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Powering Synergy, Growing Hope
Menggerakkan Sinergi, Mewujudkan Cita
Laporan Tahunan 2025 Annual Report
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Disclaimer and
Limitation of Liability
The 2025 Annual Report contains statements regarding the In this Annual Report, the terms “the Company” or “AKR” refer
Company’s financial condition, results of operations, policies, to PT AKR Corporindo Tbk together with its Subsidiaries,
plans, projections, and objectives that may be considered which operate in trading and distribution, logistics services,
forward-looking statements, except for matters that are manufacturing, and industrial estate businesses.
historical in nature.
The preparation of the Company’s Annual Report refers to
The forward-looking statements contained in this Annual Law No. 40 of 2007 concerning Limited Liability Companies,
Report are based on assumptions regarding current Financial Services Authority Regulation No. 29/POJK.04/2016
conditions and future circumstances related to the Company’s concerning Annual Reports of Issuers or Public Companies,
business environment and the policies of the Company’s and Financial Services Authority Circular Letter No. 16/
Management. Such statements involve risks and uncertainties SEOJK.04/2021 concerning the Form and Content of Annual
that may cause the Company’s actual future conditions and Reports of Issuers or Public Companies.
results to differ materially from those anticipated. Therefore,
there can be no assurance that the results anticipated by
the Company will be achieved. The Company undertakes no
obligation to update these statements in the event of changes
in circumstances, estimates, or opinions in the future.
Annual Report 2025
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20
25
Powering Synergy
Growing Hope
Annual Report 2025
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Overview of the
2025 Theme
AKR’s progress is driven by strategic pillars aligned with Driven by commitment of trust and innovation, AKR has
Indonesia Maju’s economic development agenda, particularly achieved positive developments at the JIIPE Gresik Special
in strengthening energy independence and supporting Economic Zone (SEZ), marked by increasing activity from
industrialization, downstream development, and digitalization. strategic tenants in the metal, chemical, and glass sectors.
These efforts are underpinned by the development of This development strengthens JIIPE’s position as a catalyst for
integrated infrastructure, enhanced supply chain resilience, downstream industries and manufacturing investment, while
and a strong commitment to governance and sustainability. reinforcing the Company’s business model through recurring
This synergy forms the foundation of AKR’s resilience and revenue generated by utility assets. As an integrated industrial
business continuity. AKR plays strategic role in the national ecosystem, JIIPE also contributes to regional economic
industrial ecosystem through its basic chemicals segment, growth, job creation, and improved efficiency in industrial
supplying essential chemicals used in everyday products logistics costs.
while also supporting strategic industries, including mineral
downstream processing. The Company also strengthens its In 2025, the Company recorded robust operational and
role in the energy ecosystem through integrated petroleum financial performance, driven by growth in the fuel and basic
(fuel) distribution for both industrial and retail segments, chemical distribution segments, the strengthening of reliable
alongside logistics, industrial estate, and port services. This logistics infrastructure, and the continued operation of key
integration ensures seamless supply chain continuity and tenants at JIIPE. The Company also reinforced strategic
enhances cross industry synergy. partnerships to enhance operational continuity, mitigate
risks, and support the expansion of the industrial estate.
For 65 years, AKR has built an extensive infrastructure network These achievements are supported by strong financial
comprising ports, terminals, storage facilities, transportation fundamentals, including a healthy capital structure and
fleets, and integrated distribution networks across multiple well-maintained cash flow. In addition, the integration of
operational regions. The Company optimizes the distribution governance and ESG principles into the decision-making
of basic chemicals, energy, and logistics by integrating processes provides a strong foundation for sustaining long-
logistics infrastructure and digitalization capabilities. This term business sustainability value and impact.
approach increases efficiency, strengthens connectivity
between distribution nodes, and ensures reliable energy AKR’s progress, both today and in the future is built upon
availability for the productive and retail sectors. Building on the resilience that has been consistently developed
this foundation, AKR is able to continuously supporting energy throughout the Company’s transformation journey. Through
security, industrial needs, and long-term growth through the synergy of its core strengths, the Company continues
consistent management. to direct its strategic initiatives toward strengthening value
creation, enhancing competitiveness, and responding to
the evolving needs of industry. The Company’s contributions
support economic growth and deliver dependable value to
stakeholders.
Annual Report 2025
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Theme
Continuity
2024 Beyond Strategy,
Value, and Legacy
The logistic sector is crucial to national economic growth and energy
resilience. However, challenges such as infrastructure gaps, high
costs, and operational inefficiencies continue to pose obstacles.
AKR represents a strategic solution in addressing Indonesia’s
logistics challenges through an approach that goes beyond
conventional strategies, creating value and building a sustainable
legacy. By leveraging its integrated distribution network, continuous
investment in infrastructure, and strong competitive advantages,
AKR contributes to improving supply chain efficiency and reducing
logistics costs. With robust business model as the foundation,
innovation as the driving force, and sustainability as the strategic
direction, AKR reaffirms its position as a relevant and forward-looking
industry player.
2023 Raising the Bar,
Progressing Further
AKR’s solid, six-decade track record continues to strengthen the
Company’s position as a leader in the logistics and supply chain
sector. By expanding its distribution network from basic chemicals,
petroleum to aviation fuel and optimizing the JIIPE Special Economic
Zone in Gresik, AKR plays an important role in creating an integrated
supply chain ecosystem. This not only enhances the competitiveness
of the logistics infrastructure but also attracts foreign direct
investment. JIIPE’s advantages in world-class utilities and facilities
also support AKR’s business growth, particularly in responding to
the trend of industrial downstreaming in Indonesia. Through the
implementation of ESG principles and a strong business model, AKR
recorded net profit growth of Rp2,780 billion, an increase of 16%
compared to the previous year. The sustainability of AKR’s growth
over the past five years reflects strong strategic vision, resilience,
and adaptability to business dynamics, reinforcing optimism
for continued growth alongside Indonesia’s future economic
development.
Annual Report 2025
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2022 A Year of Growth
and Resilience
2022 marked an important chapter in AKR’s business journey, where
challenges and opportunities were inseparable, creating a dynamic
environment for the Company to navigate. With a strong business
model, supported by the resilience, reliability, and the capabilities
of its human resources, technology, and financial strength, AKR
delivered positive performance. Furthermore, strategic initiatives
that had been implemented since 2013, particularly the JIIPE Gresik
Special Economic Zone, began to deliver results and entered the
phase of asset monetization. This was reflected in the improvement
of AKR’s ROE (21.9%) and ROA (8.8%).
2021 Developing Sustainable Value
to Grow with the Nation
AKR is committed to enhancing best practices in Environmental,
Social, and Governance (ESG) initiatives, believing this will not only
have a positive impact on the Company but also on stakeholders as
a whole. Therefore, AKR is not only focused on increasing value for
shareholders but also strives to enhance its contribution to nation-
building. By leveraging its proven business model, supported by
reliable human resources and a tested information technology
platform, the Company is confident it can continue to grow and
develop in line with the national economy.
Annual Report 2025
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Vision and
Mission
Vision Mission
The leading Optimizing our
potential to create
provider sustainable
of logistic stakeholders value.
services and
supply chain
solutions for
bulk chemical
& energy
distribution in
Indonesia.
Review and Approval of the Company’s Vision and Mission by the Board of
Commissioners and the Board of Directors
The Board of Commissioners and the Board of Directors review and strategic priorities established by management, with the
the Company’s Vision and Mission periodically to ensure results reviewed, approved and determined as a foundation
alignment with the Company’s strategic direction and long- for performance measurement and the achievement of the
term objectives. The review process takes into consideration Company’s objectives.
developments in the business environment, industry trends,
Annual Report 2025
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Strategic Pillars in Maintaining
Synergy and Realising Aspirations
Energy & Industrial
Connectivity
Driving Synergy in Infrastructure and
Supply Chains: Through its distribution
network and logistics infrastructure, the
Company delivers energy supplies and
raw materials to industrial customers. This
Integrated & synergy supports the stability of strategic
Competitive Industrial
industries and ensures the reliable supply
of basic chemicals, biodiesel and retail
Ecosystems
fuels .
Advancing the Vision of Globally Competitive
Industrial Estates: JIIPE advances economic
self-reliance through integrated utilities that
Operational
reduce logistics costs and support the smooth
operations of tenants. The Metal–Chemical–
Glass ecosystem developed at JIIPE supports
increased regional investment and job creation. Excellence &
Financial Resilience
Foundation of Strength Amid Economic
Dynamics: AKR’s business activities
are supported by integrated logistics
infrastructure, including ports, storage
facilities, transportation networks,
and strengthened digital capabilities.
This integration enables operational
efficiencies through the realization of
economies of scale, while reinforcing the
Company’s operational resilience and
performance stability.
Trusted
Governance &
Responsible
Growth
Trust as a Core Foundation: The
integration of governance and Strategic Partnerships &
Market Confidence
ESG principles underpins strategic
decision-making to ensure long-
term business sustainability. AKR
ensures transparent and accountable Synergy with Principal, Government, Customers, and
management with a focus on risk Investors: The Company treats strategic partnerships
mitigation and environmental impact as a cornerstone of sustainable growth. Through
management. credible collaboration based on long-term value,
the Company strengthens its business ecosystem
and relationships with industrial customers. AKR
maintains transparency and open communication
with stakeholders to preserve market confidence.
Annual Report 2025
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AKR’s 65 Years Resilience
Across Economic Cycles
The Starting Point
AKR’s story began with the
trading of basic chemicals in
1960, pioneered by Mr. Soegiarto
Adikoesoemo in Surabaya. From
this modest beginning, PT Aneka
Kimia Raya was established in
1970, laying the foundation for the
Company’s long-term growth.
Expansion and Infrastructure Strengthening
As demand for basic chemicals continued to rise, AKR relocated
its head office to Jakarta and expanded its presence across
several major cities. The Company also broadened its product
portfolio by entering the sorbitol business, a product widely used
across various industries by setting up with Sorini. Another AKR
subsidiary, PT Saritanam Pratama integrated the sorbitol business
from upstream to downstream.
The Energy Crisis and Early Transformation
The energy crisis of the 1970s–1980s shook the world, with surging energy
prices creating new opportunities for the chemical business. To take
advantage of this opportunity, AKR transformed its business from basic
chemicals trading to bulk liquid distribution. This bold decision required
the development of a modern logistics infrastructure and marked the
starting point for the Company’s integrated supply chain.
Annual Report 2025
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Leadership Transition
Combining an entrepreneurial
vision with disciplined
governance to guide AKR
toward sustainable growth, the
leadership baton was passed to
Mr. Haryanto Adikoesoemo who,
after completing his education,
joined AKR and strengthened the
Company’s financial foundation
in 1983 before being appointed
President Director in 1992.
Becoming a Public Company
As business continued to grow, AKR listed its shares on the
Indonesia Stock Exchange in 1994 under the ticker code
AKRA, marking a new chapter of greater transparency,
stronger governance, and improved access to funding to
support long-term expansion.
Steps Toward the Global Stage
Global expansion began in 2004 through
the acquisition of Khalista in China and the
strengthening of ownership in PT Sorini
Corporation Tbk. Demonstrating the Company’s
competitiveness in the international market, by
2006, AKR had grown into one of the leading
Resilience and Growth sorbitol producers in the Asia Pacific region and the
Amid Crisis second largest in the world.
AKR continued to move forward amid
the pressures of the 1998 Asian financial
crisis, expanding its network to more than
20 locations, strengthening its product
portfolio as well as its land and marine
fleets, and developing an efficient and
reliable national distribution network to
serve Indonesia’s industries.
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Port Acquisition
Expansion continued with the
acquisition of five river ports
in Guigang, China. Through
connectivity along the Yangtze
River, AKR was able to operate
container and bulk terminals that
served major economic growth
Strengthening National Energy centers, further reinforcing
the Company’s international-
Security standard logistics capabilities.
In October 2004, the deregulation of the
downstream petroleum sector opened a new
chapter with AKR becoming the first private
company to distribute non-subsidized fuel and in
2010 appointed as the only private company to
distribute subsidized fuel. With a network spanning
the entire supply chain, including coastal areas and
fishing communities, AKR plays an important role in
supporting national energy security.
AKR and World-Class Partners
Throughout its journey, AKR has partnered
with leading global companies to sustain and
enhance its competitive advantage. These
partnerships include collaboration with Royal
Vopak in developing the Jakarta Tank Terminal;
with bp in expanding the retail fuel network,
aviation fuel, and industrial lubricants; and with
Petronas in methanol.
Refining the
Business Focus
AKR divested its ownership in PT Sorini
in 2011, followed by its business in
China, including the Guigang port and
Khalista entity in 2016/2017. These
decisions were taken to allow the
Company to focus more strongly on
AKR’s core businesses in logistics and
supply chain services, particularly in
the domestic market, opening new
opportunities for future growth.
Annual Report 2025
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Industrial Estates as a Driver of National
Competitiveness
This opportunity saw the development with Pelindo, an integrated
industrial estate & port designed to significantly reduce logistics
costs, benefiting both tenants and the overall growth of the area.
The Java Integrated Industrial and Port Estate (JIIPE) integrates
an industrial area and a deep-sea port and is the culmination of
a six-decade vision to build an integrated logistics ecosystem
that would improve Indonesia’s efficiency and competitiveness.
This industrial estate offers impressive advantages thanks to
its strategic location and integration with a deep-sea port,
combined with world-class facilities and utilities. The area
was awarded Special Economic Zone status in 2018 and has
successfully attracted significant investment from both foreign
and domestic investors.
Integrated Supply Chain Orchestration
AKR continued to maintain stability through operational efficiency,
digitalization, and the strengthening of its supply chain. The distribution
of both petroleum and basic chemicals requires digital capabilities to
enhance competitive advantage and transparency, so from an early
stage, AKR committed to improving service quality by developing
monitoring systems that have since evolved into a control tower platform.
This technology enables AKR to operate efficiently and safely amid global
energy volatility and the challenges even during the pandemic.
65 Years of Resilience and Sustainability
With 65 years of experience, AKR continues to reinforce its position as
a vital node in the logistics and supply chain of energy and chemical
distribution. Its role in supporting industrialization and strengthening
national energy resilience has become increasingly evident. Moving
forward, AKR is committed to sustaining its growth while delivering wider
impact, including expansion into new regions such as Eastern Indonesia,
as well as the development of cleaner energy for the future.
Annual Report 2025
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Strengthening the Position of JIIPE SEZ as
a National Strategic Industrial Hub
The JIIPE Special Economic Zone continues to affirm its role JIIPE SEZ’s significant progress is demonstrated through the
as a strategic center for new industrial growth. As it develops enhancement of facilities, increased tenant activities, and the
into a key node within the national industrial ecosystem, JIIPE continued development of its industrial ecosystem:
contributes to promoting downstream industrialization and a. JIIPE, together with the Regional Office of the Directorate
more efficient supply chain integration. Activities within the General of Immigration of East Java, officially launched the
industrial estate have also created employment opportunities, Residence Permit and Immigration Information Service Unit
contributing positively to human development in Gresik. This (ULITIK) in November 2025.
momentum reflects JIIPE’s advancement as part of ongoing b. The launch of a pilot implementation of the Customs
efforts to reinforce regional economic growth and support Auto Gate System within the customs area to accelerate
the sustainable development of national industry. logistics flows.
c. The strengthening of electricity supply in collaboration with
PLN with a capacity of 40 MVA.
d. Support for the smooth operation of the industrial estate
through the construction of a police station.
33 tenants Rp111.5 Trillion
Strategic Tenants Cumulative investment achieved
+40,000 people 5 industrial clusters
establishment:
Employment generated in Gresik over the past 5 years • Metal – Copper Refining
• Chemicals
• Glass/Glass Products/Renewable Energy
• Logistics &ports
• Electronics
Recognition of the role of the
JIIPE SEZ in encouraging
investment:
• Excellence in Investment Dominance & Strategic
Downstreaming by Bisnis Indonesia Group (BIG)
• CSR Award from the Gresik Regency Government
• Investment Award from the East Java Provincial
Government
Annual Report 2025
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The success of JIIPE is supported by:
The development of world class industrial estate Increased realization of investment and
clusters utilities, including energy supply, water employment absorption
treatment, and infrastructure supporting high-
technology industries
The strengthening of its role as a national strategic The optimization of Special Economic Zone status,
industrial hub, particularly for the metal, chemical, providing fiscal and non-fiscal incentives that
renewable energy, downstreaming, logistics and enhance investment attractiveness
port sectors
The Transformation into one of the largest metal
downstreaming centers in Southeast Asia, marked
by the inauguration of a mineral smelting and
refining facility by the President of the Republic of
Indonesia, Prabowo Subianto JIIPE Supports Clean and Low-Carbon Energy
Providing cleaner and renewable energy
The installation of solar panels on the The industrial estate operates with zero Water and wastewater treatment The gas-fired power plant is in
JIIPE utility center actively integrates water runoff. facilities (WTP & WWTP) to provide operation as an alternative power
renewable energy. clean and recycled water while source, complementing high-voltage
reducing water runoff. electricity supplied by PLN.
Annual Report 2025
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Energizing Indonesia Forward
with Trust and Innovation
AKR is a leading company in Indonesia in the logistics and supply chain sector, and a developer of one of the largest integrated
industrial estates and ports in Indonesia. The Company provides basic chemicals, energy products, and integrated infrastructure
to support industrial needs and promote a sustainable future.
AKR’s Strengths
Proven Business Model Cost Efficiency
Disciplined Working Capital Management Investment in New Growth
The commitment to delivering energy and industrial solutions AKR’s resilience is anchored in its solid business model and
reliably is realized through trust and continuous innovation, comprehensive integrated infrastructure. The Company’s
reflected in meeting the needs of industrial customers, logistics network is supported by 13 seaports, 6 river ports, as
serving as a strategic partner for suppliers, complying with well as storage tank and warehouse facilities at 21 locations
regulatory requirements, and creating value for shareholders across Indonesia, ensuring efficient and reliable distribution
and stakeholders. across the country’s archipelagic regions.
Tank Terminal Locations
13 Branches
19 Sea and River Ports
Medan Pontianak
Buntok Manado-Bitung
Palembang
Palaran
Morowali
Stagen
Jakarta-Priok
Lampung Banjarmasin
Ciwandan
Bandung
Semarang Surabaya
Bali
Sumatera Jawa-Bali Kalimantan Sulawesi
46,100 KL 584,200 KL 159,600 KL 30,500 KL
• Medan Anggada • Banten Ciwandan • Pontianak • Morowali
• Medan Gabion • Jakarta Tank Terminal (JTT) • Buntok Muara Teweh • Bitung
• Palembang Andahanesa • Tj Priok • Banjarmasin
• Lampung • Bandung • Stagen – Kalsel
• Semarang Tj Emas • Palaran
• Surabaya Nilam Timur
• Surabaya Nilam Utara
• Manyar - KEK JIIPE
• Anugrah Kreasi Pratama
Indonesia (AKPI)
• Terminal Nilam
Utara (TNU)
• Bali
Annual Report 2025
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19 176 820,400 KL
Sea and River Ports Fuel Service Stations operated by Storage Tank Terminal
AKR & bp AKR
14 50,000 Sq.m ±250
Vessels/SPOB Units Warehouse Capacity Fuel & Chemical Tank Trucks
Annual Report 2025
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AKR’s Achievements
in 2025
Total Sales and Revenue
Rp46,018 billion
Trading and Distribution Trading and Distribution
Rp34,013 billion Rp7,301 billion
Petroleum Products Basic Chemicals
Manufacturing Industrial Estate
Rp464 billion Rp2,741 billion
Logistics Services
Rp1,499 billion
Annual Report 2025
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Total Assets Total Equity
Rp36,562 billion Rp15,610 billion
EBITDA Net Profit
Rp3,674 billion Rp2,473 billion
ROE ROA
20 % 7%
Net Gearing
-0.08 times
Net Cash
Annual Report 2025
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Expanding Sustainability Initiatives,
Maintaining Energy Resilience
Sustainability at the core of the Company’s business environmental footprint, expanding support for cleaner fuels,
strategy to create long-term value. Through its strategic and encouraging low-carbon business practices across its
role in maintaining energy resilience and equitable energy business ecosystem as part of its tangible contribution to the
distribution, the application of responsible business practices, national energy transition.
strong governance, and collaboration that supports socio-
economic development across various regions in Indonesia, Through a measured and value-based approach, AKR
AKR ensures business growth that is aligned with the interests integrates Environmental, Social, and Governance (ESG)
of its stakeholders. aspects into its decision-making processes and daily
operations. The establishment of the ESG Committee
Every step taken by AKR is directed toward promoting strengthens oversight and evaluation over the implementation
inclusive progress, improving the quality of life of communities of sustainability policies and programs, ensuring that every
surrounding its operational areas, and strengthening strategy and initiative is carried out consistently, measurably,
sustainable business competitiveness. AKR enhances and in alignment with the Company’s long-term objectives.
its contribution toward a greener future by reducing its
2025 ESG Performance Achievements
E
Environmental
S
Social
G
Governance
187,083 GJ renewable energy Rp32.80 billion CSR investment 101.06 ACGS governance score
consumption ↑ from 156,557 realization ↑ significant reflects an improvement in
GJ in 2024 increase vs 2024 governance practices
50,124 ton CO₂e scope 1 & 2 23% women in middle-up See on page 175
emissions ↓ from 53,596 management Zero legal and regulatory violations
tonCO₂e in 2024 13.6 million km Zero-accident truck Improved ESG score
0.012 ton CO₂e / Rp million emission distance ↑ from 12.7 million km in 2024 Implementation of PSPK 1 & 2
intensity ↓ from 0.015 tCO₂e / Rp +15% Increase in local workforce reflects readiness to comply with
million in 2024 absorption (SPBU) sustainability regulations and
+26% Increase in normalized 62% Local employees in operations ↓ reporting requirements
energy mix from 64% in 2024 Total investment in JIIPE SEZ
Rp9.1 billion Environmental Zero major safety incidents contributes to the economic
management cost ↑ from Rp8.2 100% subsidiaries implementing ESG development of East Java
billion in 2024 programs See on page 119-120
Major Share and ESG Indices ESG Ratings by International Institutions
LQ45 S&P Global CSA
Bisnis 27 Increased to 38,
remaining above the
IDX Sharia Growth industry average
MNC 36
Kompas100
MSCI SMALL CAPS INDEX
Investor 33
Pefindo IGrade 30
Top 8 IDX ESG Star Listed Company
IDX LQ45 Low Carbon Leaders
IDX ESG Leader Index
ESG Sector Leaders IDX KEHATI
ESG Quality 45 IDX KEHATI
Annual Report 2025
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19 Annual Report 2025
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Company Milestones 64
Table of Business Activities
Business Segments, Products,
66
68
Contents and Services
Association Memberships 73
Organizational Structure 74
Disclaimer and Limitation of Liability 1 Profile of the Board of 75
Commissioners
Overview of the 2025 Theme 3
Profile of the Board of Directors 78
Theme Continuity 4
Information on Management 85
Vision and Mission 6
Changes During the 2025
Strategic Pillars in Maintaining Synergy and Realising 7 Financial Year
Aspirations
Executive Officers 86
AKR’s 65 Years Resilience Across Economic Cycles 8
Company Shareholding 91
Strengthening the Position of the JIIPE Special 12 Composition
Economic Zone as a National Strategic Industrial Hub
Chronology of Share Listing 96
Energizing Indonesia Forward through Trust and 14
Information on Sukuk and 97
Innovation
Convertible Bonds
AKR’s Achievements in 2025 16
Company Group Structure 98
Expanding Sustainability Initiatives, Maintaining 18
Subsidiaries and Associated 99
Energy Resilience
Entities
Table of Contents 20
Public Accounting Firm 101
Capital Market Supporting 102
Institutions and Professions
01 Financial Overview 24
Company Website 104
Financial and Operational Overview 28
Operational Operational Areas and List of 106
Overview Share Overview 28 Office Addresses
Dividend Overview 30
Overview of Other Securities 30
04 Economic and Industry Review 112
Awards and Certifications 32
Management Operational Review 113
Key Events 2025 34 Discussion and
Analysis Business Segment Performance 114
Financial Review 122
02 Board of Commissioners’ Report 38 Debt Servicing Capability 133
Management Board of Directors’ Report 44 Capital Structure and Capital 134
Report Structure Policy
Responsibility Statement 54
of the Board of Commissioners Material Commitments for 135
for the Annual Report 2025 Capital Expenditure
of PT AKR Corporindo Tbk
Realization of Capital 136
Responsibility Statement 55 Expenditure
of the Board of Directors
for the Annual Report 2025 2025 Targets and Realization 136
of PT AKR Corporindo Tbk
2026 Outlook 137
Management and Employee 138
Stock Ownership Program
03 General Information 58
(MESOP)
Company Brief History 60
Material Information and Facts 138
Profile Subsequent to the Date of the
Company Values 62
Auditor’s Report
Meaning of the Company Logo 62
Annual Report 2025
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Business Outlook 139 Committees of the Board of 211
Commissioners
Dividends 143
Other Committees Supporting 220
Marketing Aspects 144 the Board of Commissioners
Realization of the Use of 145 Committees Supporting the 221
Proceeds from the Public Board of Directors
Offering
Internal Control System 230
Material Information on 145
Investment, Expansion, Risk Management 234
Divestment, Merger/
Consolidation, Acquisition, and Legal Matters 240
Debt/ Capital Restructuring
Administrative Sanctions 240
Information on Material 146
Access to Company Information 241
Transactions Containing
and Data
Conflicts of Interest and/or
Transactions with Affiliated Investor Relations and 242
Parties Communication
Changes in Laws and 148 Code of Ethics and Conduct 244
Regulations
Performance-Based Long-Term 246
Changes in Accounting Policies 148 Compensation Policy for
Affecting the Company Management and/or Employees
Going Concern Information 149 Anti-Corruption and Anti-Bribery 247
Policy
Whistleblowing System 248
05 Human Resources 152
Efforts to Enhance the Quality 250
Business of Corporate Governance
Support Implementation
Functions
Insider Trading Policy 250
Information Technology 251
06 Governance Achievements 166 Governance
Corporate Commitment to Building 169 Procurement of Goods and 256
Governance Corporate Governance Services
Assessment of Corporate 174 Guidelines for the 256
Governance Implementation Implementation of Corporate
Governance Principles
General Meeting of 176
Shareholders The Practice of Bad Corporate 277
Governance
Implementation of the 2025 178
GMS
Implementation of the 2024 183
GMS 07 Sustainability Commitment for a 280
Social and Valuable Future
Board of Commissioners 186 Environmental
Implementation of the 280
Responsibility
Independent Commissioners 193 Sustainability Concept
and Sustainability Report
Board of Directors 194 Preparation Procedures
Independence and 201
Transparency of Information of
the Board of Commissioners and Financial Statements 282
the Board of Directors
Disclosure List in Compliance with SEOJK 438
Performance Evaluation of the 208 Regulations No. 16/SEOJK.04/2021
Board of Commissioners and the
Board of Directors
Nomination and Remuneration 208
Policy of the Board of
Commissioners and the Board of
Directors
Annual Report 2025
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01 Financial and Operational Overview 16.4 % CAGR Net profit growth from 2005-2025 See net profit growth on page 25
Page 25
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24
Financial
Overview
Consolidated Financial Position
In Billions of Rupiah
Description 2025 2024 2023 2022 2021
Net Working Capital 7,487 7,544 5,588 4,561 2,716
Investment in Associates 536 492 446 417 402
Current Assets 23,324 20,998 18,163 15,841 12,023
Non-Current Assets 13,239 12,111 12,134 11,346 11,486
Total Assets 36,562 33,109 30,297 27,188 23,509
Current Liabilities 15,837 13,454 12,575 11,280 9,307
Non-Current Liabilities 5,115 5,030 3,678 2,752 2,903
Total Liabilities 20,952 18,485 16,254 14,033 12,210
Equity Attributable to Owners of the
12,156 11,563 11,263 10,969 9,345
Parent Entity
Non-Controlling Interests 3,454 3,061 2,780 2,186 1,954
Total Equity 15,610 14,624 14,043 13,155 11,299
Total Rp Billions Total Rp Billions
Assets Liabilities
36,562
20,952
18,485
33,109
16,254
30,297
14,033
27,188
12,210
23,509
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Total Rp Billions Return on Equity %
Equities (ROE)
15,610
24.7
14,624
14,043
21.9
20.3
13,155
19.2
11,299
11.9
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Annual Report 2025
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Financial and Operational Overview
Consolidated Profit (Loss) and Other Comprehensive Income
In Billions of Rupiah
Description 2025 2024 2023 2022 2021
Sales and Revenue 46,018 38,729 42,087 47,540 25,707
Gross Profit 4,098 3,509 4,473 4,252 2,293
Operating Profit 3,084 2,578 3,561 3,087 1,455
Profit for the Year 2,823 2,399 3,078 2,479 1,135
Profit for the Year Attributable to
2,473 2,225 2,780 2,403 1,112
Owners of the Parent Entity
Profit for the Year Attributable to Non-
351 174 298 76 23
Controlling Interests
Total Comprehensive Income for the
2,867 2,452 3,048 2,576 1,158
Year
Total Comprehensive Income for the
Year Attributable to Owners of the 2,491 2,254 2,761 2,453 1,126
Parent Entity
Total Comprehensive Income for the
Year Attributable to Non-Controlling 376 199 287 123 32
Interests
Earnings per Share (Full Rupiah) 125.24 112.73 140.87 121.77 56.32
Sales and Rp Billions Operating Rp Billions
Revenue Profit
47,540
3,561
46,018
42,087
3,087
3,084
38,729
2,578
25,707
1,455
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Gross Rp Billions Profit for the Year Attributable Rp Billions
Profit to Owners of the Parent Entity
4,473
2,780
2,473
4,252
2,403
4,098
3,509
2,225
2,293
1,112
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Annual Report 2025
Page 28
26
Earnings per Rp Billions Cash Rp Billions
Share Balance
140.87
6,536
125.24
6,404
121.77
112.73
5,366
4,338
56.32
2,600
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Consolidated Cash Flow
In Billions of Rupiah
Description 2025 2024 2023 2022 2021
Net Cash - Operating Activities 3,941 1,347 3,502 2,629 2,945
Net Cash - Investing Activities (1,309) (1,173) (584) (276) (208)
Net Cash - Financing Activities (1,689) (1,470) (648) (873) (1,683)
Net Increase (Decrease) in Cash and
943 (1,296) 2,270 1,479 1,053
Cash Equivalents
Effect of Foreign Exchange Rate
96 127 (72) 258 (2)
Changes
Cash and Cash Equivalents at
5,366 6,536 4,338 2,600 1,549
Beginning of Year
Cash and Cash Equivalents at End of
6,404 5,366 6,536 4,338 2,600
Year
Consolidated Financial Ratios
in % unless otherwise stated
Description 2025 2024 2023 2022 2021
Return on Total Assets 6.8 6.7 9.2 8.8 4.7
Return on Equity 20.3 19.2 24.7 21.9 11.9
Return on Revenue 5.4 5.7 6.6 5.1 4.3
Current Ratio (times) 1.5 1.6 1.4 1.4 1.3
Liabilities to Equity Ratio (times) 1.3 1.3 1.2 1.1 1.1
Debt to Equity Ratio (times) 0.3 0.3 0.3 0.2 0.2
Liabilities to Total Assets Ratio (times) 0.6 0.6 0.5 0.5 0.5
Gross Profit Margin 8.9 9.1 10.6 8.9 8.9
Operating Profit Margin 6.7 6.7 8.5 6.5 5.7
Total Asset Turnover (times) 1.3 1.2 1.4 1.7 1.1
Net Gearing Ratio (times) -0.08 -0.04 -0.16 -0.12 0.02
Price to Earnings Ratio (times) 10.7 9.9 10.5 11.5 14.6
Annual Report 2025
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27
Financial and Operational Overview
Net Profit % Return on %
Margin Total Assets
6.6
9.2
8.8
5.7
6.8
6.7
5.4
5.1
4.7
4.3
2021 2022 2023 2024 2025 2021 2022 2023 2024 2025
Current times Net Gearing times
Ratio Ratio
1.6
0.02
1.5
2022 2023 2024 2025
2021
1.4
1.4
-0.04
-0.08
1.3
-0.12
-0.16
2021 2022 2023 2024 2025
Liabilities to times Dividend Payout %
Equity Ratio Ratio
1.3
1.3
88.7
88.8
1.2
61.6
53.3
1.1
1.1
51.5
2021 2022 2023 2024 2025 2020 2021 2022 2023 2024
Annual Report 2025
Page 30
28
Operational
Overview
Operating Segments by Sales and Revenue
In Billions of Rupiah
Description 2025 2024 2023 2022 2021
Trading and Distribution 41,314 35,532 38,213 44,698 23,712
Logistics Services 1,499 1,165 993 893 772
Manufacturing 464 652 558 800 684
Industrial Estate 2,741 1,381 2,323 1,149 539
Share
Overview
Share Trading Performance
On October 3, 1994, PT AKR Corporindo Tbk marked a significant milestone in its business journey by conducting an Initial Public
Offering and listing its shares on the Indonesia Stock Exchange under the ticker code AKRA.
Description 2025 2024 2023 2022 2021
Market Capitalization
25,293 22,482 29,608 28,103 16,500
(Rp Billion)
Highest Price (Rp) 1,430 1,865 1,670 1,580 944
Lowest Price (Rp) 890 1,075 1,200 685 554
Closing Price (Rp) 1,260 1,120 1,475 1,400 822
Trading Volume (Shares) 5,473,770,000 6,634,160,000 8,660,986,800 13,281,510,800 15,728,500,500
Total Outstanding Shares
20,073,474,600 20,073,474,600 20,073,474,600 20,073,474,600 20,073,474,600
(Shares)
Quarterly Share Performance
Share Price (Rp) Total Market
Trading Volume
Period Outstanding Capitalization
(Shares)
Highest Lowest Closing Shares (Shares) (Rp Billion)
2025
Quarter 1 1,330 1,030 1,095 1,126,200,000 20,073,474,600 21,980
Quarter 2 1,380 890 1,160 1,466,800,000 20,073,474,600 23,285
Quarter 3 1,365 1,105 1,210 1,315,660,000 20,073,474,600 24,289
Quarter 4 1,430 1,065 1,260 1,565,050,400 20,073,474,600 25,293
Annual Report 2025
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29
Financial and Operational Overview
Share Price (Rp) Total Market
Trading Volume
Period Outstanding Capitalization
(Shares)
Highest Lowest Closing Shares (Shares) (Rp Billion)
2024
Quarter 1 1,825 1,475 1,720 1,741,810,000 20,073,474,600 34,526
Quarter 2 1,865 1,530 1,620 1,474,260,000 20,073,474,600 32,519
Quarter 3 1,620 1,530 1,550 2,125,090,000 20,073,474,600 31,114
Quarter 4 1,650 1,075 1,120 1,293,000,000 20,073,474,600 22,482
Share Trading Chart for 2024 – 2025
2,000 140,000,000
1,800
120,000,000
1,600
100,000,000
1,400
80,000,000
1,200
60,000,000
1,000
40,000,000
800
20,000,000
600
400 0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2024 2025
Volume Close Price
Corporate Actions
By the end of 2025, the Company did not undertake any corporate actions affecting changes to its share structure, including
stock splits, reverse stock splits, the issuance of bonus shares, or changes in the share nominal value.
Sanctions on Share Trading
As of December 31, 2025, AKR has never been subject to any sanctions that have impacted its stock trading activities on the Stock
Exchange in which the Company is listed, including temporary suspension of trading or delisting.
Annual Report 2025
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30
Dividend
Overview
Cash Dividend Cash Dividend for Fiscal Year 2024 Cash Dividend for Fiscal Year 2023
Cash Dividends Distributed (Rp Billion) 1,975 2,467
Dividend per Share (Rp) Rp100 Rp125
Dividend Payout Ratio (%) 88.77% 88.73%
2024 Fiscal Year 2023 Fiscal Year
Description
Interim 1 Final Interim 1 Interim 2 Final
Date of GMS
Resolution and 23 July 2024 28 April 2025 24 July 2023 23 October 2023 29 April 2024
Board of Directors’ Rp50 per share Rp50 per share Rp50 per share Rp25 per share Rp50 per share
Decision
15 November
15 August 2024 22 May 2025 16 August 2023 27 May 2024
Payment Date 2023
Rp50 per share Rp50 per share Rp50 per share Rp50 per share
Rp25 per share
Overview of
Other Securities
Throughout 2025, the Company did not have any other outstanding securities listed on any stock exchange. Therefore,
information regarding this matter is not included in this Annual Report.
Annual Report 2025
Page 33
31
Financial and Operational Overview
Annual Report 2025
Page 34
32
Awards and
Certifications
01 Best of The Best Execution Winner across 04 Fortune 100 Indonesia's Biggest
All Industries Companies 2025
SPEX2 Award 2025 Fortune Magazine
02 Triple Excellence Platinum Award 05 Top 50 Big Capitalization Public Listed
SPEX2 Award 2025 Company 2025
Indonesian Institute for Corporate Directorship (IICD)
03 The Best Execution Winner in Distribution 06 Corporate Secretary Champion
Industry Award 2025
SPEX2 Award 2025 SWA Magazine
02
01
03
05
04 06
Annual Report 2025
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33
Financial and Operational Overview
07 The Best Indonesia GCG Award IX 10 2025 Asia (ex Japan/ANZ) Equities
2025 Awards :
Economic Review • Best CEO (3rd Rank)
• Best Investor Relations (2nd Rank)
Professional & Team
08 Best Strategy Execution in Uncertain • Best Company Board of Directors
Times
SPEX2 Award 2025 (2nd Rank)
Extel Insight, Hong Kong
09 Oil and Gas Safety 2025 :
• Patra Nirbhaya Karya Utama for AKR 11 ASEAN Asset Class Public Listed
• Patra Nirbhaya Karya Utama for Companies
PT Aneka Petroindo Raya (bp AKR) ASEAN Corporate Governance Conference & Awards
• Patra Nirbhaya Karya Madya for (ASEAN CGCA) 2025
PT Jakarta Tank Terminal (JTT)
Ministry of Energy and Mineral Resources (ESDM),
12 The Best Indonesia Annual Report Award
through the Directorate General of Oil and Gas 2025 (Score 85,10)
Economic Review
08 13 Castrol Global Award for Sustained
Growth and Technical Excellence (ALR)
Castrol Global Conference
07
09
11 13
10
12
Annual Report 2025
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34
Key Events
2025
17 March 2025
Inauguration of Precious Metal Refinery by President of the Republic of
Indonesia, Prabowo Subianto
Through JIIPE, AKR marked a strategic milestone with the inauguration
of a Precious Metal Refinery facility in Gresik. This high-technology
refining facility strengthens the implementation of Indonesia’s mineral
downstreaming strategy by increasing the value-added of domestic
resources. It also reinforces JIIPE’s position as an integrated precious
metals industrial hub with global competitiveness.
25 April 2025
JIIPE’s Global Expansion with GESC
JIIPE reached a key milestone with the start of Golden Elephant Sincerity
(GESC)’s investment, marked by the handover of over 20 hectares of
land in Gresik, East Java. Valued at approximately USD 600 million, the
project marks GESC’s first global expansion and establishes Indonesia
as its regional development hub.
28 April 2025
Approval of the Dividend Distribution for the 2024 Fiscal Year
The 2025 GMS approved the distribution of AKR’s dividends for the 2024
fiscal year in totalling of Rp1.975 billion, or Rp100 per share, with a payout
ratio of 88.77% of net income. This reflects the Company’s commitment
to provide sustainable value to shareholders, in line with its solid financial
performance.
22 July 2025
Launch of the 70th Gas Station in the BSD Region
By launching its 70th gas station in BSD, South Tangerang, bp AKR
continues to consistently expand its retail fuel network. The opening of
this gas station also strengthens the Company’s position in supporting
mobility and high-quality energy-related services in the domestic
market.
Annual Report 2025
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35
Financial and Operational Overview
25 July 2025
AKR’s Milestones in ASEAN
The Company was recognized as an ASEAN Asset Class Public Listed
Company in the results of the 2024 ASEAN Corporate Governance
Scorecard (ACGS). This award was announced at the 2025 ASEAN
Corporate Governance Awards in Malaysia, placing the Company among
the top public companies in Southeast Asia in corporate governance
assessments. This recognition reflects consistency in transparency
practices, management effectiveness, and long-term stakeholder trust.
14 November 2025
Oil and Gas Safety Award of AKR Group
AKR Group received the Patra Nirbhaya Karya Utama and Patra Nirbhaya
Karya Madya awards from the Ministry of Energy and Mineral Resources
at the Oil and Gas Safety Awards ceremony. These awards were
presented in recognition of the success of AKR Group’s operational
units in maintaining outstanding workplace safety performance without
any accidents resulting in lost work hours. This achievement reflects the
disciplined and consistent implementation of occupational safety and
health systems across all operational activities.
11 December 2025
National Recognition for the JIIPE Gresik SEZ
The JIIPE Gresik SEZ received an award at the BIG 40 Awards 2025 in
the category of Excellence in Investment Dominance and Strategic
Downstreaming, for its contribution to promoting investment and
the development of an integrated downstream industry. As an
integrated industrial and port zone, JIIPE plays a role in strengthening
the industrial value chain and enhancing the competitiveness of the
national manufacturing sector. This recognition aligns with the zone’s
development strategy, which focuses on creating added value, improving
logistics efficiency, and ensuring sustainable economic growth.
15 January 2026
Inauguration of Photovoltaic Glass Facility at JIIPE
JIIPE entered a new phase of green industrial development with the
commencement of operations at Xinyi Solar’s photovoltaic glass
facility. This high-technology plant strengthens the estate’s capacity to
produce solar energy components and reinforces JIIPE’s position as a
regional hub for sustainable manufacturing investment.
Annual Report 2025
Page 38
02 Management Report Consistent implementation of governance practices is reflected in the Company’s continued recognition throughout the reporting year. See governance achievement on page 41 AKR recorded key operational achievements and milestones that reinforced its business resilience. See business achievement on page 47
Page 39
Page 40
38
Board of Commissioners’
Report
Sustaining a Strong Foundation While Advancing Long-
Term Growth
In 2025, PT AKR Corporindo Tbk delivered resilient
performance despite global uncertainty, supported by
disciplined execution and a strong financial position. Revenue
reached Rp46,018 billion with net profit of Rp2,473 billion (+11%
YoY). The Company continues to strengthen its role in energy
distribution, logistics, and industrial infrastructure, while
advancing long-term value creation.
Dear Shareholders, Indonesia maintained solid economic growth of 5.11%
(yoy), supported by domestic consumption, investment,
On behalf of the Board of Commissioners, I would like to and continued progress in downstreaming industrial
express our thanks to God Almighty for His Blessings and our development and infrastructure expansion. In this
sincere appreciation to the Board of Directors, management, environment, the importance of reliable energy distribution,
and all AKR employees for maintaining business stability and efficient logistics, and integrated industrial infrastructure has
reinforcing the Company’s role as a trusted partner in energy become increasingly evident, given Indonesia’s structural
distribution and logistics. We also thank our shareholders and characteristic as an archipelagic nation that relies on strong
stakeholders for their continued trust and support. connectivity and supply chain efficiency across regions.
Over six decades, I have witnessed the Company’s journey The Board of Commissioners views these structural dynamics
from a basic chemical trading enterprise into an integrated as closely aligned with the Company’s long-term role and
energy distribution, logistics, and industrial infrastructure strategic positioning in supporting industrial growth and
company. Throughout this period, the Company has strengthening national competitiveness.
remained committed to supporting Indonesia’s economic
development by ensuring reliable energy and chemical
supply, strengthening distribution networks, and building AKR’s Role in Nation Building and Energy Security
infrastructure that connects industries across the archipelago.
For more than 65 years, the Company has built a strong
This report reflects the Board of Commissioners’ supervisory foundation as a trusted partner in Indonesia’s development.
role over the Board of Directors in managing the Company’s The Company’s role extends beyond commercial activities,
business throughout 2025. The Board of Commissioners it contributes directly to the national economy by ensuring
continuously provides recommendations to ensure that that energy and essential chemicals reach industries and
business decisions remain aligned with the Company’s communities reliably and efficiently.
long-term strategy and the principles of good corporate
governance. Through its nationwide infrastructure network, comprising
terminals, storage facilities, transportation fleets, and
integrated distribution systems, the Company continues to
Economic Conditions in 2025 strengthen Indonesia’s supply chain and energy resilience.
This infrastructure enables the delivery of fuel and basic
In 2025, the Indonesian economy remained resilient despite chemicals across geographically dispersed regions,
global uncertainty, geopolitical tensions, and volatility in supporting industrial activity, manufacturing, and national
energy and commodity prices. These conditions created economic growth.
challenges across industries worldwide, particularly those
dependent on stable logistics and reliable energy supply.
Annual Report 2025
Page 41
39
Management Report
Soegiarto
Adikoesoemo
President Commissioner
Annual Report 2025
Page 42
40
Continuous investment in logistics and distribution growing source of recurring income, strengthening earnings
infrastructure reduces supply chain inefficiency and enhances stability and quality. The Board of Commissioners believes
connectivity across region, particularly in supporting industrial that JIIPE will remain a key driver of the Company’s long-term
development outside major economic centers. value creation.
The Company also supports national energy initiatives,
including biodiesel distribution and broader coverage, Supervision of the Company’s Strategy and Performance
reflecting its commitment to government policies and
ensuring more equitable energy access for both communities In carrying out its supervisory function, the Board of
and businesses. Commissioners ensures that the strategies implemented by
the Board of Directors remain aligned with the Company’s
long-term objectives. The Board of Commissioners
Development of JIIPE as a Strategic Industrial Ecosystem reviewed the Company’s strategic direction, including the
strengthening of energy and basic chemical distribution
One of the key milestones in the Company’s evolution is capacity, the development of reliable logistics infrastructure,
the development of the Java Integrated Industrial and Port and the expansion of JIIPE as an integrated industrial
Estate (JIIPE), which represents a significant contribution to ecosystem and a long-term growth pillar.
Indonesia’s industrial infrastructure.
The Board of Commissioners reviewed and evaluated the
JIIPE is not merely an industrial estate, but an integrated implementation of risk management practices, prudent
ecosystem that combines industrial land, deep-sea port capital structure management, and the consistent application
facilities, utilities, and logistics connectivity into a single of governance and ESG principles. These elements form an
platform designed to support large-scale industrial activity. essential foundation for maintaining operational stability and
supporting sustainable business growth.
The Board of Commissioners has closely monitored the
development of JIIPE and considers it a strategic initiative that Based on this oversight, the Board of Directors executed
strengthens the Company’s long-term growth prospects. business strategies in a disciplined and responsive manner
The increasing number of tenants, the expansion of utilities in line with market dynamics, sustaining business resilience
services, and the higher utilization of infrastructure reflect the and delivering solid performance throughout 2025. This was
progress achieved in 2025. supported by stable operating margins, growing recurring
revenue from utility services in the JIIPE SEZ, and a healthy
JIIPE plays an important role in supporting Indonesia’s capital structure that provides flexibility for sustainable
downstreaming agenda, attracting foreign direct investment, growth. The Board of Directors’ consistent leadership, reflects
and enhancing the competitiveness of the national in the achievements as follows:
manufacturing sector. At the same time, JIIPE provides a
Key Financial Performance
Sustained Profitability Healthy Financial Structure
Net profit for the year amounted to Rp2,473 billion, A net gearing position of -0.08 times (net cash) indicates
reaffirming the Company’s resilient performance amid strong liquidity and prudent capital structure management.
market dynamics, supported by a diversified
business model.
Contribution of Business Segments to Gross Profit Capital Management Effectiveness
73% trading and distribution segment Return on Equity (ROE) of 20% and Return on Assets (ROA)
20% industrial estate segment of 7% reflect the Company’s ability to manage its assets
6% logistics and manufacturing segment and capital to generate sustainable value.
Stable EBITDA Performance
Reaching Rp3,674 billion, reflecting the Company’s
ability to maintain operational stability and sustain
profitability levels.
Annual Report 2025
Page 43
41
View on the Implementation of Corporate Governance an important role in strengthening governance practices
across the organization. These committees oversee financial
Management Report
The implementation of Good Corporate Governance reporting, regulatory compliance, risk management, and
(GCG) remains a key foundation for maintaining business leadership development.
sustainability and strengthening stakeholder’s trust.
The Board of Commissioners emphasizes that business The Board of Commissioners also monitors the effectiveness
activities must be conducted in compliance with applicable of the Company’s risk management frame work to ensure
regulations, ethical business standards, and the Company’s that key risks, including market volatility, operational
internal policies. exposure, and regulatory changes are managed prudently.
Consistent implementation of GCG practices is reflected
In carrying out its supervisory duties, the Board of in the Company’s continued recognition throughout the
Commissioners is supported by the Audit Committee and reporting year.
the Nomination and Remuneration Committee, which play
Key GCG Achievements in 2025
AKR’s recognition as an ASEAN Asset Class Public The Corporate Secretary Champion 2025 award
Listed Company reflects the Company’s consistency represents recognition of the quality of information
in strengthening transparency, accountability, and disclosure as well as the effectiveness of the
GCG practices. Company’s communication with its stakeholders.
AKR achieved an upgrade in its MSCI ESG Ratings The Sustainalytics rating remained at a medium
from A to AA, indicating strengthened ESG practices, risk level with a score of 20.9, reflecting AKR’s
particularly in the areas of governance and risk effectiveness in managing its exposure to ESG
management. risks.
Discipline in delivering value to shareholders was A high score of 101.06 points was achieved in the
demonstrated through dividend distribution with a ASEAN Corporate Governance Scorecard (ACGS),
payout ratio of 88.77%, indicating sound financial reflecting the Company’s strong governance
management and the Company’s commitment to quality at the regional level.
providing sustainable returns.
The Most Honored Company award from Extel Insight
in Hong Kong reflects global trust and recognition
of the Company’s business model leadership,
transparency, and the effectiveness of the Board of
Directors in executing strategy.
View on Business Prospects Changes in the Composition of the Board of
Commissioners
The Board of Commissioners has a positive outlook on the
Company’s business prospect. Indonesia’s economic growth, There were no changes in the composition of the Board
supported by increasing demand for energy, logistics, and of Commissioners in 2025. Based on the resolution of the
industrial infrastructure, provides a strong foundation for Annual General Meeting of Shareholders (AGMS) held on
future growth. 28 April 2025, all members of the Board of Commissioners
were reappointed for a term of office until the closing of the
The Board of Commissioners supports the strategic direction AGMS in 2030. The composition of the Company’s Board of
set by the Board of Directors, which focuses on strengthening Commissioners is as follows:
the Company’s core business, expanding JIIPE and utilities,
and increasing recurring utility, while maintaining financial Name Position
discipline and prudent risk management. At the same time,
the Board of Commissioners emphasizes the importance of Soegiarto
President Commissioner
maintaining adaptability in responding to global uncertainty Adikoesoemo
and evolving industry dynamics to ensure the Company’s Sofyan A. Djalil Commissioner
long-term resilience.
Fauzi Ichsan Independent Commissioner
Annual Report 2025
Page 44
42
Closing and Appreciation On behalf of the Board of Commissioners, I would like to
express our sincere appreciation to the Board of Directors,
The Board of Commissioners believes that the Company has management, employees, shareholders, and all stakeholders
established a strong foundation through its infrastructure, for their continued trust and support.
business model, and governance practices. We remain
confident that strong synergy between the Company, the
Government, and stakeholders will continue to support
energy resilience and the industrial development, in line
with Indonesia’s direction toward greater self-reliance and
competitiveness.
Jakarta, April 2, 2026
On behalf of the Board of Commissioners
Soegiarto Adikoesoemo
President Commissioner
Annual Report 2025
Page 45
43
Board of
Management Report
Commisioners
From left to right:
Fauzi Ichsan
Independent Commissioner
Soegiarto Adikoesoemo
President Commissioner
Sofyan A. Djalil
Commissioner
Annual Report 2025
Page 46
44
Board of Directors’
Report
Resilient Performance, Stronger Foundations
Amid global uncertainty, AKR delivered a resilient performance
in 2025, recording revenue of Rp46,018 billion and net profit
of Rp2,473 billion (11% YoY), and maintaining a strong financial
position and a net cash balance.
This performance was driven by the stability of the trading
and distribution business, alongside continued growth in the
industrial estate segment, particularly JIIPE where increased
tenant activity contributed to higher utilities revenue and a
greater share of recurring income, further strengthening the
quality of the Company’s earnings.
The Company reinforced its role as an integrated provider of
basic chemicals, energy distribution, logistics, and industrial
infrastructure, underpinned by disciplined strategy execution,
ongoing infrastructure development, and a clear focus on
long-term value creation.
Dear Shareholders and Valued Stakeholders, Macroeconomic Conditions and Industry Challenges
On behalf of the Board of Directors, I would like to express our The global economic landscape in 2025 remained
gratitude to God Almighty, and our sincere appreciation to challenging, shaped by tariff policies, geopolitical tensions,
shareholders, customers, business partners, regulators, and all energy and commodity price volatility, and ongoing shifts
stakeholders for their continued trust and support throughout in global supply chains. In these conditions, Indonesia
2025. This support has enabled PT AKR Corporindo Tbk demonstrated resilience, recording economic growth of
(“the Company”) to deliver resilient performance and create 5.11% year-on-year, supported by domestic consumption,
long-term value within a dynamic and evolving business investment, and continued implementation of the national
environment. downstreaming agenda.
Our integrated business model continued to demonstrate In this context, the reliability of energy supply, the efficiency of
its strength in 2025 bolstered by enhanced operational logistics systems, and the availability of integrated industrial
capabilities, disciplined strategy execution and resilient infrastructure have become critical factors in maintaining
financial management, driven by development of energy national competitiveness. The Company continues to
distribution infrastructure, reliable logistics network and strengthen its role in ensuring a reliable energy supply and
ongoing development of the Java Integrated Industrial and efficient distribution, while maintaining operational discipline
Port Estate in Gresik as Key Catalyst for long-term growth. and financial prudence.
Annual Report 2025
Page 47
45
Management Report
Haryanto
Adikoesoemo
President Director
Annual Report 2025
Page 48
46
Analysis of the Company’s Performance in 2025 Through disciplined execution, the Company reinforced
its integrated business model across energy distribution,
Challenges and Strategic Initiatives logistics, and industrial estates, while enhancing operational
In response to global economic uncertainty and evolving reliability and supply chain efficiency. In line with Indonesia’s
industry dynamics, a range of strategic initiatives to structural challenges as an archipelagic country, selective
strengthen business resilience and sustain growth momentum initiatives strengthened energy distribution and logistics
have been implemented. These initiatives are supported by a infrastructure, supported by the use of information
strong foundation of resilience, the strength of an integrated technology.
business model, consistent governance practices, and the
ability to adapt to changing market conditions and regulatory At the same time, the development of JIIPE was positioned
developments. as a long-term growth platform through improvements to
its industrial ecosystem and a growing contribution from
In 2025, the Board of Directors executed the Company’s recurring income streams. Other initiatives enhanced
strategy based on five key strategic pillars: strengthening operational efficiency, maintained financial discipline, and
energy and chemical distribution, developing the JIIPE strengthened governance and ESG practices, supporting
integrated industrial estate, enhancing operational efficiency business sustainability and upholding stakeholder trust.
through digitalization, reinforcing Environmental, Social,
and Governance (ESG) principles, and strengthening
strategic partnerships with government institutions and key
stakeholders.
Five Strategic Pillars
Integrated Energy and JIIPE Industrial Estate Operational Efficiency and
Chemical Distribution Development Digitalization
Strengthening the capacity and Advancing JIIPE as an integrated Enhancing efficiency through
connectivity of energy, basic industrial estate that attracts digitalization and optimization
chemicals, and logistics. global industrial tenants and across the distribution value
investment. chain.
Integration of ESG Principles Strategic Partnerships
Strengthening the Developing strategic partnerships
implementation of ESG with the government, industrial
principles in alignment with the customers, investors, and retail
Company’s long-term business network operators and business
strategy. partners.
Role of the Board of Directors in Strategy Formulation and Through regular meetings and coordinated mechanisms, the
Oversight Board of Directors conducted its management and oversight
function, evaluating operational performance, reviewing
The Board of Directors formulates and evaluates the strategic strategy implementation, and responding to relevant external
direction through comprehensive analysis of performance, developments to ensure effective execution and achievement
risk, and industry and macroeconomic dynamics, ensuring of objectives.
alignment with the long-term vision and governance
principles. Strategy of implementation is carried with
discipline, supported by structured oversight mechanisms to
ensure effective execution and the achievement of strategic
objectives.
Annual Report 2025
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47
AKR’s Financial and Operational Performance in 2025 year-on-year increase, and EBITDA reached Rp3,674 billion,
supported by improved operational efficiency and disciplined
Management Report
Overall, the Company delivered a solid financial performance cost management.
in 2025, reflecting the resilience of its business model and the
effectiveness of its strategy execution. Revenue of Rp46,018
billion and net profit of Rp2,473 billion represented an 11%
Contribution of Key Segments to
Profitability and Financial Management
Total Revenue
Rp41,314 billion Rp2,473 billion Rp3,674 billion
Trading and Distribution (+16%) Net Profit of Rp2,473 billion, EBITDA
supported by a resilient business
Rp2,741 billion -0.08 times
model, strategic diversification,
and disciplined financial
management.
Industrial Estate (+99%) Net Gearing (net cash)
Rp1,499 billion 20 %
Logistics (+29%) Return on Equity (ROE)
Rp464 billion 7%
Manufacturing (-29%) Return on Asset (ROA)
Profitability remained strong, with Return on Equity (ROE) The industrial estate segment recorded gross profit of
of 20% and Return on Assets (ROA) of 7%, supported by Rp836 billion, reflecting a significant increase compared
a healthy capital structure, a Debt-to-Equity Ratio of 0.3 to the previous year driven by higher tenant activity, land
times and a net cash position, providing financial flexibility to monetization, and increased utilities utilization which
support long-term growth. This performance reflects not only contributed to a higher share of recurring income and
growth but also the improving quality and sustainability of the strengthened the Company’s earnings profile. The logistics
Company’s earnings. segment also played an important role in supporting supply
chain integration and overall operational efficiency.
AKR’s Segment Performance in 2025 Throughout 2025, AKR recorded key operational
achievements and milestones that reinforced its business
All core business segments supported performance, with resilience:
the trading and distribution segment recording a gross profit
of Rp3,004 billion and a stable performance, supported by
disciplined margin management and an efficient logistics
network.
Strengthened the role of JIIPE Played an active role in
Total number of bp AKR
as a strategic industrial hub, Distributed cash dividends of supporting government policy
operated retail fuel station
supported by the development Rp1,975 billion and received on national energy reserves
(SPBU) increase to 72 across
of an ecosystem across metals, recognition as an ASEAN Asset through the Company’s network
Jabodetabek, Surabaya, Gresik,
chemicals, and renewable Class Public Listed Company of fuel terminals, marine fleet,
Malang, and toll road rest areas.
energy sectors and logistics infrastructure
Strengthened supply chain
Implemented the biodiesel
AKR operated 104 retail fuel infrastructure supported by
(B40) distribution program
outlets supplying subsidized 14 vessels facilitating the
as part of the national energy
fuel including stations across 3T distribution of both fuel and
transition policy
basic chemicals
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48
AKR’s Role in Energy Security and Infrastructure The development of the JIIPE Gresik SEZ focuses on building
a robust industrial ecosystem to attract both global and
For more than six decades, the Company has supported domestic investment. Our integrated one-stop licensing
Indonesia’s economic development through the reliable and environmental documentation services accelerate the
distribution of energy and chemicals, as well as the investment process, streamlining all requirements from
development of logistics and industrial infrastructure. industrial ecosystem expansion to the commencement
of tenant operations. Built on the principle that tenant
Through its established logistics infrastructure, including success is shared success, the estate emphasizes long-term
terminals, storage facilities, transportation fleets, and partnerships. Furthermore, its designation as a National Vital
integrated distribution systems, the Company ensures Object and active collaboration with security authorities
the continuity of energy supply across Indonesia, national ensure operational continuity and long-term certainty for all
energy initiatives, including biodiesel distribution and the investors.
development of cleaner energy solutions, continue to be
supported
Implementation of Corporate Governance
JIIPE as a Strategic Growth Segment The Company continues to strengthen the implementation
of Good Corporate Governance (GCG) and integrated
JIIPE represents a key milestone in the Company’s sustainability practices as the foundation for responsible
transformation toward an infrastructure-based and recurring business management. Internal control systems, risk
income business model, combining industrial land, a deep- management, and regulatory compliance are embedded
sea port, utilities, and logistics connectivity within a unified in day-to-day operations. Throughout 2025, oversight and
ecosystem. internal control functions were further reinforced through
the execution of internal audits and follow-up actions on
Through JIIPE, the Company supports the national improvement recommendations to ensure the effectiveness
downstreaming agenda, attracts investment, and enhances of control systems and the integrity of operations.
the competitiveness of Indonesia’s manufacturing sector.
Development in 2025 continued to demonstrate progress, Commitment to ESG principles is reflected in the
reflected in the increasing number of tenants and higher strengthening of governance and risk management practices,
utilization of utilities services. including the upgrade of the Company’s MSCI ESG rating to
AA and its recognition as an ASEAN Asset Class Public Listed
Company, with sustainability principles integrated into the
Company’s strategy to support sustainable long-term value
creation for stakeholders.
Implementation of Corporate Governance
Governance
GCG & Internal Dividend
& ESG
Compliance Control Policy
Recognition
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49
Human Capital Development In practice, digital systems and AI optimize distribution
planning, the management of trucking, shipping and marine
Management Report
Human capital is managed and developed to ensure fleets, and the maintenance and availability of assets, allowing
organizational readiness in supporting business growth. for the anticipation of operational risks at an earlier stage with
Through direct involvement in the Talent Committee, the Board reduced asset downtime.
of Directors ensures disciplined identification, development,
and succession planning for strategic positions, reflected in Going forward, digital systems will be further developed to
strengthened leadership, enhanced competencies, and a enhance adaptability to operational dynamics, including
commitment to diversity, with women holding 23% of middle- weather factors and distribution complexity. With an
up management positions. increasingly predictive and data-driven technology approach,
operational efficiency, safety, and service reliability are
In line with industry transformation and the accelerating expected to continue improving.
digitalization, human capital development prioritizes technical
training, strengthening of managerial capabilities, and
enhancing digital literacy to improve productivity, decision- Implementation of Sustainability and ESG Initiatives
making quality, and organizational resilience.
The Company implemented a range of sustainability initiatives
in 2025, integrated with business strategy to support long-
Optimization of Information Technology and Digital term value creation. These included strengthening social and
Transformation occupational safety aspects, supporting the national energy
transition, and enhancing sustainability governance.
Operational capabilities continue to be improved through the
use of technology and digital systems, with digital platforms This approach strengthens business resilience, enhances
used for real-time monitoring of distribution, inventory, and operational reliability, and ensures ESG principles are
logistics, enhancing efficiency, service reliability, and the integrated into decision-making processes. With the Board
quality of operational decision-making. of Directors viewing sustainability as an integral part of the
Company’s forward-looking growth strategy, ESG principles
Data analytics and Artificial Intelligence (AI) have also been are supported by a robust sustainability governance structure
adopted to support planning, predictive maintenance, in business strategies and decision-making.
and operational optimization. This enables faster, data-
driven decision-making, improving asset and human
capital productivity, while minimizing potential operational
disruptions.
Community
Occupational Health Energy Transition Strengthening
Economic and Social
and Safety Support Governance and ESG
Empowerment
Enhanced
Education and skills Annual Medical Solar energy
ESG Taskforce
development Check-Ups (MCU) development
coordination
Blood donation
Local economic Floating solar panel Integration of ESG
with Indonesian
empowerment projects into operations
Red Cross
Community Liquefied Natural
Workplace safety Early readiness for
business Gas (LNG)
training PSPK 1 and PSPK 2
development infrastructure*
Driving economic Strengthening awareness,
Advancing cleaner and more Strengthening global
independence and compliance, and OHS culture
efficient energy reporting readiness
regional growth implementation
*Under development
Annual Report 2025
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50
Business Outlook for 2026 growth platform, while selectively enhancing infrastructure
and distribution capabilities. Opportunities to expand the
The Board of Directors remains committed to sharpening energy retail network and develop infrastructure that supports
the Company’s strategic direction, ensuring alignment with the national energy transition will continue to be evaluated
the national development agenda and shifting industry selectively, further strengthening energy resilience and long-
demands. As Indonesia’s economic outlook stays robust, term business sustainability.
we are strategically positioned to capitalize on emerging
opportunities in energy distribution, logistics, and industrial The Board of Directors believes that strong collaboration with
estates sectors increasingly driven by heightened industrial the government and stakeholders is key to driving sustainable
activity and the demand for world-class infrastructure. growth. Through the development of energy distribution
systems, integrated logistics, and competitive industrial
estates, the Company remains committed to creating long-
Going forward, the Company will focus on strengthening term value for shareholders and stakeholders.
its core trading and distribution business in energy and
chemicals, advancing the development of JIIPE as a long-term
Energy & Basic Chemicals Logistics
• Volume and profitability growth • Strengthening distribution capacity
• Distribution efficiency • Expanding trucking and shipping fleets
• Network and technology optimization for land and sea operations
• Supply chain reliability
Strategic Enablers
Energy Transition
• Risk and financial discipline
• Digitalization and
Company • Clean energy infrastructure
technology
• Synergy with the
Growth Strategy • Biofuel distribution
• Sustainability integration
government and
stakeholders
JIIPE Retail
• Supporting the downstream agenda • Network expansion
• Improving infrastructure utilization • Expanding energy access
• Developing integrated industrial zones
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51
Changes in the Composition of the Board of Directors Closing and Appreciation
Management Report
The composition of the Board of Directors remained AKR is committed to being Indonesia’s most trusted energy
unchanged throughout 2025. Based on the resolution of and logistics partner. We continue to scale our operations
the Annual General Meeting of Shareholders held on 28 April to support national energy resilience and downstreaming,
2025, all members were reappointed for a term of office until delivering sustainable growth through a foundation of
the closing of the Annual General Meeting of Shareholders in excellence in governance and ESG.
2030, as follows:
With the dedication and support of all personnel, the Company
Name Position continues to stand on strong foundations, supported by an
integrated business model, a healthy financial position, and a
Haryanto Adikoesoemo President Director clear strategic direction.
Jimmy Tandyo Director
The Company’s business direction remains aligned with
Bambang Soetiono national development priorities, supported by an agile and
Director
Soedijanto collaborative work culture, enabling the Company to achieve
Mery Sofi Director sustainable growth, adapt to change, and create long-term
value for stakeholders.
Suresh Vembu Director
Nery Polim Director On behalf of the Board of Directors, I would like to express my
sincere appreciation to all AKR employees for their dedication,
Termurti Tiban Director commitment, and hard work throughout 2025 in executing
the Company’s strategy. We also extend our appreciation to
our shareholders, customers, business partners, and other
stakeholders for their continued trust and support, which
underpin the Company’s growth.
Jakarta, April 2, 2026
On behalf of the Board of Directors
Haryanto Adikoesoemo
President Director
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52
Board of
Directors
From left to right:
Suresh Vembu
Director
Termurti Tiban
Director
Nery Polim
Director
Mery Sofi
Director
Annual Report 2025
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53
Management Report
From left to right:
Bambang Soetiono Soedijanto
Director
Haryanto Adikoesoemo
President Director
Jimmy Tandyo
Director
Annual Report 2025
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54
Responsibility Statement
of the Board of Commissioners
for the Annual Report 2025
of PT AKR Corporindo Tbk
We, the undersigned, hereby declare that all information in the Annual Report 2025 of PT AKR Corporindo Tbk has been fully
disclosed and we are solely responsible for the accuracy of all contents of the Annual Report.
This statement has been made truthfully.
Jakarta, April 2, 2026
Board of Commissioners
Soegiarto Adikoesoemo
President Commissioner
Sofyan A. Djalil Fauzi Ichsan
Commissioner Independent Commissioner
Annual Report 2025
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55
Responsibility Statement
Management Report
of the Board of Directors
for the Annual Report 2025
of PT AKR Corporindo Tbk
We, the undersigned, hereby declare that all information in the Annual Report 2025 of PT AKR Corporindo Tbk has been fully
disclosed and we are solely responsible for the accuracy of all contents of the Annual Report.
This statement has been made truthfully.
Jakarta, April 2, 2026
Board of Directors
Haryanto Adikoesoemo
President Director
Jimmy Tandyo Bambang Soetiono Soedijanto Mery Sofi
Director Director Director
Suresh Vembu Nery Polim Termurti Tiban
Director Director Director
Annual Report 2025
Page 58
03 Company Profile AKR’s business diversification, supported by infrastructure and operational capabilities, aims to strengthen energy security and industrial activities See our business on page 68 65 years of building resilience through unwavering values See our journey on on page 64
Page 59
Page 60
58
General
Information
PT AKR Corporindo Tbk 28 November 1977
Company Date of
Name Establishment
Legal Line of • Trading and Distribution
Public Limited Liability Company (Tbk)
Status Business • Logistics Services
• Manufacturing
• Industrial Estate
Legal Basis of Deed No. 46 dated 28 November 1977, drawn Authorized
Establishment up before Sastra Kosasih, Notary in Surabaya, Capital Rp750,000,000,000
and approved as a legal entity pursuant to
divided into 37,500,000,000 shares, each
the Decree of the Minister of Justice of the
share having a nominal value of Rp20.
Republic of Indonesia No. Y.A.5/151/7 dated
14 June 1978, and published in the State
Gazette of the Republic of Indonesia No. 101 Issued and
dated 19 December 1978, Supplement No. Paid-up Rp401,469,492,000
741/1978. Capital
consisting of 20,073,474,600 shares with a
nominal value of Rp20 that have been issued
in the Company.
Annual Report 2025
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59
Company Profile
Share 1.36% Listing on the Listed on the Indonesia Stock Exchange on
2.15%
Ownership Indonesia 3 October 1994
as of 31 Stock
December Exchange
2025
32.78%
Number of
Employees as
2,474 Employees
of 31 December
2025
63.71%
Head AKR Tower 26th Floor
Office Jl. Panjang No.5 Kebon Jeruk
West Jakarta 11530, Indonesia
PT Arthakencana Rayatama Public Management Treasury Stock Company +62 21 5311110
Contact corporate.secretary@akr.co.id
www.akr.co.id
AKRA
Issuer
Code
Annual Report 2025
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60
Brief
History
PT AKR Corporindo Tbk (“AKR” or the “Company”) was In the industrial infrastructure sector, AKR took an important
established in Surabaya based on Deed No. 46 dated 28 step through a partnership with Pelindo to develop the Java
November 1977, drawn up before Notary Sastra Kosasih, under Integrated Industrial Port Estate (JIIPE) in Gresik - East Java
the name PT Aneka Kimia Raya. Initially, the Company focused covering an area of ±3,000 hectares. This area includes an
on trading in basic chemicals and subsequently developed industrial zone covering an area of 1,761 ha, a 406-hectare
into one of the largest chemical distributor in Indonesia, deep sea port, and an 800-hectare residential area
supported by a network of storage tanks and warehouses developed by an affiliate company. Through PT Usaha Era
across major national ports. Pratama Nusantara, AKR owns 60% of shares in PT Berkah
Kawasan Manyar Sejahtera which serves as the developer of
In the 1980’s, AKR moved its headquarters to Jakarta to the JIIPE industrial area, and owns 40% of shares in PT Berkah
strengthen operational management and support business Manyar Sejahtera which operates the port. The designation of
expansion. To gain broadened funding base and expand the JIIPE as a Technology–Manufacturing Special Economic Zone
scale of its business, the Company listed its shares on the (SEZ) under Government Regulation No. 71 of 2021, enacted on
Indonesia Stock Exchange on October 3, 1994, with the stock 28 June 2021, strengthens its investment appeal and positions
code AKRA, which marked an important milestone in AKR's it as the site of the world’s largest copper smelter.
journey in the energy and logistics sector.
As a SEZ, JIIPE is now beginning to form an integrated industrial
In 2004, the Company officially changed its name to ecosystem in line with the national downstreaming policy.
PT AKR Corporindo Tbk as part of a business transformation This area is being developed into a world-class industrial
that expanded its activities from trading of basic chemicals ecosystem with a focus on metal processing, chemicals, and
to trading of fuel, expand logistics network through fleet renewable energy. Most of JIIPE's tenants currently come
expansion, warehousing, tank leasing, and various industrial from these sectors, which supports the agenda of increasing
support services. This change also propelled AKR as the first added value and attracting foreign direct investment (FDI) to
national private company to participate in fuel distribution. Indonesia.
Since 2010, AKR has been appointed by BPH Migas as the
P3JBT Implementing Agency to distribute subsidized fuel As part of its clean energy transition strategy, in 2021 AKR
to various regions in Indonesia, supported by integrated established PT Berkah Buana Energi with PT Bayu Buana
distribution technology that ensures accuracy, oversight, and Gemilang to distribute natural gas and meet energy demand
accountability. in the JIIPE Gresik SEZ and surrounding areas. The Company
further strengthened in-area logistics services through the
To strengthen its position in the energy sector, AKR has establishment of PT Anugrah Kreasi Pratama Indonesia in 2023
formed a strategic partnership with bp (formerly called British and PT Berkah Bunker Service in 2024.
Petroleum) and established bp AKR. This collaboration has
resulted in the development of an international-standard In 2023 and 2024, AKR further strengthened the JIIPE
fuel retail network with consistent outlet growth, reaching ecosystem through a partnership with bp Gas & Power
72 outlets by 2025. This partnership combines bp's global Investments Limited for the development of LNG import
experience in the energy sector with AKR's capabilities in facility and a regasification terminal providing a reliable gas
distribution, logistics, and understanding of the domestic supply for tenants. The company also established PT Berkah
market as a foundation for providing international standard Renewable Energi Nusantara as a power plant operator in the
fuel retail services. In addition to fuel retail, the AKR–bp JIIPE area and PT Terminal Energi Primer as an energy storage
partnership also includes the development of the lubricants and logistics service provider.
market and jet fuel distribution at several new airports.
Since its establishment as a Special Economic Zone (SEZ), JIIPE
AKR also support the distribution of subsidized fuel in various has shown significant operational development with a number
provinces through AKR retail station including in 3T area. By of anchor tenants commencing operations and utilizing the
2025, the bp and AKR retail network has grown to 176 outlets zone's utilities such as electricity, water, and waste treatment
across various regions in Indonesia, the Company continues facilities. Revenue from JIIPE's utility services in 2025
to partner with retail partners non fuel retail outlets & invested recorded significant growth driven by the commissioning of
in technology to control & monitor operation on time & in line major tenants. This signifies that JIIPE has begun to function
with government regulations. as a modern integrated industrial ecosystem that supports
production and operational activities across various industrial
sectors within it, while also driving a multiplier effect for the
Company.
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Chronology of Changes in Name and Legal Status
The Company was established pursuant to Deed No. 46 dated • The Company subsequently changed its name to PT
Company Profile
28 November 1977, drawn up before Notary Sastra Kosasih. In AKR Corporindo Tbk, recorded in Deed No. 36 dated 23
line with business development and strategic direction, the September 2004, drawn up before Dr. Amrul Partomuan
Company subsequently carried out name changes, as set out Pohan, S.H., LLM, Notary in Jakarta, and approved by
in the following chronology: the Minister of Law and Human Rights of the Republic of
• Following the Company’s Initial Public Offering and its Indonesia through Decree No. C-24263 HT.01.04.Th.2004
official listed on the Indonesia Stock Exchange on 3 dated 29 September 2004.
October 1994, the Company changed its name to PT
Aneka Kimia Raya Tbk, approved by all shareholders and
recorded in Deed No. 163 dated 16 May 1994, drawn up
before Poerbaningsih Adi Warsito, S.H., Notary in Jakarta,
and approved by the Minister of Justice of the Republic of
Indonesia through Decree No. C2-12686.HT.01.04.Th.94
dated 23 August 1994.
Overview of Company Name Changes
28 November 1977 3 October 1994 23 September 2004 - now
PT Aneka Kimia Raya PT Aneka Kimia Raya Tbk PT AKR Corporindo Tbk
Annual Report 2025
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62
Company
Values
Be Entrepreneurial
Collaborate
Reward for Performance
Meaning of the
Company Logo
Annual Report 2025
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63
Company Profile
Be Agile
Empower Your Team
Zero Tolerance
The AKR logo reflects the Company’s strategic direction These elements form the foundation for strengthening
and character as a leading provider of logistics services and business performance and driving sustainable growth. The
supply chain solutions for chemicals and energy in Indonesia. meaning of the AKR logo is described as follows:
This visual identity represents the Company’s determination
to build globally competitive capabilities through reliable
asset and resource management, strong collaboration with
strategic partners, and the implementation of adaptive and
innovative strategies.
The Company’s logo uses the The acronym is placed within a
letters “AKR” from its acronym as blue circle, reflecting AKR’s status
the core element. as a recognized business with an
international reputation.
The red on the letter “A” depicts a The white color reflects
light, symbolizing the Company’s professionalism and the
sincerity and integrity in Company’s compliance with
conducting its business, with a applicable business regulations,
focus on ethical and responsible as well as its commitment
business activities. to uphold fair and equal
competition.
Annual Report 2025
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Company
Milestones
1960-2006 2008-2017
1960 2008
The Company began its basic chemical trading • AKR purchased its first petroleum transport vessel,
operations in Surabaya. SPOB AKRA-10.
• The Stagen Terminal with a capacity of 50,000 KL
officially commenced operations.
1977
Establishment of PT Aneka Kimia Raya on 28 November
2010
1977.
• AKR became the first national private company to
distribute subsidized petroleum in Indonesia through
the operation of Public Fuel Filling Stations (SPBKB) and
Fishermen Fuel Filling Stations (SPBN).
1980 • Phase I of PT Jakarta Tank Terminal, a subsidiary
operating petroleum storage tank terminals at Tanjung
AKR began constructing basic chemical storage tanks Priok, was inaugurated in April 2010.
and warehouse facilities at various ports. • AKR divested its shares in Sorini Agro Asia Corp
manufacturing business.
1994
2013
AKR conducted an Initial Public Offering on 3 October
1994, with its shares listed on the Indonesia Stock Together with Pelindo, AKR commenced the development
Exchange under the ticker symbol “AKRA”. of the Java Integrated Industrial and Ports Estate (JIIPE), an
estate integrating industrial areas with a deep-sea port in
Gresik, East Java.
2004
• PT Aneka Kimia Raya Tbk officially changed its name to 2015
PT AKR Corporindo Tbk on 23 September 2004.
• AKR acquired shares in the Sorini Agro Asia Corp and First handover of industrial estate land:
Khalista. • JIIPE received government approval through the KLIK
program.
• A Joint Venture Agreement was signed for the
distribution of aviation fuel.
2005 • JIIPE Port officially commenced operations.
AKR became the first national private company to
distribute non-subsidized petroleum in Indonesia.
2017
• bp and AKR signed a Joint Venture Agreement for the
2006 retail business in Indonesia.
• Castrol and AKR entered into a Lubricants Distribution
Agreement.
AKR acquired and began operating river ports in China.
• AKR divested the Guigang Ports in China.
• PT Berlian Manyar Sejahtera successfully obtained a
76 (seventy-six) year concession.
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65
Company Profile
2018-2021 2022-2025
2018 2022
• AKR completed the divestment of Kalista Liuzhou • AKRA conducted a stock split with a ratio of 1:5.
Chemical Industries Ltd in China. • SEZ JIIPE Gresik installed a solar photovoltaic
• JIIPE was inaugurated as one of the National Strategic system (rooftop PV) to support renewable energy
Projects. commitments.
• The JTT Phase 2A project with an additional capacity of • A Power Purchase Agreement between BKMS and
100,000 KL officially commenced. PLN was signed to supply electricity for the single-
• The first retail station resulting from the bp and AKR line copper smelter project at SEZ JIIPE.
collaboration officially began operations. • AKR fully redeemed the Sustainable Bonds AKR
Corporindo Phase I Year 2017 Series B amounting to
Rp68 billion.
• JIIPE received its Operational Certificate as SEZ
2019 Gresik.
• A total of 11 (eleven) AKR storage terminals, 1 (one) AKR
• Land handover for the Smelter project in the JIIPE area. branch, and JTT received PROPER BLUE certification.
• The aviation fuel terminal resulting from the Air bp and • Assignment for the provision and distribution of
AKR joint venture officially opened in Morowali, Central subsidized biodiesel for the 2023–2027 period.
Sulawesi.
• The JIIPE Industrial Estate, through PT Berkah
Kawasan Manyar Sejahtera, obtained Integrated ISO
Certification. 2023
• PT Anugrah Kreasi Pratama Indonesia was established to
operate Bonded Warehousing at JIIPE.
2020 • PT Berkah Bunker Service was established to provide
port services at JIIPE.
• AKR fully redeemed the Sustainable Bonds AKR • AKR signed a Joint Development Agreement with bp
Corporindo Phase I Year 2017 Series A amounting to GAS & POWER to develop an LNG project at JIIPE.
Rp895 billion.
• AKR obtained ISO 9001:2015 Certification for
the Industrial Petroleum Trading and Distribution
Management System.
2024
• AKR signed a cooperation agreement with Petronas
Chemicals Group Berhad (PCG) for chemical
• PT Berkah Renewable Energi Nusantara was established
distribution and inaugurated PT Anugerah Kimia
to operate power plants in the JIIPE area.
Indonesia.
• Expansion of the Morowali Storage Terminal
commenced.
• AKR added 2 (two) new vessels, AKRA 103 and AKRA
105, bringing the total fleet to 14 (fourteen) vessels.
2021 • The Company registered its share ownership in
Chemical Petroleum International Trading Pte. Ltd to
• JIIPE Industrial Estate was inaugurated as a
strengthen chemical and petroleum trading activities.
Special Economic Zone for the Technology and
• PT Terminal Energi Primer was established to provide
Manufacturing sectors.
warehousing, storage, and other energy-related
• The site for the largest copper smelter and Precious
support services in the JIIPE area.
Metal Refinery was designated at SEZ JIIPE Gresik.
• SEZ JIIPE Gresik received the Best Industrial Special
• A joint venture company was established for the
Economic Zone award from the Coordinating Ministry
natural gas distribution business.
for Economic Affairs of the Republic of Indonesia.
• A long-term land lease agreement was signed for the
construction and operation of a dedicated port for
the copper smelter.
• AKRA was included in several major ESG indices,
including the SRI-KEHATI Index, IDX KEHATI ESG 2025
Quality 45 Index, and IDX KEHATI ESG Sector Leaders
Index. • The JIIPE Gresik Special Economic Zone has
• Anugerah Kimia Indonesia delivered its first shipment been inaugurated as Indonesia’s Precious Metals
of basic chemicals to customers. Downstreaming Center.
• The JIIPE Gresik Special Economic Zone continues
to be developed into an industrial ecosystem with a
primary focus on copper processing, chemicals, and
renewable energy.
• AKRA has been recognized as an ASEAN Asset Class
Public Listed Company.
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Business
Activities
Business Activities Based on the Articles of Association
Based on Article 3 of the Company’s Articles of Association, as 3. Transportation and warehousing (including rental and
amended and approved at the Extraordinary General Meeting leasing activities without purchase options, manpower
of Shareholders on 28 April 2022, the purpose and objectives services, travel agency services, and other supporting
of the Company are to engage in the following fields: business activities);
1. Industry; 4. Provision of electricity, gas, steam, hot water, and cold air;
2. Trading; 5. Professional, scientific, and technical activities
(services); and
6. Construction.
Operational Activities
To achieve Company objectives, operational activities 3. Transportation and Warehousing (including rental and
include: leasing without purchase options, manpower services,
travel agency services, and other supporting activities)
Main Business Activities • Pipeline transportation, covering the transportation
1. Industry: of oil and gas (crude oil, petroleum, refined products,
• Industries producing outputs from petroleum refineries, and natural gas), liquids, water, sludge, and other
including asphalt/tar processing, bitumen, and wax commodities from production sites to consumer
(used for road surfacing, roofing, wood, paper, and other locations through pipelines on a fee or contract basis,
applications), as well as Petroleum Coke. This category including the operation of pumping stations;
also includes products used in the petrochemical • General freight road transportation, covering the
industry and other related products, such as white transport of goods using motor vehicles capable of
spirit, vaseline, paraffin wax, petroleum jelly, petroleum carrying more than one type of cargo, such as trucks,
briquettes, and biopetroleum blending, including the pick-up trucks, open-bed and box trucks;
blending of alcohol with petroleum (e.g. gasohol); and • Special freight road transportation, covering the
• Petroleum fuel industries from refining and processing transport of goods using vehicles specifically designed
activities, covering the refining and processing of crude to carry certain types of cargo, such as petroleum,
oil into various fuels, such as Avigas, Avtur, gasoline, crude oil, refined products, LPG, LNG, CNG, hazardous
kerosene, diesel oil, diesel fuel, fuel oil, and solvents. goods, hazardous waste, heavy equipment, containers,
This category also includes LPG production derived live plants, live animals, and motor vehicles;
from petroleum refining. • Domestic sea transportation for special cargo,
2. Trading covering the transportation of goods using vessels
• Wholesale trading of solid, liquid, and gaseous fuels, designed to carry specific cargo, such as hazardous
and related products, including crude oil, diesel fuel, goods, hazardous waste, petroleum, crude oil, refined
gasoline, fuel oil, kerosene, premium, solar, kerosene products, LPG, LNG, CNG, fish, and similar goods;
oil, coal, charcoal, coal residue, wood fuel, naphtha, • Warehousing and storage, including the temporary
biopetroleum, gaseous fuels such as LPG, butane, and storage of goods prior to delivery to the final destination
propane, polishes, lubricating oils, and processed and for commercial purposes;
refined petroleum products; • Oil and Gas Storage, including the storage, receiving,
• Wholesale trading of basic chemicals and goods, collection, stockpiling, and dispatch of crude oil,
including industrial chemicals such as printer ink, petroleum, gas, and/or refined products at surface,
essential oils, industrial gases, chemical adhesives, underground, or offshore facilities for commercial
dyes, synthetic resins, methanol, paraffin, flavors and purposes, including storage in free trade zones;
fragrances, soda, industrial salt, acids, sulphur, and • Hazardous and Toxic Materials (B3) Storage Activities,
other similar products; and covering the storage of goods requiring special facilities
• Retail trading of petroleum, gas fuel, and Liquefied based on their hazardous and toxic characteristics;
Petroleum Gas (LPG) at fuelling facilities for land, • Bonded warehousing or bonded zone activities,
sea, and air transportation, including retail sales of covering business activities in customs areas with
petroleum, gas fuel, LPG, or others at fuelling stations special treatment, such as those managed by
such as SPBU, SPBG, and similar facilities. This also companies in specific industrial zones including Batam
includes fuel for speed boats and generator sets Island; and
(gensets), as well as the sale of lubricants, coolants, • Rental and leasing without purchase options for land
cleaning products, and other vehicle-related vehicles, including the rental or operational leasing of
supporting goods. various types of land transportation equipment without
operators, such as cars, trucks, and tow trucks.
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4. Professional, Scientific, and Technical Activities (Services) • Construction of non-fisheries port buildings, covering
• Other management consultancy activities, including the construction, maintenance, and/or reconstruction
the provision of advice, guidance, and operational of jetties, trestles, port facilities, and similar structures
support related to organizational and management for non-fisheries ports. This also includes the
Company Profile
aspects, covering strategic and organizational planning, construction of waterways or canals, ports, river route
financial decision-making, marketing policies, human facilities, docks, locks (such as the Panama Canal Locks
resources planning, as well as production scheduling and Hoover Dam), and similar structures; and
and control; and • Civil construction for oil and gas, covering business
• The provision of business services that may include activities related to the construction, maintenance,
advisory, guidance, and operational support for various and/or reconstruction of civil structures in upstream and
management functions. This covers management downstream oil and gas operations.
consultancy provided by agronomists and agricultural 3. Provision of Electricity, Gas, Steam, Hot Water, and Cold Air
economists in agriculture and related fields, as well as • Power generation, covering electricity generation from
the design of accounting methods and procedures, various energy sources, both fossil and renewable.
cost accounting programs, and budgetary control. In Fossil sources include coal, gas, petroleum, and
addition, services also include advice and assistance to diesel, while renewable sources include geothermal,
businesses and public services in planning, organization, wind, bioenergy, solar, water flows and falls, ocean
efficiency, control, and management information. movement, and thermal gradients. This also includes
Infrastructure investment feasibility studies are also hybrid energy sources combining fossil and renewable
included within this scope. energy, as well as energy storage technologies;
• Other electricity support, covering services directly
Supporting Business Activities related to the provision and utilization of electricity, but
1. Transportation and Warehousing not included in groups 35121 to 35122. Examples include
• Sea port services, covering port services related to meter reading services, billing preparation, electricity
water transportation for passengers, animals, or goods, token trading, and other supporting electricity
including the operation of terminal facilities such as activities;
ports and jetties, navigation activities, cargo and/or • Provision of natural and manufactured gas, covering
container inspection using ionizing radiation sources, the processing of gas that can be directly utilized as
shipping operations, berthing activities, and mooring fuel, including quality enhancement processes such
services; and as purification, blending, and other methods derived
• River and lake port services, covering the operation from natural gas (including LPG), carbonation, coal
of ports located on rivers and lakes, including various gasification, or other hydrocarbon materials; and
activities related to water transportation for passengers, • Distribution of natural and manufactured gas, covering
animals, or goods. These involve the operation of the distribution through networks at extra-high pressure
terminal facilities such as ports and jetties, navigation, (above 10 bar), high pressure (between 4 bar and 10
cargo and/or container inspection using ionizing bar), and medium to low pressure (below 4 bar), whether
radiation sources, shipping operations, berthing from own production or third parties to consumers
activities, as well as the provision of mooring, pilotage, or customers. Gas distribution through pipelines on a
and towing services. fee basis is included in group 49300. This includes the
2. Construction transmission, distribution, and supply of all types of gas
• Civil construction of bridges and elevated roads, through pipeline systems, gas trading to consumers
flyovers, and underpasses, covering the construction, via pipelines, gas agency activities trading gas through
maintenance, and/or reconstruction of bridges distribution systems operated by other parties, as
(including railway bridges), elevated roads, well as the operation of commodity exchanges and
underpasses, and flyovers. This also includes the transportation capacity.
development, upgrading, supporting maintenance,
complementary works, and equipment of bridges and
elevated roads, such as guardrails/retaining walls, road
drainage, road markings, and traffic signs;
• Precast civil construction works, covering the
installation of factory-produced materials such as
precast concrete, steel, plastics, rubber, and other
manufactured products. These works are carried
out through fabrication, erection, and/or assembly
methods for civil structures;
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Business Segments,
Products, and Services
To support focused and effective business management, the Company groups its business activities into 4 (four) main segments
as follows:
1. Trading and Distribution of Petroleum and Basic Chemicals;
2. Logistics Infrastructure;
3. Manufacturing; and
4. Integrated Industrial Estate and Port.
The Company provides various products tailored to each business segment, including:
Trading and Distribution
In the trading and distribution segment, the Company focuses on developing its business in the 2 (two) main product lines of
petroleum and basic chemicals.
Industrial Petroleum Products and Industrial Lubricants
Biodiesel Marine Petroleum, IDO Lubricants
Mining Plantations Power Manufacturing Vessels Manufacturing Vessels Heavy
Generation Equipment
Vessels Shipping
1. Non-Subsidized Industrial Petroleum for sea and river distribution, including vessels specifically
Since 2005, the Company has developed its non- designed for shallow waters in Kalimantan with depths
subsidized industrial petroleum distribution business and of up to 2.7 (two point seven) meters. In addition, the
expanded its logistics network to serve customers in the Company operates approximately ±250 (two hundred
mining, power generation, manufacturing, transportation, and fifty) trucks to support land transportation throughout
and bunker sectors. This is supported by tank terminal Indonesia.
facilities at several strategically located major ports across
Indonesia, with a total capacity of 820,400 KL (kiloliters). In line with the government’s policy to support energy
transition and strengthen national energy security, the
The Company a has competitive advantage through Ministry of Energy and Mineral Resources in August
reliable supply chain management system, enabling 2018 mandated the use of biodiesel for industrial and
the Company to ensure availability of capacity, product transportation sectors, with limited exemptions. AKR
quality, and on-time delivery of petroleum to customers plays an important role in the implementation of the B40
across various regions of Indonesia. This is supported program. The Company received the largest allocation of
by a petroleum transportation fleet consisting of tanker Fatty Acid Methyl Ester (FAME) among private companies
vessels, barges, and Self-Propelled Oil Barges (SPOB) for the biodiesel blending process.
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Retail Petroleum Products and Aviation Fuel Products
Subsidized Non-Subsidized Aviation Fuel
Company Profile
High-octane gasoline (RON 92 and RON
Biodiesel (B40) Aviation Turbine Fuel
95) with active technology and diesel
(CN 48 and CN 51)
Non-commercial Fishing Vessels Motor Vehicles Aircraft
Vehicle
2. Non-Subsidized Retail Petroleum 3. Subsidized Retail Petroleum
In 2017, the Company established a strategic partnership For nearly 16 (sixteen) years, supported by its operational
with bp to develop the retail petroleum business in capacity and solid track record, the Company has been
Indonesia, through the establishment of a joint venture PT entrusted by the Downstream Oil and Gas Regulatory
Aneka Petroindo Raya, which operates under the brand “bp Agency (BPH Migas) to distribute subsidized petroleum.
AKR Petroleum Retail”. Through this exclusive agreement, Distribution is conducted through Public Fuel Filling
both parties are committed to delivering a unique and Stations (SPBKB) and Fishermen Fuel Filling Stations (SPBN)
value-added fuel retail experience by combining bp’s under the AKRA SOL brand, which now distribute biodiesel-
global expertise with AKR’s deep understanding of based petroleum product.
Indonesia’s growing retail market.
The Company manages a network of SPBKB and SPBN
As of the end of 2025, AKR operates 72 (seventy-two) bp across various regions of Indonesia, including Sumatra,
AKR retail stations located across the Greater Jakarta area, Java, Bali, and Kalimantan. Supported by an integrated
Surabaya, Gresik, Malang, as well as several rest areas along terminal network and adequate transportation fleets, the
the Cipularang and Pasuruan–Probolinggo Toll Roads. Company consistently receives mandates from BPH Migas
In addition to the bp AKR retail network, the Company for the continued distribution of subsidized biodiesel, also
also provides limited non-subsidized fuel retail sales playing an active role in supporting the One-Price Fuel
through some of AKR fuel stations. Amid evolving industry program in the Frontier, Outermost, and Disanvatageds (3T)
dynamics, the fuel retail segment is expected to remain a areas. This further reinforces the Company’s position as
key driver of the Company’s long-term sustainable growth. one of the industry’s key players
Product Type Product
• Biodiesel (B40)
Non-Subsidized Industrial Petroleum • Industrial Diesel Oil (IDO)
• Marine Fuel Oil
• Gasoline RON 92 and RON 95
Non-Subsidized Retail Petroleum
• High Quality Diesel (CN 48 and CN 51)
Subsidized Petroleum Biodiesel (B40)
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4. Basic Chemicals Since establishing its first storage tank terminal in Indonesia
AKR serves as principal distributor for PT Asahimas in the 1960s, AKR has drown its market share in Indonesia
Chemical, distributing a wide range of basic chemicals, for chemical supplies. This is supported by adequate
including chlor alkali, solvents, acids, and various organic storage infrastructure as well as integrated supply chain
and inorganic chemicals. The Company also conducts and logistics systems positioning AKR as a trusted partner
trading and distribution of basic chemicals sourced from for various industrial sectors, including mineral refining
both domestic and international suppliers to ensure supply (smelters), consumer goods, textiles, glass, and other
continuity and flexibility. industries.
Basic Chemical Products Consumer
• Caustic Soda • Household Products Manufacturers
• Sodium Hypochlorite • Textiles
• Hydrogen Peroxide • Glass
• PVC Resins • Paper
• Soda Ash • Fertilizers
• Sulphuric Acid • Chemical and Pharmaceutical
• Hydrochloric Acid • Plastics
• Sodium Sulphate • Food Additive
• Methanol • Smelter
5. Lubricants 7. Gas
AKR develops its lubricants business through PT Anugerah On 4 August 2021, the Company entered into a partnership
Lubrindo Raya (ALR), a subsidiary established on 7 with PT Bayu Buana Gemilang (BBG) to establish the joint
February 2019 as part of PT Anugerah Krida Retailindo. venture of PT Berkah Buana Energi (BBE) to carry out the
ALR focuses on the trading and distribution of Castrol- development, management, and expansion of a natural gas
branded lubricants for the industrial, maritime, mining, and distribution network through pipelines from gas sources to
commercial vehicle segments, as part of the Company’s end customers.
diversification strategy to expand its business portfolio
while strengthening its position and competitiveness in the The development focus of BBE is centered at JIIPE to
lubricants sector. support the energy needs of the industrial sector in the
6. Aviation Fuel area. AKR holds 65% (sixty-five percent) of the shares,
In 2016, the Company entered into an agreement with Air bp while BBG holds 35% (thirty-five percent), reflecting the
to develop the aviation fuel distribution business at airports Company’s strategic role in managing and developing the
in Indonesia. This strategic collaboration was carried out natural gas distribution business.
through the joint venture PT Dirgantara Petroindo Raya
(DPR). In August 2019, DPR began operation of its first
Aircraft Refueling Depot (DPPU) located at the dedicated
IMIP Morowali airport, Central Sulawesi, as well as in
Cibubur. Through this initiative, the Company recorded an
important milestone, becoming the first national private
company in Indonesia to provide aviation fuel services.
