan      stakeholders directly linked to operational continuity and long-term
langsung dengan keberlangsungan operasional dan keberlanjutan         business sustainability. Therefore, TJSL programs are designed in
bisnis. Oleh karena itu, program TJSL dirancang secara terstruktur,   a structured, measurable, and needs-based manner, emphasizing
terukur, dan berbasis kebutuhan nyata masyarakat, dengan              targeted impact, meaningful benefits, and long-term sustainability.
mengedepankan prinsip tepat sasaran, memberikan manfaat, serta
berorientasi jangka panjang.

Sepanjang tahun 2025, Perseroan melaksanakan program TJSL yang        Throughout 2025, the Company implemented TJSL programs
terbagi ke dalam enam pilar utama, yaitu sosial budaya, pendidikan,   across six main pillars: social and cultural development, education,
kesehatan, lingkungan, infrastruktur, serta pemberdayaan ekonomi      health, environment, infrastructure, and community economic
masyarakat. Keenam pilar ini dikembangkan melalui pendekatan yang     empowerment. These pillars are developed through an adaptive
adaptif terhadap karakteristik sosial dan ekonomi masing-masing       approach tailored to the social and economic characteristics of each
wilayah operasional, sehingga setiap program mampu memberikan         operational area, ensuring that each program delivers relevant and
dampak yang relevan, berkelanjutan, serta memperkuat hubungan         sustainable impact while strengthening harmonious relationships
harmonis antara Perseroan dan masyarakat.                             between the Company and local communities.

Melalui pelaksanaan TJSL yang konsisten dan terarah, Perseroan        Through consistent and well-directed SER implementation, the
berupaya mendorong terciptanya pertumbuhan yang inklusif,             Company strives to promote inclusive growth, enhance community
meningkatkan kesejahteraan masyarakat, serta memperkuat fondasi       welfare, and strengthen the foundation of long-term business
keberlanjutan usaha dalam jangka panjang.                             sustainability.

DASAR HUKUM                                                           LEGAL BASIS

1. Undang-Undang No. 40 Tahun 2007 tentang Perseroan Terbatas.        1. Law No. 40 of 2007 concerning Limited Liability Companies.
2. Peraturan Pemerintah No. 47 Tahun 2012 tentang Tanggung            2. Government Regulation No. 47 of 2012 concerning Social and
   Jawab Sosial dan Lingkungan.                                          Environmental Responsibility.
3. Undang-Undang No. 25 Tahun 2007 tentang Penanaman Modal.           3. Law No. 25 of 2007 concerning Investment.
4. Anggaran Dasar Perseroan.                                          4. The Company’s Articles of Association.
5. ISO 26000 tentang Panduan Tanggung Jawab Sosial.                   5. ISO 26000 on Social Responsibility Guidelines.
6. Tata Kelola Perusahaan (GCG) dan Etika Bisnis.                     6. Good Corporate Governance (GCG) and Business Ethics.
7. Sertifikasi keberlanjutan, termasuk:                                7. Sustainability certifications, including:
   a. Indonesian Sustainable Palm Oil (ISPO);                            a. Indonesian Sustainable Palm Oil (ISPO);
   b. Roundtable on Sustainable Palm Oil (RSPO); serta                   b. Roundtable on Sustainable Palm Oil (RSPO); and
   c. Kepatuhan terhadap prinsip Hak Asasi Manusia (HAM).                c. Compliance with Human Rights (HR) principles.

Tujuan Pelaksanaan TJSL                                               Objective of SER Implementation
Tujuan utama program TJSL Perseroan adalah sebagai berikut:           Main objective in implementing the Company’s SER is as follow:
1. Membangun hubungan harmonis dengan pemangku kepentingan;           1. To build harmonious relationships with stakeholders;
2. Mendukung kelancaran operasional perusahaan;                       2. To support smooth business operations;
3. Meningkatkan kesejahteraan masyarakat; serta                       3. To improve community welfare; and
4. Melestarikan lingkungan dan sumber daya alam.                      4. To preserve the environment and natural resources.


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                                          Visi dan Misi TJSL
                                       SER Vision and Mission

                                                              Visi | Vision


             Berkah untuk
             Lingkungan Sekitarnya
             Blessing for the Surrounding
             Environment

Visi ini mencerminkan komitmen SSMS untuk menjadi perusahaan yang membawa dampak
positif, memberikan manfaat yang signifikan bagi masyarakat dan lingkungan sekitar, serta
menciptakan harmoni antara kegiatan usaha dan keberlanjutan.
This vision reflects SSMS’s commitment to becoming a company that generates positive
impact, delivers meaningful benefits to the surrounding communities and environment, and
creates harmony between business operations and sustainability




                                                          Misi | Mission

             • Melaksanakan komitmen perusahaan atas tanggung jawab sosial
               dan lingkungan yang akan memberikan nilai tambah kepada semua
               pemangku kepentingan.
               Carry out Company’s commitment to social and environmental
               responsibility which will provide added value to all stakeholders.
             • Menciptakan hubungan harmonis yang mendukung perkembangan
               komunitas sekitar, seimbang dengan pertumbuhan perusahaan.
               Creating harmonious relationships that support the development of
               the surrounding community, in balance with Company’s growth.
             • Melaksanakan tanggung jawab sosial perusahaan untuk
               pembangunan masyarakat yang berkelanjutan.
               Carry out corporate social responsibility for sustainable community
               development.
             • Membantu pemerintah Indonesia dalam meningkatkan kesejahteran
               masyarakat.
               Helping the Indonesian government in improving people’s welfare.
             • Membangun hubungan yang harmonis dan kondusif dengan
               semua pemangku kepentingan (stakeholder) untuk mendukung
               perkembangan dan reputasi perusahaan.
               Building harmonious and conducive relationships with all stakeholders
               to support the development and reputation of Company.




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KRITERIA PELAKSANAAN TJSL                                                CRITERIA OF SER IMPLEMENTATION

Tiga kriteria utama menjadi pedoman dalam memastikan efektivitas         Three key criteria serve as guidelines to ensure the effectiveness
pelaksanaan program TJSL SSMS:                                           of SSMS’s SER programs:



                                             Program dirancang dan dijalankan                Programs are designed and implemented
                  Tepat Sasaran              berdasarkan kebutuhan nyata masyarakat          based on the actual needs of local
                  On Target                  dan komunitas sekitar, sehingga manfaatnya      communities, ensuring the benefits are
                                             dapat dirasakan langsung oleh penerima.         directly felt by the recipients.



                                             Setiap program memiliki dampak yang positif     Each program delivers positive and
                  Bermanfaat                 dan relevan, baik secara sosial, ekonomi,       relevant impacts socially, economically, and
                  Helpful                    maupun lingkungan, yang mendukung               environmentally supporting improvements in
                                             peningkatan kualitas hidup masyarakat.          the quality of life of the community.



                                             Program-program TJSL dirancang untuk
                                                                                             SER programs are designed to create long-
                                             memberikan dampak jangka panjang,
                                                                                             term impact, with a focus on sustainability
                  Berkelanjutan              dengan fokus pada keberlanjutan guna
                                                                                             to ensure that benefits continue to be
                  Sustainable                memastikan manfaat yang terus dirasakan
                                                                                             experienced by the community and the
                                             oleh masyarakat dan lingkungan dari waktu
                                                                                             environment over time.
                                             ke waktu.




KETERKAITAN PROGRAM TJSL                                                 ALIGNMENT OF SER PROGRAMS WITH THE
DENGAN TUJUAN PEMBANGUNAN                                                SUSTAINABLE DEVELOPMENT GOALS (SDGS)
BERKELANJUTAN (SDGS)

Dalam memperkuat dampak program TJSL, Perseroan                          To enhance the impact of its SER programs, the Company integrates
mengintegrasikan Tujuan Pembangunan Berkelanjutan (Sustainable           the Sustainable Development Goals (SDGs) as a guiding framework
Development Goals/SDGs) sebagai kerangka acuan dalam                     in program planning and implementation. This approach ensures
perencanaan dan pelaksanaan program. Pendekatan ini memastikan           that each initiative not only delivers direct benefits to communities
bahwa setiap inisiatif yang dijalankan tidak hanya memberikan            but also contributes to broader global sustainable development
manfaat langsung bagi masyarakat, tetapi juga berkontribusi              objectives.
terhadap agenda pembangunan global yang berkelanjutan.

Program TJSL Perseroan yang terbagi dalam enam pilar utama               The Company’s SER programs, structured across six main pillars,
secara langsung berkontribusi terhadap berbagai tujuan SDGs.             directly contribute to various SDGs. The social and cultural pillar
Pilar sosial budaya mendukung upaya pengentasan kemiskinan               supports poverty alleviation and inequality reduction, the education
dan pengurangan ketimpangan, pilar pendidikan berkontribusi              pillar contributes to human capital development, and the health
pada peningkatan kualitas sumber daya manusia, sementara pilar           pillar enhances community well-being. Meanwhile, environmental
kesehatan mendorong peningkatan kualitas hidup masyarakat. Di sisi       and infrastructure initiatives support sustainable communities,
lain, pilar lingkungan dan infrastruktur berperan dalam menciptakan      and economic empowerment programs promote local economic
komunitas yang lebih berkelanjutan, serta pilar pemberdayaan             independence.
ekonomi masyarakat mendukung peningkatan kemandirian ekonomi
lokal.

Melalui integrasi ini, Perseroan tidak hanya menjalankan tanggung        Through this integration, the Company not only fulfills its social
jawab sosial, tetapi juga berperan aktif dalam mendukung pencapaian      responsibility but also actively contributes to inclusive and resilient
pembangunan berkelanjutan yang inklusif dan berdaya tahan,               sustainable development, while strengthening its long-term value
sekaligus memperkuat kontribusi perusahaan terhadap masyarakat           creation for society and the environment.
dan lingkungan secara berkesinambungan.




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Tabel Keterkaitan Program TJSL dengan SDGs
SER Program Mapping to SDGs

       Pilar TJSL                     Program Utama              Dampak yang Dihasilkan                     Keterkaitan SDGs
       SER Pillar                      Key Programs                Impact Generated                          SDGs Alignment




                              Bantuan sosial, sembako,
                                                              Pemenuhan kebutuhan
                              kegiatan keagamaan &
 Sosial Budaya                                                dasar, penguatan sosial
                              budaya
 Social & Culture             Social aid, food assistance,
                                                              Basic needs fulfilment, social
                                                              cohesion
                              cultural & religious programs




                              Pendidikan gratis, guru         Peningkatan akses & kualitas
 Pendidikan                   bantu, beasiswa                 SDM
 Education                    Free education, teacher         Improved access & human
                              support, scholarships           capital quality




                              Pengobatan gratis, donor
 Kesehatan                    darah, sunat massal, stunting Peningkatan kualitas hidup
 Health                       Free mecial services, blood   Improved quality of life
                              donation, mass circumcision




                              Pengelolaan sampah,             Peningkatan kesadaran
 Lingkungan                   kebersihan lingkungan           lingkungan
 Environment                  Waste management,               Increased environmental
                              environmental clean-up          awareness




                              Jalan, jembatan, fasilitas      Peningkatan akses &
 Infrastruktur                umum                            konektivitas
 Infrastructure               Roads, bridges, public          Improved accessibility &
                              facilities                      connectivity




 Pemberdayaan                                                 Peningkatan pendapatan &
 Ekonomi                      Hortikultura, UMKM lokal        kemandirian
 Economic                     Horticulture, local MSME’s      Increased income &
 Empowerment                                                  economic independence




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PROGRAM TSL 2025                                                           2025 SER PROGRAMS

Sepanjang tahun 2025, PT Sawit Sumbermas Sarana Tbk (SSMS)                 Throughout 2025, PT Sawit Sumbermas Sarana Tbk (SSMS)
melaksanakan berbagai Program Tanggung Jawab Sosial dan                    implemented various Social and Environmental Responsibility (SER)
Lingkungan (TJSL) yang dirancang untuk memberikan dampak                   programs designed to deliver tangible impacts for communities
nyata bagi masyarakat di sekitar wilayah operasional. Pelaksanaan          surrounding its operational areas. These programs were carried out
program dilakukan secara terstruktur dan terukur dengan mengacu            in a structured and measurable manner, based on social mapping
pada hasil pemetaan sosial serta koordinasi dengan pemangku                results and coordination with local stakeholders, ensuring that
kepentingan lokal, sehingga setiap inisiatif yang dijalankan relevan       each initiative was aligned with the needs and priorities of the
dengan kebutuhan dan prioritas masyarakat .                                communities .

Implementasi TJSL Perseroan difokuskan pada enam pilar utama,              The Company’s SER implementation focused on six main pillars:
yaitu
1. Sosial Budaya;                                                          1.   Socio-Cultural;
2. Pendidikan;                                                             2.   Education;
3. Kesehatan;                                                              3.   Health;
4. Pelestarian Lingkungan Hidup;                                           4.   Environmental Preservation;
5. Infrastruktur;                                                          5.   Infrastructure;
6. Pemberdayaan Masyarakat.                                                6.   Community Empowerment.

Melalui pendekatan yang adaptif terhadap karakteristik masing-             Through an adaptive approach tailored to the characteristics
masing wilayah operasional, program-program tersebut tidak                 of each operational area, these programs not only addressed
hanya bertujuan memenuhi kebutuhan dasar masyarakat, tetapi                basic community needs but also promoted social and economic
juga mendorong kemandirian sosial dan ekonomi serta memperkuat             independence while strengthening harmonious relationships
hubungan yang harmonis antara Perseroan dan komunitas lokal .              between the Company and local communities



Anggaran TJSL                                                              TJSL Budget
Perseroan telah merealisasikan anggaran TJSL untuk 6 (enam) pilar          The Company has implemented TJSL budget for 6 (six) pillars
sebesar Rp34,15 miliar dengan 882 kegiatan dan penerima manfaat            amounting to Rp34.15 billion with 882 activities and beneficiaries
sebanyak 47 Desa dan 602.238 individu.                                     of 47 villages and 602,238 individuals.


 Anggaran TJSL 2025 - 2023
 SER Bugdet for 2025 -2023

                          Uraian                                  Satuan
                                                                                       2025                2024                 2023
                        Description                                Unit
 Nilai Investasi Sosial                                 Rp-Miliar                              27.74                46.3                54.2
 Value of Social Investment                             IDR-Billion

 Realisasi Biaya CSR                                    Rp-Miliar                             32.925                41.36              34.15
 Realization of CSR Cost                                IDR-Billion

 Jumlah Program/Kegiatan                                Kegiatan                               1,146                  911               882
 Total Programs/Activities                              Activity

 Jumlah Dana yang disalurkan                            Rp-Miliar                              32.93              41.364               34.15
 Total Funds Distributed                                IDR-Billion

 Jumlah Dana yang ditahan                               Rp-Miliar                             -5,180                4.90               19.66
 Total Retained Funds                                   IDR-Billion

                                                        Desa                                     58                   47                 47
 Jumlah Penerima Manfaat                                Village
 Total Beneficiaries                                     Individu                           601,020                616,128            602,238
                                                        Individual




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SOSIAL BUDAYA                                                         SOCIO-CULTURAL

Pilar Sosial Budaya merupakan salah satu komponen utama dalam         The Social and Cultural pillar is one of the key components of PT
program Tanggung Jawab Sosial dan Lingkungan (TJSL) PT Sawit          Sawit Sumbermas Sarana Tbk’s (SSMS) Social and Environmental
Sumbermas Sarana Tbk (SSMS). Program ini ditujukan untuk              Responsibility (TJSL) program. This initiative aims to help alleviate
membantu meringankan beban Masyarakat, sekaligus mendukung            the burden on communities while supporting the achievement of
pencapaian Tujuan Pembangunan Berkelanjutan (TPB).                    the Sustainable Development Goals (SDGs).




Di tahun 2025, Perseroan telah merealisasikan anggaran untuk          In 2025, the Company allocated a budget of IDR30.40 billion for this
program ini sebesar Rp30,40 miliar yang mencakup:                     program, which includes:




   BANTUAN SEMBAKO MENJELANG
   HARI RAYA IDUL FITRI
   BASIC FOOD ASSISTANCE
   AHEAD OF EID AL-FITR




Menjelang hari-hari besar keagamaan, PT Sawit Sumbermas Sarana        Ahead of major religious holidays, PT Sawit Sumbermas Sarana Tbk
Tbk (SSMS) melaksanakan Program Dukungan Sosial Masyarakat            (SSMS) implemented a Community Social Support Program as part
sebagai bagian dari komitmen TJSL dengan menyalurkan 500 ton          of its Social and Environmental Responsibility (TJSL) commitment
beras dan 100.000 liter minyak goreng kepada lebih dari 50.000 jiwa   by distributing 500 tons of rice and 100,000 liters of cooking oil to
di 8 kabupaten dan 1 kota di Provinsi Kalimantan Tengah. Program      more than 50,000 beneficiaries across 8 regencies and 1 municipality
ini bertujuan membantu memenuhi kebutuhan pokok masyarakat,           in Central Kalimantan Province. This program aims to support basic
khususnya kelompok rentan, sekaligus menjaga ketahanan sosial,        needs fulfillment, particularly for vulnerable communities, while
memperkuat hubungan dengan masyarakat, dan meningkatkan               strengthening social resilience, enhancing community relations,
reputasi Perseroan sebagai perusahaan yang berkomitmen terhadap       and reinforcing the Company’s reputation as a sustainability-driven
keberlanjutan.                                                        organization.




   BANTUAN SEMBAKO HARI RAYA NATAL
   DAN TAHUN BARU (NATARU)
   BASIC FOOD ASSISTANCE FOR CHRISTMAS
   AND NEW YEAR (NATARU)




Dalam rangka menyambut Hari Raya Natal dan Tahun Baru (Nataru),       In celebration of Christmas and New Year (Nataru), PT Sawit
PT Sawit Sumbermas Sarana Tbk (SSMS) melalui Program TJSL             Sumbermas Sarana Tbk (SSMS) implemented its TJSL program
menyalurkan 3.678 paket sembako berupa beras 5 kg dan minyak          by distributing 3,678 basic food packages consisting of 5 kg of rice
goreng 2 liter dengan total nilai Rp432.007.200 kepada masyarakat     and 2 liters of cooking oil, with a total value of IDR432,007,200,

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umat Nasrani di 85 desa dan kelurahan di 5 kabupaten sekitar         to Christian communities across 85 villages and sub-districts in
wilayah operasional. Program ini dilaksanakan secara terkoordinasi   5 regencies surrounding its operational areas. The program was
dengan aparatur desa dan pemangku kepentingan setempat guna          carried out in coordination with local authorities and stakeholders to
memastikan penyaluran tepat sasaran, serta bertujuan untuk           ensure targeted distribution, aiming to ease the economic burden of
meringankan beban ekonomi masyarakat sekaligus memperkuat            the communities while strengthening sustainable and harmonious
hubungan harmonis antara Perseroan dan komunitas secara              relationships between the Company and local communities.
berkelanjutan.



   BANTUAN PENYALURAN HEWAN QURBAN
   DISTRIBUTION OF QURBAN (SACRIFICIAL
   ANIMALS) ASSISTANCE




Dalam rangka memperingati Hari Raya Idul Adha 1446 H, PT Sawit       In commemoration of Eid al-Adha 1446 H, PT Sawit Sumbermas
Sumbermas Sarana Tbk (SSMS) melalui program TJSL menyalurkan         Sarana Tbk (SSMS) implemented its TJSL program by distributing
137 ekor sapi kurban dengan total nilai Rp3.245.300.000 kepada       137 sacrificial cattle with a total value of IDR3,245,300,000 to
masyarakat kurang mampu, pondok pesantren, dan kelompok rentan       underprivileged communities, Islamic boarding schools, and other
di 11 kabupaten dan 1 kota di Provinsi Kalimantan Tengah. Program    vulnerable groups across 11 regencies and 1 municipality in Central
ini bertujuan mendukung pelaksanaan ibadah kurban, membantu          Kalimantan. This program aims to support the implementation of
pemenuhan kebutuhan protein masyarakat, serta memperkuat nilai       the qurban ritual, contribute to meeting community nutritional
kebersamaan, kepedulian sosial, dan hubungan harmonis antara         needs, and strengthen social solidarity, compassion, and harmonious
Perseroan dan masyarakat di sekitar wilayah operasional.             relationships between the Company and surrounding communities.




   SILATURAHMI “BERKAH
   RAMADHAN” 1446 HIJRIYAH
   “BERKAH RAMADHAN”
   GATHERING 1446 HIJRIYAH




Pada tahun 2025, PT Sawit Sumbermas Sarana Tbk (SSMS) kembali        In 2025, PT Sawit Sumbermas Sarana Tbk (SSMS) once again held
menyelenggarakan kegiatan Silaturahmi “Berkah Ramadhan” 1446         the “Berkah Ramadhan” 1446 Hijriyah gathering in Kotawaringin
Hijriyah di Kabupaten Kotawaringin Barat sebagai bagian dari         Barat as part of its annual TJSL program. The event was attended
program TJSL yang rutin dilaksanakan setiap tahun. Kegiatan          by thousands of residents, community leaders, religious figures,
ini dihadiri oleh ribuan warga, tokoh masyarakat, tokoh agama,       and government officials, serving as a platform to strengthen
serta pejabat pemerintah, dan menjadi wadah untuk mempererat         relationships between the Company, its employees, and the
hubungan antara Perseroan, karyawan, dan masyarakat. Melalui         surrounding communities. Through this initiative, the Company
kegiatan ini, Perseroan menegaskan komitmennya untuk senantiasa      reaffirmed its commitment to actively engage with the community
hadir di tengah masyarakat serta memperkuat nilai kebersamaan        while fostering social harmony and togetherness.
dan keharmonisan sosial.




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   BANTUAN MASYARAKAT KURANG MAMPU
   ASSISTANCE FOR UNDERPRIVILEGED
   COMMUNITIES




Program ini merupakan bagian dari komitmen Perseroan dalam            This program reflects the Company’s commitment to enhancing
meningkatkan kesejahteraan sosial dengan menyalurkan bantuan          social welfare by providing monthly assistance to 71 underprivileged
rutin setiap bulan kepada 71 masyarakat kurang mampu dengan total     individuals, with a total annual allocation of IDR1.2 billion. The
dana sebesar Rp1,2 miliar per tahun. Bantuan ini bertujuan membantu   initiative aims to support basic needs, deliver positive social impact,
pemenuhan kebutuhan dasar sekaligus memberikan dampak sosial          and sustainably improve the quality of life of the beneficiaries.
yang positif serta meningkatkan kualitas hidup masyarakat secara
berkelanjutan.



   PELESTARIAN ADAT BUDAYA &
   PARTISIPASI PHBI/PHBN
   CULTURAL PRESERVATION &
   PARTICIPATION IN RELIGIOUS AND
   NATIONAL EVENTS (PHBI/PHBN)




Pada tahun 2025, PT Sawit Sumbermas Sarana Tbk (SSMS) secara          In 2025, PT Sawit Sumbermas Sarana Tbk (SSMS) actively
aktif berpartisipasi dalam berbagai kegiatan Hari Besar Islam         participated in various Islamic and national commemorative events
(PHBI) dan Hari Besar Nasional (PHBN), seperti perayaan Natal dan     (PHBI/PHBN), including Christmas and New Year celebrations, the
Tahun Baru, Maulid Nabi Muhammad SAW, MTQ XII, Pesparawi XVII,        Prophet Muhammad’s Birthday, MTQ XII, Pesparawi XVII, Indonesia’s
peringatan HUT RI, serta Malam Budaya Nusantara. Partisipasi          Independence Day, and Cultural Night events. This participation
ini merupakan wujud komitmen Perseroan dalam mempererat               reflects the Company’s commitment to strengthening community
hubungan dengan masyarakat, memperkuat nilai kebersamaan,             relations, fostering social cohesion, tolerance, and national
toleransi, dan nasionalisme, serta mendukung pelestarian budaya       values, while supporting cultural preservation and an inclusive
dan lingkungan sosial yang inklusif dan berkelanjutan.                and sustainable social environment.


   PROGRAM TIM DESA
   VILLAGE TEAM PROGRAM




Program Tim Desa merupakan inisiatif PT Sawit Sumbermas               The Village Team Program is an initiative by PT Sawit Sumbermas
Sarana Tbk (SSMS) sebagai wadah partisipatif untuk menjembatani       Sarana Tbk (SSMS) that serves as a participatory platform to
komunikasi antara perusahaan dan masyarakat di wilayah                bridge communication between the Company and communities
operasional. Pada tahun 2025, sebanyak 192 anggota yang terdiri       in its operational areas. In 2025, a total of 192 members, including
dari tokoh masyarakat, tokoh adat, dan perangkat desa terlibat        community leaders, traditional leaders, and village officials, were
dengan total investasi sebesar Rp1,6 miliar. Program ini berperan     involved, with a total investment of IDR1.6 billion. This program plays
dalam memastikan pelaksanaan TJSL berjalan tepat sasaran              a key role in ensuring the effective implementation of TJSL initiatives

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melalui penyaluran aspirasi masyarakat secara inklusif, sekaligus       by facilitating inclusive community input, while strengthening
memperkuat hubungan yang harmonis, kepercayaan, serta                   harmonious relationships, trust, and supporting sustainable social
mendukung pembangunan sosial dan ekonomi yang berkelanjutan.            and economic development.

Analisa Dampak                                                          Impact Analysis

Program sosial budaya PT Sawit Sumbermas Sarana Tbk                     The socio-cultural programs of PT Sawit Sumbermas Sarana Tbk
(SSMS) pada tahun 2025 memberikan kontribusi nyata terhadap             (SSMS) in 2025 have made a tangible contribution to improving
peningkatan kesejahteraan masyarakat, penguatan partisipasi             community welfare, strengthening participation in village
dalam pembangunan desa, serta peningkatan kesadaran akan nilai          development, and enhancing awareness of religious values,
keagamaan, nasionalisme, dan pelestarian budaya lokal. Program          nationalism, and cultural preservation. These initiatives have
ini juga memperkuat hubungan yang harmonis dan saling percaya           also fostered harmonious and trust-based relationships between
antara Perseroan dan masyarakat. Sebagai bagian dari strategi bisnis    the Company and local communities. As part of its sustainable
berkelanjutan, SSMS terus mengembangkan inisiatif yang berfokus         business strategy, SSMS continues to develop initiatives focused
pada pemberdayaan masyarakat, pengentasan kemiskinan, serta             on community empowerment, poverty alleviation, and inclusive and
pembangunan komunitas yang inklusif dan berkelanjutan, dengan           sustainable community development, with the belief that social
keyakinan bahwa investasi sosial dan lingkungan merupakan fondasi       and environmental investments are a key foundation for long-term
penting bagi keberlanjutan usaha jangka panjang.                        business sustainability.

PENDIDIKAN                                                              EDUCATION

Pilar Pendidikan merupakan salah satu fokus utama dalam                 The Education pillar is one of the main focuses in the implementation
pelaksanaan Program Tanggung Jawab Sosial dan Lingkungan (TJSL)         of PT Sawit Sumbermas Sarana Tbk’s (SSMS) Social and
PT Sawit Sumbermas Sarana Tbk (SSMS). Program ini ditujukan             Environmental Responsibility (TJSL) program. This initiative aims
untuk meningkatkan akses dan kualitas pendidikan masyarakat di          to improve access to and the quality of education for communities
sekitar wilayah operasional perusahaan.                                 surrounding the Company’s operational areas.

Melalui penguatan sektor pendidikan, Perseroan berupaya                 Through strengthening the education sector, the Company
mendorong terbentuknya sumber daya manusia yang unggul, berdaya         seeks to foster the development of high-quality, competitive,
saing, serta mandiri secara ekonomi dan sosial. Inisiatif ini sejalan   and economically and socially independent human resources.
dengan komitmen SSMS dalam mendukung pencapaian Tujuan                  This initiative aligns with SSMS’s commitment to supporting the
Pembangunan Berkelanjutan (TPB)                                         achievement of the Sustainable Development Goals (SDGs).




Pada tahun 2025, SSMS mengalokasikan anggaran sebesar Rp6,18            In 2025, SSMS allocated a budget of IDR6.18 billion to support the
miliar untuk mendukung pelaksanaan berbagai program Pendidikan          implementation of various education programs designed to address
yang dirancang untuk menjawab tantangan akses pendidikan,               challenges in education access, enhance the quality of educators,
meningkatkan kualitas tenaga pendidik, serta memperluas                 and expand learning opportunities for children and young people in
kesempatan belajar bagi anak-anak dan generasi muda di sekitar          the Company’s operational areas, including:
wilayah operasional, antara lain:




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   FASILITAS PENDIDIKAN GRATIS 14 TAHUN
   14-YEAR FREE EDUCATION PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) menyelenggarakan Program          PT Sawit Sumbermas Sarana Tbk (SSMS) implements a 14-Year Free
Fasilitas Pendidikan Gratis 14 Tahun mulai dari pendidikan usia dini   Education Program covering early childhood to senior secondary
hingga menengah atas bagi anak karyawan dan masyarakat sekitar         education for employees’ children and surrounding communities to
guna meningkatkan akses pendidikan yang inklusif. Hingga akhir         enhance inclusive access to education. As of the end of 2024, the
2024, Perseroan telah membangun 20 unit sekolah dengan total 2.621     Company has established 20 school units serving 2,621 students
siswa dan 165 tenaga pendidik, serta didukung fasilitas perumahan      supported by 165 educators, along with teacher housing and school
guru dan transportasi sekolah. Program ini bertujuan memperluas        transportation facilities. This program aims to expand equitable
pemerataan pendidikan, khususnya di wilayah terpencil, sekaligus       access to education, particularly in remote areas, while improving
meningkatkan kualitas sumber daya manusia secara berkelanjutan.        the quality of human resources in a sustainable manner.



   GURU BANTU DESA
   VILLAGE ASSISTANT TEACHERS PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) melaksanakan Program              PT Sawit Sumbermas Sarana Tbk (SSMS) implements the Village
Guru Bantu Desa untuk meningkatkan kualitas pengajaran dan             Assistant Teachers Program to enhance teaching quality and
pemerataan akses pendidikan di wilayah pedesaan. Pada tahun            expand access to education in rural areas. In 2025, a total of 240
2025, sebanyak 240 tenaga pendidik dan kependidikan (PTK) bantu        assistant teachers were deployed across villages surrounding the
ditempatkan di desa-desa sekitar wilayah operasional dengan            Company’s operational areas, supported by monthly incentives,
dukungan insentif bulanan, Tunjangan Hari Raya (THR), serta program    holiday allowances (THR), and training programs to improve
pelatihan untuk meningkatkan kompetensi, dengan total anggaran         competencies, with a total budget of IDR14.7 billion. This program
sebesar Rp14,7 miliar. Program ini memberikan dampak positif           delivers sustainable impact by improving education quality while
melalui peningkatan kualitas pendidikan sekaligus pemberdayaan         empowering local educators as key contributors to human capital
tenaga pendidik lokal sebagai bagian dari pengembangan sumber          development.
daya manusia yang berkelanjutan.



   BEASISWA PENDIDIKAN
   EDUCATION SCHOLARSHIP PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) menyelenggarakan Program          PT Sawit Sumbermas Sarana Tbk (SSMS) implements an
Beasiswa Pendidikan bagi mahasiswa berprestasi dari keluarga           Education Scholarship Program for high-achieving students from
kurang mampu guna meningkatkan akses pendidikan tinggi dan             underprivileged families to enhance access to higher education and
pengembangan sumber daya manusia. Pada tahun 2025, sebanyak            support human capital development. In 2025, a total of 30 students
30 mahasiswa menerima beasiswa penuh yang mencakup biaya               received full scholarships covering tuition, accommodation, living
pendidikan, tempat tinggal, biaya hidup, serta kebutuhan akademik,     expenses, and academic needs, supported through partnerships

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dengan dukungan kerja sama 14 perguruan tinggi di Indonesia. Sejak      with 14 universities across Indonesia. Since its inception in 2012, the
diluncurkan pada 2012, program ini telah memberikan manfaat             program has benefited more than 183 recipients, with several alumni
kepada lebih dari 183 penerima beasiswa, dengan sebagian alumni         joining SSMS as Management Trainees, reflecting the program’s
bergabung sebagai Management Trainee di SSMS, mencerminkan              success in developing competent and competitive talent
keberhasilan program dalam mencetak talenta yang kompeten dan
berdaya saing.



   PROGRAM PEMAGANGAN &
   PRAKTIK KERJA LAPANGAN
   INTERNSHIP & FIELD WORK
   PRACTICE PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) menyelenggarakan                   PT Sawit Sumbermas Sarana Tbk (SSMS) implements an Internship
Program Pemagangan dan Praktik Kerja Lapang sebagai upaya               and Field Work Practice Program to bridge the gap between
menjembatani dunia pendidikan dan industri serta meningkatkan           education and industry while enhancing the employability of young
kesiapan kerja generasi muda. Peserta yang terdiri dari mahasiswa,      talent. Participants, including students, fresh graduates, and
lulusan baru, dan siswa SMK ditempatkan di berbagai unit kerja sesuai   vocational school students, are assigned to various operational units
bidangnya, seperti kebun, pabrik, engineering, keuangan, human          such as plantations, mills, engineering, finance, human capital, and
capital, dan sustainability, dengan masa magang 3–12 bulan yang         sustainability, for a period of 3–12 months with mentoring, training,
didukung pembimbingan, pelatihan, dan evaluasi berkala. Program         and periodic evaluations. This program contributes to improving
ini memberikan manfaat dalam meningkatkan kompetensi tenaga             local workforce competencies, strengthening partnerships with
kerja lokal, memperkuat kemitraan dengan institusi pendidikan,          educational institutions, and supporting the development of highly
serta mendukung pengembangan sumber daya manusia yang unggul            skilled and competitive human resources.
dan berdaya saing.

Analisa Dampak                                                          Impact Analysis

Program pendidikan SSMS pada tahun 2025 memberikan dampak               SSMS’s education programs in 2025 delivered significant positive
positif melalui peningkatan akses dan kualitas pendidikan bagi          impacts by improving access to and the quality of education for
masyarakat sekitar wilayah operasional. Program Fasilitas Pendidikan    communities surrounding its operational areas. The Free Education
Gratis memperluas akses belajar, Program Guru Bantu Desa menjaga        Program expanded learning opportunities, the Village Assistant
kualitas pengajaran di wilayah terbatas, serta Program Beasiswa         Teachers Program ensured teaching continuity in underserved
mendorong lahirnya sumber daya manusia yang kompeten dan                areas, and the Scholarship Program fostered the development of
berdaya saing. Secara keseluruhan, inisiatif ini berkontribusi pada     competitive and capable human resources. Overall, these initiatives
peningkatan peluang kerja dan kesejahteraan masyarakat, sekaligus       contribute to better employment opportunities and improved
mencerminkan komitmen Perseroan dalam mengembangkan sumber              community welfare, while reflecting the Company’s commitment
daya manusia melalui program yang terarah dan berbasis kebutuhan        to human capital development through targeted, needs-based
lokal                                                                   programs.




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KESEHATAN                                                             HEALTH

Pilar Kesehatan merupakan inisiatif penting yang bertujuan untuk      The Health pillar is a key initiative aimed at improving the quality
meningkatkan kualitas kesehatan masyarakat di sekitar operasional     of health for communities surrounding the Company’s operations,
Perusahaan sehingga tercipta kehidupan sehat dan Sejahtera, sejalan   thereby promoting healthy and prosperous lives, in line with SSMS’s
dengan komitmen SSMS dalam mendukung pencapaian Tujuan                commitment to supporting the achievement of the Sustainable
Pembangunan Berkelanjutan (TPB)                                       Development Goals (SDGs).




Pada tahun 2025, SSMS mengalokasikan anggaran sebesar Rp370,62        In 2025, SSMS allocated a budget of IDR370.62 million for various
Juta untuk berbagai program kesehatan, yang mencakup:                 health programs, which include:



   PENGOBATAN GRATIS UNTUK MASYARAKAT
   FREE MEDICAL SERVICES FOR COMMUNITIES




PT Sawit Sumbermas Sarana Tbk (SSMS) melalui Poliklinik               PT Sawit Sumbermas Sarana Tbk (SSMS), through its Plantation
Perkebunan (Polibun) menyelenggarakan program pengobatan              Polyclinic (Polibun), provides free medical services for employees and
gratis bagi karyawan dan masyarakat sekitar wilayah operasional       surrounding communities to enhance access to healthcare. In 2025,
guna meningkatkan akses layanan kesehatan. Pada tahun 2025,           the program served 582 inpatients and 887 outpatients, supported
program ini melayani 582 pasien rawat inap dan 887 pasien rawat       by a total budget of IDR114.2 million. This initiative contributes to
jalan dengan dukungan anggaran sebesar Rp114,2 juta. Program          improving community well-being, maintaining productivity, and
ini berkontribusi dalam meningkatkan kualitas hidup masyarakat,       strengthening the Company’s role in sustainable social developmen
menjaga produktivitas, serta memperkuat peran Perseroan dalam
pembangunan sosial yang berkelanjutan.



   PROGRAM DONOR DARAH
   BLOOD DONATION PROGRAM




Dalam rangka memperingati HUT ke-80 Kemerdekaan Republik              In commemoration of the 80th Anniversary of the Republic of
Indonesia tahun 2025, PT Menteng Kencana Mas (PT MKM)                 Indonesia’s Independence in 2025, PT Menteng Kencana Mas (PT
menyelenggarakan kegiatan donor darah sebagai bagian dari             MKM) organized a blood donation program as part of its commitment
komitmen terhadap kesehatan masyarakat. Kegiatan ini melibatkan       to public health. The activity involved approximately 200 employees
sekitar 200 karyawan dan dilaksanakan bekerja sama dengan             and was conducted in collaboration with the Indonesian Red Cross
PMI serta instansi kesehatan setempat. Program ini bertujuan          (PMI) and local health authorities. This initiative aims to support blood
mendukung ketersediaan darah bagi masyarakat, menumbuhkan             availability for communities in need, foster social awareness, and

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kepedulian sosial, serta memperkuat kontribusi perusahaan dalam      strengthen the Company’s contribution to the healthcare sector,
bidang kesehatan, yang juga dilengkapi dengan kegiatan sosial lain   complemented by other social activities such as mass circumcision
seperti sunatan massal.                                              programs.



   SUNAT MASSAL GRATIS
   FREE MASS CIRCUMCISION PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) menyelenggarakan program        PT Sawit Sumbermas Sarana Tbk (SSMS) organized a free mass
sunat massal gratis di Kabupaten Kotawaringin Barat, Kapuas, dan     circumcision program in Kotawaringin Barat, Kapuas, and Lamandau,
Lamandau yang diikuti oleh 55 anak dari keluarga karyawan dan        attended by 55 children from employees’ families and surrounding
masyarakat sekitar. Program ini bertujuan meningkatkan akses         communities. The program aims to improve access to healthcare
layanan kesehatan sekaligus meringankan beban ekonomi keluarga,      services while easing the financial burden on families, supported
dengan dukungan anggaran sebesar Rp81,8 juta untuk tenaga medis,     by a budget of IDR81.8 million for medical personnel, equipment,
perlengkapan, dan kebutuhan kegiatan. Selain layanan medis,          and program needs. In addition to medical services, participants
peserta juga menerima souvenir dan uang saku, sehingga program       received souvenirs and allowances, providing both health benefits
ini memberikan manfaat kesehatan sekaligus memperkuat hubungan       and strengthening trust and relationships between the Company
dan kepercayaan antara Perseroan dan masyarakat.                     and local communities.




   PROGRAM PENANGGULANGAN
   GIZI RENDAH DAN STUNTING
   MALNUTRITION AND STUNTING
   PREVENTION PROGRAM




Pada tahun 2025, PT Sawit Sumbermas Sarana Tbk (SSMS)                In 2025, PT Sawit Sumbermas Sarana Tbk (SSMS) implemented a
melaksanakan program pencegahan stunting di tujuh desa di            stunting prevention program across seven villages in Kotawaringin
Kabupaten Kotawaringin Barat, Pulang Pisau, dan Kapuas yang          Barat, Pulang Pisau, and Kapuas, reaching 46 children by providing
menjangkau 46 anak, melalui pemberian tambahan nutrisi berupa        additional nutrition in the form of formula milk and multivitamins for
susu formula dan multivitamin selama tiga bulan dengan total         three months, with a total budget of IDR29.7 million. The program was
anggaran Rp29,7 juta. Program ini dilaksanakan bersama Dinas         carried out in collaboration with local health offices and community
Kesehatan dan Puskesmas setempat untuk memastikan intervensi         health centers to ensure targeted interventions, aiming to improve
yang tepat sasaran, serta bertujuan meningkatkan status gizi dan     children’s nutritional status and overall health sustainably. For this
kesehatan anak secara berkelanjutan. Atas kontribusi tersebut,       contribution, SSMS, together with the Kotawaringin Barat Regency
SSMS bersama Pemerintah Kabupaten Kotawaringin Barat meraih          Government, received First Place in the 2025 Stunting Convergence
Peringkat I dalam Penilaian Kinerja Aksi Konvergensi Stunting        Action Performance Assessment, recognizing the success of multi-
Tahun 2025 sebagai bentuk apresiasi atas keberhasilan kolaborasi     stakeholder collaboration.
multipihak.




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Analisa Dampak                                                         Impact Analysis

Pilar Kesehatan SSMS pada tahun 2025 memberikan dampak                 SSMS’s Health pillar in 2025 delivered positive impacts in improving
positif dalam meningkatkan kualitas kesehatan masyarakat melalui       community health through free medical services, blood donation,
program pengobatan gratis, donor darah, sunatan massal, serta          mass circumcision, and malnutrition and stunting prevention
penanggulangan gizi rendah dan stunting dengan total anggaran          programs, with a total budget of IDR146 million. These initiatives
Rp146 juta. Program ini berhasil meningkatkan akses layanan            enhanced access to healthcare, supported disease prevention,
kesehatan, mendukung pencegahan penyakit, serta memperbaiki            and improved nutritional status, particularly among children.
status gizi masyarakat, khususnya anak-anak. Kolaborasi dengan         Collaboration with PMI, local health offices, and community health
PMI, Dinas Kesehatan, dan Puskesmas memastikan pelaksanaan yang        centers ensured targeted implementation while strengthening
tepat sasaran, sekaligus memperkuat hubungan antara Perseroan          sustainable relationships between the Company and local
dan komunitas lokal secara berkelanjutan.                              communities.

PELESTARIAN LINGKUNGAN HIDUP                                           ENVIRONMENTAL PRESERVATION

Perseroan terus menunjukkan komitmennya dalam menjaga                  The Company continues to demonstrate its commitment to
keseimbangan lingkungan melalui program Pelestarian Lingkungan         maintaining environmental balance through its Environmental
Hidup. Inisiatif ini bertujuan untuk meningkatkan kualitas kesehatan   Preservation program. This initiative aims to improve environmental
lingkungan bagi masyarakat sekitar area operasional, meminimalkan      quality for communities surrounding its operational areas, minimize
dampak negatif industri, serta memastikan keberlanjutan ekosistem      the negative impacts of industrial activities, and ensure ecosystem
bagi generasi mendatang, sejalan dengan Tujuan Pembangunan             sustainability for future generations, in line with the Sustainable
Berkelanjutan (TPB).                                                   Development Goals (SDGs).




Pada tahun 2025, SSMS mengalokasikan anggaran sebesar                  In 2025, SSMS allocated a budget of IDR412.32 million for various
Rp412,32Juta untuk berbagai program pelestarian lingkungan hidup,      environmental conservation programs, which include:
yang mencakup:



   PENANGGULANGAN SAMPAH DI
   LINGKUNGAN KOTA PANGKALAN BUN
   WASTE MANAGEMENT PROGRAM
   IN PANGKALAN BUN CITY




Sebagai bagian dari komitmen terhadap pengelolaan lingkungan           As part of its commitment to sustainable environmental
berkelanjutan, PT Sawit Sumbermas Sarana Tbk (SSMS) melalui            management, PT Sawit Sumbermas Sarana Tbk (SSMS), through
CBI Group melaksanakan program penanggulangan sampah                   CBI Group, has implemented a waste management program in
di Kota Pangkalan Bun yang telah berjalan selama tiga tahun            Pangkalan Bun City, which has been running for three years with
dengan dukungan Rp1,7 miliar per tahun. Program ini mencakup           annual funding of IDR1.7 billion. The program includes the collection
pengangkutan sampah domestik dari area pasar dan fasilitas             and transportation of domestic waste from markets and public areas
umum menuju TPA, dengan dukungan armada dan kontainer                  to the final disposal site, supported by waste trucks and containers
guna meningkatkan efektivitas pengelolaan. Inisiatif ini berhasil      to improve efficiency. This initiative has significantly reduced waste
mengurangi penumpukan sampah, meningkatkan kebersihan                  accumulation, improved environmental cleanliness and sanitation,
dan sanitasi lingkungan, serta menekan risiko pencemaran dan           and minimized pollution and health risks, while strengthening
penyakit, sekaligus memperkuat sinergi antara perusahaan dan           collaboration between the Company and local government in
pemerintah daerah dalam mewujudkan pengelolaan lingkungan              promoting sustainable waste management.
yang berkelanjutan.

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   GERAKAN KEBERSIHAN LINGKUNGAN
   KELURAHAN BARU
   ENVIRONMENTAL CLEAN-UP
   MOVEMENT IN KELURAHAN BARU




Sebagai bagian dari komitmen terhadap pelestarian lingkungan,         As part of its commitment to environmental sustainability, PT Sawit
PT Sawit Sumbermas Sarana Tbk (SSMS) melaksanakan Program             Sumbermas Sarana Tbk (SSMS) implemented an Environmental
Gerakan Kebersihan Lingkungan di Kelurahan Baru melalui kolaborasi    Clean-Up Movement in Kelurahan Baru in collaboration with local
dengan pemerintah daerah, instansi terkait, dan masyarakat.           government, relevant agencies, and the community. Activities
Kegiatan meliputi gotong royong, pengangkutan sampah, penataan        included community clean-ups, waste collection, public area
area publik, serta edukasi pengelolaan sampah. Program ini berhasil   improvement, and waste management education. This program
meningkatkan kebersihan dan kualitas lingkungan, mengurangi           has improved environmental cleanliness and quality, reduced the risk
risiko banjir dan penyakit berbasis lingkungan, serta mendorong       of flooding and environmentally related diseases, and encouraged
partisipasi masyarakat dan budaya gotong royong dalam menjaga         community participation and a culture of collective responsibility
lingkungan secara berkelanjutan.                                      in maintaining a sustainable environment



INFRASTRUKTUR                                                         INFRASTRUCTURE

Sebagai bagian dari komitmen terhadap pembangunan berkelanjutan,      As part of its commitment to sustainable development, the Company
perseroan terus berupaya meningkatkan kesejahteraan masyarakat        continues to enhance community welfare through its Infrastructure
melalui program Pembangunan Infrastruktur. Program ini dirancang      Development program. This initiative is designed to improve
untuk mendukung aksesibilitas, mempercepat pertumbuhan                accessibility, accelerate local economic growth, and enhance the
ekonomi lokal, serta meningkatkan kualitas hidup masyarakat di        quality of life of communities surrounding its operational areas, in
sekitar wilayah operasional, sejalan dengan Tujuan Pembangunan        line with the Sustainable Development Goals (SDGs).
Berkelanjutan (TPB).




Pada tahun 2025, SSMS mengalokasikan anggaran sebesar Rp1,96          In 2025, SSMS allocated a budget of IDR1.96 billion for various
Miliar untuk berbagai proyek infrastruktur, yang mencakup:            infrastructure project, which include:



   PEMBANGUNAN INFRASTRUKTUR
   JALAN & JEMBATAN
   ROAD AND BRIDGE INFRASTRUCTURE
   DEVELOPMENT




PT Sawit Sumbermas Sarana Tbk (SSMS) mengalokasikan Rp1,35            PT Sawit Sumbermas Sarana Tbk (SSMS) allocated IDR1.35 billion
miliar untuk pembangunan dan perbaikan jalan serta jembatan di        for the development and improvement of roads and bridges across
beberapa desa guna meningkatkan aksesibilitas dan mendukung           several villages to enhance accessibility and support community
aktivitas ekonomi masyarakat. Program ini mencakup perbaikan          economic activities. The program includes road repairs and

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dan pembangunan jalan di Desa Jangkar Prima, Rungun, Kondang,           construction in Jangkar Prima, Rungun, Kondang, Rangda, Mekar
Rangda, Mekar Mulya, Sulung, Kenambui, Sepaku (Jalan Perigi), dan       Mulya, Sulung, Kenambui, Sepaku (Jalan Perigi), and Belanti, focusing
Belanti, dengan fokus pada peningkatan kualitas dan ketahanan           on improving infrastructure quality and durability. This initiative
infrastruktur. Inisiatif ini bertujuan memperlancar mobilitas,          aims to facilitate mobility, the distribution of goods and services,
distribusi barang dan jasa, serta akses masyarakat terhadap             and community access to education, employment, and healthcare
pendidikan, pekerjaan, dan layanan kesehatan.                           services.



   PEMBANGUNAN DAN PERBAIKAN JEMBATAN
   BRIDGE CONSTRUCTION AND REHABILITATION




PT Sawit Sumbermas Sarana Tbk (SSMS) melaksanakan                       PT Sawit Sumbermas Sarana Tbk (SSMS) carried out the construction
pembangunan dan perbaikan jembatan di beberapa lokasi, antara           and rehabilitation of bridges in several locations, including the
lain Jembatan Sungai Selangkun di Desa Rangda (Kecamatan Arut           Selangkun River Bridge in Rangda Village (Arut Selatan District),
Selatan), Jembatan Desa Mekar Mulya, serta perbaikan jembatan           Mekar Mulya Village Bridge, and the rehabilitation of a bridge in
di Desa Purwareja, guna meningkatkan konektivitas antar wilayah.        Purwareja Village, to enhance inter-regional connectivity. This
Program ini memberikan dampak positif berupa peningkatan                program has delivered positive impacts by improving community
aksesibilitas masyarakat terhadap layanan pendidikan, kesehatan,        access to education, healthcare, and markets, supporting local
dan pasar, mendorong pertumbuhan ekonomi lokal melalui                  economic growth through smoother distribution, and enhancing
kelancaran distribusi, serta meningkatkan kualitas hidup melalui        quality of life through more efficient travel time and lower
efisiensi waktu dan biaya transportasi, sekaligus mempercepat            transportation costs, while also accelerating regional development
pembangunan wilayah dan mengurangi kesenjangan antarwilayah.            and reducing disparities between areas.



   PEMBANGUNAN DAN PERBAIKAN
   SARANA IBADAH
   CONSTRUCTION AND RENOVATION
   OF RELIGIOUS FACILITIES




PT Sawit Sumbermas Sarana Tbk (SSMS) mengalokasikan Rp581               PT Sawit Sumbermas Sarana Tbk (SSMS) allocated IDR581 million
juta untuk mendukung pembangunan dan renovasi berbagai sarana           to support the construction and renovation of various religious
ibadah, termasuk gereja, masjid, dan musholla di wilayah operasional,   facilities, including churches, mosques, and prayer rooms across
sebagai bagian dari komitmen terhadap pembangunan sosial dan            its operational areas, as part of its commitment to social and
spiritual masyarakat. Program ini meningkatkan kenyamanan               spiritual development. This program enhances comfort in worship,
beribadah, memperkuat kerukunan dan kohesi sosial, serta                strengthens social cohesion and harmony, and supports community
mendorong pembinaan karakter masyarakat. Selain itu, kegiatan ini       character development. It also generates indirect economic benefits
juga memberikan dampak ekonomi tidak langsung dan memperkuat            while reinforcing trust and fostering harmonious relationships
hubungan harmonis serta kepercayaan antara Perseroan dan                between the Company and local communities.
masyarakat.




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                                                                                             Tanggung Jawab Lingkungan dan Sosial
                                                                                              Environmental and Social Responsibility




   PEMBANGUNAN/PERBAIKAN SARANA
   PENDIDIKAN/SANGGAR SENI
   CONSTRUCTION AND IMPROVEMENT OF
   EDUCATIONAL AND ART FACILITIES




PT Sawit Sumbermas Sarana Tbk (SSMS) mengalokasikan Rp447,7          PT Sawit Sumbermas Sarana Tbk (SSMS) allocated IDR447.7
juta untuk pembangunan dan perbaikan sarana pendidikan serta         million for the construction and improvement of educational and
sanggar seni di berbagai sekolah dan desa guna menciptakan           art facilities across various schools and villages to create a safer
lingkungan belajar yang lebih layak, aman, dan mendukung proses      and more conducive learning environment. The program includes
pembelajaran. Program ini mencakup pembangunan fasilitas             the development of new facilities, classroom renovations, and
baru, renovasi ruang belajar, serta perbaikan sarana pendukung       improvements to supporting educational infrastructure, thereby
pendidikan, sehingga meningkatkan akses dan kualitas pendidikan,     enhancing access to and the quality of education while promoting
serta mendorong pengembangan karakter dan keterampilan peserta       character and skill development among students. This initiative
didik. Inisiatif ini memberikan dampak positif bagi peningkatan      contributes positively to the sustainable development of human
kualitas sumber daya manusia di wilayah operasional secara           capital in the Company’s operational areas.
berkelanjutan.

Analisa Dampak                                                       Impact Analysis

Program pembangunan infrastruktur SSMS pada tahun 2025               SSMS’s infrastructure development programs in 2025 delivered
memberikan dampak positif melalui peningkatan aksesibilitas,         positive impacts by improving accessibility, mobility, and the quality
mobilitas, dan kualitas hidup masyarakat di wilayah operasional.     of life in its operational areas. Enhanced infrastructure opens up
Infrastruktur yang lebih baik membuka peluang ekonomi, mendukung     economic opportunities, supports social activities, and strengthens
aktivitas sosial, serta memperkuat keterhubungan antar wilayah       connectivity between regions, creating a more inclusive and
sehingga menciptakan lingkungan yang lebih inklusif dan produktif.   productive environment. Through these initiatives, the Company
Melalui inisiatif ini, Perseroan menegaskan komitmennya untuk        reaffirms its commitment to sustainable development by delivering
terus berkontribusi pada pembangunan berkelanjutan dengan            tangible benefits to communities.
menciptakan dampak nyata bagi masyarakat.




                                                                                                    PT Sawit Sumbermas Sarana Tbk       301
Page 302
PEMBERDAYAAN DAN PENGEMBANGAN                                           COMMUNITY EMPOWERMENT & DEVELOPMENT
MASYARAKAT

Komunitas lokal merupakan pemangku kepentingan penting bagi             Local communities are key stakeholders for the Company as they play
Perseroan karena berperan dalam mendukung keberlanjutan                 an essential role in supporting the sustainability of its operations.
operasional perusahaan. Oleh karena itu, Perseroan berkomitmen          Therefore, the Company is committed to implementing sustainable
menjalankan program pengembangan dan pemberdayaan                       Community Development programs to empower surrounding
masyarakat (Community Development) secara berkelanjutan agar            communities to become more independent, prosperous, and
masyarakat sekitar dapat tumbuh lebih mandiri, sejahtera, dan           competitive.
berdaya saing.

Program ini merupakan bagian dari Tanggung Jawab Sosial dan             This program is part of the Company’s Social and Environmental
Lingkungan (TJSL) yang disusun berdasarkan kebutuhan masyarakat         Responsibility (TJSL), which is developed based on community
melalui proses identifikasi dan penilaian dampak. Fokus utama            needs through identification and impact assessment processes.
Community Development meliputi peningkatan kapasitas ekonomi,           The main focus of Community Development includes enhancing
penguatan kelembagaan masyarakat, serta pengembangan                    economic capacity, strengthening community institutions, and
keterampilan dan kemandirian warga. Dalam pelaksanaannya,               developing skills and independence among community members.
program Community Development Perseroan mendukung beberapa              In its implementation, the Company’s Community Development
Tujuan Pembangunan Berkelanjutan (TPB).                                 programs support several Sustainable Development Goals (SDGs).




Pada tahun 2025, SSMS mengalokasikan anggaran sebesar Rp533,47          In 2025, SSMS allocated a budget of IDR533.47 million for various
Juta untuk berbagai program pemberdayaan dan pengembangan               community empowerment and development programs, which
masyarakat, yang mencakup:                                              include:



   PEMBERDAYAAN MASYARAKAT
   BERBASIS POTENSI LOKAL
   COMMUNITY EMPOWERMENT
   BASED ON LOCAL POTENTIAL




PT Sawit Sumbermas Sarana Tbk (SSMS) secara konsisten                   PT Sawit Sumbermas Sarana Tbk (SSMS) consistently implements
menjalankan program pemberdayaan masyarakat berbasis potensi            community empowerment programs based on local potential as
lokal sebagai bagian dari komitmen untuk meningkatkan kemandirian       part of its commitment to enhancing economic independence and
ekonomi dan kualitas hidup masyarakat di sekitar wilayah operasional.   improving the quality of life of communities in its operational areas.
Program ini tidak hanya berfokus pada pemberian bantuan, tetapi         The program focuses not only on providing assistance but also on
juga pada pendampingan dan pembinaan berkelanjutan guna                 continuous mentoring and capacity building to ensure communities
memastikan masyarakat mampu berkembang secara mandiri dan               can develop independently and sustainably.
berkelanjutan.




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                                                                                                 Tanggung Jawab Lingkungan dan Sosial
                                                                                                  Environmental and Social Responsibility




   PROGRAM INKLUSI SISWA SLB
   SPECIAL NEEDS STUDENT
   INCLUSION PROGRAM




PT Sawit Sumbermas Sarana Tbk (SSMS) bekerja sama dengan                 PT Sawit Sumbermas Sarana Tbk (SSMS) collaborates with SLB
SLB Negeri 2 Pangkalan Bun dalam Program Inklusi Disabilitas             Negeri 2 Pangkalan Bun in a Disability Inclusion Program by providing
melalui pelatihan keterampilan seni dan kerajinan seperti dream          training in arts and crafts such as dream catchers, string art, and
catcher, string art, dan batik, serta penyediaan alat dan bahan secara   batik, along with continuous support through tools and materials.
berkelanjutan. Program ini berhasil meningkatkan keterampilan dan        This program has enhanced the skills and confidence of special
kepercayaan diri siswa berkebutuhan khusus, sekaligus membuka            needs students, while creating economic opportunities and
peluang ekonomi dan mendorong prestasi di tingkat daerah.                encouraging achievements at the regional level.



   KELOMPOK KERAJINAN PURUN DAN
   KELOMPOK JAHIT DI DESA NATAI BARU
   PURUN HANDICRAFT AND SEWING
   GROUPS IN NATAI BARU VILLAGE




PT Sawit Sumbermas Sarana Tbk (SSMS) mendukung pemberdayaan              PT Sawit Sumbermas Sarana Tbk (SSMS) supports creative economy
ekonomi kreatif dan perempuan melalui pembinaan Kelompok                 and women empowerment through the development of the “Karya
Kerajinan Purun “Karya Bhakti” dan Kelompok Jahit di Desa                Bhakti” Purun Handicraft Group and the Sewing Group in Natai Baru
Natai Baru. Program ini mencakup pelatihan, bantuan peralatan,           Village. The program includes training, equipment support, and
serta dukungan pemasaran untuk menghasilkan produk bernilai              marketing assistance to produce value-added products such as
tambah seperti kerajinan purun dan produk tekstil. Inisiatif ini         purun crafts and textile goods. This initiative has enhanced skills,
berhasil meningkatkan keterampilan, membuka peluang usaha,               created business opportunities, and contributed to sustainable
serta mendorong peningkatan pendapatan masyarakat secara                 income growth for the community.
berkelanjutan.



   KWT MANDIRI BERSATU
   MANDIRI BERSATU WOMEN
   FARMERS GROUP (KWT)




PT Sawit Sumbermas Sarana Tbk (SSMS) mendorong pemberdayaan              PT Sawit Sumbermas Sarana Tbk (SSMS) promotes economic
ekonomi dan ketahanan pangan melalui pembinaan Kelompok                  empowerment and food security through the development of
Wanita Tani (KWT) “Mandiri Bersatu” di Kelurahan Sidorejo dengan         the “Mandiri Bersatu” Women Farmers Group (KWT) in Sidorejo,
inovasi produk teh bunga telang, yang didukung pelatihan, peralatan,     featuring innovative butterfly pea tea products supported by training,
dan pemasaran. Selain itu, Perseroan juga mendukung budidaya             equipment, and marketing assistance. In addition, the Company
ayam kampung dan ikan air tawar melalui penyediaan bibit, pakan,         supports poultry and freshwater fish farming through the provision of

                                                                                                        PT Sawit Sumbermas Sarana Tbk       303
Page 304
dan pendampingan teknis. Program ini berhasil meningkatkan            seeds, feed, and technical guidance. This program has successfully
pendapatan masyarakat sekaligus memperkuat ketahanan pangan           increased community income while strengthening local food security
lokal secara berkelanjutan.                                           in a sustainable manner.



   KELOMPOK HORTIKULTURA
   HORTICULTURE GROUP




PT Sawit Sumbermas Sarana Tbk (SSMS) mengembangkan program            PT Sawit Sumbermas Sarana Tbk (SSMS) develops horticulture
hortikultura di Desa Sumber Cahaya melalui budidaya semangka,         programs in Sumber Cahaya Village through the cultivation
cabai, tomat, dan sayuran dengan dukungan bibit unggul, pupuk,        of watermelon, chili, tomatoes, and vegetables, supported by
serta pelatihan pertanian berkelanjutan. Program ini masih dalam      high-quality seeds, fertilizers, and sustainable farming training.
pendampingan aktif untuk memastikan kemandirian kelompok, dan         The program remains under active mentoring to ensure group
telah memberikan dampak positif berupa peningkatan keterampilan,      independence and has delivered positive impacts in terms of
peluang usaha, serta pendapatan masyarakat. Melalui pendekatan        improved skills, business opportunities, and increased community
ini, Perseroan mendorong terbentuknya kelompok usaha lokal yang       income. Through this approach, the Company fosters the
mandiri dan berdaya saing secara berkelanjutan.                       development of independent and competitive local business groups
                                                                      in a sustainable manner.



   KELOMPOK TANI SRI REJEKI DESA SAMUJAYA
   SRI REJEKI FARMERS GROUP
   IN SAMUJAYA VILLAGE




Kelompok Tani Sri Rejeki di Desa Samujaya, Kecamatan Lamandau,        The Sri Rejeki Farmers Group in Samujaya Village, Lamandau District,
melaksanakan panen perdana hortikultura siklus kedua pada 5           conducted its second-cycle horticulture harvest on November 5,
November 2025 sebagai bagian dari program CSR PT Sawit Mandiri        2025, as part of the CSR program of PT Sawit Mandiri Lestari (SML).
Lestari (SML). Panen menghasilkan berbagai komoditas seperti cabai,   The harvest produced various commodities such as chili, eggplant,
terong, kacang panjang, timun, dan kangkung, serta melibatkan         long beans, cucumbers, and water spinach, with participation from
dukungan perusahaan, pemerintah, dan dinas terkait. Program ini       the Company, local government, and agricultural authorities. This
bertujuan meningkatkan keterampilan dan produktivitas petani          program aims to enhance farmers’ skills and productivity through
melalui pelatihan, penyediaan sarana produksi, serta pendampingan     training, provision of agricultural inputs, and assistance from
hingga pemasaran, sehingga mendorong kemandirian ekonomi dan          cultivation to marketing, thereby promoting economic independence
ketahanan pangan lokal secara berkelanjutan.                          and strengthening sustainable local food security.




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                                                                                         Tanggung Jawab Lingkungan dan Sosial
                                                                                          Environmental and Social Responsibility




   PROGRAM PEMBERDAYAAN
   HORTIKULTURA DESA MEKAR MULYA
   HORTICULTURE EMPOWERMENT
   PROGRAM IN MEKAR MULYA VILLAGE




Program CSR PT Sawit Sumbermas Sarana Tbk (SSMS) pada             PT Sawit Sumbermas Sarana Tbk (SSMS) demonstrated positive
pilar pemberdayaan ekonomi menunjukkan hasil positif melalui      results in its CSR economic empowerment pillar through horticulture
pengembangan hortikultura di Desa Mekar Mulya bersama Kelompok    development in Mekar Mulya Village in collaboration with the Berkah
Tani Berkah Manunggal Jaya. Tiga program utama—Terong Ungu        Manunggal Jaya Farmers Group. The three main initiatives—Berkah
Berkah, Kacang Panjang Berkah, dan Buncis Berkah—berhasil         Eggplant, Berkah Long Beans, and Berkah Green Beans—successfully
meningkatkan produktivitas dan memberikan nilai ekonomi bagi      improved productivity and generated economic value through
masyarakat melalui hasil panen yang dipasarkan secara lokal.      locally marketed harvests. Despite challenges such as weather
Meskipun menghadapi tantangan seperti cuaca dan hama, program     conditions and pest attacks, the program remained effective through
ini tetap berjalan efektif berkat pendampingan teknis, sehingga   technical assistance, enhancing farmers’ skills, increasing income,
meningkatkan keterampilan petani, menambah pendapatan, serta      and strengthening local food security and sustainable agriculture-
memperkuat ketahanan pangan dan potensi pengembangan ekonomi      based economic development.
berbasis pertanian di desa.




                                                                                                PT Sawit Sumbermas Sarana Tbk       305
Page 306
Pengakuan Eksternal Terhadap
Program TJSL Perseroan
External Recognition Of Company’s SER Program

Sepanjang tahun 2025, Perseroan merealisasikan berbagai program     Throughout 2025, the Company realizes various TJSL programs. For
TJSL. Atas dedikasi dan konsistensinya itu, Perseroan meraih        its dedication and consistency, the Company won several awards
beberapa penghargaan yang merupakan pengakuan pihak eksternal       as the recognition from external parties for the Company’s CSR
Perseroan atas program-program CSR Perseroan, antara lain:          programs, including:




                  Februari 2025 | February, 2025                                         Juni 2025 | June, 2025
  SSMS menerima penghargaan sebagai: “Mitra Korporasi Peduli         SSMS berhasil meraih dua penghargaan sekaligus dalam TOP CSR
    2025” dari Yayasan Kesejahteraan Madani, sebagai bentuk          Awards 2025 yang diselenggarakan oleh Top Business di Jakarta.

                                                                                                    ⭐⭐⭐⭐
 apresiasi atas kolaborasi aktif perusahaan dalam kegiatan sosial                  Kedua penghargaan tersebut yaitu:
                        kemasyarakatan.                                            • TOP CSR Star 4 (           ) 2025
                                                                                • TOP Leader on CSR Commitment 2025
  SSMS received the “Caring Corporate Partner 2025” award from
  Yayasan Kesejahteraan Madani, in recognition of the Company’s      Penghargaan ini mencerminkan kekuatan strategi CSR Perseroan
      active collaboration in social and community initiatives.        serta kepemimpinan yang memiliki komitmen tinggi terhadap
                                                                                      pembangunan berkelanjutan.

                                                                    SSMS received two awards at the TOP CSR Awards 2025 organized

                                                                                                    ⭐⭐⭐⭐
                                                                            by Top Business in Jakarta. The awards include:
                                                                                   • TOP CSR Star 4 (          ) 2025
                                                                                • TOP Leader on CSR Commitment 2025

                                                                         These awards reflect the strength of the Company’s CSR
                                                                      strategy and its leadership’s strong commitment to sustainable
                                                                                               development.




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                                                                                          Tanggung Jawab Lingkungan dan Sosial
                                                                                           Environmental and Social Responsibility




                   5 Juni 2025 | June 5, 2025                                  30 September 2025 | September 30, 2025

      SSMS meraih penghargaan dari Pemerintah Kabupaten                 SSMS meraih Silver Champion CSR pada ajang BISRA (Bisnis
Kotawaringin Barat pada peringatan Hari Lingkungan Hidup Sedunia       Indonesia CSR Awards) 2025 yang diselenggarakan oleh Bisnis
 2025 atas kepeduliannya dalam menjalankan Program Pelestarian      Indonesia di Jakarta. Penghargaan ini diberikan kepada perusahaan
                          Lingkungan.                                yang dinilai berhasil menjalankan program CSR secara inovatif dan
                                                                                              berdampak luas.
     SSMS received an award from the Kotawaringin Barat
  Regency Government during the 2025 World Environment Day              SSMS received the Silver Champion CSR award at the BISRA
commemoration, in recognition of its commitment to implementing      (Bisnis Indonesia CSR Awards) 2025 organized by Bisnis Indonesia
            Environmental Preservation programs.                         in Jakarta. This award is given to companies recognized for
                                                                         implementing innovative CSR programs with broad impact.




         24–25 November 2025 | November 24-25, 2025                                 Desember 2025 | December 2025

SSMS meraih dua penghargaan kategori Gold pada CSR Indonesia           SSMS meraih penghargaan dengan predikat Gold pada ajang
Awards 2026 yang diselenggarakan oleh MePRIndo Media Group di        Apresiasi Mitra Swasta “Orang Tua Asuh Cegah Stunting (Genting)”
         Jakarta. Kedua penghargaan tersebut, yaitu:                yang diberikan oleh Kementerian Kependudukan dan Pembangunan
          • Gold – Kategori Didaktita Pratama Unggul
                                                                     Keluarga sebagai bentuk pengakuan atas kontribusi SSMS dalam
             • Gold – Kategori Cipta Karya Mandiri
                                                                       mendukung percepatan penurunan stunting melalui program
Penghargaan ini menegaskan keberhasilan program CSR Perseroan                                   kemitraan.
    dalam bidang pendidikan dan pemberdayaan masyarakat.
                                                                       SSMS received a Gold award at the “Foster Parent to Prevent
 SSMS received two Gold awards at the CSR Indonesia Awards 2026     Stunting (Genting)” Private Sector Appreciation event organized by
organized by MePRIndo Media Group in Jakarta. The awards include:   the Ministry of Population and Family Development, in recognition
           • Gold – Didaktita Pratama Unggul Category                 of its contribution to accelerating stunting reduction through
              • Gold – Cipta Karya Mandiri Category                                        partnership programs.

    These awards highlight the success of the Company’s CSR
     programs in education and community empowerment.


                                                                                                 PT Sawit Sumbermas Sarana Tbk       307
Page 308
07

Laporan Keuangan
Financial Statements
Page 309

          
Page 310
PT Sawit Sumbermas Sarana Tbk.
dan ent it as anaknya/ and it s subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2025
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2025
and for the year ended with independent auditor’s report
Page 311
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                            PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
       LAPORAN KEUANGAN KONSOLIDASIAN                                                            CONSOLIDATED FINANCIAL STATEMENTS
         TANGGAL 31 DESEMBER 2025 DAN                                                                AS OF DECEMBER 31, 2025 AND
          UNTUK TAHUN YANG BERAKHIR                                                                     FOR YEAR THEN ENDED
            PADA TANGGAL TERSEBUT                                                                WITH INDEPENDENT AUDITOR’S REPORT
      BESERTA LAPORAN AUDITOR INDEPENDEN


                                  Daftar Isi                                                                    Table of Contents


                                                                            Halaman/
                                                                             Page

Surat Pernyataan Direksi                                                                                       Board of Directors’ Statement Letter

Laporan Auditor Independen                                                                                             Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian.....................                    1-3        …..........Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                                               Consolidated Statement of Profit or Loss
    Komprehensif Lain Konsolidasian.........................                  4-5         ......................... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian .................                       6        .….…… Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian .................................               7-8       .….…………… Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan                                                                                                     Notes to the Consolidated
    Konsolidasian .......................................................    9 - 170 .............................................. Financial Statements



                                                                      ************************
Page 312

          
Page 313
                                                                        The original report included herein is in the Indonesian language.




Laporan Audit or Independen                                        Independent Audit or’s Report

Laporan No.                   00365/ 2.1505/ AU.1/ 01/ 1814-       Report            No.         00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026                                                    1/ 1/ III/ 2026



Pemegang Saham, Dewan Komisaris, dan Direksi                       The   Shareholders   and     t he                     Boards         of
PT Sawit Sumbermas Sarana Tbk.                                     Commissioners and Direct ors
                                                                   PT Sawit Sumbermas Sarana Tbk.

Opini                                                              Opinion

Kami telah mengaudit laporan keuangan                              We have audited the accompanying consolidated
konsolidasian PT Sawit Sumbermas Sarana Tbk.                       financial statements of PT Sawit Sumbermas
(“ Perusahaan” ) dan entitas anaknya (secara                       Sarana Tbk. (the “ Company” ) and it s subsidiaries
kolektif disebut sebagai “ Grup” ) terlampir, yang                 (collectively referred to as the “ Group” ), which
terdiri dari laporan posisi keuangan konsolidasian                 comprise the consolidated statement of financial
tanggal 31 Desember 2025, serta laporan laba                       position as of December 31, 2025, and the
rugi dan penghasilan komprehensif              lain                consolidated statement of profit or loss and other
konsolidasian,     laporan    perubahan    ekuitas                 comprehensive income, consolidated statement of
konsolidasian, dan laporan arus kas konsolidasian                  changes in equity, and consolidated statement of
untuk tahun yang berakhir pada tanggal tersebut,                   cash flows for the year then ended, and notes to
serta     catatan     atas    laporan    keuangan                  the consolidated financial statements, including
konsolidasian, termasuk informasi kebijakan                        material accounting policy information.
akuntansi material.

Menurut     opini   kami,   laporan    keuangan                    In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,                   financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan                     respects, the consolidated financial position of
konsolidasian Grup tanggal 31 Desember 2025,                       the Group as of December 31, 2025 and its
serta kinerja keuangan dan arus kas konsolidasian                  consolidated financial performance and cash flows
nya untuk tahun yang berakhir pada tanggal                         for the year then ended, in accordance with
tersebut, sesuai dengan Standar Akuntansi                          Indonesian Financial Accounting Standards.
Keuangan di Indonesia.




 KAP Purwanto Susanti dan Surja
 Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
                                                               i
 A member firm of Ernst & Young Global Limited
Page 314
                                                             The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                  Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-               Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                               1/ 1/ III/ 2026 (continued)


Basis opini                                              Basis for opinion

Kami melaksanakan audit kami berdasarkan                 We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut              Standards on Auditing established by the
Akuntan Publik Indonesia (“ IAPI” ). Tanggung            Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan            (“ IICPA” ). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab               standards are further described in the Auditor’s
Auditor terhadap Audit atas Laporan Keuangan             Responsibilit ies for the Audit of the Consolidated
Konsolidasian pada laporan kami.            Kami         Financial St atements paragraph of our report.
independen      terhadap   Grup     berdasarkan          We are independent of the Group in accordance
ketentuan etika yang relevan dalam audit kami            with the ethical requirements relevant to our audit
atas laporan keuangan konsolidasian di Indonesia,        of the consolidated financial statements in
dan kami telah memenuhi tanggung jawab etika             Indonesia, and we have fulfilled our other
lainnya berdasarkan ketentuan tersebut. Kami             ethical responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh          requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu           we have obt ained is sufficient and appropriate to
basis bagi opini kami.                                   provide a basis for our opinion.

Hal audit ut ama                                         Key audit mat t ers

Hal audit utama adalah hal-hal yang, menurut             Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal             professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas             our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal         of t he current period. Such key audit mat t ers were
audit utama tersebut disampaikan dalam konteks           addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian           consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini           and in forming our opinion thereon, and we do not
kami atas laporan keuangan konsolidasian terkait,        provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah           matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit           description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang              audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.




                                                    ii
 A member firm of Ernst & Young Global Limited
Page 315
                                                               The original report included herein is in the Indonesian language.



Laporan Audit or Independen (lanjut an)                   Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-                Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                                1/ 1/ III/ 2026 (continued)

Hal audit Ut ama (lanjut an)                              Key audit mat t ers (cont inued)

Kami telah memenuhi tanggung jawab yang                   We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab                   the Auditor’s Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan              Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                 our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                    matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,            audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang             designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas              of material misst atement of the accompanying
risiko kesalahan penyajian material dalam laporan         consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur          our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan              performed to address the key audit matter below,
untuk merespons hal audit utama di bawah ini,             provide the basis for our opinion on the
menyediakan basis bagi opini kami atas laporan            accompanying consolidated financial statements.
keuangan konsolidasian terlampir.

Pengakuan pendapatan                                      Revenue recognition

Penjelasan atas hal audit utama:                          Description of the key audit matter:

Pendapatan Grup untuk tahun yang berakhir pada            The Group’s revenue for t he year ended December
31 Desember 2025 sebesar Rp14,8 triliun                   31, 2025 amounting to Rp14.8 trillion was mainly
terutama merupakan penjualan produk minyak                arising from the sales of Crude Palm Oil and it s
sawit mentah dan produk turunannya. Hal ini               derivative product s. It is an important measure to
merupakan ukuran penting yang digunakan untuk             evaluate the Group’s performance and is the main
mengevaluasi kinerja Grup dan merupakan                   driver of profitability. The revenue is recognized
pendorong utama profitabilitas. Pendapatan                when control of the goods is transferred to the
yang diakui pada saat pengendalian atas barang            customers at a point in time, at an amount that
telah dialihkan kepada pelanggan pada waktu               reflects the consideration to which the Group
tertentu, sebesar jumlah yang mencerminkan                expects to be entit led in exchange for those goods.
imbalan yang diharapkan Grup dapat diperoleh
sebagai pertukaran barang tersebut.

Pendapatan mungkin diakui dan diukur secara               Revenue may be inappropriately recognized and
tidak tepat untuk meningkatkan hasil usaha dan            measured in order to improve business results and
mencapai pertumbuhan pendapatan sejalan                   achieve revenue growth in line with the objectives
dengan tujuan Grup. Karena signifikansi                   of the Group. Due to its financial significance, and
keuangan dan tingginya volume transaksi,                  high volume of transactions, misstatement in
kesalahan penyajian atas pendapatan dapat                 revenue can have a substantial impact on the
memiliki dampak substansial pada laporan                  overall consolidated financial statements and the
keuangan konsolidasian secara keseluruhan dan             decisions made by stakeholders. Accordingly,
keputusan yang dibuat oleh para pemangku                  revenue recognition is a key audit matter to us.
kepentingan. Oleh karena itu, pengakuan                   Note 2s and 28 to the accompanying consolidated
pendapatan merupakan hal audit utama bagi                 financial statements provide the relevant
kami. Catatan 2s dan 28 atas laporan keuangan             disclosures on the Group’s revenue.
konsolidasian      terlampir      memberikan
pengungkapan yang relevan terkait pendapatan
Grup.
                                                    iii
 A member firm of Ernst & Young Global Limited
Page 316
                                                             The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                 Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-              Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                              1/ 1/ III/ 2026 (continued)


Hal audit Ut ama (lanjut an)                            Key audit mat t ers (cont inued)

Pengakuan pendapatan (lanjutan)                         Revenue recognition (continued)

Penjelasan atas hal audit utama (lanjutan):             Description of the key audit matter (continued):

Respons audit:                                          Audit response:

Kami mengevaluasi dan menguji rancangan dan             We evaluated and assessed the design and
efektivitas pengendalian utama atas proses              operating effectiveness of the key controls over the
pendapatan. Atas dasar sampel, kami melakukan           revenue process. On a sample basis, we performed
pengujian rinci atas pengakuan pendapatan               test of detail of revenue transactions by verifying
dengan melakukan verifikasi ke dokumen                  the supporting documents to ensure their
pendukungnya untuk memastikan keterjadian               occurrence and whether they have been
atas pendapatan serta telah diakui dan diukur           recognized and measured in accordance with the
sesuai dengan standar akuntansi yang berlaku.           applicable accounting standards. We performed
Kami melakukan pengujian rinci atas transaksi           test of detail of revenue transactions approaching
pendapatan menjelang dan tepat setelah tanggal          and immediately after December 31, 2025 to
31 Desember 2025 untuk memastikan bahwa                 ensure that revenues were recognized in the
pendapatan diakui pada periode yang tepat.              proper period.

Kami juga melakukan pengujian rinci dengan              We also performed test of details by identifying
mengidentifikasi akun-akun buku besar yang              which general ledger accounts are used to post
digunakan untuk mencat at entri jurnal antara           journal entries among revenue, trade receivables,
pendapatan, piutang usaha, serta kas dan bank,          and cash and bank and use correlation (journal
serta menggunakan korelasi (pencatatan entri            entry postings) among these accounts to
jurnal) di antara akun-akun tersebut untuk              reperform the posting of journal entries.      We
melakukan kembali (reperform) pencatatan entri          supplement ed this procedure by testing the
jurnal. Kami melengkapi prosedur ini dengan             information produced by the Group over cash
pengujian informasi yang dihasilkan oleh Grup           journal entries to ensure they are real cash from
atas entri jurnal kas untuk memastikan bahwa kas        customers. We also evaluated the appropriateness
tersebut adalah kas sebenarnya yang berasal dari        and adequacy of the presentation and the relevant
pelanggan. Kami juga mengevaluasi kesesuaian            disclosures related to revenue in the notes to the
dan kecukupan penyajian dan pengungkapan                accompanying consolidated financial statements
terkait pendapatan dalam catatan atas laporan
keuangan konsolidasian.

Informasi lain                                          Ot her informat ion

Manajemen bertanggung jawab atas informasi              Management is responsible for t he ot her
lain. Informasi lain terdiri dari informasi yang        information. Other information comprises the
tercantum dalam Laporan Tahunan 2025                    information included in the 2025 Annual Report
(“ Laporan Tahunan” ) selain laporan keuangan           (“ The Annual Report ” ) other than the
konsolidasian terlampir dan laporan auditor             accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan             and our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan         Annual Report is expected to be made available to
auditor independen ini.                                 us after the date of this independent auditor’s
                                                        report.




                                                   iv
 A member firm of Ernst & Young Global Limited
Page 317
                                                            The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-             Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                             1/ 1/ III/ 2026 (continued)


Informasi lain (lanjut an)                             Ot her informat ion (cont inued)

Opini kami atas laporan keuangan konsolidasian         Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan          financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk          Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan                  form of assurance on the Annual Report.
tersebut.

Sehubungan dengan audit kami atas laporan              In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung             consolidated        financial    statements,    our
jawab kami adalah untuk membaca Laporan                responsibilit y is to read the Annual Report when it
Tahunan     ketika   tersedia     dan,  dalam          becomes available and, in doing so, consider
melaksanaannya, mempertimbangkan apakah                whether the Annual Report is materially
Laporan          Tahunan           mengandung          inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan           financial statements or our knowledge obtained in
keuangan     konsolidasian    terlampir  atau          the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit,              misstated.
atau mengandung kesalahan penyajian material.

Ketika kami membaca Laporan Tahunan, jika              When we read the Annual Report, if we conclude
kami menyimpulkan bahwa terdapat suatu                 that there is a material misstatement therein, we
kesalahan penyajian material di dalamnya, kami         are required to communicate the matter to those
diharuskan    untuk   mengomunikasikan      hal        charged with governance and take appropriate
tersebut kepada pihak yang bertanggung jawab           actions based on the applicable laws and
atas tata kelola dan melakukan tindakan yang           regulations.
tepat   berdasarkan peraturan perundang-
undangan yang berlaku.

Tanggung jawab manajemen dan pihak yang                Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap       charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian                         financial st at ement s

Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation and
dan penyajian wajar        laporan keuangan            fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar           statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas              Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh         control as management determines is necessary to
manajemen untuk memungkinkan penyusunan                enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari         statements that are free from material
kesalahan penyajian material, baik yang                misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.




                                                   v
 A member firm of Ernst & Young Global Limited
Page 318
                                                              The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                  Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-               Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                               1/ 1/ III/ 2026 (continued)

Tanggung jawab manajemen dan pihak yang                  Responsibilit ies of management and t hose
bert anggung jawab at as t at a kelola t erhadap         charged wit h governance for t he consolidat ed
laporan keuangan konsolidasian (lanjut an)               financial st at ement s (cont inued)

Dalam      penyusunan       laporan     keuangan         In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab               management is responsible for assessing the
untuk    menilai    kemampuan       Grup   dalam         Group’s ability to continue as a going concern,
mempertahankan        kelangsungan     usahanya,         disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal-            concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha,            accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan             liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk          has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola            Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses                 overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.

Tanggung jawab audit or t erhadap audit at as            Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian                           consolidat ed financial st at ement s

Tujuan kami adalah untuk memeroleh keyakinan             Our objectives are to obt ain reasonable assurance
memadai tentang apakah laporan keuangan                  about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari              statements taken as a whole are free from material
kesalahan penyajian material, baik yang                  misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan,             to issue an independent auditor’s report that
dan untuk menerbitkan laporan auditor                    includes our opinion. Reasonable assurance
independen yang mencakup opini kami. Keyakinan           is a high level of assurance, but is not a guarantee
memadai merupakan suatu tingkat keyakinan                that an audit conducted in accordance with
tinggi, namun bukan merupakan suatu jaminan              Standards on Auditing established by the IICPA will
bahwa audit yang dilaksanakan berdasarkan                always detect a material misstatement when it
Standar Audit yang ditet apkan oleh IAPI akan            exists. Misstatement s can arise from fraud or error
selalu mendeteksi kesalahan penyajian material           and are considered material if, individually or in the
ketika hal tersebut ada. Kesalahan penyajian             aggregate, they could reasonably be expected to
dapat disebabkan oleh kecurangan maupun                  influence the economic decisions of users t aken on
kesalahan dan dianggap material jika, baik secara        the basis of these consolidated financial
individual maupun agregat, dapat diekspektasikan         statements.
secara wajar akan memengaruhi keputusan
ekonomi yang diambil oleh pengguna berdasarkan
laporan keuangan konsolidasian tersebut.




                                                    vi
 A member firm of Ernst & Young Global Limited
Page 319
                                                                    The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                        Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-                     Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                                     1/ 1/ III/ 2026 (continued)


Tanggung jawab audit or t erhadap audit at as                  Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian                                 consolidat ed financial st at ement s

Sebagai bagian dari suatu audit berdasarkan                    As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami                  Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                        professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                  skepticism throughout the audit. We also:
audit. Kami juga:

        Mengidentifikasi dan menilai risiko kesalahan            Ident ify and assess the risks of material
         penyajian material dalam laporan keuangan                 misstatement of the consolidated financial
         konsolidasian, baik yang disebabkan oleh                  statements, whether due to fraud or error,
         kecurangan maupun kesalahan, mendesain                    design and perform audit procedures
         dan melaksanakan prosedur audit yang                      responsive to such risks, and obtain audit
         responsif terhadap risiko tersebut, serta                 evidence that is sufficient and appropriate to
         memeroleh bukti audit yang cukup dan tepat                provide a basis for our opinion. The risk of not
         untuk menyediakan basis bagi opini kami.                  detecting a material misstatement resulting
         Risiko tidak terdeteksinya suatu kesalahan                from fraud is higher than for one resulting from
         penyajian material yang disebabkan oleh                   error, as fraud may involve collusion, forgery,
         kecurangan lebih tinggi dari yang disebabkan              intentional omissions, misrepresentations, or
         oleh kesalahan, karena kecurangan dapat                   override of internal control.
         melibatkan kolusi, pemalsuan, penghilangan
         secara sengaja, pernyataan salah, atau
         pengabaian atas pengendalian internal.

       Memeroleh suatu pemahaman tentang                         Obtain an understanding of internal control
        pengendalian internal yang relevan dengan                  relevant to the audit in order to design audit
        audit untuk mendesain prosedur audit yang                  procedures that are appropriate in the
        tepat sesuai dengan kondisinya, tetapi bukan               circumstances, but not for the purpose of
        untuk tujuan menyatakan opini atas                         expressing an opinion on t he effect iveness of
        keefektivitasan pengendalian internal Grup.                the Group’s internal control.

       Mengevaluasi ketepatan kebijakan akuntansi                Evaluate the appropriateness of accounting
        yang digunakan serta kewajaran estimasi                    policies used and the reasonableness of
        akuntansi dan pengungkapan terkait yang                    accounting estimates and related disclosures
        dibuat oleh manajemen.                                     made by management.




                                                         vii
    A member firm of Ernst & Young Global Limited
Page 320
                                                                    The original report included herein is in the Indonesian language.



Laporan Audit or Independen (lanjut an)                        Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-                     Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                                     1/ 1/ III/ 2026 (continued)



Tanggung jawab audit or t erhadap audit at as                  Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an)                     consolidat ed financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                    As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami                  Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                        professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                  skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                                   (continued)

       Menyimpulkan ketepatan penggunaan basis                   Conclude on       the appropriateness of
        akuntansi     kelangsungan      usaha    oleh              management's use of the going concern basis
        manajemen dan, berdasarkan bukti audit yang                of accounting and, based on the audit evidence
        diperoleh,     apakah     terdapat      suatu              obtained, whether a material uncertainty exists
        ketidakpastian material yang terkait dengan                related to events or conditions that may cast
        peristiwa    atau    kondisi    yang    dapat              significant doubt on the Group's ability to
        menyebabkan keraguan signifikan atas                       continue as a going concern. If we conclude
        kemampuan Grup untuk mempertahankan                        that a material uncertainty exists, we are
        kelangsungan usahanya.           Ketika kami               required to draw attention in our independent
        menyimpulkan      bahwa      terdapat   suatu              auditor’s report to the related disclosures in
        ketidakpastian material, kami diharuskan                   the consolidated financial statements or, if
        untuk menarik perhatian dalam laporan                      such disclosures are inadequate, to modify our
        auditor independen kami ke pengungkapan                    opinion. Our conclusion is based on the audit
        terkait dalam laporan keuangan konsolidasian               evidence obtained up to the date of our
        atau, jika pengungkapan tersebut tidak                     independent auditor’s report. However, future
        memadai,      memodifikasi      opini   kami.              events or conditions may cause the Group to
        Kesimpulan kami didasarkan pada bukti audit                cease to continue as a going concern.
        yang diperoleh hingga tanggal laporan auditor
        independen kami. Namun, peristiwa atau
        kondisi masa depan dapat menyebabkan Grup
        tidak dapat mempertahankan kelangsungan
        usaha.




                                                        viii
    A member firm of Ernst & Young Global Limited
Page 321
                                                                  The original report included herein is in the Indonesian language.




Laporan Audit or Independen (lanjut an)                      Independent Audit or’s Report (cont inued)

Laporan No. 00365/ 2.1505/ AU.1/ 01/ 1814-                   Report          No.      00365/ 2.1505/ AU.1/ 01/ 1814-
1/ 1/ III/ 2026 (lanjutan)                                   1/ 1/ III/ 2026 (continued)



Tanggung jawab audit or t erhadap audit at as                Audit or’s responsibilit ies for t he audit of t he
laporan keuangan konsolidasian (lanjut an)                   consolidat ed financial st at ement s (cont inued)

Sebagai bagian dari suatu audit berdasarkan                  As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami                Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan                      professional judgment and maintain professional
mempertahankan skeptisisme profesional selama                skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                                 (continued)

       Mengevaluasi penyajian, struktur, dan isi               Evaluate the overall presentation, structure,
        laporan keuangan konsolidasian secara                    and content of the consolidated financial
        keseluruhan, termasuk pengungkapannya,                   statements, including the disclosures, and
        dan apakah laporan keuangan konsolidasian                whether the consolidated financial statements
        mencerminkan transaksi dan peristiwa yang                represent the underlying transactions and
        mendasarinya dengan suatu cara yang                      events in a manner that achieves fair
        mencapai penyajian wajar.                                present ation.

        Memeroleh bukti audit yang cukup dan tepat             Obtain sufficient appropriate audit evidence
         terkait informasi keuangan entitas atau                 regarding the financial information of the
         aktivitas bisnis dalam Grup untuk menyatakan            entities or business activities within the Group
         opini atas laporan keuangan konsolidasian.              to express an opinion on the consolidated
         Kami bertanggung jawab atas arahan,                     financial statements. We are responsible for
         supervisi, dan pelaksanaan audit Grup. Kami             the direction, supervision, and performance of
         tetap bertanggung jawab sepenuhnya atas                 the group audit. We remain solely responsible
         opini audit kami.                                       for our audit opinion.

Kami mengomunikasikan kepada pihak yang                      We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,                 governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                     planned scope and timing of the audit and
direncanakan atas audit serta temuan audit                   significant audit findings, including any significant
signifikan, termasuk setiap defisiensi signifikan            deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi             during our audit.
oleh kami selama audit.

Kami juga memberikan suatu pernyataan kepada                 We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola                with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika yang               relevant     ethical requirements    regarding
relevan       mengenai      independensi,     dan            independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh               relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara            reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami,                independence, and where applicable, related
dan, jika relevan, pengamanan terkait.                       safeguards.




                                                        ix

    A member firm of Ernst & Young Global Limited
Page 322
A member firm of Ernst & Young Global Limited
Page 323
                                                                              The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

           PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
                 DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
               LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT
                      KONSOLIDASIAN                                                        OF FINANCIAL POSITION
                Tanggal 31 Desember 2025                                                   As of December 31, 2025
              (Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
                  kecuali dinyatakan lain)                                                 unless otherwise stated)

                                                                        Disajikan Kembali - Catatan 4/
                                                                             As restated - Note 4

                                                                                         1 Januari 2024/
                                                                                         January 1, 2024
                                                 31 Desember/       31 Desember/          31 Desember/
                                     Catatan/    December 31,       December 31,          December 31,
                                      Notes          2025               2024                  2023

ASET                                                                                                                                 ASSETS

ASET LANCAR                                                                                                              CURRENT ASSETS
Kas dan setara kas                      5           874.059.881          1.180.286.182       1.237.290.419         Cash and cash equivalents
Piutang usaha                                                                                                               Trade receivables
   Pihak berelasi                      33a          782.333.073           430.726.402         551.151.620                   Related parties
   Pihak ketiga                         6           113.412.231            27.472.904          43.034.252                      Third parties
Piutang lain-lain                                                                                                           Other receivables
   Pihak berelasi                      33a          364.029.302           572.525.837         323.657.538                   Related parties
   Pihak ketiga                         7           249.555.322            17.532.166          16.306.374                      Third parties
Persediaan                              8           926.163.809           793.538.217         799.296.135                           Inventories
Aset biologis                           9           413.859.388           478.921.005         269.654.549                    Biological assets
Biaya dibayar dimuka                    10            4.860.153             4.266.146           2.444.276                        Prepayments
Uang muka                                                                                                                            Advances
   Pihak ketiga                        11           197.216.226           682.915.273         167.870.266                      Third parties
   Pihak berelasi                    11,33a         197.103.496            28.303.530          68.871.390                   Related parties
Pajak dibayar di muka                 20a           401.796.764           301.051.005         173.391.823                       Prepaid taxes
Pinjaman kepada pihak berelasi        33a         1.376.020.043            51.190.924         475.623.562              Loan to related parties
Taksiran tagihan restitusi pajak -                                                                             Estimated claim for tax refund -
   jangka pendek                       20b                    -                     -             692.538                           current
Aset lancar lainnya                     17              839.957           643.767.663         888.190.872                Other current assets

TOTAL ASET LANCAR                                 5.901.249.645          5.212.497.254       5.017.475.614       TOTAL CURRENT ASSETS


ASET TIDAK LANCAR                                                                                                  NON-CURRENT ASSETS
Taksiran tagihan restitusi pajak -                                                                            Estimated claims for tax refund -
   jangka panjang                      20c          472.592.841           298.896.361         171.280.506                       non-current
Pinjaman jangka panjang kepada
   pemegang saham yang dapat                                                                                       Long-term convertible loan
   dikonversi                          33                       -                    -        219.473.951                  to a shareholder
Aset tetap dan tanaman                                                                                                       Fixed assets and
   produktif                           12         5.741.823.597          4.909.842.297       4.949.943.542                     bearer plants
Aset tak berwujud                      14             4.740.983              3.898.066           6.588.822                   Intangible assets
Aset hak guna                          13           305.618.054            101.809.679         107.880.726                Right of use assets
Investasi saham pada                                                                                               Investment in shares of an
   perusahaan asosiasi                  15          525.653.319           550.419.743         591.891.284              associated company
Aset pajak tangguhan                   20g          204.573.970           187.824.862         142.786.096                 Deferred tax assets
Piutang plasma                                                                                                            Plasma receivables
   setelah dikurangi dengan                                                                                                after net-off with
   penyisihan penurunan nilai                                                                                     allowance for impairment
   Rp34.472.834                                                                                                              Rp34,472,834
   (2024: Rp27.755.873, dan                                                                                      (2024: Rp27,755,873, and
    2023: Rp37.274.799)                16           400.144.511           450.283.638         593.231.800             2023: Rp37,274,799)
Aset tidak lancar lainnya              17            27.576.882           155.646.325         143.443.099            Other non-current assets

TOTAL ASET TIDAK LANCAR                           7.682.724.157          6.658.620.971       6.926.519.826   TOTAL NON-CURRENT ASSETS

TOTAL ASET                                       13.583.973.802         11.871.118.225      11.943.995.440                   TOTAL ASSETS




       Catatan atas laporan keuangan konsolidasian terlampir                     The accompanying notes to the consolidated financial
              merupakan bagian integral dari laporan                             statements form an integral part of these consolidated
                      keuangan konsolidasian.                                                    financial statements.

                                                                    1
Page 324
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
              LAPORAN POSISI KEUANGAN                                                 CONSOLIDATED STATEMENT
               KONSOLIDASIAN (lanjutan)                                           OF FINANCIAL POSITION (continued)
               Tanggal 31 Desember 2025                                                 As of December 31, 2025
             (Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
                 kecuali dinyatakan lain)                                               unless otherwise stated)


                                                                     Disajikan Kembali - Catatan 4/
                                                                          As restated - Note 4

                                                                                      1 Januari 2024/
                                                                                      January 1, 2024
                                                31 Desember/     31 Desember/          31 Desember/
                                    Catatan/    December 31,     December 31,          December 31,
                                     Notes          2025             2024                  2023

LIABILITAS DAN EKUITAS                                                                                        LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                          CURRENT LIABILITIES
Utang usaha                                                                                                                 Trade payables
   Pihak ketiga                        18          530.508.890        303.690.105          279.793.618                       Third parties
   Pihak berelasi                     33b          219.548.542         85.744.054           61.185.960                    Related parties
Utang lain-lain                                                                                                              Other payables
   Pihak ketiga                        18          411.850.231        398.306.812          740.276.157                       Third parties
   Pihak berelasi                     33b           86.023.482         41.910.784           36.733.613                    Related parties
Liabilitas kontrak                                                                                                        Contract liabilities
   Pihak ketiga                       19            71.910.870        149.275.799            62.478.492                      Third parties
   Pihak berelasi                      19            6.750.000         95.891.000             2.000.000                   Related parties
Utang pajak                           20d          272.227.629        126.103.682            23.945.223                      Taxes payable
Beban akrual                           21           56.748.335        167.054.235            66.327.664                  Accrued expenses
Liabilitas sewa jangka panjang                                                                                         Current maturities of
    jatuh tempo dalam satu tahun      13            64.678.069          13.604.681           13.138.714     of long-term lease liabilities
Liabilitas sewa pembiayaan                                                                                             Current maturities of
   jatuh tempo dalam satu tahun       23            11.196.702           6.254.118              399.347           finance lease liabilites
Liabilitas imbalan kerja                                                                                     Short-term employee benefit
   karyawan jangka pendek             24           192.677.277         159.070.367          147.986.415                          liabilities
Utang bank jangka pendek              22         1.698.144.691       2.195.100.881        2.437.341.526                Short-term bank loan
Utang bank jangka panjang                                                                                              Current maturities of
  jatuh tempo dalam satu tahun        22           991.075.964       1.009.228.617         913.814.430               long-term bank loan

TOTAL LIABILITAS
  JANGKA PENDEK                                  4.613.340.682       4.751.235.135        4.785.421.159   TOTAL CURRENT LIABILITIES


LIABILITAS JANGKA PANJANG                                                                                   NON-CURRENT LIABILITIES
Utang bank jangka panjang -
   setelah dikurangi bagian jatuh                                                                                   Long-term bank loan -
   tempo dalam satu tahun             22         5.449.503.968       3.876.810.788        4.861.241.038         net of current maturities
Liabilitas sewa jangka panjang        13           208.546.576          76.793.597           64.545.307          Long-term lease liabilities
Liabilitas imbalan kerja                                                                                      Long-term employee benefit
   karyawan jangka panjang             24          276.409.718        201.981.595          198.297.706                          liabilites
Liabilitas pajak tangguhan            20g           94.711.058         79.528.849           38.195.747               Deferred tax liabilities

TOTAL LIABILITAS                                                                                                 TOTAL NON-CURRENT
  JANGKA PANJANG                                 6.029.171.320       4.235.114.829        5.162.279.798                 LIABILITIES

TOTAL LIABILITAS                                10.642.512.002       8.986.349.964        9.947.700.957              TOTAL LIABILITIES




      Catatan atas laporan keuangan konsolidasian terlampir                   The accompanying notes to the consolidated financial
             merupakan bagian integral dari laporan                           statements form an integral part of these consolidated
                     keuangan konsolidasian.                                                  financial statements.

                                                                 2
Page 325
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
              LAPORAN POSISI KEUANGAN                                                    CONSOLIDATED STATEMENT
               KONSOLIDASIAN (lanjutan)                                              OF FINANCIAL POSITION (continued)
               Tanggal 31 Desember 2025                                                    As of December 31, 2025
             (Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
                 kecuali dinyatakan lain)                                                  unless otherwise stated)

                                                                       Disajikan Kembali - Catatan 4/
                                                                            As restated - Note 4

                                                                                         1 Januari 2024/
                                                                                         January 1, 2024
                                                31 Desember/       31 Desember/           31 Desember/
                                     Catatan/   December 31,       December 31,           December 31,
                                      Notes         2025               2024                   2023

EKUITAS                                                                                                                               EQUITY
Ekuitas yang dapat                                                                                                       Equity attributable to
  diatribusikan kepada                                                                                                     owners equity of
  pemilik entitas induk                                                                                                    the parent entity
Modal saham                                                                                                                      Share capital
  Modal dasar - 32.100.000.000                                                                                                  Authorized -
      lembar saham                                                                                              32,100,000,000 shares
      nilai nominal Rp100                                                                                      at par value per share of
      (nilai penuh) per saham                                                                                       Rp100 (full amount)
  Modal ditempatkan dan disetor                                                                                      Issued and fully paid -
      penuh - 9.525.000.000 lembar                                                                                        9,525,000,000
      saham                            25a          952.500.000           952.500.000         952.500.000                         shares
Tambahan modal disetor                  26       (3.936.675.293)       (2.852.050.343)     (2.852.050.343)           Additional paid-in capital
Selisih transaksi dengan pihak                                                                                 Difference in transactions with
  non-pengendali                       27           89.113.603            89.113.603           89.113.603            non-controlling parties
Saldo laba                                                                                                                 Retained earnings
  Sudah ditentukan penggunaannya       25d       2.228.008.453          1.858.474.778       1.340.160.714                      Appropriated
  Belum ditentukan penggunaannya                 2.620.224.595          2.280.648.313       1.979.428.701                   Unappropriated
Penghasilan komprehensif lain                      634.170.974            609.411.860         551.074.272      Other comprehensive income
Komponen ekuitas lainnya                          (309.619.637)          (309.619.637)       (309.619.637)            Other equity component
Ekuitas merging entities                                     -             (6.589.083)          6.332.423              Merging entities equity

Ekuitas yang dapat                                                                                                      Equity attributable to
  diatribusikan kepada                                                                                                           owners of
      pemilik entitas induk                      2.277.722.695          2.621.889.491       1.756.939.733                 the parent entity
Kepentingan non-pengendali             25e         663.739.105            262.878.770         239.354.750            Non-controlling interests

TOTAL EKUITAS                                    2.941.461.800          2.884.768.261       1.996.294.483                    TOTAL EQUITY

TOTAL LIABILITAS                                                                                                        TOTAL LIABILITIES
  DAN EKUITAS                                   13.583.973.802         11.871.118.225      11.943.995.440                  AND EQUITY




     Catatan atas laporan keuangan konsolidasian terlampir                       The accompanying notes to the consolidated financial
       merupakan bagian integral dari laporan keuangan                           statements form an integral part of these consolidated
                         konsolidasian.                                                          financial statements.

                                                                   3
Page 326
                                                                             The original consolidated financial statements included herein
                                                                                                               are in Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
      LAPORAN LABA RUGI DAN PENGHASILAN                                    CONSOLIDATED STATEMENT OF PROFIT OR LOSS
       KOMPREHENSIF LAIN KONSOLIDASIAN                                         AND OTHER COMPREHENSIVE INCOME
           Untuk tahun yang Berakhir pada                                       For the year Ended December 31, 2025
             Tanggal 31 Desember 2025                                            (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
               kecuali dinyatakan lain)

                                           Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                     For the years ended December 31,

                                                                              Disajikan Kembali
                                                                                 - Catatan 4/
                                      Catatan/                                  As restated -
                                       Notes                 2025                    2024
PENDAPATAN DARI KONTRAK                                                                                       REVENUE FROM
  DENGAN PELANGGAN                       28            14.813.170.793             10.366.799.435 CONTRACTS WITH CUSTOMERS
BEBAN POKOK PENJUALAN                    29            (9.638.245.516)            (7.088.221.765)             COST OF SALES
LABA BRUTO                                              5.174.925.277              3.278.577.670                         GROSS PROFIT

Beban penjualan                          30            (1.463.606.360)              (904.991.243)                      Selling expenses
Beban umum dan administrasi              30            (1.111.189.076)              (946.326.561) General and administrative expenses
(Kerugian)/keuntungan atas                                                                                 (Loss)/gain from changes in
  nilai wajar aset biologis               9                  (111.115.932)           209.266.456       fair value of biological assets
Pendapatan lain-lain                     30                    58.531.394            129.709.636                          Other income
LABA USAHA                                              2.547.545.303              1.766.235.958                   OPERATING PROFIT
Pendapatan keuangan                      31                96.168.574                108.610.664                          Finance income
Beban keuangan                           31              (691.786.609)              (620.193.284)                           Finance costs
Bagian kerugian atas                                                                                                  Equity in net losses
  entitas asosiasi                       15                  (24.766.424)            (41.471.541)                 of an associate entity
LABA SEBELUM                                                                                            PROFIT BEFORE CORPORATE
  PAJAK PENGHASILAN BADAN                               1.927.160.844              1.213.181.797                    INCOME TAX

PAJAK PENGHASILAN BADAN                 20e              (534.525.859)              (381.411.917)           CORPORATE INCOME TAX
LABA TAHUN BERJALAN                                                                                   PROFIT FOR THE YEARS AFTER
  SETELAH EFEK                                                                                                        EFFECT OF
  PENYESUAIAN PROFORMA                                  1.392.634.985                831.769.880        PROFORMA ADJUSTMENT

Efek penyesuaian proforma                                (190.035.229)                12.921.506           Effect of proforma adjustment

LABA TAHUN BERJALAN                                                                              PROFIT FOR THE YEARS BEFORE
  SEBELUM EFEK                                                                                                    EFFECT OF
  PENYESUAIAN PROFORMA                                  1.202.599.756                844.691.386     PROFORMA ADJUSTMENT
PENGHASILAN KOMPREHENSIF                                                                                     OTHER COMPREHENSIVE
  LAIN, SETELAH PAJAK                                                                                          INCOME, NET OF TAX
Pos yang tidak akan                                                                                                   Item that will not be
  direklasifikasi ke laba rugi                                                                             reclassified to profit or loss
  Pengukuran kembali                                                                                                 Remeasurements
     (kerugian)/keuntungan atas                                                                            (loss)/gain on liability for
     liabilitas imbalan kerja                                 (4.295.299)             32.237.860                  employee benefits
  Selisih kurs                                                                                          Difference in foreign currency
     penjabaran laporan keuangan                              36.242.970              31.850.976 translation of financial statements
                                                              31.947.671              64.088.836
TOTAL LABA KOMPREHENSIF                                                                                      TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                        1.234.547.427                908.780.222           INCOME FOR THE YEARS
Efek penyesuaian proforma                                                                                  Effect of proforma adjustment
  atas penghasilan                                                                                          from other comprehensive
  komprehensif lain                                              621.616                         -                             income
TOTAL LABA KOMPREHENSIF                                                                          TOTAL COMPREHENSIVE INCOME
  TAHUN BERJALAN SETELAH                                                                               FOR THE YEARS AFTER
  PENYESUAIAN PROFORMA                                  1.235.169.043                908.780.222     PROFORMA ADJUSTMENT



     Catatan atas laporan keuangan konsolidasian terlampir                      The accompanying notes to the consolidated financial
       merupakan bagian integral dari laporan keuangan                          statements form an integral part of these consolidated
                         konsolidasian.                                                         financial statements.

                                                                    4
Page 327
                                                                             The original consolidated financial statements included herein
                                                                                                               are in Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
    LAPORAN LABA RUGI DAN PENGHASILAN                                    CONSOLIDATED STATEMENT OF PROFIT OR LOSS
  KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan)                             AND OTHER COMPREHENSIVE INCOME (continued)
         Untuk tahun yang Berakhir pada                                       For the year Ended December 31, 2025
           Tanggal 31 Desember 2025                                            (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
             kecuali dinyatakan lain)

                                           Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                     For the years ended December 31,

                                                                              Disajikan Kembali
                                                                                 - Catatan 4/
                                      Catatan/                                  As restated -
                                       Notes                 2025                    2024
Laba tahun berjalan                                                                                                   Profit for the year
  diatribusikan kepada:                                                                                                attributable to:
  Pemilik entitas induk                                 1.160.696.736                819.533.676           Owners of the parent entity
  Kepentingan non-pengendali                               41.903.020                 25.157.710             Non-controlling interests
                                                        1.202.599.756                844.691.386


Laba komprehensif tahun berjalan                                                                                 Comprehensive income
  yang diatribusikan kepada:                                                                               for the year attributable to:
  Pemilik entitas induk                                 1.185.556.595                877.871.265           Owners of the parent entity
  Kepentingan non-pengendali            25e                49.612.448                 30.908.957             Non-controlling interests
                                                        1.235.169.043                908.780.222

Laba per saham (nilai penuh)             32                         121,86                  86,04        Earnings per share (full amount)




     Catatan atas laporan keuangan konsolidasian terlampir                      The accompanying notes to the consolidated financial
       merupakan bagian integral dari laporan keuangan                          statements form an integral part of these consolidated
                         konsolidasian.                                                         financial statements.

                                                                    5
Page 328
                                            PT SAWIT SUMBERMAS SARANA Tbk.
                                                  DAN ENTITAS ANAKNYA
                                     LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN
                                 Untuk tahun yang Berakhir pada Tanggal 31 Desember 2025
                                   (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)



                                                                                                              Ekuitas dapat diatribusikan kepada pemil
                                                                                                                  Equity attributable to owners of the p

                                                                                                      Selisih
                                                                                                   Transaksi
                                                                                                 dengan pihak
                                                                                                Non-pengendali/
                                                     Modal                                         Difference
                                               ditempatkan dan                                      in value           Penghasilan         Komponen
                                                disetor penuh/         Tambahan                 of transactions        komprehensif          ekuitas
                                                  Issued and          modal disetor/               with non-            lain/Other           lainnya/
                                                   fully paid           Additional                controlling         comprehensive        Other equity
                                                 Share capital        paid-in capital                interest             income           component


Saldo 1 Januari 2024/
  31 Desember 2023
  (dilaporkan sebelumnya)                            952.500.000         (2.852.050.343 )             89.113.603          551.074.272         (309.619.

Penyesuaian efek ekuitas
  merging entities yang timbul
  dari penerapan PSAK 338                                        -                      -                         -                   -

Saldo per 1 Januari 2024
  (Disajikan kembali - Catatan 4)                    952.500.000         (2.852.050.343 )             89.113.603          551.074.272         (309.619.

Penyesuaian efek ekuitas
  merging entities yang timbul
  dari penerapan PSAK 338                                        -                      -                         -                   -

Cadangan umum (Catatan 25d)                                      -                      -                         -                   -

Pembayaran dividen (Catatan 25b)                                 -                      -                         -                   -

Efek translasi                                                   -                      -                         -        26.614.733

Penghasilan komprehensif lain                                    -                      -                         -        31.722.855

Total laba tahun yang berakhir pada
  Tanggal 31 Desember 2024                                       -                      -                         -                   -

Saldo 31 Desember 2024                               952.500.000         (2.852.050.343)              89.113.603          609.411.860         (309.619.

Penyesuaian efek ekuitas
  merging entities yang timbul
  dari penerapan PSAK 338                                        -                          -                     -                   -

Penyesuaian atas transaksi
  dengan entitas sepengendali                                    -       (1.084.624.950 )                         -                   -

Cadangan umum (Catatan 25d)                                      -                      -                         -                   -

Pembayaran dividen (Catatan 25b)                                 -                      -                         -                   -

Efek translasi                                                   -                      -                         -        29.111.521

Penghasilan komprehensif lain                                    -                      -                         -        (4.352.407)

Total laba tahun yang berakhir pada
  Tanggal 31 Desember 2025                                       -                      -                         -                   -

Saldo 31 Desember 2025                               952.500.000         (3.936.675.293)              89.113.603          634.170.974         (309.619.




                 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian integral dari laporan keuangan konsolidasian.
Page 329
                                                           The original consolidated financial statements included herein are in the Indonesian language.



                                                     PT SAWIT SUMBERMAS SARANA Tbk.
                                                             AND ITS SUBSIDIARIES
                                             CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                                     For the year Ended December 31, 2025
                                           (Expressed in thousands of Rupiah, unless otherwise stated)



lik entitas induk/
parent entity




             Saldo laba/Retained earnings
                                                          Ekuitas                                      Kepentingan
            Ditentukan        Belum ditentukan         merging entities/                             non pengendali/
y        penggunaannya/       penggunaannya/           Merging entities            Total/            Non-controlling         Total ekuitas/
t          appropriated        unappropriated              equity                  Total                interests             Total equity


                                                                                                                                                       Balance at January 1, 2024
                                                                                                                                                            December 31, 2023
.637 )       1.340.160.714         1.979.428.701                        -        1.750.607.310            239.354.750          1.989.962.060           (as previously reported)

                                                                                                                                                             Adjustment of effect of
                                                                                                                                                   merging entities equity from
    -                    -                       -            6.332.423              6.332.423                        -             6.332.423        application of PSAK 338

                                                                                                                                                      Balance at January 1, 2024
.637 )       1.340.160.714         1.979.428.701              6.332.423          1.756.939.733            239.354.750          1.996.294.483           (as restated - Note 4)

                                                                                                                                                             Adjustment of effect of
                                                                                                                                                   merging entities equity from
    -                    -                       -          (12.921.506)           (12.921.506)                       -           (12.921.506)       application of PSAK 338

    -         518.314.064           (518.314.064)                       -                      -                      -                       -       General reserves (Notes 25d)

    -                    -                       -                      -                      -            (7.384.938)            (7.384.938)            Dividend paid (Notes 25b)

    -                    -                       -                      -           26.614.733              5.236.243             31.850.976                       Translation effect

    -                    -                       -                      -           31.722.855                515.005             32.237.860           Other comprehensive income

                                                                                                                                                       Total profit for the year ended
    -                    -           819.533.676                        -          819.533.676             25.157.710            844.691.386               December 31, 2024

.637 )       1.858.474.778         2.280.648.313              (6.589.083)        2.621.889.491            262.878.770          2.884.768.261        Balance at December 31, 2024

                                                                                                                                                             Adjustment of effect of
                                                                                                                                                   merging entities equity from
    -                    -                       -            6.589.083              6.589.083                        -             6.589.083        application of PSAK 338

                                                                                                                                                     Adjustment on transaction with
    -                    -             (1.625.779)                      -       (1.086.250.729)           353.551.955           (732.698.774)     under common control entity

    -         369.533.675           (369.533.675)                       -                      -                      -                       -       General reserves (Notes 25d)

    -                    -          (449.961.000)                       -         (449.961.000)            (2.202.012)          (452.163.012)             Dividend paid (Notes 25b)

    -                    -                       -                      -           29.111.521              7.550.264             36.661.785                       Translation effect

    -                    -                       -                      -            (4.352.407)                57.108             (4.295.299)         Other comprehensive income

                                                                                                                                                       Total profit for the year ended
    -                    -         1.160.696.736                        -        1.160.696.736             41.903.020          1.202.599.756               December 31, 2025

.637 )       2.228.008.453         2.620.224.595                        -        2.277.722.695            663.739.105          2.941.461.800        Balance at December 31, 2025




                             The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.


         6
Page 330
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        LAPORAN ARUS KAS KONSOLIDASIAN                                              CONSOLIDATED STATEMENT OF
            Untuk tahun yang Berakhir pada                                                    CASH FLOWS
              Tanggal 31 Desember 2025                                            For the year Ended December 31, 2025
            (Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
                kecuali dinyatakan lain)                                                 unless otherwise stated)


                                           Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                     For the years ended December 31,

                                                                             Disajikan Kembali
                                                                                - Catatan 4/
                                       Catatan/                                As restated -
                                        Notes                2025                   2024
ARUS KAS DARI AKTIVITAS                                                                                         CASH FLOWS FROM
OPERASI:                                                                                                    OPERATING ACTIVITIES:
Penerimaan kas dari pelanggan                          14.422.791.036            10.240.606.908          Cash received from customers
Pembayaran kas kepada pemasok                         (11.908.507.913)            (8.119.941.374)               Cash paid to suppliers
Pembayaran kas kepada karyawan                         (1.231.724.879)              (919.819.379)              Cash paid to employees

Kas yang dihasilkan dari operasi                        1.282.558.244             1.200.846.155           Cash resulted from operations

Penghasilan bunga yang diterima                            42.371.632               108.610.664                  Interest income received
Beban keuangan yang dibayar                              (668.686.099)             (663.998.383)                        Finance cost paid
Penurunan bank                                                                                                                  Decrease
  yang dibatasi penggunaannya, neto                          632.505.544            255.685.328         in restricted cash in bank, net
Pembayaran pajak penghasilan                                                                                                  Payments of
  badan                                                  (532.348.905)             (352.055.265)                  corporate income tax
Penerimaan dari restitusi pajak                                                                                       Cash received from
  penghasilan badan                                          130.465.581             23.932.467                   corporate income tax
Penerimaan dari restitusi                                                                                      Cash received from value
  pajak pertambahan nilai                                    210.235.436            420.428.257                    added tax restitution

Kas neto yang diperoleh dari                                                                                     Net cash provided by
  aktivitas operasi                                     1.097.101.433               993.449.223                  operating activities

ARUS KAS DARI                                                                                                    CASH FLOWS FROM
AKTIVITAS INVESTASI :                                                                                        INVESTING ACTIVITIES:
Penerimaan pembayaran atas pinjaman                                                                   Cash received from repayment of
  kepada pihak berelasi, neto                              22.286.646               424.432.638           loan to related parties, net
Perolehan aset tetap                12,40                (402.440.814)             (230.081.332)            Acquisitions of fixed assets
Penambahan                                                                                                Additional development cost
  biaya pengembangan plasma, neto                            (11.239.968)           (18.714.614)                          plasma, net
Penambahan uang muka                                                                                     Additional advance purchase
  pembelian aset tetap                                       (55.571.612)          (253.123.366)                       of fixed assets
Penerimaan dana dari                                                                                       Cash received from plasma
  pembiayaan plasma oleh bank, neto                           53.454.213            194.590.310           refinancing from bank, net
Perolehan tanaman belum                                                                                           Additions to immature
  menghasilkan                       12                      (13.428.380)           (15.052.989)                            plantations
Penempatan kontrak berjangka                                                                                                Placement in
  komoditas                                                             -            (11.262.119)      commodities future contracts
Akuisisi entitas anak baru, setelah                                                                   Acquisition of new subsidiary, net
     dikurangi kas yang diperoleh    1e                (1.491.420.090)                          -                    of cash acquired
Penambahan aset tak berwujud                               (3.629.335)                          -        Additions of intangible assets

Kas neto yang (digunakan untuk)/                                                                                  Net cash (used in)/
  diperoleh dari aktivitas investasi                   (1.901.989.340)               90.788.528     provided by investing activities




     Catatan atas laporan keuangan konsolidasian terlampir                     The accompanying notes to the consolidated financial
       merupakan bagian integral dari laporan keuangan                         statements form an integral part of these consolidated
                         konsolidasian.                                                        financial statements.

                                                                    7
Page 331
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
  LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan)                                         CONSOLIDATED STATEMENT OF
         Untuk tahun yang Berakhir pada                                                 CASH FLOWS (continued)
           Tanggal 31 Desember 2025                                               For the year Ended December 31, 2025
         (Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
             kecuali dinyatakan lain)                                                    unless otherwise stated)


                                             Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                       For the years ended December 31,

                                                                             Disajikan Kembali
                                                                                - Catatan 4/
                                      Catatan/                                 As restated -
                                       Notes                 2025                   2024
ARUS KAS DARI                                                                                                    CASH FLOWS FROM
   AKTIVITAS PENDANAAN:                                                                                       FINANCING ACTIVITIES:
Utang bank                                                                                                                     Bank loan
 - Pembayaran                            39             (8.412.307.426)          (6.310.785.779)                       Repayments -
 - Penerimaan                            39              9.536.219.184            5.101.154.094                             Proceeds -
Pembayaran utang                                                                                                   Payments of finance
   sewa pembiayaan                                        (79.105.593)               (7.890.857)                        lease liability
Pembayaran liabilitas sewa                                (60.213.924)              (12.922.540)            Payments of lease liabilities
Pembayaran dividen kas                  25b              (449.961.000)                        -              Payments of cash dividend
Pembayaran dividen kas                                                                                        Payment of cash dividend
   kepada entitas non-pengendali                              (2.202.012)             (7.384.938)           to non-controlling interest
Pembayaran upfront fee                   16                  (38.488.753)                      -                Payments of upfront fee

Kas neto yang diperoleh dari/
  (digunakan untuk)                                                                                             Net cash provided by/
  aktivitas pendanaan                                        493.940.476         (1.237.830.020)       (used in) financing activities

PENURUNAN NETO                                                                                         NET DECREASE IN CASH AND
  KAS DAN SETARA KAS                                     (310.947.431)             (153.592.269)             CASH EQUIVALENTS

PENYESUAIAN ARUS KAS                                                                                     ADJUSTMENT OF MERGING
  MERGING BISNIS                                                        -           (12.921.506)         BUSINESS CASH FLOWS

DAMPAK NETO PERUBAHAN                                                                                 NET EFFECT OF CHANGES IN
  NILAI TUKAR ATAS KAS DAN                                                                          EXCHANGES RATES ON CASH
  SETARA KAS                                                   4.721.130            109.509.538       AND CASH EQUIVALENSTS

KAS DAN SETARA KAS                                                                                   CASH AND CASH EQUIVALENTS
  AWAL TAHUN                             5              1.180.286.182             1.237.290.419          AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                                   CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                            5                   874.059.881          1.180.286.182                AT END OF YEAR




     Catatan atas laporan keuangan konsolidasian terlampir                     The accompanying notes to the consolidated financial
       merupakan bagian integral dari laporan keuangan                         statements form an integral part of these consolidated
                         konsolidasian.                                                        financial statements.

                                                                    8
Page 332
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                 STATEMENTS
               Tanggal 31 Desember 2025                                      As of December 31, 2025
              dan untuk tahun yang berakhir                                   and for year then ended
                  pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM                                                       1.   GENERAL

     a.    Pendirian dan informasi umum                              a. Establishment and general information

           PT    Sawit    Sumbermas      Sarana    Tbk.                  PT Sawit Sumbermas Sarana Tbk. (the
           (“Perusahaan”)     didirikan    di   Jakarta,                 “Company”) was established in Jakarta based
           berdasarkan Akta No. 51 tanggal 22 November                   on the Notarial Deed No. 51 of Enimarya Agoes
           1995 dari Notaris Enimarya Agoes Suwarko,                     Suwarko, S.H., dated November 22, 1995. The
           S.H., Akta pendirian Perusahaan telah                         deed of establishment was approved by Ministry
           memperoleh pengesahan dari Kementerian                        of Law and Human Rights of the Republic of
           Hukum dan Hak Asasi Manusia Republik                          Indonesia in its Decision Letter No. C2-
           Indonesia dengan Surat Keputusan No. C2-                      8176.HT.01.01.TH.96 dated July 26, 1996 and
           8176.HT.01.01.TH.96 tanggal 26 Juli 1996,                     subsequently published in the Republic of
           serta selanjutnya diumumkan dalam Berita                      Indonesia State of Gazzette No. 839,
           Negara Republik Indonesia No. 839, Tambahan                   Supplement No. 36 dated February 22, 2011.
           No. 36 tanggal 22 Februari 2011.

           Anggaran Dasar Perusahaan telah mengalami                     The Company’s Articles of Association have
           beberapa kali perubahan. Perubahan terakhir                   been amended several times. The latest
           berdasarkan Akta No. 66 tanggal 30 September                  amendment was legalized under Notarial Deed
           2022 dari Notaris Aulia Taufani, S.H., tentang                No. 66 of Aulia Taufani, S.H., dated
           perubahan Anggaran Dasar Perusahaan.                          September     30,   2022      in   relation   to
           Perubahan ini telah memperoleh pengesahan                     the amendment of the Company’s Article of
           dari Kementerian Hukum dan Hak Asasi                          Association. This amendment was approved by
           Manusia      dengan      Surat      Keputusan                 Ministry of Law and Human Rights of the
           No.AHU-AH.01.03-0305712                tanggal                Republic of Indonesia in its Decision Letter No.
           25 Oktober 2022, serta selanjutnya diumumkan                  AHU-AH.01.03-0305712 dated October 25,
           dalam Berita Negara Republik Indonesia No. 88                 2022, and subsequently published in the
           tahun 2022, Tambahan No. 038255 tahun 2022.                   Republic of Indonesia State of Gazzette No. 88
                                                                         year 2022, Supplement No. 038255 tahun 2022.

           Perusahaan berdomisili di Pangkalan Bun,                      The Company is domiciled in Pangkalan Bun,
           Kabupaten Kotawaringin Barat, Kalimantan                      Kotawaringin Barat, Central Kalimantan,
           Tengah, Indonesia dengan kantor pusat di                      Indonesia, with its head office located on
           Jl. Haji Udan Said No. 47, Pangkalan Bun.                     Jl. Haji Udan Said No. 47, Pangkalan Bun.

           Sesuai dengan Pasal 3 Anggaran Dasar                          As stated in Article 3 of the Company’s Articles
           Perusahaan,   ruang    lingkup    kegiatan                    of Association, the scope of the Company’s
           Perusahaan adalah pertanian, perdagangan,                     activities is in agriculture, trade, and industry.
           dan industri.

           Perusahaan mulai beroperasi secara komersial                  The Company commenced its commercial
           pada tahun 2005. Perusahaan dan Grup                          operations in 2005. The Company and its Group
           terutama bergerak di bidang perkebunan kelapa                 are primarily involved in the operations of oil
           sawit dan pabrik kelapa sawit yang                            palm plantations and a palm oil mill which
           memproduksi minyak kelapa sawit dan inti sawit                produces crude palm oil and palm kernel with
           dengan kapasitas produksi 510 MT tandan                       production capacities of 510 MT of fresh fruit
           buah segar (“TBS”) per jam (tidak diaudit).                   bunches (“FFB”) per hour (unaudited). The oil
           Perkebunan kelapa sawit dan kedua pabrik                      palm plantation and both palm oil mills are
           kelapa sawit berlokasi di Kalimantan Tengah.                  located in Central Kalimantan.




                                                            9
Page 333
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                               1.   GENERAL (continued)
     a.    Pendirian dan informasi umum (lanjutan)                      a.   Establishment      and     general    information
                                                                             (continued)

           Berdasarkan surat yang dikeluarkan oleh Biro                      Based on a letter issued by the Securities
           Administrasi Efek No. DE/I/26-0435 mengenai                       Administration Bureau No. DE/I/26-0436
           komposisi kepemilikan saham Perusahaan per                        regarding the composition of the Company's
           31 Desember 2025, 2024 dan 2023, PT Citra                         share ownership as of December 31, 2025,
           Borneo Indah (“CBI”) merupakan pemegang                           2024 and 2023, PT Citra Borneo Indah ("CBI")
           saham pengendali Perusahaan.                                      is the Company’s controlling shareholder.

           Pada tanggal 31 Desember 2025, 2024, dan                          As of December 31, 2025, 2024, and 2023, the
           2023, entitas induk utama Perusahaan adalah                       ultimate parent entity of the Company is CBI.
           CBI.

           Pada tanggal 31 Desember 2025 pemegang                            As of December 31, 2025 the ultimate beneficial
           manfaat (ultimate beneficial owner) Perusahaan                    owner of the Company is Mr Jery Borneo Putra
           adalah Bapak Jery Borneo Putra (2024: Bapak                       (2024: Mr Jery Borneo Putra and 2023: Mr.
           Jery Borneo Putra dan 2023: Bapak Abdul                           Abdul Rasyid AS).
           Rasyid AS).

     b. Penawaran umum saham Perusahaan dan                             b. Public offering of the Company’s shares and
        tindakan Grup lainnya                                              other corporate actions of the Group

           Pada tanggal 29 November 2013, Perusahaan                         On November 29, 2013, the Company obtained
           memperoleh Surat Pernyataan Efektif dari                          the Effective Statement Letter from Board of
           Dewan Komisioner Otoritas Jasa Keuangan                           Commissioners of Financial Services Authority
           (“OJK”) dengan suratnya No. S-393/D.04/2013                       (“OJK”) through its Letter No. S-393/D.04/2013
           untuk melakukan penawaran umum saham                              for the Company’s initial public offering of
           perdana sejumlah 1.500.000.000 saham biasa                        1,500,000,000 common shares to the public with
           atas nama dengan nilai nominal Rp100 (angka                       a par value of Rp100 (full amount) per share at
           penuh) setiap lembar saham yang ditawarkan                        an offering price of Rp670 (full amount) per
           kepada masyarakat dengan harga penawaran                          share. Included in the number of initial public
           Rp670 (angka penuh) setiap saham. Termasuk                        shares offered to the Public are shares that have
           di dalam jumlah saham umum perdana kepada                         been allocated in connection with Employee
           masyarakat adalah saham yang telah                                Stock    Allocation    Program      ("ESA")    of
           dialokasikan sehubungan dengan Program                            150,000,000 shares based on the Director
           Alokasi Saham Karyawan (Employee Stock                            Decision      Letter      No.      Dir.Kom/IPO-
           Allocation atau “ESA”) sejumlah 150.000.000                       ESA/001/VIII/2013 dated September 19, 2013.
           saham berdasarkan Surat Keputusan Direksi                         These shares were listed on the Indonesia Stock
           No. Dir.Kom/IPO-ESA/001/VIII/2013 tanggal                         Exchange on December 12, 2013.
           19     September      2013.     Pada   tanggal
           12 Desember 2013, seluruh saham tersebut
           telah dicatat di Bursa Efek Indonesia.

           Perusahaan melalui anak Perusahaan, SSMS                          The Company through its subsidiary, SSMS
           Plantation Holding       Pte.   Ltd.,  (“SPH”)                    Plantation Holding Pte. Ltd., (“SPH”) issued
           menerbitkan      obligasi     global     senilai                  global bonds amounting to US$300,000,000
           AS$300.000.000 dengan bunga 7,75%.                                with an interest of 7.75%. The 5-year bonds
           Obligasi bertenor 5 tahun dan jatuh tempo pada                    which mature in January 2023 are listed and
           bulan Januari 2023 tersebut tercatat dan                          traded on The Singapore Exchange Securities
           diperdagangkan di The Singapore Exchange                          Trading Ltd (“SGX”) on January 24, 2018. In
           Securities Trading Ltd (“SGX”) pada tanggal 24                    issuing these bonds, The Bank of New York
           Januari 2018. Dalam penerbitan obligasi                           Mellon, London Branch, acts as trustee. In
           tersebut, The Bank of New York Mellon,                            January 2023, SPH has fully settled the bonds.
           Cabang London, bertindak sebagai wali
           amanat. Pada Januari 2023, SPH telah
           melunasi seluruh obligasi tersebut.

                                                              10
Page 334
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                  STATEMENTS
               Tanggal 31 Desember 2025                                       As of December 31, 2025
              dan untuk tahun yang berakhir                                    and for year then ended
                  pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                             1.   GENERAL (continued)

     b. Penawaran umum saham Perusahaan dan                           b. Public offering of the Company’s shares and
        tindakan Grup lainnya (lanjutan)                                 other corporate actions of the Group
                                                                         (continued)

           Pada tanggal 31 Oktober 2022, CBUT, entitas                    On October 31,         2022, CBUT obtained
           anak, mendapatkan Surat Pemberitahuan                          Notification Letter of Effective Registration
           Efektif Pernyataan Pendaftaran No. S-                          Statement No.S-226/D.04/2022 of Initial Public
           226/D.04/2022   atas Penawaran      Umum                       Offering of Share from the Financial Services
           Perdana Saham dari Otoritas Jasa Keuangan                      Authority on its public offering of 625,000,000
           untuk melakukan penawaran umum atas                            shares with par value of Rp100 at the offering
           625.000.000 saham Perusahaan dengan nilai                      price of Rp690 per share.
           nominal Rp100 per saham pada harga
           penawaran sebesar Rp690 per saham kepada
           masyarakat.

           Pada tanggal 31 Desember 2025, 2024, dan                       As of December 31, 2025, 2024, and 2023, all
           2023, seluruh saham Perusahaan dan CBUT                        of the Company’s and CBUT’s shares are listed
           tercatat di Bursa Efek Indonesia.                              in the Indonesia Stock Exchange.

     c.    Manajemen kunci dan informasi lainnya                      c. Key management and other informations

            Berdasarkan Akta Notaris No. 24 tanggal                       Based on Notarial Deed No. 24 dated
            30 Oktober 2025 dari Jimmy Tanal, S.H., M.Kn.                 October 30, 2025, of Jimmy Tanal, S.H., M.Kn.
            Notaris di Jakarta, susunan Dewan Komisaris                   Notary in Jakarta, the composition of the
            dan Direksi Perusahaan per 31 Desember 2025                   Company’s Boards of Commissioners and
            adalah sebagai berikut:                                       Directors as of December 31, 2025 is as
                                                                          follows:

            Dewan Komisaris                                                                       Board of Commissioners
            Komisaris Utama                          Bungaran Saragih                             President Commissioner
            Komisaris Independen                         Hoesen                                Independent Commissioner
            Komisaris                               Rimbun Situmorang                                       Commissioner

            Direksi                                                                                       Board of Directors
            Direktur Utama                             Jap Hartono                                        President Director
            Direktur                                 Akhmad Faisyal                                                 Director
            Direktur                              Jahja Tanudjaja Adelai                                            Director
            Direktur                          Roshan Chakravarthy Valautham                                         Director
            Direktur                               Henky Satrio Wibowo                                              Director


           Susunan Dewan Komisaris dan Direktur                           The compositions of the Company’s
           Perusahaan pada tanggal 31 Desember 2024                       Commissioner and Director as of December
           adalah sebagai berikut:                                        31, 2024 are as follows:

            Dewan Komisaris                                                                       Board of Commissioners
            Komisaris Utama                          Bungaran Saragih                             President Commissioner
            Komisaris Independen                         Hoesen                                Independent Commissioner
            Komisaris                               Rimbun Situmorang                                       Commissioner
            Direksi                                                                                       Board of Directors
            Direktur Utama                             Jap Hartono                                        President Director
            Direktur                                  Akhmad Faisyal                                                Director




                                                            11
Page 335
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                STATEMENTS
               Tanggal 31 Desember 2025                                     As of December 31, 2025
              dan untuk tahun yang berakhir                                  and for year then ended
                  pada tanggal tersebut                                (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                           1.   GENERAL (continued)

     c.    Manajemen kunci dan informasi lainnya                    c. Key management and other informations
           (lanjutan)                                                  (continued)


           Susunan Dewan Komisaris dan Direksi                           The compositions of the Company’s Boards of
           Perusahaan pada tanggal 31 Desember 2023                      Commissioners and Directors as of December
           adalah sebagai berikut:                                       31, 2023 are as follows:

            Dewan Komisaris                                                                     Board of Commissioners
            Komisaris Utama                        Bungaran Saragih                             President Commissioner
            Komisaris Independen                       Hoesen                                Independent Commissioner
            Komisaris                             Rimbun Situmorang                                       Commissioner

            Direksi                                                                                     Board of Directors
            Direktur Utama                       Nasarudin Bin Nasir                                    President Director
            Direktur                                Jap Hartono                                                   Director
            Direktur                          Muhammad Syafril Harahap                                            Director

           Perusahaan menunjuk Swasti Kartikaningtyas                    The      Company       appointed    Swasti
           sebagai Sekretaris Perusahaan. Pada tanggal                   Kartikaningtyas as the Company’s Corporate
           28 April 2023, Swasti Kartikaningtyas                         Secretary. On April 28, 2023, Swasti
           mengundurkan      diri  sebagai   Sekretaris                  Kartikaningtyas resigned as Corporate
           Perusahaan. Pada tanggal 26 Juni 2023,                        Secretary. On June 26, 2023, the Company
           Perusahaan, menunjuk Jap Hartono sebagai                      appointed Jap Hartono as the Company’s
           Sekretaris Perusahaan.                                        Corporate Secretary.

           Pada tanggal 2 Januari 2024, Perusahaan                       On January 2, 2024, the Company appointed
           menunjuk Deni Agustinus Damayanto sebagai                     Deni Agustinus Damayanto as the Company’s
           Sekretaris Perusahaan, menggantikan Jap                       Corporate Secretary, replacing Jap Hartono.
           Hartono.

           Susunan     Komite Audit pada   tanggal                       The composition of the Audit Committee as of
           31 Desember 2025, 2024 dan 2023 adalah                        December 31, 2025, 2024 and 2023 are as
           sebagai berikut:                                              follow:

            Ketua                                       Hoesen                                                     Chairman
            Anggota                                Arini Imamawati                                                  Member
            Anggota                              Arif M. Prawirawinata                                              Member




                                                          12
Page 336
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                           STATEMENTS
               Tanggal 31 Desember 2025                                                As of December 31, 2025
              dan untuk tahun yang berakhir                                             and for year then ended
                  pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                      1.   GENERAL (continued)

     c.    Manajemen kunci dan informasi lainnya                               c.     Key management and other informations
           (lanjutan)                                                                 (continued)

           Pada tanggal 31 Desember 2025, 2024 dan                                    As of December 31, 2025, 2024 and 2023, the
           2023, kepala Unit Audit Internal Grup adalah                               Group head of internal audit unit is Anjar
           Anjar Widiarso.                                                            Widiarso.

           Personil manajemen kunci Perusahaan meliputi                               Key management personnel of the Company
           Dewan Komisaris dan Direksi. Kompensasi                                    are the Boards of Commissioners and
           imbalan kerja jangka pendek yang dibayarkan                                Directors. Short-term compensation paid to
           kepada personil manajemen kunci Perusahaan                                 the key management personnel of the
           untuk tahun yang berakhir pada tanggal                                     Company for the year ended December 31,
           31 Desember 2025, 2024, dan 2023 masing-                                   2025, 2024, and 2023,          amounted to
           masing     adalah   sebesar   Rp60.912.196,                                Rp60,912,196,        Rp43,307,160,       and
           Rp43.307.160 dan Rp49.317.686. Tidak                                       Rp49,317,686, respectively. There is no
           terdapat kompensasi dalam bentuk imbalan                                   compensation of post-employment benefit,
           pascakerja, imbalan kerja jangka panjang                                   other long-term benefit, termination benefits,
           lainnya, pesangon pemutusan kontrak kerja dan                              and share-based payment for the key
           pembayaran berbasis saham.                                                 management personnel.

           Pada tanggal 31 Desember 2025, Grup memiliki                               As of December 31, 2025, the Group
           13.304 karyawan tetap (31 Desember 2024:                                   has   13,304     permanent employees
           11.319 karyawan tetap, 31 Desember 2023:                                   (December 31, 2024: 11,319 permanent
           12.646) (tidak diaudit).                                                   employees, December 31, 2023: 12,646
                                                                                      employees) (unaudited).

     d. Penyelesaian               laporan         keuangan                    d.     Completion       of     consolidated       financial
        konsolidasian                                                                 statements

           Laporan keuangan konsolidasian Grup tanggal                                The     Group’s     consolidated   financial
           31 Desember 2025 dan untuk tahun yang                                      statements as of December 31, 2025 and for
           berakhir pada tanggal tersebut diselesaikan dan                            the year then ended are completed and
           diotorisasi untuk terbit oleh Direksi Perusahaan                           authorized for issuance by the Company’s
           pada tanggal 30 Maret 2026. Direksi                                        Directors on March 30, 2026. The Company’s
           Perusahaan yang menandatangani Surat                                       Directors who signed the Board of Directors’
           Pernyataan Direksi bertanggung jawab atas                                  Statement are responsible for the fair
           penyusunan dan kewajaran penyajian laporan                                 preparation and presentation of such
           keuangan konsolidasian tersebut sesuai                                     consolidated    financial   statements    in
           dengan Standar Akuntansi Keuangan di                                       accordance wtih Indonesian Financial
           Indonesia.                                                                 Accounting Standards.

     e.    Entitas anak dan entitas asosiasi                                   e.    Subsidiaries and associated entities

           Kepemilikan Perusahaan pada entitas anak                                   The Company’s ownership interests directly or
           yang dikonsolidasi dan entitas asosiasi baik                               indirectly in the consolidated subsidiaries and
           secara langsung maupun tidak langsung                                      associated companies (hereinafter collectively
           (selanjutnya secara bersama-sama disebut                                   referred to as the “Group”) are as follows:
           “Grup”) adalah sebagai berikut:
                                                                                      Mulai                Persentase Kepemilikan/
                                                                                Beroperasi Secara     Percentage of Ownership Interest
                                                                                    Komersial/
                                                      Kegiatan Usaha/            Commencement               31 Desember/December 31,
             Nama Entitas Anak/      Domisili/       Nature of Business           of Commercial
            Name of Subsidiaries     Domicile            Activities                 Operations        2025           2024         2023

           Pemilikan langsung/
           Direct ownership
           PT Kalimantan Sawit      Kotawaringin    Perkebunan dan pabrik             2005                  99%          99%             99%
            Abadi (“KSA”)              Barat             kelapa sawit/
                                                     Oil palm plantations
                                                       and palm oil mill

                                                                 13
Page 337
                                                                                    The original consolidated financial statements included herein
                                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                                    STATEMENTS
               Tanggal 31 Desember 2025                                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                                      and for year then ended
                  pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                               1.   GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                                 e.   Subsidiaries       and     associated        entities
                                                                                             (continued)

           Kepemilikan Perusahaan pada entitas anak                                           The Company’s ownership interests directly or
           yang dikonsolidasi dan entitas asosiasi baik                                       indirectly in the consolidated subsidiaries and
           secara langsung maupun tidak langsung                                              associated companies (hereinafter collectively
           (selanjutnya secara bersama-sama disebut                                           referred to as the “Group”) are as follows:
           “Grup”) adalah sebagai berikut: (lanjutan)                                         (continued)

                                                                                              Mulai                Persentase Kepemilikan/
                                                                                        Beroperasi Secara     Percentage of Ownership Interest
                                                                                            Komersial/
                                                           Kegiatan Usaha/               Commencement            31 Desember/December 31,
             Nama Entitas Anak/          Domisili/        Nature of Business              of Commercial
            Name of Subsidiaries         Domicile             Activities                    Operations        2025         2024          2023

           Pemilikan langsung/
           Direct ownership
           PT Mitra Mendawai            Kotawaringin      Perkebunan dan pabrik               2008                99%          99%               99%
            Sejati (“MMS”)                 Barat           kelapa sawit dan inti
                                                        sawit//Oil palm plantations,
                                                             Palm oil mill and
                                                           Kernel crushing plant
           SSMS Plantation                                      Perusahaan
            Holding Pte.Ltd.                              jasa pendukung bisnis/
            (“SPH”)                      Singapore               Company                      2018               100%         100%           100%
                                                       bussiness support service
           Sawit Sumbermas                                      Perusahaan
            International Pte.Ltd.                     penjual produk kelapa sawit/
            (“SSI”)                      Singapore               Company                      2018               100%         100%           100%
                                                          Whole sale of palm oil

           PT Citra Borneo              Kotawaringin             Industri,                    2018              78,2%        78,2%               26%
            Utama Tbk. (“CBUT”)            Barat            dan perdagangan/
                                                                 Industry
                                                                and trading
           PT Sawit Mandiri Lestari     Kotawaringin     Perkebunan dan pabrik                2014              63,4%             -                -
            (“SML”)                        Barat          kelapa sawit / Oil palm
                                                       plantations and palm oil mill

           Pemilikan tidak langsung
             melalui KSA/
           Indirect ownership
             through KSA
           PT Tanjung Sawit             Kotawaringin     Perkebunan dan pabrik                2012                99%          99%               99%
             Abadi (“TSA”)                 Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
           PT Sawit Multi               Kotawaringin     Perkebunan dan pabrik                2012                99%          99%               99%
            Utama (“SMU”)                  Barat              Kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
           Pemilikan tidak langsung melalui MMS/
           Indirect ownership through MMS
           PT Mirza Pratama             Kotawaringin     Perkebunan dan pabrik                2011                99%          99%               99%
             Putra (“MPP”)                  Barat             kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
           PT Menteng Kencana           Kotawaringin     Perkebunan dan pabrik                2010                99%          99%               99%
            Mas (“MKM”)                    Barat              kelapa sawit/
                                                          Oil palm plantations
                                                            and palm oil mill
           Pemilikan tidak langsung melalui SPH/
           Indirect ownership through SPH
           SSMS Plantation Singapore Singapore            Jasa konsultasi dan                 2018                99%          99%               99%
             International Pte.Ltd.                          perdagangan/
             (“SPI”)                                      Consultancy services
                                                              and trading
           EntitasAsosiasi/
            Associated Entities
            PT Surya Borneo             Kotawaringin            Kawasan                       2013                49%          49%               49%
               Industri (“SBI”)            Barat                 industri/
                                                             Industrial estate




                                                                         14
Page 338
                                                                                     The original consolidated financial statements included herein
                                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                                     STATEMENTS
               Tanggal 31 Desember 2025                                                          As of December 31, 2025
              dan untuk tahun yang berakhir                                                       and for year then ended
                  pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                                1.   GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                                  e.   Subsidiaries       and       associated       entities
                                                                                              (continued)

           Total aset pada entitas anak yang dikonsolidasi                                     Total assets of subsidiaries directly or
           dan entitas asosiasi baik secara langsung                                           indirectly in the consolidated subsidiaries and
           maupun tidak langsung (selanjutnya secara                                           associated companies (hereinafter collectively
           bersama-sama disebut “Grup”) adalah sebagai                                         referred to as the “Group”) are as follows:
           berikut:

                                                                                                              Total Aset Sebelum Eliminasi (dalam
                                                                                               Mulai          Jutaan Rupiah)/ Total Assets Before
                                                                                         Beroperasi Secara     Elimination (in millions of Rupiah)
                                                                                             Komersial/
                                                              Kegiatan Usaha/             Commencement            31 Desember/December 31,
             Nama Entitas Anak/          Domisili/           Nature of Business            of Commercial
            Name of Subsidiaries         Domicile                Activities                  Operations        2025          2024          2023

           Pemilikan langsung/
           Direct ownership
           PT Kalimantan Sawit          Kotawaringin        Perkebunan dan pabrik              2005           5.741.222     5.143.371      4.781.631
            Abadi (“KSA”)                  Barat                 kelapa sawit/
                                                             Oil palm plantations
                                                               and palm oil mill
           PT Mitra Mendawai            Kotawaringin       Perkebunan dan pabrik               2008           3.659.849     3.368.128      3.395.325
            Sejati (“MMS”)                 Barat             kelapa sawit dan inti
                                                          sawit//Oil palm plantations,
                                                                Palm oil mill an
                                                             Kernel crushing plant

           SSMS Plantation               Singapore               Perusahaan                    2018           1.577.782     1.490.323      1.878.296
           Holding Pte. Ltd.                               jasa pendukung bisnis/
           (“SPH”)                                                Company
                                             bussiness support service
           Sawit Sumbermas                                       Perusahaan
           International Pte. Ltd.                       penjual produk kelapa sawit/
             (“SSI”)                     Singapore                Company                      2018                   15            15               15
                                                         Whole sale of palm oil

           PT Citra Borneo              Kotawaringin               Industri,                   2018           4.117.814     4.200.319      4.336.194
            Utama Tbk. (“CBUT”)            Barat              dan perdagangan/
                                                                   Industry
                                                                  and trading
           PT Sawit Mandiri Lestari     Kotawaringin       Perkebunan dan pabrik
            (“SML”)                        Barat            kelapa sawit/ Oil palm             2014           3.130.946              -                -
                                                         Plantations and palm oil mill
           Pemilikan tidak langsung melalui KSA/
           Indirect ownership through KSA
           PT Tanjung Sawit             Kotawaringin        Perkebunan dan pabrik              2012           2.263.978     2.272.956      2.074.383
             Abadi (“TSA”)                  Barat                kelapa sawit/
                                                             Oil palm plantations
                                                               and palm oil mill
           PT Sawit Multi               Kotawaringin        Perkebunan dan pabrik              2012           2.306.310     1.969.508      1.707.597
            Utama (“SMU”)                  Barat                 kelapa sawit/
                                                             Oil palm plantations
                                                               and palm oil mill
           Pemilikan tidak langsung melalui MMS/
           Indirect ownership through MMS
           PT Mirza Pratama             Kotawaringin        Perkebunan dan pabrik              2011            988.467       839.073         722.936
             Putra (“MPP”)                  Barat                kelapa sawit/
                                                             Oil palm plantations
                                                               and palm oil mill

           PT Menteng Kencana           Kotawaringin        Perkebunan dan pabrik              2010           1.479.817     1.362.556      1.362.047
            Mas (“MKM”)                    Barat                 kelapa sawit/
                                                             Oil palm plantations
                                                               and palm oil mill
           Pemilikan tidak langsung melalui SPH/
           Indirect ownership through SPH
           SSMS Plantation               Singapore           Jasa konsultasi dan               2018           2.116.752     1.519.816      1.928.002
             International Pte. Ltd.                            perdagangan/
             (“SPI”)                                         Consultancy services
                                                                 and trading

           Entitas Asosiasi/Associated Entities
           PT Surya Borneo              Kotawaringin               Kawasan                     2018            891.706       955.875       1.035.551
            Industri (“SBI”)                Barat                  industri/

                                                                           15
Page 339
                                                                                                  The original consolidated financial statements included herein
                                                                                                                                are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                     PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                                 AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                       STATEMENTS
           Tanggal 31 Desember 2025                                                                            As of December 31, 2025
          dan untuk tahun yang berakhir                                                                         and for year then ended
              pada tanggal tersebut                                                                       (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                       unless otherwise stated)
             kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                                             1.     GENERAL (continued)

     e. Entitas anak dan entitas asosiasi (lanjutan)                                                    e.           Subsidiaries          and    associated                entities
                                                                                                                     (continued)

        Total kapasitas produksi pabrik dan luasan tanah                                                             Total plant capacity and mature & immature
        menghasilkan dan tanaman belum menghasilkan                                                                  plantation area of subsidiaries are as follows:
        pada entitas anak adalah sebagai berikut:
                                        Kapasitas Produksi/                     Luas tanaman menghasilkan/               Luas tanaman belum menghasilkan/
                                        Production capacity                         Mature plantation area                    Immature plantation area
                                         (Dalam MT/In MT)                        (Dalam Hektar/In Hectare)                   (Dalam Hektar/In Hectare)
                                     (Tidak diaudit/Unaudited)                    (Tidak diaudit/Unaudited)                   (Tidak diaudit/Unaudited)

        Nama/Name                  2025                      2024                 2025                2024                  2025                 2024                              Name

       PT Kalimantan                                                                                                                                                  PT Kalimantan Sawit
         Sawit Abadi ("KSA")   60 MT untuk/for TBS      60 MT untuk/for TBS              5.700               5.700                     -                      -         Abadi ("KSA")
       PT Tanjung                                                                                                                                                        PT Tanjung Sawit
         Sawit Abadi ("TSA")   60 MT untuk/for TBS      60 MT untuk/for TBS           10.356             10.356                        -                      -          Abadi ("TSA")
       PT Sawit Multi Utama                                                                                                                                          PT Sawit Multi Utama
         ("SMU")               75 MT untuk/for TBS      75 MT untuk/for TBS           14.475             14.475                        -                      -                ("SMU")
       PT Mitra Mendawai       60 MT untuk/for TBS      60 MT untuk/for TBS                                                                                            PT Mitra Mendawai
         Sejati ("MMS")      and 200MT untuk/for PK    and 200MT untuk/for PK            8.388               8.388                     -                      -         Sejati ("MMS")
       PT Menteng Kencana                                                                                                                                            PT Menteng Kencana
         Mas ("MKM")           60 MT untuk/for TBS      60 MT untuk/for TBS              6.504               6.412                   225                    286           Mas ("MKM")
       PT Mirza Pratama                                                                                                                                                 PT Mirza Pratama
         Putra ("MPP")         60 MT untuk/for TBS      60 MT untuk/for TBS              3.586               3.586                     -                      -         Putra ("MPP")
       PT Citra Borneo       2.500 MT untuk/for CPO    2.500 MT untuk/for CPO                                                                                       PT Citra Borneo Utama
          Utama Tbk. ("CBUT") and 600MT untuk/for PK   and 600MT untuk/for PK                -                   -                     -                      -         Tbk. ("CBUT")
       PT Sawit Mandri                                                                                                                                                    PT Sawit Mandiri
          Lestari ("SML")      75 MT untuk/for TBS      60 MT untuk/for TBS              7.814               7.447                   113                     75        Lestari ("SML")


        Akuisisi entitas anak di tahun 2025                                                                          Acquisition of a subsidiary in 2025

        Pada tanggal 24 November 2025, Perusahaan                                                                    On November 24, 2025, the Company
        mengakuisisi    63,4%    kepemilikan    saham                                                                acquired 63.4% shares ownership in PT Sawit
        PT Sawit Mandiri Lestari (SML) dari PT Citra                                                                 Mandiri Lestari (SML) from PT Citra Borneo
        Borneo Indah (CBI) sebagaimana dinyatakan                                                                    Indah (CBI), a shareholder, as stated in the
        dalam Akta Notaris Jimmy Tanal, S.H., M.Kn,                                                                  Notarial Deed No. 253 of Jimmy Tanal, S.H.,
        No. 253 tanggal 24 November 2025 dengan                                                                      M.Kn, dated November 24, 2025 with
        total  imbalan     yang    dialihkan   sebesar                                                               consideration paid of Rp1,600,000,000. The
        Rp1.600.000.000. Nilai pengalihan tersebut telah                                                             transfer value was fully paid by the Company
        seluruhnya dibayarkan oleh Perusahaan pada 24                                                                on June 26, 2025.
        November 2025.

        Rincian aset neto yang diakuisisi dan tambahan                                                               Details of net assets acquired and additional
        modal disetor adalah sebagai berikut:                                                                        paid in capital are as follows:

                                                                                       Nilai buku
                                                                                 pada tanggal akuisisi/
                                                                                    Book value at
                                                                                   acquisition date

        ASET                                                                                                                                                 ASSETS
        Kas dan setara kas                                                            108.579.910                                            Cash and cash equivalents
        Aset lancar lainnya                                                         1.433.035.103                                                 Other current assets
        Aset tetap                                                                    977.661.198                                                        Fixed assets
        Aset tidak lancar lainnya                                                      13.819.203                                             Other non-current assets

        Total aset                                                                  2.533.095.414                                                                   Total assets

        LIABILITAS                                                                                                                                             LIABILITIES
        Liabilitas jangka pendek                                                    1.515.276.831                                                          Current liabilities
        Liabilitas jangka panjang                                                      51.829.636                                                       Non-current liabilities

        Total liabilitas                                                            1.567.106.467                                                                 Total liabilities

        Aset neto teridentifikasi                                                     965.988.947                                                 Net identifiable assets


                                                                                          16
Page 340
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2025                                           As of December 31, 2025
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                                 1.   GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                    e. Subsidiaries        and     associated       entities
                                                                              (continued)
            Akuisisi entitas      anak    di   tahun   2025                      Acquisition    of   a   subsidiary      in   2025
            (lanjutan)                                                           (continued)
                                                              Nilai buku
                                                        pada tanggal akuisisi/
                                                           Book value at
                                                          acquisition date

            Aset neto teridentifikasi                         965.988.947                                 Net identifiable assets
            Kepentingan non-pengendali                                                         Non-controlling interest measured
              pada bagian proporsional                                                              at proportionate shares of
              atas aset neto teridentifikasi                  (353.551.955)                             identifiable net assets
                                                              612.436.992
            Selisih transaksi dengan entitas                                       The difference arising from the transactions
              sepengendali                                    987.563.008           between under common control entities
            Nilai transaksi akuisisi                      1.600.000.000                                 Considerations value
            Dikurangi kas dan setara kas                                                 Less cash and cash equivalent of the
               entitas anak yang diakuisisi                    108.579.910                              acquired subsidiary
            Akusisi entitas anak, setelah dikurangi                                        Acquisition of subsidiary, net of
              kas dan setara kas yang diperoleh           1.491.420.090              cash and cash equivalents acquired

           Pada tanggal 26 Juni 2025, PT Sawit Mandiri                            On June 26, 2025, PT Sawit Mandiri Lestari
           Lestari (SML), entitas anak, mengakuisisi kebun                        (SML), a subsidiary, acquired plantation and
           dan pabrik kelapa sawit PT Citra Borneo Indah                          palm oil mill from PT Citra Borneo Indah
           (CBI). Berdasarkan hasil penilai independen                            (CBI), a shareholder. Based on the result of
           KJPP Bambang, Ernasapta dan rekan tanggal                              the independent appraisal by KJPP
           25 Juni 2025. Transaksi pengambilalihan                                Bambang, Ernasapta, and Partner dated
           tersebut dilakukan dengan harga pengalihan                             June 25, 2025, That acquisition transaction is
           sebesar Rp216.516.523 dan nilai bersih aset                            carried with acquisition price amounted to
           yang dialihkan sebesar Rp4.390.271. Nilai                              Rp216,516,523 and book value of the assets
           pengalihan     tersebut     telah   seluruhnya                         transferred amounted to Rp4,390,271. The
           dibayarkan oleh SML pada 26 Juni 2025.                                 transfer value was fully paid by SML on June
                                                                                  26, 2025.

            Pengalihan bisnis perkebunan dan pabrik                               Transfer of CBI’s oil palm plantation and mill
            kelapa sawit CBI oleh SML:                                            business by SML:
                                                              Nilai buku
                                                        pada tanggal akuisisi/
                                                           Book value at
                                                          acquisition date

            Aset                                                                                                       ASSETS
            Piutang usaha dan lain-lain                        58.074.356                       Accounts receivables and others
            Persediaan                                         15.203.426                                           Inventories
            Aset lancar lainnya                                 2.285.205                                  Other current assets
            Aset tetap                                        116.611.044                                          Fixed assets
            Piutang plasma                                      2.681.025                                   Plasma receivables
            Total aset                                        194.855.056                                            Total assets

            Liabilitas                                                                                             LIABILITIES
            Liabilitas jangka pendek                            74.485.012                                     Current liabilities
            Liabilitas jangka panjang                              915.463                                  Non-current liabilities
            Total liabilitas                                    75.400.475                                         Total liabilities

                                                                17
Page 341
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                               1.     GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                   e.   Subsidiaries     and     associated       entities
                                                                               (continued)

                                                            Nilai buku
                                                      pada tanggal akuisisi/
                                                         Book value at
                                                        acquisition date

           Aset neto teridentifikasi                         119.454.581                               Net identifiable assets
           Selisih transaksi dengan entitas                                      The difference arising from the transactions
             sepengendali                                    97.061.942           between under common control entities

            Nilai transaksi akuisisi                         216.516.523                                Considerations value


           Akuisisi entitas anak di tahun 2023                                 Acquisition of a subsidiary in 2023

           Pada tanggal 19 Desember 2023, Perusahaan                           On December 19, 2023, the Company
           telah menaikkan kepemilikan saham sebesar                           increased its shares ownership to 52.6% in
           52,6% kepemilikan di CBUT dari PT Citra                             CBUT from PT Citra Borneo Indah (CBI), one
           Borneo Indah (CBI), salah satu pemegang                             of the shareholders, by converting the
           saham,     dengan   menukarkan       pinjaman                       Company’s loan to CBI amounting to
           Perusahaan       kepada        CBI      senilai                     Rp3,451,309,583, as stated in Notarial Deed
           Rp3.451.309.583 sebagaimana dinyatakan                              of Aulia Taufani, S.H., No. 59 dated December
           dalam Akta Notaris Aulia Taufani, S.H., No. 59                      19, 2023. After the debt-to-equity swap, the
           tanggal 19 Desember 2023. Setelah penukaran                         Group held 78.22% ownership in CBUT, with
           saham tersebut dengan pinjaman, Grup                                consideration       paid      amounting    to
           memiliki 78,22% saham di CBUT dengan total                          Rp4,098,809,583.
           imbalan      yang       dialihkan     sebesar
           Rp4.098.809.583.

           Rincian aset neto yang diakuisisi dan tambahan                      Detail of net assets acquired and additional
           modal disetor adalah sebagai berikut:                               paid in capital are as follows:
                                                             Jumlah/
                                                             Amount
           Imbalan yang dialihkan                         4.098.809.583                                    Consideration paid
           Nilai buku aset neto                            (705.840.069)                              Book value of net assets

                                                                                               The difference arising from
           Selisih transaksi dengan                                                           the transactions between
             entitas sepengendali                         3.392.969.514                  under common control entities

           Berikut ini adalah informasi keuangan CBUT                          The following is a summary of CBUT’s
           pada tanggal akuisisi atau 19 Desember 2023:                        financial information at the acquisition date or
                                                                               December 19, 2023:
                                                            Nilai Buku/
                                                            Book Value

           ASET                                                                                                       ASSETS
           Aset lancar                                    3.925.962.970                                         Current assets
           Aset tidak lancar                                410.233.277                                      Non-current assets

           Total aset                                     4.336.196.247                                            Total assets




                                                              18
Page 342
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


1.   UMUM (lanjutan)                                              1.    GENERAL (continued)

     e.    Entitas anak dan entitas asosiasi (lanjutan)                 e.   Subsidiaries      and     associated       entities
                                                                             (continued)

           Berikut ini adalah informasi keuangan CBUT                        The following is a summary of CBUT’s
           pada tanggal akuisisi atau 19 Desember 2023:                      financial information at the acquisition date or
           (lanjutan)                                                        December 19, 2023: (continued)

                                                          Nilai Buku/
                                                          Book Value

           ASET                                                                                                    ASSETS
           Aset lancar                                    3.925.962.970                                      Current assets
           Aset tidak lancar                                410.233.277                                   Non-current assets

           Total aset                                     4.336.196.247                                          Total assets

           LIABILITAS DAN EKUITAS                                                                LIABILITIES AND EQUITY
           LIABILITAS                                                                                           LIABILITIES
           Liabilitas jangka pendek                       2.659.657.734                                     Current liabilities
           Liabilitas jangka panjang                        774.119.440                                 Non-current liabilities

           Total liabilitas                               3.433.777.174                                       Total liabilities

           EKUITAS                                                                                                 EQUITY
           Modal saham                                     312.500.000                                        Share capital
           Tambahan modal disetor                          351.929.668                            Additional paid-in capital
           Saldo laba                                      213.530.992                                  Retained earnings
           Penghasilan komprehensif lain                    24.458.413                        Other comprehensive income

           Total ekuitas                                   902.419.073                                           Total equity

           Total liabilitas dan ekuitas                   4.336.196.247                         Total liabilities and equity


2.   IKHTISAR    INFORMASI                 KEBIJAKAN              2.    SUMMARY OF MATERIAL                    ACCOUNTING
     AKUNTANSI YANG MATERIAL                                            POLICIES INFORMATION

     Laporan keuangan konsolidasian telah disusun dan                  The consolidated financial statements have been
     disajikan sesuai dengan Standar Akuntansi                         prepared and presented in accordance with
     Keuangan di Indonesia (“SAK”), yang mencakup                      Indonesian Financial Accounting Standards (“SAK”),
     Pernyataan Standar Akuntansi Keuangan (“PSAK”)                    which comprise the Statements of Financial
     dan Interpretasi Standar Akuntansi Keuangan                       Accounting Standards (“PSAK”) and Interpret to
     (“ISAK”) yang dikeluarkan oleh Dewan Standar                      Financial Acccounting Standards (“ISAK”) issued by
     Akuntansi Keuangan Ikatan Akuntan Indonesia,                      the Financial Accounting Standards Board of the
     serta Peraturan Badan Pengawas Pasar Modal dan                    Indonesian Institute of Accountants, and Regulation
     Lembaga Keuangan (“BAPEPAM-LK”) No. VIII.G.7                      of Capital Market and Financial Institution
     Lampiran     Keputusan   Ketua     BAPEPAM-LK                     Supervisory Agency (“BAPEPAM-LK”) No. VIII.G.7
     No. KEP-347/BL/2012 tanggal 25 Juni 2012                          Attachment of Chairman of BAPEPAM-LK’s decision
     mengenai Penyajian dan Pengungkapan Laporan                       No. KEP-347/BL/2012 dated June 25, 2012
     Keuangan Emiten atau Perusahaan Publik.                           regarding Presentation and Disclosure of the
                                                                       Financial Statements of Issuers or Public Company.

     Laporan keuangan konsolidasian telah disusun                      The consolidated financial statements are prepared
     sesuai dengan PSAK No. 201 “Penyajian Laporan                     in accordance with PSAK No. 201 “Presentation of
     Keuangan”.                                                        Financial Statements”.



                                                             19
Page 343
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR    INFORMASI       KEBIJAKAN                        2.   SUMMARY OF MATERIAL ACCOUNTING
     AKUNTANSI YANG MATERIAL (lanjutan)                                POLICIES INFORMATION (continued)

     Kebijakan akuntansi signifikan yang diterapkan                    The significant accounting policies that were applied
     secara konsisten dalam penyajian laporan                          consistently in the preparation of the consolidated
     keuangan konsolidasian untuk tahun yang berakhir                  financial statements for the years ended December
     pada tanggal 31 Desember 2025, 2024, dan 2023
     adalah sebagai berikut:                                           31, 2025, 2024, and 2023 are as follows:

     a.    Dasar penyusunan          laporan    keuangan               a.       Basis of preparation       of     consolidated
           konsolidasian                                                        financial statements

           Laporan keuangan konsolidasian disusun                            The consolidated financial statements have
           berdasarkan konsep akrual, kecuali untuk                          been prepared on the accrual basis, except for
           laporan   arus   kas    konsolidasian,   dan                      the consolidated statement of cash flows, and
           menggunakan konsep biaya historis, kecuali                        using the historical cost concept of accounting,
           seperti yang disebutkan dalam catatan atas                        except as disclosed in the relevant notes to the
           laporan keuangan konsolidasian yang relevan.                      consolidated financial statements.

           Laporan arus kas konsolidasian yang disajikan                     The consolidated statements of cash flows,
           dengan menggunakan metode langsung,                               which have been prepared using the direct
           menyajikan penerimaan, dan pengeluaran kas                        method, present receipts, and disbursements of
           dan setara kas yang diklasifikasikan sebagai                      cash and cash equivalents classified into
           aktivitas operasi, investasi, dan pendanaan.                      operating, investing, and financing activities.

           Perusahaan memilih untuk menyajikan laporan                       The Company has elected to present the
           laba rugi dan penghasilan komprehensif lainnya                    consolidated of profit or loss and other
           dalam satu laporan.                                               comprehensive income in one linked statement.

           Mata uang penyajian yang digunakan dalam                          The presentation currency used in the
           laporan keuangan konsolidasian adalah Rupiah                      consolidated financial statements is Rupiah
           yang merupakan mata uang fungsional                               which is the Company’s and its subsidiaries
           Perusahaan dan entitas anaknya.                                   functional currency.

           Seluruh angka dalam laporan keuangan                              All figures in the consolidated financial
           konsolidasian ini, kecuali dinyatakan lain,                       statements are rounded to, and stated in,
           dinyatakan dalam dan dibulatkan menjadi                           thousands of Rupiah, unless otherwise stated.
           ribuan Rupiah.

     b.    Perubahan Kebijakan Akuntansi                               b.   Changes of Accounting Principles

           Grup telah melakukan kajian atas sejumlah                         The Group has conducted an assessment of
           amandemen standar akuntansi yang berlaku                          several amendments to accounting standards
           efektif untuk periode tahunan yang dimulai pada                   that are effective for annual periods beginning
           atau setelah 1 Januari 2025 serta yang                            on or after January 1, 2025, as well as those
           berpotensi     relevan    terhadap   pelaporan                    that may be relevant to its financial reporting.
           keuangan. Berdasarkan kajian tersebut, tidak                      Based on this assessment, there are no
           ada amandemen standar akuntansi yang                              amendments to accounting standards that have
           memberikan dampak yang material terhadap                          a material impact on the current period
           laporan keuangan konsolidasian periode                            consolidated financial statements.
           berjalan.
           Penerapan standar yang baru dan direvisi tidak                   The adoption of the following new and revised
           menghasilkan perubahan besar terhadap                            standard did not result in substantial changes to
           kebijakan akuntansi Perusahaan dan tidak                         the Company’s accounting policies and had no
           memiliki dampak material pada jumlah yang                        material effect on the amounts reported for the
           dilaporkan untuk tahun keuangan saat ini atau                    current of prior financial years:
           sebelumnya:
              Amandemen      PSAK    221:     Kekurangan                        Amendment of      PSAK        221:   Lack   of
               Ketertukaran                                                       Exchangeability
                                                             20
Page 344
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY     OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     c.    Prinsip-prinsip konsolidasi                                 c. Basis of consolidation

            Entitas anak adalah suatu entitas dimana                       Subsidiaries are entities over which the Group
            Grup      memiliki    pengendalian.    Grup                    has control. The group controls an entity when
            mengendalikan entitas lain ketika Grup                         the Group is exposed or has rights to variable
            terekspos atau memiliki hak atas imbal hasil                   returns from its involvement with the entity and
            variabel dan keterlibatannya dengan entitas                    has the ability to affect those returns through its
            dan       memiliki    kemampuan        untuk                   power over the entity. The purchase method of
            mempengaruhi imbal hasil tersebut melalui                      accounting is used to account for the acquisition
            kekuasaannya atas entitas. Metode akuisisi                     of subsidiaries by the Group. The cost includes
            digunakan untuk mencatat akuisisi entitas                      the fair value of any contingent consideration at
            anak oleh Grup. Biaya perolehan termasuk                       acquisition date.
            nilai wajar imbalan kontinjensi pada tanggal
            akuisisi.

            Perubahan dalam bagian kepemilikan entitas                     The changes in parent’s ownership interest in
            induk pada entitas anak yang tidak                             subsidiary that do not result in the loss of control
            mengakibatkan      hilangnya   pengendalian                    are accounted for as equity transactions. When
            dicatat sebagai transaksi ekuitas. Ketika                      control over a subsidiary is lost, any remaining
            pengendalian atas entitas anak hilang, bagian                  interest in the entity is remeasured at fair value
            kepemilikan yang tersisa di entitas tersebut                   and the resulting gains or losses is recognized
            diukur kembali pada nilai wajarnya dan                         in profit or loss.
            keuntungan atau kerugian yang dihasilkan
            diakui dalam laba rugi.

            Seluruh transaksi, saldo, keuntungan dan                       All   material   intercompany    transactions,
            kerugian intra Grup yang belum direalisasi dan                 balances, unrealized surpluses and deficits on
            material telah dieliminasi.                                    transactions between Group companies are
                                                                           eliminated.

            Setiap akhir periode pelaporan, Grup                           At the end of each reporting period, the Group
            melakukan penelaahan ketika terdapat bukti                     assesses when there is objective evidence that
            objektif bahwa investasi pada ventura                          an investment in joint ventures and associates
            bersama dan entitas asosiasi mengalami                         is impaired.
            penurunan nilai.

            Kepentingan       non-pengendali     (“KNP”)                   Non-controlling interests (“NCI”) represent the
            merupakan proporsi atas hasil usaha dan aset                   proportion of the results and net assets of
            neto entitas anak yang tidak diatribusikan                     subsidiaries not attributable to the owners of the
            pada pemilik entitas induk.                                    parent entity.

            Grup mengakui kepentingan non-pengendali                       The Group recognizes any non-controlling
            pada pihak yang diakuisisi sebesar bagian                      interests in the acquiree at the non-controlling
            proporsional kepentingan non-pengendali                        interest’s proportionate share of acquiree’s net
            atas aset neto pihak yang diakuisisi.                          assets. Non-controlling interest is reported as
            Kepentingan non-pengendali disajikan di                        equity in the consolidated statement of financial
            ekuitas dalam laporan posisi keuangan                          position, separate from the owners of the
            konsolidasian, terpisah dari ekuitas pemilik                   parent’s entity equity.
            entitas induk.

            Hasil usaha entitas anak, dimasukkan atau                      The results of subsidiaries, are included in or
            dikeluarkan dari dalam laporan keuangan                        excluded from the consolidated financial
            konsolidasian masing-masing sejak tanggal                      statements from their effective dates of
            efektif akuisisi atau tanggal pelepasan.                       acquisition or disposal respectively.



                                                             21
Page 345
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     c.    Prinsip-prinsip konsolidasi (lanjutan)                      c. Basis of consolidation (continued)

            Kebijakan akuntansi yang digunakan dalam                      The accounting policies adopted in preparing
            penyusunan laporan keuangan konsolidasian                     the consolidated financial statements have
            ini telah diterapkan secara konsisten, kecuali                been consistently applied, unless otherwise
            jika dinyatakan lain.                                         stated.

            Untuk tujuan konsolidasi, akun entitas anak                   For purposes of consolidation, the accounts of
            dalam mata uang selain Rupiah, dijabarkan ke                  subsidiary, which are denominated in
            dalam Rupiah dengan dasar sebagai berikut:                    currencies other than Rupiah, are translated
                                                                          into Rupiah on the following basis:

               Seluruh aset dan liabilitas dijabarkan ke                     All assets and liabilities are translated into
                dalam mata uang Rupiah dengan                                  Rupiah at the exchange rates prevailing on
                menggunakan kurs yang berlaku pada                             the consolidated statement of financial
                tanggal    laporan    posisi    keuangan                       position dates;
                konsolidasian;
               Modal saham dijabarkan ke dalam Rupiah                        Share capital are translated into Rupiah at
                dengan kurs yang mendekati nilai tukar                         exchange rates approximating historical
                historis;                                                      exchange rates;
               Penghasilan dan beban dijabarkan                              Income and expenses are translated using
                dengan menggunakan kurs rata-rata                              the weighted average exchange rates
                tertimbang sepanjang tahun;                                    during the year;
               Selisih yang timbul dari penjabaran akun                      The difference arising from the translation
                entitas anak tersebut disajikan sebagai                        of such subsidiaries’ accounts are
                “selisih kurs atas penjabaran laporan                          presented as a “foreign exchange
                keuangan” di bawah bagian ekuitas pada                         differences     on   financial    statement
                laporan posisi keuangan konsolidasian.                         translation” under the shareholders’ equity
                                                                               section in the consolidated statements of
                                                                               financial position.

     d.    Kombinasi bisnis                                            d. Business combinations

           Kombinasi bisnis dicatat menggunakan                           Business combinations are accounted for using
           metode akuisisi. Biaya perolehan suatu                         the acquisition method. The cost of an
           akuisisi diukur sebagai penjumlahan atas                       acquisition is measured as the sum of the
           imbalan yang dialihkan, yang diukur pada nilai                 consideration transferred, measured at fair
           wajar pada tanggal akuisisi, dan jumlah atas                   value at acquisition date, and amount of the NCI
           KNP di entitas yang diakuisisi. Biaya atas                     in entities acquired. Transaction costs that occur
           transaksi yang terjadi dibiayakan dan dicatat                  are directly expensed and are recorded as an
           sebagai beban pada tahun berjalan.                             expense in the current year.

           Ketika melakukan akuisisi atas sebuah bisnis,                  When the Group acquires a business, it
           Grup mengklasifikasikan dan menentukan                         assesses the financial assets and liabilities
           aset keuangan yang diperoleh dan liabilitas                    assumed for appropriate classification and
           keuangan yang diambil alih berdasarkan pada                    designation in accordance with the contractual
           persyaratan kontraktual, kondisi ekonomi dan                   terms, economic circumstances and pertinent
           kondisi terkait lain yang ada pada tanggal                     conditions as at the acquisition date. This
           akuisisi. Hal ini termasuk pemisahan derivatif                 includes the separation of embedded derivatives
           melekat dalam kontrak utama oleh pihak yang                    in host contracts by the acquiree.
           diakuisisi.




                                                             22
Page 346
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2025                                           As of December 31, 2025
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     d.    Kombinasi bisnis (lanjutan)                                    d. Business combinations (continued)

           Jika proses akuntansi awal untuk kombinasi                        When the initial accounting for a business
           bisnis belum selesai pada akhir periode                           combination is incomplete by the end of the
           pelaporan saat kombinasi terjadi, maka Grup                       reporting period in which the combination
           melaporkan jumlah sementara untuk pos-pos                         occurs, the Group report in the consolidated
           yang proses akuntansinya belum selesai dalam                      financial statements provisional amounts for the
           laporan keuangan konsolidasian. Selama                            items for which the accounting is incomplete.
           periode pengukuran, Grup menyesuaikan                             During the measurement period, the Group
           secara retrospektif jumlah sementara yang                         shall retrospectively adjust the provisional
           diakui    pada    tanggal    akuisisi    untuk                    amounts recognized at the acquisition date to
           mencerminkan informasi baru yang diperoleh                        reflect new information obtained about facts and
           tentang fakta dan keadaan yang ada pada                           circumstances that existed as of the acquisition
           tanggal akuisisi dan, jika diketahui, telah                       date and, if known, would have affected the
           berdampak pada pengukuran jumlah yang                             measurement of the amounts recognized as of
           diakui pada tanggal tersebut. Periode                             that date. The measurement period ends as
           pengukuran berakhir segera setelah Grup                           soon as the Group receive the information
           menerima informasi yang dicari tentang fakta                      about facts and circumstances that existed as
           dan keadaan yang ada pada tanggal akuisisi                        of the acquisition date or learn that more
           atau mempelajari bahwa informasi lebih tidak                      information is not obtainable. However, the
           dapat diperoleh. Namun demikian, periode                          measurement period shall not exceed one year
           pengukuran tidak boleh melebihi satu tahun dari                   from the acquisition date.
           tanggal akuisisi.

           Dalam suatu kombinasi bisnis yang dilakukan                       If the business combination is achieved in the
           secara bertahap, pihak pengakuisisi mengukur                      stages, the acquirer remeasured the fair value
           kembali kepentingan ekuitas yang dimiliki                         of equity interest that previously held by the
           sebelumnya pada pihak yang diakuisisi pada                        acquiree at the acquisition date and recognized
           nilai wajar pada tanggal akuisisi dan mengakui                    as gain or loss in the consolidated statement of
           keuntungan atau kerugian yang dihasilkan                          profit or loss and other comprehensive income.
           sebagai laba rugi dalam laporan laba rugi dan
           penghasilan komprehensif lain konsolidasian.

           Pada tanggal akuisisi, goodwill awalnya diukur                    At the acquisition date, goodwill is initially
           pada harga perolehan yang merupakan selisih                       measured at cost being the excess of the
           lebih nilai agregat dari imbalan yang dialihkan                   aggregate of the consideration transferred and
           dan jumlah setiap KNP atas selisih jumlah dari                    the amount recognized for NCI over the net
           aset teridentifikasi yang diperoleh dan liabilitas                identifiable assets acquired and liabilities
           yang diambil alih. Jika imbalan tersebut kurang                   assumed. If this consideration is lower than the
           dari nilai wajar aset neto Entitas Anak yang                      fair value of the net assets of the Subsidiary
           diakuisisi, selisih tersebut diakui dalam laba                    acquired, the difference is recognized in profit or
           rugi.                                                             loss.

           Jika goodwill telah dialokasikan pada suatu UPK                   Where goodwill forms part of a CGU and part of
           dan operasi tertentu dalam UPK tersebut                           the operations within that CGU is disposed of,
           dihentikan, maka goodwill yang diasosiasikan                      the goodwill associated with the operations
           dengan operasi yang dihentikan tersebut                           disposed of is included in the carrying amount of
           termasuk dalam jumlah tercatat operasi tersebut                   the operations when determining the gain or loss
           ketika menentukan keuntungan atau kerugian                        on disposal of the operations. Goodwill disposed
           dari penghentian operasi. Goodwill yang                           of in this circumstance is measured based on the
           dilepaskan tersebut disajikan berdasarkan nilai                   relative values of the operations disposed of and
           relatif operasi yang dihentikan dan porsi UPK                     the portion of the CGU retained.
           yang ditahan.




                                                                23
Page 347
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     e.    Kombinasi bisnis entitas sepengendali                           e. Common control business combinations
                                                                              (continued)

           Transaksi       kombinasi      bisnis     entitas                   Business combination transaction under
           sepengendali, berupa pengalihan bisnis dalam                        common control, in the form of transfer of
           rangka reorganisasi entitas-entitas yang berada                     business within the framework of reorganization
           dalam suatu Grup yang sama, bukan merupakan                         of entities under the same business group is not
           perubahan kepemilikan dalam arti substansi                          a change of ownership in economic substance,
           ekonomi, sehingga transaksi tersebut tidak dapat                    therefore it would not result in a gain or loss for
           menimbulkan laba atau rugi bagi Grup secara                         the group as a whole or to the individual entity
           keseluruhan ataupun bagi entitas individual                         within the same group, therefore the
           dalam Grup tersebut, karenanya transaksi                            transactions are recorded using the pooling-of-
           tersebut diakui pada jumlah tercatat berdasarkan                    interests method.
           metode penyatuan kepemilikan (pooling-of-
           interests).

           Dalam     menerapkan        metode     penyatuan                    In applying the pooling-of-interests method, the
           kepemilikan, komponen laporan keuangan                              components of the financial statements for the
           untuk periode dimana terjadi kombinasi bisnis                       period during which the business combination
           dan untuk periode komparatif sajian, disajikan                      occurred and for other periods presented for
           sedemikian rupa seolah-olah penggabungan                            comparison purposes, are presented in such a
           tersebut telah terjadi sejak awal periode entitas                   manner as if the combination has already
           yang bergabung berada dalam sepengendalian.                         occurred since the beginning of the period in
                                                                               which the entities were under common control.

           Entitas yang melepas bisnis maupun yang                             The entity that disposed and received business
           menerima bisnis mencatat selisih antara                             records     the    difference   between    the
           imbalan yang diterima/dialihkan dan jumlah                          consideration received/transferred and the
           tercatat bisnis yang dilepas/jumlah tercatat dari                   carrying     amount       of   the    disposed
           setiap transaksi kombinasi bisnis di ekuitas dan                    business/carrying amount of any business
           menyajikannya dalam akun “Tambahan Modal                            combination transaction in equity and
           Disetor”.                                                           presenting it in “Additional Paid-in Capital”
                                                                               account.

     f.    Transaksi dan saldo dalam mata uang asing                       f. Foreign currency transactions and balances

           Laporan keuangan konsolidasian Grup disajikan                       The Group’s consolidated financial statements
           dalam Rupiah, yang juga merupakan mata uang                         are presented in Rupiah, which is also the
           fungsional Perusahaan. Setiap entitas anak                          Company’s        functional currency.    Each
           menentukan mata uang fungsional dalam                               subsidiary determines its own functional
           transaksi-transaksi yang termasuk dalam                             currency and items included in the financial
           laporan keuangan pada setiap entitas diukur                         statements of each entity are measured using
           dengan mata uang fungsional tersebut.                               that functional currency.

           Transaksi dalam mata uang asing dicatat dalam                       Transactions involving foreign currencies are
           Rupiah dengan menggunakan kurs yang berlaku                         recorded in Rupiah at the rates of exchange
           pada tanggal transaksi. Pada tanggal pelaporan                      prevailing at the time the transactions are made.
           keuangan, aset dan liabilitas moneter dalam                         At the financial reporting dates, monetary
           mata uang asing dijabarkan sesuai dengan rata-                      assets and liabilities denominated in foreign
           rata kurs jual dan beli yang diterbitkan oleh Bank                  currencies are adjusted to reflect the average of
           Indonesia pada tanggal transaksi perbankan                          the selling and buying rates of exchange
           terakhir untuk tahun yang bersangkutan, dan                         prevailing at the last banking transaction date of
           laba atau rugi kurs yang timbul, dikreditkan atau                   the year, as published by Bank Indonesia, and
           dibebankan       pada     laporan      laba    rugi                 any resulting gains or losses are credited or
           komprehensif konsolidasian tahun berjalan.                          charged to the current year consolidated
                                                                               statements of comprehensive income.


                                                                 24
Page 348
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                         STATEMENTS
               Tanggal 31 Desember 2025                                              As of December 31, 2025
              dan untuk tahun yang berakhir                                           and for year then ended
                  pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                            2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     f.    Transaksi dan saldo dalam mata uang asing                         f. Foreign currency transactions and balances
           (lanjutan)                                                           (continued)

           Transaksi-transaksi non-moneter dalam mata                             Non-monetary items that are measured in
           uang asing yang diukur dengan metode biaya                             terms of historical cost in a foreign currency are
           historis dijabarkan menggunakan kurs pada                              translated using the exchange rates as at the
           tanggal terjadinya transaksi. Transaksi-                               dates of the initial transactions. Non-monetary
           transaksi non-moneter dalam mata uang asing                            items measured at fair value in a foreign
           yang diukur pada nilai wajar dijabarkan                                currency are translated using the exchange
           menggunakan kurs pada tanggal penentuan                                rates at the date when the fair value is
           nilai wajar tersebut.                                                  determined.

           Keuntungan dan kerugian dari selisih kurs yang                        Exchange gains and losses arising on foreign
           timbul dari transaksi dalam mata uang asing                           currency transactions and on the translation of
           dan penjabaran aset dan liabilitas moneter                            foreign currency monetary assets and liabilities
           dalam mata uang asing ke mata uang Rupiah                             into Rupiah are recognized in the current year
           dibebankan pada laba rugi tahun berjalan.                             profit or loss.

           Pada tanggal 31 Desember 2025, 2024, dan                               The     exchange       rates   used as of
           2023, nilai tukar yang digunakan adalah                                December 31, 2025, 2024, and 2023 were as
           sebagai berikut (nilai penuh dalam Rupiah):                            follows (full amount in Rupiah):

                                   31 Desember/          31 Desember/           31 Desember/
                                   December 31, 2025   December 31, 2024      December 31, 2023

           Rupiah/1 Dolar AS                  16.782                16.162              15.416                     Rupiah/1 US Dollar

     g.    Instrumen Keuangan                                                 g. Financial Instruments

           Aset Keuangan                                                          Financial Assets

           Grup mengklasifikasikan aset keuangannya                               The Group classifies its financial assets into the
           dalam kategori (a) aset keuangan yang diukur                           following category: (a) financial assets
           pada nilai wajar melalui laba rugi, (b) aset                           measured at fair value through profit or loss, (b)
           keuangan yang diukur pada nilai wajar melalui                          financial assets measured at fair value through
           pendapatan komprehensif lainnya, dan (c) aset                          other comprehensive income, and (c) financial
           keuangan yang diukur pada biaya perolehan                              assets measured at amortised cost.
           diamortisasi.

           Grup menggunakan 2 (dua) dasar untuk                                  The Group used 2 (two) methods to classify its
           mengklasifikasikan aset keuangan yaitu model                          financial assets, which based on the Group’s
           bisnis Grup dalam mengelola aset keuangan                             business model in managing the financial
           dan karakteristik arus kas kontraktual dari aset                      assets, and the contractual cash flow of the
           keuangan (SPPB).                                                      financial assets (SPPI).

           Agar aset keuangan diklasifikasikan dan diukur                        In order for a financial asset to be classified and
           pada biaya perolehan diamortisasi atau                                measured at amortized cost or FVOCI, it needs
           NWPKL, aset keuangan harus menghasilkan                               to give rise to cash flows that are SPPI on the
           arus kas yang semata dari SPPB dari jumlah                            principal amount outstanding. This assessment
           pokok terutang. Penilaian ini disebut sebagai uji                     is referred to as the SPPI test and is performed
           SPPB dan dilakukan pada tingkat instrumen.                            at an instrument level.




                                                               25
Page 349
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2025                                           As of December 31, 2025
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.    SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     g.     Instrumen Keuangan (lanjutan)                                 g.    Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                            Financial Assets (continued)

            Pengujian SPPB                                                     SPPI Test

           Nilai pokok untuk tujuan pengujian ini                              Principal for the purpose of this test is defined as
           didefinisikan sebagai nilai wajar dari aset                         the fair value of the financial asset at initial
           keuangan pada pengakuan awal dan dapat                              recognition and may change over the life of the
           berubah selama umur aset keuangan (misalnya,                        financial asset (for example, if there are
           jika ada pembayaran pokok atau amortisasi                           repayments of principal or amortization of the
           premi/diskon).                                                      premium/discount).

            Sebagai langkah pertama dari proses klasifikasi,                   As a first step of its classification process, the
            Grup menilai persyaratan kontraktual keuangan                      Group assesses the contractual terms of financial
            untuk    mengidentifikasi  apakah      mereka                      to identify whether they meet the SPPI test.
            memenuhi pengujian SPPB.

           Elemen bunga yang paling signifikan dalam                           The most significant elements of interest within a
           perjanjian biasanya adalah pertimbangan atas                        arrangement are typically the consideration for
           nilai waktu dari uang dan risiko kredit. Untuk                      the time value of money and credit risk. To make
           membuat penilaian SPPB, Grup menerapkan                             the SPPI assessment, the Group applies
           pertimbangan dan memperhatikan faktor-faktor                        judgment and considers relevant factors such as
           yang relevan seperti mata uang dimana aset                          the currency in which the financial asset is
           keuangan didenominasikan dan periode pada                           denominated, and the period for which the
           saat suku bunga ditetapkan.                                         interest rate is set.

           Sebaliknya, persyaratan kontraktual yang                            In contrast, contractual terms that introduce a
           memberikan eksposur lebih dari de minimis atas                      more than de minimis exposure to risks or
           risiko atau volatilitas dalam arus kas kontraktual                  volatility in the contractual cash flows that are
           yang tidak terkait dengan dasar pengaturan                          unrelated to a basic lending arrangement, do not
           pinjaman, tidak menimbulkan arus kas                                give rise to contractual cash flows that are solely
           kontraktual SPPB atas jumlah saldo. Dalam                           payments of principal and interest on the amount
           kasus seperti itu, aset keuangan diharuskan                         outstanding. In such cases, the financial asset is
           untuk diukur pada Fair Value through Profit Loss                    required to be measured as Fair Value through
           (FVPL).                                                             Profit Loss (FVPL).

           Penilaian model bisnis                                              Business model assessment

           Grup     menentukan       model     bisnisnya                       The Group determines its business model at the
           berdasarkan tingkat yang paling mencerminkan                        level that most reflects how it the business group
           bagaimana Grup mengelola kelompok atas                              manages its financial groups of financial assets to
           keuangannya untuk mencapai tujuan bisnisnya.                        achieve its business objective.