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Logistics Services
The Company’s logistics infrastructure comprises To strengthen petroleum storage and distribution capacity,
Company Profile
warehouses, storage tanks, vessels, and transport trucks the Company holds 51% (fifty-one percent) of the shares in PT
enabling the Company to provide efficient logistics and Jakarta Tank Terminal (JTT), a joint venture with Royal Vopak that
distribution services to third parties, including reliable bulk operates an independent petroleum storage terminal with a
cargo handling at several major ports in Indonesia. total capacity of 350,000 cbm, located at Tanjung Priok Port,
and equipped with jetty facilities and an underwater pipeline
PT AKR Transportasi Indonesia, a subsidiary, provides land network.
transportation services to support logistics and distribution
activities. In addition, the Company operates a fleet of vessels As one of the largest independent petroleum terminal, JTT
through PT AKR Sea Transport to ensure safe and timely plays a strategic role in enhancing the efficiency of the
delivery of products, both to internal operations and third- Company’s petroleum distribution, while also serving leading
party customer. oil companies customers. The types of products and services
provided include:
Services
Bulk Cargo Handling Services
Container Handling Services
Land and Sea Transportation
Storage Tanks
Vendor Managed Inventory (VMI)
Warehousing
Port Services through affiliated company PT BMS
The Company provides Vendor Managed Inventory (VMI) optimization of inventory management. The implementation
services for key customers, a system for managing petroleum of VMI is a reflection of the Company’s commitment to
inventories directly at customer sites. Under this protocol, delivering solutions that enhance customers’ operational
customers are charged based on actual usage volumes, while efficiency while creating sustainable added value.
the Company is responsible for planning, availability, and
Manufacturing
The manufacturing segment produces high-quality wood solutions for the wood and paper industries in Indonesia,
adhesives through a subsidiary, PT Arjuna Utama Kimia (Aruki) supporting consistent, efficient, and high-standard
located in Surabaya, East Java. Aruki provides adhesive production requirements
Product Type Brand End Product
Urea-formaldehyde Resin Uloid Plywood and wood products
High Solid Urea-formaldehyde Resin Uloid Particle Board and MDF
Melamine-formaldehyde Resin Uloid Plywood and wood products
Planol-formaldehyde Resin Uloid Plywood and wood products
Two Component Vinyl Urethane Wood working, Furniture, Flooring &
Struct Bond
Adhesive FJLB
High performance dry strength
Polyacrylamide Monomer (PAM) Resin HOFMANN
enhancement resin for paper
High performance dry strength
Polyacrylamide Monomer (PAM) Resin HOPELON
enhancement resin for paper
Melamine Resin URAMIN Paper wet strength improvement resin
Poly Vinyl Acetate PVAc Multipurpose glue for wood and paper
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Industrial Estate
As part of the strategy for long-term growth, the Company has and six) hectares for seaport facilities, and approximately 800
expanded its investment portfolio through the development (eight hundred) hectares for residential and commercial areas
of the Java Integrated Industrial and Ports Estate (JIIPE) located developed by an affiliated company, PT AKR Land.
in Gresik, East Java, intended to meet industrial customers’
needs for industrial land, logistics and energy solutions. As a Special Economic Zone (SEZ) focusing on technology
JIIPE features a deep-sea port integrated with a large-scale and manufacturing to support the national downstreaming
industrial estate and strong connectivity in one of Indonesia’s agenda, JIIPE is equipped with various international-standard
fastest-growing provinces. supporting facilities, including power plants, water supply
systems, wastewater treatment, and information technology
With a total area of more than 3,000 hectares, JIIPE is infrastructure. The availability of these facilities enhances the
being developed as an integrated industrial estate directly estate’s attractiveness to industrial tenants while also creating
connected to a deep-sea port, making it one of the largest sustainable revenue sources for the Company, ensuring that
integrated industrial and port estates in Indonesia. The the business model does not rely solely on land sales and
development comprises 1,761 (one thousand seven hundred leasing. The types of products and services provided are
and sixty-one) hectares for industrial areas, 406 (four hundred detailed as follows:
Services
Industrial Estate
Port and Port Operator
Utilities & Infrastructures
Gas Supplies
Markets Served
As a provider of logistics services and supply chain solutions In developing its non-subsidized retail petroleum and aviation
for energy and chemicals in Indonesia, the Company is fuel businesses, the Company has established strategic
supported by a broad and reliable infrastructure and logistics partnerships with bp Global through joint ventures, including
network, operating storage tank facilities and distribution bp AKR, which as of the end of December 2025 operated 72
terminals at 19 (nineteen) strategic ports across Indonesia, (seventy-two) retail stations, and PT Dirgantara Petroindo
and supported by a comprehensive logistics fleet, including Raya (DPR), which manages 2 (two) aviation fuel depots in
transport vessels and distribution trucks for Petroleum and Indonesia. In the subsidized retail segment, the Company
basic chemicals allowing the Company to serve customers distributes biodiesel for motor vehicles and fishermen,
across a wide range of industrial sectors. reaching Java, Sumatra, Kalimantan, and Sulawesi. In addition
to the bp AKR retail network, the Company also provides
The Company also distributes biodiesel and petroleum to limited non-subsidized fuel retail sales through some of AKR
customers in the commercial, mining, power generation, fuel stations.
manufacturing, construction, fisheries, and bunker sectors,
and has expanded into the retail segment by offering Euro 4 The Company serves as strategic distributor for International
standard fuels through its retail outlet network, as part of its Chemical Producer within Indonesia, where products serve as
commitment to product quality and higher environmental raw materials for a wide range of industries, including smelters,
standards. chemicals, textiles, pulp and paper, consumer goods,
fertilizers, processed wood products, food, pharmaceuticals,
and other industrial sectors.
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Association
Memberships
Company Profile
The Company actively involves itself in various associations and business organizations to expand its network and strengthen
communication with stakeholders. In 2025, AKR was recorded as a member of the following associations:
Membership Fee / Year
Organisation Name Position
(Rp)
Asosiasi Pengusaha Indonesia (APINDO) Member Rp27,500,000
Asosiasi Emiten Indonesia (AEI) Member Rp12,000,000
Kamar Dagang dan Industri Indonesia
Member Rp3,500,000
(KADIN)
Indonesia Corporate Secretary
Member Rp5,000,000
Association (ICSA)
Association of Indonesian Investor
Vice Chairman Rp2,000,000
Relations
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Organizational
Structure Board of Commissioners
As of December 31, 2025
Soegiarto Adikoesoemo
Sofyan A. Djalil
Fauzi Ichsan
Audit Committee Nomination & Remuneration Committee
Fauzi Ichsan Soegiarto Adikoesoemo
Sartono* Fauzi Ichsan
Prof. DR. Djisman Simandjuntak Felix Abednego
*) Mr. Sartono’s term of office refers to the
Audit Committee section on page 212 Quality Assurance & Risk Management
President Director
Antonius Setiawan
Haryanto Adikoesoemo
Investor Relations
Ignatius T. Prayoga
CEO Deputy CEO Director of Director of Director of Director of
Regional Finance & Operations, Corporate
Sales & Accounting Industrial Secretary,
Operation Estate & Port Business
Facilities Development &
Joint Ventures
Relationship
Bambang
Jimmy Tandyo Mery Sofi Nery Polim Termurti Tiban Suresh Vembu
Soetiono S.
Head of Head of Head of Deputy Head of Corporate
Human Resources Petroleum Division West Region Finance & Tax Network & Secretary Officer
Johny W. Operations
Felix Abednego Nery Polim Melyati Yuwono Joseph Fiana M. Awalina
Sutanto
Pangilinan
Head of Head/ Head of
Head of Natural Chemical & Deputy Head Procurement Deputy Joint Ventures
Gas & Renewable Logistics Division of Branch: Network & PT Jakarta Tank
Energy Weldy Natalina Operations I
• Jakarta Terminal
Ongkowijono • Medan Yuwono
Elijas Pudjianto
• Palembang
Head of Ongkowijoyo PT Dirgantara
• Lampung Petroindo Raya
Business Process
Head of • Bandung
& Compliance Deputy
Head of Information • Semarang PT Aneka
Network &
Corporate Legal Technology • Pontianak Handy Yustisio Petroindo Raya
Operations II
Harryati Utami Johan Soegiarto PT Anugerah
Erpiny Tan
Head of Head of Lubrindo Raya
East Region Treasury &
Head of PT Anugerah Kimia
Insurance Head of Sea
Licence & Permit Reza Gunawan Indonesia
Transport
Antonius Veranica Hady
Brahmanta Lexsi Permana
Head/
Deputy Head Head of
Head of
of Branch: Receivable
Litigation Joint Ventures
• Surabaya Management
Toni Butar Butar • Kalimantan Oey Imelda PT Berkah
Timur Widjaja Kawasan Manyar
• Kalimantan Sejahtera
Head of Selatan &
External relations Tengah PT Berlian Manyar
• Bali Sejahtera
Tri Margono • Sulawesi
• Stagen PT Terminal Nilam
• Morowali Utara
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Profile of the
Board of Commissioners
Company Profile
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• SMA Yong Ching Night School, Surabaya (1957)
• SMP Yong Ching Night School, Surabaya (1954)
• SD Chung Hua Sie Siau Lawang, Malang (1951)
Career History
• Founder & Chairman AKR (Guangxi) Coal Trading Co. Ltd,
Guigang, Tiongkok (2008 – 2019)
• Founder & Chairman AKR (Guigang) transshipment port, Co. Ltd,
Guigang, Tiongkok (2016 – 2017)
• Founder & Chairman AKR Guangxi (Guigang) AKR Container Port
Co. Ltd, Guigang, tiongkok (2006 – 2017)
• President Director of AKR (1982 – 1992)
• Founder of AKR Group (1960)
• Established his own company, UD. Sinar Djaja (1960)
Concurrent Positions
• President Commissioner of PT Arjuna Utama Kimia (2007 –
present)
• Member of the Nomination and Remuneration Committee of PT
AKR Corporindo Tbk
• President Commissioner of PT AKR Land Development (formerly
PT Union Perkasa Wisesa), Jakarta (1998 – present)
• President Commissioner of PT Arthakencana Rayatama (1992 –
present)
• President Commissioner of PT Andahanesa Abadi (1992 –
present)
Affiliation Relationships
Has a family relationship with the President Director and the
Controlling Shareholder.
Soegiarto Share Ownership
Owns 145,267,000 shares in the Company.
Adikoesoemo
President Commissioner
Nationality Domicile
Indonesia Surabaya
Place and Date of Birth
Malang, 24 March 1938
Age
88 years old
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76
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Ph.D in Capital Market Law and Policy, Fletcher School of Law
and Diplomacy, Tufts University (1993)
• Master of Arts in Law and Diplomacy, Tufts University (1991)
• Master of Arts (MA) in Public Policy, Tufts University (1989)
• Bachelor of Law, University of Indonesia (1984)
Career History
• Minister of Agrarian Affairs and Spatial Planning (2016 – 2022)
• Minister of National Development Planning (2015 – 2016)
• Coordinating Minister for Economic Affairs (2014 – 2015)
• Head of the Strategic Studies Team for Vice President Budiono
(2010 – 2014)
• Minister of Communication and Information Technology
(2004 – 2007)
• Community Relations Consultant, Chevron Indonesia (2000)
• Assistant Minister of State-Owned Enterprises (1998 – 2000)
• Vice President, Research & Development, Jakarta Stock
Exchange (1998)
Concurrent Positions
• CEO, Indonesia Business Council (IBC) (2023 – present)
• President Commissioner and Independent Commissioner,
PT Pembangunan Jaya Ancol Tbk (2023 – present)
• Advisory Board Member, Indonesian Palm Oil Strategic Studies
(IPOSS) (2023 – present)
• President Commissioner, PT Indika Nature (2022 – present)
Affiliation Relationships
Has no affiliation with the Board of Commissioners, the Board of
Directors, or the Controlling Shareholder.
Sofyan A. Share Ownership
Does not own any shares in the Company.
Djalil
Commissioner
Nationality Domicile
Indonesia Jakarta
Place and Date of Birth
Aceh, 23 September 1953
Age
72 years old
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Company Profile
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Master of Science, Development Studies, Massachusetts
Institute of Technology (MIT), Massachusetts, USA, (1995)
• Bachelor of Science, London School of Economics (LSE),
University of London, UK (1991)
• Ordinary and Advanced Level Certificates of Education,
Cambridge University Board, UK (1988)
Career History
• Executive Committee Member of International Association of
Deposit Insurers, IADI, Basel, Switzerland (2017 – 2020)
• Chief Executive Officer, Indonesia Deposit Insurance
Corporation (LPS) (2015 – 2019)
• Member of the Board of Commissioners, LPS (2014 – 2015)
• Managing Director, Senior Economist, and Head of Government
Relations, Standard Chartered Bank (SCB) Jakarta (2001 – 2014)
• Senior Economic Adviser for British Ambassador to Indonesia
(1998 – 2000)
• Bond Trader Citibank Singapore (1997 – 1998)
• Head of Fixed Income Sales Desk Citibank Jakarta (1995 – 1997)
• Research Analyst, Harvard Institute for International
Development, Advisory Team for Minister of Finance, Finance
Department (1991 – 1993)
Concurrent Positions
• Independent Commissioner, Minamas Plantation
(2023 – present)
• Independent Commissioner, Unilever Indonesia (2021 – present)
• Independent Commissioner, Manulife Investment Management
(2020 – present)
• President Commissioner, Indonesia Financial Group (IFG)
Fauzi
(2020 – present)
• Chairman of the Nomination and Remuneration Committee,
PT AKR Corporindo Tbk (2020 – present)
• Chairman of the Audit Committee, PT AKR Corporindo Tbk
Ichsan
(2020 – present)
Affiliation Relationships
Has no affiliation with the Board of Commissioners, the Board of
Directors, or the Controlling Shareholder.
Independent Commissioner Statement of Independence
Mr. Fauzi Ichsan, as an Independent Commissioner who is currently
entering his second term of office, meets all the independence
criteria as stipulated in the applicable laws and regulations.
Nationality Domicile
Share Ownership
Indonesia Surabaya Does not own any shares in the Company.
Place and Date of Birth
Jakarta, 27 January 1970
Age
56 years old
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Profile of the
Board of Directors
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Executive Management Program Harvard Business School
(1993)
• Bachelor of Science, University Bradford, United Kingdom
(1983)
• “A” Level Hall Green Technical College, United Kingdom (1980)
• “O” Level St. Patrick’s School, Singapore (1978)
Career History
• Vice Chairman, Khalista (Liuzhou) Chemical Industries Ltd
(2004 – 2018)
• President Commissioner, PT Bumi Karunia Pertiwi (2009 – 2018)
• Director, AKR (Guigang) Coal Trading Co. Ltd (2008 – 2017)
• Director, AKR (Guigang) Transshipment Port Co. Ltd
(2006 – 2017)
• Director, AKR (Guigang) Port Co. Ltd (2006 – 2017)
• Director, Guangxi (Guigang) AKR Container Port Co. Ltd
(2006 – 2017)
• President Commissioner, PT Jabal Nor (2011 – 2017)
• Executive Committee Member, Business Office Ministry (2003)
Concurrent Positions
• Director, Lubrindo Shipping Services Pte Ltd (2019 – present)
• President Commissioner, PT Anugerah Lubrindo Batam
(2019 – present)
• President Commissioner, PT Anugerah Lubrindo Raya
(2019 – present)
• President Commissioner, PT Anugerah Krida Retailindo
(2017 – present)
• President Commissioner, PT Energi Manyar Sejahtera
Haryanto
(2015 – present)
• President Commissioner, PT AKR Transportasi Indonesia
(2013 – present)
• President Commissioner, PT AKR Niaga Indonesia
Adikoesoemo
(2012 – present)
• President Commissioner, PT AKR Sea Transport (2011 – present)
• President Commissioner, PT Anugrah Karya Raya
(2009 – present)
• Commissioner, PT Andahanesa Abadi (2008 – present)
• President Commissioner, PT Arjuna Utama Kimia
President Director (2007 – present)
• President Commissioner, PT Jakarta Tank Terminal
(2005 – present)
• President Commissioner, PT Usaha Era Pratama Nusantara
Nationality Domicile (2002 – present)
• President Director, PT Arthakencana Rayatama (1992 – present)
Indonesia Jakarta • President Director, PT AKR Land Development (formerly
PT Union Perkasa Wisesa) (1985 – present)
Place and Date of Birth Affiliation Relationships
Has a family relationship with the President Commissioner and the
Surabaya, 21 September 1962 Controlling Shareholder.
Share Ownership
Age Owns 212,604,600 shares in the Company.
63 years old
Annual Report 2025
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Company Profile
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Advance Management Program di Harvard Business School
(2005)
• Graduate of the Institute of Foreign Languages (1970)
Career History
• Director, AKR (Guangxi) Coal Trading Co. Ltd (2008 – 2019)
• Director, Khalista (Liuzhou) Chemical Industries Ltd (2012 – 2018)
• Commissioner, PT Bumi Karunia Pertiwi (2009 – 2018)
• Commissioner, PT Jabal Nor (2011 – 2017)
• Director, Guangxi (Guigang) AKR Container Port Co. Ltd
(2006 – 2017)
• Director, AKR (Guigang) Port Co. Ltd (2006 – 2017)
• Director, AKR (Guigang) Transshipment Port Co. Ltd
(2006 – 2017)
• Director, PT Sorini Corporation Tbk (1985 – 2006)
• General Manager PT Aneka Kimia Raya (1974 – 1985)
Concurrent Positions
• President Commissioner, PT Terminal Energi Primer
(2024 – present)
• Commissioner, PT Berkah Renewable Energi Nusantara
(2024 – present)
• President Commissioner, PT Berkah Buana Energi
(2021 – present)
• Commissioner, PT Anugerah Krida Retailindo (2017 – present)
• President Commissioner, PT Terminal Nilam Utara
(2015 – present)
• Commissioner, PT AKR Niaga Indonesia (2012 – present)
• President Commissioner, PT Berkah Kawasan Manyar Sejahtera
Jimmy
(2012 – present)
• Commissioner, PT AKR Sea Transport (2011 – present)
• Commissioner, PT Anugrah Karya Raya (2009 – present)
• President Director, PT Andahanesa Abadi (2008 – present)
Tandyo
• Commissioner, PT Jakarta Tank Terminal (2007 – present)
• Commissioner, PT Usaha Era Pratama Nusantara
(2002 – present)
• Director, PT Arthakencana Rayatama (1992 – present)
• Commissioner, PT Arjuna Utama Kimia (1985 – present)
Director Affiliation Relationships
Has no affiliation with members of the Board of Commissioners, the
Board of Directors, or the Controlling Shareholder.
Nationality Domicile Share Ownership
Owns 48,000,000 shares in the Company.
Indonesia Jakarta
Place and Date of Birth
Surabaya, 22 August 1951
Age
74 years old
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Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
Bachelor of Economics in Accounting, STIE Surabaya (1986)
Career History
• Commissioner, PT Berlian Manyar Stevedore (2016 – 2019)
• Director, AKR (Guigang) Transshipment Port Co. Ltd
(2006 – 2017)
• Head of Surabaya Branch Office, PT AKR Corporindo Tbk
(1992 – 1994)
• Head of Finance and Accounting Division, PT AKR Corporindo
Tbk, Surabaya Branch Office (1989 – 1992)
Concurrent Positions
• Commissioner, PT Terminal Energi Primer (2024 – present)
• Commissioner, PT Berkah Buana Energi (2021 – present)
• President Director, PT Terminal Nilam Utara (2014 – present)
• President Director, PT Berkah Kawasan Manyar Sejahtera
(2012 – present)
• Commissioner, PT Berlian Manyar Sejahtera (2012 – present)
• President Director, PT AKR Niaga Indonesia (2012 – present)
• President Director, PT AKR Sea Transport (2011 – present)
• Director, PT Andahanesa Abadi (2008 – present)
• Director, PT Arjuna Utama Kimia (2007 – present)
• Director, PT Jakarta Tank Terminal (2005 – present)
• President Director, PT Usaha Era Pratama Nusantara
(2002 – present)
Affiliation Relationships
Has no affiliation with members of the Board of Commissioners, the
Bambang
Board of Directors, or the Controlling Shareholder.
Share Ownership
Soetiono
Owns 7,780,000 shares in the Company.
Soedijanto
Director
Nationality Domicile
Indonesia Jakarta
Place and Date of Birth
Rembang, 8 February 1962
Age
64 years old
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Company Profile
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
Bachelor of Economics in Accounting, Krida Wacana University,
Jakarta (1990)
Career History
• President Director, PT Berkah Buana Energi (2021 – 2023)
• President Director, PT Bumi Karunia Pertiwi (2012 – 2018)
• Director, AKR (Guigang) Transshipment Port Co. Ltd
(2006 – 2017)
• Director, Guangxi (Guigang) AKR Container Port Co. Ltd
(2006 – 2017)
• Financial Controller, PT AKR Corporindo Tbk (1997 – 2006)
• Finance and Accounting Manager, Packaging Division,
PT Indofood Sukses Makmur Tbk (1988 – 1997)
Concurrent Positions
• President Director, PT Terminal Energi Primer (2024 – present)
• Director, Chemical Petroleum International Trading Pte. Ltd
(2024 – present)
• President Commissioner, PT AKR Transportasi Indonesia
(2024 – present)
• Commissioner, PT Berkah Kawasan Manyar Sejahtera
(2017 – present)
• President Commissioner, PT Dirgantara Petroindo Raya
(2017 – present)
• Director, PT Anugerah Krida Retailindo (2017 – present)
• Director, PT AKR Niaga Indonesia (2012 – present)
• Director, PT AKR Sea Transport (2011 – present)
• Director, PT Andahanesa Abadi (2008 – present)
• Director, PT Arjuna Utama Kimia (2007 – present)
Mery Affiliation Relationships
Has no affiliation with members of the Board of Commissioners, the
Board of Directors, or the Controlling Shareholder.
Sofi Share Ownership
Owns 8,303,000 shares in the Company.
Director
Nationality Domicile
Indonesia Jakarta
Place and Date of Birth
Bagan Siapi-api, 25 April 1967
Age
59 years old
Annual Report 2025
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82
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Bachelor of Commerce, Bangalore University, MES College
(1984)
• Chartered Accountant, Institute of Chartered Accountants of
India, New Delhi (1987)
Career History
• Corporate Secretary and Head of Investor Relations, PT AKR
Corporindo Tbk and PT Sorini Agro Asia Corporindo Tbk
(2007 – 2009)
• Head of Corporate Finance & Investor Relations, PT AKR
Corporindo Tbk (2004 – 2007)
• General Manager, Corporate Finance (Engineering), Texmaco,
Indonesia (2001 – 2004)
• Finance Manager, Texmaco Perkasa Engineering (1998 – 2001)
• Commercial Manager, PT Perkasa Heavyndo Engineering
(1995 – 1998)
• Finance Manager, Birla 3M Limited, Bangalore (1991 – 1995)
• Assistant Finance Manager, TVs Electronics Limited, Bangalore
(1984 – 1991)
Concurrent Positions
• Vice President Commissioner, PT Anugerah Kimia Indonesia
(2020 – present)
• Director, PT Anugerah Lubrindo Batam (2020 – present)
• Director, PT Anugerah Lubrindo Raya (2020 – present)
• Commissioner, PT Dirgantara Petroindo Raya (2018 – present)
• President Commissioner, PT Aneka Petroindo Raya
(2018 – present)
Suresh
Affiliation Relationships
Has no affiliation with members of the Board of Commissioners, the
Board of Directors, or the Controlling Shareholder.
Vembu
Share Ownership
Owns 4,927,500 shares in the Company.
Director
Nationality Domicile
India Jakarta
Place and Date of Birth
Nagapattinam, 23 June 1964
Age
61 years old
Annual Report 2025
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Company Profile
Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
Sarjana Akuntansi dari California State University of Bakersfield, USA
(1988)
Career History
• Director, AKR (Guigang) Transshipment Port Company
(2014 – 2017)
• Head of People Development (1993 – 2012)
Concurrent Positions
• President Director, PT Anugerah Krida Retailindo (2017 – present)
• Director, PT AKR Niaga Indonesia (2015 – present)
• Commissioner, PT Anugrah Karya Raya (2011 – present)
• Commissioner, PT Usaha Era Pratama Nusantara
(2006 – present)
Affiliation Relationships
Has no affiliation with members of the Board of Commissioners, the
Board of Directors, or the Controlling Shareholder.
Share Ownership
Owns 2,965,000 shares in the Company.
Nery
Polim
Director
Nationality Domicile
Indonesia Jakarta
Place and Date of Birth
Medan, 17 December 1964
Age
61 years old
Annual Report 2025
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Legal Basis of Appointment
Resolution of the Annual General Meeting of Shareholders based on
Deed No. 16 dated 28 April 2025.
Educational Background
• Bachelor of Economics, Trisakti University (1993)
• Indonesia Certified Public Accountant (CPA -IAPI) and
Chartered Accountant (CA - IAI)
Career History
Public Accounting Firm (KAP) Purwantono, Suherman & Surja
(Member Firm of Ernst & Young) (prior to 2014)
Concurrent Positions
• Director, PT Terminal Energi Primer (2024 – present) and
Director, Chemical Petroleum International Trading Pte. Ltd
(2024 – present)
• Commissioner, PT AKR Transportasi Indonesia (2024 – present)
• Director, PT Berkah Renewable Energi Nusantara
(2024 – present)
• President Commissioner, PT Berkah Bunker Service
(2023 – present)
• President Commissioner, PT Anugerah Kreasi Pratama Indonesia
(2023 – present)
• Director, PT Berkah Buana Energi (2021 – present)
• Director, PT Anugerah Lubrindo Batam (2019 – present)
• Director, PT Anugerah Lubrindo Raya (2019 – present)
• Commissioner, PT Berkah Kawasan Manyar Sejahtera
(2017 – present)
• Director, PT Anugerah Krida Retailindo (2017 – present)
• Director, PT Usaha Era Pratama Nusantara (2019 – present)
• Director, PT AKR Sea Transport (2015 – present)
Affiliation Relationships
Termurti
Has no affiliation with members of the Board of Commissioners, the
Board of Directors, or the Controlling Shareholder.
Share Ownership
Tiban
Owns 1,650,000 shares in the Company.
Director
Nationality Domicile
Indonesia Jakarta
Place and Date of Birth
Medan, 19 July 1970
Age
55 years old
Annual Report 2025
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Information on Management Changes
During the 2025 Financial Year
Company Profile
At the Annual General Meeting of Shareholders held on 28 April 2025, all members of the Company’s Board of Commissioners
and Board of Directors completed their terms of office and were reappointed until the closing of the Annual General Meeting of
Shareholders in 2030. The reappointment was based on the resolution of the AGMS as set out in Deed No. 16 dated 28 April 2025.
Annual Report 2025
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86
Executive
Officers
Date of Ongkowijono Date of
Johny W Appointment Appointment
1 March 2004 Soehardjo 1 November 2002
Sutanto
Age
Hartono Age
Head of Petroleum Head Of Chemical &
60 years old 56 years old
Division Logistics Division
Educational Background Educational Background
• Master of Business Adiministration from University of Bachelor of Agriculture from Satya Wacana Christian University
Technology Sydney (2003) (1993)
• Bachelor of Economics, Satya Wacana Christian University,
Salatiga (1988) Career History
• Head of Chemical & Logistics Division, PT AKR Corporindo Tbk
Career History (2020 – present)
• Head of Petroleum Division, PT AKR Corporindo Tbk • Head of Branch Jakarta, PT AKR Corporindo Tbk (2008 – 2020)
(2020 – present) • Head of Branch Surabaya, PT AKR Corporindo Tbk
• Commercial Petroleum, PT AKR Corporindo Tbk (2016 – 2020) (2002 – 2008)
• Business Development, PT AKR Corporindo Tbk (2006 – 2016) • Head of Branch Banking, Preferred Banking & Commercial
• Supply Chain Manager, PT AKR Corporindo Tbk (2004 – 2006) Lending PT Universal, Surabaya Branch, PT Bank Universal
• Group Product Manager at PT Warner Lambert Indonesia / Pfizer (2000 – 2002)
Indonesia (1992 – 2001) • Branch Manager Solo, PT Bank Bali (1998 – 2000)
Annual Report 2025
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Company Profile
Date of Date of
Reza Appointment Joseph Appointment
16 September 1996 1 August 2018
Gunawan Pangilinan
Age Age
Head of Network &
Head of East Region 53 years old 58 years old
Operations Division
Educational Background Educational Background
Bachelor of Industrial Engineering, University of Surabaya (1996) Bachelor of Civil Engineering, University of San Carlos, Philippines
(1988)
Career History
• Head of EAST Region, PT AKR Corporindo Tbk (2018 – present) Career History
• Head of Branch Surabaya, PT AKR Corporindo Tbk (2013 – 2018) • Director – Head of Network & Operation Division, PT AKR
• Deputy of Commercial Director, PT AKR Corporindo Tbk Corporindo Tbk (2018 – present)
(2012 – 2013) • Regional Logistics & Technical Manager – Total Oil Asia – Pacific
• Head of Branch Surabaya, PT AKR Corporindo Tbk (2008 – 2012) PTE LTD (2013 – 2018)
• Head of Sales Chemicals, PT AKR Corporindo Tbk (2007 – 2008)
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Date of Date of
Felix Appointment Elijas Appointment
17 May 2021 1 February 2022
Abednego Pudjianto
Age Age
Head of Human Head of Natural Gas &
53 years old 60 years old
Resources Division Renewable Energy
Educational Background Educational Background
• Master of Business Administration from Rotterdam School of Bachelor of Chemical Engineering, Institut Teknologi Sepuluh
Management, Erasmus University, The Netherlands (2000) Nopember (1990)
• Bachelor of Biology, majoring in Environmental Microbiology,
Satya Wacana Christian University, Salatiga (1995) Career History
• Director – Head of Natural Gas & Renewable Energy, PT AKR
Career History Corporindo Tbk (2022 – present)
• Director – Human Resources Division PT AKR Corporindo Tbk • President Director of PT Jasatama Petroindo (a wholly owned
(2021 – present) subsidiary of bp) / Head of bp Trading & Shipping - Indonesia at
• Human Resources Director, South East Asia Region, bp Trading & Shipping, Jakarta (2014 – 2021)
Mundipharma (2020 – 2021) • Business Development Director - Middle East at bp, Singapore
• Human Resources Director, PT Mundipharma Healthcare (2012 – 2014)
Indonesia (2017-2020) • Vice President, Sales and Marketing at bp Indonesia – Tangguh
• Human Resources Development Center Head, Upstream LNG, London (2010 – 2012)
Business, PT SMART Tbk (2013-2016) • Marketing, Sales Operations and Shipping Manager at bp
• Head of Human Resources and General Affairs, PT Nissan Motor Indonesia – Tangguh LNG, Jakarta (2005 – 2009)
Indonesia (2011-2013)
Annual Report 2025
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Company Profile
Date of Date of
Johan Appointment Melyati Appointment
17 September 2024 1 August 1995
Soegiarto Yuwono
Age Age
Head of Information
52 years old Deputy Tax & Accounting 54 years old
Technology Division
Educational Background Educational Background
• Innovation, Harvard Extension School (2019) Bachelor of Management, Satya Wacana Christian University (1994)
• Master of Management, Pelita Harapan University (2019)
• Bachelor of Informatics, Sekolah Tinggi Teknik Surabaya (1997) Career History
• Deputy Tax & Accounting PT AKR Corporindo Tbk
Career History (2023 – present)
• Head of Information Technology Division PT AKR Corporindo • Finance Controller PT AKR Corporindo Tbk (2012 – 2023)
Tbk (2024-present) • Head of Taxation PT AKR Corporindo Tbk (2010-2012)
• DCIO, Gill Capital Group (2022-2024) • Finance Controller PT AKR Corporindo Tbk (2009 – 2010)
• Corporate IT Director, RS Mitra Keluarga (2019-2021) • Head of Accounting Jakarta Branch PT AKR Corporindo Tbk
• VP IT, PT Matahari Department Store Tbk (2014-2019) (2007-2009)
• Senior IS Manager, PT Merck Tbk (2008-2014)
Annual Report 2025
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Date of Date of
Yuwono Appointment Erpiny Appointment
12 September 2000 1 April 2003
Ongkowijoyo Tan
Age Age
Deputy Network & Deputy Network &
49 years old 47 years old
Operations I Operations II
Educational Background Educational Background
• General Management Program, Havard Business School, Bachelor of Information Technology, Bina Nusantara University
Executive Education (2000)
• Master of Information & Technology System from University of
New South Wales (2000) Career History
• Bachelor of Mechanical Engineering, University of Wollongong • Deputy Network & Operations II, PT AKR Corporindo Tbk
(1998) (2023 – present)
• Head of Operations Services & Improvement, PT AKR
Career History Corporindo Tbk (2019 – 2023)
• Deputy Network and Operation I, PT AKR Corporindo Tbk • Head of IT Business Partner, PT AKR Corporindo Tbk (2018 –
(2023 – present) 2019)
• Head Of Network & Distribution, PT AKR Corporindo Tbk • Lead of Technology Enterprise Enablement Build, PT AKR
(2018 – 2023) Corporindo Tbk (2011 – 2017)
• Head of Improvement, PT AKR Corporindo Tbk (2017 – 2018) • IT Business Analyst, PT AKR Corporindo Tbk (2006 – 2011)
• Head of Operation WEST Region, PT AKR Corporindo Tbk
(2016 – 2017)
• Head of SHE, PT AKR Corporindo Tbk (2011 – 2016)
Annual Report 2025
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Company Shareholding
Composition
Company Profile
Shareholding Composition Based on Ownership of 5% or More and Less Than 5%
1 January 2025 31 December 2025
No Shareholders Percentage of Percentage of
Number of Shares Share Ownership Number of Shares Share Ownership
(%) (%)
Share Ownership of 5% or More
1. PT Arthakencana Rayatama 12,768,961,300 63.61% 12,787,818,600 63.71%
Ownership of Less Than 5%
Board of Commissioners &
2. 358,519,900 1.79% 431,497,100 2.15%
Board of Directors
3. Public 6,625,338,400 33.00% 6,580,453,900 32.78%
4. Treasury Stock 320,655,000 1.60% 273,705,000 1.36%
Total 20,073,474,600 100.00% 20,073,474,600 100.00%
1.36%
2.15%
32.78%
63.71%
PT Arthakencana Rayatama Public (each holding below 5%) Board of Commissioners & Board of Directors Treasury Stock
20 Major Shareholders
31 December 2025
No Shareholder Status Percentage of Share
Number of Shares
Ownership (%)
LIMITED LIABILITY
1. PT ARTHAKENCANA RAYATAMA 12,787,818,600 63.71%
COMPANY
BNYM RE BNYMLB RE EMPLOYEES
2. MALAYSIA - TAX TREATY 647,500,000 3.23%
PROVIDENTFD BOARD-2039927326
3. NTC-CIM INVESTMENT FUND ICAV INSTITUTION - FOREIGN 363,735,400 1.81%
BNPP LDN/2S/ABERDEEN ASIA
4. INSTITUTION - FOREIGN 228,918,000 1.14%
FOCUS PLC
5. HARYANTO ADIKOESOEMO INDIVIDUAL - DOMESTIC 212,604,600 1.06%
Annual Report 2025
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92
31 December 2025
No Shareholder Status Percentage of Share
Number of Shares
Ownership (%)
NORWAY -
CITIBANK NEW YORK S/A
6. GOVERNMENT_TAX_ 209,486,500 1.04%
GOVERNMENT OF NORWAY - 16
TREATY
NORWAY -
CITIBANK NEW YORK S/A
7. GOVERNMENT_TAX_ 193,957,800 0.97%
GOVERNMENT OF NORWAY - 15
TREATY
NORWAY -
CITIBANK NEW YORK S/A
8. GOVERNMENT_TAX_ 151,232,200 0.75%
GOVERNMENT OF NORWAY - 2
TREATY
9. SOEGIARTO ADIKOESOEMO INDIVIDUAL - DOMESTIC 145,267,000 0.72%
CITIBANK SINGAPORE S/A ART A/C
10. PUBLIC ISLAMIC ASEAN GROWTH MALAYSIA - TAX TREATY 136,590,700 0.68%
FUND
CITIBANK LONDON S/A PACIFIC 0.68%
11. INSTITUTION - FOREIGN 136,034,700
CAPITAL UCITS FUNDS PLC
DB SPORE SES CLT A/C FOR Pangolin 0.63%
12. INSTITUTION - FOREIGN 126,873,600
Asia Fund-864134001
CITIBANK NEW YORK S/A ISHARES UNITED STATES OF 0.61%
13. 123,303,900
CORE MSCI EMERGING MARKETS ETF AMERICA - TAX TREATY
PT. AXA MANDIRI FINANCIAL
0.57%
14. SERVICES S/A MANDIRI DYNAMIC INSURANCE NPWP 114,245,600
EQUITY MONEY RUPIAH
CITIBANK SINGAPORE S/A ART AC 0.44%
15. MALAYSIA - TAX TREATY 88,358,300
PUBLIC INDONESIA SELECT FUND
JPMCB NA RE-VANGUARD TOTAL UNITED STATES OF 0.43%
16. 86,933,307
INTERNATIONAL STOCK INDEX FUND AMERICA - TAX TREATY
JPMCB NA RE - VANGUARD
UNITED STATES OF 0.40%
17. EMERGING MARKETS STOCK INDEX 80,642,825
AMERICA - TAX TREATY
FUND
ALLIANZ LIFE IND - Smartlink Rupiah 0.39%
18. INSURANCE NPWP 78,729,000
Equity Fund
CITIBANK LONDON S/A EQ 0.38%
19. FINLAND - TAX TREATY 76,156,700
EMERGING DIVIDEND FUND
HSBC BANK PLC RE: LXG/HSBC
GLOBAL INVESTMENT FUNDS ASIA 0.37%
20. INSTITUTION - FOREIGN 74,427,800
PACIFIC EX JAPAN EQUITY HIGH
DIVIDEND
Total 78.45%
Shareholding Composition Based on Ownership Status
1 January 2025 31 December 2025
Shareholders Percentage Percentage
Number of Number of Number of Number of
of Share of Share
Shareholders Shares Shareholders Shares
Ownership (%) Ownership (%)
Domestic Investors
Individual
24,816 965,300,583 4.81% 25,801 985,105,785 4.91%
Investors
Limited Liability
73 13,163,594,263 65.58% 90 13,137,605,582 65.45%
Companies
Annual Report 2025
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93
1 January 2025 31 December 2025
Shareholders Percentage Percentage
Number of Number of Number of Number of
of Share of Share
Shareholders Shares Shareholders Shares
Ownership (%) Ownership (%)
Company Profile
Mutual Funds 162 492,390,077 2.45% 121 400,850,696 2.00%
Insurance
137 636,411,500 3.17% 139 685,267,500 3.41%
Companies
Foundations 59 272,246,100 1.36% 55 293,451,125 1.46%
Cooperatives &
0 0 0.00% 1 200,000 0.00%
Others
Sub-total
Domestic 431 14,564,641,940 72.56% 406 14,517,374,903 72.32%
Institutions
Number of
Investors - 25,247 15,529,942,523 77.37% 26,207 15,502,480,688 77.23%
Domestic
Foreign Investors
Individual
77 10,684,100 0.05% 86 10,568,500 0.05%
Investors
Business Entities 304 4,532,847,977 22.58% 277 4,560,425,412 22.72%
Number of
Investors - 381 4,543,532,077 22.63% 363 4,570,993,912 22.77%
Foreign
Total 25,628 20,073,474,600 100.00% 26,570 20,073,474,600 100.00%
Percentage of Domestic Shareholders
80.00% 30,000
26,207
25,247
78.00%
25,000
13,891
76.00%
77.23%
20,000
77.37%
74.00% 13,264
72.00% 15,000
10,073
75.92%
70.00%
72.77%
10,000
68.00%
68.57%
5,000
66.00%
64.00% 0
2021 2022 2023 2024 2025
Stock Split Information Following this approval, the Company submitted the
application for share listing on 24 December 2021, and the
A stock split of AKRA shares was conducted with a ratio stock split became effective on 12 January 2022. After the
of 1:5, as resolved at the Extraordinary General Meeting of stock split, the nominal value of AKRA shares became Rp20
Shareholders (EGMS) on 11 November 2021, and unanimously per share from the previous Rp100 per share, with the number
approved by shareholders at the EGMS held on 20 December of outstanding shares increasing to 20,073,474,600 shares
2021 in accordance with applicable regulations. from 4,014,694,920 shares.
Annual Report 2025
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94
Direct Share Ownership of the Board of Commissioners and Board of Directors
1 January 2025 31 December 2025
No Shareholder Position Percentage Percentage
Number of Number of
of Share of Share
Shares Shares
Ownership (%) Ownership (%)
Board of
Commissioners
Soegiarto President
1 101,604,800 0.51% 145,267,000 0.72%
Adikoesoemo Commissioner
2 Sofyan A. Djalil Commissioner Nihil Nihil Nihil Nihil
Independent
3 Fauzi Ichsan Nihil Nihil Nihil Nihil
Commissioner
Board of Directors
Haryanto
4 President Director 205,604,600 1.02% 212,604,600 1.06%
Adikoesoemo
5 Jimmy Tandyo Director 39,000,000 0.19% 48,000,000 0.24%
Bambang
6 Soetiono Director 4,780,000 0.02% 7,780,000 0.04%
Soedijanto
7 Mery Sofi Director 2,303,000 0.011% 8,303,000 0.04%
8 Suresh Vembu Director 3,727,500 0.02% 4,927,500 0.02%
9 Nery Polim Director 1,050,000 0.005% 2,965,000 0.01%
10 Termurti Tiban Director 450,000 0.0022% 1,650,000 0.01%
Total 358,519,900 1.79% 431,497,100 2.15%
Major Shareholders and Ultimate Beneficial Ownership
PT Arthakencana Rayatama (AKRT)
Brief History PT Arthakencana Rayatama (AKRT) is the Company’s parent entity, holding 63.71% of
the Company’s shares. AKRT was established based on AKRT Limited Liability Company
Deed No. 297 dated 23 November 1992, drawn up before Tegoeh Hartanto, S.H., Notary
in Jakarta. The Company obtained approval from the Minister of Justice of the Republic
of Indonesia through Decree No. C2-10481.HT.01.01.Th.92 dated 26 December 1992
and was published in the State Gazette No. 51 dated 25 June 1993, Supplement No.
2860/1993.
The Company’s Articles of Association have been amended several times. The most
recent amendment is set forth in the Deed of Statement of Shareholders’ Resolutions
of AKRT No. 23 dated 12 April 2023, drawn up by Yulia, S.H., Notary in South Jakarta. This
deed was approved by the Minister of Law and Human Rights through Decision No.
0088097.AH.01.02.Year 2022 dated 14 April 2023.
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Purpose and Business Activities As stated in Article 3 of AKRT’s Articles of Association as set forth in Deed No. 23 dated 12
April 2023, drawn up by Yulia, S.H., Notary in South Jakarta, the scope of AKRT’s business
activities includes: holding company activities; wholesale trade on a fee or contract
basis; wholesale trade of solid, liquid, and gaseous fuels and related products; wholesale
Company Profile
trade of chemicals and chemical goods; wholesale trade of aircraft, spare parts, and
accessories; manufacturing of petroleum refinery products; pipeline transportation;
general and special freight road transportation; domestic sea transportation for special
cargo; warehousing and storage; bonded warehousing or bonded zone activities; oil
and gas storage; sea, river, and lake port services activities; rental and leasing without
purchase options for cars, buses, trucks, and similar vehicles, as well as aircraft; precast
civil construction works; other electricity support activities; provision and distribution
of natural and manufactured gas; other management consultancy activities; and real
estate owned or leased.
Management Board of Commissioners
President Commissioner : Soegiarto Adikoesoemo
Commissioner : Yuwono Ongkowijoyo
Commissioner : Irawati Adikoesoemo
Commissioner : Sintawati Ongkowijoyo
Board of Directors
President Director : Haryanto Adikoesoemo
Director : Jimmy Tandyo
Director : Cynthia Theresia Buniardi
Company Address AKR Tower 26th Floor,
Jl. Panjang No 5, Kelurahan Kebon Jeruk,
Kecamatan Kebon Jeruk,
Administrative City of West Jakarta 11530,
Phone: 021 5311110
Ownership Structure as of 31 December 2025
51% 49%
Soegiarto Adikoesoemo Haryanto Adikoesoemo
63.71% 36.29%
PT Arthakencana Rayatama Public*
*) including treasury
shares of 1.36% and share
ownership of the Board
of Commissioners and
Board of Directors of
2.15%
PT AKR Corporindo Tbk
Annual Report 2025
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96
Chronology of
Share Listing
AKR officially listed its shares on the Indonesia Stock Exchange on 3 October 1994. The chronology of the Company’s share listing
up to 31 December 2024 is presented as follows:
Nominal Number of
Additional
Date Corporate Action Value per Outstanding Listing
Shares Issued
Share (Rp) Shares
Initial Public Offering Indonesia Stock
3 October 1994 1,000 15,000,000 65,000,000
@ Rp1,000 Exchange
Indonesia Stock
27 February 1996 Bonus Shares 6 : 10 1,000 39,000,000 104,000,000
Exchange
25 September Indonesia Stock
Share Nominal Value Split 1 : 1 500 104,000,000 208,000,000
1996 Exchange
Indonesia Stock
1 October 2004 Rights Issue 1 : 2 @ Rp500 500 416,000,000 624,000,000
Exchange
Indonesia Stock
27 July 2007 Share Nominal Value Split 1 : 5 100 2,496,000,000 3,120,000,000
Exchange
April & October Conversion of MSOP 2007 Indonesia Stock
100 5,400,000 3,125,400,000
2008 Phase I Exchange
Conversion of MSOP 2007 Indonesia Stock
October 2009 100 12,892,500 3,138,292,500
Phases I and II Exchange
Indonesia Stock
29 January 2010 Rights Issue II 1 : 5 @ Rp860 100 627,658,500 3,765,951,000
Exchange
April & October Conversion of MSOP 2007 Indonesia Stock
100 26,985,000 3,792,936,000
2010 Phases I, II, and III Exchange
April & October Conversion of MSOP 2007 Indonesia Stock
100 29,050,000 3,821,986,000
2011 Phases II, III, and IV Exchange
Conversion of MSOP 2007 Indonesia Stock
April 2012 100 29,457,500 3,851,443,500
Phases III, IV, and V Exchange
Conversion of MSOP
2007 Phases IV and V; and Indonesia Stock
April 2013 100 29,284,000 3,880,727,500
Conversion of MSOP 2011 Exchange
Phase I
Conversion of MSOP 2007
April & October Indonesia Stock
Phase V; and Conversion of 100 32,910,174 3,913,637,674
2014 Exchange
MSOP 2011 Phases I and II
Conversion of MSOP 2011
April & October Indonesia Stock
Phases I and II, and Conversion 100 35,392,561 3,949,030,235
2015 Exchange
of MSOP 2014
Conversion of MSOP 2011 Phase
April & October Indonesia Stock
II, Conversion of MSOP 2014, 100 42,750,935 3,991,781,170
2016 Exchange
and Conversion of MSOP 2015
Conversion of MSOP Plan I
(2015) under the MSOP 2015
April & October Indonesia Stock
Program and Conversion of 100 14,548,250 4,006,329,420
2017 Exchange
MSOP Plan II (2016) under the
MSOP 2015 Program
Conversion of MSOP Plan I
(2015) under the MSOP 2015
Program, Conversion of MSOP
Indonesia Stock
April 2018 Plan II (2016) under the MSOP 100 8,365,500 4,014,694,920
Exchange
2015 Program, and Conversion
of MSOP Plan III (2017) under the
MSOP 2015 Program
Annual Report 2025
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97
Nominal Number of
Additional
Date Corporate Action Value per Outstanding Listing
Shares Issued
Share (Rp) Shares
Company Profile
No corporate actions during Indonesia Stock
2019 100 0 4,014,694,920
2019 Exchange
16 March 2020 – Indonesia Stock
Share Buyback-Treasury Share (67,261,000) 4,014,694,920
12 June 2020 Exchange
Indonesia Stock
12 January 2022 Share Nominal Value Split 1 : 5 20 20,073,474,600
Exchange
Conversion of MSOP Plan I
2 August 2024 – Indonesia Stock
(2024)-Reissuance of Treasury 20 15,650,000 20,073,474,600
31 August 2024 Exchange
Shares
Conversion of MSOP Plan II
2 August 2025 - 20 Indonesia Stock
(2025)-Reissuance of Treasury 46,950,000 20,073,474,600
31 August 2025 Exchange
Shares
Information on Sukuk and
Convertible Bonds
As of 31 December 2025, the Company has not issued any sukuk or convertible bonds. Therefore, information regarding the
number of outstanding sukuk/convertible bonds is not disclosed in this annual report.
Annual Report 2025
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98
Company Group
Structure
Integrated Industrial Manufacturing &
Trade & Distribution Logistics Services
Estate & Port Others
99,99% 99,99% 65,00% 99,97% 51,00% 99,99% 99,96%
PT Berkah
PT AKR PT Anugerah PT Jakarta PT Usaha
PT Berkah Renewable PT Arjuna
Niaga Krida Tank Era Pratama
Buana Energi Energi Utama Kimia
Indonesia Retailindo Terminal Nusantara
Nusantara
51,00% 50,10% 99,99% 99,99%
PT Anugerah PT Aneka 60,00% 40,00%
PT AKR Sea PT Anugrah
Kimia Petroindo
Transport PT Berkah Karya Raya
Indonesia Raya PT Berlian
Kawasan
Manyar
Manyar
Sejahtera
Sejahtera
50,10% 99,90%
PT
PT AKR
Dirgantara
Transportasi
Petroindo
Indonesia
Raya
80,00% 99,99%
PT Anugerah PT Usaha
Lubrindo Era Pratama
Raya Nusantara
99,90% 99,99%
PT Anugerah
PT Terminal
Lubrindo
Energi Primer
Batam
100,00% 99,99%
Lubrindo
PT
Shipping
Andahanesa
Services Pte
Abadi
Ltd
99,99% 60,00%
PT Berkah
PT Terminal
Bunker
Nilam Utara
Service
99,99%
PT Anugerah
Kreasi
Pratama
Indonesia
Our Joint Venture
PT Berkah Kawasan
PT Anugerah Kimia Indonesia PT Jakarta Tank Terminal PT Aneka Petro Indo Raya
Manyar Sejahtera
PT Berlian Manyar Sejahtera PT Dirgantara Petroindo Raya
PT Anugerah Lubrindo Raya
Annual Report 2025
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99
Subsidiaries and
Associated Entities
Company Profile
Year of Total
AKR
Subsidiary Operating Com- Year of Assets
Line of Business Address Ownership
Entity Status mence- Investment 2025
(%)
ment (Rp million)
Direct Ownership
PT Usaha
Loading and
Era Pratama Surabaya,
unloading of cargo 99.99% Operational 2000 2000 13,077,498
Nusantara East Java
to and from vessels
(UEPN)
PT Andahanesa
West
Abadi Logistics Services 99.99% Operational 1982 2007/1982 558,650
Jakarta
(Andahanesa)
PT Arjuna
Adhesive Surabaya,
Utama Kimia 99.96% Operational 1976 1996/1976 335,507
Manufacturing East Java
(Aruki)
PT Anugrah
Coal Mining and West
Karya Raya 99.99% Operational 2011 2009 710
Trading Jakarta
(Anugrah)
Tank Storage
Terminal
Operations
PT Jakarta Tank (including North
51.00% Operational 2010 2005 1,349,634
Terminal (JTT) management and Jakarta
leasing of fuel
storage tanks and
related products)
Domestic
PT AKR Sea Shipping (Marine West
99.99% Operational 2013 2011 938,602
Transport (AST) Transportation Jakarta
Services)
PT AKR Niaga Basic Chemical West
99.99% Operational 2013 2012 106,315
Indonesia (ANI) Trading Jakarta
Logistics
PT AKR
Services (Land West
Transportasi 99.90% Operational 2013 2013 325,244
Transportation Jakarta
Indonesia (ATI)
Services)
PT Anugerah
Krida West
General Trading 99.99% Operational 2018 2016 2,212,100
Retailindo Jakarta
(AKRIDA)
PT Berkah
Gas Trading & West
Buana Energi 65.00% Operational 2025 2021 102,427
Distribution Jakarta
(BBE)
Power Generation,
PT Berkah
Operation,
Renewable
Construction, Gresik, East
Energi 99.97% Operational - 2024 32,090
and Electrical Java
Nusantara
Installation
(BREN)
Services
PT Terminal
Energy Logistics Gresik, East Not Yet
Energi Primer 99.99% - 2024 26,095
Services Java Operational
(TEP)
Annual Report 2025
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100
Year of Total
AKR
Subsidiary Operating Com- Year of Assets
Line of Business Address Ownership
Entity Status mence- Investment 2025
(%)
ment (Rp million)
Chemical
Petroleum Basic Chemical
International and Petroleum Singapore 100.00% Operational 2024 2024 186,808
Trading PTE. Trading
LTD
Indirect Ownership through PT Usaha Era Pratama Nusantara (UEPN)
PT Berkah
Kawasan
Gresik, East
Manyar Industrial Estate 60.00 Operational 2015 2012 12,556,694
Java
Sejahtera
(BKMS)
PT Berlian
Gresik, East
Manyar Port Area 40.00 Operational 2015 2002 2.218.117
Java
Sejahtera
Indirect Ownership through PT Andahanesa Abadi
PT Terminal
Surabaya,
Nilam Utara Logistics Services 60.00 Operational 2018 2013 337,717
East Java
(TNU)
PT Anugerah
Kreasi Pratama Warehousing and Gresik, East
99.99 Operational 2025 2023 208,954
Indonesia Storage Java
(AKPI)
PT Krida Jasa West Not Yet
Logistics Services 99.80 - 2023 434
Utama (KJU) Jakarta Operational
Indirect Ownership through PT Anugerah Krida Retailindo (AKRIDA)
PT Aneka
Retail Petroleum West
Petroindo Raya 50.10 Operational 2018 2017 1,984,248
Marketing Jakarta
(APR)
PT Dirgantara Airport-Related
West
Petroindo Raya Services Trading in 50.10 Operational 2019 2017 98,937
Jakarta
(DPR) Indonesia
PT Anugerah
Lubricant West
Lubrindo Raya 80.00 Operational 2019 2019 108,404
Marketing Jakarta
(ALR)
PT Berkah
North Not Yet
Bunker Service Seaport Services 99.99 - 2023 18,996
Jakarta Operational
(BBS)
Indirect Ownership through PT Anugerah Lubrindo Raya (ALR)
PT Anugerah
Lubricant West
Lubrindo 99.90 Operational 2019 2019 5,172
Marketing Jakarta
Batam (ALB)
Lubrindo
Shipping General Trading of
Singapore 100.00 Operational 2019 2019 1,143
Services Pte, Lubricants
Ltd (LSS)
Through PT AKR Niaga Indonesia
Wholesale Trading
PT Anugerah
of Basic Chemical West
Kimia 51.00 Operational 2021 2020 105,277
Goods and Jakarta
Indonesia (AKI)
Materials
Annual Report 2025
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101
Public
Accounting Firm
Company Profile
An independent external public accounting firm, Purwanto The Public Accounting Firm and the Public Accountant
Susanti dan Surja (formerly known as PAF Purwantono, provide an opinion on the fairness of the presentation of the
Sungkoro & Surja), and signing partner Feniwati Chendana, Company’s Financial Statements in accordance with the
CPA has been appointed to audit the Company’s consolidated Financial Accounting Standards applicable in Indonesia. In
financial statements for the year ended 31 December 2025. performing the audit, the appointed Public Accounting Firm
This appointment was made in accordance with POJK No. 9 acts independently and free from any conflict of interest in
of 2023 concerning the Use of Public Accountants and Public order to ensure the objectivity and quality of the audit results.
Accounting Firm Services in Financial Services Activities and The Audit Committee, together with the Internal Audit Unit,
the resolution of the Annual General Meeting of Shareholders oversees the external audit process, ensures compliance with
dated 28 April 2025, based on the recommendation of the applicable regulations, and evaluates the quality of the audit
Board of Commissioners and the Audit Committee. execution.
Mechanism for the Appointment of a Public Accountant
The mechanism for the appointment of a Public Accountant 3. The Board of Commissioners grants approval for the
implemented by the Company is as follows: appointment of the Public Accounting Firm to perform the
1. The Audit Committee conducts an evaluation of the Public audit of the Company’s Consolidated Financial Statements
Accountant and Public Accounting Firm. for the 2025 financial year.
2. The procurement of Public Accounting Firm services for the 4. The Board of Commissioners proposes the appointment of
2025 financial year is reported by the Audit Committee to the Public Accounting Firm to the 2025 General Meeting of
the Board of Commissioners. Shareholders (GMS) for approval.
Public Accounting Firm and Public Accountant over the Last 5 Years
The appointment of the Public Accounting Firm Purwanto 2025. Information on the Public Accounting Firm and the
Susanti dan Surja was based on the resolution of the Annual Public Accountant that have conducted the audit over the last
GMS as set forth in Deed No. 16 dated 28 April 2025, to 5 (five) years is presented as follows:
conduct the audit for the financial year ended 31 December
Financial Year Public Accounting Firm Name of Public Accountant Fees (Full Rupiah Amount)
2025 KAP Purwanto Susanti dan Surja Feniwati Chendana, CPA Rp1,775,000,000
2024 KAP Purwantono, Sungkoro & Surja Benyanto Suherman Rp1,700,000,000
2023 KAP Purwantono, Sungkoro & Surja Benyanto Suherman Rp1,460,000,000
2022 KAP Purwantono, Sungkoro & Surja Feniwati Chendana, CPA Rp1,390,000,000
2021 KAP Purwantono, Sungkoro & Surja Feniwati Chendana, CPA Rp1,390,000,000
Other Services Provided
For 2025, Purwanto Susanti dan Surja also provided agreed-upon services related to the Report on the Implementation of the
Prudential Principle in the Management of Foreign Debt of Non-Bank Corporations (KPPK Report). The fee incurred for these
services amounted to Rp190 million.
Annual Report 2025
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102
Capital Market Supporting
Institutions and Professions
Assignment
Name of Institution/Profession Address Services Provided
Period
Share Registrar
PT Raya Saham Registra Plaza Central Building, 2nd Floor, Share Administration 2025
Jl. Jend. Sudirman Kav. 47-48 Services
Jakarta 12930 021-2525666
021-2525028 usi@registra.co.id
www.registra.co.id
Legal Consultant
Makes & Partners Law Firm Batavia Tower 7th Floor Legal Advisory Services 2025
Jl. K.H. Mas Mansyur Kav.126,
Jakarta 10220, Indonesia
021-574-7181
021-574-7180
makes@makeslaw.com
www.makeslaw.com
Notary
Kantor Notaris Aryanti Artisari, S.H., M.Kn Sudirman Tower 18th Floor, Minutes of the 2025 2025
Jl. Jend Sudirman Kav. 60, Annual General Meeting of
South Jakarta Shareholders of AKR
021 – 5204778
Share and Securities Trading Information
PT Bursa Efek Indonesia Indonesia Stock Exchange Share Listing 2025
Building, 1st Tower
Jl. Jend. Sudirman Kav 52-53
South Jakarta 12190, Indonesia
0800-100-9000 (Free)
Annual Report 2025
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103
Company Profile
Annual Report 2025
Page 106
104
Company
Website
As an effective communication channel for shareholders, The Company continues to enhance the quality and
customers, the public, the government, and other functionality of its website to improve accessibility
stakeholders, information is disclosed in a transparent and user convenience, and information is updated on
and informative manner through the Company’s official a regular basis to enable stakeholders to obtain the
website at www.akr.co.id in accordance with Financial latest information on the Company and its products. All
Services Authority (OJK) Regulation No. 8/POJK.04/2015 information is presented in Indonesian and English with a
concerning the Websites of Issuers or Public Companies. clear structure and comprehensive coverage of various
aspects of the Company, including:
Company • Company History GCG • Corporate Governance Report
Information / • Business Structure • Guidelines for the Board of
Profile • Profiles of the Board of Commissioners and the Board
Commissioners and the Board of Directors
of Directors • Company Policies
• Company Values • Company Secretary
• Messages from the President • Audit Committee
Commissioner and the • Internal Audit
President Director • Articles of Association
• Auditor Information • Audit Committee Charter
• Audit Committee Profile • Nomination and Remuneration
Committee Charter
Core Business • Trading and Distribution of
• Internal Audit Charter
Basic Chemicals
• Code of Conduct
• Trading and Distribution of
• Company Policies
Industrial Petroleum
(Risk Management,
• Lubricants
Anti-Corruption,
• Logistics
Supplier Selection, and
• JIIPE
Creditors’ Rights)
Investors • Investor Contact • ASEAN Corporate
• Stock Information Governance Scorecard
• Shareholder Information • Whistleblowing System
• Dividend Information
Joint Venture • bp - AKR Retail
• Event Calendar
• Air bp - AKR
• Annual and Quarterly Report
• JIIPE
• Sustainability Report
• JTT
• Quarterly Financial
Statements ESG • Environmental Conservation
• Corporate Presentations • SHE
• Latest News on AKR • Social and Community
• Public Expose Development
• Analyst Coverage and • CSR Activities
Recommendations • Customers
• Information Disclosure on
Others • Subsidiaries
Shareholders, GMS, and
• Awards
EGMS
• Microsite HR Department
• Microsite Retail
Annual Report 2025
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105
The AKR website also provides a variety of other relevant information to support the needs of stakeholders, including:
Company Profile
Availability on
Description Remarks
the AKR Website
Information on Shareholders Available https://www.akr.co.id/shareholding-information
up to the Ultimate Individual
Beneficial Owner
Group Structure Available https://www.akr.co.id/business-structure
Contents of the Code of Available https://www.akr.co.id/gcg/charter-policies/code-of-
Conduct conduct-2
General Meeting of Available https://www.akr.co.id/shareholders-agm-eogm
Shareholders (GMS)
Annual Financial Statements Available https://www.akr.co.id/quarterly-financial-report
Profiles of the Board of Available https://www.akr.co.id/board-of-commissioners-directors
Commissioners and the
Board of Directors
Charters of the Board of Available https://www.akr.co.id/gcg/charter-policies/guideline-for-
Commissioners, Board of bod-boc
Directors, Committees, and https://www.akr.co.id/gcg/charter-policies/audit-
Internal Audit Unit committee- charter
https://www.akr.co.id/gcg/charter-policies/nomination-
remuneration-charter
https://www.akr.co.id/gcg/charter-policies/ internal-audit-
charter
Whistleblowing system Available https://www.akr.co.id/gcg/charter-policies/ whistleblowing-
system- anti-corruption-policy
https://wbs.akr.co.id/
Annual Report 2025
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106
Operational Areas and
List of Office Addresses
Head Office
PT AKR Corporindo Tbk
AKR Tower 26th Floor
Jl. Panjang No.5, Kebon Jeruk
Jakarta Barat 11530, Indonesia
Telp : +62 21 531 1110
Fax : +62 21 531 1388, 531 1185
Branch/Representative Offices
West Region East Region
BANDUNG BALI
Jl. Industri Cimareme V Benoa Port Complex
No. 5 Cimerang Padalarang, Jl. Ikan Tuna I, Benoa Port
West Bandung Regency, Pesanggaran, South Denpasar, 80222, Bali
West Java, 40553, Indonesia Phone : +62 361 720743, 720563
Phone : +62 22 686 5000 Fax : +62 361 720563
Fax : +62 22 686 4649
SEMARANG BALIKPAPAN
Panin Bank Tower, 4th Floor BRI Building, 5th Floor,
Jl. Pandanaran, No. 6-8 Jl. Jend. Sudirman No. 40,
Miroto, Pekunden, Central Semarang, Balikpapan, East Kalimantan, 76112
Semarang City, 50134 Phone : +62 542 736771
Phone : +62 24 351 2132
LAMPUNG BANJARMASIN
Jl. Sumatera, Pelindo II Complex New Martapura Gate, Pelindo III Trisakti Area,
Panjang Branch, Basirih Village, West Banjarmasin Subdistrict
Next to Pertamina Lampung 35241, Indonesia Banjarmasin City, South Kalimantan Province 70245
Phone : +62 721 343100, 343200 Phone : +62 511 442 3279
Fax : +62 721 343333 Fax : +62 511 442 3289
MEDAN MANADO
Jl. Road 3 Gabion (Next to Semen Padang) Grand Kawanua Novotel Manado, 3rd Floor,
Medan Belawan, 20413 Jl. AA Maramis - Kayuwatu /
Phone : +62 61 6944090, 6945353 Kairagi II Manado 95254,
North Sulawesi
Phone : +62 431 818 911-12
PALEMBANG SURABAYA
Jl. Belabak 36A/ 3 Ilir Jl. Sumatera No. 51-53
Palembang 30116, Indonesia Surabaya 60281, Indonesia
Phone : +62 711 717645 Phone : +62 31 503 4871/72
Fax : +62 711 710072 Fax : +62 31 328 4726
PONTIANAK MOROWALI
Jl. Raya Wajok Hilir km 16, Wajok Hilir Village, Jl. Wolter Monginsidi KM 4
Jongkat Subdistrict, Mempawah Regency, Paceda Village, Madidir Subdistrict, Bitung City,
West Kalimantan, 78111 North Sulawesi, Indonesia
Phone : +62 561 763771 Phone : +62 438 2230733
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Company Profile
Terminals / Transportation / Warehousing
West Region East Region
TANJUNG PRIOK STAGEN
Jl. Aceh, Tanjung Priok Port, Pelindo III Port Complex,
Post Office E, Next to PT. Bimoli, Stagen Village, North Pulau Laut Subdistrict,
North Jakarta, Indonesia Kota Baru Regency,
Phone : +62 21 4372318 South Kalimantan, 72151, Indonesia
Fax : +62 21 43930017 Phone : +62 518 607 2372
CIWANDAN MARGOMULYO
Jl. Pelindo II Ciwandan, Jl. Raya Margomulyo, No. 44
Cilegon, Banten, Suri Mulia Permai Warehouse Complex, Lot A 6-8,
Phone : +62 254 602088/87 Tambak Sarioso Village, Asemrowo Subdistrict,
Fax : +62 251 602130, 602132 Surabaya City, 7491041
Phone : +62 31 749 1041
Fax : +62 31 749 1045, 748 2241
MARUNDA 1
www.akr.co.id EAST NILAM
Jl. Ambon, Block A1, No. 5, 6, 7 AKR I Terminal, Jl. Nilam Timur, No. 21,
KBN Marunda, North Jakarta, Indonesia Perak Utara Village, Pabean Cantian Subdistrict
Phone : +62 21 440 6570 Surabaya City, Indonesia
Fax : +62 21 440 6571 Phone : +62 31 328 2965, 329 1979
Fax : +62 31 329 1977
MARUNDA 2 NORTH NILAM
Jl. Semarang, Block A6, No. 2 AKR II Terminal II Jl. Nilam Utara,
KBN Marunda, North Jakarta, Indonesia Perak Utara Village, Pabean Cantian Subdistrict,
Phone : +62 21 441 5979 Surabaya City, Indonesia
Phone : +62 31 329 5008
Fax : +62 31 329 2252
MEDAN 1 PALARAN
Jl. Anggada 1, Pelabuhan Ujung Baru Jl. Trikora RT 25, Yellow Bridge,
Belawan, Medan 20411, Handil Bakti Village, Palaran, Samarinda,
Indonesia East Kalimantan, Indonesia
Phone : +62 694 40089, 694 5425 Phone : +62 541 6522 544
Fax : +62 61 649 4268
MEDAN 2 BITUNG 1
Jl. Road III Gabion, Jl. Wolter Monginsidi KM 4
Next to Semen Padang, Paceda Village, Madidir Subdistrict, Bitung City,
Belawan, Medan 20413, Indonesia North Sulawesi, Indonesia
Phone : +62 694 4089, 694 5425 Phone : +62 438 223 0733
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LAMPUNG 1 BITUNG 2
Jl. Sumatera, Pelindo II Complex, Jl. AA Maramis No. 52, Area III,
Panjang Branch, RT 02/02, Kadoodan Village,
Next to Pertamina Lampung 35241, Indonesia Bitung Tengah Subdistrict, Bitung City,
Phone : +62 721 343100, 343200 North Sulawesi, Indonesia
Fax : +62 721 343333 Phone : +62 438 2230733
LAMPUNG 2 BALI
Bulog Soekarno Hatta Warehouse, Benoa Port Complex
Jl Tembesu V No. 5 Campang Raya, Jl. Ikan Tuna I, Benoa Port
Bandar Lampung, Pesanggaran, South Denpasar, 80222, Bali
Phone : +62 721 803 0091/92/93 Phone : +62 361 720743, 720563
Fax : +62 361 720563
SEMARANG BUNTOK
Jl. Coaster No. 16 Pelabuhan, Tanjung Mas Jl. Nanas No. 20, Muara Teweh
Semarang 50174, Indonesia North Barito Islands
Phone : +62 518 607 2372 Central Kalimantan
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BANDUNG MOROWALI TERMINAL
Jl. Industri Cimareme V Jl. Trans Sulawesi, Corridor in front of Bank Sulawesi Tengah,
No. 5 Cimerang Padalarang, Bahomotefe Village, Bungku Timur Subdistrict, Morowali,
West Bandung Regency, Central Sulawesi, 94973
West Java, 40553, Indonesia
Phone : +62 22 686 5000
Company Profile
Fax : +62 22 686 4649
PALEMBANG MOROWALI TRANSPORT
Jl. Belabak, No 36A, 3 Ilir Jl. Trans Sulawesi, Bahomotefe Village,
Palembang, 30116, Indonesia Bungku Timur Subdistrict, Morowali,
Phone : +62 711 717 645 Central Sulawesi, 94973
Phone : +62 409 223 0033
PONTIANAK BANJARMASIN TERMINAL
Jl. Raya Wajok Hilir KM 16, New Martapura Gate, Trisakti Pelindo III Area,
Wajok Hilir Village, Jongkat Subdistrict, Basirih Village, West Banjarmasin Subdistrict,
Mempawah Regency, West Kalimantan, 78111 Banjarmasin City, South Kalimantan, 70245
Phone : +62 561 763 771 Phone : +62 511 442 3279
BANJARMASIN TRANSPORT
Jl. Gubernur Soebarjo, Basiri,
Banjarmasin Barat Subdistrict,
Banjarmasin City, South Kalimantan, 70119
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04 Management Discussion and Analysis The realization of JIIPE’s investments has driven job creation and generated a multiplier effect for the East Java economy, while also contributing to the national economy. See the JIIPE performance overview on page 119-120 Supporting the seamless flow of national logistics and supply chains through integrated port, terminal, and transportation infrastructure See petroleum distribution activities on page 115–116
Page 113
Page 114
112
Economic and
Industry Overview
With extensive experience, the Company is committed to
generating economic and social value that contributes
to Indonesia’s development, through a business strategy
that focuses on sustainable value for shareholders and
stakeholders.
Global and National Economic Analysis
Despite a milder-than-expected impact, global economic the nation capitalized on by enhancing the reliability and
uncertainty persisted in 2025 due to ongoing U.S. trade efficiency of energy and raw material distribution to ensure
tensions and tariffs. These policies continued to hamper seamless industrial and trade operations.
investment and trade. Under these conditions, stable national
energy distribution—backed by robust finances and an At the national level, Indonesia recorded inflation of 2.92%,
adaptive supply chain—remained a cornerstone of domestic higher than the previous year and driven by the normalization
economic resilience. of food prices and stronger domestic demand, further
influenced by pressures in distribution and logistics. These
Global economic conditions remained resilient, as reflected conditions underscored the importance of an integrated
in the International Monetary Fund’s World Economic Outlook distribution system in maintaining national supply availability.
(January 2026), which projected growth of 3.3% in 2025. This
was slightly higher than the 3.2% projection issued in October Despite rising cost pressures, inflation remained within
2025, supported by stable global demand and relatively Bank Indonesia’s target range, reflecting effective policy
conducive financial conditions, although geopolitical risks coordination. The continuity of energy distribution remained a
and trade fragmentation remain key challenges ahead. In key supporting factor. AKR contributed to maintaining supply
response, strengthening the domestic foundation through chain efficiency and ensuring supply certainty. According to
logistics infrastructure development and reliable industrial Statistics Indonesia, the Indonesian economy grew by 5.11% in
supply became a key focus of the Company. 2025, higher than the 2024 achievement, supported by Gross
Domestic Product (GDP) of Rp23,821.1 trillion. The Company
Global inflation was projected to ease to approximately 4.2% contributed to supply chain efficiency and price certainty
in 2025, with price stability in the U.S. and low inflation in China as its energy distribution and industrial estate development
driving a 2.9% expansion in global trade. This environment further strengthened national economic resilience.
opened new export opportunities for Indonesia, which
Industry Analysis and the Company’s Position within the Industry
The global oil industry remained dynamic in 2025, driven by From April to May 2025, the ICP declined from USD65.29 to
production policies of the Organization of the Petroleum USD62.75 per barrel. Benchmark prices such as West Texas
Exporting Countries and its allies (OPEC+), energy demand, Intermediate and Brent also weakened during certain periods,
and geopolitical factors, with data on the Indonesian Crude driven by increased supply and inventory levels in the United
Price (ICP) indicating a downward trend over several months. States. These conditions underscored the need for prudent
Amid this volatility, energy supply stability became a critical and measured procurement management to maintain the
factor in supporting industrial activities and broader economic continuity of domestic supply.
and social mobility.
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After an extended period of production cuts exceeding 5 In line with sustained national investment momentum in 2025,
million barrels per day, eight major oil-exporting countries the Ministry of Investment and Downstreaming recorded
gradually increased supply. Production in July increased by total investment realization of Rp1,931.2 trillion, including
411,000 barrels per day, underscoring a commitment to regain Rp584.1 trillion in the downstream sector, further reinforcing
global market share. Indonesia’s position as a key destination for manufacturing
and commodity processing investment. Through JIIPE, the
Management Discussion and Analysis
In addition to production policies, geopolitical factors also Company, continued to develop a strong and integrated
influenced global oil prices. Easing tensions in the Middle East downstream industrial base.
and ceasefires in several conflict areas reduced geopolitical
risk pressures and market concerns over potential supply As a Special Economic Zone, JIIPE contributes significantly
disruptions from key regions such as the Arabian Gulf. In this to the Company’s revenue, particularly from utilities and
environment, AKR ensured that industrial customers continued land sales, while also attracting investment from mineral
to receive stable and well-planned energy supplies. downstreaming, metals, chemicals, and materials sectors.
The presence of strategic tenants such as copper smelters,
Prioritizing price stability, the Company adopts the Mean of glass manufacturers, and chemical plants highlights JIIPE’s
Platts Singapore as its core pricing reference to buffer against development into an integrated downstream industrial
volatility driven by geopolitical tensions, OPEC+ mandates, ecosystem, supporting the transformation of Indonesia’s
and global market shifts. This mechanism allows AKR to offer industrial structure and generating recurring income.
its partners greater cost certainty amidst a fluctuating global
landscape. Through the development of industrial estate infrastructure,
the provision of integrated utilities, and the availability of
In the distribution of petroleum and basic chemicals, the competitive industrial land, the Company’s position within
Company maintains disciplined risk management through a JIIPE further strengthens its role as an enabler of downstream
pass-through pricing model. By aligning procurement and industries within the national industrial value chain.
pricing policies, fluctuations in global oil prices and exchange
rates are passed through to customers, resulting in negligible
net open position exposure. Consequently, the Company
can prioritize operational excellence and the scale of its
nationwide distribution network.
Operational
Review
Business Segments Served by the Company
In 2025, the Company and its subsidiaries managed four 3. Manufacturing
operating segments, as follows: Production of adhesives by the Company’s Subsidiary, PT
1. Trading and Distribution Arjuna Utama Kimia (Aruki).
Distribution of petroleum products and various types of 4. Industrial Estate
basic chemicals, including caustic soda, sodium sulphate, An industrial estate segment under PT Berkah Kawasan
PVC resin, soda ash, and others. Manyar Sejahtera (BKMS), an indirect Subsidiary through
2. Services and Logistics UEPN, representing the JIIPE project in Gresik developed in
Provision of a range of logistics services, including storage collaboration with Pelindo.
tank and warehouse leasing, packaging, loading and
unloading, and transportation services, primarily for liquid
and solid chemical products across Indonesia as well as
petroleum products.
Number and Contribution of Operating Segments to Consolidated Sales and Revenue
in Billions of Rupiah
2025 2024 Growth (Decline)
Description
Amount Contribution (%) Amount Contribution (%) Amount Percentage (%)
Trading and
41,314 90% 35,532 92% 5,782 16%
Distribution
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2025 2024 Growth (Decline)
Description
Amount Contribution (%) Amount Contribution (%) Amount Percentage (%)
Logistics Services 1,499 3% 1,165 3% 334 29%
Manufacturing 464 1% 652 2% (187) -29%
Industrial Estate 2,741 6% 1,381 4% 1,361 99%
Total Consolidated
46,018 100% 38,729 100% 7,289 19%
Sales and Revenue
The largest contribution to sales and revenue was generated Logistics Services contributed 3% of total revenue, amounting
by the Trading and Distribution segment. Stable sales of to Rp1,499 billion, with increased performance of 29%
petroleum and basic chemicals drove segment growth and driven by higher port and transportation activities, and the
overall performance. In 2025, the Trading and Distribution optimization of synergies with related parties strengthening
segment contributed 90% or Rp41,314 billion. volume and service efficiency.
With rapid development of tenant operations and utilities Manufacturing recorded revenue of Rp464 billion, declining
at JIIPE, the industrial estate segment recorded significant by 29% from Rp652 billion, and contributing 1% to total sales
growth, reaching Rp2,741 billion, an increase of 99% compared and revenue in 2025, with the decrease primarily due to
to Rp1,381 billion in the previous year, and contributing 6% to adjustments in adhesive production volumes and shifts in
the Company’s total sales and revenue. An emerging JIIPE market demand.
ecosystem, including copper refining, chemicals, as well as
glass and renewable energy industries, has supported the Overall, the Company’s revenue composition in 2025
growth of utility-related income. continued to be supported by the Trading and Distribution
segment as the primary contributor. At the same time, the
Industrial Estate segment recorded increasing contributions,
in line with the Company’s long-term strategy to expand
recurring income streams and strengthen business resilience.
Business Segment
Performance
Trading and Distribution
In the trading and distribution segment, the Company
specializes in petroleum and basic chemicals, leveraging
an integrated logistics network to serve the manufacturing,
mining, energy, and transportation sectors. This unwavering Revenue by 41,314
supply reliability is critical to the continuity and long-term Product within
sustainability of national industrial operations. the Trading & 38,213
34,013
Distribution
35,532
This segment is the foundation of the Company’s Segment
31,869
performance, ensuring the availability of energy and chemicals
in Billions of Rupiah
29,934
for Indonesia’s strategic sectors, supported by efficient
supply chain management and long-term partnerships that
facilitate the smooth operations of industrial customers and
strengthen overall industrial competitiveness.
7,301
6,344
6,598
Basic Chemicals
Petroleum
2023 2024 2025
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Petroleum Products
The Company focuses on the distribution of petroleum
products without engaging in production, with all capabilities Operated under a Dealer-Owned Dealer-Operated
directed toward strengthening national energy availability. (DODO) scheme, in 2025, the Company inaugurated
Through integrated supply chain management, a reliable, the bp Asterra West service station located in BSD City,
Management Discussion and Analysis
safe, and timely supply supports industrial and transportation South Tangerang, following a strategic partnership with
activities, and reinforces Indonesia’s energy resilience. Sinar Mas Land. This addition reflects a commitment to
expanding the network and developing a presence in the
Petroleum distribution activities include: national retail energy sector.
1. Non-subsidized biodiesel for industrial use
2. Subsidized biodiesel for retail customers in accordance
with quotas set by the Downstream Oil and Gas Regulatory
Agency (BPH Migas)
3. Non-subsidized retail fuel and non-fuel services for retail
customers
4. Aviation fuel
This range of services expands energy access across diverse
industrial segments while solidifying AKR’s position within
the national supply chain. Our targeted, reliable, and efficient In line with its retail network expansion strategy, including the
distribution network ensures operational continuity for our partnership with bp, access to high-quality fuel has expanded
customers and reinforces our contribution to Indonesia’s across various cities. As of 2025, 72 service stations operate
strategic sectors, ultimately creating long-term value for nationwide, serving customers in Jabodetabek, Surabaya,
stakeholders. Gresik, Malang, and toll road rest areas. Overall, the Company
operates 176 outlets across Indonesia. This modern retail
The Company’s key strength lies in its integrated, nationwide infrastructure contributes to improved service standards
logistics infrastructure, where a network of ports, storage and an expanded customer base, while strengthening the
terminals, and modern transportation fleets operates within resilience of the national energy distribution system.
a coordinated system, enabling efficient distribution across
the archipelago. With extensive reach and strong operational
capacity, supply continuity is delivered through a strategic
role in expanding equitable energy access and supporting
sustainable growth.
Petroleum
Sales
34,013
Competitive advantage is further improved through
integrated information technology systems, with real-time in Billions of Rupiah
monitoring from terminal to nozzle enhances accuracy,
transparency, and operational control. The resulting data
31,869
supports timely and precise decision-making, improving
responsiveness to evolving market demand while maintaining
28,934
consistent supply reliability and strengthening the Company’s
role in safeguarding national energy distribution stability.
In risk management, the Company applies a disciplined
business model through a zero net open position approach.
Price and foreign exchange fluctuations are mitigated through
2023 2024 2025
measured commercial policies. This approach supports
financial stability and ensures uninterrupted distribution, even
amid global energy market volatility. At end of 2025, the Company had recorded petroleum sales
of Rp34,013 billion, representing an 18% increase compared
The Company plays an active role in implementing the B40 to Rp28,934 billion in 2024, primarily driven by higher sales
biodiesel mandate, effective January 1, 2025. This initiative volumes and the expansion of the distribution network.
builds on previous biodiesel programs designed to curb fuel
import dependency, bolster value creation in the agricultural
sector, and drive national economic growth. This commitment
directly supports Indonesia’s energy sovereignty and its goal
of achieving net-zero emissions by 2060.
As an appointed entity under the Assignment for the Provision
and Distribution of Certain Types of Fuel (P3JBT), subsidized
diesel is distributed accurately to eligible recipients,
supported by integrated digital systems that enhance
accountability and comprehensive oversight, enabling greater
transparency throughout the process while strengthening
public trust and reaffirming the Company’s strategic role in
maintaining stable energy supply for eligible communities.
.
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Basic Chemicals
Operating as a distribution-led segment, the Company
leverages an integrated, nationwide supply chain to ensure Manufacturing
the consistent availability of industrial raw materials. As a Segment
652
premier distributor for global chemical producers, we provide Revenue
a reliable and continuous supply that underpins Indonesia’s
in Billions of Rupiah
industrialization and downstream development.
558
The basic chemicals distributed by the Company are integral
to the manufacturing value chain, supporting diverse
464
industries such as nickel, textiles, pulp and paper, fertilizers,
and pharmaceuticals. By ensuring consistent raw material
availability, the Company drives domestic value creation and
underscores its pivotal role in advancing the transformation of
Indonesia’s industrial landscape.
2023 2024 2025
In 2025, the Company’s manufacturing revenue declined
by 29%, falling from Rp652 billion in 2024 to Rp464 billion.
This was largely attributed to softer demand for Aruki’s
Basic Chemicals adhesive products, exacerbated by global trade dynamics.
Sales International tariffs and trade barriers disrupted supply chains
7,301
and export activities, prompting end-users—particularly in the
in Billions of Rupiah
wood and paper sectors—to scale back production volumes
and optimize inventory levels.
6,598
In response to these conditions, the Company, through
its subsidiary Aruki implemented selective production
management and strengthened operational efficiency to
6,344
maintain the sustainability of its manufacturing segment amid
global trade uncertainty.
2023 2024 2025 Logistics Services
The logistics segment operates across Indonesia’s major
Basic chemicals sales of Rp7,301 billion in 2025 represented ports, leveraging an integrated infrastructure to provide end-
an increase of 11% from Rp6,598 billion in the previous year, to-end services, including port operations, transportation,
mainly driven by stronger demand from industrial sectors tank storage, and warehousing. These are underpinned by an
alongside the expansion of the Company’s customer base. integrated digital ecosystem that drives process efficiency
while strengthening operational safety and reliability. With
technology-driven monitoring, inventory levels and cargo
Manufacturing movements are tracked in real time, minimizing risk and
enhancing storage security.
Through its subsidiary Aruki, located in Surabaya, the
Company produces wood adhesive for the wood and paper The Company provides tank leasing services for liquid
industries with a production capacity of up to 100,000 bulk products, including Crude Palm Oil (CPO) and liquid
MT. In its commitment to sustainable business practices, chemicals, as well as warehouse leasing for dry bulk products
Aruki operates with international standards through the ISO such as basic chemicals, sugar, fertilizers, and animal feed,
9001:2015 Quality Management System and ISO 14001:2004 with leasing activities conducted under long-term contracts
Environmental Management System. to ensure service reliability for customers.
In addition to leasing, port-related services include port
handling, customs clearance, loading and unloading
using Harbor Mobile Cranes, warehousing, trucking, and
bagging, with operations located in Medan, Surabaya,
Semarang, and Jakarta, all integrated within a unified digital
platform that enhances visibility, operational efficiency, and
workplace safety.
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Through PT Jakarta Tank Terminal, located in Tanjung Priok, JIIPE offers world-class, reliable utilities tailored for large-
Jakarta, tank terminal leasing services for petroleum storage scale and export-led industries within its technology-
offer a capacity of 350,000 cbm, where one of the largest focused Special Economic Zone. With one of the world’s
privately owned tank terminals in Indonesia is equipped with a largest copper smelters as an anchor tenant, the estate is a
jetty and subsea pipelines to support seamless operations cornerstone of Indonesia’s downstream industrial strategy. By
combining robust infrastructure with direct port connectivity,
Management Discussion and Analysis
JIIPE provides the operational certainty required to compete
Logistics Infrastructure Capacity on a global scale.
Detailed logistics infrastructure capacity in Indonesia is
presented in the Logistics Infrastructure Network section in
the Introduction of this Annual Report.
JIIPE Special
Economic Zone
2,741
1,499 Revenue
Logistics
103 332
in Billions of Rupiah
Services
2,323
Segment 1,165
Revenue
63 289
in Billions of Rupiah 994
1,381
75 280
1.064
813
639
2023 2024 2025
Port Operations
and Transportation
Storage Services By the end of 2025, revenue from JIIPE had reached Rp2,741
Others billion, or a 99% compared to Rp1,381 billion in 2024,
2023 2024 2025 comprising:
1. Industrial land sales of Rp1,820 billion
2. Industrial land lease income of Rp194 billion
Logistics revenue in 2025 reached Rp1,499 billion, an increase 3. Utility services (recurring income) of Rp727 billion
of 29% compared to Rp1,165 billion in 2024, primarily driven by
higher port operations, transportation activities, and storage The improvement of industrial estate performance in 2025
services that highlights improved capacity use and a stronger was driven by a 107% increase in land sales and a 129% rise in
logistics business performance. utility revenue, in line with higher operational activity from key
tenants, This reflects the growing contribution of recurring
Revenue composition of the logistics services segment utility income within the revenue structure of the JIIPE industrial
consisted of port operations and contributed Rp1,064 billion, estate, strengthening the quality and sustainability of the
with storage services at Rp332 billion, and other services Company’s earnings.
at Rp103 billion, and all segments generally recording an
improvement compared to the previous year. Located approximately 24 kilometers from Surabaya, JIIPE
benefits from a strategic geo-economic position along
Indonesia’s main trade routes, where the integration of
JIIPE Industrial Estate logistics centers, bonded facilities, and port infrastructure
enables faster and more efficient cargo flows, supporting
JIIPE a 3,000-hectare integrated industrial estate directly national targets to reduce logistics costs while strengthening
connected to a deep-sea port, is a collaboration between connectivity with international trade networks. This
the Company and Pelindo that integrates an industrial, combination of land and sea infrastructure positions JIIPE as a
multipurpose port with commercial and residential areas in a leading industrial hub in the Asia-Pacific region.
single integrated ecosystem. Direct connectivity significantly
reduces logistics costs, minimizing double handling and
vessel waiting time, enabling tenants to achieve competitive
transportation and distribution efficiency for both domestic
and export markets.
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Easy Access Creates Low Logistic Costs
JIIPE is strategically located at the entrance of the Madura Strait,
a key shipping lane connecting Surabaya with the Java Sea. Its
integrated port is set to become the deepest in East Java, with a
depth of -16 LWS. Equipped with four berths and a combined quay
length of 6,200 meters, the port is capable of accommodating
large bulk carriers of up to 100,000 DWT. This multimodal
connectivity ensures an efficient and seamless supply chain flow at
competitive costs.
JIIPE operates as a Special Economic Zone (SEZ) under At the end of 2025, JIIPE hosted 33 active tenants across
Government Regulation No. 71 of 2021, with its operational various strategic sectors, with industrial clusters including
status officially ratified by the Coordinating Minister for metals, electronics, chemicals, and energy, as well as logistics
Economic Affairs via Decree No. 1 of 2022. This regulatory and port services. In 2025, the estate recorded land sales of
framework offers a robust array of incentives, including 84 hectares, bringing the cumulative total of sold and leased
tax holidays and streamlined customs procedures. By land to 466 hectares since the commencement of operations.
providing integrated one-stop licensing, JIIPE enhances the These investments have contributed to the creation of
ease of doing business, effectively driving the realization thousands of direct and indirect jobs, while the integrated
of downstream manufacturing projects and strengthening industrial ecosystem and competitive logistics costs position
Indonesia’s competitive standing in the global market. JIIPE as a key catalyst for national economic growth and
industrialization.
Tenants in the JIIPE Industrial Estate
Freeport Cooper Smelter & PMR Xinyi Glass Factory Xinyi Solar Indonesia Hailiang Nova Material
AKR Corp-Tank Storage Nippon Sari Roti Bread Factory Unichem Salt Factory Clariant Specialty Chemical
Bank Indonesia Cash Depot &
Fertilizer Inti Tech Fertilizer Adhimix Precast Cahaya Maju Lestari Castor Oil Data Centre
Waskita Beton-Precast
Hebang Biotechnology Indonesia Golden Elephant Aneka Tambang
Rodamas Pangansari Utama-Food Sumberbaja Sejati Light
Steel Manufacturer Tirtamas-Warehouse BJTI-Port Services
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Utilities 4. Digital Infrastructure & 24/7 Security
The estate is equipped with fiber optic broadband
As an integrated industrial estate, JIIPE goes beyond land infrastructure in collaboration with national
provision to cultivate a comprehensive industrial ecosystem. telecommunications providers, supporting smart
JIIPE bolsters tenant competitiveness through the delivery manufacturing, automation, and integration of tenant
of reliable, efficient, and sustainable world-class utilities. By Enterprise Resource Planning (ERP) systems.
seamlessly integrating our infrastructure with a deep-sea
port, the estate ensures uninterrupted operations backed by Infrastructure strengthening is complemented by
Management Discussion and Analysis
global quality standards and long-term supply certainty. enhanced digital-based operational services, including
the launch of the Immigration Stay Permit and Information
The following strategic utility foundations support tenant Service Unit (ULITIK) in November 2025, as well as the pilot
competitiveness: implementation of the Customs Auto Gate System within
1. Reliable Energy up to 515 MW: Ensuring Production the bonded area to accelerate logistics flows. As of 2025,
Certainty JIIPE also has a sector-level police office with potential
JIIPE holds a license for gas-based power generation for expansion to a higher jurisdiction level that improves
and distribution of up to 515 MW, positioning it among security within the estate.
the largest industrial energy capacities in Indonesia,
with gas supplied through direct pipeline networks from To ensure operational security, the estate is supported by
Perusahaan Gas Negara to ensure pressure stability and integrated facilities and systems, including:
continuous energy supply for energy-intensive industries a. A 24/7 on-site fire response team to ensure rapid
such as smelters, chemicals, and heavy manufacturing. response to potential risks
b. An integrated area security system that monitors
As a system reinforcement, Perusahaan Listrik Negara activities comprehensively
provides support of up to 500 MVA, including the c. Standardized industrial emergency response protocols
realization of 40 MVA high-voltage electricity in the third to ensure operational continuity
quarter of 2025, thereby creating a redundancy system
that minimizes downtime risk and enhances tenant JIIPE’s Unique Connectivity Model
operational reliability. JIIPE’s connectivity model is aligned with Indonesia’s
archipelagic characteristics, integrating sea, land, and air
From a sustainability perspective, the estate operates a transportation networks. The port is managed by PT Berlian
400 kWp solar power plant (2025), capable of: Manyar Sejahtera (BMS), which holds a concession from the
a. Annual energy savings of 483,917 kWh Ministry of Transportation to provide port services at Terminal
b. Reduction of 451,978 kg CO₂ emissions per year Manyar, Gresik Port, East Java, through 2094.
c. Equivalent to planting 5,671 trees over 10 years
d. Equivalent to saving 126,236 litres of gasoline per year Services include multi-service port and logistics solutions
covering cargo handling, container services, vehicle handling,
This initiative strengthens tenants’ ability to meet general cargo, container yard operations, multipurpose
global ESG standards and international supply chain terminals, fisheries industry support, liquid and bulk cargo
requirements. handling, bonded logistics centers, and offshore maintenance
2. Independent Water System: 2,400 m³/day from services.
Desalination
To ensure stable and independent industrial water supply,
the estate operates a Sea Water Reverse Osmosis (SWRO) 2025 JIIPE Performance Overview
facility with a capacity of 2,400 m³ per day, ensuring
continuous availability of high-quality water, particularly for
industries requiring large volumes and strict specifications,
while enhancing water security and reducing pressure on
regional freshwater resources. Development at JIIPE continued to show significant
3. Wastewater Treatment with MBR Technology: 2,500 m³/ progress in 2025, with a number of tenants entering the
day & Water Recycling System operational phase. Realized investments have also driven
Wasted water is managed through a Wastewater Treatment job creation and generated a meaningful multiplier
Plant (WWTP) with an average capacity of 2,500 m³ per effect on the economy of East Java and at the national
day, utilizing Membrane Bio Reactor (MBR) technology level.
that is land-efficient and capable of producing water that
meets regulatory standards.
Treated water is further processed through Ultra Filtration
and Reverse Osmosis, enabling reuse by tenants. This
water recycling system provides several strategic benefits,
including:
a. Significantly improving water consumption efficiency
b. Reducing the exploitation of natural resources in a
sustainable manner
c. Lowering long-term operational costs through more
efficient water management
d. Supporting tenants in achieving environmental
certifications through sustainable water practices
e. Providing added strategic value through a closed-loop
water system, particularly for export-oriented industries
with high sustainability requirements
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JIIPE’s strategic location provides a competitive edge for The estate’s development is further reflected in the entry
Asian exports and domestic distribution alike. Located on of new industrial investments, including the allocation of
major shipping routes between East Asia, Southeast Asia, industrial land in 2025 to Golden Elephant Specialty Chemicals
and Australia, it sits adjacent to East Java’s massive industrial for the development of an environmentally friendly chemical
base—which accounts for 25% of national manufacturing facility producing melamine, nitric acid, and ammonium
output. This proximity solidifies JIIPE’s role as a premier nitrate, thereby strengthening the national chemical supply
logistics hub for the region’s most critical industrial sectors. chain and supporting downstream development based on
domestic raw materials.
The estate’s primary advantage lies in its integrated,
multimodal connectivity, with direct access to an on-site The evolving industrial ecosystem within the estate has
deep-sea port capable of accommodating large vessels created an integrated value chain across metals, chemicals,
for international trade, alongside strategic connections to and industrial materials, with strategic tenants such as
national transportation networks. PT Freeport Indonesia (copper industry), Hailiang Group
(copper foil), Golden Elephant Specialty Chemicals
Benefiting from its proximity to Tanjung Perak Port, the estate (chemicals), and Xinyi Glass Holdings (industrial glass), whose
leverages a core maritime gateway alongside direct access synergies form a high value-added industrial cluster that
to the Trans-Java toll network. This connectivity facilitates reinforces the estate’s position as a key destination for foreign
rapid distribution to key economic centers in Jakarta and direct investment in Indonesia’s strategic sectors.
throughout Java. Complemented by air cargo access via
Juanda International Airport, JIIPE offers an end-to-end Further affirming its role in supporting national downstream
logistics solution. Such comprehensive integration across development, the President of the Republic of Indonesia,
sea, land, and air creates a superior supply chain environment Prabowo Subianto, inaugurated the Precious Metal Refinery
that bolsters tenant competitiveness. (PMR) facility at JIIPE, marking a significant milestone in
the development of domestic precious metal processing,
Supported by this connectivity, JIIPE continues to record enabling greater value addition of national mineral resources
significant investment growth, with cumulative realized through domestic refining and strengthening the estate’s
investment exceeding Rp87 trillion as of the first quarter of position as a hub for strategic metal downstreaming and
2025, including foreign direct investment commitments of industrial independence.
approximately Rp10 trillion. Industrial activities within the
estate have contributed to regional economic growth in East With its unique combination of strategic positioning and
Java, which recorded investment realization of Rp74.69 trillion integrated infrastructure, JIIPE is emerging as a cornerstone
in 2025, equivalent to approximately 7.9% of total national of Indonesia’s new industrial landscape. Beyond acting
investment, while also supporting the absorption of more than as a global launchpad for manufactured exports, the SEZ
130 thousand workers at the provincial level. In recognition of functions as a strategic logistics nexus, optimizing supply
this contribution, JIIPE received second place in the Domestic chain efficiencies and strengthening distribution networks
Investment (PMDN) category from the East Java Provincial throughout the archipelago.
Government.
Business Pillar Profitability
in Billions of Rupiah
Trading and Distribution Segment
Growth
Description 2025 2024 Percentage (%)
(Decline)
Sales and Revenue 41,314 35,532 5,782 16%
Cost of Sales and Revenue 38,310 32,903 5,407 16%
Gross Profit 3,004 2,629 375 14%
Gross Profit Margin 7.3% 7.4% 0.1%
In 2025, the Company recorded gross profit from the trading stability amid increased operational activities and distribution
and distribution segment of Rp3,004 billion, representing and logistics cost dynamics. This increase in gross profit was in
an increase of Rp375 billion or 14% compared to Rp2,629 line with higher sales volumes, as well as effective supply chain
billion in 2024. The gross profit margin stood at 7.3% in 2025, management and operational cost control.
reflecting the Company’s efforts to maintain profitability
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in Billions of Rupiah
Manufacturing Segment
Growth
Description 2025 2024 Percentage (%)
(Decline)
Sales and Revenue 464 652 (188) -29%
Management Discussion and Analysis
Cost of Sales and Revenue 256 356 (100) -28%
Gross Profit 208 296 (88) -30%
Gross Profit Margin 44.8% 45.4% -0.6%
AKR recorded gross profit from its manufacturing segment of remained relatively stable at 44.8%, reflecting the resilience
Rp208 billion in 2025, representing a 30% decline compared of the Company’s cost structure and the effectiveness of
to the gross profit recorded in 2024. The gross profit margin operational control amid weakening market demand.
in Billions of Rupiah
Logistics Segment
Growth
Description 2025 2024 Percentage (%)
(Decline)
Sales and Revenue 1,499 1,165 334 29%
Cost of Sales and Revenue 1,449 1,178 271 23%
Gross Profit 49 (13) 62 N/M
Gross Profit Margin 3.3% -1.12% N/M
In the logistics segment, gross profit in 2025 amounted to 3.3%, indicating performance recovery and strengthened
Rp49 billion, an increase of Rp62 billion compared to Rp13 profitability, supported by capacity optimization and
billion in 2024. This reflects higher distribution volumes and operational synergies.
improved cost efficiency. Gross profit margin increased to
in Billions of Rupiah
Industrial Estate Segment
Growth
Description 2025 2024 Percentage (%)
(Decline)
Sales and Revenue 2,741 1,381 1,360 98%
Cost of Sales and Revenue 1,905 783 1,122 143%
Gross Profit 836 597 239 40%
Gross Profit Margin 30.5% 43.3% 12.8%
In 2025, AKR recorded gross profit from the industrial estate increased operational activities within the estate, as well
segment of Rp836 billion, an increase of 40% compared as the growing contribution of recurring utility and service
to 2024. Gross profit margin adjusted to 30.5% in line with income within the segment’s revenue structure.
Annual Report 2025
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Financial
Review
The review of the Company’s financial performance is The Consolidated Financial Statements have been prepared
prepared based on the Audited Consolidated Financial in accordance with Financial Accounting Standards (SAK)
Statements of PT AKR Corporindo Tbk and its Subsidiaries for applicable in Indonesia, comprising Statements of Financial
the years ended 31 December 2025 and 2024. The financial Accounting Standards (PSAK) and Interpretations of
statements have been audited by the Public Accounting Firm Financial Accounting Standards (ISAK) issued by the Financial
Purwanto Susanti dan Surja (a member firm of Ernst & Young Accounting Standards Board of the Indonesian Institute of
Global Limited) as stated in its report dated 18 March 2026. Accountants. The Rupiah serves as the functional currency in
The Company’s Consolidated Financial Statements received the presentation of the Company’s financial statements, while
an unqualified opinion, stating that they present fairly, in all foreign currencies are translated using the exchange rates
material respects, and are in accordance with applicable prevailing at the transaction dates.
regulations.
Consolidated Statement of Financial Position
Based on the Audited Financial Statements as of 31 December Meanwhile, non-current assets also recorded an increase,
2025, the Company recorded solid performance, reflecting mainly due to the strengthening of fixed assets and long-
sustained growth and operational excellence. AKR’s net profit term investments, indicating the continued expansion and
amounted to Rp2,473 billion, representing an increase of infrastructure development of the Company. This composition
11% compared to Rp2,225 billion in 2024. This performance reflects a balance between short-term liquidity and long-term
growth was primarily driven by the stable performance of the investment to support sustainable business growth.
trading and distribution segment, as well as the activities of
various tenants operating within the JIIPE industrial estate and
the increase in utility revenues.
Assets
Total 36,562
In 2025, total assets amounted to Rp36,562 billion, Assets
13,239
representing an increase of Rp3,453 billion or 10% compared in Billions of Rupiah
33,109
to Rp33,109 billion in 2024. The increase in assets was
12,111
primarily driven by growth in current assets, particularly from 30,297
higher trade receivables and industrial estate land inventory,
12,134
reflecting improving operational activities.
23,324
20,998
18,163
Current Asstes
Non-Current Asstes
2023 2024 2025
Current Assets
in Billions of Rupiah
2025 2024
Growth Percentage
Current Assets Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Cash and Cash
6,404 27% 5,366 26% 1,038 19%
Equivalents
Trade Receivables 9,544.7 40.9% 7,563.5 36.0% 1,981.2 26%
Other Receivables 45,7 0.2% 44,3 0.2% 1,4 3%
Inventories – Net 2,601 11.2% 3,463 16% (862) -25%
Annual Report 2025
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123
2025 2024
Growth Percentage
Current Assets Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Industrial Estate Land
4,013 17% 3,757 18% 256 7%
Inventory
Management Discussion and Analysis
Prepaid Taxes 136 1% 147 1% (11) -8%
Prepaid Expenses 88 0.4% 82 0% 6 7.1%
Advances 60 0.2% 147 1% (87) -59%
Other Current Assets 431 2% 428 2% 3 1%
Total Current Assets 23,324 100% 20,998 100% 2,326 11%
The Company’s current assets increased by Rp2,326 billion or Industrial Estate Land Inventory within Current Assets
11% from Rp20,998 billion in 2024 to Rp23,324 billion in 2025, Industrial estate land inventory ready for sale reached Rp4,013
primarily driven by higher cash flows and trade receivables, in billion at the end of 2025, an increase of Rp256 billion or 7.1%
line with increased operational activity. compared to Rp3,757 billion in 2024. This was driven by the
acceleration of estate development and ongoing landbanking
activities to meet future demand from investors and tenants.
Cash and Cash Equivalents
in Billions of Rupiah
2025 2024
Cash and Cash Growth Percentage
Equivalents Contribution Contribution (Decline) (%)
Nominal Nominal
(%) (%)
Cash 18 0% 17 0% 0,6 4%
Banks – Third Parties
Rupiah 3,819 60% 2,254 42% 1,565 69%
United States Dollar 2,015 31% 2,621 49% (606) 23%
Others 2 0% 2 0% 0 0%
Total Cash in Banks 5,836 91% 4,877 91% 959 20%
Time Deposits – Third Parties
Rupiah 239 4% 416 8% (177) -43%
Dollar 311 5% 56 1% 255 460%
Total Time Deposits 550 9% 472 9% 78 17%
Total Cash and Cash
6,404 100% 5,366 100% 1,038 19%
Equivalents
As of 31 December 2025, cash and cash equivalents and time deposits amounting to Rp550 billion, reflecting the
amounted to Rp6,404 billion, an increase of Rp1,038 billion Company’s strong liquidity position in supporting operational
or 19% compared to Rp5,366 in 2024. Cash and cash needs and business expansion.
equivalents consisted of cash in banks of Rp5,836 billion
Trade Receivables
in Billions of Rupiah
2025 2024
Growth Percentage
Trade Receivables Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Not Yet Due 9,984 93% 6,903 88% 3,081 45%
Past Due:
1-30 days 221 2% 372 5% (151) -41%
31-60 days 98 1% 132 2% (33) -26%
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2025 2024
Growth Percentage
Trade Receivables Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
> 60 days 769 7% 581 7% 188 32%
Sub Total 11,072 103% 7,988 102% 3,084 39%
WAPU PPN 23 0% 47 1% (24) -51%
Less:
Allowance for
Expected Credit (106) -1% (99) -1% (7) -7%
Losses
Fair Value Adjustment (220) -2% (68) -1% 152 224%
Net Trade Receivables 10,769 100% 7,868 100% 2,901 37%
Net trade receivables reached Rp10,769 billion in 2025, an
increase of Rp2,901 billion or 37% compared to Rp7,868 billion
in 2024 primarily driven by higher sales volumes and increased
Receivables transaction activities with customers but in line with 2025’s
Period business expansion.
(days)
67 69
53 51 55 Inventory
Period
(days)
24 24
21 20
19
2021 2022 2023 2024 2025
Note: DSO is calculated based on average receivables and average
quarterly revenue
In 2025, the average collection period for trade receivables
increased to 69 days compared to 67 days in 2024. The 2021 2022 2023 2024 2025
majority of the Company’s trade receivables remained in
good condition, with trade receivables not yet due amounting
to Rp9,984 billion, representing 93% of total net trade The inventory period in 2025 decreased to 20 days compared
receivables. The Company applies receivables management to 24 days in 2024 with inventory management optimized
policies focused on asset quality and credit risk mitigation. To to support more efficient inventory turnover and a balanced
support these policies, the Company recognized an allowance working capital position
for expected credit losses of Rp106 billion and recorded a fair
value adjustment on trade receivables amounting to Rp220
billion, reflecting Management’s conservative approach in
maintaining receivables quality and financial performance
stability.
Non-Current Assets
in Billions of Rupiah
2025 2024
Growth Percentage
Non-Current Assets Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Long-Term Trade
Receivables from Third 1,225 9% 304 3% 921 302%
Parties – Net
Investment in Associates 536 4% 492 4% 44 9%
Deferred Tax Assets – Net 181 1% 188 2% (7) -4%
Investment Property 1,817 14% 1,817 15% 0 0%
Property, Plant and
6,811 51% 6,365 53% 446 7%
Equipment – Net
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2025 2024
Growth Percentage
Non-Current Assets Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Financial Assets at Fair
Value through Profit or 250 2% 0 0% 250 100%
Management Discussion and Analysis
Loss
Right-of-Use Assets – Net 839 6% 793 7% 46 6%
Estimated Claims for Tax
70 1% 16 0% 54 344%
Refund – Long-Term
Industrial Estate
Land Inventory for 1,421 11% 1,983 16% (562) -28%
Development
Advances 0 0% 27 0% (27) -100%
Other Non-Current
38 0% 75 1% (37) -49%
Financial Assets – Net
Other Non-Current Assets
51 0% 50 0% 1 2%
– Net
Total Non-Current Assets 13,239 100% 12,111 100% 1,128 9%
The Company recorded non-current assets of Rp13,239 receivables and financial assets at fair value through profit or
billion, an increase of Rp1,128 billion or 9% compared to loss, reflecting the Company’s long-term asset allocation
Rp12,111 billion in 2024, driven by higher long-term trade strategy and active financial portfolio management.
Fixed Assets
in Billions of Rupiah
2025 2024
Growth Percentage
Fixed Assets Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Land Rights 722 11% 689 11% 33 5%
Buildings, Jetty,
Warehouses and Storage 5,601 82% 5,251 82% 350 7%
Tanks
Machinery and Equipment 1,665 24% 1,219 19% 446 37%
Warehouse Equipment
and Port Unloading 692 10% 628 10% 64 10%
Equipment
Vehicles 504 7% 469 7% 35 7%
Leasehold Improvements 95 1% 97 2% (2) -1%
Building Renovations 610 9% 611 10% (1) 0.2%
Office Equipment 180 3% 170 3% 10 6%
Vessels 1,065 16% 957 15% 108 11%
Construction in Progress 697 10% 838 13% (141) -17%
Accumulated
(5,021) -74% (4,564) -72% (457) -10%
Depreciation
Total Fixed Assets 6,811 100% 6,365 100% 446 7%
2025 fixed assets stood at Rp6,811 billion, an increase of Liabilities
Rp446 billion or 7% compared to Rp6,365 billion in the
previous year. The increase in asset value was primarily The Company’s liabilities increased by Rp2,467 billion or 13%
attributable to additions from investment activities and facility from Rp18,485 billion in 2024 to Rp20,952 billion in 2025
development, in line with ongoing terminal and service station mainly driven by higher trade payables in line with increased
construction projects with completion progress ranging from operational activities, as well as additional other liabilities to
20% to 95%. support the Company’s funding requirements and business
expansion.
Annual Report 2025
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Total 20,952
Liabilities
in Billions of Rupiah 18,485
15,837
16,254
13,454
12,575
5,115
5,030
Non-Current
Liabilities
3,678
Current Liabilities
2023 2024 2025
Current Liabilities
in Billions of Rupiah
2025 2024
Growth Percentage
Current Liabilities Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Short-Term Bank Loans 237 1% 7 0% 230 3285%
Trade Payables 12,334 78% 10,392 77% 1.942 19%
Taxes Payable 654 4% 403 3% 251 62%
Accrued Expenses 663 4% 586 4% 77 13%
Short-Term Employee
118 1% 144 1% (26) -18%
Benefits Liabilities
Short-Term Lease
71 0% 45 0% 26 58%
Liabilities
Short-Term Contract
311 2% 272 2% 39 14%
Liabilities
Current Maturities of
Long-Term Bank Loans 1,182 7% 1,141 8% 41 4%
and Other Borrowings
Dividends Payable 57 0% 1 0% 56 5560%
Total Current Liabilities 15,837 100% 13,454 100% 2,383 18%
Total current liabilities in 2025 amounted to Rp15,837 billion, term bank loans and dividend liabilities, which were managed
representing an increase of Rp2,383 billion or 18% compared prudently to maintain a balance between liquidity needs and a
to Rp13,454 billion in the 2024, primarily driven by higher short- sound funding structure.
Annual Report 2025
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Trade Payables
Period
(days)
Management Discussion and Analysis
86 88 90
82
73
2021 2022 2023 2024 2025
In 2025, the Company’s trade payables were Rp12,334 billion, days increased to 90 days in 2025 from 88 days in 2024,
an increase of Rp1,942 billion or 19% compared to Rp10,392 remaining within a controlled working capital management
billion in 2024. In line with higher business volumes, payable range.
Non-Current Liabilities
in Billions of Rupiah
2025 2024
Growth Percentage
Non-Current Liabilities Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Deferred Tax Liabilities –
41 1% 26 1% 15 58%
Net
Long-Term Bank Loans and
3,703 72% 3,645 72% 58 2%
Other Borrowings
Post-Employment
210 4% 179 4% 31 17%
Benefits Liabilities
Long-Term Contract
631 12% 631 13% 0 0%
Liabilities
Long-Term Lease
518 10% 479 10% 39 8%
Liabilities
Other Non-Current
11 0% 70 1% (59) -84%
Liabilities
Total Non-Current
5,115 100% 5,030 100% 85 2%
Liabilities
Total non-current liabilities increased by Rp85 billion or 2% of the portion due within one year. The composition of non-
from Rp5,030 billion in 2024 to Rp5,115 billion in 2025, mainly current liabilities reflects a relatively stable funding structure in
driven by higher deferred tax liabilities and bank loans, net supporting the Company’s financing needs.
Equity
in Billions of Rupiah
Equity 2025 2024 Growth (Decline) Percentage (%)
Share Capital 401 401 0 0%
Additional Paid-in Capital 1,366 1,301 65 5%
Treasury Shares – 273,705,000
(96) (113) (17) -15%
Shares
Retained Earnings
Appropriated 4 4 0 0%
Unappropriated 10,137 9,647 490 5%
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Equity 2025 2024 Growth (Decline) Percentage (%)
Foreign Exchange Differences on
275 252 23 9%
Translation of Financial Statements
Share of Other Changes in Equity
69 69 0 0%
of Subsidiaries
Total Equity Attributable to
12,156 11,563 593 5%
Owners of the Parent
Non-Controlling Interests 3,454 3,061 393 13%
Total Equity 15,610 14,624 986 7%
Total equity increased by Rp986 billion or 7%, from Rp14,624 Appropriated retained earnings amounted to Rp4 billion, while
billion in 2024 to Rp15,610 billion in 2025 primarily driven unappropriated retained earnings amounted to Rp10,137
by growth in unappropriated retained earnings, as well as billion, reflecting the Company’s adequate internal capacity
contributions from non-controlling interests, reflecting a to support future growth and business expansion.
stronger capital structure.
Statement of Profit (Loss) and Other Comprehensive Income
in Billions of Rupiah
Statement of Profit or Loss 2025 2024 Growth (Decline) Percentage (%)
Sales and Revenue 46,018 38,729 7,289 19%
Cost of Sales and Revenue (41,920) (35,220) 6,700 19%
Gross Profit 4,098 3,509 589 17%
Operating Expenses (1,059) (975) 85 9%
General and Administrative
(961) (873) 88 10%
Expenses
Marketing Expenses (98) (101) (3) -3%
Other Operating Income (Expenses)
Gain on Sale/Disposal of Fixed
3 4 (1) -28%
Assets – Net
Foreign Exchange Gain (Loss)
15 14 1 8%
– Net
Other Operating Income 28 27 1 4%
Operating Profit 3,084 2,578 505 20%
Finance Income 291 332 (42) -13%
Final Tax on Finance Income (45) (54) (8) -15%
Finance Costs (74) (65) (9) -14%
Share of Profit of Associates 52 47 6 11%
Profit Before Final Tax and Income
3,308 2,839 469 17%
Tax
Final Tax (25) (27) (2) -7%
Profit Before Income Tax 3,282 2,812 470 17%
Income Tax – Net (459) (413) 46 11%
Net Profit for the Year 2,823 2,399 424 18%
Foreign Exchange Differences on
48 50 (2) -3%
Translation of Financial Statements
Actuarial Gains (Losses) on Post-
(6) 4 (11) -250%
Employment Benefits
Related Deferred Tax 2 (1) 3 265%
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Statement of Profit or Loss 2025 2024 Growth (Decline) Percentage (%)
Other Comprehensive Income
43 53 (10) -19%
(Loss) for the Year, Net of Tax
Total Comprehensive Income for
2,867 2,452 415 17%
the Year
Management Discussion and Analysis
Profit for the Year Attributable to:
Owners of the Parent 2,473 2,225 248 11%
Non-Controlling Interests 351 174 177 102%
Net Profit for the Year 2,823 2,399 424 18%
Total Comprehensive Income for the Year Attributable to:
Owners of the Parent 2,491 2,254 237 11%
Non-Controlling Interests 376 199 177 89%
Total Comprehensive Income for
2,867 2,452 415 17%
the Year
Basic Earnings per Share
Attributable to Owners of the 125.24 112.73 12.51 11%
Parent (In Full Rupiah)
Sales and Revenue
in Billions of Rupiah
2025 2024
Growth Percentage
Sales and Revenue Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Trading and Distribution
Petroleum 34,013 74% 28,934 75% 5,079 18%
Basic Chemicals 7,301 16% 6,598 17% 703 11%
Sub-total 41,314 90% 35,532 92% 5,782 16%
Manufacturing
Manufacturing – Third-
464 1% 652 2% (187) -29%
Party Adhesives
Sub-total 464 1% 652 2% (187) -29%
Logistics Services
Port Operations and
1,064 2% 813 2% 251 31%
Transportation
Storage Tank Leasing 332 1% 289 1% 43 15%
Others 103 0% 63 0% 40 63%
Sub-total 1,499 3% 1,165 3% 334 29%
Industrial Estate Land 2,741 6% 1,381 4% 1,361 99%
Total Sales and Revenue 46,018 100% 38,729 100% 7,289 19%
By the end of 2025, the Company recorded revenue of A more detailed discussion of sales and revenue by business
Rp46,018 billion, an increase of Rp7,289 billion or 19% segment is presented in the Operational Review under the
compared to Rp38,729 billion in 2024. The increase was Management Discussion and Business Analysis section of this
primarily driven by the stable performance of the trading Annual Report. This reflects the success of the Company’s
and distribution segment, as well as significant growth in the revenue diversification strategy and the strengthening
industrial estate segment, particularly from land sales and contribution of recurring income from the industrial estate
utility revenues, which contributed more substantially to the segment.
Company’s total revenue.
Annual Report 2025
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130
Cost of Sales and Revenue
in Billions of Rupiah
2025 2024
Cost of Sales and Growth Percentage
Revenue Contribution Contribution (Decline) (%)
Nominal Nominal
(%) (%)
Trading and Distribution 38,310 91% 32,903 93% 5,407 16%
Manufacturing 256 1% 356 1% (100) -28%
Logistics Services 1,449 3% 1,178 3% 271 23%
Industrial Estate Land 1,905 5% 783 2% 1,122 143%
Total Cost of Sales and
41,920 100% 35,220 100% 6,700 19%
Revenue
As of 31 December 2025, the Company recorded cost higher sales volumes and rising global oil prices in the trading
of sales and revenue of Rp41,920 billion, representing an and distribution segment, as well as increased activity in
increase of Rp6,700 billion or 19% compared to Rp35,220 the industrial estate segment, which also contributed to the
billion as of 31 December 2024. This was primarily driven by overall increase in cost of sales.
Gross Profit
in Billions of Rupiah
2025 2024
Growth Percentage
Gross Profit Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Trading and Distribution 3,004 73% 2,629 75% 375 14%
Manufacturing 208 5% 296 8% (88) -30%
Logistics Services 50 1% (13) 0% 62 N/M
Industrial Estate Land 836 20% 597 17% 239 40%
Total Gross Profit 4,098 100% 3,509 100% 589 17%
Gross profit increased Rp589 billion or 17%, from Rp3,509 increase from the industrial estate segment, which collectively
billion in 2024 to Rp4,098 billion in 2025, driven primarily by offset the rise in cost of sales and revenue and maintained the
solid revenue growth, particularly from a 14% increase in gross Company’s margin.
profit from the trading and distribution segment and a 40%
Operating Expenses
in Billions of Rupiah
2025 2024
Growth Percentage
Operating Expenses Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
General and Administrative Expenses
Salaries, Wages and
597 56% 593 61% 3 1%
Employee Benefits
Allowance for Impairment
Losses on Trade 21 2% 7 1% 14 200%
Receivables
Business Travel and
45 4% 40 4% 4 11%
Transportation
Office Operating Expenses 103 10% 54 5% 49 91%
Depreciation 45 4% 41 4% 4 10%
Depreciation and
Amortisation of Right-of- 2,6 0% 3,2 0% (0,6) -18%
Use Assets
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2025 2024
Growth Percentage
Operating Expenses Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Infrastructure and
16 2% 12 1% 4 34%
Telecommunications
Management Discussion and Analysis
Professional Fees 33 3% 40 4% (7) -18%
Office Rent 9 1% 8 1% 1 9%
Repairs and Maintenance 10 1% 9 1% 1 11%
Taxes and Licenses 26 2% 19 2% 7 38%
Bank Charges and
2,0 0% 1,5 0% 0,5 33%
Administrative Expenses
Insurance 6 1% 5 0% 1 20%
Office Supplies 2,8 0% 2,78 0% 0,04 1,3%
Others 44 4% 38 4% 6 16%
Sub-total 961 91% 873 89% 88 10%
Marketing Expenses
Transportation 14 1% 18 2% (5) -25%
Entertainment 4,0 0% 4,3 0% (0,3) -6.2%
Depreciation 1 0% 1 0% 0 0%
Advertising and Promotion 17 2% 18 6% (1) -6%
Others 63 6% 60 6% (3) 5%
Sub-total 98 9% 101 11% (3) -3%
Total Operating Expenses 1,059 100% 975 100% 85 9%
Operating expenses in 2025 amounted to Rp1,059 billion, Operating Profit
consisting of general and administrative expenses of Rp961
billion and selling expenses of Rp98 billion. Total operating The Company maintained a strong level of profitability, as
expenses increased by Rp85 billion or 9% compared to reflected in operating profit of Rp3,084 billion, an increase
Rp975 billion in 2024 primarily driven by higher general and of Rp506 billion or 20% compared to Rp2,578 billion in
administrative expenses, particularly from office operating 2024. This was primarily driven by the optimization of
expenses and the allowance for impairment losses on trade operational performance across all business segments, as
receivables, in line with the growing scale of the Company’s well as disciplined cost management, contributing to the
operations. strengthening of operating margins.
Foreign Exchange Gain (Loss) Finance Costs
The Company recorded a foreign exchange gain of Rp15 In 2025, finance costs decreased by Rp11 billion or 13% from
billion in 2025, representing an increase of Rp1 billion or 7% Rp85 billion in the previous year to Rp74 billion . in 2025.
compared to a gain of Rp14 billion in the previous year driven This decrease was primarily driven by the optimization of
by volatility of the Rupiah against the United States Dollar borrowings and lower interest expenses, in line with a strong
throughout the year, which ranged between Rp16,200– cash position and more efficient debt management.
Rp16,700 per USD and affected the revaluation of monetary
assets and liabilities denominated in foreign currencies.
The Company continues to implement hedging policies to Tax Benefit (Expense)
mitigate foreign exchange risk.
Net and final tax expense reached Rp484 billion, an increase
of Rp45 billion or 10% compared to Rp439 billion in 2024 and
was in line with the Company’s profit growth, which resulted in
higher income tax expense as well as final tax.
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Other Comprehensive Income
in Billions of Rupiah
2025 2024
Other Comprehensive Growth Percentage
Income Contribution Contribution (Decline) (%)
Nominal Nominal
(%) (%)
Foreign Exchange
Differences on Translation 48 109% 50 94% (2) -4%
of Financial Statements
Actuarial Gains (Losses)
on Post-Employment (6) -14% 4 8% (10) -250%
Benefits
Related Deferred Tax 2 5% (1) 2% 3 -300%
Other Comprehensive
Income (Loss) for the 43 100% 53 100% (10) -19%
Year, Net of Tax
In 2025, the Company recorded other comprehensive income to be reclassified in subsequent periods of Rp43 billion, compared
to a gain of Rp53 billion in 2024.
Comprehensive Income for the Year
in Billions of Rupiah
2025 2024
Comprehensive Income Growth Percentage
for the Year Contribution Contribution (Decline) (%)
Nominal Nominal
(%) (%)
Net Profit for the Year 2,823 98% 2,399 98% 424 18%
Other Comprehensive
Income (Loss) for the Year, 43 2% 53 2% (10) -19%
Net of Tax
Total Comprehensive
2,867 100% 2,452 100% 415 17%
Income for the Year
On a consolidated basis, total comprehensive income Profit for the Year Attributable to Owners of the Parent
reached Rp2,867 billion, increasing by Rp415 billion or
17% compared to Rp2,452 billion in 2024 due to growth in Profit for 2025 attributable to owners of the parent amounted
profit for the year, and partially offset by a decline in other to Rp2,473 billion, with a net profit margin of 5.4%. This was
comprehensive income, particularly from foreign exchange supported by increased activity in the industrial estate and
differences on translation of financial statements and changes utilities business, as well as stable performance in the trading
in actuarial losses on employee benefits. and distribution segment.
Consolidated Statement of Cash Flows
in Billions of Rupiah
Statement of Cash Flows 2025 2024 Growth (Decline) Percentage (%)
Net Cash Provided by Operating
3,941 1,347 2,594 193%
Activities
Net Cash Provided Used in Investing
(1,309) (1,173) 136 12%
Activities
Net Cash Provided Used in
(1,689) (1,470) 219 15%
Financing Activities
Net Increase / (Decrease) in Cash
943 (1,296) 2,239 173%
and Cash Equivalents
Effect of Foreign Exchange
96 127 (31) -25%
Changes
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Statement of Cash Flows 2025 2024 Growth (Decline) Percentage (%)
Cash and Cash Equivalents at the
5,366 6,536 (1,170) -18%
Beginning of the Year
Cash and Cash Equivalents at the
6,404 5,366 1,038 19%
End of the Year
Management Discussion and Analysis
Cash and Cash Equivalents Cash Flows from Investing Activities
The Company recorded cash and cash equivalents at the Net cash used in investing activities in 2025 amounted to
end of 2025 amounting to Rp6,404 billion, representing Rp1,309 billion, an increase of Rp136 billion or 12% compared
an increase of Rp1,038 billion or 19% compared to Rp5,366 to Rp1,173 billion in 2024 and attributable to expenditures for
billion in 2024. This increase was primarily driven by strong operational infrastructure development and investments in
cash flows from operating activities arising from cash receipts financial assets. On the other hand, the Company recorded
from customers, supported by financing cash flows through cash inflows from divestment of shares in an associate and
additional short-term bank loans, as well as increased dividend receipts. Overall, investing activities reflect the
investing activities reflecting the management of fund Company’s focus on strengthening long-term business
placements in financial assets. capacity in a selective and disciplined manner.
Cash Flows from Operating Activities Cash Flows from Financing Activities
In 2025, net cash provided by operating activities amounted Net cash used in financing activities was Rp1,689 billion,
to Rp3,941 billion, representing an increase of Rp2,594 billion increasing by Rp219 billion or 15% compared to Rp1,470
or 193% compared to Rp1,347 billion in 2024. This was mainly billion in 2024 in line with higher working capital requirements,
driven by higher cash receipts from customers in line with business expansion, and dividend payments. Financing
sales growth, although partly offset by higher payments to activities were carried out selectively through additional
suppliers, operating expenses, and income tax payments. short-term and long-term bank loans, balanced by loan
Overall, strong operating cash flow reflects the Company’s repayments and lease liabilities.
ability to generate cash from its core operations and support
funding for investment activities and dividends. Overall, the Company’s financing policy maintains a balance
between business growth, shareholder returns, and a strong
liquidity position, as reflected in its net cash position.
Debt Servicing
Capability
The Company assesses its debt servicing capacity by As part of risk mitigation efforts, disciplined cash
rigorously monitoring key financial metrics, including the management, cost efficiency improvements, and
net gearing ratio, the total liabilities-to-assets ratio, and diversification of funding sources are implemented. These
the EBITDA-to-interest-bearing debt ratio. This disciplined measures are aimed at maintaining adequate liquidity while
oversight ensures a well-optimized capital structure, supporting long-term business continuity and growth.
safeguarding the Company’s financial stability and long-term
resilience.
Net Gearing Ratio
The Company’s net gearing ratio in 2025 was negative, A consistent liabilities ratio underscores the Company’s stable
reflecting a strong net cash position to support financial capital structure and robust financial standing. This prudent
obligations and working capital requirements. This net cash management of leverage minimizes liquidity and financing
position provides sufficient financial flexibility to navigate risks, ensuring that the Company retains ample funding
business dynamics, while supporting operational and capacity to execute its long-term strategic objectives.
investment funding without excessive reliance on external
financing.
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134
0,02 0.01
Net Gearing
Ratio -
2021 2022 2023 2024 2025
(times) (0,02)
(0.04)
(0,04)
(0,06)
(0.08)
(0,08)
(0,10)
(0,12)
(0,14) (0.12)
(0,16)
(0,18) (0.16)
Liabilities to Total Assets Ratio
Throughout 2025, liabilities financed approximately 57.3% level. The consistency of a stable liabilities ratio reflects
of total assets, representing an increase of 1.48% compared disciplined financial management. Supported by a strong
to 2024, in line with higher operational activity and funding asset base, the Company is able to meet its obligations on a
requirements, while remaining within a manageable leverage sustained basis while maintaining a sound financial structure.
EBITDA to Interest-Bearing Debt Ratio
The EBITDA to interest-bearing debt ratio in 2025 was equity, the implementation of prudent financial management,
recorded at 0.72 times, higher than 0.65 times in 2024, and positive revenue projections form the foundation
reflecting the Company’s capacity to generate operating for maintaining the Company’s ability to meet financial
cash flow relative to its level of interest-bearing debt. Strong obligations and preserve capital structure stability.
Capital Structure and
Capital Structure Policy
Capital Structure Details
The Company manages its capital structure in a disciplined In 2025, total equity contribution to capital structure was
and sustainable manner to ensure financial resilience and Rp15,610 billion, increasing by 7%. Total long-term funding
flexibility in supporting long-term growth strategies. The sources in 2025 amounted to Rp20,725 billion, an increase
composition of long-term liabilities and equity forming the of Rp1,071 billion or 5% compared to Rp19,654 billion in 2024,
capital structure is optimized by considering the risk profile, reflecting the strengthening of the Company’s long-term
cost of funding efficiency, and the ability to generate stable funding capacity.
cash flows.
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in Billions of Rupiah
2025 2024
Growth Percentage
Capital Structure Contribution Contribution
Nominal Nominal (Decline) (%)
(%) (%)
Management Discussion and Analysis
Long-term Liabilities 5.115 25% 5.030 26% 85 2%
Equity 15.610 75% 14.624 74% 986 7%
Total Long-term Funding
20.725 100% 19.654 100% 1.071 5%
Sources
Capital Structure Management Policy
Capital structure is managed to ensure business continuity or other funding instruments. The Company adopts a prudent
while optimizing value creation for shareholders and capital allocation policy, utilizing internal cash flow as the
stakeholders, maintaining an optimal balance between primary source for Capital Expenditure and project growth
profitability and financial risk. while retaining access to long-term liabilities to ensure
financial agility. This disciplined approach balances a robust
To support capital expenditure financing and project capital structure with the goal of sustaining attractive ROE,
development, funding from internal cash is prioritized while ultimately delivering sustainable value to our shareholders.
maintaining financing flexibility through long-term liabilities
Basis for Determining Capital Structure Management Policy
The Company’s capital structure policy is based on a Capital structure management creates sustainable added
comprehensive evaluation of financial stability, cost of value for shareholders and stakeholders, continually
capital efficiency, and risk profile. A balanced composition is strengthened to provide healthy financial ratios and ensure
held between equity and debt to ensure adequate liquidity, competitive returns. Through this approach, the Company
maintain an optimal leverage level, and mitigate long-term drives business growth, enhances competitiveness, and
financial risks. External factors such as economic conditions, maintains market confidence in its solid financial performance.
interest rate volatility, and access to funding sources are
carefully considered to preserve financial flexibility and
business resilience.
Material Commitments
for Capital Expenditure
Capital expenditure is the allocation of funds for the and improve operational efficiency. In 2025, the Company
acquisition or addition of fixed assets expected to generate and its subsidiaries had no material capital expenditure
future economic benefits. Capital expenditure is used commitments, defined as those exceeding 20% of total
selectively and strategically to support business growth equity.
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Realization of
Capital Expenditure
2025 realized capital expenditure of Rp897 billion, decreasing by Rp369 billion or 29% from the Rp1,266 billion in 2024, and used
to support operations. Details of each capital expenditure realization are presented in the following table
Investment Value
Investment Type Investment Objective
(Rp billion)
Land Rights Operational Support 14
Buildings, Jetties, Warehouses and Storage
Operational Support 44
Tanks
Machinery and Equipment Infrastructure Capacity Support 38
Warehouse Equipment and Port Unloading
Infrastructure Capacity Support 1
Equipment
Vehicles Fleet Capacity Enhancement 13
Leasehold Improvements Operational Support 1
Building Renovation Operational Support 2
Office Equipment Operational Support 5
Vessels Fleet Capacity Enhancement 5
Assets Under Construction Construction of Vessel and Tank Facilities 774
Total Investment 897
2025 Target and
Realization
2025’s continued growth was supported by strengthened In parallel, the Company continued to strengthen its customer
operational excellence across all business lines. The base through the expansion of the fuel distribution network
Company set a net profit growth target of 8%–15%, driven by into 3T regions with the Company operating 72 fuel stations
performance recovery for all segments, operational resilience, across various regions in Indonesia at the close of the year,
and the realization of strategic investments. By the end of expanding energy access and strengthening AKR’s presence
2025, the Company had attained a net profit of Rp2,473 in the retail energy segment. This expansion supports national
billion, reflecting its ability to maintain solid performance amid energy resilience and encourages sustainable demand
industry dynamics. growth in the trading and distribution segment.
In the trading and distribution segment, AKR proved resilient JIIPE’s positive performance in 2025 saw increased revenue
despite economic pressures and global commodity price contributions from the industrial estate segment from
volatility. The Company set a gross profit growth target for land sales and utility services. Revenue reached Rp2,742
this segment of 5%–8%, supported by increasing demand billion, including a 129% increase in utility revenue, as well as
for basic chemicals and petroleum products, particularly in continued growth of approximately 107% in land monetization
Eastern Indonesia. and leasing. As key tenants became fully operational and
production capacity within the estate increased, recurring
Gross profit in the trading and distribution segment reached revenue from utility services improved, enhancing the overall
Rp3,004 billion, emphasizing a disciplined business strategy quality of JIIPE’s earnings.
execution, supported by strong logistics infrastructure
and efficient working capital management. In line with the
acceleration of the national downstreaming agenda, the
capital-intensive and mining sector remained the primary
customer base for the Company’s fuel distribution.
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2026
Outlook
Management Discussion and Analysis
In 2026, Indonesia economy is expected to face heightened This strategy is increasingly vital as global demand for energy
global geopolitical dynamics, including escalating tensions security and industrial raw materials rises. In this context, JIIPE
in the Middle East that may mean volatility in global energy is uniquely positioned to capitalize on growth opportunities,
prices, particularly crude oil, while increasing uncertainty in particularly those stemming from industrial relocation and
energy supply chains and inflationary pressures across various the rise of value-added sectors. The expansion of the metal,
countries. chemical, and energy industries within the estate is set to drive
productivity, bolster export competitiveness, and diversify
In this context, Indonesia is projected to continue its growth the national industrial base.
momentum, supported by strong domestic consumption,
increased investment, and the continuation of industrial In line with the government’s policy direction to strengthen
downstreaming programs and structural economic national energy resilience amid global supply uncertainty, AKR
transformation. Sustained macroeconomic stability, supports the reliability of domestic energy distribution where
controlled inflation, and a responsive mix of monetary and it is well-positioned to support the B50 biodiesel program in
fiscal policies will remain key factors underpinning economic 2026 as a continuation of the B40 program. With an extensive
performance, with Bank Indonesia projecting Indonesia’s fuel distribution network, integrated logistics infrastructure,
economic growth to range between 4.9% and 5.7%. and long-standing experience in managing energy supply
chains, the Company plays a necessary part in ensuring
To maintain rupiah stability amid rising external pressures, efficient and reliable energy availability and distribution
Bank Indonesia continues to improve its stabilization policy across various regions, including industrial areas and remote
mix, including interventions in the Non-Deliverable Forward locations.
(NDF) market, both offshore and domestic (DNDF), as well as
in the spot market. These measures are considered effective The B50 program is expected not only to reduce dependence
in mitigating exchange rate volatility and anchoring market on diesel imports but also enhance more sustainable domestic
expectations, while supporting the inflation target of 2.5 ± 1% energy sources. The Company’s fuel distribution capabilities
in 2026, despite the potential for imported inflation resulting are an important factor in the continuity of national energy
from rising global energy prices. supply, while supporting the stability of industrial sectors
that rely heavily on energy availability. Through these efforts,
The national investment climate is expected to remain AKR contributes to strengthening national energy resilience
conducive, anchored by the continuation of government and sustaining economic activity amid increasingly complex
priority programs such as natural resource downstreaming. global challenges.
2026 Company Outlook
AKR remains committed to driving the synergies and Gross profit in the trading and distribution segment is
initiatives that underpin Indonesia’s economic and industrial expected to grow by 4–6%, driven by steady industrial
resilience. By leveraging our robust logistics infrastructure, activity, increased mining pre-stripping activity, and a growing
we will continue to strengthen the reliability of energy number of operating retail fuel stations. In the event of supply
and basic chemical distribution while optimizing strategic shocks arising from geopolitical tensions, including potential
assets across all business lines. Our focus on operational disruptions in the Strait of Hormuz, the Company will continue
excellence, recurring income, and disciplined financial to ensure the smooth flow of domestic fuel and chemical
management will drive sustainable growth, as we capitalize logistics supply chains while maintaining stable working
on increasing industrial activity, the expansion of the national capital conditions amid ongoing uncertainty.
downstreaming ecosystem, and continued strategic
investment in the JIIPE industrial estate. Land sales in the JIIPE industrial estate are projected to reach
90–100 hectares, supported by strategic marketing and its
In 2026, the Company projects net income growth of 7–10%, advantage as an integrated Special Economic Zone (SEZ).
reflecting continued growth in utility revenue and increasing JIIPE is well positioned to attract both foreign and domestic
land sales from the industrial estate segment, supported by investment flows. Increased operations of smelters and other
stable performance in the trading and distribution segment. key industries are expected to drive demand for port and
utility services, contributing positively to recurring revenue
growth.
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Management and Employee Stock
Ownership Program (MESOP)
The transfer of treasury shares resulting from the share stock options to purchase AKRA shares under the MESOP
buyback through the Management and Employee Stock program. The eligibility criteria for participation in the stock
Ownership Program (MESOP), implemented in stages over a option program are described in the Corporate Governance
three-year period from 2024 to 2026, has resumed and was chapter of this Annual Report.
communicated through Letter No. 027/LAKRCS/2024 dated
20 March 2024. The exercise price under the MESOP program is Rp499 per
share. Upon exercising the stock options, participants are
The MESOP implementation was approved by shareholders required to purchase treasury shares in accordance with the
at the Annual General Meeting of Shareholders held on 29 number of MESOP shares allocated to each participant (as
April 2024. Shareholders approved the transfer of a portion stipulated in the stock option agreement), at the applicable
of treasury shares amounting to 156,500,000 shares, exercise price per share.
representing 0.78% of the issued and fully paid capital. The
Company’s management and key employees are granted
Number of Number of Number of
Number of Exercise Price
MESOP Stage Option Shares Option Shares Option Shares
Options (Rp)
Granted Exercised Forfeited
I (2024) 156,500,000 15,650,000 15,650,000 - 20.00
2024
II (2025) 140,850,000 (1)
46,950,000 62,600,000 (2)
- 20.00
Remarks:
(1) Remaining shares reallocated, after deducting the stock options granted in Stage I
(2) Cumulative number of stock options granted in Stages I & II
Out of a total of 156,500,000 option shares, the Company August 2025 (Stage II). Following the implementation of the
has executed the MESOP program for 62,600,000 shares, MESOP program, the remaining shares to be reallocated
implemented during 2–31 August 2024 (Stage I) and 1–31 amount to 93,900,000 shares.
Material Information and Facts
Subsequent to the Date of the
Auditor’s Report
Geopolitical Tensions in the Middle East Management is closely monitoring the impact on its
Tensions escalated in late February 2026 following airstrikes operations and will undertake appropriate actions and
conducted by the United States and Israel on various locations strategies in response, including a prudent approach in
in cities across Iran. Iran has since responded through missile credit analysis with a focus on customer performance, and
and drone attacks targeting Israel as well as several United exercising caution in expenditures and investments.
States military bases and allied forces in the region. These
developments have created global challenges, particularly The Group will continue to assess the effects on its operations
disruptions to oil and gas supply worldwide due to the closure with any further significant impact reflected in the Group’s
of the Strait of Hormuz. Oil prices have increased significantly consolidated financial statements in subsequent reporting
since then, including logistics costs. As the situation continues periods.
to evolve, the global environment is facing heightened
uncertainty and potential energy supply shortages.
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Management Discussion and Analysis
Business
Outlook
Petroleum Trading & Distribution Outlook
A measured and sustainable fuel distribution strategy Heading into 2026, fuel distribution volumes in the industrial
strengthens long-term value creation for stakeholders. The and commercial segments are expected to gain further
application of a formula-based pricing scheme, referencing momentum in line with rising national economic activity.
MOPS, enables price consistency to be maintained while This growth is underpinned by the acceleration of mineral
improving operational efficiency. Through a passthrough downstreaming and various National Strategic Projects
mechanism, exposure to global oil price volatility and (PSN), particularly across Eastern Indonesia. Leveraging its
exchange rate movements can be effectively managed, robust infrastructure and extensive distribution network, the
thereby supporting business performance stability. Company is strategically poised to drive economic growth
and sustainable development.
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1. Mining logistics networks are driving higher and more sustainable
In 2026, the government projects national coal production demand for marine fuel. In addition, demand from the
to decline compared to the previous year as part of price fisheries and mining sectors remains a key contributor, with
stabilization efforts, with production targets estimated increased mobility of operational fleets in both sectors.
below 700 million tons. Nevertheless, domestic
consumption is expected to remain strong, particularly for Government policies aimed at strengthening maritime
the power generation and downstream industrial sectors. connectivity, improving national supply chain efficiency,
enhancing maritime supervision, and facilitating
In line with ongoing production activities and the operational ease for business actors, including fishermen,
optimization of existing mines, fuel demand for pre- are positive catalysts for marine fuel consumption growth,
stripping activities and mining operations is expected to with the Company well positioned to ensure reliable and
remain significant. In addition, government downstreaming timely fuel supply, supporting maritime logistics and
programs and increasing global demand for materials related industries.
supporting green energy such as nickel, bauxite, and 5. General Market
copper, are expected to drive growth in mineral production Expansion in manufacturing, trade, construction, and
and increase demand for fuel distribution and energy transportation sectors continues to drive demand for
logistics support, creating opportunities for the Company fuel distributed by the Company. This growth in demand
in the mining sector. is aligned with economic activity across Indonesia,
2. Smelters particularly in industrial and logistics hubs. With its extensive
Based on data from the Ministry of Energy and Mineral distribution network and reliable operations, the Company
Resources (ESDM), as of 2025 Indonesia has 54 operational is well positioned to capture growing fuel demand from the
nickel smelters, 38 under construction, and 45 in the broader market, while supporting sustainable and efficient
planning stage. This reflects the acceleration of national economic activity nationwide.
mineral downstreaming, which drives increased energy 6. Retail
demand. The Company’s strategy to support downstream Through the Ministry of Energy and Mineral Resources
sector development through efficient fuel supply and (ESDM), governance of retail fuel supply, including
distribution to improve the industrial value chain. In requesting business players to assess import requirements
addition, increased capacity of copper and bauxite as a basis for policy determination in 2026, is expected to
smelters, in line with Law No. 3 of 2020, further increases improve supply certainty and strengthen the reliability of
energy demand. fuel distribution nationwide. At the same time, changing
3. Plantations customer preferences increasingly emphasize fuel quality,
The Company supports the biodiesel mandatory policy as reflected in rising demand for higher-octane and better-
through its role in supplying and distributing fuel and performing fuels.
biodiesel-blended energy to the domestic market.
Increasing demand for crude palm oil (CPO) for biodiesel Retail network development remains a factor in improving
improves the need for reliable energy distribution and the Company’s competitive position in the retail fuel
logistics and creates opportunities for an expanded role in segment. Through its partnership with bp AKR, 72 fuel
supporting national energy resilience while realizing growth stations across strategic locations in Indonesia offer high-
opportunities in the integrated energy segment. quality fuels with RON 92 and RON 95. The Company will
continue to focus on supply chain reliability, optimizing
Domestic CPO consumption is projected to increase in import quota management, and enhancing operational
2026 in line with the implementation of national biodiesel reliability of fuel stations. In line with growing demand for
policy. According to the Indonesian Palm Oil Association high-quality fuel, retail network expansion is planned to
(GAPKI), total production in 2025 is estimated at 56–57 reach a broader customer base to support sustainable
million tons and is projected to grow by 4–5% in 2026. The growth in the retail segment in 2026.
B40 mandatory biodiesel program implemented in 2025 7. Aviation Fuel
and the planned increase to B50 in 2026 are expected to 2026 is positioned as a transition period during which
further strengthen demand for CPO for energy purposes. supply chain adjustments, optimization of storage
The nationwide implementation of B40 in 2025 absorbed infrastructure, and strengthening of domestic distribution
approximately 15.6 million kiloliters of biodiesel, equivalent will be critical to maintaining reliable jet fuel supply to
to around 14 million tons of CPO. national airports. Through PT Dirgantara Petroindo Raya,
4. Bunker Services a strategic joint venture between AKR and Air bp, the
The Company sees opportunities arising from increased Company will support the distribution of domestically
demand for marine fuel, in line with the rapid growth of the produced aviation fuel through integrated energy logistics
maritime logistics industry. Increased shipping activities, and distribution services.
inter-island distribution, and the expansion of maritime
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Basic Chemicals Trading & Distribution Outlook
The Company’s basic chemicals trading and distribution processes and related downstream sectors, reflecting the
segment is projected to maintain a favorable outlook in increasingly important role of the chemical industry in energy
2026, underpinned by stable demand across Indonesia’s transition and renewable energy development in Indonesia.
Management Discussion and Analysis
processing industries. Resilience in this segment is expected Supported by an extensive logistics infrastructure, integrated
to be driven by the expansion of smelter facilities and the distribution network, and diversified customer base, the
broader mineral downstreaming sector. While the government Company is in a strong position for growth through increased
may implement nickel production quotas to manage price sales and expanded market penetration that will also enable
stability and resource sustainability, downstreaming remains support for the reliable supply of chemicals to various
a top national priority. This policy environment is expected to strategic industrial sectors.
sustain demand for industrial chemicals, particularly in Eastern
Indonesia, a key growth hub for mineral-based industries. Nevertheless, challenges remain, including potential impacts
of commodity production control policies on downstream
Demand for methanol and other supporting chemicals is industrial activities, as well as global chemical price volatility
exppected to increase in line with government policies to influenced by energy price movements and international
strengthen energy resilience through the biodiesel program. market conditions. Therefore, effective supply management,
The B40 mandate, which is planned to increase to B50 in 2026, operational flexibility, and the ability to respond promptly to
will drive demand for chemicals used in biofuel production market changes will be key factors in maintaining performance
and ensuring the sustainability of this business segment.
Manufacturing Outlook
Through its subsidiary, PT Arjuna Utama Kimia (Aruki) the Export performance for Indonesian furniture in key markets is
manufacturing segment shows improving prospects, expected to grow moderately in 2026, supported by supply
supported by the gradual recovery of the property and light chain normalization and improving global housing demand.
construction sectors following global trade adjustments. With adequate production capacity and a focus on efficiency
This recovery is driving renewed demand for wood- and and quality, Aruki is well positioned to capture recovering
paper-based products, including panels, furniture, and domestic and export demand selectively.
interior materials, which in turn increases demand for industrial
adhesives.
Logistics Outlook
As part of a long-term commitment to business sustainability, In line with these policies, supply chain resilience
the Company invests in vessels, trucks, and logistics facilities is improved through increased storage capacity,
to support market growth, particularly in Eastern Indonesia. optimization of distribution networks, and integrated
With the operation of 19 ports and planned future expansion, logistics management to ensure energy availability,
the Company is strengthening its position and role in including at remote mining sites. These efforts also
supporting national logistics activities. contribute to the reliability of national energy reserves by
1. Storage Tanks & Petroleum Transportation ensuring efficient and timely fuel distribution.
The mining sector, which represents the primary customer
base for the Company’s fuel distribution, continues The Company operates 250 fuel and chemical tanker
to demonstrate sustainable growth, driven by strong trucks, as well as 14 Self-Propelled Oil Barges (SPOB) to
investment and production activities in certain subsectors, provide high operational flexibility and maintain energy
particularly those related to downstreaming projects supply continuity while supporting the stability of mining
and increasing global demand for strategic minerals. activities and other strategic sectors.
Amid governmental efforts to strengthen national energy 2. Jakarta Tank Terminal (JTT)
resilience and develop strategic energy reserves, the The Jakarta Tank Terminal serves as a strategic hub for fuel
need for reliable, stable, and sustainable fuel distribution is storage and distribution, gaining increased importance as
increasingly critical in supporting energy-intensive mining government policy shifts toward strengthening national
operations. energy resilience. By supporting the development of
strategic energy reserves, the terminal plays a pivotal role
in ensuring long-term supply security.
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The outlook for national fue l consumption remains positive, 3. Bulk and Container Cargo
driven by increasing industrial, logistics, and mining PT Berlian Manyar Sejahtera (BMS) is involved in managing
activities, as well as the implementation of downstreaming the Manyar Terminal at JIIPE. With a long-term port
initiatives and the commencement of large-scale industrial concession, BMS supports the smooth flow of bulk and
operations. With rising energy demands, the availability of general cargo through jetty facilities. In line with evolving
a reliable storage infrastructure is essential in maintaining industrial demand and increasing activity within the JIIPE
distribution continuity and reducing supply disruption risks. area, optimizing the utilization of these facilities forms part
of the Company’s logistics growth outlook.
JTT’s capacity will continue to be enhanced through facility
expansion and operational optimization to support fuel
distribution, particularly in Java, while improving efficiency
and strengthening long-term energy supply chain
resilience.
Industrial Estate Outlook
JIIPE leverages competitive operational advantages that As part of its service enhancement efforts, JIIPE is developing
attract strategic investment and advance the national simplified licensing processes, digital-based logistics
industrial downstreaming agenda, driving economic growth at systems, and strengthened estate security systems to attract
both the regional and national levels. Spanning approximately investment and support regional economic growth. To ensure
3,000 hectares, the estate is designed as an integrated smooth tenant operations, JIIPE has also strengthened its
industrial ecosystem that fosters long-term business electricity supply in collaboration with PLN, with a capacity
connectivity. Built upon the three core pillars of land sales, of 40 MVA.
utility provision, and port services, JIIPE is firmly established as
one of Indonesia’s premier industrial hubs. In October 2025, a pilot implementation of the Customs Auto
Gate System within the bonded area was launched to form
In 2026, revenue from the industrial estate is projected to part of a strategic initiative to position JIIPE as a model Special
continue increasing, supported by the optimization of utility Economic Zone (SEZ), aimed at facilitating the flow of goods
income, which began to materialize following the ramp- while improving logistics efficiency and processing speed.
up of key tenant operations in 2025. The development
of an integrated industrial ecosystem, encompassing To enhance the ease of doing business in Indonesia, BKMS—
copper refining, chemical industries, glass manufacturing, in collaboration with the East Java Regional Office of the
and renewable energy development, is expected to drive Directorate General of Immigration—officially launched the
sustainable growth in utility revenues within the estate. Residence Permit and Immigration Information Service Unit
(ULITIK) in November 2025. As the first facility of its kind in the
The inauguration of JIIPE as a precious metals downstreaming country, this on-site service unit is expected to significantly
hub by the President of the Republic of Indonesia in 2025 streamline immigration processes for investors, tenants, and
serves as a catalyst for future business growth, in line with foreign professionals within JIIPE.
increasing value-added industrial activities within the
estate. The presence of a Precious Metal Refinery adopting Contributions from land sales, utilities, and port services are
environmentally friendly technology supports the green expected to become the primary sources of stable recurring
transition and expands investment opportunities in the revenue, while also contributing positively to profitability
precious metals sector. This further strengthens JIIPE’s as a commitment to fostering inclusive, competitive, and
long-term growth prospects, particularly through increased sustainable economic growth.
demand for utilities, logistics services, and sustainable
recurring revenue streams.
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Dividends
Dividend Policy
Management Discussion and Analysis
The Company’s dividend policy aims for sustainable value Through this dividend policy, the Company maintains a
for shareholders, by distributing cash dividends at least balance between providing attractive returns to shareholders
once a year. The determination takes into account financial and strengthening its capital structure to support the
performance, funding requirements, cash flow conditions, sustainability and expansion of its business. Based on the IPO
growth prospects, the Company’s financial health, and is prospectus in 1994, the dividend payout is set at a minimum
without prejudice to the authority of the GMS. of 30% of the previous year’s net profit (provided that profit
exceeds Rp50 billion).
Dividend Distribution Chronology
Based on the 2025 Annual General Meeting of Shareholders The schedule for AKR’s cash dividend distribution for the 2024
held on 28 April 2025, shareholders approved and determined Financial Year is as follows:
a dividend distribution of 88.77% of profit for the year 1. Cum dividend in the Regular Market and Negotiated Market
attributable to owners of the parent entity, amounting to on 7 May 2025
Rp2,225 billion. Accordingly, the total dividend for the 2024 2. Ex dividend in the Regular Market and Negotiated Market
Financial Year was set at Rp1,975 billion, equivalent to Rp100 on 8 May 2025
per share. 3. Cum dividend in the Cash Market on 9 May 2025
4. Ex dividend in the Cash Market on 14 May 2025
Of this amount, the Company had distributed an interim 5. Recording Date for shareholders entitled to dividends on 9
dividend of Rp987 billion or Rp50 per share, as resolved in the May 2025
Board of Directors’ Meeting on 23 July 2024. Subsequently, 6. Dividend payment on 22 May 2025
the final dividend of Rp987 billion or Rp50 per share was
paid to all shareholders on 22 May 2025. The distribution The chronology of dividend distribution over the past two (2)
was based on the total number of outstanding shares of years is as follows:
19,752,819,600 shares, after deducting treasury shares of
320,655,000 shares.
Financial Dividend per Announcement
Net Profit Dividend Payout Ratio Payment Date
Year Share Date
2024 Rp2,225 billion Rp1,975 billion Rp100 88.77% 28 April 2025 22 May 2025
2023 Rp2,780 billion Rp2,467 billion Rp125 88.73% 29 April 2024 14 May 2024
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Marketing
Aspects
AKR is an integrated logistics and supply chain company that 3. Ensuring competitive pricing supported by the
emphasizes operational excellence, an extensive distribution implementation of measurable and accurate Service
network, and the fulfilment of customer needs across Level Agreements (SLA), as a reflection of commitment to
various industrial sectors. The marketing strategy focuses on customer satisfaction and trust.
value creation in core business segments that deliver direct 4. Increasing storage capacity through the development of
benefits to stakeholders and build a long-term sustainability tank facilities to accommodate growing market demand,
legacy. With extensive experience in the energy, logistics, while ensuring long-term supply continuity and reliability.
and industrial sectors, the Company is a strategic partner
supporting customers’ operational sustainability amid Wood Adhesives Manufacturing
evolving market dynamics. 1. Offering competitive pricing to large-scale customers with
high growth potential to build mutually beneficial long-
In line with technological developments and changing term partnerships.
consumption patterns, the Company operates a long-term 2. Implementing proactive marketing strategies to reach new
relationship-based marketing strategy, reinforced through customers and continuously expand the customer base.
data utilization, optimization of communication channels, and 3. Expanding distribution networks into international markets
synergy across business units. This approach expands market to strengthen global competitiveness and scale up the
reach, strengthens customer loyalty, and drives sustainable business.
business growth. Detailed information on AKR’s marketing
strategies by core business segment is as follows: Logistics
1. Increasing dry and liquid bulk service capacity across
Petroleum Indonesia to support a reliable supply chain.
1. Strengthening market share in the industrial segment 2. Providing integrated one-stop services for fuel and
through expanded penetration supported by the basic chemical customers, creating added value through
development of both physical and digital infrastructure improved operational efficiency and service quality.
enhances distribution efficiency and service quality,
ensuring reliable fuel supply with a competitive cost Industrial Estate
structure for industrial customers. 1. Focus on heavy and high-technology industries
2. Optimizing new market opportunities by focusing The Company optimizes JIIPE as a hub for heavy and high-
expansion on Eastern Indonesia and the retail segment technology industrial ecosystems, including copper
through strategic collaboration with bp delivers high- smelting, to support the development of high value-added
quality fuels, lubricants, and aviation fuel, while creating industries.
sustainable value for customers and stakeholders. 2. Development of green industrial estate
Developing a green industrial estate concept through the
Basic Chemicals integration of renewable and clean energy to meet tenant
As a main distributor of Asahimas Chemical Group, the requirements that prioritize sustainability.
Company’s business strategy includes: 3. Creation of recurring income
1. Expanding the new customer base continuously while Developing large-scale infrastructure and utilities
maintaining and strengthening long-term relationships designed to meet tenant operational needs, thereby
with existing customers through reliable and value-added driving stable, recurring, and long-term revenue growth.
services.
2. Providing basic chemical products tailored to meet the
needs of the rapidly growing smelter sector in Indonesia,
while contributing to the mineral downstreaming agenda
and national industrial transformation.
Served Market Share
AKR serves a diverse and strategic market base, and aviation sectors through reliable and integrated supply.
encompassing industrial, commercial, and retail customers In the basic chemicals segment, AKR reaches downstream
across various economic sectors. In the energy and fuel industries such as smelters, manufacturing, and raw material
segment, the Company serves the needs of industrial producers in line with the growth of national downstreaming.
customers, mining, manufacturing, as well as transportation
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145
Meanwhile, through its logistics and infrastructure division, AKR With an extensive logistics footprint comprising 19 sea and
caters to customers requiring dry and liquid bulk distribution, river ports, and 20 storage terminals across Indonesia, AKR
warehousing, and integrated supply chain solutions across ensures the efficient and reliable fulfillment of domestic and
the Indonesian archipelago. The Company also supports industrial demand. Leveraging this broad geographic reach
industrial estate tenants by providing premium land, world- and an integrated service portfolio, the Company serves
class utilities, and essential supporting infrastructure. both local and international markets, solidifying its role as a
Management Discussion and Analysis
strategic partner within the national industrial value chain.
Realization of the Use of
Proceeds from the Public Offering
In 2025, the Company did not issue any new shares or bonds/sukuk/subordinated instruments. Accordingly, information on the
realization of the use of proceeds from public offerings is not presented in the 2025 Annual Report.
Material Information on Investment,
Expansion, Divestment, Merger/
Consolidation, Acquisition, and Debt/
Capital Restructuring
As of the end of 2025, the investment activities of AKR and its 4. Based on Notarial Deed of Yulia, S.H., No. 55 dated 21
subsidiaries are as follows: February 2025, AKRIDA increased its issued and paid-
1. Based on Notarial Deed of Yulia, S.H., No. 3 dated 9 April up capital from Rp1,039,165,000 to Rp1,048,165,000,
2025, ADH increased its issued and paid-up capital from of which the Company subscribed to the entire capital
Rp356,449,000 to Rp366,449,000, of which the Company increase amounting to Rp9,000,000. The Company has
subscribed to the entire capital increase amounting disclosed this information through Letter No. 017/I-AKR-
to Rp10,000,000. The Company has disclosed this CS/2025 dated 24 February 2025 to the OJK and IDX.
information through Letter No. 033/I-AKR-CS/2025 dated 5. Based on Notarial Deed of Yulia, S.H., No. 72 dated 24
9 April 2025 to the OJK and IDX. October 2025, AKRIDA increased its issued and paid-
2. Based on Notarial Deed of Yulia, S.H., No. 21 dated 7 up capital from Rp1,048,165,000 to Rp1,056,565,000,
March 2025, DPR increased its issued and paid-up capital of which the Company subscribed to the entire capital
from Rp158,309,600 to Rp176,019,600, of which AKRIDA increase amounting to Rp8,400,000. The Company has
subscribed Rp8,872,710, while the other shareholder, disclosed this information through Letter No. 079/L-AKR-
BP Global Investment Limited, subscribed the remaining CS/2025 dated 28 October 2025 to the OJK and IDX.
shares amounting to Rp8,837,290.
3. Based on Notarial Deed of Yulia, S.H., No. 74 dated 24
October 2025, DPR increased its issued and paid-
up capital from Rp176,019,600 to Rp192,119,600, of
which AKRIDA subscribed Rp8,066,100, while the other
shareholder, BP Global Investment Limited, subscribed the
remaining shares amounting to Rp8,033,900.
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Information on Material Transactions
Containing Conflicts of Interest and/or
Transactions with Affiliated Parties
The Company and its subsidiaries conduct transactions c. The entity is controlled or jointly controlled by a person
with related parties as defined under PSAK 224 on Related identified in point (1);
Party Disclosures, ensuring that all transactions are based on d. A person identified in point (1)(a) has significant influence
mutually agreed terms and conditions, which may differ from over the entity or is a member of the key management
those applied to transactions with non-related parties. personnel of the entity (or of a parent of the entity);
e. The entity, or any member of a Group of which it is a part,
AKR defines related parties as individuals or entities that have provides key management personnel services to the
a relationship with the Company in the context of financial Company or to the parent of the Company.
statement preparation, as follows:
1. An individual or a close family member is related to the All transactions with related parties have been disclosed in the
Company if such individual: Notes to the Consolidated Financial Statements for the 2025
a. Has control or joint control over the Company; Financial Year.
b. Has significant influence over the Company; or
c. Is a member of the key management personnel of the
Company or of a parent entity of the Company.
2. An entity is related to the Company if any of the following
conditions apply:
a. The entity is a member of the Group (meaning a parent
entity, subsidiary, and fellow subsidiary are related to
one another);
b. One entity is an associate or joint venture of the other
entity (or an associate or joint venture of a member of a
Group of which the other entity is also a member);
Policy on Fairness Review Mechanism and Regulatory Compliance
The Company ensures that material transactions, affiliated All affiliated transactions are carried out under the supervision
transactions, and transactions involving conflicts of interest of the Board of Directors and are reviewed by the Board of
are conducted based on the prudence principle. Compliance Commissioners and the Audit Committee to ensure alignment
with prevailing laws and regulations, including the application with prevailing business practices and the arm’s length
of the arm’s length principle, serves as the primary foundation. principle.
By upholding regulatory compliance and executing
transactions in accordance with applicable provisions, As of 31 December 2025, the Company saw no violations of
the Company applies the principles of transparency and laws and regulations related to related party transactions
accountability. and/or transactions involving conflicts of interest. All such
transactions were conducted under terms and conditions that
The regulatory guidelines governing such transactions include provide economic benefits substantially equivalent to those
PSAK No. 224 on Related Party Disclosures, Bapepam- of transactions carried out with third parties.
LK Regulation No. KEP-347/BL/2012 dated 25 June 2012
concerning the Presentation and Disclosure of Financial
Statements of Issuers or Public Companies, and Financial
Services Authority Regulation No. 42/POJK.04/2020 on
Affiliated Transactions and Conflict of Interest Transactions
(POJK 42/2020).
Purpose of Transactions with Affiliated Parties
All transactions support operational efficiency, maintain for shareholders and stakeholders while upholding the
supply chain continuity, and optimize synergies within the arm’s length principle and the implementation of Corporate
Group. Transactions with affiliated parties enhance value Governance.
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The Company also engages in transactions with affiliated of the Board of Directors, Board of Commissioners, and
parties to obtain services, goods, and/or financing under Audit Committee, thereby avoiding conflicts of interest and
competitive terms, while supporting sustainable business ensuring optimal benefits for the Company.
development, ensuring transparency, compliance with
prevailing laws and regulations, and with the supervision
Management Discussion and Analysis
Nature of Related Party Relationships
Related parties are entities or individuals that have a The nature of related party relationships throughout 2025 is
relationship with the Company, whether through ownership, presented in the following table:
management, or other significant relationships, either directly
or indirectly. These may include parent entities, subsidiaries,
associated companies, key management personnel,
and other parties that have significant influence over the
Company’s financial and operational decisions.
Related Party Nature of Relationship Nature of Transaction
PT Komersial Logistik Nusantara Transactions with entities under Office lease
common control
PT AKR Land Development dan Entitas Transactions with entities under • Service charges to the Company and
Anak common control Subsidiaries
• Fuel sales
• Transportation revenue
• Land sale and purchase
PT Berlian Manyar Sejahtera Transactions with an associate entity • Fuel sales
• Management fees to the Company
and Subsidiaries
• Land lease
Realization of Transactions with Related Parties
The realization of AKR’s transactions with related parties for 2025 and 2024 is presented in the following table:
in Billions of Rupiah
Description 2025 2024
PT Komersial Logistik Nusantara
Office Lease Rp24,000 Rp24,000
Percentage of Revenue 0.0% 0.0%
PT AKR Land Development dan Entitas Anak
Service charges to the Company and Subsidiaries Rp6,141,203 Rp6,097,978
Percentage of operating expenses 0.6% 0.6%
Fuel sales Rp278,240 Rp485,017
Percentage of sales 0.0% 0.0%
Transportation revenue Rp4,200 Rp8,800
Percentage of revenue 0.0% 0.0%
Land sale and purchase Rp54,830 -
Percentage of liabilities 0.3% 0.5%
PT Berlian Manyar Sejahtera
Fuel sales Rp433,924 Rp1,169,559
Percentage of sales 0.0% 0.0%
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Description 2025 2024
Management fees to the Company and Subsidiaries Rp1,519,500 Rp3,578,736
Percentage of net profit for the year 0.0% 0.2%
Land lease Rp2,893,598 Rp2,844,703
Percentage of assets 0.0% 0.0%
Management Statement on Affiliated Transactions in 2025
All affiliated transactions in 2025 were transparent and in In conducting affiliated transactions, the Board of Directors,
accordance with prevailing laws and regulations. The Board under the supervision of the Board of Commissioners and
of Directors ensures that all transactions have undergone the Audit Committee, is committed to upholding integrity,
adequate procedures, are executed in line with sound accountability, and governance principles across all business
business practices, and do not involve conflicts of interest as activities to support the sustainable operations of AKR and its
referred to in POJK 42/2020. subsidiaries.
Changes in Laws
and Regulations
As of the end of 2025, regulatory developments in the In addition, POJK No. 14 of 2025 on the implementation
capital market became a key area of focus for the Company, of General Meetings of Shareholders (GMS), Bondholders
particularly the issuance of SEOJK No. 10/SEOJK.04/2025 Meetings (RUPO), and Sukukholders Meetings (RUPSu)
on the electronic submission of share ownership reports, electronically was issued, expanding the existing e-GMS
changes in share ownership, and share pledge activity reports framework. This regulation supports the long-term
for public companies. This regulation serves as a follow-up digitalization of corporate governance, requiring the
to POJK No. 4 of 2024, which governs reporting obligations Company to enhance system readiness, infrastructure, and
related to share ownership and its changes by relevant parties. operational procedures to ensure smooth implementation
It emphasizes more standardized and transparent electronic and regulatory compliance.
reporting mechanisms.
Changes in Accounting Policies
Affecting the Company
The Consolidated Financial Statements of AKR and its Amendment to PSAK 221: Lack of Exchangeability
subsidiaries are prepared in accordance with Financial The amendment requires the disclosure of information
Accounting Standards (SAK) issued by the Financial that enables users of financial statements to understand
Accounting Standards Board of the Indonesian Institute of the impact of currencies that cannot be exchanged into
Accountants (DSAK-IAI). These standards and accounting other currencies, which affects, or is expected to affect,
policies are applied in the preparation of the Consolidated the entity’s financial performance, financial position, and
Financial Statements and reflect the principles of cash flows. The amendment is effective for annual reporting
transparency and compliance with applicable accounting periods beginning on or after 1 January 2025. Early adoption is
regulations. permitted, with entities required to disclose such fact.
The Company has adopted, for the first time, all new and/or The amendment does not have any impact on the Company’s
revised standards effective for periods beginning on or after consolidated financial statements.
1 January 2025, including the following revised standards that
affect the consolidated financial statements:
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149
Going Concern
Information
Management Discussion and Analysis
AKR is in a strong position to maintain business continuity in The Company also integrates sustainability principles into
dynamic and uncertain business conditions, supported by a its business operations, including environmentally friendly
strategy focused on strengthening infrastructure, leveraging practices, energy efficiency, and compliance with applicable
digital technology, and fostering long-term relationships with laws and regulations that enhance competitiveness and
key customers. With a resilient business model and a healthy create long-term value for stakeholders.
financial position, the Company is able to deliver a stable and
sustainable performance. Overall, the Company has implemented various strategic
measures to anticipate challenges that may affect growth in
In managing various potential risks, the Company monitors 2025 and beyond. By continuing to execute proven strategies
industry developments and adjusts its direction in line with and business models, AKR will maintain flexibility in responding
market conditions. Mitigation measures are implemented to market changes, optimize new growth opportunities,
through improved operational efficiency, diversification of the and strengthen its business fundamentals to ensure
business portfolio, and strengthened governance to ensure sustainable growth.
long-term business continuity.
Management Assessment
In 2025, Management evaluations results conducted together The development of the JIIPE Special Economic Zone as a
with the Board of Commissioners and the Audit Committee green industrial ecosystem serves as a key driver of long-term
indicate that AKR remains strong and with promising growth growth through the provision of international-standard utilities
prospects going forward. The Company’s focus on the fuel and the utilization of renewable energy sources. By integrating
and basic chemicals segments, supported by strategic innovation and sustainability principles into its business
partnerships and infrastructure advantages, continues strategy, the Company is able to maintain competitiveness
to open expansion opportunities in both domestic and amid evolving industry dynamics, while creating long-term
international markets. value and a business legacy aligned with current needs and
supporting more sustainable and inclusive development.
Business Development Potential
As both an industrial estate developer and operator, as well strengthening downstreaming ecosystem in Indonesia,
as a key player in energy distribution and logistics, AKR is along with the growth of supporting industrial clusters. These
well positioned to capture growth opportunities in 2025. developments act as catalysts for increased value-added
Increased industrial activity within JIIPE is expected to drive industrial activity, create new opportunities within the national
higher demand for fuel, basic chemicals, and logistics supply chain, and enhance the competitiveness of the
and storage services, which collectively strengthen the domestic manufacturing industry.
performance of the Company’s trading, distribution, and
energy infrastructure segments. This synergy across business Meanwhile, the availability of international-standard industrial
lines enables AKR to optimize recurring income, enhance asset utilities provided by PT Berkah Kawasan Manyar Sejahtera
utilization, and expand its industrial customer base, thereby (BKMS), along with deep-sea port services managed by
establishing a solid foundation for sustainable growth. PT Berlian Manyar Sejahtera (BMS), offers operational
convenience and strategic logistics access for tenants within
Supported by integrated logistics infrastructure and a JIIPE. This integrated infrastructure enhances distribution and
distribution network that spans various regions, the Company logistics efficiency while increasing JIIPE’s attractiveness as an
continues to expand its service coverage to ensure reliable integrated industrial estate capable of supporting sustainable
fuel supply for strategic sectors, while strengthening AKR’s business growth.
position within the national energy supply chain. Business
development opportunities are further enhanced by the
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05 Business Support Functions Providing equal opportunities in the recruitment process to attract exceptional talent See business strategy on page 153 Consistently fostering harmonious and dynamic relationships as part of our commitment to create a conducive work environment See compensation program on page 161
Page 153
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152
Human
Resources
With talented individuals as the Company’s greatest asset,
their dedication, creativity, and innovative spirit are key in
shaping a sustainable future and delivering a competitive
advantage in the logistics and supply chain industry.
Human Resources Management Strategy and General Policy
Human Resources (HR) are one of the pillars of AKR’s growth Through the internalization of Be Entrepreneurial,
with an integrated and well-aligned management structure. Collaboration, Be Agile, Reward for Performance, Empower
HR management focuses on developing competent, high- Your Team, and Zero Tolerance, AKR builds a strong
integrity talent with strong character, supported by a high- behavioral foundation to support performance and business
performance culture aligned with the Company’s values. This sustainability. To stay relevant and competitive in the talent
approach ensures a robust talent pool as the foundation for market, the Company continuously updates its HR policies in
succession across all organizational levels. line with evolving employee and candidate expectations.
Human Capital Development Management
AKR maintains a Human Resources (HR) Division that is to be assigned special projects to enhance their capabilities.
responsible for the comprehensive management and Responsibility for talent development is shared by the Board
development of human capital. The Division’s scope of of Directors, the HR Division, and the talents themselves.
responsibilities encompasses workforce planning, the
implementation of competency development programs, and As part of Corporate Governance, the HR Division submits
the evaluation of performance and program effectiveness. reports, evaluations, and policy and initiative proposals at
AKR’s HR Division is led by Felix Abednego (full profile Strategic Business Unit Meetings. In addition, the Board of
presented in Chapter 3, Company Profile of the 2025 Directors is involved in the process of setting performance
Annual Report. targets and conducting annual employee performance
evaluations. Employees receive continuous feedback to
A Talent Committee consisting of the President Director, support ongoing performance improvement.
representatives of the Board of Directors, and the Head of the
HR Division, conducts talent evaluation every 6 (six) months
through assessments and the preparation of development
plans, particularly to fill strategic positions. Identified talents
are encouraged to participate in development programs or
HR Objectives
The HR Division ensures the alignment of human capital policies are translated into strategic objectives that support
strategies with Company’s business direction, as well as the Company’s medium-term and long-term objectives, with
developing programs that contribute to improving employee objectives that include the following:
competence, productivity, and welfare. HR management 1. Preparing employees at all levels to effectively perform
their assigned duties and responsibilities.
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2. Prioritizing internal talent to fill positions within the 4. Ensuring the efficiency of recruitment processes to fill
Company, particularly for roles that require specialized positions arising from the Company’s growth.
capabilities and in-depth knowledge of the industry 5. Leveraging IT technology for automation and analytical
and market. support in decision-making.
3. Align divisional and individual Key Performance Indicators 6. Providing technical training programs.
(KPIs) with the Company’s strategy, while strengthening a 7. Enhancing occupational health and safety.
consistent performance review process.
HR Strategy and Work Programs
Business Support Functions
The HR Division formulates strategies, initiatives, and work 3. Strengthen employee knowledge and competencies
programs by considering internal and external dynamics through training, socialization, coaching, mentoring, and
as well as the forward-looking roadmap. In 2025, HR management guidance.
development was focused on strengthening its role as a 4. Maintain a safe, healthy, and supportive work environment,
partner collaborating with various Divisions and Regions with zero tolerance for harassment, bullying, or unsafe
to implement improvements both in ways of working and behavior.
organizational structure, thereby encouraging more effective 5. Ensure investments in capability development create value
and efficient work practices. for the Company and are applied in daily work.
6. Build a professional and productive work culture aligned
Human Capital is a key asset in achieving the Company’s with the Company’s values.
vision, mission, and business sustainability. The HR Division 7. The Company seeks to create a positive impact on
aims to build a workforce with competencies and values community welfare through its presence.
aligned with the Company’s principles. To support this
objective, management applies the following principles:
1. Ensure HR management complies with applicable laws and
regulations in Indonesia and AKR’s operating locations.
2. Provide equal employment and career opportunities,
regardless of ethnicity, religion, race, group, or gender.
HR Division Performance Achievements
Several achievements in 2025 reflect AKR’s commitment to 3. Optimization of internal recruitment to fill vacant positions.
improving the quality of Human Resources, strengthening 4. Implementation of a performance evaluation system with
the internalization of corporate culture, and supporting one-level reviewers to strengthen managerial leadership.
the achievement of business targets through measurable 5. Improvements in the onboarding process to ensure
programs, including: new employees can effectively master their duties
1. The alignment of KPI targets and organizational structure in and responsibilities. This onboarding process is also
line with the Company’s development. conducted for employees undergoing internal transfers to
2. The enhancement of integrated succession planning ensure readiness in carrying out roles in their new positions.
through the talent management program.
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Employee Composition
In 2025, employee numbers at AKR and its subsidiaries Detailed information regarding the number of employees over
reached 2,474 people, an increase of 22 people or 0,9% the last 2 (two) years is as follows:
compared to the previous year’s total of 2,452 employees.
Based on Position Level
2025 2024
Position
Total % Total %
Board of Commissioners 3 0.1% 3 0.1%
Board of Directors 7 0.3% 7 0.3%
Commissioner-Level Officials 8 0.3% 5 0.2%
Director-Level Officials 24 1.0% 23 0.9%
General Manager – Senior Manager 72 2.9% 72 2.9%
Manager 131 5.3% 130 5.3%
Assistant Manager 155 6.3% 158 6.4%
Supervisor and Staff 827 33.4% 803 32.7%
Operator 1,247 50.4% 1,251 51.0%
Total 2,474 100% 2,452 100.0%
Based on Gender
2025 2024
Gender
Total % Total %
Female 296 12.0% 299 12.2%
Male 2,178 88.0% 2,153 87.8%
Total 2,474 100% 2,452 100.0%
Based on Age
2025 2024
Age
Total % Total %
>56 years old 76 3.1% 64 2.6%
47-55 years old 394 15.9% 397 16.2%
40-46 years old 535 21.6% 515 21.0%
33-39 years old 684 27.7% 708 28.9%
26-32 years old 611 24.7% 608 24.8%
<25 years old 174 7.0% 160 6.5%
Total 2,474 100% 2,452 100.0%
Based on Education Level
2025 2024
Education Level
Total % Total %
Doctoral Degree 3 0.1% 3 0.1%
Master’s Degree 111 4.5% 103 4.2%
Bachelor’s Degree 998 40.3% 977 39.8%
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2025 2024
Education Level
Total % Total %
Diploma 225 9.1% 194 7.9%
Senior High School 856 34.6% 874 35.6%
Junior High School 76 3.1% 83 3.4%
Business Support Functions
Primary School 10 0.4% 11 0.4%
Profession 195 7.9% 186 7.6%
Undetected 0 0% 21 0.9%
Total 2,474 100% 2,452 100.0%
Based on Employment Status
2025 2024
Employment Status
Total % Total %
Permanent Employees 2,137 86,4% 2,100 85.6%
Contract Employees 337 13,6% 352 14.4%
Total 2,474 100% 2,452 100.0%
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Human Capital Management Strategy to Develop High-Potential Talent
The HR management system focuses on enhancing 1. Candidate sourcing through multiple channels, including
competencies, building character, and preparing talent to e-sourcing via social media and the Company’s website.
respond to current and future business needs, including 2. Candidate screening based on qualifications, followed by
Manpower Planning, recruitment, education and training, psychological assessments (behavioral and work attitude
as well as remuneration and employee welfare programs, aspects) and interviews with HR and the direct supervisor.
ensuring the availability of high-quality talent at every level Assessment types, panel interviews, and stages are
of the organization to support the Company’s long-term tailored to the required job level.
sustainability and competitiveness. 3. Document verification, reference checks, and medical
examinations for selected candidates, followed by job
offer issuance upon completion.
Workforce Planning Strategy to Enhance Productivity and
Efficiency Strategies to attract top talent include:
1. Transparent communication, providing clear information
AKR ensures the effective placement of Human Capital in the on work culture, job scope, and role expectations.
right role and at the right time through workforce planning 2. Use of recruitment technology, leveraging online platforms
based on capacity, competencies, and business projections. for testing and interviews.
This process adopt short-, medium-, and long-term 3. Partnerships with educational institutions to source
approaches to optimize workloads, increase productivity, candidates for the Management Trainee program.
and promote cost efficiency, while minimizing talent gaps and 4. Use of technology and social media to promote job
maintaining effective and sustainable operational continuity. opportunities in targeted locations.
5. Employee referrals, particularly for specific roles such as
At the initial stage, AKR identifies workforce requirements engineering, crew, and maritime positions.
for the upcoming one-year period by referring to projected 6. Internal job postings for selected positions.
workloads, organizational structure, and business growth
plans. Based on the established business targets and
employee requirements, the Company subsequently Young Talent Development and Future Leadership
prepares the required labor budget. The entire process is Strategy
supported by an evaluation of the productivity level of existing
employees and the determination of targeted performance The Management Trainee (MT) program serves as a key
outcomes, ensuring that workforce allocation is conducted pipeline for developing future middle management talent.
efficiently and aligned with the Company’s objectives. The program is designed both to recruit high-potential fresh
graduates and to meet managerial position requirements,
Management also plays a key role in workforce planning particularly in technical and financial functions, in line with
by evaluating replacement needs arising from employee business development plans.
turnover to maintain organizational synergy efficiency. In the
event of a resignation, the HR Division requests a replacement MT participants are fresh graduates from various public and
submission through a form containing job descriptions, private universities who receive both technical and non-
required qualifications, key performance indicators, and technical training covering an overview of AKR, business
workload analysis. The form is reviewed and approved by processes, product knowledge, and business operations.
the HR Division and the respective Division Head to ensure Through intensive training, coaching from the executive team,
organizational efficiency and effectiveness. and direct involvement in business projects, this program
serves as a foundation for developing the Company’s future
leadership.
Creating High-Potential Talent through Recruitment
Process The MT training program is a combination of classroom training
and on-the-job training under the supervision of Directors
AKR conducts a transparent and fair recruitment process or Division Heads to ensure that the learning quality aligns
to attract top talent aligned with the Company’s needs. with the Company’s standards. In addition, MT participants
Workforce requirements are defined and validated by Top are assigned special projects designed to deepen their
Management, considering technical and non-technical skills, understanding of Standard Operating Procedures (SOP),
competencies, and alignment with the Company’s values. business processes, and the achievement of the Company’s
performance targets.
Equal opportunities are provided to all candidates, regardless
of gender, ethnicity, race, or religion, if requirements are
met. The recruitment process is closely monitored to ensure
objectivity and selection quality, enabling the Company to
build a competent team and support sustainable growth.
The recruitment and selection process includes:
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157
Since 2022, AKR has recruited 62 MT participants. The objective of the MT program is to develop future leaders, directly
managed by Division Heads and the Board of Directors to accelerate the transfer of knowledge.
Business Support Functions
Education and Training Policy
AKR views employee education and training as a strategic New employees also participate in a structured three-
lever to strengthen capabilities and enable meaningful month On-the-Job Training program designed to prepare
contributions toward achieving the Company’s objectives. them for their roles and responsibilities, while supporting
the achievement of defined KPIs and key targets. The
To support this, the Company delivers structured and program focuses on role-relevant materials, learning
continuous training programs, ensuring employees develop objectives during the probation period, and expected
skills that are relevant to business needs and evolving industry performance outcomes.
dynamics. The approach integrates technical competency
development with non-technical capability building across all Learning targets are systematically defined through
levels of the organization. mandatory technical training aligned with position-specific
training matrices. This approach ensures new employees
Overall, the Company’s training programs are broadly understand business processes, workflows, SOPs,
structured into several key categories as follows: and working instructions, enabling them to contribute
1. Onboarding Program effectively and meet performance expectations.
The onboarding program serves as the initial phase for
all new employees joining the Company. It provides During the probation period, the Recruitment and Learning
comprehensive orientation on AKR’s corporate profile, & Development teams conduct monthly reviews to monitor
vision and mission, 5K principles, corporate values, and key progress against defined targets. The process ensures
employment policies. The program ensures employees alignment between learning outcomes and performance
understand applicable regulations while building awareness milestones based on the established timeline. Where gaps
of potential work-related risks and mitigation measures. are identified, timely corrective actions are implemented
to maintain alignment with the program objectives.
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At the end of the probation period, employees are b. Business Skills Training
required to submit a Probation Report, which is evaluated Designed for middle management, equipping
by their direct supervisors and management. Together employees with capabilities aligned with their functional
with assessments from the Human Resources Division, roles. Training needs are determined through the People
the results form the basis for decisions on permanent Development Committee, covering areas such as risk
employment. management, project management, and data analytics.
2. Technical Training Program
The Technical Training Program is mandatory for employees Specific training programs within this category include Risk
in operational roles. Training requirements are defined Management, Project Management, and Data Analytics.
in a Training Matrix, which maps the skills and knowledge
needed for each job role across the Company. Through these comprehensive and continuous programs, AKR
ensures its workforce remains highly capable, adaptive, and
The program equips participants with role-specific aligned with evolving business and industry demands. This
technical capabilities across key operational areas, commitment strengthens technical expertise, non-technical
including tank terminals, warehouses, maintenance, capabilities, and leadership capacity across the organization.
land transport, SHE (Safety, Health, and Environment),
distribution planning, and retail operations. Training is
delivered by qualified internal instructors with relevant Special Training for New Drivers
expertise.
AKR’s provides training for new drivers through a one-month
Core modules within the training matrix include safety onboarding program designed to provide fundamental
and operational practices for tank terminals and preparation before carrying out operational duties
warehouses, retail operations, Permit to Work, Lock Out independently. This program aims to ensure the readiness of
Tag Out (LOTO), Hazard Identification, Risk Assessment new drivers by enhancing their understanding of the truck units
and Determining Control, and incident investigation. they will operate, the characteristics of transported products,
For land transport personnel, the curriculum also safe product handling techniques, and the application of
covers truck knowledge, Material Safety Data Sheets defensive driving techniques.
(MSDS), loading and unloading, and defensive driving.
The effectiveness of the implementation of these
Training content is updated regularly every one to two competencies is evaluated through an in-cabin assessment
years to ensure alignment with the latest SOPs and working process, which involves direct evaluation of a new driver’s
instructions. performance while driving under certain distances and
conditions. If the results of the in-cabin assessment meet
The Company also collaborates with external training the standards established by the Company, the new driver
institutions and professional certification bodies (LSP) to will be authorised to conduct solo driving, namely delivering
deliver training and certification programs. Certifications products to customers independently. The assessment
are issued by authorized institutions, including the process includes several key aspects, including:
Ministry of Transportation (land and sea) and the National • Application of defensive driving techniques
Professional Certification Agency (BNSP), ensuring • Basic driving principles: Observe, Understand, and Comply
nationally recognized competency standards. • Compliance with tTraffic signs
3. Non-Technical Training Program • Proper and safe driving knowledge
Non-technical training supports core competencies
based on job level and is designed to enhance overall
work effectiveness. The program consists of two main Implementation and Training Programme Costs in 2025
categories:
a. Personal Development Training AKR’s annual training budget is aligned with employee
Focused on middle and lower management, covering competency development needs and the Company’s
leadership, supervisory skills, time management, strategic objectives. In 2025, AKR Head Office and the
problem solving and decision making, mentoring, logistics business unit conducted training programs of
communication, and interpersonal effectiveness. Rp1,994,278,798, marking an increase from Rp1,315,852,074
in 2024.
Throughout 2025, various internal and external training and
competency development programs were conducted,
structured according to position levels and designed to be
relevant to all roles within the organization.
Annual Report 2025
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159
Category Employee Training and Development Programs Conducted in 2025
Onboarding New Employee Orientation Program
Safety General OHS Expert
Basic First Aid
Behaviour Based Safety
Fire Fighting
Business Support Functions
Risk Assessment (HIRADC)
Incident Investigation
Material Safety Data Sheet (MSDS)
Safety Operation (Tank Terminal, Warehouse, Transport)
International Maritime Organization (IMO)
Operation Land Transport Training
Product Knowledge & Product Handling
Retail Operations
Security Training 3 Pillars
Designated Person Ashore (DPA)
PFSO ISPS Code
Leadership Leadership Training for Result
Mentoring
Specific Training Tax
Customs
Figma UI/UX Design
Training for Trainers
Pipe Stress Analysis
Advancing to Double Materiality for Sustainability Reporting
Laporan Tahunan 2025
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160
Employee Performance Evaluation
Employee performance is evaluated objectively, At the end of the year, the performance achievements of each
transparently, and in a structured manner to ensure alignment employee are measured and evaluated objectively. The results
between individual performance and the Company’s strategic of this evaluation serve as the basis for decision-making
objectives, while providing clear performance targets for each regarding rewards, career development, training planning,
employee. Performance evaluation is conducted based on and retention strategies, in order to support employee growth,
the achievement of KPIs established at the beginning of the welfare, and the achievement of the Company’s objectives.
year and adjusted according to the functions, responsibilities,
and position levels of each employee. Ongoing monitoring
is carried out by direct supervisors to ensure progress and
achievement remains on track.
Performance Monitoring Performance
KPI
(by Supervisor) Evaluation
All employees are required Supervisors conduct periodic Employee performance
to understand their Individual monitoring of all tasks performed achievements or final results are
Work Targets, which include by their subordinates to measure evaluated at mid-year and year-
performance indicators, performance achievement in end to obtain an assessment of
competencies, and other priorities accordance with the previously each employee’s work results,
assigned to each employee. established KPIs. which will then be reviewed and
processed by the HR Department.
Internalization of the Company’s Values
The Company internalizes its corporate values, fostering a a. Newsletter
professional, integrity-driven, and performance-oriented Newsletters instill the Company’s values among
work culture. These values serve as guidelines for all employees. In each edition, the HR team discusses
employees in their conduct, decision-making, and daily situations occurring in the field that are relevant to the
operational activities. The internalization process follows implementation of the Company’s 6 (six) values, namely Be
various initiatives, including training programs, internal Entrepreneurial, Collaborate, Reward for Performance, Be
communications, and employee activities designed to Agile, Empower Your Team, and Zero Tolerance. On various
strengthen the understanding of the Company’s core values occasions, the HR team also communicates these values
in every action and decision. The programs implemented to through internal Company events that are subsequently
internalize the Company’s core values in 2025 include: featured in the Newsletter.
Newsletter Newsletter
JULI 2025
MEI 2025
Newsletter
MARET 2025
Kepemimpinan yang Menginspirasi M e n g a r u n g i Pe r u b a h a n 3
Prestasi AKR dalam SPEx2
Award
Raih Sukses dengan Kolaborasi Menciptakan Peluang Rangkaian Kegiatan
8
RAPAT UMUM PEMEGANG Qurban Idul Adha
KUNJUNGAN MENTERI ESDM SAHAM TAHUNAN AKR
ke SPBN AKR Efek Pemakaian Program AI
16
PERESMIAN HEAD OFFICE ALR ke Otak Anda
PERESMIAN KANTOR ATI
di AKR TOWER
MOROWALI
CLOSER LOOK : ALR
CLOSER LOOK : JIIPE
Annual Report 2025
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161
AGUSTUS-SEPTEMBER 2025
OCTOBER 2025
DESEMBER 2025
Newsletter Newsletter Newsletter
MENCIPTAKAN SOLUSI 6 Inovasi Digitalisasi dalam
Distribusi BBM
MENGUTAMAKAN 8 Operasional Aman:
MERAYAKAN 5
AKR Raih Penghargaan
Keselamatan Migas
Tanggung Jawab Bersama
DAN INOVASI KEAMANAN KERJA
Patra Nirbhaya
KEBERHASILAN
Kegiatan Perayaan Hari
9 13 Cara Delegasi Paling 11 Perayaan HUT AKR ke-65
Merdeka 2025
Efektif: One Minute
16
CSR Beasiswa AKR
Manager BERSAMA 15 2026 Budget Signing
Peduli Pendidikan 2025 14 Mengembangkan Minat
dan Bakat Anak
Business Support Functions
b. Media Communication internal media are specifically developed in response to
Particular emphasis is placed on encouraging positive actual needs in the field, serving to reinforce messages
employee work behavior that aligns with these values by from Management and guide employees at all levels,
utilizing visual media such as videos, comics, and illustrated including operational personnel.
posters displayed at office and branch locations. These
Industrial Relations
Harmonious, dynamic, and fair industrial relations are part of The employee remuneration and welfare scheme includes
the Company’s commitment to creating a conducive and competitive salaries, performance-based incentives,
sustainable working environment. Industrial relations are employment benefits, and various other benefits adjusted
based on the principles of mutual respect, open dialogue to the contribution, competence, experience, and level of
between management and employees, and compliance with responsibility of each employee. AKR applies the principle of
applicable labor laws and regulations. equality with a remuneration ratio of 1:1 without differentiating
gender or granting special privileges.
In practice, effective communication with employees
regarding Company policies is maintained through Remuneratin level across AKR and its subsidiaries is
communication forums, such as regular meetings with determined through a structured and objective process by
employee representatives or labor unions. Transparent considering performance achievements, competencies,
policies and procedures resolve employment-related issues experience, and job responsibilities.
to ensure employee welfare and support sustainable work
productivity. AKR views the implementation of remuneration and welfare
programs as an important foundation for encouraging
Employees are integral to the Company’s success, forming increased employee motivation, engagement, and loyalty.
a unified and mutually reinforcing relationship. Industrial Accordingly, strategic initiatives implemented in relation to
relations are built on trust, respect, and a shared commitment remuneration and promotion include:
to achieving the Company’s objectives. To support a
harmonious work environment, the Company provides a range Competitive Remuneration
of employee welfare programs, including occupational health 1. Reviewing compensation to remain aligned with
and safety initiatives, competitive remuneration, and other market conditions while considering inflation and
initiatives designed to enhance employee well-being and economic growth.
engagement. 2. Providing additional allowances such as health and
transportation allowances.
3. Providing performance-based bonuses for eligible
Employee Remuneration and Welfare Programme employees.
AKR upholds the achievement of employee performance by Promotion and Career Development
balancing it with fair, transparent, and competitive recognition 1. Conducting periodic performance evaluations and
to enhance employee welfare. All normative employee providing opportunities for promotion.
rights are fulfilled in accordance with applicable laws and 2. Organizing training and skills development programs to
regulations. enhance employee competencies.
3. Providing opportunities for job rotation or expansion of
responsibilities to broaden work experience.
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162
Occupational Health and Safety Program health management. In collaboration with the Indonesian Red
Cross, AKR organized blood donation activities at the Jakarta
AKR’s working environment upholds the principles of Head Office on 13 March and 18 September 2025.
Occupational Health and Safety (OHS) through the provision
of adequate health facilities and a safe environment, with The Company also routinely conducts Air Quality Monitoring
the objective of achieving zero workplace accidents and at each site as part of its efforts to control environmental
preventing occupational diseases. pollution and/or damage. Each site holds environmental
permits referring to the Environmental Management Efforts
Throughout 2025, annual Medical Check-Ups (MCU) and Environmental Monitoring Efforts (UKL/UPL) for each
were conducted using a risk-based approach, prioritizing respective location, with environmental monitoring matrices
employees with higher levels of occupational exposure. The established in accordance with applicable regulations. Air
results serve as the basis for preventive actions and further quality monitoring is conducted periodically using testing
parameters that refer to Government Regulations.
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163
Driver readiness is a key priority in the Company’s product To support employee welfare and productivity, the Company
distribution and logistics operations. All drivers are required carries out various health education initiatives through a range
to undergo daily fit-to-work checks before starting their of internal communication media. These initiatives include
duties to ensure optimal physical condition and safeguard the regular publication of a quarterly health newsletter and
employee, environmental, and product safety. Ongoing the provision of visual educational materials in the form of
awareness campaigns on driving readiness, along with health posters placed in various work areas. These efforts
practical tips to prevent unsafe working conditions, are aim to increase employee awareness of the importance
implemented consistently. of maintaining good health while fostering a healthy and
productive work culture.
Business Support Functions
Laporan Tahunan 2025
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06 Corporate Governance The Board of Directors is responsible for the interests and objectives of the Company and for representing the Company in accordance with the Articles of Association and applicable laws and regulations. See the implementation of the Directors' duties on page 199 Proactive risk management to sustain resilience amid evolving business dynamics See risk management on page 235
Page 167
Page 168
166
Corporate Governance is a foundation for driving the
development of a reliable logistics and energy distribution
industry through directed innovation and strategic
partnerships. Based on regulatory and sustainability
updates, AKR believes that responsible business initiatives
create long-term value.
Governance
Achievements
Throughout 2025, AKR consistently implemented GCG, reflected in strong regulatory compliance, well-governed information
disclosure, effective risk control, and proactive readiness for regulatory developments, as further evidenced by external
recognition.
Consistency & Quality of
Governance as a Enhancing the Quality of
Compliance (Compliance
Risk Buffer Information Disclosure
Maturity)
AKR fulfilled all governance and GCG functioned as a preventive Information disclosure in 2025
information disclosure obligations risk mechanism, particularly was delivered substantively
consistently and in a timely manner in safeguarding operational and contextually, going beyond
throughout 2025. Information stability, corporate reputation, formal compliance requirements.
disclosure was carried out not and stakeholder trust. Risk External communication was
only as a regulatory requirement, management was exercised in a governed in a controlled manner
but also as part of the Company’s measured manner, ensuring that to ensure that material information
commitment to maintaining no uncontrolled escalation of was communicated accurately,
transparency and market material issues occurred during the relevantly, and proportionally to
confidence. reporting year. the public.
Readiness for External Validation of
New Regulations Governance Practices
AKR established early readiness AKR’s GCG in 2025 received
for regulatory changes and external validation, including
developments, including recognition as an ASEAN Asset
sustainability-related regulations Class Plc. This acknowledgement
and reporting requirements under reflects the Company’s
PSPK 1 and PSPK 2. consistent efforts to strengthen
transparency, accountability, and
the implementation of sustainable
GCG.
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167
Awards:
01 AKR - ASEAN Asset Class PLc 06 Top 50 Big Capitalization Public Listed Company 2025
ASEAN Corporate Governance Conference & Awards (ASEAN Indonesian Institute for Corporate Directorship (IICD)
CGCA) 2025
Corporate Governance
02 Best of The Best Execution Winner across All Industries 07 Corporate Secretary Champion Award 2025
SPEX2 Award 2025 SWA Magazine
03 SPEx2® (Strategy and Performance Execution 08 The Best Indonesia GCG Award IX 2025
Excellence) Award 2025 Economic Review
04 The Best Execution Winner in Distribution Industry 09 Triple Excellence Platinum Award
SPEX2 Award 2025 SPEX2 Award 2025
05 Fortune 100 Indonesia's Biggest Companies 2025 10 2025 Asia (ex Japan/ANZ) Equities Awards :
Fortune Magazine • Best CEO (3rd Rank)
• Best Investor Relations Professional & Team
(2nd Rank)
• Best Company Board of Directors (2nd Rank)
Extel Insight, Hong Kong
01 05
02
03
04
06
09
10
07
08
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The strengthening of Good Corporate Governance (GCG) c. The appointment of an Independent Public Accounting
at AKR is ongoing and aligned with the vision to become Firm to audit the Company’s financial statements for the
the leading provider of logistics services and procurement financial year ended 31 December 2025;
solutions for chemicals and energy in Indonesia. In support d. Changes in the composition of the Company’s
of this, AKR maintains a commitment to creating benefits management; and
and added value to stakeholders, including shareholders, e. The determination of remuneration for members of the
employees, customers, suppliers, business partners, Board of Commissioners and the Board of Directors for
regulators, and the wider community. the 2025 financial year.