           Model bisnis Grup tidak dinilai berdasarkan                         The Group’s business model is not assessed on
           masing-masing instrumennya, tetapi pada                             an instrument-by-instrument basis, but at a higher
           tingkat portofolio secara agregat yang lebih                        level of aggregated portfolios and is based on
           tinggi dan didasarkan pada faktor-faktor yang                       observable factors such as:
           dapat diamati seperti:
               Bagaimana kinerja model bisnis dan aset                            How the performance of the business model
                keuangan yang dimiliki dalam model bisnis                           and the financial assets held within that
                tersebut dievaluasi dan dilaporkan kepada                           business model are evaluated and reported
                personel manajemen kunci;                                           to the entity’s key management personnel;
               Risiko yang mempengaruhi kinerja model                             The risks that affect the performance of the
                bisnis (dan aset keuangan yang dimiliki                             business model (and the financial assets
                dalam model bisnis tersebut) dan,                                   held within that business model) and, in
                khususnya, bagaimana cara risiko tersebut                           particular the way those risks are managed;
                dikelola;
                                                                26
Page 350
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                        Financial Assets (continued)

           Penilaian model bisnis (lanjutan)                               Business model assessment (continued)

           Model bisnis Grup tidak dinilai berdasarkan                     The Group’s business model is not assessed on
           masing-masing instrumennya, tetapi pada                         an instrument-by-instrument basis, but at a higher
           tingkat portofolio secara agregat yang lebih                    level of aggregated portfolios and is based on
           tinggi dan didasarkan pada faktor-faktor yang                   observable factors such as: (continued)
           dapat diamati seperti: (lanjutan)
               Bagaimana manajer bisnis dikompensasi                          How business managers are compensated
                (misalnya, apakah kompensasi didasarkan                         (for example, whether the compensation is
                pada nilai wajar dari aset yang dikelola                        based on the fair value of the assets
                atau pada arus kas kontraktual yang                             managed or on the contractual cash flows
                tertagih);                                                      collected);
               Frekuensi, nilai, dan waktu penjualan yang                     The expected frequency, value, and timing of
                diharapkan, juga merupakan aspek                                sales are also important aspects of the
                penting dari penilaian Grup.                                    Group’s assessment.

           Penilaian model bisnis didasarkan pada                          The business model assessment is based on
           skenario yang diharapkan secara wajar tanpa                     reasonably expected scenarios without taking
           mempertimbangkan skenario “worst case” atau                     “worst case” or “stress case” scenarios into
           “stress case”. Jika arus kas setelah pengakuan                  account. If cash flows after initial recognition are
           awal direalisasikan dengan cara yang berbeda                    realised in a way that is different from the Group’s
           dari yang awal diharapkan, Grup tidak                           original expectations, the Group does not change
           mengubah klasifikasi aset keuangan dimiliki                     the classification of the remaining financial assets
           yang tersisa dalam model bisnis tersebut, tetapi                held in that business model, but incorporates
           memasukkan informasi          tersebut   dalam                  such information when assessing newly
           melakukan penilaian atas aset keuangan yang                     originated or newly purchased financial assets
           baru atau yang baru dibeli selanjutnya.                         going forward.

            Aset keuangan yang diukur pada biaya                           Financial assets are measured at amortized cost
            perolehan diamortisasi jika aset keuangan                      if the financial asset is managed in a business
            dikelola dalam model bisnis yang bertujuan                     model aimed at owning a financial asset in order
            untuk memiliki aset keuangan dalam rangka                      to obtain a contractual cash flow and the
            mendapatkan arus kas kontraktual dan                           contractual requirements of a financial asset that
            persyaratan kontraktual dari aset keuangan                     on a given date increases the cash flow solely
            yang pada tanggal tertentu meningkatkan arus                   from the principal and interest payments (solely
            kas yang semata dari pembayaran pokok dan                      payments of principal and interest) of the amount
            bunga (solely payments of principal and                        owed.
            interest) dari jumlah pokok terutang.

            Pada saat pengakuan awal, aset keuangan                        At initial recognition, the financial assets
            yang diukur pada biaya perolehan diamortisasi                  measured at amortized cost are recognized at
            diakui pada nilai wajarnya ditambah biaya                      the fair value plus the transaction fee and
            transaksi dan selanjutnya diukur pada biaya                    subsequently measured at amortized cost by
            perolehan diamortisasi dengan menggunakan                      using the effective interest rate.
            suku bunga efektif.




                                                              27
Page 351
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                           STATEMENTS
               Tanggal 31 Desember 2025                                                As of December 31, 2025
              dan untuk tahun yang berakhir                                             and for year then ended
                  pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                            2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                      g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                               Financial Assets (continued)

            Penilaian model bisnis (lanjutan)                                     Business model assessment (continued)

            Pendapatan bunga dari aset keuangan yang                              Interest income from financial assets measured
            diukur pada biaya perolehan diamortisasi                              at amortized cost is recorded in the consolidated
            dicatat dalam laporan laba rugi dan                                   statements of profit and loss and other
            penghasilan komprehensif lain konsolidasian                           comprehensive income and is recognized as
            dan diakui sebagai “pendapatan bunga”. Ketika                         "interest income". When a decline in value
            penurunan nilai terjadi, kerugian penurunan                           occurs, the impairment loss is recognized as a
            nilai diakui sebagai pengurang dari nilai tercatat                    deduction of the recorded value of the financial
            aset keuangan dan diakui didalam laporan                              asset and is acknowledged in the consolidated
            keuangan          konsolidasian          sebagai                      financial statements as "the establishment of a
            “pembentukan cadangan kerugian penurunan                              reserve impairment loss".
            nilai”.

           Metode Suku Bunga Efektif                                              Effective Interest Method

           Metode suku bunga efektif adalah metode yang                           The effective interest method is a method of
           digunakan untuk menghitung biaya perolehan                             calculating the amortised cost of a financial asset
           diamortisasi dari instrumen keuangan dan                               and of allocating interest income over the
           metode untuk mengalokasikan pendapatan                                 relevant period. The effective interest rate is the
           bunga selama periode yang relevan. Suku                                rate that exactly discounts estimated future cash
           bunga efektif adalah suku bunga yang secara                            receipts (including all fees and points paid or
           tepat mendiskontokan estimasi penerimaan kas                           received that form an integral part of the effective
           di masa datang (mencakup seluruh komisi dan                            interest rate, transaction costs and other
           bentuk lain yang dibayarkan dan diterima yang                          premiums or discounts) through the expected life
           merupakan bagian yang tak terpisahkan dari                             of the financial instrument, or, where appropriate,
           suku bunga efektif, biaya transaksi dan                                a shorter period to the net carrying amount of
           premium dan diskonto lainnya) selama                                   financial assets on initial recognition.
           perkiraan umur instrumen keuangan, atau, jika
           lebih tepat, digunakan periode yang lebih
           singkat untuk memperoleh nilai tercatat bersih
           aset keuangan pada saat pengakuan awal.

            Pendapatan diakui berdasarkan suku bunga                              Income is recognized on an effective interest
            efektif untuk instrumen keuangan selain dari                          basis for financial instruments other than those
            aset keuangan FVTPL.                                                  financial assets at FVTPL

           Penurunan Nilai Aset Keuangan                                          Impairment of Financial Assets

            Aset keuangan, selain aset keuangan FVTPL,                            Financial assets, other than those at FVTPL, are
            dievaluasi terhadap indikator penurunan nilai                         assessed for indicators of impairment at the end
            pada setiap akhir periode pelaporan. Aset                             of each reporting date. Financial assets are
            keuangan diturunkan nilainya bila terdapat                            considered to be impaired when there is objective
            bukti objektif, sebagai akibat dari satu atau lebih                   evidence that, as a result of one or more events
            peristiwa yang terjadi setelah pengakuan awal                         that occurred after the initial recognition of the
            aset keuangan, dan peristiwa yang merugikan                           financial asset, the estimated future cash flows of
            tersebut berdampak pada estimasi arus kas                             the investment have been affected.
            masa depan atas aset keuangan yang dapat
            diestimasi secara andal.




                                                                  28
Page 352
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                        STATEMENTS
               Tanggal 31 Desember 2025                                             As of December 31, 2025
              dan untuk tahun yang berakhir                                          and for year then ended
                  pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                   g. Financial Instruments (continued)

           Aset Keuangan (lanjutan)                                            Financial Assets (continued)

           Penurunan Nilai Aset Keuangan (lanjutan)                            Impairment of Financial Assets (continued)

            Untuk kelompok aset keuangan tertentu, seperti                      For certain categories of financial asset, such as
            piutang, aset yang dinilai tidak akan diturunkan                    receivables, assets that are assessed not to be
            secara individual akan dievaluasi penurunan                         impaired individually are, in addition, assessed
            nilainya secara kolektif. Bukti objektif dari                       for impairment on a collective basis. Objective
            penurunan nilai portofolio piutang dapat                            evidence of impairment for a portfolio of
            termasuk pengalaman Grup atas tertagihnya                           receivables could include the Group’s past
            piutang    di    masa        lalu,  peningkatan                     experience of collecting payments, an increase
            keterlambatan penerimaan pembayaran piutang                         in the number of delayed payments in the
            dari rata-rata periode kredit, dan juga                             portfolio past the average credit period, as well
            pengamatan atas perubahan kondisi ekonomi                           as observable changes in national or local
            nasional atau lokal yang berkorelasi dengan                         economic conditions that correlate with default
            gagal bayar atas piutang.                                           on receivables.

            Untuk aset keuangan yang diukur pada biaya                          For financial assets carried at amortised cost,
            perolehan diamortisasi, jumlah kerugian                             the amount of the impairment loss is measured
            penurunan nilai merupakan selisih antara                            as the difference between the asset’s carrying
            jumlah tercatat aset keuangan dengan nilai kini                     amount and the present value of estimated
            dari estimasi arus kas masa depan yang                              future cash flows, discounted at the financial
            didiskontokan menggunakan suku bunga                                asset’s original effective interest rate.
            efektif awal dari aset keuangan.

            Untuk aset keuangan yang diukur pada biaya                          For financial assets carried at amortised cost,
            perolehan diamortisasi, jumlah kerugian                             the amount of the impairment loss is measured
            penurunan nilai merupakan selisih antara                            as the difference between the asset’s carrying
            jumlah tercatat aset keuangan dengan nilai kini                     amount and the present value of estimated
            dari estimasi arus kas masa depan yang                              future cash flows, discounted at the financial
            didiskontokan menggunakan suku bunga                                asset’s original effective interest rate.
            efektif awal dari aset keuangan.

            Jumlah tercatat aset keuangan tersebut                              The carrying amount of the financial asset is
            dikurangi dengan kerugian penurunan nilai                           reduced by the impairment loss directly for all
            secara langsung atas seluruh aset keuangan,                         financial assets with the exception of
            kecuali piutang yang jumlah tercatatnya                             receivables, where the carrying amount is
            dikurangi melalui penggunaan akun cadangan                          reduced through the use of an allowance
            piutang. Jika piutang tidak tertagih, piutang                       account. When a receivable is considered
            tersebut dihapuskan melalui akun cadangan                           uncollectible, it is written off against the
            piutang. Pemulihan kemudian dari jumlah yang                        allowance account. Subsequent recoveries of
            sebelumnya telah dihapuskan dikreditkan                             amounts previously written off are credited
            terhadap akun cadangan. Perubahan jumlah                            against the allowance account. Changes in the
            tercatat akun cadangan piutang diakui dalam                         carrying amount of the allowance account are
            laba rugi.                                                          recognized in profit or loss.




                                                               29
Page 353
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                         STATEMENTS
               Tanggal 31 Desember 2025                                              As of December 31, 2025
              dan untuk tahun yang berakhir                                           and for year then ended
                  pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.     SUMMARY     OF MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                     g.   Financial Instruments (continued)

            Liabilitas Keuangan dan Instrumen Ekuitas                             Financial Liabilities and Equity Instruments

            Klasifikasi sebagai liabilitas atau ekuitas                            Classification as debt or equity

           Instrumen keuangan dan ekuitas yang                                    Debt and equity instruments issued by the
           diterbitkan oleh Grup diklasifikasikan sebagai                         Group are classified as either financial liabilities
           liabilitas keuangan atau ekuitas sesuai dengan                         or as equity in accordance with the substance
           substansi perjanjian kontraktual dan definisi                          of the contractual arrangements entered into
           liabilitas keuangan dan instrumen ekuitas.                             and the definitions of a financial liability and an
                                                                                  equity instrument.

           Liabilitas keuangan                                                    Financial liabilities

            Pengakuan dan Pengukuran Awal                                         Initial Recognition and Measurement

            Liabilitas keuangan diklasifikasikan sebagai                          Financial liabilities are classified as financial
            liabilitas keuangan yang diukur pada nilai wajar                      liabilities at fair value through profit or loss or
            melalui laba rugi atau liabilitas keuangan pada                       financial liabilities at amortized cost. The Group
            biaya perolehan diamortisasi. Grup menentukan                         determines the classification of its financial
            klasifikasi liabilitas keuangan mereka pada saat                      liabilities at initial recognition.
            pengakuan awal.

            Liabilitas keuangan awalnya diukur sebesar nilai                      Financial liabilities are initially measured at fair
            wajarnya. Biaya transaksi yang dapat                                  value. Transaction costs that are directly
            diatribusikan secara langsung dengan perolehan                        attributable to the acquisition of financial
            liabilitas keuangan (selain liabilitas keuangan                       liabilities (other than financial liabilities at fair
            yang diukur pada nilai wajar melalui laba rugi)                       value through profit or loss) are added to or
            ditambahkan atau dikurangkan dari nilai wajar                         deducted from the fair value of the financial
            liabilitas keuangan, yang sesuai, pada                                liabilities, as appropriate, on initial recognition.
            pengakuan awal. Biaya transaksi yang dapat                            Transaction costs directly attributable to the
            diatribusikan secara langsung dengan perolehan                        acquisition of financial liabilities at fair value
            liabilitas keuangan yang diukur pada nilai wajar                      through profit or loss are recognized
            melalui laba rugi langsung diakui dalam laba                          immediately in profit or loss.
            rugi.

            Liabilitas keuangan Grup terdiri dari utang bank                      The Group’s financial liabilities consist of short-
            jangka pendek, utang usaha, utang lain-lain,                          term bank loans, trade payables, other
            beban akrual, liabilitas imbalan kerja karyawan                       payables, accrued expenses, short-term
            jangka pendek, utang bank jangka panjang,                             employee benefits liabilities, long-term bank
            utang sewa pembiayaan, dan utang obligasi                             loans, finance lease payables, and bond
            diklasifikasikan sebagai liabilitas keuangan yang                     payables classified as financial liabilities at
            diukur dengan biaya diamortisasi. Grup tidak                          amortized cost. The Group has no financial
            memiliki liabilitas keuangan yang diukur pada                         liabilities at fair value through profit or loss.
            nilai wajar melalui laba rugi.

           Pengukuran Selanjutnya                                                 Subsequent Measurement

           Setelah pengakuan awal, liabilitas keuangan                            After initial recognition, interest-bearing
           yang dikenakan bunga diukur pada biaya                                 financial liabilities are subsequently measured
           perolehan diamortisasi dengan menggunakan                              at amortized cost using the Effective Interest
           metode Suku Bunga Efektif (SBE).                                       Rate (EIR) method.




                                                                30
Page 354
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                          STATEMENTS
               Tanggal 31 Desember 2025                                               As of December 31, 2025
              dan untuk tahun yang berakhir                                            and for year then ended
                  pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                     g. Financial Instruments (continued)

           Liabilitas Keuangan dan Instrumen Ekuitas                              Financial Liabilities and Equity Instruments
           (lanjutan)                                                             (continued)

           Liabilitas keuangan (lanjutan)                                        Financial liabilities (continued)

           Pengukuran Selanjutnya (lanjutan)                                     Subsequent Measurement (continued)

           Pada tanggal pelaporan, akrual beban bunga                             At the reporting dates, accrued interest expenses
           dicatat secara terpisah dari pokok pinjaman                            is recorded separately from the associated
           terkait dalam bagian liabilitas lancar. Keuntungan                     borrowings within the current liabilities section.
           atau kerugian harus diakui dalam laba rugi ketika                      Gains and losses are recognized in profit or loss
           liabilitas tersebut dihentikan pengakuannya serta                      when the liabilities are derecognized as well as
           melalui proses amortisasi SBE.                                         through the EIR amortization process.

           Biaya perolehan diamortisasi dihitung dengan                           Amortized cost is calculated by taking into
           mempertimbangkan diskonto atau premium atas                            account any discount or premium on acquisition
           perolehan dan komisi atau biaya yang                                   and fee or costs that are an integral part of the
           merupakan bagian tidak terpisahkan dari SBE.                           EIR. The EIR amortization is included in finance
           Amortisasi SBE dicatat sebagai beban                                   expenses in profit or loss.
           pembiayaan dalam laba rugi.

           Penghentian Pengakuan                                                  Derecognition

           Suatu     liabilitas  keuangan      dihentikan                         A financial liability is derecognized when
           pengakuannya ketika kewajiban yang ditetapkan                          the obligation under the liability is discharged or
           dalam kontrak dihentikan atau dibatalkan atau                          cancelled or has expired.
           kadaluarsa.

           Ketika liabilitas keuangan awal digantikan                             When an existing financial liability is replaced by
           dengan liabilitas keuangan lain dari pemberi                           another from the same lender on substantially
           pinjaman yang sama dengan ketentuan yang                               different terms, or the terms of an existing liability
           berbeda secara substansial, atau modifikasi                            are substantially modified, such an exchange or
           secara substansial atas liabilitas keuangan yang                       modification is treated as a derecognition of the
           saat ini ada, maka pertukaran atau modifikasi                          original liability and the recognition of a new
           tersebut dicatat sebagai penghapusan liabilitas                        liability, and the difference in the respective
           keuangan awal dan pengakuan liabilitas                                 carrying amounts is recognized in profit or loss.
           keuangan baru dan selisih antara nilai tercatat
           liabilitas keuangan tersebut diakui dalam laba
           rugi.

           Reklasifikasi Instrumen Keuangan                                      Reclassification of Financial Instruments

           Grup      diperkenankan      untuk    melakukan                       The Group is allowed to reclassify the financial
           reklasifikasi atas aset keuangan yang dimiliki jika                   assets owned if the Group changes the business
           Grup mengubah model bisnis untuk pengelolaan                          model for the management of financial assets
           aset keuangan dan Grup tidak diperkenankan                            and the Group is not allowed to reclassify the
           untuk melakukan reklasifikasi atas liabilitas                         financial liabilities.
           keuangan.

           Perubahan model bisnis sifatnya harus                                 The changes in the business model should
           berdampak secara signifikan terhadap kegiatan                         significantly impact the Group's operational
           operasional   Grup     seperti   memperoleh,                          activities such as acquiring, releasing or ending a
           melepaskan, atau mengakhiri suatu lini bisnis.                        line of business. In addition, the Group needs to
           Selain itu, Grup perlu membuktikan adanya                             prove the change to external parties.
           perubahan tersebut kepada pihak eksternal.
                                                                 31
Page 355
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2025                                           As of December 31, 2025
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                 g. Financial Instruments (continued)

           Reklasifikasi Instrumen Keuangan (lanjutan)                       Reclassification of Financial Instruments
                                                                             (continued)

           Grup akan mereklasifikasi seluruh aset                            The Group will reclassify all financial assets
           keuangan yang terkena dampak dari perubahan                       impacted by changes in the business model. The
           model bisnis. Perubahan tujuan model bisnis                       changes of the Group’s business model must
           Grup harus berdampak sebelum tanggal                              have an impact before the reclassification date.
           reklasifikasi.

           Yang bukan merupakan perubahan model                              The following are not considered as change in
           bisnis adalah: (a) Perubahan intensi berkaitan                    business model: (a) the change of intention
           dengan aset keuangan tertentu (bahkan dalam                       relates to certain financial assets (even in
           situasi perubahan signifikan dalam kondisi                        situations of significant changes in market
           pasar), (b) Hilangnya sementara pasar tertentu                    conditions), (b) temporary loss of certain markets
           untuk aset keuangan, dan (c) Pengalihan aset                      for financial assets, and (c) the transfer of
           keuangan antara bagian dari Grup dengan                           financial assets between parts of the Group and
           model bisnis berbeda.                                             different business models.

           Saling Hapus Instrumen Keuangan                                   Offsetting of Financial Instruments

           Aset keuangan dan liabilitas keuangan                             Financial assets and financial liabilities are offset
           disalinghapuskan dan nilai netonya disajikan                      and the net amount presented in the statement
           dalam laporan posisi keuangan jika Grup                           of financial position when the Group has a legally
           memiliki hak yang dapat dipaksakan secara                         enforceable right to set off the recognized
           hukum untuk melakukan saling hapus atas                           amounts; and intends either to settle on a net
           jumlah yang telah diakui; dan berintensi untuk                    basis, or to realise the asset and settle the
           menyelesaikan secara neto atau untuk                              liability simultaneously. A right to set-off must be
           merealisasikan aset dan menyelesaikan                             available today rather than being contingent on
           liabilitasnya secara simultan. Hak saling hapus                   a future event and must be exercisable by any of
           harus ada pada saat ini daripada bersifat                         the counterparties, both in the normal course of
           kontinjen atas terjadinya suatu peristiwa di                      business and in the event of default, insolvency,
           masa depan dan harus dieksekusi oleh pihak                        or bankruptcy.
           lawan, baik dalam situasi bisnis normal dan
           dalam peristiwa gagal bayar, peristiwa
           kepailitan, atau kebangkrutan.

           Pengukuran Nilai Wajar                                            Fair Value Measurement

           Grup mengukur pada pengakuan awal                                 The Group initially measures financial
           instrumen keuangan pada nilai wajar, dan aset                     instruments at fair value, and assets and
           dan liabilitas yang diakuisisi pada kombinasi                     liabilities of the acquirees upon business
           bisnis. Grup juga mengukur jumlah terpulihkan                     combinations. It also measures certain
           dari UPK tertentu berdasarkan nilai wajar                         recoverable amounts of the CGU using fair value
           dikurangi biaya pelepasan.                                        less cost of disposal (“FVLCD”).




                                                             32
Page 356
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                          STATEMENTS
               Tanggal 31 Desember 2025                                               As of December 31, 2025
              dan untuk tahun yang berakhir                                            and for year then ended
                  pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.     SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     g.    Instrumen Keuangan (lanjutan)                                     g. Financial Instruments (continued)

           Pengukuran Nilai Wajar (lanjutan)                                     Fair Value Measurement (continued)

           Nilai wajar adalah harga yang akan diterima dari                       Fair value is the price that would be received to
           menjual suatu aset atau harga yang akan                                sell an asset or paid to transfer a liability in an
           dibayar untuk mengalihkan suatu liabilitas                             orderly transaction between market participants
           dalam transaksi teratur antara pelaku pasar                            at the measurement date. The fair value
           pada tanggal pengukuran. Pengukuran nilai                              measurement is based on the presumption that
           wajar mengasumsikan bahwa transaksi untuk                              the transaction to sell the asset or transfer the
           menjual aset atau mengalihkan liabilitas terjadi:                      liability takes place either:
           i. di pasar utama untuk aset atau liabilitas                           i. in the principal market for the asset or liability,
               tersebut, atau                                                          or
           ii. jika tidak terdapat pasar utama, di pasar                          ii. in the absence of a principal market, in the
               yang paling menguntungkan untuk aset atau                               most advantageous market for the asset or
               liabilitas tersebut.                                                    liability.

           Pasar utama atau pasar yang paling                                    The principal or the most advantageous market
           menguntungkan tersebut harus dapat diakses                            must be accessible to by the Group.
           oleh Grup.

           Nilai wajar dari aset atau liabilitas diukur dengan                    The fair value of an asset or a liability is
           menggunakan asumsi yang akan digunakan                                 measured using the assumptions that market
           pelaku pasar ketika menentukan harga aset                              participants would use when pricing the asset or
           atau liabilitas tersebut, dengan asumsi bahwa                          liability, assuming that market participants act in
           pelaku pasar bertindak dalam kepentingan                               their economic best interest.
           ekonomi terbaiknya.

     h.    Kas dan setara kas                                               h.   Cash and cash equivalents

           Kas dan setara kas terdiri dari kas dan bank                           Cash and cash equivalents consist of cash on
           serta deposito berjangka dengan jatuh tempo                            hand and in banks, and short-term deposits with
           kurang dari tiga (3) bulan dan tidak digunakan                         maturities within three (3) months or less and not
           sebagai jaminan atas pinjaman dan tidak                                pledged as collateral and are not restricted. For
           dibatasi penggunaannya. Untuk kepentingan                              the purpose of the consolidated statements of
           laporan arus kas konsolidasian, kas dan setara                         cash flows, cash and cash equivalents consist of
           kas terdiri dari kas dan bank dan deposito                             cash on hand and in banks and short-term
           berjangka sebagaimana didefinisikan di atas.                           deposits as defined above.

           Kas yang dibatasi penggunaannya disajikan                              Restricted cash are presented separately from
           secara terpisah dari kas dan setara kas.                               cash and cash equivalents.

     i.    Persediaan                                                       i.    Inventories

           Persediaan diakui sebesar nilai yang lebih                             Inventories are stated at the lower of cost or net
           rendah antara biaya perolehan atau nilai                               realizable value. Cost is determined on the
           realisasi neto. Biaya perolehan persediaan                             average cost method and comprises all costs of
           ditentukan dengan menggunakan metode biaya                             purchase, costs of conversion and other costs
           rata-rata yang meliputi seluruh biaya-biaya                            incurred in bringing the inventory to its present
           yang terjadi untuk memperoleh persediaan                               location and condition. Net realizable value is the
           tersebut sampai ke lokasi dan kondisinya saat                          estimated selling price in the ordinary course of
           ini. Nilai realisasi neto persediaan adalah                            business, less estimated costs of completion and
           estimasi harga jual dalam kegiatan usaha biasa                         the estimated costs to sale.
           dikurangi estimasi biaya penyelesaian dan
           estimasi biaya untuk menjual.

                                                                 33
Page 357
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                     STATEMENTS
               Tanggal 31 Desember 2025                                          As of December 31, 2025
              dan untuk tahun yang berakhir                                       and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     j.    Aset biologis                                                 j.   Biological assets

           Aset biologis terkait dengan hasil pertanian                       Biological assets relate to agricultural produce
           yang tumbuh pada tanaman produktif yang                            growing on bearer plants which is referred to as
           disebut sebagai Tandan Buah Segar ("TBS")                          Fresh Fruit Bunches (“FFB”) and are stated at
           dan dinyatakan dengan nilai wajar setelah                          fair value less costs to sell. Gains or losses
           dikurangi biaya untuk menjual. Keuntungan                          arising from the changes in fair value less
           atau kerugian yang timbul dari perubahan                           estimated costs to sell of FFB at each reporting
           dalam nilai wajar setelah dikurangi dengan                         date are recognized in profit or loss for the
           taksiran biaya untuk menjual TBS pada setiap                       period in which they arise.
           tanggal pelaporan diakui dalam laba rugi untuk
           periode saat terjadinya.

           Nilai wajar aset biologis diperkirakan dengan                      The fair value of biological assets is estimated
           mengacu       pada    jumlah    panen    yang                      by reference to the projected harvest quantities
           diproyeksikan dan harga pasar TBS pada                             and market price of FFB as at the reporting
           tanggal pelaporan, setelah dikurangi biaya                         date, net of transportation, harvesting costs and
           transportasi, panen dan perkiraan biaya untuk                      estimated cost to sell.
           menjual.

     k.    Aset tetap dan tanaman produktif                              k.   Fixed assets and bearer plants

           Tanaman produktif                                                  Bearer plants

           Tanaman produktif dikelompokkan menjadi                            Bearer plants are classified as immature
           tanaman belum menghasilkan dan tanaman                             plantations and mature plantations.
           menghasilkan.

           Tanaman belum menghasilkan                                         Immature plantations

           Seluruh biaya yang berhubungan dengan                              All costs relating to the development of the oil
           pengembangan perkebunan kelapa sawit milik                         palm plantations for the Company’s own
           Perusahaan (perkebunan) termasuk alokasi                           operations (plantations) together with a portion
           biaya tidak langsung, yang meliputi biaya umum                     of indirect overheads, including general and
           dan     administrasi   untuk   pengembangan                        administrative expenses and borrowing costs
           tanaman belum menghasilkan, serta biaya                            incurred in relation to loans used in financing for
           pinjaman sehubungan dengan pinjaman yang                           development of immature plantations are
           digunakan untuk membiayai pengembangan                             capitalized until commercial production is
           perkebunan dikapitalisasi sampai produksi                          achieved. These costs will be transferred to
           komersial telah dicapai. Biaya-biaya tersebut                      mature     plantations      starting    from   the
           akan dipindahkan ke tanaman menghasilkan                           commencement of commercial production.
           sejak produksi komersial dimulai.

           Tanaman menghasilkan                                               Mature plantations

           Secara umum, tanaman kelapa sawit                                  In general, an palm oil plantation takes about
           memerlukan jangka waktu sekitar 3 sampai 4                         3 to 4 years to reach maturity from the time
           tahun sejak penanaman bibit di area                                seedling is planted into the field. Actual time to
           perkebunan    untuk     menjadi    tanaman                         maturity is dependent upon vegetative growth
           menghasilkan. Jangka waktu untuk menjadi                           and is assessed by management.
           tanaman menghasilkan tergantung pada tingkat
           pertumbuhan    tanaman     dan     penilaian
           manajemen.

           Tanaman menghasilkan dicatat sebesar biaya                         Mature plantations are stated at cost and are
           perolehan dan diamortisasi selama dua puluh                        amortized over the twenty (20) years starting
           (20) tahun terhitung sejak produksi komersial                      from the commencement of commercial
           dimulai.                                                           production.
                                                            34
Page 358
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     k.    Aset tetap dan tanaman produktif (lanjutan)                 k.   Fixed assets and bearer plants (continued)

           Aset tetap                                                       Fixed assets

           Seluruh aset tetap awalnya diakui sebesar                        All fixed assets are initially recognized at cost,
           biaya perolehan, yang terdiri atas harga                         which comprises its purchase price and any
           perolehan dan biaya-biaya tambahan yang                          costs directly attributable in bringing the asset
           dapat diatribusikan langsung untuk membawa                       to the location and condition necessary for it to
           aset ke lokasi dan kondisi yang diinginkan                       be capable of operating in the manner intended
           supaya aset tersebut siap digunakan sesuai                       by management.
           dengan maksud manajemen.

           Setelah pengakuan awal, aset tetap, kecuali                      Subsequent to initial recognition, fixed assets,
           tanah, dinyatakan pada biaya perolehan                           except for land, are carried at cost less any
           dikurangi akumulasi penyusutan dan akumulasi                     subsequent accumulated depreciation and
           rugi penurunan nilai.                                            impairment losses.

           Biaya perolehan termasuk biaya penggantian                       Cost includes the cost of replacing part of the
           bagian aset tetap saat biaya tersebut terjadi,                   fixed assets when that cost is incurred, if the
           jika memenuhi kriteria pengakuan. Selanjutnya,                   recognition criteria are met. Likewise, when a
           jika dilakukan penggantian yang signifikan,                      major replacement is performed, its cost is
           biaya penggantian itu diakui ke dalam jumlah                     recognized in the carrying amount of the fixed
           tercatat aset tetap sebagai suatu penggantian                    assets as a replacement if the recognition
           jika memenuhi kriteria pengakuan. Semua                          criteria are satisfied. All other repairs and
           biaya pemeliharaan dan perbaikan yang tidak                      maintenance costs that do not meet the
           memenuhi kriteria pengakuan diakui dalam                         recognition criteria are recognized in the
           laporan laba rugi komprehensif konsolidasian.                    consolidated statement of comprehensive
                                                                            income.

           Tanah dicatat sebesar biaya perolehan dan                        Land is stated at cost and is not depreciated.
           tidak didepresiasi.

           Suatu    kelompok   aset   tetap   adalah                        A class of fixed assets is a grouping of asset of
           pengelompokan aset-aset yang memiliki sifat                      a similar nature and use in an entity’s
           dan kegunaan yang serupa dalam operasi                           operations.
           entitas.

           Penyusutan aset tetap dimulai pada saat aset                     Depreciation of a fixed asset starts when it is
           tersebut siap untuk digunakan sesuai maksud                      available for use and is computed using the
           penggunaannya       dan     dihitung dengan                      straight line method based on the estimated
           menggunakan metode garis lurus berdasarkan                       useful lives and depreciation rate of the assets
           estimasi umur manfaat ekonomi dan tarif                          as follows:
           depresiasi sebagai berikut:

                                             Estimasi umur
                                            manfaat (tahun)/
                                            Estimated useful           Tarif/
                                              lives (years)            Rate

            Bangunan                          10 - 20            5,00% - 10,00%                                     Buildings
            Prasarana                           10                   10,00%                                   Infrastructures
            Kendaraan dan alat berat             5                   20,00%                   Vehicles and heavy equipment
            Mesin dan peralatan                  8                   12,50%                       Machinery and equipment
            Perabotan dan perlengkapan kantor    5                   20,00%                            Furniture and fixtures




                                                            35
Page 359
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     k.    Aset tetap dan tanaman produktif (lanjutan)                  k.   Fixed assets and bearer plants (continued)

           Aset tetap (lanjutan)                                             Fixed assets (continued)

           Aset     dalam     penyelesaian    merupakan                      Construction in progress represents the
           akumulasi biaya bahan dan biaya relevan                           accumulated costs of materials and other
           lainnya sampai dengan tanggal dimana aset                         relevant costs up to the date when the asset is
           tersebut telah selesai dan siap untuk                             complete and ready for service. These costs
           digunakan. Biaya-biaya tersebut direklasifikasi                   are reclassified to the respective fixed asset
           ke aset tetap yang bersangkutan ketika aset                       accounts when the asset has been made ready
           tersebut telah siap dipakai.                                      for use.

           Aset tetap dihentikan pengakuannya pada saat                      An item of fixed assets is derecognized upon
           dilepaskan atau saat tidak ada manfaat                            disposal or when no future economic benefits
           ekonomis masa depan yang diharapkan dari                          are expected from its use or disposal. Any gain
           penggunaan atau pelepasannya. Keuntungan                          or loss arising on derecognition of the asset
           atau kerugian yang timbul dari penghentian                        (calculated as the difference between the net
           pengakuan aset (dihitung sebagai perbedaan                        disposal proceeds and the carrying amount of
           antara hasil neto pelepasan dan jumlah tercatat                   the asset) is included as profit or loss in the year
           dari aset) dimasukkan dalam laba rugi pada                        the asset is derecognized.
           tahun aset tersebut dihentikan pengakuannya.

           Pada setiap akhir tahun buku, nilai residu, umur                  The asset’s residual values, useful lives and
           manfaat dan metode penyusutan ditelaah                            methods of depreciation are reviewed, and
           kembali, dan jika sesuai dengan keadaan,                          adjusted prospectively if appropriate, at each
           disesuaikan secara prospektif.                                    financial year end.

     l.    Biaya pinjaman                                               l.   Borrowing costs
           Biaya pinjaman yang dapat diatribusikan                           Borrowing costs that are directly attributable to
           langsung dengan perolehan, pembangunan,                           the acquisition, construction or production of a
           atau      pembuatan      aset     kualifikasian                   qualifying asset are capitalized as part of the
           dikapitalisasi sebagai bagian biaya perolehan                     cost of the related asset. Otherwise, borrowing
           aset tersebut. Biaya pinjaman lainnya diakui                      costs are recognized as expenses when
           sebagai beban pada saat terjadi. Biaya                            incurred. Borrowing costs consist of interests
           pinjaman terdiri dari biaya bunga dan biaya                       and other financing charges that the Group
           keuangan lain yang ditanggung Grup                                incurs in connection with the borrowing of
           sehubungan dengan peminjaman dana.                                funds.

           Kapitalisasi biaya pinjaman dimulai pada saat                     Capitalization of borrowing costs commences
           aktivitas      yang      diperlukan      untuk                    when the activities to prepare the qualifying
           mempersiapkan aset agar dapat digunakan                           asset for its intended use are in progress and
           sesuai dengan maksudnya sedang terjadi serta                      the expenditures for the qualifying assets and
           pengeluaran untuk aset kualifikasian dan biaya                    the borrowing costs have been incurred.
           pinjaman telah terjadi. Kapitalisasi biaya                        Capitalization of borrowing costs ceases when
           pinjamannya dihentikan pada saat selesainya                       substansially all the activities necessary to
           secara substansi seluruh aktivitas yang                           prepare the qualifying assets are substantially
           diperlukan     untuk    mempersiapkan     aset                    completed for their intended use.
           kualifikasian agar dapat digunakan sesuai
           dengan maksudnya.




                                                              36
Page 360
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     m. Piutang plasma                                                     m. Plasma receivables

           Entitas-entitas anak tertentu dalam Grup                             Certain subsidiaries within the Group
           (secara bersama-sama disebut sebagai                                 (collectively referred to as the “Nucleus
           “Perusahaan Inti”), memiliki komitmen dengan                         Companies”), have commitments with several
           beberapa Koperasi Unit Desa (“KUD”) yang                             rural cooperatives (“KUD” or Koperasi Unit
           mewadahi        petani      plasma      untuk                        Desa) representing plasma farmers to develop
           mengembangkan          perkebunan     plasma                         plantations as required by the Indonesian
           sebagaimana diwajibkan oleh pemerintah                               government.
           Indonesia.

           Pembiayaan atas pengembangan perkebunan                              The financing of these plasma plantations are
           plasma ini diperoleh melalui pinjaman dari                           mainly provided by the banks while the Nucleus
           bank, sedangkan Perusahaan Inti memberikan                           Companies provide additional temporary loans
           tambahan       pinjaman    sementara     untuk                       to help the plasma farmers repay the principal
           membantu para petani plasma membayar                                 and interest while the plasma plantations are
           pokok pinjaman beserta bunga sementara                               not yet at productive stage. The Nucleus
           perkebunan plasma belum mencapai tahap                               Companies provide corporate guarantees to the
           produktif. Perusahaan Inti memberikan jaminan                        related credit facilities provided by the banks.
           perusahaan (corporate guarantee) untuk                               The plasma receivables presented in the
           fasilitas pinjaman terkait yang diperoleh dari                       consolidated statement of financial position
           bank. Piutang plasma yang disajikan dalam                            consist of accumulated development costs are
           laporan posisi keuangan konsolidasian terdiri                        temporarily bailed by the Nucleus Companies to
           atas akumulasi biaya-biaya pengembangan                              the KUD or plasma farmers.
           yang untuk sementara ditalangi oleh
           Perusahaan Inti kepada KUD atau petani
           plasma.

           Piutang plasma diklasifikasikan sebagai aset                         Plasma receivables are classified as financial
           keuangan pada biaya perolehan diamortisasi                           assets at amortized cost under PSAK 109
           sesuai dengan PSAK 109 “Instrumen                                    “Financial Instruments”. Further accounting
           Keuangan”. Kebijakan akuntansi lebih lanjut                          policies on plasma receivables are disclosed in
           atas piutang plasma diungkapkan pada bagian                          “Financial Instruments” section of this Note
           “Instrumen Keuangan” dari Catatan ini.

     n.    Penurunan nilai aset non-keuangan                               n.   Impairment of non-financial assets

           Pada setiap akhir periode pelaporan, Grup                            The Group assesses at each annual reporting
           menilai apakah terdapat indikasi suatu aset                          period whether there is an indication that an
           mengalami penurunan nilai. Jika terdapat                             asset may be impaired. If any such indication
           indikasi tersebut atau pada saat pengujian                           exists, or when annual impairment testing for an
           tahunan atas penurunan nilai aset tertentu                           asset (i.e., an intangible asset with an indefinite
           (yaitu aset tak berwujud dengan umur manfaat                         useful life, an intangible asset not yet available
           tidak terbatas, aset tak berwujud yang belum                         for use, or goodwill acquired in a business
           dapat digunakan, atau goodwill yang diperoleh                        combination) is required, the Group makes an
           dalam suatu kombinasi bisnis) diperlukan,                            estimate of the asset’s recoverable amount.
           maka Grup membuat estimasi atas jumlah
           terpulihkan aset tersebut.

           Jumlah terpulihkan suatu aset adalah jumlah                          An asset’s recoverable amount is the higher of
           yang lebih tinggi antara nilai wajar dari aset atau                  the asset’s or Cash Generating Unit (“CGU”)’s
           Unit Penghasil Kas (“UPK”) tersebut dikurangi                        fair value less costs to sell and its value in use,
           biaya untuk menjual, dan nilai pakainya, dan                         and is determined for an individual asset, unless
           nilai tersebut ditentukan untuk aset individual,                     the asset does not generate cash inflows that
           kecuali aset tersebut tidak menghasilkan arus                        are largely independent of those from other
           kas masuk yang sebagian besar independen                             assets or groups of assets.
           dari aset lainnya atau kelompok aset lain.


                                                                 37
Page 361
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     n.    Penurunan       nilai    aset     non-keuangan                  n.   Impairment        of     non-financial       assets
           (lanjutan)                                                           (continued)

           Jika nilai tercatat aset lebih besar dari nilai                      Where the carrying amount of an asset exceeds
           terpulihkannya, maka aset tersebut dianggap                          its recoverable amount, the asset is considered
           mengalami penurunan nilai dan nilai tercatat                         impaired and is written down to its recoverable
           aset tersebut diturunkan menjadi sebesar nilai                       amount. Impairment losses of continuing
           terpulihkan. Kerugian penurunan nilai dari                           operations, if any, are recognized in profit or
           operasi yang berkelanjutan, jika ada, diakui                         loss in those expense categories consistent
           dalam laba rugi sesuai dengan kategori biaya                         with the function of the impaired asset. In
           yang konsisten dengan fungsi dari aset yang                          assessing the value in use, the estimated net
           diturunkan nilainya. Dalam menghitung nilai                          future cash flows are discounted to their
           pakai, estimasi arus kas masa depan neto                             present value using a pretax discount rate that
           didiskontokan     ke     nilai   kini    dengan                      reflects current market assessments of the time
           menggunakan tingkat diskonto sebelum pajak                           value of money and the risks specific to the
           yang menggambarkan penilaian pasar kini dari                         asset.
           nilai waktu uang dan risiko spesifik atas aset.

           Untuk aset selain goodwill, penilaian dilakukan                      For assets excluding goodwill, an assessment
           pada akhir setiap tanggal pelaporan apakah                           is made at each reporting dates as to whether
           terdapat indikasi bahwa rugi penurunan nilai                         there is any indication that previously
           yang telah diakui dalam periode sebelumnya                           recognized impairment losses may no longer
           mungkin tidak ada lagi atau mungkin telah                            exist or may have decreased. If such indication
           menurun. Jika indikasi dimaksud ditemukan,                           exists, the recoverable amount is estimated. A
           maka entitas mengestimasi jumlah terpulihkan                         previously recognized impairment loss for an
           aset tersebut. Kerugian penurunan nilai yang                         asset other than goodwill is reversed only if
           telah diakui dalam periode sebelumnya untuk                          there has been a change in the assumptions
           aset selain goodwill dibalik hanya jika terdapat                     used to determine the asset’s recoverable
           perubahan asumsi-asumsi yang digunakan                               amount since the last impairment loss was
           untuk menentukan jumlah terpulihkan aset                             recognized. If that is the case, the carrying
           tersebut sejak rugi penurunan nilai terakhir                         amount of the asset is increased to its
           diakui. Dalam hal ini, jumlah tercatat aset                          recoverable amount.
           dinaikkan ke jumlah terpulihkannya.

           Pembalikan tersebut dibatasi sehingga jumlah                         The reversal is limited so that the carrying
           tercatat   aset    tidak   melebihi   jumlah                         amount of the assets does not exceed its
           terpulihkannya maupun jumlah tercatat, neto                          recoverable amount, nor exceed the carrying
           setelah penyusutan, seandainya tidak ada rugi                        amount that would have been determined, net
           penurunan nilai yang telah diakui untuk aset                         of depreciation, had no impairment loss been
           tersebut pada tahun sebelumnya.                                      recognized for the asset in prior year.

           Pembalikan rugi penurunan nilai diakui dalam                         Reversal of an impairment loss is recognized in
           laba rugi. Setelah pembalikan tersebut,                              profit or loss. After such a reversal, the
           penyusutan aset tersebut disesuaikan di                              depreciation charge on the said asset is
           periode mendatang untuk mengalokasikan                               adjusted in future periods to allocate the asset’s
           jumlah tercatat aset yang direvisi, dikurangi nilai                  revised carrying amount, less any residual
           sisanya, dengan dasar yang sistematis selama                         value, on a systematic basis over its remaining
           sisa umur manfaatnya.                                                useful life.

     o.    Sewa                                                            o.   Lease

           Grup menerapkan PSAK No. 116 yang                                    The Group has adopted PSAK No. 116, which
           mensyaratkan pengakuan liabilitas sewa                               sets the requirement for recognition of lease
           sehubungan dengan sewa yang sebelumnya                               liabilities in relation to leases which had
           diklasifikasikan sebagai 'sewa operasi'.                             previously been classified as 'operating leases'.




                                                                 38
Page 362
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                   STATEMENTS
               Tanggal 31 Desember 2025                                        As of December 31, 2025
              dan untuk tahun yang berakhir                                     and for year then ended
                  pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     o.    Sewa (lanjutan)                                             o. Lease (continued)

           Pada tanggal permulaan kontrak, Grup menilai                   At the inception of a contract, the Group
           apakah kontrak merupakan, atau mengandung,                     assesses whether the contract is, or contains, a
           sewa. Suatu kontrak merupakan atau                             lease. A contract is or contains a lease if the
           mengandung sewa jika kontrak tersebut                          contract conveys the right to control the use of an
           memberikan     hak   untuk    mengendalikan                    identified asset for a period of time in exchange
           penggunaan aset identifikasian selama suatu                    for consideration.
           jangka waktu untuk dipertukarkan dengan
           imbalan.

           Untuk menilai apakah kontrak memberikan hak                    To assess whether a contract conveys the right
           untuk mengendalikan penggunaan aset                            to control the use of an identified asset, the Group
           identifikasian,   Grup      mempertimbangkan                   considers whether:
           apakah:
           - Grup memiliki hak untuk mendapatkan                          -   The Group has the right to obtain
               secara subtansial seluruh manfaat ekonomi                      substantially all the economic benefits from
               dari penggunaan aset identifikasian; dan                       use of the asset throughout the period of
           - Grup memiliki hak untuk mengarahkan                              use; and
               penggunaan aset identifikasian. Grup                       -   The Group has the right to direct the use of
               memiliki hak ini ketika Grup memiliki hak                      the asset. The Group has this right when it
               untuk pengambilan keputusan yang relevan                       has the decision-making rights that are the
               tentang penentuan bagaimana dan untuk                          most relevant to changing the determination
               tujuan apa aset digunakan telah ditentukan                     of how and for what purpose the asset is
               sebelumnya dan:                                                used and:
               1. Grup        memiliki     hak       untuk                    1. The Group has the right to operate the
                    mengoperasikan aset; atau                                     asset; or
               2. Grup telah mendesain aset dengan cara                       2. The Group has designed the asset in a
                    menetapkan sebelumnya bagaimana                               way that predetermines how and for what
                    dan untuk tujuan apa aset akan                                purpose it will be used.
                    digunakan       selama        periode
                    penggunaan.

           Pada tanggal insepsi atau pada penilaian                      At the inception date or on reassessment of a
           kembali atas kontrak yang mengandung                          contract that contains a lease component, the
           sebuah komponen sewa, Grup mengalokasikan                     Group allocates the consideration in the contract
           imbalan dalam kontrak ke masing-masing                        to each lease component on the basis of the
           komponen sewa berdasarkan harga tersendiri                    relative stand-alone prices and the aggregate
           relatif dari komponen sewa dan harga tersendiri               stand-alone price of the non-lease components.
           agregat dari komponen non-sewa.




                                                             39
Page 363
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.     SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     o.    Sewa (lanjutan)                                                o. Lease (continued)

           Pada tanggal permulaan sewa, Grup mengakui                         The Group recognizes a right-of-use asset and a
           aset hak-guna dan liabilitas sewa. Aset hak                        lease liability at the lease commencement date.
           guna diukur pada biaya perolehan, dimana                           The right-of-use asset is initially measured at
           meliputi jumlah pengukuran awal liabilitas sewa                    cost, which comprises the initial amount of the
           yang disesuaikan dengan pembayaran sewa                            lease liability adjusted for any lease payment
           yang dilakukan pada atau sebelum tanggal                           made at or before the commencement date, plus
           permulaan, ditambah dengan biaya langsung                          any initial direct cost incurred and an estimate of
           awal yang dikeluarkan dan estimasi biaya yang                      costs to dismantle and remove the underlying
           akan dikeluarkan untuk membongkar dan                              asset or to restore the underlying asset to the
           memindahkan aset pendasar atau untuk                               condition required by the terms and conditions of
           merestorasi aset pendasar ke kondisi yang                          the lease, less any lease incentives received.
           disyaratkan dan ketentuan sewa, dikurangi
           dengan insentif sewa yang diterima.

           Aset hak guna kemudian disusutkan                                  The right-of-use asset is subsequently
           menggunakan metode garis lurus dari tanggal                        depreciated using the straight-line method from
           permulaan hingga tanggal yang lebih awal                           the commencement date to the earlier of the end
           antara akhir umur manfaat aset hak-guna atau                       of the useful life of the right-of-use asset or the
           akhir masa sewa.                                                   end of the lease term.

           Liabilitas sewa diukur pada nilai kini                             The lease liability is initially measured at the
           pembayaran sewa yang belum dibayar pada                            present value of the lease payments that are not
           tanggal permulaan, didiskontokan dengan                            paid at the commencement date, discounted
           menggunakan suku bunga implisit dalam sewa                         using the interest rate implicit in the lease or, if
           atau jika suku bunga tersebut tidak dapat                          that rate cannot be readily determined, using the
           ditentukan, maka menggunakan suku bunga                            incremental borrowing rate. Generally, the Group
           pinjaman inkremental. Pada umumnya, Grup                           uses its incremental borrowing rate as the
           menggunakan      suku      bunga     pinjaman                      discount rate.
           inkremental sebagai tingkat bunga diskonto.

           Pembayaran sewa yang termasuk dalam                                Lease payments included in the measurement of
           pengukuran     liabilitas  sewa    meliputi                        the lease liability comprise fixed payments,
           pembayaran tetap, termasuk pembayaran tetap                        including in-substance fixed payments less any
           secara substansi dikurangi dengan piutang                          lease incentive receivable.
           insentif sewa.

           Setiap pembayaran sewa dialokasikan sebagai                        Each lease payment is allocated between finance
           beban keuangan dan pengurangan liabilitas                          charges and reduction of the lease liability so as to
           sehingga menghasilkan tingkat suku bunga                           achieve a constant rate on the finance balance
           yang konstan atas saldo liabilitas yang tersisa.                   outstanding.

            Pembayaran yang terkait dengan sewa guna                          Payments associated with short-term leases and
            usaha jangka pendek dan sewa guna aset                            leases of low-value assets are recognized on a
            bernilai rendah diakui berdasarkan basis garis                    straight-line basis as an expense in the statements
            lurus sebagai beban dalam laporan laba rugi.                      of profit or loss. Short-term leases are leases with
            Sewa jangka pendek adalah sewa dengan                             a lease term up to 12 months.
            jangka waktu sewa hingga 12 bulan.




                                                              40
Page 364
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                           STATEMENTS
               Tanggal 31 Desember 2025                                                As of December 31, 2025
              dan untuk tahun yang berakhir                                             and for year then ended
                  pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                            2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     p.    Pajak penghasilan badan                                             p.   Corporate income tax

            Pajak Final                                                             Final Tax

            Peraturan perpajakan di Indonesia mengatur                              Tax regulation in Indonesia determined that
            beberapa jenis penghasilan dikenakan pajak                              certain taxable income is subject to final tax.
            yang bersifat final. Pajak final yang dikenakan                         Final tax applied to the gross value of
            atas nilai bruto transaksi tetap dikenakan                              transaction is applied even when the parties
            walaupun atas transaksi tersebut pelaku                                 carrying the transaction recognize losses.
            transaksi mengalami kerugian.

            Pajak final tidak termasuk dalam lingkup yang                            Final tax is no longer governed by
            diatur oleh PSAK No. 212. Oleh karena itu, Grup                          PSAK No. 212. Therefore, the Group has
            memutuskan untuk menyajikan beban pajak                                  decided to present all of the final tax arising
            final sehubungan dengan penghasilan sewa                                 from land rent revenue and interest income
            tanah dan pendapatan bunga dari bank sebagai                             from banks as separate line item.
            pos tersendiri.

            Perbedaan antara nilai tercatat dari aset                                The difference between the carrying amount of
            revaluasian dan dasar pengenaan pajak                                    a revalued asset and its tax base is a
            merupakan perbedaan termporer sehingga                                   temporary difference and gives rise to a
            menimbulkan liabilitas atau aset pajak                                   deferred tax liability or asset, except for certain
            tangguhan, kecuali untuk aset tertentu seperti                           asset such as land, which realization is taxed
            tanah yang pada saat realisasinya dikenakan                              with final tax on gross value of transaction.
            pajak final yang dikenakan atas nilai bruto
            transaksi.

           Pajak Kini                                                                Current Tax

            Aset dan liabilitas pajak kini untuk tahun berjalan                      Current income tax assets and liabilities for the
            diukur sebesar jumlah yang diharapkan dapat                              current period are measured at the amount
            direstitusi dari atau dibayarkan kepada otoritas                         expected to be recovered from or paid to the
            perpajakan.                                                              taxation authority.

            Beban pajak kini ditentukan berdasarkan laba                             Current tax expense is determined based on
            kena pajak tahun berjalan yang dihitung                                  the taxable profit for the year computed using
            berdasarkan tarif pajak yang berlaku.                                    the prevailing tax rates.

            Kekurangan/kelebihan     pembayaran       pajak                          Underpayment/overpayment of income tax is
            penghasilan dicatat sebagai bagian dari “Beban                           presented as part of “Tax Expense - Current”
            Pajak Kini” dalam laporan laba rugi dan                                  in the consolidated statements of profit or loss
            penghasilan komprehensif lain konsolidasian.                             and other comprehensive income. The Group
            Grup juga menyajikan bunga/denda, jika ada,                              also presented interest/penalty, if any, as part
            sebagai bagian dari “Beban Pajak Kini”.                                  of “Tax Expense - Current”.

            Koreksi terhadap liabilitas perpajakan diakui                           Amendments to tax obligations are recorded
            pada saat surat ketetapan pajak diterima atau,                          when a tax assessment letter is received or, if
            jika diajukan keberatan, pada saat keputusan                            appealed against, when the result of the
            atas keberatan ditetapkan.                                              appeal is determined.




                                                                  41
Page 365
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     p.    Pajak penghasilan badan (lanjutan)                              p.   Corporate income tax (continued)

           Pajak Kini (lanjutan)                                                Current Tax (continued)

           Sebagai tanggapan terhadap penerapan                                 In response to the implementation of the
           kerangka Pilar 2 Organisasi untuk Kerja Sama                         Organisation for Economic Co-operation and
           dan Pembangunan Ekonomi (Organisation for                            Development (“OECD”) Pillar 2 framework rule
           Economic Co-operation and Development atau                           (“Pillar 2”), on December 31, 2024, Indonesian
           "OECD"), pada tanggal 31 Desember 2024,                              Government implemented Pillar 2 framework
           Pemerintah Indonesia menetapkan aturan                               through Ministry of Finance Regulation No.
           kerangka Pilar 2 (Pilar 2”) melalui Peraturan                        136/2024 (PMK 136/2024). The Pillar 2 model
           Menteri Keuangan No. 136/2024 (PMK                                   rules as implemented under PMK 136/2024 will
           136/2024). Pilar 2 sesuai PMK 136/2024 akan                          take effect for fiscal years beginning on or after
           berlaku untuk tahun fiskal yang dimulai pada                         January 1, 2025. For the year ended December
           atau setelah tanggal 1 Januari 2025. Untuk                           31, 2025, the Group has applied amendments
           tahun yang berakhir pada 31 Desember 2025,                           to PSAK 212: Income Taxes, which provide
           Grup telah menerapkan amandemen PSAK                                 mandatory        temporary     exception     from
           212: Pajak Penghasilan, yang memberikan                              recognizing or disclosing deferred taxes related
           pengecualian wajib sementara dari pengakuan                          to Pillar 2. PMK 136/2024 applies new taxing
           atau pengungkapan pajak tangguhan terkait                            mechanisms under which a Multinational
           Pilar 2. PMK 136/2024 menerapkan mekanisme                           Enterprises (“MNE”) should pay a top-up tax in
           perpajakan       baru      yang      mensyaratkan                    a jurisdiction whenever their efective tax rate,
           Perusahaan Multinasional ("PMN") untuk                               determined on a jurisdictional basis under the
           membayar pajak tambahan pada yurisdiksi                              Pillar 2, is below a 15% minimum rate.
           tertentu ketika tarif pajak efektif yang ditentukan
           per yurisdiksi menurut Pilar 2 lebih rendah dari
           tarif minimum 15%.

           Pajak Tangguhan                                                      Deferred Tax

           Aset dan liabilitas pajak tangguhan diakui                           Deferred tax assets and liabilities are
           menggunakan        metode     liabilitas    atas                     recognized using the liability method for the
           konsekuensi pajak pada masa mendatang yang                           future tax consequences attributable to
           timbul dari perbedaan jumlah tercatat aset dan                       differences between the carrying amounts of
           liabilitas   menurut     laporan       keuangan                      existing assets and liabilities in the consolidated
           konsolidasian dengan dasar pengenaan pajak                           financial statements and their respective tax
           aset dan liabilitas pada setiap tanggal                              bases at each reporting date. Deferred tax
           pelaporan. Liabilitas pajak tangguhan diakui                         liabilities are recognized for all taxable
           untuk semua perbedaan temporer kena pajak                            temporary differences and deferred tax assets
           dan aset pajak tangguhan diakui untuk                                are recognized for deductible temporary
           perbedaan temporer yang boleh dikurangkan                            differences and accumulated fiscal losses to the
           dan akumulasi rugi fiskal, sepanjang besar                           extent that it is probable that taxable profit will
           kemungkinan perbedaan temporer yang boleh                            be available in future years against which the
           dikurangkan dan akumulasi rugi fiskal tersebut                       deductible      temporary       differences     and
           dapat dimanfaatkan untuk mengurangi laba                             accumulated fiscal losses can be utilized.
           kena pajak pada masa depan.




                                                                 42
Page 366
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                     STATEMENTS
               Tanggal 31 Desember 2025                                          As of December 31, 2025
              dan untuk tahun yang berakhir                                       and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     p.    Pajak penghasilan badan (lanjutan)                            p.   Corporate income tax (continued)

           Pajak Tangguhan (lanjutan)                                          Deferred Tax (continued)

           Jumlah tercatat aset pajak tangguhan ditelaah                       The carrying amount of a deferred tax asset is
           ulang pada akhir setiap periode pelaporan dan                       reviewed at the end of each reporting period
           diturunkan apabila laba fiskal mungkin tidak                        and reduced to the extent that it is no longer
           memadai untuk mengkompensasi sebagian                               probable that sufficient taxable profit will be
           atau semua manfaat aset pajak tangguhan                             available to allow the benefit of part or all of that
           tersebut. Pada akhir setiap periode pelaporan,                      deferred tax asset to be utilized. At the end of
           Grup menilai kembali aset pajak tangguhan                           each reporting period, the Group reassesses
           yang tidak diakui. Grup mengakui aset pajak                         unrecognized deferred tax assets. The Group
           tangguhan yang sebelumnya tidak diakui                              recognizes a previously unrecognized deferred
           apabila besar kemungkinan bahwa laba fiskal                         tax assets to the extent that it has become
           pada masa depan akan tersedia untuk                                 probable that future taxable profit will allow the
           pemulihannya.                                                       deferred tax assets to be recovered.

           Pajak        tangguhan      dihitung    dengan                      Deferred tax is calculated at the tax rates that
           menggunakan tarif pajak yang berlaku atau                           have been enacted or substantively enacted at
           secara substansial telah berlaku pada tanggal                       the reporting date. Changes in the carrying
           pelaporan. Perubahan nilai tercatat aset dan                        amount of deferred tax assets and liabilities due
           liabilitas pajak tangguhan yang disebabkan oleh                     to a change in tax rates are charged to current
           perubahan tarif pajak dibebankan pada usaha                         period operations, except to the extent that they
           periode berjalan, kecuali untuk transaksi-                          relate to items previously charged or credited to
           transaksi yang sebelumnya telah langsung                            equity.
           dibebankan atau dikreditkan ke ekuitas.

           Aset dan liabilitas pajak tangguhan disajikan                       Deferred tax assets and liabilities are offset in
           secara saling hapus dalam laporan posisi                            the consolidated statements of financial
           keuangan konsolidasian, kecuali aset dan                            position, except if they are for different legal
           liabilitas pajak tangguhan untuk entitas yang                       entities, consistent with the presentation of
           berbeda, sesuai dengan penyajian aset dan                           current tax assets and liabilities.
           liabilitas pajak kini.

     q.    Provisi                                                       q. Provision

           Provisi diakui jika Grup memiliki liabilitas kini                  Provisions are recognized when the Group has
           (baik bersifat hukum maupun bersifat                               a present obligation (legal or constructive)
           konstruktif) yang akibat peristiwa masa lalu                       where, as a result of a past event, it is probable
           besar kemungkinannya penyelesaian liabilitas                       that an outflow of resources embodying
           tersebut mengakibatkan arus keluar sumber                          economic benefits will be required to settle the
           daya yang mengandung manfaat ekonomi dan                           obligation and a reliable estimate can be made
           estimasi yang andal mengenai jumlah liabilitas                     of the amount of the obligation.
           tersebut dibuat.

           Provisi ditelaah pada setiap akhir periode                         Provisions are reviewed at each reporting date
           pelaporan dan disesuaikan untuk mencerminkan                       and adjusted to reflect the current best estimate.
           estimasi kini terbaik. Jika tidak terdapat                         If it is no longer probable that an outflow of
           kemungkinan arus keluar sumber daya yang                           resources embodying economic benefits will be
           mengandung       manfaat    ekonomi    untuk                       required to settle the obligation, the provision is
           menyelesaikan liabilitas tersebut, provisi                         reversed.
           dibatalkan.




                                                               43
Page 367
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                      STATEMENTS
               Tanggal 31 Desember 2025                                           As of December 31, 2025
              dan untuk tahun yang berakhir                                        and for year then ended
                  pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                          2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     r.    Liabilitas imbalan kerja karyawan                              r.   Employee benefits liabilities

           Imbalan kerja jangka pendek                                         Short-term employee benefits

           Imbalan kerja jangka pendek adalah imbalan                          Short-term employee benefits are employee
           kerja yang jatuh tempo dalam jangka waktu dua                       benefit which are due for payment within twelve
           belas bulan setelah akhir periode pelaporan dan                     months after the end of reporting period and
           diakui pada saat pekerja telah memberikan jasa                      recognized when the employees have rendered
           kerjanya.                                                           their service.

           Imbalan kerja jangka panjang                                        Long-term employee benefits

           Grup mencatat liabilitas imbalan kerja karyawan                     The Group recognizes long-term employee
           jangka panjang untuk memenuhi dan menutup                           benefits liabilities in order to meet and cover the
           imbalan minimum yang harus dibayar kepada                           minimum benefits required to be paid to the
           karyawan sesuai dengan Undang-undang No. 6                          qualified employees under the Indonesian Law
           tahun   2023     (“UUCK”) dan          Peraturan                    No. 6 year 2023 (“UUCK”) and the Company’s
           Perusahaan (PP)/Peraturan Kerja Bersama                             Requlation (PP)/Collective Labor Agreement
           (PKB). Liabilitas tersebut diestimasi dengan                        (PKB). The liabilities are estimated using
           menggunakan perhitungan aktuarial dengan                            actuarial calculations using the “Projected Unit
           metode “Projected Unit Credit”.                                     Credit” method.

            Grup mengakui keseluruhan keuntungan atau                          The Group recognizes all actuarial gains and
            kerugian aktuaria sebagai bagian dari                              losses as other reserves (other comprehensive
            cadangan lainnya (metode penghasilan                               income method) in the period in which they
            komprehensif lain) di dalam periode terjadinya.                    arise. Past service costs are directly charged to
            Biaya jasa lalu diakui seketika di dalam laba                      profit or loss.
            rugi.

            Grup mengakui laba atau rugi dari kurtailmen                       The Group recognizes gains or losses on the
            pada saat kurtailmen terjadi, yaitu apabila                        curtailment when the curtailment occurs, that is
            terdapat     komitmen      untuk    melakukan                      when there is a commitment to make a material
            pengurangan material terhadap jumlah                               reduction in the number of employees covered
            karyawan yang ditanggung oleh suatu program                        by a plan or when there is an amendment of the
            atau apabila terdapat perubahan terhadap                           defined benefit plan terms such that a material
            ketentuan-ketentuan pada suatu program                             element of future services to be provided by
            imbalan pasti, dimana bagian yang material                         current employees will no longer qualify for
            untuk jasa yang diberikan oleh karyawan pada                       benefits or will qualify only for reduced benefits.
            masa depan tidak lagi memberikan suatu                             The gain or loss on settlement recognized when
            imbalan, atau memberikan imbalan yang lebih                        there is a transaction that eliminates all further
            rendah. Laba atau rugi penyelesaian diakui                         legal or constructive obligation for part or all of
            apabila terdapat transaksi yang menghapuskan                       the benefits provided under a defined benefit
            semua kewajiban hukum atau konstruktif atas                        plan. The gain or loss on curtailment comprises
            seluruh imbalan dalam program manfaat pasti.                       any resulting change in present value of the
            Keuntungan atau kerugian kurtailmen terdiri                        obligations and any related actuarial gains and
            dari perubahan yang terjadi dalam nilai kini dari                  losses and past service cost that had not
            liabilitas dan keuntungan atau kerugian                            previously been recognized.
            aktuarial dan biaya jasa lalu yang belum diakui
            sebelumnya.




                                                                44
Page 368
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     s.    Pendapatan dari kontrak dengan pelanggan                    s. Revenue from contracts with customers

           Grup merupakan produsen dan penjual CPO                          The Group is vertically-integrated producer and
           dan turunannya, seperti minyak. Pendapatan                       seller of CPO and it’s derivatives, such as edible
           dari kontrak dengan pelanggan diakui ketika                      oils. Revenue from contracts with customers is
           pengendalian atas barang dialihkan kepada                        recognized when control of the goods are
           pelanggan     pada    suatu   jumlah   yang                      transferred to the customers at an amount that
           mencerminkan imbalan yang diharapkan                             reflects the consideration to which the Company
           Perusahaan sebagai imbalan atas barang                           expects to be entitled in exchange for those
           tersebut.   Secara     umum,     Perusahaan                      goods. The Company has generally concluded
           menyimpulkan bahwa mereka bertindak                              that it is the principal in its revenue
           sebagai     prinsipal   dalam    pengaturan                      arrangements.
           pendapatannya.

           Kontrak-kontrak dengan pelanggan-pelanggan                       Certain contracts with customers within the
           tertentu dalam segmen bisnisnya mensyaratkan                     respective business segments give rise to
           imbalan variabel.                                                variable considerations.

           Grup mengestimasi imbalan variabel berupa                        The Group estimates the variable considerations
           hak retur dan potongan harga, menggunakan                        such as right of return and discount, using
           metode nilai ekspektasian yang dikembangkan                      expected value developed based on historical
           berdasarkan pengalaman historis, atau metode                     experience or using most likely amount
           jumlah     yang     paling  mungkin     yang                     developed based on historical experience taking
           dikembangkan      berdasarkan    pengalaman                      into account also current purchasing patterns.
           historis dengan mempertimbangkan juga pola
           pembelian saat ini.

           Manajemen menetapkan metode estimasi                             The management established estimation
           untuk memastikan imbalan variabel yang                           method that ensure inclusion of this variable
           kemungkinan terjadinya sangat tinggi sebagai                     consideration only to the extent that it is highly
           salah satu faktor yang diperhitungkan dalam                      probable that a significant reversal in the amount
           estimasi sehingga pembalikan signifikan atas                     of cumulative revenue recognized will not occur
           jumlah pendapatan kumulatif yang telah diakui                    when the uncertainty associated with the
           tidak akan terjadi pada saat ketidakpastian                      variable consideration is subsequently resolved.
           yang terkait dengan imbalan variabel tersebut                    Meanwhile, the recognition is made when
           terselesaikan dikemudian waktu. Sedangkan                        supporting documents have been received from
           pengakuan dilakukan pada saat dokumen-                           customers.
           dokumen pendukung telah diterima dari
           pelanggan-pelanggan.

           Piutang usaha merupakan hak Grup atas                            Trade receivables represent the Group’s right to
           sejumlah imbalan yang tidak bersyarat (yaitu,                    an amount of consideration that is unconditional
           hanya berlalunya waktu yang perlu terjadi                        (i.e., only the passage of time is required before
           sebelum pembayaran imbalan tersebut jatuh                        payment of the consideration is due). Refer to
           tempo). Lihat kebijakan akuntansi aset                           accounting policies of financial assets in
           keuangan di bagian Instrumen Keuangan                            financial instruments section regarding initial
           mengenai pengakuan awal dan pengukuran                           recognition and subsequent measurement.
           selanjutnya.




                                                           45
Page 369
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                     STATEMENTS
               Tanggal 31 Desember 2025                                          As of December 31, 2025
              dan untuk tahun yang berakhir                                       and for year then ended
                  pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     YANG MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     s.    Pendapatan dari kontrak dengan pelanggan                      s. Revenue from contracts with customers
           (lanjutan)                                                       (continued)

           Jika pelanggan membayar imbalan sebelum                         If a customer pays consideration before the
           Grup mengalihkan barang atau jasa kepada                        Group transfers goods or services to the
           pelanggan, liabilitas kontrak diakui pada saat                  customer, a contract liability is recognized when
           pembayaran dilakukan atau pembayaran                            the payment is made or the payment is due
           imbalan jatuh tempo (mana yang lebih awal).                     (whichever is earlier). Contract liabilities are
           Liabilitas kontrak diakui sebagai pendapatan                    recognized as revenue when the Company
           pada saat Perusahaan telah memenuhi apa                         performs under the contract.
           yang harus dilaksanakan sesuai kontrak.

           Beban diakui pada saat terjadinya (asas                         Expenses are recognized when they are incurred
           akrual).                                                        (accrual basis).

     t.    Transaksi dengan pihak berelasi                                 t. Transaction with related parties

           Pihak berelasi didefinisikan sebagai berikut:                       A related party is defined as follows:

           a) Orang atau anggota keluarga terdekat                             a) A person or a close member of the person’s
              mempunyai relasi dengan Grup jika orang                             family is related to the Group if that person:
              tersebut:
              i. memiliki          pengendalian   atau                            i.   has control or joint control over the
                   pengendalian bersama Perusahaan;                                    Company;
              ii. memiliki pengaruh signifikan atas                               ii.    has significant influence over the
                   Perusahaan; atau                                                    Company; or
              iii. personil manajemen kunci Perusahaan                            iii. is a member of the key management
                   atau entitas induk Perusahaan.                                      personnel of the Company or of a parent
                                                                                       of the Company.
           b) Suatu entitas berelasi dengan Perusahaan                         b) An entity is related to a reporting entity if
              jika memenuhi salah satu hal berikut:                                any of the following conditions applies:

              i.    Entitas dan Perusahaan adalah                                 i.   The entity and the Company are
                    anggota dari Grup yang sama (artinya                               members of the same group (which
                    entitas induk, entitas anak, dan entitas                           means that each parent, subsidiary and
                    anak berikutnya terkait dengan entitas                             fellow subsidiary is related to the
                    lain).                                                             others).
              ii. Satu entitas adalah entitas asosiasi atau                       ii. One entity is an associate or joint venture
                   ventura bersama dari entitas lain (atau                            of the other entity (or an associate or joint
                   entitas asosiasi atau ventura bersama                              venture of a member of a group of which
                   yang merupakan anggota suatu Grup,                                 the other entity is a member).
                   yang mana entitas lain tersebut adalah
                   anggotanya).
              iii. Kedua entitas tersebut adalah ventura                          iii. Both entities are joint venture of the same
                   bersama dari pihak ketiga yang sama.                                third party.
              iv. Satu entitas adalah ventura bersama                             iv. One entity is a joint venture of a third
                   dari entitas ketiga dan entitas yang lain                           entity and the other entity is an associate
                   adalah entitas asosiasi dari entitas                                of the third entity.
                   ketiga.




                                                               46
Page 370
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                       STATEMENTS
               Tanggal 31 Desember 2025                                            As of December 31, 2025
              dan untuk tahun yang berakhir                                         and for year then ended
                  pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                           2.   SUMMARY     OF  MATERIAL      ACCOUNTING
     YANG MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     t.    Transaksi dengan pihak berelasi (lanjutan)                      t.   Transaction with related parties (continued)


           Pihak berelasi didefinisikan sebagai berikut                         A related party         is   defined    as   follows
           (lanjutan):                                                          (continued):

           b) Suatu entitas berelasi dengan Perusahaan                          b) An entity is related to a reporting entity if any
              jika memenuhi salah satu hal berikut:                                of the following conditions applies:
              (lanjutan)                                                           (continued)

              v. Entitas tersebut adalah suatu program                             v. The entity is a post-employment benefit
                   imbalan pascakerja untuk imbalan kerja                             plan for the benefit of employees of either
                   dari salah satu entitas pelapor atau                               the reporting entity or an entity related to
                   entitas yang terkait dengan entitas                                the reporting entity. If the reporting entity
                   pelapor. Jika entitas pelapor adalah                               is itself such a plan, the sponsoring
                   entitas      yang      menyelenggarakan                            employers are also related to the
                   program tersebut, maka entitas sponsor                             reporting entity.
                   juga berelasi dengan entitas pelapor.
              vi. Entitas      yang     dikendalikan      atau                     vi. The entity is controlled or jointly controlled
                   dikendalikan bersama oleh orang yang                                by a person identified in (a).
                   diidentifikasikan dalam huruf (a).
              vii. Orang yang diidentifikasi dalam huruf (a)                       vii. A person identified in (a) (i) has significant
                   (i) memiliki pengaruh signifikan atas                                influence over the entity or is a member of
                   entitas atau personil manajemen kunci                                the key management personnel of the
                   entitas (atau entitas induk dari entitas).                           entity (or of a parent of the entity).

           Seluruh transaksi yang dilakukan dengan pihak                        All material transactions and balances with
           berelasi telah diungkapkan dalam Catatan 33.                         related parties are disclosed in Note 33.

           Transaksi    ini  dilakukan     berdasarkan                          The transactions are made based on terms
           persyaratan yang disetujui oleh kedua belah                          agreed by the parties.
           pihak.

     u.    Laba per saham                                                  u.    Earnings per share

           Laba per saham dihitung dengan membagi laba                           Earnings per share is computed by dividing
           tahun berjalan yang dapat diatribusikan kepada                        income for the year attributable to the equity
           pemilik entitas induk dengan rata-rata                                holders of the parent entity the weighted
           tertimbang jumlah saham yang beredar untuk                            average number of issued and fully paid
           tahun yang bersangkutan. Rata-rata tertimbang                         shares during the year. The weighted average
           jumlah saham yang beredar untuk tahun yang                            number shares outstanding for the years
           berakhir pada tanggal 31 Desember 2025,                               ended December 31, 2025, 2024, and 2023
           2024, dan 2023 berjumlah 9.525.000.000                                are 9,525,000,000 shares.
           lembar saham.

           Perusahaan tidak mempunyai saham biasa                                The Company has no outstanding dilutive
           yang berpotensi untuk bersifat dilutif pada                           potential ordinary shares as of December 31,
           tanggal 31 Desember 2025, 2024 dan 2023, dan                          2025, 2024, and 2023, and accordingly, no
           oleh karenanya, laba per saham dilusian tidak                         diluted earnings per share is calculated and
           dihitung dan disajikan pada laporan laba rugi                         presented in the consolidated statement of
           dan komprehensif konsolidasian.                                       profit or loss and other comprehensive income.




                                                                 47
Page 371
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                    STATEMENTS
               Tanggal 31 Desember 2025                                         As of December 31, 2025
              dan untuk tahun yang berakhir                                      and for year then ended
                  pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
                 kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING POLICIES
     YANG MATERIAL (lanjutan)                                           INFORMATION (continued)

     v.    Dividen                                                      v.   Dividend

           Pembagian dividen kepada para pemegang                            Dividend distribution to the Company’s
           saham Perusahaan diakui sebagai liabilitas                        shareholders are recognized as a liability in the
           dalam laporan keuangan konsolidasian pada                         consolidated financial statements in which the
           saat dividen tersebut disetujui oleh para                         dividends are approved by the Company’s
           pemegang saham Perusahaan.                                        shareholders.

           Pembagian dividen kepada pemegang saham                           Dividend distributions to the Company’s
           Perusahaan    diakui  sebagai  kewajiban                          shareholders are recognized as a liability based
           berdasarkan keputusan Direksi dengan                              on decision of Directors with the approval from
           persetujuan Dewan Komisaris.                                      the Board of Commissioners.

     w. Biaya penerbitan emisi saham                                    w. Share issuance costs

           Biaya emisi saham disajikan sebagai                               Share issuance costs are presented as a
           pengurang tambahan modal disetor sebagai                          deduction from the additional paid-in capital in
           bagian dari ekuitas pada laporan posisi                           the equity section in the consolidated
           keuangan konsolidasian.                                           statements of financial position.

     x.    Segmen operasi                                               x.   Operating segment

           Segmen operasi adalah suatu komponen dari                         An operating segment is a component of an
           entitas:                                                          entity:

           (a) yang terlibat dalam aktivitas bisnis yang                     (a) that engages in business activities from
               mana memperoleh pendapatan dan                                    which it may earn revenues and incur
               menimbulkan         beban       (termasuk                         expenses (including revenues and
               pendapatan dan beban terkait dengan                               expenses related to transactions with other
               transaksi dengan komponen lain dari                               components of the same entity);
               entitas yang sama);

           (b) hasil operasinya dikaji ulang secara reguler                  (b) whose operating results are regularly
               oleh pengambil keputusan operasional                              reviewed by the entity’s chief operating
               untuk membuat keputusan tentang sumber                            decision maker to make decisions about
               daya yang dialokasikan pada segmen                                resources to be allocated to the segment
               tersebut dan menilai kinerjanya, dan;                             and assess its performance, and;

           (c) tersedia informasi keuangan yang dapat                        (c) for which discrete financial information is
               dipisahkan.                                                       available.

           Segmen operasi dapat terlibat dalam aktivitas                     An operating segment may engage in business
           bisnis yang belum menghasilkan pendapatan,                        activities for which it has yet to earn revenues,
           misalnya operasi permulaan dapat menjadi                          for example, start-up operating may be
           segmen     operasi  sebelum     memperoleh                        operating segments before earning revenues.
           pendapatan.




                                                              48
Page 372
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                      STATEMENTS
            Tanggal 31 Desember 2025                                           As of December 31, 2025
           dan untuk tahun yang berakhir                                        and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.   SUMMARY     OF  MATERIAL     ACCOUNTING
     YANG MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     y. Investasi pada entitas asosiasi                                y. Investments in associated entities
         Entitas asosiasi adalah seluruh Perusahaan di                     Associated entities are all entities which the
         mana Grup memiliki pengaruh signifikan                            Group has significant influence but not control,
         namun bukan pengendali, biasanya melalui                          generally accompanying a direct or indirect
         kepemilikan hak suara, baik secara langsung                       shareholding more than 20% of the voting
         maupun tidak langsung, lebih dari 20% hak                         rights. Investments in associated entities are
         suara. Investasi pada entitas asosiasi dicatat                    accounted for using the equity method of
         dengan metode ekuitas dan pada awalnya                            accounting and are initially recognized at cost.
         diakui sebesar harga perolehan. Investasi Grup                    The Group’s investments in associates includes
         pada entitas asosiasi tersebut termasuk                           goodwill identified on acquisition, net of
         Goodwill yang diidentifikasi ketika akuisisi,                     impairment loss.
         dikurangi rugi penurunan nilai.

         Bagian Grup atas laba atau rugi entitas asosiasi                  The Group’s share of their associates post-
         pasca-akuisisi, diakui dalam laporan laba rugi                    acquisition profits or losses is recognized in the
         dan     penghasilan         komprehensif     lain                 consolidated statement of profit or loss and
         konsolidasian. Bagian atas mutasi penghasilan                     other comprehensive income and their share of
         komprehensif lain pasca-akuisisi, diakui                          post-acquisition      movement        in     other
         didalam penghasilan komprehensif lain. Mutasi                     comprehensive income is recognized as other
         penghasilan komprehensif lain pasca-akuisisi                      comprehensive income. The cumulative post-
         disesuaikan       terhadap      nilai    tercatat                 acquisition movements are adjusted against the
         investasinya. Jika bagian Grup atas kerugian                      carrying amount of the investment. When the
         entitas asosiasi sama dengan atau melebihi                        Group’s share of losses in an associate exceed
         kepentingannya pada entitas asosiasi, maka                        its interest in the associates, the investment is
         investasi dilaporkan nihil.                                       reported at zero value.

         Keuntungan dan kerugian dilusi yang timbul                        Dilution gains and losses arising on
         dari investasi pada entitas asosiasi diakui                       investments in associates are recognized in the
         dalam laporan laba rugi dan penghasilan                           consolidated statement of profit or loss and
         komprehensif lain konsolidasian.                                  other comprehensive income.

         Keuntungan yang belum direalisasi atas                            Unrealized gains on transactions between the
         transaksi antara Grup dengan entitas                              Group and their associates are eliminated to the
         asosiasinya dieliminasi sebesar kepentingan                       extent of the Group’s interest in the associates.
         Grup pada entitas asosiasi. Kerugian yang                         Unrealized losses, if any, are also eliminated
         belum direalisasi, jika ada, juga dieliminasi                     unless the transaction provides evidence of an
         kecuali terjadi penurunan nilai atas aset yang                    impairment of the asset transferred.
         dialihkan.


3.   PERTIMBANGAN, ESTIMASI             DAN     ASUMSI            3.   SIGNIFICANT  ACCOUNTING   JUDGMENTS,
     YANG SIGNIFIKAN                                                   ESTIMATES AND ASSUMPTIONS

     Penyusunan laporan keuangan konsolidasian                         The preparation of the consolidated financial
     berdasarkan Standar Akuntansi Keuangan di                         statements in conformity with Indonesian Financial
     Indonesia mewajibkan manajemen untuk membuat                      Accounting Standards requires management to
     estimasi dan asumsi yang mempengaruhi jumlah-                     make estimations and assumptions that affect
     jumlah yang dilaporkan dalam laporan keuangan                     amounts reported therein. Due to the inherent
     konsolidasian. Sehubungan dengan adanya                           uncertainty in making estimates, actual results
     ketidakpastian yang melekat dalam membuat                         reported in future periods might differ from those
     estimasi, hasil sebenarnya yang dilaporkan di masa                estimates.
     mendatang dapat berbeda dengan jumlah estimasi
     yang dibuat.



                                                             49
Page 373
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                      STATEMENTS
            Tanggal 31 Desember 2025                                           As of December 31, 2025
           dan untuk tahun yang berakhir                                        and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI              DAN    ASUMSI            3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                        ESTIMATES AND ASSUMPTIONS (continued)

     Pertimbangan                                                      Judgments

     Pertimbangan berikut ini dibuat oleh manajemen                    The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup                   in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas                     policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                         amounts recognized in the consolidated financial
     konsolidasian:                                                    statements:

     Sewa                                                              Lease

     Grup mempunyai perjanjian-perjanjian sewa dimana                  The Group has entered into lease agreements
     Grup bertindak sebagai lessee untuk beberapa aset                 where the Group acts as a lessee for a certain fixed
     tetap tertentu. Grup mengevaluasi apakah terdapat                 assets. The Group evaluates whether there are
     risiko dan manfaat yang signifikan dari aset sewa                 significant risks and rewards of assets transferred
     yang dialihkan berdasarkan PSAK No. 116, “Sewa”,                  under PSAK No. 116, "Leases", which requires the
     yang mensyaratkan Grup untuk membuat                              Group to make judgments and estimates of the
     pertimbangan dan estimasi dari pengalihan risiko                  transfer of risks and rewards incidental to
     dan manfaat terkait dengan kepemilikan aset.                      ownership.

     Grup mengadakan perjanjian sewa kendaraan dan                     The Group entered into a lease of certain vehicles
     alat berat tertentu. Grup telah menentukan,                       and heavy equipment. The Group had determined,
     berdasarkan evaluasi atas syarat dan ketentuan                    based on an evaluation of the terms and conditions
     dalam perjanjian, bahwa secara substansial seluruh                of the agreement, that substantially all the risks and
     risiko dan manfaat yang terkait dengan kepemilikan                rewards incidental to ownership of these leased
     aset yang disewa dialihkan kepada Grup sehingga                   assets are transferred to the Group, therefore the
     perjanjian sewa tersebut diakui sebagai sewa                      lease agreement are recognized as a finance lease.
     pembiayaan. Penjelasan lebih lanjut diungkapkan                   Further details are disclosed in Note 12.
     dalam Catatan 12.

     Tagihan dan keberatan atas hasil pemeriksaan                      Claims for tax refund and tax assessments under
     Pajak                                                             appeal

     Berdasarkan peraturan perpajakan yang berlaku                     Based on tax regulations currently enacted, the
     saat ini, manajemen mempertimbangkan apakah                       management judged if the amounts recorded under
     jumlah yang tercatat dalam akun di atas dapat                     the above account are recoverable and refundable
     dipulihkan dan direstitusi oleh Otoritas Pajak.                   by the Tax Authorities. Further details are disclosed
     Penjelasan lebih rinci diungkapkan dalam                          in Note 20.
     Catatan 20.

     Estimasi dan asumsi                                               Estimates and assumptions

     Asumsi utama masa depan dan sumber utama                          The key assumptions concerning the future and
     estimasi ketidakpastian lain pada akhir periode                   other key sources of estimation uncertainty at the
     pelaporan yang memiliki risiko signifikan bagi                    reporting date that have a significant risk of causing
     penyesuaian yang material terhadap nilai tercatat                 a material adjustment to the carrying amounts of
     aset dan liabilitas untuk tahun finansial berikutnya,             assets and liabilities within the next financial year
     diungkapkan di bawah ini. Grup mendasarkan                        are disclosed below. The Group based its
     asumsi dan estimasi pada parameter yang tersedia                  assumptions and estimates on parameters available
     pada saat laporan keuangan konsolidasian disusun.                 when the consolidated financial statements were
     Asumsi dan situasi mengenai perkembangan masa                     prepared. Existing assumptions and circumstances
     depan mungkin berubah akibat perubahan pasar                      about future developments, may change due to
     atau situasi di luar kendali Grup. Perubahan tersebut             market changes or circumstances arising beyond
     dicerminkan dalam asumsi terkait pada saat                        the control of the Group. That changes are reflected
     terjadinya.                                                       in the assumptions as it occur.



                                                             50
Page 374
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                    STATEMENTS
            Tanggal 31 Desember 2025                                         As of December 31, 2025
           dan untuk tahun yang berakhir                                      and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI            DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                      ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                  Estimates and assumptions (continued)

     Pajak penghasilan badan                                         Corporate income tax

     Pertimbangan        signifikan   dilakukan    dalam             Significant judgement is involved in determining
     menentukan provisi atas pajak penghasilan badan.                provision for corporate income tax. There are certain
     Terdapat transaksi dan perhitungan tertentu yang                transactions and computation for which the ultimate
     penentuan pajak akhirnya adalah tidak pasti                     tax determination is uncertain during the ordinary
     sepanjang kegiatan usaha normal. Grup mengakui                  course of business. The Group recognizes liabilities
     liabilitas atas pajak penghasilan badan berdasarkan             for expected corporate income tax issues based on
     estimasi apakah akan terdapat tambahan pajak                    estimates of whether additional corporate income
     penghasilan badan. Penjelasan lebih rinci                       tax will be due. Further details are disclosed in Note
     diungkapkan dalam Catatan 20h.                                  20h.

     Ketidakpastian eksposur pajak                                   Uncertain tax exposure

     Dalam keadaan tertentu, Grup mungkin tidak dapat                In certain circumstances, the Group may not be able
     menentukan jumlah yang tepat atas kewajiban pajak               to determine the exact amount of its current or future
     sekarang atau akan datang karena investigasi yang               tax liabilities due to ongoing investigations by the
     masih berlangsung oleh otoritas perpajakan.                     taxation authority. Uncertainties exist with respect to
     Ketidakpastian terjadi karena adanya interpretasi               the interpretation of complex tax regulations and the
     atas peraturan pajak yang kompleks, saat                        amount and timing of future taxable income.
     pengenaan dan jumlah pendapatan kena pajak
     yang akan datang.

     Dalam menentukan jumlah yang diakui atas                        In determining the amount to be recognized in
     ketidakpastian kewajiban pajak, Grup menerapkan                 respect of an uncertain tax liability, the Group
     pertimbangan      yang   sama     seperti    dalam              applies similar considerations as it would use in
     menentukan provisi yang diakui sesuai dengan                    determining the amount of a provision to be
     PSAK No. 237, “Provisi, Liabilitas Kontinjensi dan              recognized in accordance with PSAK No. 237,
     Aset Kontinjensi” dan ISAK No. 123, “Ketidakpastian             “Provisions, Contingent Liabilities and Contingent
     dalam Perlakuan Pajak Penghasilan”. Grup                        Assets” and ISAK No. 123, “Uncertainty over
     membuat analisa atas semua posisi pajak yang                    Income Tax Treatments”. The Group makes an
     berhubungan dengan pajak pendapatan untuk                       analysis of all tax positions related to income taxes
     menentukan diakui atau tidaknya kewajiban pajak                 to determine whether a tax liability on unrecognized
     atau manfaat pajak yang belum diakui.                           tax benefit should be recognized.




                                                           51
Page 375
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                       STATEMENTS
            Tanggal 31 Desember 2025                                            As of December 31, 2025
           dan untuk tahun yang berakhir                                         and for year then ended
               pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI              DAN     ASUMSI            3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                         ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                     Estimates and assumptions (continued)

     Penyisihan atas penurunan nilai piutang plasma                     Allowance for impairment of plasma receivables

     Seperti diungkapkan dalam Catatan 2m, piutang                      As discussed in Note 2m, plasma receivables
     plasma merupakan biaya-biaya yang dikeluarkan                      represents disbursements made for the costs to
     untuk pengembangan perkebunan plasma.                              develop plasma plantations.

     Grup menetapkan estimasi penyisihan penurunan                      The Group estimates allowance for impairment of
     nilai piutang plasma dengan menggunakan                            plasma receivables using general approach of ECL
     pendekatan umum KKE karena piutang ini                             as these receivables contain significant financing
     mengandung    komponen    pembiayaan     yang                      component.
     signifikan.

     Jika belum ada peningkatan risiko kredit yang                      When there has not been significant increase in
     signifikan sejak awal kontrak, penyisihan didasarkan               credit risk since origination, the allowance is based
     pada KKE 12 bulan. Grup menetapkan piutang dari                    on the 12-months’ ECL. The Group primarily
     masing-masing       proyek     plasma      mengalami               determined a receivable from individual plasma
     peningkatan risiko kredit yang signifikan ketika biaya             project has significant increase in credit risk when
     pengembangan aktual per hektar melebihi biaya                      the actual development cost per hectare is
     pengembangan per hektar yang disepakati dalam                      exceeding the agreed development cost per hectare
     perjanjian kredit antara koperasi dan kreditur. Pada               as stated in the credit agreement between the
     titik ini, Grup menetapkan estimasi kerugian                       cooperatives and the creditor. At this point, the
     penurunan nilai menggunakan KKE sepanjang                          Group estimates the impairment loss using lifetime
     umurnya.                                                           ECLs.

     Grup menghitung KKE sepanjang umurnya                              The Group calculates lifetime ECL based on the
     berdasarkan      perkiraan    kekurangan       kas.                expected cash shortfalls. A cash shortfall is the
     Kekurangan kas adalah selisih antara arus kas yang                 difference between the cash flows that are due to
     menjadi hak Grup sesuai kontrak dan arus kas yang                  the Group in accordance with the contract and the
     diharapkan akan diterima Grup, yang diestimasi                     cash flows that the Group expects to receive, which
     berdasarkan pendapatan dari perkebunan plasma                      is estimated based on the revenues from the plasma
     dikurangi biaya penjualan. pembayaran pokok dan                    plantations deducted with the costs of sales,
     bunga ke bank. Input utama yang digunakan untuk                    principal and interest payments to the bank. The key
     estimasi ini adalah volume produksi TBS, biaya                     inputs applied for this estimation are the production
     produksi kebun plasma, dan harga jual TBS.                         yield of the FFB, production costs of the plasma
     Penyisihan ini dievaluasi ulang dan disesuaikan                    plantations, and selling price of FFB. These
     dengan tambahan informasi yang diterima pada                       provisions are re-evaluated and adjusted as
     setiap tanggal pelaporan.                                          additional information is received at each reporting
                                                                        date.




                                                              52
Page 376
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                     STATEMENTS
            Tanggal 31 Desember 2025                                          As of December 31, 2025
           dan untuk tahun yang berakhir                                       and for year then ended
               pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
              kecuali dinyatakan lain)


3.   PERTIMBANGAN, ESTIMASI             DAN     ASUMSI           3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     YANG SIGNIFIKAN (lanjutan)                                       ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan asumsi (lanjutan)                                   Estimates and assumptions (continued)

     Aset pajak tangguhan                                             Deferred tax asstes

     Aset pajak tangguhan diakui atas seluruh perbedaan               Deferred tax assets are recognised for all deductible
     temporer yang dapat dikurangkan, sepanjang besar                 temporary differences, to the extent that it is
     kemungkinannya bahwa penghasilan kena pajak                      probable that taxable profit will be available against
     akan tersedia sehingga perbedaan temporer                        which the deductible temporary differences.
     tersebut dapat digunakan. Estimasi signifikan oleh               Significant management estimates are required to
     manajemen disyaratkan dalam menentukan total                     determine the amount of deferred tax assets that
     aset pajak tangguhan yang dapat diakui,                          can be recognised, based upon the likely timing and
     berdasarkan saat penggunaan dan tingkat                          the level of future taxable profits together with future
     penghasilan kena pajak serta strategi perencanaan                tax planning strategies. Further details are disclosed
     pajak masa depan. Penjelasan lebih rinci                         in Note 20.
     diungkapkan dalam Catatan 20.


4.   KOMBINASI BISNIS ENTITAS SEPENGENDALI                       4.   BUSINESS COMBINATION OF ENTITIES UNDER
                                                                      COMMON CONTROL

     Pada tanggal 26 Juni 2025, PT Sawit Mandiri Lestari              On June 26, 2025, PT Sawit Mandiri Lestari (SML),
     (SML), mengakuisisi kebun dan pabrik kelapa sawit                acquired plantation area and palm oil mill from
     PT Citra Borneo Indah (CBI). Berdasarkan hasil                   PT Citra Borneo Indah (CBI), a shareholder. Based
     penilai independen KJPP Bambang, Ernasapta dan                   on the result of the independent appraisal by KJPP
     rekan tanggal 25 Juni 2025. Transaksi                            Bambang, Ernasapta, and Partner dated June 25,
     pengambilalihan tersebut dilakukan dengan harga                  2025, That acquisition transaction is carried with
     pengalihan sebesar Rp216.516.523 dan nilai buku                  acquisition price amounted to Rp216,516,523 and
     aset yang dialihkan sebesar Rp119.454.581.                       book value of the assets transferred amounted to
                                                                      Rp119,454,581.

     Pada tanggal 30 Juni 2025, CBI mengakuisisi 99,9%                On June 30, 2025, CBI acquired the 99.9% shares
     kepemilikan saham atas SML dari pihak ketiga.                    ownership in SML from a third party. After the
     Setelah akuisisi tersebut, SML merupakan entitas                 acquisition, SML is an under common control entity
     sepengendali dengan Perusahaan.                                  with the Company.

     Pada tanggal 24 November 2025, Perusahaan                        On November 24, 2025, the Company acquired
     mengakuisisi 63,4% kepemilikan saham PT Sawit                    63.4% shares ownership in PT Sawit Mandiri Lestari
     Mandiri Lestari (SML) dari PT Citra Borneo Indah                 (SML) from PT Citra Borneo Indah (CBI), a
     (CBI) sebagaimana dinyatakan dalam Akta Notaris                  shareholder, as stated in the Notarial Deed No. 253
     Jimmy Tanal, S.H., M.Kn, No. 253 tanggal                         of Jimmy Tanal, S.H., M.Kn, dated November 24,
     24 November 2025 dengan total imbalan yang                       2025 with consideration paid of Rp1,600,000,000.
     dialihkan sebesar Rp1.600.000.000.

     Transaksi akuisisi tersebut diklasifikasikan sebagai             That acquisition transaction is classified as a
     transaksi bisnis dengan entitas sepengendali                     business combination of entities under common
     sehingga transaksi tersebut dicatat dengan                       control so that the transaction is recorded using the
     menggunakan metode ”pooling interest” sesuai                     "pooling interest" method in accordance with
     dengan PSAK 338 “Kombinasi Bisnis Entitas                        Statements of PSAK 338, "Business Combinations
     Sepengendali”. Selisih harga pengalihan dengan                   Entities Under Common Control". The Difference
     nilai buku atas transaksi pengalihan bisnis kebun                between transfer price and book value arising from
     dan pabrik kelapa sawit CBI dan akuisisi SML                     the transfer of CBI’s plantation area and palm oil mill
     secara total sebesar Rp1.084.624.950 dicatat                     and acquisition of SML totalling of Rp1,084,624,950
     sebagai bagian dari "Tambahan Modal Disetor"                     was recorded as part of "Additional Paid-in Capital"
     yang disajikan pada bagian ekuitas dari laporan                  under the equity section of the consolidated
     posisi keuangan konsolidasian (Catatan 26).                      statement of financial position (Note 26).

                                                            53
Page 377
                                                                                   The original consolidated financial statements included herein
                                                                                                                 are in the Indonesian language.

            PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
                  DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
            CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                       KONSOLIDASIAN                                                                STATEMENTS
                 Tanggal 31 Desember 2025                                                     As of December 31, 2025
                dan untuk tahun yang berakhir                                                  and for year then ended
                    pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
               (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
                   kecuali dinyatakan lain)


4.   KOMBINASI BISNIS ENTITAS SEPENGENDALI                                    4.       BUSINESS COMBINATION OF ENTITIES UNDER
     (lanjutan)                                                                        COMMON CONTROL (continued)

     Grup mencatat transaksi akuisisi saham SML                                        The Group recorded the above mentioned SML’s
     tersebut di atas sesuai dengan PSAK 338 “Kombinasi                                shares acquisition in accordance with PSAK 338
     Bisnis Entitas Sepengendali”. Grup menyajikan                                     “Business Combinations of Entities Under Common
     kembali: (i) laporan posisi keuangan konsolidasian                                Control.” The Group restated their: (i) consolidated
     tanggal 31 Desember 2024 dan 1 Januari 2024/31                                    financial position as of December 31, 2024, and
     Desember 2023, (ii) laporan laba rugi dan                                         January 1, 2024/December 31, 2023, (ii)
     pendapatan komprehensif lain konsolidasian untuk                                  consolidated statement of profit or loss and other
     tahun yang berakhir pada 31 Desember 2024, (iii)                                  comprehensive income for the year ended
     laporan perubahan modal konsolidasian untuk tahun                                 December 31, 2024, (iii) consolidated statement of
     yang berakhir pada tanggal 31 Desember 2024, dan                                  change in equity for the year ended December 31,
     (iv) laporan arus kas konsolidasian untuk tahun yang                              2024, and (iv) consolidated statement of cash flows
     berakhir pada tanggal 31 Desember 2024, untuk                                     for the years ended December 31, 2024, to reflect
     mencerminkan dampak akuisisi kebun dan pabrik                                     the impact of the acquisition of CBI’s oil palm
     kelapa sawit milik CBI yang sebelumnya telah                                      plantation and mill, which had previously been
     diakuisisi oleh SML. Grup dan CBI merupakan entitas                               acquired by SML. The Group and CBI are entities
     sepengendalian sejak periode sebelum periode                                      under common control since period prior to the
     paling awal yang disajikan dalam laporan keuangan                                 earliest period presented in the consolidated
     konsolidasian.                                                                    financial statements.

     Grup menyajikan hasil operasi dan arus kas dari                                   The Group presented the result of operation and
     bisnis SML, selain dari yang berasal dari kebun dan                               cash flows from SML business, other than those
     pabrik kelapa sawit yang sebelumnya dimiliiki oleh                                originated from oil palm plantation and mill owned
     CBI, sejak tanggal 30 Juni 2025, yaitu tanggal dimana                             by CBI, since June 30, 2025, which is the date
     SML menjadi sepengendalian dengan Grup melalui                                    where SML became an entity under common control
     akuisisi oleh CBI.                                                                with the Grup through acquistion by CBI.

     Laporan Posisi Keuangan Konsolidasian                                             Consolidated Statement of Financial Position
                                               31 Desember 2024/              1 Januari 2024/ 31 Desember 2023/
                                               December 31, 2024              January 1, 2024/December 31, 2023

                                          Disajikan                              Disajikan
                                        sebelumnya/         Disajikan          sebelumnya/          Disajikan
                                        As previously       kembali/           As previously        kembali/
                                         Presented         As restated          Presented          As restated

     Aset                                                                                                                                     Assets

     ASET LANCAR                                                                                                                 CURRENT ASSETS
     Piutang Usaha                                                                                                                 Trade receivables
        Pihak berelasi                     480.986.254       430.726.402            617.509.691      551.151.620                  Related parties
     Piutang lain-lain                                                                                                             Other receivables
        Pihak berelasi                     573.849.731       572.525.837            283.923.652      323.657.538                  Related parties
        Pihak ketiga                        17.532.166        17.532.166             15.806.332       16.306.374                     Third parties
     Persediaan                            777.237.166       793.538.217            791.630.056      799.296.135                          Inventories
     Aset biologis                         477.262.681       478.921.005            268.510.895      269.654.549                    Biological assets
     Biaya dibayar dimuka                    4.229.299         4.266.146              2.444.276        2.444.276                       Prepayments
     Uang muka                                                                                                                             Advances
        Pihak ketiga                       682.781.925       682.915.273            167.821.390      167.870.266                     Third parties
        Pihak berelasi                      28.303.530        28.303.530             68.871.190       68.871.390                  Related parties
     Pajak dibayar dimuka                  287.245.098       301.051.005            166.878.084      173.391.823                       Prepaid taxes

     TOTAL ASET LANCAR                   5.232.141.378      5.212.497.254          5.028.227.209    5.017.475.614        TOTAL CURRENT ASSETS


     ASET TIDAK LANCAR                                                                                                       NON-CURRENT ASSETS
     Aset tetap dan tanaman produktif    4.790.870.955      4.909.842.297          4.814.421.304    4.949.943.542       Fixed assets and bearer plants
     Piutang plasma                                                                                                                Plasma receivables
        Setelah dikurangi dengan                                                                                                   after net off with
        penyisihan penurunan nilai         447.278.064       450.283.638            588.537.684      593.231.800          allowance for impairment
     Aset tidak lancar lainnya             151.703.229       155.646.325            139.357.051      143.443.099              Other non-current assets

     TOTAL ASET TIDAK LANCAR             6.532.700.959      6.658.620.971          6.782.217.424    6.926.519.826    TOTAL NON-CURRENT ASSETS

     TOTAL ASET                         11.764.842.337     11.871.118.225      11.810.444.633      11.943.995.440                    TOTAL ASSETS




                                                                         54
Page 378
                                                                                             The original consolidated financial statements included herein
                                                                                                                           are in the Indonesian language.

           PT SAWIT SUMBERMAS SARANA Tbk.                                                         PT SAWIT SUMBERMAS SARANA Tbk.
                 DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED FINANCIAL
                      KONSOLIDASIAN                                                                           STATEMENTS
                Tanggal 31 Desember 2025                                                                As of December 31, 2025
               dan untuk tahun yang berakhir                                                             and for year then ended
                   pada tanggal tersebut                                                           (Expressed in thousands of Rupiah,
              (Disajikan dalam ribuan Rupiah,                                                           unless otherwise stated)
                  kecuali dinyatakan lain)


4.    KOMBINASI BISNIS ENTITAS SEPENGENDALI                                             4.       BUSINESS COMBINATION OF ENTITIES UNDER
      (lanjutan)                                                                                 COMMON CONTROL (continued)

      Laporan            Posisi            Keuangan       Konsolidasian                          Consolidated Statement of Financial Position
      (lanjutan)                                                                                 (continued)
                                                         31 Desember 2024/              1 Januari 2024/ 31 Desember 2023
                                                         December 31, 2024              January 1, 2024/December 31, 2023

                                                   Disajikan                               Disajikan
                                                 sebelumnya/          Disajikan          sebelumnya/          Disajikan
                                                 As previously        kembali/           As previously        kembali/
                                                  Presented          As restated          Presented          As restated

      LIABILITAS DAN EKUITAS                                                                                                         LIABILITIES AND EQUITY

      LIABILITAS JANGKA PENDEK                                                                                                         CURRENT LIABILITIES
      Utang usaha                                                                                                                               Trade payables
         Pihak ketiga                                 264.074.065      303.690.105            279.793.615      279.793.618                      Third parties
         Pihak berelasi                               113.907.528       85.744.054             84.486.873       61.185.960                   Related parties
      Utang pajak                                     125.870.043      126.103.682             23.595.722       23.945.223                       Taxes payable
      Beban akrual                                    166.221.853      167.054.235             65.502.846       66.327.664                   Accrued expenses
      Utang lain-lain                                                                                                                           Other payables
         Pihak ketiga                                 393.020.643      398.306.812            702.837.196      740.276.157                      Third parties
         Pihak berelasi                                44.501.687       41.910.784             37.544.615       36.733.613                   Related parties
      Utang bank jangka panjang                                                                                                            Current maturities of
         jatuh tempo dalam satu tahun                 989.173.991     1.009.228.617           897.754.076      913.814.430              long-term bank loan

      TOTAL LIABILITAS
        JANGKA PENDEK                             4.715.966.656       4.751.235.135          4.754.859.437    4.785.421.159      TOTAL CURRENT LIABILITIES

     LIABILITAS JANGKA PANJANG                                                                                                    NON-CURRENT LIABILITIES
     Utang bank jangka panjang -
          setelah dikurangi bagian jatuh                                                                                                     Long-term bank loan
          tempo dalam satu tahun                  3.801.160.349       3.876.810.788          4.766.529.162    4.861.241.038         - net of current maturities
     Liabilitas imbalan kerja                                                                                                                Long-term employee
          jangka panjang                              200.035.544      201.981.595            196.352.920      198.297.706                   benefits liabilities

     TOTAL LIABILITAS                                                                                                                  TOTAL NON-CURRENT
        JANGKA PANJANG                            4.157.518.339       4.235.114.829          5.065.623.136    5.162.279.798                  LIABILITIES

     JUMLAH LIABILITAS                            8.873.484.995       8.986.349.964          9.820.482.573    9.947.700.957                TOTAL LIABILITIES

     EKUITAS                                                                                                                                            EQUITY
     Ekuitas merging entities                                    -       (6.589.083)                     -        6.332.423               Merging entities equity


     Ekuitas yang dapat                                                                                                                     Equity attributable to
          diatribusikan kepada                                                                                                                     owners of
          pemilik entitas induk                   2.628.478.572       2.621.889.491          1.750.607.310    1.756.939.733                  the parent entity

     JUMLAH EKUITAS                               2.891.347.342       2.884.768.261          1.989.962.060    1.996.294.483                     TOTAL EQUITY

     JUMLAH LIABILITAS                                                                                                                     TOTAL LIABILITIES
        DAN EKUITAS                              11.764.842.337      11.871.118.225      11.810.444.633      11.943.995.440                  AND EQUITY




                                                                                   55
Page 379
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                    STATEMENTS
             Tanggal 31 Desember 2025                                         As of December 31, 2025
            dan untuk tahun yang berakhir                                      and for year then ended
                pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
               kecuali dinyatakan lain)


4.   KOMBINASI BISNIS ENTITAS SEPENGENDALI                    4.      BUSINESS COMBINATION OF ENTITIES UNDER
     (lanjutan)                                                       COMMON CONTROL (continued)

     Laporan Laba Rugi dan Penghasilan                                 Consolidated Statement of Profit or Loss and
     Komprehensif Lain Konsolidasian                                   Other Comprehensive Income
                                               Untuk tahun yang berakhir
                                           pada Tanggal 31 Desember 2024/
                                         For the year ended December 31, 2024

                                           Disajikan
                                         sebelumnya/            Disajikan
                                         As previously          kembali/
                                          Presented            As restated

     PENDAPATAN DARI KONTRAK                                                                           REVENUE FROM
       DENGAN PELANGGAN                   10.521.650.695       10.366.799.435             CONTRACTS WITH CUSTOMERS
     BEBAN POKOK PENJUALAN                (7.242.040.109)      (7.088.221.765)                         COST OF SALES

     LABA BRUTO                             3.279.610.586       3.278.577.670                                 GROSS PROFIT

     Beban penjualan                         (898.914.514)         (904.991.243)                                Selling expenses
     Keuntungan atas                                                                                       Gain from changes in
       nilai wajar aset biologis             208.751.786            209.266.456                 fair value of biological assets

     LABA USAHA                             1.770.144.492       1.766.235.958                           OPERATING PROFIT
     Biaya keuangan                          (611.180.311)         (620.193.284)                                 Finance costs
     LABA SEBELUM PAJAK                                                                      PROFIT BEFORE CORPORATE
       PENGHASILAN BADAN                    1.226.103.304       1.213.181.797                            INCOME TAX

     LABA TAHUN BERJALAN                     844.691.385            831.769.880                      PROFIT FOR THE YEAR

     Efek penyesuaian proforma                           -           12.921.506                  Effect of proforma adjustment

     TOTAL LABA KOMPREHENSIF                                                                       TOTAL COMPREHENSIVE
      TAHUN BERJALAN                         903.554.241            844.691.386                   INCOME FOR THE YEAR
     TOTAL LABA KOMPREHENSIF                                                                    TOTAL COMPREHENSIVE
      TAHUN BERJALAN SETELAH                                                              INCOME FOR THE YEAR AFTER
      PENYESUAIAN PROFORMA                   903.554.241            908.780.222               PROFORMA ADJUSTMENT




                                                         56
Page 380
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                     STATEMENTS
             Tanggal 31 Desember 2025                                          As of December 31, 2025
            dan untuk tahun yang berakhir                                       and for year then ended
                pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
               kecuali dinyatakan lain)


4.   KOMBINASI BISNIS ENTITAS SEPENGENDALI                     4.      BUSINESS COMBINATION OF ENTITIES UNDER
     (lanjutan)                                                        COMMON CONTROL (continued)

     Laporan Laba Rugi dan Penghasilan                                  Consolidated Statement of Profit or Loss and
     Komprehensif Lain Konsolidasian (lanjutan)                         Other Comprehensive Income (continued)
                                                Untuk tahun yang berakhir
                                            pada Tanggal 31 Desember 2024/
                                          For the year ended December 31, 2024

                                            Disajikan
                                          sebelumnya/            Disajikan
                                          As previously          kembali/
                                           Presented            As restated
     Laba komprehensif tahun berjalan                                                             Total comprehensive income
      yang diatribusikan kepada:                                                                              attributable to:
      Pemilik entitas induk                   872.645.284            877.871.265                  Owners of the parent entity

                                              903.554.241            908.780.222


     Laporan Arus Kas Konsolidasian                                                 Consolidated Statement of Cash Flows

                                                Untuk tahun yang berakhir
                                            pada Tanggal 31 Desember 2024/
                                          For the year ended December 31, 2024

                                            Disajikan
                                          sebelumnya/            Disajikan
                                          As previously          kembali/
                                           Presented            As restated

     Arus Kas dari Aktivitas                                                                                 Cash Flows from
       Operasi                                                                                          Operating Activities
     Penerimaan kas dari pelanggan         10.854.423.786       10.240.606.908                    Cash receipts from customers
     Pembayaran kas kepada pemasok         (8.926.339.262)      (8.119.941.374)                          Cash paid to suppliers

     Kas yang diperoleh dari                                                                                  Cash provided by
       aktivitas operasi                     1.008.265.145       1.200.846.155                             operating activities

     Penghasilan bunga yang diterima            60.401.464           108.610.664                     Interest income received
     Biaya keuangan yang dibayar              (567.849.062)         (663.998.383)                          Finance costs paid
     Pembayaran pajak penghasilan badan       (339.579.236)         (352.055.265)            Payments of corporate income tax

     Kas Neto yang Diperoleh                                                                            Net Cash Provided by
       dari Aktivitas Operasi                 606.587.586            993.449.223                        Operating Activities


     Arus Kas dari Aktivitas                                                                                 Cash Flows from
       Investasi                                                                                        Investing Activities
     Perolehan aset tetap                     (230.003.434)         (230.081.332)                   Acquisitions of fixed assets
     Penambahan uang muka                                                                      Additional advance for purchase
       pembelian aset tetap                   (134.950.607)         (253.123.366)                              of fixed assets

     Kas Neto yang Digunakan                                                                                 Net Cash used in
       untuk Aktivitas Investasi              464.724.513             90.788.528                         Investing Activities

     Kas Neto yang Digunakan                                                                                Net Cash Used in
       untuk Aktivitas Pendanaan            (1.237.830.020)     (1.237.830.020)                         Financing Activities




                                                          57
Page 381
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                    STATEMENTS
             Tanggal 31 Desember 2025                                                         As of December 31, 2025
            dan untuk tahun yang berakhir                                                      and for year then ended
                pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
               kecuali dinyatakan lain)


4.    KOMBINASI BISNIS ENTITAS SEPENGENDALI                                  4.       BUSINESS COMBINATION OF ENTITIES UNDER
      (lanjutan)                                                                      COMMON CONTROL (continued)

      Laporan Arus Kas Konsolidasian (lanjutan)                                        Consolidated           Statement     of     Cash      Flows
                                                                                       (continued)

                                                        Untuk tahun yang berakhir
                                                    pada Tanggal 31 Desember 2024/
                                                  For the year ended December 31, 2024

                                                     Disajikan
                                                   sebelumnya/                 Disajikan
                                                   As previously               kembali/
                                                    Presented                 As restated

      PENURUNAN NETO                                                                                            NET DECREASE IN CASH AND
        KAS DAN SETARA KAS                             (166.517.919)              (153.592.269)                       CASH EQUIVALENTS

      PENYESUAIAN ARUS KAS                                                                                        ADJUSTMENT OF MERGING
        MERGING BISNIS                                             -                 (12.921.506)                 BUSINESS CASH FLOWS

      DAMPAK NETO PERUBAHAN                                                                                     NET EFFECT OF CHANGES IN
        NILAI TUKAR ATAS KAS DAN                                                                              EXCHANGES RATES ON CASH
        SETARA KAS                                     109.509.538                  109.509.538                 AND CASH EQUIVALENSTS

      KAS DAN SETARA KAS                                                                                      CASH AND CASH EQUIVALENTS
        AWAL TAHUN                                   1.237.290.419             1.237.290.419                      AT BEGINNING OF YEAR

      KAS DAN SETARA KAS                                                                                      CASH AND CASH EQUIVALENTS
        AKHIR TAHUN                                  1.180.282.037             1.180.286.182                            AT END OF YEAR



 5.    KAS DAN SETARA KAS                                                      5.     CASH AND CASH EQUIVALENTS

                                                                Disajikan Kembali - Catatan 4/
                                                                     As restated - Note 4
                                                                                         1 Januari 2024/
                                                                                        January 1, 2024
                                     31 Desember 2025/     31 Desember 2024/           31 Desember 2023/
                                     December 31, 2025     December 31, 2024           December 31, 2023
       Kas                                      656.329                 621.846                     503.011                           Cash on hand
       Bank                                                                                                                            Cash in banks
         Pihak ketiga                                                                                                                 Third parties
            Dalam Rupiah                                                                                                                In Rupiah
            PT Bank Rakyat Indonesia                                                                                   PT Bank Rakyat Indonesia
               (Persero) Tbk.                159.857.880            93.682.679               156.173.173                         (Persero) Tbk.
            PT Bank Negara Indonesia                                                                                  PT Bank Negara Indonesia
               (Persero) Tbk.                115.775.014               3.487.853              21.674.867                        (Persero) Tbk.
            PT Bank KB Indonesia Tbk.         57.162.852                       -                       -              PT Bank KB Indonesia Tbk.
            PT Bank Syariah Indonesia Tbk.    40.821.096               1.241.007                 427.510          PT Bank Syariah Indonesia Tbk.
            Standard Chartered Bank            2.660.830                 626.737               3.670.291                Standard Chartered Bank
            PT Bank Jtrust Indonesia Tbk.      1.179.397                  27.863                  28.323            PT Bank Jtrust Indonesia Tbk.
            PT Bank Mandiri (Persero) Tbk.       919.652                 693.139               2.940.164          PT Bank Mandiri (Persero) Tbk.
            PT Bank Central Asia Tbk.            624.514                 624.904                 625.294               PT Bank Central Asia Tbk.
            PT Bank Maybank Indonesia Tbk.       115.092                 116.808                 118.950         PT Bank Maybank Indonesia Tbk.
            PT Bank Pembangunan Daerah                                                                            PT Bank Pembangunan Daerah
               Kalimantan Tengah                 40.216                     22.379                   24.510                Kalimantan Tengah
            PT Bank Woori Saudara                                                                                        PT Bank Woori Saudara
               Indonesia Tbk.                       700                       820                      940                      Indonesia Tbk.

                                             379.157.243           100.524.189               185.684.022




                                                                       58
Page 382
                                                                              The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                   STATEMENTS
           Tanggal 31 Desember 2025                                                        As of December 31, 2025
          dan untuk tahun yang berakhir                                                     and for year then ended
              pada tanggal tersebut                                                   (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                   unless otherwise stated)
             kecuali dinyatakan lain)


5.   KAS DAN SETARA KAS (lanjutan)                                           5.    CASH AND CASH EQUIVALENTS (contined)

                                                                                      1 Januari 2024/
                                                                                     January 1, 2024
                                         31 Desember 2025/   31 Desember 2024/      31 Desember 2023/
                                         December 31, 2025   December 31, 2024      December 31, 2023

          Dalam Dolar AS                                                                                                       In US Dollar
          PT Bank Rakyat Indonesia                                                                              PT Bank Rakyat Indonesia
             (Persero) Tbk.                    121.374.828         138.789.203              2.587.631                     (Persero) Tbk.
          Standard Chartered Bank                3.553.004           3.883.551              1.597.356            Standard Chartered Bank
          PT Bank Negara Indonesia                                                                             PT Bank Negara Indonesia
             (Persero) Tbk.                      2.263.946           2.141.191              5.648.578                     (Persero) Tbk.
          PT Bank Mandiri (Persero) Tbk.           303.618             963.548              1.100.663      PT Bank Mandiri (Persero) Tbk.
          BNP Paribas Singapore                    248.095             971.055             27.903.697             BNP Paribas Singapore
          PT Bank Maybank Indonesia Tbk.            27.439              28.364              3.306.727     PT Bank Maybank Indoneisa Tbk.
          PT Bank Woori Saudara                                                                                   PT Bank Woori Saudara
             Indonesia Tbk.                        16.467                 15.976              15.356                     Indonesia Tbk.
          PT Bank Jtrust Indonesia Tbk.             2.877                  2.736               2.778         PT Bank Jtrust Indonesia Tbk.

                                               127.790.274         146.795.624             42.162.786

                                               506.947.517         247.319.813            227.846.808

       Pihak berelasi (Catatan 33c)                                                                              Related party (Note 33c)
          Dalam Rupiah                                                                                                       In Rupiah
          PT Bank Perkreditan Rakyat                                                                        PT Bank Perkreditan Rakyat
            Lingga Sejahtera                    24.451.819          13.703.680             13.962.541               Lingga Sejahtera

                                               531.399.336         261.023.493            241.809.349

     Deposito berjangka                                                                                                         Time deposits
       Pihak ketiga                                                                                                            Third parties
          Dalam Rupiah                                                                                                          In Rupiah
          PT Bank Syariah Indonesia                                                                         PT Bank Syariah Indonesia
             Tbk.                              140.375.000          10.000.000                      -                              Tbk.
          PT Bank Rakyat Indonesia                                                                             PT Bank Rakyat Indonesia
             (Persero) Tbk.                    101.629.216          52.140.843            147.978.059                    (Persero) Tbk.
          PT. Bank Jtrust Indonesia Tbk        100.000.000                   -                      -       PT. Bank Jtrust Indonesia Tbk
          PT Bank Negara Indonesia                                                                            PT Bank Negara Indonesia
             (Persero) Tbk.                              -          64.500.000             59.000.000                    (Persero) Tbk.
                                               342.004.216         126.640.843            206.978.059
          Dalam Dolar AS                                                                                                    In US Dollar
          PT Bank Rakyat Indonesia                                                                             PT Bank Rakyat Indonesia
            (Persero) Tbk.                               -           4.000.000                      -                  (Persero) Tbk.
                                                                     4.000.000                      -
          Pihak berelasi (Catatan 33c)                                                                          Related party (Note 33c)
          Dalam Rupiah                                                                                                         In Rupiah
          PT Bank Perkreditan Rakyat                                                                         PT Bank Perkreditan Rakyat
             Lingga Sejahtera                            -         788.000.000            788.000.000               Lingga Sejahtera
                                                         -         788.000.000            788.000.000
          TOTAL                                874.059.881       1.180.286.182          1.237.290.419                            TOTAL



     Rincian kas dan setara kas dalam mata uang asing                              Details of cash equivalents in foreign currency are
     adalah sebagai berikut:                                                       as follows:

                                                                                      1 Januari 2024/
                                                                                     January 1, 2024
                                         31 Desember 2025/   31 Desember 2024/      31 Desember 2023/
                                         December 31, 2025   December 31, 2024      December 31, 2023
     Dolar Amerika Serikat                   AS$7.614.723         AS$9.330.258          AS$2.735.002                                US Dollar




                                                                     59
Page 383
                                                                              The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                     STATEMENTS
            Tanggal 31 Desember 2025                                                          As of December 31, 2025
           dan untuk tahun yang berakhir                                                       and for year then ended
               pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
              kecuali dinyatakan lain)


5.   KAS DAN SETARA KAS (lanjutan)                                           5.       CASH AND CASH EQUIVALENTS (contined)

     Rekening di bank memiliki tingkat bunga                                          Accounts in banks earn interest at floating rates
     mengambang sesuai dengan tingkat penawaran                                       based on the offered rate from each bank.
     pada masing-masing bank.

     Suku bunga tahunan deposito berkisar antara:                                     The time deposits bear annual interest rates ranging
                                                                                      as follows:

                                                                                         1 Januari 2024/
                                                                                        January 1, 2024
                                         31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                         December 31, 2025    December 31, 2024        December 31, 2023
     Rupiah                                  2,96% - 8,63%        1,80% - 6,15%            0,95% - 6,50%                               Rupiah
     Dolar Amerika Serikat                                -       3,10% - 3,75%            3,10% - 3,70%                             US Dollar

     Pada tanggal 31 Desember 2025, 2024, dan 2023,                                   As of December 31, 2025, 2024, and 2023, there
     tidak terdapat saldo kas dan setara kas yang                                     were no balance of cash and cash equivalents which
     digunakan sebagai jaminan atau dibatasi                                          were pledged as collateral and restricted in use.
     penggunaannya.

6.   PIUTANG USAHA - PIHAK KETIGA                                            6.       TRADE RECEIVABLES - THIRD PARTIES

                                                                   Disajikan Kembali - Catatan 4/
                                                                        As restated - Note 4
                                                                                         1 Januari 2024/
                                                                                        January 1, 2024
                                         31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                         December 31, 2025    December 31, 2024        December 31, 2023
     Piutang usaha - dalam Rupiah                                                                                Trade receivables - in Rupiah
     Koperasi Media Sejahtera Bersama           55.890.104            7.862.799               14.427.161    Koperasi Media Sejahtera Bersama
     PT Kurnia Tunggal Nugraha                  14.613.984                    -                        -          PT Kurnia Tunggal Nugraha
     PT Ecogreen Oleochemicals                   7.993.770            5.143.450                3.787.532          PT Ecogreen Oleochemicals
     PT Sino Zone Industry Indonesia             7.288.670            7.831.076                6.225.695      PT Sino Zone Industry Indonesia
     PT Dua Kuda Indonesia                       2.814.640                    -               13.287.102               PT Dua Kuda Indonesia
     PT Synergy Oil Nusantara                            -            5.683.020                        -             PT Synergy Oil Nusantara
     Lain-lain (jumlah masing-masing                                                                                       Others (individually
         kurang dari Rp5.000.000)                  503.691            2.791.387                5.306.762          each below Rp5,000,000)

     Piutang usaha - dalam Dolar AS                                                                           Trade receivables - in US Dollars
     Eco Comodity (Singapore) Pte. Ltd          24.811.063                        -                    -     Eco Comodity (Singapore) Pte. Ltd

                                               113.915.922           29.311.732               43.034.252
     Penyisihan atas penurunan                                                                                        Allowance for impairment
        nilai piutang usaha                       (503.691)           (1.838.828)                      -                 of trade receivables

     Total                                     113.412.231           27.472.904               43.034.252                                 Total




                                                                      60
Page 384
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                             STATEMENTS
            Tanggal 31 Desember 2025                                                  As of December 31, 2025
           dan untuk tahun yang berakhir                                               and for year then ended
               pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
              kecuali dinyatakan lain)


6.   PIUTANG USAHA - PIHAK KETIGA (lanjutan)                         6.       TRADE RECEIVABLES             -   THIRD      PARTIES
                                                                              (continued)

     Mutasi atas penyisihan penurunan nilai piutang                           Movements in the allowance for impairment of trade
     usaha - pihak ketiga adalah sebagai berikut:                             receivables - third parties are as follows:

                                                           Disajikan Kembali - Catatan 4/
                                                                As restated - Note 4
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                 31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                 December 31, 2025    December 31, 2024        December 31, 2023
      Saldo awal                         1.838.828                        -                    -                    Beginning Balance
      Tambahan penyisihan
        selama tahun berjalan                                                                                     Addition of allowance
         (Catatan 30)                            -            1.838.828                        -           during the year (Note 30)
      Pemulihan penyisihan
        atas penurunan nilai                                                                                 Recovery of allowance for
         piutang usaha                                                                             impairment of accounts receivable
         (Catatan 30)                   (1.335.137)                       -                    -                           (Note 30)

     Saldo Akhir                          503.691             1.838.828                        -                     Ending Balance



     Analisis umur piutang usaha - pihak ketiga adalah                        The aging analysis of trade receivables - third
     sebagai berikut:                                                         parties are as follows:

                                                           Disajikan Kembali - Catatan 4/
                                                                As restated - Note 4
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                 31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                 December 31, 2025    December 31, 2024        December 31, 2023
     Belum jatuh tempo                                                                                                         Current
        (kurang dari 30 hari)          113.412.231           21.804.532                 675.187                  (less than 30 days)
     Sudah jatuh tempo                                                                                                        Overdue
        (lebih dari 30 hari)              503.691             7.507.200               42.359.065                (more than 30 days)

     Total                             113.915.922           29.311.732               43.034.252                                Total




     Piutang usaha - pihak ketiga merupakan piutang                           Trade receivables - third parties represent
     atas penjualan minyak kelapa sawit dan turunannya,                       receivables from sales of crude palm oil and its
     minyak inti sawit, inti sawit, dan tandan buah segar.                    derivatives, crude palm kernel oil, palm kernel, and
                                                                              fresh fruit bunches.

     Berdasarkan penilaian atas kerugian kredit                               Based on the assessment of expected credit losses
     ekspektasian atas saldo akun piutang usaha pihak                         on trade receivables third parties at the end of the
     ketiga pada akhir tahun, terdapat penyisihan                             year, there is an allowance for impairment of
     penurunan nilai piutang usaha. Manajemen percaya                         accounts receivable. Management believes that an
     bahwa penyisihan untuk penurunan nilai piutang                           allowance for impairment of accounts receivable
     usaha pihak ketiga sudah memadai untuk menutupi                          third parties is adequate to cover any losses from
     kerugian dari piutang yang tidak dapat ditagih.                          uncollectible of receivables.

     Pada tanggal 31 Desember 2025, 2024, dan 2023,                           As of December 31, 2025, 2024, and 2023, the
     Perusahaan dan entitas anak tertentu menjaminkan                         Company and certain subsidiaries pledged trade
     piutang usaha sehubungan dengan fasilitas                                receivables in relation with the syndicated loan
     pinjaman sindikasi (Catatan 22).                                         facility (Note 22).




                                                              61
Page 385
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                    STATEMENTS
            Tanggal 31 Desember 2025                                                         As of December 31, 2025
           dan untuk tahun yang berakhir                                                      and for year then ended
               pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
              kecuali dinyatakan lain)


7.   PIUTANG LAIN-LAIN - PIHAK KETIGA                                       7.       OTHER RECEIVABLES - THIRD PARTIES

                                                                                        1 Januari 2024/
                                                                                       January 1, 2024
                                        31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                        December 31, 2025    December 31, 2024        December 31, 2023
     Piutang lain-lain - dalam Rupiah                                                                             Other receivables - in Rupiah
     PT Metro Jaya Lestari                    128.684.054                    -                        -                  PT Metro Jaya Lestari
     PT Karyatama Unggul Sejahtera            104.171.493                    -                        -        PT Karyatama Unggul Sejahtera
     PT Multi Usaha Abadi                       7.984.385            1.212.729                  535.745                  PT Multi Usaha Abadi
     PT Sawit Mandiri Lestari                           -            9.163.986                8.038.876               PT Sawit Mandiri Lestari
     Lain-lain (jumlah masing-masing                                                                                        Others (individually
        kurang dari Rp5.000.000)               40.347.040            7.155.451                7.731.753           each below Rp5,000,000)

     Total                                    281.186.972           17.532.166               16.306.374

      Dikurangi:                                                                                                                        Less:
       Cadangan kerugian penurunan nilai                                                                                       Allowance for
       (Catatan 30)                           (31.631.650)                       -                    -          impairment losses (Note 30)

     Neto                                     249.555.322           17.532.166               16.306.374                                      Net


     Piutang lain-lain - pihak ketiga pada umumnya                                   Other receivables - third parties                generally
     merupakan penjualan material kebun.                                             represents sales of material in estate.

     Lihat Catatan 35 mengenai risiko kredit piutang                                 See Note 35 on credit risk of trade receivables to
     usaha untuk memahami bagaimana Grup                                             understand how the Group manages and measures
     mengelola dan mengukur kualitas kredit piutang                                  credit quality of trade receivables.
     usaha.

     Berdasarkan penilaian atas kerugian kredit                                      Based on the assessment of expected credit losses
     ekspektasian atas saldo akun piutang lain-lain pihak                            on others receivables third parties at the end of the
     ketiga pada akhir tahun, terdapat penyisihan                                    year, there is an allowance for impairment of other
     penurunan nilai piutang lain-lain. Manajemen                                    receivables. Management believes that an
     percaya bahwa penyisihan untuk penurunan nilai                                  allowance for impairment of other receivables third
     piutang lain-lain pihak ketiga sudah memadai untuk                              parties is adequate to cover any losses from
     menutupi kerugian dari piutang yang tidak dapat                                 uncollectible of receivables.
     ditagih.


8.   PERSEDIAAN                                                             8.       INVENTORIES

                                                                  Disajikan Kembali - Catatan 4/
                                                                       As restated - Note 4
                                                                                        1 Januari 2024/
                                                                                       January 1, 2024
                                        31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                        December 31, 2025    December 31, 2024        December 31, 2023
     Persediaan komoditas:                                                                                             Commodity inventories:
     Minyak kelapa sawit                      280.269.003           80.474.933               84.970.982                         Crude palm oil
     RBD palm olein                           105.948.639          165.547.129              168.812.867                       RBD palm olein
     Minyak inti sawit                         68.950.106           32.040.774               20.197.761                  Crude palm kernel oil
     RBD palm stearin                          59.203.606          244.734.277              211.351.604                      RBD palm stearin
     Palm fatty acid distillate                50.168.288            6.770.563               21.005.960                Palm fatty acid distillate
     Inti sawit                                43.190.506           71.797.486               20.285.445                            Palm kernel
     Refined bleached deodorized palm oil      11.633.786           14.601.214               18.086.345   Refined bleached deodorized palm oil
     Palm kernel expeller                       4.354.479            2.537.060                2.751.022                   Palm kernel expeller
     Pillow pack                                4.235.000              292.850                  189.686                            Pillow pack
     Tandan buah segar                          1.530.387            1.705.197                        -                      Fresh fruit bunch

                                              629.483.800          620.501.483              547.651.672




                                                                     62
Page 386
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                              STATEMENTS
              Tanggal 31 Desember 2025                                                   As of December 31, 2025
             dan untuk tahun yang berakhir                                                and for year then ended
                 pada tanggal tersebut                                              (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                              unless otherwise stated)
                kecuali dinyatakan lain)


8.    PERSEDIAAN (lanjutan)                                               8.     INVENTORIES (continued)
                                                                Disajikan Kembali - Catatan 4/
                                                                     As restated - Note 4
                                                                                    1 Januari 2024/
                                                                                   January 1, 2024
                                      31 Desember 2025/    31 Desember 2024/      31 Desember 2023/
                                      December 31, 2025    December 31, 2024      December 31, 2023

       Persediaan non-komoditas:                                                                               Non-commodity inventories:
       Bibit                                   938.747               622.076              3.353.851                                Nursery
       Bahan, suku cadang, dan                                                                                  Materials, spare parts, and
          perlengkapan perawatan            218.848.555          173.556.454            228.758.802              maintenance supplies

                                            849.271.102          794.680.013            779.764.325

       Persediaan dalam perjalanan           84.203.234            2.020.489             88.102.903                      Materials in transit

                                            933.474.336          796.700.502            867.867.228
       Penyisihan atas                                                                                                         Allowance for
         penurunan nilai persediaan          (7.310.527)           (3.162.285)          (68.571.093)        declining in value of inventories

       Total                                926.163.809          793.538.217            799.296.135                                    Total



     Mutasi atas penyisihan penurunan nilai persediaan                           Movements in the allowance for declining in value
     adalah sebagai berikut:                                                     of inventories are as follows:

                                                                Disajikan Kembali - Catatan 4/
                                                                     As restated - Note 4
                                                                                    1 Januari 2024/
                                                                                   January 1, 2024
                                      31 Desember 2025/    31 Desember 2024/      31 Desember 2023/
                                      December 31, 2025    December 31, 2024      December 31, 2023
     Saldo awal                               3.162.285           68.571.093              6.184.783                       Beginning Balance
     Tambahan penyisihan atas                                                                                     Additions of allowance for
       penurunan nilai persediaan                                                                        declining in value of inventories
       (Catatan 30)                           7.310.527            3.162.285             68.571.093                              (Note 30)
     Pemulihan penyisihan atas                                                                                    Reversal of allowance for
       penurunan nilai persediaan                                                                        declining in value of inventories
       (Catatan 30)                          (3.162.285)         (68.571.093)            (6.184.783)                             (Note 30)

     Saldo akhir                              7.310.527            3.162.285             68.571.093                       Ending balance


      Pada tanggal 31 Desember 2025 dan 2024, seluruh                            As of December 31, 2025 and 2024, all inventories
      persediaan telah diasuransikan terhadap risiko                             are insured against losses from fire and other risk
      kerugian kebakaran dan resiko kerugian lainnya (all                        (all risk) with PT Asuransi Central Asia, third party,
      risk) pada PT Asuransi Central Asia, pihak ketiga,                         for a total insurance coverage of Rp898,719,516
      dengan        total   pertanggungan       sebesar                          (December        31,    2024:     Rp1,057,660,725;
      Rp898.719.516          (31 Desember         2024:                          December 31, 2023: Rp1,065,000,000). The
      Rp1.057.660.725;      31      Desember      2023:                          management believes that the insurance is
      Rp1.065.000.000). Manajemen berpendapat bahwa                              adequate to cover possible losses on the assets
      nilai pertanggungan tersebut cukup untuk menutup                           insured.
      kemungkinan kerugian atas persediaan yang
      dipertanggungkan.

       Pada tanggal 31 Desember 2025, 2024, dan 2023,                            As of December 31, 2025, 2024, and 2023, the
       Perusahaan dan entitas anak tertentu menjaminkan                          Company and certain subsidiaries pledged
       persediaan sehubungan dengan fasilitas pinjaman                           inventories in relation with the syndicated loan
       sindikasi (Catatan 22).                                                   facility (Note 22).

      Persediaan yang diakui sebagai beban pokok                                 Inventories recognized as cost of goods sold for
      penjualan pada 31 Desember 2025 sebesar                                    December       31,    2025     are     amounted
      Rp9.638.245.516     (31     Desember 2024:                                 Rp9,638,245,516      (December     31,    2024:
      Rp7.088.221.765 (Catatan 29).                                              Rp7,088,221,765) (Note 29).
                                                                   63
Page 387
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                           STATEMENTS
            Tanggal 31 Desember 2025                                                As of December 31, 2025
           dan untuk tahun yang berakhir                                             and for year then ended
               pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
              kecuali dinyatakan lain)


9.   ASET BIOLOGIS                                                    9.    BIOLOGICAL ASSETS

     Aset biologis terdiri dari produk agrikultur yang                      Biological assets comprise of growing agriculturall
     tumbuh pada tanaman produktif yang disajikan                           produce of the bearer plants which is presented in
     dalam akun “Aset Lancar - Aset Biologis” dalam                         “Current Assets - Biological Assets” in the
     laporan posisi keuangan konsolidasian.                                 consolidated statement of financial position.

                                                             Disajikan Kembali - Catatan 4/
                                                                  As restated - Note 4
                                                                               1 Januari 2024/
                                                                              January 1, 2024
                                   31 Desember 2025/    31 Desember 2024/    31 Desember 2023/
                                   December 31, 2025    December 31, 2024    December 31, 2023
      Saldo awal                         478.921.005          269.654.549           225.799.135                      Beginning balance
      Akuisisi entitas anak               46.054.315                    -                     -                acquisition of subsidiary
      Keuntungan/(kerugian) atas                                                                             Gains/(losses) arising from
        perubahan nilai wajar                                                                                changes in fair value of
        aset biologis                   (111.115.932)         209.266.456            43.855.414                     biological assets

      Saldo akhir                        413.859.388          478.921.005           269.654.549                        Ending balance


     Nilai Wajar Aset Biologis                                              Fair Values of Biological Assets
     Aset biologis terdiri dari produk agrikultur yang                      Biological assets comprise of growing agricultural
     tumbuh pada tanaman produktif yang disajikan                           produce of the bearer plants which is presented in
     dalam akun “Aset Lancar - Aset Biologis” dalam                         “Current Assets - Biological Assets” in the
     laporan posisi keuangan konsolidasian.                                 consolidated statement of financial position.

     Produk Agrikultur Kelapa Sawit                                         Oil Palm Agricultural Produce
     Nilai wajar dari hasil perkebunan kelapa sawit                         The fair values of the produce of oil palm plantations
     ditentukan pada Level 2 berdasarkan harga pasar                        are determined at Level 2 based on the market price
     dari produk sebagaimana diterapkan pada perkiraan                      of the product as applied to the estimated volume of
     volume produk.                                                         the product.


     Input utama untuk penilaian aset biologis                              Key inputs to valuation of biological assets
      Estimasi kuantitas fisik panen produk agrikultur                      Estimated physical quantities of harvest of
      tandan buah segar kelapa sawit sejumlah 125.440                       agricultural produce oil palm’s fresh fruit bunches
      ton (31 Desember 2024: 150.173 ton dan                                amounted to 125,440 tons (December 31, 2024:
      31 Desember 2023: 134.792 ton).                                       150,173 tons and December 31, 2023: 134,792
                                                                            tons).

     Harga pasar terkait atas produk agrikultur tandan                      The market price for fresh fruit bunches of palm oil
     buah segar kelapa sawit sejumlah Rp3.345/kg                            agriculture products is Rp3,345/kg (December 31,
     (31 Desember 2024: Rp3.520/kg dan 31 Desember                          2024: Rp3,520/kg and December 31, 2023:
     2023: Rp2.796/kg).                                                     Rp2,796/kg).




                                                                64
Page 388
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                           STATEMENTS
          Tanggal 31 Desember 2025                                                As of December 31, 2025
         dan untuk tahun yang berakhir                                             and for year then ended
             pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
            kecuali dinyatakan lain)


10. BIAYA DIBAYAR DIMUKA                                            10.    PREPAYMENTS
                                                           Disajikan Kembali - Catatan 4/
                                                                As restated - Note 4
                                                                             1 Januari 2024/
                                                                            January 1, 2024
                                  31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                  December 31, 2025   December 31, 2024    December 31, 2023
    Asuransi                              3.857.797           3.441.950             2.444.276                              Insurance
    Pemeliharaan                            859.435             819.711                     -                            Maintenance
    Lain-lain                               142.921               4.485                     -                                  Others
    Total                                 4.860.153           4.266.146             2.444.276                                   Total




11. UANG MUKA                                                        11. ADVANCES

                                                           Disajikan Kembali - Catatan 4/
                                                                As restated - Note 4
                                                                             1 Januari 2024/
                                                                            January 1, 2024
                                  31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                  December 31, 2025   December 31, 2024    December 31, 2023
   Pihak berelasi (Catatan 33a)         197.103.496          28.303.530            68.871.390               Related parties (Note 33a)


   Pihak ketiga                                                                                                          Third parties
      PT Kridatama Lancar                19.243.500          19.169.961                     -                 PT Kridatama Lancar
      PT Teguh Sempurna                  19.243.500          19.169.961                     -                 PT Teguh Sempurna
      Nee Soon Teknik Sdn. Bhd.          10.508.309                   -                     -          Nee Soon Teknik Sdn. Bhd.
      PT Ana Cemerlang Jaya               8.997.771           9.794.711                     -             PT Ana Cemerlang Jaya
      PT Ichiko Agro Lestari              6.363.998           6.638.800             6.332.369               PT Ichiko Agro Lestari
      PT Pesud Abadi Mahakam              6.965.400           6.965.400             6.965.400           PT Pesud Abadi Mahakam
      PT Fariz Shipping Nusantara         3.946.867                   -                     -         PT Fariz Shipping Nusantara
      PT Borneo Langgeng Sejahtera        2.399.496           5.023.554             4.791.679       PT Borneo Langgeng Sejahtera
      PT Sawit Mandiri Lestari                    -         501.470.214             9.235.406             PT Sawit Mandiri Lestari
      PT Ichtiar Gusti Pudi                       -          30.910.488            29.408.002                 PT Ichtiar Gusti Pudi
      PT Risman Scham Palm Indonesia              -          16.778.752            16.002.208    PT Risman Scham Palm Indonesia
      CV Gratia Komputer                          -          13.101.673                     -                  CV Gratia Komputer
      PT Suryaindah Nusantarapagi                 -           5.614.038                     -        PT Suryaindah Nusantarapagi
      PT Sawit Graha Manunggal                    -                   -            30.952.872          PT Sawit Graha Manunggal
      PT Graha Inti Jaya                          -                   -            28.185.451                   PT Graha Inti Jaya
      PT Trimitra Sistem Solusindo                -                   -            10.058.408         PT Trimitra Sistem Solusindo
      Lain-lain (jumlah masing-masing                                                                     Others (individually each
         kurang dari Rp5.000.000)       119.547.385          48.277.721            25.938.471                below Rp5,000,000)

                                        197.216.226         682.915.273           167.870.266

   Total                                394.319.722         711.218.803           236.741.656                                 Total



   Akun ini merupakan uang muka atas pembelian                            This account represents advances for purchase of
   tandan buah segar, minyak kelapa sawit, pupuk,                         fresh fruit bunches, crude palm oil, fertilizers,
   material, suku cadang, dan jasa kepada pihak ketiga                    materials, spare parts and services to third parties
   dan pihak berelasi.                                                    and a related parties.




                                                              65
Page 389
                                                                                                                     The original consolidated financial statements included herein
                                                                                                                                                   are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                                         PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                                                     AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                                           STATEMENTS
           Tanggal 31 Desember 2025                                                                                                As of December 31, 2025
          dan untuk tahun yang berakhir                                                                                             and for year then ended
              pada tanggal tersebut                                                                                           (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                                           unless otherwise stated)
             kecuali dinyatakan lain)


12. ASET TETAP DAN TANAMAN PRODUKTIF                                                                                12. FIXED ASSETS AND BEARER PLANTS
                                                                                 Untuk tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                                           For the year Ended December 31, 2025

                                                                                                                                                          Penyesuaian
                                                                                                                                                           selisih kurs
                                                                                                                                                           penjabaran
                                                                                                                                                              laporan
                                                                                                                                                            keuangan/
                                                                                                                                                         Adjustment on
                                                                                                                                                        foreign currency
                                    Saldo Awal/                                                                                                           translation of           Saldo Akhir/
                                     Beginning             Akuisisi/              Penambahan/            Pengurangan/              Reklasifikasi/            financial               Ending
                                      Balance             Acquisition               Additions              Disposal               Reclassification         statements                Balance

    Biaya perolehan                                                                                                                                                                                                          Cost
    Pemilikan langsung                                                                                                                                                                                           Direct ownership
    Tanah                            1.196.342.631            28.301.268                2.446.935              (110.600 )                       -                       -           1.226.980.234                           Lands
    Bangunan                         1.818.210.440           234.300.082               13.985.330           (53.618.707 )             239.929.487              12.971.935           2.265.778.567                        Buildings
    Prasarana                          476.129.956             5.601.056                2.100.542                     -                35.550.047                                     519.381.601                  Infrastructures
    Mesin dan peralatan              1.280.392.327           100.001.084               67.890.142          (107.068.978 )              66.027.812               9.072.508           1.416.314.895        Machinery and equipment
                                                                                                                                                                                                              Vehicles and heavy
    Kendaraan dan alat-alat berat      468.542.110            51.492.429               10.001.168             (24.818.437 )                     -                 215.516             505.432.786                  equipment
    Perabotan dan peralatan            188.842.207             8.671.498                8.376.372              (1.062.361 )             3.168.925                 541.836             208.538.477           Furniture and fixtures

    Tanaman produktif                                                                                                                                                                                               Bearer plants
    Tanaman menghasilkan             3.230.334.047           619.266.984                2.822.120             (21.005.237 )            10.808.865                          -        3.842.226.779                Mature plantations
    Tanaman belum
        menghasilkan                    27.487.836             6.676.881               10.606.260                       -             (10.808.865)                      -              33.962.112           Immature plantations
    Aset dalam penyelesaian            239.486.119            61.722.340              438.665.207              (2.900.477 )          (344.676.271)              4.346.476             396.643.394        Constructions in progress

    Jumlah biaya perolehan           8.925.767.673         1.116.033.622              556.894.076          (210.584.797 )                        -             27.148.271          10.415.258.845                        Total cost



    Akumulasi depresiasi                                                                                                                                                                               Accumulated depreciation
    Pemilikan langsung                                                                                                                                                                                          Direct ownership
    Bangunan                          (629.970.309 )         (52.672.330 )           (108.493.617)            10.428.856                         -             (5.055.358)           (785.762.758)                       Buildings
    Prasarana                         (289.151.672 )          (1.169.641 )            (24.989.258)                     -                         -                      -            (315.310.571)                 Infrastructures
    Mesin dan peralatan               (822.821.373 )         (39.580.622 )           (113.200.440)            46.554.373                         -             (9.670.078)           (938.718.140)      Machinery and equipment
                                                                                                                                                                                                             Vehicles and heavy
    Kendaraan dan alat-alat berat     (419.396.479 )         (31.036.093 )            (30.751.799)            24.354.691                         -               (198.335)           (457.028.015)                equipment
    Perabotan dan perlengkapan         (96.773.918 )          (4.215.880 )            (21.977.467)               516.292                         -               (430.346)           (122.881.319)          Furniture and fixtures

    Tanaman produktif                                                                                                                                                                                               Bearer plants
    Tanaman menghasilkan            (1.757.811.625 )        (118.230.555 )           (184.168.880)             6.476.615                         -                         -        (2.053.734.445)              Mature plantations

    Jumlah akumulasi                                                                                                                                                                                             Total accumulated
       penyusutan                   (4.015.925.376 )        (246.905.121 )           (483.581.461)            88.330.827                         -            (15.354.117)          (4.673.435.248)               depreciation

    Nilai buku neto                  4.909.842.297                                                                                                                                  5.741.823.597                  Net book value




                                                         Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024 - Disajikan kembali - Catatan 4/
                                                                          For the year Ended December 31, 2024 - As restated - Note 4

                                                                                                                                       Penyesuaian
                                                                                                                                        selisih kurs
                                                                                                                                        penjabaran
                                                                                                                                           laporan
                                                                                                                                         keuangan/
                                                                                                                                      Adjustment on
                                                                                                                                     foreign currency
                                       Saldo Awal/                                                                                     translation of           Saldo Akhir/
                                        Beginning          Penambahan/              Pengurangan/           Reklasifikasi/                 financial              Ending
                                         Balance             Additions                Disposal            Reclassification              statements               Balance

   Biaya perolehan                                                                                                                                                                                                            Cost
   Pemilikan langsung                                                                                                                                                                                            Direct ownership
   Tanah                                1.183.272.803           13.069.828                         -                       -                         -            1.196.342.631                                              Lands
   Bangunan                             1.662.577.129            3.744.034                 (176.000)             136.473.311                15.591.966            1.818.210.440                                           Buildings
   Prasarana                              444.488.569            2.008.010                         -              29.633.377                         -              476.129.956                                     Infrastructures
   Mesin dan peralatan                  1.131.139.659           50.151.059               (2.329.296)              90.850.012                10.580.893            1.280.392.327                         Machinery and equipment
   Kendaraan dan alat-alat berat          461.323.053            5.834.375               (1.151.227)               2.310.239                   225.670              468.542.110                     Vehicles and heavy equipment
   Perabotan dan peralatan                172.025.550           15.520.916                         -                 748.159                   547.582              188.842.207                              Furniture and fixtures

    Tanaman produktif                                                                                                                                                                                              Bearer plants
   Tanaman menghasilkan                 3.226.524.062                        -                       -             3.809.985                            -         3.230.334.047                                 Mature plantations
   Tanaman belum
     menghasilkan                          16.244.832           15.052.989                         -             (3.809.985)                         -               27.487.836                             Immature plantations
    Aset dalam penyelesaian               236.022.442          263.126.105                 (966.965)           (260.015.098)                 1.319.635              239.486.119                          Constructions in progress

   Jumlah biaya perolehan               8.533.618.099          368.507.316               (4.623.488)                          -             28.265.746            8.925.767.673                                         Total cost


   Akumulasi depresiasi                                                                                                                                                                                 Accumulated depreciation
   Pemilikan langsung                                                                                                                                                                                            Direct ownership
   Bangunan                              (536.074.682)        (89.403.210)                   176.000                          -             (4.668.417)            (629.970.309)                                          Buildings
   Prasarana                             (266.681.421)        (22.470.251)                         -                          -                                    (289.151.672)                                    Infrastructures
   Mesin dan peralatan                   (718.702.408)        (96.356.414)                   214.715                          -             (7.977.267)            (822.821.374)                        Machinery and equipment
   Kendaraan dan alat-alat berat         (381.525.667)        (38.881.432)                 1.151.227                                          (140.606)            (419.396.478)                    Vehicles and heavy equipment
   Perabotan dan perlengkapan             (77.004.516)        (19.498.740)                         -                          -               (270.662)             (96.773.918)                             Furniture and fixtures

   Tanaman produktif                                                                                                                                                                                               Bearer plants
   Tanaman menghasilkan                (1.603.685.863)       (154.125.762)                           -                        -                         -        (1.757.811.625)                                Mature plantations

   Jumlah akumulasi                                                                                                                                                                                             Total accumulated
     penyusutan                        (3.583.674.557)       (420.735.809)                 1.541.942                          -            (13.056.952)          (4.015.925.376)                                depreciation


   Nilai buku neto                      4.949.943.542                                                                                                             4.909.842.297                                   Net book value




                                                                                                         66
Page 390
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                             STATEMENTS
            Tanggal 31 Desember 2025                                                  As of December 31, 2025
           dan untuk tahun yang berakhir                                               and for year then ended
               pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
              kecuali dinyatakan lain)


12.   ASET TETAP DAN TANAMAN PRODUKTIF                                  12. FIXED ASSETS             AND      BEARER          PLANTS
      (lanjutan)                                                            (continued)

      a. Tanaman produktif                                                    a. Bearer plants

         Amortisasi tanaman menghasilkan dibebankan                               Amortization of mature plantations are charged
         ke akun beban pokok penjualan (Catatan 29).                              to cost of sales (Note 29).

         Tanaman belum menghasilkan merupakan                                     The immature plantations represent the
         akumulasi biaya yang terjadi di Grup                                     accumulated costs incurred related to the
         sehubungan       dengan       pengembangan                               development of the Group’s oil palm plantations
         perkebunan kelapa sawit (perkebunan), seperti                            (plantations), such as land clearing, planting,
         pembersihan lahan, penanaman, pemupukan                                  fertilizing and other maintenance activities until
         dan kegiatan-kegiatan pemeliharaan lainnya                               the oil palm areas are considered mature
         sampai lahan perkebunan kelapa sawit tersebut                            (Note 2k).
         sudah menghasilkan (Catatan 2k).

        Mutasi tanaman belum menghasilkan adalah                                  The movement of immature plantations is as
        sebagai berikut:                                                          follows:

                                                             Disajikan Kembali - Catatan 4/
                                                                  As restated - Note 4
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                   31 Desember 2025/    31 Desember 2024/      31 Desember 2023/
                                   December 31, 2025    December 31, 2024      December 31, 2023
        Saldo awal                        27.487.836           16.244.832             18.661.707                      Beginning balance
        Akuisisi entitas anak              6.676.881                    -                      -                Acquisition of subsidiary
        Biaya pengembangan                 9.387.874           15.052.989              4.501.059                     Development costs
        Kapitalisasi beban bunga             844.500                    -                      -          Interest expense capitalization
        Kapitalisasi beban                                                                                         Depreciation expense
         penyusutan                         236.768                      -                     -                           capitalization
        Dialihkan ke tanaman
         menghasilkan                    (10.808.865)           (3.809.985)           (1.862.986)      Transferred to mature plantations
        Dialihkan ke persediaan              137.118                     -            (5.054.948)             Transferred to inventories
        Saldo akhir                       33.962.112           27.487.836             16.244.832                       Ending balance



         Pada tanggal 31 Desember 2025, Perusahaan                                 As of December 31, 2025, the Company has
         telah mengasuransikan tanaman belum                                       insured the immature plantations against losses
         menghasilkan terhadap risiko kebakaran pada                               from fire with PT Asuransi Jasaraharja Putera,
         PT Asuransi Jasaraharja Putera, pihak ketiga,                             third party, with insurance coverage totaling to
         dengan jumlah pertanggungan sebesar                                       Rp8,329,522 (2024: Rp6,688,115). The
         Rp8.329.522 (2024: Rp6.688.115). Manajemen                                Group’s management is in the opinion that the
         Grup berpendapat jumlah asuransi cukup untuk                              insurance coverage is adequate to cover
         menutup kemungkinan kerugian yang timbul                                  possible losses from such risks.
         dari risiko yang dipertanggungkan.




                                                                67
Page 391
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                    STATEMENTS
         Tanggal 31 Desember 2025                                         As of December 31, 2025
        dan untuk tahun yang berakhir                                      and for year then ended
            pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
           kecuali dinyatakan lain)


12. ASET TETAP DAN TANAMAN PRODUKTIF                          12. FIXED ASSETS             AND      BEARER        PLANTS
    (lanjutan)                                                    (continued)

   a. Tanaman produktif (lanjutan)                                  a. Bearer plants (continued)

      Grup telah memperoleh hak kepemilikan atas                       The Group has obtained the titles of the
      tanah perkebunan dalam bentuk sertifikat “Hak                    plantation land (“landrights”) under “Hak Guna
      Guna Usaha” (“HGU”) mencakup wilayah                             Usaha” (“HGU”) certificates covering its
      perkebunan sebagai berikut:                                      plantation area as follows:

                                         Ha/
                                         Ha
         Nomor HGU/                (tidak diaudit               Lokasi/                         Tanggal berakhir/
         HGU Number                  /unaudited)               Location                            End date

       Perusahaan/the Company

            30                             198,93     Arut Selatan, Kotawaringin Barat         24 September 2039/
                                                                                               September 24, 2039
            36                          12.342,49     Arut Selatan, Kotawaringin Barat         24 September 2039/
                                                                                               September 24, 2039
            47                           4.443,41     Arut Selatan, Kotawaringin Barat         24 September 2042/
                                                                                               September 24, 2042

       PT Kalimantan Sawit Abadi

            48                           1.932,65     Natai Baru, Kotawaringin Barat           24 September 2042/
                                                                                               September 24, 2042
            49                           2.510,11     Rungun, Kotawaringin Barat                24 September 2042/
                                                                                               September 24, 2042
            88                           1.294,27     Kotawaringin Barat                        11 November 2057/
                                                                                               November 11, 2057

       PT Mitra Mendawai Sejati

            45                           5.922,07     Umpang, Kotawaringin Barat                24 September 2042/
                                                                                               September 24, 2042
            46                           2.999,31     Umpang, Kotawaringin Barat               24 September 2042/
                                                                                               September 24, 2042
            83                             618,85     Kotawaringin Barat                           19 Juli 2057/
                                                                                                   July 19, 2057
            84                             188,53     Kotawaringin Barat                           19 Juli 2057/
                                                                                                   July 19, 2057
            85                             236,90     Kotawaringin Barat                           19 Juli 2057/
                                                                                                  July 19, 2057
            86                              70,48     Kotawaringin Barat                           19 Juli 2057/
                                                                                                  July 19, 2057

      PT Tanjung Sawit Abadi

            61                             524,25     Nanga Koring, Sungkup, Melata               29 Mei 2052/
                                                      Nanuah, Topalan, Lamandau                   May 29, 2052
            62                           5.743,85     Nanga Koring, Sungkup, Melata               29 Mei 2052/
                                                      Nanuah, Topalan, Lamandau                   May 29, 2052
            63                             144,19     Nanga Koring, Sungkup, Melata               29 Mei 2052/
                                                      Nanuah, Topalan, Lamandau                   May 29, 2052

      PT Sawit Multi Utama

            67                           2.574,67     Pedongatan,Nanga Koring,                    29 Mei 2052/
                                                      Toka, Sepondam, Merambang,                  May 29, 2052
                                                      Batu Tunggal, Lamandau
            68                           6.384,31     Pedongatan,Nanga Koring,                     29 Mei 2052/
                                                      Toka, Sepondam, Merambang,                   May 29, 2052
                                                      Batu Tunggal, Lamandau
                                                       68
Page 392
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                    STATEMENTS
         Tanggal 31 Desember 2025                                         As of December 31, 2025
        dan untuk tahun yang berakhir                                      and for year then ended
            pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
           kecuali dinyatakan lain)


12. ASET TETAP DAN TANAMAN PRODUKTIF                         12. FIXED ASSETS              AND      BEARER         PLANTS
    (lanjutan)                                                   (continued)

   a. Tanaman produktif (lanjutan)                                   a.   Bearer plants (continued)

      Grup telah memperoleh hak kepemilikan atas                          The Group has obtained the titles of the
      tanah perkebunan dalam bentuk sertifikat “Hak                       plantation land (“landrights”) under “Hak Guna
      Guna Usaha” (“HGU“) mencakup wilayah                                Usaha” (“HGU”) certificates covering its
      perkebunan sebagai berikut: (lanjutan)                              plantation area as follows: (continued)

                                      Ha/
                                      Ha
         Nomor HGU/              (tidak diaudit                Lokasi/                          Tanggal berakhir/
         HGU Number               /unaudited)                 Location                             End date

      PT Menteng Kencana Mas

            1                               519,96    Pulang pisau                             21 September 2053/
                                                                                               September 21, 2053
            2                               956,93    Pulang pisau                             21 September 2053/
                                                                                               September 21, 2053
            3                               720,65    Pulang pisau                             21 September 2053/
                                                                                               September 21, 2053
            4                               398,50    Pulang pisau                             21 September 2053/
                                                                                               September 21, 2053
            5                                 38,94   Pulang pisau                             21 September 2053/
                                                                                               September 21, 2053
                                                                                                September 9, 2056
      PT Mirza Pratama Putra

            98                                90,83   Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
            99                                36,78   Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
           100                                79,64   Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
           101                             1.287,48   Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
           102                             1.403,30   Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
           103                              635,40    Lamandau                                 9 September 2056/
                                                                                               September 9, 2056
           104                              193,70    Lamandau                                 9 September 2056/
                                                                                               September 9, 2056

      PT Sawit Mandiri Lestari

            71                              731,18    Batu Kotam, Lamandau                       9 Agustus 2052/
                                                                                                 August 9, 2052
            72                             9.435,22   Batu Tambun, Riam Panahan,                 9 Agustus 2052/
                                                      Sungai Tuat, Tanjung Beringin              August 9, 2052
                                                      Karang Taba, Penopa, Suja,
                                                      Tapin Bini, Lamandau,

      Manajemen       berpendapat bahwa     hak                           Management believes that the landrights can
      kepemilikan atas tanah dapat diperpanjang                           be extended upon their expiration dates.
      pada saat jatuh tempo.




                                                       69
Page 393
                                                                      The original consolidated financial statements included herein
                                                                                                    are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                        STATEMENTS
            Tanggal 31 Desember 2025                                             As of December 31, 2025
           dan untuk tahun yang berakhir                                          and for year then ended
               pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
              kecuali dinyatakan lain)


12. ASET TETAP          DAN TANAMAN PRODUKTIF                       12. FIXED ASSETS                AND     BEARER        PLANTS
    (lanjutan)                                                          (continued)

  b.    Aset tetap                                                       b.   Fixed assets
        Pada tanggal 31 Desember 2025, 2024, dan                              As of December 31, 2025, 2024, and 2023, the
        2023, rincian persentase penyelesaian dan                             details of percentage of completion and
        estimasi waktu penyelesaian untuk aset dalam                          estimated time of completion of constructions in
        penyelesaian adalah sebagai berikut:                                  progress were as follows:
         31 Desember 2025                                                                                      December 31, 2025

                                   Persentase
                                 jumlah tercatat
                                 terhadap nilai
                                    kontrak/         Persentase      Akumulasi         Estimasi
                                 Percentage of      penyelesaian/      biaya/       penyelesaian/
                               carrying amount     Percentage of    Accumulated       Estimated
                               to contract value     completion        costs         completion
         Bangunan                     1% - 99%          1% - 99%     191.083.560    Maret - Desember/                       Buildings
                                                                                    March - December 2026
         Prasarana                   14% - 98%         16% - 90%     186.626.727    Maret - Desember/                  Infrastructures
                                                                                    March - December 2026
         Mesin dan peralatan          6% - 98%          6% - 98%      18.933.107    Maret - Desember/       Machinery and equipment
                                                                                    March - December 2026

         Total                                                       396.643.394                                               Total


         31 Desember 2024                                                                                      December 31, 2024
                                   Persentase
                                 jumlah tercatat
                                 terhadap nilai
                                    kontrak/         Persentase      Akumulasi         Estimasi
                                 Percentage of      penyelesaian/      biaya/       penyelesaian/
                               carrying amount     Percentage of    Accumulated       Estimated
                               to contract value     completion        costs         completion
         Bangunan                     2% - 99%         12% - 97%     115.687.162    Mei - Desember/                         Buildings
                                                                                    May - December 2025
         Prasarana                    3% - 97%          8% - 93%     117.480.549    Mei - Desember/                    Infrastructures
                                                                                    May - December 2025
         Mesin dan peralatan          4% - 95%         11% - 87%        6.318.408   Mei - Desember/          Machinery and equipment
                                                                                    May - December 2025

         Total                                                       239.486.119                                              Total


         31 Desember 2023                                                                                      December 31, 2023
                                   Persentase
                                 jumlah tercatat
                                 terhadap nilai
                                    kontrak/         Persentase      Akumulasi         Estimasi
                                 Percentage of      penyelesaian/      biaya/       penyelesaian/
                               carrying amount     Percentage of    Accumulated       Estimated
                               to contract value     completion        costs         completion
         Bangunan                     4% - 99%         12% - 97%     114.015.400    Maret – Desember/                       Buildings
                                                                                    March - December 2024
         Prasarana                    5% - 99%         18% - 93%      90.190.862    Maret - Desember/                  Infrastructures
                                                                                    March - December 2024
         Mesin dan peralatan         27% - 60%         11% - 87%      31.816.180    Maret - Desember/       Machinery and equipment
                                                                                    March - December 2024

         Total                                                       236.022.442                                               Total




                                                               70
Page 394
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                        STATEMENTS
            Tanggal 31 Desember 2025                                             As of December 31, 2025
           dan untuk tahun yang berakhir                                          and for year then ended
               pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
              kecuali dinyatakan lain)


12. ASET TETAP         DAN TANAMAN PRODUKTIF                       12. FIXED ASSETS               AND       BEARER          PLANTS
    (lanjutan)                                                         (continued)

  b.     Aset tetap (lanjutan)                                           b.     Fixed assets (continued)

         Pada tanggal 31 Desember 2025, aset tetap                              As of December 31, 2025, fixed assets used in
         yang digunakan dalam operasi Grup meliputi                             the Group’s operation include fully depreciated
         aset tetap yang telah habis nilai bukunya                              fixed assets with acquisition costs totaling
         dengan      nilai   perolehan     sebesar                              Rp1,069,599,244 (December 31, 2024:
         Rp1.069.599.244   (31   Desember    2024:                              Rp1.013.551.063; December 31, 2023:
         Rp1.013.551.063;   31   Desember    2023:                              Rp958,666,456).
         Rp958.666.456).

         Beban penyusutan aset tetap dibebankan ke                              Depreciation of fixed assets were charged to the
         akun-akun berikut ini:                                                 following accounts:

                                                 Untuk tahun yang berakhir
                                                pada Tanggal 31 Desember/
                                             For the years ended December 31,
                                      2025                2024                    2023


        Beban pokok penjualan                                                                                            Cost of sales
           (Catatan 29)               257.307.478          227.678.882            208.729.758                             (Note 29)
        Beban umum dan administrasi                                                             General and administrative expenses
           (Catatan 30)                42.105.103           38.931.165             35.518.906                             (Note 30)
        Total                         299.412.581          266.610.047            244.248.664                                   Total



        Pada tanggal 31 Desember 2025, 2024, dan                                As of December 31, 2025, 2024, and 2023,
        2023, tidak terdapat aset tetap yang tidak                              there are no fixed assets which are not in use
        dipakai oleh Grup.                                                      by the Group.

        Selama 2025, 2024, dan 2023, tidak terdapat                             During 2025, 2024, and 2023, there are no loss
        kerugian atas penghapusan aset tetap.                                   on written off fixed assets.

        Pada tanggal 31 Desember 2025, 2024 dan                                 On December 31, 2025, 2024 and 2023, MMS,
        2023, MMS, TSA, MPP, dan MKM menjaminkan                                TSA, MPP and MKM pledged its plantations,
        perkebunan, tanah, bangunan, pabrik kelapa                              land, buildings, palm oil mill, the infrastructures
        sawit, sarana dan prasarana dan mesin di                                and machinery thereon as collaterals for loan
        atasnya untuk fasilitas pinjaman yang diperoleh                         facilities obtained by the Group from PT Bank
        oleh Grup dari PT Bank Negara Indonesia                                 Negara Indonesia (Persero) Tbk (Note 22).
        (Persero) Tbk (Catatan 22).

        Pada tanggal 31 Desember 2025, 2024, dan                                On December 31, 2025, 2024, and 2023, the
        2023, Perusahaan menjaminkan bangunan                                   Company pledged its office space as collaterals
        kantor untuk fasilitas kredit investasi dari                            for investment credit facility obtained by the
        PT Bank Rakyat Indonesia (Persero) Tbk                                  Company from PT Bank Rakyat Indonesia
        (Catatan 22).                                                           (Persero) Tbk (Note 22).




                                                             71
Page 395
                                                            The original consolidated financial statements included herein
                                                                                          are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                 STATEMENTS
         Tanggal 31 Desember 2025                                      As of December 31, 2025
        dan untuk tahun yang berakhir                                   and for year then ended
            pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
           kecuali dinyatakan lain)


12. ASET TETAP DAN TANAMAN PRODUKTIF                        12. FIXED ASSETS            AND      BEARER        PLANTS
    (lanjutan)                                                  (continued)

   b. Aset tetap (lanjutan)                                    b.   Fixed assets (continued)

      Pada tanggal 31 Desember 2025, 2024, dan                      On December 31, 2025, 2024, and 2023, the
      2023,    Perusahaan,    KSA,      dan    SMU                  Company, KSA, and SMU guarantee oil palm
      menjaminkan Perkebunan kelapa sawit,                          plantations, including land as stated in the
      termasuk didalamnya tanah sebagaimana                         Cultivation Rights (“HGU”) certificate, plants,
      tertera dalam sertifikat Hak Guna Usaha                       non-plants, buildings, complementary facilities,
      (“HGU”), tanaman, non-tanaman, bangunan,                      factory buildings as stated in Building Use
      sarana    pelengkap,     bangunan       pabrik                Rights (“HGB”) certificates and some
      sebagaimana tertera dalam sertifikat Hak Guna                 inventories, receivables and business income in
      Bangunan (“HGB”) dan sebagian persediaan,                     connection with syndicated loans (Note 22).
      piutang dan pendapatan usaha sehubungan
      dengan pinjaman sindikasi (Catatan 22).

      Pada tanggal 31 Desember 2025, 2024, dan                      As of December 31, 2025, 2024, and 2023, the
      2023, Perusahaan dan entitas anak                             Company and its subsidiaries insured
      mengasuransikan bangunan, mesin dan                           buildings, machinery and equipment, vehicles
      peralatan, kendaraan dan alat-alat berat,                     and heavy equipment, and furniture and
      perabotan dan perlengkapan atas risiko                        fixtures against losses from fire and other risks
      kebakaran dan risiko lainnya pada PT                          with PT Asuransi Central Asia, PT Asuransi
      Asuransi Central Asia, PT Asuransi Harta                      Harta Aman Pratama Tbk., and PT Chubb
      Aman Pratama Tbk., dan PT Chubb                               Insurance, third parties, under blanket policies
      Insurance, pihak ketiga, dengan jumlah                        with      insurance       coverage       totaling
      pertanggungan sebesar Rp6.086.622.288                         Rp6,086,622,288 (December 31, 2024:
      (31 Desember 2024: Rp5.319.804.499; dan 31                    Rp5,319,804,499; and December 31, 2023:
      Desember 2023: Rp4.580.525.107) menurut                       Rp4,580,525,107) which in the management’s
      pendapat manajemen jumlahnya cukup untuk                      opinion, is adequate to cover possible losses
      menutup kemungkinan kerugian yang timbul                      from such risks.
      dari risiko-risiko tersebut.


      Manajemen berpendapat bahwa tidak ada                         The management believes that there is no
      indikasi penurunan nilai pada aset tetap dan                  indication of impairment in values for fixed
      tanaman produktif yang disajikan dalam                        assets and bearer plants presented in the
      laporan posisi keuangan pada tanggal 31                       consolidated statement of financial position as
      Desember 2025, 2024, dan 2023.                                of December 31, 2025, 2024, and 2023.




                                                       72
Page 396
                                                                                                      The original consolidated financial statements included herein
                                                                                                                                    are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                       PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                   AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                         STATEMENTS
             Tanggal 31 Desember 2025                                                                              As of December 31, 2025
            dan untuk tahun yang berakhir                                                                           and for year then ended
                pada tanggal tersebut                                                                         (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                         unless otherwise stated)
               kecuali dinyatakan lain)


13. ASET HAK GUNA DAN LIABILITAS SEWA                                                              13. RIGHT OF USE ASSETS AND LEASE LIABILITIES

   Mutasi aset hak guna adalah sebagai berikut:                                                             The movement of right of use assets are as follows:

   Aset Hak Guna                                                                                                                                                Right of Use Assets
                                                         Untuk tahun yang berakhir pada tanggal 31 Desember 2025/
                                                                   For the year ended December 31, 2025

                                Saldo Awal/                                                                                                  Saldo Akhir/
                                 Beginning        Penambahan/        Pengurangan/            Reklasifikasi/           Penyesuaian/             Ending
                                  Balance          Additions          Deductions            Reclassifications          Adjustment              Balance

   Biaya perolehan                                                                                                                                                                Acquisition cost
   Prasarana                       19.638.937       148.056.060                     -                       -                     -             167.694.997                         Infrastructures
   Tanah                           29.988.095                 -                     -                       -                     -              29.988.095                                  Lands
   Bangunan                        82.249.497        55.314.456                     -                       -             6.973.170             144.537.123                               Buildings
   Kendaraan dan alat berat        25.365.476        24.117.211                     -                       -                     -              49.482.687          Vehicle and heavy equipments
   Mesin                                    -         8.610.000                     -                       -                     -               8.610.000                              Mechinery

   Total biaya perolehan          157.242.005       236.097.727                                                           6.973.170             400.312.902                   Total acquisition cost

   Akumulasi depresiasi                                                                                                                                                Accumulated depreciation
   Prasarana                        (4.043.051)       (1.121.863 )                      -                       -                    -           (5.164.914 )                       Infrastructures
   Tanah                           (15.176.700)       (5.095.633 )                      -                       -                    -          (20.272.333 )                                 Land
   Bangunan                        (27.340.794)      (18.249.824 )                      -                       -         (2.227.540)           (47.818.158 )                             Buildings
   Kendaraan dan alat berat         (8.871.781)      (10.101.770 )                      -                       -                  -            (18.973.551 )        Vehicle and heavy equipments
   Mesin                                     -        (2.465.892 )                      -                       -                  -             (2.465.892 )                            Machinery

   Total akumulasi depresiasi      (55.432.326)      (37.034.982 )                                                        (2.227.540)           (94.694.848)      Total accumulated depreciation

   Nilai buku neto                101.809.679                                                                                                   305.618.054                        Net book value



                                                         Untuk tahun yang berakhir pada tanggal 31 Desember 2024/
                                                                   For the year ended December 31, 2024

                                Saldo Awal/                                                                                                  Saldo Akhir/
                                 Beginning        Penambahan/        Pengurangan/            Reklasifikasi/           Penyesuaian/             Ending
                                  Balance          Additions          Deductions            Reclassifications          Adjustment              Balance

   Biaya perolehan                                                                                                                                                                Acquisition cost
   Prasarana                       17.187.752         2.451.185                     -                       -                        -           19.638.937                         Infrastructures
   Tanah                           17.987.200        12.000.895                     -                       -                        -           29.988.095                                  Lands
   Bangunan                        82.249.497                 -                     -                       -                        -           82.249.497                               Buildings
   Kendaraan dan alat berat        21.009.901         4.355.575                     -                       -                        -           25.365.476          Vehicle and heavy equipments

   Total biaya perolehan          138.434.350        18.807.655                     -                       -                        -          157.242.005                    Total acquisition cost

   Akumulasi depresiasi                                                                                                                                                Accumulated depreciation
   Prasarana                        (2.660.009)       (1.383.042 )                      -                       -                        -       (4.043.051 )                       Infrastructures
   Tanah                           (12.928.300)       (2.248.400 )                      -                       -                        -      (15.176.700 )                                 Land
   Bangunan                        (12.992.555)      (14.348.239 )                      -                       -                        -      (27.340.794 )                             Buildings
   Kendaraan dan alat berat         (1.972.760)       (6.899.021 )                      -                       -                        -       (8.871.781 )        Vehicle and heavy equipments

   Total akumulasi depresiasi      (30.553.624)      (24.878.702 )                      -                       -                        -      (55.432.326 )      Total accumulated depreciation

   Nilai buku neto                107.880.726                                                                                                   101.809.679                         Net book value




  Depresiasi                                                                                                Depreciation

  Beban depresiasi yang dibebankan ke operasi sebagai                                                       Depreciation expenses were charged to operations
  bagian dari berikut ini:                                                                                  as part of the following:

                                                              31 Desember 2025/ 31 Desember 2024/
                                                              December 31, 2025 December 31, 2024
  Beban pokok penjualan
    (Catatan 29)                                                       8.956.521                                    6.656.965                             Cost of sales (Note 29)
  Beban umum dan administrasi                                                                                                                General and administrative expenses
    (Catatan 30)                                                      28.078.461                                18.221.737                                          (Note 30)

                                                                      37.034.982                                24.878.702




                                                                                            73
Page 397
                                                                                                 The original consolidated financial statements included herein
                                                                                                                               are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                                    PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                                                AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                                      STATEMENTS
         Tanggal 31 Desember 2025                                                                           As of December 31, 2025
        dan untuk tahun yang berakhir                                                                        and for year then ended
            pada tanggal tersebut                                                                      (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                                      unless otherwise stated)
           kecuali dinyatakan lain)


13. ASET HAK GUNA DAN LIABILITAS SEWA                                                       13. RIGHT OF USE ASSETS AND LEASE LIABILITIES
    (lanjutan)                                                                                  (continued)

   Liabilitas Sewa                                                                                   Lease Liabilities
   Mutasi liabilitas sewa sehubungan dengan aset hak                                                The movement of lease liabilities in relation to the
   guna adalah sebagai berikut:                                                                     right of use assets are as follows:
                                                             Untuk tahun yang Berakhir pada Tanggal 31 Desember 2025/
                                                                       For the year Ended December 31, 2025

                         1 Januari 2025/    Akuisisi/          Penambahan/      Beban bunga/        Pembayaran/       Penyesuaian/       31 Des 2025/
                         January 1, 2025   Acquisition          Additions      Interest expenses     Payments          Adjustment        Dec 31, 2025

   Kelas aset pendasar                                                                                                                                           Underlying assets
   Prasarana                 33.130.991                  -       148.056.061         3.590.231         (10.907.400)               -        173.869.883                Infrastructures
   Bangunan                  41.636.688                  -        55.314.456         2.507.610         (34.627.165)       4.248.702         69.080.291                      Buildings
   Kendaraan dan                                                                                                                                                 Vehicles and heavy
      alat berat             15.630.599       1.595.083            6.558.299         1.017.346          (7.498.132)                  -       17.303.195                equipment
   Mesin                              -               -           19.080.420           976.031          (7.085.175)                  -       12.971.276                    Machinery

   Total                     90.398.278       1.595.083          229.009.236         8.091.218         (60.117.872)       4.248.702        273.224.645                         Total



                                                             Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                                       For the year Ended December 31, 2024


                         1 Januari 2024/    Akuisisi/          Penambahan/      Beban bunga/        Pembayaran/       Penyesuaian/       31 Des 2024/
                         January 1, 2024   Acquisition          Additions      Interest expenses     Payments          Adjustment        Dec 31, 2024

   Kelas aset pendasar                                                                                                                                           Underlying assets
   Prasarana                 21.556.346                  -        13.697.900         3.146.574          (3.802.094)      (1.467.735)         33.130.991               Infrastructures
   Bangunan                  39.073.393                  -                 -         3.636.785          (1.073.490)                -         41.636.688                     Buildings
   Kendaraan dan                                                                                                                                                 Vehicles and heavy
      alat berat             17.054.282                  -         3.429.460         1.726.080          (8.046.958)       1.467.735          15.630.599                equipment

   Total                     77.684.021                  -        17.127.360         8.509.439         (12.922.542)                  -       90.398.278                        Total




   Utang sewa berdasarkan jangka waktu:                                                             Lease payables on time basis:

                                                             31 Desember 2025/ 31 Desember 2024/
                                                             December 31, 2025 December 31, 2024
   Jangka pendek                                                     64.678.069                      13.604.681                                            Current portion
   Jangka panjang                                                   208.546.576                      76.793.597                                         Non-current portion
                                                                    273.224.645                      90.398.278


   Selama tahun 2025, 2024, dan 2023, nilai sewa                                                     For the year 2025, 2024, and 2023, the rental value
   atas aset bernilai rendah dan sewa jangka pendek                                                  of low-value assets and short-term leases was
   adalah sebesar Rp127.416.268, Rp160.959.129,                                                      recorded of Rp127,416,268, Rp160,959,129, and
   dan Rp120.949.648 yang dicatat pada laporan laba                                                  Rp120,949,648, respectively, in the consolidated
   rugi   dan     penghasilan    komprehensif   lain                                                 statement of profit or loss and other comprehensive
   konsolidasian.                                                                                    income.




                                                                                    74
Page 398
                                                                                                          The original consolidated financial statements included herein
                                                                                                                                        are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                            PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                                        AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                              STATEMENTS
           Tanggal 31 Desember 2025                                                                                   As of December 31, 2025
          dan untuk tahun yang berakhir                                                                                and for year then ended
              pada tanggal tersebut                                                                              (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                              unless otherwise stated)
             kecuali dinyatakan lain)


14. ASET TAK BERWUJUD                                                                                 14. INTANGIBLE ASSETS
                                                                  Untuk tahun yang berakhir pada tanggal 31 Desember 2025/
                                                                            For the year ended December 31, 2025

                                           Saldo 1 Jan 2025/                                                                          Saldo 31 Des 2025/
                                               Balance            Penambahan/          Pengurangan/            Reklasifikasi/             Balance
                                              Jan 1, 2025          Additions            Deductions            Reclassifications         Dec 31, 2025

  Biaya perolehan                                                                                                                                                               Acquisition cost
  Lisensi perangkat lunak                         20.702.902            3.629.335                     -                           -          24.332.237                         Software licenses

  Jumlah biaya perolehan                          20.702.902            3.629.335                     -                           -          24.332.237                    Total acquisition cost

  Akumulasi amortisasi                                                                                                                                                 Accumulated amortization
  Lisensi perangkat lunak                        (16.804.836)           (2.786.418)                   -                           -          (19.591.254)                      Software licenses

  Nilai buku neto                                  3.898.066                                                                                   4.740.983                         Net book value


                                                                  Untuk tahun yang berakhir pada tanggal 31 Desember 2024/
                                                                            For the year ended December 31, 2024

                                           Saldo 1 Jan 2024/                                                                          Saldo 31 Des 2024/
                                               Balance            Penambahan/          Pengurangan/            Reklasifikasi/             Balance
                                              Jan 1, 2024          Additions            Deductions            Reclassifications         Dec 31, 2024

  Biaya perolehan                                                                                                                                                               Acquisition cost
  Lisensi perangkat lunak                         20.702.902                       -                  -                           -          20.702.902                         Software licenses

  Jumlah biaya perolehan                          20.702.902                       -                  -                           -          20.702.902                    Total acquisition cost

  Akumulasi amortisasi                                                                                                                                                 Accumulated amortization
  Lisensi perangkat lunak                         (14.114.080)         (2.690.756)                    -                           -         (16.804.836)                       Software licenses

  Nilai buku neto                                  6.588.822                                                                                   3.898.066                         Net book value




   Amortisasi lisensi perangkat lunak dibebankan ke                                                             Amortization of sofware licenses are charged to
   akun beban umum dan administrasi (Catatan 30).                                                               general and administrative expense (Note 30).


15. INVESTASI                SAHAM               PADA            PERUSAHAAN                           15. INVESTMENT IN SHARES OF ASSOCIATED
    ASOSIASI                                                                                              COMPANIES

   Grup memiliki saldo investasi pada tanggal                                                                    The Group owned investments as                                               of
   31 Desember 2025 dan 2024 dengan rincian sebagai                                                              December 31, 2025 and 2024 as follows:
   berikut:
                                                   %              Nilai tercatat          Penambahan                  Bagian laba/                                        Nilai tercatat
                                               kepemilikan/        1 Jan 2025/           (pengurangan)/                  (rugi)/                  Dampak dilusi/       31 Desember 2025/
                                                  % of           Carrying amount            Addition/                  Share of                     Impact on           Carrying amount
                                                ownership          Jan 1, 2025             (deduction)                profit/(loss)                  dilution          December 31, 2025

   Perusahaan asosiasi/
   Associated companies
      Metode ekuitas/Equity method
      PT Surya Borneo Industri
          Kawasan Industri/Industrial estate          49%              550.419.743                        -                  (24.766.424)                          -            525.653.319




                                                   %              Nilai tercatat          Penambahan                  Bagian laba/                                        Nilai tercatat
                                               kepemilikan/        1 Jan 2024/           (pengurangan)/                  (rugi)/                  Dampak dilusi/       31 Desember 2024/
                                                  % of           Carrying amount            Addition/                  Share of                     Impact on           Carrying amount
                                                ownership          Jan 1, 2024             (deduction)                profit/(loss)                  dilution          December 31, 2024

   Perusahaan asosiasi/
   Associated companies
      Metode ekuitas/Equity method
      PT Surya Borneo Industri
          Kawasan Industri/Industrial estate          49%              591.891.284                        -                  (41.471.541)                          -            550.419.743




                                                                                            75
Page 399
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                          STATEMENTS
          Tanggal 31 Desember 2025                                               As of December 31, 2025
         dan untuk tahun yang berakhir                                            and for year then ended
             pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
            kecuali dinyatakan lain)


15. INVESTASI SAHAM           PADA     PERUSAHAAN                 15.      INVESTMENT IN SHARES OF ASSOCIATED
    ASOSIASI (lanjutan)                                                    COMPANIES (continued)

   SBI merupakan Perusahaan swasta tertutup yang                           SBI is a private companies in which there are no
   tidak terdapat harga pasar saham kuotasian yang                         quoted market share prices available.
   tersedia.

   Tabel berikut menyajikan informasi keuangan atas                        The following table illustrates summarized
   entitas asosiasi:                                                       financial information of associated companies:

                                                                            1 Januari 2024/
                                                                           January 1, 2024
                              31 Desember 2025/     31 Desember 2024/     31 Desember 2023/
                              December 31, 2025     December 31, 2024     December 31, 2023
   PT Surya Borneo Industri                                                                              PT Surya Borneo Industri
       Total aset                    891.705.836          955.875.645         1.035.551.441                       Total assets
       Total liabilitas              789.859.958          803.807.616           799.159.824                     Total liabilities
       Total pendapatan              201.646.346          136.237.461           151.910.067                      Total revenue
       Total rugi bersih             (50.543.721)         (84.635.776)         (108.856.753)                   Total net losses


   PT Surya Borneo Industri (“SBI”)                                        PT Surya Borneo Industri (“SBI”)

   Pada tanggal 31 Desember 2025 dan 2024, Tanah                           On December 31, 2025, and 2024, land owned by
   milik SBI dijadikan jaminan sehubungan dengan                           SBI was used as collateral in relation with the
   fasilitas pinjaman CBUT di PT Bank Rakyat                               CBUT’s loan facility at PT Bank Rakyat Indonesia
   Indonesia Tbk. (Persero) (Catatan 22).                                  Tbk. (Persero) (Note 22).

   Tidak ada kerugian penurunan nilai yang diakui                          There was no impairment loss recognized as of
   pada tanggal-tanggal pelaporan, karena jumlah                           reporting dates as the recoverable amounts of the
   terpulihkan dari investasi saham pada perusahaan                        investment in shares of an associated company
   asosiasi yang disebutkan di atas lebih tinggi dari                      stated above exceed their respective carrying
   masing-masing nilai tercatatnya. Ringkasan dari                         amounts. The summary of impairment testing of
   pengujian penurunan nilai investasi saham di atas                       the above-mentioned investment is disclosed in
   diungkapkan pada paragraf-paragraf berikut.                             the succeeding paragraphs.

   Untuk tujuan pengujian penurunan nilai tersebut,                         For impairment testing purposes, the recoverable
   jumlah terpulihkan investasi saham pada                                  amounts of investment in shares of an associated
   perusahaan asosiasi ditentukan berdasarkan “nilai                        company was determined based on “value-in-
   pakai” (value-in-use) dengan menggunakan metode                          use” calculation using discounted cash flow
   arus kas yang didiskontokan.                                             method.

   Grup melakukan pengujian penurunan nilai atas                            The Group performed impairment tests on its
   investasi pada perusahaan asosiasi dilakukan                             investments annually, as well as, if there is an
   setiap tahun bila ada indikasi penurunan nilai pada                      indication of impairment on investment as of
   tanggal-tanggal pelaporan.                                               reporting dates.




                                                            76
Page 400
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                       STATEMENTS
            Tanggal 31 Desember 2025                                            As of December 31, 2025
           dan untuk tahun yang berakhir                                         and for year then ended
               pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
              kecuali dinyatakan lain)


15. INVESTASI SAHAM          PADA       PERUSAHAAN                  15. INVESTMENT IN SHARES OF ASSOCIATED
    ASOSIASI (lanjutan)                                                 COMPANIES (continued)

   PT Surya Borneo Industri (“SBI”) (lanjutan)                           PT Surya Borneo Industri (“SBI”) (continued)

   Berikut adalah ringkasan dari asumsi utama yang                       The following is a summary of the key assumptions
   digunakan pada tanggal 31 Desember 2025:                              used as of December 31, 2025:
        Tingkat diskonto yang digunakan adalah                               Discount rate used is 11%.
         sebesar 11%.
        Tingkat pertumbuhan yang digunakan adalah                            Growth rate used is 4%.
         sebesar 4%.
        Arus kas selama lima tahun dan setelah                              The cash flows for five years and beyond the
         periode yang dicakup dalam proyeksi                                  forecast periods are extrapolated using growth
         diekstrapolasi       menggunakan       tingkat                       rate indicated above which does not exceed the
         pertumbuhan tersebut di atas yang tidak                              long-term average growth rate in Indonesia.
         melebihi tingkat rata-rata pertumbuhan jangka                        The discount rate applied to the cash flow
         panjang di Indonesia. Tingkat diskonto yang                          projections is derived from the weighted
         diterapkan pada proyeksi arus kas dihasilkan                         average cost of capital of the associated
         dari rata-rata tertimbang biaya modal dari                           company.
         entitas asosiasi tersebut.
   Jumlah terpulihkan yang diestimasi melebihi nilai                     The estimated recoverable amounts exceed the
   tercatat sebesar Rp90.991.739. Jika input signifikan                  carrying value by Rp90,991,739. If the significant
   yang tak dapat diobservasi yang digunakan dalam                       unobservable input used in the impairment review
   pengujian penurunan nilai diubah lebih besar                          were changed to a greater extent than as presented
   daripada yang disajikan dalam tabel berikut,                          in the following table, the changes would, in
   perubahan tersebut, secara terpisah, akan                             isolation, lead to an impairment loss being
   mengakibatkan pengakuan rugi penurunan nilai                          recognised for the year ended December 31, 2025.
   untuk tahun yang berakhir pada tanggal 31
   Desember 2025.