2. Dividend Distribution
Governance implementation is guided by national and Dividends were distributed 2 (two) times, on 22 May 2025
international standards, namely Financial Services Authority for the final dividend after deducting interim dividend
Regulation No. 21/POJK.04/2015 on the Implementation of paid in 2024 dividend and on 19 August 2025 for the 2025
Corporate Governance for Public Companies, the Indonesian interim dividend, with a payout ratio of >50%.
General Guidelines on Corporate Governance (PUGKI) 2021 3. Compliance with Capital Market Regulations and
issued by the National Committee on Governance Policy Information Disclosure
(KNKG), and the ASEAN Corporate Governance Scorecard In fulfilling compliance and disclosure obligations to
revised October 2024. Accordingly, governance structures, regulators and the public, the submission of material
processes, and mechanisms are continuously strengthened information by the Company is conducted in a timely
and refined. Periodic evaluations and the adoption of best manner, through official channels, and in accordance with
practices are also carried out to ensure effectiveness. the requirements of the Financial Services Authority (OJK)
and the Indonesia Stock Exchange (IDX).
The Company ensures that all Corporate organs, including 4. Meetings of the Company’s Governing Bodies
the Board of Commissioners, the Board of Directors, and The Board of Commissioners and the Board of Directors
Committees, perform their duties in accordance with GCG. hold regular meetings to discuss the Company’s
As an entity that upholds transparency and accountability, performance, risk monitoring, and compliance with
AKR has established internal policies, including the Rules of applicable laws and regulations.
Procedure of the Board of Commissioners and the Board of 5. Audit and Oversight
Directors, the Charters of Committees supporting the Board A Public Accountant was appointed to audit the Financial
of Commissioners and the Board of Directors, the Integrity Statements for the 2025 Financial Year, conducted in
Pact Declaration, the Code of Ethics and Conduct, and other accordance with applicable auditing standards to maintain
related policies. the accountability and reliability of the Company’s financial
information.
A commitment is also maintained to integrating sustainability 6. Risk and Compliance Management
in line with Environmental, Economic, Social, and Governance GCG in risk and compliance management ensure that key
(ESG) aspects, realized through the establishment of the risks are monitored continuously to ensure operational
ESG Committee, which is responsible for setting strategic stability and the Company’s reputation, as well as to
direction, providing recommendations, coordinating support business continuity.
implementation, and monitoring and reporting ESG initiatives 7. Regulatory Development Readiness
within the Company. This further strengthens the integration Enhancing understanding and readiness for regulatory
of sustainability considerations into the Company’s decision- developments, including regulations related to
making and operations. sustainability and reporting.
8. Communication with Capital Market Stakeholders
Throughout 2025, the Company carried out the following This includes public briefings and other investor
governance activities: engagement activities to support transparency and
1. General Meeting of Shareholders balanced information disclosure.
The General Meeting of Shareholders held on 28 April 2025
approved, among others:
a. The approval and ratification of the Board of Directors’
Report on the Company’s business activities and
financial administration for the financial year ended 31
December 2024;
b. The approval of the plan for the use of the Company’s net
profit for the financial year ended 31 December 2024;
Commitment to Building
Corporate Governance
As an integrated logistics and supply chain service provider, for customers, strengthening strategic partnerships with
the Company contributes to strengthening the national suppliers, ensuring compliance with applicable regulations,
economy through the distribution and procurement of and delivering balanced benefits to shareholders and all
essential products across multiple industry sectors. Guided stakeholders.
by GCG, AKR is focused on creating sustainable value
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Information disclosure is managed by the Corporate Secretary In strengthening Corporate Governance, the Company
who, as the primary internal liaison to external stakeholders, promotes the implementation of ethical, integrity-driven,
is responsible for communicating regulatory and business- and accountable business practices at all levels of the
related and coordinating such communication with internal organization, where each governance organ performs its
governance organs. This function includes monitoring duties in accordance with internal policies and applicable
compliance with prevailing laws and regulations, ensuring laws and regulations. Through the consistent application
timely and accurate disclosure of information, and supporting of Corporate Governance, AKR safeguards the rights and
the effectiveness of governance organs. interests of all stakeholders, including investors, thereby
fostering trust and creating sustainable long-term value.
Corporate Governance
Foundations for the Implementation of Corporate Governance
AKR ensures that governance implementation is conducted b. Financial Services Authority Regulation No. 33/
based on applicable laws and regulations, including: POJK.04/2014 on the Board of Directors and the Board
1. Company Structure and Shareholders’ Rights: of Commissioners of Issuers and Public Companies
a. Law of the Republic of Indonesia No. 40 of 2007 on (POJK 33/2014).
Limited Liability Companies; 3. Corporate Governance Best Practices and Regional
b. Law of the Republic of Indonesia No. 8 of 1995 on Capital Standards:
Markets; and a. The Indonesian General Guidelines on Corporate
c. Financial Services Authority Regulation No. 32/ Governance (PUGKI) 2021 issued by the National
POJK.04/2014 on the Planning and Conduct of General Committee on Governance Policy (KNKG);
Meetings of Shareholders of Public Companies (POJK b. The ASEAN Corporate Governance Scorecard (ACGS)
32/2014). issued by the ASEAN Capital Markets Forum (ACMF); and
2. Corporate Governance and Oversight of the Board of c. The Indonesian Corporate Governance Roadmap
Commissioners and the Board of Directors: issued by the Financial Services Authority.
a. Financial Services Authority Regulation No. 21/
POJK.04/2015 on the Implementation of Corporate
Governance Guidelines for Public Companies (POJK
21/2015); and
Principles of Corporate Governance Implementation
AKR applies GCG principles in a consistent and GCG practices are continuously evaluated, demonstrating
comprehensive manner by referring to the Indonesian General a commitment to enhancing governance implementation
Guidelines on Corporate Governance (PUGKI) 2021. PUGKI across all levels of the organization. These principles form the
2021 represents an update of PUGKI 2019, reflecting the foundation of the governance framework in promoting ethical
principles of Transparency, Accountability, Responsibility, and responsible business practices, where the 4 (four) main
Independence, and Fairness, and serving as a guideline for pillars include:
building a governance culture within the Company.
Ethical Conduct Accountability Transparency Sustainability
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Basic Principles and Implementation Guidelines for Corporate Governance
Principle Basic Principle Description Key Implementation Guidelines
Ethical The Company upholds integrity, treats all parties • Access to information is provided by the
Conduct with respect, fulfills its commitments, and builds and Company, and opportunities are made available
maintains moral values and trust. The interests of for Stakeholders to provide input and express
shareholders and other stakeholders are given due their views in the interests of the Company.
consideration based on the principles of fairness and • Equal and fair treatment is accorded by the
equality, and the Company is managed independently Company to Stakeholders in accordance with
so that no governance organ dominates another and their respective contributions and interest.
decision-making remains free from undue influence. • Equal opportunities are also provided by the
Company in employee recruitment and career
development, without discrimination based on
ethnicity, religion, gender, or physical condition.
Accountability The Company is able to account for its performance The Company accounts for its performance
in a transparent and fair manner and for this reason, in a transparent and fair manner in line with its
is managed in a sound, and measurable manner, interests, while taking into account the interests of
and in line with corporate interests, while taking into Shareholders and other Stakeholders.
account the interests of shareholders and other
stakeholders. Accountability is a prerequisite for
achieving sustainable performance.
Transparency To maintain objectivity in conducting business, the • Material and relevant information is provided by
Company provides material and relevant information the Company in a manner that is easily accessible
in a manner that is easily accessible and understood and understood by stakeholders.
by stakeholders. The Company discloses not • Matters required under prevailing laws and
only matters required under prevailing laws and regulations, as well as information that is important
regulations, but also information that is important to shareholders and other stakeholders, are
for decision-making by shareholders, creditors, and disclosed by the Company.
other stakeholders.
Sustainability The Company complies with applicable laws The Company complies with applicable laws
and regulations and is committed to fulfilling its and fulfills its responsibilities to society and the
responsibilities to society and the environment in environment, thereby maintaining long-term
order to contribute to sustainable development business sustainability and being recognized as a
through collaboration with relevant stakeholders to good corporate citizen.
improve their quality of life in a manner aligned with
business interests and the sustainable development
agenda.
In addition to these pillars, the Company applies 8 (eight) 1. The first, second, and third groups comprise principles
GCG, namely the roles and responsibilities of the Board of governing the management and oversight functions of the
Directors and the Board of Commissioners; the composition corporation, namely the Board of Directors and the Board
and remuneration of the Board of Directors and the Board of Commissioners;
of Commissioners; the working relationship between the 2. The fourth, fifth, and sixth groups comprise principles
Board of Directors and the Board of Commissioners; ethical governing the processes and outcomes generated by the
conduct; risk management, internal control, and compliance; Board of Directors and the Board of Commissioners;
disclosure and transparency; shareholders’ rights; and 3. The seventh and eighth groups comprise principles
stakeholders’ rights. These principles are grouped into 3 governing the owners of resources, who primarily receive
(three) categories: the benefits from the implementation of Corporate
Governance.
Corporate Governance principles are described in the
following table:
Definition Key Implementation Guidelines
Roles and Responsibilities of the Board of Directors and the Board of Commissioners
The Board of Directors and the Board of Commissioners Principle 1 relates to the roles and responsibilities of the
perform their roles and responsibilities independently to Board of Directors in managing the Company, and the
create sustainable value in the best long-term interests of Board of Commissioners in overseeing the management
the Company and shareholders, while taking into account the of the Company by the Board of Directors. In addition, this
interests of stakeholders. Principle governs the performance assessment of the Board
of Directors and the Board of Commissioners and their
respective members, the handling of conflicts of interest
involving members of the Board of Directors and the Board
of Commissioners, as well as the enhancement of the
competencies of members of the Board of Directors and the
Board of Commissioners.
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Definition Key Implementation Guidelines
Composition and Remuneration of the Board of Directors and the Board of Commissioners
Members of the Board of Directors and the Board of Principle 2 requires that the selection and appointment
Commissioners are selected and appointed in such a way that of members of the Board of Directors and the Board
the composition of the Board of Directors as the management of Commissioners be carried out in such a manner that
organ and the composition of the Board of Commissioners each body, as the management and supervisory organs
as the supervisory organ are diverse, each consisting of respectively, have the knowledge, capabilities, and expertise
members who possess the commitment, knowledge, required in accordance with their respective roles. In addition,
capability, experience, and expertise required to properly this Principle emphasizes the importance of remuneration
fulfill their management and oversight roles. Remuneration policies in encouraging members of the Board of Directors
is designed to effectively align the interests of members of and the Board of Commissioners to prioritize the long-term
Corporate Governance
the Board of Directors and the Board of Commissioners with interests of the Company based on sustainability principles,
the long-term interests of the Company and the creation of and requires the transparent and accountable disclosure of
sustainable value. remuneration policies and information received.
Working Relationship between the Board of Directors and the Board of Commissioners
The Board of Directors and the Board of Commissioners Principle 3 emphasizes the importance of a close, open,
maintain a close, open, constructive, and professional working constructive, professional, and trust-based working
relationship based on mutual trust for the best interests of the relationship between the Board of Directors and the Board
Company. of Commissioners in achieving the best interests of the
Company. This Principle also governs the need for the Board
of Commissioners to have access to complete information,
as well as the importance for members of the Board of
Directors and the Board of Commissioners to understand the
implications of the Company’s ownership structure for the
performance of their respective roles.
Ethical Conduct
The Company is committed to acting ethically and responsibly, Principle 4 requires the Company to issue periodic statements
and to upholding organizational values and culture. regarding its commitment not only to comply with applicable
laws and regulations, but also to act ethically and responsibly.
Risk Management, Internal Control, and Compliance
GCG practices are integrated with the application of internal Principle 5 requires the Board of Directors to implement
control and risk management systems, as well as an effective governance, internal control and risk management systems,
compliance management system, in order to support the and a compliance management system in an integrated
achievement of corporate objectives, vision, mission, and manner as part of the Company’s strategy, management
performance targets while conducting business with integrity. tools, and practices in conducting business responsibly
(responsible business) as a good corporate citizen. The
Board of Commissioners monitors and provides input on
the effectiveness of the integrated implementation of
governance, internal control and risk management systems,
and the Company’s compliance management system carried
out by the Board of Directors.
Disclosure and Transparency
Accurate and timely disclosure of all material matters relating Principle 6 requires the Company to have a governance
to the Company are made. framework that is capable of providing assurance of
producing accurate and timely disclosure of all material
matters relating to the Company, including its financial
condition and performance, ownership structure, and
Corporate Governance.
Shareholders’ Rights
The Company protects and facilitates shareholders’ rights Principle 7 explains the fulfillment of shareholders’ rights
and ensures fair treatment, including minority shareholders. and fair treatment, the mechanisms for active engagement
All shareholders are provided with the opportunity to obtain between the Company and its shareholders, as well as the
effective solutions for any violations of their rights. effective exercise of certain shareholders’ rights through the
GMS.
Stakeholders’ Rights
The Company recognizes the rights of stakeholders Principle 8 explains the roles of the Board of Directors and
as stipulated in applicable laws and regulations or in the Board of Commissioners in integrating sustainability into
agreements entered into by the Company, and encourages the Company’s business model, carrying out stakeholder
active cooperation with stakeholders in creating wealth, engagement, and ensuring the protection of stakeholders’
employment, and financially sound business sustainability. rights. The Board of Commissioners monitors the integration
as implemented by the Board of Directors.
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Corporate Governance Objectives
The implementation of GCG within the Company is 4. Promote awareness among the Company’s People of their
intended to: responsibilities to stakeholders as well as to safety, health,
1. Optimize the Company’s potential and value, as well as that and environmental sustainability in the areas surrounding
of its People, in order to maintain strong competitiveness the Company’s operations; and
and uphold integrity and credibility in the eyes of all 5. Encourage the creation of benefits in each of the
stakeholders; Company’s operational areas and in every business field
2. Ensure that the Company is managed in a professional, developed.
efficient, and effective manner while empowering the
functions of the Company’s governance organs;
3. Ensure that the Company’s governance organs are able to
formulate independent decisions based on moral values
and a high level of compliance with prevailing laws and
regulations;
Corporate Governance Framework
Corporate Governance is implemented through 3 (three) practices. These serve as the basis for all actions of the
frameworks, namely governance structure, governance Company in implementing GCG, including:
process, and governance outcome, to promote best
Corporate Governance Structure Corporate Governance Process Corporate Governance Outcome
• Main Organs • Fulfillment of Shareholders’ rights and • Maximizing the Company’s value.
• Supporting Organs equal treatment of all Shareholders. • Enhancing the Company’s
• Infrastructure • Fulfillment of Stakeholders’ rights. competitiveness.
• Performance of duties and • Promoting transparent and efficient
responsibilities. management of the Company.
• Transparency of the Company’s • Encouraging the Company’s organs
financial and non-financial condition. to manage the Company based on
high moral values and compliance with
applicable laws and regulations.
• Controlling and directing relationships
among the Company’s organs.
• Promoting awareness of the
Company’s social responsibility to
Stakeholders.
• Enhancing market confidence to
encourage investment and national
economic growth.
Corporate Governance Structure
The GCG organs consist of the General Meeting of AKR also has supporting organs with clearly defined
Shareholders (GMS), the Board of Commissioners, and the authorities which are established to support the structured
Board of Directors which form the foundation for AKR in and systematic implementation of GCG, where each organ
setting the vision and mission, as well as in supporting the is expected to clearly understand its functions and duties as
achievement of objectives and targets to ensure business stipulated in the Articles of Association and applicable laws
sustainability. Based on this, AKR places synergy and and regulations.
harmonization among the Company’s organs as a key element 1. General Meeting of Shareholders (GMS)
in creating effective decision-making and ensuring the The GMS holds authority not granted to the Board of
sustainable implementation of GCG. Directors or the Board of Commissioners within the
limits determined by applicable laws and the Articles of
Association.
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2. Board of Commissioners 3. Board of Directors
The Board of Commissioners is tasked with carrying out The Board of Directors has full authority and responsibility
general and/or specific supervision in accordance with for the management and interests of the Company,
the Articles of Association and providing advice to the in accordance with its purposes and objectives, and
Board of Directors. To support GCG oversight, the Board represents the Company in accordance with the Articles of
of Commissioners is assisted by the following Committees: Association. Supporting organs include, among others:
a. Audit Committee; and a. Corporate Secretary;
b. Nomination and Remuneration Committee. b. Internal Audit; and
c. Investor Relations.
Corporate Governance
Governance Structure
General Meeting Shareholder
Nomination and Remuneration
Committee
Board of Commissioners
ESG Committee Audit Committee
Board of Directors
Investor Relations Corporate Secretary Internal Audit
Governance Soft Structure The policies and guidelines govern the working relationships
of all organs within the Company in accordance with the
Governance organs are supported by a set of policy Articles of Association and applicable laws and regulations.
instruments, or governance soft structure, to ensure clear The Company has established the following Policies and
duties and responsibilities and to ensure be effective and Guidelines:
well-directed implementation. The policies and guidelines 1. Articles of Association;
at AKR serve as guidance for every employee in carrying out 2. Guidelines for the Board of Directors and the Board of
operational activities. These policy instruments have been Commissioners;
jointly approved by the Board of Commissioners and the 3. Audit Committee Charter;
Board of Directors. 4. Nomination and Remuneration Committee Charter;
5. ESG Committee Charter;
6. Internal Audit Charter;
7. Risk Management Policy;
8. Whistleblowing System and Anti-Corruption Policy;
9. Supplier Selection and Creditors’ Rights;
10.Blackout Period Policy; and
11. Code of Conduct.
Corporate Governance Mechanisms
The purpose of governance mechanisms is to regulate To enhance the quality of governance, the Company
coordination among the Company’s organs so that they act internalizes a governance culture among all employees. This
in accordance with their respective duties and functions. The forms the basis for continuous governance improvement
Board of Commissioners is supported by the Audit Committee and refinement to consistently deliver long-term valued to all
and the Nomination and Remuneration Committee, while the stakeholders. The Company has 3 (three) main focus areas in
Board of Directors is supported by the Internal Audit Unit, the implementing this internalization process, namely:
Corporate Secretary, and Investor Relations.
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Compliance Confidence Tranparency
This represents the Company’s Represents the cultivation of an Demonstrates that the Company
principle of compliance with GCG optimistic and confident mindset consistently upholds the principle
across all aspects, including the that consistently delivers the best of transparency providing
implementation of Company outcomes for all Stakeholders. information required by investors.
policies.
Commitment is maintained to the implementation of GCG principles through two main approaches; the internalization of GCG
values among all employees in every business process, and the strengthening of information disclosure to external parties. Details
are presented in the following table:
Internalization External Exposure
• Procurement Procedures • Investor relations activities (quarterly results briefings,
• Employee Selection Procedures investor presentations, conferences, roadshows, and
• Recruitment Procedures special meetings attended by investors and analysts).
• Reporting Procedures • Annual public presentation.
• Marketing Procedures • Submission of disclosures to the Financial Services
Authority (OJK) and the Indonesia Stock Exchange (BEI).
• Regular updates to the Company’s website
(www.akr.co.id).
• Periodic dissemination of information in the form of news
releases to stakeholders.
Assessment of Corporate
Governance Implementation
Periodically, the Company conducts GCG assessments as AKR applies 2 (two) GCG assessment methods, namely (i)
part of a checks-and-balances mechanism to measure the a self-assessment based on Financial Services Authority
quality of its implementation. These assessments ensure regulations conducted internally by the Company and (ii)
that the Company complies with applicable regulations and an assessment adopting the parameters of the ASEAN
standards of business ethics and, in addition, play a role in Corporate Governance Scorecard (ACGS). These methods
building and maintaining stakeholder trust. use generally recognized parameters to ensure objective and
credible assessments.
Self-Assessment
The self-assessment–based evaluation of GCG 3. Governance Outcome
implementation is conducted in accordance with the Evaluation of the quality of governance outcomes to
provisions of POJK 21/2015, and is carried out in a systematic determine whether governance structures and processes
and comprehensive manner across three aspects, namely have been implemented properly and in line with
governance structures, governance process, and governance stakeholder expectations.
outcome. The three aspects are described as follows:
1. Governance Structure The Corporate Secretary and Investor Relations conduct
Assessment of the adequacy of governance structure the self-assessment with relevant data and information
and infrastructure in producing outcomes that meet collected to assess the adequacy and effectiveness of GCG
stakeholder expectations. implementation. The findings serve as benchmarks for AKR
2. Governance Process in following up on recommendations to further enhance the
Evaluation of the effectiveness of processes for quality of GCG within the Company.
implementing GCG supported by the adequacy of the
structure and infrastructure to produce acceptable results.
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The findings and follow-up actions are sourced from internal Recommendations and follow-up actions resulting from
parties, including the Board of Commissioners, the Board the 2025 self-assessment on GCG implementation include,
of Directors, the Corporate Secretary, Human Resources, among others:
Internal Audit, and the ESG Committee. The Company also
accommodates findings from external parties, including
shareholders, rating agencies, the public, and the media.
No Governance Focus Area Recommendation Follow-up Actions
1. Affiliated Transaction Enhancement of policies and review Periodic review of affiliated transaction
Policy mechanisms for affiliated transactions policies, strengthening of internal review
Corporate Governance
to ensure independence, fairness, and processes, and improvement of reporting
regulatory compliance. and monitoring of material transactions to
management and supervisory organs.
2 Policy Change Risk Improving the Company’s readiness in Regular monitoring of regulatory
Management anticipating policy and regulatory changes developments, cross-functional coordination
that may affect business activities. for impact analysis, and integration of policy
risks into the Company’s risk management
framework.
3 Information Transparency Implementation of accurate, balanced, Alignment of disclosure and external
Management and measured disclosures to maintain communication processes, strengthening
compliance and support the Company’s cross-functional coordination, and improving
strategic interests. consistency of messaging to stakeholders.
4 Stakeholder Expectation Strengthening constructive and Alignment of the Company’s strategic
Management sustainable communication with key messaging and enhancement of engagement
stakeholders to maintain trust and ensure effectiveness with investors, regulators, and
business stability. business partners.
5 Board of Directors Strengthening the Board of Directors’ Alignment of the Board of Directors’ Key
Performance Evaluation performance evaluation process in a Performance Indicators (KPIs) with the
structured manner aligned with the Company’s strategy and the Company’s
Company’s long-term strategy. risk management, periodic performance
evaluations through established mechanisms,
and utilization of evaluation results to enhance
leadership effectiveness and decision-
making.
External Assessment
AKR reinforces the completion of all assessment components Based on the 2024 ACGS assessment conducted by PT RSM
aspects under the ASEAN Corporate Governance Scorecard Indonesia Konsultan, the Company obtained a total score of
(ACGS), which adopts GCG practice assessment standards 101.06, representing a significant improvement compared to
based on the principles of the Organisation for Economic the 2021 ACGS score of 84.45. There are 4 (four) assessment
Co-operation and Development (OECD). The ACGS is a GCG aspects under ACGS Version 2 – March 2024, with details as
assessment instrument developed by the ASEAN Capital follows:
Market Forum (ACMF).
Parameter Skor
Principle A: Rights and Equal Treatment of Shareholders 92,31
Principle B: Sustainability and Resilience 95,45
Principle C: Disclosure and Transparency 88,24
Principle D: Board Responsibility 82,54
Total Score (Level 1 & 2) 101,06
Based on these assessment results, AKR’s GCG The PLC governance assessment is based on publicly
implementation has exceeded minimum compliance available and accessible information with a cut-off date of
requirements and reflects the adoption of advanced GCG 30 June 2024. The review of such public information includes
practices aligned with international standards as set out under the Annual Report, Sustainability Report, corporate website,
the ACGS. A score of 101.06 classifies the Company as an General Meeting of Shareholders (notices, invitations,
ASEAN Asset Class Public Listed Company (PLC), placing the minutes, and summaries of minutes), Articles of Association,
Company significantly above the average score of large-cap Board of Commissioners and Board of Directors charters,
issuers (BigCap100) of 73.63 and mid-cap issuers (MidCap) Company announcements on the stock exchange, and media
of 65.38. publications.
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General Meeting
of Shareholders
The General Meeting of Shareholders (GMS) is the highest AKR safeguards the interests of minority shareholders in
organ in the GCG structure and serves as a forum for decision-making and contributing constructive ideas and
shareholders to exercise rights and authorities that are input for the Company. To support this, the Company has
not vested in the Board of Commissioners or the Board of Independent Commissioners who do not represent the
Directors, within limits stipulated by prevailing laws and interests of any particular controlling shareholder.
regulations and the Company’s Articles of Association. The
GMS also serves as a forum for the Board of Commissioners to The convening of the GMS refers to Law No. 40 of 2007 on
report on its supervisory responsibilities and for the Board of Limited Liability Companies, Financial Services Authority
Directors to report on the management of the Company. Regulation No. 15/POJK.04/2020 on the Planning and
Conduct of General Meetings of Shareholders of Public
Through the GMS, the Articles of Association may be Companies (POJK 15/2020), and the Company’s Articles of
amended, members of the Board of Directors and/or the Association. The types of GMS held by the Company include:
Board of Commissioners may be appointed and dismissed, 1. the Annual General Meeting of Shareholders (AGMS) held
the allocation of duties and authorities among members of the each year; and
Board of Directors may be determined, and other matters may 2. the Extraordinary General Meeting of Shareholders
be decided. Shareholders have the right to decide on material (EGMS) held as necessary at the request of the Board of
matters relating to the Company’s sustainability, to express Directors based on a written request from the Board of
their views, and to obtain information regarding the Company. Commissioners or shareholders.
Decisions are taken in a fair and transparent manner through
deliberation or through a voting mechanism by shareholders To enhance shareholder engagement and ensure the
present or their lawful proxies in accordance with applicable application of transparency, the Investor Relations
provisions. Department proactively sends invitations to encouraging
shareholders to attend. In addition, Investor Relations
collaborates with a third party, ISS Research, to obtain
preliminary voting input from shareholders.
Authorities of the General Meeting of Shareholders
The GMS has the following authorities: 5. to grant ratification and/or make decisions required to
1. to appoint, dismiss, and/or replace members of the Board safeguard the Company’s business interests in both the
of Directors, taking into account recommendations from long term and the short term in accordance with prevailing
the Board of Commissioners and/or the Nomination and laws and regulations and/or the Articles of Association;
Remuneration Committee; 6. to approve the determination of salaries and other
2. to appoint, dismiss, and/or replace members of the Board benefits for members of the Board of Directors, as well as
of Commissioners, taking into account recommendations honoraria and other benefits for members of the Board of
from the Nomination and Remuneration Committee; Commissioners;
3. to approve the Annual Report, including the ratification of 7. to appoint an Independent Public Accounting Firm to
the Financial Statements and the supervisory report of the conduct the Company’s financial audit;
Board of Commissioners, in accordance with prevailing 8. to approve amendments to the Company’s Articles of
laws and regulations and/or the Company’s Articles of Association in accordance with applicable laws and
Association; regulations;
4. to approve the determination of the use of the Company’s 9. to make decisions through open, fair, and accountable
net profit; processes; and
10.to implement GCG in accordance with its authorities and
responsibilities.
Procedures for Convening the General Meeting of Shareholders
The procedures for convening and conducting the GMS 2. Announcements and the formal notice of the GMS are
are regulated under Article 11 of the Company’s Articles of published by the Company through the Indonesia Stock
Association and are in accordance with POJK 15/2020, and Exchange website, eASY.KSEI, and the Company website.
include the following: 3. The Company does not send separate invitation letters to
1. Notification of the planned convening of the meeting is shareholders; therefore, the published notice serves as the
submitted to the Financial Services Authority by way a official invitation.
formal notification letter.
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4. Shareholders entitled to attend or be represented at the d. Each share entitles its holder to 1 (one) vote. If a
GMS are: shareholder holds more than 1 (one) share, only 1
a. for shares not held in collective custody, shareholders or (one) vote is cast, representing all shares owned or
their authorized proxies whose names are duly recorded represented (Article 11 paragraph 14).
in the Company’s Register of Shareholders; and e. Shareholders present who abstain from voting are
b. for shares held in collective custody, shareholders or deemed to have cast a vote in line with the majority of
their authorized proxies whose names are recorded with votes cast (Article 11 paragraph 18).
the account holders or Custodian Banks at PT Kustodian 9. Procedures for shareholders to submit questions and/or
Sentral Efek Indonesia (KSEI). Securities account opinions:
holders under collective custody are required to submit a. Shareholders or their proxies attending physically are
their shareholder lists to KSEI in order to obtain a written requested to raise their hands to receive a question
Corporate Governance
confirmation for the GMS (KTUR). form from the meeting staff.
5. Shareholders may participate in the meeting by: b. Questions must be submitted in writing, stating the
a. attending physically; or name and number of shares held.
b. attending electronically through the eASY.KSEI c. Shareholders or their proxies participating via media
application. conferencing may submit questions through the chat
6. The Company ensures that shareholders who are unable feature in the ‘Electronic Opinions’ column on the
to attend or choose not to attend the meeting may still E-Meeting Hall screen of the eASY.KSEI application,
exercise their rights by: stating their name, number of shares owned or
a. authorizing an electronic proxy (“e-Proxy”) through represented, the relevant agenda item, and the
the Electronic General Meeting System (eASY.KSEI) question.
provided by PT Kustodian Sentral Efek Indonesia (KSEI), d. Shareholders or their proxies viewing the meeting
accessible via https://easy.ksei.co.id (“eASY.KSEI through the GMS broadcast may use the “raise hand”
Application”), from the date of the meeting notice until feature to submit questions and/or opinions during the
12.00 WIB on 1 (one) business day prior to the meeting, in discussion session for each agenda item.
accordance with the procedures available on the eASY. e. Questions must relate to the relevant agenda item and
KSEI Application; or be delivered in a concise and focused manner.
b. granting a proxy to an independent party appointed f. The Chair will provide responses and may request
by the Company or to another party appointed by the assistance from members of the Board of Directors or
shareholder by completing a Power of Attorney form other parties to address the questions.
available on and downloadable from the Company’s g. For efficiency and orderly conduct, the Chair has the
website (www.akr.co.id), in accordance with the terms right to limit the time for questions and responses for
stated in the meeting notice. each agenda item.
7. Prior to entering the meeting room, shareholders or their 10.Voting procedures:
proxies attending physically are required to: a. A vote is conducted for each agenda item.
a. register on the meeting date before the start of meeting b. Voting takes place after discussion of each agenda item
by submitting a copy of the Collective Share Certificate and the presentation of proposed resolutions, upon
and a copy of their Identity Card (KTP) or other valid instruction by the Chair, and is supervised by a Notary
identification. and the Share Registrar as independent parties.
8. Quorum and decision-making mechanisms for the Meeting c. Electronic voting is conducted through the eASY.
agenda items: KSEI application in the E-Meeting Hall under the Live
a. The Annual GMS may be convened if attended or Broadcasting submenu.
represented by shareholders holding more than 1/2 (one d. The Company sets the electronic voting period for each
half) of the total voting shares (Article 11 paragraph 3 of agenda item at a maximum of 5 (five) minutes.
the Company’s Articles of Association). e. At the end of the voting process, the Notary announces
b. Decisions are taken by deliberation for consensus. the voting results for each agenda item.
If consensus is not achieved, decisions are made
by voting as stipulated in the Company’s Articles of
Association (Article 11 paragraph 2).
c. Resolutions of the Annual GMS are valid if approved by
more than 1/2 (one half) of the voting shares present or
represented at the meeting (Article 11 paragraph 3).
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Shareholder Rights at the General Meeting of Shareholders
The Company has regulated shareholder rights at the GMS in 3. Shareholders or their proxies are entitled to ask questions
accordance with applicable provisions, as follows: and/or express opinions or responses in relation to the GMS
1. Shareholders are entitled to attend the GMS either in agenda items and other matters related to the relevant
person or through a proxy based on a power of attorney. agenda items before decisions are taken.
Shareholders entitled to attend the GMS are those 4. Shareholders are entitled to vote at the GMS. Each share
whose names are recorded in the Company’s Register of entitles its holder to 1 (one) vote. If a shareholder holds more
Shareholders 1 (one) business day prior to the GMS notice. than 1 (one) share, only 1 (one) vote is cast, representing all
2. Shareholders are entitled to obtain information on the shares owned or represented.
GMS agenda items and related materials, insofar as such
disclosure does not conflict with the interests of the
Company.
2025 General Meeting of
Shareholders Implementation
Annual General Meeting of Shareholders
AKR’s Annual General Meeting of Shareholders was held in of capital market supporting institutions and professions. The
a hybrid format (physical and online) on 28 April 2025 and resolutions were set out in Deed No. 16 drawn up by Aryanti
attended by the Board of Commissioners, the Board of Artisari, S.H., M.Kn, Notary in Jakarta.
Directors, shareholders or their proxies, and representatives
Process for Holding the Annual General Meeting of Shareholders
Day/Date Monday, 28 April 2025
Time 10.16 to 11.36 WIB
Venue AKR Gallery West, Meeting Room Floor P2, Jl. Panjang No.5, Kebon Jeruk, West Jakarta
11530, Indonesia.
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Attendance Board of Commissioners
1. Soegiarto Adikoesoemo* President Commissioner
2. Sofyan A. Djalil Commissioner
3. Mohamad Fauzi Maulana Ichsan Independent Commissioner
Board of Directors
1. Haryanto Adikoesoemo President Director
2. Jimmy Tandyo Director
3. Bambang Soetiono Soedijanto Director
4. Mery Sofi Director
Corporate Governance
5. Suresh Vembu Director
6. Nery Polim Director
7. Termurti Tiban Director
*) Attended via teleconference through the Electronic General Meeting System (“eASY.KSEI”).
Shareholders A total of 7,396,958,496 shares (88.07%) were represented at the Meeting out of
attending in 19,752,819600 shares (total outstanding shares after deducting treasury shares of
person / by proxy 320,655,000 shares). This calculation was based on the Company’s Register of
Shareholders as of 27 March 2025 at 16.00 WIB.
Capital Market Supporting Institutions and Professions:
1. Aryanti Artisari, S.H., M.Kn, Notary appointed by the Company to prepare the Minutes
of Meeting, from the Office of Aryanti Artisari, S.H., M.Kn;
2. Nyoman Swastini and Antonius Bambang Sigit Pratono from PT Raya Saham Registra,
the Share Registrar appointed by the Company;
3. Benyanto Suherman from the Public Accounting Firm “Purwanto Susanti and Surja” (a
member firm of Ernst & Young Global Limited); and
4. Legal Counsel, Iwan Setiawan, S.H., from Makes & Partners Law Firm.
Stages of the Annual General Meeting of Shareholders
Notification of the Annual GMS to 14 March 2025
the Financial Services Authority
The Company submitted notification of the meeting agenda to the Financial Services
Authority (OJK) on 14 March 2025 through Letter No. 019/L-AKR-CS/2025 regarding the
Notification of the Annual General Meeting of Shareholders of PT AKR Corporindo Tbk.
Announcement of the Annual GMS 21 March 2025
• Conducted no later than 15 (fifteen) days from the date of the request to convene
the GMS.
• Published on the official websites of the Indonesia Stock Exchange, eASY.KSEI, and
the Company’s official website at www.akr.co.id
Notice and Information on the 5 April 2025
Annual GMS Agenda Items
Conducted 21 (twenty one) days prior to the convening of the GMS, excluding the date
of the notice and the date of the Annual GMS.
Convening the Annual General 28 April 2025
Meeting of Shareholders
Following the issuance of the letter of PT Kustodian Sentral Efek Indonesia (KSEI)
No. KSEI-4012/DIR/0521 dated 31 May 2021 regarding the implementation of the
e-Proxy and e-Voting modules together with the broadcast of the General Meeting of
Shareholders, KSEI provides the E-GMS platform for electronic meetings. Accordingly,
the Meeting was conducted through the eASY.KSEI application, allowing the Company’s
shareholders to participate electronically.
Annual Report 2025
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Agenda Item 1
Agenda Items Approval and ratification of the Board of Directors’ Report on business activities and financial
administration for the financial year ended 31 December 2024, as well as approval and ratification of the
Financial Statements, including the Statement of Financial Position and the Statement of Profit or Loss for
the financial year ended 31 December 2024 as audited by an Independent Public Accountant; approval of
the Company’s Annual Report; approval of the supervisory report of the Board of Commissioners for the
financial year ended 31 December 2024; and the granting of full release and discharge of responsibility
(acquit et de charge) to all members of the Board of Directors and the Board of Commissioners for their
management and supervisory actions during the financial year ended 31 December 2024.
Voting Results Abstain Agree Disagree Total in Favour
228.366.448 17.167.430.779 1.161.269 17.395.797.227
(1,31%) (98,68%) (0,01%) (99,99%)
AGMS 1. Approval of the Annual Report for the financial year ended 31 December 2024, which includes, among
Resolutions others, the Board of Directors’ Report on the Company’s business activities and financial administration
as well as the supervisory report of the Board of Commissioners for the financial year ended 31
December 2024.
2. Ratification of the Financial Statements for the 2024 financial year, which have been audited by the
Public Accounting Firm “PURWANTO SUSANTI AND SURJA” (a member firm of Ernst & Young Global
Limited) with an opinion of “fairly stated in all material respects” as stated in its report dated 18 March
2025 No. 00233/2.1032/AU.1/05/0685-5/1//I/2025.
3. Granting of full release and discharge of responsibility (“volledig acquit et de charge”) to all members of
the Board of Directors and the Board of Commissioners for their management and supervisory actions
during the 2024 financial year, insofar as such actions are included in activities related to the Company’s
core business and are reflected in the Annual Report and Financial Statements for the financial year
ended 31 December 2024.
Implementation Implemented in 2025.
Agenda Item 2
Agenda Items Approval of the planned use of the Company’s net profit for the financial year ended 31 December 2024.
Voting Results Abstain Agree Disagree Total in Favour
181.943.400 17.215.015.096 0 17.396.958.496
(1,05%) (98,95%) (0,00%) (100,00%)
AGMS 1. Approval of the use of Profit for the Year Attributable to Owners of the Parent in the amount of
Resolutions Rp2,225,117,975,000.00, as follows:
a. an amount of Rp200,000,000.00 allocated to the Reserve Fund in accordance with Article 70 of
the Limited Liability Company Law and Article 23 of the Company’s Articles of Association;
b. b. an amount of Rp1,975,281,960,000.00 to be distributed to all legitimate shareholders of the
Company as cash dividends, representing 88.77% of the Profit for the Year Attributable to Owners of
the Parent, after deducting the interim dividend previously distributed to shareholders based on the
Resolution of the Board of Directors dated 23 July 2024 in the amount of Rp987,640,980,000.00 or
Rp50.00 per share based on the number of shares outstanding at that time.
Accordingly, the remaining dividend to be paid to shareholders amounts to Rp987,640,980,000.00
or up to Rp50.00 per share based on the current number of shares outstanding. The number of shares
outstanding is 19,752,819,600 shares, after deducting treasury shares of 320,655,000 shares.
The payment of such Cash Dividend shall be made based on the determination of the Recording
Date, namely 9 May 2025 at 16.00 WIB, taking into account the Cum and Ex dividend dates in
accordance with the Indonesia Stock Exchange regulations, and the Board of Directors is also
authorized to further determine the procedures for the distribution of such dividends in accordance
with applicable laws and regulations.
c. the remaining amount of Rp249,636,015,000.00 is recorded as Retained Earnings and used as the
Company’s Working Capital.
2. Authorization and power are granted to the Board of Directors of the Company to take all necessary
actions in connection with the implementation of the use of the Company’s net profit for the financial
year ended 31 December 2024.
Implementation Implemented in 2025.
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Agenda Item 3
Agenda Items Appointment of an Independent Public Accounting Firm to conduct the audit of the Company’s financial
records for the financial year ended 31 December 2025.
Voting Results Abstain Agree Disagree Total in Favour
181.936.800 17.215.021.696 0 17.396.958.496
(1,05%) (98,95%) (0,00%) (100,00%)
AGMS 1. Appointment of the Public Accounting Firm Purwanto Susanti and Surja (a member firm of Ernst & Young
Resolutions Global Limited) to audit the Company’s consolidated Financial Statements for the financial year ended
Corporate Governance
31 December 2025, and granting authority to the Board of Commissioners to determine the audit fee
and other terms in accordance with applicable regulations in connection with such appointment.
2. Granting authority and power to the Board of Commissioners to appoint a substitute Public Accounting
Firm to audit the Company’s consolidated Financial Statements for the financial year ended 31
December 2025, including to determine the audit fee and other terms in accordance with applicable
regulations, in the event that the appointed Public Accounting Firm is unable to perform its duties for any
reason.
Implementation Implemented in 2025.
Agenda Item 4
Agenda Items Changes in the composition of the Company’s management.
Voting Results Abstain Agree Disagree Total in Favour
181.943.400 17.154.135.698 60.879.398 17.336.079.098
(1,05%) (98,60%) (0,35%) (99,65%)
AGMS a. The term of office of Mr. Soegiarto Adikoesoemo as President Commissioner and Mr. Sofyan A. Djalil
Resolutions as Commissioner was declared ended as of the closing of the meeting, with full release and discharge
(acquit et de charge) granted for their actions during their term of office insofar as such management
and supervisory actions are reflected in the Company’s financial statements and do not constitute
criminal acts or violations of prevailing laws and regulations. Subsequently, Mr. Soegiarto Adikoesoemo
was reappointed as President Commissioner of the Company and Mr. Sofyan A. Djalil was reappointed
as Commissioner for a term of office commencing from the closing of the meeting until the closing of
the Annual GMS in 2030.
b. The term of office of Mr. Mohamad Fauzi Maulana Ichsan as Independent Commissioner of the Company
was declared to have ended as of the closing of the meeting, with full release and discharge (acquit et
de charge) granted for his actions during his term of office insofar as such management and supervisory
actions are reflected in the Company’s financial statements and do not constitute criminal acts or
violations of prevailing laws and regulations. Subsequently, Mr. Mohamad Fauzi Maulana Ichsan was
reappointed as Independent Commissioner of the Company for a term of office commencing from the
closing of the Meeting until the closing of the Annual GMS in 2030.
c. The terms of office of all members of the Board of Directors were declared to have ended as of
the closing of the meeting, with full release and discharge (acquit et de charge) granted for their
management and supervisory actions during their respective terms of office insofar as such actions
are reflected in the Company’s financial statements and do not constitute criminal acts or violations
of prevailing laws and regulations. Subsequently, Mr. Haryanto Adikoesoemo was reappointed as
President Director of the Company, and Mr. Jimmy Tandyo, Mr. Bambang Soetiono Soedijanto, Ms. Mery
Sofi, Mr. Suresh Vembu, Ms. Nery Polim, and Ms. Termurti Tiban were each reappointed as Directors of
the Company for a term of office commencing from the closing of the meeting until the closing of the
Annual GMS in 2030.
The composition of the Board of Commissioners and Board of Directors from the closing of the Meeting
until the closing of the Annual GMS to be held in 2030 is as follows:
Board of Commissioners:
• President Commissioner: Mr. Soegiarto Adikoesoemo
• Commissioner: Mr. Sofyan A. Djalil
• Independent Commissioner: Mr. Mohamad Fauzi Maulana Ichsan
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Board of Directors:
• President Director: Mr. Haryanto Adikoesoemo
• Director: Mr. Jimmy Tandyo
• Director: Mr. Bambang Soetiono Soedijanto
• Director: Ms. Mery Sofi
• Director: Mr. Suresh Vembu
• Director: Ms. Nery Polim
• Director: Ms. Termurti Tiban
Implementation Implemented in 2025.
Agenda Item 5
Determination of remuneration for members of the Board of Commissioners and the Board of Directors for
Agenda Items
the 2025 financial year.
Voting Results Abstain Agree Disagree Total in Favour
181.943.400 17.177.923.596 37.091.500 17.359.866.996
(1,05%) (98,74%) (0,21%) (99,79%)
AGMS 1. Determination that all members of the Board of Commissioners are to receive a maximum honorarium
Resolutions of Rp390,000,000.00 (three hundred ninety million Rupiah) per month, payable 13 (thirteen) times per
year, in addition to other benefits, effective from 30 April 2025, and granting authority to the President
Commissioner to determine the allocation of such honorarium among the members of the Board of
Commissioners, taking into account the opinion of the Nomination and Remuneration Committee.
2. Delegation of authority to the Board of Commissioners to determine the amount of salaries and other
benefits for each member of the Board of Directors.
Implementation Implemented in 2025.
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183
2024 General Meeting of
Shareholders Implementation
Annual General Meeting of Shareholders
Corporate Governance
AKR held its Annual General Meeting of Shareholders on 29 capital market supporting institutions and professions. The
April 2024 in a hybrid format (physical and online) attended resolutions of the meeting were set out in Deed No. 17 drawn
by the Board of Commissioners, the Board of Directors, up by Aryanti Artisari, S.H., M.Kn, Notary in Jakarta.
shareholders or their proxies, and representatives of
Process for Holding the Annual General Meeting of Shareholders
Day/Date Monday, 29 April 2024
Time 10.11 to 12.02 WIB
Venue AKR Gallery West, Meeting Room Floor P2, Jl. Panjang No.5, Kebon Jeruk, West Jakarta
11530, Indonesia.
Attendance Board of Commissioners
1. Soegiarto Adikoesoemo* President Commissioner
2. Sofyan A. Djalil Commissioner
3. Mohamad Fauzi Maulana Ichsan Independent Commissioner
Board of Directors
1. Haryanto Adikoesoemo President Director
2. Jimmy Tandyo Director
3. Bambang Soetiono Soedijanto* Director
4. Mery Sofi* Director
5. Suresh Vembu Director
6. Nery Polim Director
7. Termurti Tiban Director
*) Attended via teleconference through the Electronic General Meeting System (“eASY.KSEI”).
Shareholders A total of 17,264,646,770 shares (87.472759%) were represented at the meeting out
attending in of 19,737,169,600 shares (total outstanding shares after deducting treasury shares
person / by proxy of 336,305,000 shares). This calculation was based on the Company’s Register of
Shareholders as of 4 April 2024 at 16.00 WIB.
Capital Market Supporting Institutions and Professions:
1. Aryanti Artisari, S.H., M.Kn, Notary appointed by the Company to prepare the Minutes
of Meeting, from the Office of Aryanti Artisari, S.H., M.Kn;
2. Harsoyo and Lusiany Lugina from PT Raya Saham Registra, the Share Registrar
appointed by the Company;
3. Benyanto Suherman from the Public Accounting Firm “PURWANTONO, SUNGKORO
& SURJA” (a member firm of Ernst & Young Global Limited); and
4. Legal Counsel, Iwan Setiawan, S.H., from Makes & Partners Law Firm.
Stages of the Annual General Meeting of Shareholders
Notification of the Annual GMS to 13 March 2024
the Financial Services Authority
The Company submitted notification of the meeting agenda to the Financial Services
Authority (OJK) on 13 March 2024 through Letter No. 022/L-AKR-CS/2024 regarding the
Notification of the Annual General Meeting of Shareholders of PT AKR Corporindo Tbk.
Announcement of the Annual GMS 20 March 2024
• Conducted no later than 15 (fifteen) days from the date of the request to convene
the GMS.
• Published on the official websites of the Indonesia Stock Exchange, eASY.KSEI, and
the Company’s official website at www.akr.co.id
Annual Report 2025
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Notice and Information on the 5 April 2024
Annual GMS Agenda Items
Conducted 21 (twenty one) days prior to the convening of the GMS, excluding the date
of the notice and the date of the Annual GMS.
Convening the Annual General 29 April 2024
Meeting of Shareholders
Following the issuance of the letter of PT Kustodian Sentral Efek Indonesia (KSEI)
No. KSEI-4012/DIR/0521 dated 31 May 2021 regarding the implementation of the
e-Proxy and e-Voting modules together with the broadcast of the General Meeting of
Shareholders, KSEI provides the E-GMS platform for electronic meetings. Accordingly,
the meeting was conducted through the eASY.KSEI application, allowing the Company’s
shareholders to participate electronically.
Agenda Item 1
Agenda Items Approval and ratification of the Board of Directors’ Report on the business activities and financial
administration for the financial year ended 31 December 2023, as well as approval and ratification of the
Financial Statements, including the Statement of Financial Position and the Statement of Profit or Loss for
the financial year ended 31 December 2023 as audited by an Independent Public Accountant; approval
of the Annual Report; approval of the supervisory report of the Board of Commissioners for the financial
year ended 31 December 2023; and the granting of full release and discharge of responsibility (acquit et de
charge) to all members of the Board of Directors and Board of Commissioners for the financial year ended
31 December 2023.
Voting Results Abstain Agree Disagree Total in Favour
392.052.881 16.863.960.789 8.633.100 17.256.013.670
(2,270842%) (97,679153%) (0,050005%) (99,949996%)
AGMS 1. Approval of the Annual Report for the financial year ended 31 December 2023, which includes, among
Resolutions others, the Board of Directors’ Report on business activities and financial administration as well as the
supervisory report of the Board of Commissioners for the financial year ended 31 December 2023.
2. Ratification of the Financial Statements for the 2023 financial year, which have been audited by the
Public Accounting Firm “PURWANTONO, SUNGKORO & SURJA” (a member firm of Ernst & Young Global
Limited) with an opinion of “fairly stated in all material respects” as stated in its report dated 20 March
2024 No. 00252/2.1032/AU.1/05/0685-4/1/III/2024.
3. Granting of full release and discharge of responsibility (“volledig acquit et de charge”) to all members of
the Board of Directors and the Board of Commissioners for the management and supervisory actions
they have carried out during the 2023 financial year, insofar as such actions are included in activities
related to the Company’s core business and are reflected in the Company’s Annual Report and Financial
Statements for the financial year ended 31 December 2023.
Implementation Implemented in 2024.
Agenda Item 2
Agenda Items Approval of the plan for the use of the Company’s net profit for the financial year ended 31 December 2023.
Voting Results Abstain Agree Disagree Total in Favour
218.096.688 17.046.549.982 100 17.264.646.670
(1,263256%) (98,736743%) (0,000001%) (99,999999%)
AGMS 1. Approval of the use of Profit for the Year Attributable to Owners of the Parent in the amount of
Resolutions Rp2,780,349,511,000.00, as follows:
a. an amount of Rp200,000,000.00 allocated to the Reserve Fund in accordance with Article 70 of
the Limited Liability Company Law and Article 23 of the Company’s Articles of Association;
b. an amount of Rp2,467,146,200,000.00 to be distributed to all legitimate shareholders as cash
dividends, representing 88.73% of the Profit for the Year Attributable to Owners of the Parent, after
deducting interim dividends previously distributed twice to shareholders based on:
• Interim Dividend 1: Resolution of the Board of Directors dated 24 July 2023 in the amount of
Rp986,858,480,000.00 or Rp50.00 per share based on the number of shares outstanding at
that time;
• Interim Dividend 2: Resolution of the Board of Directors dated 23 October 2023 in the amount of
Rp493,429,240,000.00 or Rp25.00 per share based on the number of shares outstanding at that
time.
Annual Report 2025
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185
The remaining dividend to be paid to shareholders amounts to Rp986,858,480,000.00 or up to
Rp50.00 per share based on the current number of shares outstanding. The number of shares
outstanding is 19,737,169,600 shares, after deducting treasury shares of 336,305,000 shares.
The payment of such Cash Dividend shall be made based on the determination of the Recording
Date, namely 14 May 2024 at 16.00 WIB, taking into account the Cum and Ex dividend dates in
accordance with the Indonesia Stock Exchange regulations, and the Board of Directors is also
authorized to further determine the procedures for the distribution of such dividends in accordance
with applicable laws and regulations.
c. the remaining amount of Rp313,003,311,000.00 is recorded as Retained Earnings and used as the
Company’s Working Capital.
Corporate Governance
2. Authorization and power are granted to the Board of Directors to take all necessary actions in connection
with the implementation of the use of the Company’s net profit for the financial year ended 31 December
2023.
Realisasi Implemented in 2024.
Agenda Item 3
Agenda Items Appointment of an Independent Public Accounting Firm to audit the Company’s books for the financial
year ended 31 December 2024.
Voting Results Abstain Agree Disagree Total in Favour
218.096.688 15.555.907.360 1.490.642.722 15.774.004.048
(1,263256%) (90,102668%) (8,634076%) (91,365924%)
AGMS 1. Appointment of the Public Accounting Firm Purwantono, Sungkoro & Surja (a member firm of Ernst
Resolutions & Young Global Limited) to audit the consolidated Financial Statements for the 2024 financial year,
and granting authority to the Board of Commissioners to determine the audit fee and other terms in
accordance with applicable regulations in connection with such appointment.
2. Granting authority and power to the Board of Commissioners to appoint a substitute Public Accounting
Firm to audit the consolidated Financial Statements for the 2024 financial year, including to determine
the audit fee and other terms in accordance with applicable regulations, in the event that the appointed
Public Accounting Firm is unable to perform its duties for any reason.
Implementation Implemented in 2024.
Agenda Item 4
Agenda Items Determination of remuneration for members of the Board of Commissioners and the Board of Directors.
Voting Results Abstain Agree Disagree Total in Favour
218.096.688 15.829.506.341 1.217.043.741 16.047.603.029
(1,263256%) (91,687403%) (7,049341%) (92,950659%)
AGMS 1. Determination that all members of the Board of Commissioners are to receive a maximum honorarium
Resolutions of Rp390,000,000.00 (three hundred ninety million Rupiah) per month, payable 13 (thirteen) times per
year, in addition to other benefits, effective from 29 April 2023, and granting authority to the President
Commissioner to determine the allocation of such honorarium among the members of the Board of
Commissioners, taking into account the opinion of the Nomination and Remuneration Committee.
2. Delegation of authority to the Board of Commissioners to determine the amount of salaries and other
benefits for each member of the Board of Directors.
Implementation Implemented in 2024.
Agenda Item 5
Agenda Items Approval of the plan to transfer a portion of the Company’s treasury shares through the establishment
and implementation of a Management and Employee Stock Option Program (MESOP) in the amount of
156,500,000 shares, representing 0.78% of the Company’s issued and fully paid-up capital.
Voting Results Abstain Agree Disagree Total in Favour
290.171.688 13.669.479.360 3.304.995.722 13.959.651.048
(1,680728%) (979,176131%) (19,143141%) (80,856859%)
Annual Report 2025
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186
AGMS 1. Approval of the plan to transfer a portion of the Company’s treasury shares in the amount of
Resolutions 156,500,000 shares, representing 0.78% of the Company’s issued and fully paid-up capital, through
the Management and Employee Stock Option Program (MESOP), including all matters related to the
implementation of the MESOP.
2. Granting authority and power to the members of the Board of Directors who serve on the MESOP
Committee to determine the criteria, quantity, price, implementation schedule, and other terms
deemed appropriate by the Board of Directors and/or the Board of Commissioners in connection with
the implementation of the MESOP, and to take all necessary actions in relation thereto.
Implementation Implemented in 2024.
Board of
Commissioners
The Board of Commissioners collectively performs In addition to its supervisory function, the Board of
supervisory and advisory functions for the Board of Directors Commissioners is also responsible for ensuring compliance
in relation to the management of the Company. All supervision with all applicable laws and regulations, including the
and advice are carried out in accordance with applicable effective implementation of GCG principles. The Board of
regulations and in the best interests of the Company and its Commissioners plays a vital role in strategic direction to
stakeholders. This is intended to safeguard AKR’s business ensure alignment with the Company’s established vision,
sustainability and promote the effective creation of long- mission, and objectives.
term value.
Board of Commissioners’ Charter and Procedural Rules
The Board of Commissioners is governed by the Board The Board Charter covers the following matters:
Charter and Rules of Procedure, which were approved on 30 1. Legal Basis and General Provisions;
November 2015 and signed by the President Commissioner 2. Accountability;
and the Board of Directors. The Board Charter contains a 3. Composition and Criteria of the Board of Commissioners;
comprehensive description of working procedures and 4. Appointment and Term of Office of the Board of
sets out activity stages in a structured, systematic, and Commissioners;
implementable manner. 5. Duties, Responsibilities, and Authorities of the Board of
Commissioners;
The Board Charter has been prepared in accordance with the 6. Values, Ethics, and Working Hours;
Articles of Association and applicable laws and regulations. 7. Conflicts of Interest;
In line with business developments and the Company’s 8. Transparency;
dynamics, the Board Charter is reviewed and refined 9. Meetings of the Board of Commissioners;
periodically, as deemed necessary, to ensure that it remains 10.Assessment and Accountability; and
relevant and effective as a working guideline, taking into 11. Miscellaneous.
account the needs of the Board of Commissioners as well as
applicable provisions and GCG practices.
Composition and Term of Office of the Board of Commissioners
The number of members of the Board of Commissioners In 2025, the GMS reappointed the members of the Board of
complies with prevailing capital market regulations and Commissioners, comprising the President Commissioner,
the Board of Commissioners’ Charter. The composition Commissioner, and Independent Commissioner. The
is determined by shareholders through resolutions of the composition of the Board of Commissioners as of this Annual
General Meeting of Shareholders (GMS), taking into account Report is presented in the following table:
the Company’s vision and mission, thereby enabling effective,
appropriate, and timely decision-making. Members of the
Board of Commissioners may be reappointed for a term of 5
(five) years without prejudice to the right of the GMS to dismiss
them at any time.
Annual Report 2025
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187
Basis of Initial
Name Position Nationality Date of Reappointment End of Term
Appointment
Soegiarto President
Indonesia AGMS 21 November 1992 AGMS 28 April 2025 2030
Adikoesoemo Commissioner
Sofyan A. Djalil Commissioner Indonesia AGMS 28 April 2023 AGMS 28 April 2025 2030
Independent
Fauzi Ichsan Indonesia AGMS 30 April 2020 AGMS 28 April 2025 2030
Commissioner
Corporate Governance
Duties and Responsibilities of the Board of Commissioners
The Board of Commissioners’ Charter sets out the following 8. The Board of Commissioners ensures that the Board
duties and responsibilities, among others: of Directors has followed up on audit findings and
1. The Board of Commissioners supervises management recommendations from the Company’s Internal Audit,
policies and the overall conduct of management in relation External Auditors, and supervisory results of the Financial
to the Company and its business, and provides advice Services Authority and/or other authorities.
to the Board of Directors. The Board of Commissioners 9. The Board of Commissioners may temporarily suspend
performs its duties in good faith, with full responsibility and one or more members of the Board of Directors if such
due care. members violate the Articles of Association and/or
2. In carrying out such supervision, the Board of applicable laws and regulations, harm the Company’s
Commissioners directs, monitors, and evaluates the purposes and objectives, or neglect their duties.
implementation of the Company’s strategic policies in 10.Any such temporary suspension must be notified in writing
accordance with applicable regulations. to the concerned party together with the reasons.
3. In performing its duties, the Board of Commissioners is 11. No later than 90 (ninety) days after suspension date, the
entitled to obtain explanations from the Board of Directors Board of Commissioners must convene a GMS to revoke or
or any member of the Board of Directors regarding all confirm the suspension. At such GMS, the relevant member
necessary matters. of the Board of Directors shall be given the opportunity to
4. The Board of Commissioners ensures the implementation present a defense.
of GCG in all business activities, including through: 12. The GMS referred to above shall be chaired by the President
a. the performance of the duties and responsibilities of Commissioner, and if the President Commissioner is
the Board of Commissioners and the Board of Directors; not present, without the need for further proof, the GMS
b. the establishment and effectiveness of Committees shall be chaired by another member of the Board of
under the Board of Commissioners; Commissioners appointed by the GMS, and the notice shall
c. the implementation of compliance, internal audit, and be made in accordance with applicable provisions.
external audit; 13. If all members of the Board of Directors are temporarily
d. the implementation of risk management, including suspended and the Company has no remaining Board of
internal control system; Directors members, the Board of Commissioners shall
e. the Company’s strategic plan; temporarily manage the Company, and in such case the
f. transparency of the Company’s financial and non- Board of Commissioners may grant temporary authority to
financial condition; and one or more of its members with joint liability.
g. the approval and periodic review of the Company’s 14. Upon the lapse of the period for holding the GMS or if the
vision, mission, and core values. GMS fails to render a decision, the temporary suspension
5. The Board of Commissioners ensures the alignment of shall become null and void.
environmental, economic, social, and governance aspects 15. Members of the Board of Commissioners, jointly or
in the formulation of business strategy and the conduct of individually, have the right at any time during office hours
business activities by the Board of Directors as a form of to enter any buildings, yards, or other places used or
sustainable business practice. controlled by the Company, to examine all books, records,
6. The Board of Commissioners approves and/or and supporting documents, to inspect and verify cash and
supervises, either directly or through its Committees, the other assets, and to obtain information on all actions taken
implementation of the Company’s Strategy, Business Plan, by the Board of Directors.
and certain Company policies required to realize GCG and 16. Members of the Board of Commissioners are required
Sustainability in accordance with applicable regulations. to continuously enhance their competencies through
7. To support the effective performance of its duties education and training.
and responsibilities, the Board of Commissioners has 17. Matters relating to the duties, responsibilities, and
established: authorities of each member of the Board of Commissioners
a. the Audit Committee; are regulated separately by resolutions of the Board of
b. the Nomination and Remuneration Committee; and Commissioners, as amended from time to time.
c. other Committees as required to oversee GCG.
The duties and responsibilities of each Committee are
regulated in their respective Charters.
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188
Values
The members of the Board of Commissioners adhere to the 3. Members of the Board of Commissioners are required to
values set out in the Board Charter, which include: perform their duties in good faith, with full responsibility
1. Each member of the Board of Commissioners is required to and due care, while consistently complying with applicable
comply with the values adopted by the Company, namely: laws and regulations, including those relating to GCG and
a. Be Entrepreneurial; the Company’s Articles of Association.
b. Collaborate; 4. Each member of the Board of Commissioners is required
c. Reward for Performance; to allocate sufficient time to optimally carry out their
d. Be Agile; duties and responsibilities. The allocation of sufficient
e. Empower Your Team; and time is reflected, among others, in attendance at Board
f. Zero Tolerance. of Commissioners meetings and the performance of
2. Each member of the Board of Commissioners is their duties.
required to deploy their full capabilities to achieve 5. Members of the Board of Commissioners are prohibited
the Company’s Vision, namely to become the leading from using information obtained from the Company for
provider of logistics services and procurement solutions the benefit or interests of themselves, their families, and/
for chemicals and energy in Indonesia. Members of the or affiliated parties that could harm and/or reduce the
Board of Commissioners are also required to deploy Company’s or its subsidiaries’ profits and reputation.
their full capabilities to achieve the Company’s mission, 6. Any member of the Board of Commissioners involved in
namely to optimize potential in order to build sustainable financial crimes and/or other criminal acts is required to
stakeholder value. resign from the Board of Commissioners.
7. Members of the Board of Commissioners and their families,
as well as other affiliated parties, may obtain loans from the
Company, subject to applicable regulations.
Allocation of Duties of the Board of Commissioners
The Board of Commissioners performs its duties and In addition, the Board of Commissioners ensures that the
responsibilities collectively with a clear allocation of roles supporting committees perform their duties in line with the
and responsibilities to ensure effective supervision of the Board of Commissioners’ work plan and the Board Charter.
Company’s performance. Each member is assigned specific This is reflected in the appointment of members of the Board
responsibilities based on their respective expertise and of Commissioners as chairpersons and members of the
experience, including oversight of financials, operations, risk supporting committees. The delegation of members of the
management, regulatory compliance, and other strategic Board of Commissioners to these committees takes into
aspects. This is intended to ensure optimal supervision and to account their competence and capability to perform the
enable the Board of Commissioners to provide appropriate respective committee duties. The allocation of duties of the
recommendations to the Board of Directors in managing the members of the Board of Commissioners is as follows:
Company.
Name Position Description of Duties
Soegiarto President 1. To convene meetings of the Board of Commissioners through written notice to all
Adikoesoemo Commissioner members, specifying the agenda, date, time, and venue of the meeting.
2. To chair meetings of the Board of Commissioners.
3. To review reports and proposals received from other Commissioners as well as from
Committees under the Board of Commissioners.
Sofyan A. Djalil Commissioner 1. To review and supervise the business plans submitted by the Board of Directors,
including short, medium, and long-term plans as well as the Company’s business
development.
2. To review and supervise the Company’s business development and logistics
operations carried out by the Board of Directors.
Fauzi Ichsan Independent 1. To review and supervise the financial management of the Company and its
Commissioner subsidiaries.
2. To review and supervise the preparation of the Company’s financial statements.
3. To review the outcomes of discussions between the Audit Committee and the Board
of Directors, Internal Audit, and Independent Auditors, which are subsequently
discussed in meetings of the Board of Commissioners.
Annual Report 2025
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189
Management of Conflicts of Interest of the Board of Commissioners
The supervisory function of the Board of Commissioners a. to immediately report in writing to the Board of
must remain objective in order to avoid any form of conflict Commissioners all matters that may create and/or
of interest that could affect fair and transparent decision- contain a conflict of interest with a significant financial
making, prioritizing the interests of the Company over personal or reputational impact on the Company, the Board of
interests. A conflict of interest arises when there is a potential Commissioners, and the Board of Directors;
personal interest that conflicts with the Company’s objectives b. not to participate in the assessment of any activities
in generating profits, realizing its vision and mission, and involving such conflict of interest;
Corporate Governance
implementing resolutions adopted at the General Meeting c. to attend meetings, but not to participate in decision-
Shareholders (GMS). making; and
d. to ensure that the Board of Directors complies with
AKR’s Board of Commissioners upholds a strong commitment applicable provisions, including but not limited to
to preventing conflicts of interest that could adversely affect disclosure of information and obtaining approval
the Company’s sustainability. The Company ensures that from Independent Shareholders through the GMS, if
the Board of Commissioners avoids conflicts of interest by required.
complying with Financial Services Authority (OJK) Regulation 4. If a member appointed by the Board of Commissioners
No. 42/POJK.04/2020 on Affiliated Transactions and Conflict to chair the GMS has a conflict of interest in relation to a
of Interest Transactions (POJK 42/2020). matter to be decided at the GMS, the GMS shall be chaired
by another member of the Board of Commissioners who
As a mitigation measure, the Board of Commissioners adheres does not have such conflict of interest.
to the following principles: 5. If all members of the Board of Commissioners have a
1. Members must avoid any potential conflicts of interest and conflict of interest in relation to a matter to be decided
always ensure that they are not placed in situations that at the GMS, the GMS shall be chaired by the President
could give rise to a conflict of interest. In the event that a Director.
conflict of interest arises, members are prohibited from 6. If all members of the Board of Commissioners and the
taking any action that may harm or reduce the Company’s Board of Directors have a conflict of interest, the GMS
benefits and are required to disclose the potential conflict shall be chaired by an Independent Shareholder, namely a
of interest in any related decision. shareholder without a conflict of interest, elected by and
2. Members must comply with all provisions on conflicts from among the Independent Shareholders present at
of interest as stipulated in regulations on Affiliated the GMS.
Transactions and Conflict of Interest Transactions.
3. The procedures to be followed by members in the event of
a conflict of interest are as follows:
Mechanism for Resignation from the Board of Commissioners
1. A member of the Board of Commissioners has the right Board of Commissioners being fewer than 2 (two) persons,
to resign from office and is required to submit a written such resignation shall be effective only after it has been
resignation request to the Company at least 90 (ninety) approved by the GMS and new members of the Board of
days prior to the effective date of resignation. Commissioners have been appointed to meet the minimum
2. The Company is required to convene a GMS to decide on required number.
the resignation request submitted by the member of the 5. The term of office of a member of the Board of
Board of Commissioners no later than 90 (ninety) days Commissioners shall end if he or she:
after receipt of the resignation letter. The term of office a. resigns;
of a person appointed to fill the vacancy shall be the b. no longer meets the requirements under Financial
remaining term of the resigning member of the Board of Services Authority regulations and other applicable laws
Commissioners. and regulations;
3. If the Company does not convene a GMS within such c. passes away; or
period, upon the expiration of such period the resignation d. is dismissed based on a resolution of the GMS.
of the member of the Board of Commissioners shall 6. An Independent Commissioner who has served for 2 (two)
become effective without requiring GMS approval. terms of office may be reappointed for a subsequent term
4. If the resignation of a member of the Board of provided that such Independent Commissioner declares
Commissioners results in the number of members of the to the GMS that he or she remains independent.
Annual Report 2025
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Decisions Requiring Approval of the Board of Commissioners
The Board of Commissioners also provides approval Commissioners as stipulated in the Articles of Association
for strategic decisions that may affect the Company’s includes. The scope approvals as set out in the Company’s
sustainability and growth. Certain decisions of the Board Articles of Association includes:
of Directors are subject to the approval of the Board of 1. the appointment of the Chair of the General Meeting of
Shareholders (GMS);
2. the distribution of interim dividends;
3. the establishment of companies; and
4. loan facilities.
Performance of the Duties of the Board of Commissioners
The Board of Commissioners supervised the Board of 4. Oversight of Financial Reporting Quality and the
Directors in managing the Company throughout 2025, Effectiveness of Internal Controls
ensuring alignment with the Articles of Association, Through the Audit Committee, the quality of financial
applicable laws and regulations, and GCG principles. reporting, the effectiveness of internal and external
Through internal meetings and joint meetings with the Board audits, and the adequacy of internal control systems in
of Directors, the Board of Commissioners reviewed matters supporting transparency, accountability, and integrity in
relating to the Company’s management, evaluated the the management of the Company were monitored.
Company’s performance, and considered reports from the 5. Evaluation of the Board of Directors’ Performance and
Audit Committee and the Nomination and Remuneration Leadership Continuity
Committee. The implementation of its duties during the The performance of the Board of Directors was evaluated
reporting year is detailed as follows: and the implementation of nomination and remuneration
1. Oversight of the Company’s Strategy and Business policies was monitored to ensure leadership continuity,
Resilience organizational effectiveness, and alignment between
The Board of Commissioners reviewed the strategic performance and long-term value creation.
direction, work plan, and budget, and monitored 6. Oversight of Capital Structure, Dividend Policy, and
operational and financial performance to ensure Funding Management
that business management remained aligned with The management of the capital structure, dividend policy,
strengthening the Company’s fundamentals, energy and utilization of funding facilities was monitored to ensure
resilience, and the development of a sustainable industrial alignment with the Company’s growth strategy, long-term
ecosystem. investment needs, and financial health.
2. Oversight of Business Portfolio Development and 7. Oversight of Sustainability Implementation and ESG
Optimization of Strategic Assets Integration
The direction of the Company’s business portfolio The Board of Commissioners monitored the integration
development was reviewed, including the integration of of Environmental, Social, and Governance (ESG) aspects
the energy and logistics supply chain and the development into the Company’s business activities, including
of an integrated industrial estate, and to ensure that each operational safety, environmental impact management,
expansion initiative, strategic partnership, and asset and contributions to the development of the industrial
development was carried out selectively, prudently, and in ecosystem and surrounding communities.
alignment with strengthening business fundamentals and 8. Oversight of Relationships with Strategic Stakeholders
long-term value creation. The management of the Company’s relationships
3. Oversight of Governance, Risk Management, and with the government, regulators, investors, industrial
Compliance Implementation customers, estate tenants, and communities surrounding
The Board of Commissioners ensured that the Board operational areas was monitored to ensure transparent
of Directors conducted business activities prudently communication, compliance with applicable policies, and
through strengthened internal controls, integrated risk the preservation of the Company’s reputation and trust
management, and compliance with evolving policies and as a strategic partner in supporting energy resilience and
regulations relevant to the energy, logistics, and industrial national industrial development.
estate sectors.
Resolutions and Approvals of the Board of Commissioners
Throughout 2025, the Board of Commissioners issued various
resolutions and approvals in the exercise of its supervisory
function, as follows:
No Date Letter Number Subject
1 236/C-CL/2025 17 March 2025 Appointment of the Chair of the 2025 GMS
2 048/L.AKR.CS/2025 23 May 2025 Appointment of the Audit Committee
Approval of Interim Dividend Distribution for AKR Financial Year
3 001/L-AKR-SK-KOM/2025 25 July 2025
2025
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No Date Letter Number Subject
3 600/HO/CL/2025 29 August 2025 Approval of Credit Facility Agreement
4 601/HO/CL/2025 29 August 2025 Approval of Credit Facility Agreement
5 602/HO/CL/2025 29 August 2025 Approval of Credit Facility Agreement
6 767/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
7 768/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
8 769/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
Corporate Governance
9 791/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
10 792/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
11 793/HO/CL/2025 10 December 2025 Approval of Credit Facility Agreement
12 084/L.AKR.CS/2025 31 December 2025 Appointment of the Audit Committee
Recommendations of the Board of Commissioners The Board of Directors is expected to continue supporting
the provision of transparent and timely information to
The Board of Commissioners provides oversight and strategic ensure that oversight functions operate effectively and
input to the Board of Directors to ensure that the Company independently.
grows sustainably, remains resilient, and aligns with GCG 4. Balanced and Long-Term Oriented Dividend Policy
principles. All recommendations are based on performance The Board of Commissioners supports for a balanced
reports, risk assessment, and monitoring evaluations of the dividend policy while considering internal funding needs to
Company’s target achievements. In response to the dynamics strengthen energy distribution infrastructure and industrial
of the national energy and logistics industry, the following estate development.
recommendations were provoded:
1. Strengthening Governance and Business Resilience The dividend policy is expected to reflect the Company’s
The Board of Directors should continue strengthening financial performance, strategic investment needs, and
GCG implementation through enhanced internal controls, commitment to creating long-term value for shareholders.
integrated risk management, and a culture of compliance 5. Prudent Management of Capital Structure and Credit
across all business lines. In facing energy price volatility, Facilities
evolving government policies, and changes in the The Board of Directors should manage the capital structure
business environment, the Company is expected to and funding facilities in a disciplined and measured manner,
maintain operational discipline and prudence in strategic taking into account the risk profile, cost of funds efficiency,
decision-making. and cash flow sustainability.
2. ESG Integration in Strategy and Operations
The Board of Directors is encouraged to further integrate The utilization of credit facilities is expected to align with
ESG principles into business strategy and decision-making the Company’s business growth strategy while maintaining
processes. This includes: financial ratios at a healthy and conservative level.
• Responsible environmental impact management; 6. Support for Energy Resilience and National Development
• Improvements in occupational safety and human capital The Board of Directors is encouraged to ensure the
development; Company’s business strategy remains aligned with the
• Strengthening GCG practices and transparency toward national energy resilience agenda and the strengthening of
stakeholders. the domestic industrial ecosystem.
The Board of Commissioners considers the strengthening As a business entity with a long track record, the Company
of ESG not only a compliance obligation, but also a strategic is expected to maintain its role as a strategic partner in
element to maintain the Company’s competitiveness and supporting national economic growth through efficient,
long-term business sustainability. responsible, and sustainable operations.
3. Optimization of the Role of Committees Under the Board
of Commissioners
The Board of Commissioners emphasizes the optimization
of the roles of the Audit Committee and the Nomination
and Remuneration Committee in ensuring the quality of
financial reporting, the effectiveness of internal control
systems, and leadership continuity within the Company.
Board of Commissioners Orientation Program
AKR’s orientation program accelerates the Board of into the organizational structure, business model, financial
Commissioners’ understanding of the vision, mission, performance, legal and regulatory aspects, and the GCG
strategy, and operations, providing comprehensive insight principles applied by the Company. Through this program,
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members of the Board of Commissioners are able to adapt During 2025, the Company did not conduct an orientation
more quickly and perform their roles effectively in carrying out program because there were no new members and all
supervisory and advisory functions for the Board of Directors. members of the Board of Commissioners continued to
perform their duties and responsibilities in accordance with
their respective mandates.
Development of the Board of Commissioners’ Competencies
Participation in competency development is a key foundation conferences at both national and international levels also
for strengthening the quality of oversight and enhancing forms part of efforts to broaden perspectives and deepen
the effectiveness of the performance of the Board of understanding of strategic issues relevant to the Company.
Commissioners duties and responsibilities. Competency
development involves various training programs, seminars, During 2025, the members of the Board of Commissioners
and workshops covering aspects of governance, risk attended competency development programs as presented
management, regulatory compliance, as well as industry in the following table:
trends and dynamics. Participation in discussion forums and
No Name and Position Training Title Training Date Organizer
1. Fauzi Ichsan Banking Risk Management Workshop Qualification 4 26 - 27 November 2025 Jakarta
Banking Risk Management Certification
December 2025 Jakarta
Qualification 4
Performance Evaluation of the Board of Commissioners’ Supporting Committees
The Board of Commissioners is supported by the Audit Based on the 2025 evaluation results, the Audit Committee
Committee and the Nomination and Remuneration was assessed to have carried out its duties and responsibilities
Committee with the duties of each performed in accordance effectively, particularly in overseeing the quality of financial
with established working guidelines, focusing on oversight of reporting, the effectiveness of internal controls, regulatory
financial matters, regulatory compliance, risk management, as compliance, and the implementation of risk management. The
well as succession planning and remuneration. recommendations provided were considered constructive
and supportive of strengthening GCG and monitoring the
Periodic assessments cover meeting attendance, the ability implementation of financial and operational policies.
to collaborate and communicate actively, commitment and
integrity, the ability to analyze the Company’s financial and With duties and responsibilities to review and propose
operational aspects, and the quality of recommendations. succession planning for members of the Board of Directors
The results are used as the basis for strengthening the and/or the Board of Commissioners, the Nomination and
role of committees, improving working mechanisms, Remuneration Committee was assessed to have adequately
determining terms of service, and enhancing the competence carried out its role in providing recommendations regarding
of committee members. The Board of Commissioners a competitive remuneration structure aligned with
conducts periodic evaluations of the performance of the performance, and in supporting the succession planning
Audit Committee and the Nomination and Remuneration process to ensure the continuity of the Company’s leadership.
Committee to ensure the effectiveness of oversight functions
and the provision of strategic recommendations to the Board In relation to the 2025 Annual GMS, which stipulated the
of Commissioners, and to ensure that the execution of duties renewal of the terms of office of members of the Board of
is carried out optimally, accountably, and sustainably. Directors and the Board of Commissioners, the Company
adjusted the composition of the supporting committees
to remain aligned with applicable regulations and oversight
needs, ensuring the composition continued to meet the
principles of independence, competence, and GCG.
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Corporate Governance
Independent
Commissioner
The primary duty of an Independent Commissioner is to accountability. The Independent Commissioner strengthens
provide an objective and unbiased perspective in the GCG mechanisms and provides assurance that decisions are
decision-making process of the Board of Commissioners and made based on sound and comprehensive considerations.
the Board of Directors. An Independent Commissioner has
no affiliation with the Company, either directly or indirectly, The structure of AKR’s Board of Commissioners has been
that could affect his or her independence in performing the established in accordance with Law No. 40 of 2007 on
supervisory function. Limited Liability Companies and Financial Services Authority
Regulation (POJK) No.33/POJK.04/2014. The Company has 1
The role of the Independent Commissioner is not limited to (one) Independent Commissioner, meeting the requirement
oversight alone, but also includes providing a critical and of at least one Independent Commissioner or at least 30% of
balanced perspective to ensure that every strategic step the total members of the Board of Commissioners, thereby
is grounded in the principles of integrity, transparency, and ensuring a balanced and effective supervisory composition.
Criteria for Independent Commissioners
Independent Commissioners must meet specific criteria, 1. An Independent Commissioner must not have worked
referring to Financial Services Authority Regulation (POJK) for or had the authority and responsibility to plan, lead,
No. 33/POJK.04/2014 concerning the Board of Directors control, or supervise Company activities within the last 6
and Board of Commissioners of Issuers or Public Companies, (six) months, except for reappointment as an Independent
to ensure their independence in performing the supervisory Commissioner for a subsequent term.
function and providing an objective perspective in decision- 2. An Independent Commissioner is appointed based on the
making. The Company appoints Independent Commissioners following criteria:
who meet the following criteria: a. Does not own any shares, either directly or indirectly, in
the Company;
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b. Does not have any affiliation with the Company, c. Does not have any business relationship, either directly
members of the Board of Commissioners, members of or indirectly, related to the Company’s business
the Board of Directors, or the Company’s controlling activities.
shareholders; and
The Independence Statement of the Company’s Independent
Commissioner includes, among others:
Independence Statement Fauzi Ichsan
Not having worked for or had the authority and responsibility to plan, lead, control, or supervise the
Company’s activities within the last 6 (six) months, except for reappointment as an Independent 3
Commissioner for the subsequent term.
Not owning any shares, either directly or indirectly, in the Company. 3
Not having any affiliation with the Company, members of the Board of Commissioners, members of
3
the Board of Directors, or the Company’s controlling shareholders.
Not having any business relationship, either directly or indirectly, related to the Company’s business
3
activities.
Board of
Directors
The Board of Directors holds collective accountability to the Management is conducted through measurable operational
General Meeting of Shareholders (GMS) for the management controls, sound strategic decision-making, and continuous
of the Company to achieve its purposes and objectives as efforts to enhance efficiency and business competitiveness.
stipulated in the Articles of Association. The Board of Directors By applying structured management and the principle of
consistently prioritizes Company interests, ensures that every prudence, the Board of Directors is committed to creating
policy and action is aligned with the Articles of Association, sustainable added value while safeguarding the growth and
and implements the principles of GCG across all levels of the continuity of AKR’s business amid industry dynamics and
organization. market challenges.
Board of Directors Charter and Procedural Rules
The Board of Directors Charter and Procedural Rules form updates are conducted to ensure that it remains aligned
part of AKR’s internal policy structure or governance soft- with developments within the Company and changes in
structure, serving as a specific guideline for the Board of regulations. The Charter covers the following:
Directors in performing its roles in accordance with the
Articles of Association and prevailing laws and regulations. 1. Legal Basis and General Provisions
The Charter was approved on 30 November 2015 and 2. Accountability
signed by the President Commissioner and the Board of 3. Composition and Criteria of the Board of Directors
Directors as representatives of all members of the Board of 4. Appointment and Term of Office of the Board of Directors
Commissioners and the Board of Directors. 5. Duties, Responsibilities, and Authorities of the Board of
Directors
The Charter sets out the Board of Directors’ working 6. Values, Ethics, and Working Hours
procedures in a structured and systematic manner, 7. Conflicts of Interest
including its duties, authorities, responsibilities, decision- 8. Transparency
making mechanisms, and working procedures that 9. Board of Directors’ Meetings
support the effectiveness of the Company’s operational 10.Evaluation and Accountability
management and strategic direction. Periodic reviews and 11. Miscellaneous
Composition of the Board of Directors and Term of Office
The composition and number of members of AKR’s Board of Members are appointed through the General Meeting of
Directors have been determined in accordance with capital Shareholders (GMS), taking into account the Company’s
market regulations and the Board of Directors Charter. vision and mission to ensure effectiveness in management
and strategic decision-making. Members of the Board of
Directors may be reappointed for a term of 5 (five) years, while
the GMS retains the right to dismiss them at any time.
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The Board of Directors comprises a minimum of 3 (three) In 2025, the Board of Directors consisted of 7 (seven)
members, including 1 (one) President Director and several members, comprising 1 (one) President Director and 6 (six)
Directors. The composition is structured to reflect diversity Directors. The shareholders at the GMS held on 28 April 2025
in expertise, experience, education, nationality, age, gender, reappointed all members for a term of office running until the
and independence, with every strategic decision supported close of the 2030 Annual GMS, as follows:
by comprehensive and balanced perspectives.
Basis of Initial End of
Name Position Nationality Date of Reappointment
Appointment Term
Haryanto President
Indonesia GMS on 21 November 1992 GMS on 28 April 2025 2030
Adikoesoemo Director
Corporate Governance
Jimmy Tandyo Director Indonesia GMS on 26 January 1985 GMS on 28 April 2025 2030
Bambang
Soetiono Director Indonesia GMS on 5 April 1994 GMS on 28 April 2025 2030
Soedijanto
Mery Sofi Director Indonesia GMS on 27 June 2006 GMS on 28 April 2025 2030
Suresh Vembu Director India GMS on 18 May 2009 GMS on 28 April 2025 2030
Nery Polim Director Indonesia GMS on 15 May 2012 GMS on 28 April 2025 2030
Termurti Tiban Director Indonesia GMS on 5 May 2015 GMS on 28 April 2025 2030
Duties and Responsibilities of the Board of Directors
In general, the Board of Directors has the duties and a. the acquisition of immovable assets with a market value
responsibilities to manage the Company’s operational exceeding Rp20,000,000,000 (twenty billion Rupiah)
activities in order to achieve its objectives. The scope of these or the equivalent thereof in other currencies;
duties and responsibilities is outlined as follows: b. the disposal of immovable assets owned by the
1. The Board of Directors is responsible for the management Company with a value exceeding Rp10,000,000,000
of the Company in accordance with the purposes and (ten billion Rupiah), whether based on market value or
objectives as set out in the Articles of Association. Each book value, or the equivalent thereof in other currencies;
member is required to perform his or her duties and c. borrowing funds in the name of the Company;
responsibilities in good faith, with full responsibility and d. pledging or encumbering assets;
due care. e. binding the Company as a guarantor (borg/avalist);
2. The Board of Directors is required to submit its f. establishing subsidiaries;
accountability to the shareholders through the Annual GMS g. acquiring or participating in another company or legal
and other GMS as stipulated in the applicable laws and entity or establishing a new company;
regulations and the Articles of Association. h. entering into agreements in the name of the Company
3. The Board of Directors formulates business strategies and with a term of more than 1 (one) year and a value
policies in line with the Company’s vision and mission and exceeding 5% of the Company’s total revenue.
by taking into account potential risks, while consistently 7. The Board of Directors submits a work plan, which also
ensuring the alignment of environmental, economic, includes the Company’s annual budget, to the Board of
social, and governance aspects in their formulation and Commissioners for approval prior to the commencement
implementation, as a manifestation of the adoption of of the financial year.
sustainable business practices. 8. The Board of Directors is required to provide accurate,
4. The Board of Directors conducts periodic supervision relevant, and timely data and information to the Board of
of the Company’s performance to ensure that it remains Commissioners.
within the strategic plan framework and aligned with other 9. The Board of Directors is required to obtain approval
business activities and budget plans, through regular from the GMS to transfer Company assets or to pledge
meetings with senior management. Company assets as security for debts amounting to more
5. In implementing the principles of GCG and Sustainability, than 50% (fifty percent) of the Company’s total net assets
the Board of Directors establishes: in 1 (one) or more transactions, whether related or unrelated
a. Internal Audit, Quality Assurance, and Risk Management; to one another.
b. ESG Working Unit and ESG Committee. 10.The Board of Directors is required to announce, in 2
6. The Board of Directors is entitled to represent the Company (two) daily newspapers published or circulated at the
in and out of court in all matters and circumstances, to bind Company’s domicile or principal place of business, the
the Company with other parties and other parties with plan for a merger, consolidation, acquisition, or spin-off of
the Company, and to carry out all actions, both relating the Company no later than 14 (fourteen) days prior to the
to management and ownership, subject to the limitation convening of the GMS.
that for:
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11. The President Director is entitled and authorised to act for 13. Without prejudice to its responsibilities, the Board
and on behalf of the Board of Directors and to represent of Directors is also entitled to appoint 1 (one) or more
the Company. persons as its representatives or attorneys under the
12. In the event that the President Director is absent or unable terms determined by the Board of Directors in a special
to act for any reason whatsoever, without the need for power of attorney, and such authority shall be exercised in
proof to any third party, the Board of Directors shall be accordance with the Articles of Association.
represented by 1 (one) Director appointed in writing by 14. Members of the Board of Directors are required to
the President Director, and in the event that no such continuously enhance their competencies through
appointment is made, the Board of Directors shall be education and training.
represented by 2 (two) Directors, who shall be authorised 15. Matters relating to the duties, responsibilities, and
to act for and on behalf of the Board of Directors and to authorities of each member of the Board of Directors shall
represent the Company. be further regulated by the Board of Directors in a Board of
Directors’ Resolution, as amended from time to time.
Allocation of Duties of the Board of Directors
The allocation of duties is determined based on each Notwithstanding their respective areas of focus, all decisions
member’s area of responsibility, taking into account the are made collegially to maintain alignment in policies and
competencies and expertise possessed. Each member management strategies. Through a clear allocation of duties,
holds responsibility for specific functions in order to ensure the Board of Directors is able to perform its functions more
the effectiveness of management and the achievement of effectively, strengthen internal coordination, and optimise the
strategic objectives. Company’s performance over the long term.
Name Position Description of Duties
Haryanto President 1. Determining the Company’s vision and mission, and ensuring that they are
Adikoesoemo Director implemented by all levels of the Company’s management, including its subsidiaries.
2. Approving the Business Plan, whether short-term, medium-term, or long-term,
including business development plans, prior to their submission to the Board of
Commissioners for final approval.
3. Ensuring the implementation of the Company’s strategic plans through systems of
control and evaluation of work plans and budgets.
4. Enhancing and implementing risk management, and ensuring that the Company
operates in accordance with the principles of GCG.
5. Ensuring that the Company’s activities adopt Safety, Health & Environment
provisions, including measures for environmental protection that encompass
reducing energy consumption and increasing the distribution of clean/renewable
energy.
Jimmy Tandyo Director 1. Ensuring that the Business Unit’s vision and mission are implemented by all levels of
management.
2. Approving the Business Plan, whether short-term, medium-term, or long-term,
including business development.
3. Ensuring the implementation of the Company’s strategic plans through systems of
control and evaluation of work plans and budgets.
4. Ensuring that the approved Business Unit Business Plan is achieved.
5. Ensuring that the Business Unit is operated in accordance with GCG.
6. Ensuring that the Business Unit’s activities adopt Safety, Health & Environment
provisions.
7. Ensuring the development of competent Human Resources with values aligned with
the Company’s values.
8. Being responsible for the management of a number of the Company’s subsidiaries.
Bambang Director 1. Overseeing the integrated industrial estate and port project (JIIPE), including
Soetiono operations, marketing, and external stakeholder engagement.
Soedijanto 2. Managing the Company’s supply chain and logistics across both land and sea
transportation.
3. Ensuring logistics operations comply with Safety, Health & Environment (SHE)
standards and applicable regulations.
4. Periodically carrying out improvements and innovations to enhance efficiency and
improve the performance of logistics operations.
5. Developing logistics facilities to support the expansion of the Company’s business
activities.
6. Refining the SOPs related to logistics operations from time to time.
7. In addition, being responsible for the management of a number of the Company’s
subsidiaries.
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Name Position Description of Duties
Mery Sofi Director Responsible for the management of the petroleum distribution business and basic
chemicals, including:
1. Overseeing for the trading and distribution of petroleum and basic chemicals.
2. Developing products and businesses in the fields of petroleum and chemicals.
3. Establishing long-term relationships with suppliers and customers.
4. Implementing risk management related to trading and distribution activities,
including, cost control, product availability, and delivery procedures.
5. Together with the Finance Director, controlling risks arising from the determination of
costs, pricing, and taxation.
Corporate Governance
6. Providing direction for marketing operational activities to improve service quality.
7. Enhancing the organisation’s business analysis capability through improvements in IT
systems and digitalisation.
8. In addition, being responsible for the management of a number of the Company’s
subsidiaries.
Suresh Vembu Director Overseeing Corporate Finance, investor relations, joint venture relationship and the
Corporate Secretary division, including:
1. Developing and implementing commercial strategies and expanding the Company’s
business divisions together with partners, as well as overseeing the achievement of
business objectives.
2. Collaborating with partners to build and maintain profitable joint venture businesses,
setting financial targets, and monitoring performance.
3. Overseeing the Company’s compliance with applicable laws and regulations, and
ensuring that shareholders, capital market authorities, investors, analysts, and the
public receive timely, complete, and accurate information on all material matters.
4. Developing governance and initiatives related to corporate sustainability.
5. In addition, being responsible for the management of a number of the Company’s
subsidiaries.
Nery Polim Director 1. Formulating sales strategies together with Branch Office Heads and the
commercial team.
2. Driving the achievement of sales targets at the Branch Offices.
3. Ensuring that operational management across all regions complies with standard
operating procedures by adopting the principles of Safety, Health, and Environment.
4. Ensuring the implementation of risk management to be an integral part of each
division’s or region’s operations.
5. Facilitating the development of competent human resources and a conducive
working environment in the Region.
6. In addition, being responsible for the management of a number of the Company’s
subsidiaries.
Termurti Tiban Director 1. Overseeing the management of the Company’s finances.
2. Ensuring that the Company’s financial management is conducted prudently by
minimizing financial risks.
3. Managing the Company’s working capital.
4. Managing and optimizing the Company’s funding structure to ensure competitive
financing costs.
5. Managing the Company’s tax affairs, including compliance with applicable tax
regulations.
6. Ensuring coordinated budget preparation and effective control over the utilization of
the approved budget.
7. Ensuring that the Financial Statements are prepared in accordance with PSAK and
reported on a timely basis.
8. In addition, being responsible for the management of a number of the Company’s
subsidiaries.
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Values
The Board of Directors adheres to the values established by 4. Members of the Board of Directors are required to perform
the Company, which include: their duties in good faith, with full responsibility and due
1. The work ethics of the Board of Directors are guided by the care, while always observing the applicable laws and
Code of Ethics and Conduct of PT AKR Corporindo Tbk. regulations, including those relating to the implementation
2. Each member of the Board of Directors is required to of GCG and the Company’s Articles of Association.
comply with the Company’s values, namely: 5. Each member of the Board of Directors is required
a. Be Entrepreneurial to allocate sufficient time to perform their duties and
b. Collaborate responsibilities optimally.
c. Reward for Performance 6. Members of the Board of Directors are prohibited from
d. Be Agile using information obtained from the Company for the
e. Empower Your Team interests of themselves, their families, and/or affiliated
f. Zero Tolerance parties that could harm and/or reduce the Company’s and
3. Each member of the Board of Directors is also required to its subsidiaries’ profits and reputation.
devote their full capabilities to achieving the Company’s 7. Members of the Board of Directors who are involved in
vision, namely to become the leading provider of logistics financial crimes and/or other criminal offenses are required
services and procurement solutions for chemicals and to resign from the Board of Directors.
energy in Indonesia, and its mission, namely to optimize
potential in order to build sustainable stakeholder value.
Management of Conflicts of Interest of the Board of Directors
The Board of Directors performs its functions and 2. In the event that the Company has an economic interest
responsibilities with integrity and endeavours to ensure that that is in conflict with the personal economic interest of a
every decision is made independently, free from any conflicts member of the Board of Directors and may be detrimental
of interest. Potential conflicts of interest are managed to the Company, the party authorised to represent the
through the implementation of stringent GCG policies, with Company shall be:
due regard to the applicable laws and regulations and the a. another member of the Board of Directors who does not
Company’s business ethics guidelines. have a conflict of interest with the Company;
b. the Board of Commissioners, in the event that all
The Board of Directors ensures that no conflicts arise between members of the Board of Directors have a conflict of
personal interests and the interests of the Company that interest with the Company; or
could affect business sustainability, complying with Financial c. another party appointed by the GMS, in the event that
Services Authority Regulation (POJK) 42/2020 to prevent the all members of the Board of Directors or the Board
occurrence of conflicts of interest. of Commissioners have a conflict of interest with the
Company.
The principles to avoid conflicts of interest and any potential 3. In the event of a potential conflict of interest, the Board of
subsequent implications are as follows: Directors is required to report it to the Audit Committee,
1. Members of the Board of Directors are required to comply which may provide recommendations to the Board of
with all provisions relating to conflicts of interest by Commissioners.
referring to the regulations on Affiliated Transactions and
Conflicts of Interest.
Resignation Mechanism from the Board of Directors
The provisions for the resignation from the Company’s Board 2. In the event that the resignation of a member of the
of Directors are as follows: Board of Directors results in the number of members of
1. A member of the Board of Directors is entitled to resign the Board of Directors being less than 2 (two) persons,
from his or her position and is required to submit a written such resignation shall only be valid if it has been resolved
resignation to the Company at least 90 days prior to the by the GMS and new members of the Board of Directors
effective date of resignation. A resigning member of the have been appointed so as to fulfil the minimum required
Board of Directors remains subject to accountability as number of members of the Board of Directors.
a member of the Board of Directors up to the date of
resignation as resolved at the next GMS.
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3. In the event that a member of the Board of Directors is 4. The term of office of a member of the Board of Directors
temporarily suspended by the Board of Commissioners, shall end if:
the Company is required to convene a GMS no later a. he or she resigns;
than 90 (ninety) days after the date of such temporary b. he or she no longer meets the requirements of the
suspension. If the GMS is unable to reach a resolution or if, Financial Services Authority regulations and other
after the lapse of such period, the GMS is not convened, applicable laws and regulations;
the temporary suspension of the member of the Board of c. he or she passes away; or
Directors shall be null and void. d. he or she is dismissed based on a resolution of the GMS.
Corporate Governance
Implementation of the Duties of the Board of Directors
The Board of Directors is responsible for the interests and 5. Organizational Development and Human Capital
objectives of the Company and for representing the Company Enhancement
in accordance with the Articles of Association and applicable Encouraging the strengthening of organizational capacity
laws and regulations. The Board of Directors performs and the development of competent and adaptive human
leadership and management functions in a professional, resources to support business transformation and long-
prudent, and sustainability-oriented manner while upholding term leadership continuity.