                                                                 Perubahan yang diperlukan agar nilai
                                                                     tercatat sama dengan jumlah
                              Input signifikan yang tak dapat      terpulihkan/Change required for
                                  diobservasi/Significant         carrying value to equal recoverable
                                    unobservable input                          amount
                           Tingkat pertumbuhan/Growth rate                       1,27%
                           Weighted Average Cost of Capital
                                                                                0,80%
                           (“WACC”)




                                                            77
Page 401
                                                                                                                The original consolidated financial statements included herein
                                                                                                                                              are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                                              AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                                    STATEMENTS
           Tanggal 31 Desember 2025                                                                                         As of December 31, 2025
          dan untuk tahun yang berakhir                                                                                      and for year then ended
              pada tanggal tersebut                                                                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                                    unless otherwise stated)
             kecuali dinyatakan lain)


16. PIUTANG PLASMA                                                                                         16. PLASMA RECEIVABLES
   Akun ini merupakan akumulasi biaya-biaya yang                                                                    This account represents the accumulated costs
   dikeluarkan oleh Grup untuk pengembangan                                                                         incurred by the Group for the development of
   perkebunan kelapa sawit milik plasma yang akan                                                                   plasma’s oil palm plantation which will be repaid by
   dibayar kembali oleh petani plasma atau                                                                          the plasma farmers or the villagers when the plasma
   masyarakat desa pada saat perkebunan plasma                                                                      plantation produces FFB based on agreements
   telah    menghasilkan   TBS    sesuai    dengan                                                                  between the Group and the plasma farmers or the
   kesepakatan antara Grup dengan petani plasma                                                                     villagers. During year ended December 31, 2025,
   atau masyarakat desa. Selama tahun yang berakhir                                                                 interest charged on the plasma receivables at the
   pada 31 Desember 2025, piutang plasma dikenai                                                                    rate of 8.5% (December 31, 2024: 8.5% to 9,25%
   bunga sebesar 8,5% (31 Desember 2024: 8,5%                                                                       and December 31, 2023: 9.25%) per annum.
   sampai 9,25% dan 31 Desember 2023: 9,25%) per
   tahun.
   Pendapatan bruto petani plasma atau masyarakat                                                                   Gross revenues of the plasma farmers or the
   desa akan dipotong dengan biaya cicilan pokok dan                                                                villagers would be deducted by 35% for the
   bunga atas pinjaman investasi pembangunan kebun                                                                  repayments of principal and interest on investment
   sebesar 35%, biaya pemeliharaan dan perawatan                                                                    loan for plantation development, maximum of 30%
   maksimal sebesar 30% dan biaya jasa pengelolaan                                                                  for maintenance and upkeep cost and a service fee
   kebun sebesar 5%. Pendapatan petani plasma atau                                                                  of 5% to manage the plantations’ operation. Income
   masyarakat desa sebelum pelunasan pinjaman                                                                       of the plasma farmers or the villagers before the
   diperkirakan sebesar 30% dari pendapatan bruto.                                                                  settlement of the loan is estimated at 30% of gross
                                                                                                                    revenues.
   Perkebunan Plasma                                                                                                Plasma Plantations
   Dibawah ini adalah informasi kelompok tani dan                                                                   Below are information of farmers and villagers,
   masyarakat desa yang mempunyai piutang plasma                                                                    which have plasma receivables above Rp500,000.
   diatas Rp500.000.
   Kelompok Tani                                                                                                    Farmers
                                                                                                                                                                Disajikan Kembali - Catatan 4/
                                                                           Luas kebun       Luas yang dikelola                                                        As restated - Note 4

                                                                          dalam Hektar/       dalam Hektar/
                                                                           Estate area        Managed area                                Saldo per            Saldo per             Saldo per

                                                                             in Hectare          in Hectare                           31 Desember 2025/    31 Desember 2024/    31 Desember 2023/
                                Nama plasma/        Tanggal Perjanjian/   (tidak diaudit/     (tidak diaudit/        Tahun berlaku/      Balance as of       Balance as of         Balance as of
   Entitas/Parties              Plasma name         Date of agreement       unaudited)          unaudited)              Valid for      December 31, 2025   December 31, 2024    December 31, 2023

   Perusahaan/The Company        Kelompok Tani          13 Mei 2013/                                                      25 Tahun/
                                  Sepakat Jaya          May 13, 2013                  257                 257              25 Years           30.546.951         38.445.311            30.536.564

                                 Kelompok Tani      24 Desember 2018/                                                     25 Tahun/
                               Sumber Harapan       December 24, 2018                 286                 286              25 Years            5.050.205          5.690.201              5.677.041

                                 Kelompok Tani      1 November 2016/                                                      25 Tahun/
                               Karya Tani Tebok     November 1, 2016                   93                   93             25Years             2.397.588          2.433.072              1.993.825

                                 Kelompok Tani       28 Agustus 2015/                                                     25 Tahun/
                                  Putra Sulung        August 28, 2015                  53                   53             25 Years            2.159.482          2.599.314              2.712.158

                                       Koperasi     2 September 2013/                                                     25 Tahun/
                                    Ardhamewa       September 2, 2013                  97                   97             25 Years            1.803.839          4.807.294              5.152.005

                                 Kelompok Tani            13 Juli 2017/                                                   25 Tahun/
                                    Meniti Fajar         July 13, 2017                194                 194              25 Years            1.208.730          1.208.730              1.165.885

                                 Kelompok Tani          21 Mei 2018/                                                      25 Tahun/
                               Anugerah Ktw Hilir       May 21, 2018                   85                   85             25 Years            1.199.282          1.139.500              1.041.763

                               Masyarakat Desa           9 April 2015/                                                    25 Tahun/
                                     Kenambui            April 9, 2015                  8                       7          25 Years            1.040.684          1.265.096              1.237.050

                                 Kelompok Tani            1 Juni 2015/                                                    25 Tahun/
                                  Tani Makmur            June 1, 2015                  58                   58             25 Years             743.035             860.850               926.462

                                 Kelompok Tani      4 September 2017/                                                     25 Tahun/
                                Selangkun Jaya      September 4, 2017                  68                   68             25 Years             706.534             751.534               699.084

                                Kelompok Tani        28 Agustus 2015/                                                     25 Tahun/
                               Cahaya Harapan         August 28, 2015                  33                   33             25 Years             523.485             761.240              1.114.882

   PT Kalimantan Sawit Abadi   Masyarakat Desa             1 Juli 2013/                                                   25 Tahun/
                                    Natai Baru            July 1, 2013                 10                   10             25 Years            1.331.011          1.398.003              1.338.223

                                Kelompok Tani           11 April 2018/                                                    25 Tahun/
                               Mekar Jaya Kubu          April 11, 2018                 36                   36             25 Years             966.210             966.210               919.060

                                Kelompook Tani       28 Agustus 2018/                                                     25 Tahun/
                                 Ragat Ringkin        August 28, 2018                  86                   86             25 Years             905.527             905.527               862.559

                               Koperasi Kondang
                                  Maju Bersama       3 Februari 2015/                                                     25 Tahun/
                                 Desa Kondang        February 3, 2015                  53                   53             25 Years             723.195             783.273              4.837.794

   Saldo dilanjutkan/
   Balance carried forward                                                                                                                    51.305.758         64.015.155            60.214.355



                                                                                               78
Page 402
                                                                                                                The original consolidated financial statements included herein
                                                                                                                                              are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                                                                 PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                                                                   STATEMENTS
              Tanggal 31 Desember 2025                                                                                        As of December 31, 2025
             dan untuk tahun yang berakhir                                                                                     and for year then ended
                 pada tanggal tersebut                                                                                   (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                                                                   unless otherwise stated)
                kecuali dinyatakan lain)


16. PIUTANG PLASMA (lanjutan)                                                                                 16. PLASMA RECEIVABLES (continued)

      Perkebunan Plasma (lanjutan)                                                                                    Plasma Plantations (continued)

      Dibawah ini adalah informasi kelompok tani dan                                                                  Below are information of farmers and villagers,
      masyarakat desa yang mempunyai piutang plasma                                                                   which have plasma receivables above Rp500,000.
      diatas Rp500.000.(lanjutan)                                                                                     (continued)

      Kelompok Tani (lanjutan)                                                                                        Farmers (continued)
                                                                                                                                                                   Disajikan Kembali - Catatan 4/
                                                                                Luas kebun       Luas yang dikelola                                                      As restated - Note 4
                                                                               dalam Hektar/       dalam Hektar/
                                                                                 Estate area       Managed area                               Saldo per           Saldo per            Saldo per
                                                                                  in Hectare          in Hectare                         31 Desember 2025/    31 Desember 2024/    31 Desember 2023/
                                      Nama plasma/       Tanggal Perjanjian/   (tidak diaudit/     (tidak diaudit/     Tahun berlaku/       Balance as of       Balance as of         Balance as of
      Entitas/Parties                 Plasma name        Date of agreement       unaudited)          unaudited)           Valid for       December 31, 2025   December 31, 2024    December 31, 2023

      Saldo dilanjutkan/
      Balance brought forward                                                                                                                    51.305.758         64.015.155            60.214.355

      PT Mitra Mendawai Sejati         Kelompok Tani          11 Juni 2015/                                                 25 Tahun/
                                          Sawit Raya         June 11, 2015                 185                185            25 Years            10.677.055         10.668.551              9.779.848

                                       Kelompok Tani       18 Januari 2017/                                                 25 Tahun/
                                         Kundur Jaya      January 18, 2017                 121                121            25 Years             3.104.313          3.547.000              3.241.956

                                       Kelompok Tani         11 April 2015/                                                 25 Tahun/
                                        Rabing Raya          April 11, 2015                 81                 81            25 Years             2.418.151          2.492.792              2.254.591

                                             Koperasi      7 Oktober 2014/                                                  25 Tahun/
                                    Mitra Bina Suayap      October 7, 2014                  27                 27            25 Years             1.952.658          2.244.149              2.170.747

                                       Kelompok Tani      11 Januari 2018/                                                  25 Tahun/
                                           Hasanudin      Januari 18, 2018                 132                132            25 Years             1.930.970          1.993.046              1.906.157

                                       Kelompok Tani
                                           Mitra Sawit   7 Desember 2015/                                                   25 Tahun/
                                        MUA Mandiri      December 7, 2015                   21                 21            25 Years             1.928.255          1.924.279              1.745.848

                                      Kelompok Tani        05 Januari 2015/                                                 25 Tahun/
                                    Sungai P. Mandiri     January 05, 2015                  55                 55            25 Years             1.735.721          1.862.857              1.785.675

                                      Kelompok Tani       16 Oktober 2017/                                                  25 Tahun/
                                     Umpang Bersatu       October 16, 2017                  72                 72            25 Years             1.636.606          1.598.394              1.481.508

                                       Kelompok Tani         23 April 2018/                                                 25 Tahun/
                                 Citra Sawit Sejahtera       April 23, 2018                 45                 45            25 Years             1.217.895          1.217.895              1.162.608

                                      Kelompok Tani          25 April 2018/                                                 25 Tahun/
                                    Hauman Keluarga          April 25, 2018                 26                 26            25 Years             1.083.198          1.082.111               986.197

                                       Kelompok Tani            6 Juli 2017/                                                25 Tahun/
                                    Mitra Runtu Sejati         July 6, 2017                 83                 83            25 Years              914.729             968.941               939.529

                                        Kelompok Tani           6 Juli 2017/                                                25 Tahun/
                                 Mitra Runtu Sejahtera        July 06, 2017                 50                 50            25 Years              865.044             880.353               830.650

                                             Koperasi        16 April 2013/                                                 25 Tahun/
                                      Citra Mua Sejati       April 16, 2013                103                103            25 Years               20.048           7.889.936              8.723.472

      PT Tanjung Sawit Abadi         Kelompook Tani      14 Februari 2014/                                                  25 Tahun/
                                    Harapan Bersama      February 14, 2014                 136                136            25 Years             3.845.259          2.859.037              1.939.628

                                     Masyarakat Desa          18 Juni 2012/                                                 25 Tahun/
                                         Batu Ampar          June 18, 2012                   8                  8            25 Years              773.871             828.309               768.919

                                            Koperasi         30 Mei 2014/                                                   25 Tahun/
                                    Melata Jaya Indah        May 30, 2014                  341                341            25 Years              654.369             797.615            26.761.583

                                       Koperasi Turun    10 Februari 2015/                                                  25 Tahun/
                                       Bakunyit Abadi    February 10, 2015                  59                 59            25 Years              567.066             302.112                52.270

                                    Masyarakat Desa           18 Juni 2012/                                                 25 Tahun/
                                            Topalan          June 18, 2012                  10                 10            25 Years              557.755             738.929               788.669

                                             Koperasi          8 Juni 2012/                                                 25 Tahun/
                                    Seluai Jaya Abadi         June 8, 2012                 345                345            25 Years              207.563           2.654.818            19.375.537

                                            Koperasi     27 September 2013/                                                 25 Tahun/
                                         Maraga Jaya     September 27, 2013                314                314            25 Years                     -          1.324.551            18.650.572

                                            Koperasi      23 Agustus 2013/                                                  25 Tahun/
                                     Batu Dara Omas        August 23, 2013                 161                161            25 Years                     -            584.223            11.249.947
  -

      PT Menteng Kencana Mas                 Koperasi    18 Desember 2017/                                                  25 Tahun/
                                           Sumber Air    December 18, 2017               1.392              1.392            25 Years          212.931.608         197.082.101           248.470.850

                                       Koperasi Sawit         12 Juni 2018/                                                 25 Tahun/
                                       Maliku Mandiri        June 12, 2018                 582                491            25 Years            83.808.748        110.684.747            90.586.657

                                     Koperasi Tarung      21 Februari 2022/                126                118            25 Tahun/
                                            Manuah        February 21, 2022                                                   25 Years            2.384.667         7.890.757               5.322.046


      Saldo dilanjutkan/
      Balance carried forward                                                                                                                  386.521.307         428.132.658           523.129.447




                                                                                                    79
Page 403
                                                                                                               The original consolidated financial statements included herein
                                                                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                                 PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                                NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                                   STATEMENTS
             Tanggal 31 Desember 2025                                                                                        As of December 31, 2025
            dan untuk tahun yang berakhir                                                                                     and for year then ended
                pada tanggal tersebut                                                                                   (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                                   unless otherwise stated)
               kecuali dinyatakan lain)


16. PIUTANG PLASMA (lanjutan)                                                                                16. PLASMA RECEIVABLES (continued)

    Perkebunan Plasma (lanjutan)                                                                                     Plasma Plantations (continued)

    Dibawah ini adalah informasi kelompok tani dan                                                                   Below are information of farmers and villagers,
    masyarakat desa yang mempunyai piutang plasma                                                                    which have plasma receivables above Rp500,000.
    diatas Rp500.000.(lanjutan)                                                                                      (continued)

    Kelompok Tani (lanjutan)                                                                                         Farmers (continued)
                                                                                                                                                                      Disajikan Kembali - Catatan 4/
                                                                               Luas kebun       Luas yang dikelola                                                          As restated - Note 4
                                                                              dalam Hektar/       dalam Hektar/
                                                                                Estate area       Managed area                              Saldo per                Saldo per            Saldo per
                                                                                 in Hectare          in Hectare                        31 Desember 2025/         31 Desember 2024/    31 Desember 2023/
                                      Nama plasma/      Tanggal Perjanjian/   (tidak diaudit/     (tidak diaudit/     Tahun berlaku/      Balance as of            Balance as of         Balance as of
     Entitas/Parties                  Plasma name       Date of agreement       unaudited)          unaudited)           Valid for      December 31, 2025        December 31, 2024    December 31, 2023

    Saldo lanjutan/
    Balance brought forward                                                                                                                     386.521.307           428.132.658           523.129.447

    PT Sawit Multi Utama                   Koperasi         21 Mei 2012/                                                   25 Tahun/
                                    Bina Semua Jaya         May 21, 2012                  600                600            25 Years             17.518.905            19.390.258            26.994.355

                                            Koperasi    10 September 2013/                                                 25 Tahun/
                                       Rimba Baguna     September 10, 2013                140                140            25 Years              4.700.905             6.140.413            13.396.392

                                            Koperasi    10 September 2013/                                                 25 Tahun/
                                 Natai Suka Sejahtera   September 10, 2013                136                106            25 Years              2.858.029             4.308.085              8.378.336

                                      Kelompook Tani        4 Maret 2019/                                                  25 Tahun/
                                       Maju Bersama         March 4, 2019                  51                 51            25 Years              1.481.644             1.481.644              1.481.644

                                    Koperasi Pusaka         13 Mei 2014/                                                   25 Tahun/
                                      Bulau Sahabun         May 13, 2014                  387                384            25 Years              1.252.242             5.120.350            31.113.319

                                     Masyarakat Desa     4 Oktober 2017/                                                   25 Tahun/
                                        Batu Tunggal     October 4, 2017/                   6                  6            25 Years               692.420                619.318               513.400

                                     Masyarakat Desa          1 Juni 2015/                                                 25 Tahun/
                                          Sepondam           June 1, 2015                   9                  5            25 Years               228.440                526.169               632.940

                                    Masyarakat Desa            1 Juli 2013/                                                25 Tahun/
                                       Nanga Koring           July 1, 2013                 10                 10            25 Years                67.411                412.936               677.833

                                    Koperasi Harapan     13 Oktober 2014/                                                  25 Tahun/
                                    Makmur Bersama       October 13, 2014                 243                215            25 Years                      -               969.596              4.260.528
    PT Sawit Mandiri Lestari                Koperasi
                                Tuntung Jaya Makmur        2 Januari 2025/                                                 25 Tahun/
                                 Desa Riam Panahan        January 2, 2025                 487                487            25 Years              1.687.084                      -                     -

                                            Koperasi
                               Kanipa Jaya Bersaudara      2 Januari 2025/                                                 25 Tahun/
                                    Desa Sungai Tuat      January 2, 2025                 241                241            25 Years              1.601.183                      -                     -

                                       Kelompok Tani    1 November 2025/                                                   25 Tahun/
                                            Makmur      November 1, 2025                   21                 21            25 Years               861.311                       -                     -

                                       Kelompok Tani    1 November 2025/                                                   25 Tahun/
                                      Desa Purwareja    November 1, 2025                   15                 15            25 Years               803.661                       -                     -

                                     Masyarakat Desa    1 Desember 2025/                                                   25 Tahun/
                                        Batu Tambun     December 1, 2025                   10                 10            25 Years               598.246                       -                     -

                                     Masyarakat Desa    1 Desember 2025/                                                   25 Tahun/
                                       Riam Panahan     December 1, 2025                   10                 10            25 Years               539.223                       -                     -

                                     Masyarakat Desa    1 September 2025/                                                  25 Tahun/
                                         Batu Kotam     September 1, 2025                  10                 10            25 Years               523.759                       -                     -

  Lain-lain/Others                                                                                                                               12.681.575            10.938.084            19.928.405

                                                                                                                                                434.617.345           478.039.511           630.506.599
  Dikurangi dengan penyisihan penurunan nilai/
  Less allowance for impairment                                                                                                                 (34.472.834)           (27.755.873)          (37.274.799)

                                                                                                                                                400.144.511           450.283.638           593.231.800




  Mutasi atas penyisihan penurunan nilai piutang                                                                     Movements in the allowance for declining in value
  plasma adalah sebagai berikut:                                                                                     of plasma receivables are as follows:
                                                                                                Disajikan Kembali - Catatan 4/
                                                                                                     As restated - Note 4
                                                                                                                        1 Januari 2024/
                                                                                                                       January 1, 2024
                                                        31 Desember 2025/              31 Desember 2024/              31 Desember 2023/
                                                        December 31, 2025              December 31, 2024              December 31, 2023
    Saldo awal                                                       27.755.873                   37.274.799                                -                                   Beginning Balance
    Penghapusan penyisihan atas                                                                                                                                Write-off of allowance for declining
      penurunan nilai piutang plasma                                           -                   (7.917.474)                              -                 in value of plasma receivables
                                                                                                                                                                Additions/(recovery) of allowance
    Tambahan/(pemulihan) penyisihan atas                                                                                                                                      for impairment of
      penurunan nilai piutang plasma                                  6.716.961                    (1.601.452)                  37.274.799                                plasma receivables
    Saldo akhir                                                     34.472.834                    27.755.873                    37.274.799                                            Ending balance


                                                                                                   80
Page 404
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                      STATEMENTS
          Tanggal 31 Desember 2025                                           As of December 31, 2025
         dan untuk tahun yang berakhir                                        and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


16. PIUTANG PLASMA (lanjutan)                                     16. PLASMA RECEIVABLES (continued)

   Perkebunan Plasma (lanjutan)                                      Plasma Plantations (continued)

   Berdasarkan penelaahan atas piutang plasma dari                    Based on a review of the plasma receivables of
   tiap-tiap proyek pada tanggal 31 Desember 2025,                    each project as of December 31, 2025, 2024, and
   2024, dan 2023, manajemen berkeyakinan bahwa                       2023, management believes that the allowance for
   penyisihan atas penurunan nilai piutang plasma                     impairment of plasma receivables is sufficient to
   sudah cukup untuk menutup kerugian yang timbul                     cover the possible losses due to the allowance for
   akibat adanya penurunan nilai piutang plasma.                      impairment of plasma receivables.

   Selama 2025 dan 2024, beberapa Koperasi                            During 2025 and 2024, several Plasma
   Plasma mendapatkan fasilitas kredit dari PT Bank                   Cooperatives received credit facilities from PT Bank
   Syariah Indonesia Tbk (“BSI”) dengan jumlah                        Syariah Indonesia Tbk (“BSI”) with a total amount of
   keseluruhan sebesar Rp774.270.135.                                 Rp774,270,135

   Beberapa entitas anak Perusahaan memberikan                        Certain subsidiaries of the Company's provided
   penjaminan atas fasilitas dari perbankan yang                      guarantees for banking facilities obtained by
   diperoleh      beberapa        kelompok            tani            several farmer groups ("Cooperatives/Plasma")
   ("Koperasi/Plasma") dengan total nilai pinjaman                    amounting Rp721,178,545 (2024: Rp333,293,151).
   Rp721.178.545 (2024: Rp333.293.151). Selain                        Beside the guarantees from certain subsidiaries,
   jaminan dari beberapa entitas anak, fasilitas ini juga             this facility is also guaranteed by the oil palm
   dijamin dengan kebun kelapa sawit milik masing-                    plantation owned by each Cooperative.
   masing Koperasi.

   Grup menghitung kerugian kredit ekspektasian                       The Group computes expected credit loss for
   (expected credit loss) untuk piutang plasma dan                    plasma receivables and the financial guarantees
   jaminan keuangan yang diberikan atas pinjaman                      provided for plasma bank loans using the general
   bank plasma dengan menggunakan pendekatan                          approach. In calculating the expected credit loss
   umum. Dalam menghitung tingkat kerugian kredit                     rates, the Group considers production rate of
   ekspektasian, Grup mempertimbangkan tingkat                        plasma, price of fresh fruit bunch, and adjusts for
   produksi plasma, harga tandan buah segar, serta                    forward-looking information such as forecasts of
   melakukan penyesuaian atas informasi ke depan,                     future economic conditions and interest rates.
   seperti proyeksi kondisi ekonomi dan tingkat suku
   bunga di masa mendatang.




                                                             81
Page 405
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                               STATEMENTS
          Tanggal 31 Desember 2025                                                    As of December 31, 2025
         dan untuk tahun yang berakhir                                                 and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


17. ASET LAINNYA                                                         17. OTHER ASSETS

                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                      December 31, 2025   December 31, 2024    December 31, 2023
    Aset lancar lainnya                                                                                             Other current assets
    Pihak ketiga                                                                                                              Third parties
    Bank yang dibatasi penggunaannya                                                                              Restricted cash in banks
       PT Bank Rakyat Indonesia                                                                               PT Bank Rakyat Indonesia
          (Persero) Tbk                               -         632.505.544                     -                       (Persero) Tbk
       PT Bank Negara Indonesia                                                                               PT Bank Negara Indonesia
          (Persero) Tbk                              -                    -           888.190.872                       (Persero) Tbk
    Lain-lain                                  839.957           11.262.119                     -                                 Others
    Total aset lancar lainnya                  839.957          643.767.663           888.190.872               Total other current assets


                                                               Disajikan Kembali - Catatan 4/
                                                                    As restated - Note 4
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                      December 31, 2025   December 31, 2024    December 31, 2023


    Aset tidak lancar lainnya                                                                                    Other non-current assets
    Pihak berelasi (Catatan 33a)                                                                                   Related party (Note 33a)
    Deposit sewa gedung                       7.577.280           7.577.280             7.577.280                   Building rental deposits

                                              7.577.280           7.577.280             7.577.280

    Pihak ketiga                                                                                                               Third parties
    Uang muka pembelian aset tetap            9.996.017         134.950.607           122.261.887   Advances for purchasing of fixed assets
    Deposito yang dibatasi penggunaannya      6.007.575           6.007.575             6.007.575                  Restricted time deposits
    Uang jaminan                              3.543.929                   -             3.170.277                         Security deposits
    Lain-lain                                   452.081           7.110.863             4.426.080                                    Others

    Total aset tidak lancar lainnya          27.576.882         155.646.325           143.443.099          Total other non-current assets



   Bank yang dibatasi penggunaannya                                           Restricted cash in banks

   Pada tanggal 12 Juli 2023, Pemerintah Republik                             On July 12, 2023, the Government of the Republic
   Indonesia mengeluarkan Peraturan Pemerintah No.                            of Indonesia issued Government Regulation No. 36
   36 Tahun 2023 yang telah diubah dengan Peraturan                           of 2023 as amended by Government Regulation
   Pemerintah No. 8 Tahun 2025 yang mengatur                                  No. 8 of 2025, which regulates the cash proceeds
   tentang devisa hasil ekspor, valuta asing dan                              from export sales, foreign exchange and import
   pembayaran impor untuk bisnis di sektor                                    payments        for business in mining, plantation,
   pertambangan, perkebunan, kehutanan, dan                                   forestry, and fishery sectors.
   perikanan.

   Berdasarkan Peraturan Pemerintah tersebut, 30%                             Based on this Government Regulation, 30% of the
   dari devisa hasil ekspor, dengan nilai ekspor paling                       cash proceeds from export sales that have export
   sedikit AS$250.000 atau ekuivalennya, wajib                                values of at least US$250,000 or its equivalent
   ditempatkan ke dalam rekening khusus dengan                                stated in an export customs declaration must be
   jangka waktu paling singkat tiga bulan. Peraturan ini                      placed in the special account for a holding period of
   berlaku efektif sejak tanggal 1 Agustus 2023. Grup                         at least three months. This regulation became
   telah melaksanakan kewajiban untuk menempatkan                             effective on 1 August 2023. The Group has carried
   Devisa Hasil Ekspor Sumber Daya Alam (DHE SDA)                             out the obligation to place Devisa Hasil Ekspor
   ke dalam rekening khusus dan disajikan sebagai                             Sumber Daya Alam (DHE SDA) into the special
   bagian dari "Bank yang dibatasi penggunaannya"                             accounts and are presented as part of “Restricted
   dalam laporan posisi keuangan konsolidasian.                               cash in bank” in the consolidated statements of
                                                                              financial position.




                                                                  82
Page 406
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                             STATEMENTS
          Tanggal 31 Desember 2025                                                  As of December 31, 2025
         dan untuk tahun yang berakhir                                               and for year then ended
             pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
            kecuali dinyatakan lain)


17. ASET LAINNYA (lanjutan)                                            17. OTHER ASSETS (continued)
   Bank yang dibatasi penggunaannya (lanjutan)                              Restricted cash in banks (continued)
   Berdasarkan Peraturan Pemerintah No. 8 Tahun                             In accordance with Government Regulation No. 8 of
   2025, Grup wajib menempatkan 100% DHE dalam                              2025, the Group is required to place 100% of DHE
   rekening khusus selama 12 bulan. Berdasarkan                             into a designated account for 12 months. Based on
   peraturan tersebut, DHE dapat seketika dikonversi                        the regulation, export proceeds (DHE) can be
   100% ke mata uang Rupiah dan dapat digunakan                             immediately converted 100% into Rupiah and can
   untuk kegiatan usaha Grup. Mulai 1 Januari 2026,                         be used for the Group’s business activities. Starting
   DHE yang dapat seketika dikonversi ke mata uang                          January 1, 2026, the portion of DHE that can be
   Rupiah maksimal 50%.                                                     immediately converted into Rupiah will be limited to
                                                                            a maximum of 50%.
   Bank yang dibatasi penggunaannya digunakan                               Restricted cash in bank were pledged as collateral
   sebagai jaminan atas pinjaman bank (Catatan 22).                         for bank loans (Note 22).
   Deposito yang dibatasi penggunaannya                                     Restricted time deposits
   Pada tanggal 31 Desember 2025, 2024, dan 2023,                           As of December 31, 2025, 2024, and 2023,
   deposito yang dibatasi penggunaannya merupakan                           restricted time deposits represented time deposits
   deposito yang ditempatkan pada PT Bank Rakyat                            placed in PT Bank Rakyat Indonesia (Persero) Tbk.
   Indonesia (Persero) Tbk. (BRI) yang digunakan                            (BRI) which was restricted to use due to it was
   sebagai jaminan atas pinjaman Perusahaan kepada                          pledged for the Company loan to BRI. (Note 22)
   BRI. (Catatan 22)
   Uang muka pembelian aset tetap                                           Advances for purchase of fixed assets
   Pada tanggal 31 Desember 2025, uang muka                                 As of December 31, 2025, advances for
   pembelian aset tetap merupakan uang muka                                 purchasing of fixed assets are related to
   sehubungan dengan penyelesaian pembangunan                               completion of the construction of oil storage tank
   tangki penyimpanan minyak di Tempenek dan uang                           in Tempenek and advance for purchasing of
   muka pembelian atas perabotan dan peralatan.                             furnitures and equipment.


18. UTANG USAHA DAN UTANG LAIN-LAIN - PIHAK                            18. TRADE AND OTHER PAYABLES - THIRD
    KETIGA                                                                 PARTIES
                                                             Disajikan Kembali - Catatan 4/
                                                                  As restated - Note 4
                                                                               1 Januari 2024/
                                                                              January 1, 2024
                                   31 Desember 2025/    31 Desember 2024/    31 Desember 2023/
                                   December 31, 2025    December 31, 2024    December 31, 2023
    Utang usaha - dalam Rupiah                                                                               Trade payables - in Rupiah
      PT Multi Usaha Abadi                222.738.354         122.161.998           103.265.696                 PT Multi Usaha Abadi
      Koperasi Karya Bakti Mitra Bakuba   136.676.322                   -                     -    Koperasi Karya Bakti Mitra Bakuba
      PT Borneo Langgeng Sejahtera         41.810.179                   -                     -       PT Borneo Langgeng Sejahtera
      Koperasi Maraga Jaya Bersama         12.313.891           9.353.962                     -       Koperasi Maraga Jaya Bersama
      Koperasi Seluai Jaya Abadi           11.613.193          13.156.769             5.218.450           Koperasi Seluai Jaya Abadi
      Koperasi Harapan Makmur Bersama      10.929.375           8.278.010                     -   Koperasi Harapan Makmur Bersama
      PT Bumitama Gunajaya Abadi           10.690.976                   -                     -        PT Bumitama Gunajaya Abadi
      Koperasi Melata Jaya Indah            8.372.072           8.442.569                     -          Koperasi Melata Jaya Indah
      Koperasi Pusaka Bulau Sahabun         8.311.612           6.103.485                     -      Koperasi Pusaka Bulau Sahabun
      Koperasi Batu Dara Omas               7.915.931           7.216.871                     -            Koperasi Batu Dara Omas
      KUD Sumber Tani                       7.364.489           5.507.327                     -                     KUD Sumber Tani
      Koperasi Bina Semua Jaya              7.268.823           5.725.340                     -           Koperasi Bina Semua Jaya
      PT Satria Hupasarana                  5.279.840                   -             6.478.900                PT Satria Hupasarana
      PT Gemareksa Mekarsari                2.325.095                   -             7.823.161             PT Gemareksa Mekarsari
      PT Sawit Mandiri Lestari                      -          29.986.557            63.341.165              PT Sawit Mandiri Lestari
      PT Khatulistiwa Sinergi Omnidaya              -           5.922.446                     -     PT Khatulistiwa Sinergi Omnidaya
      Koperasi Sumber Air Jaya                      -                   -            26.191.646            Koperasi Sumber Air Jaya
       Lain-lain (jumlah masing-masing                                                                             Others (individually
          kurang dari Rp5.000.000)         36.898.738          81.834.771            67.474.600           each below Rp5,000,000)

      Total                               530.508.890         303.690.105           279.793.618                                  Total



                                                                83
Page 407
                                                                           The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                 STATEMENTS
          Tanggal 31 Desember 2025                                                      As of December 31, 2025
         dan untuk tahun yang berakhir                                                   and for year then ended
             pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
            kecuali dinyatakan lain)


18. UTANG USAHA DAN UTANG LAIN-LAIN - PIHAK                               18. TRADE AND OTHER PAYABLES - THIRD
    KETIGA (lanjutan)                                                         PARTIES (continued)

                                                                Disajikan Kembali - Catatan 4/
                                                                     As restated - Note 4
                                                                                   1 Januari 2024/
                                                                                  January 1, 2024
                                       31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                       December 31, 2025   December 31, 2024     December 31, 2023

    Utang lain-lain - dalam Rupiah                                                                              Other payables - in Rupiah
       PT Borneo Langgeng Sejahtera          158.103.849          97.788.069           338.804.490       PT Borneo Langgeng Sejahtera
       PT Banua Sarana Jaya                   44.866.133          38.818.555            72.797.216              PT Banua Sarana Jaya
       PT Karyatama Unggul Sejahtera          30.508.237          36.317.064            44.514.950      PT Karyatama Unggul Sejahtera
       PT Trakindo Utama                      11.754.565           5.500.228             1.622.064                  PT Trakindo Utama
       PT Gunawan Berkat Sejahtera             4.654.273           7.837.785            16.793.619        PT Gunawan Berkat Sejahtera
       PT Agritama Multi Sarana                4.276.807           6.550.102             9.273.176            PT Agritama Multi Sarana
       PT Hanau Perkasa Beton                  2.923.309           3.995.358            22.559.099            PT Hanau Perkasa Beton
       CV Mitra Sohibulhajat Engineering       2.880.702          11.832.898            10.202.296    CV Mitra Sohibulhajat Engineering
       PT Binausaha Karta Arkasa               2.377.160           3.522.066             6.420.795          PT Binausaha Karta Arkasa
       PT Semesta Primaindo Jaya Abadi           928.141           5.329.675               148.963    PT Semesta Primaindo Jaya Abadi
       CV Dona Doni                               63.278           6.684.588               380.797                       CV Dona Doni
       PT Pupuk Indonesia Niaga                        -          15.177.479                     -           PT Pupuk Indonesia Niaga
       Lain-lain (jumlah masing-masing                                                                              Others (individually
          kurang dari Rp5.000.000)           124.288.507         158.952.945           231.101.674            each below Rp5,000,000)

    Utang lain-lain - dalam Dolar AS                                                                         Other payables - in US Dollars
       Oiltek Sdn. Bhd.                       19.506.388                    -                    -                      Oiltek Sdn. Bhd.
       Nee Soon Teknik Sdn. Bhd.               4.718.882                    -                    -           Nee Soon Teknik Sdn. Bhd.
                                             411.850.231         398.306.812           754.619.139
    Dikurangi: dampak                                                                                                     Less: impact on
       penyesuaian nilai wajar                         -                    -          (14.342.982)           the adjustment of fair value
      Total                                  411.850.231         398.306.812           740.276.157                                   Total


   Utang usaha merupakan utang atas pembelian                                   Trade payables represent payables for purchases of
   tandan buah segar dan minyak kelapa sawit.                                   fresh fruit bunches and crude palm oil.

   Utang lain-lain sebagian besar merupakan utang                               Other payables mostly represent payables to
   kepada pemasok atas pembelian suku cadang dan                                supplier for purchasing of spareparts and fertilizers.
   pupuk.

   Berdasarkan surat permohonan penangguhan                                     Based on the letter requesting the postponement of
   pembayaran utang kepada PT Borneo Langgeng                                   payment payables to PT Borneo Langgeng
   Sejahtera (BLS) tanggal 29 Juni 2023, Grup                                   Sejahtera (BLS) dated June 29, 2023, the Group
   meminta penundaan pembayaran utang kepada                                    requested to postpone repayment of payables to
   BLS sebesar Rp620.239.858 atas pembelian pupuk                               BLS of Rp620,239,858 for the purchase of fertilizers
   sehingga akan jatuh tempo pada Juli 2024. Pada                               so it will mature in July 2024. On June 30, 2023, BLS
   tanggal 30 Juni 2023, BLS menyatakan setuju atas                             agreed to the Group’s request. Therefore, the
   permohonan Grup. Oleh karena hal ini, Manajemen                              Group's Management recorded the fair value of the
   Grup mencatat nilai wajar atas saldo terhutang pada                          outstanding balance on December 31, 2023
   tanggal 31 Desember 2023 sebesar Rp52.514.588.                               amounting to Rp52,514,588. During 2024 and 2023,
   Dampak atas amortisasi nilai wajar selama tahun                              the amortization cost of fair value other payable was
   2024 dan 2023 sebesar Rp14.342.982 dan                                       Rp14,342,982 and Rp38,171,606. As of December
   Rp38.171.606. Pada tanggal 31 Desember 2024,                                 31, 2024, the previously postoponed payables as
   Nilai utang yang sebelumnya ditangguhkan                                     explained above has been fully settled.
   tersebut, telah dilunaskan sepenuhnya.




                                                                   84
Page 408
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                               STATEMENTS
          Tanggal 31 Desember 2025                                                    As of December 31, 2025
         dan untuk tahun yang berakhir                                                 and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


18. UTANG USAHA DAN UTANG LAIN-LAIN - PIHAK                             18. TRADE AND OTHER PAYABLES - THIRD
    KETIGA (lanjutan)                                                       PARTIES (continued)

   Pada tanggal 31 Desember 2025, 2024, dan 2023,                             As of December 31, 2025, 2024, and 2023, trade
   saldo utang usaha dan utang lain-lain pihak ketiga                         and other payables to third parties are unsecured
   tidak memiliki jaminan dan tidak dikenakan bunga.                          and non-interest bearing. There have been no
   Tidak ada surat jaminan yang diberikan oleh Grup                           guarantees provided by the Group for any trade and
   untuk utang usaha dan utang lain-lain - pihak ketiga.                      other payables to third parties.


19. LIABILITAS KONTRAK                                                  19. CONTRACT LIABILITIES
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                      December 31, 2025   December 31, 2024    December 31, 2023
    Pihak berelasi (Catatan 33b)                                                                               Related party (Note 33b)
    PT Citra Borneo Indah                     4.500.000           6.000.000                    -                 PT Citra Borneo Indah
    PT Bank Perkreditan Rakyat                                                                              PT Bank Perkreditan Rakyat
       Lingga Sejahtera                       2.250.000           1.000.000            2.000.000                    Lingga Sejahtera
    Borneo Agri-Resources                                                                                        Borneo Agri-Resources
       International Pte. Ltd.                        -          88.891.000                    -               International Pte. Ltd.
                                              6.750.000          95.891.000            2.000.000
    Pihak ketiga                                                                                                          Third parties
    PT Wilmar Nabati Indonesia               50.703.400                   -                    -            PT Wilmar Nabati Indonesia
    Olam Global Agri Pte. Ltd                16.063.611                   -                    -              Olam Global Agri Pte. Ltd
    PT Dua Kuda Indonesia                             -         129.609.244           46.886.115               PT Dua Kuda Indonesia
    PT Tanimas Edible Oil                             -          10.050.676            2.806.972                 PT Tanimas Edible Oil
    Atk Pte Ltd                                       -           5.600.133                    -                            Atk Pte Ltd
    CV Cahaya Indah Terang Abadi                      -                   -            5.007.037         CV Cahaya Indah Terang Abadi
    Lain-lain (jumlah masing-masing                                                                                 Others (individually
       kurang dari Rp5.000.000)               5.143.859           4.015.746            7.778.368           each below Rp5.000,000)
                                             71.910.870         149.275.799           62.478.492
    Total                                    78.660.870         245.166.799           64.478.492                                  Total



   Liabilitas kontrak merupakan uang muka yang                                Contract liabilities represents advances received
   diterima dari pelanggan sehubungan dengan                                  from customers in relation to sales of crude palm
   penjualan minyak kelapa sawit dan turunannya, inti                         oil and its derivatives, palm kernel and its
   sawit dan turunannya, dan refined bleached and                             derivatives, palm shells, and refined bleached and
   deodorized palm oil (RBDPO)                                                deodorized palm oil (RBDPO).




                                                                  85
Page 409
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                             STATEMENTS
             Tanggal 31 Desember 2025                                                  As of December 31, 2025
            dan untuk tahun yang berakhir                                               and for year then ended
                pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN                                                           20. TAXATION

   a.    Pajak dibayar dimuka                                                  a.   Prepaid taxes
                                                               Disajikan Kembali - Catatan 4/
                                                                    As restated - Note 4
                                                                                  1 Januari 2024/
                                                                                 January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                      December 31, 2025   December 31, 2024     December 31, 2023
         Perusahaan                                                                                                       The Company
         Pajak Pertambahan Nilai                      -            4.022.633           15.511.058                      Value Added Tax
         Entitas anak                                                                                                      Subsidiaries
         Pajak Pertambahan Nilai            401.796.764         297.028.372           157.880.765                      Value Added Tax
         Total                              401.796.764         301.051.005           173.391.823                                  Total



   b.    Taksiran tagihan restitusi pajak - jangka                             b.   Estimated claims for tax refund - current
         pendek
                                                                                  1 Januari 2024/
                                                                                 January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                      December 31, 2025   December 31, 2024     December 31, 2023
          Perusahaan                                                                                                      The Company
          Lebih bayar pajak
            Pajak Pertambahan Nilai                                                                         Refundable Value Added Tax
            - Tahun 2019                              -                    -              692.538                       Year 2019 -


   c.    Taksiran tagihan restitusi pajak - jangka                             c.   Estimated claims for tax refund - non-
         panjang                                                                    current
                                                                                  1 Januari 2024/
                                                                                 January 1, 2024
                                      31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                      December 31, 2025   December 31, 2024     December 31, 2023
          Perusahaan                                                                                                      The Company
          Lebih bayar pajak
            Pajak penghasilan                                                                                      Refundable corporate
                badan                                                                                               income tax (CIT)
            - Tahun 2025                     28.044.601                   -                     -                        Year 2025 -
            - Tahun 2023                              -          60.709.163            59.239.317                        Year 2023 -
            - Tahun 2022                              -          10.840.517            42.991.781                        Year 2022 -
                                             28.044.601          71.549.680           102.231.098
          Entitas anak                                                                                                      Subsidiaries
          Lebih bayar pajak
            Pajak penghasilan badan                                                                      Refundable corporate income tax
            - Tahun 2024                     53.921.580          58.079.758                     -                         Year 2024 -
            - Tahun 2023                     56.278.320          80.396.838            61.412.486                         Year 2023 -
            - Tahun 2021                    216.070.680                   -                     -                         Year 2021 -
            - Tahun 2020                     62.765.345          79.030.462                     -                         Year 2020 -
            - Tahun 2016                      7.636.922           7.636.922             7.636.922                         Year 2016 -
          Lebih bayar pajak
            Pajak pertambahan nilai                                                                          Refundable value added tax
            - Tahun 2025                     37.141.721                   -                     -                        Year 2025 -
            - Tahun 2023                      8.530.972                   -                     -                        Year 2023 -
            - Tahun 2020                      2.202.700           2.202.701                     -                        Year 2020 -
                                            444.548.240         227.346.681            69.049.408
          Total                             472.592.841         298.896.361           171.280.506                                  Total




                                                                  86
Page 410
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                            STATEMENTS
             Tanggal 31 Desember 2025                                                 As of December 31, 2025
            dan untuk tahun yang berakhir                                              and for year then ended
                pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                                20. TAXATION (continued)

   c.    Taksiran tagihan restitusi pajak - jangka                            c.   Estimated claims for tax refund - non-
         panjang (lanjutan)                                                        current (continued)

         Pada tahun 2025, Perusahaan dan beberapa                                  In 2025, the Company and certain subsidiaries
         entitas anak telah menerima beberapa surat                                have received tax assessments for various tax
         ketetapan pajak untuk berbagai tahun pajak.                               years. Certain subsidiaries have accepted a
         Beberapa entitas anak menyetujui sebagian                                 portion of these assessments and booked as
         ketetapan    pajak    tersebut    dan   telah                             expense for corporate income tax of
         membukukan sebagai beban untuk pajak                                      Rp53,895,802        (Note      20e)      (2024:
         penghasilan badan sebesar Rp53.895.802                                    Rp31,017,900) in consolidated statement of
         (Catatan 20e) (2024: Rp31.017.900) dalam                                  profit or loss. For the remaining amounts,
         laporan laba rugi konsolidasi dan penghasilan                             certain subsidiaries have filed objections and
         komprehensif lain. Atas jumlah sisanya,                                   appeals.
         beberapa entitas anak telah mengajukan
         keberatan dan banding.

   d.     Utang pajak                                                         d.   Taxes payable

                                                               Disajikan Kembali - Catatan 4/
                                                                    As restated - Note 4
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                     31 Desember 2025/    31 Desember 2024/    31 Desember 2023/
                                     December 31, 2025    December 31, 2024    December 31, 2023
        Perusahaan                                                                                                         The Company
          Pajak penghasilan - Pasal 4(2)        379.775              82.279                97.459              Income tax - Article 4(2)
          Pajak penghasilan - Pasal 15                -              33.572                87.190                Income tax - Article 15
          Pajak penghasilan - Pasal 21        1.801.191           1.148.571             2.382.091                Income tax - Article 21
          Pajak penghasilan - Pasal 22           27.117              77.304                70.210                Income tax - Article 22
          Pajak penghasilan - Pasal 23/26     6.194.145           2.828.086             2.608.617            Income tax - Article 23/26
          Pajak penghasilan - Pasal 29                -          47.990.379                     -                Income tax - Article 29
          Pajak pertambahan nilai             4.316.829                   -                     -                    Value added taxes
                                             12.719.057          52.160.191             5.245.567
        Entitas anak                                                                                                        Subsidiaries
          Pajak penghasilan - Pasal 4(2)      1.313.772           1.060.131               409.929              Income tax - Article 4(2)
          Pajak penghasilan - Pasal 15          317.463             102.783               155.529                Income tax - Article 15
          Pajak penghasilan - Pasal 21        5.285.426           1.495.758             1.593.274                Income tax - Article 21
          Pajak penghasilan - Pasal 22        1.149.003             869.472               915.408                Income tax - Article 22
          Pajak penghasilan - Pasal 23/26     4.360.743           6.837.801             1.204.409            Income tax - Article 23/26
          Pajak penghasilan - Pasal 24                -           3.571.581             5.078.539                Income tax - Article 24
          Pajak penghasilan - Pasal 29      224.756.819          60.005.965             9.340.971                Income tax - Article 29
          Pajak pertambahan nilai            22.325.346                   -                 1.597                    Value added taxes
                                            259.508.572          73.943.491            18.699.656
        Total                               272.227.629         126.103.682            23.945.223                                 Total




                                                                  87
Page 411
                                                           The original consolidated financial statements included herein
                                                                                         are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                               STATEMENTS
          Tanggal 31 Desember 2025                                    As of December 31, 2025
         dan untuk tahun yang berakhir                                 and for year then ended
             pada tanggal tersebut                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                               unless otherwise stated)
            kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                 20. TAXATION (continued)

   e. Komponen pajak penghasilan badan                        e.   Components of corporate income tax

                                          Untuk tahun yang berakhir
                                         pada Tanggal 31 Desember/
                                      For the years ended December 31,

                                          2025                2024

      Perusahaan                                                                                       The Company
      Beban pajak kini:                                                                           Current tax expense:
      - Tahun berjalan                     9.663.573           53.976.724                              Current year -
      - Penyesuaian atas PPh badan
          tahun sebelumnya                                                                   Adjustment on previous -
          (Catatan 20h)                    37.326.851           7.230.247                    years CIT (Note 20h)
      Manfaat pajak tangguhan             (14.916.880)        (69.849.814)                         Deferred tax benefit


      Total                               32.073.544            (8.642.843)                                       Total

      Entitas anak                                                                                       Subsidiaries
      Beban pajak kini:                                                                           Current tax expense:
      - Tahun berjalan                   502.780.085          308.154.545                              Current year -
      - Penyesuaian atas PPh badan                                                           Adjustment on previous -
           tahun sebelumnya               16.568.951           23.787.653                               years CIT
      (Manfaat)/beban pajak
        tangguhan                         (16.896.721)         58.112.562                Deferred tax (benefit)/expense

      Total                              502.452.315          390.054.760                                         Total

      Konsolidasian                                                                                     Consolidated
      Beban pajak kini                                                                             Current tax expense
      - Tahun berjalan                   512.443.658          362.131.269                               Current year -
      - Penyesuaian atas PPh badan
          tahun sebelumnya                                                                   Adjustment on previous -
          (catatan 20c)                    53.895.802          31.017.900                    years CIT (Note 20c)
      Manfaat pajak tangguhan             (31.813.601)        (11.737.252)                         Deferred tax benefit

      Total                              534.525.859          381.411.917                                         Total

      Dibebankan ke penghasilan                                                     Charged to other comprehensive
        komprehensif lain                                                                                 income
      Pajak tangguhan:                                                                                 Deferred tax:
        Kerugian/(keuntungan) atas                                                   Re-measurement loss/(gain) of
           pengukuran kembali                                                                 employee benefits
           liabilitas imbalan kerja        4.159.507          (32.237.859)                              liability




                                                     88
Page 412
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                  STATEMENTS
            Tanggal 31 Desember 2025                                       As of December 31, 2025
           dan untuk tahun yang berakhir                                    and for year then ended
               pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
              kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                      20. TAXATION (continued)

  f.   Rekonsiliasi pajak penghasilan badan                        f.     Reconciliation of corporate income tax

       Rekonsiliasi antara laba sebelum pajak                             The reconciliation between consolidated profit
       penghasilan badan konsolidasian seperti yang                       before corporate income tax as shown in the
       tercantum dalam laporan laba rugi dan                              consolidated statements of profit or loss and
       penghasilan komprehensif lain konsolidasian dan                    other comprehensive income and the estimated
       taksiran laba kena pajak dan beban pajak kini                      taxable income and current tax expense are as
       adalah sebagai berikut:                                            follows:
                                               Untuk tahun yang berakhir
                                              pada Tanggal 31 Desember/
                                           For the years ended December 31,
                                               2025              2024

       Laba konsolidasian sebelum                                                                       Consolidated profit
         beban pajak penghasilan                                                             before corporate income tax
         konsolidasian                       1.927.160.844       1.213.181.797                                   expense
       Laba entitas anak sebelum                                                                        Subsidiaries’ profit
         beban pajak                                                                                    before corporate
           penghasilan badan                (1.868.525.200)     (1.302.362.950)                   income tax expense
       Laba/(rugi) sebelum                                                                               Profit/(loss) before
         pajak penghasilan badan                                                                    corporate income tax
           - Perusahaan                        58.635.644          (89.181.153)                        - the Company
       Beda tetap                                                                                    Permanent differences
       Pendapatan setelah                                                                                           Income
         pengenaan pajak final                 (12.386.431)           (823.988)                           net of final tax
       Pendapatan deviden                     (217.999.142)       (129.322.842)                          Dividend income
       Biaya yang tidak dapat
          dikurangkan                         149.123.005          139.990.140                     Non-deductible expenses
       Jumlah beda tetap                       (81.262.568)             9.843.310               Total permanent differences
       Beda temporer                                                                                  Temporary differences
       Nilai wajar aset biologis               39.878.333          (61.929.267)              Fair value of biological assets
       Sewa                                      (986.497)           8.541.457                                        Leasing
       Liabilitas imbalan kerja karyawan                                                       Long-term employee benefit
          jangka panjang                        17.860.572          12.979.156                                    liabilities
       Penyusutan aset tetap                   (16.287.123)        (18.243.320)                 Depreciation of fixed assets
       Amortisasi tanaman menghasilkan           1.435.160           1.435.160            Amortization of mature plantations
       Bagian dari laba entitas anak            17.453.396         359.956.091                     Share of subsidiary profit
       Provisi biaya bonus                       8.000.000          13.614.770               Provision for bonus expenses
       Penyisihan atas penurunan                                                                  Allowance for impairment
          piutang plasma                          (801.583)             5.059.544                   of plasma receivables
       Nilai wajar utang lain-lain                                                              Fair value of other payables
          pihak ketiga                                   -              3.272.995                          to a third party
       Jumlah beda temporer                    66.552.258          324.686.586                   Total temporary differences
       Penghasilan kena pajak
         - Perusahaan                          43.925.334          245.348.743               Taxable income - the Company
       Pajak penghasilan                                                                  Corporate income tax expense on
         atas penghasilan berdasarkan                                                   income subject to tax at standard
            tarif pajak standar - 22%            9.663.573          53.976.724                    statutory rate - 22%
       Dikurangi:                                                                                                      Less:
         Pajak penghasilan Pasal - 22             (219.617)            (281.193)                   Income tax - Article 22
         Pajak penghasilan Pasal - 23           (2.406.909)          (1.295.614)                   Income tax - Article 23
         Pajak penghasilan Pasal - 25          (35.081.648)          (4.409.538)                   Income tax - Article 25

                                               (37.708.174)          (5.986.345)




                                                          89
Page 413
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                      STATEMENTS
          Tanggal 31 Desember 2025                                           As of December 31, 2025
         dan untuk tahun yang berakhir                                        and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                         20. TAXATION (continued)

   f. Rekonsiliasi     pajak       penghasilan      badan             f.   Reconciliation of corporate income tax
      (lanjutan)                                                           (continued)
      Rekonsiliasi antara laba sebelum pajak                               The reconciliation between consolidated profit
      penghasilan badan konsolidasian seperti yang                         before corporate income tax as shown in the
      tercantum dalam laporan laba rugi dan                                consolidated statements of profit or loss and
      penghasilan komprehensif lain konsolidasian dan                      other comprehensive income and the estimated
      taksiran laba kena pajak dan beban pajak kini                        taxable income and current tax expense are as
      adalah sebagai berikut: (lanjutan)                                   follows: (continued)
                                                Untuk tahun yang berakhir
                                               pada Tanggal 31 Desember/
                                            For the years ended December 31,
                                                   2025               2024
      Taksiran tagihan restitusi                                                        Estimated claims for corporate income
        pajak penghasilan badan                                                                                   tax refund
        - Perusahaan                               28.044.601                   -                            the Company -
        - Entitas anak                                      -          58.079.758                             Subsidiaries -
      Total                                        28.044.601          58.079.758                                         Total

      Pajak penghasilan - Pasal 29                                                                      Income tax - Article 29
        - Perusahaan                                        -          47.990.379                           the Company -
        - Entitas anak                            224.756.819          60.005.965                            Subsidiaries -
      Total                                       224.756.819        107.996.344                                          Total

      Rekonsiliasi antara beban pajak penghasilan                          The reconciliation between consolidated
      badan konsolidasian yang dihitung dengan                             corporate income tax expense as computed
      menggunakan tarif pajak yang berlaku dari laba                       with the applicable tax rates from consolidated
      sebelum pajak penghasilan badan konsolidasian                        profit before corporate income tax and
      dengan beban pajak penghasilan badan seperti                         corporate income tax expense as shown in the
      yang tercantum dalam laporan laba rugi dan                           consolidated statements of profit or loss and
      penghasilan komprehensif lain konsolidasian                          other comprehensive income is as follows:
      adalah sebagai berikut:
                                                Untuk tahun yang berakhir
                                               pada Tanggal 31 Desember/
                                            For the years ended December 31,
                                                   2025               2024
      Laba sebelum beban pajak                                                                                      Consolidated
        penghasilan konsolidasian                1.927.160.844      1.213.181.797                    profit before income tax
      Pada tarif pajak 22%                                                                                   At the tax rate 22%
        penghasilan badan                         423.975.386        266.899.995          profit before corporate income tax
      Penyesuaian atas PPh badan                                                                        Adjustment on previous
        tahun sebelumnya                           53.895.802          31.017.900                                    years CIT
      Penyesuaian pajak tangguhan                  16.808.906             985.966                   Adjustment on deferred tax
      Perbedaan tetap neto dengan                                                                     Non-deductible expenses
        menggunakan tarif pajak 22%                39.845.765          39.698.537                      at the tax rate of 22%
      Aset pajak tangguhan tidak diakui                     -          42.809.519           Unrecognized deferred tax assets
      Beban pajak penghasilan sesuai                                                                  Income tax expenses
        dengan laporan laba rugi dan                                                                    per consolidated
        penghasilan komprehensif                                                           statement of profit or loss and
        konsolidasian                             534.525.859        381.411.917            other comprehensive income




                                                             90
Page 414
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                      STATEMENTS
          Tanggal 31 Desember 2025                                                           As of December 31, 2025
         dan untuk tahun yang berakhir                                                        and for year then ended
             pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
            kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                                     20. TAXATION (continued)

   f. Rekonsiliasi          pajak        penghasilan          badan                  f.   Reconciliation of corporate income tax
      (lanjutan)                                                                          (continued)

      Jumlah estimasi penghasilan kena pajak untuk                                        The 2025 estimated taxable income reflected in
      tahun 2025 berdasarkan perhitungan di atas                                          the above calculation will be presented in the
      akan disajikan dalam Surat Pemberitahuan                                            Company’s 2025 annual corporate income tax
      Tahunan (SPT) Perusahaan 2025. Perusahaan                                           return. The Company has not yet submitted its
      belum melaporkan SPT Badan tahun 2025                                               2025 annual corporate income tax return to the
      kepada kantor pajak sampai dengan tanggal                                           Tax Office as of the date of completion of these
      penyelesaian laporan keuangan konsolidasian                                         consolidated financial statements.
      ini.

      Perhitungan pajak penghasilan badan tahun                                           The calculation of corporate income tax for 2024
      2024    sesuai  dengan   yang    dilaporkan                                         conformed with the amount reported by the
      Perusahaan dalam SPT kepada Kantor Pajak.                                           Company to the Tax Office in its tax return.

   g. Aset dan liabilitas pajak tangguhan                                            g.   Deferred tax assets and liabilities

                                                                                        1 Januari 2024/
                                                                                       January 1, 2024
                                         31 Desember 2025/     31 Desember 2024/      31 Desember 2023/
                                         December 31, 2025     December 31, 2024      December 31, 2023
      Aset pajak tangguhan                                                                                               Deferred tax assets
      Perusahaan                                                                                                              The Company
      Bagian dari laba entitas anak            124.551.378            115.263.017            36.072.677              Share of subsidiary profit
      Liabilitas imbalan
         kerja karyawan                                                                                                   Long-term employee
         jangka panjang                         22.818.121             16.445.020            16.019.431                     benefit liabilities
      Provisi atas bonus                        10.560.000              8.800.000             6.076.620                     Provision of bonus
      Aset hak guna                                411.419                628.449            (1.250.672)                    Right of use assets
      Aset tetap dan                                                                                                          Fixed assets and
         tanaman produktif                       7.210.281             10.026.273            13.715.691                        bearer plants
      Aset biologis                            (21.619.005)           (30.392.238)          (16.767.799)                      Biological assets
      Penyisihan penurunan                                                                                        Allowance for impairment of
         piutang plasma                          2.035.756              2.212.105             1.905.638                  plasma receivables
      Nilai wajar atas utang lain-lain                                                                            Fair value of other payables
         pihak ketiga                                    -                      -              (720.059)                      to a third party
                                               145.967.950            122.982.626            55.051.527
      Entitas anak                              58.606.020             64.842.236            87.734.569                           Subsidiaries
                                               204.573.970            187.824.862           142.786.096

      Liabilitas pajak tangguhan                                                                                       Deferred tax liabilities
      Entitas anak                              94.711.058             79.528.849            38.195.747                         Subsidiaries


      Berdasarkan peraturan pajak yang berlaku mulai                                      Based on taxation laws which became
      tahun 2008, Direktorat Jendral Pajak dapat                                          applicable starting in year 2008, the Directorate
      menetapkan dan mengubah kewajiban pajak                                             of General Taxes may assess and amend taxes
      dalam batas waktu lima tahun sejak tanggal                                          within five years from the date the tax becomes
      terutangnya pajak.                                                                  due.

      Manajemen Grup berpendapat bahwa aset pajak                                         The Group’s management is in the opinion that
      tangguhan diperkirakan dapat dipulihkan pada                                        the deferred tax assets are expected to be
      periode mendatang.                                                                  realized in the future.

      Pemanfaatan aset pajak tangguhan yang diakui                                        The utilization of deferred tax assets recognized
      oleh Grup bergantung pada laba kena pajak di                                        by the Group is dependent upon future taxable
      masa depan yang melebihi laba yang dihasilkan                                       profits in excess of profits resulting from the
      dari pembalikan perbedaan temporer kena pajak                                       reversal of existing taxable temporary
      yang ada.                                                                           differences.


                                                                       91
Page 415
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                STATEMENTS
             Tanggal 31 Desember 2025                                     As of December 31, 2025
            dan untuk tahun yang berakhir                                  and for year then ended
                pada tanggal tersebut                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                      20. TAXATION (continued)

   h.    Pemeriksaan pajak                                        h.   Tax assessments

         Perusahaan                                                    The Company

         Pajak penghasilan badan                                       Corporate income tax

         Tahun pajak 2024                                              Tax year 2024

         Pada tanggal 30 April 2025, Perusahaan                        On April 30, 2025, the Company reported the
         melaporkan Surat Pemberitahuan Pajak                          Corporate Income Tax Return for the 2024 tax
         Penghasilan Badan tahun 2024 sejumlah                         year amounting to Rp48,212,935, instead of
         Rp48.212.935,     berbeda     dari   jumlah                   Rp47,990,379 as reported in the Group’s 2024
         Rp47.990.379 yang telah dilaporkan dalam                      consolidated        financial       statements.
         laporan keuangan konsolidasian Grup tahun                     The Company recorded an amount of
         2024.    Perusahaan      mencatat   sebesar                   Rp222,556 (Note 20e) as an adjustment for the
         Rp222.556 (Catatan 20e) sebagai penyesuaian                   prior year’s corporate income tax, which is
         atas   pajak   penghasilan    badan   tahun                   included as part of the current tax expense in
         sebelumnya sebagai bagian dari beban pajak                    the consolidated statement of profit or loss and
         kini pada laporan laba rugi dan penghasilan                   other comprehensive income for the year
         komprehensif lainnya konsolidasian untuk                      ended December 31, 2025.
         tahun yang berakhir pada 31 Desember 2025.

         Tahun pajak 2023                                              Tax year 2023

         Pada tahun 2025, Perusahaan mencatat                          In 2025, the Company recorded an adjustment
         penyesuaian sebesar Rp99.429 (Catatan 20e)                    of Rp99,429 (Note 20e) related to the 2023
         atas pajak penghasilan badan tahun 2023                       corporate income tax as part of current tax
         sebagai bagian dari beban pajak kini dalam                    expense in the consolidated statement of profit
         laporan laba rugi dan penghasilan komprehensif                or loss and other comprehensive income for the
         lain konsolidasian untuk tahun yang berakhir                  year ended December 31, 2025. This
         pada 31 Desember 2025. Penyesuaian ini                        adjustment represents the difference between
         merupakan selisih antara jumlah yang                          the amount reported in the amended Corporate
         dilaporkan dalam Surat Pemberitahuan Pajak                    Income Tax Return for 2023, amounting to
         Penghasilan Badan Pembetulan tahun 2023                       Rp60,609,734, and the amount previously
         sebesar Rp60.609.734 dengan jumlah yang                       recorded in the Group’s 2023 consolidated
         telah dicatat dalam laporan keuangan                          financial     statements,    amounting       to
         konsolidasian Grup tahun 2023 sebesar                         Rp60,709,163.
         Rp60.709.163.


         Pada tanggal 11 Juni 2025, Perusahaan                         On June 11, 2025, The Company obtained an
         memperoleh Surat Ketetapan Pajak Lebih                        Overpayment     Tax      Assessment  Letter
         Bayar (“SKPLB”) dari Direktorat Jenderal Pajak                (“SKPLB”) from the Directorate General of
         (DJP) atas pajak penghasilan badan tahun 2023                 Taxes (“DGT”), reflecting an overpayment of
         sejumlah Rp53.459.370, berbeda dari jumlah                    2023 corporate income tax of Rp53,459,370
         Rp60.609.734 yang telah dilaporkan dalam                      instead of Rp60,609,734 as reported in the
         Surat Pemberitahuan Pajak Penghasilan                         corporate income tax return.
         Badan.




                                                          92
Page 416
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                  STATEMENTS
             Tanggal 31 Desember 2025                                       As of December 31, 2025
            dan untuk tahun yang berakhir                                    and for year then ended
                pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                       20. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                               h.   Tax assessments (continued)
         Perusahaan (lanjutan)                                           The Company (continued)

         Pajak penghasilan badan (lanjutan)                              Corporate income tax (continued)

         Tahun pajak 2023 (lanjutan)                                     Tax year 2023 (continued)

         Perusahaan menerima hasil ketetapan dan                         The Company accepted the tax assessment
         menerima     pengembalian dana sebesar                          letter and received the refunded amount of
         Rp53.459.370 pada tanggal 10 Juli 2025.                         Rp53,459,370 on July 10, 2025. The Company
         Perusahaan mencatat sebesar Rp7.150.364                         recorded the amount of Rp7,150,364 (Note
         (Catatan 20e) sebagai penyesuaian atas pajak                    20e) as an adjustment of corporate income tax
         penghasilan badan tahun sebelumnya sebagai                      previous year as part of current tax expense in
         bagian dari beban pajak kini pada laporan laba                  the consolidated statement of profit or loss and
         rugi dan penghasilan komprehensif lainnya                       other comprehensive income for the year
         konsolidasian untuk tahun yang berakhir pada                    ended December 31, 2025.
         31 Desember 2025.

         Tahun pajak 2022                                                Tax year 2022

         Pada tanggal 22 April 2024, Perusahaan                          On April 22, 2024, the Company obtained a
         memperoleh SKPLB dari DJP atas pajak                            SKPLB from the DGT reflecting an
         penghasilan badan tahun 2022 sejumlah                           overpayment of 2022 corporate income tax of
         Rp24.921.017 dari lebih bayar sejumlah                          Rp24,921,017 instead of Rp42,991,781           as
         Rp42.991.781 yang dilaporkan pada Surat                         reported in the Company’s corporate income
         Pemberitahuan Pajak Penghasilan Badan.                          tax return. The Company partially accepted the
         Perusahaan      menerima     sebagian     hasil                 assessment. On May 2, 2024, the Company
         pemeriksaan tersebut. Pada tanggal 2 Mei                        submitted an objection letter to the Tax Office in
         2024, Perusahaan mengajukan keberatan ke                        respect to overpayment of 2022 CIT of
         Kantor Pajak atas lebih bayar Pajak                             Rp10,840,517 and recorded the amount of
         Penghasilan       Badan     2022     sejumlah                   Rp7,230,247 (Note 20e) as an adjusment of
         Rp10.840.517       dan   mencatat    sejumlah                   corporate income tax previous year as part of
         Rp7.230.247       (Catatan    20e)    sebagai                   current tax expense in the 2024 consolidated
         penyesuaian pajak penghasilan badan tahun                       statement of profit or loss and other
         sebelumnya bagian dari beban pajak kini pada                    comprehensive income. On May 20, 2024,
         laporan laba rugi dan penghasilan komprehensif                  the Company received the refund of
         lainnya konsolidasian tahun 2024. Pada tanggal                  Rp24,921,017.
         20    Mei 2024, Perusahaan menerima
         pengembalian dana sebesar Rp24.921.017.

         Pada tanggal 18 Februari 2025, Perusahaan                       On February 18, 2025, the Company received
         menerima putusan keberatan dan mencatat                         an objection result and recorded the amount of
         sejumlah Rp10.840.517 (Catatan 20e) sebagai                     Rp10,840,517 (Note 20e) as an adjusment of
         penyesuaian pajak penghasilan badan tahun                       corporate income tax previous year as part of
         sebelumnya bagian dari beban pajak kini pada                    current tax expense in the consolidated
         laporan laba rugi dan penghasilan komprehensif                  statement of profit or loss and other
         lainnya konsolidasian untuk tahun yang berakhir                 comprehensive income for the year ended
         pada 31 Desember 2025.                                          December 31, 2025.




                                                           93
Page 417
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                STATEMENTS
             Tanggal 31 Desember 2025                                     As of December 31, 2025
            dan untuk tahun yang berakhir                                  and for year then ended
                pada tanggal tersebut                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                     20. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                             h.   Tax assessments (continued)
         Perusahaan (lanjutan)                                         The Company (continued)

         Pajak penghasilan badan (lanjutan)                            Corporate income tax (continued)

         Tahun pajak 2021                                              Tax year 2021

         Pada tanggal 27 November 2025, Perusahaan                     On November 27, 2025, the Company received
         memperoleh Surat Ketetapan Pajak Kurang                       a tax assessment letter for 2021 tax year
         Bayar (“SKPKB”) dari DJP atas pajak                           reflecting an underpayment of corporate
         penghasilan badan tahun 2021 sejumlah                         income tax of Rp61,161,688 and its related
         Rp61.161.688 dan denda pajak terkait sejumlah                 penalty    of Rp5,388,793,    instead    of
         Rp5.388.793, berbeda dari jumlah kurang bayar                 underpayment of Rp48,476,205 as reported in
         sejumlah Rp48.476.205 yang telah dilaporkan                   the Company’s annual corporate income tax
         dalam Surat Pemberitahuan Pajak Penghasilan                   return.
         Badan.

         Pada tanggal 24 Desember 2025, Perusahaan                     On December 24, 2025, the Company paid the
         telah membayar atas kurang bayar tersebut                     underpayment amounting to Rp12,685,483
         sejumlah Rp12.685.483 (Catatan 20e) dan                       (Note 20e) and recorded the amount as an
         mencatat     sebagai    penyesuaian     pajak                 adjustment to prior year corporate income tax
         penghasilan tahun sebelumnya sebagai bagian                   as a part of current tax expense and
         beban pajak kini serta sejumlah Rp5.388.793                   Rp5,388,793 as tax penalty expense in
         sebagai beban denda pajak pada laporan laba                   the consolidated statement of profit or loss and
         rugi dan penghasilan komprehensif lainnya                     other comprehensive income for the year
         konsolidasian untuk tahun yang berakhir pada                  ended December 31, 2025.
         31 Desember 2025.

         Tahun pajak 2020                                              Tax year 2020

         Pada tanggal 18 Desember 2024, Perusahaan                     On December 18, 2024, the Company received
         memperoleh Surat Ketetapan Pajak Kurang                       a tax assessment letter for 2020 tax year
         Bayar (“SKPKB”) dari DJP atas pajak                           reflecting an underpayment of corporate
         penghasilan badan tahun 2020 sejumlah                         income tax of Rp36,955,323 and its related
         Rp36.955.323 dan denda pajak terkait sejumlah                 penalty    of Rp2,673,159,    instead    of
         Rp2.673.159, berbeda dari jumlah kurang bayar                 underpayment of Rp30,626,821 as reported in
         sejumlah Rp30.626.821 yang telah dilaporkan                   the Company’s annual corporate income tax
         dalam Surat Pemberitahuan Pajak Penghasilan                   return.
         Badan.

         Pada tanggal 15 Januari 2025, Perusahaan                      On January 15, 2025, the Company paid the
         telah membayar atas kurang bayar tersebut                     underpayment amounting to Rp6,328,502
         sejumlah Rp6.328.502 (Catatan 20e) dan                        (Note 20e) and recorded the amount as an
         mencatat     sebagai    penyesuaian     pajak                 adjustment to prior year corporate income tax
         penghasilan tahun sebelumnya sebagai bagian                   as a part of current tax expense and
         beban pajak kini serta sejumlah Rp2.673.159                   Rp2,673,159 as tax penalty expense in
         sebagai beban denda pajak pada laporan laba                   the consolidated statement of profit or loss and
         rugi dan penghasilan komprehensif lainnya                     other comprehensive income for the year
         konsolidasian untuk tahun yang berakhir pada                  ended December 31, 2025.
         31 Desember 2025.




                                                         94
Page 418
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                             PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                            NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                               STATEMENTS
             Tanggal 31 Desember 2025                                    As of December 31, 2025
            dan untuk tahun yang berakhir                                 and for year then ended
                pada tanggal tersebut                               (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                               unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                     20. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                            h.   Tax assessment (continued)

         Perusahaan (lanjutan)                                        The Company (continued)

         Pajak penghasilan badan (lanjutan)                           Corporate income tax (continued)

         Tahun pajak 2019                                             Tax year 2019

          Pada tanggal 28 April 2021, Perusahaan                      On April 28, 2021, the Company obtained a
          memperoleh SKPLB dari DJP atas pajak                        SKPLB from the DGT reflecting an
          penghasilan badan tahun 2019 sejumlah                       overpayment of 2019 corporate income tax of
          Rp34.342.811 dari lebih bayar sejumlah                      Rp34,342,811 instead of Rp41,302,403    as
          Rp41.302.403 yang dilaporkan pada Surat                     reported in the Company’s corporate income
          Pemberitahuan Pajak Penghasilan Badan.                      tax return. On May 28, 2021, the Company
          Pada tanggal 28 Mei 2021, Perusahaan                        received the refund.
          menerima pengembalian dana tersebut.

          Pada tanggal 25 Mei 2021, Perusahaan                        On May 25, 2021 the Company submitted
          mengajukan keberatan ke Kantor Pajak atas                   objection letter to the Tax Office in respect to
          lebih bayar Pajak Penghasilan Badan 2019                    overpayment of 2019 CIT of Rp17,313,431 and
          sejumlah    Rp17.313.431    dan    mencatat                 recorded of Rp10,346,953 as an adjusment of
          sejumlah Rp10.346.953 sebagai penyesuaian                   corporate income tax previous year as a part of
          pajak penghasilan tahun sebelumnya bagian                   current tax expense in the 2021 consolidated
          dari beban pajak kini pada laporan laba rugi                statement of profit or loss and other
          dan    penghasilan    komprehensif   lainnya                comprehensive income.
          konsolidasian tahun 2021.

          Pada tanggal 15 Februari 2022, Kantor Pajak                 On February 15, 2022, the Tax Office issued
          mengeluarkan putusan menolak semua                          decision which rejected the Company’s
          keberatan Perusahaan. Pada tanggal 14 April                 objection. On April 14, 2022, the Company a
          2022, Perusahaan mengajukan banding ke                      submited appeal to the Tax Court. On July 31,
          Pengadilan Pajak. Pada tanggal 31 Juli 2023                 2023, the Tax Court issued decision that
          Pengadilan Pajak mengeluarkan putusan                       approved the Company’s appeal. On
          mengabulkan seluruh banding Perusahaan.                     October 5, 2023, the Company received the
          Pada tanggal 5 Oktober 2023, Perusahaan                     refund.
          menerima pengembalian dana.

          Pajak pertambahan nilai                                     Value added tax

          Tahun pajak 2019                                            Tax year 2019

          Pada tanggal 28 April 2021, Perusahaan                      On April 28, 2021, the Company received an
          menerima Surat Ketetapan Pajak Kurang                       Underpayment       Tax     Assessment   Letter
          Bayar (SKPKB) dan Surat Tagihan Pajak (STP)                 (SKPKB) and Tax Collection Letter (STP) of
          dari DJP atas PPN tahun 2019 sejumlah                       VAT for fiscal year 2019 totaling Rp5,120,498.
          Rp5.120.498. Perusahaan menerima sebagian                   The Company partially accepted the
          hasil pemeriksaan tersebut dan mencatat                     assessment and recorded the differences of
          sejumlah Rp2.299.251 pada laporan laba rugi                 Rp2,299,251 in the 2021 consolidated
          konsolidasian tahun 2021.                                   statement of profit or loss.




                                                         95
Page 419
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                            PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                        AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                           NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                              STATEMENTS
             Tanggal 31 Desember 2025                                   As of December 31, 2025
            dan untuk tahun yang berakhir                                and for year then ended
                pada tanggal tersebut                              (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                              unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                    20. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                           h.   Tax assessment (continued)

         Perusahaan (lanjutan)                                       The Company (continued)

         Pajak pertambahan nilai (lanjutan)                          Value added tax (continued)

         Pada tanggal 19 Juli 2021, Perusahaan                       On July 19, 2021, the Company submitted
         mengajukan keberatan ke DJP atas SKPKB                      objection letters to DGT related to the SKPKB
         dan STP PPN tahun 2019 sebesar                              and STP VAT for tax year 2019 totaling
         Rp2.821.247. Pada tanggal 15 Februari 2022,                 Rp2,821,247. On Februari 15, 2022 the
         Perusahaan menerima hasil keberatan untuk                   Company received the result of tax objection
         PPN yang menyatakan DJP menolak keberatan                   VAT.
         PPN Perusahaan.
         Pada tanggal 15 April 2022, Perusahaan                      On April 15, 2022, the Company submitted the
         mengajukan banding kepada Pengadilan                        tax appeal to the Tax Court. On July 31, 2023,
         Pajak. Pada tanggal 31 Juli 2023, Pengadilan                The Tax Court issued decision approved the
         Pajak mengeluarkan putusan mengabulkan                      Company’s appeal. On October 5, 2023, the
         seluruh banding atas SKPKB PPN Perusahaan.                  Company received the refund on SKPKB VAT
         Pada tanggal 5 Oktober 2023, Perusahaan                     amounted to Rp2,120,923 and charged
         menerima pengembalian dana atas banding                     Rp7,786 to the 2023’s consolidated statement
         sebesar Rp2.120.923 dan mencatat Rp7.786                    of profit or loss and other comprehensive
         pada laporan laba rugi dan pendapatan                       income.
         komprehensif lainnya konsolidasian tahun
         2023.
         Pada tanggal 14 Oktober 2024, Perusahaan                    On October 14, 2024, the Company received
         menerima Surat Pembatalan atas Surat                        cancellation letter for Tax Collection Letter
         Tagihan Pajak PPN. Pada tanggal 30                          (STP) of VAT. On November 30, 2024, the
         November 2024, Perusahaan menerima                          Company received the refund of Rp692,538.
         pengembalian dana sebesar Rp692.538.

         Entitas anak                                                Subsidiaries

         PT Citra Borneo Utama Tbk. (“CBUT”)                         PT Citra Borneo Utama Tbk. (“CBUT”)
         Pajak penghasilan badan                                     Corporate income tax
         Tahun pajak 2021                                            Tax year 2021
          Pada tanggal 22 Mei 2025, CBUT memperoleh                  On May 22, 2025, CBUT received a tax
          SKPKB dari DJP atas pajak penghasilan badan                assessment letter for 2021 tax year reflecting
          tahun 2021 sejumlah Rp169.457.221 dan                      an underpayment of corporate income tax of
          denda pajak terkait sejumlah Rp64.454.486,                 Rp169,457,221 and its related penalty of
          berbeda dari jumlah kurang bayar sejumlah                  Rp64,454,486, instead of underpayment of
          Rp17.728.204 yang telah dilaporkan dalam                   Rp17,728,204 as reported in CBUT’s annual
          Surat Pemberitahuan Pajak Penghasilan                      corporate income tax return.
          Badan CBUT.




                                                        96
Page 420
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                       STATEMENTS
             Tanggal 31 Desember 2025                                            As of December 31, 2025
            dan untuk tahun yang berakhir                                         and for year then ended
                pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
               kecuali dinyatakan lain)


20. PERPAJAKAN (lanjutan)                                          20. TAXATION (continued)

   h.    Pemeriksaan pajak (lanjutan)                                    h.   Tax assessment (continued)

         Entitas anak (lanjutan)                                              Subsidiaries (Continued)

         PT Citra Borneo Utama Tbk. (“CBUT”)                                  PT Citra Borneo Utama Tbk. (“CBUT”)
         (lanjutan)                                                           (Continued)
         Pajak penghasilan badan (lanjutan)                                   Corporate income tax (Continued)
         Tahun pajak 2021 (lanjutan)                                          Tax year 2021 (continued)
          CBUT menyetujui sebagian hasil pemeriksaan                          CBUT accepted the tax assessment results and
          tersebut dan mencatat sejumlah Rp79.186                             recorded the amount of Rp79,186 as an
          sebagai penyesuaian pajak penghasilan tahun                         adjustment to prior year corporate income tax
          sebelumnya sebagai bagian beban pajak kini                          as a part of current tax expense, and the
          serta sejumlah Rp33.638 sebagai beban denda                         amount of Rp33,638 as tax penalty expense in
          pajak dalam laporan laba rugi tahun berjalan.                       the current year statement of profit or loss. On
          Pada tanggal 22 Juli 2025, CBUT mengajukan                          July 22, 2025, CBUT submitted an objection
          surat keberatan kepada kantor pajak atas                            letter to the Tax Office in respect to
          kurang bayar pajak penghasilan badan tahun                          underpayment of CIT of Rp216,070,679. Up to
          2021 sebesar Rp216.070.679. Sampai dengan                           the date of completion of this memorandum,
          tanggal penyelesaian laporan keuangan ini,                          CBUT had not yet received the decision on its
          CBUT belum menerima hasil keputusan atas                            objection.
          permohonan keberatan tersebut.

   i.    Pajak penghasilan pilar 2                                       i.   Pillar 2 income taxes
          Aturan Pajak Minimum Global (Global Anti-                           The Global Anti-base Erosion Rule (“Pillar 2”
          base Erosion Rule atau model “Pilar 2”) telah                       model) were adopted in Indonesia were
          diadopsi di Indonesia melalui PMK 136/2024                          adopted in Indonesia through PMK 136/2024
          yang berlaku efektif mulai 1 Januari 2025                           effective starting January 1, 2025 (Note 2p).
          (Catatan 2p). Berdasarkan aturan tersebut,                          According to these rules, the Company is
          Perusahaan dikategorikan sebagai Entitas                            considered a Constituent Entity of PT Citra
          Konstituen dari PT Citra Borneo Indah, entitas                      Borneo Indah, the ultimate parent entity (“UPE”)
          induk terakhir (“UPE”) yang berdomisili di                          domiciled in Indonesia, which an inscope MNE
          Indonesia, yang merupakan PMN yang wajib                            to which the Pillar 2 rules shall be applied.
          menerapkan ketentuan Pilar 2.
          Berdasarkan penilaian yang dilakukan oleh                           Based on the assessment performed by UPE,
          UPE, Perusahaan tidak akan dikenakan pajak                          the Company will not be required to pay Pillar 2
          tambahan Pilar 2 untuk tahun yang berakhir                          top-up tax for the year ended December 31,
          tanggal 31 Desember 2025, karena yurisdiksi                         2025, as Indonesian jurisdiction passed the
          Indonesia telah memenuhi ketentuan Safe                             Transitional Safe Harbour under the PMK
          Harbour sesuai PMK 136/2024.                                        136/2024.

21. BEBAN AKRUAL                                                   21. ACCRUED EXPENSES
                                                         Disajikan Kembali - Catatan 4/
                                                              As restated - Note 4
                                                                            1 Januari 2024/
                                                                           January 1, 2024
                                31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                December 31, 2025   December 31, 2024     December 31, 2023
    Akrual biaya bunga                 19.336.495           13.142.195           13.278.655               Accrued interest expense
    Jasa profesional                    1.946.141            1.420.415            3.173.313                      Professional fees
    Operasional                           306.265              163.188           21.505.882                            Operational
    Perizinan                                   -          132.319.729                    -                                  Permit
    Jamsostek                                   -              710.202              829.623                             Jamsostek
    Lain-lain                          35.159.434           19.298.506           27.540.191                                 Others

    Total                              56.748.335          167.054.235           66.327.664                                  Total


                                                            97
Page 421
                                                                                   The original consolidated financial statements included herein
                                                                                                                 are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                        PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                          STATEMENTS
         Tanggal 31 Desember 2025                                                               As of December 31, 2025
        dan untuk tahun yang berakhir                                                            and for year then ended
            pada tanggal tersebut                                                          (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                          unless otherwise stated)
           kecuali dinyatakan lain)


22. UTANG BANK                                                                     22. BANK LOAN
   Utang bank jangka pendek                                                             Short-term bank loans
                                                                                           1 Januari 2024/
                                                                                          January 1, 2024
                                      31 Desember 2025/       31 Desember 2024/          31 Desember 2023/
                                      December 31, 2025       December 31, 2024          December 31, 2023
   PT Bank Rakyat Indonesia                                                                                                    PT Bank Rakyat Indonesia
      (Persero) Tbk. (BRI)                  1.225.166.792           1.944.959.324             1.267.733.918                        (Persero) Tbk. (BRI)
   Pinjaman Sindikasi                         250.000.000                       -                         -                             Syndication Loan
   Standard Chartered Bank                    220.066.762             250.141.557               298.880.978                     Standard Chartered Bank
   PT KB Bukopin Bank                           9.585.154                       -                         -                          PT KB Bukopin Bank
   PT Bank Negara Indonesia                                                                                                    PT Bank Negara Indonesia
      (Persero) Tbk. (BNI)                                -                         -           870.726.630                        (Persero) Tbk. (BNI)
                                            1.704.818.708           2.195.100.881             2.437.341.526
   Dikurangi: Biaya perolehan
      pinjaman yang belum
      diamortisasi                              (6.674.017)                         -                     -            Less: Unamortized financing costs
   Total                                    1.698.144.691           2.195.100.881             2.437.341.526                                           Total


   Rincian utang bank jangka pendek Grup adalah                                         The details of the short-term Group bank loan are as
   sebagai berikut:                                                                     follows:
                              Jenis pinjaman dan                                                          Tanggal jatuh
                                 jumlah batas                                                            tempo fasilitas/
           Kreditur/      pinjaman/Type of loan and            Saldo pinjaman/             Bunga/        Facility maturity
           Creditor          maximum credit limit              Outstanding loan            Interest             date                 Peruntukkan/ Purpose

    Standard              Perusahaan, KSA, TSA,          a)   31 Desember 2025/           8,50% -        Diperpanjang              Pembiayaan kembali atas
    Chartered Bank/       SMU, MMS, MKM, MPP/                 December 31, 2025:          9,35% per      otomatis selama           pembelian TBS/
    Standard              The Company, KSA, TSA,              Rp220.066.762               tahun/         dua belas bulan/          Refinancing of purchase of
    Chartered Bank        SMU, MMS, MKM, MPP                  (31 Desember 2024/          8.50% -        Automatically             FFB
                          Fasilitas pinjaman jangka           December 31, 2024:          9.35% per      extended for
                          pendek/ Short-term loan             Rp250.141.557;              annum          twelve months
                          facilities                           31 Desember 2023/
                          AS$20.000.000/                      December 31, 2023:
                          US$20,000,000                       Rp298.880.978)

    PT Bank KB            Perusahaan, KSA, TSA,          b)   31 Desember 2025/           8,50% per      Jatuh tempo 16            Pembiayaan kembali atas
    Indonesia Tbk./       SMU, MMS, MKM, MPP/                 December 31, 2025:          tahun/         April 2026/ Will          pembelian TBS/
    PT Bank KB            The Company, KSA, TSA,              Rp9.585.154                 8.50% per      mature in April 16,       Refinancing of purchase of
    Indonesia Tbk.        SMU, MMS, MKM, MPP                  (31 Desember 2024/          annum          2026                      FFB
                          Fasilitas kredit/ Credit            December 31, 2024:
                          facilities                          RpNihil;
                          Rp100.000.000/                      31 Desember 2023/
                          Rp100,000,000                       December 31, 2023:
                                                              RpNihil)

    Pinjaman              Perusahaan/ The                c)   31 Desember 2025/           8,75%per       Jatuh tempo               Pembiayaan modal kerja
    Sindikasi/            Company                             December 31, 2025:          tahun/         Desember 2026/            untuk pengembangan
    Syndication loan      Fasilitas pinjaman jangka           Rp250.000.000               8.75%per       Will mature in            usaha/ Finance working
                          pendek/ Short-term loan             (31 Desember 2024/          annum          December, 2026            capital for business
                          facilities                          December 31, 2024:                                                   expansion
                                                              RpNihil;
                                                              31 Desember 2023/
                                                              December 31, 2023:
                                                              RpNihil)

    PT Bank Rakyat        CBUT/ CBUT                     d)   31 Desember 2025/           6,5% per       Jatuh tempo               Pembiayaan modal kerja
    Indonesia             Fasilitas pinjaman kredit           December 31, 2025:          tahun/         Oktober 2026/ Will        dan operasional pabrik
    (Persero) Tbk./       modal kerja/ Working capital        AS$68.000.000 atau          6.5% per       mature in October         kilang minyak yang
    PT Bank Rakyat        credit facilities                   setara dengan/ or           annum          2026                      berlokasi di kawasan
    Indonesia             AS$72.500.000/                      equivalent to                                                        industry Perusahaan/
    (Persero) Tbk.        US$72,500,000                       Rp1.141.175.000                                                      Finance working capital
                                                              (31 Desember 2024/                                                   and refinery factory
                          Fasilitas pinjaman kredit           December 31, 2024:                                                   operations located in the
                          modal kerja/ Working capital        AS$67.800.000 atau                                                   CBUT’s industrial area
                          credit facilities                   setara dengan/ or
                          AS$42.500.000/                      equivalent to
                          US$42,500,000                       Rp1.095.784.000;
                                                              31 Desember 2023/
                                                              December 31, 2023:
                                                              AS$71.075.369 atau
                                                              setara dengan/ or
                                                              equivalent to
                                                              Rp1.095.698.000)




                                                                        98
Page 422
                                                                                             The original consolidated financial statements included herein
                                                                                                                           are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                               PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                                 STATEMENTS
           Tanggal 31 Desember 2025                                                                      As of December 31, 2025
          dan untuk tahun yang berakhir                                                                   and for year then ended
              pada tanggal tersebut                                                                 (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                                 unless otherwise stated)
             kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                                   22. BANK LOAN (continued)

   Utang bank jangka pendek (lanjutan)                                                            Short-term bank loans (continued)

   Rincian utang bank jangka pendek Grup adalah                                                   The details of the short-term Group bank loan are as
   sebagai berikut:                                                                               follows:
                                    Jenis pinjaman dan                                                                   Tanggal jatuh
                                       jumlah batas                                                                     tempo fasilitas/
          Kreditur/             pinjaman/Type of loan and               Saldo pinjaman/               Bunga/            Facility maturity
          Creditor                 maximum credit limit                 Outstanding loan              Interest                 date                  Peruntukkan/ Purpose

      PT Bank Rakyat            CBUT/ CBUT                      e)     31 Desember 2025/             6,25% per         Jatuh tempo                 Pembiayaan pembelian
      Indonesia                 Fasilitas pinjaman kredit              December 31, 2025:            tahun/            Oktober 2026/ Will          minyak sawit mentah/
      (Persero) Tbk./           modal kerja W/A/ Working               AS$5.004.814 atau             6.25% per         mature in October           Finance purchase of crude
      PT Bank Rakyat            Capital W/A credit facilities          setara dengan/ or             annum             2026                        palm oil
      Indonesia                 AS$20.000.000/                         equivalent to
      (Persero) Tbk.            AS$20,000,000                          Rp83.991.792
                                                                       (31 Desember 2024/
                                                                       December 31, 2024:
                                                                       AS$14.825.808 atau
                                                                       setara dengan/ or
                                                                       equivalent to
                                                                       Rp239.614.294;
                                                                        31 Desember 2023/
                                                                       December 31, 2023:
                                                                       AS$11.159.576 atau
                                                                       setara dengan/ or
                                                                       equivalent to
                                                                       Rp172.036.024)

                                CBUT/ CBUT                      f)     31 Desember 2025/             6,25% per         Jatuh tempo                 Fasilitas pembiayaan
                                Fasilitas pinjaman kredit              December 31, 2025:            tahun/            Oktober 2026/ Will          untuk transaksi forex/
                                forex line/ Forex line credit          RpNihil (31                   6.25% per         mature in October           Facilities for foreign
                                facility                               Desember 2024/                annum             2026                        exchange transactions.
                                AS$20.000.000/                         December 31, 2024:
                                AS$20,000,000                          RpNihil)

                                CBUT/ CBUT                      g)     31 Desember 2025/             0,5% per          Jatuh tempo                 Fasilitas agunan tunai
                                Fasilitas pinjaman kredit              December 31, 2025:            tahun/            Januari 2027/               devisa hasil ekspor/ Cash
                                agunan tunai devisa hasil              RpNihil (31                   0.5% per          Matured in                  collateral credit for export
                                ekspor Rp1.000.000.000/                Desember 2024/                annum             January 2027
                                Rp1,000,000,000                        December 31, 2024:
                                                                       AS$37.715.693 atau
                                                                       setara dengan/ or
                                                                       equivalent to
                                                                       Rp609.561.030;
                                                                       31 Desember
                                                                       2023/December 31,
                                                                       2023: RpNihil)

   a) Berdasarkan perjanjian kredit pada tanggal 18 Agustus 2023, Perusahaan, KSA, TSA, SMU, MMS, MKM dan MPP mendapatkan fasilitas pinjaman bank jangka pendek dari
      Standard Chartered Bank/ On August 18, 2023, the Company, KSA, TSA, SMU, MMS, MKM, and MPP obtained short-term loan facilities from Standard Chartered Bank.
   b) Berdasarkan perjanjian kredit pada tanggal 16 Mei 2025, Perusahaan, KSA, TSA, SMU, MMS, MKM, dan MPP memperoleh fasilitas kredit dari PT Bank KB Indonesia Tbk/
      Based on credit agreement dated May 16, 2025, the Company, KSA, TSA, SMU, MMS, MKM, and MPP obtained credit facilities from PT Bank KB Indonesia Tbk.
   c) Berdasarkan Akta Perjanjian Kredit Sindikasi No.17 tanggal 18 November 2025, dibuat dihadapan Winter Sigiro SH., MH dan Akta Perjanjian Line Facility Pembiayaan Sindikasi
      Musyarakah No.18 tanggal 18 November 2025, dibuat dihadapan Winter Sigiro SH., MH, Perusahaan memperoleh Senior Secured Facility (Fasilitas Kredit Konvensional
      “Fasilitas Kredit“ & Fasilitas pembiayaan syariah “Fasilitas Pembiayaan“/ Based on Syndicated Credit Agreement Deed No. 17 dated November 18, 2025, made before Winter
      Sigiro, S.H., M.H., and the Syndicated Musyarakah Financing Line Facility Agreement Deed No. 18 dated November 18, 2025, made before Winter Sigiro, S.H., M.H., the
      Company obtained a Senior Secured Facility (a conventional credit facility, the “Credit Facility,” and a Sharia-compliant financing facility, the “Financing Facility”).
   d) Berdasarkan Akta Perjanjian Kredit No. 17 tanggal 18 Oktober 2023, dibuat dihadapan Winter Sigiro SH., MH yang kemudian diubah dengan Akta Perjanjian Kredit No. 16
      tanggal 25 Oktober 2024, dibuat dihadapan Winter Sigiro SH., MH, CBUT memperoleh fasilitas Pinjaman Kredit Modal Kerja dari PT Bank Rakyat Indonesia (Persero) Tbk/
      Based on Credit Agreement Deed No. 17 dated October 18, 2023, made before Winter Sigiro, S.H., M.H., which was subsequently amended by Credit Agreement Deed
      No. 16 dated October 25, 2024, made before Winter Sigiro, S.H., M.H., CBUT obtained a Working Capital credit facilities from PT Bank Rakyat Indonesia (Persero) Tbk.
   e) Berdasarkan Akta Perjanjian Kredit No. 18 tanggal 18 Oktober 2023, dibuat dihadapan Winter Sigiro SH., MH yang kemudian diubah dengan Akta Perjanjian Kredit No. 17
      tanggal 25 Oktober 2024, dibuat dihadapan Winter Sigiro SH., MH, CBUT memperoleh fasilitas pinjaman kredit Modal Kerja W/A dari PT Bank Rakyat Indonesia (Persero)
      Tbk/ Based on Credit Agreement Deed No. 18 dated October 18, 2023, made before Winter Sigiro, S.H., M.H., which was subsequently amended by Credit Agreement Deed
      No. 17 dated October 25, 2024, made before Winter Sigiro, S.H., M.H., CBUT obtained a Working Capital W/A credit facility from PT Bank Rakyat Indonesia (Persero) Tbk.
   f) Berdasarkan Akta Perjanjian Kredit tanggal No. 18 tanggal 18 Oktober 2023, dibuat dihadapan Winter Sigiro SH., MH., yang kemudian diubah dengan Akta Perjanjian Kredit
      No. 18 tanggal 25 Oktober 2024, dibuat dihadapan Winter Sigiro SH., MH, CBUT memperoleh fasilitas pinjaman kredit Forex Line dari PT Bank Rakyat Indonesia (Persero)
      Tbk/ Based on Credit Agreement Deed No. 18 dated October 18, 2023, made before Winter Sigiro, S.H., M.H., which was subsequently amended by Credit Agreement Deed
      No. 18 dated October 25, 2024, made before Winter Sigiro, S.H., M.H., CBUT obtained a Forex Line credit facility from PT Bank Rakyat Indonesia (Persero) Tbk.
   g) Berdasarkan Perjanjian KMK Cash Collateral Devisa Hasil Ekspor tanggal 29 Januari 2024, CBUT memperoleh fasilitas pinjaman kredit Agunan Tunai Devisa Hasil Ekspor
      dari PT Bank Rakyat Indonesia (Persero) Tbk/ Based on an Agreement KMK Cash Collateral Credit for Export Proceeds dated January 29, 2024, CBUT obtained a Cash
      Collateral Credit for Export Proceeds loan facility from PT Bank Rakyat Indonesia (Persero) Tbk.

   Jaminan-jaminan utang bank jangka pendek:                                                    Securities of short-term bank loans:

   Fasilitas utang bank                     jangka         pendek       tidak                   Short-term bank loan facilities do not obtain collateral.
   memperoleh jaminan.


                                                                                   99
Page 423
                                                                                            The original consolidated financial statements included herein
                                                                                                                          are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                                PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                                  STATEMENTS
          Tanggal 31 Desember 2025                                                                       As of December 31, 2025
         dan untuk tahun yang berakhir                                                                    and for year then ended
             pada tanggal tersebut                                                                  (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                                  unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                               22. BANK LOAN (continued)

   Utang bank jangka panjang                                                                     Long-term bank loans

                                                                           Disajikan Kembali - Catatan 4/
                                                                                As restated - Note 4
                                                                                                    1 Januari 2024/
                                                                                                   January 1, 2024
                                         31 Desember 2025/          31 Desember 2024/             31 Desember 2023/
                                         December 31, 2025          December 31, 2024             December 31, 2023
    Pinjaman Sindikasi                         4.886.715.000               2.972.309.760              3.365.258.698                            Syndication Loan
    PT Bank Negara Indonesia                                                                                                         PT Bank Negara Indonesia
       (Persero) Tbk. (BNI)                      900.727.610               1.155.765.604              1.539.896.016                      (Persero) Tbk. (BNI)
    PT Bank Rakyat Indonesia                                                                                                          PT Bank Rakyat Indonesia
       (Persero) Tbk. (BRI)                      691.056.812                 787.056.812                873.056.812                      (Persero) Tbk. (BRI)
    PT Bank Perkreditan Rakyat                                                                                                     PT Bank Perkreditan Rakyat
       Lingga Sejahtera                              20.895.833                              -               257.858                        Lingga Sejahtera
                                               6.499.395.255               4.915.132.176              5.778.469.384
    Dikurangi: Biaya perolehan
       pinjaman yang belum
       diamortisasi                               (58.815.323 )              (29.092.771)                 (3.413.916)          Less: Unamortized financing costs
                                               6.440.579.932               4.886.039.405              5.775.055.468
    Utang bank jatuh tempo
       dalam satu tahun                         (991.075.964)             (1.009.228.617)              (913.814.430)                   Current maturity of bank loan

    Utang bank jangka panjang
       setelah dikurangi bagian                                                                                                           Long-term bank loan - net
       jatuh tempo dalam satu tahun            5.449.503.968               3.876.810.788              4.861.241.038                              current maturity



   Rincian utang bank jangka panjang Grup adalah                                                 The details of the long-term Group bank loans are
   sebagai berikut:                                                                              as follows:
                                                                                                                          Tanggal
                                                                                                                        jatuh tempo
                               Jenis pinjaman dan                                                                         fasilitas/
                                   jumlah batas                                                                            Facility
        Kreditur/             pinjaman/Type of loan                  Saldo pinjaman/                   Bunga/             maturity
        Creditor             and maximum credit limit                Outstanding loan                  Interest             date                Peruntukkan/ Purpose

     Sindikasi/              Perusahaan/ The               a)     31 Desember 2025,                  8,75% per          Jatuh tempo          Pembiayaan kembali atas
     Syndication             Company                              saldo pinjaman sebesar             tahun/ 8.75%       31 Desember          pelunasan kewajiban
                             Fasilitas Senior Secured             Rp4.886.715.000 akan               per annum          2033/ Will           pokok atas fasilitas
                             Term Loan atau Line                  dilunasi dalam 33                                     mature in            pembiayaan sebelumnya
                             Facility Musyarakah/                 angsuran tiga bulanan/                                December             dan untuk tujuan umum
                             Senior Secured Term Loan             As of December 31,                                    31, 2033             perusahaan/ Refinance for
                             or Musyarakah Line Facility          2025, outstanding loan                                                     the repayment of principal
                             Rp5.136.715.000/                     amounting to                                                               previous financing facilities
                             Rp5,136,715,000                      Rp4,886,715,000 will be                                                    and for general corporate
                                                                  repaid in 33 quarterly                                                     purposes
                                                                  installments.

                             Perusahaan/ The               b)     31 Desember 2025,                  9% per             Jatuh tempo          Pembiayaan kembali atas
                             Company                              saldo pinjaman sebesar             tahun/ 9%          31 Desember          Obligasi Senior yang
                             Fasilitas Senior Secured             RpNihil/ As of December            per annum          2030/ Will           diterbitkan oleh SSMS
                             Term Loan atau Line                  31, 2025, outstanding                                 mature in            Plantation Holdings Pte.
                             Facility Musyarakah/                 loan amounting to RpNil.                              December             Ltd. (“SPH”), entitas anak/
                             Senior Secured Term Loan                                                                   31, 2030             Refinance of the Senior
                             or Musyarakah Line Facility                                                                                     Notes issued by SSMS
                             Rp4.300.000.000/                                                                                                Plantation Holdings Pte.
                             Rp4,300,000,000                                                                                                 Ltd. (“SPH”), a subsidiary

     PT Bank Negara          TSA/ TSA                      c)     Per 31 Desember 2025,              8,75% per          Jatuh tempo          Pembiayaan kembali
     Indonesia               Fasilitas pembiayaan/                saldo pinjaman sebesar             tahun/ 8.75%       25 Desember          kebun kelapa sawit/
     (Persero) Tbk./         Financing facilities                 RpNihil / As of December           per annum          2025/ Will           Refinancing of oil palm
     PT Bank Negara          Rp465.000.000/                       31, 2025, outstanding                                 mature in            plantations
     Indonesia               Rp465,000,000                        loan amounting to RpNill.                             December
     (Persero) Tbk.                                                                                                     25, 2025

                             TSA/ TSA                      c)     Per 31 Desember 2025,              6,25% per          Jatuh tempo          Pembiayaan kembali
                             Fasilitas pembiayaan/                saldo pinjaman sebesar             tahun/ 6.25%       25 Desember          pabrik kelapa sawit/
                             Financing facilities                 AS$Nihil atau setara               per annum          2025/ Will           Refinancing of palm oil mill
                             AS$23.308.270 atau setara            dengan RpNill / As of                                 mature in
                             dengan Rp310.000.000/                December 31, 2025,                                    December
                             US$23,308,270 or                     outstanding loan                                      25, 2025
                             equivalent to                        amounting to US$Nill or
                             Rp310,000,000                        equivalent to RpNill.

                                                                              100
Page 424
                                                                                   The original consolidated financial statements included herein
                                                                                                                 are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                     PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                       STATEMENTS
          Tanggal 31 Desember 2025                                                            As of December 31, 2025
         dan untuk tahun yang berakhir                                                         and for year then ended
             pada tanggal tersebut                                                       (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                       unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                     22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                               Long-term bank loans (continued)

   Rincian utang bank jangka panjang Grup adalah                                      The details of the long-term Group bank loans are
   sebagai berikut:                                                                   as follows:
                                                                                                             Tanggal
                                                                                                           jatuh tempo
                         Jenis pinjaman dan                                                                  fasilitas/
                             jumlah batas                                                                     Facility
        Kreditur/       pinjaman/Type of loan              Saldo pinjaman/                  Bunga/           maturity
        Creditor       and maximum credit limit            Outstanding loan                 Interest           date           Peruntukkan/ Purpose

     PT Bank Negara    TSA/ TSA                    c)   Per 31 Desember 2025,             8,75% per        Jatuh tempo      Pembiayaan kembali
     Indonesia         Fasilitas pembiayaan/            saldo pinjaman sebesar            tahun/ 8.75%     25 Agustus       kebun kelapa sawit/
     (Persero)         Financing facilities             Rp47.142.857 akan                 per annum        2028/ Will       Refinancing of oil palm
     Tbk.(lanjutan)/   Rp60.000.000/                    dilunasi dalam 11                                  mature in        plantations
     PT Bank Negara    Rp60,000,000                     angsuran tiga bulanan/                             August 25,
     Indonesia                                          As of December 31,                                 2028
     (Persero) Tbk.                                     2025, outstanding loan
     (continued)                                        amounting to
                                                        Rp47,142,857 will be
                                                        repaid in 11 quarterly
                                                        installments.

                       MMS/ MMS                    d)   Per 31 Desember 2025,             8,75% per        Jatuh tempo      Pembiayaan kembali
                       Fasilitas pembiayaan/            saldo pinjaman sebesar            tahun/ 8.75%     25 Oktober       kebun kelapa sawit dan
                       Financing facilities             Rp96.900.000 akan                 per annum        2026/ Will       pabrik kelapa sawit di desa
                       Rp570.000.000/                   dilunasi dalam 4                                   mature in        Runtu dan Umpang,
                       Rp570,000,000                    angsuran tiga bulanan/                             October 25,      Kalimantan Tengah/
                                                        As of December 31,                                 2026             Refinancing of plantations
                                                        2025, outstanding loan                                              and palm oil mill in Runtu
                                                        amounting to                                                        and Umpang Village,
                                                        Rp96,900,000 will be                                                Central Kalimantan
                                                        repaid in 4 quarterly
                                                        installments.

                       MMS/ MMS                    d)   Per 31 Desember 2025,             8,75% per        Jatuh tempo      Pembiayaan kembali
                       Fasilitas pembiayaan/            saldo pinjaman sebesar            tahun/ 8.75%     25 Oktober       kebun kelapa sawit dan
                       Financing facilities             AS$Nihil dan                      per annum        2026/ Will       pabrik kelapa sawit di desa
                       AS$25.020.576 atau setara        Rp70.884.551 akan                                  mature in        Runtu dan Umpang,
                       dengan Rp380.000.000/            dilunasi dalam 6                                   October 25,      Kalimantan Tengah/
                       US$25,020,576 or                 angsuran tiga bulanan/                             2026             Refinancing of plantations
                       equivalent to                    As of December 31,                                                  and palm oil mill in Runtu
                       Rp380,000,000                    2025, outstanding loan                                              and Umpang Village,
                                                        amounting to US$Nill                                                Central Kalimantan
                                                        and Rp70.884.551 will
                                                        be repaid in 6 quarterly
                                                        installments.


                       MMS/ MMS                    d)   Per 31 Desember 2025,             8,75% per        Jatuh tempo      Pembiayaan perkebunan
                       Fasilitas pembiayaan/            saldo pinjaman sebesar            tahun/ 8.75%     28 Juni 2028/    kelapa sawit/ Financing of
                       Financing facilities             Rp143.982.046 akan                per annum        Will mature      oil palm plantations
                       Rp255.375.000/                   dilunasi dalam 10                                  in June 28,
                       Rp255,375,000                    angsuran tiga bulanan/                             2028
                                                        As of December 31,
                                                        2025, outstanding loan
                                                        amounting to
                                                        Rp143,982,046 will be
                                                        repaid in 10 quarterly
                                                        installments.

                       MKM/ MKM                    e)   Per 31 Desember 2025,             8,75% per        Jatuh tempo      Pembiayaan kebun kelapa
                       Fasilitas pembiayaan             saldo pinjaman sebesar            tahun/ 8.75%     18 Juli 2029/    sawit/ Financing of oil palm
                       investasi I/ Investment          Rp172.416.000 akan                per annum        Will mature      plantations
                       financing facility I             dilunasi dalam 15                                  in July 18,
                       Rp482.212.000/                   angsuran tiga bulanan/                             2029
                       Rp482,212,000                    As of December 31,
                                                        2025, outstanding loan
                                                        amounting to
                                                        Rp172,416,000 will be
                                                        repaid in 15 quarterly
                                                        installments.




                                                                     101
Page 425
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                     PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                       STATEMENTS
          Tanggal 31 Desember 2025                                                            As of December 31, 2025
         dan untuk tahun yang berakhir                                                         and for year then ended
             pada tanggal tersebut                                                       (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                       unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                       22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                               Long-term bank loans (continued)

   Rincian utang bank jangka panjang Grup adalah                                       The details of the long-term Group bank loans are
   sebagai berikut: (lanjutan)                                                         as follows: (continued)
                                                                                                            Tanggal
                                                                                                          jatuh tempo
                         Jenis pinjaman dan                                                                 fasilitas/
                             jumlah batas                                                                    Facility
        Kreditur/       pinjaman/Type of loan               Saldo pinjaman/                Bunga/           maturity
        Creditor       and maximum credit limit             Outstanding loan               Interest           date           Peruntukkan/ Purpose
     PT Bank Negara    MKM/ MKM                     e)   Per 31 Desember 2025:           8,75% per        Jatuh tempo      Pembiayaan kebun kelapa
     Indonesia         Fasilitas pembiayaan              RpNihil / As of December        tahun/ 8.75%     18 Juli 2029/    sawit/ financing of oil palm
     (Persero)         investasi II/ Investment          31, 2025: RpNil                 per annum        Will mature      plantations
     Tbk.(lanjutan)/   financing facility II                                                              in July 18,
     PT Bank Negara    Rp151.636.000/                                                                     2029
     Indonesia         Rp151,636,000
     (Persero) Tbk.
     (continued)
                       MKM/ MKM                     e)   Per 31 December 2025,           8,75% dan        Jatuh tempo      Pembiayaan pabrik kelapa
                       Fasilitas pembiayaan              saldo pinjaman sebesar          6,25% per        18 Juli 2029/    sawit, biogas, dan
                       investasi III/ Investment         Rp117.894.000 dan               tahun/ 8.75%     Will mature      dermaga/ Financing of oil
                       financing facility III            AS$Nihil akan dilunasi          dan 6.25%        in July 18,      palm mill, biogas, and jetty
                       Rp185.367.000 dan                 dalam 13 angsuran tiga          per annum        2029             purpose
                       AS$3.319.445/                     bulanan/ As of
                       Rp185,367,000 and                 December 31, 2025,
                       US$3,319,445                      outstanding loan
                                                         amounting to
                                                         Rp117,894,000 and
                                                         US$Nill will be repaid in
                                                         13 quarterly installments.

                       MKM/ MKM                     e)   Per 31 Desember 2025,           8,75% dan        Jatuh tempo      Pembiayaan atas bunga
                       Fasilitas pembiayaan              saldo pinjaman sebesar          6,25% per        18 Juli 2029/    pinjaman selama proses
                       investasi IV/ Investment          Rp13.481.342 dan                tahun/ 8.75%     Will mature      pembangunan pabrik
                       financing facility IV             AS$Nihil akan dilunasi          dan 6.25%        in July 18,      kelapa sawit, biogas, dan
                       Rp25.600.000 dan                  dalam 14 angsuran tiga          per annum        2029             dermaga/ Financing of
                       AS$458.453/                       bulanan/ As of                                                    interest during construction
                       Rp25,600,000 and                  December 31, 2025,                                                of oil palm mill, biogas,
                       US$458,453                        outstanding loan                                                  and jetty
                                                         amounting to
                                                         Rp13.481.342 and
                                                         US$Nill will be repaid in
                                                         14 quarterly installments.
                       MKM/ MKM                     e)   Per 31 Desember 2025:           8,75% per        Jatuh tempo      Pembiayaan atas bunga
                       Fasilitas pembiayaan              RpNihil / As of                 tahun/ 8.75%     18 Juli 2029/    pinjaman atas
                       investasi V/ Investment           Decembber 31, 2025:             per annum        Will mature      pembangunan kebun
                       financing facility V              RpNil                                            in July 18,      kelapa sawit/ Financing of
                       Rp33.500.000/                                                                      2029             interest during construction
                       Rp33,500,000                                                                                        of palm oil plantations
                       MKM/ MKM                     e)   Per 31 Desember 2025:           8,75% per        18 Juli 2029/    Pembiayaan atas bunga
                       Fasilitas pembiayaan              Rp35.258.202 akan               tahun/ 8.75%     Will mature      pinjaman atas
                       investasi VI/ Investment          dilunasi dalam 15               per annum        in July 18,      pembangunan kebun
                       financing facility VI             angsuran tiga bulanan/ /                         2029             kelapa sawit/ Financing of
                       Rp37.057.065/                     As of Decembber 31,                                               interest during construction
                       Rp37,057,065                      2025: Rp35,258,202 will                                           of palm oil plantations
                                                         be repaid in 15 quarterly
                                                         installments.
                       MKM/ MKM                     e)   Per 31 Desember 2025:           8,75% per        18 Juli 2029/    Pembiayaan atas bunga
                       Fasilitas pembiayaan              Rp4.563.743 akan                tahun/ 8.75%     Will mature      pinjaman atas
                       investasi VII/ Investment         dilunasi dalam 15               per annum        in July 18,      pembangunan kebun
                       financing facility VII            angsuran tiga bulanan/ /                         2029             kelapa sawit/ Financing of
                       Rp4.796.562/                      As of Decembber 31,                                               interest during construction
                       Rp4,796,562                       2025: Rp4,563,743 will                                            of palm oil plantations
                                                         be repaid in 15 quarterly
                                                         installments.
                       MKM/ MKM                     e)   Per 31 Desember 2025:           8,75% per        25 Agustus       Pembiayaan atas bunga
                       Fasilitas pembiayaan              Rp49.336.025 akan               tahun/ 8.75%     2030/ Will       pinjaman atas
                       investasi VIII/ Investment        dilunasi dalam 19               per annum        mature in        pembangunan kebun
                       financing facility VIII           angsuran tiga bulanan/ /                         August 25,       kelapa sawit/ Financing of
                       Rp113.750.880/                    As of Decembber 31,                              2030             interest during construction
                       Rp113.750.880                     2025: Rp49,336,025 will                                           of palm oil plantations
                                                         be repaid in 19 quarterly
                                                         installments.




                                                                      102
Page 426
                                                                                     The original consolidated financial statements included herein
                                                                                                                   are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                             STATEMENTS
          Tanggal 31 Desember 2025                                                                  As of December 31, 2025
         dan untuk tahun yang berakhir                                                               and for year then ended
             pada tanggal tersebut                                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                             unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                          22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                                     Long-term bank loans (continued)

   Rincian utang bank jangka panjang Grup adalah                                             The details of the long-term Group bank loans are
   sebagai berikut: (lanjutan)                                                               as follows: (continued)
                                                                                                                Tanggal
                                                                                                              jatuh tempo
                         Jenis pinjaman dan                                                                     fasilitas/
                             jumlah batas                                                                        Facility
        Kreditur/       pinjaman/Type of loan                Saldo pinjaman/                     Bunga/         maturity
        Creditor       and maximum credit limit              Outstanding loan                    Interest         date          Peruntukkan/ Purpose

     PT Bank Negara    MPP/ MPP                        f)   Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembangunan pabrik
     Indonesia         Fasilitas pembiayaan                 saldo pinjaman sebesar               per         3 November      kelapa sawit dan biogas/
     (Persero)         investasi/ Investment credit         Rp99.003.000 akan                    tahun/      2029/ Will      Finance construction of
     Tbk.(lanjutan)/   facility                             dilunasi dalam 13                    8.75%       mature in       palm oil mill and biogas
     PT Bank Negara    Rp169.803.000/                       angsuran tiga bulanan/ As            per         November 3,
     Indonesia         Rp169,803,000                        of December 31, 2025,                annum       2029
     (Persero) Tbk.                                         outstanding loan
     (continued)                                            amounting to
                                                            Rp99,003,000 wil be
                                                            repaid in 13 quarterly
                                                            installments.

                       MPP/ MPP                        f)   Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembiayaan bunga selama
                       Fasilitas Interest During            saldo pinjaman sebesar               per         3 November      masa pembangunan pabrik
                       Constructions (IDC)/ Interest        Rp16.442.590 akan                    tahun/      2029/ Will      kelapa sawit dan biogas/
                       During Constructions (IDC)           dilunasi dalam 13                    8.75%       mature in       Financing the interest
                       facility                             angsurann tiga bulanan/              per         November 3,     during the construction of
                       Rp22.900.000/                        As of December 31, 2025,             annum       2029            palm oil mill and biogas
                       Rp22,900,000                         outstanding loan
                                                            amounting to
                                                            Rp16,442,590 will be
                                                            repaid in 13 quarterly
                                                            installments.

                       MPP/ MPP                        f)   Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembangunan pabrik
                       Fasilitas pembiayaan                 saldo pinjaman sebesar               per         25 Agustus      kelapa sawit dan biogas/
                       investasi/ Investment credit         Rp33.104.242 akan                    tahun/      2029/ Will      Finance construction of
                       facility                             dilunasi dalam 15                    8.75%       mature in       palm oil mill and biogas
                       Rp77.223.621/                        angsurann tiga bulanan/              per         August 25,
                       Rp77,223,621                         As of December 31, 2025,             annum       2029
                                                            outstanding loan
                                                            amounting to
                                                            Rp33,104,242 will be
                                                            repaid in 15 quarterly
                                                            installments.

                       SML/ SML                             Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembangunan pabrik
                       Fasilitas pembiayaan                 fasilitas ini telah lunas/ As        per         11 Mei 2025/    kelapa sawit/ Finance
                       investasi/ Investment credit         of December 31, 2025,                tahun/      Matured in      construction of palm oil mill
                       facility                             this facility has been fully         8.75%       May 11, 2025
                       Rp16.498.000/                        paid.                                per
                       Rp16,498,000                                                              annum

     PT Bank Rakyat    Perusahaan/ The company         g)   Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembelian unit lantai
     Indonesia         Fasilitas pembiayaan kredit          saldo pinjaman sebesar               per         31 Oktober      sebagai kantor representasi
     (Persero) Tbk./   investasi/ Investment credit         Rp11.056.812 akan                    tahun/      2027/ Will      Perusahaan di Equity
     PT Bank Rakyat    facility                             dilunasi dalam 22                    8.75%       mature in       Tower, Jakarta/ Purchase
     Indonesia         Rp48.060.600/                        angsuran bulanan/ As of              per         October 31,     unit office in Equity Tower
     (Persero) Tbk.    Rp48,060,600                         December 31, 2025,                   annum       2027            as the Company’s
                                                            outstanding loan                                                 representative office in
                                                            amounting to                                                     Jakarta.
                                                            Rp11,056,812 and will be
                                                            repaid in 22 monthly
                                                            installmennts

                       CBUT/ CBUT                      h)   Per 31 Desember 2025,                8,75%       Jatuh tempo     Pembiayaan umum
                       Fasilitas pinjaman kredit            saldo pinjaman sebesar               per         17 Oktober      perusahaan/ Finance
                       transaksional khusus/                Rp673.348.000/ As of                 tahun/      2029/ Will      general corporate
                       Special transactional credit         December 31, 2025,                   8.75%       mature in
                       facility                             outstanding loan                     per         October 17,
                       Rp850.000.000/                       amounting to                         annum       2029
                       Rp850,000,000                        Rp673,348,000

     PT Bank           SML/ SML                        i)   Per 31 Desember 2025,                15% per     Jatuh tempo     Pembiayaan modal kerja /
     Perkreditan       Fasilitas pinjaman kredit            saldo pinjaman sebesar               tahun/      18 January      Finance working capital
     Rakyat Lingga     investasi/ Investment credit         Rp1.562.500 / As of                  15% per     2028/ Will
     Sejahtera/        loan facility                        December 31, 2025,                   annum       mature in
     PT Bank           Rp2.250.000/ Rp2,250,000             outstanding loan                                 January 18,
     Perkreditan                                            amounting to                                     2028
     Rakyat Lingga                                          Rp1,562,500
     Sejahtera .



                                                                        103
Page 427
                                                                                       The original consolidated financial statements included herein
                                                                                                                     are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                          PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                            STATEMENTS
          Tanggal 31 Desember 2025                                                                 As of December 31, 2025
         dan untuk tahun yang berakhir                                                              and for year then ended
             pada tanggal tersebut                                                            (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                            unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                              22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                                     Long-term bank loans (continued)

   Rincian utang bank jangka panjang Grup adalah                                            The details of the long-term Group bank loans are
   sebagai berikut: (lanjutan)                                                              as follows: (continued)
                                                                                                                       Tanggal
                                                                                                                     jatuh tempo
                               Jenis pinjaman dan                                                                      fasilitas/
                                   jumlah batas                                                                         Facility
         Kreditur/            pinjaman/Type of loan                 Saldo pinjaman/                Bunga/              maturity
         Creditor            and maximum credit limit               Outstanding loan               Interest              date               Peruntukkan/ Purpose

     PT Bank                  SML/ SML                       j)   Per 31 Desember 2025,            12% per          Jatuh tempo          Pembiayaan modal kerja /
     Perkreditan              Fasilitas pinjaman kredit           saldo pinjaman sebesar           tahun/           19 Oktober           Finance working capital
     Rakyat Lingga            modal kerja/ working capital        Rp6.111.111 / As of              12% per          2027/ Will
     Sejahtera                facility                            December 31, 2025,               annum            mature in
     (lanjutan)/              Rp10.000.000/                       outstanding loan                                  October 19,
     PT Bank                  Rp10,000,000                        amounting to                                      2027
     Perkreditan                                                  Rp6,111,111
     Rakyat Lingga
     Sejahtera.
     (continued)

                              SML/ SML                       k)   Per 31 Desember 2025,            15% per          Jatuh tempo          Pembiayaan modal kerja /
                              Fasilitas pinjaman kredit           saldo pinjaman sebesar           tahun/           27 Februari          Finance working capital
                              modal kerja/ working capital        Rp6.111.111/ As of               15% per          2027/ Will
                              facility                            December 31, 2025,               annum            mature in
                              Rp34.000.000/                       outstanding loan                                  February 27,
                              Rp34,000,0000                       amounting to                                      2027
                                                                  Rp6,111,111

    a) Berdasarkan Akta Perjanjian Kredit Sindikasi No.17 tanggal 18 November 2025, dibuat dihadapan Winter Sigiro SH., MH dan Akta Perjanjian Line Facility
       Pembiayaan Sindikasi Musyarakah No.18 tanggal 18 November 2025, dibuat dihadapan Winter Sigiro SH., MH, Perusahaan memperoleh Senior Secured
       Facility (Fasilitas Kredit Konvensional “Fasilitas Kredit“ & Fasilitas pembiayaan syariah “Fasilitas Pembiayaan“)/ Based on Syndicated Credit Agreement Deed
       No. 17 dated November 18, 2025, executed before Winter Sigiro, S.H., M.H., and the Syndicated Musyarakah Financing Line Facility Agreement Deed No. 18
       dated November 18, 2025, executed before Winter Sigiro, S.H., M.H. the Company obtained a Senior Secured Facility (a conventional credit facility, the “Credit
       Facility,” and a Sharia-compliant financing facility, the “Financing Facility”).
    b) Berdasarkan Akta Perjanjian Kredit Sindikasi No.35 tanggal 27 Juni 2022, dibuat dihadapan Dewantari Handayani, SH, MPA, sebagaimana diubah terakhir
       berdasarkan Perubahan Ketiga atas Perubahan dan Penegasan Kembali Perjanjian Kredit Sindikasi No. 01 tanggal 18 Desember 2024, dibuat dihadapan
       Winter Sigiro SH., MH dan berdasarkan Akta Perjanjian Line Facility Pembiayaan Sindikasi berdasarkan Prinsip Musyarakah No.36 tanggal 27 Juni 2022,
       dibuat dihadapan Dewantari Handayani, SH, MPA, sebagaimana diubah terakhir berdasarkan Perubahan Ke-Empat Perjanjian Line Facility Pembiayaan
       Sindikasi Berdasarkan Prinsip Musyarakah No. 02 tanggal 18 Desember 2024, dibuat dihadapan Winter Sigiro SH., MH/ Based on the Credit Syndicated
       Agreement Deed No.35 dated June 27, 2022, drawn up before Dewantari Handayani, SH, MPA as last amended by the Third Amendment to the Amended
       and Restated Syndicated Loan Agreement Deed dated December 18, 2024, drawn up before Winter Sigiro SH., MH and based on the Syndicated Line Facility
       Financing Agreement under the Musyarakah Principle No.36 dated June 27, 2022, drawn up before Dewantari Handayani, SH, MPA, as last amended by the
       Fourth Amendment to the Syndicated Line Facility Financing Agreement under the Musyarakah Principle No.02 dated December 18, 2024, drawn up before
       Winter Sigiro SH., MH.
    c) Berdasarkan Akta Perjanjian Kredit No.18 Tanggal 09 Desember 2016, dibuat dihadapan DR Tintin Surtini, SH., MH., MKN, TSA memperoleh fasilitas
       pembiayaan dari PT Bank Negara Indonesia (Persero) Tbk. Berdasarkan Perjanjian Kredit No. 07 tanggal 07 Februari 2025, dibuat dihadapan Winter Sigiro
       SH., MH, TSA mendapatkan tambahan fasilitas pembiayaan dengan jumlah maksimum Rp60.000.000/ Based on a Credit Agreement Deed No.18 dated
       February 7, 2025 drawn up before DR Tintin Surtini, SH., MH., MKN, TSA obtained financing facilities from PT Bank Negara Indonesia (Persero) Tbk.
       Furthermore, based on Loan Agreement No.7 dated February 7, 2025, drawn up before Winter Sigiro SH., MH, TSA obtained an additional financing facility
       with a maximum amount of Rp60,000,000.
    d) Berdasarkan Akta Perjanjian Kredit No.40 Tanggal 26 Oktober 2018, dibuat dihadapan DR Tintin Surtini, SH., MH., MKn, MMS memperoleh fasilitas
       pembiayaan dari PT Bank Negara Indonesia (Persero) Tbk. Berdasarkan Perjanjian Kredit No. 05 tanggal 7 Februari 2025, dibuat dihadapan Winter Sigiro
       SH., MH, MMS mendapatkan tambahan fasilitas pembiayaan dengan jumlah maksimum Rp255.475.000/ Based on an Credit Agreement Deed No.40 dated
       October 26, 2018, drawn up before DR Tintin Surtini, SH., MH., MKn, MMS obtained financing facilities from PT Bank Negara Indonesia (Persero) Tbk.
       Furthermore, based on Loan Agreement No.05 dated February 7, 2025, drawn up before Winter Sigiro SH., MH, MMS obtained an additional financing facility
       with a maximum amount of Rp255,475,000.
    e) Berdasarkan Akta Perjanjian Kredit No.19 Tanggal 19 Juli 2019, dibuat dihadapan DR Tintin Surtini, SH., MH., MKn, MKM memperoleh beberapa fasilitas
       pembiayaan dari PT Bank Negara Indonesia (Persero) Tbk/ Based on an Credit Ageement Deed No.19 dated July 19, 2019, drawn up before DR Tintin Surtini,
       SH., MH., MKn, MKM obtained financing facilities from PT Bank Negara Indonesia (Persero) Tbk.
    f) Berdasarkan Akta Perjanjian Kredit No.18 Tanggal 4 November 2019, dibuat dihadapan DR Tintin Surtini, SH., MH., MKn, MPP memperoleh fasilitas
       pembiayaan investasi dan fasilitas Interest During Constructions (IDC) dari PT Bank Negara Indonesia (Persero) Tbk/ Based on an Credit Agreement Deed
       No.18 drawn up before Dr. Tintin Surtini, S.H., M.H., M.Kn., dated November 4, 2019, MPP obtained investment credit facility and Interest During Constructions
       (IDC) facility from PT Bank Negara Indonesia (Persero) Tbk.
    g) Berdasarkan Akta Perjanjian Kredit No. 22 tanggal 30 Oktober 2019, dibuat dihadapan DR Tintin Surtini, SH., MH., Mkn, Perusahaan memperoleh fasilitas
       pembiayaan kredit investasi dari PT Bank Rakyat Indonesia (Persero) Tbk/ Based on an Credit Agreement Deed No.22, dated October 30, 2019, drawn up
       before DR Tintin Surtini, SH., MH., Mkn, the Company obtained investment credit facility from PT Bank Rakyat Indonesia (Persero) Tbk.
    h) Berdasarkan Akta Perjanjian Kredit No.16 tanggal 18 Oktober 2023 dibuat dihadapan Winter Sigiro SH., MH, CBUT memperoleh fasilitas pinjaman kredit
       Transaksional Khusus dari PT Bank Rakyat Indonesia (Persero) Tbk/ Based on Loan Agreement Deed No. 16 dated October 18, 2023, drawn up before Winter
       Sigiro, SH., MH. CBUT obtained a Special Transactional credit facility from PT Bank Rakyat Indonesia (Persero) Tbk.
    i) Berdasarkan surat persetujuan kredit investasi tanggal 18 Februari 2025, SML memperoleh fasilitas pinjaman kredit investasi dari PT Bank Perkreditan Rakyat
       Lingga Sejahtera/ Based on Credit Approval Letter dated February 18, 2025, SML obtained investment credit facility from PT Bank Perkreditan Rakyat Lingga
       Sejahtera.
    j) Berdasarkan surat persetujuan kredit tanggal 6 November 2024, SML memperoleh fasilitas pinjaman Kredit Modal Kerja dari PT Bank Perkreditan Rakyat
       Lingga Sejahtera/ Based on Credit Approval Letter dated November 6, 2024, SML obtained Working Capital Loan facility from PT Bank Perkreditan Rakyat
       Lingga Sejahtera.


                                                                             104
Page 428
                                                                                    The original consolidated financial statements included herein
                                                                                                                  are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                      STATEMENTS
             Tanggal 31 Desember 2025                                                           As of December 31, 2025
            dan untuk tahun yang berakhir                                                        and for year then ended
                pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
               kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                                         22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                                 Long-term bank loans (continued)

   Rincian utang bank jangka panjang Grup adalah                                        The details of the long-term Group bank loans are as
   sebagai berikut: (lanjutan)                                                          follows: (continued)

    k)    Berdasarkan surat persetujuan kredit tanggal 22 Februari 2024, SML memperoleh fasilitas pinjaman Kredit Modal Kerja dari PT Bank Perkreditan Rakyat
          Lingga Sejahtera/ Based on Credit Approval Letter dated Februari 22, 2024, SML obtained Working Capital Loan facility from PT Bank Perkreditan Rakyat
          Lingga Sejahtera.


   Jaminan-jaminan utang bank jangka panjang:                                          Securities of long-term bank loans:

   Fasilitas Pinjaman Sindikasi                                                         Syndicated Loan Facility

    Perusahaan                                                                           The Company

    Fasilitas pinjaman ini dijamin dengan:                                               The loan facility is secured by:

   1.    Piutang dan persediaan Perusahaan, KSA,                                         1.    The Company’s, KSA, SMU and SML
         SMU dan SML yang telah diikat dalam sertifikat                                        receivables and inventories that has been
         jaminan fidusia                                                                       granted in the fiduciary guarantee certificate.
   2.    Perkebunan kelapa sawit dan pabrik kelapa                                       2.    The Company's, KSA, SMU and SML oil palm
         sawit milik Perusahaan, KSA, SMU dan SML                                              plantations, including land, plants, non-plants
         termasuk di dalamnya tanah, tanaman, non-                                             and all factory buildings as stated in the
         tanaman dan seluruh bangunan pabrik                                                   Company’s certifcates of landright.
         sebagaimana tertera dalam sertifikat Hak Guna
         Usaha.
   3.    Rekening-rekening Escrow yang dibuka di Agen                                     3.    Escrow accounts opened with the Escrow
         Penampungan yang telah diikat dalam Sertifikat                                         Agent that have been pledged under the
         Gadai                                                                                  Pledge Certificate.
   4.    Tagihan klaim asuransi Perusahaan yang telah                                     4.    The Company’s insurance claim bills, that have
         diikat dalam sertifikat jaminan fidusia.                                               been granted in the fiduciary guarantee
                                                                                                certificate.

    Fasilitas pinjaman ini dijamin dengan:                                                The loan facility is secured by:

   Fasilitas Pinjaman Sindikasi II                                                        Syndicated Loan Facility II
    Perusahaan                                                                            The Company

   Fasilitas pinjaman ini dijamin dengan:                                                 The loan facilities is secured by:
   1. Segala harta kekayaan Perusahaan, baik yang                                         1. All of the Company Assets, both movable and
       bergerak maupun tidak bergerak, baik yang                                             immovable, both existing and those that will
       sudah ada maupun yang akan ada dikemudian                                             exist in the future.
       hari.
   2. Seluruh jaminan merupakan jaminan paripassu                                          2. All guarantees are paripassu guarantees for
       bagi pemberi fasilitas, oleh karenanya akan                                            the facility provider, therefore a separate
       dibuatkan sebuah perjanjian terpisah yang                                              agreement will be made which regulates the
       mengatur pelaksanaan pembagian hasil                                                   implementation of the distribution of the
       jaminan sesuai porsi pembiayaan masing-                                                guarantee results according to the financing
       masing pemberi fasilitas.                                                              portion of each facility provider.
   3. Agunan Debitur/Nasabah akan         dilakukan                                        3. The Company’s collateral will be fully bound
       pengikatan secara sempurna dengan nilai                                                with a minimum coverage value of the
       coverage atas keseluruhan fasilitas sindikasi                                          entire syndicated facility of 121% (one hundred
       minimum sebesar 121% (seratus dua puluh                                                and twenty one percent).
       satu persen).
   4. Persediaan Perusahaan yang telah diikat dalam                                        4. The Company’s inventories that has been
       sertifikat jaminan fidusia.                                                              granted in the fiduciary guarantee certificate.


                                                                          105
Page 429
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                STATEMENTS
             Tanggal 31 Desember 2025                                     As of December 31, 2025
            dan untuk tahun yang berakhir                                  and for year then ended
                pada tanggal tersebut                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
               kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                      22. BANK LOAN (continued)

    Utang bank jangka panjang (lanjutan)                          Long-term bank loans (continued)

   Jaminan-jaminan utang bank jangka panjang:                     Securities of long-term bank loans: (continued)
   (lanjutan)

   Fasilitas Pinjaman Sindikasi II (lanjutan)                    Syndicated Loan Facility II (continued)

    Perusahaan (lanjutan)                                        The Company (continued)

    Fasilitas pinjaman ini dijamin dengan: (lanjutan)            The loan facility is secured by: (continued)
    5. Piutang Perusahaan, KSA, SMU and SML yang                 5. The Company’s, KSA, SMU and SML
        telah diikat dalam sertifikat jaminan fidusia                 receivables, that have been granted in the
                                                                      fiduciary guarantee certificate.
    6. Tagihan klaim asuransi Perusahaan, KSA dan                6. The Company’s, KSA and SMU insurance claim
       SMU yang telah diikat dalam sertifikat jaminan                 bills, that have been granted in the fiduciary
       fidusia.                                                       guarantee certificate.
    7. Perkebunan    kelapa    sawit     Perusahaan,             7. The Company's oil palm plantations, including
       termasuk di dalamnya tanah, tanaman, non-                      land, plants, non-plants and all factory buildings
       tanaman dan seluruh bangunan pabrik                            as stated in the Company’s certificates of land
       sebagaimana tertera dalam sertifikat Hak Guna                  rights.
       Usaha
    8. Perkebunan kelapa sawit KSA dan SMU                        8.   KSA and SMU oil palm plantations, including
       termasuk di dalamnya tanah, tanaman, non-                       land, plants, non-plants and all factory buildings
       tanaman dan seluruh bangunan pabrik                             as stated in the Company’s certificates of land
       sebagaimana tertera dalam sertifikat Hak Guna                   rights.
       Usaha

   Fasilitas Kredit Investasi PT Bank Negara                      Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”)                               Indonesia (Persero) Tbk. (“BNI”)

   Entitas anak                                                     The Subsidiaries

   PT Tanjung Sawit Abadi (“TSA”)                                  PT Tanjung Sawit Abadi (“TSA”)

   Fasilitas pinjaman ini dijamin dengan:                          The loan facilities is secured by:
   1. Tanah seluas 148.090 meter persegi milik TSA                  1. Land area of 148,090 square meters owned by
        yang berlokasi di Lamandau, Kotawaringin                        TSA located in Lamandau, Kotawaringin Barat
        Barat sebagaimana tertera dalam sertifikat Hak                  as stated in TSA’s certificates of building
        Guna Bangunan ("HGB") termasuk aset                             (“HGB”) including plantation assets, buildings,
        perkebunan, bangunan, dan instalasi atasnya.                    and the installations thereon.
   2. Tanah seluas 64.122.856 meter persegi milik                  2. Land with a total area of 64,122,856 square
        TSA yang berlokasi di Lamandau, Kotawaringin                    meters owned by TSA, located in Lamandau,
        Barat sebagaimana tertera dalam sertifikat Hak                  Kotawaringin Barat, as stated in the Right to
        Guna Usaha ("HGU") termasuk aset                                Cultivate (Hak Guna Usaha or "HGU")
        perkebunan, bangunan, dan instalasi atasnya.                    certificates, including plantation assets,
                                                                        buildings, and installations situated thereon.
   3.     Penjaminan oleh Perusahaan.                              3. Corporate guarantee from the Company.

   PT Mitra Mendawai Sejati (“MMS”)                                PT Mitra Mendawai Sejati (“MMS”)

   Fasilitas pinjaman ini dijamin dengan:                          The loan facilities are secured by:
   1. Tanah seluas 8.921 Ha milik MMS yang                          1. Land area of 8,921 Ha owned by MMS located
        berlokasi di desa Umpang, Arut Selatan,                        in Umpang village, South Arut, Kotawaringin
        Kotawaringin Barat sebagaimana tertera dalam                   Barat as stated in the MMS’s certificates of
        sertifikat Hak Guna Usaha ("HGU") termasuk                     landright (“HGU”) including plantation assets,
        aset perkebunan, bangunan dan instalasi                        buildings and the installations thereon.
        atasnya.
                                                         106
Page 430
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                     PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                       STATEMENTS
          Tanggal 31 Desember 2025                                            As of December 31, 2025
         dan untuk tahun yang berakhir                                         and for year then ended
             pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                       22.   BANK LOAN (continued)

    Utang bank jangka panjang (lanjutan)                              Long-term bank loans (continued)

   Jaminan-jaminan    utang   bank   jangka   panjang                 Securities of long-term bank loans (continued):
   (lanjutan):

   Fasilitas Kredit Investasi PT Bank Negara                          Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                        Indonesia (Persero) Tbk. (“BNI”) (continued)

   Entitas anak (lanjutan)                                             The Subsidiaries (continued)

   PT Mitra Mendawai Sejati (“MMS”) (lanjutan)                         PT Mitra Mendawai Sejati (“MMS”) (continued)

   Fasilitas pinjaman ini dijamin dengan: (lanjutan)                  The loan facilities are secured by: (continued)
   2. Penjaminan oleh PT Mandiri Indah Lestari dan                    2. Corporate guarantees from PT Mandiri Indah
        PT Prima Sawit Borneo.                                           Lestari and PT Prima Sawit Borneo.

   PT Menteng Kencana Mas (“MKM”)                                     PT Menteng Kencana Mas (“MKM”)

   Fasilitas pinjaman ini dijamin dengan:                             The loan facilities are secured by:
   1. Tanah seluas 2.634,98 Ha milik MKM yang                         1. Land area of 2,634.98 Ha owned by MKM
        berlokasi di Pulang Pisau, Kalimantan Tengah                      located in Pulang Pisau, Central of Kalimantan
        sebagaimana tertera dalam sertifikat Hak Guna                     as stated in the MKM’s certificates of landright
        Usaha ("HGU").                                                    (“HGU”).
   2. Tanah seluas 29,59 Ha milik MKM yang                            2. Land area of 29.59 Ha owned by MKM located
        berlokasi di Pulang Pisau, Kalimantan Tengah                      in Pulang Pisau, Central of Kalimantan as
        sebagaimana tertera dalam sertifikat Hak Guna                     stated in the MKM’s certificates of buildingright
        Bangunan ("HGB").                                                 (“HGB”).
   3. Tanah dengan dengan status Ijin Usaha                           3. Land area with of the status of a Large
        Perkebunan Besar yang diikat dengan                               Plantation Business Permit that is bound by a
        Perjanjian    Penyerahan       Jaminan    dan                     Guarantee and Provision of Authority
        Pemberian       Kuasa       (PPJPK)     senilai                   Agreement             (PPJPK)         amounted
        Rp350.726.000.                                                    Rp350,726,000.
   4. Penjaminan oleh PT Mandiri Indah Lestari dan                    4. Corporate guarantees from PT Mandiri Indah
        PT Prima Sawit Borneo.                                            Lestari and PT Prima Sawit Borneo.
   5. Saham MKM yang dimiliki oleh KSA dan MMS.                       5. MKM’s shares owned by KSA and MMS.

   PT Mirza Pratama Putra (“MPP”)                                     PT Mirza Pratama Putra (“MPP”)

    Fasilitas pinjaman ini dijamin dengan:                            The loan facilities are secured by:
    1. Tanah seluas 3.417,01 Ha milik MPP yang                        1. A land area of 3,417.01 hectares owned by
       berlokasi di Lamandau, Kalimantan tengah                            MPP, located in Lamandau, Central Kalimantan,
       sebagaimana tertera dalam sertifikat Hak Guna                       as stated in the Right to Cultivate (“HGU”)
       Usaha ("HGU")                                                       certificate.
    2. Saham MPP yang dimiliki oleh KSA dan MMS.                      2. MPP’s shares are owned by KSA and MMS.
    3. Penjaminan oleh PT Prima Sawit Borneo dan PT                   3. Corporate guarantees from PT Prima Sawit
       Mandiri Indah Lestari.                                              Borneo and PT Mandiri Indah Lestari.

   PT Sawit Mandiri Lestari (“SML”)                                   PT Sawit Mandiri Lestari (“SML”)

   Fasilitas pinjaman ini dijamin dengan:                             The loan facilities are secured by:
   1. Tanah seluas 9.415 Ha yang berlokasi di                         1. Land with area of 9,415 Ha located at
       Kabupaten Lamandau, dengan Sertifikat Hak                           Lamandau Regency, with Certificate of Right to
       Guna Usaha (SHGU).                                                  Cultivate (SHGU).
   2. Pabrik kelapa sawit (PKS) atas nama SML yang                    2. Palm oil Mill owned by SML located at
       berlokasi di Kabupaten Lamandau                                     Lamandau.


                                                          107
Page 431
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                     STATEMENTS
             Tanggal 31 Desember 2025                                          As of December 31, 2025
            dan untuk tahun yang berakhir                                       and for year then ended
                pada tanggal tersebut                                     (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
               kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                        22.   BANK LOAN (continued)

    Utang bank jangka panjang (lanjutan)                               Long-term bank loans (continued)

   Jaminan-jaminan      utang   bank   jangka   panjang                 Securities of long-term bank loans (continued):
   (lanjutan):

   Fasilitas Kredit Investasi PT Bank Negara                           Investment Credit Facility from PT Bank Negara
   Indonesia (Persero) Tbk. (“BNI”) (lanjutan)                         Indonesia (Persero) Tbk. (“BNI”) (continued)
   Entitas anak (lanjutan)                                             The Subsidiaries (continued)

   PT Sawit Mandiri Lestari (“SML”) (lanjutan)                         PT Sawit Mandiri Lestari (“SML”) (continued)

   Fasilitas pinjaman ini dijamin dengan: (lanjutan)                   The loan facilities are secured by: (continued)
   3. Kebun kelapa sawit dan PKS atas nama                             3. Palm oil plantation and palm oil mill owned by
        PT Citra Borneo Indah (”CBI”) seluas 710,80 Ha                     PT Citra Borneo Indah (“CBI”), with a total area
        yang berlokasi di Desa Batu Kotam yang akan                        of 710.80 Ha, located in Batu Kotam Village,
        dibalik nama menjadi atas nama SML.                                which is in the process of being transferred to
                                                                           the name of the SML.
   4.    Pabrik kelapa sawit, bangunan perumahan, dan                  4. Palm oil mill, residential building and factory
         mesin pabrik atas nama CBI yang berlokasi di                      machinery owned by CBI located at Batu Kotam
         Desa Batu Kotam, yang akan dibalik nama                           Village, which is in the process of being
         menjadi atas nama SML.                                            transferred to the name of SML.
   5.    Beberapa tanah beserta tanaman kelapa sawit                   5. Several land and palm oil plants located at
         yang terletak di Desa Kinipan, Desa Ginih, Desa                   Kinipan Village, Ginih Village, Batu Tambun
         Batu Tambun, Kecamatan Delang, Desa Sungai                        Village, Delang District, Sungai Tuat Village,
         Tuat, Desa Tanjung Beringin, Desa Cuhai                           Tanjung Beringin Village, Cuhai Kawa Village,
         Kawa, Desa Karang Taba, Desa Panopa, Desa                         Karang Taba Village, Panopa Village, Saju
         Saju, Desa Tapin Bini dan Desa Samu Jaya,                         Village, Tapin Bini Village and Samu Jaya
         Kecamatan Lamandau, Kabupaten Lamandau,                           Village, Lamandau Sub-district, Lamandau
         Provinsi Kalimantan Tengah.                                       District, Central Kalimantan Province.
   6.    Penjaminan oleh perusahaan dari PT Mandiri                    6. Corporate guarantee from PT Mandiri Indah
         Indah Lestari dan PT Prima Sawit Borneo.                          Lestari and PT Prima Sawit Borneo.

   Fasilitas Kredit Investasi PT Bank Rakyat                            Investment Credit Facility from PT Bank Rakyat
   Indonesia (Persero) Tbk. (BRI)                                       Indonesia (Persero) Tbk. (BRI)

   Perusahaan                                                          The Company

   Fasilitas pinjaman ini dijamin dengan:                               The loan facility is secured by:
   1. Kantor di Equity Tower Jakarta                                    1. Office space in Equity Tower Jakarta
   2. Deposito senilai Rp6.007.575                                      2. Time deposit amounting Rp6,007,575

   Entitas anak                                                         The Subsidiaries

   PT Citra Borneo Utama Tbk. (“CBUT”)                                  PT Citra Borneo Utama Tbk. (“CBUT”)
   Pinjaman bank tersebut dijamin dengan:                               These bank loans are secured by:
   1. Piutang usaha milik             CBUT      senilai                 1. CBUT’s       trade   receivables    are   worth
        Rp750.000.000.                                                     Rp750,000,000.
   2. Persediaan          milik      CBUT       senilai                 2. CBUT’s          owned       inventory     worth
        Rp1.000.000.000.                                                   Rp1,000,000,000.
   3. Bangunan Jetty milik PT Surya Borneo Industri,                    3. Jetty building owned by PT Surya Borneo
        pihak berelasi, senilai Rp48.488.000.                              Industri, a related party, worth Rp48,488,000.
   4. Tanah beserta bangunan seluas 268.200 m2                          4. Land area including buildings covering an area
        milik PT Surya Borneo Industri, pihak berelasi,                    of 268,200 m2 owned by PT Surya Borneo
        di kelurahan Kumai Hulu, dengan sertifikat Hak                     Industri, a related party, in Kumai Hulu sub-
        Guna Bangunan (HGB).                                               district, with Building Use Rights (HGB)
                                                                           certificate.
                                                           108
Page 432
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                            STATEMENTS
          Tanggal 31 Desember 2025                                                 As of December 31, 2025
         dan untuk tahun yang berakhir                                              and for year then ended
             pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                             22. BANK LOAN (continued)

    Utang bank jangka panjang (lanjutan)                                   Long-term bank loans (continued)

   Jaminan-jaminan      utang    bank   jangka    panjang                 Securities of long-term bank loans (continued):
   (lanjutan):

   Fasilitas Kredit Investasi PT Bank Rakyat                              Investment Credit Facility from PT Bank Rakyat
   Indonesia (Persero) Tbk. (BRI) (lanjutan)                              Indonesia (Persero) Tbk. (BRI) (continued)

   Entitas anak                                                           Subsidiaries

   PT Citra Borneo Utama Tbk. (“CBUT”) (lanjutan)                          PT Citra Borneo                Utama       Tbk.      (“CBUT”)
                                                                           (continued)

   Pinjaman bank tersebut dijamin dengan: (lanjutan)                      These bank loans are secured by: (continued)
   5. Tanah        beserta      bangunan        seluas                    5. Land area including buildings covering an area
        313.300 m2, 101.400 m2, 34.800 m2,                                    of 313,300 m2, 101,400 m2, 34,800 m2,
        139.700 m2, 4.474 m2, 88.700 m2, 44.500 m2                            139,700 m2, 4,474 m2, 88,700 m2, 44,500 m2
        milik PT Surya Borneo Industri, pihak berelasi,                       owned by PT Surya Borneo Industri, a related
        di kelurahan Kumai Hulu, dengan sertifikat                            party, in Kumai Hulu sub-district, with Building
        HGB.                                                                  HGB certificate.
   6. Giro/tabungan devisa hasil ekspor sumber daya                       6. Current account/savings from proceed from
        alam minimal senilai penempatannya.                                   export of natural resources at least equal to the
                                                                              placement.

   Fasilitas Kredit Investasi PT Bank Perkreditan                          Investment Credit Facility                from      PT    Bank
   Rakyat Lingga Sejahtera                                                 Perkreditan Rakyat Sejahtera

   PT Sawit Mandiri Lestari (“SML”)                                        PT Sawit Mandiri Lestari (“SML”)

   Pinjaman bank tersebut dijamin dengan 6 (enam)                         This bank loan is secured by 6 (six) unit vehicles
   unit kendaraan milik SML.                                              owned by SML.

   Pinjaman bank tersebut dijamin dengan piutang atas                     This bank loan is secured by reveivables from sales
   penjualan Crude Palm Oil terhadap CBUT sebesar                         of Crude Palm Oil to CBUT amounting to
   Rp20.501.820 dan piutang milik SML kepada PT                           Rp20,501,820 and SML's receivables to PT Bank
   Bank Perkreditan Rakyat Lingga Sejahtera sebesar                       Perkreditan Rakyat Sejahtera amounting to
   Rp51.915.490.                                                          Rp51,915,490.

   Pembatasan                                                              Covenants
      Kreditur/       Entitas/
      Creditors        Entity                                                   Pembatasan/Covenants
     Sindikasi    Perusahaan        1. Rasio Debt Service Coverage Konsolidasian periode terkait tidak kurang dari 1,25x/Consolidated Debt
                                       Service Coverage ratio for the related period not less than 1.25x.
                                    2. Rasio kewajiban terhadap ekuitas Konsolidasian periode terkait tidak lebih dari 3,5x/Consolidated Net
                                       Debt to equity ratio for the related period not more than 3.5x.
                                    3. Rasio Kewajiban terhadap LTM Adjusted EBITDA Konsolidasioan periode terkait tidak lebih dari 2,5x/
                                       Consolidated Net Debt to LTM Adjusted EBITDA ratio for the related period not more than 2.5x.




                                                              109
Page 433
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                             STATEMENTS
          Tanggal 31 Desember 2025                                                  As of December 31, 2025
         dan untuk tahun yang berakhir                                               and for year then ended
             pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                              22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                     Long-term bank loans (continued)

   Pembatasan (lanjutan)                                                    Covenants (continued)

       Kreditur/      Entitas/
      Creditors        Entity                                                Pembatasan/Covenants
     PT Bank       Perusahaan,    1. Menjaga kondisi keuangan berikut, sebagaimana didefinisikan dalam perjanjian fasilitas/ Shall maintain
     Negara        TSA,    MMS,      the following financial condition, as defined in the facility agreement:
     Indonesia     MKM, MPP          - Rasio lancar periode terkait tidak kurang dari 1,0x/ Current ratio for the related period not less than
     (Persero)                            1.0x.
     Tbk.                            - Rasio kewajiban terhadap ekuitas periode terkait tidak lebih dari 2,6x/ Debt to equity ratio for the
                                          related period not more than 2.6x
                                     - Rasio Debt Service Coverage periode terkait tidak kurang dari 1,0x/ Debt Service Coverage ratio for
                                          the related period not less than 1.0x
                                  2. Mengasuransikan seluruh aset jaminan pada Perusahaan asuransi yang disetujui oleh BNI serta dalam
                                      polis asuransi tersebut harus memuat Banker's Clause/ Insuring all pledged assets as collaterals to the
                                      insurance company approved by BNI and the insurance policy should include Banker's Clause.
                                  3. Tidak diperkenankan melakukan merger, akuisisi dan penjualan atau pemindahtanganan atau
                                      pelepasan hak atas harta kekayaan Perusahaan, kecuali dalam rangka kegiatan usaha sehari-hari/ Not
                                      allowed to conduct mergers, acquisitions and the sale or transfer or disposal of the Company’s property
                                      rights, except in the ordinary course of day-to-day operations.
                                  4. Tidak diperkenankan melakukan pembayaran dan/atau pelunasan atas pinjaman yang diperoleh dari
                                      Pemegang Saham, entitas berelasi, entitas anak maupun pihak ketiga lainnya/ Not allowed to make
                                      repayments and/or settlement of loans obtained from the Shareholder, affiliated company, subsidiaries,
                                      and third parties.
                                  5. Kegagalan perusahaan afiliasi memenuhi kewajiban kepada bank/ Failure of affiliated companies to fulfill
                                      its obligations to the bank.

     PT Bank       CBUT           1. Mengubah bentuk, status hukum dan lingkup kegiatan usaha Perusahaan, dan investasi serta
     Rakyat                           penyertaan dibidang lain/ Changing the form, legal entity status, scope of Company’s business,
     Indonesia                        investment, and participation in other fields.
     (Persero)                    2. Melakukan merger, akuisisi, penjualan aset perusahaan dengan nilai diatas Rp1.000.000, kecuali yang
     Tbk.                             telah ada/ Carrying out a merger, consolidation, acquisition, or selling assets above Rp1,000,000, unless
                                      previously existed.
                                  3. Melakukan pembayaran deviden, kecuali syarat financial covenant telah terpenuhi dan telah
                                      menyampaikan rencana pembagian deviden minimal 30 hari sebelum pembagian deviden
                                      dilaksanakan/ Distributing dividend, unless the financial covenant conditions have been fulfilled and
                                      have submitted a dividend distribution plan minimum 30 (thirty) days before the dividend distributed.
                                  4. Mengubah komposisi pemegang saham dalam hal terjadi perubahan kepemilikan pemegang saham
                                      mayoritas/ Changing the composition of the shareholders in the case of a change in ownership of the
                                      majority shareholder.
                                  5. Mengikat diri sebagai penanggung atau penjamin hutang atau kewajiban lainnya terhadap pihak lain,
                                      perusahaan afiliasi, dan anak perusahaan kecuali yang telah ada/ Binding as a guarantor of loan or
                                      other obligations to third parties, related parties, or subsidiaries, unless previously existed.
                                  6. Menjaminkan harta kekayaan Perusahaan yang telah dijaminkan kepada bank ke pihak lain/ Pledging
                                      the assets of the Company to other parties which have been pledged to the bank.
                                  7. Memberikan kredit kepada pihak manapun/ Providing loan to other parties.
                                  8. Melunasi dan atau membayar utang kepada pemegang saham sebelum utang bank di lunasi/
                                      Settlement and/or repayments of loans obtained from the shareholder before loan to the banks are fully
                                      repaid.
                                  9. Mengalihkan/menyerahkan kepada pihak lain, sebagian atau seluruhnya atas hak dan kewajiban yang
                                      timbul berkaitan dengan fasilitas kredit ini/Tansferring a part of or the entire rights and/or obligations of
                                      CBUT under credit agreement to other party.
                                  10. Mengajukan moratorium, membubarkan Perusahaan, melikuidasi atau permohonan penundaan
                                      kewajiban pembayaran utang, kepada instansi yang berwenang/ Submitting a moratorium, liquidating
                                      the Company or submitting the delay of loan payments to the authorized institution.
                                  11. Mengajukan dan menerima pinjaman dari bank atau lembaga keuangan lain termasuk penerbitan
                                      obligasi/ Submitting and receiving loan from other financial institutions, including issuance of bonds.
                                  12. Menambah atau memberikan tambahan piutang pihak berelasi dan piutang lain-lain/ Increasing or
                                      providing additional receivables to related parties and other receivables.
                                  13. Menambah atau menerima tambahan utang pihak berelasi dan utang lain-lain/ Increasing or
                                      receiving additional payables to related parties and other payables.
                                  14. Mengajukan permohonan pernyataan pailit kepada pengadilan niaga/ File for bankruptcy to the
                                      commercial court.
                                  15. Menyewakan aset yang telah di agunkan kepada bank/ Leasing assets which have been pledged
                                      for bank loans.
                                  16. Debt to equity ratio tidak lebih dari 300%/ Debt to equity ratio not more than 300%.
                                  17. Interest Coverage Ratio tidak kurang dari 150%/ Interest Coverage Ratio not less than 150%.
                                  18. Rasio coverage aktiva lancar tidak kurang dari 155%/ Current asset coverage ratio not less than 155%.




                                                               110
Page 434
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                             STATEMENTS
          Tanggal 31 Desember 2025                                                  As of December 31, 2025
         dan untuk tahun yang berakhir                                               and for year then ended
             pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
            kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                              22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                                     Long-term bank loans (continued)

   Pembatasan (lanjutan)                                                    Covenants (continued)

       Kreditur/     Entitas/
      Creditors       Entity                                                   Pembatasan/Covenants
     PT Bank       SML          1.    Mengubah Mengubah anggaran dasar atau mengubah status Perusahan, kecuali dipersyaratkan oleh
     Negara                           perundang-undangan atau peraturan pemerintah lainnya yang berlaku./ Amending the Company's Article
     Indonesia                        of Association or changing the Group's status, except as required by other applicable Government
     (Persero)                        Legislation or Regulation.
     Tbk.                       2.    Menggunakan dana pinjaman untuk tujuan di luar usaha yang dibiayai./ Using loan funds for purposes
                                      other than the financed business.
                                3.    Melakukan penjualan atau pemindahtanganan atau melepaskan hak atas sebagian atau seluruh hak atas
                                      harta kekayaan Perusahan selain untuk kegiatan sehari-hari, kecuali menurut kebijakan Pemerintah./
                                      Selling or transferring or releasing the rights on a part of or entire Company’s assets other than those
                                      used in day to day operations, unless they are inline with the government policy.
                                4.    Memperoleh fasilitas pinjaman baru dari bank lain maupun lembaga keuangan lainnya./ Obtaining new
                                      credit facility from other bank and other financial institutions.
                                5.    Menjaminkan harta kekayaan Perusahaan yang telah dijaminkan kepada pihak lain./ Pledging the assets
                                      of the Company which have been pledged to other parties.
                                6.    Melakukan likuidasi atau pembubaran atau tindakan tindakan kepailitan/ Liquidating or dissolution or
                                      filling for bankruptcy.
                                7.    Melakukan merger, akuisisi, atau reorganisasi./ Carrying out corporate actions such as merger,
                                      acquisition, or reorganization.
                                8.    Melakukan investasi yang melebihi proceed SML/ Entering into an investment that exceeds SML proceed.
                                9.    Menggadaikan dan mengalihkan saham./ Pledging and transferring shares.
                                10.   Tidak diperkenankan melakukan pembayaran dan/atau pelunasan atas pinjaman yang diperoleh dari
                                      pemegang saham dan entitas affiliasi./ Not allowed to make repayments and/or settlement of loans
                                      obtained from the shareholder and affiliates.
                                11.   Membuat perjanjian dan transaksi tidak wajar./ Doing unusual transaction.
                                12.   Mengalihkan sebagian atau seluruh hak dan/atau kewajiban SML berdasarkan perjanjian kredit kepada
                                      pihak lain./ Transferring a part of or the entire rights and/or obligations of the Company under credit
                                      agreement entered into with other party.
                                13.   Memberikan pinjaman, kecuali dalam rangka transaksi operasional usaha yang wajar./ Providing loan,
                                      except in the context of a reasonable business operational transaction.
                                14.   Menerima pinjaman dari pihak lain./ Obtaining loans from other parties.
                                15.   Melakukan transaksi leasing dari perusahaan leasing./ Entering into leasing transaction with leasing
                                      company.
                                16.   Mengubah bidang usaha atau membuka usaha baru./ Changing business operation or open new
                                      businesses.
                                17.   Melakukan interfinancing dengan perusahaan afiliasi./ Interfinancing with affiliated company.
                                18.   Membagikan deviden/ Distributing dividends.
                                19.   Menjual atau menyewakan harta kekayaan./ Selling or leasing assets.
                                20.   Mengikatkan diri sebagai penjamin./ Commiting as a guarantor.
                                21.   Mengizinkan pihak lain menggunakan Perusahaan/ Allowing other parties to use the Company.
                                22.   Menggunakan dana pinjaman untuk tujuan di luar usaha yang dibiayai./ Using loan funds for purposes
                                      other than the financed business.
                                23.   Mengubah struktur permodalan, susunan Direksi dan Komisaris, dan pemegang saham./ Changing
                                      capital structure, Board of Directors and Commissioners and Shareholders.
                                24.   Mencadangkan Debt Service Account mengendap sebesar 1 kali kewajiban bunga dan pokok seluruh
                                      fasilitas kredit./ Providing a reserve in the Debt Service Account equivalent to 1 installment of interest
                                      and principal for all credit facilities.
                                25.   Menjaga kondisi keuangan berikut, sebagaimana didefinisikan dalam perjanjian fasilitas/ Shall maintain
                                      the following financial condition, as defined in the facility agreement:
                                        - Rasio lancar periode terkait tidak kurang dari 1,0x/ Current ratio for the related period not less than
                                             1.0x.
                                        - Rasio kewajiban terhadap ekuitas periode terkait tidak lebih dari 2,6x/ Debt to equity ratio for the
                                             related period not more than 2.6x
                                        - Rasio Debt Service Coverage periode terkait tidak kurang dari 1,0x/ Debt Service Coverage ratio for
                                             the related period not less than 1.0x




                                                              111
Page 435
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                  STATEMENTS
             Tanggal 31 Desember 2025                                       As of December 31, 2025
            dan untuk tahun yang berakhir                                    and for year then ended
                pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
               kecuali dinyatakan lain)


22. UTANG BANK (lanjutan)                                        22. BANK LOAN (continued)

   Utang bank jangka panjang (lanjutan)                            Long-term bank loans (continued)

   Pemenuhan Kewajiban oleh Grup atas Seluruh                      Fulfillment of Covenant by the Group for All Bank
   Pinjaman Bank                                                   Loans

   Pada tanggal 31 Desember 2025, 31 Desember                      As of December 31, 2025, December 31, 2024, and
   2024 dan 31 Desember 2023, seluruh ketentuan                    December 31, 2023 the covenants for those bank
   atau pembatasan untuk semua pinjaman bank                       loans above has been fulfilled by the Group except
   tersebut diatas telah dipenuhi oleh Grup kecuali                for the following matters:
   pada hal-hal berikut:

         Pada tanggal 31 Desember 2023, MKM tidak                      As of December 31, 2023, MKM did not comply
          memenuhi persyaratan rasio lancar dan rasio                    with the current ratio and Debt Service
          keuangan Debt Service Coverage Ratio                           Coverage Ratio (DCSR) financial ratio
          (DCSR) yang memberikan hak kepada BNI                          covenant which gives the right to BNI to
          untuk meminta pembayaran sewaktu-waktu                         demand payment at any time prior to their
          sebelum jatuh tempo. Pada bulan Desember                       maturities. In December 2023, MKM has
          2023, MKM telah memperoleh surat waiver dari                   obtained a waiver letter from BNI whereby BNI
          BNI yang menyatakan BNI setuju untuk                           agreed to waive such financial ratio covenant
          mengesampingkan persyaratan atas rasio-                        for the year ended December 31, 2023.
          rasio tersebut untuk tahun yang berakhir pada
          tanggal 31 Desember 2023.

         Pada tanggal 31 Desember 2023, Perusahaan                     As of December 31, 2023, the Company did not
          tidak memenuhi persyaratan Debt to Equity                      comply with the Debt to Equity Ratio,
          Ratio, Consolidated Net Debt to LTM adjusted                   Consolidated Net Debt to LTM adjusted
          EBITDA ratio, dan covenant rasio keuangan                      EBITDA ratio, and DCSR financial ratio
          DCSR yang memberikan hak kepada Sindikasi                      covenant which gives the right to Syndicated
          Bank untuk meminta pembayaran sewaktu-                         banks to demand payment at any time prior to
          waktu sebelum jatuh tempo. Pada bulan                          their maturities. In December 2023, the
          Desember       2023,     Perusahaan      telah                 Company has obtained a waiver letter from
          memperoleh surat waiver dari Sindikasi Bank                    Syndicated banks whereby Syndicated banks
          yang menyatakan Sindikasi Bank setuju untuk                    agreed to waive such financial ratio covenant
          mengesampingkan persyaratan atas rasio-                        for the year ended December 31, 2023.
          rasio tersebut untuk tahun yang berakhir pada
          tanggal 31 Desember 2023.

   Jumlah pembayaran cicilan pokok utang bank jangka                Total installment payment of long-term bank loan
   panjang yang dilakukan pada tahun yang berakhir                  principal made for the year ended December 31,
   pada 31 Desember 2025 dan tahun berakhir pada 31                 2025 and for the year ended December 31, 2024 are
   Desember 2024 adalah sebagai berikut:                            as follows:

                                           31 Desember 2025/ 31 Desember 2024/
                                           December 31, 2025 December 31, 2024

        Pinjaman Sindikasi                    3.222.309.760       431.487.769                           Syndication Loan
        PT Bank Negara Indonesia                                                               PT Bank Negara Indonesia
          (Persero) Tbk. (BNI)                 569.968.625        457.722.462                      (Persero) Tbk. (BNI)
        PT Bank Rakyat Indonesia                                                                PT Bank Rakyat Indonesia
          (Persero) Tbk. (BRI)                  96.000.000         86.000.000                      (Persero) Tbk. (BRI)
        PT Bank Perkreditan Rakyat                                                             PT Bank Perkreditan Rakyat
          Lingga Sejahtera                      15.354.167                    -                       Lingga Sejahtera
        Total                                 3.903.632.552       975.210.231                                        Total




                                                           112
Page 436
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                               STATEMENTS
          Tanggal 31 Desember 2025                                                    As of December 31, 2025
         dan untuk tahun yang berakhir                                                 and for year then ended
             pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
            kecuali dinyatakan lain)


23. LIABILITAS SEWA PEMBIAYAAN                                         23. FINANCE LEASE LIABILITIES

   Liabilitas sewa pembiayaan Grup terdiri dari:                              Finance lease liabilities represents liabilities of the
                                                                              Group as follows:
                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                    31 Desember 2025/    31 Desember 2024/     31 Desember 2023/
                                    December 31, 2025    December 31, 2024     December 31, 2023
      Kendaraan                                                                                                               Vehicles
        PT Chandra Sakti                                                                                            PT Chandra Sakti
          Utama Leasing                    11.196.702            6.254.118                    -                     Utama Leasing
        PT Maybank Finance                          -                    -              399.347                  PT Maybank Finance

      Total                                11.196.702            6.254.118              399.347                                    Total



  Pembayaran sewa minimum masa datang atas                                    Future minimum lease payments under finance
  liabilitas sewa pembiayaan dan nilai kini dari                              leases together with the present value of net
  pembayaran sewa minimum adalah sebagai berikut:                             minimum lease payments are as follows:

                                                                                 1 Januari 2024/
                                                                                January 1, 2024
                                    31 Desember 2025/    31 Desember 2024/     31 Desember 2023/
                                    December 31, 2025    December 31, 2024     December 31, 2023
    Dalam satu tahun                       11.196.702            6.254.118              399.347                           Within one year
    Lebih dari satu tahun tetapi                                                                                   After one year but not
      kurang dari dua tahun                         -                    -                     -                  more than two years

    Jumlah pembayaran sewa minimum         11.196.702            6.254.118              399.347             Total minimum lease payment

    Nilai kini pembayaran sewa minimum     11.196.702            6.254.118              399.347 Present value of minimum lease payments
     Bagian yang jatuh tempo dalam satu
           tahun                          (11.196.702)          (6.254.118)             (399.347)                         Current portion

     Bagian jangka panjang                          -                    -                     -                       Long-term portion



   Di tahun 2025, 2024, dan 2023, liabilitas sewa                             In 2025, 2024, and 2023, the finance leases
   pembiayaan dikenakan bunga 4,72% (2024: 4,72%                              liabilities bear interest at rates 4.72% (2024: 4.72%
   dan 2023: 5,29% sampai dengan 6,76%) per tahun.                            and 2023: 5.29% to 6.76%) per annum. The finance
   Liabilitas sewa pembiayaan dijamin dengan aset                             lease liabilities are secured by the related leased
   yang didanai oleh liabilitas tersebut.                                     assets.

   Dalam perjanjian-perjanjian sewa pembiayaan,                               In the lease agreements, the Group is not allowed to
   Grup tidak diperbolehkan untuk menggunakan                                 use the vehicle for illegal purposes, deliver or bring
   kendaraan untuk maksud yang melawan hukum,                                 the leased assets outside the territory of the
   mengirimkan atau membawa aset sewa ke luar                                 Republic of Indonesia, are obliged to keep the
   wilayah Republik Indonesia, berkewajiban menjaga                           leased assets in good condition and should not allow
   aset sewa pembiayaan dalam kondisi yang baik dan                           for the transfer of assets to another party during the
   tidak memperbolehkan untuk memindahtangankan                               term of the agreements.
   aset sewa pembiayaan ke pihak lain selama masa
   perjanjian sewa pembiayaan.




                                                                113
Page 437
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                        PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                          STATEMENTS
           Tanggal 31 Desember 2025                                               As of December 31, 2025
          dan untuk tahun yang berakhir                                            and for year then ended
              pada tanggal tersebut                                          (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                          unless otherwise stated)
             kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA                                         24. EMPLOYEE BENEFIT LIABILITIES

   Estimasi  liabilitas imbalan    kerja   tanggal                         The estimated employee benefits liabilities as of
   31 Desember 2025, 2024, dan 2023 adalah sebagai                         December 31, 2025, 2024, and 2023 are as
   berikut:                                                                follows:
   Liabilitas imbalan kerja karyawan jangka pendek                         Short-term employee benefits liabilities
                                                                             1 Januari 2024/
                                                                            January 1, 2024
                               31 Desember 2025/   31 Desember 2024/       31 Desember 2023/
                               December 31, 2025   December 31, 2024       December 31, 2023
    Gaji, upah, dan bonus            185.057.085           152.346.201           141.080.008             Salaries, wages, and bonus
    Jamsostek                          7.620.192             6.724.166             6.906.407                              Jamsostek
    Total                            192.677.277           159.070.367           147.986.415                                   Total


   Liabilitas imbalan kerja karyawan jangka panjang                        Long-term employee benefits liabilities

   Grup memberikan imbalan pensiun untuk                                   The Group provides pension benefits for its
   karyawannya yang telah mencapai usia pensiun                            employees who reach the retirement age of 55
   pada umur 55 tahun (2024: 55 tahun dan 2023: 57                         (2024: at the age of 55 and 2023: at the age of 57)
   tahun) sesuai dengan Undang-Undang Cipta                                based on the provisions of Labor Law Job Creation
   Kerja No.6/2023. Liabilitas imbalan kerja jangka                        Law No.6/2023. The long-term employee benefits
   panjang tersebut tidak didanai.                                         liabilities is unfunded.

   Grup mencatat liabilitas imbalan kerja karyawan                         The Group recorded the long-term employee
   jangka panjang berdasarkan hasil perhitungan                            benefit liabilities based on the calculation
   aktuaria yang dilakukan oleh Kantor Konsultan                           performed by Kantor Konsultan Aktuaria Yusi dan
   Aktuaria Yusi dan Rekan, aktuaris independen,                           Rekan, an independent actuary, using the
   dengan menggunakan metode “Projected Unit                               “Projected Unit Credit” method. The primary
   Credit”. Asumsi utama yang digunakan untuk                              actuarial assumptions are as follows:
   perhitungan aktuaris tersebut adalah sebagai
   berikut:
                                                        Disajikan Kembali - Catatan 4/
                                                             As restated - Note 4
                                                                             1 Januari 2024/
                                                                            January 1, 2024
                               31 Desember 2025/   31 Desember 2024/       31 Desember 2023/
                               December 31, 2025   December 31, 2024       December 31, 2023

    Tingkat diskonto                4,81%-7,06%            6,88%-7,13%          6,37%-7,10%                            Discount rate
    Tingkat kenaikan gaji                   10%                    10%                  10%                  Rate of salary increase
    Tingkat pengunduran diri                10%                    10%                  10%                        Resignation rate
    Tingkat mortalitas                   TMI 19                 TMI 19               TMI 19                            Mortality rate
    Usia pension normal                       55                     55                   57                 Normal retirement age

   Mutasi liabilitas imbalan aktuarial di laporan posisi                   The movement of estimated actuarial liabilities in
   keuangan konsolidasian adalah sebagai berikut:                          the consolidated statements of financial position
                                                                           were as follows:
                                                        Disajikan Kembali - Catatan 4/
                                                             As restated - Note 4
                               31 Desember 2025/   31 Desember 2024/       31 Desember 2023/
                               December 31, 2025   December 31, 2024       December 31, 2023
  Beban jasa kini                     59.504.377            43.043.681            40.882.579                    Current service cost
  Beban bunga                         13.236.695            11.369.497            10.866.843                            Interest cost
  Biaya jasa lalu                              -                     -            19.304.858                       Past service cost
  Pengakuan seketika                                                                               Immediate recognition on effect of
     atas mutasi karyawan                 68.492              1.317.477           (1.084.411)            transferred employees
  Total                               72.809.564            55.730.655            69.969.869                                   Total




                                                            114
Page 438
                                                                                   The original consolidated financial statements included herein
                                                                                                                 are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                      PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                        STATEMENTS
          Tanggal 31 Desember 2025                                                             As of December 31, 2025
         dan untuk tahun yang berakhir                                                          and for year then ended
             pada tanggal tersebut                                                        (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                        unless otherwise stated)
            kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                           24. EMPLOYEE BENEFIT LIABILITIES (continued)

   Liabilitas imbalan kerja karyawan jangka panjang                                     Long-term employee benefits liabilities (continued)
   (lanjutan)
                                                                    Disajikan Kembali - Catatan 4/
                                                                         As restated - Note 4
                                     31 Desember 2025/        31 Desember 2024/         31 Desember 2023/
                                     December 31, 2025        December 31, 2024         December 31, 2023
    Saldo awal                              201.981.595               198.297.706              155.732.232                         Beginning Balance
    Saldo dari akuisisi                                                                                                     Balance from acquicition
       entitas anak                           13.333.682                           -                     -                            of subsidiary
    Beban imbalan kerja                       72.809.564                  55.730.655            69.969.869              Employee benefit expenses
    Transfer (keluar)/masuk karyawan                                                                                               Transfer of (out)/in
       ke pihak bereasi                           (21.287)             (1.165.157)               1.162.245           employee to related parties
    Pembayaran selama tahun berjalan          (13.516.459)            (12.015.346)             (18.089.635)                 Payment during the year
    Kerugian/(keuntungan) aktuarial                                                                                    Actuarial loss/(gain) charged
       yang diakui sebagai laba/kerugian                                                                                  to other comprehensive
       komprehensif lainnya:                                                                                                          income/loss:
          - Perubahan asumsi keuangan          13.817.383              (6.825.876)               2.215.844    Changes in financial assumptions -
          - Penyesuaian pengalaman            (11.994.760)            (32.040.387)             (12.692.849)           Experience adjustments -
    Saldo Akhir                             276.409.718               201.981.595              198.297.706                           Ending balance



   Analisa sensitivitas kuantitatif untuk asumsi-asumsi                                 The quantitative sensitivity analysis for significant
   yang signifikan pada tanggal 31 Desember 2025,                                       assumptions as of December 31, 2025, 2024, and
   2024, dan 2023 terhadap nilai kewajiban imbalan                                      2023 to the employee benefit liabilities are as
   kerja adalah sebagai berikut:                                                        follows:

                                       Tingkat diskonto/                         Kenaikan gaji di masa depan/
                                        Discount rates                             Future salary increases
                                                 Pengaruh terhadap                             Pengaruh terhadap
                                                       nilai kini                                   nilai kini
                                                      kewajiban                                    kewajiban
                                                       imbalan                                      imbalan
                                                        kerja/                                        kerja/
                                                      Effect on                                     Effect on
                                                    present value                                present value
                                Persentase/          of benefits                Persentase/        of benefits
                                Percentage           obligations                Percentage        obligations
   31 Desember 2025                                                                                                              December 31, 2025
      Kenaikan                             +1%             (25.800.403)                  +1%           23.168.449                       Increase
      Penurunan                            -1%              29.750.407                   -1%          (20.629.450)                     Decrease

   31 Desember 2024                                                                                                              December 31, 2024
      Kenaikan                             +1%             (22.249.604)                  +1%           19.868.557                       Increase
      Penurunan                            -1%              23.297.562                   -1%          (51.954.303)                     Decrease

   31 Desember 2023                                                                                                              December 31, 2023
      Kenaikan                             +1%             (12.769.623)                  +1%           10.196.209                       Increase
      Penurunan                            -1%              25.350.155                   -1%          (32.158.894)                     Decrease




                                                                          115
Page 439
                                                                        The original consolidated financial statements included herein
                                                                                                      are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                          PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                            STATEMENTS
          Tanggal 31 Desember 2025                                                 As of December 31, 2025
         dan untuk tahun yang berakhir                                              and for year then ended
             pada tanggal tersebut                                            (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                            unless otherwise stated)
            kecuali dinyatakan lain)


24. LIABILITAS IMBALAN KERJA (lanjutan)                                 24. EMPLOYEE BENEFIT LIABILITIES (continued)
   Jadwal jatuh tempo dari liabilitas imbalan pasti pada                     The maturity profile of defined benefits obligation
   tanggal 31 Desember 2025, 2024, dan 2023:                                 as of December 31, 2025, 2024, dan 2023:
                                                           Disajikan Kembali - Catatan 4/
                                                                As restated - Note 4
                                                                              1 Januari 2024/
                                                                             January 1, 2024
                                  31 Desember 2025/   31 Desember 2024/     31 Desember 2023/
                                  December 31, 2025   December 31, 2024     December 31, 2023
   1 tahun                               12.331.351           3.499.828              4.400.394                         Within one year
   2-5 tahun                             64.734.750          61.802.767             39.373.074                               2-5 years
   Lebih dari 5 tahun                 6.267.054.214       2.330.882.978          1.332.492.915                       More than 5 years
    Jumlah                            6.344.120.315       2.396.185.573          1.376.266.383                                  Total


   Durasi rata-rata kewajiban manfaat pasti pada akhir                       The average duration of the defined benefits plan
   periode pelaporan masing-masing adalah 19,55                              obligation at the end of reporting period is 19.55
   (2024: 18,58 dan 2023: 15,77) tahun untuk Grup.                           (2024: 18.58 dan 2023: 15.77) years for the Group.

25. MODAL SAHAM                                                         25. SHARE CAPITAL

   a. Modal ditempatkan dan disetor penuh                                    a. Issued and fully paid shares

      Komposisi kepemilikan saham Perusahaan pada                               The share capital ownership of the Company as
      tanggal 31 Desember 2025, 2024, dan 2023                                  of December 31, 2025, 2024, and 2023 are as
      adalah sebagai berikut:                                                   follows:
      31 Desember 2025                                                                                         December 31, 2025
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership             Jumlah/Total                              Shareholders
      PT Citra Borneo Indah              6.270.247             65,83%            627.024.740                     PT Citra Borneo Indah
      PT Putra Borneo Agro                 965.197             10,13%             96.519.650                     PT Putra Borneo Agro
        Lestari                                                                                                              Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          2.289.556             24,04%            228.955.610          Public (each below 5% ownership)
     Total                               9.525.000               100%            952.500.000                                    Total

      31 Desember 2024                                                                                         December 31, 2024
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership             Jumlah/Total                              Shareholders
      PT Citra Borneo Indah              5.933.727             62,30%            593.372.680                     PT Citra Borneo Indah
      PT Putra Borneo Agro                                                                                       PT Putra Borneo Agro
        Lestari                            767.401              8,05%             76.740.104                                 Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          2.823.872             29,65%            282.387.216          Public (each below 5% ownership)
     Total                               9.525.000               100%            952.500.000                                    Total

      31 Desember 2023                                                                                         December 31, 2023
                                      Jumlah            Persentase
                                      saham/           kepemilikan/
                                     Number of         Percentage of
      Pemegang saham                  shares            ownership             Jumlah/Total                              Shareholders
      PT Citra Borneo Indah              5.833.317             61,24%            583.331.710                     PT Citra Borneo Indah
      PT Putra Borneo Agro                                                                                       PT Putra Borneo Agro
        Lestari                            915.499              9,61%             91.549.930                                  Lestari
      Masyarakat (masing-masing
        dibawah 5% kepemilikan)          2.776.184             29,15%            277.618.360          Public (each below 5% ownership)
     Total                               9.525.000            100,00%            952.500.000                                    Total



                                                             116
Page 440
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                               PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                 STATEMENTS
             Tanggal 31 Desember 2025                                      As of December 31, 2025
            dan untuk tahun yang berakhir                                   and for year then ended
                pada tanggal tersebut                                 (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                 unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                      25. SHARE CAPITAL (continued)

   b.    Dividen                                                   b.   Dividends

         Berdasarkan Akta Notaris Aulia Taufani, S.H.,                  Based on Notarial Deed No. 29 of Aulia Taufani,
         No. 29 mengenai Rapat Umum Pemegang                            S.H., regarding Annual Shareholders General
         Saham Tahunan untuk tahun buku 2022 pada                       Meeting for the 2022 period on May 8, 2023, the
         tanggal 8 Mei 2023, para pemegang saham                        shareholders approved dividend distribution
         menyetujui pembagian dividen sebesar                           amounting to Rp710,985,556 (Rp74.64 per
         Rp710.985.556 (Rp74,64 per saham) yang                         share),   which     has    been    fully  paid
         telah dibagikan seluruhnya pada tanggal 8 Juni                 on June 8, 2023.
         2023.

         Berdasarkan Keputusan Sirkuler sebagai                         Based on Circular Memo in lieu of the Annual
         pengganti Rapat Umum Pemegang Saham                            General Meeting of Shareholder of MMS, a
         Tahunan MMS, entitas anak, tanggal 30 Mei                      subsidiary, dated May 30, 2023 the
         2023, para pemegang saham MMS menyetujui                       shareholders approved dividend distribution to
         pembagian dividen kepada Perusahaan dan                        the Company and PT Mandiri Indah Lestari
         PT Mandiri Indah Lestari masing-masing                         respectively   to    Rp104,050,000        and
         sebesar Rp104.050.000 dan Rp1.040.500.                         Rp1,040,500, which has been fully paid on
         Dividen tersebut telah dibagikan seluruhnya                    May 30, 2023.
         pada tanggal 30 Mei 2023.

         Berdasarkan Akta Notaris Aulia Taufani, S.H.,                  Based on Notarial Deed No. 48 of Aulia
         No. 48 mengenai Rapat Umum Pemegang                            Taufani, S.H. regarding Annual Shareholders
         Saham Tahunan CBUT, entitas anak, untuk                        General Meeting of CBUT, a subsidiary entity,
         tahun buku 2023 pada tanggal 24 April 2024,                    for the 2023 period on April 24, 2024, the
         para pemegang saham menyetujui pembagian                       shareholders approved dividend distribution to
         dividen kepada Grup dan kepentingan non                        the Group and non-controlling interest
         pengendali       masing-masing      sebesar                    respectively amounting to Rp22,560,529 and
         Rp22.560.529 dan Rp6.283.221 (Rp9,23 per                       Rp6,283,221 (Rp9.23 per share), which has
         saham) yang telah dibagikan seluruhnya pada                    been fully paid on May 13, 2024.
         tanggal 13 Mei 2024.

         Berdasarkan Keputusan Sirkuler sebagai                         Based on Circular Memo in lieu of the Annual
         pengganti Rapat Umum Pemegang Saham                            General Meeting of Shareholder of MMS, a
         Tahunan MMS, entitas anak, tanggal                             subsidiary, dated September 9, 2024 the
         9 September 2024, para pemegang saham                          shareholders approved dividend distribution to
         MMS menyetujui pembagian dividen kepada                        the Company and PT Mandiri Indah Lestari
         Perusahaan dan PT Mandiri Indah Lestari                        respectively    to   Rp109,069,812        and
         masing-masing sebesar Rp109.069.812 dan                        Rp1,101,717 which has been fully paid on
         Rp1.101.717. Dividen tersebut telah dibagikan                  September 9, 2024.
         seluruhnya tanggal 9 September 2024.

         Berdasarkan Akta Notaris Aulida Taufani, S.H.,                 Based on Notarial Deed No. 87 of Aulia Taufani,
         No. 87 mengenai Rapat Umum Pemegang                            S.H., regarding the annual General Meeting of
         Saham Tahunan untuk tahun buku 2024 pada                       Shareholders for the 2024 period on April21,
         tanggal 21 April 2025, para pemegang saham                     2025, the shareholders approved dividend
         menyetujui pembagian dividen sebesar                           distribution amounting to Rp449,961,000
         Rp449.961.000 (Rp47,24 per saham) yang                         (Rp47.24 per share), which has been fully paid
         telah dibagikan seluruhnya pada tanggal 14 Mei                 on May 14, 2025.
         2025.




                                                          117
Page 441
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                  STATEMENTS
             Tanggal 31 Desember 2025                                                       As of December 31, 2025
            dan untuk tahun yang berakhir                                                    and for year then ended
                pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                    25. SHARE CAPITAL (continued)

   c.    Manajemen modal                                                            c.   Capital management

         Tujuan utama manajemen modal Grup adalah                                        The primary objective of the Group’s capital
         untuk memastikan Grup menjaga peringkat                                         management is to ensure that it maintains a
         kredit yang kuat dan rasio modal yang sehat                                     strong credit rating and healthy capital ratios in
         dalam rangka mendukung bisnisnya dan                                            order to support its business and maximize
         memaksimalkan nilai bagi pemegang saham.                                        shareholder value.

         Perusahaan disyaratkan untuk memelihara                                         The Company is required under its loan
         tingkat permodalan tertentu oleh perjanjian                                     agreements to maintain certain level of share
         pinjaman (Catatan 22). Perusahaan telah                                         capital (Note 22). The Company has complied
         memenuhi persyaratan tersebut. Selain itu,                                      with this requirement. In addition, the Group is
         Perusahaan juga dipersyaratkan oleh Undang-                                     also required by the Law No. 40 Year 2007
         Undang No. 40 tahun 2007 tentang Perseroan                                      regarding Limited Liability Entities, to allocate
         Terbatas, untuk mengalokasikan sampai                                           and maintain a non-distributable reserve fund
         dengan 20% dari modal saham ditempatkan dan                                     until the reserve reach at least 20% of the
         disetor penuh ke dalam dana cadangan yang                                       issued and fully paid share capital.
         tidak boleh didistribusikan.

                                                                    Disajikan Kembali - Catatan 4/
                                                                         As restated - Note 4
                                                                                       1 Januari 2024/
                                                                                      January 1, 2024
                                        31 Desember 2025/      31 Desember 2024/     31 Desember 2023/
                                        December 31, 2025      December 31, 2024     December 31, 2023
          Jumlah liabilitas                  10.642.512.002        8.986.349.964         9.947.700.957                          Total liabilities
          Dikurangi:                                                                                                                      Less:
          Utang lain-lain - pihak berelasi      (86.023.482)         (41.910.784)         (36.733.613)         Other payables - related parties
          Jumlah liabilitas, neto            10.556.488.520        8.944.439.180         9.910.967.344                      Total liabilities, net

          Net worth:                                                                                                                 Net worth:
          - Modal disetor                       952.500.000          952.500.000           952.500.000                         Paid-up capital -
          - Saldo laba                        4.848.233.049        4.139.123.091         3.319.589.415                     Retained earnings -
          - Utang lain-lain                                                                                                   Other payables -
              pihak berelasi                    86.023.482            41.910.784            36.733.613                      related parties
          Jumlah net worth                    5.886.756.531        5.133.533.875         4.308.823.028                          Total net worth
          Leverage ratio (%)                         179%                   174%                 230%                      Leverage ratio (%)



   d. Penyisihan saldo laba                                                         d.   Appropriation of retained earnings

         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                    Based on Notarial Deed No. 87 of Aulia
         MH. M.Kn, No. 87 mengenai Rapat Umum                                            Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                         Shareholders General Meeting for the
         2024 pada tanggal 21 April 2025, para                                           2024 period on April 21, 2025, the shareholders
         pemegang saham menyetujui penyisihan saldo                                      approved the appropriation of retained
         laba sebesar Rp369.533.675 sebagai dana                                         earnings to general reserve amounting
         cadangan umum                                                                   Rp369,533,675

         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                    Based on Notarial Deed No. 61 of Aulia
         MH. M.Kn, No. 61 mengenai Rapat Umum                                            Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                         Shareholders General Meeting for the
         2023 pada tanggal 25 April 2024, para                                           2023 period on April 25, 2024, the shareholders
         pemegang saham menyetujui penyisihan saldo                                      approved the appropriation of retained
         laba sebesar Rp518.314.064 sebagai dana                                         earnings to general reserve amounting
         cadangan umum                                                                   Rp518,314,064



                                                                      118
Page 442
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                STATEMENTS
             Tanggal 31 Desember 2025                                                     As of December 31, 2025
            dan untuk tahun yang berakhir                                                  and for year then ended
                pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                 25. SHARE CAPITAL (continued)

   d.    Penyisihan saldo laba (lanjutan)                                         d.   Appropriation       of      retained          earnings
                                                                                       (continued)

         Berdasarkan Akta Notaris Aulia Taufani, S.H.                                  Based on Notarial Deed No. 29 of Aulia
         MH. M.Kn, No. 29 mengenai Rapat Umum                                          Taufani, S.H. MH. M.Kn., regarding Annual
         Pemegang Saham Tahunan untuk tahun buku                                       Shareholders General Meeting for the
         2022 pada tanggal 8 Mei 2023, para pemegang                                   2022 period on May 8, 2023, the shareholders
         saham menyetujui penyisihan saldo laba                                        approved the appropriation of retained
         sebesar Rp369.623.796 sebagai dana                                            earnings to general reserve amounting
         cadangan umum.                                                                Rp369,623,796.

   e.    Kepentingan non-pengendali                                               e.   Non-controlling interest

         Kepentingan non-pengendali atas aset,                                         Non-controlling interest in net assets, net.
         neto.

                                                                                     1 Januari 2024/
                                                                                    January 1, 2024
                                       31 Desember 2025/    31 Desember 2024/      31 Desember 2023/
                                       December 31, 2025    December 31, 2024      December 31, 2023
          PT Citra Borneo Utama Tbk.         241.859.720           211.148.310           196.579.004            PT Citra Borneo Utama Tbk.
          PT Kalimantan Sawit Abadi           46.110.143            36.987.625            29.602.777             PT Kalimantan Sawit Abadi
          PT Mitra Mendawai Sejati            16.726.362            14.742.835            13.172.969              PT Mitra Mendawai Sejati
          PT Sawit Mandiri Lestari           359.042.880                     -                     -               PT Sawit Mandiri Lestari

          Total                              663.739.105           262.878.770           239.354.750                                     Total



         Kepentingan non-pengendali                 atas    laba                       Non-controlling interest in comprehensive
         komprehesif tahun berjalan.                                                   income for the year.