GCG principles. 6. Strengthening Digitalization and the Utilization of Data-
Driven Technology
In 2025, the Board of Directors focused on the following: Promoting the use of digital technology and data analytics
1. Strengthening Business Fundamentals and Operational to enhance operational efficiency, decision-making
Resilience quality, and more measurable risk management. The
Ensuring that the Company’s business activities operated use of technology, including the development of data-
effectively and in an integrated manner through the based systems and process automation, was conducted
strengthening of energy and logistics infrastructure, selectively to support operational reliability and improved
optimization of the distribution network, and enhancement customer service.
of operational reliability to maintain supply stability and 7. Integration of Sustainability Principles and Social
performance sustainability. Responsibility
2. Development of Business Portfolio and Industrial Integrating operational safety, environmental
Ecosystem responsibility, and social value into business activities as
Continuing the development of industrial estates and an part of the commitment to business sustainability and
integrated business ecosystem to increase the utilization increased stakeholder trust.
of strategic assets, attract industrial investment, and 8. Strengthening Relationships with Strategic Stakeholders
strengthen the Company’s role in supporting national Continuing to strengthen long-term partnerships with the
industrial growth and energy resilience. The Board of government, industrial customers, principals, investors,
Directors also continued the development of the energy and other business partners to maintain business stability
retail network through strategic partnerships, including and support the Company’s contribution to national
the expansion of bp AKR fuel stations, as part of efforts economic growth and energy resilience.
to strengthen the downstream business portfolio and
enhance the Company’s long-term value creation. Board of Directors’ Resolutions
3. Strengthening Financial Fundamentals and Prudent
Capital Management In 2025, the Board of Directors issued various resolutions, as
Maintaining disciplined management of margins, cash flow, follows:
and capital structure to ensure the Company’s financial
flexibility. The utilization of funding facilities and capital
expenditure was selective and prudent, taking into account
risk profiles and business sustainability.
4. Strengthening Governance, Risk Management, and
Compliance
Ensuring GCG implementation through strengthened
internal controls, integrated risk management, and
compliance with regulations and policy developments
relevant to the Company’s business activities.
No Date Subject
1. 17 March 2025 Board of Directors Resolution regarding the Holding of the Annual GMS on 28 April 2025
2. 24 July 2025 Resolution on the Distribution of AKR 2025 Interim Dividends
3. 5 December 2025 Resolution on the Company’s Budget for 2026
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Board of Directors Orientation Program
AKR has an orientation program for newly appointed members The orientation program enables members to adapt quickly
of the Board of Directors to accelerate their understanding of and make maximum contributions to the management of
the organizational structure, business model, the Company’s the Company. As there were no changes in the composition
strategy, and the GCG practices being implemented. The of the Board of Directors, the orientation program was not
orientation program is designed to ensure that each member conducted in 2025.
is able to perform their functions and responsibilities optimally,
in line with the Company’s vision, mission, and values.
Board of Directors Competency Development
The Company promotes the development of the Members of the Board of Directors are also given the
competencies of the Board of Directors to support the opportunity to participate in business forums, national
effectiveness of AKR’s management and strategic decision- and international conferences, and to obtain professional
making. Competency development is conducted through certifications to broaden their perspectives and strengthen
various training programs, workshops, and seminars their understanding of business challenges. Up to the end
covering leadership, Company governance, regulations, risk of 2025, the participation of the Board of Directors in such
management, finance, and the latest industry trends. competency development programs included:
No Name & Position Training Title Training Date Training Venue Organizer
1. Suresh Vembu Navigating ESG Challenges
Director through Strengthening Good 18 March 2025 Zoom ICSA
Corporate Governance Policies
The Role of Public Companies
in Sustainable Finance: 13 March 2025 Zoom ICSA
Understanding TKBI Version 2
Cybersecurity Integration in
GCG: The Important Role of the 29 October 2025 Zoom ICSA
Corporate Secretary
OJK Year-End Dialogue 5 December 2025 Jakarta OJK
2. Termurti Tiban PPL – PSAK Update (IAI Jakarta) 23-24 January 2025 Jakarta IAI
Director
Webinar Asia – Assessing the Standard
10 April 2025 Jakarta
Impact of US Tariffs Chartered
IAI Webinar – Comprehensive
Review of Tax Audits in the
3 July 2025 Jakarta IAI
Coretax Era Based on PMK No. 15
of 2025
IDX–GRI–AEI Seminar: GRI 102
& GRI 103 Climate Change
3 September 2025 Jakarta IDX
and Energy Topic Standards
Confirmation
Performance Evaluation of Committees Supporting the Board of Directors
The establishment of the ESG Committee, responsible for Committee and supporting function performance is
the implementation of sustainability strategies, represents evaluated on a regular basis to ensure their effectiveness
the Company’s commitment and support for sustainable and contribution to the Company’s management, covering
development, particularly in the Economic, Social, and several aspects, including the execution of duties and
Governance (ESG) aspects. Supporting functions include the responsibilities, the level of commitment and integrity,
Corporate Secretary, Internal Audit, and Investor Relations analytical capability with respect to the Company’s financial
which assist the Board of Directors in the management of the and operational performance, as well as the quality of input
Company. and recommendations provided.
Annual Report 2025
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201
The ESG Committee is responsible for ensuring the effective The Board of Directors conducts performance evaluations of
implementation of sustainability aspects across all of the committees and supporting functions both individually
AKR’s business activities. The Corporate Secretary plays and collegially, which then serve as the basis for consideration
an important role in ensuring regulatory compliance and in determining the extension of the term of office of
effective communication between the Company and its each member.
shareholders. Internal Audit is responsible for overseeing and
assessing the effectiveness of the internal control system In 2025, the Board of Directors assessed that the ESG
and compliance with applicable policies. Meanwhile, Investor Committee, Corporate Secretary, Internal Audit, and
Relations supports information transparency and builds Investor Relations had performed their responsibilities
investor confidence in the Company’s performance and well. These functions play a strategic role in supporting
business prospects. business sustainability, corporate governance, enhancing
Corporate Governance
transparency, and strengthening the Company’s relationships
The duties of the committees and supporting functions and communication with stakeholders.
are carried out in accordance with the applicable rules of
procedure to ensure structured and efficient implementation.
Independence and Information
Transparency of the Board of
Commissioners and the Board of
Directors
Share Ownership of the Board of Commissioners and the Board of Directors
Members of the Board of Commissioners and the Board of 4. The Corporate Secretary will provide the Share Ownership
Directors are required to disclose information relating to their Change Declaration Form to be signed by the relevant
share ownership, including any changes therein. This refers person their authorised representative. Thereafter, the
to Financial Services Authority Regulation Number 4 of 2024 report on share ownership or any changes thereto will be
concerning Reports on Share Ownership or Any Change in prepared in the format of the Report on Share Ownership
Share Ownership of Public Companies. or Any Change in Share Ownership of Public Companies,
signed by the relevant person, to be submitted to the
To ensure compliance with these provisions, AKR has a Financial Services Authority by the Corporate Secretary.
share ownership reporting policy as regulated in Regulation 5. The Corporate Secretary will also circulate the Share
Number 001/R-AKR-CS/2024, designed to govern reporting Ownership Declaration Form periodically each year to
procedures in a structured, transparent, and accountable monitor changes in the share ownership of members of
manner. The reporting mechanism under this policy is as the Board of Directors or the Board of Commissioners
follows: and their families. This form must be returned to the
1. Any plan by a member of the Board of Directors or the Corporate Secretary within 7 (seven) calendar days after it
Board of Commissioners to buy or sell AKRA shares must is circulated.
be submitted to the Corporate Secretary at least 7 (seven)
days prior to execution, which may be reported in the form Each member of the Board of Commissioners and the Board
of a date range, using the Share Transaction Plan Form of Directors is required to report to the Corporate Secretary
accompanied by a Statement of Agreement. any change in the Company’s share ownership no later than
2. Any member of the Board of Directors or the Board 1 (one) calendar day from the date of the transaction. In
of Commissioners who holds AKRA shares is required addition, the report on such change in share ownership must
to complete and sign the Share Ownership Change also be submitted to the Financial Services Authority no later
Declaration Form and submit the share ownership than 3 (three) working days after the transaction is carried out.
information to the Company, which is authorized through
the Corporate Secretary. Based on these provisions, the share ownership of members
3. The report must be made by submitting proof of the share of the Board of Commissioners and the Board of Directors in
transaction immediately upon execution (H-0) or no later AKR as of 31 December 2025 is presented as follows:
than 1 (one) calendar day after the transaction.
Name Position Share Ownership in AKR
Board of Commissioners
Soegiarto Adikoesoemo President Commissioner 145.267.000
Sofyan A. Djalil Commissioner -
Annual Report 2025
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202
Name Position Share Ownership in AKR
Fauzi Ichsan Independent Commissioner -
Board of Directors
Haryanto Adikoesoemo President Director 212.604.600
Jimmy Tandyo Director 48.000.000
Bambang Soetiono Soedijanto Director 7.780.000
Mery Sofi Director 8.303.000
Suresh Vembu Director 4.927.500
Nery Polim Director 2.965.000
Termurti Tiban Director 1.650.000
Affiliated Relationships of the Board of Commissioners and the Board of Directors
The independence of the Board of Commissioners and the objective manner. Any affiliated relationships remain within the
Board of Directors is part of the implementation of GCG. limits permitted under the applicable laws and regulations. The
There are no conflicts of interest that could affect the ability table of disclosures on the affiliated relationships of the Board
of members of the Board of Commissioners and the Board of Commissioners and the Board of Directors is presented as
of Directors to perform their duties in a professional and follows:
Board of Controlling
Board of Directors
Name Commissioners Shareholder
GIK SDJ FIC HAR JTA BSU MES SVE NPO TER GIK HAR
Board of
Commissioners
Soegiarto
- - - 3 - - - - - - - 3
Adikoesoemo
Sofyan A. Djalil - - - - - - - - - - - -
Fauzi Ichsan - - - - - - - - - - - -
Board of Directors
Haryanto
3 - - - - - - - - - 3 -
Adikoesoemo
Jimmy Tandyo - - - - - - - - - - - -
Bambang
Soetiono - - - - - - - - - - - -
Soedijanto
Mery Sofi - - - - - - - - - - - -
Suresh Vembu - - - - - - - - - - - -
Nery Polim - - - - - - - - - - - -
Termurti Tiban - - - - - - - - - - - -
Remarks
3 : Yes HAR : Haryanto Adikoesoemo
- : No JTA : Jimmy Tandyo
GIK : Soegiarto Adikoesoemo BSU : Bambang Soetiono Soedijanto
SD : Sofyan A. Djalil MES : Mery Sofi
FIC : Fauzi Ichsan SVE : Suresh Vembu
NPO : Nery Polim
TER : Termurti Tiban
• There are no affiliated relationships among members of the Board of Directors.
• The affiliated relationship between a member of the Board of Directors and a member of the Board of Commissioners is as follows: the Company’s President Director,
Mr. Haryanto Adikoesoemo, is the son of Mr. Soegiarto Adikoesoemo, who serves as the Company’s President Commissioner.
• The affiliated relationship between a member of the Board of Directors and the controlling shareholder is as follows: the Company’s President Director, Mr. Haryanto
Adikoesoemo, serves as President Director and is one of the shareholders of PT Arthakencana Rayatama, which is the controlling shareholder of the Company. His
father, Mr. Soegiarto Adikoesoemo, serves as President Commissioner and is one of the shareholders of PT Arthakencana Rayatama.
• There are no affiliated relationships among members of the Board of Commissioners.
• The affiliated relationship between a member of the Board of Commissioners and the controlling shareholder is as follows: the Company’s President Commissioner,
Mr. Soegiarto Adikoesoemo, is one of the shareholders and the President Commissioner of PT Arthakencana Rayatama, which is the controlling shareholder of the
Company. His son, Mr. Haryanto Adikoesoemo, serves as President Director and is one of the shareholders of PT Arthakencana Rayatama.
Annual Report 2025
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203
Multiple Positions of the Board of Commissioners and the Board of Directors
The Company has a policy on multiple positions, which 2. In the event that a member of the Board of Commissioners
refers to Financial Services Authority Regulation No. 33/ does not concurrently hold a position as a member of the
POJK.04/2014 on the Board of Directors and the Board of Board of Directors, the relevant member of the Board
Commissioners of Issuers or Public Companies. The policy of Commissioners may hold concurrent positions as a
is intended to ensure that each member of the Board of member of the Board of Commissioners of up to 4 (four)
Commissioners and the Board of Directors is able to perform other Issuers or Public Companies.
their duties and responsibilities optimally, independently, and 3. Members of the Board of Commissioners may also
professionally, without giving rise to conflicts of interest or concurrently serve as committee members on up to 5
reducing performance effectiveness. (five) committees in Issuers or Public Companies where the
Corporate Governance
relevant person also serves as a member of the Board of
Each member of the Board of Commissioners and the Directors or the Board of Commissioners.
Board of Directors who holds multiple positions in other
entities is required to ensure that the performance of such Provisions on Multiple Positions of the Board of Directors
positions does not interfere with their focus, commitment, 1. Members of the Board of Directors may concurrently hold
and performance achievements in the Company. All multiple positions as:
positions must be reported and form part of the periodic a. members of the Board of Directors of up to 1 (one) other
evaluation process by the authorised organs. The evaluation Issuer or Public Company;
is conducted to ensure compliance with applicable laws b. members of the Board of Commissioners of up to 3
and regulations, maintain transparency, and ensure that (three) other Issuers or Public Companies; and/or
the Company’s leadership structure remains effective and 2. Committee members on up to 5 (five) committees in
accountable. Issuers or Public Companies where the relevant person also
serves as a member of the Board of Directors or the Board
Provisions on Multiple Positions of the Board of of Commissioners.
Commissioners
1. Members of the Board of Commissioners may hold Compliance with the provisions on multiple positions is one of
concurrent positions as: the aspects considered in strengthening the implementation
a. members of the Board of Directors of up to 2 (two) other of GCG. In this regard, all members of AKR’s Board of
Issuers or Public Companies; and Commissioners and Board of Directors have complied with the
b. members of the Board of Commissioners of up to 2 provisions on multiple positions as stipulated in the Financial
(two) other Issuers or Public Companies. Services Authority regulations. The disclosure of multiple
positions held by members of the Board of Commissioners
and the Board of Directors of AKR for 2025 is presented in
Chapter 3-Company Profile of this Annual Report.
Diversity of the Composition of the Board of Commissioners and the Board of
Directors
The Company applies the principle of diversity in the professional background, and competencies that are relevant
composition of the Board of Commissioners and the Board to the Company’s business direction and needs. In 2025,
of Directors to bring diverse perspectives into strategic women held 3 (three) of the 7 (seven) positions on the Board of
decision-making. This encompasses gender, experience, Directors, representing 42.8%.
Percentage of the Composition of the Board of Commissioners and the Board of Directors by Gender
57%
43%
Male Female
Annual Report 2025
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204
The implementation of diversity in leadership forms part of the and management of the Company. The diversity structure
Company’s efforts to enhance AKR’s resilience in responding supports the implementation of sustainable Company
to industry dynamics. The combination of diverse experience governance that is oriented toward long-term value creation.
and expertise within the Board of Commissioners and the
Board of Directors strengthens the effectiveness of oversight The diversity in the Board of Commissioners and the Board of
Directors are presented in the following table:
Name Position Gender Age Education Experience
Board of
Commissioners
Soegiarto President Male 88 Senior High School Founded PT AKR Corporindo Tbk
Adikoesoemo Commissioner in the 1960s.
Sofyan A. Djalil Commissioner Male 72 Ph.D in Law and Capital Has more than 13 (thirteen) years
Market Policy from the of experience in the public and
Fletcher School of Law private sectors of government,
and Diplomacy – Tufts having served as a Minister in
University various fields.
Fauzi Ichsan Independent Male 56 Master of Science, Has more than 20 (twenty) years
Commissioner Development Studies, of experience in government
Massachusetts Institute (both as a policy maker and
of Technology (MIT), regulator), economic and market
Massachusetts, USA research, as well as in banking and
finance.
Board of
Directors
Haryanto President Director Male 63 Executive Management Has more than 45 (forty-five)
Adikoesoemo Program from Harvard years of experience in trading,
Business School management, business
development, and finance.
Jimmy Tandyo Director Male 74 Advanced Management Has more than 50 (fifty) years of
Program from Harvard experience in management and
Business School business development.
Bambang Director Male 64 Bachelor of Accounting Has more than 30 (thirty) years
Soetiono from STIE Surabaya of experience in management,
Soedijanto finance, and business
development.
Mery Sofi Director Female 59 Advanced Management Has more than 30 (thirty)
Program, Northwestern years of experience in finance,
University management, and business
development.
Suresh Vembu Director Male 61 Bachelor of Commerce Has more than 35 (thirty-five)
from Bangalore years of experience in finance,
University and management, and compliance.
Chartered Accountant
from Indian Institute of
Chartered Accountants
Nery Polim Director Female 61 Bachelor of Economics Has more than 30 (thirty) years of
from California State experience in human resources
University, Bakersfield management, management, and
business development.
Termurti Tiban Director Female 54 Bachelor of Economics Has more than 20 (twenty) years
from Trisakti University of experience in finance and
accounting.
Policy and Implementation of Meetings of the Board of Commissioners
The Board of Commissioners holds meetings to discuss the months. In addition, the Board of Commissioners holds joint
Company’s performance and provide strategic direction meetings with the Board of Directors on a regular basis at least
in accordance with its duties and responsibilities, and such 1 (one) time every 4 (four) months.
meetings are convened at least 1 (one) time every 2 (two)
Annual Report 2025
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205
The annual meeting attendance requirement for the Board chair and attending members, and copies are distributed to
of Commissioners is set at a minimum of 75% and must be all members as a form of information transparency. Meeting
fulfilled by all members. This refers to the Rules of Procedure materials are also distributed to participants at least 5 (five)
and POJK 33/2014. Further arrangements regarding the terms days prior to the meeting in accordance with the provisions of
and procedures of meetings are regulated in the Rules of Article 19 of the Articles of Association.
Procedure.
Decision-making at meetings is carried out by fulfilling the
To ensure accountability and transparency, every Board of quorum requirement of at least 2/3 of the total members. At
Commissioners meeting is documented through minutes the end of 2025, the Board of Commissioners had held 4 (four)
that record the agenda discussed, decisions made, and meetings.
follow-up actions. The minutes are signed by the meeting
Corporate Governance
Meeting Participants
No Tanggal Agenda
GIK SDJ FIC
Appointment of the Chair of the Annual GMS on 28 April
1. 17 March 2025 3 3 3
2025
2. 23 May 2025 Appointment to the Audit Committee – Sartono 3 3 3
3. 25 July 2025 Approval of Interim Dividend Payment 3 3 3
4 31 December 2025 Appointment to the Audit Committee – Handoko Tripriyono 3 3 3
Number of Meetings 4 4 4
Number of Attendances 4 4 4
Attendance (%) 100% 100% 100%
Remarks
GIK : Soegiarto Adikoesoemo
SDJ : Sofyan A. Djalil
FIC : Fauzi Ichsan
Joint Meetings of the Board of Commissioners and the Board of Directors
Joint meetings of the Board of Commissioners and the Board of Directors were held 4 (four) times, with the agenda and
recapitulation presented as follows:
Meeting Participants
Board of
No Date Agenda Commissioners Board of Directors Attendance
Attendance
GIK SDJ FIC HAR JTA BSU MES SVE NPO TER
1. 17 March Consolidated Financial
2025 Statements as of 31
December 2024 and
for the Year Ended on
that Date, together 3 3 3 3 3 3 3 3 3 3
with the Independent
Auditor’s Report of PT AKR
Corporindo Tbk and Its
Subsidiaries
2. 23 April Discussion of the
2025 Consolidated Financial
Statements as of 31 March
2025 and for the Three-
3 3 3 3 3 3 3 3 3 3
Month Period Ended on
that Date (Unaudited) of
PT AKR Corporindo Tbk
and Its Subsidiaries
3. 24 July Discussion of the
2025 Consolidated Financial
Statements as of 30 June
2025 and for the Six-
3 3 3 3 3 3 3 3 3 3
Month Period Ended on
that Date (Unaudited) of
PT AKR Corporindo Tbk
and Its Subsidiaries
Annual Report 2025
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206
Meeting Participants
Board of
No Date Agenda Commissioners Board of Directors Attendance
Attendance
GIK SDJ FIC HAR JTA BSU MES SVE NPO TER
4. 21 October Discussion of the
2025 Consolidated Financial
Statements as of 30
September 2025 and for
the Nine-Month Period 3 3 3 3 3 3 3 3 3 3
Ended on that Date
(Unaudited) of PT AKR
Corporindo Tbk and Its
Subsidiaries
Number of Meetings 4 4 4 4 4 4 4 4 4 4
Number of Attendances 4 4 4 4 4 4 4 4 4 4
Attendance (%) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Remarks
3 : Yes GIK : Soegiarto Adikoesoemo HAR : Haryanto Adikoesoemo
- : No SD : Sofyan A. Djalil JTA : Jimmy Tandyo
FIC : Fauzi Ichsan BSU : Bambang Soetiono Soedijanto
MES : Mery Sofi
SVE : Suresh Vembu
NPO : Nery Polim
TER : Termurti Tiban
Policy and Implementation of Meetings of the Board of Directors
The Board of Directors holds meetings to evaluate operational Meetings are documented through minutes that record the
performance, formulate business strategy directions, and agenda, discussion process, resolutions, and follow-up
make strategic decisions, which are held on a regular basis at actions. The minutes are prepared by the Corporate Secretary
least 1 (one) time every 1 (one) month and may be convened and validated through signing by the chairperson and the
at any time if deemed necessary by members of the Board of attending members of the Board of Directors. Copies of the
Directors or at the request of the Board of Commissioners. The minutes are provided to all members of the Board of Directors
Board of Directors also holds joint meetings with the Board of as a form of information transparency. Resolutions are
Commissioners on a regular basis at least 1 (one) time every 4 adopted by fulfilling a quorum of attendance of at least 2/3 of
(four) months. the total members of the Board of Directors.
The annual attendance rate at meetings of the Board of Meeting materials are distributed to participants at least 5
Directors is set at a minimum of 75% and must be met by all (five) days prior to the meeting in accordance with Article 16
members. All policies and strategic decisions are determined of the Articles of Association. At the end of 2025, the Board
through meetings of the Board of Directors in accordance of Directors had held 13 (thirteen) meetings and 4 (four) joint
with the provisions of the Articles of Association and the meetings with the Board of Commissioners. The agenda and
applicable laws and regulations. The conduct of meetings attendance recap of the Board of Directors’ meetings are as
refers to the Company’s Articles of Association and POJK follows:
33/2014, with terms and procedures further regulated in the
Rules of Procedure.
Meeting Participants
No Date Agenda
HAR JTA BSU MES SVE NPO TER
1 20 January 2025 Monthly perfomance review 3 3 3 3 3 3 3
2 21 February 2025 Monthly perfomance review 3 3 3 3 3 3 3
3 19 March 2025 Monthly perfomance review 3 3 3 3 3 3 3
4 21 April 2025 Monthly perfomance review 3 3 3 3 3 3 3
5 23 May 2025 Monthly perfomance review 3 3 3 3 3 3 3
6 25 June 2025 Monthly perfomance review 3 3 3 3 3 3 3
7 28 July 2025 Monthly perfomance review part 1 3 3 3 3 3 3 3
8 29 July 2025 Monthly perfomance review part 2 3 3 3 3 3 3 3
Annual Report 2025
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207
Meeting Participants
No Date Agenda
HAR JTA BSU MES SVE NPO TER
9 19 August 2025 Monthly perfomance review 3 3 3 3 3 3 3
10 22 September 2025 Monthly perfomance review 3 3 3 3 3 3 3
11 22 October 2025 Monthly perfomance review 3 3 3 3 3 3 3
12 25 November 2025 Monthly perfomance review 3 3 3 3 3 3 3
13 16 December 2025 Monthly perfomance review
Corporate Governance
3 3 3 3 3 3 3
Number of Meetings 13 13 13 13 13 13 13
Attendance Number 13 13 13 13 13 13 13
% Attendance 100% 100% 100% 100% 100% 100% 100%
Remarks
HAR : Haryanto Adikoesoemo
JTA : Jimmy Tandyo
BSU : Bambang Soetiono Soedijanto
MES : Mery Sofi
SVE : Suresh Vembu
NPO : Nery Polim
TER : Termurti Tiban
Plan for Board of Commissioners and Board of Directors Meetings in the Following
Year
Meetings for the following financial year are scheduled prior to agenda for the Board of Directors meetings will include the
the start of the year. Board of Directors meetings will be held discussion and determination of strategic policies, evaluation
once every month, while Board of Commissioners meetings of operational and financial performance, discussion of the
will be held once every 2 (two) months, with the planned Company’s direction and strategy, and other matters relevant
implementation of these meetings aligned with the provisions to the duties and functions of the Board of Directors.
stipulated in the Company’s Articles of Association. The
Annual Report 2025
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208
Performance Evaluation of the
Board of Commissioners and the
Board of Directors
The Company conducts performance evaluations of the 2. The performance of the duties and responsibilities of each
Board of Commissioners, both individually and collectively, at member of the Board of Directors.
least 1 (one) time a year. The assessment is carried out through 3. The implementation of the results of General Meeting of
self-assessment or other methods conducted by internal Shareholders (GMS) resolutions.
parties or third parties. The performance evaluation indicators 4. The achievement of the Company’s performance:
of the Board of Commissioners include, among others: a. financial aspects;
1. The performance of duties and responsibilities in b. operational aspects; and
accordance with the Board of Commissioners’ Rules of c. administrative aspects.
Procedure. 5. Compliance with the applicable laws and regulations and
2. The level of attendance and active participation in the Company’s policies.
meetings of the Board of Commissioners.
3. The level of attendance and a active participation in The performance evaluation parameters are determined
Committee meetings (if serving as a Committee member). objectively by taking into account individual and collective
4. The suggestions and inputs provided in the Company’s contributions, the effectiveness of supervision and
supervisory process. management, as well as the achievement of financial and
5. Involvement in specific assignments. operational performance. The results of the evaluation serve
6. Compliance with the applicable laws and regulations and as the basis for enhancing organizational capacity, adjusting
the Company’s policies. strategies, and strengthening GCG. A transparent and
systematic evaluation approach enables the Company to
In order to ensure accountability and leadership ensure the active roles of the Board of Commissioners and the
effectiveness, the performance of the Board of Directors Board of Directors in driving sustainable business growth.
is evaluated individually and collectively at least 1 (one) time
a year. The evaluation is conducted based on the results of In upholding the principle of accountability, the results of
the Board of Directors’ performance against the targets the evaluation are reported to the shareholders who are
set by the Company and individual targets. The assessment authorized to make decisions on the dismissal of members
covers financial and non-financial aspects, including the of the Board of Commissioners and the Board of Directors
fairness of the financial statements, the achievement of through the GMS if performance does not meet the targets.
financial ratios and market share, as well as the achievement
of other indicators as set out in the Board of Directors’ Key Throughout 2025, all members of the Board of Commissioners
Performance Indicators (KPI). and Board of Directors were assessed to have performed
their roles effectively. This assessment was supported by the
The performance evaluation indicators of the Board of Company’s compliance with applicable laws and regulations,
Directors are as follows: as well as continued improvements in GCG. The Company also
1. The performance of duties and responsibilities in maintained solid financial and operational performance, with
accordance with the Board of Directors’ Rules of net profit reaching Rp2,473 billion, an increase of 11% in 2025.
Procedure.
Nomination and Remuneration Policy
of the Board of Commissioners and the
Board of Directors
Nomination Policy
Nomination Procedures for the Board of Commissioners experience, and integrity, in line with the Company’s strategic
and the Board of Directors needs. All stages are conducted in a transparent and objective
manner, referring to the Articles of Association, applicable
The determination of candidates for members of the Board laws and regulations, and the principles of Company
of Commissioners and the Board of Directors follows a governance.
nomination process that takes into account competence,
Annual Report 2025
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209
The Nomination and Remuneration Committee is responsible e. having a commitment to comply with the prevailing laws
for reviewing candidates for the Board of Commissioners and regulations;
and the Board of Directors and for preparing succession f. possessing competence, namely the ability and
plans through the evaluation of qualifications, track records, experience in fields that support the performance of the
and alignment with the Company’s vision and mission. The duties and obligations of the Board of Commissioners;
final determination of the appointment and/or replacement g. having adequate knowledge and experience that are
of members of the Board of Commissioners and the Board relevant to the position.
of Directors is made through the GMS to obtain shareholder
approval.
Appointment and Criteria of the Board of Directors
Corporate Governance
Appointment and Criteria of the Board of Commissioners The GMS has full authority over the appointment and dismissal
of members of the Board of Directors, including in determining
The GMS has the authority to appoint, dismiss, and determine the remuneration of members of the Board of Directors. The
the remuneration of members of the Board of Commissioners. controlling shareholders may submit recommendations for
In this process, the Nomination and Remuneration Committee candidates for the Board of Directors. The Nomination and
reviews the profile and qualifications of each candidate Remuneration Committee then discusses the profile and
through nomination meetings and provides recommendations qualifications of each candidate together with the Board of
to the Board of Commissioners to be submitted to the GMS. Commissioners, with recommendations submitted to obtain
approval from the GMS.
The appointment of members of the Board of Commissioners
refers to Financial Services Authority Regulation (POJK) No. The appointment of members of the Board of Directors is
33/POJK.04/2014. Candidates who meet the criteria and carried out based on POJK 33/2014, with candidates who
requirements may be appointed with the approval of the GMS. meet the established criteria and requirements appointed
The criteria include, among others: upon obtaining GMS approval. The criteria include,
1. The Board of Commissioners shall consist of at least 2 among others:
(two) members, including Independent Commissioners 1. The Company’s Board of Directors shall consist of at least
in accordance with the requirements of the applicable 3 (three) members, and 1 (one) of the members shall be
capital market regulations. One of the members of the appointed as President Director.
Board of Commissioners shall be appointed as President 2. Those who may be appointed as members of the Board of
Commissioner or Chief Commissioner. Directors are Indonesian citizens and/or foreign citizens
2. Those who may be appointed as members of the Board who meet the requirements to be appointed as members
of Commissioners are Indonesian citizens and/or foreign of the Company’s Board of Directors in accordance
citizens who meet the requirements to be appointed as with Financial Services Authority regulations and other
members of the Company’s Board of Commissioners in applicable laws and regulations.
accordance with Financial Services Authority regulations 3. The composition of the Company’s Board of Directors
and other applicable laws and regulations. is sought to reflect diversity in expertise, experience,
3. The composition of the Company’s Board of education, nationality, age, gender, and independence.
Commissioners is sought to reflect diversity in expertise, 4. Possessing good morals, ethics, integrity, and reputation,
experience, education, nationality, age, gender, and namely having never been directly or indirectly involved in
independence. manipulation, improper practices, breach of trust, or other
4. Possessing good morals and ethics. actions that have harmed the company where the person
5. Having integrity and a good reputation, namely having works or has worked.
never been directly or indirectly involved in manipulation, 5. Being legally competent.
improper practices, breach of trust, or other actions that 6. During the 5 (five) years prior to appointment and during the
have harmed the company where the person works or term of office:
has worked. a. never having been declared bankrupt by a court;
6. During the 5 (five) years prior to appointment and during the b. never having served as a member of the Board of
term of office: Directors and/or the Board of Commissioners that
a. never having been declared bankrupt; was found guilty of causing a company to be declared
b. never having served as a member of the Board of bankrupt;
Directors and/or the Board of Commissioners that c. never having been convicted of a criminal offence that
was found guilty of causing a company to be declared caused losses to state finances and/or related to the
bankrupt; financial sector;
c. never having been convicted of a criminal offence that d. never having served as a member of the Board of
caused losses to state finances and/or related to the Directors and/or the Board of Commissioners who,
financial sector; during his or her term of office:
d. never having served as a member of the Board of • failed to hold an Annual GMS;
Directors and/or the Board of Commissioners who, • had his or her accountability as a member of
during their term of office: the Board of Directors and/or the Board of
• failed to hold an Annual GMS; Commissioners rejected by the GMS or failed to
• had his or her accountability as a member of submit accountability to the GMS;
the Board of Directors and/or the Board of • caused a company that had obtained a licence,
Commissioners rejected by the GMS or failed to approval, or registration from the Financial Services
submit accountability to the GMS; Authority to fail to submit annual reports and/
• caused a company that had obtained a licence, or financial statements to the Financial Services
approval, or registration from the Financial Services Authority.
Authority to fail to submit annual reports and/ 7. Having a commitment to comply with the prevailing laws
or financial statements to the Financial Services and regulations.
Authority;
Annual Report 2025
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8. Possessing competence, namely the ability and 11. Members of the Board of Directors may hold concurrent
experience in fields that support the performance of the positions as:
duties and obligations of the Board of Directors. a. members of the Board of Directors of up to 1 (one) other
9. Having good character and the ability to develop the Issuer or Public Company;
business for the advancement of the Company. b. members of the Board of Commissioners of up to 3
10.Having adequate knowledge and experience that are (three) other Issuers or Public Companies; and/or
relevant to the position. c. committee members on up to 5 (five) committees in
Issuers or Public Companies where the relevant person
also serves as a member of the Board of Directors or the
Board of Commissioners.
Remuneration Policy
Procedures for Determining the Remuneration of the The Nomination and Remuneration Committee conducts
Board of Commissioners and the Board of Directors reviews and submits recommendations on the structure,
policy, and amount of remuneration to the Board of
The Company determines the remuneration of the Board of Commissioners, who in turn submit to the GMS for shareholder
Commissioners and the Board of Directors in a transparent approval. The Company ensures that its remuneration policy
and objective manner, taking into account the performance, remains competitive and aligned with its performance, and
responsibilities, and contributions of each member in the supports leadership sustainability through effective talent
management and supervision of the Company, and with management. The remuneration procedures for members of
reference to the Articles of Association, prevailing laws and the Board of Commissioners and the Board of Directors are
regulations, and the principles of GCG. outlined as follows:
Implementation of Good Corporate Performance in the Company’s financial
Governance and operationals sectors
Comparison between targets and Alignment of the Company’s
Discussion of Performance
actual achievements of the Company performance with its vision andmission
Management achievements in
Strategy and Inovation
increasing value for shareholders
Discussion to determine the amount of the proposed remuneration for the Board of Commissioners and Director
Remuneration proposals for the Directors are presented in the General Meeting of Shareholders
Remuneration for Board of Commissioners and Directors are determined in the General Meeting of Shareholders
Total Remuneration of the Board of Commissioners and the Board of Directors
The total remuneration for 2025, grouped by employment benefits and post-employment benefits, is as follows:
in thousands of Rupiah
2025 2024
Description Post-Employment Post-Employment
Short-Term Benefits Short-Term Benefits
Benefits Benefits
Board of
19,736,629 - 24,366,897 -
Commissioners
Board of Directors 86,150,001 2,348,551 107,379,782 2,326,944
Annual Report 2025
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Committees of the
Board of Commissioners
The Board of Commissioners oversees the management of with the Charters that have been approved. The committees
the Company with the support of the Audit Committee and are composed of individuals with capabilities, experience,
the Nomination and Remuneration Committee, in accordance and expertise relevant to the scope of the oversight.
Corporate Governance
Audit Committee
To strengthen the oversight function of the Board of 6. Work Program
Commissioners, the Audit Committee monitors the 7. Structure and Membership
implementation of GCG and provides recommendations 8. Meetings
regarding the use of public accountant services, taking into 9. Reporting
account independence, scope of work, and the amount of 10.Closing
service fees.
Having an Audit Committee represents compliance with the Structure of Membership and Term of Office
provisions of Financial Services Authority Regulation No. 55/
POJK.04/2015 concerning the Establishment and Guidelines The Audit Committee is appointed and dismissed by the
for the Work of the Audit Committee and Financial Services Board of Commissioners and consists of at least one
Authority Regulation No. 9 of 2023 concerning the Use of Independent Commissioner who serves as chairperson and
Public Accountant Services and Public Accounting Firms. two independent external members, with the Chair of the
Committee not permitted to concurrently hold the position of
AKR’s Audit Committee supports the Board of Commissioners President Commissioner. The term of office of the Committee
through the review of financial information, evaluation of risk is the same as that of the Board of Commissioners, namely five
management, oversight of the effectiveness of internal and years, and reappointment is only permitted for a second term.
external audits, and monitoring of compliance with prevailing
laws and regulations. The Audit Committee also provides In addition, Committee members must not have been
recommendations on the appointment and dismissal of affiliated parties of a Public Accountant, Legal Consultant,
external auditors. Public Appraisal Service, and/or other consulting service
provider within the past six months. Committee members
must meet independence requirements, including not having
Audit Committee Charter been employees of the Company within the past year, not
concurrently serving on other committees during the same
The Audit Committee Charter was established and approved period, and to possess background understanding and
by the Board of Commissioners on 18 March 2024 and has knowledge of the Company’s business.
undergone a number of refinements and updates from the
version previously established on 19 June 2017. Updated
periodically to ensure compliance with applicable regulations, Audit Committee Composition
the Charter is prepared in accordance with prevailing laws and
regulations and contains the following: In 2025, there was a change made to the composition of the
1. Introduction Audit Committee through the appointment of Mr. Sartono
2. Purpose and Objectives to replace Mr. Sahat Pardede, who had reached the term-
3. Responsibilities of-office limit. The chronology of the changes to the Audit
4. Scope of Duties Committee is as follows:
5. Authority
Position 31 December 2024 – 22 May 2025 23 May – 31 December 2025
Chairperson Fauzi Ichsan Fauzi Ichsan
Sartono
Member Sahat Pardede
*Appointed pursuant to the Decree of the Company’s Board of
Commissioners No. 048/L.AKR.CS/2025 dated 23 May 2025.
Member Djisman Simandjuntak Djisman Simandjuntak
Annual Report 2025
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The composition of the Audit Committee as of 31 December 2025 is presented in the following table:
Name Position Basis of Appointment Term of Office
Chairperson/Independent Decree of the Company’s Board of Commissioners
Fauzi Ichsan 2025-2030
Commissioner No. 048/L.AKR.CS/2025 dated 23 May 2025.
Decree of the Company’s Board of Commissioners
Sartono Member 2025 - 2030*
No. 048/L.AKR.CS/2025 dated 23 May 2025.
Decree of the Company’s Board of Commissioners
Djisman Simandjuntak Member 2025-2030
No. 048/L.AKR.CS/2025 dated 23 May 2025.
*) Sartono resigned on December 31, 2025, through a letter dated December 15, 2025, and AKR Management has followed up by reporting to the OJK through Letter No.
001/L.AKR.CS/2026 dated 5 January 2026.
Profiles of Audit Committee Members
Fauzi Legal Basis of Appointment
Decree of the Company’s Board of
Remarks
The full profile is presented in the Company
Ichsan Commissioners No. 048/L.AKR.CS/2025
dated 23 May 2025.
Profile chapter of this Annual Report.
Term of Office
Audit Committee
Second term, 2025–2030
Chairperson
Term of Office Age
48 years old
1st Term - 2025-2030
Sartono*
Domicile Nationality
East Jakarta, DKI Jakarta Indonesia
Audit Committee Member
Legal Basis of Appointment Concurrent Positions
Decree of the Board of Commissioners of the Company No. 048/L. • Advisor on Transformation, PT Yodya Karya (Persero)
AKR.CS/2025 dated 23 May 2025. (2025–present)
• Member of the Audit Committee, Indonesia Financial Group
Educational Background (2025–present)
• MSc in Banking & Finance, Brunei University, London, United
Kingdom (2018–2019) Affiliation Relationships
• Master of Accounting, Universitas Padjadjaran, Bandung Has no affiliation with members of the Board of Commissioners, the
(2008–2010) Board of Directors, or the Controlling Shareholders.
• Bachelor of Accounting, Universitas Mercu Buana, Jakarta
(2000–2001)
• Diploma in Taxation, PKN STAN, Jakarta (1996–1999)
Employment History
• Chief Financial Officer, PT Indra Angkola (2024–2025)
• General Manager, PT Mitra Caraka Raya (2023–2025)
• Head of Assurance Unit – Internal Audit, MIND ID (2023)
• Chief Audit Executive, PT Asuransi Jiwa IFG (2022–2023)
• Division Head, Indonesia Deposit Insurance Corporation
(2013–2021)
• Senior Auditor, Audit Board of the Republic of Indonesia
(1999–2013)
*) Mr. Sartono served from May 23, 2025 to December 31, 2025, then was succeeded by Mr. Handoko Tripriyono effective January 1, 2026. Mr. Handoko Tripriyono’s profile
will be presented in the 2026 Annual Report.
Annual Report 2025
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213
Term of Office Age
Djisman 2 Term, 2025–2030
nd 79 years old
Simandjuntak Place and Date of Birth
Sipahutar – North Tapanuli, 1 January 1947
Audit Committee Member
Corporate Governance
Domicile Nationality
East Jakarta, DKI Jakarta Indonesia
Legal Basis of Appointment Concurrent Positions
Decree of the Company’s Board of Commissioners No. 048/L.AKR. • President Commissioner and Independent Commissioner of PT
CS/2025 dated 23 May 2025. Indo Tambangraya Megah Tbk (2018–present);
• Professor of Business Economics and Rector of Prasetiya Mulya
Educational Background University (2016–present);
• Ph.D. in Economics, Faculty of Economics and Social Sciences, • President Commissioner of PT Indoritel Makmur Internasional
University of Cologne, Germany (1983); Tbk (2015–present);
• Diploma in Monetary Economics and Public Finance, Faculty • Independent Commissioner of PT Asuransi MSIG Indonesia
of Economics and Social Sciences, University of Cologne, (2012–present);
Germany (1979); • Chairman of the Board of Directors, Centre for Strategic and
• Bachelor’s Degree in Management Economics, Faculty of International Studies (CSIS) Foundation (2005–present);
Economics, Parahyangan Catholic University, Bandung (1973). • President Commissioner of PT Indomarco Prismatama (2000–
present).
Employment History
• Co-Founder and Chairman of the Advisory Board, The Affiliation Relationships
Indonesian Institute for Corporate Directorship (IICD) No affiliation with members of the Board of Commissioners, the
(1999–2011); Board of Directors, or the Controlling Shareholders.
• Research Consultant, Asian Development Bank (1980–1990);
• Auditor, SGV-Utomo, Jakarta (1973–1974).
Audit Committee Independence accordance with the provisions set forth in Financial Services
Authority Regulation No. 55/POJK.04/2015 concerning
Each member of the Audit Committee has met the the Establishment and Guidelines for the Work of the
prescribed independence standards and has carried out Audit Committee. The following table presents the level of
duties and responsibilities in a professional manner in independence of each Audit Committee member.
Djisman
Independence Aspects Fauzi Ichsan Sartono
Simandjuntak
No financial relationship is maintained with the Board of
3 3 3
Commissioners and the Board of Directors
No management relationship is maintained with AKR, its
3 3 3
subsidiaries, or affiliated companies
No share ownership relationship is maintained in AKR 3 3 3
No family relationship is maintained with the Board of
Commissioners, the Board of Directors, and/or fellow 3 3 3
Audit Committee members
No position is held as a political party official or
3 3 3
government official
Audit Duties, Responsibilities, and Authority of the Audit 4. Provides information to the Board of Commissioners
Committee regarding the appointment of the public accountant
based on independence, scope of engagement, and
The Audit Committee Charter sets out details of the duties and remuneration.
responsibilities, as follows: 5. Reviews examinations conducted by internal auditors and
1. Reviewing financial information to be issued, including oversees follow-up on internal audit findings.
financial statements, projections, and other reports related 6. Reviews the implementation of risk management activities
to financial information. carried out by management.
2. Reviews compliance with prevailing laws and regulations. 7. Reviews complaints related to accounting and financial
3. Provides independent opinions to the Board of reporting processes.
Commissioners on differences of opinion between 8. Reviews and provides advice to the Board of
management and the public accountant. Commissioners regarding potential conflicts of interest.
Annual Report 2025
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9. Maintains the confidentiality of documents, data, and provides recommendations to support improvements in
information. the performance of the Board of Commissioners.
10.Evaluate the provision of annual historical financial 3. Conveys reports prepared by the Board of Directors in a
information audit services by the Public Accountant and professional and independent manner.
Public Accounting Firm. 4. Together with Internal Audit, assesses documentation
procedures and the implementation of management
The Audit Committee is vested with, among others, the practices recommended by operational units to improve
following authorities: the performance of financial transactions and reporting
1. Accesses data, documents, and other information systems.
concerning employees, funds, assets, and Company 5. Discusses the development of the business environment
resources as required. by identifying potential improvements in the Company’s
2. Communicates directly with employees, including the performance.
Board of Directors, internal audit, and public accountants in 6. Ensures that the Company’s financial statements are
relation to its duties and responsibilities. prepared in accordance with established accounting
3. Where necessary, engages independent external parties principles.
outside the Audit Committee members to assist in the 7. Ensures the effective implementation of internal control
performance of its duties at the expense of the Company, systems, financial reporting processes, and GCG within the
subject to the approval of the Board of Commissioners. Company.
4. Exercises other authorities granted by the Board of
Commissioners.
Audit Committee Meetings
Audit Committee Functions The Audit Committee Charter stipulates that meetings are to
be held at least once every three months, with decisions made
The Audit Committee has the following main functions: by consensus and documented in the meeting minutes. The
1. Reports the results of risk management evaluations to the Audit Committee may also invite the President Director and
Board of Commissioners to mitigate potential risks that Finance Director of AKR, the Head of Internal Audit, and other
may disrupt business operations. management units, as well as representatives of the external
2. Evaluates the performance of the Company and its auditor, to attend meetings.
subsidiaries on a regular basis (quarterly, semi-annually,
and annually) in relation to the achievement of business In 2025, the Audit Committee held 10 (ten) meetings with the
targets, market conditions and trends, and future following agendas and meeting summaries:
performance projections, and reports findings and
Audit Committee Attendance
Date Meeting Discussions
FIC SP STN DS
AC – KAP EY Update Progress Audit
26 February 2025 3 3 x 3
Meeting - PT AKR Corporindo Tbk
05 March 2025 Performance Internal Audit – Q4 2024 3 3 x 3
AC Pre-Meeting for the Financial
17 March 2025 3 3 x 3
Statements FY 2024
AC Pre-Meeting for the Financial
23 April 2025 3 3 x 3
Statements Q1 2025
22 May 2025 Performance Internal Audit – Q1 2025 3 x 3 3
AC Pre-Meeting for the Financial
24 July 2024 3 x 3 3
Statements Q2 2025
14 August 2025 Performance Internal Audit – Q2 2025 3 x 3 3
AC Pre-Meeting for the Financial
21 October 2025 3 x 3 3
Statements Q3 2025
24 October 2025 Performance Internal Audit – Q3 2025 3 x 3 3
AC – KAP EY Planning Meeting for PT
8 December 2025 AKR Corporindo Tbk. Year-End Audit 31 3 x 3 3
December 2025
Total Meetings 10 4 6 10
Total Attendance 10 4 6 10
% Attendance 100% 100% 100% 100%
Remarks
FIC : Fauzi Ichsan
SP : Sahat Pardede (term limit reached on May 22, 2025)
STN : Sartono (effective from May, 2025, to December 2025)
DS : Djisman Simandjuntak
Annual Report 2025
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Performance of Audit Committee Duties in 2025 4. Review of risk management and the effectiveness of
internal controls. Monitoring and evaluation of risks faced
Up to 31 December 2025, the Audit Committee had carried by the Company, the effectiveness of risk mitigation
out its roles and responsibilities optimally in supporting strategies implemented, and the effectiveness of internal
the oversight function of the Board of Commissioners in controls were conducted.
accordance with the approved Audit Committee Charter. The 5. Provision of whistleblowing facilities. Whistleblowing
performance of these duties is reflected in the achievement facilities were provided by AKR covering the Company,
of various targets and objectives as follows: Subsidiaries, and affiliated entities. Complaints from third
1. Oversight of the financial reporting process. Reviews of parties, including and especially those from employees,
the Company’s quarterly, semi-annual, and annual financial Subsidiaries, and affiliated entities, regarding accounting
statements were conducted prior to publication to ensure and financial reporting processes were reviewed.
Corporate Governance
that the financial statements were prepared in accordance 6. Evaluation of Internal Audit performance. The Internal
with Indonesian Financial Accounting Standards. Audit work plan was reviewed and approved, audit results
2. Oversight of compliance with regulations and Company were reviewed, and input was provided to enhance
policies. Compliance by AKR with all applicable laws the effectiveness of the Internal Audit function in
and regulations, including those issued by the Financial supporting GCG.
Services Authority (OJK) and the Indonesia Stock Exchange
(IDX), as well as the internal policies applicable within the The Audit Committee held regular meetings with the
Company, was ensured. independent auditor, the Internal Audit Unit, and Company
3. Oversight of the audit process conducted by the Management covering discussions on business processes
Independent Auditor (Public Accounting Firm – KAP). and financial reporting, evaluations of the independence
Oversight of the audit process conducted by the KAP in of the independent auditor, and the provision of objective
the audit of the annual financial statements, including the opinions in the event of differences of views between
scope and audit methodology applied, was carried out to management and the independent auditor in relation to the
maintain audit quality, and audit findings were discussed performance of audit services.
to ensure that the financial statements were fairly
presented. In addition, recommendations to the Board
of Commissioners on the appointment of replacement Audit Committee Recommendations
Public Accountants and/or Public Accounting Firms were
provided where the Public Accountant and/or Public As part of the oversight function, input and recommendations
Accounting Firm had been determined by the GMS. to the Board of Commissioners on areas within its scope of
oversight were also provided. In 2025, the recommendations
submitted included the following:
No Letter Number Date Subject
Regarding the appointment of an public accounting firm to
1. 001-L-AUKOM-2025 22 April 2025 audit the Company's Financial Statements for the 2025 Fiscal
Year.
Report on the results of the evaluation by the Audit Committee
of PT AKR Corporindo Tbk on the implementation of the audit
2. 002-L-AUKOM-2025 24 June 2025
of the Company's Consolidated Financial Statements for the
2024 Fiscal Year.
Additionally, throughout 2025, the Audit Committee actively Audit Committee Competency Development
participated in and discussed with management during the
Joint Meeting of the Board of Commissioners and Board As part of efforts to strengthen capacity and competence,
of Directors regarding AKR’s quarterly, semi-annual, and participation by the Audit Committee in training and
annual financial performance, as well as providing insights/ development programs, both formal and informal, is
recommendations related to operational performance, risk encouraged by AKR. In 2025, the Audit Committee
management, and governance. participated in the following competency development
programs:
No Name & Position Training Title Training Date Training Venue Organizer
1 Fauzi Ichsan Banking Risk Management 26 - 27 November Jakarta LPPI
Chairperson of Workshop Qualification 4 2025
Audit Committee
Banking Risk Management December 2025 Jakarta LPPI
Certification Qualification 4
2 Sartono Internal Auditor Conference 2 - 3 July 2025 Yogyakarta YPIA
Member of Audit (SNIA) 2025
Committee
Indonesia National Conference 27 - 28 August 2025 Medan IAI
IIA 2025
Workshop on Accounting 11 August 2025 Jakarta IAI and IKAI
Standards for S1 and S2
– Continuous Disclosure
Standards
Annual Report 2025
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No Name & Position Training Title Training Date Training Venue Organizer
Banking Risk Management 26 - 27 November Jakarta LPPI
Workshop Qualification 4 2025
Banking Risk Management December 2025 Jakarta LPPI
Certification Qualification 4
3 Djisman Business Economics Conference 10 April 2025 Jakarta Universitas
Simandjuntak 2025: “Revolutionizing FDI Policy Prasetiya Mulya
Member of Audit towards Equitable Growth in
Committee Indonesia”
International Doctoral 26 April 2025 Jakarta Universitas
Colloquium and Conference Prasetiya Mulya
“Application of AI in Management
and Entrepreneurship Research
to Foster Sustainable Economic
Development”
Hadi Soesastro Lecture in Hadi 13 August 2025 Jakarta CSIS
Soesastro Policy Forum
Strategic Forum on Export 29 September 2025 Jakarta Ministry of Trade
Market Expansion to Canada and of the Republic
the European Union: Indonesia’s of Indonesia
Potential, Opportunities, and
Challenges
Nomination and Remuneration Committee
The Nomination and Remuneration Committee is responsible 8. Term of Office of the Nomination and Remuneration
for formulating, evaluating, and providing recommendations Committee
on nomination and remuneration policies to the Board of 9. Closing
Commissioners to support decision-making. The scope of
the Committee’s duties includes the candidate selection
process, performance evaluation, and the determination Criteria for Members of the Nomination and Remuneration
of remuneration, which are carried out in an objective, Committee
transparent, and GCG -aligned manner.
The Nomination and Remuneration Committee ensures
The Committee’s establishment is based on Financial that the nomination process for members of the Board of
Services Authority Regulation No. 34/POJK.04/2014 dated 8 Commissioners and the Board of Directors is conducted in
December 2014 concerning Nomination and Remuneration accordance with GCG, through the establishment of criteria
Committees for Issuers or Public Companies. and the implementation of fit and proper tests. The results of
this process are submitted to the Board of Commissioners.
Nomination and Remuneration Committee Charter In addition, the Nomination and Remuneration Committee
conducts evaluations of the performance of the Board of
The Nomination and Remuneration Committee Charter Commissioners and the Board of Directors as the basis for
governs the duties, responsibilities, authorities, and working determining remuneration, which is submitted to the Board
procedures of the Committee in supporting the supervisory of Commissioners and is subject to approval by the General
function of the Board of Commissioners. The Charter was Meeting of Shareholders. Members of the Committee are
approved on 31 March 2015 and serves as the primary required to meet the following criteria:
reference in the performance of the Committee’s duties. 1. Having a sound understanding of the vision, mission, and
work culture of PT AKR Corporindo Tbk.
In line with regulatory developments, the Charter is reviewed 2. Having high integrity, as well as adequate capability,
and refined on a regular basis with the approval of the Board knowledge, and work experience.
of Commissioners. The provisions of the Charter cover 3. Not having any personal interests that could give rise to
various aspects relating to the roles and obligations of the adverse impacts or conflicts of interest with the Company.
Committee, including, among others: 4. Having sufficient time to carry out their duties.
1. Introduction 5. Being able to communicate and work together effectively.
2. Organizational Structure 6. In particular, for the Committee Chair who also serves as
3. Committee Membership Requirements an Independent Commissioner, the general requirement
4. Responsibilities applies that the individual has no relationship with the
5. Duties of the Nomination and Remuneration Committee Company, members of the Board of Directors, members of
6. Authorities, Rights, and Obligations the Board of Commissioners, or controlling shareholders,
7. Meetings of the Nomination and Remuneration Committee and does not hold any shares in the Company.
Annual Report 2025
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217
Structure of Membership and Term of Office 4. If a member of the Board of Commissioners who serves
as the Chairman of the Nomination and Remuneration
The Nomination and Remuneration Committee, established Committee resigns from his or her position as a
by the Board of Commissioners, consists of at least 3 (three) member of the Board of Commissioners, the Chairman
members, comprising an Independent Commissioner of the Nomination and Remuneration Committee
who acts as the Chair, a Commissioner, and an officer at shall be replaced by another member of the Board of
manager level. The Chair of the Committee is only permitted Commissioners who also serves as an Independent
to concurrently serve as chair of 1 (one) other committee, Commissioner within no later than 30 (thirty) days. The
and members of the Committee are prohibited from being position of Chairman of the Committee must be held by an
members of the Company’s Board of Directors. Independent Commissioner.
5. Members of the Nomination and Remuneration Committee
Corporate Governance
The provisions governing the term of office of the Nomination are appointed for a specific term of office and may be
and Remuneration Committee are as follows: reappointed.
1. The term of office of Committee members who are also
members of the Board of Commissioners shall not exceed
the term of office of the Board of Commissioners as Composition of the Nomination and Remuneration
stipulated in the Articles of Association. Committee
2. Committee members who are members of the Board
of Commissioners shall automatically cease to serve as As of 31 December 2025, AKR had reappointed the members
Committee members upon the expiration of their term of of the Nomination and Remuneration Committee for the
office as members of the Board of Commissioners. 2025–2030 term of office, with the composition as follows:
3. In the event that a Committee member who is also a
member of the Board of Commissioners ceases to serve
before the end of his or her term, another member of
the Board of Commissioners may be appointed as a
replacement.
Term of
Name Position Basis of Appointment
Office
Fauzi Ichsan Chair Board of Commissioners’ Resolution of PT AKR
Corporindo Tbk concerning Amendments to the
(who also serves as an Nomination and Remuneration Committee of Issuers or 2025-2030
Independent Commissioner) Public Companies No. 049/L.AKR.CS/2025 dated 23
May 2025.
Soegiarto Member Board of Commissioners’ Resolution of PT AKR
Adikoesoemo Corporindo Tbk concerning Amendments to the
(who also serves as a President Nomination and Remuneration Committee of Issuers or 2025-2030
Commissioner) Public Companies No. 049/L.AKR.CS/2025 dated 23
May 2025.
Felix Abednego Member Board of Commissioners’ Resolution of PT AKR
Corporindo Tbk concerning Amendments to the
(who is a party holding a Nomination and Remuneration Committee of Issuers or
2025-2030
managerial position under the Public Companies No. 049/L.AKR.CS/2025 dated 23
Board of Directors in charge of May 2025.
human resources)
Profiles of the Members of the Nomination and Remuneration Committee
Fauzi Legal Basis of Appointment
Board of Commissioners’ Resolution
Term of Office
2nd Term, 2025–2030
Ichsan of PT AKR Corporindo Tbk concerning
Amendments to the Nomination and Remarks
Chair of the Nomination Remuneration Committee of Issuers or Public The full profile is presented in the Company
Companies No. 049/L.AKR.CS/2025 dated Profile chapter of this Annual Report.
and Remuneration
23 May 2025.
Committee
Soegiarto Legal Basis of Appointment
Board of Commissioners’ Resolution
Term of Office
2nd Term, 2025–2030
Adikoesoemo of PT AKR Corporindo Tbk concerning
Amendments to the Nomination and Remarks
Remuneration Committee of Issuers or Public The full profile is presented in the Company
Companies No. 049/L.AKR.CS/2025 dated Profile chapter of this Annual Report.
Member of the
23 May 2025.
Nomination and
Remuneration Committee
Annual Report 2025
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218
Felix Legal Basis of Appointment
Board of Commissioners’ Resolution
Term of Office
2nd Term, 2025–2030
Abednego of PT AKR Corporindo Tbk concerning
Amendments to the Nomination and Remarks
Remuneration Committee of Issuers or Public The full profile is presented in the Company
Companies No. 049/L.AKR.CS/2025 dated Profile chapter of this Annual Report.
Member of the
23 May 2025.
Nomination and
Remuneration Committee
Independence of the Nomination and Remuneration 2. Based on the above, discussions are then conducted
Committee to determine the level of remuneration for members of
the Board of Directors and the Board of Commissioners
The Nomination and Remuneration Committee upholds the to be submitted to the Board of Commissioners and
principles of independence, objectivity, and transparency subsequently used as material for deliberation at the
to ensure fair decision-making, with duties carried out in a General Meeting of Shareholders.
professional manner without interference from any other 3. Performing other duties related to remuneration as
party, under the leadership of the Committee Chair who assigned by the Board of Commissioners.
is an Independent Commissioner. Under the statement of
independence, the Chair of the Committee has no affiliation
with the Company, members of the Board of Directors, Authorities, Rights, and Obligations
members of the Board of Commissioners, or controlling
shareholders, and does not hold any shares in the Company. The Nomination and Remuneration Committee has the
following rights and obligations:
1. The Nomination and Remuneration Committee may access
Duties and Responsibilities of the Nomination and records and information relating to employees, funds,
Remuneration Committee assets, and other Company resources that are relevant to
the performance of its duties.
The Charter of the Nomination and Remuneration Committee 2. In carrying out its duties, the Nomination and Remuneration
sets out detailed provisions on duties and responsibilities, as Committee may work together with the human resources,
described below: finance, and other relevant functions related to its scope of
responsibilities.
In relation to Nomination 3. The Nomination and Remuneration Committee may
1. Reviewing and evaluating the performance of each engage third parties with the approval of the Board of
member of the Board of Directors and the Board of Commissioners.
Commissioners in relation to the Company’s work culture, 4. Each member of the Nomination and Remuneration
the implementation of good corporate governance, Committee is required to perform his or her duties
the overall conduct of the Company’s operations, the properly and to maintain the confidentiality of all Company
Company’s actual performance, the alignment between documents, data, and information. Such documents,
the Company’s vision and mission, the appropriateness data, and information shall only be used for the purpose of
of the strategies and innovations implemented, and the carrying out the Committee’s duties.
achievements in enhancing shareholder value. 5. In performing its duties, the Nomination and Remuneration
2. Based on the above, discussions are conducted to Committee is required to take into consideration the
determine proposals for new members of the Board Company’s financial performance, individual performance,
of Directors and/or the Board of Commissioners to fairness, and the Company’s long-term objectives and
be submitted to the Board of Commissioners and strategies, as well as other relevant considerations.
subsequently used as material for deliberation at the 6. The Nomination and Remuneration Committee prepares a
General Meeting of Shareholders. work plan to be submitted to the Board of Commissioners.
3. Performing other duties related to nomination as assigned 7. The Nomination and Remuneration Committee is required
by the Board of Commissioners. to submit a report on the performance of its duties to the
Board of Commissioners.
In relation to Remuneration
1. Reviewing and evaluating the performance of each member
of the Board of Directors and the Board of Commissioners Meetings of the Nomination and Remuneration Committee
in relation to the implementation of good corporate
governance, the overall conduct of the Company’s The Charter of the Nomination and Remuneration Committee
operations, the Company’s actual performance, the stipulates that meetings shall be held at least 1 (one) time every
alignment between the Company’s vision and mission, the 4 (four) months. Meetings are controlled by the Committee
appropriateness of strategies and innovations, and the Chair and are attended by at least 51% of the total number of
achievements in enhancing shareholder value. Committee members, including the Independent Committee
member. The results of meetings are recorded in the minutes,
with decisions taken based on deliberation and consensus.
In 2025, the Nomination and Remuneration Committee
convened 3 (three) meetings, with the agenda and meeting
recapitulation as follows:
Annual Report 2025
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219
Attendance
Date Meeting Agenda
FIC SA FA
10 February 2025 • Performance Evaluation of the Board of
Directors and Board of Commissioners
3 3 3
• Remuneration Structure and Levels of the Board
of Commissioners and Board of Directors 2025
14 March 2025 Recommendation for the Appointment of the
Board of Commissioners and Board of Directors 3 3 3
for the 2026-2030 Term
Corporate Governance
24 July 2025 Board of Directors’ Performance Evaluation (1H
3 3 3
2025) and Talent Management Implementation
Number of Meetings 3 3 3
Number of Attendances 3 3 3
Attendance Percentage 100% 100% 100%
Remarks
FIC : Fauzi Ichsan
GIK : Soegiarto Adikoesoemo
FA : Felix Abednego
Implementation of the Duties of the Nomination and 4. Talent Development Recommendation
Remuneration Committee in 2025 The Committee provided recommendations on talent
development, particularly to support succession planning
The Nomination and Remuneration Committee carried and the fulfillment of strategic positions within the
out its roles and responsibilities in accordance with Company.
the Committee Charter, covering the evaluation of the
performance of the Board of Directors and the performance
of the Company, oversight of the relationship between the The Committee’s Role in the Talent Development Program
Board of Commissioners and the Board of Directors, and the
assessment of the remuneration structure and policies of the To ensure leadership continuity, the Company has a
Board of Directors and the Board of Commissioners. succession policy for the Board of Directors that supports
long-term strategy and organizational strengthening.
In 2025, Committee achievements were as follows: The policy covers mechanisms for the identification and
1. Performance Evaluation of the Board of Commissioners development of candidates who possess the capabilities
and Board of Directors and leadership values aligned with the Company’s strategic
The Committee conducted a comprehensive review of the direction.
performance of members of the Board of Commissioners
and Board of Directors, taking into account performance The Nomination and Remuneration Committee is responsible
achievements, strategic contributions, and alignment for conducting assessments and providing recommendations
with the Company’s development direction. The results of in relation to succession planning for the Board of Directors
this evaluation served as the basis for recommendations and/or the Board of Commissioners. All nomination processes
to the Board of Commissioners to enhance the are carried out in an objective and transparent manner,
effectiveness of the roles and functions of the Company’s with due regard to the Company’s needs and applicable
governing bodies. regulations.
2. Review of Remuneration Structure and Policy
The Committee reviewed the remuneration structure and The Company’s succession programs for the Board of
levels for members of the Board of Commissioners and Directors are as follows:
Board of Directors for 2025 to ensure that the remuneration 1. Education and training programs, conducted either
policy remains competitive, aligned with the Company’s internally within the Company or organized by external
performance, and reflects principles of fairness and parties.
prudence. 2. Delegation of authority.
3. Recommendation on the Composition of the Board of 3. The implementation of fit and proper tests for new
Commissioners and Board of Directors candidates who will replace a member of the Board of
The Committee provided recommendations to the Directors.
Board of Commissioners on the composition of the 4. The approval of decisions on the appointment of new
Board of Commissioners and Board of Directors for members of the Board of Directors by the Shareholders.
the 2026–2030 term, taking into account leadership
continuity, competency needs, industry dynamics, and the
Company’s long-term strategy.
Annual Report 2025
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Development of Nomination and Remuneration 2025, various competency development programs had been
Committee Competence undertaken by the Nomination and Remuneration Committee,
including:
The Company considers the development of competencies
to be an important element in supporting the effective
performance of the Committee’s functions. As of 31 December
No Name Training Title Training Date Training Venue
Banking Risk Management Workshop (Level 4) 26 – 27 November 2025 Jakarta
1 Fauzi Ichsan
Banking Risk Management Sertification (Level 4) December 2025 Jakarta
Other Committees Supporting
the Board of Commissioners
As of 31 December 2025, the Company did not have any additional committees under the Board of Commissioners other than the
Audit Committee and the Nomination and Remuneration Committee.
Annual Report 2025
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221
Committees Supporting
the Board of Directors
ESG Committee
Corporate Governance
The Company has established an ESG Committee to oversee The Charter sets out provisions on the Introduction,
the implementation of its sustainability strategy across References, Purpose and Objectives, Responsibilities,
business activities. This reflects the Company’s commitment Authorities, Membership Structure, Meeting Procedures,
to supporting sustainable development by taking into account Reporting, Ongoing Competency Development, and
Environmental, Social, and Governance aspects. In carrying Charter Review.
out its role, the ESG Committee is responsible for formulating
sustainability policies, monitoring compliance with ESG
standards, and assessing the effectiveness and performance
of the Company’s various sustainability initiatives. Position of the ESG Committee
The ESG Committee was established by the Company’s Board
ESG Committee Charter of Directors to support the Board of Commissioners and the
Board of Directors in the formulation of AKR’s sustainability
The ESG Committee Charter was signed by all Committee strategies, targets, and policies, as well as in overseeing
members on 20 January 2023 as a guideline for the their implementation. In addition, the ESG Committee works
performance of their duties and responsibilities. The together with the ESG Task Force in reviewing the impacts
preparation of the Charter refers to Financial Services and risks arising from the implementation of strategies in
Authority Regulation No. 51/POJK.03/2017 on the accordance with applicable laws, regulations, and policies.
Implementation of Sustainable Finance for Financial Services
Institutions, Issuers, and Public Companies; the Global
Reporting Initiative 2021 Universal Standards: Disclosure 3-3
Material Topics Management; POJK 21/2015; and Financial
Services Authority Circular Letter No. 32/SEOJK.04/2015 on
Guidelines for the Governance of Public Companies (SEOJK
32/2015).
BOD-BOC
ESG Committee
ESG Task Force
AKR Logistics and Supply Chain Joint Ventures,
JIIPE Industrial Estate Port,
AKR Trading & Distribution Operations, ATI, AST, including Manufacturing and New
Utilities and Operations
Network & Operations, JTT Initiatives
Composition of the ESG Committee Independent Commissioner. The Company has mandated
the ESG Committee to coordinate sustainability initiatives
To ensure coordinated and effective implementation of across all business units, accompanied by ongoing oversight
sustainability, the Chair of the ESG Committee reports directly to ensure that implementation proceeds in accordance with
to the President Director and is under the oversight of an established plans and principles.
Annual Report 2025
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222
The ESG Committee leads the ESG Task Force, which consists of ESG Committee members is presented in the Company
of senior employees from various functions, supporting the Profile chapter of this Annual Report. The composition of the
implementation of sustainability policies and initiatives at the ESG Committee includes, among others:
operational level. Information on the composition and profiles
Name Position
Fauzi Ichsan Independent Commissioner
Haryanto Adikoesoemo Chairman of the ESG Committee and President Director
Members
Jimmy Tandyo CEO AKR Business Unit
Mery Sofi Deputy CEO AKR Business Unit
Bambang Soetiono Soedijanto CEO Industrial Estate Segment
Suresh Vembu Director & Corporate Secretary
Felix Abednego Head of Human Resource Division
Duties and Responsibilities Implementation of the ESG Committee Duties
The ESG Committee serves as a supporting body to the Board The ESG Committee together with the ESG Task Force
of Directors and the Board of Commissioners in overseeing developed the AKR Sustainability House: Progressing with
and evaluating various ESG aspects, including climate change Purpose framework, which consists of 4 (four) main pillars
impacts, energy management, conservation of natural that serve as the foundation and direction for integrating
resources and the environment, supply chain, human rights, as sustainability principles into the Company’s strategy and
well as diversity and inclusion. The Committee also provides operational activities across all business units, namely:
guidance and ensures that the formulation of the ESG 1. Our Business Portfolio: Building a strong, resilient, and
strategy is aligned with its long-term objectives. robust business portfolio to support the evolving needs of
customers and stakeholders.
The ESG Committee collaborates with the ESG Task Force in 2. Our People: Nurturing, developing, and protecting human
setting the direction of the sustainability strategy, establishing resources as the Company’s most valuable asset.
targets, and reviewing the impacts and risks arising from 3. Our Communities: Giving back to the communities
the implementation of such strategies. The implementation wherever the Company operates.
of AKR’s sustainability initiatives refers to applicable laws, 4. Our Conduct: Operating responsibly and upholding ethical
regulations, and policies. conduct and legal compliance in everything that is done.
Development of the sustainability strategy is through a 2 Regarding the Company’s sustainability implementation,
(two)-way communication mechanism between the ESG the ESG Committee conducted its oversight and advisory
Committee and the ESG Task Force. The ESG Committee functions in 2025, supported by the Corporate Secretary as
provides strategic direction and recommendations, while the the ESG Committee secretariat. Coordination was conducted
ESG Task Force reports actual conditions and implementation periodically through the submission of updates and materials
at the operational level. The duties and responsibilities of the to the Chair and members of the Committee as required. The
ESG Committee include: ESG Committee’s key focus areas during 2025 included:
1. Reviewing business processes and identifying, managing, 1. Oversight of the Company’s ESG Initiative
and mitigating the impacts of AKR’s operations on Implementation: Monitoring the preparation of the
environmental, social, and governance aspects. Sustainability Report, strengthening disclosure quality, and
2. Monitoring and assessing developments in Indonesian ensuring alignment with the Company’s strategic direction.
and international sustainability regulations and standards, 2. Providing Direction on Strengthening Sustainability
determining relevant material topics for AKR, and providing Governance: Readiness for developments in relevant
recommendations to the highest level of the ESG task sustainability regulations and reporting standards.
force to formulate appropriate sustainability strategies, 3. Review of ESG Reporting and Disclosure Developments:
policies, targets, and guidelines for AKR. Ensuring transparency and consistency of information for
3. Periodically reviewing AKR’s sustainability strategies, stakeholders.
policies, targets, and guidelines. 4. Monitoring External ESG Assessments and Recognition:
4. Periodically reviewing AKR’s sustainability performance Tracking ESG ratings and recognition of the quality of the
across all aspects of AKR’s Sustainability Commitments. Company’s reporting.
5. Reviewing the effectiveness of communication in
disseminating AKR’s sustainability policies to internal and The ESG Committee did not hold formal meetings in 2025
external stakeholders. but continued its oversight function through periodic
6. Participating in the development of public policies related updates submitted by the Corporate Secretary via written
to climate change and environmental impacts. communication. The update materials provided to the ESG
Committee included:
Annual Report 2025
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223
1. Developments in the Company’s ESG Implementation • Implementation of awareness sessions and internal ESG
• Coordination of Sustainability Report preparation and discussions
strengthening of ESG disclosure quality • Initial discussions on sustainability risks and ESG data
• Development of sustainability narratives aligned with collection
the Company’s strategy 4. Monitoring External ESG Recognition and Assessments
• Monitoring the alignment of ESG practices with AKR • Monitoring the Company’s position in ESG indices and
Horizon 2030 assessments
2. Readiness for Developments in Sustainability Regulations • Sharing external evaluation results on the quality of the
and Reporting Standards Annual Report and Sustainability Report
• Updates on ESG regulatory developments and relevant • Strengthening the credibility of the Company’s
reporting standards sustainability disclosures
Corporate Governance
• Sharing of the Company’s participation in external ESG
forums and seminars Through these mechanisms, the ESG Committee continued
• Initial socialization of sustainability reporting standards to receive sufficient updates to carry out its oversight and
implementation (including PSPK/IFRS Sustainability) advisory functions regarding the Company’s sustainability
3. Cross-Functional Internal ESG Coordination implementation on an ongoing basis.
• Establishment and coordination of a cross-unit ESG
Taskforce
Corporate Secretary
The Corporate Secretary is responsible for maintaining the Profile of the Corporate Secretary
Company’s reputation and effective communication with
stakeholders, supporting the Board of Directors in fostering Mr. Suresh Vembu has served as the Corporate Secretary
constructive relationships between AKR, as an Issuer, and pursuant to the Board of Directors’ Resolution No. 1/L-
shareholders, regulators, capital market institutions, investors, HR/11/2019 dated 1 November 2019, domiciled in Jakarta,
the general public, and stakeholders in general. In addition, Indonesia. Mr. Suresh Vembu’s full profile is presented in the
the Corporate Secretary ensures the implementation of GCG . Company Profile section of this Annual Report.
The Corporate Secretary is also responsible for ensuring
compliance with information disclosure obligations, Duties and Responsibilities of the Corporate Secretary
including the accurate and transparent submission of reports
and material information to regulators and the public. The The Corporate Secretary plays an important role in the
Corporate Secretary coordinates internal and external implementation of GCG, including:
communications, supports the organization of the General 1. Monitoring developments in the capital market, particularly
Meeting of Shareholders (GMS), and ensures that all activities applicable laws and regulations in the capital market sector.
as an Issuer are conducted in accordance with applicable 2. Providing input to the Board of Directors and the Board
laws and regulations. The appointment of AKR’s Corporate of Commissioners to ensure compliance with applicable
Secretary is carried out in accordance with Financial Services capital market laws and regulations.
Authority Regulation No. 35/POJK.04/2014 concerning 3. Assisting the Board of Directors and the Board of
Company Secretaries of Issuers or Public Companies. Commissioners in the implementation of GCG, which
includes:
a. Disclosure of information to the public, including the
Mechanism for the Appointment of the Corporate availability of information on the Company’s website;
Secretary b. Timely submission of reports to the Financial Services
Authority;
The Board of Directors appoints and dismisses the Corporate c. The organization and documentation of General
Secretary with the approval of the Board of Commissioners, Meetings of Shareholders;
and the appointment process is reported to the Financial d. The organization and documentation of meetings of the
Services Authority. The mechanism for the appointment of the Board of Directors and/or the Board of Commissioners.
Corporate Secretary at AKR includes: 4. Serving as a liaison between the Company and
1. Identification of the Company’s need for a new Corporate shareholders, the Financial Services Authority, and other
Secretary. stakeholders.
2. Evaluation of candidates from within the Company.
3. Selection of candidates through a fit and proper test
mechanism involving AKR’s Board of Directors. Implementation of the Duties of the Corporate Secretary
4. Processing of the fit and proper test results by the
relevant team to initiate the issuance of a personnel In 2025, the Corporate Secretary’s duties and responsibilities
appointment plan. were conducted strategically, ensuring compliance with
5. Formalization of the Corporate Secretary’s appointment capital market regulations, strengthening GCG, and enhancing
through the issuance of a Board of Directors’ Resolution. transparency and communication with stakeholders.
6. Submission of a report on the appointment or dismissal of
the Corporate Secretary to the Financial Services Authority.
Annual Report 2025
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224
1. Regulatory Compliance & Information Disclosure • Dissemination of ESG regulatory developments and
The Company ensured full compliance with Financial sustainability reporting to management and related
Services Authority (OJK) and Indonesia Stock Exchange functions
(IDX) regulations throughout 2025, including: • Implementation of internal training and discussions on
• No sanctions or warning letters from regulators sustainability reporting standards (including PSPK 1 & 2)
• All disclosures and periodic reports submitted in a • Strengthening cross-functional ESG coordination
timely manner through the ESG task force
• Management of affiliated transactions conducted in
accordance with applicable regulations These initiatives supported the improvement of
• The Annual GMS conducted in compliance with laws and sustainability disclosure quality and the Company’s
transparency principles readiness for evolving global reporting standards.
4. Strengthening Stakeholder Trust
The Corporate Secretary also confirmed that disclosure Consistent implementation of GCG and information
materials were prepared in a structured and consistent transparency contributed to enhanced reputation and
manner to maintain the credibility of public information and stakeholder trust, reflected in:
enhance the quality of communication with investors and • No regulatory sanctions
the media. • Various awards for the quality of the Annual Report and
2. Strengthening GCG Sustainability Report
The Company continued to strengthen its GCG framework • External recognition of GCG and sustainability practices
in alignment with POJK regulations and regional best • Maintenance of the Company’s position in various stock
practices, including the ASEAN Corporate Governance exchange indices and ESG assessments
Scorecard (ACGS). Throughout 2025, initiatives included:
• Enhancing the effectiveness of coordination between The Corporate Secretary will continue to strengthen
the Board of Directors and the Board of Commissioners governance, compliance, and disclosure functions to
• High levels of shareholder attendance and approval support the Company’s sustainable growth and maintain
at the GMS the confidence of investors and stakeholders.
• Transparent and timely dividend distribution
• Fair and equal implementation of shareholder rights
Corporate Secretary Training
These efforts reflect the Company’s commitment to
maintaining accountability and increasing shareholder and To support the execution of the Corporate Secretary’s duties,
investor confidence. AKR encourages participation in training programs conducted
3. Support for ESG and Sustainability Implementation both formally and informally. In 2025, the Corporate Secretary
The Corporate Secretary acted as a coordinator in participated in the following competency development
strengthening internal readiness for sustainability programs:
standards and ESG reporting implementation. Activities
throughout 2025 included:
• Coordination of the timely preparation of the Annual
Report and Sustainability Report
No Education/Training/Seminar Training Date Training Venue Organizer
1 Socialization of POJK No. 45 of 2024 6 February 2025 Zoom OJK & IDX
Corporate Reputation in The Digital Era:
2 28 February 2025 Zoom ICSA
Strategies to Build Investor Trust
3 OJK Sustainable Finance Policy 13 March 2025 Zoom ICSA
Navigating ESG Challenges through
4 Strengthening Good Corporate Governance 18 March 2025 Zoom ICSA
Policies
POJK No. 9 of 2023 and SEOJK No. 18/ Indonesia Stock
5 21 March 2025 Zoom
SEOJK.03/2023 Exchange
6 POJK No. 29 of 2023 on Share Buybacks 15 May 2025 Zoom ICSA
Synergizing Corporate Communicationto
7 30 May 2025 Zoom ICSA
Navigate Global Volatility
Navigating ESG in Global Economy Indonesia Stock Indonesia Stock
8 26 & 30 June 2025
Uncertainty Exchange Exchange
Socialization of IFRS S1–S2 Sustainability Indonesia Stock Indonesia Stock
9 2 July 2025
Disclosure Standards Exchange Exchange
Indonesian Industrial
10 Sustainability Report for Industrial Estates 16 July & 21 August 2025 Hybrid
Estate Association
Indonesia Stock
11 POJK No. 17 2020 1 September 2025 Zoom
Exchange
Annual Report 2025
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225
No Education/Training/Seminar Training Date Training Venue Organizer
Cybersecurity Integration in Good Corporate
12 29 October 2025 Zoom ICSA
Governance
Advancing to Double Materiality: Navigating
Indonesia Stock AEI Collaboration
13 GRI and ISSB for Meaningful, Aligned 10 – 11 November 2025
Exchange with GRI
Disclosures for Public Listed Companies
The Role of the Corporate Secretary in the Era
14 20 November 2025 Zoom ICSA
of AI & Digital Reputation
Corporate Governance
15 Digital Trust Insight 2026 PwC 25 November 2025 Jakarta PwC
16 OJK Year-End Dialogue 5 December 2025 Jakarta OJK
Socialization of Regulations and Reporting
17 19 December 2025 Zoom OJK & KSEI
System for Changes in Share Ownership
Internal Audit Unit
The Internal Audit Unit serves as an independent function that August 2015. The Company initially established the Charter
supports the President Director in assessing the adequacy and on 30 December 2009. To ensure continued relevance and
effectiveness of internal control systems, risk management, alignment, the Charter is reviewed periodically, and any
and GCG. Its establishment is in accordance with Financial amendments or refinements are made in accordance with
Services Authority Regulation No. 56/POJK.04/2015 (POJK applicable laws and regulations.
56/2015) concerning the Establishment and Guidelines for the
Preparation of the Internal Audit Unit Charter. The Internal Audit Unit Charter regulates among others,
including:
The strategic role of the Internal Audit Unit is carried out 1. The vision and mission of the Internal Audit Unit.
through the provision of objective and independent 2. The functions and organizational structure of the Internal
assurance and consulting services to support value creation Audit Unit.
and the improvement of operational performance. By 3. Requirements and development framework of the Internal
applying a systematic and structured approach, the Internal Audit Unit.
Audit Unit assists Company management in conducting 4. Authorities, duties, and responsibilities of the Internal
audits, assessments, reporting, evaluations, and in providing Audit Unit.
recommendations for improvement in line with AKR’s 5. Audit implementation, reporting, and the ethical standards
established policies. of the Internal Audit Unit.
6. Limitations of the Internal Audit Unit, including its
Guidelines for the Implementation of the Internal Audit determination and approval by the President Director and
Unit the Board of Commissioners.
The Internal Audit Unit Charter serves as primary framework
that governs the duties, authorities, and responsibilities
of the Internal Audit Unit. The Charter was approved by the
President Director, with the most recent update dated 13
Vision and Mission of the Internal Audit Unit
Vision Mission
To become an independent, • To support Company Management in
objective, and professional achieving optimal performance through
unit that provides added consulting activities that enhance the
efficiency and effectiveness of the
value in supporting Company Company’s operations.
Management in achieving its • To perform the assurance function to
business objectives, vision, and support the achievement of GCG and
Operational Excellence..
mission.
Annual Report 2025
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226
Organizational Structure of Internal Audit compliance aspects. The Head of the Internal Audit Unit
reports directly to the President Director. The Internal Audit
The Internal Audit Unit is under the supervision of the Board Unit forms an integral part of the Company’s organizational
of Directors and is mandated to perform independent audit structure as outlined below:
functions over the Company’s operational, financial, and
Board of Commissioners
Independent Commissioner
President Director Audit Committee
Head of Internal Audit
Parties Responsible for the Appointment and Dismissal of 3. Selection of candidates through a fit and proper test
the Head of the Internal Audit Unit conducted by the Board of Directors, with consideration
from the Board of Commissioners assisted by the Audit
The appointment and dismissal of the Head of the Internal Committee.
Audit Unit fall under the authority of the President Director with 4. Processing of the fit and proper test results to initiate the
the approval of the Board of Commissioners. The process is personnel appointment process.
conducted in accordance with the applicable provisions and 5. Formalization of the appointment through the issuance of
internal procedures, with the stages as follows: an Appointment Decree.
1. Identification of the Company’s need for a Head of the
Internal Audit Unit.
2. Evaluation of internal and external candidates.
Profile of the Head of the Internal Audit Unit
Joined since Age
Antonius 4 February 2019 43 years old
Setiawan Domicile
South Tangerang, Banten
Head of the Internal Audit Nationality
Unit Indonesian
Legal Basis of Appointment Concurrent Positions
Board of Directors’ Resolution No. 35/L-HR/XI/2019 dated 8 None
November 2019
Affiliation Relationships
Educational Background Has no affiliation with members of the Board of Commissioners, the
Bachelor’s degree in Accounting from Atma Jaya University Jakarta Board of Directors, or the Controlling Shareholders.
(2004).
Certifications
ISO 9001 Auditor
Employment History
• Internal Audit Group – Senior Manager, PT Central Cipta Murdaya
(2016–2019)
• Internal Audit Group – Senior Manager, PT Tiphone Mobile
Indonesia (2016)
• Internal Audit Group – Manager, PT Djarum (2010–2015)
• Accounting – Section Head, PT Asuransi Adira Dinamika
(2004–2009)
Annual Report 2025
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227
Function and Position of the Internal Audit Unit 4. Preparing and conducting operational audits to assess
the level of efficiency and effectiveness of all Company
Functions of the Internal Audit Unit: activities.
1. Conducting independent and objective assurance and 5. Preparing and conducting special or investigative audits at
consulting activities aimed at adding value and improving the request of Management.
the Company’s operations through a systematic evaluation 6. Providing input and recommendations for the
of the effectiveness of the Company’s risk management, improvement of the Company’s systems, procedures, and
control, and governance processes. policies to support efficiency and effectiveness in line with
2. Assisting Company Management in the implementation the Company’s vision and mission.
of GCG, which includes audits, assessments, reporting, 7. Preparing and submitting audit reports, recommendations,
evaluations, recommendations, and the provision of and follow-up actions classified as pending, in progress,
assurance and consulting activities to work units, to and completed to the President Director.
ensure that work units are able to perform their duties and 8. Preparing programs to evaluate the quality of internal audit
Corporate Governance
responsibilities effectively, efficiently, and in accordance activities performed.
with the policies determined by the Company.
Position of the Internal Audit Unit: Authorities of the Internal Audit Unit
1. The Internal Audit Unit is structurally headed by the Head of
the Internal Audit Unit. 1. Determining audit strategies, scope, methods, and
2. The Head of the Internal Audit Unit is appointed and frequency independently subject to approval by the
dismissed directly by the President Director with the President Director.
approval of the Board of Commissioners. 2. Having access to all documents, records, systems, physical
3. The President Director may dismiss the Head of the assets, and information of the Company related to audit
Internal Audit Unit, with the approval of the Board of activities.
Commissioners, if the Head of the Internal Audit Unit does 3. Communicating directly with the Board of Directors, the
not meet the requirements stipulated in Financial Services Board of Commissioners, and/or the Company’s Audit
Authority Regulation No. 56/2015 and/or fails or is unable to Committee.
perform his or her duties. 4. Submitting any obstacles and related follow-up actions
4. The Head of the Internal Audit Unit reports directly to the directly to the President Director.
President Director. 5. Holding both regular and ad hoc meetings with the
5. Members of the Internal Audit Unit report directly to the President Director, the Board of Commissioners, and/or
Head of the Internal Audit Unit. the Audit Committee.
6. Coordinating internal audit activities with External Auditors.
7. Cooperating and coordinating with the Audit Committee.
Duties and Responsibilities of the Internal Audit Unit
Number of Employees and Certifications
1. Preparing the annual audit strategy and work plan as
well as development plans for auditors’ capabilities and The composition of AKR’s Internal Audit Unit is determined
skills to ensure continued competence, aligned with proportionally in accordance with the Company’s needs,
the Company’s development, based on input from the supported by human resources with technical expertise in the
President Director and the Board of Commissioners. field of auditing and other supporting capabilities to perform
2. Preparing and conducting audits of the effectiveness supervisory functions optimally. As of 31 December 2025, the
of internal control system and risk management in Internal Audit Unit consisted of 7 (seven) members, comprising
accordance with the Company’s policies. 1 (one) Head of the Internal Audit Unit, 3 (three) managers, 1
3. Preparing and conducting compliance audits to ensure (one) assistant manager, and 2 (two) supervisors.
that all Company activities comply with applicable
Company policies and regulations as well as prevailing laws Details of the number of employees and the certifications held
and regulations. by Internal Audit Unit personnel are presented as follows:
No. Name Education Experience Certification
1. Agung Bachelor of Economics majoring Senior Auditor at Public ISO 9001 Auditor
Cahyono in Accounting from Widya Accounting Firm Drs. Hanny,
Mandala Catholic University, Wolfrey & Rekan
Surabaya
2. Eko Romero Bachelor of Civil Engineering • Section Head, PT Nipress • Certified Forensic
from Bung Hatta University Energy Otomotif (member of Auditor (CFrA)
Johnson Controls Inc.) • Lie Detector Workshop
• Internal Audit, PT PGN Gagas, • ISO 9001 Auditor
a Subsidiary of PT PGN Tbk • Special Soft Skill for
(Persero) Investigator
• Quality Assurance and • Welding Inspector
Quality Control, PT Sucofindo • Non-Destructive Test Level 2
• Technical Staff, PT Benefita • Boiler and Pressure Vessel
Annual Report 2025
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228
No. Name Education Experience Certification
3. William Teguh Bachelor of Economics • pecialist, Financial Fraud • Brevet A and B (IAI)
Karya Putra majoring in Accounting (Audit Investigation – Profit • Fraud Risk Management
concentration) from Kwik Kian Protection and Fraud Risk – Workshop (AFCE)
Gie Institute of Business and Corporate Risk and Integrity,
Informatics (formerly Indonesian PT Indah Kiat Pulp and
Institute of Business and Paper Tbk
Informatics) • Assistant Manager,
Operation Controller,
PT Sinarmas Distribusi
Nusantara
• Assistant Manager,
Special Investigation and
Forensic Audit, PT Sinar
Mas Agro Resources and
Technology Tbk
• Senior Internal Audit Staff,
PT Permata Andalan Abadi
(Sole Distributor of Semen
Tiga Roda)
• Operation Compliance
Executive Staff, PT Soho
Global Health Tbk
• Accounting Staff, CV
Permata Sejati (Jakarta)
• Asset Management Staff,
PT Bentara Sinergies
Multifinance
4. Rambo Bachelor of Engineering from • Claims And Demurrage • Internal auditor ISPS Code
Tornando Sepuluh Nopember Institute of Analyst Tanker, Waruna • Inspector Occupational
Silaban Technology (ITS) Shipping Group health and safety expert of
• Claim Adjuster, Charles Taylor boiler and pressure vessel
Adjusting PLC safety expert (AK3 PUBT)
• PT Surveyor Indonesia • Inspector OHS expert of
(Persero): chemicals (AK3 Kimia)
- Marine Surveyor • Inspector Import Technical
(2014 - 2019) Verification (VPTI)
- Inspector Import • Inspector electrical
Technical Verification generators &
(VPTI) (2016 -2019) excitation systems
- Inspector - OHS • Inspector diesel
Specialist for Chemicals powerplant level 2
(2017 -2018) • Inspector electrical
- Diesel & Hydro Power generators &
Plant Inspector excitation systems
(2016 -2019) • Inspector hydro power level 2
- Pressure Vessel & Boiler
Inspector (2018 – 2019)
5 Edi Setiawan Bachelor of Economics • Senior Supervisor Auditor, • Analysis Audit Report (PPM
majoring in Accounting from PT Modernland Realty Tbk Management)
Muhammadiyah University, • Supervisor Audit, PT • Fraud Management &
Jakarta Nusindo (Rajawali Nusantara Prevention (Pelindo)
Indonesia Grup)
• Audit Staff, PT Koperasi
Nusantara
6 Irvan Bachelor of Information • IT Governance, PT Berlian Certified ITIL 4 Foundation (IT
Dwiantono Systems from Universitas Sistem Informasi (part of Service Management Practice)
Kartomiharjo Brawijaya Mitsubishi Automotive Group
Indonesia)
• Internal Auditor PT Satria
Antara Prima Tbk (SAP
Express)
Annual Report 2025
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229
Implementation of the Duties of the Internal Audit Unit in All Internal Audit activities were conducted in accordance
2025 with applicable professional standards, with an emphasis
on the effectiveness of risk management, the adequacy of
Audit activities were carried out based on the annual audit internal controls, and the prevention of potential fraud. Each
plan approved by the Company’s President Director. The audit audit result was summarized in the form of recommendations
scope covered both routine and special audits conducted submitted to management and the Audit Committee for
across all branches and subsidiaries of the Company follow-up, accompanied by ongoing monitoring of their
operating in various regions of Indonesia. Through these audit implementation.
activities, the Company sought to ensure compliance with
internal policies, the effectiveness of internal controls, and the In addition, audit reports were submitted to the Board
continuous enhancement of GCG quality.’ of Commissioners, the Board of Directors, and the Audit
Corporate Governance
Committee, as follows:
The Internal Audit Unit played a role in evaluating business 1. Audit Results Reports
processes by assessing various risks and identifying and 2. Summary Reports on the Follow-Up of Audit Results
tracing the root causes of issues that arose to ensure that all 3. Audit Activity Realization Reports
Company activities complied with internal policies, applicable
laws, and prevailing regulations. The scope of evaluation
included the safeguarding and optimization of assets, Audit Realization in 2025
assessment of the effectiveness and efficiency of resource
utilization, as well as the detection of potential losses and Throughout 2025, the Internal Audit Unit issued a total of 417
inefficiencies in the value creation process. Through this role, audit recommendations, of which 45 recommendations were
the Internal Audit Unit helped ensure that the Company’s in the follow-up process and had not yet reached their due
operations were carried out consistently in accordance with dates as of 31 December 2025. All recommendations that had
established standards and procedures. reached their due dates had been followed up promptly in
accordance with the applicable provisions.
A summary of the follow-up implementation of the Internal
Audit Unit’s audit results is presented in the following table:
Year Recommendations Closed In Progress Completion Percentage
2023 342 318 24 93%
2024 580 507 73 87%
2025 417 372 45 89%
Audit activities were carried out by a team of 6 (six) auditors also coordination meetings with the Board of Directors and
under the coordination of the Head of the Internal Audit Unit, the Board of Commissioners/Audit Committee a total of 8
with the scope of examination covering operational activities, (eight) times.
trading and distribution, logistics, manufacturing, and finance
functions. As of 31 December 2025, the Internal Audit Unit had Details of the meeting agendas and recapitulation in 2025 are
as follows:
No. Date Meeting Topics
1 05 March 2025 Internal Audit Report for the Period October – December 2024
2 22 May 2025 Internal Audit Report for the Period January – March 2025
3 03 June 2025 Internal Audit & Risk Management Sharing Session
4 07 July 2025 Monitoring of Follow-Up Actions on Internal Audit Recommendations for the First Semester of 2025
5 14 August 2025 Internal Audit Report for the Period April – June 2025
6 24 October 2025 Internal Audit Report for the Period July – September 2025
7 28 October 2025 Internal Audit & Risk Management Sharing Session
Monitoring of Follow-Up Actions on Internal Audit Recommendations for the Second Semester of
8 01 December 2025
2025
Findings and Follow-Up Throughout 2025, audit findings and recommendations
were discussed directly with the respective unit heads and
The Internal Audit Unit carried out operational audits and submitted to management. Thereafter, the Internal Audit Unit
special audits covering various key business processes, monitored the implementation of agreed corrective actions
including sales, warehouse management, accounting, with the relevant units in order to strengthen the internal
terminal tank and warehouse operations, as well as the control system and mitigate potential risks.
operational activities of the truck and vessel fleet within its
scope of oversight.
Annual Report 2025
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In following up on audit findings and recommendations, the 2. Consistently monitoring audit recommendations and
main initiatives undertaken by the Internal Audit Unit in 2025 findings to ensure their implementation by the audited
were as follows: parties within the specified timeframe.
1. Conducting audits using a risk-based approach, focusing 3. Coordinating with relevant departments at the Head Office
on specific areas, processes, or products. for recommendations requiring action from the Head
Office.
Internal Control
System
The Company’s Internal Control System (ICS) is a supervisory By optimizing the use of resources to identify and assess
instrument designed to safeguard the effectiveness and inherent risks that may affect the achievement of its
efficiency of operations, while ensuring compliance with objectives, the Company is able to manage risks in a more
applicable regulations. The ICS is implemented across all focused manner, while ensuring that potential obstacles in the
business lines through layered control mechanisms, from implementation of strategies and operational activities can
initial processes through preparation and reporting. be anticipated and effectively controlled. The ICS is overseen
by the Board of Commissioners and managed by the Board
Internal controls provide the Company with assurance of Directors, with the active involvement of management and
regarding the reliability of financial reporting and the effective all employees to ensure that controls are applied consistently
functioning of checks and balances. Through a structured and on an ongoing basis.
control process, the Company endeavors to protect its
assets, ensure the accuracy of financial information, and
enhance management effectiveness and compliance with
applicable regulations. Internal controls also help to mitigate
potential risks, losses, and violations that could adversely
affect the Company.
Financial and Operational Control System
The Internal Control System, focused on financial and Operational controls are implemented through a series
operational controls, enables the availability of transparent of policies and procedures designed to support the
and reliable financial information for management, achievement of the Company’s goals and targets, while also
shareholders, and other stakeholders, thereby supporting ensuring the preparation of accurate financial statements
accurate and strategic decision-making. AKR implements in accordance with applicable regulations. In practice, AKR
financial controls that include: implements operational controls through the following
1. Safeguarding the Company’s Assets measures:
As a business entity, the Company ensures strict 1. The Company establishes policies and procedures that
safeguarding of the use of budgets and other assets, serve as guidelines for operational activities, systems,
covering planning, authorization, recording, disbursement, technology, financial reporting, and compliance.
the release of funds, reporting, and accountability. 2. The Company implements an integrated information
2. Testing the Reliability of Financial Statements system to support operational activities, financial
Accountability for business management is reflected in the reporting, management reporting, and external reporting.
financial statements. The Company ensures the existence 3. Through the Internal Audit Unit, the Company conducts
of systems and procedures that enhance the quality of testing of the effectiveness of the internal control system
the preparation and presentation of financial statements, and monitors corrective actions for any identified control
including the segregation of duties within finance weaknesses.
functions.
3. Promoting the Effective Use of Budgets
Through internal controls, the Company monitors and
promotes the effective use of budgets to prevent
deviations from established objectives.
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Internal Control System Framework
The Company has adopted an internationally recognized and execution to monitoring. In its implementation, the
internal control framework, namely the Internal Control Company’s Internal Control System comprises the following
– Integrated Framework issued by the Committee of the main components:
Sponsoring Organizations of the Treadway Commission 1. Control environment, which includes the integrity, ethical
(COSO). This framework views internal control as an values, and competence of individuals and entities,
integrated process carried out collectively by the Board management philosophy and operating style, as well as
of Commissioners, the Board of Directors, and all levels the manner in which management assigns authority and
Corporate Governance
of the organization. The implementation of the Internal responsibility and organizes and develops the business in
Control System is aligned with this approach, whereby accordance with management direction.
control strengthening is conducted on an ongoing basis 2. Risk assessment, which aims to identify, analyze, and
with the involvement of all Company personnel as part of a manage risks associated with the Company’s various
comprehensive control culture. business activities.