                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2025                  2024                   2023
          PT Citra Borneo Utama Tbk.          30.813.467            20.852.527                     -            PT Citra Borneo Utama Tbk.
          PT Kalimantan Sawit abadi            9.122.517             7.384.850             4.275.690             PT Kalimantan Sawit Abadi
          PT Mitra Mendawai Sejati             4.185.538             2.671.580             1.308.828              PT Mitra Mendawai Sejati
          PT Sawit Mandiri Lestari             5.490.926                     -                     -               PT Sawit Mandiri Lestari
          Total                               49.612.448            30.908.957             5.584.518                                     Total

          Ringkasan laporan posisi keuangan                                               Summary of statement of financial position
                                                                                     1 Januari 2024/
                                                                                    January 1, 2024
                                       31 Desember 2025/    31 Desember 2024/      31 Desember 2023/
                                       December 31, 2025    December 31, 2024      December 31, 2023
          Aset lancar                      2.811.838.803         3.591.724.482          3.925.962.970                        Current assets
          Aset tidak lancar                1.305.974.532           608.598.087            410.233.275                    Non-current assets
          Liabilitas jangka pendek        (2.286.657.288)       (2.547.153.163)        (2.659.657.732)                     Current liabilities
          Liabilitas jangka panjang         (720.537.682)         (683.868.099)          (774.119.440)                  Non-current liabilities

          Total Ekuitas                    1.110.618.365           969.301.307           902.419.073                              Total Equity


          Dapat diatribusikan kepada
            kepentingan                                                                                         Attributable to non-controlling
            non-pengendali                   241.859.720           211.148.310           196.579.004                               interests




                                                                    119
Page 443
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                               STATEMENTS
             Tanggal 31 Desember 2025                                                    As of December 31, 2025
            dan untuk tahun yang berakhir                                                 and for year then ended
                pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                25. SHARE CAPITAL (continued)

   e.    Kepentingan non-pengendali (lanjutan)                                   e.     Non-controlling interest (continued)

          Ringkasan informasi keuangan dari CBUT,                                      The summary of financial information of CBUT,
          entitas anak, tersebut disajikan berikut ini,                                a subsidiary entity, is provided below, based on
          berdasarkan jumlah sebelum eliminasi antar-                                  amounts before inter-company eliminations:
          perusahaan:

          Ringkasan laporan laba rugi dan penghasilan                                  Summary of statement of profit or loss and other
          komprehensif lain                                                            comprehensive income

                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2025                2024                     2023
          Pendapatan dari kontrak                                                                                    Revenue from contracts
            dengan pelanggan              13.970.811.413        9.766.107.502          10.319.437.441                    with customers
          Laba tahun berjalan                106.175.237           68.186.097             144.244.510                     Profit for the year
          Penghasilan komprehensif
            lain tahun berjalan setelah                                                                        Other comprehensive income
            pajak                            35.141.821            27.539.887            (11.345.169)             for the year, net of tax
          Total penghasilan
            komprehensif tahun                                                                                Total comprehensive income
            berjalan                        141.317.058            95.725.984            132.899.341                         for the years

          Laba tahun berjalan/total
            penghasilan komprehensif                                                                                   Profit for the year/total
            tahun berjalan - yang dapat                                                                           comprehensive income
            diatribusikan kepada                                                                                 for the year - attributable
            kepentingan non-pengendali       30.813.467            20.852.527                       -           to non-controlling interest

         Ringkasan laporan arus kas                                                                 Summary of statement of cash flows
                                                        Untuk tahun yang berakhir
                                                       pada Tanggal 31 Desember/
                                                    For the years ended December 31,
                                             2025                2024                     2023
          Kas neto yang (digunakan)                                                                                       Net cash (used in)/
            untuk)/diperoleh dari                                                                                              provided by
            aktivitas operasi               395.712.428          (246.256.696)           (520.174.000)                    operating activities
          Kas neto yang diperoleh                                                                                     Net cash provided by/
            dari/(digunakan untuk)                                                                                                (used in)
            aktivitas investasi             529.490.886           534.331.288            (322.558.000)                 investing activities
          Kas neto yang (digunakan                                                                                        Net cash (used in)/
            untuk)/diperoleh dari                                                                                             provided by
            aktivitas pendanaan             (874.550.482)        (358.901.428)           106.171.000                   financing activities




                                                                   120
Page 444
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                STATEMENTS
             Tanggal 31 Desember 2025                                                     As of December 31, 2025
            dan untuk tahun yang berakhir                                                  and for year then ended
                pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
               kecuali dinyatakan lain)


25. MODAL SAHAM (lanjutan)                                                 25. SHARE CAPITAL (continued)

   e.    Kepentingan non-pengendali (lanjutan)                                    e.   Non-controlling interest (continued)

          Ringkasan informasi keuangan dari SML,                                       The summary of financial information of SML, a
          entitas anak, tersebut disajikan berikut ini,                                subsidiary entity, is provided below, based on
          berdasarkan jumlah sebelum eliminasi antar-                                  amounts before inter-company eliminations:
          perusahaan:

          Ringkasan laporan laba rugi dan penghasilan                                  Summary of statement of profit or loss and other
          komprehensif lain                                                            comprehensive income

                                                       Untuk tahun yang berakhir
                                                      pada Tanggal 31 Desember/
                                                   For the years ended December 31,
                                            2025                2024                     2023
          Pendapatan dari kontrak                                                                                   Revenue from contracts
            dengan pelanggan              1.825.302.932        1.168.653.845           1.268.334.832                    with customers
          Laba tahun berjalan               463.273.159          237.818.176             203.747.856                     Profit for the year
          Penghasilan komprehensif
            lain tahun berjalan setelah                                                                       Other comprehensive income
            pajak                             1.355.734                (52.130)                 11.765           for the year, net of tax
          Total penghasilan
            komprehensif tahun                                                                               Total comprehensive income
            berjalan                        464.628.893          237.766.046             203.759.621                        for the years

          Laba tahun berjalan/total
            penghasilan komprehensif                                                                                  Profit for the year/total
            tahun berjalan - yang dapat                                                                          comprehensive income
            diatribusikan kepada                                                                                for the year - attributable
            kepentingan non-pengendali        5.490.926                      -                       -         to non-controlling interest

         Ringkasan laporan arus kas                                                    Summary of statement of cash flows
                                                       Untuk tahun yang berakhir
                                                      pada Tanggal 31 Desember/
                                                   For the years ended December 31,
                                            2025                2024                     2023
          Kas neto yang diperoleh dari                                                                                Net cash provided by
            aktivitas operasi             1.601.832.011           71.267.539              80.174.023                     operating activities
          Kas neto yang digunakan                                                                                    Net cash provided by/
            (untuk)                                                                                                             (used in)
            aktivitas investasi           (1.549.662.116)         (19.238.902)          (200.223.643)                 investing activities
          Kas neto yang (digunakan                                                                                       Net cash (used in)/
            untuk)/diperoleh dari                                                                                            provided by
            aktivitas pendanaan              15.568.287           (54.648.231)            10.886.992                  financing activities




                                                                  121
Page 445
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                  STATEMENTS
         Tanggal 31 Desember 2025                                                       As of December 31, 2025
        dan untuk tahun yang berakhir                                                    and for year then ended
            pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
           kecuali dinyatakan lain)


26. TAMBAHAN MODAL DISETOR                                               26. ADDITIONAL PAID-IN CAPITAL

                                                                                   1 Januari 2024/
                                                                                  January 1, 2024
                                   31 Desember 2025/      31 Desember 2024/      31 Desember 2023/
                                   December 31, 2025      December 31, 2024      December 31, 2023
      Kelebihan penerimaan                                                                                                     Excess proceeds
        diatas nilai                                                                                                           from issuance
        nominal saham                     855.000.000           855.000.000            855.000.000                  of share capital par value
        Biaya emisi saham                 (36.439.885)          (36.439.885)           (36.439.885)                 Share issuance costs
                                          818.560.115           818.560.115            818.560.115


      Selisih nilai kombinasi bisnis                                                                               combination between entities
        entitas sepengendali                                                                                           under common control
        dari akuisisi entitas anak:                                                                                        of the subsidiaries:
        - PT Mitra Mendawai Sejati          12.169.385            12.169.385             12.169.385               PT Mitra Mendawai Sejati -
        - PT Kalimantan Sawit Abadi          5.214.187             5.214.187              5.214.187              PT Kalimantan Sawit Abadi -
        - PT Ahmad Saleh Perkasa              (589.393)             (589.393)             (589.393)               PT Ahmad Saleh Perkasa -
        - PT Sawit Mandiri Lestari      (1.085.238.074)             (613.124)             (613.124)                PT Sawit Mandiri Lestari -
        - PT Tanjung Sawit Abadi          (101.815.579)         (101.815.579)         (101.815.579)                 PT Tanjung Sawit Abadi -
        - PT Sawit Multi Utama            (192.006.420)         (192.006.420)         (192.006.420)                    PT Sawit Multi Utama -
        - PT Citra Borneo Utama Tbk.    (3.392.969.514)       (3.392.969.514)       (3.392.969.514)             PT Citra Borneo Utama Tbk. -
                                        (4.755.235.408)       (3.670.610.458)       (3.670.610.458)

      Total                             (3.936.675.293)       (2.852.050.343)       (2.852.050.343)                                      Total



   Biaya-biaya yang terkait dengan penerbitan saham                             The costs related to the issuance of the new shares
   baru sehubungan dengan Penawaran Umum                                        in respect to the Initial Public Offering comprised of
   Saham Perdana terdiri dari imbalan jasa                                      professional fees paid to underwriters, accountants,
   profesional yang dibayarkan kepada penjamin                                  legal adviser, financial advisers, appraiser and the
   emisi, akuntan, penasihat hukum, penasihat                                   share register and costs directly related to Initial
   keuangan, penilai dan Biro Administrasi Efek serta                           Public Offering process.
   biaya-biaya yang berkaitan langsung dengan
   proses Penawaran Umum Saham Perdana.


27. SELISIH TRANSAKSI DENGAN PIHAK NON-                                 27. DIFFERENCE IN TRANSACTIONS WITH NON-
    PENGENDALI                                                              CONTROLLING PARTIES

   Selisih transaksi dengan pihak non-pengendali                                Difference in transactions with non-controlling party
   merupakan selisih atas peningkatan persentase                                represents difference on increase in the Company’s
   kepemilikan saham Perusahaan di PT Kalimantan                                percentage ownership at PT Kalimantan Sawit
   Sawit Abadi dan PT Mitra Mendawai Sejati.                                    Abadi and PT Mitra Mendawai Sejati.

                                                                                           Selisih transaksi
                                    Penyesuaian                                             dengan pihak
                                     kepentingan                                            non-pengendali/
                                    non-pengendali/ Imbalan yang          Setoran              Difference
                                    Adjustment of     dialihkan/          modal/            transactions with
                                   non-controlling Consideration          Capital           non-controlling
                                       interest      transferred        contribution            parties

   31 Desember 2023                    632.986.103        28.962.500    514.910.000           89.113.603                 December 31, 2023

   PT Mitra Mendawai Sejati                        -               -                   -                 -            PT Mitra Mendawai Sejati
   PT Kalimantan Sawit Abadi                       -               -                   -                 -           PT Kalimantan Sawit Abadi

   31 Desember 2024                    632.986.103        28.962.500    514.910.000           89.113.603                 December 31, 2024

   PT Mitra Mendawai Sejati                        -               -                   -                 -            PT Mitra Mendawai Sejati
   PT Kalimantan Sawit Abadi                       -               -                   -                 -           PT Kalimantan Sawit Abadi

   31 Desember 2025                    632.986.103        28.962.500    514.910.000           89.113.603                 December 31, 2025




                                                                 122
Page 446
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                STATEMENTS
         Tanggal 31 Desember 2025                                                     As of December 31, 2025
        dan untuk tahun yang berakhir                                                  and for year then ended
            pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
           kecuali dinyatakan lain)


28. PENDAPATAN             DARI   KONTRAK           DENGAN              28. REVENUE   FROM                    CONTRACTS              WITH
    PELANGGAN                                                               CUSTOMERS

   Penjualan neto berdasarkan jenis produk adalah                             Net sales by products were as follows:
   sebagai berikut:

                                                   Untuk tahun yang berakhir pada
                                                        Tanggal 31 Desember/
                                                  For the years ended December 31,
                                                                            2024
                                                                     (Disajikan kembali -
                                                                        Catatan 4)/
                                                                       (As restated -
                                                       2025               Note 4)
   Pihak berelasi:                                                                                                      Pihak berelasi:
   Palm olein                                      3.157.539.213          2.754.292.678                                       Palm olein
   Minyak kelapa sawit                               480.689.481          3.198.176.224                                   Crude palm oil
   Palm stearin                                      173.570.743                      -                                     Palm stearin
   Asam lemak distilat                               135.005.745            207.171.885                          Palm fatty acid distillate
   Tandan buah segar                                  51.512.455                      -                              Fresh fruit bunches
   Inti sawit                                         17.511.115                      -                                      Palm kernel
   Refine, Bleched and Deodorized                                                                       Refine, Bleched and Deodorized
      Palm oil (RBDPO)                                           -          196.685.011                            Palm Oil (RBDPO)

                                                   4.015.828.752          6.356.325.798
   Pihak ketiga:                                                                                                          Third parties:
   Palm olein                                      4.693.505.936          1.480.090.534                                       Palm olein
   Minyak kelapa sawit                             2.608.184.929            704.260.225                                   Crude palm oil
   Palm stearin                                    1.493.662.063            861.487.084                                     Palm stearin
   Minyak inti sawit                               1.207.773.688            775.360.535                            Crude palm kernel oil
   Inti sawit                                        303.256.516             10.850.000                                      Palm kernel
   Refined, bleached and deodorized                                                                   Refined, bleached and deodorized
      palm oil (RBDPO)                               164.158.816            106.757.657                            palm oil (RBDPO)
   Kemasan                                           127.977.261             30.099.161                                       Pillowpack
   Asam lemak distilat                               118.541.889                      -                          Palm fatty acid distillate
   PKE                                                80.280.943             41.568.441                                              PKE

                                                  10.797.342.041          4.010.473.637

   Total                                          14.813.170.793         10.366.799.435                                              Total


   Rincian pelanggan dengan nilai pendapatan                                 The details of customers which represent more
   melebihi 10% dari jumlah pendapatan usaha                                 than 10% of the total revenues are as follows:
   adalah sebagai berikut:

                                             Jumlah/                   Persentase dari jumlah penjualan/
                                              Total                        Percentage of total sales

                                     2025               2024               2025               2024

   Pihak berelasi:                                                                                                           Related party:
   Borneo Agri-Resources                                                                                             Borneo Agri-Resources
      International Pte. Ltd.     3.815.204.163      6.305.994.337                26%                61%           International Pte. Ltd.

   Pihak Ketiga:                                                                                                            Third parties:
   Olam Global Agri Pte Ltd       4.700.915.054        796.738.205                32%                8%            Olam Global Agri Pte Ltd
   Eco Commodity Pte Ltd          1.653.904.263        343.568.077                11%                3%             Eco Commodity Pte Ltd




                                                                 123
Page 447
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                STATEMENTS
         Tanggal 31 Desember 2025                                                     As of December 31, 2025
        dan untuk tahun yang berakhir                                                  and for year then ended
            pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
           kecuali dinyatakan lain)


29. BEBAN POKOK PENJUALAN                                                29. COST OF SALES

                                                 Untuk tahun yang berakhir pada
                                                      Tanggal 31 Desember/
                                                For the years ended December 31,

                                                                            2024
                                                                     (Disajikan kembali -
                                                                        Catatan 4)/
                                                                       (As restated -
                                                     2025                 Note 4)
   Pembelian bahan baku                          6.189.111.325            4.398.822.436                      Purchases of raw materials
   Pemupukan dan perawatan                         894.788.948              716.555.869                       Fertilizer and maintenance
   Biaya tenaga kerja                              767.112.205              634.925.148                                        Labor costs
   Biaya overhead                                  597.322.320              320.088.790                                   Overhead costs
   Biaya pabrikasi                                 282.927.226              239.896.516                                       Milling costs
   Biaya tranportasi                               264.465.080              177.816.533                               Transportation cost
   Beban penyusutan aset tetap                                                                              Depreciation of fixed assets
     (Catatan 12b)                                 257.307.478              227.678.882                                     (Note 12b)
   Biaya panen                                     172.429.488              155.295.349                                  Harvesting costs
   Amortisasi tanaman menghasilkan                                                                             Amortization of mature oil
     (Catatan 12a)                                 118.230.555              154.125.762                   palm plantation (Note 12a)
   Biaya amortisasi aset hak guna                                                                      Amortization of right of use assets
     (Catatan 13)                                     8.956.521                6.656.965                                      (Note 13)

   Biaya produksi                                9.552.651.146            7.031.862.250                                Cost of production

   Ditambah: Minyak kelapa sawit, inti                                                             Add: Crude palm oil, palm kernel and,
      sawit dan minyak inti sawit                                                                                crude palm kernel oil
      di awal tahun                                622.521.972              635.754.575                   at the beginning of the year
   Ditambah: Pembelian minyak kelapa                                                                    Add: Purchase of crude palm oil,
      sawit, inti sawit dan                                                                                    palm kernel and crude
      minyak inti sawit                            176.759.432               43.126.912                                 palm kernel oil
   Dikurangi: Minyak kelapa sawit, inti                                                               Less: Crude palm oil, palm kernel,
      sawit, dan minyak inti sawit                                                                          and crude palm kernel oil
      di akhir tahun                              (713.687.034)            (622.521.972)                         at the end of the year

   Total                                         9.638.245.516            7.088.221.765                                              Total


   Pada tahun yang berakhir 31 Desember 2025 dan                               During the years ended December 31, 2025 and
   2024, pembelian Grup kepada pemasok yang                                    2024, the Group’s purchase to vendors that exceed
   melebihi 10% dari jumlah penjualan adalah sebagai                           10% of total sales were as follows:
   berikut:
                                          Untuk tahun yang Berakhir pada Tanggal 31 Desember/
                                                   For the year Ended December 31,

                                   2025                2024                2025                 2024
   Pihak Ketiga:                                                                                                               Third Party:
   PT Multi Usaha Abadi         2.126.418.968        701.932.010               14,35%              6,77%              PT Multi Usaha Abadi




                                                                 124
Page 448
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                   STATEMENTS
         Tanggal 31 Desember 2025                                        As of December 31, 2025
        dan untuk tahun yang berakhir                                     and for year then ended
            pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
           kecuali dinyatakan lain)


30. BEBAN/PENDAPATAN                                         30. EXPENSES/INCOME

   Beban/pendapatan untuk tahun yang berakhir pada               Expenses/income    for   the    years    ended
   tanggal 31 Desember 2025 dan 2024 adalah                      December 31, 2025 and 2024 were as follows:
   sebagai berikut:

                                          Untuk tahun yang berakhir pada
                                               Tanggal 31 Desember/
                                         For the years ended December 31,

                                                                 2024
                                                          (Disajikan kembali -
                                                             Catatan 4)/
                                                            (As restated -
                                             2025              Note 4)
   Beban penjualan                                                                                      Selling expenses
   Pajak ekspor dan cukai                 1.463.353.293        904.991.243                             Export tax and levy
   Klaim kualitas                               253.067                  -                                    Quality claim

   Total                                  1.463.606.360        904.991.243                                           Total


   Beban umum dan administrasi                                                    General and administrative expenses
   Gaji, upah, dan kompensasi karyawan      487.355.745        287.250.284                   Salaries, wages, and bonus
   Sewa                                     122.743.082        160.959.129                                           Rent
   Imbalan kerja (Catatan 24)                72.809.564         55.730.655                  Employee benefits (Note 24)
   Pemeliharaan                              44.767.992         38.060.487                                  Maintenance
   Jasa profesional                          43.155.437         20.596.637                              Professional fees
   Penyusutan (Catatan 12b)                  42.105.103         38.931.165                      Depreciation (Note 12b)
   Tanggung jawab sosial perusahaan          39.854.485         23.820.977                 Corporate social responsibility
   Perjalanan dinas                          37.485.922         16.992.433                                Business travel
   Pajak bangunan, kendaraan                                                                                Property and
     dan lainnya                             34.150.223          48.071.824                    vehicle tax and others
   Depresiasi aset hak guna                                                           Depreciation of right of use assets
     (Catatan 13)                            28.078.461         18.221.737                                   (Note 13)
   Denda Pajak                               27.362.324            168.336                                    Tax Penalty
   Kantor                                    21.809.697          8.860.033                                          Office
   Asuransi dan perizinan                    19.387.120        165.067.903                        Insurance and permits
   Pengobatan karyawan                       18.482.574         10.839.017                       Employee medical care
   Telepon, air, dan listrik                 17.375.344         13.461.047              Telephone, water, and electricity
   Transportasi                              13.698.386          8.843.506                                 Transportation
   Sumbangan dan perayaan                    13.521.191          8.273.759                    Donations and ceremonies
   Pelatihan dan rekrutmen                    7.119.209          9.707.918                      Training and recruitment
   Keamanan                                   6.507.193          5.127.276                                       Security
   Promosi                                    5.975.990          1.844.344                                     Promotion
   Amortisasi aset tak berwujud                                                         Amortization of intangible assets
     (Catatan 14)                             2.786.418           2.690.756                                  (Note 14)
   Lain-lain (jumlah masing-masing                                                                    Others (individually
     kurang dari Rp2.000.000)                 4.657.616           2.807.338                 each below Rp2,000,000)

   Total                                  1.111.189.076        946.326.561                                           Total




                                                      125
Page 449
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                      STATEMENTS
          Tanggal 31 Desember 2025                                           As of December 31, 2025
         dan untuk tahun yang berakhir                                        and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


30. BEBAN/PENDAPATAN (lanjutan)                                  30. EXPENSES/INCOME (continued)

   Beban/pendapatan untuk tahun yang berakhir pada                   Expenses/income   for  the  years    ended
   tanggal 31 Desember 2025 dan 2024 adalah                          December 31, 2025 and 2024 were as follows:
   sebagai berikut: (lanjutan)                                       (continued)

                                             Untuk tahun yang berakhir pada
                                                  Tanggal 31 Desember/
                                            For the years ended December 31,

                                                                     2024
                                                              (Disajikan kembali -
                                                                 Catatan 4)/
                                                                (As restated -
                                                2025               Note 4)
    Pendapatan lain-lain                                                                                          Other income
    Penjualan cangkang, fiber,                                                                           Sales of nutshell, fibre,
      dan bungkil                               51.446.611           57.517.673                             and palm oil cake
    (Penyisihan)/pembalikan atas                                                                        (Allowance)/reversal for
      penurunan                                                                                                   declining in
      nilai persediaan (Catatan 8)              (4.148.242)          65.408.808                 value of inventories (Note 8)
    (Penyisihan)/pembalikan atas                                                                            (Allowance)/reversal
      penurunan nilai                                                                                for declining in value of
      piutang plasma (Catatan 16)               (6.716.961)           9.518.926                plasma receivables (Note 16)
    Pemulihan/(penyisihan) atas penurunan                                                   Reversal/(allowance) for declining
      nilai piutang usaha - pihak ketiga                                         in value of trade receivables - third parties
      (Catatan 6)                                1.335.137           (1.838.828)                                      (Note 6)
    Penyisihan atas penurunan nilai                                                                 Allowance for impairment of
      piutang lain-lain - pihak ketiga                                                      other receivables - third parties
      (Catatan 7)                              (31.631.650)                   -                   trade receivables (Note 7)
    Rugi selisih kurs, neto                    (10.870.042)         (59.283.482)                  Foreign exchange losses, net
    Pendapatan lainnya, neto                    59.116.541           58.386.539                               Other income, net

    Total                                       58.531.394         129.709.636                                              Total



31. PENDAPATAN/BEBAN KEUANGAN                                    31. FINANCE INCOME/COSTS

   Pendapatan/beban keuangan untuk tahun yang                         Finance income/costs for the years ended
   berakhir pada tanggal 31 Desember 2025 dan 2024                    December 31, 2025 and 2024 were as follows:
   adalah sebagai berikut:

                                             Untuk tahun yang berakhir pada
                                                  Tanggal 31 Desember/
                                            For the years ended December 31,

                                                2025                2024
    Pendapatan Keuangan                                                                                         Finance income
    Pendapatan bunga dari                                                                                   Interest income from
      pihak berelasi                            74.260.154           56.677.059                                 related parites
    Pendapatan bunga deposito                   13.475.718                    -                          Interest on time deposit
    Pendapatan bunga bank                        8.432.702           51.933.605                       Interest income from bank

    Total                                       96.168.574         108.610.664                                              Total




                                                         126
Page 450
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                  STATEMENTS
          Tanggal 31 Desember 2025                                                       As of December 31, 2025
         dan untuk tahun yang berakhir                                                    and for year then ended
             pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
            kecuali dinyatakan lain)


31. PENDAPATAN/BEBAN KEUANGAN (lanjutan)                                   31. FINANCE INCOME/COSTS (continued)

                                                    Untuk tahun yang berakhir pada
                                                         Tanggal 31 Desember/
                                                   For the years ended December 31,

                                                                               2024
                                                                        (Disajikan kembali -
                                                                           Catatan 4)/
                                                                          (As restated -
                                                          2025               Note 4)
    Beban Keuangan                                                                                                        Finance costs
    Bunga pinjaman bank                               581.506.986            556.048.412                              Bank loan interest
    Laba selisih kurs, neto                            78.255.156             23.151.519                    Foreign exchange gains, net
    Biaya provisi bank                                 15.887.701              3.836.670                           Provision fee for bank
    Bunga sewa pembiayaan                              10.644.421             13.522.176                          Finance lease interest
    Bunga pinjaman pihak berelasi                       4.027.114                      -                  Interest expense related party
    Biaya administrasi bank                             1.465.231              9.291.525                     Administration fee for bank
    Biaya amortisasi nilai wajar                                                                          Amortization cost of fair value
      utang lain-lain (Catatan 18)                                 -             14.342.982                 other payables (Note 18)

    Total                                             691.786.609            620.193.284                                                Total



32. LABA PER SAHAM                                                         32. EARNINGS PER SHARE
   Laba per saham dihitung dengan membagi laba                                    Earnings per share is computed by dividing profit
   tahun berjalan yang dapat diatribusikan kepada                                 for the year attributable to the owners of the parent
   pemilik entitas induk dengan rata-rata tertimbang                              entity by the weighted average number of shares
   jumlah saham biasa yang beredar pada tahun                                     outstanding during the year.
   bersangkutan.

   Rincian perhitungan laba per saham dasar adalah                                The details of earnings per share computation are
   sebagai berikut:                                                               as follows:

                                        Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                  For the years ended December 31,

                                          2025                   2024                   2023

   Laba tahun berjalan yang                                                                                                 Profit for the year
     dapat diatribusikan kepada                                                                                  attributable to the equity
     pemilik entitas induk              1.160.696.736             819.533.676           482.613.785        holders of the parent company
   Rata-rata tertimbang jumlah saham                                                                   Weighted average number of ordinary
     Biasa untuk menentukan laba neto                                                                           shares for basic earnings
     per saham (lembar saham)           9.525.000.000            9.525.000.000        9.525.000.000         per share (number of shares)
   Laba tahun berjalan per saham                                                                                    Basic earnings per share
     dasar (angka penuh)                         121,86                  86,04                 50,67           for the year (full amounts)




                                                                   127
Page 451
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                STATEMENTS
         Tanggal 31 Desember 2025                                                     As of December 31, 2025
        dan untuk tahun yang berakhir                                                  and for year then ended
            pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
           kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                   DENGAN PIHAK                   33. RELATED   PARTIES                 BALANCES              AND
    BERELASI                                                                 TRANSACTIONS

  Dalam kegiatan usaha normal, Grup mengadakan                                 In its regular conduct of business, the Group enters
  transaksi penjualan, pembelian, dan transaksi                               into transactions with related parties involving sales,
  keuangan lainnya dengan pihak berelasi, yang                                purchases, and other financial transactions under
  dilakukan dengan syarat dan kondisi yang                                    terms and conditions agreed by those parties.The
  disepakati oleh para pihak. Saldo dan transaksi                             significant balances and transactions with related
  yang signifikan dengan pihak-pihak berelasi adalah                          parties are as follows:
  sebagai berikut:

  a. Piutang usaha, lain-lain, aset tidak lancar                              a. Trade receivables, other receivables, other
     lainnya dan pinjaman kepada pihak berelasi                                  non-current asset and loan to related parties

                                                               Disajikan kembali - Catatan 4/
                                                                    As restated - Note 4

                                      31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                      December 31, 2025   December 31, 2024    December 31, 2023
     Piutang usaha - lancar                                                                                   Trade receivables - current
     - dalam Rupiah                                                                                                          - in Rupiah
     Entitas induk                                                                                                         Parent entity
        PT Citra Borneo Indah               666.305.090         368.280.504           262.134.807              PT Citra Borneo Indah

     Entitas sepengendali                                                                                  Entities under common control
       PT Citra Borneo Global Feeds          51.880.295          55.266.578                     -        PT Citra Borneo Global Feeds
       PT Borneo Sawit Gemilang              13.621.668                   -                     -          PT Borneo Sawit Gemilang
     Piutang usaha - lancar                                                                                   Trade receivables - current
     - dalam Dolar AS                                                                                                       - in US Dollar
     Pihak berelasi lainnya                                                                                          Other related parties
        Borneo Agri Resources                                                                                  Borneo Agri Resources
           International Pte. Ltd.           50.526.020           7.179.320           289.016.813            International Pte. Ltd.
     Total                                  782.333.073         430.726.402           551.151.620                                   Total



     Piutang lain-lain - lancar                                                                              Other receivables - current
     - dalam Rupiah                                                                                                          - in Rupiah
     Entitas induk                                                                                                         Parent entity
        PT Citra Borneo Indah               194.805.617         397.705.888           138.993.807              PT Citra Borneo Indah

     Entitas sepengendali                                                                                  Entities under common control
       PT Surya Borneo Industri              86.297.422          79.462.778           137.265.250            PT Surya Borneo Industri
       PT Borneo Sawit Gemilang              38.682.163          30.608.918            18.908.348          PT Borneo Sawit Gemilang
       PT Sepalar Yasa Kartika               38.179.189          35.429.796            21.593.587             PT Sepalar Yasa Kartika
       PT Pesona Citra Propertindo              790.484           2.528.156               330.531         PT Pesona Citra Propertindo
       PT Citra Borneo Global Feeds             432.488                   -                             PT Citra Borneo Global Feeds
       PT Natai Sawit Perkasa                   239.421          21.797.034             3.817.310              PT Natai Sawit Perkasa
       PT Citra Borneo Energi                   100.000             100.000                                     PT Citra Borneo Energi
       PT Pelayaran Lingga Marintama             10.965                  36                 9.121      PT Pelayaran Lingga Marintama

     Pihak berelasi lainnya                                                                                         Other related parties
        PT Sulung Ranch                       4.486.383           3.816.891             1.022.433                   PT Sulung Ranch
        PT Pelayaran Senggora                     5.170                   -                                   PT Pelayaran Senggora
        PT Bank Perkreditan                                                                                      PT Bank Perkreditan
          Lingga Sejahtera                            -           1.070.816             1.717.151               Lingga Sejahtera
        PT Mandiri Indah Lestari                      -               5.524                     -             PT Mandiri Indah Lestari

        Total                               364.029.302         572.525.837           323.657.538                                   Total


       Uang muka                                                                                                               Advances
       Entitas sepengendali                                                                                Enitities under common control
        PT Borneo Sawit Gemilang            184.443.698          28.303.530                     -          PT Borneo Sawit Gemilang
        PT Surya Borneo Industri             11.896.935                   -            68.871.390            PT Surya Borneo Industri
        PT Pesona Citra Propertindo             762.863                   -                     -         PT Pesona Citra Propertindo

        Total                               197.103.496          28.303.530            68.871.390                                  Total




                                                                 128
Page 452
                                                                             The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                 STATEMENTS
            Tanggal 31 Desember 2025                                                      As of December 31, 2025
           dan untuk tahun yang berakhir                                                   and for year then ended
               pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                      DENGAN PIHAK                   33. RELATED   PARTIES      BALANCES                          AND
    BERELASI (lanjutan)                                                         TRANSACTIONS (continued)

  a.    Piutang usaha, lain-lain, aset tidak lancar                               a. Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                                   non-current asset and loan to related parties
        (lanjutan)                                                                   (continued)

                                                                  Disajikan kembali - Catatan 4/
                                                                       As restated - Note 4

                                                                                     1 Januari 2024/
                                                                                     January 1, 2024
                                      31 Desember 2025/      31 Desember 2024/     31 Desember 2023/
                                      December 31, 2025      December 31, 2024     December 31, 2023

         Pinjaman kepada                                                                                             Loan to related parties
            pihak berelasi - lancar                                                                                              - current
         - dalam Rupiah                                                                                                           - in Rupiah
         Entitas induk                                                                                                          Parent Entity
            PT Citra Borneo Indah            1.376.020.043          51.190.924           294.626.789                 PT Citra Borneo Indah

         Entitas sepengendali                                                                                  Entities under common control
           PT Surya Borneo Industri                      -                    -          180.996.773             PT Surya Borneo Industri

         Total                               1.376.020.043          51.190.924           475.623.562                                    Total

         Aset tidak lancar lainnya                                                                                   Other non-current assets
         Deposit sewa Gedung (Catatan 17)                                                                   Building rental deposits (Note 17)
           PT Pesona Citra Propertindo           7.577.280           7.577.280             7.577.280         PT Pesona Citra Propertindo

         Total                                   7.577.280           7.577.280             7.577.280                                    Total

         Pinjaman - tidak-lancar - dalam Rupiah                                                             Loans - non-current - in Rupiah
         Entitas induk                                                                                                         Parent entity
            PT Citra Borneo Indah                        -                    -          219.473.951                PT Citra Borneo Indah


         Jumlah piutang usaha, lain-lain,                                                                Trade receivables, other receivables,
           pinjaman, uang muka                                                                                            loan to, advance
            dan aset tidak lancar                                                                                    and other non-current
           lainnya - pihak berelasi          2.727.063.194       1.090.323.973         1.646.355.341                assets - related parties
         Jumlah aset                        13.583.973.802      11.871.118.225        11.943.995.440                            Total assets

         Sebagai persentase
           terhadap jumlah aset                    20,08%                 9,18%              13,78%             As percentage to total assets



        Piutang lain-lain - pihak berelasi merupakan jasa                             Other receivables - related parties represents
        asistensi dan pembelian non-komoditas, piutang                                assistance services and purchase of non-
        bunga dan pinjaman modal kerja tanpa bunga                                    commodity, interest receivable and working
        yang diberikan oleh Grup kepada pihak-pihak                                   capital loans provided by the Group to its related
        berelasi.                                                                     parties.




                                                                    129
Page 453
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                      STATEMENTS
            Tanggal 31 Desember 2025                                           As of December 31, 2025
           dan untuk tahun yang berakhir                                        and for year then ended
               pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI               DENGAN      PIHAK             33. RELATED   PARTIES     BALANCES                      AND
    BERELASI (lanjutan)                                                 TRANSACTIONS (continued)

  a.    Piutang usaha, lain-lain, aset tidak lancar                     a.    Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                            non-current asset and loan to related
        (lanjutan)                                                            parties (continued)

        Pinjaman Perusahaan kepada CBI                                       The Company’s Loan to CBI

        Pada tanggal 15 April 2019, Perusahaan, CBI,                         On April 15, 2019, the Company, CBI, and
        dan CBUT melakukan perjanjian surat utang                            CBUT, entered into a convertible loan
        yang dapat dikonversi, dimana pinjaman dan                           agreement, whereby it allows the Company
        piutang Perusahaan akan dikonversi dengan                            loan and receivables which will be converted to
        Saham CBUT yang saat ini dimiliki oleh CBI.                          share ownership of CBUT which is currently
                                                                             owned by CBI.

         Perusahaan memiliki hak namun tidak                                 The Company has the right but is not obliged
         berkewajiban untuk meminta CBI untuk                                to request CBI to settle the amount owed to the
         melakukan pembayaran jumlah terutang secara                         Company by exchanging debt securities into
         penuh kepada Perusahaan dengan menukarkan                           CBUT shares owned by CBI. This exchange is
         surat utang menjadi saham CBUT milik CBI.                           effective after the following effective terms of
         Pertukaran tersebut berlaku efektif setelah syarat                  the agreement:
         syarat efektif perjanjian sebagai berikut:

         1.   Seluruh persetujuan dari Rapat umum                             1.   Approval from Shareholders General
              pemegang saham dan atau Dewan                                        Meetings and or Commisioners of the
              Komisaris dari Perusahaan dan CBI.                                   Company and CBI.
         2.   Persetujuan dari BNI.                                           2.   Approval from BNI.
         3.   Pendapat kewajaran atas transaksi.                              3.   Fairness opinion on the transactions.
         4.   Pendapat kewajaran atas indenture.                              4.   Fairness opinion on the indentures.

         Berdasarkan Perjanjian Akta Notaris No. 74                          Based on the Notarial Deed No. 74 Notary of
         Notaris Dr. Tintin Surtini, S.H., MH., Mkn. pada                    Dr. Tintin Surtini, S.H., MH., MKn. Dated
         tanggal 29 Desember 2020, Perusahaan                                December 29, 2020, the Company acquired
         mengakuisisi 13% saham CBUT, dengan total                           13% share ownership in CBUT with acquisition
         harga akuisisi sebesar Rp600.000.000.                               price of Rp600,000,000. The Company
         Perusahaan mengakuisisi saham CBUT                                  acquired shares ownership in CBUT through
         melalui mekanisme konversi pinjaman CBI                             conversion     of CBI’s loan to the Company
         dengan saham CBI pada pada CBUT. CBUT                               become the Company’s share ownership in
         bergerak di bidang pengolahan minyak kelapa                         CBUT. CBUT are engaged in processing of
         sawit. Nilai akuisisi saham didasarkan pada                         palm oil. The acquisition value was based on
         nilai wajar yang dihitung dalam Laporan Jasa                        the fair value as calculated in the Report of
         Penilai Publik.                                                     Public Valuer.

         Pinjaman tersebut dikenai bunga sebesar                             The loans are subject to interest at the rate
         9,25% (2024 dan 2023: 9,25%) dan                                    9,25% in 2025 (2024 and 2023: 9.25%) per
         disesuaikan dengan suku bunga pasar sampai                          annum and has been adjusted based on
         dengan tanggal efektif.                                             market rate up until the effective date.

         Berdasarkan Surat Penukaran Utang CBI                               Based on CBI's Debt Exchange Letter to the
         kepada Perusahaan tertanggal 15 Maret 2023,                         Company dated March 15, 2023, CBI has
         CBI telah mengkonfirmasi bahwa penyelesaian                         confirmed that the settlement of CBI’s loan and
         pinjaman dan piutang CBI kepada Perusahaan                          receivables to the Company will be carried out
         akan dilakukan dengan cara menukarkan                               by exchanging it with CBUT shares owned by
         dengan saham CBUT yang dimiliki oleh CBI                            CBI and will be carried out in 2023.
         dan akan dilakukan di tahun 2023.




                                                              130
Page 454
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                STATEMENTS
            Tanggal 31 Desember 2025                                     As of December 31, 2025
           dan untuk tahun yang berakhir                                  and for year then ended
               pada tanggal tersebut                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                          33. RELATED  PARTIES      BALANCES                      AND
  BERELASI (lanjutan)                                            TRANSACTIONS (continued)
  a.    Piutang usaha, lain-lain, aset tidak lancar              a. Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                  non-current asset and loan to related parties
        (lanjutan)                                                  (continued)

        Pinjaman Perusahaan kepada CBI (lanjutan)                     The Company’s Loan to CBI (continued)

        Dibawah ini adalah beberapa syarat penukaran                  Below are the requirement for the share
        saham:                                                        exchange:

         a.   Keputusan Rapat Umum Pemegang                            a.   The decision of the Shareholders General
              Saham Perusahaan menyetujui antara lain                       Meetings of the Company agreed to
              i) pengalihan saham penukaran                                 i) the shares diversion
              ii) pengesampingan hak penerbit dan hak                       ii) waive the right of issuer and the right of
              para pemegang saham Perusahaan                                other shareholders to be offered in
              lainnya untuk ditawarkan lebih dahulu                         advance

         b.   Keputusan    Dewan    Komisaris  dan                     b.   Decision from board of commisioners and
              Keputusan Rapat Umum Pemegang                                 Resolution of Shareholders General
              Saham     Penerbit  yang   menyetujui                         Meetings which agreed to diversify the
              pengalihan saham penukaran                                    convertible shares

         c.   Penilaian Saham Penukaran                                c.   Valuation of convertible shares

         d.   Pendapat kewajaran                                       d.   Fairness opinion

         e.   Mendapatkan semua persetujuan yang                       e.   Obtain all approval and licensing
              diperlukan dan perijinan

        Pada tanggal 19 Desember 2023, Perusahaan                     On December 19, 2023, the Company has
        telah melakukan konversi atas pinjaman                        converted its loan to CBI amounted to
        sebesar Rp3.451.309.583 menjadi kepemilikan                   Rp3,451,309,583 become share ownership in
        saham pada CBUT.                                              CBUT.

        Pada tanggal 31 Desember 2025, 2024, dan                      As of December 31, 2025, 2024, dan 2023, the
        2023, saldo pinjaman Perusahaan adalah                        outstanding balance of the Company’s loan
        sebesar RpNihil, RpNihil, dan Rp219.473.951.                  was amounting to RpNil, RpNill, and
                                                                      Rp219,473,951, respectively.

        Pinjaman CBUT kepada CBI                                      CBUT’s Loan to CBI

        Berdasarkan    Perjanjian Pinjaman tanggal                    Based on a Loan Agreement dated January 2,
        2 Januari 2023 yang kemudian diubah                           2023, which was then amended by Loan
        dengan Perubahan Perjanjian Pinjaman                          Agreement Amendment dated December 2,
        tanggal 2 Desember 2024, CBUT memberikan                      2024, CBUT provided loan to PT Citra Borneo
        pinjaman kepada PT Citra Borneo Indah,                        Indah, a shareholder of the Company, with a
        pemegang saham Perusahaan, dengan batas                       maximum loan limit of Rp400,000,000 for
        maksimum pinjaman sebesar Rp400.000.000                       operational activities purposes. This loan bears
        untuk tujuan kegiatan operasional. Pinjaman                   interest at the rate 9.5% per annum with term of
        tersebut dikenakan bunga sebesar 9,5% per                     credit of 1 (one) year and can be extended.
        tahun dengan jangka waktu selama 1 (satu)
        tahun dan dapat diperpanjang.




                                                        131
Page 455
                                                                The original consolidated financial statements included herein
                                                                                              are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                  STATEMENTS
            Tanggal 31 Desember 2025                                       As of December 31, 2025
           dan untuk tahun yang berakhir                                    and for year then ended
               pada tanggal tersebut                                  (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                  unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI DENGAN PIHAK                            33. RELATED  PARTIES      BALANCES                      AND
  BERELASI (lanjutan)                                              TRANSACTIONS (continued)

  a.    Piutang usaha, lain-lain, aset tidak lancar                 a.   Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                       non-current asset and loan to related
        (lanjutan)                                                       parties (continued)

         Pinjaman CBUT kepada SBI                                        CBUT’s Loan to SBI

        Berdasarkan Perjanjian Pinjaman tanggal                          Based on a Loan Agreement dated October 3,
        3 Oktober 2022 yang kemudian diubah dengan                       2022 which was then amended by Loan
        Perubahan Perjanjian Pinjaman tanggal                            Agreement Amendment dated September 22,
        22 September      2023, CBUT memberikan                          2023, CBUT provided loan to SBI, a related
        pinjaman kepada SBI, pihak berelasi, dengan                      party, with a maximum loan limit of
        batas     maksimum      pinjaman     sebesar                     Rp200,000,000 for operational activities
        Rp200.000.000     untuk    tujuan   kegiatan                     purposes. This loan bears interest rate at 9.5%
        operasional. Pinjaman tersebut dikenakan                         per annum with term of credit of 1 (one) year
        bunga sebesar 9,5% per tahun dengan                              and can be extended.
        jangka waktu selama 1 (satu) tahun dan dapat
        diperpanjang.

        Pada tanggal 31 Desember 2025, 2024, dan                         As of December 31, 2025, 2024, and 2023, the
        2023 Manajemen Grup meyakini bahwa                               Group’s management believes that the entire
        pinjaman kepada CBI dan SBI dapat tertagih                       loan to CBI and SBI are collectible and there is
        seluruhnya dan tidak ada penurunan nilai atas                    no impairment in value on that loan.
        saldo pinjaman tersebut.

        Saldo piutang lain-lain dan pinjaman pada akhir                  Outstanding balances of other receivables and
        tahun tidak memiliki jaminan.                                    loan at the end of year are unsecured.

        Untuk tahun yang berakhir pada tanggal                           For the years ended December 31, 2025,
        31 Desember 2025, 2024, dan 2023, tidak                          2024, and 2023, there is no impairment of other
        terdapat penurunan nilai piutang lain-lain dan                   receivables and loan - related parties. This
        pinjaman - pihak berelasi. Penilaian ini                         assessment is undertaken at the end of the
        dilakukan setiap akhir periode pelaporan                         reporting periods through examining the
        dengan memeriksa posisi keuangan pihak                           financial position of these related parties and
        berelasi dan pasar dimana pihak berelasi                         the market in which the related parties operate.
        beroperasi.

        Biaya penelitian dan pemeliharaan kepada CBI                     Research and maintenance expense with CBI

        Pada tahun 2022, Grup menandatangani                             In 2022, the Group has signed an agreement on
        perjanjian kerjasama penggunaan jasa analis di                   research and maintenance services at Sulung
        Laboratorium Sulung Research Station dengan                      Research Station with PT Citra Borneo Indah.
        PT Citra Borneo Indah. Perjanjian tersebut                       The services period will ended on December 31,
        berakhir pada tanggal 31 Desember 2022. Atas                     2022. For the services, the Group should paid
        jasa tersebut, Grup diwajibkan untuk membayar                    the fees amounted to Rp124,606,283 per
        sebesar Rp124.606.283 per tahun. Pada bulan                      annum. On January 2023, the Group submitted
        Januari 2023, Grup menyampaikan surat                            a letter requesting the suspension of the
        permohonan penangguhan pelaksanaan jasa                          implementation of research services so that
        penelitian     sehingga     sampai     dengan                    until December 31, 2023 there were no
        31 Desember 2023 tidak terdapat jasa                             research services provided by CBI. On
        penelitian yang diberikan oleh CBI. Pada                         December 1, 2025, the agreement has been
        tanggal 1 Desember 2025, perjanjian tersebut                     extended until December 31, 2026
        telah diperpanjang sampai dengan tanggal
        31 Desember 2026.




                                                          132
Page 456
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                STATEMENTS
            Tanggal 31 Desember 2025                                                     As of December 31, 2025
           dan untuk tahun yang berakhir                                                  and for year then ended
               pada tanggal tersebut                                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                    DENGAN        PIHAK             33. RELATED   PARTIES      BALANCES                         AND
    BERELASI (lanjutan)                                                        TRANSACTIONS (continued)

  a.    Piutang usaha, lain-lain, aset tidak lancar                              a.   Trade receivables, other receivables, other
        lainnya dan pinjaman kepada pihak berelasi                                    non-current asset and loan to related parties
        (lanjutan)                                                                    (continued)

        Pinjaman SML kepada CBI                                                       SML’s Loan to CBI

        Berdasarkan Perjanjian Pinjaman tanggal 28                                    Based on the Loan Agreement dated 28 April
        April 2023 yang kemudian diubah dengan                                        2023, as amended by the Amendment to the
        Perubahan Perjanjian Pinjaman tanggal                                         Loan Agrement dated 1 August 2025, SML
        1 Agustus 2025, SML memberikan pinjaman                                       granted a loan to CBI, a related party, with a
        kepada CBI, pihak berelasi, dengan batas                                      maximum facility amount of Rp3,000,000,000
        maksimum pinjaman sebesar Rp3.000.000.000                                     for operational purposes. The loan bears
        untuk tujuan kegiatan operasional. Pinjaman                                   interest at 9% per annum, has a term of one (1)
        tersebut dikenakan bunga sebesar 9% per                                       year, and may be extended.
        tahun dengan jangka waktu selama 1 (satu)
        tahun dan dapat diperpanjang.

   b.    Utang - pihak berelasi                                                  b.   Accounts payable - related parties
                                                                 Disajikan kembali - Catatan 4/
                                                                      As restated - Note 4

                                                                                    1 Januari 2024/
                                                                                    January 1, 2024
                                    31 Desember 2025/     31 Desember 2024/       31 Desember 2023/
                                    December 31, 2025     December 31, 2024       December 31, 2023

         Utang usaha - jangka pendek                                                                              Trade payables - current
         Entitas induk                                                                                                        Parent Entity
           PT Citra Borneo Indah        165.599.255                          -                    -               PT Citra Borneo Indah
         Entitas sepengendali                                                                                  Entity under common control
           PT Sepalar Yasa Kartika       17.497.320                34.298.725            24.723.290             PT Sepalar Yasa Kartika
           PT Pelayaran Lingga Marintama 17.321.533                 5.012.147             9.831.498      PT Pelayaran Lingga Marintama
           PT Borneo Sawit Gemilang      10.877.873                16.151.012            15.694.200          PT Borneo Sawit Gemilang
           PT Natai Sawit Perkasa         5.399.203                28.228.149             8.943.828              PT Natai Sawit Perkasa
           PT Surya Borneo Industri         777.486                 2.038.509             1.977.635            PT Surya Borneo Industri
         Pihak berelasi lainnya                                                                                       Other related parties
            PT Pelayaran Senggora            2.075.872                 15.512                15.509              PT Pelayaran Senggora

         Total utang usaha
           - pihak berelasi                219.548.542             85.744.054            61.185.960   Total trade payables - related parties

         Utang lain-lain - jangka pendek                                                                          Other payables - current
         Entitas induk                                                                                                         Parent entity
           PT Citra Borneo Indah            26.852.142              4.586.705             3.033.565                PT Citra Borneo Indah
         Entitas sepengendali                                                                                 Entities under common control
           PT Pesona Citra Propertindo      44.571.988              9.538.981            15.804.910         PT Pesona Citra Propertindo
           PT Sulung Ranch                   6.705.488             12.463.601             7.953.862                   PT Sulung Ranch
           PT Sepalar Yasa Kartika           3.046.758              7.069.975                94.294             PT Sepalar Yasa Kartika
           PT Borneo Sawit Gemilang          1.769.169                967.194               133.573          PT Borneo Sawit Gemilang
           PT Natai Sawit Perkasa            1.018.865              1.018.685               248.935              PT Natai Sawit Perkasa
           PT Pelayaran Lingga Marintama       661.635              3.088.957               843.814      PT Pelayaran Lingga Marintama
           PT Surya Borneo Industri            565.617              3.112.142             5.240.089            PT Surya Borneo Industri
         Pihak berelasi lainnya                                                                                        Other related parties
            PT Pelayaran Senggora             767.275                       -             3.316.025             PT Pelayaran Senggora
            PT Putra Borneo Agro Lestari       64.545                  64.544                64.546         PT Putra Borneo Agro Lestari

         Total utang lain-lain                                                                                        Total other payables
           - pihak berelasi                 86.023.482             41.910.784            36.733.613                        - related parties




                                                                   133
Page 457
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                                    STATEMENTS
            Tanggal 31 Desember 2025                                                         As of December 31, 2025
           dan untuk tahun yang berakhir                                                      and for year then ended
               pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                   DENGAN           PIHAK              33. RELATED   PARTIES      BALANCES                          AND
    BERELASI (lanjutan)                                                           TRANSACTIONS (continued)

  b.    Utang - pihak berelasi                                                        b.   Accounts payable - related parties
                                                                   Disajikan kembali - Catatan 4/
                                                                        As restated - Note 4

                                                                                        1 Januari 2024/
                                                                                        January 1, 2024
                                    31 Desember 2025/        31 Desember 2024/        31 Desember 2023/
                                    December 31, 2025        December 31, 2024        December 31, 2023


         Liabilitas kontrak                                                                                               Contract Liabilities
         Entitas induk                                                                                                            Parent entity
            PT Citra Borneo Indah             4.500.000                 6.000.000                        -            PT Citra Borneo Indah
         Pihak berelasi lainnya                                                                                           Other related parties
            PT Bank Perkreditan Rakyat                                                                          PT Bank Perkreditan Rakyat
              Lingga Sejahtera                2.250.000                 1.000.000             2.000.000                Lingga Sejahtera
            Borneo Agri Resources                                                                                   Borneo Agri Resources
              International Pte. Ltd.                 -              88.891.000                          -        International Pte. Ltd.

                                              6.750.000              95.891.000               2.000.000

         Total                             312.322.024              223.545.838              99.919.573                                    Total

         Total liabilitas                10.642.512.002           8.986.349.964            9.947.700.957                        Total liabilities

         Sebagai persentase terhadap
           total liabilitas                      2,93%                     2,49%                     1,00%    As percentage to total liabilities


         Utang lain-lain - pihak berelasi terutama                                         Other payables - related parties mainly
         merupakan dana talangan dan utang atas jasa                                       represent non-interest bearing advances and
         yang diberikan tanpa bunga yang diterima oleh                                     payable from services rendered obtained by the
         Grup dari pihak-pihak berelasi.                                                   Group from these related parties.
         Saldo utang lain-lain - pihak berelasi pada akhir                                 Outstanding balances of other payables -
         tahun tidak memiliki jaminan.                                                     related parties at year-end are unsecured.

                                                   Untuk tahun yang berakhir pada
                                                        Tanggal 31 Desember/
                                                  For the years ended December 31,

                                                                                 2024
                                                                          (Disajikan kembali -
                                                                             Catatan 4)/
                                                                            (As restated -
                                                           2025                Note 4)
         Pendapatan dari kontrak                                                                                      Revenue from contract
           dengan pelanggan                                                                                                 with customers

         Entitas induk                                                                                                           Parent entity
           PT Citra Borneo Indah                          155.523.988                            -                    PT Citra Borneo Indah

         Pihak berelasi lainnya                                                                                          Other related parties
           Borneo Agri - Resources                                                                                Borneo Agri - Recources
             International Pte. Ltd.                 3.815.204.163                  6.305.994.337                  International Pte. Ltd.
           PT Citra Borneo Global Feeds                 32.801.126                     50.331.461            PT Citra Borneo Global Feeds
           PT Borneo Sawit Gemilang                     12.299.475                              -              PT Borneo Sawit Gemilang
                                                     4.015.828.752                  6.356.325.798




                                                                     134
Page 458
                                                              The original consolidated financial statements included herein
                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                              PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                STATEMENTS
            Tanggal 31 Desember 2025                                     As of December 31, 2025
           dan untuk tahun yang berakhir                                  and for year then ended
               pada tanggal tersebut                                (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI             DENGAN   PIHAK           33. RELATED   PARTIES      BALANCES                      AND
    BERELASI (lanjutan)                                          TRANSACTIONS (continued)

  c.    Penjualan, pembelian, pendapatan,       dan               c.   Sales, purchase, income, and operating
        beban usaha dari pihak berelasi                                expense from related parties

                                         Untuk tahun yang berakhir pada
                                              Tanggal 31 Desember/
                                        For the years ended December 31,

                                                                 2024
                                                          (Disajikan kembali -
                                                             Catatan 4)/
                                                            (As restated -
                                             2025              Note 4)
   Total pendapatan dari
     kontrak dengan                                                                          Total revenue from contracts
     pelanggan (Catatan 28)             14.813.170.793        10.366.799.435                  with customers (Note 28)

   Sebagai persentase terhadap                                                                           As percentage to
     jumlah pendapatan dari                                                                  total revenue from contract
     kontrak dengan pelanggan                   27,11%                 61,31%                            with customers


   Penjualan Non Komoditas                                                                         Sales Non-Commodity
   Entitas induk                                                                                              Parent entity
     PT Citra Borneo Indah                    1.904.318                      -                     PT Citra Borneo Indah
   Pihak berelasi lainnya                                                                              Other Related Party
     PT Surya Borneo Industri                40.233.209           23.804.530                      PT Surya Borneo Indah
                                             42.137.527           23.804.530
   Total pendapatan lain-lain
       (Catatan 30)                          58.531.394          129.709.636                  Total other income (Note 30)

   Sebagai persentase terhadap                                                                            As percentage to
       pendapatan lainnya                       71,99%                 18,35%                              other income


   Pendapatan sewa                                                                                            Rental income
   Entitas induk                                                                                                Parent entity
     PT Citra Borneo Indah                    1.500.000                      -                       PT Citra Borneo Indah
   Pihak berelasi lainnya                                                                     Entities under common control
     PT Bank Perkreditan Rakyat                                                               PT Bank Perkreditan Rakyat
           Lingga Sejahtera.                  2.747.400             2.520.000                           Lingga Sejahtera
                                              4.247.400             2.520.000
   Total pendapatan lain-lain
     (Catatan 30)                            58.531.394          129.709.636                  Total other income (Note 30)

   Sebagai persentase terhadap                                                                            As percentage to
     total pendapatan lain-lain, neto            7,26%                 1,94%                    total other income, net




                                                      135
Page 459
                                                             The original consolidated financial statements included herein
                                                                                           are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                             PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                            NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                               STATEMENTS
            Tanggal 31 Desember 2025                                    As of December 31, 2025
           dan untuk tahun yang berakhir                                 and for year then ended
               pada tanggal tersebut                               (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                               unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI             DENGAN PIHAK            33. RELATED   PARTIES      BALANCES                      AND
    BERELASI (lanjutan)                                         TRANSACTIONS (continued)

  c.    Penjualan,       pembelian, pendapatan                   c.   Sales, purchase, finance income and
        keuangan dan beban usaha dari pihak                           operating expense from related parties
        berelasi (lanjutan)                                           (continued)

                                         Untuk tahun yang berakhir pada
                                              Tanggal 31 Desember/
                                        For the years ended December 31,

                                                                2024
                                                         (Disajikan kembali -
                                                            Catatan 4)/
                                                           (As restated -
                                            2025              Note 4)
   Pendapatan keuangan                                                                                    Finance income
   Entitas induk                                                                                              Parent entity
     PT Citra Borneo Indah                  74.260.154           38.069.006                        PT Citra Borneo Indah
   Pihak berelasi lainnya                                                                            Other related parties
     PT Bank Perkreditan Rakyat                                                              PT Bank Perkreditan Rakyat
       Lingga Sejahtera                     19.937.324           48.223.179                         Lingga Sejahtera
     PT Surya Borneo Industri                        -           18.608.053                    PT Surya Borneo Industri

                                            94.197.478          104.900.238
   Total pendapatan keuangan
     (Catatan 31)                           96.168.574          108.610.664               Total finance income (Note 31)
   Sebagai persentase terhadap                                                                           As percentage to
     total pendapatan lain-lain, neto          97,95%                 96,58%                     total other income, net


   Pembelian Komoditas                                                                              Purchase Commodity
   Entitas induk                                                                                              Parent entity
     PT Citra Borneo Indah                 644.400.951          706.524.799                        PT Citra Borneo Indah

   Pihak berelasi lainnya                                                                    Entities under common control
     PT Borneo Sawit Gemilang              539.228.330           72.646.666                   PT Borneo Sawit Gemilang
     PT Sepalar Yasa Kartika               175.449.060          136.715.202                      PT Sepalar Yasa Kartika
     PT Natai Sawit Perkasa                 53.078.089           53.307.836                       PT Natai Sawit Perkasa

                                         1.412.156.430          969.194.503
   Total beban pokok penjualan                                                                         Total cost of sales
     (Catatan 29)                        9.638.245.516        7.088.221.765                                   (Note 29)

   Sebagai persentase terhadap                                                                           As percentage to
     jumlah beban pokok                                                                                       total cost
     penjualan                                 14,65%                 13,67%                                    of sales




                                                     136
Page 460
                                                                 The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2025                                        As of December 31, 2025
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI              DENGAN PIHAK               33. RELATED   PARTIES      BALANCES                      AND
    BERELASI (lanjutan)                                             TRANSACTIONS (continued)

  c.    Penjualan,       pembelian, pendapatan                       c.   Sales, purchase, finance income and
        keuangan dan beban usaha dari pihak                               operating expense from related parties
        berelasi (lanjutan)                                               (continued)

                                             Untuk tahun yang berakhir pada
                                                  Tanggal 31 Desember/
                                            For the years ended December 31,

                                                                    2024
                                                             (Disajikan kembali -
                                                                Catatan 4)/
                                                               (As restated -
                                                2025              Note 4)
         Pembelian Non Komoditas                                                                 Purchase Non-commodity
         Entitas induk                                                                                           Parent entity
             PT Citra Borneo Indah              65.953.432                      -                     PT Citra Borneo Indah
         Pihak berelasi lainnya                                                                Entities under common control

            PT Surya Borneo Industri            25.325.172                    -                  PT Surya Borneo Industri
            PT Sulung Ranch                     24.308.076                    -                         PT Sulung Ranch
            PT Sepalar Yasa Kartika             22.797.162           16.543.551                  PT Sepalar Yasa Kartika
            PT Borneo Sawit Gemilang            17.188.209           15.976.193                PT Borneo Sawit Gemilang
            PT Natai Sawit Perkasa              11.858.109                    -                   PT Natai Sawit Perkasa
            PT Pesona Citra Propertindo         11.306.725                    -               PT Pesona Citra Propertindo

                                               178.736.885           32.519.744

       Total beban pokok penjualan                                                                       Total cost of sales
         (Catatan 29)                        9.638.245.516        7.088.221.765                                  (Note 29)

       Sebagai persentase terhadap                                                                         As percentage to
         jumlah beban pokok                                                                                      total cost
         penjualan                                  1,85%                 0,46%                                    of sales


         Beban transportasi                                                                         Transportation expense
         Pihak berelasi lainnya                                                               Entities under common control
            PT Pelayaran Lingga Marintama      133.899.225             1.200.329           PT Pelayaran Lingga Marintama
            PT Pelayaran Senggora               17.828.435             3.412.324                   PT Pelayaran Senggora

                                               151.727.660             4.612.653
         Total beban penjualan                                                                        Total selling expense
           (Catatan 30)                      1.463.606.360          904.991.243                                  (Note 30)

         Sebagai persentase terhadap                                                                       As percentage to
           total beban penjualan                   10,37%                 0,51%                     total selling expense




                                                         137
Page 461
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                    STATEMENTS
            Tanggal 31 Desember 2025                                         As of December 31, 2025
           dan untuk tahun yang berakhir                                      and for year then ended
               pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                DENGAN PIHAK              33. RELATED   PARTIES      BALANCES                      AND
    BERELASI (lanjutan)                                              TRANSACTIONS (continued)

  c.    Penjualan,       pembelian, pendapatan                        c. Sales, purchase, finance income and
        keuangan dan beban usaha dari pihak                              operating expense from related parties
        berelasi (lanjutan)                                              (continued)

                                              Untuk tahun yang berakhir pada
                                                   Tanggal 31 Desember/
                                             For the years ended December 31,

                                                                     2024
                                                              (Disajikan kembali -
                                                                 Catatan 4)/
                                                                (As restated -
                                                 2025              Note 4)


         Biaya penelitian dan pemeliharaan                                             Research and maintenance expense
         Entitas induk                                                                                        Parent entity
           PT Citra Borneo Indah                176.021.761           72.434.250                  PT Citra Borneo Indah

         Total beban umum dan                                                              Total general and administrative
           administrasi (Catatan 30)          1.111.189.076          946.326.561                     expenses (Note 30)

         Sebagai persentase terhadap
           Total beban umum                                                                   As percentage to total general
           dan administrasi                         15,84%                 7,65%              and administrative expense


         Biaya Sewa                                                                                         Rental Expense
         Pihak berelasi lainnya                                                                          Other related party
           PT Pesona Citra Propertindo           17.743.754             1.385.350              PT Pesona Citra Propertindo
         Total beban umum dan                                                              Total general and administrative
           administrasi (Catatan 30)          1.111.189.076          946.326.561                      expenses (Note 30)

         Sebagai persentase terhadap
           total beban umum                                                                   As percentage to total general
           dan administrasi                          1,60%                 0,15%               and administrative expense


         Beban penanganan                                                                                 Handling expense
         Pihak berelasi lainnya                                                                         Other related parties
           PT Surya Borneo Industri                       -              678.851                   PT Surya Borneo Industri
         Total beban pokok penjualan                                                                      Total cost of sales
           (Catatan 29)                       9.638.245.516        7.088.221.765                                  (Note 29)

         Sebagai persentase terhadap                                                                        As percentage to
           jumlah beban pokok                                                                                    total cost
           penjualan                                 0,00%                 0,01%                                   of sales




                                                          138
Page 462
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                  KONSOLIDASIAN                                                   STATEMENTS
            Tanggal 31 Desember 2025                                        As of December 31, 2025
           dan untuk tahun yang berakhir                                     and for year then ended
               pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
              kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI           DENGAN PIHAK                33.   RELATED   PARTIES     BALANCES                     AND
    BERELASI (lanjutan)                                             TRANSACTIONS (continued)


  d.    Rincian jenis transaksi dan sifat hubungan                  d.   Nature of transactions and relationships
        dengan pihak berelasi adalah sebagai                             with related parties, are as follows:
        berikut:

                     Sifat hubungan
                 dengan pihak berelasi/
                    Nature of related            Pihak berelasi/
          No.              parties               Related parties                         Transaksi/Transactions
          1.     Entitas    induk/Parent   PT Citra Borneo Indah             Penjualan dan pembelian komoditas, penjualan
                 entity                    (“CBI”)                           dan    pembelian      barang     non-komoditas,
                                                                             pinjaman,      jasa    research,     pendapatan
                                                                             keuangan, dan sewa/ Sales and purchases of
                                                                             commodities, sales and purchases of
                                                                             non-commodity       goods,    loans,   research
                                                                             services, finance income, and rental


          2.     Hubungan       keluarga   Bapak Abdul Rasyid AS             Sewa tanah/Land rental.
                 dengan        penerima
                 manfaat Grup/Family
                 relationships with the
                 Group’s beneficiaries.
          3.     Entitas yang didirikan    Borneo Agri Resources             Penjualan komoditas/Sales of commodities
                 oleh penerima manfaat     Industries Pte Ltd (“BARI”)
                 Perusahaan/Entity
                 which was established
                 by the beneficial owner
                 of the corporation
          4.     Entitas yang dimiliki     PT Borneo Sawit Gemilang          Penjualan komoditas, pembelian barang non-
                 oleh    salah   satu      (“BSG”)                           komoditas, dan jasa asistensi/Sales of
                 pemegang                                                    commodities, sales of non-commodity goods,
                 saham/Entity  which                                         and assistance services.
                 owned by one of the
                 shareholders

                                           PT Citra Borneo Global            Penjualan komoditas/Sales of Commodity
                                           Feeds (“CBGF”)
                                           PT Natai Sawit Perkasa            Pembelian barang non-komoditas, penjualan
                                           (“NSP”)                           barang non-komoditas, dan jasa asistensi/
                                                                             Purchases      of   commodities,  sales    of
                                                                             non-commodity goods, and assistance services
                                           PT    Pelayaran      Lingga       jasa pengangkutan dan pengiriman/handling
                                           Marintama (“LM”)                  and freight expense

                                           PT Pelayaran Senggora             Jasa pengangkutan dan pengiriman/handling
                                           (“PS”)                            and freight expense

                                           PT       Pesona     Citra         Sewa kantor/ Office rental
                                           Propertindo (“PCP”)

                                           PT Sulung Ranch (“SR”)            Pembelian barang non komoditas /Sales of non-
                                                                             commodity

                                           PT Surya Borneo Industri          Penjualan barang non-komoditas, pendapatan
                                           (“SBI”)                           keuangan, sewa lahan, dan jasa penanganan/
                                                                             Sales of non-commodities, finance income and
                                                                             handling expense




                                                      139
Page 463
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                  STATEMENTS
             Tanggal 31 Desember 2025                                                       As of December 31, 2025
            dan untuk tahun yang berakhir                                                    and for year then ended
                pada tanggal tersebut                                                  (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                  unless otherwise stated)
               kecuali dinyatakan lain)


33. SALDO DAN TRANSAKSI                     DENGAN PIHAK                      33. RELATED   PARTIES      BALANCES                             AND
    BERELASI (lanjutan)                                                           TRANSACTIONS (continued)

   d.    Rincian jenis transaksi dan sifat hubungan                                 d.   Nature of transactions and relationships
         dengan pihak berelasi adalah sebagai                                            with related parties, are as follows:
         berikut: (lanjutan)                                                             (continued)

                          Sifat hubungan
                       dengan pihak berelasi/
                          Nature of related                       Pihak berelasi/
            No.                 parties                           Related parties                        Transaksi/Transactions
             5.        Pihak berelasi lainnya/               PT Bank Perkreditan Rakyat         Kas dan setara kas, deposito berjangka,
                       Other related parties                 Lingga Sejahtera (“BPRLS”)         pinjaman, beban bunga dan sewa/Cash and
                                                                                                cash equivalents, time deposits, loan, interest
                                                                                                expense, and rental

                                                             PT Sepalar Yasa Kartika            Penjualan barang komoditas dan jasa
                                                             (“SYK”)                            asistensi/Sales of commodity and assistance
                                                                                                service

                                                             PT Mandiri Indah Lestari           Penjamin/Guarantor
                                                             (“MIL”)



34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                                       34. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Tabel berikut menyajikan nilai tercatat instrumen                                The following table presents the carrying value of
   keuangan konsolidasian yang dianggap mendekati                                   consolidated financial instruments that are
   nilai wajarnya pada tanggal 31 Desember 2025,                                    considered close to their fair value at the date of
   2024, dan 2023:                                                                  December 31, 2025, 2024, and 2023:

                                      31 Desember 2025/         31 Desember 2024/    31 Desember 2023/
                                      December 31, 2025         December 31, 2024    December 31, 2023

  Aset keuangan                                                                                                                     Financial assets
  Pinjaman yang diberikan dan piutang                                                                                       Loans and receivables
     Kas dan setara kas                        874.059.881          1.180.286.182         1.237.290.419             Cash and cash equivalents
     Piutang usaha                                                                                                            Trade receivables
        Pihak ketiga                           113.412.231             27.472.904           43.034.252                            Third parties
        Pihak berelasi                         782.333.073            430.726.402          551.151.620                         Related parties
     Piutang lain-lain                                                                                                        Other receivables
        Pihak ketiga                           249.555.322             17.532.166           16.306.374                            Third parties
        Pihak berelasi                         364.029.302            572.525.837          323.657.538                        Related parties
     Pinjaman kepada pihak berelasi          1.376.020.043             51.190.924          475.623.562                    Loan to related parties
     Aset lancar lainnya                           839.957            643.767.663          888.190.872                      Other current assets
     Piutang plasma                                                                                                         Plasma receivables
        setelah dikurangi dengan penyisihan                                                                       after net off with allowance
        penurunan nilai Rp34.472.834                                                                           for impairment Rp34,472,834
        (2024: Rp27.755.873                                                                                              (2023: Rp27,755,873
        2023: Rp37.274.799)                    400.144.511            450.283.638          593.231.800                   2023: Rp37,274,799)
     Pinjaman jangka panjang kepada                                                                                        Long-term convertible
        Pihak berelasi yang dapat dikonversi             -                      -          219.473.951                 loan to a related party

    Total                                  4.160.394.320            3.373.785.716         4.347.960.388                                       Total




                                                                       140
Page 464
                                                                          The original consolidated financial statements included herein
                                                                                                        are in the Indonesian language.

    PT SAWIT SUMBERMAS SARANA Tbk.                                               PT SAWIT SUMBERMAS SARANA Tbk.
          DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED FINANCIAL
               KONSOLIDASIAN                                                                 STATEMENTS
         Tanggal 31 Desember 2025                                                      As of December 31, 2025
        dan untuk tahun yang berakhir                                                   and for year then ended
            pada tanggal tersebut                                                 (Expressed in thousands of Rupiah,
       (Disajikan dalam ribuan Rupiah,                                                 unless otherwise stated)
           kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                                  34. FAIR VALUE OF FINANCIAL INSTRUMENTS
    (lanjutan)                                                               (continued)

  Tabel berikut menyajikan nilai tercatat instrumen                            The following table presents the carrying value of
  keuangan konsolidasian yang dianggap mendekati                               consolidated financial instruments that are
  nilai wajarnya pada tanggal 31 Desember 2025,                                considered close to their fair value at the date of
  2024, dan 2023: (lanjutan)                                                   December 31, 2025, 2024, and 2023: (continued)

                                       31 Desember 2025/   31 Desember 2024/    31 Desember 2023/
                                       December 31, 2025   December 31, 2024    December 31, 2023


   Liabilitas keuangan                                                                                                 Financial liabilities
      Utang dan pinjaman                                                                                        Loans and borrowings
      Utang usaha                                                                                                     Trade payables
          Pihak ketiga                       530.508.890         303.690.105          279.793.618                      Third parties
          Pihak berelasi                     219.548.542          85.744.054           61.185.960                    Related parties
      Beban akrual                            56.748.335         167.054.235           66.327.664                   Accrued expenses
      Utang lain-lain                                                                                                  Other payables
          Pihak ketiga                       411.850.231         398.306.812          740.276.157                      Third parties
          Pihak berelasi                      86.023.482          41.910.784           36.733.613                    Related parties
      Liabilitas imbalan kerja                                                                                   Short-term employee
          karyawan jangka pendek             192.677.277         159.070.367          147.986.415                   benefit liabilities
      Liabilitas sewa jangka pendek           64.678.069          13.604.681           13.138.714            Short-term lease liabilities
      Lialbilitas sewa pembiayaan
          Konsumen jatuh tempo                                                                           Current maturities of long-term
          Dalam satu tahun                    11.196.702           6.254.118              399.347                          bank loan
      Utang bank jangka pendek             1.698.144.691       2.195.100.881        2.437.341.526                 Short-term bank loan
      Liabilitas sewa jangka panjang         208.546.576          76.793.597           64.545.307             Long-term lease liablities
      Utang bank jangka panjang
          jatuh tempo                                                                                    Current maturities of long-term
          dalam satu tahun                   991.075.964       1.009.228.617          913.814.430                          bank loan
      Utang bank jangka
          panjang setelah dikurangi
          bagian jatuh tempo                                                                                   Long-term bank loan -
          dalam satu tahun                 5.449.503.968       3.876.810.788        4.861.241.038                net of maturities

   Total                                   9.920.502.727       8.333.569.039        9.622.783.789                                     Total



   Nilai wajar didefinisikan sebagai jumlah dimana                             Fair value is defined as the amount at which the
   instrumen tersebut dapat dipertukarkan di dalam                             instrument could be exchanged in a current
   transaksi kini antara pihak yang berkeinginan dan                           transaction between knowledgeable willing parties
   memiliki pengetahuan yang memadai melalui suatu                             in an arm's length transaction, other than in a forced
   transaksi yang wajar, selain di dalam penjualan                             or liquidation sale. Fair values are obtained from
   terpaksa atau penjualan likuidasi. Nilai wajar                              quoted market prices and discounted cash flow
   didapatkan dari kuotasi harga pasar dan model arus                          models.
   kas diskonto.




                                                                  141
Page 465
                                                                  The original consolidated financial statements included herein
                                                                                                are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                   STATEMENTS
             Tanggal 31 Desember 2025                                        As of December 31, 2025
            dan untuk tahun yang berakhir                                     and for year then ended
                pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
               kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                           34. FAIR VALUE OF FINANCIAL INSTRUMENTS
    (lanjutan)                                                        (continued)

   Grup menggunakan hierarki berikut ini untuk                        The Group uses the following hierarchy for
   menentukan dan mengungkapkan nilai wajar                           determining and disclosing the fair value of financial
   instrumen keuangan:                                                instruments:
     Tingkat 1: Nilai wajar diukur berdasarkan                            Level 1: Fair values are measured based on
                   pada harga kuotasi (tidak                                         quoted prices (unadjusted) in active
                   disesuaikan) dalam pasar aktif                                    markets for identical assets or
                   untuk aset atau liabilitas sejenis.                               liabilities.
     Tingkat 2: Nilai wajar diukur berdasarkan                         Level 2:    Fair values are measured based on
                   teknik-teknik valuasi, yaitu untuk                                valuation techniques for which all
                   seluruh input yang diketahui baik                                 inputs which have a significant
                   secara langsung ataupun tidak                                     effect on the recorded fair values
                   langsung      memiliki     dampak                                 are observable, either directly or
                   signifikan atas nilai wajar                                       indirectly.
                   tercatat.
     Tingkat 3: Nilai wajar diukur berdasarkan                          Level 3:     Fair values are measured based on
                   teknik-teknik valuasi, yaitu untuk                                  valuation techniques for which any
                   seluruh input yang tidak dapat                                      inputs which have a significant
                   diketahui baik secara langsung                                      effect on the recorded fair value that
                   ataupun tidak langsung memiliki                                     are not based on observable
                   dampak signifikan atas nilai                                        market data (unobservable inputs).
                   wajar tercatat.

   Instrumen keuangan yang disajikan di dalam                         Financial instruments presented in the consolidated
   laporan posisi keuangan konsolidasian dicatat                      statements of financial position are carried at fair
   sebesar nilai wajar atau biaya perolehan                           value or amortized cost, otherwise, they are
   diamortisasi, jika tidak, disajikan dalam jumlah                   presented at carrying values as either these are
   tercatat apabila jumlah tersebut mendekati nilai                   reasonable approximation of fair values or their fair
   wajarnya atau nilai wajarnya tidak dapat diukur                    values cannot be reliably measured.
   secara andal.

   Berikut ini adalah metode dan asumsi yang                          The following are the methods and assumptions to
   digunakan dalam mengestimasi nilai wajar dari                      estimate the fair value of each class of the Group’s
   setiap golongan instrumen keuangan Grup:                           financial instruments:

   1.    Kas dan setara kas, piutang usaha - pihak                    1. Cash and cash equivalents, trade receivables -
         ketiga dan piutang lain-lain - pihak ketiga, dan                third parties, other receivables - third parties,
         pihak berelasi.                                                 and related parties.

          Untuk aset keuangan yang akan jatuh tempo                       For financial assets that are due within
          dalam waktu 12 bulan, nilai tercatat aset                       12 months, the carrying values of the financial
          keuangan     tersebut     dianggap     telah                    assets approximate their fair values.
          mencerminkan nilai wajar dari aset keuangan
          tersebut.

   2.    Utang usaha, utang lain-lain, dan beban akrual.              2. Trade payables, other payables, and accrued
                                                                         expenses.




                                                            142
Page 466
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                    STATEMENTS
             Tanggal 31 Desember 2025                                         As of December 31, 2025
            dan untuk tahun yang berakhir                                      and for year then ended
                pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
               kecuali dinyatakan lain)


34. NILAI WAJAR DARI INSTRUMEN KEUANGAN                            34. FAIR VALUE OF FINANCIAL INSTRUMENTS
    (lanjutan)                                                         (continued)

   Berikut ini adalah metode dan asumsi yang                           The following are the methods and assumptions to
   digunakan dalam mengestimasi nilai wajar dari                       estimate the fair value of each class of the Group’s
   setiap golongan instrumen keuangan Grup:                            financial instruments: (continued)
   (lanjutan)

   3.     Uang jaminan dicatat sebesar biaya historis                  3. Guarantee deposits are carried at historical cost
          karena nilai wajarnya tidak dapat diukur secara                 because their fair values cannot be reliably
          handal. Tidak praktis untuk mengestimasi nilai                  measured. It is not practical to estimate the fair
          wajar dari aset tersebut karena tidak ada                       values of such assets because there are no
          jangka waktu pembayaran yang pasti walaupun                     fixed repayment terms although these are not
          tidak diharapkan untuk diselesaikan dalam                       expected to be settled within 12 months after
          jangka waktu 12 bulan setelah tanggal laporan                   the statement of financial position date.
          posisi keuangan.

         Seluruh liabilitas keuangan di atas merupakan                     All of the above financial liabilities are due within
         liabilitas yang akan jatuh tempo dalam waktu 12                   12 months, thus, the carrying value of the
         bulan sehingga nilai tercatat liabilitas keuangan                 financial liabilities approximate their fair value.
         tersebut telah mencerminkan nilai wajar.

   4.    Pinjaman dari pihak berelasi, utang bank,                     4. Loan to a related party, bank loan, plasma
         piutang plasma, liabilitas sewa pembiayaan,                      receivable, finance lease liabilities, and bonds
         dan utang obligasi.                                              payable.

         Seluruh liabilitas keuangan di atas memiliki                      All of the above financial liabilities have floating
         suku bunga variabel yang disesuaikan dengan                       interest rates which are adjusted based on the
         pergerakan suku bunga pasar sehingga jumlah                       movements of the market interest rates, thus the
         terutang liabilitas keuangan tersebut telah                       payable amounts of this financial liability
         mendekati nilai wajar.                                            approximate its fair values.


35. TUJUAN DAN KEBIJAKAN                   MANAJEMEN               35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    RISIKO KEUANGAN                                                    AND POLICIES

   Liabilitas keuangan Grup terdiri dari utang usaha,                 The Group’s financial liabilities comprise trade
   utang lain-lain, beban akrual, liabilitas imbalan kerja            payables, other payables, accrued expenses, short-
   karyawan jangka pendek, liabilitas sewa                            term employee benefits liabilities, finance lease
   pembiayaan, utang bank jangka panjang, dan                         liabilities, long-term bank loan, and bonds payable.
   utang obligasi. Tujuan utama dari liabilitas                       The main purpose of these financial liabilities is to
   keuangan adalah untuk meningkatkan keuangan                        raise financing for the Group’s operations. The
   operasi Grup. Grup memiliki aset keuangan                          Group has financial assets including cash and cash
   meliputi kas dan setara kas, piutang usaha, piutang                equivalents, trade receivables, other receivables,
   lain-lain, pinjaman kepada pihak berelasi, aset tidak              loan to related parties, other non-current assets -
   lancar lainnya - deposito yang dibatasi                            restricted time deposits, security deposit, long-term
   penggunaanya, uang jaminan, piutang jangka                         receivables to a related party, and plasma
   panjang kepada pihak berelasi, dan piutang                         receivables.
   plasma.




                                                             143
Page 467
                                                                     The original consolidated financial statements included herein
                                                                                                   are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                         STATEMENTS
          Tanggal 31 Desember 2025                                              As of December 31, 2025
         dan untuk tahun yang berakhir                                           and for year then ended
             pada tanggal tersebut                                         (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                         unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                           35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                 AND POLICIES (continued)

   Grup menghadapi risiko pasar, risiko tingkat suku                     The Group is exposed to market risk, interest rate
   bunga, risiko kredit dan risiko likuiditas. Manajemen                 risk, credit risk and liquidity risk. The Company's
   Perusahaan mengawasi manajemen risiko dari                            Management oversees the management of these
   risiko-risiko tersebut. Mengelola risiko ini merupakan                risks. Managing these risks is part of the Group’s
   bagian dari proses manajemen risiko Grup. Direksi                     risk management process. The Board of Directors
   menelaah dan menyetujui kebijakan untuk                               reviews and agrees the policies for managing each
   mengelola setiap risiko sebagai berikut.                              of these risks which are summarized below.

   Risiko pasar                                                          Market risk
   Risiko pasar merupakan risiko dimana nilai wajar                      Market risk is the risk that the fair value of future
   dari arus kas masa depan dari instrumen keuangan                      cash flows of a financial instrument will fluctuate
   akan berfluktuasi disebabkan oleh perubahan harga                     because of changes in market prices. Market prices
   pasar. Harga pasar terdiri dari dua jenis risiko: risiko              comprise two types of risk: foreign currency risk and
   mata uang asing dan risiko harga komoditas.                           commodity price risk. Financial instruments
   Instrumen keuangan dipengaruhi oleh risiko pasar                      affected by market risk include cash and cash
   termasuk kas dan setara kas dan hutang lain-lain.                     equivalents and other payables.

    a. Risiko mata uang asing                                             a.     Foreign currency risk

       Mata uang pelaporan Perusahaan adalah                                    The Company’s reporting currency is Rupiah.
       Rupiah. Perusahaan dapat menghadapi risiko                               The Company faces foreign exchange risk as
       nilai tukar mata uang asing karena penjualan                             its sales and the costs of certain purchases are
       dan biaya beberapa pembelian dalam mata                                  either denominated in foreign currency (mainly
       uang asing (terutama Dolar AS) atau harga                                US Dollar) or whose price is significantly
       yang secara signifikan dipengaruhi oleh                                  influenced by movements in foreign
       perubahan nilai tukar mata uang asing. Tidak                             currencies. There is no formal hedging policy
       ada kebijakan formal lindung nilai sehubungan                            with respect to foreign exchange exposures.
       dengan eksposur valuta asing. Eksposur                                   Exposure to exchange risk is monitored on an
       terhadap risiko nilai tukar dipantau secara                              ongoing basis.
       berkelanjutan.

       Tabel berikut ini menunjukan sensitivitas                                 The following table demonstrates the sensitivity
       kemungkinan perubahan tingkat nilai tukar                                 to a reasonably possible change in the Rupiah
       Rupiah terhadap mata uang asing, dengan                                   exchange rate again foreign currency, with all
       asumsi variabel lain konstan. dampak terhadap                             other variables held constant. the effect to the
       laba sebelum beban pajak penghasilan badan                                profit before corporate income tax expenses is
       sebagai berikut:                                                          as follows:

                                                                     Dampak terhadap
                                                                       Laba sebelum
                                                                        beban pajak
                                                Perubahan           penghasilan badan/
                                                tingkat Rp/            Effect on profit
                                                Change in             before corporate
                                                  Rp rate           income tax expense

        31 Desember 2025                                                                                  December 31, 2025
        Dolar AS                                         +10%                    17.831.629                       US Dollar
        Dolar AS                                         -10%                   (17.831.629)                      US Dollar
        31 Desember 2024                                                                                  December 31, 2024
        Dolar AS                                         +10%                   324.472.071                       US Dollar
        Dolar AS                                         -10%                  (324.472.071)                      US Dollar
        31 Desember 2023                                                                                  December 31, 2023
        Dolar AS                                         +10%                    35.965.029                       US Dollar
        Dolar AS                                         -10%                   (35.965.029)                      US Dollar



                                                              144
Page 468
                                                                   The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                    STATEMENTS
             Tanggal 31 Desember 2025                                         As of December 31, 2025
            dan untuk tahun yang berakhir                                      and for year then ended
                pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                    unless otherwise stated)
               kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                         35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                               AND POLICIES (continued)

  Risiko pasar (lanjutan)                                              Market risk (continued)

   b.    Risiko harga komoditas                                        b.   Commodity price risk

         Grup terkena dampak risiko harga komoditas                         The Group is exposed to commodity price risk
         yang dipengaruhi oleh beberapa faktor, antara                      due to certain factors such as weather,
         lain cuaca, kebijakan pemerintah, tingkat                          government policy, level of demand and supply
         permintaan dan penawaran pasar, dan                                in the market, and the global economic
         lingkungan ekonomi global. Dampak tersebut                         environment. Such exposure mainly arises
         terutama timbul dari penjualan produk kelapa                       from its sales of oil palm products where the
         sawit, di mana marjin laba atas penjualan                          profit margin on sale of oil palm products may
         produk kelapa sawit tersebut terpengaruh                           be affected from international market prices
         fluktuasi harga pasar internasional.                               fluctuations.

         Tidak ada kebijakan formal lindung nilai                           There is no formal hedging policy with respect
         sehubungan dengan eksposur risiko harga                            to the commodity price risk. Exposure to the
         komoditas. Eksposur terhadap risiko harga                          commodity price risk is monitored on an
         komoditas dipantau secara berkelanjutan.                           ongoing basis

   Risiko tingkat suku bunga                                           Interest rate risk
   Risiko tingkat suku bunga Grup terutama timbul dari                 The Group's interest rate risk mainly arises from
   pinjaman untuk tujuan modal kerja dan investasi.                    loans for working capital and investment purposes.
   Pinjaman pada berbagai tingkat suku bunga                           Loans at variable rates expose the Group to fair
   variabel menunjukkan Grup kepada nilai wajar                        value interest rate risk. There is no formal hedging
   risiko tingkat suku bunga. Tidak ada kebijakan                      policy with respect to interest rate exposures.
   formal lindung nilai sehubungan dengan eksposur                     Exposure to interest rate risk is monitored on an
   tingkat bunga. Eksposur terhadap risiko tingkat                     ongoing basis.
   bunga dipantau secara berkelanjutan.
   Tabel   berikut  ini  menunjukan      sensitifitas                  The following table demonstrates the sensitivity to
   kemungkinan perubahan tingkat suku bunga                            a reasonably possible change in interest rates on
   pinjaman. Dengan asumsi variabel lain konstan,                      that portion of loans. With all other variables held
   laba   sebelum   beban    pajak   konsolidasian                     constant, the consolidated profit before tax expense
   penghasilan badan dipengaruhi oleh tingkat suku                     is affected through the impact on floating rate loans
   bunga mengambang sebagai berikut:                                   as follows:
                                                                   Dampak terhadap
                                             Kenaikan/                laba sebelum
                                         penurunan dalam               beban pajak
                                            satuan poin/          penghasilan badan/
                                              Increase/              Effect on profit
                                              decrease              before corporate
                                           in basis point         income tax expense
  31 Desember 2025                                                                                         December 31, 2025
  Rupiah                                             +100                    (13.640.110 )                           Rupiah
  Dolar AS                                           +100                      3.655.484                           US Dollar
  Rupiah                                             -100                     13.640.110                             Rupiah
  Dolar AS                                           -100                     (3.655.484 )                         US Dollar
  31 Desember 2024                                                                                         December 31, 2024
  Rupiah                                             +100                    (66.516.775 )                           Rupiah
  Dolar AS                                           +100                    (56.979.409 )                         US Dollar
  Rupiah                                             -100                     66.516.775                             Rupiah
  Dolar AS                                           -100                     56.979.409                           US Dollar
  31 Desember 2023                                                                                         December 31, 2023
  Rupiah                                             +100                   (140.593.873 )                           Rupiah
  Dolar AS                                           +100                     (7.372.831 )                         US Dollar
  Rupiah                                             -100                    140.593.873                             Rupiah
  Dolar AS                                           -100                      7.372.831                           US Dollar


                                                            145
Page 469
                                                                         The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                             STATEMENTS
          Tanggal 31 Desember 2025                                                  As of December 31, 2025
         dan untuk tahun yang berakhir                                               and for year then ended
             pada tanggal tersebut                                             (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                             unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                            35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                  AND POLICIES (continued)

   Risiko kredit (lanjutan)                                                  Credit risk (continued)

   Risiko kredit yang dihadapi oleh Grup berasal dari                        The Group is exposed to credit risk arising from the
   kredit yang diberikan kepada pelanggan. Untuk                             credit granted to its customers. To mitigate this risk,
   meringankan resiko ini, ada kebijakan untuk                               it has policies in place to ensure that sales of
   memastikan penjualan produk hanya dibuat kepada                           products are made only to creditworthy customers
   pelanggan yang dapat dipercaya dan terbukti                               with proven track record or good credit history. In
   mempunyai sejarah kredit yang baik. Sebagai                               addition, receivable balances are monitored on an
   tambahan, saldo piutang dipantau secara terus                             ongoing basis to reduce the Company's exposure
   menerus untuk mengurangi kemungkinan piutang                              to bad debts.
   yang tidak tertagih.

   Tabel berikut menggambarkan jumlah risiko kredit                         The following table sets out the total credit risk and
   dan konsentrasi risiko yang dimiliki Grup pada                           risk concentration of the Group as of December 31,
   tanggal-tanggal 31 Desember 2025, 2024, dan                              2025, 2024, and 2023:
   2023:
                                    Tahun yang berakhir pada tanggal 31 Desember 2025/
                                              Year ended December 31, 2025

                                      Belum jatuh        Jatuh tempo
                                       tempo dan          dan tidak
                                    tidak mengalami       mengalami
                                    penurunan nilai/   penurunan nilai/
                                    Neither past due     Past due but           Jumlah/
                                      nor impaired       not impaired            Total

   Kas dan setara kas                   874.059.881                  -           874.059.881           Cash and cash equivalents
   Piutang usaha                        895.745.304                  -           895.745.304                   Trade receivables
   Piutang lain - lain                  613.584.624                  -           613.584.624                    Other receivables
   Pinjaman kepada pihak berelasi     1.376.020.043                  -         1.376.020.043               Loan to related parties
   Aset lancar lainnya                      839.957                  -               839.957                 Other current assets
   Piutang plasma                       400.144.511                  -           400.144.511                  Plasma receivables
   Aset tidak lancar lainnya -
      Deposito yang                                                                                     Other non-current assets -
      dibatasi penggunaannya              6.007.575                  -             6.007.575            Restricted time deposits
   Aset tidak lancar lainnya -                                                                          Other non-current assets -
      uang jaminan                        3.543.929                  -             3.543.929                  guarentee deposits

  Total                               4.169.945.824                  -         4.169.945.824                                 Total


                                    Tahun yang berakhir pada tanggal 31 Desember 2024/
                                              Year ended December 31, 2024

                                      Belum jatuh        Jatuh tempo
                                       tempo dan          dan tidak
                                    tidak mengalami       mengalami
                                    penurunan nilai/   penurunan nilai/
                                    Neither past due     Past due but           Jumlah/
                                      nor impaired       not impaired            Total

   Kas dan setara kas                 1.180.286.182                  -         1.180.286.182           Cash and cash equivalents
   Piutang usaha                        458.199.306                  -           458.199.306                   Trade receivables
   Piutang lain - lain                  590.058.003                  -           590.058.003                    Other receivables
   Pinjaman kepada pihak berelasi        51.190.924                  -            51.190.924               Loan to related parties
   Aset lancar lainnya                  643.767.663                  -           643.767.663                 Other current assets
   Piutang plasma                       450.283.638                  -           450.283.638                  Plasma receivables
   Aset tidak lancar lainnya -
      Deposito yang                                                                                     Other non-current assets -
      dibatasi penggunaannya              6.007.575                  -             6.007.575            Restricted time deposits

  Total                               3.379.793.291                  -         3.379.793.291                                 Total

                                                              146
Page 470
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                        STATEMENTS
          Tanggal 31 Desember 2025                                             As of December 31, 2025
         dan untuk tahun yang berakhir                                          and for year then ended
             pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                       35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                             AND POLICIES (continued)

   Risiko kredit (lanjutan)                                             Credit risk (continued)

   Tabel berikut menggambarkan jumlah risiko kredit                     The following table sets out the total credit risk and
   dan konsentrasi risiko yang dimiliki Grup pada                       risk concentration of the Group as of December 31,
   tanggal-tanggal 31 Desember 2025, 2024, dan                          2025, 2024, and 2023: (continued)
   2023: (lanjutan)

                               Tahun yang berakhir pada tanggal 31 Desember 2023/
                                         Year ended December 31, 2023

                                 Belum jatuh        Jatuh tempo
                                  tempo dan          dan tidak
                               tidak mengalami       mengalami
                               penurunan nilai/   penurunan nilai/
                               Neither past due     Past due but           Jumlah/
                                 nor impaired       not impaired            Total

   Kas dan setara kas             1.237.290.419                 -         1.237.290.419           Cash and cash equivalents
   Piutang usaha                    594.185.872                 -           594.185.872                   Trade receivables
   Piutang lain - lain              339.963.912                 -           339.963.912                    Other receivables
   Pinjaman kepada pihak berelasi   475.623.562                 -           475.623.562               Loan to related parties
   Aset lancar lainnya              888.190.872                 -           888.190.872                 Other current assets
   Piutang plasma                   593.231.800                 -           593.231.800                  Plasma receivables
   Pinjaman jangka panjang kepada
      pemegang saham yang dapat                                                                    Long-term convertible loan
      dikonversi                    219.473.951                 -           219.473.951                    to a shareholder
   Aset tidak lancar lainnya -
      Deposito yang                                                                                Other non-current assets -
      dibatasi penggunaannya          6.007.575                 -             6.007.575            Restricted time deposits
   Aset tidak lancar lainnya -                                                                     Other non-current assets -
      uang jaminan                    3.170.277                 -             3.170.277                  guarentee deposits

  Total                           4.357.138.240                 -         4.357.138.240                                 Total


   Risiko likuiditas                                                    Liquidity risk

   Risiko likuiditas adalah risiko bahwa Grup akan                      Liquidity risk is the risk that the Group will encounter
   mengalami kesulitan dalam memenuhi liabilitas                        difficulty in meeting financial obligation due to
   keuangan karena kekurangan dana.                                     shortage of liquidity.

   Grup mengelola profil likuiditasnya untuk dapat                      The Group manages its liquidity profile to be able to
   mendanai pengeluaran modalnya dan mengelola                          finance its capital expenditure and service its
   utang yang jatuh tempo dengan mengatur kas dan                       maturing debts by maintaining sufficient cash and
   ketersediaan pendanaan melalui jumlah komitmen                       the availability of funding through an adequate
   fasilitas kredit yang cukup.                                         amount of committed credit facilities.




                                                         147
Page 471
                                                                                The original consolidated financial statements included herein
                                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                     STATEMENTS
          Tanggal 31 Desember 2025                                                          As of December 31, 2025
         dan untuk tahun yang berakhir                                                       and for year then ended
             pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                      35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                            AND POLICIES (continued)

   Risiko likuiditas (lanjutan)                                                      Liquidity risk (continued)

   Tabel berikut ini menunjukan profil jangka waktu                                  The table below summarises the maturity profile of
   pembayaran       liabilitas Grup      berdasarkan                                 the Group’s financial liabilities based on contractual
   pembayaran dalam kontrak.                                                         payments.