3. Control activities, which are continuously performed in
Through the implementation of the Internal Control System, establishing the policies and procedures determined by
the Company seeks to obtain a reasonable level of assurance management to help ensure that the Company’s business
in achieving the following 3 (three) main objectives: objectives are achieved.
1. Effectiveness and efficiency of operations; 4. Information and communication, which enable individuals
2. Reliability of financial reporting; and and entities to obtain and exchange the information
3. Compliance with applicable laws and regulations. necessary to carry out, manage, and control the
Company’s operations.
Internal control is embedded throughout the Company’s 5. Monitoring, which is intended to assess the quality
operational processes, implemented in an integrated of the Company’s performance, carried out through
manner across key management functions, from planning ongoing monitoring activities, separate evaluations, or a
combination of both.
Alignment with COSO Standards
The internal control framework, namely the Internal Control form the foundation for an effective and efficient Internal
– Integrated Framework developed by the Committee of Control System. The application of COSO principles at AKR is
the Sponsoring Organizations of the Treadway Commission described as follows:
(COSO), comprises 5 (five) interrelated components that
No COSO Principles Implementation at AKR
1. Control Environment The Company has internal controls that reflect, as a whole,
The component represents the set of standards, the attitudes, awareness, and actions of the Board of
processes, and structures that form the basis for the Directors regarding the importance of internal control
implementation of Internal Control throughout the within the Company. Elements of the control environment
organization. There are 5 (five) principles associated with are implemented through oversight at all levels, including
this component, namely: entity-level controls and activity-level controls, and are
a. The organization demonstrates a commitment to supported by the following principles:
integrity and ethical values. a. In the performance of their daily duties, all employees,
b. The Board of Directors demonstrates independence including the Board of Directors, are required to uphold
from management and exercises oversight over the the Company’s values. Employees are also required to
development and implementation of Internal Control. sign an integrity pact as a commitment to integrity and
c. The Board of Commissioners and Management ethical values.
establish the organizational structure, reporting lines, b. The Board of Commissioners consistently exercises
responsibilities, and authorities necessary to achieve oversight over the activities of the Board of Directors
objectives. and continually provides input on issues faced by the
d. The organization demonstrates a commitment to Company, particularly those related to internal control.
attracting, developing, and retaining competent c. The organizational structure, reporting lines,
individuals in order to achieve its objectives. responsibilities, and authorities required to achieve
e. The organization holds individuals accountable for the business strategy have been clearly defined.
Internal Control in the achievement of objectives. Nevertheless, the Company continuously makes
necessary adjustments to respond to changes so that
the organizational structure remains responsive and
efficient.
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No COSO Principles Implementation at AKR
d. As part of human resource development, all employees
undergo Performance Evaluations every 6 (six) months
to assess their performance during the period and
identify areas for improvement going forward. Relevant
training aligned with duties and responsibilities
is provided on an ongoing basis. In addition, the
recruitment of new employees is always based on
identifying the best candidates who are expected to
become high performers once they join the Company.
e. At the organizational level, the Internal Audit function is
responsible for compliance with internal controls. The
Internal Audit team audits all aspects of the Company’s
business and business processes, and the audit results
are reported to the President Director, the Board of
Directors, and the Audit Committee. The Internal Audit
team is also responsible for following up on audit
findings and required improvements.
2. Risk Assessment a. Risk management is carried out through a top-down
Risk assessment involves a dynamic and iterative process approach involving the Board of Directors in identifying
to identify and analyze risks in order to achieve objectives, and evaluating key risks on an overall basis to ensure
and forms the basis for how risks should be managed. There alignment with the Company’s vision, mission, and
are 4 (four) principles associated with this component, strategic objectives, as well as through a bottom-up
namely: approach at the operational level to obtain an up-to-
a. The organization specifies suitable objectives to enable date risk profile from the perspective of each Unit/
the identification and assessment of risks related to Division/Department.
those objectives. b. The ERM team coordinates with risk owners to reassess
b. The organization identifies risks related to the and consolidate identified key risks, monitor the
achievement of objectives across the entity and progress of risk mitigation plans, and report to the
analyzes risks as a basis for determining how the risks Board of Directors and the Audit Committee.
should be addressed. c. In the risk identification process, risks are assessed
c. The organization considers the potential for fraud in across 4 (four) categories, namely strategic,
assessing risks. operational, compliance, and financial. For identified
d. The organization identifies and assesses changes that risks, assessments are conducted on inherent risk levels
could significantly impact the internal control system. (risk impact x likelihood), the effectiveness of controls,
and residual risk levels.
d. After risks have been identified and their levels
determined, priority risks are established as key areas
of focus, and the necessary risk mitigation plans are
defined to reduce residual risk levels, with their progress
monitored on a regular basis.
3. Control Activities a. The Company has clear policies and procedures that
Control activities are actions established through serve as guidelines for all employees in achieving the
procedures and policies to provide assurance that defined strategic objectives. The Company implements
management has taken steps to mitigate risks in order risk management to identify and assess risks that may
to achieve objectives. There are 3 (three) principles hinder the achievement of its performance. The Board
associated with this component, namely: of Directors and relevant parties are responsible for
a. The organization selects and develops control activities preparing mitigation plans for identified risks. The ERM
that contribute to risk mitigation to acceptable levels in Team coordinates with Internal Audit to test internal
the achievement of objectives. controls over significant risks. The internal control
b. The organization selects and develops general control tools applied include, among others, compliance with
activities related to technology in the achievement of systems and procedures, authorization limits, and
objectives. adequate segregation of duties.
c. The organization deploys control activities through b. The Company has information technology systems
policies and procedures in their implementation. covering all business processes, thereby minimizing
manual processes. The IT architecture and framework
follow the control matrix principle.
c. The Company implements and continuously enhances
its SOPs and Policies in line with business developments
and internal and external changes. Through the
commitment of the Company’s leadership and the
management of each department, all policies are
disseminated and implemented across all levels of
business processes.
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No COSO Principles Implementation at AKR
4. Information and Communication a. The Company has implemented adequate accounting,
Information is required to carry out Internal Control information, and communication systems that are used
responsibilities in achieving objectives. Communication as tools for all employees in carrying out their respective
takes place both internally and externally by providing the duties and responsibilities. The accounting system
information necessary for the day-to-day operation of adopted by the Company applies financial recording
Internal Control. There are 3 (three) principles associated and reporting methods in accordance with applicable
with this component, namely: financial accounting standards.
a. The organization obtains and uses relevant, quality b. To support the collection of required data, the
information to support the functioning of other Company has adequate information technology to
Corporate Governance
components of Internal Control. produce, among others, business activity reports,
b. The organization internally communicates financial statements, and other reports required by the
information, including Internal Control objectives and Board of Directors and the Board of Commissioners in
responsibilities, to support the functioning of other performing their duties. The Company has controlled
components of Internal Control. risks related to the use of information technology,
c. The organization communicates with external parties including data backup and recovery, physical and
regarding matters that affect the functioning of other logical access, as well as application controls
components of Internal Control. covering the suitability and accuracy of processed
data, validation procedures, control procedures,
access controls, and safeguards against irregularities.
Accordingly, the Company ensures that the information
reported is accurate, timely, relevant, and available to
interested parties.
c. The Company has established effective communication
channels and encourages all employees to convey
their aspirations through various forums. The Board of
Directors identifies essential information required by
the Company, summarizes it, and communicates it in the
appropriate form and timing so that all employees can
carry out their duties and responsibilities. In addition,
the Board of Directors also communicates with external
parties in line with the principles of disclosure so
that external parties are informed of the Company’s
condition.
5. Monitoring Activity With the awareness that systems and procedures
Ongoing, separate, or a combination of both evaluations may change over time due to external and internal
are carried out to ensure that all components of Internal developments, changes in business processes, personnel,
Control are present and functioning. There are 2 (two) IT applications and new technologies, and other factors,
principles associated with this component, namely: the Board of Directors and business unit leaders conduct
a. The organization selects, develops, and performs continuous evaluations to ensure that the Company’s
ongoing and/or separate evaluations to ensure that internal controls remain relevant and function as intended.
all components of Internal Control are present and Monitoring activities on the adequacy of the Internal
functioning. Control System are carried out periodically by the Internal
b. The organization evaluates and communicates Internal Audit Team, and the results of such monitoring are reported
Control deficiencies to responsible parties so that to the President Director, the Board of Directors, and the
corrective actions can be taken. Audit Committee. The Internal Audit Team also coordinates
with relevant parties to follow up on corrective actions
taken in response to identified internal control weaknesses.
Evaluation of the Effectiveness of the Internal Control System
Evaluation results indicate that internal controls have been enabling employees at all levels to contribute by
operating effectively, as reflected in the following 2 (two) main participating in oversight and reporting any dishonest
processes: practices within their respective areas of responsibility.
1. Entity-level process To maintain its commitment to the implementation of
Improved internal oversight at the entity level has been Corporate Governance, the Company has consistently
realized. The Company’s Internal Audit Unit has further applied the principles of the Code of Conduct across all
enhanced the quality of oversight and audit reviews of levels of the workforce.
performance across all departments, branches, and
projects. The Company also follows up promptly on any
criticisms and suggestions directed at the Company,
Annual Report 2025
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2. Business-level process as well as the benefits generated. These evaluations are
The expansion of internal oversight at the business process carried out to assess the ability of the Internal Control System
level has had a positive impact on financial reporting, to identify and mitigate risks in a timely manner, while also
particularly in terms of risk identification, which is now ensuring compliance with internal policies and applicable laws
addressed more accurately and in an accountable manner. and regulations.
This is clearly reflected in internal controls over inventory
processes, financial reporting, sales, and receivables. In 2025, the results of the evaluation of the implementation
of the Internal Control System indicated that internal controls
The Company conducts regular assessments of the remained in line with applicable control principles. Overall, the
effectiveness of internal controls to ensure alignment implemented system has functioned well and effectively in
between system implementation and established objectives, supporting the Company’s smooth operations.
Statement of the Board of Directors and/or the Board of Commissioners on the
Adequacy of the Internal Control System
The active role of the Board of Commissioners and the that the internal control system remains consistent with
Board of Directors in supervision is essential to ensure that applicable control principles and is capable of ensuring that
internal controls operate properly and in accordance with the Company’s operations are conducted in accordance with
applicable regulations. The Board of Directors is responsible established regulations.
for monitoring the adequacy and effectiveness of internal
controls by ensuring that all employees perform internal In its implementation, the Board of Commissioners, with
control functions. Meanwhile, the Board of Commissioners the support of the Audit Committee, ensured the overall
ensures that the Board of Directors monitors the effectiveness effectiveness of internal controls, including the policies
through regular discussion meetings with the Board of established by the Board of Directors. The system was able to
Directors and Executive Officers. safeguard assets, ensure the reliability of financial reporting,
and ensure compliance with applicable laws and regulations.
Throughout 2025, the implementation of internal controls was On this basis, the Internal Control System is considered to have
assessed as having functioned adequately and effectively in played an important role in supporting the achievement of
supporting the Company’s oversight and risk management the Company’s objectives, controlling risks, and maintaining
functions. The results of evaluations conducted, both long-term business sustainability.
through internal assessments and external audits, indicate
Risk
Management
Risk management supports the smooth running of operations an important element in strengthening the implementation
and ensures the achievement of performance targets and the of governance principles, thereby ensuring sound business
execution of business plans. To minimize potential disruptions practices and the creation of sustainable added value for
that could affect operations, the Company operates a risk stakeholders.
management system as part of its comprehensive business
control framework. The Company continuously refines its risk management
procedures and methodologies to identify, analyze,
The Company manages risks by taking into account various evaluate, and mitigate various potential risks. These efforts
internal and external factors that may affect business are undertaken to support the effective and efficient
sustainability, which is carried out in a structured, systematic, achievement of the Company’s objectives and to provide
and comprehensive manner, with an emphasis on prudence. In assurance to stakeholders.
addition to serving as a mitigation tool, risk management is also
Corporate Risk Management Function
Risk management involves the active participation of all of the Board of Directors in assessing strategic risks on
Company personnel at every level of the organization. A a comprehensive basis, while a bottom-up approach is
top-down approach is applied through the involvement
Annual Report 2025
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implemented by involving Department Heads, Branches, and 3. Ensuring that all key or significant Company risks have been
Subsidiaries in identifying and evaluating specific risks within properly identified, measured, and mitigated.
their respective business units. 4. Submitting priority risks that require immediate
Management attention based on the existing risk profile,
The coordination and centralized implementation of risk taking into account the impact and likelihood of risks after
management are the responsibility of the Enterprise assessing the effectiveness of existing internal controls.
Risk Management (ERM) Department at Head Office, in 5. Ensuring and continuously monitoring the implementation
accordance with the applicable risk management framework, of established risk mitigation plans in accordance with
policies, and procedures. defined timelines.
6. Reviewing and providing input to Branch, Division,
Department, and Subsidiary Heads regarding risk
Corporate Governance
ERM Department mitigation plans, including when new issues arise during the
implementation of the established mitigation plans.
The ERM Department plays a central role in coordinating the 7. Conducting validation and verification (particularly for
management of business risks identified by all work units key risks) of existing risk controls and the progress of risk
within the Company. In performing its functions, the ERM mitigation or action plans through direct on-site visits to
Department has the following duties and responsibilities: Branches, Divisions, Departments, and Subsidiaries.
1. Developing and proposing risk management concepts and 8. Conducting continuous awareness programs to develop
frameworks, risk appetite, risk philosophy, risk tolerance, a culture of risk awareness, ownership, and accountability,
policies and procedures, and the risk management emphasizing that risk is the responsibility of all
structure to be implemented for approval by the President personnel at AKR.
Director, aligned with the Company’s vision and mission. 9. Preparing and submitting Consolidated Risk Management
2. Implementing and communicating risk management Reports to the President Director and relevant Directors on
policies and procedures on an ongoing and a periodic basis.
consistent basis.
Risks Faced by the Company and Risk Management Efforts
In addressing business dynamics in 2025, AKR identified various potential risks and formulated mitigation strategies, as follows:
No Type of Risk and Description Risk Management Measures
1. Country Risk The Company actively monitors macroeconomic developments,
Indonesia’s macroeconomic conditions, geopolitical dynamics, and relevant government policy changes to
political environment, and government identify potential impacts on operations and financial performance
regulations affect the Company and other at an early stage. The Company maintains active and constructive
companies operating in Indonesia. engagement with regulators, industry associations, and strategic
partners to obtain timely insights and anticipate policy changes that
The Company’s business is influenced by may affect its business.
macroeconomic conditions, political stability,
and government policies in Indonesia. In addition, the Company applies prudent principles in cost
Changes in global and domestic conditions, management and pricing, and adopts a disciplined approach to credit
including geopolitical and economic analysis with a focus on customer performance. Prudence is also
developments, may have direct or indirect applied in capital expenditure and investment decisions, supported by
impacts on the Company’s performance and regular reviews of business strategy to ensure adaptability to changing
business continuity. external conditions and to sustain long-term business continuity.
a. Economic and Geopolitical Risks
The crisis in the Middle East has affected
the global economy, leading to higher
commodity prices, particularly for oil and
basic chemicals, and disrupting supply
chains. These conditions pose significant
risks to the Company if not properly
mitigated.
In addition, factors such as inflation, Gross
Domestic Product (GDP) growth, taxation,
and broader political and economic
developments in Indonesia present risks
that require careful consideration.
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No Type of Risk and Description Risk Management Measures
b. Government Policy Risks
The Company is exposed to risks arising
from changes in government policies
that may either constrain or create
opportunities for its business activities in
Indonesia. Changes in policies related to
taxation, currency controls, interest rates,
import-export restrictions, fuel subsidy
schemes, labor regulations, licensing,
and investment policies may affect the
Company’s performance.
Most of the petroleum and basic chemical
products traded and distributed by the
Company are imported. Any regulatory
changes, import bans, quota restrictions,
duties, or tariffs that hinder import
activities or increase import costs may
impact the Company’s performance.
The award of fuel distribution contracts
in future periods depends not only on
government tender processes and
deregulation policies, but also on the
Company’s ability to meet the required
criteria.
2. Industry Risk To mitigate these risks, the Company continues to strengthen its
Supply and demand dynamics in the logistics infrastructure for the distribution of energy and industrial raw
industries where the Company operates also materials, maintain strong supplier relationships, and enhance service
affect its performance. quality.
The trading and distribution segment is The Company also diversifies its business and customer portfolio,
driven by demand for basic chemicals and improves operational efficiency through the use of technology, and
petroleum products, which is closely linked actively monitors industry trends to support long-term sustainability
to economic conditions in Indonesia at both and competitiveness.
national and regional levels. The logistics
services segment is similarly exposed In addition, the Company progressively develops and strengthens its
to demand-related risks. The Company information technology systems and digitalizes operational processes
provides logistics services and distribution to improve efficiency, accuracy, and service reliability, while mitigating
infrastructure to third parties in Indonesia. technology disruption risks.
Any slowdown in the Indonesian or global
economy may affect international trade,
potentially reducing shipping activity and
demand for logistics services.
In addition to supply and demand risks,
the Company faces industry-related risks
arising from changes in the structure of the
energy and chemicals markets, including the
transition toward cleaner energy, shifts in
customer preferences, and dependence on
specific industries and customers.
Global supply chain disruptions, along
with technological advancements and
digitalization in logistics and distribution, may
also affect the Company’s competitiveness.
Technology-related risks include potential
delays in adopting information systems,
operational automation, and digital supply
chain solutions, which may impact efficiency,
service reliability, and the Company’s
competitive position relative to industry
peers.
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No Type of Risk and Description Risk Management Measures
3. Operational Risk Standard operating procedures are continuously updated and refined
Operational risk arises when the Company to minimize risks and ensure alignment with business needs and
fails to comply with standard operating technological developments. In addition, backup technology and
procedures, experiences deficiencies in operational systems are in place to maintain operational continuity
employee management, system disruptions, in the event of a failure in the primary system. A centralized IT system
or external factors or events such as weather supports monitoring of product storage and distribution activities.
changes, natural disasters, and supply chain Employees responsible for these systems receive regular training to
disruptions. These risks are associated with enhance their competence and readiness in managing systems and
the Company’s day-to-day operations. operational equipment.
Corporate Governance
To ensure effective and sustainable operational risk management, the
Company applies the Three Lines of Defence approach: a) business
units manage daily operational risks as preventive controls, b) the
Risk Management function acts as a detective control, and c) Quality
Assurance/Internal Audit functions as corrective control.
4. Safety, Health, and Environment Risk To mitigate hazardous risks, strict and comprehensive occupational
The Company may be exposed to Safety, safety regulations apply and training for employees to handle
Health, and Environment (SHE) risks given that unexpected situations is provided. SHE (Safety, Health, and
the Company operates in the basic chemicals Environment) procedures are continualy updated in accordance
and petroleum products, manufacturing, and with government regulations, industry standards, and certifications
logistics sectors. These risks include fires, applicable in specific regions.
product spills, improper waste handling,
malfunctioning equipment, system failures,
and other related incidents. SHE risks not
only affect the Company but may also impact
communities surrounding the Company’s
operational areas.
5. Financial Risk With respect to credit risk, strict monitoring in granting credit to
The main financial risks faced by the Company customers is in place. To manage the risks of commodity price
in relation to financial instruments include fluctuations and foreign exchange volatility, the Company adopts a
credit risk, market risk (including interest rate stable business model with price-based formulas and mitigates foreign
risk, foreign exchange risk, and commodity exchange risk through hedging.
price risk), and liquidity risk.
The Company’s financial risk management is described in detail in the
consolidated financial statements audited by Purwanto Susanti dan
Surja (a member of Ernst & Young).
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Risk Management Report for 2025
No Risk Key Initiatives
1. Compliance and Regulatory • AKR actively participates in meetings, forums, and discussions with government
Change Risk bodies and relevant industry associations to anticipate policy developments
affecting its business.
• Conducting continuous monitoring and analysis of legal and regulatory
developments that may impact the Company’s operations.
• Ensuring timely and well-coordinated dissemination of regulatory changes to
relevant internal stakeholders.
• Utilizing systems to monitor the renewal of the Company’s licenses and permits.
2. SHE Risk • Consistently implementing Safety, Health & Environment (SHE) Standard
Operating Procedures (SOPs) across all operational areas.
• Conducting regular training and awareness programs to reinforce the
importance of SHE implementation.
• Carrying out safety observations (SOR) and compliance audits against SOPs
and Working Instructions (WI).
• Updating policies and SOPs in line with regulatory developments and industry
standards.
• Performing periodic checks of safety equipment and facilities to ensure
operational readiness.
3. Risk of Changes in the Business • Actively participating in conferences and forums addressing developments in
Environment, Market Conditions, the business environment.
and Business Development to • Expanding networks and strengthening relationships with industry players and
Support Growth strategic partners.
• Monitoring competitor activities and market developments relevant to AKR’s
business..
• Developing internal systems to accelerate analysis and decision-making
processes.
• Maintaining a dedicated business development function to support product
development and new business opportunities.
• Monitoring the sales pipeline on a regular basis to support business growth.
• Maintaining ongoing coordination and strong relationships with principal
companies.
• Monitoring industry trends, changes in the structure of energy and chemicals
markets, and the impact of energy transition on demand for the Company’s
products and services.
4. Operational Risk • Implementing and updating operational Standard Operating Procedures
(SOPs) in line with business needs and technological developments.
• Conducting regular training for operational employees to enhance
competencies and preparedness for operational disruptions.
• Utilizing centralized information systems to support the monitoring of storage,
distribution, and logistics activities.
• Maintaining backup systems to ensure operational continuity.
• Applying the Three Lines of Defence approach in managing operational risks.
5. Financial Risk 1. Credit Risk
• Establishing credit limits for all customers based on internal assessment
criteria, including 5C credit analysis.
• Applying a cash before delivery policy for selected customers.
• Tightening and reviewing credit exposure in response to global economic
conditions affecting customers’ financial positions.
• Monitoring collection targets and realizations on a regular basis.
• Monitoring and updating developments in customers’ industries.
2. Liquidity Risk
• Conducting rigorous evaluation and monitoring of cash inflows and outflows.
• Monitoring liquidity ratios on a periodic basis.
3. Market Risk
• Closely monitoring market interest rate movements and expectations.
• Determining fuel prices based on a defined pricing formula.
• Managing foreign exchange exposure through hedging strategies.
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No Risk Key Initiatives
6. Technology, Cybersecurity, and • A Implementing information security policies across the Company.
Information Security Risks • Utilizing antivirus systems and anti-spam protection to safeguard IT systems.
• Restricting access to documents and systems, including controls over the use
of external media (e.g., USB drives and external hard disks), as well as managing
internet access based on business needs and user roles.
• Conducting regular IT security awareness campaigns.
• Enhancing and developing information technology systems to improve
operational efficiency and mitigate technology disruption risks.
Corporate Governance
7. Human Capital Development Risk • Conducting campaigns and internal communications to strengthen
understanding and implementation of the Company’s core values.
• Conducting periodic performance evaluations through the People
Development function.
• mplementing continuous employee training and development programs.
• Developing succession plans and talent development roadmaps, particularly
for critical functions.
Evaluation of the Effectiveness of the Risk Management System
The Company continues to strengthen its integrated risk more optimally, both in terms of impact and likelihood. The
management and internal control framework, enabling the success of this management is reflected in the increasingly
detection of potential risks at an early stage and the taking high-quality and timely risk mitigation outcomes. Clear and
of effective control measures to safeguard business stability comprehensive risk information also supports Management in
and performance. formulating strategic decisions for the Company’s operations
and its subsidiaries.
Effective Risk Management makes a tangible contribution to
the quality of the Company’s planning and decision-making.
A systematic approach allows the Company to manage risks
Role of the Board of Commissioners and the Board of Directors
The Board of Commissioners ensures the effectiveness of the 2. Ensuring the effective implementation of risk management
Company’s risk management implementation, including: by making it an integral part of the Company’s operational
1. Providing direction and recommendations to the Board activities.
of Directors in overseeing risk management practices and 3. Reviewing the Company’s risk profile and risk reports,
implementation within the Company. including ensuring and providing input on key risks that
2. Reviewing and ensuring that the Company and its must be prioritized for mitigation.
subsidiaries have appropriate risk management 4. Reviewing established mitigation controls to ensure that
frameworks and processes in line with existing implementation is adequate and timely.
business needs. 5. Ensuring the adequacy of human resources in managing
strategic risks, including the determination of risk tolerance
The Board of Directors ensures the effectiveness of the levels and risk treatment for each strategy.
Company’s risk management implementation, including:
1. Developing a risk management culture at all levels of
the organization through a tone from the top approach,
whereby the development of a risk culture begins with Top
Management.
Strengthening Governance, Risk, and The Company actively monitors regulatory developments,
Compliance in Response to the New including the implementation of the new national criminal
law regime through Law No. 1 of 2023 on the Criminal Code
Criminal Law Regime and Law No. 20 of 2025 on the Criminal Procedure Code.
In response to these changes, the Company is adjusting
its internal policies and procedures and strengthening its
compliance functions to ensure that all business activities
remain in line with applicable regulations.
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Efforts to Enhance Risk Awareness Culture
AKR continuously enhances the quality of its risk management 1. Conducting resocialization and refreshment sessions on
implementation to ensure the accuracy of risk identification risk management and its practices for risk owners at branch
and the effectiveness of risk management. The Company also offices.
reinforces its commitment to integrating risk management 2. Conducting socialization on risk management and its
practices across all levels of management as part of day-to- practices for new employees joining the Company.
day business processes. 3. Conducting surveys to assess employees’ understanding
of the risk awareness culture..
In line with these efforts, the Company carried out various
initiatives to foster a culture of risk awareness in 2025,
including:
Statement of the Board of Directors, the Board of Commissioners, and/or the Audit
Committee on the Adequacy of the Risk Management System
Risk management is the primary line of defense in safeguarding prevent potential data breaches. In addition, measures such
the Company’s operations. The Board of Directors evaluates as data encryption, Multi-Factor Authentication (MFA), data
the effectiveness of risk management implementation, masking, and tokenization are implemented to ensure that
covering the reliability of policies, procedures, mechanisms, access to strategic information is granted only to authorized
and supporting infrastructure. In its implementation, the parties.
Board of Commissioners together with the Audit Committee
performs oversight and evaluation of the Board of Directors’ In 2025, the Board of Directors identified internal and external
risk management practices. risks affecting the Company’s operations and established
mitigation procedures to manage those risks. Based on the
The Board of Directors places particular focus on digital results of the evaluation, the Company’s risk management
security risk management, including data protection and system has been implemented in an effective manner,
privacy. The reliability of information technology is a critical supported by appropriate procedures, mechanisms, and
factor in maintaining the continuity of AKR’s business, which infrastructure. To date, the Board of Directors has determined
is supported by connectivity networks across Indonesia. that there is no need to amend the existing risk management
Accordingly, the Company implements comprehensive policy. Accordingly, in 2025 the existing risk management
cybersecurity policies and procedures to protect the policy remained relevant and did not require any adjustment.
confidentiality, integrity, and availability of information and to
Legal
Matters
In 2025, there were no material civil or criminal legal cases Legal matters indirectly faced by subsidiaries in the form
involving the Company, its subsidiaries, the Board of of contractual obligations have been disclosed in the
Commissioners, or the Board of Directors. Consolidated Financial Statements for the year ended 31
December 2025 (audited) in Note 33. There were no legal
matters that materially affected the status, position, or
continuity of the Company’s business activities.
Administrative
Sanctions
As of the end of 2025, there were no administrative sanctions imposed by the capital market authorities or other authorities on
AKR, members of the Board of Commissioners, or the Board of Directors.
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Corporate Governance
Access to Company Information
and Data
For AKR, information disclosure is an integral part of the 1. Online
implementation of governance principles. The Company The Company’s website at www.akr.co.id, available in
ensures that all stakeholders, including shareholders, 2 (two) languages, Indonesian and English, contains
investors, business partners, and the general public, receive information on:
accurate and reliable information. The data and information a. Company Profile
provided relate to the Company’s performance, policies, and b. Vision and Mission
strategic decision-making. c. Business Model
d. Financial Information
The availability and transparent management of information e. Latest News
play an important role in strengthening public and stakeholder f. Company Presentations
trust. Accordingly, the Company continuously provides up- g. Corporate Governance
to-date and useful information in compliance with applicable h. Environmental, Social, and Governance Performance
regulations to meet stakeholders’ needs for information on i. Information Disclosure, and others
the Company’s activities and developments. 2. Social Media
a. Youtube
The Company facilitates communication with stakeholders b. Instagram
through the Corporate Secretary and the Investor Relations c. Facebook
Division to ensure that any legitimate requests for information d. Twitter
are handled in accordance with applicable regulations. e. Linkedin
Through these channels, the public can access financial 3. Correspondence/Email
statements, Company information, official publications, Company correspondence address:
product information, and the Company’s corporate actions. AKR Tower, 26th Floor
Jl. Panjang No. 5, Kebon Jeruk, West Jakarta 11530
AKR’s official website is the primary channel for public Email addressed to the Corporate Secretary: corporate.
information disclosure. The information is available in secretary@akr.co.id
Indonesian and English to reach all stakeholders. The 4. Information Disclosure
Company also provides communication channels via email Official letters through Electronic Reporting to the Financial
at ir@akr.co.id and telephone at +62 21 531 1110. In addition, Services Authority and the Indonesia Stock Exchange
the Company consistently submits material information and (www.idx.co.id)
facts through the electronic reporting system to the Financial
Services Authority and the Indonesia Stock Exchange. The
Company’s information access channels are as follows:
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Investor Relations and
Communication
Through an open and informative communication approach, 2. Annual public exposés;
the Company ensures that investors have adequate access 3. Regular updates to the Company’s website
to essential information, including financial performance, (www.akr.co.id);
business strategy, and the implementation of Company 4. Periodic dissemination of information in the form of news
governance. The Investor Relations Division performs its role releases to stakeholders; and
by maintaining effective relationships between Management 5. Information disclosure submitted to the Indonesia Stock
and external stakeholders through the use of various Exchange
communication channels and the organization of direct
engagement activities. By emphasizing information transparency, the Company
ensures that investors have access to accurate and up-
On a regular basis, the Company conducts activities to to-date information as a basis for decision-making. Public
provide external parties with information on the Company’s information is disseminated on a regular basis through email
operational and financial performance through: blasts and various social media channels. The Company is
1. Investor relations activities (analyst meetings and committed to maintaining the quality, completeness, and
roadshows to various investment institutions); equal access to information for all stakeholders.
Profile of the Head of Investor Relations
Ignatius Teguh
Joined since
28 September 2022
Prayoga
Age
Head of Investor
Relations 34 years old
Educational Background
• Master of Business Administration, IE Business School, Madrid and Singapore Management University (2018)
• Bachelor’s degree in Accounting, Universitas Gadjah Mada (2009)
Employment History
• Senior Equity Analyst, PT BRI Danareksa Sekuritas (2018–2022)
• Research Assistant, PT BRI Danareksa Sekuritas (2017–2018)
• Foreign Exchange Trading Officer, PT Danareksa Persero (2016–2017)
• Treasury Sales Officer, PT Danareksa Persero (2016)
• Intern Analyst, Department of Economic and Monetary Policy, Bank Indonesia (2014–2015)
Association Position
Vice Chairperson, Association of Indonesian Investor Relations (2025-present)
Implementation of Investor Relations Duties in 2025
The Investor Relations department implements various key 1. Participation in public presentations organized
programs to ensure transparent, consistent, and credible independently by the Company or facilitated by the stock
communication with stakeholders, particularly investors and exchange:
capital market analysts. The implementation of these activities • Preparation of presentation materials covering financial
throughout 2025 is as follows: performance, operational developments, business
strategies, and the company’s outlook.
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• Coordination with senior management as speakers. 4. One-on-one and group face-to-face meetings with
• Answering investor questions and ensuring all existing and prospective shareholders:
information provided aligns with the principles of • Existing shareholders to ensure they receive adequate
information transparency. information regarding AKR’s developments.
2. Attending conferences, non-deal roadshows, and • Prospective shareholders to explore new investment
meetings with brokers to expand AKR’s exposure: opportunities. These activities aim to build long-term
• Participating in investment conferences both relationships and enhance investor confidence in
domestically and internationally. performance and governance.
• Conducting non-deal roadshows to strengthen 5. Visits to operational facilities:
relationships with institutional investors and expand the • Demonstrate business processes and operational
base of new investors. capacity firsthand.
Corporate Governance
• Regular meetings with brokers and analysts to provide • Provide investors with the opportunity to engage with
up-to-date information on the company’s performance the operational team.
and strategy. • Enhance AKR’s credibility through transparency
3. Conducting quarterly performance briefings: regarding on-site conditions.
• Presenting published quarterly performance reports. 6. Participate in activities organized by the Indonesian
• Providing explanations regarding performance drivers, Investor Relations Association (AIIR):
challenges, and future prospects. • Participate in AIIR seminars, workshops, and training
• Maintaining consistency in the company’s narrative programs.
to ensure market perceptions align with corporate • Adopt the best practices recommended by the
strategy. association.
• Build networks with practitioners across various
industries
Investor Relations Participation and Activities in 2025
Date Activity Implementation
13-15 January 2025 Nomura ASEAN Conference, Kuala Lumpur Verdhana Sekuritas
10-14 February 2025 Mandiri Investment Forum, Jakarta Mandiri Securities
20 February 2025 JIIPE Site Visit Self Arranged
3-4 March 2025 UBS One ASEAN Conference, Singapore UBS Securities
10-12 March 2025 21st CLSA CITIC ASEAN Conference, Bangkok CLSA Securities
20 March 2025 FY2024 Analyst Call CLSA Securities
25 April 2025 1Q2025 Result Call Verdhana Securities
2-6 June 2025 UK and Europe Non-Dealing Roadshow CGS International Securities
28 July 2025 1H2025 Result Call
27 August 2025 CITI C-Suite Conference, Singapore Citi Securities
28 August 2025 Self Arranged Non-Dealing Roadshow, Singapore Self Arranged
29 August 2025 JIIPE Site Visit Self Arranged
3-4 September 2025 JP Morgan Indonesia Conference, Jakarta JP Morgan
8 September 2025 JIIPE Site Visit Self Arranged
9 September 2025 Public Expose 2025 Indonesia Stock Exchange
10-11 September 2025 32nd CLSA Citic Investors Forum, Hongkong CLSA Securities
13-14 October 2025 JP Morgan Malaysia+ Forum, Kuala Lumpur JP Morgan Securities
23 October 2025 9M2025 Result Call CLSA Securities
21 November 2025 JIIPE Site Visit Self Arranged
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Code of Ethics
and Conduct
To strengthen the sustainable implementation of governance, expected to consistently uphold the Company’s values and
the Company has implemented a Code of Ethics and apply ethical principles in every activity and decision-making
Conduct (The Code of Conduct) as the primary reference for process. All actions must reflect professionalism and integrity.
the behavior of all Company personnel. This document was
last updated on 31 December 2023 to align with regulatory The Code of Conduct is implemented and disseminated
developments and business dynamics, and to ensure comprehensively to all Company personnel and forms an
compliance with applicable laws and regulations. integral part of employment contracts. Every employee is
required to understand and agree to the ethical guidelines, as
The Code of Conduct serves as the main reference for evidenced by the signing of an Integrity Pact. The commitment
all Company personnel in work relationships, both with expressed through the Integrity Pact reflects the willingness
colleagues and external parties. All Company personnel are of AKR personnel to apply business ethics and work ethics
consistently and responsibly.
Key Principles of the Code of Conduct
Introduction 4. Relationships with Shareholders
1. Background 5. Relationships with Communities Surrounding
2. Objectives Operational Areas
3. Scope 6. Equal Employment Opportunities
4. Terms and Definitions
5. References
Guidelines on Conduct for Occupational Safety and
Fundamentals and Guidelines of Business Ethics Health and Environmental Management
1. Company Vision and Mission
2. Company Culture Guidelines on Conduct in the Workplace
3. Principles of Good Corporate Governance 1. Compliance with Laws and Regulations
4. Code of Ethics 2. Cooperation among AKR Personnel
Guidelines on Conduct among PT AKR Corporindo Tbk Guidelines on Conduct for the Protection of Company Assets
Group Personnel 1. Supervision and Use of Company Assets
1. Relationships among AKR Personnel 2. Confidentiality of Company Data and Information
2. Relationships with Subsidiaries and/or Joint Venture 3. Intellectual Property Rights
Companies 4. Responsible Use of Social Media
Guidelines on Conduct in Relations with Stakeholders Guidelines on Conduct on Conflicts of Interest, Anti-
1. Relationships with Goods and Services Providers, Business Bribery, and Gratuities
Partners, Creditors, and Customers 1. Conflicts of Interest
2. Relationships with the Government 2. Anti-Bribery and Gratuities
3. Fair Business Competition 3. Political Activities and Political Donations
Principles of the Code of Conduct
The principles of the Company’s Code of Conduct are as All Company personnel, without exception, are required to:
follows: 1. Comply with Company regulations and applicable laws
1. Compliance with Company Regulations and regulations, with due regard to safety, health, and the
2. All employees are required to uphold and comply with environment.
the Company’s regulations. Any violation of regulations 2. Make decisions in accordance with the Company’s vision
or disciplinary rules may result in sanctions ranging from and mission, Company culture, Code of Ethics, Code of
warnings to termination of employment. Conduct, Company regulations, governance principles,
3. Obligation to Avoid Conflicts of Interest the Company’s Articles of Association, and applicable laws
4. Decisions made by employees must prioritize the interests and regulations.
of the Company. 3. Act professionally and uphold integrity in all actions
5. Obligation to Maintain Company Confidentiality carried out in the name of AKR and/or the AKR Group,
6. All employees are prohibited from disclosing information including by not abusing knowledge, position, or authority,
that could be detrimental to the Company.
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not engaging in criminal acts whether individually or 6. Promptly report any violations that have occurred or
corporately, and not committing any form of fraud that may may occur related to the Code of Conduct, guidelines,
harm the AKR Group. Company regulations, applicable laws and regulations, and
4. Prevent and avoid any conflicts of interest, including any policies and procedures established by AKR to superiors or
potential conflicts of interest, with AKR and/or the AKR through the whistleblowing system.
Group and the Company’s stakeholders. 7. Be accountable for any violation of the Code of Conduct
5. Respect one another and foster good relationships, that lead to sanctions, including termination of employment
upholding human values among colleagues, subordinates, and resolution through legal channels in accordance with
superiors, shareholders, and stakeholders. applicable laws and regulations.
Corporate Governance
Implementation of the Code of Conduct Across All Levels of the Organization
The Code of Conduct is a behavioral guideline that must be The implementation of the Code of Conduct is reinforced
understood and complied with by all Company personnel, through regular socialization and training programs,
from the Board of Commissioners and the Board of Directors supported by compliance monitoring mechanisms in daily
to employees. It serves as the basis for carrying out duties operational activities. Any violations of the Code of Conduct
and making decisions in a manner that upholds integrity, are followed up in accordance with applicable provisions,
professionalism, and governance principles. To ensure as part of the Company’s efforts to maintain an ethical,
effective implementation, the Board of Directors and the transparent, and accountable work environment.
Audit Committee perform ongoing oversight.
Dissemination of the Code of Conduct
The Code of Conduct is communicated to all AKR personnel through various channels, including:
1. The Company’s website at www.akr.co.id
2. Annual Report
3. Newsletters
4. Pocketbook
5. New employee orientation materials; among others
Enforcement Measures and Sanctions for Violations of the Code of Conduct
Each employee affirms their commitment to the Code of The Company enforces disciplinary measures for any violations
Conduct through the signing of a compliance statement, of the Code of Conduct in a firm and tiered manner, taking into
which must be reflected in daily behavior and decision-making account the severity of the violation and its impact. Sanctions
in the workplace, and is supported by periodic socialization, are imposed in accordance with applicable provisions,
guidance, and reinforcement of the Code. ranging from written warnings to termination of employment
for serious violations. All violation-handling processes are
carried out in a fair, transparent, and accountable manner
to uphold the Company’s integrity and to foster a work
environment that upholds ethics and professionalism.
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Sanctions for Each Type of Violation as Regulated in the Code of Conduct
Any employee proven to have violated the Company’s Code of Conduct will be subject to sanctions in accordance with the
severity of the violation, including:
No Type of Violation Type of Sanction
1. Violation of obligations without causing losses Verbal warning
2. Repetition of a first offense up to a maximum of 2 (two) times Written warning
3. Violations related to attendance, cleanliness, and similar matters First Warning Letter (SP I)
4. Repetition of violations stated in SP I, within the threshold stipulated in SP I Second Warning Letter (SP II)
Repetition of violations stated in SP II, within the threshold stipulated in SP II
5. Third Warning Letter (SP III)
that result in losses
6. Violations that cause material losses to the Company Termination of Employment
Throughout 2025, no violations of the Code of Conduct demonstrates the effectiveness of the oversight system and
were recorded. This reflects a high level of compliance by all enforcement mechanisms of the Code of Conduct which are
Company personnel with the applicable ethical principles, and implemented consistently by the Company.
Performance-Based Long-Term
Compensation Policy for Management
and/or Employees
The Annual General Meeting of Shareholders held on 29 April The Company’s continuously improving performance
2024 approved the implementation of the Management and and profitability are the result of the commitment and
Employee Stock Option Plan (MESOP). The implementation of contributions of management and employees. On this basis,
AKR’s MESOP refers to Financial Services Authority Regulation the Company has established the MESOP as a mechanism
No. 29 of 2023 on Share Buybacks by Public Companies and for the transfer of treasury shares that also serves as an
Financial Services Authority Regulation No. 13 of 2023 on incentive and retention program for Company personnel. The
Policies to Maintain Capital Market Performance and Stability objectives of the MESOP program include:
under Significantly Fluctuating Market Conditions.
1. Enhancing the sense of ownership in the Company,
This program grants option rights to key management and which will improve the performance of each MESOP
key employees to acquire shares of the Company. The total participant and ultimately enhance the Company’s overall
number of shares allocated under the MESOP amounts to performance.
156,500,000 shares with a nominal value of Rp20 per share, 2. Achieving alignment between the interests of the Company
representing 0.78% of the Company’s issued and fully paid- and those of MESOP participants.
up capital. All shares used in this program are sourced from the 3. Providing rewards and incentives for the contributions of
Company’s treasury shares. MESOP participants to encourage improved performance
among management and employees.
4. Increasing the loyalty of MESOP participants and enhancing
the Company’s future performance and profitability.
5. Attracting and retaining high-performing management and
employees within the Company.
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Eligibility Requirements for Employees, the Board of Directors, and/or the Board of
Commissioners
The Company has established several requirements for and (iii) key officers and employees of the Company, as
Employees, members of the Board of Directors, and/or determined by the Committee from time to time, who have
the Board of Commissioners who may be designated as entered into an Option Grant Agreement or other relevant
Participants, as follows: agreement with the Company.
1. A “Participant” is a party who is entitled to participate in the 3. The Committee will determine from time to time the criteria
MESOP program based on the Committee’s determination. for parties eligible to become Participants.
Corporate Governance
For the avoidance of doubt, a Participant must be an
individual and may not be a spouse, child, sibling, or any
other affiliated party of such Participant.
2. The parties who are eligible and may become Participants
are: (i) the Company’s Directors; (ii) the Company’s
Commissioners (excluding Independent Commissioners);
MESOP Implementation Period Plan
All Participants will implement the MESOP in accordance with 4. Phase III.B: The Options may be exercised by Participants
the following Option Exercise Periods: from 1 May 2026 to 20 May 2026, provided that the portion
1. Phase I: The Options may be exercised by Participants from of MESOP shares exercised under Phase III.B will be subject
1 August 2024 to 31 August 2024. to a one-year lock-up period during which the Participants
2. Phase II: The Options may be exercised by Participants are prohibited from selling such MESOP shares (MESOP
from 1 August 2025 to 31 August 2025. Share Sale Restriction), in accordance with the provisions
3. Phase III.A: The Options may be exercised by Participants set out in the Program Document and the Option Grant
from 1 May 2026 to 20 May 2026. Agreement.
Anti-Corruption and
Anti-Bribery Policy
The Company consistently implements anti-corruption and 2. AKR personnel are prohibited from receiving or requesting
anti-bribery policies across all operational and business any form of commission and/or other benefits, whether
lines to prevent conflicts of interest as well as practices of directly or indirectly, in connection with their work.
Corruption, Collusion, and Nepotism (CCN), thereby ensuring 3. If AKR personnel receive any gratuities from business
that all decisions and actions prioritize the Company’s partners and/or parties related to the Company, they are
interests over personal, family, group, or other interests. required to promptly report such gratuities to the Board of
Directors.
AKR’s anti-corruption policy is formulated with reference 4. All AKR personnel are required to support all efforts to
to Law No. 20 of 2001, which amends Law No. 31 of 1999 on prevent corruption and money laundering.
the Eradication of Corruption. Provisions on anti-corruption
are also incorporated into the Code of Conduct and the
Whistleblowing System Guidelines. As part of its governance
implementation, the Company carries out various programs to
prevent corruption and gratuities through the application of
behavioral guidelines, including:
1. AKR personnel are prohibited from giving or promising gifts
or similar benefits to parties dealing with the Company,
where such gifts are known or reasonably suspected to
influence or induce such parties to perform or refrain from
performing any act in their position that is contrary to
their duties.
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Anti-Corruption Awareness and Socialization
The Company continuously internalizes its anti-corruption and accessible reporting channels. These socialization and
anti-bribery policies to all employees in order to strengthen training efforts ensure that all Company personnel understand
commitment to integrity, responsibility, and compliance. and apply the established governance principles.
These efforts are supported by enhancing employee
awareness to maintain a workplace free from fraudulent The Company actively monitors regulatory developments,
practices through the provision of a Whistleblowing System. including the introduction of the new national criminal law
regime under Law No. 1 of 2023 on the Criminal Code and Law
In implementing its anti-corruption and gratuity policy, the No. 20 of 2025 on the Criminal Procedure Code. In response,
Company strictly prohibits all forms of giving or receiving the Company aligns its internal policies and procedures and
gratuities related to business activities, except as expressly strengthens compliance functions to ensure all business
permitted under internal regulations. This policy is reinforced activities remain in line with prevailing regulations.
through regular training programs, stringent oversight, and
Whistleblowing
System
The Company has implemented a Whistleblowing System 3. Providing an early warning mechanism for potential
(WBS) as an official channel for reporting alleged violations problems arising from violations.
within the Company. This system covers the processes of 4. Providing an opportunity to address violations internally
receiving, evaluating, handling, and reporting all information before they escalate into public issues.
received, in order to support transparent and accountable 5. Reducing organizational risks arising from violations,
Company operations. The WBS policy is based on Board of including financial, operational, legal, occupational safety,
Directors’ Decree No. 090-A/L-AKR-CS/2021, which was and reputational risks.
enacted on 6 October 2021. 6. Reducing the costs associated with addressing the
consequences of violations.
The Company believes that fraud prevention requires the 7. Enhancing the Company’s reputation among shareholders,
active participation of all Company personnel. Accordingly, stakeholders, regulators, and the general public.
every report submitted through the WBS must be made in 8. Providing input to the organization to identify critical areas
good faith and must not constitute a personal complaint or and work processes with weaknesses in internal control
defamation. The Company guarantees that all reports will and to design necessary corrective actions.
be followed up in a professional and responsible manner
to maintain the integrity of the working environment. The The WBS is implemented to strengthen the system of checks
consistent implementation of the WBS provides added value and balances at all levels of the organization and to foster a
to the Company, including: shared awareness in preventing fraud, misconduct, and abuse
1. Providing a secure channel for the submission of important of authority. The consistent application of this system serves
and critical information to the appropriate parties for as a foundation for maintaining integrity, transparency, and
prompt handling. compliance with applicable regulations and standards of
2. Creating a deterrent to misconduct through increased business ethics.
willingness to report violations, supported by confidence in
an effective reporting system.
Submission of Violation Reports
The Company provides reporting mechanisms for employees interest, violations of laws, and discriminatory practices. Each
and external parties to submit allegations of violations that may report will be followed up professionally by the authorized
cause losses to the Company and its stakeholders. Reportable parties. The Company’s reporting channels are as follows:
violations include fraud (such as cheating, deception, asset 1. Website-based reporting system/online form at
misappropriation, disclosure of confidential information, https://wbs.akr.co.id
price manipulation, and the receipt of commissions, gifts, 2. Email: lapor.haryanto.adikoesoemo@akr.co.id
or services), violations of the Code of Conduct, conflicts of 3. WhatsApp application: +62 811 1321 911
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All reports submitted through these channels are received Whistleblowers are required to provide accountable
directly by the President Director. Through the available preliminary indications of the alleged violation or fraud, along
reporting channels, the Company seeks to optimize the with available supporting data, including:
effectiveness of the WBS. The policy on violation reporting • The act or conduct being reported (What)
was last updated and approved on 6 October 2021. • The parties involved (Who)
• The time of occurrence (When)
• The place or location (Where)
• How the incident occurred (How)
Corporate Governance
Parties Eligible to Report Violations
The Company provides a violation reporting mechanism for External parties include other stakeholders, such as suppliers,
all parties associated with the Company’s activities, both consultants, vendors, outsourcing service providers,
internal and external. Internal parties include the Board of customers, creditors, the public, and other related parties.
Commissioners, the Board of Directors, and employees.
Protection for Whistleblowers
Protection is provided to every whistleblower who acts in good 3. Adverse remarks in the personal file record.
faith, in accordance with applicable laws and best practices. 4. Protection against threats, intimidation, criminal or civil
This protection is intended to encourage responsible penalties, or any other form of retaliatory action by the
reporting and to ensure the safety of whistleblowers, reported party.
including: 5. Protection also applies to parties conducting
1. Assurance of confidentiality of the whistleblower’s identity investigations and those providing information related to
and the contents of the report, except where disclosure is the report.
required by law enforcement authorities. 6. Whistleblowers may report any pressure, threats, or
2. Protection against any detrimental treatment toward the other forms of retaliation to the President Director. If the
whistleblower, such as: matter cannot be resolved internally, whistleblowers are
a. Unfair dismissal; guaranteed the right to bring the issue to an independent
b. Demotion or reduction in rank; external institution.
c. Harassment or discrimination in any form;
Handling of Reports and Responsible Parties
Each report submitted through the WBS is received directly communication with whistleblowers is maintained by the
by the President Director and is carefully followed up by Whistleblower Protection Officer and is conducted only when
the WBS Management Unit. The report handling process is necessary to support further clarification and investigation
carried out in accordance with the Company’s guidelines and processes.
applicable laws and regulations in Indonesia. Confidential
Number of Reports and Follow-Up Actions
In 2025, AKR received a total of 1 (one) reports through the WBS. All reports were followed up and resolved in accordance with the
applicable provisions and procedures in effect within the Company.
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Efforts to Enhance the Quality of
Corporate Governance Implementation
The Company’s commitment and consistency in upholding 3. Transparency: the Company continuously upholds the
governance principles are reflected in the performance principle of openness and provides the information
achieved to date. Sustained investor confidence serves as required by investors.
an indicator of the effectiveness of the Company’s ongoing
governance practices. Going forward, the Company will continue to enhance
its corporate governance practices. In line with this, AKR
The Company ensures that the understanding and implemented several initiatives in 2025 to strengthen the
application of corporate governance commitments are quality of corporate governance, including:
integrated into all business and operational activities. To 1. Monitoring and overseeing the implementation of policies
support this, the Company has established 3 (three) main aimed at safeguarding corporate governance.
focus areas as the foundation for its corporate governance 2. Disseminating information as part of the socialization of
implementation, namely: new regulations and guidelines related to governance and
1. Compliance: the Company’s adherence to good corporate sustainability principles.
governance in all aspects, including the implementation of 3. Maintaining communication channels with external and
Company policies. internal parties to ensure transparency.
2. Confidence: fostering an optimistic and confident mindset 4. Participating in seminars and socialization programs
that the Company consistently delivers the best outcomes on new regulations and guidelines related to corporate
for all stakeholders. governance.
Insider
Trading Policy
To uphold the principles of fairness and maintain investor their position, profession, or business relationship with the
confidence, AKR implements a policy governing the Company, may obtain insider information; and (d) parties who,
prohibition and management of material non-public within the last 6 (six) months, no longer fall into the categories
information to prevent its misuse in the Company’s securities described in points (a), (b), or (c). The Blackout Period policy
transactions. This is in line with Financial Services Authority established on 14 July 2022 provides that:
Regulation No. 78/POJK.04/2017 on Securities Transactions 1. During a Blackout Period, Insiders who possess material
Not Prohibited for Insiders. This policy serves as the information are prohibited from conducting share
Company’s basis for ensuring that share transactions by transactions, including but not limited to:
Insiders and their Affiliates are conducted in accordance with • Giving orders or instructions to sell or buy AKRA shares;
governance principles and applicable regulations. • Influencing other parties to conduct share transactions
by providing material insider information for personal
The Company strictly prohibits insider trading for all Company benefit.
personnel, including the buying or selling of the Company’s 2. At the time a Blackout Period is announced, Insiders who
shares or other securities based on material non-public still have outstanding share transaction orders that have
information that may affect the share price or market value. not yet been executed are required to cancel such orders.
This policy is intended to prevent the misuse of non-public The Corporate Secretary office is required to ensure that
information and to safeguard integrity, transparency, and such cancellations are carried out.
fairness in the capital market.
The Company applies a general Blackout Period of 10 (ten)
Any party with access to material non-public information calendar days prior to the public announcement of the
is required to maintain its confidentiality and is prohibited Company’s Financial Statements through the Stock Exchange
from using such information for personal gain. To protect and ending on the date of such announcement. In addition, an
shareholders’ rights, the Company applies a Blackout Period incidental Blackout Period applies from the time Insiders gain
policy on AKRA share transactions, which restricts Insiders access to material information relating to a corporate action
from trading while they have access to undisclosed Material until such information is officially disclosed to the public.
Information.
Insiders of the Company include: (a) Commissioners,
Directors, or employees of the Company; (b) the Company’s
controlling shareholders; (c) individuals who, by virtue of
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Corporate Governance
Information Technology
Governance
The Company’s IT governance ensures alignment between Optimal use of IT across AKR’s business processes supports
technology utilization and business strategy, while cost leadership and reinforces business sustainability
strengthening operational performance and effective risk through more effective and efficient operations. Integrated
management. The framework covers end-to-end planning, systems and process automation reduce operating costs,
control, and oversight of technology infrastructure, data improve productivity, and accelerate data-driven decision-
protection, and regulatory compliance. making. IT optimization also drives innovation, enhances
service development, improves customer satisfaction,
and strengthens competitiveness in an increasingly
dynamic market.
Collaboration Simplification
Automation Assurance & Governance
The Company’s IT development is guided by four core pillars: 3. Simplification: Eliminates non-value-added and
1. Collaboration: Enhances cross-functional productivity, redundant tasks.
with mobility as a key enabler. 4. Assurance & Governance: Ensures availability, traceability,
2. Automation: Streamlines workflows and shortens security, and alignment with overall business objectives.
execution cycles.
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IT Management
IT governance and development are managed under the (KAP Purwanto Susanti dan Surja – member of Ernst & Young
Information Technology (IT) Department. The IT Division Global Limited) to ensure compliance and adherence to GCG
undergoes regular audits by Internal Audit and External Audit principles. The IT Division structure is as follows:
Information Technology
IT Business Partner IT Development
IT Business Partner IT Development IT Infrastructure & IT Security
& Management (Core Systems &
& Data Analytics (Device & Field) Operations Compliance
Office Satellite Apps.)
IT Investment and Socialization
As part of its digital transformation strategy, the Company deployment of reliable, integrated systems to support
consistently invests in IT development to improve operational business processes. These initiatives ensure technology
efficiency. Key focus areas include hardware and software remains relevant, secure, and aligned with evolving business
modernization, network infrastructure strengthening, and needs.
AKR Digital Transformation
CRM Application
Customer Budget
Customer Discount Simulation
Sales Order
Distribution Planning System
Ordering Process
Daily Forecasting
Monthly Forecasting
Daily Planning
Tariff Management
AKR Entreprise Resource Planning Fleet Management System
Queuing System
MOS (Mobile Ordering System) Registration Time
Weighbridge Time
Loading/Unloading Time
Covering Time
Shipment Process
Reporting
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In addition to strengthening infrastructure and systems, As the unit responsible for IT management and development,
the Company focuses on enhancing human capital AKR’s Information Technology Department actively delivers
competencies in the IT field. Through regular training and technical training and awareness programs for all employees.
workshops, employees responsible for IT have an adequate In 2025, the Company conducted data security training and
understanding of the systems and technologies used. awareness sessions through Microsoft Teams webinars, held
Development programs include increasing awareness of data regularly every two months starting April 2025.
security, protection of information privacy, and compliance
with IT policies and procedures, ensuring that technology Evaluation is supported by a quiz mechanism, requiring
implementation supports the achievement of the Company’s participants who do not meet the passing standard to attend
objectives in a secure, effective, and sustainable manner. subsequent sessions. To ensure program effectiveness, the
Company also conducts internal attack simulations to test
Corporate Governance
user readiness against potential real-world cyber threats.
Strategic IT Programs
Throughout 2025, the Company strengthened IT development on operational efficiency, system security, and adaptive
through strategic initiatives aligned with business needs technology capabilities.
and digital transformation priorities. These initiatives focus
Digitalization & Operational Efficiency
Strategic Program Description Business Value
Business Value: Higher asset utilization,
AI Distribution End-to-end AI-based optimization of distribution
reduced idle time, and logistics cost
Optimization planning and fleet management.
efficiency.
Business Value: Greater transparency,
Mobile KnowFlow with Digitalization of field operations integrated with
reduced manual processes, improved data
Fleet Card Management core systems.
accuracy.
Cybersecurity, Data Protection, and Governance
Strategic Program Description Business Value
Passwordless Business Value: Reduced data breach risk,
Modern digital identity security.
Authentication & MFA stronger stakeholder trust.
Modernized endpoint security with centralized Business Value: Stronger operational
Endpoint Protection
monitoring. resilience, faster incident response.
Cybersecurity Awareness Business Value: Reduced human error and
Ongoing employee awareness programs.
Program digital fraud risk.
Backup & Disaster Business Value: Business continuity and
Enhanced system and data recovery readiness.
Recovery Modernization operational risk mitigation.
Infrastructure & Digital Foundation
Strategic Program Description Business Value
Bandwidth Upgrade all Business Value: More stable systems,
Expanded national network capacity.
sites supports business expansion.
Business Value: Improved asset optimization
IT Asset Audit – Nationwide Standardization and inventory of IT assets.
and governance.
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IT Implementation Performance Achievements
Throughout 2025, the IT function focused on strengthening In line with these priorities, the Company delivered key
resilience, enhancing security, and improving operational achievements, including AI implementation in distribution
effectiveness through more structured governance, and operational planning; enhanced cybersecurity covering
continuous compliance audits, and stronger data protection identity management, endpoint protection, and awareness;
across systems. This approach ensures infrastructure and system standardization supported by improved data
readiness to support evolving business needs. analytics.
IT development priorities centered on building a secure and
reliable digital foundation, optimizing operational efficiency
through AI and automation, and strengthening governance,
data security, and regulatory compliance.
Data Privacy and Cybersecurity
As technology evolves rapidly, the Company recognizes IT governance at AKR is supported by a clear organizational
increasing challenges in data protection and cybersecurity. structure, ensuring effective, efficient, and secure digital
AKR continues to strengthen safeguards across operations operations. Each function plays a strategic role, covering
through comprehensive cybersecurity policies to manage data center and network management, application
risks related to confidentiality, integrity, and availability of development and maintenance, technical support services,
information. and cybersecurity oversight. IT services are also provided at
branch level to ensure comprehensive operational support.
To support this implementation, AKR has established policies,
governance structures, and operational standards and As of 31 December 2025, the Company recorded no
procedures for data privacy and cybersecurity, including: incidents of customer personal data breaches. The Company
• ITE-SCO-SCO-POL-001 - IT Security Policy continues to strengthen data security and confidentiality
• ITE-SCO-SCO-PRO-001 - Cyber Security Incident through consistent implementation of systems, policies, and
Response monitoring mechanisms to maintain stakeholder trust.
In response to rising cybercrime risks, the Company prioritizes
data protection. To safeguard personal and customer data,
AKR implements key security measures, including:
1. Data classification (Public/Internal/Confidential), with
planned labeling in Microsoft Office applications and
alignment of internal systems with this policy
2. Strengthened access controls through Multi-Factor
Authentication (MFA) and passwordless initiatives to
reduce credential theft risk
3. Email security monitoring (quarantine and spam filtering) to
manage email-based threats
Cybersecurity and Data Protection Challenges and Mitigation
Throughout 2025, the Company demonstrated a strong On security monitoring and perimeter defense, increased
commitment to data protection and cybersecurity through attack intensity was effectively managed through timely
strengthened policies, enhanced security systems, and mitigation by the internal team, reflecting strengthened
continuous capability building. Key challenges included system readiness and resilience.
human-related risks (phishing and social engineering), the
need for stronger security hardening, implementation of Key mitigation measures include:
biometric access, and standardization of data classification • Ongoing, structured security awareness training,
policies across the organization. Internal phishing tests supported by quizzes to ensure employee understanding
indicated the need to improve user awareness, followed by and improve cybersecurity awareness
plans for regular cybersecurity awareness training. • Implementation of passwordless technology and Multi-
Factor Authentication (MFA) to strengthen authentication
and significantly reduce credential compromise risks
• Strengthened governance and internal audits to ensure
effective access controls, reliable backup systems, and
consistent implementation of policies and standard
operating procedures (SOPs) across the organization
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Strengthening IT Governance
To strengthen IT governance, the Company implemented a of ERP systems with satellite applications through API
series of strategic initiatives. Key focus areas include: management, creating end-to-end connected business
1. Digital Twin processes without manual intervention. More reliable
The Company adopted digital twin technology by reporting and management information systems have also
building virtual replicas of physical environments and IT been developed to support the availability of accurate and
infrastructure enabling more integrated and accurate relevant data for decision-making.
monitoring and management of IT assets. Through system 4. Automated Reconciliation
Corporate Governance
landscape mapping, the Company gains better visibility To maintain data consistency and reliability, automated
into potential risks and issues, allowing mitigation measures reconciliation mechanisms across systems enable
to be implemented proactively. faster and more accurate identification and resolution
2. Centralized Access Management of data discrepancies, minimizing the risk of errors and
A centralized access management system enhances strengthening overall data integrity.
the effectiveness and security of access control to IT
resources, ensuring that access to critical data and Through integrated IT governance, AKR continuously
systems is granted only to authorized personnel, while enhances and adopts advanced technologies to strengthen
minimizing the risk of unauthorized access and potential system reliability. This approach safeguards data privacy,
data security breaches. enhances cybersecurity protection, and supports operational
3. Architecture Simplification and Standardization resilience against disruptions and potential disasters.
The Company has streamlined and standardized its
IT architecture to improve operational efficiency and
reduce system complexity. This includes the integration
Future IT Development Plan
Rapid digital advancement positions Artificial Intelligence 2. Medium Term: Develop a comprehensive digital workplace
(AI) as a key enabler of the Company’s competitiveness and focused on automation and AI-driven daily operations,
operational effectiveness. AI enhances decision accuracy, including AI agents for sales and inventory, application
strengthens security systems, and delivers higher-value revamp, and mobile-first adoption.
services to customers. Accordingly, the Company has 3. Long Term: Achieve full digital transformation through ONE
established an IT roadmap centered on AI as the foundation of Ops (One Operation), end-to-end system integration,
sustainable digital transformation. AI Ops, agentic AI, computer vision, and IIoT to minimize
human error.
The roadmap is built on four core pillars—Collaboration,
Automation, Simplification, and Assurance. AI adoption will
continue to expand to optimize business processes in a more
efficient and integrated manner. The roadmap is structured
into three phases: short term, medium term, and long term, as
outlined below:
1. Short Term: Build a strong digital foundation through IT
standardization, infrastructure upgrades, cybersecurity
strengthening, and business continuity and disaster
recovery planning.
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Procurement of
Goods and Services
In conducting its logistics and supply chain operations, the AKR consistently fulfils the rights of creditors while also
Company has established a supplier selection policy that encouraging the enhancement of suppliers’ capabilities and
serves as the main reference for all procurement activities for understanding through the dissemination of procurement
goods and services. This policy covers supplier registration, policies, particularly to prospective new suppliers.
supplier selection, purchasing contracts, and the issuance Occupational Health and Safety (OHS) standards are upheld
of purchase orders. All procurement activities are carried as a manifestation of the Company’s commitment to comply
out by taking into account quality, competitive pricing, and with applicable standards and regulations. In addition to
timeliness of delivery, through planning processes that the Goods-Procurement Procedure, the strengthening of
comply with applicable laws and regulations in Indonesia. governance values is also reflected in the Employee-Selection
Procedure, Recruitment Procedure, Reporting Procedure,
and Marketing Procedure.
Guidelines for the Implementation of
Corporate Governance Principles
The Company continuously strengthens the implementation In line with these regulations, there are five (5) aspects, eight
of governance principles as a reflection of its awareness of (8) principles, and twenty‑five (25) recommendations for
the importance of governance in supporting the achievement the implementation of governance aspects and principles
of the Company’s vision and mission. In implementing that serve as the Company’s governance standards.
governance, AKR refers to Financial Services Authority These standards are applied using a “comply or explain”
Regulation No. 21/POJK.04/2015 (POJK 21/2015) and approach, whereby the Company implements the applicable
Circular Letter of the Financial Services Authority No. 32/ recommendations or provides an explanation if certain
SEOJK.04/2015 (SEOJK 32/2015). recommendations cannot yet be fully implemented. The
implementation of the governance principles is presented in
the following table:
No. Principle Recommendation Implementation at AKR Remarks
I. Aspect 1: Relationship between the Public Company and Shareholders in Ensuring Shareholders’ Rights
Principle 1 The Public Company has At the Annual General Meeting of Complied
Enhancing the methods or technical procedures Shareholders held on 28 April 2025, the
Value of the for voting, whether conducted decision-making mechanisms for each
Organization of the openly or by secret ballot, that agenda item and the procedures for
General Meeting of uphold independence and the exercising shareholders’ rights to submit
Shareholders interests of shareholders. questions and/or opinions were set out
in the Rules of the Meeting, which were
uploaded on the Company’s website
and distributed to shareholders prior to
entering the meeting room, and the key
points of which were read out by the Master
of Ceremonies (MC) before the meeting
commenced. The Company appointed
independent parties, namely PT Raya
Saham Registra as the Share Administration
Bureau and Aryanti Artisari, S.H., M.Kn as
Notary, to conduct vote counting and/or
validation.
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No. Principle Recommendation Implementation at AKR Remarks
All members of the Board of In accordance with OJK Letter No. Complied
Directors and the Board of S-92/D.04/2020 dated 18 March 2020, the
Commissioners of the Public Annual GMS was conducted as efficiently
Company were present at the as possible in a hybrid format facilitated
Annual General Meeting of by the eASY KSEI application, without
Shareholders. compromising its validity and in compliance
with applicable laws and regulations:
• Members of the Board of
Corporate Governance
Commissioners who attended the GMS
were Sofyan A. Djalil (Commissioner)
and Mohamad Fauzi Maulana Ichsan
(Independent Commissioner). Soegiarto
Adikoesoemo (President Commissioner)
attended the GMS via video conference
through eASY KSEI.
• All members of the Board of Directors
attended the GMS, namely Haryanto
Adikoesoemo (President Director),
Jimmy Tandyo (Director), Suresh Vembu
(Director), Nery Polim (Director), Termurti
Tiban (Director), Bambang Soetiono
Soedijanto (Director), and Mery Sofi
(Director).
The summary of the GMS The summary of the GMS minutes is Complied
minutes is available on the Public available on the Company’s website.
Company’s website for at least 1
(one) year.
Principle 2 The Public Company has a The Company has a communication Complied
Enhancing communication policy with policy with shareholders or investors. The
the Quality of shareholders or investors. Company regularly updates information
Communication for shareholders and investors through the
between the Public Company’s website. Shareholders may
Company and directly obtain the required information
Shareholders or by contacting the Investor Relations and/
Investors or Corporate Secretary via the contact
numbers and email addresses provided on
the Company’s website.
The Public Company discloses The Company discloses its communication Complied
its communication policy with policy with shareholders and investors on
shareholders or investors on its the Company’s website. The Company
website. has also provided a Request Information
form to facilitate communication between
shareholders or investors and the Company.
https://www.akr.co.id/request
II. Aspect 2: Functions and Role of the Board of Commissioners
Principle 3 The determination of the number The determination of the number of Complied
Strengthening of members of the Board of members of the Company’s Board of
the Membership Commissioners takes into Commissioners has taken into account
and Composition account the condition of the the condition of the Company and is
of the Board of Public Company. in accordance with Financial Services
Commissioners Authority Regulation No. 33/POJK.04/2014
on the Board of Directors and the Board
of Commissioners of Issuers or Public
Companies.
The determination of the The composition of the Board of Complied
composition of the Board of Commissioners is determined by taking into
Commissioners takes into account the diversity of skills, knowledge,
account the diversity of skills, and experience of each member of the
knowledge, and experience Board of Commissioners, so that they are
required. able to perform the Company’s supervisory
function effectively. As of 31 December
2025, the Board of Commissioners
consisted of 3 (three) members.
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No. Principle Recommendation Implementation at AKR Remarks
Principle 4 The Board of Commissioners The Company’s Board of Commissioners Complied
Enhancing the has a self-assessment policy to has a self-assessment policy in place to
Quality of the evaluate its performance. evaluate the performance of the Board of
Performance Commissioners.
of Duties and
The self-assessment policy for The self-assessment policy for evaluating Complied
Responsibilities
evaluating the performance of the performance of the Board of
of the Board of
the Board of Commissioners Commissioners has been disclosed in the
Commissioners
is disclosed in the Public Company’s Annual Report.
Company’s Annual Report.
The Board of Commissioners has The Board of Commissioners has a policy Complied
a policy regarding the resignation regarding the resignation of members of
of members of the Board of the Board of Commissioners if they are
Commissioners if they are involved in financial crimes, in accordance
involved in financial crimes. with the Company’s Board of Directors
and Board of Commissioners Charter and
applicable laws and regulations.
The Board of Commissioners or The Nomination and Remuneration Complied
the committee performing the Committee has applied succession policy
Nomination and Remuneration principles in the nomination process for
function formulates a succession members of the Board of Directors and the
policy in the nomination process Board of Commissioners in accordance
for members of the Board of with the Nomination and Remuneration
Directors. Committee Charter.
III. Aspect 3: Functions and Role of the Board of Directors
Principle 5 The determination of the number The determination of the number of Complied
Strengthening the of members of the Board of members of the Company’s Board of
Membership and Directors takes into account Directors is made by taking into account
Composition of the the condition of the Public the condition of the Company and the
Board of Directors Company and the effectiveness effectiveness of decision-making, in
of decision-making. accordance with the Company’s Articles of
Association and the Board of Directors and
Board of Commissioners Charter.
The determination of the The determination of the composition Complied
composition of the Board of of the Board of Directors has taken into
Directors takes into account the account the diversity of skills, knowledge,
diversity of skills, knowledge, and and experience required to effectively
experience required. perform the Company’s management
functions and responsibilities.
Members of the Board of Ms. Termurti Tiban, a member of the Board Complied
Directors who are in charge of of Directors who oversees the accounting
accounting or finance possess and/or finance function, has experience,
expertise and/or knowledge in expertise, and/or knowledge in the field
the field of accounting. of accounting. She has gone through the
nomination process conducted by the
Nomination and Remuneration Committee
and was subsequently reappointed through
a resolution of the Annual General Meeting
of Shareholders held on 28 April 2025.
Principle 6 The Board of Directors has a self- The Company’s Board of Directors has a Complied
Enhancing the assessment policy to evaluate its self-assessment policy in place to evaluate
Quality of the performance. the performance of the Board of Directors.
Performance
The self-assessment policy for The self-assessment policy for evaluating Complied
of Duties and
evaluating the performance of the the performance of the Board of Directors
Responsibilities
Board of Directors is disclosed has been disclosed in the Company’s
of the Board of
in the Public Company’s Annual Annual Report.
Directors
Report.
The Board of Directors has a The Board of Directors has a policy Complied
policy regarding the resignation regarding the resignation of members of
of members of the Board of the Board of Directors if they are involved
Directors if they are involved in in financial crimes, in accordance with the
financial crimes. Company’s Board of Directors and Board
of Commissioners Charter and applicable
laws and regulations.
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No. Principle Recommendation Implementation at AKR Remarks
IV. Aspect 4: Stakeholder Participation
Principle 7 The Public Company has a policy The Company has implemented a policy to Complied
Enhancing to prevent insider trading. prevent insider trading, including, among
Corporate others, the establishment of a 10-day
Governance Blackout Period prior to the release of
through financial statements and the requirement
Stakeholder for management, as insiders, to report share
Participation transactions to the Corporate Secretary.
Corporate Governance
The Public Company has anti- The Company has established anti- Complied
corruption and anti-fraud corruption and anti-fraud policies as set out
policies. in the Company’s Code of Conduct.
The Public Company has a The Company has established a policy on
policy on the selection and the selection and development of suppliers
development of suppliers or or vendors.
vendors.
The Public Company has a policy The Company has established a policy on
on the fulfillment of creditors’ the fulfillment of creditors’ rights.
rights.
The Public Company has a The Company has established a
whistleblowing system policy. whistleblowing system policy. In 2021, the
Company enhanced its Whistleblowing
System by adding reporting channels that
were previously limited to a website-based
online form and are now also available
via email and WhatsApp. Through this
system, the Company seeks to optimize
the implementation of its Whistleblowing
System.
https://wbs.akr.co.id/
The Company has a long-term The Company has implemented a
incentive policy for members Management and Employee Stock Option
of the Board of Directors and Plan (MESOP) granted to the Board of
employees. Directors, the Board of Commissioners
(excluding Independent Commissioners),
and selected employees. The MESOP was
re-implemented in 2024 in 4 (four) phases,
offering a total of 156,500,000 shares
sourced from the Company’s treasury
shares.
V. Aspect 5: Information Disclosure
Principle 8 Information technology has Information disclosure has been carried Complied
Enhancing the been utilised by the Company out through the Indonesia Stock Exchange
Implementation on a broader basis, in addition website as well as the Company’s website.
of Information to the website, as a medium for
Disclosure information disclosure.
The Annual Report of the The 2025 Annual Report has disclosed the Complied
Company discloses the ultimate ultimate beneficial owners, the Company’s
beneficial owners holding at register of shareholders with ownership
least 5% (five percent) of the of more than 5%, as well as the 20 largest
Company’s shares, in addition shareholders of the Company.
to the disclosure of ultimate
beneficial ownership through
the Company’s principal and
controlling shareholders.
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260
Conformity with the Implementation of the Company’s Governance Guidelines
No Description Apply Implementation at AKR
1 Roles and Responsibilities of the Board of Directors and the Board of Commissioners
1.1 Roles and Responsibilities of the Board of Directors
Recommendation
In order to achieve sustainable value Complied In AKR’s Board of Directors and Board of Commissioners
creation, the Board of Directors Working Guidelines, the values that must be upheld by the
performs its leadership role and Board of Directors and the Board of Commissioners include:
endeavours to deliver the following • integrity;
governance outcomes: • commitment;
• being competitive and focused on • teamwork;
long-term performance; • honest and open communication;
• conducting business ethically and • trust and mutual respect;
responsibly; • value creation; and
• making a positive contribution to • continuous improvement.
society and the environment; and
• being capable of resilience and Each member of the Board of Directors and the Board of
growth (corporate resilience). Commissioners is required to optimise his or her capabilities to
achieve the Company’s vision and mission in enhancing value
for shareholders and other stakeholders on a sustainable basis,
while observing applicable laws and regulations.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.1.2 The Board of Directors ensures that the Complied In AKR’s Board of Directors and Board of Commissioners
Company’s mission, vision, objectives, Working Guidelines, one of the values that must be upheld is
targets, strategies, and annual and that each member of the Board of Directors and the Board of
medium-term plans are aligned Commissioners is required to optimise his or her capabilities to
with long-term objectives, through achieve the Company’s vision and mission in enhancing value
the effective use of innovation and for shareholders and other stakeholders on a sustainable basis.
technology.
AKR continues to evolve in line with the needs of its stakeholders
in order to achieve sustainable growth, including by optimising
its information technology systems to monitor product
movements and status and to plan efficient distribution. AKR
has demonstrated its ability to deliver consistent performance
across various crisis and economic cycles, which also reflects
the Company’s success in adapting and transforming to remain
relevant in a changing environment.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.1.3 The Board of Directors ensures Complied The Board of Directors ensures that a risk management culture
that appropriate and effective risk is embedded across all levels of the organisation through a
management and internal control tone from the top approach led by Top Management. The Board
systems are implemented in line of Directors ensures that the effective implementation of risk
with the Company’s vision, mission, management forms an integral part of the Company’s business
objectives, targets, and strategies, and activities by regularly reviewing the Company’s risk profile and
in compliance with applicable laws and risk reports, including identifying and providing direction on
regulations and standards. priority risks for mitigation, reviewing mitigating controls to
ensure their implementation, and ensuring the adequacy of
human resources in managing strategic risks.
1.1.4 The Board of Directors ensures the Complied
integrity of the Company’s accounting
and financial reporting systems, as well
as the timely and accurate disclosure
of all material information relating to the
Company.
1.1.5 The Board of Directors ensures that Complied The sustainability report has been prepared in accordance with
sustainability reporting has been POJK 51 and the GRI 2021 Standards.
properly prepared.
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1.1.6 The Board of Directors establishes Complied AKR’s technology systems are designed to safeguard the
a corporate information technology quality and quantity of products until they reach customers
(IT) governance framework that is and to prevent fraud in the distribution process. Technology
aligned with the Company’s business systems to support operational efficiency are also
needs and priorities, drives business implemented through online platforms such as Teams, Outlook,
opportunities and performance, and CRM, while maintaining robust cyber security.
strengthens risk management, and
supports the Company’s objectives
and strategies.
Corporate Governance
1.1.7 For Companies conducting business N.A
activities based on Sharia principles,
the Board of Directors ensures that
adequate authority and supporting
resources are available to enable the
Sharia Supervisory Board to perform its
role effectively.
1.1.8 The Board of Directors Charter is Complied The Board of Directors Charter, in the form of the Board of
reviewed periodically. The Charter Directors and Board of Commissioners Working Guidelines,
includes, among others, the allocation was signed in 2015 and is considered to remain relevant
of individual Directors’ roles, which may as a guideline for the Board of Directors and the Board of
be stipulated in the Charter or through Commissioners.
resolutions of the Board of Directors.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.1.9 The Board of Directors has a policy Complied The Board of Directors has a policy on the resignation of
on the resignation of members of members of the Board of Directors in the event of involvement
the Board of Directors in the event of in financial crimes and where fault has been proven.
involvement in financial crimes and
where fault has been proven. Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.2 Performance Evaluation – the Board of Directors and Its Members
Recommendation
1.2.1 The Board of Commissioners conducts Complied The Board of Commissioners of AKR evaluates the performance
an annual formal, objective, and of the Board of Directors based on indicators including
independent evaluation to determine compliance with the Board of Directors Working Guidelines, the
the effectiveness of the Board of performance of the duties and responsibilities of each member
Directors and each individual Director. of the Board of Directors, the implementation of resolutions of
the General Meeting of Shareholders (GMS), the achievement
of the Company’s performance from financial, operational, and
administrative aspects, as well as compliance with applicable
laws and regulations and Company policies.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.2.2 The Board of Commissioners, with Complied • The Board of Commissioners is responsible for supervising
due consideration of the Nomination management policies and the overall conduct of
and Remuneration Committee, is management, both in relation to the Company and its
responsible for determining the business, and for providing advice to the Board of Directors.
performance evaluation criteria and The Board of Commissioners is required to perform its duties
assessing the performance of the and responsibilities in good faith, with full responsibility and
President Director and the other due care.
members of the Board of Directors. • In order to support the effective performance of the
duties and responsibilities of the Board of Commissioners,
committees may be established, including the Nomination
and Remuneration Committee.
• One of the duties of this Committee is to review and
evaluate the performance of each member of the Board
of Directors and the Board of Commissioners in relation
to the Company’s work culture, the implementation of
good corporate governance, the overall conduct of
the Company’s operations, the achievement of actual
performance, and alignment with the Company’s vision and
mission.
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1.3 Roles and Responsibilities of the Board of Commissioners
Recommendation
1.3.1 The Board of Commissioners reviews Complied • Each member of the Board of Commissioners is required to
the Company’s corporate strategy devote his or her full capabilities to achieving the Company’s
at least annually and approves the vision and mission.
mission, vision, and corporate strategy • The Board of Commissioners is responsible for supervising
formulated by the Board of Directors. management policies and the overall conduct of
The Board of Commissioners also management, both in relation to the Company and its
reviews, provides input on, and business, and for providing advice to the Board of Directors.
approves the Company’s long-term The Board of Commissioners is required to perform its duties
business and financial plans and short- and responsibilities in good faith, with full responsibility and
term financial plans. The Board of due care.
Commissioners provides advice to
and monitors the Board of Directors in Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
relation to the implementation of such
plans. The Board of Directors and the
Board of Commissioners are involved
in decisions that are of significant
importance to the Company, as
stipulated in the Company’s Articles of
Association.
1.3.2 The types of decisions requiring Complied Such disclosures are set out in the Corporate Governance
the approval of the Board of chapter under the Board of Commissioners section.
Commissioners are disclosed in the
Annual Report.
1.3.3 With due consideration of the Complied As stipulated in the Nomination and Remuneration Committee
recommendations of the Nomination Charter, in the performance of its nomination duties, the
and Remuneration Committee, the Committee holds deliberations to determine proposals
Board of Commissioners proposes for new members of the Board of Directors and/or the
to, and for approval by, the General Board of Commissioners to be submitted to the Board of
Meeting of Shareholders (GMS), the Commissioners, which are subsequently used as discussion
appointment and/or dismissal of materials at the GMS.
members of the Board of Directors
and members of the Board of Ref: https://www.akr.co.id/gcg/charter-policies/nomination-remuneration-charter
Commissioners. In making such
proposals, the Board of Commissioners
takes into account diversity, non-
discrimination, and equal opportunity
without distinction of ethnicity, religion,
race, inter-group, or gender. The Board
of Commissioners ensures that the
nomination and election process for
members of the Board of Directors
and the Board of Commissioners is
conducted in a formal and transparent
manner.
1.3.4 The Board of Commissioners or the N.A
Committee performing the nomination
function formulates a succession
policy in the nomination process for
members of the Board of Directors.
Each year, the Board of Commissioners
reviews the implementation report of
the development and succession plan
submitted by the President Director.
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1.3.5 The Board of Commissioners Complied The duties of the committee related to remuneration include:
• proposes to the General Meeting • reviewing and evaluating the performance of each member
of Shareholders (GMS), which may of the Board of Directors and the Board of Commissioners
be preceded by recommendations in relation to the implementation of good corporate
from the Committee performing the governance, the overall conduct of the Company’s
remuneration function, the level of operations, the achievement of actual performance, the
remuneration for members of the alignment between the Company’s vision and mission, as
Board of Directors and the Board of well as the alignment between strategy and innovation and
Commissioners that is aligned with achievements in enhancing shareholder value;
Corporate Governance
sustainable corporate development • based on the above, conducting deliberations to determine
and the long-term interests of the the remuneration levels for members of the Board of
Company and its shareholders; and Directors and the Board of Commissioners to be submitted
• periodically reviews the to the Board of Commissioners and subsequently used as
remuneration system of the Board discussion materials at the GMS; and
of Directors and the Board of • performing other remuneration-related duties as assigned
Commissioners. by the Board of Commissioners.
Ref: https://www.akr.co.id/storage/files/
v2RoTJxNDwvSEdqScKNBGHvnG0ggqJYhVFUmbF57.pdf
1.3.6 The Board of Commissioners oversees Complied Members of the Board of Commissioners are required to
the effectiveness of the Company’s perform their duties in good faith, with full responsibility and
corporate governance policies and due care, while consistently complying with applicable laws
their implementation and proposes and regulations, including those relating to the implementation
changes where necessary. of Good Corporate Governance and the Company’s Articles of
Association.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.3.7 The Board of Commissioners Complied As part of its accountability, the Board of Commissioners
monitors and directs the Company to ensures that the Board of Directors has designed an
implement appropriate and effective appropriate risk management system to manage the
risk management and internal control Company’s principal risks and exercises oversight through the
systems that are aligned with the established committees to ensure the effectiveness of the
Company’s objectives, targets, and internal control system and the integration of risk management
strategies, and that comply with processes and systems. In this regard, AKR’s Internal Audit
applicable laws and regulations, the function periodically reports on the performance of its duties to
Code of Conduct, and prevailing the Board of Directors and the Audit Committee of the Board of
standards. Commissioners.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
1.3.8 The Board of Commissioners Complied As part of its accountability, the Board of Commissioners
oversees and directs the achievement ensures the establishment of an effective internal control
of integration of the Company’s system, integrated accounting and financial reporting systems,
accounting and financial reporting and transparent and accountable disclosures.
systems, as well as the independence
of the internal and external audit
functions.
1.3.9 The Board of Commissioners monitors, Complied As part of its accountability, the Board of Commissioners
reviews, and approves the Company’s reviews and examines, and provides responses to, periodic
Annual Report and Sustainability reports and the Annual Report prepared by the Board of
Report and ensures their integrity, and Directors, signs the Annual Report, provides explanations,
oversees the Company’s disclosure opinions, and recommendations to the General Meeting of
and communication processes. Shareholders (GMS) on the Annual Report when requested, and
subsequently accounts for it to shareholders through the GMS.
1.3.10 The Board of Commissioners Charter is Complied The Board of Commissioners Charter, in the form of the Board
reviewed periodically. of Directors and Board of Commissioners Working Guidelines,
was signed in 2015 and is considered to remain relevant
as a guideline for the Board of Directors and the Board of
Commissioners.
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1.3.11 The Board of Commissioners has a Complied The eligibility criteria for members of the Board of
policy on the resignation of members Commissioners of AKR include having good integrity and
of the Board of Commissioners in the reputation, meaning that the individual has never, either
event of involvement in financial crimes directly or indirectly, been involved in fraudulent acts, improper
where fault has been proven. practices, breaches of trust, or other actions that have
caused losses to the Company where he or she is or has been
employed.
All management, including the Company’s governing organs,
is required to sign an Integrity Pact, which stipulates that if the
signatory is proven to have breached the Integrity Pact, he or
she is willing to resign without receiving any compensation from
the Company and is willing to be subject to any form of sanction,
including but not limited to administrative sanctions and claims
for damages, whether civil and/or criminal, in accordance with
applicable laws and regulations.
1.3.12 Independent Commissioners are Complied Mr. Fauzi Ichsan, as an Independent Commissioner, consistently
expected to contribute to honest, attends committee meetings, Board of Commissioners
objective, active, and constructive meetings, and joint meetings. He actively provides objective
discussions in meetings of the Board of views and input, which are documented in the minutes of
Commissioners. internal meetings.
1.3.13 The President Commissioner acts Complied Mr. Soegiarto Adikoesoemo, as President Commissioner,
as the coordinator of the Board consistently provides opportunities for members of the Board
of Commissioners and ensures of Commissioners and the Board of Directors to express their
its effectiveness. The President views in meetings. He also actively provides objective opinions
Commissioner fosters a culture of and input, which are documented in the minutes of internal
openness and constructive dialogue meetings.
that enables diverse views to be
expressed, including coordinating
the establishment of appropriate
board meeting agendas and ensuring
that sufficient time is available to
discuss all agenda items. In addition,
opportunities are provided for the
Board of Commissioners to meet
with the Board of Directors and senior
management.
1.4 Establishment of Committees
Recommendation
1.4.1 The Company has committees Complied The Company has an Audit Committee, a Nomination and
under the Board of Commissioners, Remuneration Committee, and an Internal Audit function
consisting at a minimum of the Audit integrated with Risk Management, which operate under the
Committee, the Nomination and Board of Commissioners. The Company has also established
Remuneration Committee, and the Risk an ESG Committee to assist the Board of Directors and the
Management Oversight Committee. Board of Commissioners in formulating and implementing
sustainability strategies.
1.4.2 The Board of Commissioners Complied The Company’s Audit Committee is supported by the
ensures that all members of the Audit Internal Audit Department, which has the vision of being an
Committee are independent and independent, objective, and professional unit that provides
that other committees established added value in supporting Management in achieving the
by the Board of Commissioners are Company’s business objectives, vision, and mission. Members
composed of a majority of independent of the Audit Committee are required to be independent and to
members, and that all committee have an understanding of and knowledge of business.
members possess the competence,
commitment, and authority required In performing its duties, the Audit Committee provides
to perform their roles effectively and independent opinions to the Board of Commissioners
independently. on differences of opinion between Management and the
external auditor; provides recommendations to the Board of
Commissioners regarding the appointment of the external
auditor based on independence, scope of engagement, and
fees; and reviews the examinations conducted by Internal Audit
and oversees the follow-up on Internal Audit findings.
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The Company’s Audit Committee is equipped with strong
finance and accounting expertise, along with a comprehensive
understanding of AKR’s business, allowing it to deliver objective
assessments on financial and business aspects.
Ref: https://www.akr.co.id/ gcg/gcg-organs/audit-committee
1.4.3 To ensure that oversight of the Audit Complied AKR’s Audit Committee is chaired by Mr. Fauzi Ichsan, an
Committee’s performance is carried Independent Commissioner.
Corporate Governance
out objectively and independently,
the President Commissioner must not Ref: https://www.akr.co.id/audit-committee
serve as Chair of the Audit Committee,
except in exceptional circumstances
which must be explained in the Annual
Report.
1.5 Performance Evaluation – the Board of Commissioners and Its Members
Recommendation
1.5.1 The Board of Commissioners Complied The Board of Commissioners carries out an annual evaluation
conducts an annual formal and of the effectiveness of its members, with input from the
objective evaluation to determine committees under its supervision.
the effectiveness of the Board, its
committees, and each individual
Commissioner.
1.6.1 Members of the Board of Directors Complied Members of the Board of Directors of AKR do not hold
who hold concurrent positions concurrent positions outside the Company. If any external
outside the Company are required appointment is offered, the Director is required to seek
to obtain approval from the Board consideration from the Board of Commissioners through the
of Commissioners. A Commissioner Nomination and Remuneration Committee.
is required to inform the Board of
Commissioners and the chair of the
committee performing the nomination
function before accepting any
new appointment as a director or
commissioner of a public company,
another directorship, or any other
position involving a significant time
commitment.
1.6.2 The Board of Commissioners monitors Complied Where a member of the Board of Directors has a conflict
and manages potential conflicts of interest with the Company, the Company shall be
of interest involving Management, represented by:
members of the Board of Directors, • another member of the Board of Directors who does not
the Board of Commissioners, and have a conflict of interest with the Company;
shareholders, including misuse of • the Board of Commissioners, if all members of the Board of
corporate assets and abuse in related Directors have a conflict of interest with the Company; or
party transactions. A Commissioner • another party appointed by the General Meeting of
who has a conflict of interest does Shareholders (GMS), if all members of the Board of Directors
not participate in the monitoring or or the Board of Commissioners have a conflict of interest
decision-making on any potential with the Company.
conflict of interest involving such
Commissioner or his or her affiliates.
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1.7 Enhancement of the Competence of Members of the Board of Directors and the Board of Commissioners
Recommendation
1.7.1 The Board of Commissioners Complied The Corporate Secretary actively provides updates on the
ensures that members of the latest regulations and information on seminars that may be
Board of Directors and the Board attended by members of the Board of Directors and the Board
of Commissioners understand of Commissioners in order to refresh their knowledge and
their roles and responsibilities, the skills, particularly in relation to governance, ESG issues, and the
characteristics and operations of economy.
the Company, applicable laws and
regulations, relevant standards, and
other applicable obligations. The Board
of Directors, through the Corporate
Secretary, supports all members of
the Board of Directors and the Board
of Commissioners in updating and
refreshing the skills and knowledge
required to perform their roles on the
Board.
2 Composition and Remuneration of the Board of Directors and the Board of Commissioners
2.1 Composition of the Board of Directors
Recommendation
2.1.1 In determining candidates for N.A
appointment as Directors, the
Board of Commissioners, through
the Nomination and Remuneration
Committee, does not rely solely on
recommendations from the Board
of Commissioners, Management,
or the controlling shareholders. The
Board of Commissioners, through
the Nomination and Remuneration
Committee, may utilise independent
sources to identify qualified
candidates.
2.1.2 The Board of Commissioners ensures Complied The criteria for members of the Board of Directors and the
that the criteria for selecting members Board of Commissioners are set out in the Board of Directors
of the Board of Directors include, and Board of Commissioners Working Guidelines, which
at a minimum, the knowledge, have adopted POJK 33/2014 and focus on the competence,
competence, and expertise required capacity, and integrity of prospective candidates. AKR has also
to properly fulfil the roles of the Board issued statements and commitments regarding the protection
of Directors, and take into account the of Human Rights policies, which apply to all Management and
fulfilment of diversity within the Board the Company’s governing organs.
of Directors.
2.1.3 The Company’s policy on diversity Complied AKR has issued statements and commitments regarding
within the Board of Directors and the the protection of Human Rights policies, which apply to all
Board of Commissioners is disclosed in Management and the Company’s governing organs.
the Annual Report.
2.1.4 The Board of Commissioners ensures Complied In the selection and nomination of Commissioners, the process
that policies and procedures for is conducted internally as follows:
the selection and nomination • the Nomination and Remuneration Committee provides
of Commissioners are clear and recommendations to the Board of Commissioners regarding
transparent in order to achieve the the composition of Commissioner positions and proposes
desired Board composition. The Board the names of qualified candidates to be submitted to the
of Commissioners uses independent General Meeting of Shareholders (GMS);
sources to identify qualified • the Board of Commissioners submits the names of qualified
candidates. candidates for Commissioner positions to the GMS for
approval; and
• members of the Board of Commissioners are appointed
by the GMS for a term of office commencing from their
appointment until the close of the fifth subsequent Annual
GMS, without prejudice to the right of the GMS to dismiss
them at any time.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
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2.1.5 The Board of Commissioners or Complied The criteria for members of the Board of Directors and the
the Committee performing the Board of Commissioners are set out in the Board of Directors
nomination function establishes and Board of Commissioners Working Guidelines, which
nomination procedures and criteria have adopted POJK 33/2014 and focus on the competence,
that are consistent with the Board of capacity, and integrity of prospective candidates.
Commissioners’ skills matrix approved
by the Board of Commissioners and
ensures that candidate profiles meet
the requirements set out in the skills
Corporate Governance
matrix and the nomination criteria.
2.1.6 The composition of the Board of Complied The composition of the Board of Commissioners for the 2025
Commissioners is structured such financial year is as follows:
that, as a group, its members reflect • Soegiarto Adikoesoemo – President Commissioner:
diversity in terms of skills, expertise, Founder of AKR with extensive business experience in the
knowledge, experience, age, cultural chemical and logistics industries.
background, and gender required to • Sofyan A. Djalil – Commissioner: with more than 13 years of
properly fulfil the roles of the Board of experience in both the public and private sectors, having
Commissioners. served in various ministerial positions.
• Fauzi Ichsan – Independent Commissioner: with experience
in government and economic affairs.
Ref: https://www.akr.co.id/board-of-commissioners-directors
2.1.7 To enable the Board of Commissioners Complied One-third of the Board of Commissioners consists of an
to provide independent advice and Independent Commissioner, namely Mr. Fauzi Ichsan. As an
supervision to the Board of Directors, Independent Commissioner, Mr. Fauzi Ichsan consistently
and to address roles that involve attends committee meetings, Board of Commissioners
potential conflicts of interest, the meetings, and joint meetings, and actively provides objective
Board of Commissioners comprises views and input, which are documented in the minutes of
a sufficient number of Independent internal meetings.
Commissioners, with limited terms
of office, and with disclosure of Ref: https://www.akr.co.id/board-of-commissioners-directors
the tenure of members of the
Board of Commissioners and their
independence from a corporate
perspective.
2.1.8 To facilitate the effective functioning Complied In the selection and nomination of Commissioners, the process
of the Board of Directors and the is conducted internally as follows:
Board of Commissioners and to • the Nomination and Remuneration Committee provides
enhance the confidence of investors recommendations to the Board of Commissioners regarding
and stakeholders, the Nomination and the composition of Commissioner positions and proposes
Remuneration Committee ensures the names of qualified candidates to be submitted to the
that a formal, rigorous, and transparent General Meeting of Shareholders (GMS);
process is in place for the nomination • the Board of Commissioners submits the names of qualified
and appointment of members of the candidates for Commissioner positions to the GMS for
Board of Directors and the Board of approval; and
Commissioners. • members of the Board of Commissioners are appointed
by the GMS for a term of office commencing from their
appointment until the close of the fifth subsequent Annual
GMS, without prejudice to the right of the GMS to dismiss
them at any time.
Ref: https://www.akr.co.id/gcg/gcg-organs/nomination-and-remuneration-
committee
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2.2 Remuneration of the Board of Directors and the Board of Commissioners
Recommendation
2.2.1 The remuneration policy for members Complied The procedure for determining remuneration for the Board of
of the Board of Directors comprises Commissioners and the Board of Directors begins with the
a remuneration structure that is submission of proposed remuneration amounts by the Board of
oriented toward sustainable corporate Commissioners. Such proposals take into account the results
development and encourages the of reviews by the Nomination and Remuneration Committee,
achievement of long-term objectives. including performance achievement, and are then submitted to
Remuneration for the Board of the GMS to be approved and determined by the shareholders
Directors is proposed by the Board of at the GMS.
Commissioners, which may be through
the Nomination and Remuneration
Committee, and is submitted to the
General Meeting of Shareholders
(GMS) for approval. The amount of
remuneration proposed to the GMS is
determined by taking into account the
role of each member of the Board of
Directors, the economic environment,
and the Company’s performance.
2.2.2 The remuneration policy for members of Complied The procedure for determining remuneration for the Board of
the Board of Commissioners comprises Commissioners and the Board of Directors begins with the
a remuneration structure that is submission of proposed remuneration amounts by the Board of
oriented toward sustainable corporate Commissioners. Such proposals take into account the results
development and encourages the of reviews by the Nomination and Remuneration Committee,
achievement of long-term objectives. including performance achievement, and are then submitted to
The amount of remuneration proposed the GMS to be approved and determined by the shareholders
by the Board of Commissioners to at the GMS.
the General Meeting of Shareholders
(GMS) is determined by taking into
account the role of each member
of the Board of Commissioners, the
economic environment, and the
Company’s performance. In addition,
consideration is given to positions held
as President Commissioner and as chair
or member of Board committees.
2.2.3 To ensure that remuneration Complied The procedure for determining remuneration for the Board of
packages are determined based Commissioners and the Board of Directors begins with the
on the performance, qualifications, submission of proposed remuneration amounts by the Board of
and competencies of Directors and Commissioners. Such proposals take into account the results
Commissioners, taking into account of reviews by the Nomination and Remuneration Committee,
corporate operating performance, including performance achievement, and are then submitted to
individual performance, and market the General Meeting of Shareholders (GMS) to be approved and
conditions, the Nomination and determined by the shareholders at the GMS.
Remuneration Committee ensures that
fair and transparent procedures are in
place for establishing remuneration
policies for members of the Board
of Directors and the Board of
Commissioners.
3. Working Relationship between the Board of Directors and the Board of Commissioners
3.1 Nature of the Working Relationship
Recommendation
3.1.1 There are open discussions between Complied The Board of Directors and the Board of Commissioners
the Board of Directors and the regularly hold joint meetings with the Audit Committee prior to
Board of Commissioners, as well as the release of the financial statements.
among members of the Board of
Directors and between members of
the Board of Directors and the Board
of Commissioners. Nevertheless,
the confidentiality of information is
maintained to prevent the disclosure of
confidential information.
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3.1.2 In accordance with their respective Complied Each member of the Board of Directors and the Board of
duties and roles, the Board of Directors Commissioners is required to comply with the Company’s
works together with the Board of values, namely:
Commissioners in formulating the • integrity;
Company’s mission, vision, and • commitment;
corporate strategy, and regularly • teamwork;
discusses their implementation. • honest and open communication;
• trust and mutual respect;
• value creation; and
Corporate Governance
• continuous improvement.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
3.1.3 The Corporate Secretary plays Complied The Corporate Secretary plays a key role in providing
an important role in supporting information on developments in the business environment
the effectiveness of the working and applicable regulations and communicating them to
relationship between the Board the Company’s governing organs, and in overseeing the
of Directors and the Board of implementation of any resulting changes and communicating
Commissioners and in promoting the them back to external stakeholders. The Company, through the
implementation of good corporate Corporate Secretary Department, conducts a self-assessment
governance practices, including of its corporate governance practices based on the ASEAN
effective communication with Corporate Governance Scorecard and the Indonesian General
shareholders and other stakeholders. Guidelines on Corporate Governance (PUGKI) 2021.
3.2 Access to Information for the Board of Commissioners
Recommendation
3.2.1 The Board of Directors is responsible Complied The Board of Directors of AKR always provides the information
for ensuring that the Board of required by the Board of Commissioners in a timely manner.
Commissioners has access to accurate, Prior to joint meetings, the Corporate Secretary Department
relevant, and timely information. distributes meeting materials to the Board of Directors and the
The Board of Commissioners also Board of Commissioners.
ensures that it obtains adequate
information. The Board of Directors
provides information to the Board
of Commissioners regularly, without
delay, and comprehensively on all
matters relevant to the Company. The
Board of Commissioners may at any
time request the Board of Directors to
provide additional information.
3.3 Responsibilities of the Board of Directors and the Board of Commissioners for the Impact of Ownership Structure
on the Company
Recommendation
3.3.1 The impact of the ownership structure Complied Where a member of the Board of Directors has a conflict of
on the Company is taken into account interest with the Company, the Company shall be represented
by the Board of Directors and the by:
Board of Commissioners in the • another member of the Board of Directors who does not
context of shareholding structures have a conflict of interest with the Company;
and relationships among shareholders • the Board of Commissioners, if all members of the Board of
that may affect the management and Directors have a conflict of interest with the Company; or
operations of the Company. • another party appointed by the General Meeting of
Shareholders (GMS), if all members of the Board of Directors
or the Board of Commissioners have a conflict of interest
with the Company.
The composition of AKR’s Board of Directors and Board of
Commissioners consists of professionals with expertise in their
respective fields, enabling objective decision-making within
their areas of responsibility.
Ref: https://www.akr.co.id/gcg/charter-policies/guideline-for-bod-boc
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4. Ethical and Responsible Conduct
4.1.1 This statement is set out in:
Recommendation
4.1.1 This statement is set out in the Complied Each member of the Board of Directors is required to comply
Code of Ethics and Conduct, which with the Company’s values, namely:
clearly articulates the Company’s • integrity;
expectations that each member of • commitment;
the Board of Directors, the Board of • teamwork;
Commissioners, and employees will: • honest and open communication;
• act in the best interests of the • trust and mutual respect;
Company; • value creation; and
• act honestly and with the highest • continuous improvement.
standards of integrity;
• act independently and on the Each member of the Board of Directors is also required to
basis of complete information, in devote his or her full capabilities to achieving the Company’s
good faith, with due diligence and vision and mission. Members of the Board of Directors
due care; are required to perform their duties in good faith, with full
• comply with all laws and regulations responsibility and due care, while consistently complying with
applicable to the Company and its applicable laws and regulations, including those relating to
operations; the implementation of Good Corporate Governance and the
• avoid actions that violate laws and Company’s Articles of Association.
regulations or are unethical under
the Company’s ethical guidelines;
• not engage or participate in any
activity that creates a conflict of
interest with the Company’s best
interests or that could adversely
affect the Company’s reputation;
• not take advantage of Company
property or information, other
Company assets, or customer
assets for personal gain or in a
manner that causes loss to the
Company or its customers;
• not misuse his or her position or
opportunities arising from that
position for personal benefit;
• avoid requesting or accepting
payments, gratuities, or other
benefits from third parties for
himself or herself or for others
that create conflicts of interest or
improperly benefit third parties in
violation of applicable laws and
regulations;
• respect differences of opinion
and the rights of each member
of the Board of Directors, the
Board of Commissioners, and
employees; and
• ensure full, fair, accurate, timely,
and understandable disclosure in
reports and documents submitted
by the Company to regulators and in
other public communications.
Annual Report 2025
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271
No Description Apply Implementation at AKR
4.1.2 The Board of Directors establishes Complied All Management, including the Company’s governing organs,
policies and practices on anti-money is required to sign an Integrity Pact, which stipulates that if a
laundering and counter-terrorist signatory is proven to have breached the Integrity Pact, he or
financing, anti-bribery, anti-corruption, she is willing to resign without receiving any compensation
anti-fraud, and political engagement from the Company and to be subject to any form of sanction,
by referring to national or international including but not limited to administrative sanctions and claims
standards on anti-money laundering, for damages, whether civil and/or criminal, in accordance with
anti-bribery, anti-corruption, anti- applicable laws and regulations.
fraud, or other relevant standards.
Corporate Governance
4.2 Values and Organisational Culture
Recommendation
4.2.1 The Company articulates, fosters, and Complied The Company’s values, which are regularly communicated and
discloses its corporate culture and embedded as part of the working culture, are:
values. • entrepreneurial spirit;
• collaboration;
• respect for high performance;
• agility;
• empowering the team; and
• uncompromising integrity.
4.3 Communication and Enforcement of the Code of Ethics, Values, and Culture
Recommendation
4.3.1 The Company’s Code of Conduct and Complied The Corporate Code of Ethics is translated into various policies
Code of Ethics are communicated and regulations, including Company Regulations. The values
effectively to the Board of Directors, embodied in the code of ethics are continuously promoted
the Board of Commissioners, and to ensure they remain an integral part of the work culture.
all employees, integrated into the Periodically, every employee is required to sign an integrity
Company’s strategy and operations, pact as a form of compliance with the employee code of ethics.
including its risk management system Partners collaborating with AKR are also required to sign an
and remuneration structure, and are integrity pact as a form of compliance with the supplier code of
enforced. ethics.
Ref: https://www.akr.co.id/gcg/charter-policies/code-of-conduct-2
5. Risk Management, Internal Control, and Compliance
5.1 Internal Control and Compliance
Recommendation
5.1.1 The Board of Directors conducts Complied One of the roles of the Board of Directors in risk management
periodic reviews of the adequacy is to ensure the effectiveness of the implementation of risk
of the design and the operational management as an integral part of the Company’s operational
effectiveness of the Company’s activities. The Internal Audit function periodically provides
governance, risk management, internal reports on various aspects of business risks and their mitigation
control, and compliance systems to the Board of Directors, and the Board of Directors reviews
and reports the implementation and such reports and provides improvement inputs. Reports on
results of such reviews to shareholders the implementation of risk management and internal audit are
through the Company’s Annual Report. disclosed to shareholders through the Annual Report.
5.2 Risk Management
Recommendation
5.2.1 Strategy and risk are integrated, Complied The Board of Directors is responsible for ensuring that an
disclosed transparently, incorporated appropriate risk management system has been designed to
into the duties and responsibilities manage the Company’s principal risks.
of the Board of Directors and the
Board of Commissioners, and Through the established committees, the Board of Directors
discussed in meetings of the Board exercises oversight to ensure the effectiveness of the internal
of Commissioners and the Board of control system, integrated accounting and financial reporting
Directors. systems with transparent and accountable disclosures, and the
integration of risk management processes and systems.
Annual Report 2025
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272
No Description Apply Implementation at AKR
5.2.2 The Risk Management Oversight Complied The Company’s risk management is monitored by the Internal
Committee assists the Board of Audit function, which reports directly to the Board of Directors
Commissioners in the performance of and the Board of Commissioners through the Audit Committee.
its duties by establishing transparent, The Company considers internal control to be a series of actions
focused, and independent encompassing the entire business process. The components
mechanisms for the oversight of the of the internal control system within the Company include:
Company’s risk management. • control environment;
• risk assessment;
• control activities;
• information and communication; and
• monitoring.
5.3 Integration of Governance, Risk Management, and Compliance
Recommendation
5.3.1 The Board of Directors establishes Complied The Company’s risk management is independently monitored
an integrated governance, risk by the Internal Audit function, which reports directly to the
management, and compliance Board of Directors and the Board of Commissioners through
(GRC) system by addressing various the Audit Committee. The Company views internal control as a
uncertainties in a coordinated manner series of actions that encompass the entire business process.
and with a high level of integrity, to
ensure that the Company is able to
achieve its objectives.
5.3.2 The Board of Directors ensures that the Complied Several functions related to compliance within the Company
function responsible for compliance operate independently, and are not concurrently held by the
does not concurrently perform duties President Director or the President Commissioner, namely:
that could give rise to conflicts of • Corporate Secretary; and
interest. • Corporate Legal.
5.4.1 The Board of Commissioners, through Complied The Board of Directors and the Board of Commissioners
the Audit Committee, monitors and periodically review the effectiveness of the implementation of
ensures that the internal audit function the internal control system within the Company. Such reviews
assists the Company in achieving its cover the mechanisms, structure, and adequacy of the internal
objectives by applying an objective control infrastructure.
and disciplined approach to evaluate
and improve the effectiveness of risk
management, internal control, and
corporate governance.
6. Disclosure and Transparency
6.1 Appointment Policy
Recommendation
6.1.1 The Company has disclosure and Complied The Company, through its Investor Relations Division and
transparency policies and procedures Corporate Secretary, actively provides information to
that ensure the disclosure of material stakeholders and continuously facilitates stakeholder access
information while safeguarding to information.
sensitive and confidential corporate
information. The Company’s primary channel for information dissemination
is its website (www.akr.co.id), which is available in both
Indonesian and English. In addition to the website, the Company
provides communication channels via email at ir@akr.co.id and
by telephone at +62 21 531 1110, and regularly discloses material
information and facts through the Electronic Reporting system
to the Financial Services Authority (OJK) and the Indonesia
Stock Exchange (www.idx.co.id).
The prohibition on the disclosure of sensitive information that
may benefit external parties is regulated in the Company’s
Code of Ethics.
Annual Report 2025
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273
No Description Apply Implementation at AKR
6.1.2 The right of shareholders to receive Complied AKR is committed to upholding the principle of transparency,
regular and timely material and relevant including through information disclosure both internally and
information about the Company is externally. The management and disclosure of information
fulfilled. about the Company are essential in building the Company’s
image in the eyes of the public, particularly among stakeholders.
Accordingly, the Company endeavours to provide timely and
useful information in compliance with applicable requirements
to meet the public’s need for information on the Company’s
activities.
Corporate Governance
6.2.1 The Company discloses systems and Complied Management is responsible for the preparation and fair
procedures to ensure that interim presentation of the consolidated financial statements in
financial statements that are not accordance with Indonesian Financial Accounting Standards
audited or reviewed by an external and for the internal control considered necessary by
auditor are materially accurate, Management to enable the preparation of consolidated
complete, and provide investors with financial statements that are free from material misstatement,
appropriate information for making whether due to fraud or error.
informed investment decisions.
In preparing the consolidated financial statements,
Management is also responsible for assessing the ability of the
Group to continue as a going concern, disclosing, as applicable,
matters related to going concern, and using the going concern
basis of accounting, unless Management intends to liquidate
the Group or to cease operations, or has no realistic alternative
but to do so.
Ref: https://www.akr.co.id/quarterly-financial-report
6.2.2 The Audit Committee ensures the Complied The Company reports to the Indonesia Stock Exchange and
quality of the audit of the financial the Financial Services Authority (OJK) the Audit Committee’s
statements conducted by the external report on the work performed by the external auditor and its
auditor. This includes recommending recommendations.
the appointment, reappointment, and,
where necessary, the dismissal and
remuneration of the external auditor.
6.2.3 The sustainability report is prepared Complied AKR prepares its Sustainability Report based on POJK 51 and
and disclosed accurately and the GRI 2021 Standards as references.
in accordance with national or
international sustainability reporting
frameworks.
6.2.4 The Company has published a Complied AKR has published a Sustainability Report since 2013. Over the
Sustainability Report as an integral part last three reporting years (2023–2025), AKR has released its
of its Annual Report. The Company’s Sustainability Report concurrently with the Annual Report as
Sustainability Report presents its part of the materials for the General Meeting of Shareholders
sustainability performance covering (GMS). AKR presents three-year comparative data in its
economic, social, environmental, and Sustainability Report.
governance aspects, presented on
a three-year comparative basis, to
assist shareholders and stakeholders
in understanding the Company’s
strategic objectives and its progress in
creating sustainable value.
Annual Report 2025
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274
No Description Apply Implementation at AKR
6.3 Information Dissemination
Recommendation
6.3.1 Information dissemination channels Complied The Company’s primary channel for information dissemination
provide equal, timely, and cost- is its website (www.akr.co.id), which is available in both
effective access to relevant information Indonesian and English. In addition to the website, the Company
for users. provides communication channels via email at ir@akr.co.id and
by telephone at +62 21 531 1110, and regularly discloses material
information and facts through the Electronic Reporting system
to the Financial Services Authority (OJK) and the Indonesia Stock
Exchange (www.idx.co.id). AKR also actively disseminates
information through social media platforms, including YouTube,
Instagram, Facebook, Twitter, and LinkedIn.
6.3.2 The Company ensures that the annual AKR conducts periodic corporate governance assessments
statement on the implementation of through the ASEAN Corporate Governance Scorecard and
the Indonesian General Guidelines SEOJK 32. Disclosure based on the Indonesian General
on Corporate Governance, including Guidelines on Corporate Governance (PUGKI) was first
explanations of the implementation of presented in the 2023 Annual Report.
each Recommendation and Guideline,
is made available on the website for a
minimum period of five years.
6.3.3 For companies listed on the capital N.A
market in jurisdictions other than
their home, the applicable corporate
governance laws and regulations
must be clearly disclosed. In the
case of cross-listing, the criteria and
procedures for cross-listing, as well
as the criteria and procedures for
recognizing listing requirements for the
primary listing, must be transparent and
documented.
7. Protection of Shareholders’ Rights
Recommendation
7.1.1 The Company has a communication Complied AKR, through its Investor Relations Division, seeks to fulfil its
policy that facilitates and encourages primary function of maintaining two-way communication
shareholder and investor participation. between external stakeholders and Management. This is carried
out through various channels and direct engagement activities,
including:
• participation in public exposes;
• attendance at conferences, non-deal roadshows, and
meetings with brokers;
• hosting quarterly performance briefings;
• arranging face-to-face meetings with existing and
prospective shareholders; and
• visits to operational sites.
7.1.2 A company that acts as a parent entity Complied The corporate governance policies of PT AKR Corporindo Tbk.
ensures that its corporate governance apply to AKR as the parent company as well as to its subsidiaries.
policies apply to its subsidiaries
and controlled entities in which the
Company has significant investments.
7.1.3 The Company has rules and procedures Complied AKR complies with applicable regulations in relation to
governing acquisitions, takeovers, acquisitions, takeovers, and extraordinary transactions.
and extraordinary transactions
such as mergers and substantial
asset disposals to ensure that
such transactions are conducted
transparently and on fair terms and that
the rights of all shareholders according
to their class are protected.
Annual Report 2025
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275
No Description Apply Implementation at AKR
7.2.1 Fair Treatment of Shareholders
Recommendation
7.2.1 The Company has rules and procedures Complied The Company’s Code of Ethics includes provisions governing
that ensure: its relationship with shareholders, including the obligation
• all shareholders of the same series to provide fair treatment to shareholders and investors in
within a class of shares are treated accordance with the number and type of shares held, enabling
equally; and them to exercise their rights in accordance with the Company’s
• the disclosure of such rules Articles of Association and applicable laws and regulations.
Corporate Governance
and procedures, as well as the
disclosure of the capital structure Ref: https://www.akr.co.id/gcg/charter-policies/code-of-conduct-2
and arrangements that allow certain
shareholders to obtain influence or
control that is disproportionate to
their shareholdings.
7.2.2 The Company has rules and Complied Affiliate transactions are conducted upon approval at the
procedures to ensure that related party General Meeting of Shareholders (GMS) and are required to be
transactions are approved and carried reported within 2 (two) working days after being stipulated in a
out in a manner that ensures conflicts of notarial deed.
interest are properly managed and that
the interests of the Company and its
shareholders are protected.
7.2.3 The Company has and discloses a Complied AKR has a Blackout Period policy that prohibits share
policy to prevent insider trading. The transactions by Company insiders for 10 days prior to the
Company has clear rules governing release of the financial statements until such financial
any trading in the Company’s shares statements are published to the public.
by Directors, Commissioners, and
insiders to ensure that no person may
obtain direct or indirect benefits from
information that is not yet available to
the market.
7.3 General Meeting of Shareholders
Recommendation
7.3.1 The Company issues notices of the Complied AKR conducts its GMS in accordance with POJK 15/2020. For
General Meeting of Shareholders GMS notices, AKR uses a reference period of no later than 21
(GMS), including the agenda and days prior to the GMS.
complete meeting materials, as early
as possible (no later than 28 days prior
to the GMS) to provide shareholders
with sufficient time and information to
properly review the meeting agenda.
The meeting invitation and all GMS
information are disclosed through
electronic means, including the
Company’s website.
7.3.2 The Company has and discloses Complied The Rules of Meeting circulated prior to the GMS set out the
rules and procedures that facilitate voting procedures, including:
shareholders’ effective participation • voting is conducted for each agenda item to reach a
and voting at the General Meeting of decision;
Shareholders (GMS). • voting is carried out after the discussion of each agenda
item and the presentation of proposed resolutions, and
after the Chair of the Meeting invites shareholders or their
proxies to proceed with the voting process, which is guided
by a Notary and the Share Registrar as independent parties;
• electronic voting is conducted through the KSEI eASY
application in the E-Meeting Hall, Live Broadcasting sub-
menu; and
• during the electronic voting process, the Company applies a
voting time limit for each agenda item, with a maximum of 3
(three) minutes per agenda item.
Annual Report 2025
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276
No Description Apply Implementation at AKR
7.3.3 Shareholders participate effectively Complied The appointment of members of the Board of Directors and the
in determining the appointment of Board of Commissioners of AKR is subject to approval by the
members of the Board of Directors and General Meeting of Shareholders (GMS).
the Board of Commissioners.
7.3.4 The Company ensures the transparency Complied The External Auditor appointed at the GMS is selected based on
and accountability of the external the Audit Committee’s assessment, including evaluations of the
auditor at the General Meeting of auditor’s independence, transparency, and accountability.
Shareholders (GMS).
7.3.5 The results of the voting and a complete Complied The notarial results of the GMS are released one day after the
summary of the minutes of the General GMS, followed by the publication of the summary of the GMS
Meeting of Shareholders (GMS) minutes on the subsequent day.
are announced to the public on the
following business day.
8. Other Stakeholders
8.1 Stakeholder Engagement
Recommendation
8.3.1 The Board of Directors ensures Complied Through the ESG Committee and the ESG Task Force, AKR has
and discloses that the Company’s defined sustainability in a manner that reflects the Company’s
operations reflect the application identity “As a strategic holding company, PT AKR Corporindo
of high standards of ethics, social Tbk has set the objective to grow and develop in a sustainable
responsibility, and environmental manner. Our business portfolio, ranging from logistics and
responsibility throughout the Company, distribution to industrial estates and the development and
and ensures that appropriate policies management of special economic zones, is managed to reach
and procedures are implemented to millions of people and stakeholders.
respect and comply with the rights of
stakeholders.
AKR is required to deliver benefits to the economy, the
environment, people, and society in the conduct of its business.
The Company is committed to balancing ambition with
prudence, business success with environmental awareness,
and economic progress with social advancement. For AKR,
this is the meaning of sustainability – Progress with Purpose.”
This commitment is supported by four main pillars that serve
as the guidance and framework for AKR in implementing its
sustainability strategy across all lines of business:
• Our Business Portfolio
• Our People
• Our Communities
• Our Conduct Through the ESG Committee and ESG
Taskforce
8.3.2 The Board of Directors encourages Complied Human Capital is a critical element of sustainable growth.
employees to work in the long-term AKR’s businesses, which operate in essential and critical
interests of the Company and to industries, rely on the ability of employees to make decisions
prioritise sustainability. and implement strategies set by Company leadership. The
objective of human capital development is to build a competent
workforce whose values are aligned with the Company’s
corporate values. Management encourages employees to be
agile and adaptive in responding to change and motivates them
to collaborate effectively.
The Company provides training and sharing sessions to
ensure that employees understand how to be adaptive and
collaborative in their respective roles. The Company also
continuously upholds a zero-tolerance approach to minimise
risks, including by enhancing the required training and
promoting awareness of risk management in the workplace.
The Company continues to empower its people to meet
leadership needs internally and actively identifies high-
potential future leaders, both from within and outside the
organisation.
Annual Report 2025
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277
The Practice of
Bad Corporate Governance
In 2025, AKR did not undertake any actions or implement any policies that indicate practices inconsistent with good corporate
governance, as reflected in the table below.
Corporate Governance
No Description Practice
Insider trading activities involving members of the Board of Directors or the Board of
1. None
Commissioners, Management, and employees.
Non-compliance with the disclosure of tax obligations, including any guilty verdict from the
2. None
highest tax court in relation to any tax matters.
Non-compliance with the presentation of the Annual Report and Financial Statements with
3. None
applicable regulations and Financial Accounting Standards.
Cases of non-compliance with laws, rules, and regulations relating to significant or material
4. None
related party transactions.
5. Failure to disclose operating segments in the Financial Statements. None
Any legal violations relating to labor, employment, consumer, bankruptcy, commercial,
6. None
competition, or environmental matters.
Sanctions from regulators for failure to make required announcements within the prescribed
7. None
time for material events.
Evidence that the Company has not complied with any listing rules or regulations during the
8. None
past year, other than disclosure requirements.
Annual Report 2025
Page 280
07 Corporate Social Responsibility
Page 281
Page 282
280
Sustainability Commitment
for a Valuable Future
AKR is committed to advancing Indonesia through simultaneously creating long-term value for stakeholders
business activities aligned with the direction of national by prioritising sustainability principles and supporting the
development. This is realised through the strengthening of achievement of the Sustainable Development Goals (SDGs).
the Company’s operational performance, as well as through
the implementation of Corporate Social Responsibility (CSR) In implementing CSR activities, the Company focuses its
programmes designed as part of the Company’s long-term programmes on 3 (three) main pillars, namely education,
contribution to society and the environment. health, and community development. In addition, the
Company also implements various other CSR initiatives
CSR programmes are focused on improving human resource covering social and religious activities, as well as the
capacity, access to energy and basic infrastructure, development of public facilities and infrastructure to support
community economic development, and regional community welfare. AKR presents information regarding the
development in areas surrounding operational locations. implementation of CSR in the Sustainability Report, which is
The Company optimises operational performance while published separately from this Annual Report.
Implementation of the Sustainability
Concept and Sustainability Report
Preparation Procedures
The Company ensures that every business activity creates The Company implements a sustainability framework known as
positive impact for stakeholders. This commitment spans the AKR Sustainability House: PROGRESSING WITH PURPOSE,
all lines of business, from logistics and energy distribution which consists of 4 (four) main pillars, namely our business
to the development of the JIIPE area. Through its business portfolio, our people, our communities, and our conduct.
operations, AKR strives to realize its commitment to creating This sustainability framework is translated into AKR Horizon
value and multiplier effects, such as: 2030, which outlines the Company’s sustainability strategic
1. Regional and national economic improvement, with the priorities along with their annual targets and achievements.
industrial estate segment recording investments of Rp111.5 Through this framework, the Company consistently monitors
trillion cumulative until the end of 2025. This strengthens the implementation of sustainability programmes, including
East Java's position as one of Indonesia's economic hubs. initiatives that have been realised as well as those that remain
2. Employment absorption, especially from tenants in JIIPE, on track toward their targets.
which is estimated to reach 400,000.
3. The presence of anchor tenants that currently form a The preparation of AKR’s Sustainability Report refers
downstream ecosystem and high-tech industries, such to applicable regulations, including Financial Services
as copper-based products, glass, renewable energy, and Authority Regulation No. 51/POJK.03/2017 concerning the
chemical industries. Implementation of Sustainable Finance and Financial Services
4. An integrated industrial estate that will reduce logistics Authority Circular Letter No. 16/SEOJK.04/2021 regarding
costs and increase industrial competitiveness on the the form and content of annual reports for issuers or public
global stage. companies. In addition, the Company adopts the Global
Reporting Initiative (GRI) guidelines by referring to the SDGs
To safeguard sustainability policies and strategies are as stated in the RPJMN Roadmap 2020–2024 and Presidential
developed carefully, an ESG Committee is responsible for Regulation No. 59 of 2017 concerning the Achievement of the
providing oversight and strategic direction for sustainability Sustainable Development Goals (TPB/SDGs).
implementation. Additionally, an ESG Task Force focuses on
the execution, coordination, and operational management The Company’s Sustainability Report is published separately
of sustainability programmes across all of the Company’s from the Annual Report, while remaining an integral part of the
business lines. Company’s performance reporting.
Annual Report 2025
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281
Corporate Social Responsibility
Annual Report 2025
Page 284
Financial Statements
Page 285
Page 286
284
Laporan Tahunan 2025
Page 287
285
PT AKR Corporindo 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 year then ended with independent auditor’s report
Laporan Tahunan 2025
Page 288
286
PT JAKR Corporindo Tbk
SURAT PERNYATAAN DIREKSI TENTANG TANGGUNG JAWAB ATAS LAPORAN KEUANGAN
KONSOLIDASIAN TANGGAL 31 DESEMBER 2025 DAN UNTUK TAHUN YANG BERAKHIR PADA
TANGGAL TERSEBUT BESERTA LAPORAN AUDITOR INDEPENDEN PT AKR CORPORINDO TBK DAN
ENTITAS ANAKNYA
DIRECTOR'S STATEMENT LETTER RELATING TO THE RESPONSIBILITY ON THE CONSOLIDATED
FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 AND FOR THE YEAR THEN ENDED WITH .
INDEPENDENT AUDITOR'S REPORT OF PT AKR CORPORINDO TBK AND ITS SUBSIDIARIES /
Kami yang bertanda tangan dibawah ini / We, the undersigned:
1. Nama/ Name Haryanto Adikoesoemo
Alamat Kantor/ Office Address JI. Panjang No. 5, Kebon Jeruk, Jakarta Barat - 11530
Alamat Domisili sesuai KTP/ JI. Simprug Kav. H-7, RT.005 RW.008, Grogol Selatan, Kebayoran
Domicile as Stated in ID Card Lama, Jakarta Selatan
Nomor Telepon/ Phone Number 021-5311110
Jabatan/ Position Presiden Direktur/ President Director
2. Nama I Name Termurti Tiban
Alamat Kantor/ Office Address JI. Panjang No. 5, Kebon Jeruk, Jakarta Barat - 11530
Alamat Domisili sesuai KTP/ JI Gading lndah IV, Blok NF-1/51, RT.011 RW.012, Pegangsaan
Domicile as Stated in ID Card Dua, Kelapa Gading, Jakarta Utara
Nomor Telepon / Phone Number 021-5311110
Jabatan/ Position Direktur Keuangan / Director of Finance
Menyatakan bahwa: / state that:
1. Bertanggung jawab atas penyusunan dan penyajian laporan keuangan konsolidasi Perseroan dan entitas
anak, / We are responsible for the preparation and presentation of the consolidated financial statements /
of the Company and subsidiaries;
2. Laporan keuangan konsolidasi telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan
Indonesia,/ The consolidated financial statements have been prepared and presented in accordance with
the Indonesian Financial Accounting Standards;
3. a. Semua informasi dalam laporan keuangan konsolidasi telah dimuat secara lengkap dan benar, / All /
information contained in the consolidated financial statements is complete and correct;
b. Laporan keuangan konsolidasi tidak mengandung informasi atau fakta material yang tidak benar, dan
tidak menghilangkan informasi atau fakta material, / The consolidated financial statements do not
contain misleading material information or facts, and do not omit material information and facts;
4. Kami bertanggung jawab atas sistem pengendalian intern dalam Perseroan dan entitas anak. / We are
responsible for the Company and its subsidiaries's internal control system.
/
Demikian pernyataan ini dibuat dengan sebenarnya. I This statement letter is made truthfully.
Jakarta, 18 Maret 2026
w-�
Presiden Direktur/ President Director Direktur/ Director
"'·ME� q
,• ut -�
,- I TEMPEL
34AMX27874 7337
Haryanto Adikoesoemo �Termurti Tiban
AKR Tower, 26th floor, JI. Panjang No. 5, Kebon Jeruk, Jakarta 11530, Indonesia
Tel: +62-21 531 1110, Fax: +62-21 531 1128, 531 1308, 531 1388, Website: www.akr.co.id
1
Laporan Tahunan 2025
Page 289
The original consolidated financial statements included herein 287
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2025 AS OF DECEMBER 31, 2025 AND
DAN UNTUK TAHUN YANG BERAKHIR FOR THE YEAR THEN ENDED
PADA TANGGAL TERSEBUT WITH INDEPENDENT AUDITOR’S REPORT
BESERTA LAPORAN AUDITOR INDEPENDEN
Daftar Isi Table of Contents
Halaman/
Page
Surat Pernyataan Dewan Direksi Board of Directors’ Statement
Laporan Auditor Independen Independent Auditor’s Report
Laporan Posisi Keuangan Konsolidasian......................... 1-3 .............. Consolidated Statement of Financial Position
Laporan Laba Rugi dan Consolidated Statement of Profit or Loss
Penghasilan Komprehensif Lain Konsolidasian ......... 4-5 ......................... and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ..................... 6-7 ............. Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ..................................... 8-9 ....................... Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Konsolidasian .............. 10-140 ..........Notes to the Consolidated Financial Statements
*********************
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language.
Laporan Audit or Independen Independent Audit or’s Report
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 4/ 1/ III/ 2026
Pemegang Saham, Dewan Komisaris, dan Direksi The Shareholders and t he Boards of
PT AKR Cor porindo Tbk Commissioners and Direct ors
PT AKR Corporindo Tbk
Opini Opinion
Kami telah mengaudit laporan keuangan We have audited the accompanying consolidated
konsolidasian PT AKR Corporindo Tbk financial statements of PT AKR Corporindo Tbk
(“ Perusahaan” ) dan entitas anaknya (secara (the “ Company” ) and its subsidiaries (collectively
kolektif disebut sebagai “ Kelompok Usaha” ) referred to as the “ Group” ), which comprise the
terlampir, yang terdiri dari laporan posisi consolidated statement of financial position as of
keuangan konsolidasian tanggal 31 Desember December 31, 2025, and the consolidated
2025, serta laporan laba rugi dan penghasilan statement of profit or loss and other
komprehensif lain konsolidasian, laporan comprehensive income, consolidated statement of
perubahan ekuitas konsolidasian, dan laporan changes in equity, and consolidated statement of
arus kas konsolidasian untuk tahun yang berakhir cash flows for the year then ended, and notes to
pada tanggal tersebut, serta catatan atas laporan the consolidated financial statements, including
keuangan konsolidasian, termasuk informasi material accounting policy information.
kebijakan akuntansi material.
Menurut opini kami, laporan keuangan In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara financial statements present fairly, in all material
wajar, dalam semua hal yang material, posisi respects, the consolidated financial position of the
keuangan konsolidasian Kelompok Usaha tanggal Group as of December 31, 2025, and its
31 Desember 2025, serta kinerja keuangan dan consolidated financial performance and cash flows
arus kas konsolidasiannya untuk tahun yang for the year then ended, in accordance with
berakhir pada tanggal tersebut, sesuai dengan Indonesian Financial Accounting Standards.
Standar Akuntansi Keuangan di Indonesia.
KAP Purwanto Susanti dan Surja
Registered Public Accountants KMK No. 69/ MK/ SK/ 2025
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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
jawab kami menurut standar tersebut Accountants (“ IICPA” ). Our responsibilities under
diuraikan lebih lanjut dalam paragraf Tanggung those standards are further described in the
Jawab Auditor terhadap Audit atas Laporan Auditor’s Responsibilities for the Audit of the
Keuangan Konsolidasian pada laporan kami. Consolidated Financial Statements paragraph of
Kami independen terhadap Kelompok Usaha our report. We are independent of the Group in
berdasarkan ketentuan etika yang relevan dalam accordance with the ethical requirements relevant
audit kami atas laporan keuangan konsolidasian di to our audit of the consolidated financial
Indonesia, dan kami telah memenuhi tanggung statements in Indonesia, and we have fulfilled our
jawab etika lainnya berdasarkan ketentuan other ethical responsibilities in accordance with
tersebut. Kami yakin bahwa bukti audit yang telah such requirements. We believe that the audit
kami peroleh adalah cukup dan tepat untuk evidence we have obtained is sufficient and
menyediakan suatu basis bagi opini kami. appropriate to 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 the current period. Such key audit matters 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.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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 at as 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 misstatement 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.
Kecukupan penyisihan atas kerugian kredit Adequacy in allowance for expected credit loss
ekpektasian atas nilai piutang usaha on trade receivables
Penjelasan atas hal audit utama: Description of the key audit matter:
Pada tanggal 31 Desember 2025, saldo piutang As of December 31, 2025, the Company’s trade
usaha Perusahaan sebesar Rp7.118.753 juta, receivables amounted to Rp7,118,753 million,
mencerminkan 19,5%dari total aset konsolidasian which represents 19.5% of the Group’s
Kelompok Usaha. Piutang usaha diakui sebagai consolidated total assets. The trade receivables are
aset keuangan pada biaya perolehan diamortisasi recognized as financial assets at amortized cost
dikurangi akumulasi penurunan nilai. Perusahaan less accumulated impairment. The Company
telah mengakui penyisihan kerugian kredit recognized allowance for expected credit losses
ekspektasian (“ KKE” ) sebesar Rp89.305 juta pada (“ ECL” ) amounting to Rp89,305 million as of
tanggal 31 Desember 2025. Penyisihan kerugian December 31, 2025. The allowance for ECL is
kredit ekspektasian, terutama mencerminkan mainly the results of individual impairment
penilaian penurunan nilai secara individu untuk assessment s of various customers at the reporting
sejumlah pelanggan pada tanggal pelaporan. Kami dat e. We considered t he allowance for ECL as a key
mempertimbangkan penyisihan KKE sebagai hal audit matter due to the high degree of judgments
audit utama karena tingkat pertimbangan yang applied by management . In general, in assessing
tinggi yang diterapkan oleh manajemen. Secara the impairment on individual basis of trade
umum, dalam menentukan penurunan nilai secara receivables, management exercised significant
individu atas piutang usaha, manajemen judgments to evaluate the collectability of
menggunakan pertimbangan untuk mengevaluasi individual customers after taking into account their
kolektibilitas dari pelanggan secara individual creditworthiness and aging analysis. The
dengan mempertimbangkan kelayakan kredit assessment also involves the information about
pelanggan dan analisis umur jatuh tempo. past events, current conditions and forecasts of
Pertimbangan ini juga melibatkan informasi future conditions, as well as the time value of
peristiwa masa lalu, keadaan masa kini, dan money.
perkiraan masa depan, serta nilai waktu uang.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
Hal audit ut ama (lanjut an) Key audit mat t ers (cont inued)
Kecukupan penyisihan atas kerugian kredit Adequacy in allowance for expected credit loss
ekpektasian atas nilai piutang usaha (lanjutan) on trade receivables (continued)
Penjelasan atas hal audit utama: (lanjutan) Description of the key audit matter: (continued)
Pengungkapan terkait piutang usaha dan The disclosure of trade receivables and allowance
penyisihan atas KKE disajikan dalam Catatan 2 for ECL are present ed in Notes 2 and 5a to the
dan 5a atas laporan keuangan konsolidasian accompanying consolidated financial statements.
terlampir.
Respons audit: Audit response:
Kami memeroleh pemahaman atas proses We obtained an understanding of the Company’s
perkiraan penyisihan KKE piutang usaha process in estimating the allowance for ECL on
Perusahaan. Kami menguji dengan menggunakan t rade receivables. We t est ed on a sample basis t he
basis sampel untuk umur jatuh tempo piutang aging of trade receivables at year end. We
usaha pada akhir tahun. Kami mengevaluasi evaluated the management’s assumptions used
asumsi yang digunakan oleh manajemen dan and judgment on their assessments of collectability
pertimbangan atas penilaian kolektibilitas dari from individual customers by comparing them to
setiap individu pelanggan dengan the historical collection trends of respective
membandingkan tren penerimaan historis individual customers. We considered the credits
dari setiap individu pelanggan. Kami granted to the customers and/ or their subsequent
mempertimbangkan fasilitas kredit yang settlements when performing analysis of
diberikan kepada pelanggan dan/ atau pelunasan receivables’ aging brackets. We also checked the
setelah tanggal pelaporan ketika melakukan mathematical accuracy of the time value of money
analisis terhadap golongan umur piutang. Kami calculation, and assessed the effect ive interest
juga memeriksa akurasi matematis dari rate used in discounting the forecast of
perhitungan nilai waktu uang, dan menilai tingkat future collections. In addition, we evaluated the
suku bunga efektif yang digunakan dalam reasonableness of the Company’s allowance for
mendiskontokan perkiraan penerimaan di masa ECL through independent recalculation.
depan. Selain itu, kami mengevaluasi kewajaran
pada penyisihan KKE Perusahaan melalui
perhitungan ulang secara independen.
Kami juga melakukan evaluasi atas kecukupan We also assessed the adequacy of the disclosures
pengungkapan terkait penyisihan KKE atas related to allowance for ECL on trade receivables in
piutang usaha pada catatan atas laporan the notes to the accompanying consolidated
keuangan konsolidasian terlampir. financial statements.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 1/ III/ 2026 (continued)
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.
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 responsibilit y is to read the Annual Report when it
Laporan Tahunan ketika tersedia dan, becomes available and, in doing so, consider
dalam melaksanakannya, mempertimbangkan whether the Annual Report is materially
apakah 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, atau misstated.
mengandung kesalahan penyajian material.
Ketika kami membaca Laporan Tahunan, jika kami When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan regulations.
peraturan perundang-undangan yang berlaku.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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 financial st at ement s
Manajemen bertanggung jawab atas penyusunan Management is responsible for the preparation and
dan penyajian wajar laporan keuangan fair present ation 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 statements that are free from material
dari kesalahan penyajian material, baik yang misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.
Dalam penyusunan laporan keuangan In preparing the consolidat ed financial statements,
konsolidasian, manajemen bertanggung jawab management is responsible for assessing the
untuk menilai kemampuan Kelompok Usaha Group’s ability to continue as a going concern,
dalam 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 Kelompok Usaha 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 Kelompok Usaha.
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Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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
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 is
independen yang mencakup opini kami. Keyakinan 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. Misstatements 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 taken
kesalahan dan dianggap material jika, baik secara on 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.
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 obt ain 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.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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)
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 circumstances, but not for the purpose of
bukan untuk tujuan menyatakan opini expressing an opinion on the effectiveness of
atas keefektivitasan pengendalian internal the Group’s internal control.
Kelompok Usaha.
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.
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 Kelompok Usaha untuk that a material uncertainty exists, we are
mempertahankan kelangsungan usahanya. required to draw attention in our independent
Ketika kami menyimpulkan bahwa terdapat auditor’s report to the related disclosures in
suatu ketidakpastian material, kami the consolidated financial statements or, if
diharuskan untuk menarik perhatian dalam such disclosures are inadequate, to modify our
laporan auditor independen kami ke opinion. Our conclusion is based on the audit
pengungkapan terkait dalam laporan evidence obtained up to the date of our
keuangan konsolidasian atau, jika independent auditor’s report. However, future
pengungkapan tersebut tidak memadai, events or conditions may cause the Group to
memodifikasi opini kami. Kesimpulan kami cease to continue as a going concern.
didasarkan pada bukti audit yang diperoleh
hingga tanggal laporan auditor independen
kami. Namun, peristiwa atau kondisi masa
depan dapat menyebabkan Kelompok Usaha
tidak dapat mempertahankan kelangsungan
usaha.
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language.
Laporan Audit or Independen (lanjut an) Independent Audit or’s Report (cont inued)
Laporan No. 00218/ 2.1505/ AU.1/ 05/ 0694- Report No. 00218/ 2.1505/ AU.1/ 05/ 0694-
4/ 1/ III/ 2026 (lanjutan) 4/ 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 Kelompok Usaha untuk entities or business activities within the Group
menyatakan opini atas laporan keuangan to express an opinion on the consolidated
konsolidasian. Kami bertanggung jawab atas financial statements. We are responsible for
arahan, supervisi, dan pelaksanaan audit the direction, supervision, and performance of
grup. Kami tetap bertanggung jawab the group audit. We remain solely responsible
sepenuhnya atas 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 relevant ethical requirements regarding
yang 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
Laporan Tahunan 2025
Page 299
297
A member firm of Ernst & Young Global Limited
Laporan Tahunan 2025
Page 300
298 The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN 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)
Catatan/
2025 Notes 2024
Aset Assets
Aset Lancar Current Assets
Kas dan setara kas 6.404.299.375 3,4 5.365.991.608 Cash and cash equivalents
Piutang usaha 3,5a Trade receivables
Pihak berelasi 148.422 31 943.477 Related parties
Pihak ketiga - neto 9.544.509.087 7.562.546.795 Third parties - net
Piutang lain-lain 3,5b Other receivables
Pihak berelasi 2.315.888 31 5.357.930 Related parties
Pihak ketiga 43.387.027 38.910.981 Third parties
Persediaan - neto 2.601.111.632 6 3.462.763.531 Inventories - net
Persediaan tanah kawasan industri 4.013.228.173 13 3.756.816.356 Industrial estate land inventory
Pajak dibayar di muka 135.665.526 26a 147.198.948 Prepaid taxes
Uang muka 59.980.112 147.409.624 Advance payments
Biaya dibayar di muka 88.080.384 7 81.762.138 Prepaid expenses
Aset lancar lainnya 430.990.526 3,8,26c 428.410.352 Other current assets
Total Aset Lancar 23.323.716.152 20.998.111.740 Total Current Assets
Aset Tidak Lancar Non-Current Assets
Piutang usaha jangka panjang Long-term trade receivables
dari pihak ketiga - neto 1.224.582.641 3,5a 304.429.436 from third parties - net
Investasi pada entitas asosiasi 535.825.092 9 492.359.823 Investments in associates
Aset pajak tangguhan - neto 181.237.136 26d 188.343.792 Deferred tax assets - net
Properti investasi 1.816.567.520 12 1.816.567.520 Investment property
Aset tetap - neto 6.810.814.885 10,18,33 6.365.009.877 Property, plant and equipment - net
Aset keuangan pada nilai wajar Financial assets at fair value
melalui laba rugi 250.000.000 3,18 - through profit or loss
Aset hak-guna - neto 839.161.376 11,31 793.367.518 Right-of-use assets - net
Estimasi tagihan pajak Estimated claims for
penghasilan jangka panjang 70.449.440 26c 15.571.175 tax refund - long-term
Persediaan tanah kawasan industri Industrial estate land inventory
untuk pengembangan 1.421.440.536 13 1.983.264.085 for development
Uang muka - 33 27.211.667 Advance payments
Aset keuangan tidak lancar Other non-current
lainnya - neto 37.856.217 3,33 74.742.610 financial assets - net
Aset tidak lancar lainnya - neto 50.630.262 49.705.125 Other non-current assets - net
Total Aset Tidak Lancar 13.238.565.105 12.110.572.628 Total Non-Current Assets
Total Aset 36.562.281.257 33.108.684.368 Total Assets
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
1
Laporan Tahunan 2025
Page 301
The original consolidated financial statements included herein
299
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) 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)
Catatan/
2025 Notes 2024
Liabilitas dan Ekuitas Liabilities and Equity
Liabilitas Liabilities
Liabilitas Jangka Pendek Current Liabilities
Hutang bank jangka pendek 237.365.000 3,17 7.000.000 Short-term bank loan
Hutang usaha 3 Trade payables
Pihak berelasi 55.015.398 31 54.828.597 Related party
Pihak ketiga 12.278.873.627 14a 10.336.753.865 Third parties
Hutang lain-lain - pihak ketiga 209.351.573 3,14b 464.043.998 Other payables - third parties
Hutang pajak 653.587.230 26b 402.699.824 Taxes payable
Biaya masih harus dibayar 663.234.721 3,15 585.685.122 Accrued expenses
Liabilitas imbalan kerja Short-term employee
jangka pendek 118.052.612 28 144.298.160 benefits liabilities
Liabilitas sewa jangka pendek 71.402.299 3,16 45.084.227 Current lease liabilities
Liabilitas kontrak jangka pendek 311.093.601 12 272.002.142 Current contract liabilities
Hutang bank jangka panjang Current maturities of long-term
yang jatuh tempo dalam satu tahun 1.182.438.653 3,18 1.140.851.204 bank loans
Hutang dividen 56.785.476 3 1.000.288 Dividend payable
Total Liabilitas Jangka Pendek 15.837.200.190 13.454.247.427 Total Current Liabilities
Liabilitas Jangka Panjang Non-Current Liabilities
Liabilitas pajak tangguhan - neto 40.939.690 26d 25.699.726 Deferred tax liabilities - net
Hutang bank jangka panjang
setelah dikurangi bagian
yang jatuh tempo dalam Long-term bank loans
satu tahun 3.703.087.919 3,18 3.645.033.749 net of current maturities
Liabilitas imbalan pasca kerja 210.005.038 28 179.043.946 Post-employment benefits liabilities
Liabilitas kontrak jangka panjang 631.125.850 12 631.405.255 Non-current contract liabilities
Liabilitas sewa jangka panjang 518.488.414 3,16 479.142.813 Non-current lease liabilities
Hutang dividen - 3,19 54.107.938 Dividend payable
Liabilitas jangka panjang lainnya 11.484.687 16.011.040 Other non-current liabilities
Total Liabilitas Jangka Panjang 5.115.131.598 5.030.444.467 Total Non-Current Liabilities
Total Liabilitas 20.952.331.788 18.484.691.894 Total Liabilities
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
2
Laporan Tahunan 2025
Page 302
300 The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN (lanjutan) 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)
Catatan/
2025 Notes 2024
Ekuitas Equity
Ekuitas yang Dapat Diatribusikan Equity Attributable to the
Kepada Pemilik Entitas Induk Owners of the Parent Entity
Modal saham - nilai nominal Share capital – Rp20 par value per
Rp20 per saham (angka penuh) share (full amount)
Modal dasar - Authorized -
37.500.000.000 saham 37,500,000,000 shares
Modal ditempatkan dan disetor Issued and fully paid -
penuh - 20.073.474.600 saham 401.469.492 20 401.469.492 20,073,474,600 shares
Tambahan modal disetor 1.365.578.353 21 1.301.477.917 Additional paid-in capital
Saham treasuri - 273.705.000 saham Treasury stock - 273,705,000 shares
pada tanggal 31 Des. 2025 as of Dec. 31, 2025
(2024: 320.655.000 saham) (96.093.902) 20 (112.577.374) (2024: 320,655,000 shares)
Exchange difference
Selisih kurs karena penjabaran due to translation of
laporan keuangan 275.160.157 251.982.560 financial statements
Komponen ekuitas lainnya Other component of equity
Bagian atas perubahan lainnya Share of other changes
dari ekuitas entitas anak 68.994.086 22 68.994.782 in equity of subsidiaries
Saldo laba Retained earnings
- Ditentukan penggunaannya 4.118.000 27 3.918.000 Appropriated -
- Tidak ditentukan penggunaannya 10.136.709.446 9.647.271.262 Unappropriated -
12.155.935.632 11.562.536.639
Kepentingan nonpengendali 3.454.013.837 19 3.061.455.835 Non-controlling interests
Total Ekuitas 15.609.949.469 14.623.992.474 Total Equity
Total Liabilitas dan Ekuitas 36.562.281.257 33.108.684.368 Total Liabilities and Equity
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
3
Laporan Tahunan 2025
Page 303
The original consolidated financial statements included herein
301
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF
KOMPREHENSIF LAIN KONSOLIDASIAN PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir COMPREHENSIVE INCOME
pada Tanggal 31 Desember 2025 For the Year Ended
(Disajikan dalam Ribuan Rupiah, December 31, 2025
kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah,
unless Otherwise Stated)
Catatan/
2025 Notes 2024
Pendapatan dari kontrak dengan Revenue from contract
pelanggan 45.732.540.855 23,31 38.457.126.044 with customers
Pendapatan sewa 285.927.217 272.367.254 Rental income
Total Pendapatan 46.018.468.072 38.729.493.298 Total Revenues
Beban Pokok Penjualan dan
Pendapatan (41.920.479.417) 24 (35.220.457.367) Cost of Sales and Revenues
Laba bruto 4.097.988.655 3.509.035.931 Gross profit
Beban Usaha 25,31 Operating Expenses
Beban umum dan administrasi (961.169.832) (873.443.923) General and administrative expenses
Beban penjualan (98.127.836) (101.147.934) Selling expenses
Pendapatan (Beban) Usaha Lainnya Other Operating Income (Expenses)
Laba atas penjualan/pengalihan Gain on sale/transfer of property,
aset tetap - neto 2.679.292 10 3.733.007 plant and equipment - net
Laba selisih kurs - neto 14.824.560 13.689.654 Foreign exchange gain - net
Pendapatan usaha lainnya 39.712.781 38.790.304 Other operating income
Beban usaha lainnya (12.106.041) (12.191.957) Other operating expenses
Laba usaha 3.083.801.579 2.578.465.082 Operating profit
Penghasilan keuangan 290.778.124 352.599.086 Finance income
Pajak final terkait Final tax related
penghasilan keuangan (45.491.265) (53.714.989) to finance income
Beban keuangan (73.767.925) 16,17,18 (84.909.111) Finance costs
Bagian atas laba entitas asosiasi 52.199.723 9 46.467.083 Share in profit of associates
Laba Sebelum Pajak Final dan Profit Before Final and
Pajak Penghasilan 3.307.520.236 2.838.907.151 Income Tax
Pajak final (25.458.432) (26.556.061) Final tax
Laba Sebelum Pajak Penghasilan 3.282.061.804 2.812.351.090 Profit Before Income Tax
Pajak penghasilan - neto: Income tax - net:
Pajak kini (434.396.510) 26c (393.765.710) Current tax
Pajak tangguhan (24.249.287) 26d (19.117.868) Deferred tax
Pajak penghasilan - neto (458.645.797) (412.883.578) Income tax - net
Laba Neto Tahun Berjalan 2.823.416.007 2.399.467.512 Net Profit for the Year
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
4
Laporan Tahunan 2025
Page 304
302 The original consolidated financial statements included herein
are in Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir COMPREHENSIVE INCOME (continued)
pada Tanggal 31 Desember 2025 For the Year Ended
(Disajikan dalam Ribuan Rupiah, December 31, 2025
kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah,
unless Otherwise Stated)
Catatan/
2025 Notes 2024
Penghasilan Komprehensif Lain Other Comprehensive Income
Pos yang Direklasifikasi Item to be Reclassified
ke Laba Rugi pada to Profit or Loss
Periode Mendatang in Subsequent Period
Exchange difference due to
Selisih kurs karena penjabaran translation of financial
laporan keuangan 48.063.782 49.726.617 statements
Pos yang Tidak Direklasifikasi Item Not to be Reclassified
ke Laba Rugi pada to Profit or Loss in
Periode Mendatang Subsequent Period
Keuntungan (kerugian) aktuarial Actuarial gain (loss) of
atas imbalan pasca kerja (6.468.599) 28 4.324.503 post-employment benefits
Pajak tangguhan terkait 1.902.667 (1.151.785) Related deferred tax
Laba Komprehensif Lain Other Comprehensive Income
Tahun Berjalan Setelah Pajak 43.497.850 52.899.335 for the Year, Net of Tax
Total Penghasilan Komprehensif Total Comprehensive Income
Tahun Berjalan 2.866.913.857 2.452.366.847 for the Year
Laba Tahun Berjalan Profit for the Year
yang Dapat Diatribusikan kepada: Attributable to:
Pemilik entitas induk 2.472.616.076 2.225.117.975 Equity holders of parent entity
Kepentingan nonpengendali 350.799.931 19 174.349.537 Non-controlling interests
Laba Neto Tahun Berjalan 2.823.416.007 2.399.467.512 Net Profit for the Year
Total Penghasilan Komprehensif Total Comprehensive
Tahun Berjalan yang Income for the Year
Dapat Diatribusikan kepada: Attributable to:
Pemilik entitas induk 2.491.227.741 2.253.821.459 Equity holders of parent entity
Kepentingan nonpengendali 375.686.116 19 198.545.388 Non-controlling interests
Total Penghasilan Komprehensif Total Comprehensive
Tahun Berjalan 2.866.913.857 2.452.366.847 Income for the Year
LABA PER SAHAM 30 EARNINGS PER SHARE
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada Attributable to equity
pemilik entitas induk holders of the parent entity
Dasar 125,24 112,73 Basic
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian form an integral part of these consolidated financial statements.
secara keseluruhan.
5
Laporan Tahunan 2025
Page 305
The original consolidated financial statements included herein are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah, unless Otherwise Stated)
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Equity Holders of the Parent Entity
Selisih Kurs
Karena
Penjabaran Bagian Atas
Laporan Perubahan
Keuangan/ Lainnya
Saldo Laba/ Exchange Dari Ekuitas
Modal Tambahan Retained Earnings Difference Entitas Anak/
Ditempatkan dan Modal Saham Due to Share of Kepentingan
Disetor Penuh/ Disetor/ Treasuri/ Ditentukan Tidak Ditentukan Translation of Other Changes Nonpengendali/
Catatan/ Paid-up Capital Additional Treasury Penggunaannya/ Penggunaannya/ Financial in Equity Total/ Non-controlling Total Ekuitas/
Notes Stock Paid-in Capital Stock Appropriated Unappropriated Statements of Subsidiaries Total Interest Total Equity
Saldo per 1 Januari 2025 401.469.492 1.301.477.917 (112.577.374) 3.918.000 9.647.271.262 251.982.560 68.994.782 11.562.536.639 3.061.455.835 14.623.992.474 Balance as of January 1, 2025
Laba tahun berjalan 2025 - - - - 2.472.616.076 - - 2.472.616.076 350.799.931 2.823.416.007 Profit for the year 2025
Penghasilan komprehensif lain - - - - (4.565.932) 23.177.597 - 18.611.665 24.886.185 43.497.850 Other comprehensive income
Total penghasilan komprehensif Total comprehensive income
tahun berjalan - - - - 2.468.050.144 23.177.597 - 2.491.227.741 375.686.116 2.866.913.857 for the year
Pencadangan umum 27 - - - 200.000 (200.000) - - - - - Appropriation of general reserve
Pembagian dividen kepada Distribution of dividends to
pemilik entitas induk 27 - - - - (1.978.411.960) - - (1.978.411.960) - (1.978.411.960) equity holders of parent entity
Penerbitan kembali saham treasuri 21 - 6.944.578 16.483.472 - - - - 23.428.050 - 23.428.050 Reissuance of treasury stock
Pelaksanaan MESOP 21 - 57.155.858 - - - - - 57.155.858 - 57.155.858 Exercise of MESOP
Bagian atas perubahan lainnya Share of other changes in equity
dari ekuitas entitas anak 22 - - - - - - (696) (696) 696 - of subsidiary
Penambahan investasi oleh Additional investment by
kepentingan nonpengendali 19 - - - - - - - - 16.871.190 16.871.190 non-controlling interests
Saldo per 31 Desember 2025 401.469.492 1.365.578.353 (96.093.902) 4.118.000 10.136.709.446 275.160.157 68.994.086 12.155.935.632 3.454.013.837 15.609.949.469 Balance as of December 31, 2025
Laporan Tahunan 2025
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements orom an integral part of these consolidated financial statements.
6
303
Page 306
304
The original consolidated financial statements included herein are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2025 For the Year Ended December 31, 2025
(Disajikan dalam Ribuan Rupiah, kecuali Dinyatakan Lain) (Expressed in Thousands of Rupiah, unless Otherwise Stated)
Laporan Tahunan 2025
Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/Equity Attributable to the Equity Holders of the Parent Entity
Selisih Kurs
Karena
Penjabaran Bagian Atas
Laporan Perubahan
Keuangan/ Lainnya
Saldo Laba/ Exchange Dari Ekuitas
Modal Tambahan Retained Earnings Difference Entitas Anak/
Ditempatkan dan Modal Saham Due to Share of Kepentingan
Disetor Penuh/ Disetor/ Treasuri/ Ditentukan Tidak Ditentukan Translation of Other Changes Nonpengendali/
Catatan/ Paid-up Capital Additional Treasury Penggunaannya/ Penggunaannya/ Financial in Equity Total/ Non-controlling Total Ekuitas/
Notes Stock Paid-in Capital Stock Appropriated Unappropriated Statements of Subsidiaries Total Interest Total Equity
Saldo per 1 Januari 2024 401.469.492 1.287.163.057 (118.071.864) 3.718.000 9.392.897.529 226.451.794 68.996.200 11.262.624.208 2.780.333.305 14.042.957.513 Balance as of January 1, 2024
Laba tahun berjalan 2024 - - - - 2.225.117.975 - - 2.225.117.975 174.349.537 2.399.467.512 Profit for the year 2024
Penghasilan komprehensif lain - - - - 3.172.718 25.530.766 - 28.703.484 24.195.851 52.899.335 Other comprehensive income
Total penghasilan komprehensif Total comprehensive income
tahun berjalan - - - - 2.228.290.693 25.530.766 - 2.253.821.459 198.545.388 2.452.366.847 for the year
Pencadangan umum 27 - - - 200.000 (200.000) - - - - - Appropriation of general reserve
Pembagian dividen kepada Distribution of dividends to
pemilik entitas induk 27 - - - - (1.973.716.960) - - (1.973.716.960) - (1.973.716.960) equity holders of parent entity
Bagian atas perubahan lainnya Share of other changes in equity
dari ekuitas entitas anak 23 - - - - - - (1.418) (1.418) 1.418 - of subsidiaries
Penerbitan kembali saham treasuri 21 - 2.314.860 5.494.490 - - - - 7.809.350 - 7.809.350 Reissuance of treasury stock
Pelaksanaan MESOP 21 - 12.000.000 - - - - - 12.000.000 - 12.000.000 Exercise of MESOP
Penambahan investasi oleh Additional investment by
kepentingan nonpengendali 20 - - - - - - - - 82.575.724 82.575.724 non-controlling interests
Saldo per 31 Desember 2024 401.469.492 1.301.477.917 (112.577.374) 3.918.000 9.647.271.262 251.982.560 68.994.782 11.562.536.639 3.061.455.835 14.623.992.474 Balance as of December 31, 2024
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. The accompanying notes to the consolidated financial statements orom an integral part of these consolidated financial statements.
7
Page 307
The original consolidated financial statements included herein are in 305
the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
Untuk Tahun yang Berakhir For the Year Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Kas yang diterima dari pelanggan 48.391.108.869 42.610.375.219 Cash received from customers
Pembayaran kas kepada pemasok Cash payments to suppliers
dan untuk beban usaha (41.432.532.127) (38.272.118.301) and for operating expenses
Kas yang diperoleh dari
aktivitas operasi 6.958.576.742 4.338.256.918 Cash provided by operating activities
Penerimaan dari (pembayaran untuk): Cash received from (payments for):
Penghasilan keuangan 188.704.147 215.740.530 Finance income
Beban keuangan (24.082.337) (52.398.505) Finance costs
Akuisisi persediaan tanah Acquisitions of industrial
kawasan industri, termasuk estate land inventory, including
uang muka ke kontraktor advanced payments to contractors
dan kapitalisasi bunga (1.116.305.087) 13 (1.232.041.471) and interest capitalization
Pengembalian pajak penghasilan Refund of income tax
dan pajak lainnya 620.638.603 324.761.348 and other taxes
Pembayaran pajak penghasilan Payment of income tax
dan pajak lainnya (2.686.557.758 ) (2.247.687.582) and other taxes
Kas Neto yang Diperoleh dari Net Cash Provided by
Aktivitas Operasi 3.940.974.310 1.346.631.238 Operating Activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
INVESTASI INVESTING ACTIVITIES
Proceeds from sale/transfer of
Hasil penjualan/pengalihan aset tetap 5.877.959 10 10.077.582 property, plant and equipment
Penerimaan dividen Receipt of cash dividend
dari entitas asosiasi - 9 4.403.386 from associate entity
Penerimaan atas divestasi saham Proceed from cash divestment
pada entitas asosiasi 486.343 9 - of shares in associate
Acquisitions of property,
Perolehan aset tetap (1.065.414.188) 10,36 (1.187.078.235) plant and equipment
Investasi pada aset keuangan pada Investment in financial assets at
nilai wajar melalui laba rugi (250.000.000) - fair value through profit or loss
Uang muka pembelian Advance for purchase of
aset tetap - (315.505) property, plant, and equipment
Kas Neto yang Digunakan untuk Net Cash Used in
Aktivitas Investasi (1.309.049.886) (1.172.912.772) Investing Activities
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.
8
Laporan Tahunan 2025
Page 308
306 The original consolidated financial statements included herein are in
the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS
(lanjutan) (continued)
Untuk Tahun yang Berakhir For the Year Ended
Pada Tanggal 31 Desember 2025 December 31, 2025
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
Catatan/
2025 Notes 2024
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
PENDANAAN FINANCING ACTIVITIES
Penambahan hutang bank
jangka pendek 315.615.000 17 300.500.000 Proceeds of short-term bank loans
Pembayaran hutang bank
jangka pendek (85.250.000 ) 17 (298.500.000) Repayments of short-term bank loans
Penambahan hutang bank
jangka panjang 1.488.745.613 18 2.700.000.000 Proceeds of long-term bank loans
Pembayaran hutang bank
jangka panjang (1.391.156.266 ) 18 (2.120.433.892 ) Repayments of long-term bank loans
Pembayaran liabilitas sewa (79.841.595) 16 (131.265.846) Payment of lease liabilities
Pembayaran dividen tunai kepada Payments of cash dividends to
pemilik entitas induk (1.977.629.460 ) 27 (1.973.716.960 ) equity holders of the parent entity
Penerbitan kembali saham treasuri 23.428.050 21 7.809.350 Reissuance of treasury stock
Pembayaran hutang obligasi - (37.000.000) Payment of bonds payable
Penerimaan setoran modal dari Capital contribution from
kepentingan nonpengendali non-controlling interest
entitas anak 16.871.190 19 82.575.724 of subsidiaries
Kas Neto yang Digunakan untuk Net Cash Used in
Aktivitas Pendanaan (1.689.217.468) (1.470.031.624) Financing Activities
KENAIKAN (PENURUNAN) NETO NET INCREASE (DECREASE) IN
KAS DAN SETARA KAS 942.706.956 (1.296.313.158) CASH AND CASH EQUIVALENTS
Effect of foreign exchange
Dampak perubahan selisih kurs 95.600.811 126.679.085 rate changes
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AWAL TAHUN 5.365.991.608 4 6.535.625.681 AT BEGINNING OF YEAR
KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS
AKHIR TAHUN 6.404.299.375 4 5.365.991.608 AT END OF YEAR
Pengungkapan tambahan informasi arus kas disajikan dalam Supplemental cash flow information is presented in Note 36.
Catatan 36.
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements.
9
Laporan Tahunan 2025
Page 309
The original consolidated financial statements included herein 307
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM 1. GENERAL
a. Pendirian dan Informasi Umum a. Establishment and General Information
PT AKR Corporindo Tbk ("Perusahaan") PT AKR Corporindo Tbk (the "Company")
didirikan di Surabaya berdasarkan Akta Notaris was established in Surabaya on
Sastra Kosasih, S.H., No. 46 tanggal November 28, 1977, based on the Notarial
28 November 1977 yang diubah dengan Akta Deed No. 46 of Sastra Kosasih, S.H., which
Notaris No. 26 oleh notaris yang sama tanggal was amended by Notarial Deed No. 26 of the
12 April 1978. Akta pendirian dan perubahannya same notary dated April 12, 1978. The deed
telah disahkan oleh Menteri Kehakiman Republik of establishment and its amendment were
Indonesia dalam Surat Keputusan approved by the Ministry of Justice of the
No. Y.A.5/151/7 tanggal 14 Juni 1978, Republic of Indonesia in its Decision Letter
didaftarkan pada Pengadilan Negeri Surabaya No. Y.A.5/151/7 dated June 14, 1978,
dalam Surat No. 277/1978 dan No. 278/1978 registered at the District Court of Surabaya in
tanggal 20 Juli 1978 serta diumumkan dalam its Letters No. 277/1978 and No. 278/1978
lembaran Berita Negara No. 101 Tambahan No. on July 20, 1978, and published in
741 tanggal 19 Desember 1978. Pada tahun Supplement No. 741 of the State Gazette
1985, Perusahaan memindahkan kantor No. 101 dated December 19, 1978. In 1985,
pusatnya ke lokasinya pada saat ini di Jakarta. the Company moved its head office to its
Pada tahun 2004, Perusahaan mengganti current location in Jakarta. In 2004, the
namanya dari PT Aneka Kimia Raya Tbk. Company changed its name from PT Aneka
menjadi PT AKR Corporindo Tbk. Anggaran Kimia Raya Tbk. to PT AKR Corporindo Tbk.
Dasar Perusahaan telah mengalami perubahan The Articles of Association of the Company
dari waktu ke waktu yang mana perubahan have been amended from time to time, the
terakhir dicakup dalam Akta Notaris Aryanti latest of which is covered in Notarial Deed of
Artisari, S.H., M.KN., No. 17 tanggal 28 April Aryanti Artisari, S.H., M.KN., No. 17 dated
2025, mengenai pengangkatan kembali Dewan April 28, 2025, regarding the reappointment of
Komisaris dan Dewan Direksi Perusahaan. Board of Commissioners and Board of
Directors of the Company.
Sesuai dengan Pasal 3 Anggaran Dasar As stated in Article 3 of the Company’s Articles
Perusahaan, ruang lingkup kegiatan usaha of Association, the scope of its main business
utama Perusahaan antara lain meliputi bidang activities comprises of chemical and
industri barang kimia dan bahan bakar minyak; petroleum industry; wholesale and retail sale
perdagangan besar dan kecil dan distribusi trading and distribution of primarily chemical
terutama bahan kimia dan bahan bakar minyak products and petroleum products and gas;
(“BBM”) dan gas; pengangkutan dan transportation and warehousing (activities of
pergudangan (aktivitas penyewaan dan sewa lease and finance lease without option rights,
guna usaha tanpa hak opsi, ketenagakerjaan, employment, travel agent and other business
agen perjalanan dan penunjang usaha lainnya); support); professional, scientific and technical
aktivitas profesional, ilmiah dan teknis (jasa); (services) activities; and supporting business
serta kegiatan usaha penunjang yang meliputi activities comprises of transportation and
pengangkutan dan pergudangan; konstruksi; warehousing; construction; procurement of
pengadaan listrik, gas, uap, air panas dan udara electricity, gas, steam, hot water and cool air.
dingin.
Perusahaan saat ini bergerak dalam bidang The Company is currently engaged in the
distribusi produk BBM ke pasar industri, distribution of petroleum products to industrial
distribusi dan perdagangan bahan kimia (seperti customers, distribution and trading of chemical
caustic soda, sodium sulfat, PVC resin dan soda products (such as caustic soda, sodium
ash) yang digunakan oleh berbagai industri di sulphate, PVC resin and soda ash) used by
Indonesia sesuai dengan perjanjian distribusi various industries in Indonesia in accordance
dengan produsen asing dan lokal, penyewaan with distributorship agreements with foreign
gudang, kendaraan angkutan, tangki dan jasa and local manufacturers, rental of
logistik lainnya. warehouses, transportation vehicles, tanks
and other logistic services.
10
Laporan Tahunan 2025
Page 310
308 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan Informasi Umum (lanjutan) a. Establishment and General Information
(continued)
Perusahaan memulai kegiatan usaha The Company started its commercial
komersialnya pada bulan Juni 1978. operations in June 1978.
Perusahaan berdomisili di AKR Tower, Lantai The Company is domiciled at AKR Tower, 26th
26, JI. Panjang No. 5, Kebon Jeruk, Jakarta. Floor, JI. Panjang No. 5, Kebon Jeruk, Jakarta.
Kantor cabang utama Perusahaan berlokasi Its major branch office is located at
di JI. Sumatra No. 51-53, Surabaya. Kantor JI. Sumatra No. 51-53, Surabaya. Other sales
penjualan lainnya sekaligus terminal tangki office also is located in Medan, Palembang,
berlokasi di Medan, Palembang, Lampung, Lampung, Ciwandan (Banten), Bandung,
Ciwandan (Banten), Bandung, Semarang, Semarang, Pontianak, Balikpapan,
Pontianak, Balikpapan, Banjarmasin, Stagen Banjarmasin, Stagen (South Kalimantan),
(Kalimantan Selatan), Muara Teweh (Kalimantan Muara Teweh (Central Kalimantan), Manado,
Tengah), Manado, Morowali (Sulawesi Tengah) Morowali (Central Sulawesi) and Bali.
dan Bali.
Anggota Dewan Komisaris, Direksi dan Komite The members of the Company's Boards of
Audit Perusahaan pada 31 Desember 2025 dan Commissioners (“BOC”) and Directors
2024 adalah sebagai berikut: (“BOD”) and Audit Committee on
December 31, 2025 and 2024 are as follows:
31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31,2024
Dewan Komisaris Board of Commissioners (BOC)
Presiden Komisaris : Soegiarto Adikoesoemo Soegiarto Adikoesoemo : President Commissioner
Komisaris Independen : Moh. Fauzi M. Ichsan Moh. Fauzi M. Ichsan : Independent Commissioner
Komisaris : Sofyan A. Djalil Sofyan A. Djalil : Commissioner
Dewan Direksi Board of Directors (BOD)
Presiden Direktur : Haryanto Adikoesoemo Haryanto Adikoesoemo : President Director
Direktur : Jimmy Tandyo Jimmy Tandyo : Directors
Bambang Soetiono Bambang Soetiono
Mery Sofi Mery Sofi
Suresh Vembu Suresh Vembu
Nery Polim Nery Polim
Termurti Tiban Termurti Tiban
Komite Audit Audit Committee
Ketua : Moh. Fauzi M. Ichsan Moh. Fauzi M. Ichsan : Chairman
Anggota : Sartono* Sahat Pardede : Members
Djisman Simandjuntak Djisman Simandjuntak
Susunan Dewan Komisaris dan Direksi diangkat The composition of BOD and BOC appointed
berdasarkan Rapat Umum Pemegang Saham on the 2025 Annual General Meeting of
Tahunan 2025 tanggal 28 April 2025 dengan Shareholders on April 28, 2025, with the
hasil yang dilaporkan melalui Surat results reported through its letter
No. 039/L.AKR.CS/2025. Kemudian Susunan No. 039/L.AKR.CS/2025. Then, the
Komite Audit diangkat berdasarkan Surat composition of the Audit Committee was
Keputusan Dewan Komisaris appointed based on the Decree of the Board
No. 048/L.AKR.CS/2025 yang berlaku efektif of Commissioners No. 048/L.AKR. CS/2025,
sejak tanggal 23 Mei 2025. which takes effect as of May 23, 2025.
Pada tanggal 31 Desember 2025, Perusahaan The Company and its Subsidiaries have total
dan Entitas Anak mempunyai 2.140 karyawan permanent employees of 2,140 as of
tetap (2024: 2.074) (tidak diaudit). December 31, 2025 (2024: 2,074) (unaudited).
*) Efektif tanggal 1 Januari 2026, Bapak Sartono digantikan oleh Bapak *) Effective on January 1, 2026, Mr. Sartono is changed to Mr.
Handoko Tripriyono. Handoko Tripriyono.
11
Laporan Tahunan 2025
Page 311
The original consolidated financial statements included herein 309
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi b. Consolidated Subsidiaries
Entitas Induk dan Entitas Induk Terakhir dari The Parent and Ultimate Parent Company of
Perusahaan dan Entitas Anak (bersama-sama the Company and its Subsidiaries (together
disebut sebagai “Kelompok Usaha AKR” atau referred to as “AKR Group” or the “Group”) is
“Kelompok Usaha”) adalah PT Arthakencana PT Arthakencana Rayatama which is part of
Rayatama yang merupakan bagian dari the business group owned by Soegiarto’s and
kelompok Usaha yang dimiliki oleh keluarga Haryanto Adikoesoemo’s family based in
Soegiarto dan Haryanto Adikoesoemo yang Indonesia.
berbasis di Indonesia.
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Pemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Usaha Era Pratama Nusantara Surabaya Jasa logistik/ 99,99 99,99 2000 13.077.498 12.171.806
("UEPN") dan Entitas Anak/ Logistic services
and Subsidiary
PT Anugerah Krida Retailindo ("AKRIDA") Jakarta Perdagangan, 99,99 99,99 2018 2.212.100 2.107.729
dan Entitas Anak/and Subsidiaries perusahaan holding/
Trading, holding company
PT Jakarta Tank Terminal ("JTT") Jakarta Terminal tangki 51,00 51,00 2010 1.349.634 1.179.575
penyimpanan/
Tank storage terminal
PT AKR Sea Transport ("AST") Jakarta Pelayaran domestik/ 99,99 99,99 2013 938.602 867.263
Domestic shipping
PT Andahanesa Abadi ("Andahanesa") Jakarta Jasa logistik/ 99,99 99,99 1982 558.650 612.297
dan Entitas Anak/and Subsidiaries Logistic services
PT Arjuna Utama Kimia ("Aruki") Surabaya Pabrikan bahan perekat/ 99,96 99,96 1976 335.507 377.797
Manufacturing of
adhesive materials
PT AKR Transportasi Indonesia ("ATI") Jakarta Jasa logistik/ 99,90 99,90 2013 325.244 255.182
Logistic services
PT AKR Niaga Indonesia ("ANI") Jakarta Perdagangan kimia dasar/ 99,99 99,99 2013 106.315 79.595
dan Entitas Anak/and Subsidiary Basic chemical trading
PT Berkah Buana Energi ("BBE") Gresik Distribusi dan pengangkutan/ 65,00 65,00 2025 102.427 54.898
Distribution and transportation
Chemical Petroleum International Singapura Perdagangan/ 100,00 100,00 2024 186.808 84.000
Trading Pte. Ltd. ("CPIT") Trading
PT Berkah Renewable Energi Gresik Pembangkitan, pengoperasian, 99,97 99,97 - 32.090 30.914
Nusantara ("BREN") konstruksi dan
instalasi tenaga listrik/
Electrical power generation,
operation, construction and
installation
PT Terminal Energi Primer (TEP) Gresik Jasa logistik/, 99,99 99,99 - 26.095 25.083
Logistic services
PT Anugrah Karya Raya (Anugrah) Jakarta Perdagangan dan 99,99 99,99 2011 701 756
pertambangan batubara/
Coal trading and mining
12
Laporan Tahunan 2025
Page 312
310 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Rincian mengenai entitas anak dari UEPN The details of the subsidiary of UEPN are as
adalah sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiary Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Berkah Kawasan Manyar Sejahtera Surabaya Pengoperasian kawasan 60,00 60,00 2015 12.556.694 11.671.519
("BKMS") industri dan fasilitas
pendukung/
Industrial estate operations
and supporting facilities
Berdasarkan Peraturan Pemerintah Nomor 71 Based on the Government Regulation
Tahun 2021 tanggal 28 Juni 2021 Number 71 Year 2021 dated June 28, 2021
(PP No. 71/2021), Pemerintah Indonesia telah (PP No. 71/2021), the Government of
menetapkan lokasi usaha BKMS di Gresik, Jawa Indonesia has designated BKMS commercial
Timur sebagai Kawasan Ekonomi Khusus location at Gresik, East Java, as a Special
(“KEK”) dalam area batas delineasi dalam PP Economic Zone (“SEZ”) within the area as
tersebut. Penetapan ini diharapkan akan defined in the PP. This designation is expected
membawa nilai tambah untuk BKMS sebagai to bring value added to both BKMS as the
developer dan operator dari Kawasan Industri developer and operator of Java Integrated
dan Pelabuhan Jawa Terpadu (“JIIPE”) serta Industrial and Ports Estate (“JIIPE”) and the
para pelaku usaha di dalam Kawasan tersebut. tenants of the said Estate.
Rincian mengenai entitas anak dari Andahanesa The details of the subsidiaries of Andahanesa
adalah sebagai berikut: are as follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Terminal Nilam Utara ("TNU") Surabaya Jasa logistik/ 60,00 60,00 2018 337.717 373.079
Logistic services
PT Anugerah Kreasi Pratama Surabaya Jasa logistik/ 99,99 99,99 2025 208.954 232.826
Indonesia ("AKPI") Logistic services
PT Krida Jasa Utama ("KJU") Jakarta Jasa logistik/ 99,80 99,80 - 434 459
Logistic services
13
Laporan Tahunan 2025
Page 313
The original consolidated financial statements included herein 311
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Rincian mengenai entitas anak dari AKRIDA The details of the subsidiaries of AKRIDA are
adalah sebagai berikut: as follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Aneka Petroindo Raya ("APR") Jakarta Perdagangan/ 50,10 50,10 2018 1.984.248 1.912.311
Trading
PT Dirgantara Petroindo Raya ("DPR") Jakarta Perdagangan/ 50,10 50,10 2019 98.937 75.481
Trading
PT Anugerah Lubrindo Raya ("ALR") Jakarta Perdagangan/ 80,00 80,00 2019 108.404 98.335
dan Entitas Anak/and Subsidiaries Trading
PT Berkah Bunker Service ("BBS") Surabaya Jasa logistik/ 99,99 99,99 - 18.996 20.060
Logistic services
Rincian mengenai entitas anak dari ALR adalah The details of the subsidiaries of ALR are as
sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiaries Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Anugerah Lubrindo Batam ("ALB") Jakarta Perdagangan/ 99,90 99,90 2019 5.172 4.313
Trading
Lubrindo Shipping Services Pte.Ltd Singapura/ Perdagangan umum 100 100 2019 1.143 7.915
("LSS") Singapore (pemasaran minyak pelumas)/
General trading
(marketing of lubricants)
Rincian mengenai entitas anak dari ANI adalah The details of the subsidiary of ANI are as
sebagai berikut: follows:
Total Aset
Mulai Sebelum Eliminasi
Persentase Beroperasi/ (Dalam Jutaan Rupiah)/
Kepemilikan/ Start of Total Assets
Entitas Anak/ Domisili/ Kegiatan Pokok/ Percentage of Commercial Before Elimination
Subsidiary Domicile Principal Activity Ownership Operations (In Millions of Rupiah)
31 Dec. 2025/ 31 Des. 2024/ 31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2025 Dec. 31, 2024
PT Anugerah Kimia Indonesia ("AKI") Jakarta Perdagangan/ 51,00 51,00 2021 105.277 78.527
Trading
14
Laporan Tahunan 2025
Page 314
312 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2025 Investment activities in 2025
Berdasarkan Akta Notaris Yulia, S.H., No. 3 Based on the Notarial Deed of Yulia, S.H.,
tanggal 9 April 2025, ADH meningkatkan modal No. 3 dated April 9, 2025, ADH increased its
ditempatkan dan disetor dari Rp356.449.000 issued and paid-up capital from
menjadi Rp366.449.000 dimana Perusahaan Rp356,449,000 to Rp366,449,000 whereby
mengambil keseluruhan kenaikan saham the Company subscribed the entire capital
tersebut sebesar Rp10.000.000. Perusahaan increase of Rp10,000,000. The Company has
telah melakukan Keterbukaan Informasi melalui made the Disclosure of Information in its Letter
Surat No. 033/L-AKR-CS/2025 tanggal 9 April No. 033/L-AKR-CS/2025 dated April 9, 2025 to
2025 ke OJK dan BEI. OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., Based on Notarial Deed of Yulia, S.H., No. 21
No. 21 tanggal 7 Maret 2025, DPR meningkatkan dated March 7, 2025, DPR increased its issued
modal ditempatkan dan disetor dari and paid-up capital from Rp158,309,600 to
Rp158.309.600 menjadi Rp176.019.600 dimana Rp176,019,600 whereby AKRIDA subscribed
AKRIDA mengambil bagian dari peningkatan the capital increase of Rp8,872,710, while the
modal disetor sebanyak Rp8.872.710, other shareholder, BP Global Investment
sedangkan pemegang saham lainnya, BP Global Limited, subscribed the remaining amount of
Investment Limited, mengambil sisa saham Rp8,837,290.
sebesar Rp8.837.290.
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on Notarial Deed of Yulia, S.H.,
S.H., No. 74 tanggal 24 Oktober 2025, DPR No. 74 dated October 24, 2025, DPR
meningkatkan modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp176.019.600 menjadi Rp192.119.600 dimana Rp176,019,600 to Rp192,119,600 whereby
AKRIDA mengambil bagian dari peningkatan AKRIDA subscribed the capital increase of
modal disetor sebanyak Rp8.066.100, sedangkan Rp8,066,100, while the other shareholder, BP
pemegang saham lainnya, BP Global Investment Global Investment Limited, subscribed the
Limited, mengambil sisa saham sebesar remaining amount of Rp8,033,900.
Rp8.033.900.
Berdasarkan Akta Notaris Yulia, S.H., No. 55 Based on the Notarial Deed of Yulia, S.H.,
tanggal 21 Februari 2025, AKRIDA meningkatkan No. 55 dated February 21, 2025, AKRIDA
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp1.039.165.000 menjadi Rp1.048.165.000 Rp1,039,165,000 to Rp1,048,165,000
dimana Perusahaan mengambil keseluruhan whereby the Company subscribed the entire
kenaikan saham tersebut sebesar Rp9.000.000. capital increase of Rp9,000,000. The
Perusahaan telah melakukan Keterbukaan Company has made the Disclosure of
Informasi melalui Surat No. 017/L-AKR-CS/2025 Information in its Letter No. 017/L-AKR-
tanggal 24 Februari 2025 ke OJK dan BEI. CS/2025 dated February 24, 2025 to OJK and
IDX.
Selanjutnya, berdasarkan Akta Notaris Yulia, Further, based on the Notarial Deed of Yulia,
S.H., No. 72 tanggal 24 Oktober 2025, AKRIDA S.H., No. 72 dated October 24, 2025, AKRIDA
meningkatkan modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp1.048.165.000 menjadi Rp1.056.565.000 Rp1,048,165,000 to Rp1,056,565,000
dimana Perusahaan mengambil keseluruhan whereby the Company subscribed the entire
kenaikan saham tersebut sebesar Rp8.400.000. capital increase of Rp8,400,000. The
Perusahaan telah melakukan Keterbukaan Company has made the Disclosure of
Informasi melalui Surat No. 079/L-AKR-CS/2025 Information in its Letter No. 079/L-AKR-
tanggal 28 Oktober 2025 ke Otoritas Jasa CS/2025 dated October 28, 2025 to Financial
Keuangan (“OJK”) dan Bursa Efek Indonesia Service Authority (“OJK”) and Indonesia Stock
(“BEI”). Exchange (“IDX”).
15
Laporan Tahunan 2025
Page 315
The original consolidated financial statements included herein 313
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2024 Investment activities in 2024
Berdasarkan Akta Notaris Yulia, S.H., No. 13 Based on the Notarial Deed of Yulia, S.H.,
tanggal 8 Januari 2024, AKRIDA meningkatkan No. 13 dated January 8, 2024, AKRIDA
modal ditempatkan dan disetor dari increased its issued and paid-up capital from
Rp821.165.000 menjadi Rp949.165.000 dimana Rp821,165,000 to Rp949,165,000 whereby
Perusahaan mengambil keseluruhan kenaikan the Company subscribed the entire capital
saham tersebut sebesar Rp128.000.000. increase of Rp128,000,000. The Company has
Perusahaan telah melakukan Keterbukaan made the Disclosure of Information
Informasi melalui Surat No. 005/L-AKR-CS/2024 in its Letter No. 005/L-AKR-CS/2024 dated
tanggal 10 Januari 2024 ke OJK dan BEI. January 10, 2024 to OJK and IDX.
Selanjutnya, Akta Notaris Yulia, S.H., No. 167 Further, on the Notarial Deed of Yulia, S.H.,
tanggal 25 September 2024, AKRIDA No. 167 dated September 25, 2024, AKRIDA
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp949.165.000 menjadi Rp967.165.000 Rp949,165,000 to Rp967,165,000 whereby the
dimana Perusahaan mengambil keseluruhan Company subscribed the entire capital
kenaikan saham tersebut sebesar increase of Rp18,000,000. The Company has
Rp18.000.000. Perusahaan telah melakukan made the Disclosure of Information in
Keterbukaan Informasi melalui its Letter No. 108/L-AKR-CS/2024 dated
Surat No. 108/L-AKR-CS/2024 tanggal September 26, 2024 to OJK and IDX.
26 September 2024 ke ke OJK dan BEI.
Selanjutnya, Akta Notaris Yulia, S.H., No. 126 Moreover, on the Notarial Deed of Yulia, S.H.,
tanggal 26 November 2024, AKRIDA No. 126 dated November 26, 2024, AKRIDA
meningkatkan modal dasar dari increased its authorized capital from
Rp1.000.000.000 menjadi Rp1.500.000.000 dan Rp1,000,000,000 to Rp1,500,000,0000 and
meningkatkan modal ditempatkan dan disetor increased its issued and paid-up capital from
dari Rp967.165.000 menjadi Rp1.039.165.000 Rp967,165,000 to Rp1,039,165,000 whereby
dimana Perusahaan mengambil keseluruhan the Company subscribed the entire capital
kenaikan saham tersebut sebesar increase of Rp72,000,000. The Company has
Rp72.000.000. Perusahaan telah melakukan made the Disclosure of Information
Keterbukaan Informasi melalui in its Letter No. 120/L-AKR-CS/2024 dated
Surat No. 120/L-AKR-CS/2024 tanggal December 11, 2024 to OJK and IDX.
11 Desember 2024 ke OJK dan BEI.
Berdasarkan Akta Notaris Yulia, S.H., No. 151 Based on Notarial Deed of Yulia, S.H., No. 151
tanggal 29 Oktober 2024, APR meningkatkan dated October 29, 2024, APR increased its
modal ditempatkan dan disetor dari issued and paid-up capital from
Rp1.683.713.448 menjadi Rp1.833.790.860 Rp1,683,713,448 to Rp1,833,790,860 whereby
dimana AKRIDA mengambil bagian dari AKRIDA subscribed the capital increase of
peningkatan modal disetor sebanyak Rp75,188,783, while the other shareholder,
Rp75.188.783, sedangkan pemegang saham BP Global Investment Limited, subscribed the
lainnya, BP Global Investment Limited, remaining amount of Rp74,888,629.
mengambil sisa saham sebesar Rp74.888.629.
16
Laporan Tahunan 2025
Page 316
314 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2024 (lanjutan) Investment activities in 2024 (continued)
Berdasarkan Akta Notaris Yulia, S.H., No. 32 Based on the Notarial Deed of Yulia, S.H.,
tanggal 7 Oktober 2024, Perusahaan dan UEPN No. 32 dated October 7, 2024, the Company
mendirikan satu entitas baru, and UEPN established a new entity,
PT Terminal Energi Primer (”TEP”). Perusahaan PT Terminal Energi Primer (“TEP”). The
memiliki 99,99% kepemilikan di TEP dan sisanya Company holds a 99.99% ownership in TEP
dimiliki oleh UEPN dengan modal dasar TEP and the remaining is held by UEPN, with a total
sebesar Rp100.000.000. Modal dasar tersebut authorized capital amount of Rp100,000,000.
telah ditempatkan dan disetor sebesar The authorized capital has been issued and
Rp25.000.000, dimana Perusahaan mengambil paid-up amounting to Rp25,000,000, whereby
bagian dari modal yang disetor Rp24.990.000,
the Company subscribed the paid-up capital of
sedangkan pemegang saham lainnya, UEPN,
Rp24,990,000, while the other shareholder,
mengambil sisa saham sebesar Rp10.000. TEP
UEPN, subscribed the remaining amount of
akan bergerak dalam bidang pergudangan dan
penyimpanan, penyimpanan minyak dan gas Rp10,000. TEP will engage in warehousing and
bumi, dan aktivitas penunjang lainya. storage, oil and gas storage, and other
supporting activities.
Berdasarkan Akta Notaris Yulia, S.H., Based on the Notarial Deed of Yulia, S.H.,
No. 16 tanggal 3 Oktober 2024, BBS No. 16 dated October 3, 2024, BBS increased
meningkatkan modal ditempatkan dan disetor its issued and paid-up capital from
dari Rp10.000.000 menjadi Rp20.000.000 Rp10,000,000 to Rp20,000,000 whereby
dimana AKRIDA mengambil keseluruhan AKRIDA subscribed the entire capital increase
kenaikan saham tersebut sebesar of Rp10,000,000.
Rp10.000.000.
Berdasarkan Akta Notaris Yulia, S.H., Based on Notarial Deed of Yulia, S.H., No. 188
No. 188 tanggal 2 Oktober 2024, DPR dated October 2, 2024, DPR increased its
meningkatkan modal ditempatkan dan disetor issued and paid-up capital from Rp142,904,600
dari Rp142.904.600 menjadi Rp158.309.600 to Rp158,309,600 whereby AKRIDA
dimana AKRIDA mengambil bagian dari subscribed the capital increase of
peningkatan modal disetor sebanyak Rp7,717,905, while the other shareholder, BP
Rp7.717.905, sedangkan pemegang saham Global Investment Limited, subscribed the
lainnya, BP Global Investment Limited, remaining amount of Rp7,687,095.
mengambil sisa saham sebesar Rp7.687.095.
Berdasarkan Akta Notaris Yulia, S.H., No. 11 Based on the Notarial Deed of Yulia, S.H.,
tanggal 8 Januari 2024, ADH meningkatkan No. 11 dated January 8, 2024, ADH increased
modal ditempatkan dan disetor dari its issued and paid-up capital from
Rp205.950.000 menjadi Rp355.950.000 dimana Rp205,950,000 to Rp355,950,000 whereby
Perusahaan mengambil keseluruhan kenaikan the Company subscribed the entire capital
saham tersebut sebesar Rp150.000.000. increase of Rp150,000,000. The Company
Perusahaan telah melakukan Keterbukaan has made the Disclosure of Information in
Informasi melalui Surat No. 006/L-AKR-CS/2024 its Letter No. 006/L-AKR-CS/2024 dated
tanggal 10 Januari 2024 ke OJK dan BEI. January 10, 2024 to OJK and IDX.
Selanjutnya, Akta Notaris Yulia, S.H., No. 33 Further, on the Notarial Deed of Yulia, S.H.,
tanggal 12 Juli 2024, ADH meningkatkan modal No. 33 dated July 12, 2024, ADH increased its
ditempatkan dan disetor dari Rp355.950.000 issued and paid-up capital from
menjadi Rp356.449.000 dimana Perusahaan Rp355.950,000 to Rp356,449,000 whereby
mengambil keseluruhan kenaikan saham the Company subscribed to the entire capital
tersebut sebesar Rp499.000. Perusahaan telah increase of Rp499,000. The Company has
melakukan Keterbukaan Informasi melalui Surat made the Disclosure of Information in its Letter
No. 073/L-AKR-CS/2024 tanggal 18 Juli 2024 ke No. 073/L-AKR-CS/2024 dated July 18, 2024
OJK dan BEI. to OJK and IDX.
17
Laporan Tahunan 2025
Page 317
The original consolidated financial statements included herein 315
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
b. Entitas Anak yang Dikonsolidasi (lanjutan) b. Consolidated Subsidiaries (continued)
Aktivitas investasi di tahun 2024 (lanjutan) Investment activities in 2024 (continued)
Pada tanggal 12 April 2024, AKR mendirikan satu On April 12, 2024, AKR established a new
entitas baru, Chemical Petroleum International entity, Chemical Petroleum International
Trading Pte. Ltd. (“CPIT”) di Singapura. AKR Trading Pte. Ltd. (“CPIT”) in Singapore. AKR
memiliki 100% kepemilikan di CPIT. CPIT akan holds a 100% ownership in CPIT. CPIT will
bergerak dalam bidang perdagangan dan engage mainly in trading and distribution of
distribusi produk kimia dan bahan bakar minyak. chemicals and petroleums products. The total
Total modal disetor dan ditempatkan CPIT paid up capital is amounting to
sebesar US$5.000.134,72. Perusahaan telah US$5,000,134.72. The Company has made
melakukan Keterbukaan Informasi melalui Surat the Disclosure of Information in
No. 040/L-AKR-CS/2024 tanggal 17 April 2024 its Letter No. 040/L-AKR-CS/2024 dated
dan No. 055/L-AKR-CS/2024 tanggal 4 Juni 2024 April 17, 2024 and No. 055/L-AKR-CS/2024
ke OJK dan BEI. dated June 4, 2024 to OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., No. 63 Based on the Notarial Deed of Yulia, S.H.,
tanggal 23 Februari 2024, AST meningkatkan No. 63 dated February 23, 2024, AST
modal dasar dari Rp300.000.000 menjadi increased its authorized capital from
Rp500.000.000 dan meningkatkan modal Rp300,000,000 to Rp500,000,000 and
ditempatkan dan disetor dari Rp274.900.000 increased its issued and paid-up capital from
menjadi Rp404.900.000 dimana Perusahaan Rp274,900,000 to Rp404,900,000 whereby
mengambil keseluruhan kenaikan saham the Company subscribed the entire capital
tersebut sebesar Rp130.000.000. Perusahaan increase of Rp130,000,000. The Company
telah melakukan Keterbukaan Informasi has made the Disclosure of Information in
melalui Surat No. 017/L-AKR-CS/2024 tanggal its Letter No. 017/L-AKR-CS/2024 dated
27 Februari 2024 ke OJK dan BEI. February 27, 2024 to OJK and IDX.
Berdasarkan Akta Notaris Yulia, S.H., No. 12 Based on the Notarial Deed of Yulia, S.H.,
tanggal 8 Januari 2024, AKPI meningkatkan No. 12 dated January 8, 2024, AKPI increased
modal dasar dari Rp100.000.000 menjadi its authorized capital from Rp100,000,000 to
Rp500.000.000 dan meningkatkan modal Rp500,000,000 and increased its issued and
ditempatkan dan disetor dari Rp30.000.000 paid-up capital from Rp30,000,000 to
menjadi Rp180.000.000 dimana Andahanesa Rp180,000,000 whereby Andahanesa
mengambil keseluruhan kenaikan saham subscribed the entire capital increase of
tersebut sebesar Rp150.000.000. Rp150,000,000.
Berdasarkan Akta Notaris Yulia, S.H., No. 8 Based on the Notarial Deed of Yulia, S.H.,
tanggal 5 Januari 2024, AKR dan UEPN No. 8 dated January 5, 2024, AKR and UEPN
mendirikan satu entitas baru, PT Berkah established a new entity, PT Berkah
Renewable Energi Nusantara (“BREN”). AKR Renewable Energi Nusantara (“BREN”). AKR
memiliki 99,97% kepemilikan di BREN dan holds a 99.97% ownership in BREN and the
sisanya dimiliki oleh UEPN, dengan jumlah remaining is held by UEPN, with a total
modal disetor sebesar Rp30.000.000. BREN subscribed capital amount of Rp30,000,000.
akan bergerak dalam bidang pembangkitan, BREN will engage in electrical power
pengoperasian, konstruksi dan instalasi tenaga generation, operation, construction and
listrik. Perusahaan telah melakukan Keterbukaan installation activities. The Company has
Informasi melalui Surat No. 004/L-AKR-CS/2024 made the Disclosure of Information in
tanggal 9 Januari 2024 ke OJK dan BEI. its Letter No. 004/L-AKR-CS/2024 dated
January 9, 2024 to OJK and IDX.
18
Laporan Tahunan 2025
Page 318
316 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan Activities of the Company
Pada bulan September 1994, Perusahaan telah In September 1994, the Company completed
melakukan penawaran umum perdana sebanyak the initial public offer of 15,000,000 shares at
15.000.000 lembar saham dengan harga an offering price of Rp4,000 (in full Rupiah) per
penawaran sebesar Rp4.000 (dalam Rupiah share. Further, in the same month, all of the
penuh) per saham. Selanjutnya, pada bulan Company’s shares totaling 65,000,000 shares
yang sama, seluruh saham Perusahaan at a par value of Rp1,000
sebanyak 65.000.000 lembar saham dengan (in full Rupiah) per share were listed on
nilai nominal Rp1.000 (dalam Rupiah penuh) per the IDX.
saham telah dicatatkan pada BEI.