                                              Untuk tahun yang Berakhir pada Tanggal 31 Desember 2025
                                                        For the year Ended December 31, 2025

                         Kurang dari 1 tahun/      1-2 tahun/          2-5 tahun/           >5 tahun/         Total/
                          Less than 1 year         1-2 years            2-5 years           >5 years          Total

    Utang usaha                                                                                                                 Trade payables
       Pihak ketiga             530.508.890                     -                   -                   -    530.508.890         Third parties
       Pihak berelasi           219.548.542                     -                   -                   -    219.548.542      Related parties
     Beban akrual                56.748.335                     -                   -                   -     56.748.335     Accrued expenses
     Utang lain-lain                                                                                                             Other payables
       Pihak ketiga             411.850.231                     -                   -                   -    411.850.231         Third parties
       Pihak berelasi            86.023.482                     -                   -                   -     86.023.482      Related parties
     Utang bank jangka                                                                                                               Short-term
       pendek                 1.698.144.691                     -                   -                   -   1.698.144.691           bank loan
     Liabilitas                                                                                                             Current maturities of
       pembiayaan                                                                                                           consumer finance
       konsumen                  11.196.702                     -                   -                   -     11.196.702              liabilties
     Liabilitas imbalan kerja                                                                                                        Short-term
       karyawan                                                                                                             employee benefits
       jangka pendek            192.677.277                     -                   -                   -    192.677.277             liabilities
     Utang bank jangka
       panjang - setelah
       dikurangi bagian                                                                                                         Long term bank
       jatuh tempo dalam                                                                                                         loan - net of
       satu tahun                         -      1.262.291.735        2.183.709.325     2.003.502.908       5.449.503.968   current maturities
     Total                  3.206.698.150        1.262.291.735        2.183.709.325     2.003.502.908       8.656.202.118                Total

                                              Untuk tahun yang Berakhir pada Tanggal 31 Desember 2024
                                                        For the year Ended December 31, 2024

                         Kurang dari 1 tahun/      1-2 tahun/          2-5 tahun/           >5 tahun/         Total/
                          Less than 1 year         1-2 years            2-5 years           >5 years          Total

    Utang usaha                                                                                                                 Trade payables
       Pihak ketiga             303.690.105                     -                   -                   -    303.690.105         Third parties
       Pihak berelasi            85.744.054                     -                   -                   -     85.744.054      Related parties
     Beban akrual               167.054.235                     -                   -                   -    167.054.235     Accrued expenses
     Utang lain-lain                                                                                                             Other payables
       Pihak ketiga             398.306.812                     -                   -                   -    398.306.812         Third parties
       Pihak berelasi            41.910.784                     -                   -                   -     41.910.784      Related parties
     Utang bank jangka                                                                                                               Short-term
       pendek                 2.195.100.881                     -                   -                   -   2.195.100.881           bank loan
     Liabilitas                                                                                                             Current maturities of
       pembiayaan                                                                                                           consumer finance
       konsumen                   6.254.118                     -                   -                   -      6.254.118              liabilties
     Liabilitas imbalan kerja                                                                                                        Short-term
       karyawan                                                                                                             employee benefits
       jangka pendek            159.070.367                     -                   -                   -    159.070.367             liabilities
     Utang bank jangka
       panjang - setelah
       dikurangi bagian                                                                                                         Long term bank
       jatuh tempo dalam                                                                                                         loan - net of
       satu tahun                         -      1.269.607.195        2.069.009.997     1.547.422.213       4.886.039.405   current maturities
     Total                  3.357.131.356        1.269.607.195        2.069.009.997     1.547.422.214       8.243.170.761                Total




                                                                       148
Page 472
                                                                                The original consolidated financial statements included herein
                                                                                                              are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                     STATEMENTS
          Tanggal 31 Desember 2025                                                          As of December 31, 2025
         dan untuk tahun yang berakhir                                                       and for year then ended
             pada tanggal tersebut                                                     (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                     unless otherwise stated)
            kecuali dinyatakan lain)


35. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                                      35. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                            AND POLICIES (continued)

   Risiko likuiditas (lanjutan)                                                      Liquidity risk (continued)

   Tabel berikut ini menunjukan profil jangka waktu                                  The table below summarises the maturity profile of
   pembayaran       liabilitas Grup      berdasarkan                                 the Group’s financial liabilities based on contractual
   pembayaran dalam kontrak. (lanjutan)                                              payments. (continued)
                                              Untuk tahun yang Berakhir pada Tanggal 31 Desember 2023
                                                        For the year Ended December 31, 2023

                         Kurang dari 1 tahun/      1-2 tahun/          2-5 tahun/           >5 tahun/         Total/
                          Less than 1 year         1-2 years            2-5 years           >5 years          Total

    Utang usaha                                                                                                                 Trade payables
       Pihak ketiga             279.793.618                     -                   -                   -    279.793.618         Third parties
       Pihak berelasi            61.185.960                     -                   -                   -     61.185.960      Related parties
     Beban akrual                66.327.664                     -                   -                   -     66.327.664     Accrued expenses
     Utang lain-lain                                                                                                             Other payables
       Pihak ketiga             740.276.157                     -                   -                   -    740.276.157         Third parties
       Pihak berelasi            36.733.613                     -                   -                   -     36.733.613      Related parties
     Utang bank jangka                                                                                                               Short-term
       Pendek                 2.437.341.526                     -                   -                   -   2.437.341.526           bank loan
     Liabilitas                                                                                                             Current maturities of
       pembiayaan                                                                                                           consumer finance
       konsumen                     399.347                     -                   -                   -        399.347              liabilties
     Liabilitas imbalan kerja                                                                                                        Short-term
       karyawan                                                                                                             employee benefits
       jangka pendek            147.986.415                     -                   -                   -    147.986.415             liabilities
     Utang bank jangka
       panjang - setelah
       dikurangi bagian                                                                                                         Long term bank
       jatuh tempo dalam                                                                                                         loan - net of
       satu tahun                         -      2.628.481.866        2.272.266.833       874.306.769       5.775.055.468   current maturities
    Total                   3.770.044.300        2.628.481.866        2.272.266.833       874.306.769       9.545.099.768                  Total




36. INFORMASI SEGMEN                                                           36. SEGMENT INFORMATION
   Pada tanggal 31 Desember 2025, 2024, dan 2023,                                   As of December 31, 2025, 2024, and 2023, the
   Grup menjalankan dan mengelola usahanya dalam                                    Group operates and manages its business in 2 (two)
   2 (dua) segmen yaitu perkebunan kelapa sawit serta                               segment that is oil palm plantations and sells its
   menjual produknya di 1 (satu) wilayah yaitu                                      products in 1 (one) region that is Central Kalimantan
   Kalimantan Tengah dan minyak nabati dengan                                       and edible oil that sold the products in local and
   penjualan dilakukan di pasar lokal dan ekspor.                                   export markets.

   Untuk kepentingan manajemen, Grup digolongkan                                    For management purposes, the Group is organized
   menjadi unit usaha berdasarkan produk dan jasa                                   into business units based on their products and
   dan memiliki dua segmen operasi dilaporkan                                       services and has two reportable operating segments
   sebagai berikut:                                                                 as follows:

   Segmen Perkebunan                                                                Plantations Segment
   Segmen Perkebunan melakukan kegiatan usaha                                       Plantations segment is involved in the development
   dalam pengembangan dan pemeliharaan terkait                                      and maintenance of primary bearer plants, such as
   tanaman produktif utama, yaitu kelapa sawit dan                                  oil palm and other business activities relating to
   aktivitas usaha lainnya yang berkaitan dengan                                    processing of the produce into finished goods, and
   pengolahan hasil perkebunan menjadi barang jadi,                                 the related marketing and selling activities.
   dan aktivitas pemasaran dan penjualan terkait.

   Segmen Minyak Nabati                                                             Edible Oil Segment
   Segmen Minyak Nabati memproduksi, memasarkan,                                    Edible Oil segment produces, markets, and sells
   dan menjual minyak nabati dan produk terkait                                     edible oil and other related products
   lainnya.

                                                                       149
Page 473
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED FINANCIAL
                 KONSOLIDASIAN                                                                      STATEMENTS
           Tanggal 31 Desember 2025                                                           As of December 31, 2025
          dan untuk tahun yang berakhir                                                        and for year then ended
              pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
             kecuali dinyatakan lain)


36. INFORMASI SEGMEN (lanjutan)                                                  36. SEGMENT INFORMATION (continued)

    Segmen Operasi                                                                    Operating Segments

    Manajemen memantau hasil operasi dari unit                                        Management monitors the operating results of its
    usahanya secara terpisah guna keperluan                                           business units separately for the purpose of making
    pengambilan keputusan mengenai alokasi sumber                                     decisions    about     resource    allocation  and
    daya dan penilaian kinerja. Kinerja segmen                                        performance assessment. Segment performance is
    dievaluasi berdasarkan laba rugi operasi dan diukur                               evaluated based on operating profit or loss and is
    secara konsisten dengan laba rugi operasi pada                                    measured consistently with operating profit or loss
    laporan     keuangan     konsolidasian.    Namun,                                 in the consolidated financial statements. However,
    pendanaan Grup (termasuk beban keuangan dan                                       the Group financing (including finance costs and
    penghasilan keuangan) dan pajak penghasilan                                       finance income) and income taxes are managed on
    dikelola secara grup dan tidak dialokasikan kepada                                a group basis and are not allocated to operating
    segmen operasi.                                                                   segments.

    Harga transfer antar entitas hukum dan antar                                      Transfer prices between legal entities and segments
    segmen diatur dengan cara yang serupa dengan                                      are set on a manner similar to transactions with third
    transaksi dengan pihak ketiga.                                                    parties.

    Tabel berikut ini menyajikan informasi pendapatan                                 The following table presents revenue and profit, and
    dan laba dan aset dan liabilitas tertentu sehubungan                              certain asset and liability information regarding the
    dengan segmen operasi Grup:                                                       Group’s operating segments:
                                                               Minyak dan
                                                              Lemak Nabati/
                                            Perkebunan/         Edible Oil        Eliminasi/          Total/
                                            Plantations         and Fats         Eliminations         Total
     Tahun yang Berakhir                                                                                                                     Year Ended
        pada Tanggal 31 Desember 2025                                                                                            December 31, 2025
     Penjualan                                                                                                                                     Sales
     Penjualan kepada pelanggan eksternal      842.359.378     13.970.811.413                 -     14.813.170.792           Sales to external customers
     Penjualan antar segmen                  8.826.257.498                  -    (8.826.257.498 )                -                   Inter-segment sales
     Total penjualan                         9.668.616.876     13.970.811.413    (8.826.257.496 )   14.813.170.792                            Total sales

     Laba                                                                                                                                       Results
     Laba usaha segmen dilaporkan            2.244.249.191       366.418.691        (63.122.579)     2.547.545.303    Reportable segment operating profit

     Beban keuangan neto yang tidak
       dapat dialokasikan                                                                             (595.618.035)         Unallocated net finance costs
     Bagian kerugian atas                                                                                                             Equity in net losses
       entitas asosiasi                                                                                (24.766.424)             of an associate entity
     Beban pajak penghasilan                                                                          (534.525.859)                  Income tax expense

     Laba tahun berjalan                                                                             1.392.634.985                    Profit for the year

     Informasi segmen lainnya                                                                                                Other segment information
     Belanja modal                             280.330.822       276.563.254                    -      556.894.076                  Capital expenditures
     Penyusutan dan amortisasi                (729.725.165)       (40.582.817)                  -     (770.307.982)        Depreciation and amortization

     Aset dan Liabilitas                                                                                                          Assets and Liabilities
     Aset segmen dilaporkan                 16.050.635.137      4.117.813.332    (7.110.127.987)    13.058.320.481            Reportable segment assets

     Aset yang tidak dialokasikan                                                                     525.653.320
     Aset Grup                                                                                      13.583.973.802                      Group’s Assets

     Liabilitas segmen dilaporkan            8.981.233.192      3.007.194.969    (1.345.916.159)    10.642.512.002          Reportable segment liabilities

     Liabilitas Grup                                                                                10.642.512.002                   Group’s Liabilities




                                                                         150
Page 474
                                                                               The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                    STATEMENTS
          Tanggal 31 Desember 2025                                                         As of December 31, 2025
         dan untuk tahun yang berakhir                                                      and for year then ended
             pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
            kecuali dinyatakan lain)


36. INFORMASI SEGMEN (LANJUTAN)                                               36. SEGMENT INFORMATION (CONTINUED)
   Segmen Operasi (lanjutan)                                                        Operating Segments (continued)
   Tabel berikut ini menyajikan informasi pendapatan                                The following table presents revenue and profit, and
   dan laba dan aset dan liabilitas tertentu sehubungan                             certain asset and liability information regarding the
   dengan segmen operasi Grup: (lanjutan)                                           Group’s operating segments: (continued)
                                                             Minyak dan
                                                            Lemak Nabati/
                                           Perkebunan/        Edible Oil       Eliminasi/          Total/
                                           Plantations        and Fats        Eliminations         Total
    Tahun yang Berakhir                                                                                                                   Year Ended
       pada Tanggal 31 Desember 2024                                                                                          December 31, 2024
    Penjualan                                                                                                                                   Sales
    Penjualan kepada pelanggan eksternal      600.691.933     9.766.107.502                 -    10.366.799.435           Sales to external customers
    Penjualan antar segmen                  6.147.722.334                 -    (6.147.722.334)                -                    Inter-segment sales
    Total penjualan                         6.748.414.267     9.766.107.502    (6.147.722.334)   10.366.799.435                            Total sales

    Laba                                                                                                                                     Results
    Laba usaha segmen dilaporkan            1.671.306.316      122.047.466        (27.117.835)    1.766.235.947    Reportable segment operating profit

    Beban keuangan neto yang tidak
      dapat dialokasikan                                                                           (511.582.620)         Unallocated net finance costs
    Bagian kerugian atas                                                                                                           Equity in net losses
      entitas asosiasi                                                                              (41.471.530)             of an associate entity
    Beban pajak penghasilan                                                                        (381.411.917)                  Income tax expense

    Laba tahun berjalan                                                                             831.769.880                    Profit for the year

    Informasi segmen lainnya                                                                                              Other segment information
    Belanja modal                             251.488.075      117.019.241                   -     368.507.316                   Capital expenditures
    Penyusutan dan amortisasi                 403.936.596       44.368.671                   -     448.305.267          Depreciation and amortization

    Aset dan Liabilitas                                                                                                        Assets and Liabilities
    Aset segmen dilaporkan                 13.103.361.921     4.200.322.569    (5.982.986.008)   11.320.698.482            Reportable segment assets

    Aset yang tidak dialokasikan                                                                   550.419.743
    Aset Grup                                                                                    11.871.118.225                      Group’s Assets

    Liabilitas segmen dilaporkan            6.012.459.037     3.231.021.262     (257.130.335)     8.986.349.964          Reportable segment liabilities

    Liabilitas Grup                                                                               8.986.349.964                   Group’s Liabilities

                                                             Minyak dan
                                                            Lemak Nabati/
                                           Perkebunan/        Edible Oil       Eliminasi/          Total/
                                           Plantations        and Fats        Eliminations         Total
    Tahun yang Berakhir                                                                                                                   Year Ended
       pada Tanggal 31 Desember 2023                                                                                          December 31, 2023
    Penjualan                                                                                                                                   Sales
    Penjualan kepada pelanggan eksternal      383.974.404    10.319.437.441                 -    10.703.411.845           Sales to external customers
    Penjualan antar segmen                  5.766.447.286                 -    (5.766.447.286)                -                    Inter-segment sales
    Total penjualan                         6.150.421.690    10.319.437.441    (5.766.447.286)   10.703.411.845                            Total sales

    Laba                                                                                                                                     Results
    Laba usaha segmen dilaporkan              919.708.880      241.541.978        35.032.642      1.196.283.500    Reportable segment operating profit

    Beban keuangan neto yang tidak
      dapat dialokasikan                                                                           (590.808.141)         Unallocated net finance costs
    Bagian kerugian atas                                                                                                           Equity in net losses
      entitas asosiasi                                                                              (53.340.212)             of an associate entity
    Beban pajak penghasilan                                                                        (208.119.522)                  Income tax expense

    Laba tahun berjalan                                                                            344.015.625                     Profit for the year

    Informasi segmen lainnya                                                                                             Other segment information
    Belanja modal                             451.567.207      19.182.746                    -     470.749.953                   Capital expenditures
    Penyusutan dan amortisasi                 359.782.024      42.147.765                    -     401.929.789          Depreciation and amortization

    Aset dan Liabilitas                                                                                                        Assets and Liabilities
    Aset segmen dilaporkan                 16.050.635.137     4.117.813.332    (7.110.127.987)   13.058.320.482            Reportable segment assets

    Aset yang tidak dialokasikan                                                                   525.653.320
    Aset Grup                                                                                    13.583.973.802                      Group’s Assets

    Liabilitas segmen dilaporkan            8.981.233.192     3.007.194.969    (1.345.916.159)   10.642.512.002          Reportable segment liabilities

    Liabilitas Grup                                                                              10.642.512.002                   Group’s Liabilities



                                                                       151
Page 475
                                                                                                         The original consolidated financial statements included herein
                                                                                                                                       are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                                                           PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                                                                       AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED FINANCIAL
                   KONSOLIDASIAN                                                                                             STATEMENTS
             Tanggal 31 Desember 2025                                                                                  As of December 31, 2025
            dan untuk tahun yang berakhir                                                                               and for year then ended
                pada tanggal tersebut                                                                             (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                                                             unless otherwise stated)
               kecuali dinyatakan lain)


37. AREA PERKEBUNAN                                                                                      37. PLANTATION AREA

                                                       31 Desember 2025/           31 Desember 2024/              31 Desember 2023/
                                                       December 31, 2025           December 31, 2024              December 31, 2023
                                                          (Dalam Ha/                   (Dalam Ha/                     (Dalam Ha/
                                                             in Ha                       in Ha)                         in Ha)

    Tanaman menghasilkan                                            76.850                        68.941                        68.901                          Mature plantations
    Tanaman belum menghasilkan                                         464                           286                           266                        Immature plantations
    Lain-lain                                                       26.977                        23.997                        24.367                                     Others

      Total                                                        104.291                        93.224                        93.534                                               Total


    Selama 2024, terjadi penghapusan hak guna usaha                                                            During 2024, there was a cancellation of land use
    atas area perkebunan MPP seluas 310,14 Ha                                                                  rights over an area of 310.14 Ha of the MPP
    karena adanya areal High Conservation Value di                                                             plantation due to the presence of High Conservation
    dalam area perkebunan tersebut.                                                                            Value areas within that plantation.

    Area perkebunan di atas berlokasi di Desa Tamiang,                                                         Plantations area above are located in Tamiang
    Kecamatan     Bulik,    Kabupaten       Lamandau,                                                          Village, Bulik District, Lamandau Regency, Central
    Kalimantan Tengah.                                                                                         Kalimantan.


38. ASET DAN LIABILITAS MONETER DALAM MATA                                                               38. MONETARY   ASSETS    AND   LIABILITIES
    UANG ASING                                                                                               DENOMINATED IN FOREIGN CURRENCIES
                                             31 Desember 2025/                       31 Desember 2024/                      31 Desember 2023/
                                             December 31, 2025                       December 31, 2024                      December 31, 2023

                                          Mata                                    Mata                                    Mata
                                      Uang Asing                              Uang Asing                              Uang Asing
                                     (nilai penuh)/                          (nilai penuh)/                          (nilai penuh)/
                                        Foreign            Ekuivalen/           Foreign           Ekuivalen/            Foreign          Ekuivalen/
                                       Currency            Equivalent          Currency           Equivalent           Currency          Equivalent
                                     (full amount)           in Rp           (full amount)          in Rp            (full amount)         in Rp

  Aset                                                                                                                                                                              Assets
  Kas dan setara kas - dalam                                                                                                                                 Cash and cash equivalents - in
      Dolar AS                         AS$ 7.614.723         127.790.274      AS$9.330.258          150.795.624       AS$2.735.002         42.162.786                         US Dollar
  Bank yang dibatasi penggunaannya                                                                                                                                 Restricted cash in bank
      - dalam Dolar AS                      AS$Nihil                    -    AS$39.135.351          632.505.543      AS$57.614.872        888.190.867                    - in US Dollar
  Piutang usaha - dalam
      Dolar AS                         AS$4.489.160           75.339.108        AS$444.128            7.179.321      AS$18.747.847        289.016.809      Trade receivables - in US Dollar
  Piutang lain-lain - dalam
      Dolar AS                              AS$Nihil                   -           AS$Nihil                   -      AS$35.276.231        543.818.377      Other receivables - in US Dollar
  Aset lancar lainnya - dalam Dolar AS    AS$51.971              872.179        AS$696.827           11.262.118           AS$Nihil                  -    Other current assets - in US Dollar

                                                             204.001.561                            801.742.606                          1.763.188.839


  Liabilitas                                                                                                                                                                      Liabilities
  Utang bank - dalam Dolar AS        AS$73.004.814         1.225.167.792    AS$192.338.230        3.108.586.635     AS$220.070.187       3.392.602.003             Bank loan - in US Dollar
  Utang usaha - dalam Dolar AS            AS$Nihil                     -          AS$Nihil                    -      AS$21.311.112         328.532.103        Trade payables - in US Dollar
  Utang lain-lain - dalam Dolar AS    AS$1.443.527            24.225.270          AS$Nihil                    -       AS$1.018.098          15.694.999        Other payables - in US Dollar
  Beban yang masih harus dibayar
      - dalam Dolar AS                          AS$-             246.276      AS$7.356.992          118.903.704       AS$1.742.154         26.857.046      Accrued expenses - in US Dollar

                                                           1.249.639.338                          3.227.490.339                          3.763.686.151

  Liabilitas moneter, neto                                 1.045.637.777                          2.425.747.733                          2.000.497.312               Monetary liabilities, net




    Apabila liabilitas neto dalam mata uang selain                                                                If the net position of liabilities in currencies other
    Rupiah pada tanggal 31 Desember 2025 dinyatakan                                                               than Rupiah as of December 31, 2025, is reflected
    dengan menggunakan kurs tengah nilai tukar mata                                                               using the middle rates Rp16,957 (full amount) of
    uang asing Rp16.957 (angka penuh) pada tanggal                                                                exchange as of the completion date of these
    penyelesaian laporan keuangan konsolidasian ini,                                                              consolidated financial statements, the net liabilities
    maka liabilitas dalam mata uang asing neto akan                                                               in foreign currencies will increase by approximately
    bertambah sebesar Rp15.155.734.                                                                               Rp15,155,734.




                                                                                              152
Page 476
                                                                                     The original consolidated financial statements included herein
                                                                                                                   are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                                        PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                                    AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                                          STATEMENTS
          Tanggal 31 Desember 2025                                                               As of December 31, 2025
         dan untuk tahun yang berakhir                                                            and for year then ended
             pada tanggal tersebut                                                          (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                                          unless otherwise stated)
            kecuali dinyatakan lain)


39. TAMBAHAN INFORMASI ARUS KAS                                                     39. SUPPLEMENTARY CASH FLOW INFORMATION

   Perubahan pada liabilitas yang timbul dari aktivitas                                   Changes in liabilities arising from financing activities
   pendanaan pada laporan arus kas konsolidasian                                          in the consolidated cash flow statement are as
   adalah sebagai berikut:                                                                follows:
                                                                                                  Selisih kurs/
                         1 Januari 2025/ Penambahan/      Pengurangan/        Biaya Pinjaman/       Foreign         31 Desember 2025/
                        January 1, 2025   (Additions)     (Repayment)         Cost of Fund         exchange         December 31, 2025

   Utang bank
      jangka pendek       2.195.100.881   4.027.389.929    (4.508.674.874)                   -      (15.671.245)       1.698.144.691        Short-term bank loan
   Utang bank
   jangka panjang         4.886.039.405   5.508.829.255    (3.903.632.552)         (57.886.105)        7.229.929       6.440.579.932        Long-term bank loan

   Total                  7.081.140.286   9.536.219.184    (8.412.307.426)         (57.886.105)      (8.441.316)        8.138.724.623                     Total



                                                                                                  Selisih kurs/
                         1 Januari 2024/ Penambahan/      Pengurangan/        Biaya Pinjaman/       Foreign         31 Desember 2024/
                        January 1, 2024   (Additions)     (Repayment)         Cost of Fund         exchange         December 31, 2024

   Utang bank
      jangka pendek       2.437.341.526   5.047.176.165   (5.351.777.862)                    -        62.361.052       2.195.100.881        Short-term bank loan
   Utang bank
      jangka panjang      5.775.055.468      53.971.510     (975.210.231)          11.628.884         20.593.774       4.886.039.405        Long-term bank loan

   Total                  8.212.396.994   5.101.147.675    (6.326.988.093)         11.628.884         82.954.826        7.081.140.286                     Total



                                                                                                  Selisih kurs/
                         1 Januari 2023/ Penambahan/      Pengurangan/        Biaya Pinjaman/       Foreign         31 Desember 2023/
                        January 1, 2023   (Additions)     (Repayment)         Cost of Fund         exchange         December 31, 2023

   Utang bank
      jangka pendek        973.981.690    5.483.049.559   (3.973.110.140)                    -       (46.579.583)      2.437.341.526        Short-term bank loan
   Utang bank
      jangka panjang      5.667.029.392    850.000.000     (735.351.728)            5.237.848        (11.860.043)      5.775.055.469        Long-term bank loan
   Utang obligasi           633.067.305              -     (663.250.968)              475.865         29.707.798                   -              Bond payable

   Total                  7.274.078.387   6.333.049.559   (5.371.712.836)           5.713.713        (28.731.828)       8.212.396.995                     Total




40. TRANSAKSI NON-KAS                                                               40. NON-CASH TRANSACTIONS

   Berikut ini transaksi non-kas signifikan:                                              Listed below are significant non-cash transactions:

                                          Untuk tahun yang berakhir pada Tanggal 31 Desember/
                                                    For the years ended December 31,

                                              2025                     2024                       2023

   Reklasifikasi tanaman belum                                                                                                   Reclassification of immature
     menghasilkan ke tanaman menghasilkan 10.808.865                         3.809.985              1.862.986            plantations to mature plantations
   Reklasifikasi aset tidak lancar lainnya                                                                                           Reclassification of other
     ke aset tetap                         141.024.882                   122.261.887               59.190.066           non-current assets to fixed assets
   Kapitalisasi beban bunga                    844.500                             -                        -                 Interest expense capitalization
   Kapitalisasi beban penyusutan               236.768                             -                        -            Depreciation expense capitalization




                                                                             153
Page 477
                                                                    The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                      PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                        STATEMENTS
          Tanggal 31 Desember 2025                                             As of December 31, 2025
         dan untuk tahun yang berakhir                                          and for year then ended
             pada tanggal tersebut                                        (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                        unless otherwise stated)
            kecuali dinyatakan lain)


41. PENGUKURAN NILAI WAJAR                                         41. FAIR VALUE MEASUREMENT

   Tabel berikut menyediakan hierarki pengukuran nilai                  The following table provides the fair value
   wajar dari aset Grup                                                 measurement hierarchy of the Group’s assets:

                                             Pengukuran nilai wajar pada akhir periode pelaporan menggunakan/
                                               Fair value measurement at the end of the reporting period using
                                                                    Input yang        Input yang
                                               Harga kuotasian          dapat         tidak dapat
                                                 dalam pasar        diobservasi       diobservasi
                                               aktif untuk aset      lain yang            yang
                                                 yang identik       sifgnifikan        signifikan
                                                   (Level 1)/        (Level 2)/        (Level 3)/
                                                Quoted prices       Significant       Significant
                                                   in active        observable       unobservable
                                                    markets            inputs            inputs
                           Jumlah/Total            (Level 1)          (Level 2)         (Level 3)
 Per 31 Desember 2025                                                                                       At December 31, 2025
 Pengukuran nilai                                                                                             Recurring fair value
 wajar                                                                                                          Measurements
  yang berulang
 Aset biologis                 413.859.388                     -       413.859.388                   -               Biological assets

                                                                                                              At December 31, 2024
 Per 31 Desember 2024
 Pengukuran nilai                                                                                               Recurring fair value
 wajar                                                                                                            measurements
  yang berulang
 Aset biologis                 478.921.005                     -       478.921.005                   -             Biological assets
                                                                                                              At December 31, 2023
 Per 31 Desember 2023
 Pengukuran nilai                                                                                               Recurring fair value
 wajar                                                                                                            measurements
  yang berulang
 Aset biologis                 269.654.549                     -       269.654.549                   -               Biological assets
 Pinjaman jangka
   panjang kepada
   pemegang saham                                                                                              Long term convertible
   yang dapat dikonversi       219.473.951           219.473.951                 -                   -       loan to a shareholder

 Tidak ada transfer antara Level 1 dan Level 2, dan                     There were no transfers between Level 1 and
 masuk atau keluar dari Level 3 selama 2025, 2024,                      Level 2, and into or out from Level 3 during 2025,
 dan 2023.                                                              2024, and 2023.




                                                             154
Page 478
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2025                                        As of December 31, 2025
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


42. STANDAR    AKUNTANSI YANG TELAH                            42. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                                YET EFFECTIVE
    EFEKTIF

   Standar akuntansi yang telah diterbitkan sampai                The accounting standards that have been issued up
   tanggal penerbitan laporan keuangan konsolidasian              to the date of issuance of the Group’s consolidated
   Grup namun belum berlaku efektif diungkapkan                   financial statements, but not yet effective are
   berikut    ini.  Manajemen      bermaksud   untuk              disclosed below. The management intends to adopt
   menerapkan      standar-standar    tersebut  yang              these standards that are considered relevant to the
   dipertimbangkan relevan terhadap Grup pada saat                Group when they become effective, and the impact
   efektif, dan dampaknya terhadap posisi dan kinerja             to the consolidated financial position and
   keuangan konsolidasian Grup masih diestimasi pada              performance of the Group is still being estimated as
   tanggal 30 Maret 2026:                                         of March 30, 2026:

   Mulai efektif pada atau setelah tanggal 1 Januari              Effective beginning on or after January 1, 2026
   2026
      Amendemen PSAK 109 and PSAK 107:                            Amendment to PSAK 109 and PSAK 107:
       Klasifikasi   dan    Pengukuran     Instrument               Classification and Measurement of Financial
       Keuangan                                                     Instruments
      PSAK      338:   Kombinasi    Bisnis    Entitas             PSAK 338: Business Combination under
       Sepengendali (Revisi 2025)                                   Common Control (2025 Revision)

   Mulai efektif pada atau setelah tanggal 1 Januari              Effective beginning on or after January 1, 2027
   2027
      PSAK 118: Penyajian dan Pengungkapan dalam                     PSAK 118: Presentation and Disclosure in
       Laporan Keuangan                                                Financial Statements
      PSAK 119: Entitas Anak Tanpa Akuntabilitas                     PSAK 119: Subsidiaries without Public
       Publik - Pengungkapan                                           Accountability - Disclosures
   Pada saat penerbitan laporan keuangan, Grup masih              As at the authorization date of these consolidated
   mempelajari dampak yang mungkin timbul dari                    financial statements, the Group is still evaluating the
   penerapan standar baru dan revisi tersebut serta               potential impact of these new and revised standards
   pengaruhnya pada laporan keuangan Grup.
                                                                  to the Group’s consolidated financial statements.


43. INFORMASI LAINNYA                                          43. OTHER INFORMATION

   Provisi Sumber Daya Hutan (PSDH) dan Dana                         Billing Letter for for forest resource provision
   Reboisasi (DR)                                                    (PSDH) and and reforestation fund (DR)

   Pada bulan Januari 2024, Perusahaan dan beberapa                  In January 2024, the Company and certain
   entitas anak menerima Surat Tagihan atas PSDH dan                 subsidiaries received a Billing Letter for PSDH and
   DR dari kementrian Lingkungan Hidup dan                           and DR from the Ministry of Environment and
   Kehutanan (KLHK) Republik Indonesia.                              Forestry (KLHK) of Republic of Indonesia.

   Pada Februari 2024, Perusahaan dan beberapa                       In February 2024, the Company and certain
   entitas anak tersebut telah mengirimkan surat                     subsidiaries sent letters to the KLHK to discuss the
   balasan kepada KLHK untuk mendiskusikan luasan                    extent of the land listed in the PSDH and DR billing
   areal yang tercantum di dalam surat tagihan PSDH                  letters. In December 2024 and January 2025, the
   dan DR. Pada Desember 2024 dan Januari 2025,                      Company and certain subsidiaries made payments
   Perusahaan dan beberapa entitas anak telah                        on the related billing letter amounting to
   melakukan pembayaran atas tagihan tersebut                        Rp145,969,330.
   sebesar Rp145.969.330.

   Perusahaan dan beberapa entitas anak telah                        The Company and certain subsidiaries have
   mencatat tagihan tersebut sebagai bagian dari beban               recorded the related billing as part of insurance and
   asuransi dan perizinan pada laporan laba rugi dan                 permits expenses in the 2024 consolidated
   penghasilan komprehensif lainnya konsolidasian                    statement of profit or loss and other comprehensive
   tahun 2024.                                                       income.
                                                         155
Page 479
                                                               The original consolidated financial statements included herein
                                                                                             are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE CONSOLIDATED FINANCIAL
                KONSOLIDASIAN                                                   STATEMENTS
          Tanggal 31 Desember 2025                                        As of December 31, 2025
         dan untuk tahun yang berakhir                                     and for year then ended
             pada tanggal tersebut                                   (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                   unless otherwise stated)
            kecuali dinyatakan lain)


44. PERISTIWA SETELAH PERIODE PELAPORAN                        44. EVENTS AFTER THE REPORTING PERIOD

   Perkembangan geopolitik di Timur Tengah                         Geopolitical developments in the Middle East

   Setelah tanggal pelaporan, ketegangan geopolitik di             Subsequent to the reporting date, geopolitical
   Timur Tengah meningkat menyusul tindakan militer                tensions in the Middle East escalated following
   di kawasan tersebut pada akhir Februari 2026.                   military actions in the region at the end of February
   Perkembangan ini menyebabkan meningkatnya                       2026. These developments have resulted in
   ketidakpastian geopolitik dan volatilitas di pasar              heightened geopolitical uncertainty and increased
   keuangan dan energi global.                                     volatility in global financial and energy markets.

   Grup menilai potensi dampak terhadap operasi,                   The Group assesses the potential implications on the
   posisi keuangan, dan kinerja keuangan Grup yang                 results of the Group’s operations, financial position
   dapat timbul melalui beberapa faktor, termasuk:                 and financial performance which may arise through
     volatilitas harga komoditas dan energi global                several factors, including:
     gangguan pada rantai pasokan dan logistik                      volatility in global commodity and energy prices
        global                                                       disruptions in global supply chains and logistics
     ketidakpastian makroekonomi yang lebih luas                    broader macroeconomic uncertainty affecting
        yang memengaruhi permintaan pelanggan                            customer demand
     volatilitas di pasar valuta asing dan pasar                    volatility in foreign exchange and financial
        keuangan                                                         markets.

   Saat ini Grup tidak memiliki operasi langsung yang              The Group does not currently have significant direct
   signifikan di negara-negara yang terlibat langsung              operations in the countries directly involved in the
   dalam konflik tersebut. Namun, dampak ekonomi                   conflict. However, the broader economic effects
   yang lebih luas akibat situasi geopolitik tersebut              resulting from the geopolitical situation may indirectly
   dapat memengaruhi operasi dan kinerja keuangan                  affect the Group’s operations and financial
   Grup secara tidak langsung.                                     performance.

   Pada tanggal otorisasi atas laporan keuangan                    At the date of authorization of these consolidated
   konsolidasian ini, tidak memungkinkan untuk                     financial statements, it is not possible to reliably
   mengestimasi secara andal dampak keuangan yang                  estimate the financial impact that further escalation
   mungkin timbul akibat potensi eskalasi lebih lanjut             of the conflict may have on the Group’s consolidated
   dari konflik tersebut pada laporan keuangan                     financial statements.
   konsolidasian Grup.

   Manajemen akan terus memonitor perkembangan                     Management will continue to monitor developments
   terkait konflik ini dan menilai potensi dampaknya               relating to the conflict and assess potential
   pada periode pelaporan berikutnya.                              implications in future reporting periods.




                                                         156
Page 480
                                                                       The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
                DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
          CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED FINANCIAL
                     KONSOLIDASIAN                                                           STATEMENTS
               Tanggal 31 Desember 2025                                                As of December 31, 2025
              dan untuk tahun yang berakhir                                             and for year then ended
                  pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
             (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
                 kecuali dinyatakan lain)


 45. INFORMASI KEUANGAN ENTITAS INDUK                                 45. FINANCIAL INFORMATION OF PARENT ENTITY

          PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                     STATEMENT OF
                    ENTITAS INDUK                                                FINANCIAL POSITION OF THE PARENT


                                     31 Desember/         31 Desember/            31 Desember/
                                   December 31, 2025   December 31, 2024        December 31, 2023

ASET                                                                                                                         ASSETS
ASET LANCAR                                                                                                      CURRENT ASSETS
Kas dan setara kas                       135.908.105           50.294.807              33.775.021          Cash and cash equivalents
Piutang usaha                                                                                                       Trade receivables
   Pihak berelasi                        182.473.765          173.982.824             260.535.089                    Related parties
   Pihak ketiga                            3.409.291                    -                      13                       Third parties
Piutang lain-lain                                                                                                   Other receivables
   Pihak berelasi                        304.959.342          610.657.106             539.239.958                    Related parties
   Pihak ketiga                            3.968.848            2.774.486                 715.519                       Third parties
Persediaan                                45.359.598           53.585.912              52.905.066                           Inventories
Aset biologis                             98.268.204          138.146.537              76.217.269                     Biological assets
Pinjaman kepada pihak berelasi            65.100.000            2.000.000              39.749.980             Loans to related parties
Biaya dibayar dimuka                       1.549.733            1.391.122               1.117.792                         Prepayments
Uang muka kepada pihak ketiga              2.800.381              805.672               2.604.818             Advance to third parties
Pajak dibayar dimuka                               -            4.022.633              15.511.058                        Prepaid taxes
Taksiran tagihan restitusi pajak                                                                         Estimated claim for tax refund
   Jangka pendek                                   -                       -             692.538                              current

JUMLAH ASET LANCAR                       843.797.267        1.037.661.099           1.023.064.121         TOTAL CURRENT ASSETS




                                                               157
Page 481
                                                                                  The original consolidated financial statements included herein
                                                                                                                are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                                    STATEMENTS
              Tanggal 31 Desember 2025                                                         As of December 31, 2025
             dan untuk tahun yang berakhir                                                      and for year then ended
                 pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
                kecuali dinyatakan lain)


 45. INFORMASI           KEUANGAN             ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                                      (continued)

          PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                             STATEMENT OF
                ENTITAS INDUK (lanjutan)                                                 FINANCIAL POSITION OF THE PARENT
                                                                                                    (continued)

                                             31 Desember/          31 Desember/           31 Desember/
                                           December 31, 2025    December 31, 2024       December 31, 2023

ASET TIDAK LANCAR                                                                                                        NON-CURRENT ASSETS
Taksiran tagihan restitusi pajak                  28.044.601             71.549.680           102.231.098            Estimated claims for tax refund
Aset tetap dan tanaman produktif                 615.388.878            651.740.758           663.763.705            Fixed assets and bearer plants
Aset tak berwujud                                    577.099              1.189.191             1.947.578                          Intangible assets
Aset hak guna                                     50.113.443             52.555.260            49.840.672                       Right of use assets
Pinjaman jangka panjang
   kepada pihak berelasi yang                                                                                         Long-term convertible loan to
   dapat di konversi                             600.000.000                     -            219.473.951                          a related party
Investasi saham                               12.885.909.533        10.123.075.162          9.171.468.313             Investment in shares of stock
Aset pajak tangguhan                             145.967.950           122.982.626             55.051.527                       Deferred tax assets
Piutang plasma                                                                                                                   Plasma receivable
   setelah dikurangi dengan                                                                                                      after net off with
   penyisihan penurunan nilai                                                                                           allowance for impairment
   2025: Rp9.253.438 (2024: Rp5.290.386;                                                                  2025: Rp9,253,438 (2024: Rp5,290,386;
   2023: Rp8.661.991)                             36.698.315             50.091.658            50.727.353                    2023: Rp8,661,991)
Aset tidak lancar lainnya                         13.068.739             14.797.663            20.880.839                  Other non-current assets

JUMLAH ASET TIDAK LANCAR                      14.375.768.558        11.087.981.998         10.335.385.036         TOTAL NON-CURRENT ASSETS

JUMLAH ASET                                   15.219.565.825        12.125.643.097         11.358.449.157                           TOTAL ASSETS

LIABILITAS DAN EKUITAS                                                                                                   LIABILITIES AND EQUITY

LIABILITAS JANGKA PENDEK                                                                                                   CURRENT LIABILITIES
Utang usaha                                                                                                                          Trade payables
   Pihak ketiga                                    3.167.405              6.361.176            13.815.895                            Third parties
   Pihak berelasi                                 56.656.419            107.267.867           159.973.783                         Related parties
Utang pajak                                       12.719.057             52.160.190             5.245.567                             Taxes payable
Beban akrual                                      30.811.896            110.552.000            27.150.737                         Accrued expenses
Utang lain-lain                                                                                                                       Other payables
   Pihak ketiga                                   89.781.522            127.206.158           181.044.651                            Third parties
   Pihak berelasi                                888.070.747            839.418.589           750.275.997                         Related parties
Liabilitas kontrak                                 6.248.592             29.765.331             2.000.000                          Contract liabilities
Liabilitas sewa jangka pendek                     16.628.733              9.036.906            10.271.747                 Short-term lease liabilities
Liabilitas imbalan kerja                                                                                                Short-term employee benefit
   karyawan jangka pendek                         72.461.880             62.492.191            48.746.650                                liabilities
Utang bank jangka pendek                         254.659.295             32.351.772            43.139.886                       Short-term bank loan
Utang bank jangka panjang                                                                                                       Current maturities of
   jatuh tempo dalam satu tahun                  494.671.500            461.434.675           437.500.864                     ong-term bank loan
Utang sewa pembiayaan konsumen                                                                                             Consumer finance lease
   jatuh tempo dalam satu tahun                    4.810.890              2.156.967              399.347                                 liabilities
Pinjaman jangka pendek                                                                                                               Short-term loan
   dari pihak berelasi                         1.524.898.433           1.133.735.087          982.625.051                     from related parties

JUMLAH LIABILITAS
JANGKA PENDEK                                  3.455.586.369           2.973.938.909        2.662.190.175           TOTAL CURRENT LIABILITIES




                                                                         158
Page 482
                                                                            The original consolidated financial statements included herein
                                                                                                          are in the Indonesian language.

         PT SAWIT SUMBERMAS SARANA Tbk.                                             PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
         CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED FINANCIAL
                    KONSOLIDASIAN                                                               STATEMENTS
              Tanggal 31 Desember 2025                                                    As of December 31, 2025
             dan untuk tahun yang berakhir                                                 and for year then ended
                 pada tanggal tersebut                                               (Expressed in thousands of Rupiah,
            (Disajikan dalam ribuan Rupiah,                                               unless otherwise stated)
                kecuali dinyatakan lain)


 45. INFORMASI            KEUANGAN      ENTITAS          INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                                (continued)

          PT SAWIT SUMBERMAS SARANA Tbk.                                            PT SAWIT SUMBERMAS SARANA Tbk.
              LAPORAN POSISI KEUANGAN                                                        STATEMENT OF
                ENTITAS INDUK (lanjutan)                                            FINANCIAL POSITION OF THE PARENT
                                                                                               (continued)


                                       31 Desember/          31 Desember/            31 Desember/
                                     December 31, 2025    December 31, 2024        December 31, 2023


LIABILITAS JANGKA PANJANG                                                                                     NON-CURRENT LIABILITIES
Utang bank jangka panjang -
   setelah dikurangi bagian jatuh                                                                                      Long-term bank loan
   tempo dalam satu tahun                4.347.634.212           2.499.741.089         2.950.729.030             net of current maturities
Liabilitas sewa jangka panjang              30.848.541              43.451.576            31.769.387              Long-term lease liabilities
Utang lain-lain pihak berelasi                                                                                          Long-term loan from
   jangka panjang                          336.206.952            323.786.006            308.840.804                       a related party
Liabilitas imbalan kerja                                                                                        Long-term employee benefit
   karyawan jangka panjang                 103.718.727             74.750.090             72.815.596                              liabilites

TOTAL LIABILITAS                                                                                                   TOTAL NON-CURRENT
JANGKA PANJANG                           4.818.408.432           2.941.728.761         3.364.154.817                       LIABILITIES

TOTAL LIABILITAS                         8.273.994.801           5.915.667.670         6.026.344.992                    TOTAL LIABILITIES


EKUITAS                                                                                                                               EQUITY
Ekuitas yang dapat                                                                                                      Equity attributable to
  diatribusikan kepada                                                                                                    owners equity of
  pemilik entitas induk                                                                                                    the parent entity
Modal saham                                                                                                                      Share capital
  Modal dasar - 32.100.000.000                                                                                                 Authorized -
      lembar saham                                                                                             32,100,000,000 shares
      nilai nominal Rp100                                                                                     at par value per share of
      (nilai penuh) per saham                                                                                      Rp100 (full amount)
  Modal ditempatkan dan disetor                                                                                     Issued and fully paid -
      penuh - 9.525.000.000 lembar                                                                                       9,525,000,000
      saham                                952.500.000            952.500.000            952.500.000                             shares
Tambahan modal disetor                     818.560.115            818.560.115            818.560.115                 Additional paid-in capital
Saldo laba                                                                                                                  Retained earnings
  Sudah ditentukan penggunaannya         2.228.008.453           1.858.474.778         1.340.160.714                          Appropriated
  Belum ditentukan penggunaannya         2.621.850.374           2.280.648.312         1.979.428.701                        Unappropriated
Penghasilan komprehensif lain              634.271.719             609.411.859           551.074.272           Other comprehensive income
Komponen ekuitas lainnya                  (309.619.637)           (309.619.637)         (309.619.637)                Other equity component

TOTAL EKUITAS                            6.945.571.024           6.209.975.427         5.332.104.165                        TOTAL EQUITY

TOTAL LIABILITAS                                                                                                        TOTAL LIABILITIES
DAN EKUITAS                             15.219.565.825        12.125.643.097          11.358.449.157                         AND EQUITY




                                                                   159
Page 483
                                                                      The original consolidated financial statements included herein
                                                                                                     are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                         PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025                                                As of December 31, 2025
           dan untuk tahun yang berakhir                                             and for year then ended
               pada tanggal tersebut                                           (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                           unless otherwise stated)
              kecuali dinyatakan lain)

45. INFORMASI           KEUANGAN   ENTITAS     INDUK                  45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                            (continued)

      PT SAWIT SUMBERMAS SARANA Tbk.                                       PT SAWIT SUMBERMAS SARANA Tbk.
    LAPORAN LABA RUGI DAN PENGHASILAN                                   STATEMENT OF PROFIT OR LOSS AND OTHER
      KOMPREHENSIF LAIN ENTITAS INDUK                                    COMPREHENSIVE INCOME OF THE PARENT


                                                                  Disajikan kembali-Catatan D/
                                                                       As restated - Note D


                                             2025                   2024               2023
PENDAPATAN DARI KONTRAK                                                                                         REVENUE FROM
  DENGAN PELANGGAN                       1.870.946.546            1.515.003.699       1.504.887.883 CONTRACTS WITH CUSTOMERS
BEBAN POKOK PENJUALAN                   (1.008.504.195)            (841.645.413)     (1.056.336.269)            COST OF SALES
LABA BRUTO                                   862.442.351           673.358.286         448.551.614                    GROSS PROFIT

Beban penjualan                                  (49.624)                     -         (24.122.604)                    Selling expenses
Beban umum dan                                                                                                General and administrative
   administrasi                           (585.575.144)            (509.446.228)      (400.777.490)                           expenses
(Kerugian)/keuntungan atas                                                                                   (Loss)/gain from changes in
   nilai wajar aset biologis                 (39.878.332)           61.929.267          11.764.946      fair value of biological assets
Bagian laba                                                                                                         Equity in net income
   bersih entitas anak                   1.542.169.007            1.016.473.321        626.682.505                     of subsidiaries
Pendapatan lain-lain, neto                  23.740.453                8.994.357          3.687.673                     Other income, net
LABA USAHA                               1.802.848.711            1.251.309.003        665.786.644               OPERATING PROFIT
Pendapatan keuangan                         11.164.722                5.411.425        300.808.538                     Finance income
Beban keuangan                            (431.207.924)            (458.751.101)      (462.404.500)                      Finance costs
LABA SEBELUM                                                                                           PROFIT BEFORE CORPORATE
  PAJAK PENGHASILAN BADAN                1.382.805.509             797.969.327         504.190.682                 INCOME TAX


PAJAK PENGHASILAN BADAN                      (32.073.544)             8.642.843          8.064.955        CORPORATE INCOME TAX

LABA TAHUN BERJALAN                      1.350.731.965             806.612.170         512.255.637           PROFIT FOR THE YEAR

Efek penyesuaian proforma                 (190.035.229)             12.921.506       (1.069.191.117)      Effect of proforma adjustment
LABA/(RUGI) TAHUN BERJALAN                                                                             PROFIT/(LOSS) FOR THE YEAR
 SEBELUM EFEK                                                                                                 BEFORE EFFECT OF
 PENYESUAIAN PROFORMA                    1.160.696.736             819.533.676        (556.935.480)     PROFORMA ADJUSTMENT

PENGHASILAN KOMPREHENSIF                                                                                    OTHER COMPRHENSIVE
  LAIN                                        24.238.244            58.337.589           (2.681.346)                  INCOME

Efek penyesuaian proforma                                                                                 Effect of proforma adjustment
  atas penghasilan                                                                                         from other comprehensive
  komprehensif lain                             621.616                       -         11.017.567                            income
                                                                                                          TOTAL COMPREHENSIVE
TOTAL LABA/(RUGI) KOMPREHENSIF                                                                                   INCOME/(LOSS)
  TAHUN BERJALAN SETELAH                                                                                   FOR THE YEAR AFTER
  PENYESUAIAN PROFORMA                   1.185.556.596             877.871.265        (548.599.259)     PROFORMA ADJUSTMENT




                                                            160
Page 484
                                                                                                                     The original consolidated financial statements included herein are in the Indonesian language.




                                PT SAWIT SUMBERMAS SARANA Tbk.                                                                                   PT SAWIT SUMBERMAS SARANA Tbk.
                                       DAN ENTITAS ANAKNYA                                                                                              AND ITS SUBSIDIARIES
                                CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
                                           KONSOLIDASIAN                                                                                              FINANCIAL STATEMENTS
                                      Tanggal 31 Desember 2025                                                                                         As of December 31, 2025
                                    dan untuk tahun yang berakhir                                                                                       and for year then ended
                                         pada tanggal tersebut                                                                                    (Expressed in thousands of Rupiah,
                                   (Disajikan dalam ribuan Rupiah,                                                                                     unless otherwise stated)
                                        kecuali dinyatakan lain)


 45. INFORMASI KEUANGAN ENTITAS INDUK (lanjutan)                                                                         45. FINANCIAL INFORMATION OF PARENT ENTITY (continued)

                                                                              PT SAWIT SUMBERMAS SARANA Tbk.
                                                                          LAPORAN PERUBAHAN EKUITAS ENTITAS INDUK/
                                                                     STATEMENT OF CHANGES IN EQUITY OF THE PARENT ENTITY
                                            Modal
                                      ditempatkan dan                               Penghasilan       Komponen               Saldo laba/Retained earnings
                                       disetor penuh/        Tambahan              komprehensif          ekuitas
                                         Issued and         modal disetor/           lain/Other         lainnya/             Ditentukan        Belum ditentukan
                                          fully paid          Additional          comprehensive       Other equity        penggunaannya/       penggunaannya/        Total/
                                        Share capital       paid-in capital            income         component             appropriated        unappropriated       Total

Saldo 31 Desember 2023                     952.500.000          818.560.115           551.074.272       (309.619.637 )       1.340.160.714         1.979.428.701    5.332.104.165            Balance at December 31, 2023

Pengasilan komprehensif lain                            -                     -        58.862.856                    -                     -                   -      58.862.856               Other comprehensive income
Efek translasi                                          -                     -          (525.269 )                  -                     -                   -         (525.269)                         Translation effect
Cadangan umum                                           -                     -                   -                  -         518.314.064          (518.314.064)               -                         General reserves
Total laba tahun yang berakhir                          -                     -                   -                  -                     -        819.533.676      819.533.676               Total profit for the year ended
   pada tanggal 31 Desember 2024                                                                                                                                                                      December 31, 2024

Saldo 31 Desember 2024                     952.500.000          818.560.115           609.411.859       (309.619.637 )       1.858.474.778         2.280.648.313    6.209.975.428            Balance at December 31, 2024

Penghasilan komprehensif lain                           -                     -        24.859.860                    -                     -                   -      24.859.860               Other comprehensive income
Efek translasi                                          -                     -                   -                  -                     -                   -                -                          Translation effect
Cadangan umum                                           -                     -                   -                  -         369.533.675          (369.533.675)               -                         General reserves
Dividen                                                 -                     -                   -                  -                     -        (449.961.000)    (449.961.000)                                  Dividend

Total laba tahun yang berakhir                          -                     -                   -                  -                     -       1.160.696.736    1.160.696.736              Total profit for the year ended
   pada tanggal 31 Desember 2025                                                                                                                                                                      December 31, 2025

Saldo 31 Desember 2025                     952.500.000          818.560.115           634.271.719       (309.619.637 )       2.228.008.453         2.621.850.374    6.945.571.024            Balance at December 31, 2025




                                                                                                            161
Page 485
                                                                  The original consolidated financial statements included herein
                                                                                                 are in the Indonesian language

        PT SAWIT SUMBERMAS SARANA Tbk.                                  PT SAWIT SUMBERMAS SARANA Tbk.
              DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                               FINANCIAL STATEMENTS
             Tanggal 31 Desember 2025                                            As of December 31, 2025
            dan untuk tahun yang berakhir                                         and for year then ended
                pada tanggal tersebut                                       (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                       unless otherwise stated)
               kecuali dinyatakan lain)

 45. INFORMASI         KEUANGAN      ENTITAS     INDUK            45. FINANCIAL INFORMATION OF PARENT ENTITY
     (lanjutan)                                                       (continued)
        PT SAWIT SUMBERMAS SARANA Tbk.                                 PT SAWIT SUMBERMAS SARANA Tbk.
        LAPORAN ARUS KAS ENTITAS INDUK                             STATEMENT OF CASH FLOWS OF THE PARENT

                                                   Tahun yang Berakhir
                                                pada Tanggal 31 Desember/
                                                Years Ended December 31,

                                                  2025               2024

ARUS KAS DARI AKTIVITAS                                                                               CASH FLOWS FROM
OPERASI :                                                                                        OPERATING ACTIVITIES :
Penerimaan kas dari pelanggan                  1.835.529.575       1.629.321.308               Cash received from customers
Pembayaran kas kepada pemasok                   (638.580.659)       (809.559.772)                     Cash paid to suppliers
Pembayaran kas kepada karyawan                  (429.203.872)       (290.763.756)                    Cash paid to employees

Kas yang dihasilkan dari operasi                 767.745.044         528.997.780               Cash resulting from operations
Penghasilan bunga yang diterima                   11.164.722         134.734.265                    Interest income received
Pembayaran pajak penghasilan badan               (98.606.591)         (5.986.343)           Payments of corporate income tax
Penerimaan dari restitusi pajak                   53.459.370          24.921.018            Cash received from tax restitution
Penerimaan dari restitusi PPN                              -          21.806.318               Cash received from tax refund
Beban keuangan yang dibayar                     (453.761.690)       (453.628.741)                           Finance cost paid

Kas neto yang diperoleh dari                                                                           Net cash provided by
  aktivitas operasi                              280.000.855         250.844.297                      operating activities

ARUS KAS DARI                                                                                          CASH FLOWS FROM
AKTIVITAS INVESTASI :                                                                              INVESTING ACTIVITIES :
Pemberian dana                                                                                                    Cash paid to
  dari pihak berelasi, neto                    (1.015.707.303)      (328.600.000)                      related parties, net
Perolehan aset tetap                              (48.397.926)       (69.191.175)                  Acquisitions of fixed assets
Pembayaran kembali dari pihak berelasi            352.607.303        366.349.980              Repayment from related parties
Penambahan biaya pengembangan plasma              (20.030.121)       (23.338.870)        Addition development cost of plasma
Penerimaan dari pembiayaan kembali                                                              Cash receipt from refinancing
  plasma                                           24.170.026         13.919.544                                     plasma
Akusisi entitas anak                           (1.600.000.000)                 -                    Acqusition of subsidiaries
Pembayaran uang muka atas                                                                   Advance payment of purchase of
  pembelian aset tetap                                        -        (2.066.026)                              fixed asset

Kas neto yang digunakan untuk                                                                              Net cash used in
  aktivitas investasi                          (2.307.358.021)        (42.926.547)                    investing activities

ARUS KAS DARI                                                                                         CASH FLOWS FROM
AKTIVITAS PENDANAAN :                                                                             FINANCING ACTIVITIES :
Penerimaan kas dari pihak berelasi                452.236.450        255.197.830           Cash received from related parties
Penerimaan utang bank                           5.554.357.724        136.573.875            Cash received for bank loan, net
Pembayaran utang bank                          (3.423.644.962)      (574.416.119)               Cash paid for bank loan, net
Pembayaran dividen                               (449.961.000)                 -                       Payments of dividend
Pembayaran liabilitas sewa                        (20.038.728)        (8.775.861)             Repayments of lease liabilities

Kas neto yang diperoleh dari/                                                                Net cash provided by/(used in)
  (digunakan untuk) aktivitas pendanaan        2.112.949.484        (191.420.275)                    financing activities

KENAIKAN NETO                                                                                          NET INCREASE
  KAS DAN SETARA KAS                              85.592.318          16.497.475       CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS                                                                          CASH AND CASH EQUIVALENT
  AWAL TAHUN                                      50.294.807          33.775.021              AT BEGINNING OF YEAR

DAMPAK NETO PERUBAHAN                                                                       NET EFFECT OF CHANGES IN
  NILAI TUKAR ATAS KAS DAN                                                                EXCHANGES RATES ON CASH
  SETARA KAS                                             20.980             22.311          AND CASH EQUIVALENSTS
KAS DAN SETARA KAS                                                                        CASH AND CASH EQUIVALENTS
  AKHIR TAHUN                                    135.908.105          50.294.807                   AT END OF YEAR



                                                            162
Page 486
                                                                The original consolidated financial statements included herein
                                                                                               are in the Indonesian language.

     PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
           DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
     CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2025                                           As of December 31, 2025
         dan untuk tahun yang berakhir                                        and for year then ended
             pada tanggal tersebut                                      (Expressed in thousands of Rupiah,
        (Disajikan dalam ribuan Rupiah,                                      unless otherwise stated)
            kecuali dinyatakan lain)


45. INFORMASI     KEUANGAN        ENTITAS     INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                      (continued)

     CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
              ENTITAS INDUK                                                OF THE PARENT ENTITY

A. IKHTISAR KEBIJAKAN           AKUNTANSI       YANG            A. SUMMARY         OF    SIGNIFICANT        ACCOUNTING
   SIGNIFIKAN                                                      POLICIES

   Dasar penyusunan informasi keuangan entitas                     Basis of preparation of the parent entity
   induk                                                           financial information

   PSAK 227 mengatur dalam hal Entitas Induk                       PSAK 227 regulates that when a Parent Entity
   memilih untuk menyajikan laporan keuangan                       elected to present the separate financial statements,
   tersendiri maka laporan tersebut hanya dapat                    such financial statements should be presented as
   disajikan sebagai informasi tambahan dalam laporan              supplementary information to the consolidated
   keuangan konsolidasian. Laporan keuangan                        financial statements. Separate financial statements
   tersendiri adalah laporan keuangan yang disajikan               are those presented by a parent, in which the
   oleh entitas induk yang mencatat investasi pada                 investments in subsidiaries, associate entity and
   entitas anak, entitas asosiasi, dan pengendalian                joint control entity are accounted for on the basis of
   bersama entitas berdasarkan kepemilikan ekuitas                 the direct equity interest rather than on the basis of
   langsung bukan berdasarkan pelaporan hasil dan                  the reported results and net assets of the investee.
   aset neto investee.

   Kebijakan akuntansi yang diterapkan dalam                       Accounting policies adopted in the preparation of the
   penyusunan Informasi keuangan Entitas Induk                     parent entity financial information are the same as
   adalah sama dengan kebijakan akuntansi yang                     the accounting policies adopted in the preparation of
   diterapkan dalam penyusunan laporan keuangan                    the Group’s consolidated financial statements as
   konsolidasian Grup sebagaimana diungkapkan                      disclosed in Note 2 to the consolidated financial
   dalam Catatan 2 atas laporan keuangan                           statements, except for investments in subsidiaries.
   konsolidasian, kecuali untuk penyertaan pada
   entitas anak.

   Penyertaan saham pada entitas anak dicatat pada                 Investments in shares of stock of subsidiaries are
   biaya perolehan. Entitas induk mengakui dividen dari            accounted for at acquisition cost. The parent entity
   entitas anak pada laporan laba rugi entitas induk               recognizes dividend from subsidiaries in the Parent
   ketika hak menerima dividen ditetapkan.                         entity’s profit and loss when its right to receive the
                                                                   dividend is established.




                                                          163
Page 487
                                                                             The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025                                                           As of December 31, 2025
           dan untuk tahun yang berakhir                                                        and for year then ended
               pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
              kecuali dinyatakan lain)


45. INFORMASI           KEUANGAN             ENTITAS      INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                  (continued)

       CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
            ENTITAS INDUK (lanjutan)                                                     OF THE PARENT ENTITY (continued)

B. PENYERTAAN SAHAM                                                          B. INVESTMENTS IN SHARES OF STOCK
     Pada tanggal 31 Desember 2025, 2024, dan 2023,                                As of December 31, 2025, 2024, and 2023, the
     Entitas induk memiliki penyertaan saham pada                                  parent entity has the following invesments in shares
     entitas anak berikut:                                                         of stock as follows:
                                                                    Disajikan kembali-Catatan D/
                                                                        As restated - Note D


                                          31 Desember 2025/   31 Desember 2024/        31 Desember 2023/
                                          December 31, 2025   December 31, 2024        December 31, 2023

     Entitas anak                                                                                                                 Subsidiaries
      PT Citra Borneo Utama Tbk.              4.425.093.212       4.362.372.330            4.306.834.227       PT Citra Borneo Utama Tbk.
      PT Mitra Mendawai Sejati                1.402.508.768       1.222.979.959            1.065.045.640          PT Mitra Mendawai Sejati
      PT Kalimatan Sawit Abadi                4.718.337.947       3.784.174.805            2.999.539.077          PT Kalimatan Sawit Abadi
      PT Sawit Mandiri Lestari                1.613.906.683                   -                        -           PT Sawit Mandiri Lestari
      SSMS Plantations Holding Pte Ltd.          98.001.665         100.720.386              114.873.893   SSMS Plantations Holding Pte Ltd.

     Entitas asosiasi                                                                                                        Associated entity
      PT Surya Borneo Industri                  628.061.258         652.827.682              685.175.476           PT Surya Borneo Industri
      Total                                  12.885.909.533      10.123.075.162            9.171.468.313                              Total


C.   SALDO DAN TRANSAKSI DENGAN PIHAK                                             C.     BALANCE AND TRANSACTIONS WITH
     BERELASI                                                                            RELATED PARTIES
     Detail saldo dengan pihak berelasi adalah                                           Balance with related parties, are as follows:
     sebagai berikut:
                                          31 Desember 2025/   31 Desember 2024/        31 Desember 2023/
                                          December 31, 2025   December 31, 2024        December 31, 2023
         Piutang usaha - lancar                                                                                       Trade receivables - current
            - dalam Rupiah                                                                                                         - in Rupiah
         Entitas induk                                                                                                             Parent entity
         PT Citra Borneo Indah                      21.688           50.259.851               66.358.071                  PT Citra Borneo Indah
         Entitas anak                                                                                                               Subsidiaries
           PT Citra Borneo Utama Tbk.           161.129.279          31.857.434               63.736.327           PT Citra Borneo Utama Tbk.
           PT Mitra Mendawai Sejati              12.505.676          24.902.981               13.540.304             PT Mitra Mendawai Sejati
           PT Kalimantan Sawit Abadi              8.817.122          66.962.558              116.900.387            PT Kalimantan Sawit Abadi
         Total                                  182.473.765         173.982.824              260.535.089                                      Total

         Piutang lain-lain - lancar                                                                                  Other receivables - current
            - dalam Rupiah                                                                                                         - in Rupiah
         Entitas induk                                                                                                             Parent entity
            PT Citra Borneo Indah               12.228.885          276.491.104               85.167.964               PT Citra Borneo Indah
         Entitas anak                                                                                                               Subsidiaries
            SSMS Plantation Holdings Pte. Ltd. 215.562.209          207.598.404              197.992.909     SSMS Plantation Holdings Pte.Ltd.
            SSMS Plantation International                                                                       SSMS Plantation International
               Pte. Ltd.                        59.272.463           57.082.680               54.449.265                               Pte. Ltd.
            PT Sawit Mandiri Lestari             5.292.283                    -                        -             PT Sawit Mandiri Lestari
            PT Kalimantan Sawit Abadi            2.245.581           60.116.993              196.749.830          PT Kalimantan Sawit Abadi
            PT Citra Borneo Utama Tbk.           1.876.509            2.456.939                  605.152         PT Citra Borneo Utama Tbk.
            PT Sawit Multi Utama                   190.446              120.555                        -                PT Sawit Multi Utama
            PT Mirza Pratama Putra                 154.898              113.716                        -             PT Mirza Pratama Putra
            PT Tanjung Sawit Abadi                  94.629              510.397                  243.754             PT Tanjung Sawit Abadi
            PT Mitra Mendawai Sejati                67.976            1.038.329                  930.621            PT Mitra Mendawai Sejati
            PT Menteng Kencana Mas                   9.189              865.835                  493.313           PT Menteng Kencana Mas
         Saldo dilanjutkan                      296.995.068         606.394.952              536.632.808                 Balance brought forward




                                                                     164
Page 488
                                                                              The original consolidated financial statements included herein
                                                                                                             are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                  PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025                                                         As of December 31, 2025
          dan untuk tahun yang berakhir                                                      and for year then ended
              pada tanggal tersebut                                                    (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                    unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI           KEUANGAN           ENTITAS          INDUK            45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                   (continued)

        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
             ENTITAS INDUK (lanjutan)                                                  OF THE PARENT ENTITY (continued)
C.   SALDO DAN TRANSAKSI                       DENGAN         PIHAK            C.     BALANCE AND TRANSACTIONS                         WITH
     BERELASI (lanjutan)                                                              RELATED PARTIES (continued)
     Detail saldo dengan pihak berelasi adalah                                        Balance with related parties, are as follows:
     sebagai berikut:
                                        31 Desember 2025/     31 Desember 2024/     31 Desember 2023/
                                        December 31, 2025     December 31, 2024     December 31, 2023

       Saldo lanjutan                         296.995.068           606.394.952           536.632.808                  Balance carried forward

       Entitas Sepengendali                                                                                      Entities under common control
         PT Surya Borneo Industri               3.844.459               376.968               19.494                PT Surya Borneo Industri

       Pihak berelasi lainnya                                                                                             Other related parties
          PT Sulung Ranch                       2.402.076             2.311.225              311.314                       PT Sulung Ranch
          PT Sepalar Yasa Kartika                 841.023               274.685              687.092                 PT Sepalar Yasa Kartika
          PT Citra Borneo Global Feeds            432.488                     -                                PT Citra Borneo Global Feeds
          PT Borneo Sawit Gemilang                185.885               163.756                 2.324             PT Borneo Sawit Gemilang
          PT Natai Sawit Perkasa                   90.961               761.299             1.285.247                 PT Natai Sawit Perkasa
          PT Pesona Citra Propertindo              18.548               374.185               299.274            PT Pesona Citra Propertindo
          PT Pelayaran Lingga Marintama            10.965                    36                 2.405         PT Pelayaran Lingga Marintama
          PT PT Pelayaran Senggora                  5.169                     -                     -                PT Pelayaran Senggora
       Total                                  304.826.642           610.657.106           539.239.958                                     Total

       Pinjaman kepada pihak berelasi                                                                                 Loans to related parties
          - lancar - dalam rupah                                                                                         - current - in rupiah
       Entitas anak                                                                                                                Subsidiaries
          PT Sawit Mandiri Lestari            600.000.000                     -                     -               PT Sawit Mandiri Lestari
          PT Kalimantan Sawit Abadi            65.100.000             2.000.000            39.749.980             PT Kalimantan Sawit Abadi

       Pinjaman - tidak lancar                                                                                             Loans - non-current
          - dalam rupah                                                                                                            - in rupiah
       Entitas induk                                                                                                              Parent entity
          PT Citra Borneo Indah                         -                      -          219.473.951                  PT Citra Borneo Indah
       Total                                  665.100.000             2.000.000           259.223.931                                     Total

       Total piutang usaha dan                                                                                      Total trade receivable and
         piutang lain-lain, dan pinjaman                                                                               other receivable, and
         kepada pihak berelasi           1.152.400.407              786.639.930         1.058.998.978                loans to related parties

       Total aset                          15.219.565.825        12.125.643.097        11.358.449.157                             Total assets
       Sebagai persentasi                                                                                                    As percentage of
         terhadap total aset                       7,57%                   6,48%               9,32%                            total assets




     Pinjaman Perusahaan kepada SML                                                 The Company’s Loan to SML

     Berdasarkan Perjanjian Pinjaman tanggal 28                                     Based on the Loan Agreement dated 28 November
     November 2025, Perusahaan memberikan pinjaman                                  2025, the Company provided a loan to PT Sawit
     kepada PT Sawit Mandiri Lestari, entitas                                       Mandiri Lestari, a related party under common
     sepengendali (Sejak 24 November 2025 merupakan                                 control (Since November 24, 2025, it has been a
     entitas anak), dengan batas maksimum pinjaman                                  subsidiary), with a maximum loan facility of
     sebesar Rp600.000.000 untuk tujuan kegiatan                                    Rp600,000,000 for operational purposes. The loan
     operasional. Pinjaman tersebut dikenakan bunga                                 bears interest at 9% per annum.
     sebesar 9% per tahun.




                                                                     165
Page 489
                                                                          The original consolidated financial statements included herein
                                                                                                         are in the Indonesian language.

       PT SAWIT SUMBERMAS SARANA Tbk.                                                 PT SAWIT SUMBERMAS SARANA Tbk.
             DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
            Tanggal 31 Desember 2025                                                        As of December 31, 2025
           dan untuk tahun yang berakhir                                                     and for year then ended
               pada tanggal tersebut                                                   (Expressed in thousands of Rupiah,
          (Disajikan dalam ribuan Rupiah,                                                   unless otherwise stated)
              kecuali dinyatakan lain)


45. INFORMASI         KEUANGAN             ENTITAS       INDUK           45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                               (continued)

        CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
             ENTITAS INDUK (lanjutan)                                                  OF THE PARENT ENTITY (continued)
C.   SALDO DAN TRANSAKSI                     DENGAN        PIHAK               C.     BALANCE AND TRANSACTIONS                       WITH
     BERELASI (lanjutan)                                                              RELATED PARTIES (continued)

     Detail saldo dengan pihak berelasi adalah                                       Balance with related parties, are as follows:
     sebagai berikut:

     Pinjaman Perusahaan kepada KSA                                                  The Company’s Loan to KSA

     Berdasarkan Perjanjian Pinjaman tanggal 8 Januari                               Based on the Loan Agreement dated 8 January
     2018, yang kemudian diubah dengan perubahan                                     2018, as amended by the Loan Agreement
     Perjanjian pinjaman tanggal 19 Desember 2025,                                   amendment dated 19 December 2025, SSMS
     SSMS memberikan pinjaman kepada PT Kalimantan                                   provided a loan to PT Kalimantan Sawit Abadi, a
     Sawit       Abadi,      entitas     sepengendali,                               related party under common control. The loan
     Pinjaman tersebut dikenakan bunga sebesar 9%                                    bears interest at 9% per annum and will mature
     per tahun dan akan jatuh tempo pada 31 Desember                                 on 31 December 2026.
     2026

                                      31 Desember 2025/    31 Desember 2024/        31 Desember 2023/
                                      December 31, 2025    December 31, 2024        December 31, 2023
        Utang usaha - lancar                                                                                         Trade payables - current
           - dalam Rupiah                                                                                                       - in Rupiah
        Entitas induk                                                                                                           Parent entity
           PT Citra Borneo Indah                      -            4.154.365                3.973.776                PT Citra Borneo Indah
        Entitas anak                                                                                                           Subsidiaries
          PT Tanjung Sawit Abadi             49.459.251           49.459.250               49.459.251             PT Tanjung Sawit Abadi
          PT Kalimantan Sawit Abadi           4.999.700           39.101.356               97.596.669           PT Kalimantan Sawit Abadi
          PT Mitra Mendawai Sejati            2.197.468           14.492.712                8.883.903            PT Mitra Mendawai Sejati
          PT Sawit Multi Utama                        -               60.184                   60.184                PT Sawit Multi Utama
        Total                                56.656.419          107.267.867              159.973.783                                   Total
        Utang lain-lain - lancar                                                                                     Other payables - current
           - dalam Rupiah                                                                                                       - in Rupiah
        Entitas induk                                                                                                           Parent entity
           PT Citra Borneo Indah               275.622             1.421.273                2.183.325                PT Citra Borneo Indah
        Entitas anak                                                                                                            Subsidiaries
          PT Tanjung Sawit Abadi            437.250.152          406.012.600              374.725.910             PT Tanjung Sawit Abadi
          PT Mitra Mendawai Sejati          270.196.114          300.975.890              310.991.611            PT Mitra Mendawai Sejati
          PT Sawit Multi Utama               69.066.167           32.166.670                6.422.050                 PT Sawit Multi Utama
          PT Mirza Pratama Putra             55.056.192           39.578.850               10.946.237             PT Mirza Pratama Putra
          SSMS Plantation International                                                                       SSMS Plantation International
              Pte. Ltd.                      50.174.492           50.270.306               29.718.640                            Pte. Ltd.
          PT Kalimantan Sawit Abadi             673.277              306.137                  345.664           PT Kalimantan Sawit Abadi
          PT Sawit Mandiri Lestari              207.412                    -                        -             PT Sawit Mandiri Lestari
          PT Menteng Kencana Mas                  2.873            1.041.523                  750.778           PT Menteng Kencana Mas
          PT Citra Borneo Utama Tbk.                  -               10.078                    7.858          PT Citra Borneo Utama Tbk.

        Entitas Sepengendali                                                                                    Entitiy under common control
          PT Surya Borneo Industri             379.519               722.221                2.741.022            PT Surya Borneo Industri

        Pihak berelasi lainnya                                                                                          Other related parties
           PT Pesona Citra Propertindo        3.093.201            1.588.931                9.379.720          PT Pesona Citra Propertindo
           PT Sulung Ranch                    1.685.342            4.731.025                2.033.220                    PT Sulung Ranch
           PT Natai Sawit Perkasa                 8.757              155.827                        -               PT Natai Sawit Perkasa
           PT Borneo Sawit Gemilang               1.627               41.385                        -           PT Borneo Sawit Gemilang
           PT Pelayaran Lingga Marintama              -              396.873                        -       PT Pelayaran Lingga Marintama
           PT Sepalar Yasa Kartika                    -                    -                   29.962              PT Sepalar Yasa Kartika
        Total                               888.070.747          839.419.589              750.275.997                                  Total




                                                                  166
Page 490
                                                                             The original consolidated financial statements included herein
                                                                                                            are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                     PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                                AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025                                                            As of December 31, 2025
          dan untuk tahun yang berakhir                                                         and for year then ended
              pada tanggal tersebut                                                       (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                       unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI             KEUANGAN        ENTITAS         INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                  (continued)

       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE FINANCIAL STATEMENTS
            ENTITAS INDUK (lanjutan)                                                      OF THE PARENT ENTITY (continued)
C.   SALDO DAN TRANSAKSI                     DENGAN         PIHAK                 C.     BALANCE AND TRANSACTIONS                      WITH
     BERELASI (lanjutan)                                                                 RELATED PARTIES (continued)
     Detail saldo dengan pihak berelasi adalah                               Balance with related parties, are as follows:
     sebagai berikut:

                                      31 Desember 2025/     31 Desember 2024/          31 Desember 2023/
                                      December 31, 2025     December 31, 2024          December 31, 2023

       Pinjaman dari pihak berelasi                                                                                 Loans from related parties
          - lancar - dalam rupiah                                                                                        - current - in rupiah
       Entitas anak                                                                                                                Subsidiaries
          PT Sawit Multi Utama              656.298.647            379.127.443               195.075.789              PT Sawit Multi Utama
          PT Mirza Pratama Putra            439.471.750            349.721.750               308.889.400            PT Mirza Pratama Putra
          PT Tanjung Sawit Abadi            429.036.638            368.666.296               279.007.507            PT Tanjung Sawit Abadi
          PT Mitra Mendawai Sejati               91.398             36.219.598               199.652.355           PT Mitra Mendawai Sejati
       Total                              1.524.898.433           1.133.735.087              982.625.051                                 Total
       Utang lain-lain pihak berelasi                                                                                   Long-term loan from
          - jangka panjang                                                                                                   a related party
          - dalam Dolar AS                                                                                                    - in US Dollar
       Entitas anak                                                                                                               Subsidiaries
          SSMS Plantation International                                                                        SSMS Plantation International
              Pte. Ltd.                     336.206.952            323.786.006               308.840.804                            Pte. Ltd.

       Total utang usaha dan                                                                                        Total trade payables and
         utang lain-lain, dan pinjaman                                                                                 other payables, and
         dari pihak berelasi              2.805.832.551           2.404.208.549            2.201.715.635         loans from related parties

       Total liabilitas                   8.273.994.801           5.915.667.670            6.026.344.992                       Total liabilities
       Sebagai persentasi                                                                                                   As percentage of
         terhadap total liabilitas              33,91%                  40,64%                   36,53%                      total liabilities


     Utang lain-lain - pihak berelasi terutama                              Other payables - related parties mainly represent non-
     merupakan dana talangan dan utang atas jasa                            interest bearing advances and payable from services
     yang diberikan tanpa bunga yang diterima oleh                          rendered obtained by the Company from these related
     Perusahaan dari pihak-pihak berelasi.                                  parties.

     Saldo utang lain-lain - pihak berelasi pada akhir                      Outstanding balances of other payables - related parties
     tahun tidak memiliki jaminan.                                          at year-end are unsecured.




                                                                    167
Page 491
                                                                            The original consolidated financial statements included herein
                                                                                                           are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                                    PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                               AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                               FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025                                                           As of December 31, 2025
          dan untuk tahun yang berakhir                                                        and for year then ended
              pada tanggal tersebut                                                      (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                                      unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI          KEUANGAN          ENTITAS         INDUK             45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                                 (continued)

        CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
             ENTITAS INDUK (lanjutan)                                                    OF THE PARENT ENTITY (continued)
C.   SALDO DAN TRANSAKSI                    DENGAN         PIHAK                 C.     BALANCE AND TRANSACTIONS                       WITH
     BERELASI (lanjutan)                                                                RELATED PARTIES (continued)

     Detail transaksi dengan pihak berelasi adalah                         Transactions with related parties, are as follows:
     sebagai berikut:
                                     31 Desember 2025/     31 Desember 2024/          31 Desember 2023/
                                     December 31, 2025     December 31, 2024          December 31, 2023
     Penjualan                                                                                                                          Sales
     Entitas induk                                                                                                                Parent entity
       PT Citra Borneo Indah                 2.460.514              6.447.700                 4.013.463               PT Citra Borneo Indah
     Entitas anak                                                                                                                 Subsidiaries
       PT Citra Borneo Utama Tbk.        1.752.468.850           1.424.444.427            1.445.050.660           PT Citra Borneo Utama Tbk
       PT Mitra Mendawai Sejati             27.412.558              59.391.258               38.403.042            PT Mitra Mendawai Sejati
       PT Kalimantan Sawit Abadi            17.665.469              14.141.915               10.019.400           PT Kalimantan Sawit Abadi
     Total                               1.800.007.391           1.504.425.300            1.497.486.565                                  Total
     Total penjualan                     1.870.946.546           1.515.003.699            1.504.887.883                            Total sales
     Sebagai persentasi                                                                                                      As percentage of
         terhadap total penjualan              96,20%                  99,30%                   99,50%                           total sales

     Pembelian                                                                                                                       Purchase
     Entitas induk                                                                                                                Parent entity
       PT Citra Borneo Indah                  218.957                        -                        -                PT Citra Borneo Indah
     Entitas anak                                                                                                                  Subsidiaries
       PT Mitra Mendawai Sejati             26.189.397             14.184.026                 7.118.649             PT Mitra Mendawai Sejati
       PT Kalimantan Sawit Abadi             6.364.193             50.658.860                88.123.403            PT Kalimantan Sawit Abadi
       PT Tanjung Sawit Abadi                        -                      -                    82.980              PT Tanjung Sawit Abadi
       PT Kalimantan Sawit Abadi                     -                      -                    54.342            PT Kalimantan Sawit Abadi
     Total                                  32.772.547             64.842.886                95.379.374                                  Total
     Total beban pokok penjualan         1.008.504.195            841.645.413             1.056.336.269                     Total cost of sales

       Sebagai persentasi terhadap                                                                                             As percentage of
         jumlah beban pokok penjualan           3,24%                    7,70%                   9,03%                      total cost of sales

     Beban Penanganan                                                                                                      Handling expense
     Pihak berelasi lainnya                                                                                               Other related parties
        PT Surya Borneo Industri                     -                       -                  15.996              PT Surya Borneo Industri
     Total beban penjualan                     49.624                        -               24.122.604                Total selling expenses
     Sebagai persentasi terhadap                                                                                             As percentage of
       total beban penjualan                       0%                      0%                    0,06%                total selling expenses


     Biaya penelitian dan pemeliharaan                                                                    Research and maintenance expense
     Entitas induk                                                                                                               Parent entity
        PT Citra Borneo Indah               51.137.700                       -                        -               PT Citra Borneo Indah
     Total beban pokok penjualan         1.008.504.195            841.645.413             1.056.336.269                     Total cost of sales
     Sebagai persentasi terhadap                                                                                             As percentage of
       total beban pokok penjualan              5,07%                    0,00%                   0,00%                    total cost of sales




                                                                   168
Page 492
                                                                        The original consolidated financial statements included herein
                                                                                                       are in the Indonesian language.

      PT SAWIT SUMBERMAS SARANA Tbk.                                           PT SAWIT SUMBERMAS SARANA Tbk.
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
           Tanggal 31 Desember 2025                                                   As of December 31, 2025
          dan untuk tahun yang berakhir                                                and for year then ended
              pada tanggal tersebut                                              (Expressed in thousands of Rupiah,
         (Disajikan dalam ribuan Rupiah,                                              unless otherwise stated)
             kecuali dinyatakan lain)


45. INFORMASI        KEUANGAN         ENTITAS          INDUK           45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                             (continued)

      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
           ENTITAS INDUK (lanjutan)                                            OF THE PARENT ENTITY (continued)

C.   SALDO DAN TRANSAKSI                DENGAN          PIHAK          C. BALANCE   AND     TRANSACTIONS                          WITH
     BERELASI (lanjutan)                                                  RELATED PARTIES (continued)

     Detail transaksi dengan pihak berelasi adalah                           Transactions with related parties, are as follows:
     sebagai berikut: (lanjutan)                                             (continued)

                                   31 Desember 2025/     31 Desember 2024/   31 Desember 2023/
                                   December 31, 2025     December 31, 2024   December 31, 2023
     Pendapatan bunga                                                                                                   Interest income
     Entitas induk                                                                                                          Parent entity
       PT Citra Borneo Indah                       -                     -         273.770.771                   PT Citra Borneo Indah

     Entitas anak                                                                                                         Subsidiaries
       PT Kalimantan Sawit Abadi           3.762.762             4.587.436           7.005.644              PT Kalimantan Sawit Abadi
       PT Sawit Multi Utama                4.650.000                     -                   -                   PT Sawit Multi Utama
     Total pendapatan bunga                                                                                              Interest income
       pihak berelasi                      8.412.762             4.587.436         280.776.415             related parties parties, net
     Total pendapatan keuangan            11.164.722             5.411.425         300.808.539                   Total finance income

     Sebagai persentase terhadap
       total pendapatan keuangan             75,35%                84,77%              93,34%     As percentage to total finance income


D.   PENYAJIAN KEMBALI LAPORAN KEUANGAN                                D.    RESTATEMENT          OF SEPARATE FINANCIAL
     TERSENDIRI                                                              STATEMENTS

     Perusahaan menyajikan kembali laporan laba rugi                         The Company restated its statement of profit or loss
     dan pendapatan komprehensif lain untuk tahun                            and other comprehensive income for the year
     yang berakhir pada tanggal 31 Desember 2024,                            ended December 31, 2024, to reflect the impact of
     untuk mencerminkan dampak akuisisi kebun dan                            the acquisition of CBI’s oil palm plantation and mill,
     pabrik kelapa sawit milik CBI yang sebelumnya                           which had previously been acquired by SML. The
     telah diakuisisi oleh SML. Perusahaan dan CBI                           Company and CBI are entities under common
     merupakan entitas sepengendalian sejak periode                          control since period prior to the earliest period
     sebelum periode paling awal yang disajikan dalam                        presented in the financial statements.
     laporan keuangan.




                                                                169
Page 493
                                                                   The original consolidated financial statements included herein
                                                                                                  are in the Indonesian language.

        PT SAWIT SUMBERMAS SARANA Tbk.                                   PT SAWIT SUMBERMAS SARANA Tbk.
               DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                              FINANCIAL STATEMENTS
              Tanggal 31 Desember 2025                                         As of December 31, 2025
            dan untuk tahun yang berakhir                                       and for year then ended
                 pada tanggal tersebut                                    (Expressed in thousands of Rupiah,
           (Disajikan dalam ribuan Rupiah,                                     unless otherwise stated)
                kecuali dinyatakan lain)


45. INFORMASI         KEUANGAN         ENTITAS     INDUK           45. FINANCIAL INFORMATION OF PARENT ENTITY
    (lanjutan)                                                         (continued)

       CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
            ENTITAS INDUK (lanjutan)                                      OF THE PARENT ENTITY (continued)

D.   PENYAJIAN KEMBALI LAPORAN KEUANGAN                            D. RESTATEMENT OF SEPARATE FINANCIAL
     TERSENDIRI (lanjutan)                                            STATEMENTS (continued)

                                            31 Desember 2024/December 31, 2024

                                               Disajikan
                                             sebelumnya/            Disajikan
                                             As previously          kembali/
                                              Presented            As restated

     Bagian laba bersih entitas anak             1.029.394.827      1.016.473.321           Equity in net income of subsidiaries
     Laba usaha                                  1.264.230.509      1.251.309.003                               Operating profit
     Laba sebelum pajak                                                                                Profit before corporate
       Penghasilan badan                          810.890.833         797.969.327                                 Income tax
     Laba tahun berjalan                          819.533.676         806.612.170                             Profit for the year
     Efek penyesuaian proforma                              -          12.921.506                 Effect of proforma adjustment

     LABA TAHUN BERJALAN                                                                            PROFIT FOR THE YEAR
     SEBELUM EFEK                                                                                     BEFORE EFFECT OF
     PENYESUAIAN PROFORMA                         819.533.676         819.533.676                 PROFORMA ADJUSTMENT

     TOTAL LABA KOMPREHENSIF                                                              TOTAL COMPREHENSIVE INCOME
     TAHUN BERJALAN SETELAH                                                                       FOR THE YEARS AFTER
     PENYESUAIAN PROFORMA                         878.396.532         877.871.265               PROFORMA ADJUSTMENT




                                                             170
Page 494

          

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Published8 Apr 2026
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Names mentioned 142 people and organisations named in the text · linked when the evidence is strong

linked org Citra Borneo Utama Tbk p.4 ×29
linked org Allo Bank Indonesia p.9 ×7
linked org Bank KB Indonesia p.9 ×8
linked org Bank Maybank Indonesia Tbk p.37 ×4
linked org Indonesia Eximbank p.37
linked person PROF. DR. IR. BUNGARAN SARAGIH p.40 ×18
linked person JAP HARTONO · Direktur Utama p.48 ×17
linked person Akhmad Faisyal p.57 ×11
linked person Jahja Tanudjaja p.57 ×15
linked person Roshan Chakravarthy p.57 ×13
linked person Henky Satrio Wibowo · Direktur p.57 ×13
linked org Palma Serasih Tbk p.83 ×3
linked org PT Mandiri Sekuritas p.85 ×2
linked org PT Sawit Sumbermas p.91 ×2
possible org Sawit Sumbermas Sarana Tbk p.1 ×293
possible org Otoritas Jasa Keuangan p.2 ×3
possible org International Pte.Ltd. p.9
possible org Bursa Efek Indonesia p.24 ×3
possible org PT Citra Borneo Indah p.24 ×27
possible org PT Putra Borneo Agro Lestari p.24 ×5
possible org Bank Rakyat Indonesia (Persero) Tbk p.37 ×5
possible org Bank Negara Indonesia (Persero) Tbk p.37 ×4
possible person Hoesen · Komisaris Independen p.47 ×2
unresolved org Financial Services Authority p.2 ×5
unresolved org PT Kalimantan Pendirian p.8
unresolved org PT Kalimantan SSMS p.8
unresolved org PT Mitra Mendawai p.8 ×4
unresolved org Bank BRI p.9
unresolved org Bank BSI p.9
unresolved org Bank Menteng Kencana Mas p.9
unresolved org Bank KB Indonesia Mirza Pratama Putra p.9
unresolved org Bank Indonesia p.9 ×4
unresolved org PT Sawit Multi Utama. p.9 ×12
unresolved org Bank Sindikasi p.9
unresolved org PT Sawit Mandiri Lestari M p.9
unresolved org Bank BRI Mirza Pratama Putra p.9
unresolved org Bank Woori Saudara Indonesia p.9 ×3
unresolved org PT Sawit Mandiri Lestari Penerbitan Obligasi Global p.9
unresolved — Entitas Anak dan/atau p.11
unresolved — Associated Entity p.11
unresolved — Kronologi Pencatatan p.11
unresolved — Chronology of Share Listing p.11
unresolved — Kantor Akuntan Publik p.11
unresolved org Kantor Akuntan Publik Public Accounting Firm Information p.11
unresolved — Professions p.11
unresolved — Profile p.11
unresolved — Riwayat Singkat p.11
unresolved — Visi - Misi p.11
unresolved — Nilai-Nilai p.11
unresolved person Expenditure · Komisaris p.12
unresolved person Organ Pendukung · Komisaris p.12
unresolved — Fair and Equal Treatment p.12
unresolved org Indonesia Stock Exchange p.24 ×2
unresolved org PT Citra p.24 ×2
unresolved org PT Putra p.24 ×2
unresolved org PT Sawit Mandiri p.25
unresolved org PT Sawit Mandiri Lestari p.25 ×5
unresolved org QFS MANAGEMENT SYSTEMS LLP p.28 ×6
unresolved person H. UDAN SAID p.28 ×8
unresolved org PT TSI Sertifikasi Internasional p.28 ×11
unresolved org PT Kalimantan Sawit Abadi p.28 ×11
unresolved org PT Mitra Mendawai Sejati p.28 ×12
unresolved org PT SMU p.28 ×5
unresolved org PT Tanjung Sawit Abadi p.28 ×15
unresolved org PT Mirza Pratama Putra p.28 ×5
unresolved org PT Menteng Kencana Mas · Company Name p.28 ×8
unresolved org PT. Sawit Sumbermas Sarana RSPO Membership p.29 ×2
unresolved org PT. Sawit Sumbermas Sarana Sulung Village p.29
unresolved org PT SGS Indonesia p.29 ×16
unresolved org PT SGS Indonesia The Garden Centre p.29 ×4
unresolved org PT SSS p.29 ×2
unresolved org PT KSA p.29 ×3
unresolved org PT. Sawit Sumbermas Sarana Full p.30
unresolved org PT Mirza Pratama Putra Other p.30
unresolved org BSI Services Malaysia Sdn. Bhd. p.30 ×10
unresolved person MALAYSIA · Director p.30
unresolved org PT SGS Indonesia Authorised p.30
unresolved org PT SGS Indonesia Original Registration p.30
unresolved org ASI GmbH p.30 ×4
unresolved org Royal Charter. BSI Services Malaysia Sdn. Bhd. p.30 ×2
unresolved org PT Control Union p.30
unresolved org PT MMS p.30 ×4
unresolved org PT TSA p.30
unresolved org PT BSI Indonesia p.30 ×2
unresolved org PT MPP p.30
unresolved org PT. Tanjung Sawit Abadi Certificate p.31
unresolved org Minister of Agriculture p.31 ×4
unresolved org PT MKM p.31
unresolved org PT AJA Sertifikasi Indonesia p.32 ×7
unresolved org Menteri Pertanian p.32 ×3
unresolved org PT Sawit Sumbermas Sarana Seluas Kebun p.32
unresolved org PT AJA Sertifikasi Indonesia LSISPO- p.32
unresolved org Jakarta Selatan 12550, DKI Jakarta p.32 ×3
unresolved org PT ACT Internasional p.32 ×2
unresolved org Koperasi Jasa Nuangan Kasuma Jaya p.33
unresolved org Koperasi Jasa Kondang Maju Bersama p.33
unresolved org PT Cit p.35
unresolved org Kementerian Lingkungan Hidup dan Kehutanan p.36
unresolved org Ministry of Environment and Forestry p.36
unresolved person H. Abdul Rasyid AS p.37 ×4
unresolved org Pusat Statistik p.42
unresolved person Ir. Rimbun Situmorang Penutup p.47 ×14
unresolved org Menteri Pertanian RI p.83
unresolved org Menteri Pertanian dan Kehutanan RI p.83 ×2
unresolved org PT Palma Serasih Concurrent Position p.83
unresolved org PT East West Seed Indonesia p.83 ×2
unresolved org PT Samudera p.85
unresolved org PT Samudera Concurrent Position p.85
unresolved org Indonesia Tbk p.85 ×2
unresolved org PT Kliring Penjaminan Efek p.85
unresolved org PT Kliring Indonesia p.85
unresolved org PT Ahmad Saleh Perkasa p.87 ×2
unresolved org PT Pelayaran Lingga Marintama p.87 ×2
unresolved org PT BPR Lingga Sejahtera. p.87
unresolved org PT BPR Lingga Sejahtera. Hubungan A p.87
unresolved person Adelai · Direktur p.89 ×2
unresolved org PT Sawit Sumbermas Position History p.91
unresolved org Sarana Tbk p.91 ×2
unresolved org PT Kencana Agri Ltd p.91
unresolved org PT Kencana Indonesia p.91
unresolved org Agri Ltd p.91
unresolved org Intan Baruprama Finance Tbk p.91 ×4
unresolved org Bank ICB Bumiputera Tbk p.91 ×4
unresolved person Concurrent Position · Komisaris p.91
unresolved org PT Menteng p.93
unresolved org Wilmar Africa Limited p.97
unresolved org Am Futures Sdn Bhd p.97
unresolved org PT Citra Borneo p.106
unresolved org PT Putra Borneo p.106
unresolved org PT Prima Sawit Borneo p.110
unresolved org PT Mandiri Indah Lestari p.110
unresolved org PT Agro Citra Mandiri p.110
unresolved person Sunggu Situmorang · Commissioner p.110
unresolved person Jery Borneo Putra · President Director p.110 ×2
unresolved person Elvin Iswandy · Director p.110
unresolved person Hendri Ratoe Bachtiar · Director p.110
unresolved org Direktorat Jenderal p.110
unresolved org Directorate General of Law and Legislation Perundang-Undangan Departemen Kehakiman Republik p.110
unresolved org Ministry of Justice p.110
unresolved org Menteri Kehakiman p.110
unresolved org Minister of Justice p.110

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