Pada tahun 1996, para pemegang saham In 1996, the shareholders approved the stock
menyetujui pemecahan saham (stock split) yang split which resulted in the par value of the
menurunkan nilai nominal saham dari Rp1.000 shares being reduced from Rp1,000 (in full
(dalam Rupiah penuh) menjadi Rp500 (dalam Rupiah) to Rp500 (in full Rupiah) per share,
Rupiah penuh) per saham, dan pembagian and the distribution of 6:10 bonus shares.
saham bonus dengan perbandingan 6:10. As a result of the stock split and distribution of
Pemecahan saham dan pembagian saham bonus shares, the number of outstanding
bonus tersebut meningkatkan jumlah saham shares increased from 65,000,000 to
beredar dari 65.000.000 lembar saham menjadi 208,000,000 shares. In accordance with the
208.000.000 lembar saham. Sesuai dengan Letter No. 217/BEJ-1.2/1996 dated
Surat No. 217/BEJ-1.2/1996 tanggal September 27, 1996 from the IDX, all of the
27 September 1996 dari BEI, seluruh saham Company’s outstanding shares totaling
Perusahaan yang beredar sebanyak 208,000,000 shares at a par value of Rp500
208.000.000 lembar saham dengan nilai nominal (in full Rupiah) per share were listed on the
Rp500 (dalam Rupiah penuh) per saham telah IDX.
dicatatkan pada BEI.
Pada tanggal 24 Agustus 2004, Perusahaan On August 24, 2004, the Company submitted
telah mengajukan Pernyataan Pendaftaran the Registration Statement for Limited Public
dalam Rangka Penawaran Umum Terbatas I Offering I (Rights Issue) of 416,000,000
(Rights Issue) atas 416.000.000 lembar saham shares at an offering price of Rp500 (in full
dengan harga penawaran Rp500 (dalam Rupiah Rupiah) per share to the Indonesia Capital
penuh) per lembar saham kepada Badan Market and Financial Institution Supervisory
Pengawas Pasar Modal dan Lembaga Agency (“BAPEPAM-LK”). The Registration
Keuangan (“BAPEPAM-LK”). Pernyataan Statement became effective on
Pendaftaran tersebut telah efektif pada tanggal September 23, 2004 after the approval by the
23 September 2004 setelah disetujui oleh para shareholders through their Extraordinary
pemegang saham melalui Rapat Umum Shareholders' Meeting held on the same date.
Pemegang Saham Luar Biasa pada tanggal In the offering, every shareholder holding one
yang sama. Dalam penawaran tersebut, setiap share was entitled to buy two new shares.
pemegang saham yang memiliki satu lembar
saham berhak membeli dua lembar saham yang
ditawarkan.
Efektif tanggal 8 November 2004, seluruh saham Effective on November 8, 2004, all of the
Perusahaan telah dipindahkan pencatatannya Company's shares were transferred from the
dari Papan Pengembangan ke Papan Utama di listing at the Development Board to Primary
BEI berdasarkan Surat dari Bursa Efek Board in the IDX based on the Letter from the
tertanggal 5 November 2004. Stock Exchange dated November 5, 2004.
19
Laporan Tahunan 2025
Page 319
The original consolidated financial statements included herein 317
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan (lanjutan) Activities of the Company (continued)
Pada Rapat Umum Pemegang Saham Luar In the Extraordinary General Shareholders’
Biasa tanggal 31 Mei 2007, para pemegang Meeting, held on May 31, 2007, the
saham menyetujui hal-hal berikut: shareholders approved the following:
Pemecahan saham (stock split) yang Stock split which resulted in
menurunkan nilai nominal saham dari the par value of the shares being
Rp500 (dalam Rupiah penuh) menjadi reduced from Rp500 (in full Rupiah) to
Rp100 (dalam Rupiah penuh) per saham. Rp100 (in full Rupiah) per share.
Pemecahan saham tersebut meningkatkan As a result of the stock split,
jumlah saham beredar dari 624.000.000 the number of outstanding shares
lembar saham menjadi 3.120.000.000 increased from 624,000,000
lembar saham. Pemecahan saham ini shares to 3,120,000,000 shares. The
menjadi efektif pada tanggal stock split was effective on
27 Juli 2007 sebagaimana dinyatakan July 27, 2007 as noted IDX’s Letter
dalam Surat BEI tanggal 24 Juli 2007 No. PENG-638/BEJ.PSJ/P/07-2007 dated
No. PENG-638/BEJ.PSJ/P/07-2007. July 24, 2007.
Peningkatan modal dasar Perusahaan Increase in the authorized capital from
yang semula Rp416.000.000 menjadi Rp416,000,000 to Rp750,000,000 divided
Rp750.000.000 yang terbagi dalam into 7,500,000,000 shares at par value of
7.500.000.000 lembar saham dengan nilai Rp100 (in full Rupiah) per share.
nominal Rp100 (dalam Rupiah penuh) per
saham.
Peningkatan modal disetor melalui Increase in the subscribed capital through
mekanisme penambahan modal tanpa Hak the mechanism of increase of capital
Memesan Efek Terlebih Dahulu, melalui without rights issue, by granting share
program pemberian opsi saham kepada options to the Board of Directors,
Dewan Direksi, Komisaris selain Komisaris Commissioners other than Independent
Independen, dan karyawan kunci Commissioner and key employees of the
Perusahaan melalui Management and Company via Management and
Employees Stock Option Plan (“MESOP”) Employees Stock Option Plan (“MESOP”)
yang pertama kali diperkenalkan pada introduced initially in 2007 and concluded
tahun 2007 dan selesai pada tahun 2020. in 2020.
20
Laporan Tahunan 2025
Page 320
318 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
c. Penawaran Umum dan Aktivitas Pencatatan c. Public Offering of Shares and Corporate
Perusahaan (lanjutan) Activities of the Company (continued)
Pada tanggal 22 Desember 2009, Perusahaan On December 22, 2009, the Company
mengajukan Pernyataan Pendaftaran submitted the Registration Statement for
Penawaran Umum Terbatas II (Rights Issue II) Limited Public Offering II (Rights Issue II) to
kepada BAPEPAM-LK atas 627.658.500 lembar BAPEPAM-LK of 627,658,500 shares at par
saham dengan nilai nominal saham Rp100 value of Rp100 (in full Rupiah) per share with
(dalam Rupiah penuh) per lembar dengan harga offering price of Rp860 per share (in full
penawaran sebesar Rp860 per lembar saham Rupiah). In the offering, every shareholder
(dalam Rupiah penuh). Dalam penawaran holding five shares was entitled to buy one
tersebut, setiap pemegang saham yang memiliki new share. The Company has obtained the
lima lembar saham berhak membeli satu saham notice of effectivity from the Chairman of
yang ditawarkan. Perusahaan telah memperoleh BAPEPAM-LK in his Letter No. S-489/BL/2010
pernyataan efektif dari Ketua BAPEPAM-LK dated January 20, 2010. The notice is
melalui suratnya No. S-489/BL/2010 tertanggal effective after the approval from the
20 Januari 2010. Pernyataan tersebut shareholders through their Extraordinary
dinyatakan efektif setelah persetujuan dari para General Meeting held on January 21, 2010.
pemegang saham melalui Rapat Umum These shares have been listed on the IDX
Pemegang Saham Luar Biasa pada tanggal since February 2010.
21 Januari 2010. Saham tersebut telah
didaftarkan di BEI sejak bulan Februari 2010.
Penerimaan neto dari Rights Issue II terhadap The net proceeds from the Rights Issue II,
biaya-biaya sehubungan dengan pengeluaran after netting off with related share issuance
saham, sebesar Rp531.529.220 digunakan costs, amounting to Rp531,529,220 were
untuk pembangunan tambahan fasilitas terminal used for the construction of additional tank
tangki dan dermaga di berbagai lokasi dan untuk terminal facilities and jetty in various locations
keperluan modal kerja umum sehubungan and general working capital requirements in
dengan peningkatan kebutuhan persediaan relation to the increase of the Company’s
Perusahaan sejalan dengan peningkatan inventories in line with the increase of
kegiatan operasional sesuai dengan Prospektus operational activities in accordance with the
yang diterbitkan pada saat Rights Issue. Prospectus issued during the Rights Issue.
Pada tanggal 20 Desember 2021, para On December 20, 2021, the shareholders
pemegang saham menyetujui pemecahan approved the stock split which resulted in the
saham (stock split) yang menurunkan nilai par value of the shares being reduced from
nominal saham dari Rp100 (dalam Rupiah Rp100 (in full Rupiah) to Rp20 (in full Rupiah)
penuh) menjadi Rp20 (dalam Rupiah penuh) per per share. As a result of the stock split, the
saham. Pemecahan saham tersebut authorized share capital increased from initial
meningkatkan jumlah saham dasar semula dari 7,500,000,000 shares to 37,500,000,000
7.500.000.000 saham menjadi 37.500.000.000 shares and issued and fully paid shares
saham dan jumlah saham ditempatkan dan increased from 4,014,694,920 shares to
disetor penuh dari semula 4.014.694.920 saham 20,073,474,600 shares. In accordance with
menjadi 20.073.474.600 saham. Sesuai dengan the Letter No. S-10033/BEI.PP2/12-2021
Surat No. S-10033/BEI.PP2/12-2021 tanggal dated December 28, 2021 from the IDX,
28 Desember 2021 dari BEI, terhitung mulai effective on January 12, 2022, all of the
tanggal 12 Januari 2022, seluruh saham Company’s outstanding shares totaling
Perusahaan yang beredar sebanyak 20,073,474,600 shares at a par value of Rp20
20.073.474.600 lembar saham dengan nilai (in full Rupiah) per share were listed on the
nominal Rp20 (dalam Rupiah penuh) per saham IDX.
telah dicatatkan pada BEI.
21
Laporan Tahunan 2025
Page 321
The original consolidated financial statements included herein 319
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
1. UMUM (lanjutan) 1. GENERAL (continued)
d. Tanggal Penyelesaian Laporan Keuangan d. Completion Date of the Consolidated
Konsolidasian Financial Statements
Manajemen Perusahaan bertanggung jawab The management of the Company is
atas penyusunan laporan keuangan responsible for the preparation of the
konsolidasian yang diotorisasi untuk diterbitkan consolidated financial statements which were
pada tanggal 18 Maret 2026. authorized for issue on March 18, 2026.
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL POLICIES INFORMATION
a. Dasar Penyajian Laporan Keuangan a. Basis of Presentation of the Consolidated
Konsolidasian Financial Statements
Laporan keuangan konsolidasian telah disusun The consolidated financial statements have
sesuai dengan Standar Akuntansi Keuangan di been prepared in accordance with Indonesian
Indonesia (“SAK”), yang mencakup Pernyataan Financial Accounting Standards (“SAK”),
dan Interpretasi yang dikeluarkan oleh Dewan which comprise the Statements and
Standar Akuntansi Keuangan Ikatan Akuntan Interpretations issued by the Financial
Indonesia (“DSAK IAI”) dan Peraturan-Peraturan Accounting Standards Board of the Institute of
serta Pedoman Penyajian dan Pengungkapan Indonesia Chartered Accountants (Dewan
Laporan Keuangan yang diterbitkan oleh Standar Akuntansi Keuangan Ikatan Akuntan
Otoritas Jasa Keuangan (“OJK”). Indonesia or “DSAK IAI”) and the Regulations
and Guidelines on Financial Statement
Presentation and Disclosures issued by
Financial Services Authority (Otoritas Jasa
Keuangan or “ OJK”).
Dasar penyusunan laporan keuangan The consolidated financial statements, except
konsolidasian, kecuali untuk laporan arus kas for the consolidated statements of cash flows,
konsolidasian, adalah dasar akrual. Laporan are prepared under the accrual basis of
keuangan konsolidasian tersebut disusun accounting. The measurement basis used is
berdasarkan biaya historis, kecuali beberapa the historical cost, except for certain accounts
akun tertentu disusun berdasarkan pengukuran which are measured on the bases described in
lain sebagaimana diuraikan dalam kebijakan the related accounting policies.
akuntansi masing-masing akun tersebut.
Laporan arus kas konsolidasian disusun The consolidated statements of cash flows
dengan menggunakan metode langsung dengan are prepared using the direct method with
mengelompokkan arus kas dalam aktivitas classifications of cash flows into operating,
operasi, investasi dan pendanaan. investing and financing activities.
Kebijakan akuntansi yang diterapkan oleh The accounting policies adopted by the Group
Kelompok Usaha adalah selaras bagi tahun yang are consistently applied for the years covered
dicakup oleh laporan keuangan konsolidasian, by the consolidated financial statements,
kecuali untuk standar akuntansi baru dan revisi except for new and revised accounting
seperti diungkapkan pada Catatan 2z dibawah standards as disclosed in the following
ini. Note 2z.
Kelompok Usaha telah menyusun laporan The Group has prepared the consolidated
keuangan konsolidasian dengan dasar bahwa financial statements on the basis that it will
Kelompok Usaha akan terus beroperasi secara continue to operate as a going concern.
berkesinambungan.
22
Laporan Tahunan 2025
Page 322
320 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasian b. Principles of Consolidation
Laporan keuangan konsolidasian meliputi laporan The consolidated financial statements
keuangan Perusahaan dan entitas-entitas anak. comprise the financial statements of the
Kendali diperoleh bila Kelompok Usaha terekspos Company and its subsidiaries. Control is
atau memiliki hak atas imbal hasil variabel dari achieved when the Group is exposed, or has
keterlibatannya dengan investee dan memiliki rights, to variable returns from its involvement
kemampuan untuk mempengaruhi imbal hasil with the investee and has the ability to affect
tersebut melalui kekuasaannya atas investee. those returns through its power over the
Dengan demikian, Kelompok Usaha investee. Thus, the Group controls an investee
mengendalikan investee jika dan hanya jika if and only if the Group has all of the following:
Kelompok Usaha memiliki seluruh hal berikut ini:
i) Kekuasaan atas investee, yaitu hak yang ada i) Power over the investee, that is existing
saat ini yang memberi Kelompok Usaha rights that give the Group current ability to
kemampuan kini untuk mengarahkan aktivitas direct the relevant activities of the
relevan dari investee, investee,
ii) Eksposur atau hak atas imbal hasil variabel ii) Exposure, or rights, to variable returns
dari keterlibatannya dengan investee, dan from its involvement with the investee, and
iii) Kemampuan untuk menggunakan iii) The ability to use its power over the
kekuasaannya atas investee untuk investee to affect its returns.
mempengaruhi jumlah imbal hasil.
Bila Kelompok Usaha tidak memiliki hak suara When the Group has less than a majority of the
atau hak serupa secara mayoritas atas suatu voting or similar rights of an investee, the
investee, Kelompok Usaha mempertimbangkan Group considers all relevant facts and
semua fakta dan keadaan yang relevan dalam circumstances in assessing whether it has
mengevaluasi apakah mereka memiliki kekuasaan power over an investee, including:
atas investee, termasuk:
i) Pengaturan kontraktual dengan pemilik hak i) The contractual arrangement with the other
suara lainnya dari investee, vote holders of the investee,
ii) Hak yang timbul atas pengaturan kontraktual ii) Rights arising from other contractual
lain, dan arrangements, and
iii) Hak suara dan hak suara potensial yang iii) The Group's voting rights and potential
dimiliki Kelompok Usaha. voting rights.
Kelompok Usaha menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan investee bila fakta dan keadaan controls an investee if facts and circumstances
mengindikasikan adanya perubahan terhadap indicate that there are changes to one or more
satu atau lebih dari ketiga elemen dari of the three elements of control. Consolidation
pengendalian. Konsolidasi atas entitas-entitas of subsidiaries begins when the Group obtains
anak dimulai sejak Kelompok Usaha memperoleh control over the subsidiary and ceases when
pengendalian atas entitas anak dan berakhir pada the Group loses control of the subsidiary.
saat Kelompok Usaha kehilangan pengendalian Assets, liabilities, income and expenses of a
atas entitas anak. Aset, liabilitas, penghasilan dan subsidiary acquired during the year are
beban dari entitas anak yang diakuisisi pada tahun included in the consolidated financial
tertentu disertakan dalam laporan keuangan statements from the date the Group gains
konsolidasian sejak tanggal Kelompok Usaha control until the date the Group ceases to
memperoleh kendali sampai tanggal Kelompok control the subsidiary.
Usaha tidak lagi mengendalikan entitas anak
tersebut.
23
Laporan Tahunan 2025
Page 323
The original consolidated financial statements included herein 321
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
b. Prinsip-prinsip Konsolidasian (lanjutan) b. Principles of Consolidation (continued)
Seluruh laba rugi dan setiap komponen Profit or loss and each component of other
penghasilan komprehensif lain (“PKL”) comprehensive income (“OCI”) are attributed
diatribusikan pada pemilik entitas induk dan pada to the equity holders of the parent of the Group
kepentingan nonpengendali (“KNP”), walaupun hal and to the non-controlling interests (“NCI”),
ini akan menyebabkan saldo KNP yang defisit. Bila even if this results in the NCI having a deficit
dipandang perlu, penyesuaian dilakukan terhadap balance. When necessary, adjustments are
laporan keuangan entitas anak untuk diselaraskan made to the financial statements of
dengan kebijakan akuntansi Kelompok Usaha. subsidiaries to bring their accounting policies
into line with the Group’s accounting policies.
Seluruh aset dan liabilitas, ekuitas, penghasilan All intra-group assets and liabilities, equity,
dan beban dan arus kas atas transaksi antar income, expenses and cash flows relation to
anggota Kelompok Usaha dieliminasi sepenuhnya transactions between members of the Group
pada saat konsolidasi. are eliminated in full on consolidation.
Perubahan dalam bagian kepemilikan entitas A change in the parent’s ownership interest in
induk pada entitas anak yang tidak mengakibatkan a subsidiary, without a loss of control, is
hilangnya pengendalian, dicatat sebagai transaksi accounted for as an equity transaction. If the
ekuitas. Bila kehilangan pengendalian atas Group loses control over a subsidiary, it
suatu entitas anak, maka Kelompok Usaha derecognizes the related assets (including
menghentikan pengakuan atas aset (termasuk goodwill), liabilities, NCI, and other
goodwill), liabilitas dan komponen lain dari ekuitas components of equity, while the difference is
terkait, dan selisihnya diakui pada laba rugi. recognized in the profit or loss. Any investment
Bagian dari investasi yang tersisa diakui pada nilai retained is recognized at fair value.
wajar.
c. Transaksi dan Penjabaran Laporan Keuangan c. Foreign Currency Transactions and
dalam Mata Uang Asing Translation
Mata uang pelaporan yang digunakan pada The reporting currency used in the
laporan keuangan konsolidasian adalah Rupiah, consolidated financial statements is Indonesian
yang juga merupakan mata uang fungsional Rupiah, which is also each entity’s in the Group
setiap entitas dalam Kelompok Usaha, kecuali functional currency, except for certain
entitas anak tertentu, yaitu JTT dan CPIT yang subsidiaries, namely JTT and CPIT whose
memiliki mata uang fungsional Dolar Amerika functional currency is United States Dollar (“US
Serikat (“Dolar AS”). Tiap entitas dalam Kelompok Dollar”). Each entity in the Group determines its
Usaha menentukan mata uang fungsionalnya own functional currency and their financial
masing-masing dan laporan keuangannya statements are measured using that functional
masing-masing diukur menggunakan mata uang currency.
fungsional tersebut.
24
Laporan Tahunan 2025
Page 324
322 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
c. Transaksi dan Penjabaran Laporan Keuangan c. Foreign Currency Transactions and
dalam Mata Uang Asing (lanjutan) Translation (continued)
Untuk tujuan penyajian laporan keuangan For consolidation purposes, the accounts of
konsolidasian, akun-akun Entitas Anak tersebut those Subsidiaries are translated into Rupiah
dijabarkan ke dalam Rupiah dengan using the following mechanism:
menggunakan mekanisme berikut:
aset dan liabilitas dijabarkan dengan assets and liabilities are translated using
menggunakan kurs pada tanggal pelaporan; exchange rate at reporting date;
pendapatan dan beban dijabarkan dengan revenues and expenses are translated at
menggunakan kurs rata-rata periode the average rates of exchange for the
berjalan; period;
akun ekuitas dijabarkan dengan equity accounts are translated at
menggunakan kurs historis; dan historical rates; and
selisih kurs yang terjadi disajikan pada akun any resulting foreign exchange is
“Selisih Kurs karena Penjabaran Laporan presented as “Exchange Difference Due
Keuangan” di ekuitas. to Translation of Financial Statements” in
the equity.
Transaksi dalam mata uang asing dicatat dalam Transactions involving foreign currencies are
Rupiah berdasarkan kurs yang berlaku pada saat recorded in Indonesian Rupiah at the rates of
transaksi dilakukan. Pada tanggal pelaporan, exchange prevailing at the time the
aset dan liabilitas moneter dalam mata uang transactions are made. At the reporting date,
asing dijabarkan sesuai dengan rata-rata kurs jual monetary assets and liabilities denominated in
dan beli yang diterbitkan oleh Bank Indonesia foreign currencies are adjusted to reflect the
pada tanggal transaksi perbankan terakhir untuk average of the selling and buying rates of
periode yang bersangkutan, dan laba atau rugi exchange prevailing at the last banking
kurs yang timbul, dikreditkan atau dibebankan transaction date of the period, as published by
pada operasi periode yang bersangkutan. Bank Indonesia, and any resulting gains or
losses are credited or charged to operations of
the current period.
Pada tanggal 31 Desember 2025, nilai tukar yang At December 31, 2025, the rate of exchange
digunakan untuk Dolar Amerika Serikat (“US$”), used for United States Dollar (“US$”), refer to
mengacu pada Jakarta Interbank Spot Dollar Jakarta Interbank Spot Dollar Rate
Rate (“JISDOR”) 1 US$ adalah sebesar (“JISDOR”), 1 US$ was Rp16,782 (2024:
Rp16.782 (2024: Rp16.162). Rp16,162).
Transaksi dalam mata uang asing selain Transactions in foreign currencies other than
Dolar AS adalah tidak signifikan. US Dollar are not significant.
d. Transaksi Pihak Berelasi d. Transactions with Related Parties
Kelompok Usaha memiliki transaksi dengan The Group has transactions with related
pihak berelasi sebagaimana yang didefinisikan parties as defined under PSAK 224, “Related
dalam PSAK 224, “Pengungkapan Pihak-pihak Party Disclosures”.
Berelasi”.
Transaksi ini dilakukan berdasarkan persyaratan The transactions are made based on terms
yang disetujui oleh kedua belah pihak, yang agreed by the parties, which may not be the
mungkin tidak sama dengan transaksi lain yang same as those made with unrelated parties.
dilakukan dengan pihak-pihak yang tidak
berelasi.
Transaksi yang signifikan dengan pihak-pihak Significant transactions with related parties
berelasi telah diungkapkan dalam Catatan 31. are disclosed in Note 31.
25
Laporan Tahunan 2025
Page 325
The original consolidated financial statements included herein 323
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
d. Transaksi Pihak Berelasi (lanjutan) d. Transactions with Related Parties
(continued)
Kecuali diungkapkan khusus sebagai pihak Unless specifically identified as related
berelasi, maka pihak-pihak lain yang disebutkan parties, the parties disclosed in the Notes to
dalam Catatan atas laporan keuangan the consolidated financial statements are
konsolidasian merupakan pihak tidak berelasi. unrelated parties.
e. Kas dan Setara Kas e. Cash and Cash Equivalents
Kas dan setara kas dalam laporan posisi Cash and cash equivalents in the consolidated
keuangan konsolidasian terdiri dari kas, bank statement of financial position comprise cash
dan deposito jangka pendek dengan jangka on hand and in banks and short-term deposits
waktu jatuh tempo antara 3 (tiga) bulan atau with an original maturity of 3 (three) months or
kurang pada saat penempatan dan tidak dibatasi less at the time of placements and not
penggunaannya, yang dapat segera restricted to use, that are readily convertible to
dikonversikan menjadi kas dalam jumlah yang a known amount of cash and which are subject
dapat ditentukan dan mana yang memiliki risiko to an insignificant risk of changes in value.
tidak signifikan dari perubahan nilai.
f. Persediaan f. Inventories
Persediaan dinyatakan sebesar nilai terendah Inventories are stated at the lower of cost or
antara biaya perolehan atau nilai realisasi neto. net realizable value. Cost is determined using
Biaya perolehan ditentukan dengan metode first- first-in first-out (“FIFO”) method, except for
in first-out (“FIFO”), kecuali untuk persediaan certain chemical product inventory which uses
produk kimia tertentu yang menggunakan the weighted-average method. Allowance for
metode rata-rata tertimbang (weighted-average inventory obsolescence and decline in the
method). Penyisihan atas persediaan usang dan value of inventories, if any, is provided to
penurunan nilai persediaan, jika ada, dibentuk reduce the carrying value of inventories to their
untuk mengurangi nilai tercatat persediaan net realizable value.
menjadi nilai realisasi neto.
Nilai realisasi neto adalah estimasi nilai jual Net realizable value is the estimated selling
dalam transaksi usaha normal dikurangi dengan price in the ordinary course of business, less
estimasi biaya untuk penyelesaian dan biaya estimated costs of completion and costs
untuk menjual produk yang bersangkutan. necessary to make the sale.
Nilai persediaan terdiri dari seluruh nilai Cost of inventories comprises purchase costs
pembelian dan biaya terkait untuk memproses and the related processing costs incurred in
sampai dengan persediaan berada dalam bringing the inventories to their present
kondisi dan tempat yang siap digunakan atau location and condition.
dijual.
g. Biaya Dibayar di Muka g. Prepaid Expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortized over their
manfaat masing-masing biaya dengan beneficial periods using the straight-line
menggunakan metode garis lurus. method.
26
Laporan Tahunan 2025
Page 326
324 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
h. Investasi pada Entitas Asosiasi h. Investments in Associates
Entitas asosiasi adalah entitas yang terhadapnya An associate is an entity over which the Group
Kelompok Usaha memiliki pengaruh signifikan. has significant influence. Significant influence
Pengaruh signifikan adalah kekuasaan untuk is the power to participate in the financial and
berpartisipasi dalam keputusan kebijakan policy decisions of the investee, but is not
keuangan dan operasional investee, tetapi tidak control or joint control over those policies.
mengendalikan atau mengendalikan bersama
atas kebijakan tersebut.
Pertimbangan yang dibuat dalam menentukan The considerations made in determining
pengaruh signifikan adalah serupa dengan hal- significant influence are similar to those
hal yang diperlukan dalam menentukan kendali necessary to determine control over
atas entitas anak. subsidiaries.
Investasi Kelompok Usaha pada entitas asosiasi The Group’s investment in its associate is
dicatat dengan menggunakan metode ekuitas. accounted for using the equity method. Under
Dalam metode ekuitas, investasi awalnya diakui the equity method, the investment in an
pada harga perolehan. Nilai tercatat investasi associate is initially recognized at cost. The
disesuaikan untuk mengakui perubahan bagian carrying amount of the investment is adjusted
Kelompok Usaha atas aset neto entitas asosiasi to recognize changes in the Group’s share of
sejak tanggal perolehan. net assets of the associate since the
acquisition date.
Laporan laba rugi dan penghasilan komprehensif The consolidated statements of profit or loss
lain konsolidasian mencerminkan bagian and other comprehensive income reflect the
Kelompok Usaha atas hasil operasi dari entitas Group’s share of the results of operations of
asosiasi. Bila terdapat perubahan yang diakui the associates. Where there has been a
langsung pada ekuitas dari entitas asosiasi, change recognized directly in the equity of the
Kelompok Usaha mengakui bagiannya atas associates, the Group recognizes its share of
perubahan tersebut dan mengungkapkan hal ini, any such changes and discloses this, when
jika relevan dalam laporan perubahan ekuitas. applicable, in the statement of changes in
Laba atau rugi yang belum direalisasi sebagai equity. Unrealized gains and losses resulting
hasil dari transaksi-transaksi antara Kelompok from transactions between the Group and the
Usaha dengan entitas asosiasi dieliminasi pada associate are eliminated to the extent of the
jumlah sesuai dengan kepentingan Kelompok Group’s interest in those associates.
Usaha dalam entitas asosiasi.
Gabungan bagian Kelompok Usaha atas laba The aggregate of the Group’s share of profit or
rugi entitas asosiasi disajikan pada muka laporan loss of an associate is shown on the face of
laba rugi dan penghasilan komprehensif lain the consolidated statement of profit or loss and
konsolidasian (sebagai laba atau rugi) di luar other comprehensive income (as profit or loss)
laba usaha dan mencerminkan laba atau rugi outside operating profit and represents profit
setelah pajak dan kepentingan nonpengendali or loss after tax and NCI in the subsidiaries of
pada entitas anak dari entitas asosiasi. the associate.
Laporan keuangan entitas asosiasi disusun atas The financial statements of the associates are
periode pelaporan yang sama dengan Kelompok prepared for the same reporting period as the
Usaha. Group.
27
Laporan Tahunan 2025
Page 327
The original consolidated financial statements included herein 325
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
h. Investasi pada Entitas Asosiasi (lanjutan) h. Investments in Associates (continued)
Kelompok Usaha menentukan apakah The Group determines whether it is necessary
diperlukan untuk mengakui tambahan rugi to recognize an additional impairment loss on
penurunan nilai atas investasi Kelompok Usaha the Group’s investments in its associates. The
dalam entitas asosiasi. Kelompok Usaha Group determines at each reporting date
menentukan pada setiap tanggal pelaporan whether there is any objective evidence that
apakah terdapat bukti yang obyektif yang the investments in the associates are
mengindikasikan bahwa investasi dalam entitas impaired. If this is the case, the Group
asosiasi mengalami penurunan nilai. Dalam hal calculates the amount of impairment as the
ini, Kelompok Usaha menghitung jumlah difference between the recoverable amounts
penurunan nilai berdasarkan selisih antara of the investments in associates and their
jumlah terpulihkan atas investasi dalam entitas carrying values and recognizes the amount in
asosiasi dan nilai tercatatnya dan mengakuinya profit or loss.
dalam laba rugi.
Pada saat kehilangan pengaruh signifikan atas Upon loss of significant influence over the
entitas asosiasi, Kelompok Usaha mengukur dan associate, the Group measures and
mengakui bagian investasi tersisa pada nilai recognizes any retained investment at its fair
wajar. Selisih antara nilai tercatat entitas asosiasi value. Any difference between the carrying
dan nilai wajar investasi yang tersisa dan amount of the associate and the fair value of
penerimaan dari pelepasan investasi diakui pada the retained investment and proceeds from
laba rugi. disposal is recognized in profit or loss.
i. Aset Tetap i. Property, Plant and Equipment
Aset tetap dinyatakan sebesar biaya perolehan Property, plant and equipment are stated at
dikurangi akumulasi penyusutan dan rugi cost less accumulated depreciation and
penurunan nilai. Biaya perolehan termasuk biaya impairment losses. Such costs include the
penggantian bagian aset tetap saat biaya cost of replacing part of the property, plant and
tersebut terjadi, jika memenuhi kriteria equipment when that cost is incurred, if the
pengakuan. Selanjutnya, pada saat inspeksi recognition criteria are met. Likewise, when
yang signifikan dilakukan, biaya inspeksi itu a major inspection is performed, its cost is
diakui ke dalam jumlah tercatat (“carrying recognized in the carrying amount of the
amount”) aset tetap sebagai suatu penggantian property, plant and equipment as
jika memenuhi kriteria pengakuan. Semua biaya a replacement if the recognition criteria are
perbaikan dan pemeliharaan yang tidak satisfied. All other repairs and maintenance
memenuhi kriteria pengakuan diakui dalam laba costs that do not meet the recognition criteria
rugi pada saat terjadinya. are recognized in profit or loss as incurred.
Penyusutan dihitung dengan menggunakan Depreciation is computed using the straight-
metode garis lurus berdasarkan estimasi masa line method based on the estimated useful
manfaat ekonomis aset tetap sebagai berikut: lives of the property, plant and equipment as
follows:
Tahun/ Persentase/
Years Percentage
Bangunan, dermaga, gudang dan Buildings, jetty, warehouses and
tangki penyimpanan 5-24 4,2%-20,0% storage tanks
Mesin dan peralatan 3-20 5,0%-33,3% Machineries and equipment
Peralatan gudang dan peralatan Warehouse and port
pembongkaran di pelabuhan 5-20 5,0%-20,0% handling equipment
Kendaraan 2-10 10,0%-50,0% Vehicles
Pengembangan gedung yang
disewa dan renovasi gedung 5-20 5,0%-20,0% Leasehold and building improvements
Peralatan kantor 3-10 10,0%-33,3% Office equipment
Kapal 20-30 3,3%-5,0% Vessels
28
Laporan Tahunan 2025
Page 328
326 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Beban pemeliharaan dan perbaikan Repairs and maintenance expenses are taken
dibebankan pada laba rugi pada saat terjadinya. to the profit or loss when they are incurred.
Beban pemugaran dan penambahan dalam The cost of major renovation and restoration is
jumlah besar dikapitalisasi kepada jumlah included in the carrying amount of the related
tercatat aset terkait bila besar kemungkinan asset when it is probable that future economic
bagi Kelompok Usaha manfaat ekonomi masa benefits in excess of the originally assessed
depan menjadi lebih besar dari standar kinerja standard of performance of the existing asset
awal yang ditetapkan sebelumnya dan will flow to the Group and is depreciated over
disusutkan sepanjang sisa masa manfaat aset the remaining useful life of the related asset.
terkait.
Tanah termasuk biaya pengurusan legal hak Land, including legal cost of land rights in the
atas tanah dalam bentuk Hak Guna Usaha form of Right to Cultivate (“Hak Guna Usaha”
(“HGU”), Hak Guna Bangunan (“HGB”) dan Hak or “HGU”), Right to Build (“Hak Guna
Pakai (“HP”) ketika tanah diperoleh pertama kali Bangunan” or “HGB”) and Right to Use
dinyatakan sebesar biaya perolehan dan tidak (“Hak Pakai” or “HP”) when the land rights
diamortisasi karena manajemen berpendapat were acquired initially, is stated at cost and not
bahwa kemungkinan besar hak atas tanah amortized as the management is of the opinion
tersebut dapat diperbaharui/diperpanjang pada that it is probable the titles of land rights can
saat masa berlakunya selesai. be renewed/extended upon expiration.
Biaya pengurusan atas perpanjangan atau The extension or the legal renewal costs of
pembaruan legal hak atas tanah dalam bentuk land rights in the form of HGU, HGB and HP
HGU, HGB dan HP ditangguhkan dan are deferred and amortized over the shorter
diamortisasi yang lebih pendek antara umur between the land rights' legal life and the
hukum hak atas tanah dan umur ekonomi tanah, economic life of the land, and presented as
dan disajikan sebagai bagian dari akun “Aset part of “Other Non-current Assets” account
Tidak Lancar Lainnya” pada laporan posisi in the consolidated statement of financial
keuangan konsolidasian. position.
Bila nilai tercatat suatu aset melebihi taksiran When the carrying amount of an asset
jumlah yang dapat diperoleh kembali (estimated exceeds its estimated recoverable amount,
recoverable amount) maka nilai tersebut the asset is written down to its estimated
diturunkan ke jumlah yang dapat diperoleh recoverable amount, which is determined as
kembali tersebut, yang ditentukan sebagai nilai the higher of net selling price or value in use
tertinggi antara harga jual neto atau nilai pakai (Note 2u).
(Catatan 2u).
Jumlah tercatat aset tetap dihentikan An item of property, plant and equipment is
pengakuannya pada saat dilepaskan atau saat derecognized upon disposal or when no future
tidak ada manfaat ekonomis masa depan yang economic benefits are expected from its use or
diharapkan dari penggunaan atau disposal. Any gain or loss arising on
pelepasannya. Laba atau rugi yang timbul dari derecognition of the asset (calculated as the
penghentian pengakuan aset (dihitung sebagai difference between the net disposal proceeds
perbedaan antara jumlah neto hasil pelepasan and the carrying amount of the asset) is
dan jumlah tercatat dari aset) dimasukkan dalam included in profit or loss in the year the asset
laba rugi pada tahun aset tersebut dihentikan is derecognized.
pengakuannya.
Pada setiap akhir tahun buku, nilai residu, umur The assets’ residual values, useful lives and
manfaat dan metode penyusutan di-reviu, dan methods of depreciation are reviewed, and
jika sesuai dengan keadaan, disesuaikan secara adjusted prospectively if appropriate, at each
prospektif. financial year end.
29
Laporan Tahunan 2025
Page 329
The original consolidated financial statements included herein 327
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
i. Aset Tetap (lanjutan) i. Property, Plant and Equipment (continued)
Aset tetap dalam penyelesaian dicatat sebesar Constructions in-progress are stated at cost,
biaya perolehan, yang mencakup kapitalisasi including capitalized borrowing costs and
beban pinjaman dan biaya-biaya lainnya yang other charges incurred in connection with the
terjadi sehubungan dengan pendanaan aset financing of the said asset constructions. The
tetap dalam penyelesaian tersebut. Akumulasi accumulated costs will be reclassified to the
biaya perolehan akan direklasifikasi ke akun appropriate “Property, Plant and Equipment”
“Aset Tetap” yang bersangkutan pada saat aset account when the construction is completed.
tetap tersebut telah selesai dikerjakan dan siap Assets under construction are not depreciated
untuk digunakan. Aset tetap dalam penyelesaian until they fulfill criteria for recognition as
tidak disusutkan sampai memenuhi syarat property, plant and equipment as disclosed
pengakuan sebagai aset tetap seperti above.
diungkapkan di atas.
Kapitalisasi Biaya Pinjaman Capitalization of Borrowing Costs
Biaya pinjaman terdiri dari beban bunga dan Borrowing costs consist of interest expenses
biaya lain yang ditanggung Kelompok Usaha and other financing charges that the Group
sehubungan dengan peminjaman dana. Biaya incurs in connection with the borrowing funds.
pinjaman yang dapat diatribusikan langsung Borrowing costs that are directly attributable to
dengan perolehan, pembangunan atau the acquisition, construction or production of
pembuatan aset kualifikasian dikapitalisasi a qualifying asset are capitalized as part of the
sebagai bagian biaya perolehan aset tersebut. cost of the related asset. All other borrowing
Biaya pinjaman lainnya diakui sebagai beban costs are recognized as expenses when
pada saat terjadi. incurred.
Kapitalisasi biaya pinjaman dimulai pada saat Capitalization of borrowing costs commences
aktivitas yang diperlukan untuk mempersiapkan when the activities to prepare the qualifying
aset agar dapat digunakan sesuai dengan asset for its intended use are in progress and
maksudnya, dan pengeluaran untuk aset the expenditures for the qualifying asset and
kualifikasian dan biaya pinjamannya telah terjadi. the borrowing costs have been incurred.
Kapitalisasi biaya pinjaman dihentikan pada saat Capitalization of borrowing costs ceases when
selesainya secara substansi seluruh aktivitas substantially all the activities necessary to
yang diperlukan untuk mempersiapkan aset prepare the qualifying assets are completed
kualifikasian agar dapat digunakan sesuai for their intended use.
dengan maksudnya.
j. Sewa j. Leases
Pada tanggal permulaan kontrak, Kelompok At the inception of a contract, the Group
Usaha menilai apakah kontrak merupakan, atau assesses whether the contract is, or contains,
mengandung, sewa. Suatu kontrak merupakan a lease. A contract is or contains a lease if the
atau mengandung sewa jika kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified assets for a period of time in
penggunaan aset identifikasian selama suatu exchange for consideration.
jangka waktu untuk dipertukarkan dengan
imbalan.
30
Laporan Tahunan 2025
Page 330
328 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Penyewa The Group as Lessee
Kelompok Usaha menerapkan pendekatan The Group applies a single recognition and
pengakuan dan pengukuran tunggal untuk measurement approach for all leases, except
semua sewa, kecuali untuk sewa jangka pendek for short-term leases and leases of low-value
dan sewa aset bernilai rendah. Kelompok Usaha assets. The Group recognizes lease liabilities
mengakui liabilitas sewa untuk melakukan to make lease payments and right-of-use
pembayaran sewa dan aset hak-guna yang assets representing the right to use the
mewakili hak untuk menggunakan aset underlying assets.
pendasar.
Aset hak-guna Right-of-use assets
Pada tanggal permulaan sewa, Kelompok Usaha The Group recognizes a right-of-use asset and
mengakui aset hak-guna dan liabilitas sewa. a lease liability at the lease commencement
Aset hak-guna diukur pada biaya perolehan, date. The right-of-use asset is initially
dimana meliputi jumlah pengukuran awal measured at cost, which comprises the initial
liabilitas sewa yang disesuaikan dengan amount of the lease liability adjusted for any
pembayaran sewa yang dilakukan pada atau lease payment made at or before the
sebelum tanggal permulaan, ditambah dengan commencement date, plus any initial direct
biaya langsung awal yang dikeluarkan dan cost incurred and an estimate of costs to
estimasi biaya yang akan dikeluarkan untuk dismantle and remove the underlying asset or
membongkar dan memindahkan aset pendasar to restore the underlying asset to the condition
atau untuk merestorasi aset pendasar sesuai required by the terms and conditions of the
kondisi yang disyaratkan dan ketentuan sewa, lease, less any lease incentives received.
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
permulaan hingga tanggal yang lebih awal from the commencement date to the earlier of
antara akhir umur manfaat aset hak-guna atau the end of the useful life of the right-of-use
akhir masa sewa. asset or the end of the lease term.
Tahun/
Years
Tanah 5-30 Land
Bangunan dan tangki 2-5 Building and tanks
Kendaraan 2 Vehicles
Jika sewa mengalihkan kepemilikan aset If the lease transfers the ownership of the
pendasar kepada Kelompok Usaha pada akhir underlying asset to the Group by the end of the
masa sewa atau jika biaya perolehan aset hak- lease term or if the cost of the right-of-use
guna merefleksikan Kelompok Usaha akan asset reflects that the Group will exercise
mengeksekusi opsi beli, maka Kelompok Usaha a purchase option, the Group depreciates the
menyusutkan aset hak-guna dari tanggal right-of-use asset from the commencement
permulaan hingga akhir umur manfaat aset date to the end of the useful life of the
pendasar. Jika tidak, maka Kelompok Usaha underlying asset. Otherwise, the Group
menyusutkan aset hak-guna dari tanggal depreciates the right-of-use asset from the
permulaan hingga tanggal yang lebih awal 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. Aset hak-guna juga dievaluasi end of the lease term. The right-of-use assets
untuk penurunan nilai (Catatan 2u). are also assessed for impairment (Note 2u).
31
Laporan Tahunan 2025
Page 331
The original consolidated financial statements included herein 329
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Penyewa (lanjutan) The Group as Lessee (continued)
Liabilitas sewa Lease liabilities
Pada tanggal permulaan sewa, Kelompok Usaha At the commencement date of the lease, the
mengakui liabilitas sewa yang diukur pada nilai Group recognizes lease liabilities measured at
kini pembayaran sewa yang harus dilakukan the present value of lease payments to be
selama masa sewa. made over the lease term.
Pembayaran sewa juga mencakup harga The lease payments also include the exercise
pelaksanaan dari opsi beli yang secara wajar price of a purchase option reasonably certain
pasti dilaksanakan oleh Kelompok Usaha dan to be exercised by the Group and payments of
pembayaran pinalti untuk mengakhiri sewa, jika penalties for terminating the lease, if the lease
masa sewa merefleksikan adanya opsi dapat term reflects exercising the option to
mengakhiri sewa. Pembayaran sewa variabel terminate. Variable lease payments that do not
yang tidak bergantung pada indeks atau tarif depend on an index or a rate are recognized
diakui sebagai beban pada periode terjadinya as expenses in the period in which the event
peristiwa atau kondisi yang memicu terjadinya or condition that triggers the payment occurs.
pembayaran tersebut.
Dalam menghitung nilai kini pembayaran sewa, In calculating the present value of lease
Kelompok Usaha menggunakan Suku Bunga payments, the Group uses its Incremental
Pinjaman Inkremental (“SBPI”) pada tanggal Borrowing Rate (“IBR”) at the lease
permulaan sewa karena suku bunga implisit commencement date because the interest rate
dalam sewa tidak dapat langsung ditentukan. implicit in the lease is not readily determinable.
Setelah tanggal permulaan, jumlah kewajiban After the commencement date, the amount of
sewa ditingkatkan untuk mencerminkan akresi lease liabilities is increased to reflect the
bunga (atas efek diskonto) dan dikurangi untuk accretion of interest and reduced for the lease
pembayaran sewa yang dilakukan. Selain itu, payments made. In addition, the carrying
nilai tercatat liabilitas sewa diukur kembali jika amount of lease liabilities is remeasured if
terdapat modifikasi, perubahan masa sewa, there is a modification, a change in the lease
perubahan pembayaran sewa, atau perubahan term, a change in the lease payments or a
penilaian atas opsi untuk membeli aset change in the assessment of an option to
pendasar. purchase the underlying asset.
Sewa jangka-pendek dan sewa dengan aset Short-term leases and leases of low-value
bernilai rendah assets
Kelompok Usaha menerapkan pengecualian The Group applies the short-term lease
pengakuan sewa jangka pendek yang memiliki recognition exemption to its leases that have a
jangka waktu sewa 12 bulan atau kurang, dari lease term of 12 months or less from the
tanggal permulaan dan tidak mengandung opsi commencement date and do not contain a
beli. Kelompok Usaha juga menerapkan purchase option. The Group also applies the
pengecualian pengakuan sewa dengan aset lease of low-value assets recognition
bernilai rendah untuk sewa yang aset exemption to leases that are considered to be
pendasarnya dianggap bernilai rendah. low value. The Group recognizes the leases
Kelompok Usaha mengakui pembayaran sewa payments associated with these short-term
atas sewa jangka pendek tersebut sebagai leases as an expense on a straight-line basis
beban dengan metode garis lurus selama masa over the lease term.
sewa.
32
Laporan Tahunan 2025
Page 332
330 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
j. Sewa (lanjutan) j. Leases (continued)
Kelompok Usaha sebagai Pesewa The Group as Lessor
Sewa di mana Kelompok Usaha tidak Leases in which the Group does not transfer
mengalihkan secara substansial seluruh risiko substantially all the risks and rewards
dan manfaat yang terkait dengan kepemilikan incidental to ownership of an asset are
suatu aset diklasifikasikan sebagai sewa classified as operating leases. Lease income
operasi. Pendapatan sewa yang timbul dicatat arising is accounted for on a straight-line basis
dengan metode garis lurus selama masa sewa over the lease terms and is included in
dan dimasukkan dalam pendapatan dalam revenue in the consolidated statement of profit
laporan laba rugi dan penghasilan komprehensif or loss and other comprehensive income due
lain konsolidasian karena sifat operasinya. Biaya to its operating nature. Initial direct costs
perolehan langsung awal yang timbul dalam incurred in negotiating and arranging an
negosiasi dan pengaturan sewa operasi operating lease are added to the carrying
ditambahkan ke nilai tercatat aset sewaan dan amount of the leased asset and recognized
diakui selama masa sewa atas dasar yang sama over the lease term on the same basis as
dengan pendapatan sewa. Sewa kontinjensi lease income. Contingent rents are
diakui sebagai pendapatan pada periode recognized as revenue in the period in which
perolehannya. they are earned.
k. Persediaan Tanah Kawasan Industri k. Industrial Estate Land Inventory
Persediaan tanah kawasan industri terdiri dari The industrial estate land consists of inventory
tanah yang siap untuk dijual, sedang dalam of land available for sale, under development
tahap pengembangan dan yang akan and land to be developed into industrial estate
dikembangkan menjadi kawasan industri yang as part of the Java Integrated Industrial and
menjadi bagian dari Kawasan Industri dan Ports Estate (“JIIPE” project) (Note 13) which
Pelabuhan Jawa Terpadu (proyek “JIIPE”) will be available for sale upon completion. The
(Catatan 13) yang akan tersedia untuk dijual land acquisition costs are stated at the lower
pada saat selesai pengembangan. Biaya-biaya of cost or net realizable value.
akuisisi tanah dinyatakan sebesar nilai yang
lebih rendah antara biaya perolehan dan nilai
realisasi neto.
Biaya perolehan tanah yang sedang The costs of land under development consist
dikembangkan meliputi biaya perolehan tanah of the costs of land for development
pengembangan (termasuk biaya praakuisisi (including relevant preacquisition costs), direct
tanah yang relevan), biaya pengembangan development costs, capitalized borrowing
langsung, kapitalisasi biaya pinjaman dan biaya costs and other indirect costs that are
tidak langsung lainnya yang dapat diatribusikan attributable to the development of such land
pada pengembangan tanah persediaan tersebut. inventory. The accumulated costs shall be
Akumulasi biaya-biaya tersebut akan transferred to land inventory available for sale
dipindahkan ke tanah yang tersedia untuk dijual or to relevant property, plant, and equipment
atau ke akun aset tetap terkait pada saat account when they are deemed to be need for
dianggap perlu untuk operasi secara internal operating internaly when the development of
pada saat pengembangan tanah telah selesai. such land has been completed.
33
Laporan Tahunan 2025
Page 333
The original consolidated financial statements included herein 331
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
k. Persediaan Tanah Kawasan Industri k. Industrial Estate Land Inventory
(lanjutan) (continued)
Biaya pinjaman, termasuk biaya pinjaman yang Borrowing costs, including those arising from
timbul dari pinjaman Kelompok Usaha yang Group’s borrowings which met the provision in
memenuhi ketentuan dalam PSAK 223 untuk PSAK 223 for such circumstances, capitalized
kondisi tersebut, yang dikapitalisasi sebagai as part of the carrying amount of land under
bagian dari nilai tercatat tanah dalam development are those relating to debts
pengembangan adalah biaya pinjaman obtained to finance the acquisition and
sehubungan dengan pinjaman yang diperoleh development of the land during the
untuk membiayai perolehan dan pengembangan development stage. Capitalization ceases
tanah selama tahap pengembangan. Kapitalisasi when the development of the land is deferred
dihentikan pada saat pengembangan proyek or postponed or when activities to develop the
ditangguhkan atau ditunda pelaksanaannya atau land for its intended use are substantially
pada saat proses pengembangan tanah tersebut completed.
sesuai dengan tujuannya secara substansial
telah selesai.
Persediaan tanah kawasan industri yang siap The industrial estate land inventory available
untuk dijual dan sedang dalam tahap for sale and under development are classified
pengembangan diklasifikasikan sebagai aset as current asset as it is intended for sale in a
lancar karena dimaksudkan untuk dijual dalam normal operation cycle while land inventory for
siklus operasi normal, sedangkan tanah yang future development is classified as part of
akan dikembangkan diklasifikasikan sebagai non-current asset.
aset tidak lancar.
l. Properti Investasi l. Investment Property
Properti investasi diukur pada biaya perolehan, Investment properties are measured at cost,
termasuk biaya transaksi. including transaction costs.
Properti investasi dihentikan pengakuannya baik Investment properties are derecognized either
saat dilepas (yaitu, pada tanggal penerima when they have been disposed of (i.e., at the
memperoleh kendali) atau ketika tidak digunakan date the recipient obtains control) or when they
lagi secara permanen dan tidak memiliki manfaat are permanently withdrawn from use and no
ekonomis masa depan yang diharapkan dari future economic benefit is expected from their
pelepasannya. Selisih antara hasil neto disposal. The difference between the net
pelepasan dan nilai tercatat aset diakui dalam disposal proceeds and the carrying amount of
laba rugi pada periode terjadinya penghentian the asset is recognized in profit or loss in the
pengakuan. Dalam menentukan jumlah imbalan period of derecognition. In determining the
dari penghentian pengakuan properti investasi, amount of consideration from the
Kelompok Usaha mempertimbangkan dampak derecognition of investment property, the
dari imbalan variabel, keberadaan komponen Group considers the effects of variable
pembiayaan yang signifikan, imbalan non-kas, consideration, existence of a significant
dan imbalan yang harus dibayar kepada pembeli financing component, non-cash consideration,
(jika ada). and consideration payable to the buyer (if
any).
34
Laporan Tahunan 2025
Page 334
332 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
l. Properti Investasi (lanjutan) l. Investment Property (continued)
Pengalihan dilakukan ke (atau dari) properti Transfers are made to (or from) investment
investasi hanya jika terdapat perubahan property only when there is a change in use.
penggunaan. Untuk pengalihan dari properti For a transfer from investment property to
investasi ke properti yang digunakan sendiri, owner-occupied property, the deemed cost for
biaya yang dianggap untuk akuntansi subsequent accounting is the fair value at the
selanjutnya adalah nilai wajar pada tanggal date of change in use. If owner-occupied
perubahan penggunaan. Jika properti yang property becomes an investment property, the
digunakan sendiri menjadi properti investasi, Group accounts for such property in
Kelompok Usaha memperhitungkan properti accordance with the policy stated under
tersebut sesuai dengan kebijakan yang property, plant and equipment up to the date
tercantum dalam aset tetap sampai dengan of change in use.
tanggal perubahan yang digunakan.
m. Biaya Emisi Saham m. Share Issuance Costs
Biaya emisi saham disajikan sebagai bagian dari Share issuance costs are presented as part of
tambahan modal disetor dan tidak disusutkan. additional paid-in capital and are not
amortized.
n. Imbalan Pasca Kerja n. Post-Employment Benefits
Perusahaan dan Entitas Anaknya di Indonesia The Company and its Subsidiaries in
memberikan imbalan pasca kerja imbalan pasti Indonesia provide defined post-employment
untuk karyawan sesuai dengan Peraturan benefits to their employees in accordance with
Perundang-undangan yang berlaku serta, the prevailing Laws and Regulation and the
peraturan Perusahaan (Catatan 28). Tidak Company’s regulation (Note 28). No funding
terdapat pendanaan yang disisihkan has been made to this defined benefit plan.
sehubungan dengan imbalan pasca kerja ini.
Kelompok Usaha menerapkan PSAK 219, The Group adopted PSAK 219,
“Imbalan Pasca Kerja” dan perhitungan imbalan “Post-Employment Benefits” and the cost of
pasca kerja menggunakan metode Projected providing post-employment benefits is
Unit Credit. Keuntungan atau kerugian aktuarial determined using the Projected Unit Credit
yang timbul diakui sebagai Penghasilan method. The actuarial gains or lossess
Komprehensif Lain dan disajikan pada bagian incurred are recognized in Other
ekuitas. Biaya jasa lalu dibebankan langsung Comprehensive Income and is presented in
pada laba rugi. the equity section. Past service cost is
recognized immediately to profit or loss.
Jumlah yang diakui sebagai kewajiban imbalan The benefit obligation recognized in the
pasti di laporan posisi keuangan konsolidasian consolidated statements of financial position
merupakan nilai kini kewajiban imbalan pasti. represents the present value of the defined
benefit obligation.
35
Laporan Tahunan 2025
Page 335
The original consolidated financial statements included herein 333
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
n. Imbalan Pasca Kerja (lanjutan) n. Post-Employment Benefits (continued)
Mulai 1 Januari 2022, berdasarkan siaran pers Starting from January 1, 2022, based on the
atas persyaratan pengatribusian imbalan pada press release regarding attribution of benefits
periode jasa sesuai PSAK 219: Imbalan Kerja, to periods of service in accordance with PSAK
Kelompok Usaha telah mengatribusikan imbalan 219: Employee Benefits, the Group attributes
tanggal ketika jasa pekerja pertama kali benefits when employee service first leads to
menghasilkan imbalan dalam program sampai benefits under the plan until the date when
dengan tanggal ketika jasa pekerja selanjutnya further employee service will lead to no
tidak akan menghasilkan jumlah imbalan yang material amount of further benefits under the
material dibawah program tersebut. plan.
o. Pembayaran berbasis saham o. Share-based payments
Karyawan yang berhak (termasuk eksekutif Eligible employees (including senior
senior) Kelompok Usaha menerima remunerasi executives) of the Group receive remuneration
dalam bentuk pembayaran berbasis saham, di in the form of share-based payments, whereby
mana karyawan memberikan jasa sebagai employees render services as consideration
imbalan dalam bentuk instrumen ekuitas for equity instruments (equity-settled
(transaksi yang diselesaikan dengan ekuitas). transactions).
Biaya transaksi yang diselesaikan dengan The cost of equity-settled transactions is
ekuitas ditentukan oleh nilai wajar pada tanggal determined by the fair value at the date when
pemberian diberikan dengan menggunakan the grant is made using an appropriate
model penilaian yang sesuai, rincian lebih lanjut valuation model, further details of which are
diberikan dalam Catatan 20. given in Note 20.
Biaya tersebut diakui dalam beban umum dan That cost is recognized in general and
administrasi, bersama-sama dengan administrative expenses, together with a
peningkatan ekuitas (tambahan modal disetor), corresponding increase in equity (additional
selama periode jasa dan, jika berlaku, kondisi paid-in capital), over the period in which the
kinerja terpenuhi (periode vesting). Beban service and, where applicable, the
kumulatif yang diakui untuk transaksi yang performance conditions are fulfilled (the
diselesaikan dengan ekuitas pada setiap tanggal vesting period). The cumulative expense
pelaporan hingga tanggal vesting mencerminkan recognized for equity-settled transactions at
sejauh mana periode vesting telah berakhir dan each reporting date until the vesting date
reflects the extent to which the vesting period
estimasi terbaik Kelompok Usaha atas jumlah
has expired and the Group’s best estimate of
instrumen ekuitas yang pada akhirnya akan the number of equity instruments that will
menjadi vest. Beban atau kredit dalam laporan ultimately vest. The expense or credit in the
laba rugi suatu periode merupakan pergerakan statement of profit or loss for a period
beban kumulatif yang diakui pada awal dan akhir represents the movement in cumulative
periode tersebut. expense recognized as at the beginning and
end of that period.
Kondisi layanan dan kinerja non-pasar tidak Service and non-market performance
diperhitungkan saat menentukan nilai wajar conditions are not taken into account when
tanggal pemberian penghargaan, tetapi determining the grant date fair value of
kemungkinan kondisi terpenuhi dinilai sebagai awards, but the likelihood of the conditions
bagian dari estimasi terbaik Kelompok Usaha being met is assessed as part of the Group’s
atas jumlah instrumen ekuitas yang pada best estimate of the number of equity
akhirnya akan menjadi hak. instruments that will ultimately vest.
36
Laporan Tahunan 2025
Page 336
334 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
o. Pembayaran berbasis saham (lanjutan) o. Share-based payments (continued)
Kondisi kinerja pasar tercermin dalam nilai wajar Market performance conditions are reflected
tanggal pemberian. Setiap kondisi lain yang within the grant date fair value. Any other
melekat pada penghargaan, tetapi tanpa conditions attached to an award, but without
persyaratan layanan terkait, dianggap sebagai an associated service requirement, are
kondisi non-vesting. Kondisi non-vesting considered to be non-vesting conditions. Non-
tercermin dalam nilai wajar penghargaan dan vesting conditions are reflected in the fair
mengarah pada pengeluaran langsung value of an award and lead to an immediate
penghargaan kecuali ada juga layanan dan/atau expensing of an award unless there are also
kondisi kinerja. service and/or performance conditions.
Tidak ada beban yang diakui untuk penghargaan No expense is recognized for awards that do
yang pada akhirnya tidak menjadi hak karena not ultimately vest because non-market
kinerja non-pasar dan/atau kondisi layanan performance and/or service conditions have
belum terpenuhi. not been met.
p. Provisi p. Provision
Provisi diakui jika Kelompok Usaha memiliki Provisions are recognized when the Group
liabilitas kini (baik bersifat hukum maupun has a present obligation (legal or constructive)
bersifat konstruktif) yang akibat peristiwa masa as a result of a past event, it is probable that
lalu, besar kemungkinannya penyelesaian an outflow of resources embodying economic
liabilitas tersebut mengakibatkan arus keluar benefits will be required to settle the obligation
sumber daya yang mengandung manfaat and a reliable estimate can be made of the
ekonomi dan estimasi yang andal mengenai amount of the obligation.
jumlah liabilitas tersebut dapat dibuat.
Provisi ditelaah pada setiap tanggal pelaporan Provisions are reviewed at each reporting date
dan disesuaikan untuk mencerminkan estimasi and adjusted to reflect the current best
terbaik yang paling kini. Jika arus keluar sumber estimate. If it is no longer probable that an
daya untuk menyelesaikan liabilitas outflow of resources embodying economic
kemungkinan besar tidak terjadi, maka provisi benefits will be required to settle the obligation,
dibatalkan. the provision is reversed.
Provisi untuk biaya pembongkaran aset Provision for asset dismantling costs is
diestimasi berdasarkan beberapa asumsi dan estimated based on certain assumptions and
disajikan pada nilai wajar sesuai dengan tingkat carried at fair value based on applicable
diskonto yang berlaku. discount rates.
q. Saham Treasuri q. Treasury Shares
Instrumen ekuitas sendiri yang diperoleh kembali Own equity instruments that are reacquired
(saham treasuri) diakui pada harga perolehan (treasury shares) are recognized at cost and
kembali dan dikurangi dari ekuitas. Tidak ada deducted from equity. No gain or loss is
laba rugi yang diakui pada laba rugi atas recognized in profit or loss on the purchase,
perolehan, penjualan kembali, penerbitan atau sale, issue or cancellation of the Group’s own
pembatalan dari instrumen ekuitas Kelompok equity instruments. Any difference between
Usaha. Selisih antara jumlah tercatat dan the carrying amount and the consideration, if
penerimaan, bila diterbitkan kembali, diakui reissued, is recognized as part of additional
sebagai bagian dari tambahan modal disetor paid-in capital in the equity.
pada ekuitas.
37
Laporan Tahunan 2025
Page 337
The original consolidated financial statements included herein 335
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Pendapatan dari Kontrak dengan Pelanggan r. Revenue from Contracts with Customers
dan Pengakuan Beban and Recognition of Expenses
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers
Penjualan diakui ketika Kelompok Usaha Sales are recognized when the Group satisfies
memenuhi kewajiban pelaksanaan (performance a performance obligation by transferring a
obligation) dengan mentransfer barang atau jasa promised good or service to the customer,
yang dijanjikan kepada pelanggan, yaitu ketika which is when the customer obtains control of
pelanggan memperoleh pengendalian atas the good or service. A performance obligation
barang atau jasa tersebut. Kewajiban may be satisfied at a point or over time. The
pelaksanaan (performance obligation) dapat amount of the revenue recognized is the
dipenuhi pada suatu waktu tertentu atau dari amount allocated to the satisfied performance
waktu ke waktu. Jumlah pendapatan yang diakui obligation. The Group has generally
adalah jumlah yang dialokasikan untuk concluded that it is the principal in its revenue
kewajiban pelaksanaan (performance obligation) arrangements.
yang dipenuhi. Kelompok Usaha secara umum
menyimpulkan bahwa mereka adalah prinsipal
dalam pengaturan pendapatannya.
(a) Penjualan barang (a) Sale of goods
Pendapatan dari penjualan barang diakui Revenue from the sale of goods is
pada saat pengendalian aset dialihkan ke recognized at the point in time when
pelanggan. Umumnya, penjualan lokal pada control of the asset is transferred to the
saat pengiriman barang, sedangkan customer. Generally, local sales on
penjualan ekspor ketika barang dikapalkan delivery of goods, while export sales when
(FOB Shipping Point), karena kewajiban the goods are shipped (FOB Shipping
pelaksanaan (performance obligation) dinilai Point), as performance obligation is
telah terpenuhi dan oleh karena itu judged have been satisfied and revenue
pendapatan diakui. is therefore recognized.
Pendapatan diukur berdasarkan pada janji Revenue is measured at the
entitas dalam kontrak dengan pelanggan, consideration promised of the entity in the
dikurangi diskon dan potongan harga, jika contract with a customer, less discounts
ada. and rebates, if any.
(b) Penjualan jasa (b) Sale of services
Pendapatan dari jasa yang diberikan diakui Revenue from services rendered is
dalam periode akuntansi di mana jasa recognized in the accounting period in
diberikan. which services are rendered.
Kelompok Usaha menawarkan imbalan variabel The Group estimates the variable
berupa hak pengembalian dan penyesuaian considerations such as right of return and price
harga sehubungan klaim kualitas, dengan adjustments arising from quality claim, using
menggunakan metode nilai ekspektasian yang expected value developed based on historical
dikembangkan berdasarkan pengalaman experience or using most likely amount
historis, atau metode jumlah yang paling developed based on historical experience
mungkin yang dikembangkan berdasarkan taking into account also current purchasing
pengalaman historis dengan patterns.
mempertimbangkan pola pembelian saat ini.
38
Laporan Tahunan 2025
Page 338
336 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Pendapatan dari Kontrak dengan Pelanggan r. Revenue from Contracts with Customers
dan Pengakuan Beban (lanjutan) and Recognition of Expenses (continued)
Pendapatan dari kontrak dengan pelanggan Revenue from contracts with customers
(lanjutan) (continued)
Manajemen menetapkan metode estimasi untuk The management established estimation
memastikan dimasukkannya imbalan variabel method that ensure inclusion of these variable
tersebut hanya sedemikian agar tidak terjadi consideration only to the extent that it is highly
pembalikan yang signifikan atas pendapatan probable that a significant reversal in the
kumulatif yang diakui ketika ketidakpastian amount of cumulative revenue recognized will
terkait dengan pertimbangan variabel tersebut not occur when the uncertainty associated
diselesaikan kedepannya. Sedangkan with the variable consideration is subsequently
pengakuan dilakukan ketika dokumen resolved. Meanwhile, the recognition is made
pendukung telah diterima dari pelanggan atau when supporting documents have been
saat kemungkinan besar penyesuaian harga received from customers or when it is probable
akan diberikan. price adjustments will be given.
Piutang usaha merupakan hak Kelompok Usaha Trade receivables represent the Group’s right
atas sejumlah imbalan yang tidak bersyarat to an amount of consideration that is
(yaitu, hanya berlalunya waktu yang diperlukan unconditional (i.e., only the passage of time is
sebelum pembayaran imbalan jatuh tempo). required before payment of the consideration
Lihat kebijakan akuntansi aset keuangan pada is due). Refer to accounting policies of
Catatan 2t Instrumen Keuangan mengenai financial assets in Note 2t in Financial
pengakuan awal dan pengukuran selanjutnya. instruments section regarding initial
recognition and subsequent measurement.
Liabilitas kontrak Contract liabilities
Liabilitas kontrak adalah kewajiban untuk A contract liability is the obligation to transfer
mentransfer barang atau jasa kepada pelanggan goods or services to a customer for which the
dimana Kelompok Usaha telah menerima Group has received consideration (or an
imbalan (atau jumlah imbalan yang jatuh tempo) amount of consideration is due) from the
dari pelanggan. customer.
Jika pelanggan membayar imbalan sebelum If a customer pays consideration before the
Kelompok Usaha mengalihkan barang atau jasa Group transfers goods or services to the
kepada pelanggan, liabilitas kontrak diakui pada customer, a contract liability is recognized
saat pembayaran dilakukan atau pembayaran when the payment is made or the payment is
jatuh tempo (mana yang lebih awal). Liabilitas due (whichever is earlier). Contract liabilities
kontrak diakui sebagai pendapatan pada saat are recognized as revenue when the Group
Kelompok Usaha memenuhi pelaksanaan performs under the contract.
kontrak.
Penghasilan/beban bunga Interest income/expense
Untuk semua instrumen keuangan yang diukur For all financial instruments measured at
pada biaya perolehan diamortisasi penghasilan amortized cost, interest income or expense is
atau beban bunga dicatat dengan menggunakan recorded using the effective interest rate,
metode suku bunga efektif, yaitu suku bunga which is the rate that exactly discounts the
yang secara tepat mendiskontokan estimasi estimated future cash payments or receipts
pembayaran atau penerimaan kas di masa yang over the expected life of the financial
akan datang selama perkiraan umur dari instrument or a shorter period, where
instrument keuangan, atau jika lebih tepat, appropriate, to the net carrying amount of the
selama periode yang lebih singkat, untuk nilai financial asset or liability.
tercatat neto dari aset atau liabilitas keuangan.
39
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Page 339
The original consolidated financial statements included herein 337
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
r. Pendapatan dari Kontrak dengan Pelanggan r. Revenue from Contracts with Customers
dan Pengakuan Beban (lanjutan) and Recognition of Expenses (continued)
Pendapatan sewa Rental income
Pendapatan sewa diakui dengan dasar garis Rental income is recognized on a straight-line
lurus selama masa sewa. basis over the lease terms.
Pengakuan beban Recognition of expenses
Beban diakui pada saat terjadinya atau sesuai Expenses are recognized when incurred or
dengan masa manfaatnya. based on their beneficial periods.
s. Perpajakan s. Taxation
Kelompok Usaha menerapkan ISAK The Group adopted ISAK No. 123 -
No. 123 - Ketidakpastian dalam Perlakuan Pajak Uncertainty over Income Tax Treatments. This
Penghasilan. ISAK ini membahas akuntansi ISAK addresses the accounting for income
untuk pajak penghasilan ketika perlakuan pajak taxes when tax treatments involve uncertainty
melibatkan ketidakpastian yang mempengaruhi that affects the application of PSAK 212:
penerapan PSAK 212: Pajak Penghasilan. ISAK Income Taxes. This ISAK does not apply to
ini tidak berlaku untuk pajak atau retribusi di luar taxes or levies outside the scope of PSAK 212,
ruang lingkup PSAK 212, juga tidak secara nor does it specifically include requirements
khusus mencakup persyaratan yang berkaitan relating to interest and penalties associated
dengan bunga dan denda yang terkait dengan with uncertain tax treatments. The
perlakuan pajak yang tidak pasti. Penafsiran interpretation specifically addresses the
secara khusus membahas hal-hal berikut: following:
Apakah suatu entitas mempertimbangkan Whether an entity considers uncertain tax
perlakuan pajak yang tidak pasti secara treatments separately;
terpisah;
Asumsi yang dibuat entitas tentang The assumptions an entity makes about
pemeriksaan perlakuan pajak oleh otoritas the examination of tax treatments by the
perpajakan; dan taxation authorities; and
Bagaimana entitas menentukan laba kena How an entity determines taxable profit
pajak (rugi pajak), dasar pengenaan pajak, (tax loss), tax bases, unused tax losses,
rugi pajak yang belum digunakan, kredit unused tax credits and tax rate.
pajak yang belum digunakan dan tarif pajak.
Kelompok Usaha menentukan apakah akan The Group determines whether to consider
mempertimbangkan masing-masing perlakuan each uncertain tax treatment separately or
pajak yang tidak pasti secara terpisah atau together with one or more other uncertain tax
bersama-sama dengan satu atau lebih perlakuan treatments and uses the approach that better
pajak tidak pasti lainnya dan menggunakan predicts the resolution of the uncertainty. The
pendekatan yang lebih baik dalam memprediksi Group applies significant judgment in
penyelesaian ketidakpastian tersebut. Kelompok identifying uncertainties over income tax
Usaha menerapkan penilaian signifikan dalam treatments. Upon adoption of the
mengidentifikasi ketidakpastian atas perlakuan Interpretation, the Group considered whether
pajak penghasilan. Setelah adopsi Interpretasi, it has any uncertain tax positions.
Kelompok Usaha mempertimbangkan apakah
Kelompok Usaha memiliki posisi pajak yang
tidak pasti.
40
Laporan Tahunan 2025
Page 340
338 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Perpajakan (lanjutan) s. Taxation (continued)
Pengajuan pajak Perusahaan dan entitas anak di The Company’s and the subsidiaries’ tax
berbagai yurisdiksi termasuk otoritas perpajakan filings in different jurisdictions include the
dapat menentang perlakuan pajak tersebut. taxation authorities may challenge those tax
Kelompok Usaha menentukan, berdasarkan treatments. The Group determined, based on
pada kepatuhan perpajakannya bahwa besar its tax compliance that it is probable that its tax
kemungkinan perlakuan pajaknya (termasuk treatments (including those for the
yang untuk entitas anak) akan diterima oleh subsidiaries) will be accepted by the taxation
otoritas perpajakan. authorities.
Pajak Final Final Tax
Berdasarkan peraturan pajak yang berlaku, In accordance with prevailing tax regulation,
pajak penghasilan Kelompok Usaha dari the Group’s income from rental of tanks and
aktivitas penyewaan tangki dan gudang dihitung warehouses are subject to 10% final tax while
secara final sebesar 10% sedangkan domestic shipping transportation income is
pendapatan pengangkutan untuk pelayaran subject to final tax at rate of 1.2%.
dalam negeri dikenakan pajak final sebesar
1,2%.
Berdasarkan Peraturan Pemerintah No. 71/2008 Based on Government Regulation
tanggal 4 November 2008, efektif tanggal No. 71/2008 dated November 4, 2008,
1 Januari 2009, penghasilan dari penjualan atau effective January 1, 2009, the income from
pengalihan tanah dan bangunan dikenakan sale or transfer of land and building is subject
pajak final sebesar 5% dari nilai penjualan atau to a final tax of 5% from the sale or transfer
pengalihan. Pada tanggal 8 Agustus 2016, value. On August 8, 2016, based on the
sesuai dengan Peraturan Pemerintah Government Regulation No. 34/2016 and
No. 34/2016 dan Peraturan Menteri Keuangan Ministry of Finance Regulation
No. 261/PMK.03/2016, pajak penghasilan dari No. 261/PMK.03/2016, income from sale of
pengalihan hak atas tanah dan/atau bangunan land and/or buildings subject to final tax of
dikenakan pajak bersifat final sebesar 2,5%. 2.5%.
Perbedaan nilai tercatat aset atau liabilitas yang The difference between the financial
berhubungan dengan pajak penghasilan final statement carrying amounts of existing assets
dengan dasar pengenaan pajaknya tidak diakui and liabilities and their respective final tax
sebagai aset atau liabilitas pajak tangguhan. bases is not recognized as deferred tax assets
or liabilities.
41
Laporan Tahunan 2025
Page 341
The original consolidated financial statements included herein 339
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Perpajakan (lanjutan) s. Taxation (continued)
Pajak Penghasilan - Pajak Kini Income Tax - Current Tax
Aset dan liabilitas pajak kini untuk tahun berjalan Current income tax assets and liabilities for the
dan tahun-tahun sebelumnya diukur pada jumlah current and prior years are measured at the
yang diharapkan akan terpulihkan atau yang amount expected to be recovered from or paid
akan dibayarkan kepada otoritas pajak. Tarif to the taxation authorities. The tax rates and
pajak dan peraturan perpajakan yang digunakan tax laws used to compute the amount are
untuk menghitung jumlah pajak adalah tarif pajak those that are enacted or substantively
yang berlaku atau secara substansial telah enacted, at the reporting date, in the countries
berlaku pada tanggal pelaporan, di negara where the Group operates and generates
dimana Kelompok Usaha beroperasi dan taxable income.
menghasilkan laba kena pajaknya.
Pajak kini yang terkait dengan komponen yang Current income tax relating to items
diakui langsung ke ekuitas diakui di ekuitas dan recognized directly in equity is recognized in
tidak ke laporan laba rugi. Manajemen secara equity and not in the profit or loss.
periodik mengevaluasi posisi yang diambil Management periodically evaluates positions
sehubungan dengan pelaporan pajak untuk taken in the tax returns with respect to
situasi dimana relevan pajak terkait memerlukan situations in which applicable tax regulations
interpretasi dan melakukan pencadangan jika are subject to interpretation and establishes
diperlukan. provisions where appropriate.
Syarat yang harus dipenuhi adalah sebagai The conditions to be fulfilled are as follows:
berikut:
Paling sedikit 40% saham yang beredar At least 40% of the outstanding shares
dipegang oleh pemegang saham publik are held by public comprising of at least
yang terdiri dari paling sedikit oleh 300 300 shareholders;
pemegang saham;
Masing-masing pemegang saham memiliki Each shareholder holding less than 5% of
saham kurang dari 5% dari keseluruhan the outstanding shares; and
saham yang beredar; dan
Dua kondisi di atas harus dipenuhi paling The two conditions above must be
singkat dalam kurun waktu 183 hari dalam maintained for 183 days within one fiscal
waktu satu tahun pajak. year.
Pajak Penghasilan Pilar Dua Pillar Two Income Taxes
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 (“Pillar 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.
atau setelah tanggal 1 Januari 2025.
42
Laporan Tahunan 2025
Page 342
340 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Perpajakan (lanjutan) s. Taxation (continued)
Pajak Penghasilan Pilar Dua Pillar Two Income Taxes
Untuk tahun yang berakhir pada 31 Desember For the year ended December 31, 2025, the
2025, Kelompok Usaha telah menerapkan Group has applied amendments to PSAK 212:
amandemen PSAK 212: Pajak Penghasilan, Income Taxes, which provide mandatory
yang memberikan pengecualian wajib temporary exception from recognizing or
sementara dari pengakuan atau pengungkapan disclosing deferred taxes related to Pillar 2.
pajak tangguhan terkait Pilar 2. PMK 136/2024 PMK 136/2024 applies new taxing mechanisms
menerapkan mekanisme perpajakan baru yang under which a Multinational Enterprises (“MNE”)
mensyaratkan Perusahaan Multinasional should pay a top-up tax in a jurisdiction
("PMN") untuk membayar pajak tambahan whenever their efective tax rate, determined on
padayurisdiksi tertentu ketika tarif pajak efektif a jurisdictional basis under the Pillar2, is below
yang ditentukan per yurisdiksi menurut Pilar 2 a 15% minimum rate.
lebih rendah dari tarif minimum 15%.
Pajak Penghasilan - Pajak Tangguhan Income Tax - Deferred Tax
Pajak tangguhan diukur dengan metode liabilitas Deferred tax is provided using the liability
atas beda waktu pada tanggal pelaporan antara method on temporary differences at the
dasar pengenaan pajak untuk aset dan liabilitas reporting date between the tax bases of assets
dengan nilai tercatatnya untuk tujuan pelaporan and liabilities and their carrying amounts for
keuangan. Liabilitas pajak tangguhan diakui financial reporting purposes. Deferred tax
untuk semua perbedaan temporer kena pajak liabilities are recognized for all taxable
dengan beberapa pengecualian. Aset pajak temporary differences with certain exceptions.
tangguhan diakui untuk perbedaan temporer Deferred tax assets are recognized for
yang boleh dikurangkan dan rugi fiskal apabila deductible temporary differences and tax losses
terdapat kemungkinan besar bahwa jumlah laba carry forwards to the extent that it is probable
kena pajak pada masa mendatang akan that taxable income will be available in future
memadai untuk mengkompensasi perbedaan years against which the deductible temporary
temporer dan rugi fiskal. differences and tax losses carry forwards can be
utilized.
Pajak tangguhan diukur dengan menggunakan Deferred tax is calculated at the tax rates that
tarif pajak yang berlaku atau secara substansial have been enacted or substantively enacted at
telah berlaku pada tanggal pelaporan. the reporting date. Changes in the carrying
Perubahan nilai tercatat aset dan liabilitas pajak amount of deferred tax assets and liabilities due
tangguhan yang disebabkan oleh perubahan tarif to a change in tax rate are charged to the current
pajak dibebankan pada tahun berjalan, kecuali year, except to the extent that it relates to items
untuk transaksi-transaksi yang sebelumnya telah previously charged or credited to equity. The
langsung dibebankan atau dikreditkan ke deferred tax effect arising from acquisition is
ekuitas. Efek pajak tangguhan yang timbul dari recognized as part of the “Deferred Tax Asset or
akuisisi disajikan sebagai bagian dari akun “Aset Liability” account.
atau Liabilitas Pajak Tangguhan”.
Aset dan liabilitas pajak tangguhan disajikan Deferred tax assets and liabilities are offset in
secara saling hapus di laporan posisi keuangan the consolidated statements of financial
konsolidasian, kecuali aset dan liabilitas pajak position, except if these are for different legal
tangguhan untuk entitas yang berbeda sesuai entities, in the same manner the current tax
dengan penyajian aset dan liabilitas pajak kini. assets and liabilities are presented.
43
Laporan Tahunan 2025
Page 343
The original consolidated financial statements included herein 341
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
s. Perpajakan (lanjutan) s. Taxation (continued)
Pajak Penjualan Sales Tax
Penjualan, beban dan aset diakui neto terhadap Revenues, expenses and assets are
nilai pajak penjualan (yaitu pajak pertambahan recognized net of the amount of sales tax (i.e.
nilai dan pajak terkait lainnya, jika ada) kecuali: value-added tax and other relevant taxes, if
any) except:
Situasi dimana pajak penjualan yang timbul Where the sales tax incurred on a
dari pembelian aset atau jasa tidak purchase of assets or services is not
terpulihkan dari otoritas pajak, dalam situasi recoverable from the taxation authority, in
tersebut pajak penjualan terkait diakui which case the sales tax is recognized as
sebagai bagian dari nilai perolehan aset part of the cost of acquisition of the asset
atau bagian dari beban. or as part of the expense item as
applicable.
Piutang dan hutang yang diakui termasuk Receivables and payables that are stated
pajak penjualan terkait. with the amount of sales tax included.
Nilai dari pajak penjualan neto yang dipulihkan The net amount of sales tax recoverable from,
atau terhutang ke otoritas pajak dicatat sebagai or payable to, the taxation authority is included
bagian dari piutang atau hutang dalam laporan as part of receivables or payables in the
posisi keuangan konsolidasian. consolidated statements of financial position.
t. Instrumen Keuangan t. Financial Instruments
Instrumen keuangan adalah setiap kontrak yang A financial instrument is any contract that
memberikan aset keuangan bagi satu entitas gives rise to a financial asset of one entity and
dan liabilitas keuangan atau ekuitas bagi entitas a financial liability or equity instrument of
lain. another entity.
Aset keuangan diklasifikasikan, pada pengakuan Financial assets are classified, at initial
awal, yang selanjutnya diukur pada biaya recognition, as subsequently measured at
perolehan diamortisasi, nilai wajar melalui amortized cost, fair value through Other
Pendapatan Komprehensif Lain (“PKL”), dan Comprehensive Income (“OCI”), and fair value
nilai wajar melalui laba rugi. through profit or loss.
Piutang usaha yang tidak mengandung Trade receivables that do not contain a
komponen pembiayaan yang signifikan atau significant financing component or for which
yang mana Kelompok Usaha telah menerapkan the Group has applied the practical expedient
kebijaksanaan praktis diukur pada harga are measured at the transaction price
transaksi yang ditentukan berdasarkan PSAK determined under PSAK 115. Refer to Note 2r
115. Lihat kebijakan akuntansi pada Catatan 2r for the accounting policy in relation to revenue
untuk kebijakan terkait pendapatan dari kontrak from contracts with customers.
dengan pelanggan.
44
Laporan Tahunan 2025
Page 344
342 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
i. Aset Keuangan i. Financial Assets
Pengakuan dan pengukuran awal Initial recognition and measurement
Agar aset keuangan diklasifikasikan dan In order for a financial asset to be
diukur pada biaya perolehan diamortisasi classified and measured at amortised
atau nilai wajar melalui PKL, aset keuangan cost or fair value through OCI, it needs to
harus menghasilkan arus kas yang Semata- give rise to cash flows that are Solely
mata Pembayaran Pokok dan Bunga Payments of Principal and Interest
(“SPPI”) dari jumlah pokok terhutang. (“SPPI”) on the principal amount
Penilaian ini disebut sebagai tes SPPI dan outstanding. This assessment is referred
dilakukan pada tingkat instrumen. to as the SPPI test and is performed at an
instrument level.
Model bisnis Kelompok Usaha untuk The Group’s business model for
mengelola aset keuangan mengacu pada managing financial assets refers to how it
bagaimana Kelompok Usaha mengelola manages its financial assets in order to
aset keuangannya untuk menghasilkan arus generate cash flows. The business model
kas. Model bisnis menentukan apakah arus determines whether cash flows will result
kas akan dihasilkan dari pengumpulan arus from collecting contractual cash flows,
kas kontraktual, penjualan aset keuangan, selling the financial assets, or both.
atau keduanya.
Pembelian atau penjualan aset keuangan Purchases or sales of financial assets that
yang memerlukan penyerahan aset dalam require delivery of assets within a time
jangka waktu yang ditetapkan oleh regulasi frame established by regulation or
atau konvensi di pasar (perdagangan convention in the marketplace (regular
reguler) diakui pada tanggal perdagangan, way trades) are recognized on the trade
yaitu tanggal Kelompok Usaha berkomitmen date, i.e., the date that the Group commits
untuk membeli atau menjual aset. to purchase or sell the assets.
Kelompok Usaha memiliki kas dan setara The Group has cash and cash
kas, piutang usaha, piutang lain-lain, equivalents, trade and other receivables,
investasi, dan aset lancar lainnya yang investment, and other current assets
seluruhnya diklasifikasikan sebagai aset which are all classified as financial assets
keuangan yang diukur pada biaya perolehan measured at amortized cost. The Group
diamortisasi. Kelompok Usaha tidak has no financial assets measured at fair
memiliki aset keuangan yang diukur pada value through OCI or fair value through
nilai wajar melalui PKL atau nilai wajar profit or loss.
melalui laba rugi.
Kelompok Usaha mengukur aset keuangan The Group measures financial assets at
pada biaya perolehan diamortisasi jika amortized cost if both of the following
kedua kondisi berikut ini terpenuhi: conditions are met:
i) Aset keuangan tersebut dikelola dalam i) The financial asset is held within a
model bisnis yang bertujuan untuk business model with the objective to
memiliki aset keuangan dalam rangka hold financial assets in order to
memperoleh arus kas kontraktual, dan collect contractual cash flows, and
ii) Persyaratan kontraktual dari aset ii) The contractual terms of the financial
keuangan yang pada tanggal tertentu asset give rise on specified dates to
meningkatkan arus kas yang SPPI dari cash flows that are SPPI on the
jumlah pokok terhutang. principal amount outstanding.
45
Laporan Tahunan 2025
Page 345
The original consolidated financial statements included herein 343
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Pengukuran setelah pengakuan awal Subsequent measurement
Aset keuangan pada biaya perolehan Financial assets at amortized cost are
diamortisasi selanjutnya diukur dengan subsequently measured using the
menggunakan suku bunga efektif (“SBE”) effective interest rate (“EIR”) method and
dan diuji penurunan nilainya. Keuntungan are subject to impairment. Gains and
dan kerugian diakui dalam laba rugi pada losses are recognized in profit or loss
saat aset keuangan dihentikan when the financial asset is derecognized,
pengakuannya, dimodifikasi atau modified or impaired.
mengalami penurunan nilai.
Selisih antara harga transaksi dan nilai wajar The difference between the transaction
aset keuangan pada pengakuan awal price and fair value of financial assets
ditangguhkan bila nilai wajarnya diestimasi upon initial recognition is deferred, if the
menggunakan input yang tidak dapat fair value is estimated using unobservable
diobservasi. Bila, selain waktu, tidak inputs. The deferred loss is amortized
terdapat faktor lain yang diidentifikasi oleh using the straight-line method if, other
pelaku pasar dalam pertimbangan untuk than time, there are no factors identified
menentukan harga aset keuangan tersebut, that market participants would take into
kerugian yang ditangguhkan tersebut account when pricing the financial asset.
diamortisasi dengan menggunakan metode Any outstanding amount is immediately
garis lurus. Setiap jumlah yang masih tersisa recognized in profit or loss when the
segera diakui dalam laba rugi pada saat aset financial asset is derecognized or when
keuangan tersebut dihentikan the inputs becomes observable.
pengakuannya atau ketika input tersebut
menjadi dapat diobservasi.
Penghentian pengakuan Derecognition
Penghentian pengakuan atas suatu aset A financial asset, or where applicable, a
keuangan, atau, bila dapat diterapkan untuk part of a financial asset or part of a group
bagian dari aset keuangan atau bagian dari of similar financial assets, is
kelompok aset keuangan serupa (yaitu, derecognized (i.e., removed from the
dihapuskan dari laporan posisi keuangan Group’s consolidated statement of
konsolidasian Kelompok Usaha), terjadi financial position) when:
apabila:
i) Hak kontraktual atas arus kas yang i) The contractual rights to receive the
berasal dari aset keuangan tersebut cash flows from these assets have
berakhir; atau expired; or
ii) Kelompok Usaha telah mengalihkan ii) The Group has transferred its rights to
hak untuk menerima arus kas yang receive cash flows from the asset or
berasal dari aset keuangan tersebut has assumed an obligation to pay the
atau menanggung kewajiban untuk received cash flows in full without
membayar arus kas yang diterima material delay to a third party under a
tersebut tanpa penundaan yang “pass-through” arrangement, and
signifikan terhadap pihak ketiga melalui either (a) the Group has transferred
suatu kesepakatan “penyerahan” dan substantially all the risk and rewards
(a) Kelompok Usaha secara substansial of the financial assets, or (b) the
memindahkan seluruh risiko dan Group has neither transferred nor
manfaat atas kepemilikan aset retained substantially all the risk and
keuangan tersebut, atau (b) Kelompok rewards of the assets, but has
Usaha secara substansial tidak transferred control of the asset.
memindahkan dan tidak memiliki
seluruh risiko dan manfaat atas
kepemilikan aset keuangan tersebut,
namun telah memindahkan
pengendalian atas aset keuangan.
46
Laporan Tahunan 2025
Page 346
344 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penghentian pengakuan (lanjutan) Derecognition (continued)
Apabila Kelompok Usaha telah mengalihkan When the Group has transferred its right
hak untuk menerima arus kas yang berasal to receive cash flows from an asset or has
dari aset keuangan atau mengadakan entered in to “pass-through” arrangement,
kesepakatan penyerahan dan tidak has neither transferred nor retained
mengalihkan maupun memiliki secara substantially all risk and rewards of the
substansial seluruh risiko dan manfaat atas asset nor transferred control of the asset,
aset keuangan tersebut dan juga tidak the asset is recognized to the extent of the
mengalihkan pengendalian atas aset Group’s continuing involvement in the
keuangan tersebut, maka suatu aset asset. In that case, the Group also
keuangan baru diakui oleh Kelompok Usaha recognizes an associated liability. The
sebesar keterlibatannya yang berkelanjutan transferred asset and the associated
dengan aset keuangan tersebut. Dalam hal liability are measured on a basis that
itu, Kelompok Usaha juga mengakui reflects the rights and obligations that the
liabilitas terkait. Aset alihan beserta liabilitas Group has retained.
terkait diukur dengan dasar yang
merefleksikan hak dan kewajiban yang
dimiliki Kelompok Usaha.
Keterlibatan berkelanjutan yang berbentuk Continuing involvement that takes the
pemberian jaminan atas aset alihan diukur form of a guarantee over the transferred
sebesar jumlah yang lebih rendah antara asset is measured at the lower of the
jumlah aset alihan dan jumlah maksimal original carrying amount of the asset and
imbalan yang mungkin harus dibayar the maximum amount of consideration
kembali oleh Kelompok Usaha. received that the Group could be required
to repay.
Penurunan nilai aset keuangan Impairment of financial asset
Kelompok Usaha mengakui penyisihan The Group recognizes an allowance for
untuk Kerugian Kredit Ekspektasian (“KKE”) Expected Credit Losses (“ECL”) for all
untuk seluruh instrumen utang yang tidak debt instruments not held at fair value
dimiliki pada nilai wajar melalui laba rugi. through profit or loss. ECL are based on
KKE didasarkan pada selisih antara arus the difference between the contractual
kas kontraktual yang jatuh tempo sesuai cash flows due in accordance with the
dengan kontrak dan seluruh arus kas yang contract and all the cash flows that the
diperkirakan akan diterima Kelompok Group expects to receive, discounted at
Usaha, didiskontokan dengan SBE awal. an approximation of the original EIR. The
Arus kas ekspektasian akan mencakup arus expected cash flows will include cash
kas dari penjualan agunan atau perbaikan flows from the sale of collateral held or
risiko-kredit lain yang merupakan bagian other credit enhancements that are
dari persyaratan kontraktual. integral to the contractual terms.
47
Laporan Tahunan 2025
Page 347
The original consolidated financial statements included herein 345
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
i. Aset Keuangan (lanjutan) i. Financial Assets (continued)
Penurunan nilai aset keuangan (lanjutan) Impairment of financial asset (continued)
KKE diakui dalam dua tahap. Untuk ECLs are recognized in two stages. For
eksposur kredit yang belum ada credit exposures for which there has not
peningkatan risiko kredit yang signifikan been a significant increase in credit risk
sejak pengakuan awal, KKE dilakukan untuk since initial recognition, ECL are provided
kerugian kredit yang diakibatkan oleh for credit losses that result from default
peristiwa gagal bayar yang mungkin terjadi events that are possible within the next
dalam 12 bulan ke depan (KKE 12 bulan). 12-months (a 12-month ECL). For those
Untuk eksposur kredit yang telah terjadi credit exposures for which there has been
peningkatan risiko kredit yang signifikan a significant increase in credit risk since
sejak pengakuan awal, penyisihan kerugian initial recognition, a loss allowance is
dilakukan untuk kerugian kredit yang required for credit losses expected over
diperkirakan selama sisa umur eksposur, the remaining life of the exposure,
terlepas dari waktu gagal bayar (KKE irrespective of the timing of the default (a
sepanjang umur). lifetime ECL).
Untuk piutang usaha, Kelompok Usaha For trade receivables, the Group applies
menerapkan pendekatan yang a simplified approach in calculating ECL.
disederhanakan dalam menghitung KKE. Therefore, the Group does not track
Oleh karena itu, Kelompok Usaha tidak changes in credit risk, but instead
menelusuri perubahan dalam risiko kredit, recognizes a loss allowance based on
tetapi mengakui penyisihan kerugian lifetime ECLs at each reporting date. The
berdasarkan KKE sepanjang umur pada Group has established a provision matrix
setiap tanggal pelaporan. Kelompok Usaha that is based on its historical credit loss
telah menyusun matriks provisi berdasarkan experience, adjusted for forward-looking
pengalaman kerugian kredit historisnya, factors specific to the debtors and the
disesuaikan dengan faktor-faktor perkiraan economic environment.
masa depan yang spesifik bagi debitur dan
lingkungan ekonomi.
Kelompok Usaha menganggap aset The Group considers a financial asset in
keuangan gagal bayar ketika pembayaran default when contractual payments are 90
kontraktual telah lewat 90 hari. Namun, days past due. However, in certain cases,
dalam kasus tertentu, Kelompok Usaha juga the Group may also consider a financial
dapat mempertimbangkan aset keuangan asset to be in default when internal or
mengalami gagal bayar ketika informasi external information indicates that the
internal atau eksternal menunjukkan bahwa Group is unlikely to receive the
Kelompok Usaha tidak mungkin menerima outstanding contractual amounts in full
jumlah kontraktual yang terutang secara before taking into account any credit
penuh sebelum memperhitungkan setiap enhancements held by the Group. A
perbaikan risiko-kredit yang dimiliki oleh financial asset is written off when there is
Kelompok Usaha. Aset keuangan no reasonable expectation of recovering
dihapuskan jika tidak ada ekspektasi yang the contractual cash flows.
wajar untuk memulihkan arus kas
kontraktual.
48
Laporan Tahunan 2025
Page 348
346 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
ii. Liabilitas keuangan ii. Financial liabilities
Pengakuan dan pengukuran awal Initial recognition and measurement
Liabilitas keuangan diklasifikasikan sebagai Financial liabilities are classified as
liabilitas keuangan yang diukur pada nilai financial liabilities at fair value through
wajar melalui laba rugi dan liabilitas profit or loss and other financial liabilities.
keuangan lainnya. Kelompok Usaha The Group determines the classification
menetapkan klasifikasi atas liabilitas of its financial liabilities at intial
keuangan pada saat pengakuan awal. recognition.
Liabilitas keuangan pada awalnya diukur Financial liabilities are recognized initially
pada nilai wajar dan, dalam hal pinjaman at fair value and, in the case of loans and
dan hutang, ditambah biaya transaksi yang borrowings, inclusive of directly
dapat diatribusikan secara langsung. attributable transaction costs.
Liabilitas keuangan Kelompok Usaha The Group’s financial liabilities include
meliputi hutang bank jangka pendek, hutang short-term bank loan, long-term bank
bank jangka panjang, hutang usaha dan loans, trade and other payables, accrued
hutang lain-lain, biaya masih harus dibayar, expenses, lease liabilities, and dividend
liabilitas sewa dan hutang dividen. payables.
Pengukuran setelah pengakuan awal Subsequent measurement
Pengukuran liabilitas keuangan tergantung The measurement of a financial liability
pada klasifikasinya. Semua liabilitas depends on its classification. All of the
keuangan Kelompok Usaha diklasifikasikan Group’s financial liabilities are classified
sebagai pinjaman dan hutang. as loans and borrowings.
Setelah pengakuan awal, pinjaman dan After initial recognition, interest-bearing
utang yang dikenakan bunga selanjutnya loans and borrowings are subsequently
diukur pada biaya perolehan diamortisasi measured at amortized cost using the EIR
dengan menggunakan metode SBE. method.
Keuntungan atau kerugian diakui dalam Gains or losses are recognized in profit or
laba rugi ketika liabilitas keuangan loss when the financial liabilities are
dihentikan pengakuannya serta melalui derecognized as well as through the
proses amortisasi menggunakan metode amortization process using the EIR
SBE. method.
Biaya perolehan diamortisasi dihitung Amortized cost is calculated by taking into
dengan mempertimbangkan diskonto atau account any discount or premium on
premi atas akuisisi dan biaya atau biaya acquisition and fees or costs that are an
yang merupakan bagian tidak terpisahkan integral part of the EIR. The EIR
dari SBE. Amortisasi SBE dicatat sebagai amortization is included as finance costs
biaya keuangan dalam laporan laba rugi dan in the consolidated statement of profit or
penghasilan komprehensif lain loss and other comprehensive income.
konsolidasian.
49
Laporan Tahunan 2025
Page 349
The original consolidated financial statements included herein 347
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
t. Instrumen Keuangan (lanjutan) t. Financial Instruments (continued)
ii. Liabilitas keuangan (lanjutan) ii. Financial liabilities (continued)
Penghentian pengakuan Derecognition
Liabilitas keuangan dihentikan A financial liability is derecognized when
pengakuannya ketika liabilitas yang the obligation under the liability is
ditetapkan dalam kontrak dihentikan atau discharged or cancelled or has expired.
dibatalkan atau kedaluwarsa.
iii. Saling hapus instrumen keuangan iii. Offsetting financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
disalinghapuskan dan jumlah netonya and the net amount is reported in the
dilaporkan pada laporan posisi keuangan statement of financial position when there
ketika terdapat hak yang berkekuatan is a legally enforceable right to offset the
hukum untuk melakukan saling hapus atas recognized amounts and there is an
jumlah yang telah diakui tersebut dan intention to settle on a net basis, or realise
adanya niat untuk menyelesaikan secara the asset and settle the liability
neto, atau untuk merealisasikan aset dan simultaneously.
menyelesaikan liabilitas secara bersamaan.
u. Penurunan Nilai Aset Non-Keuangan u. Impairment of Non-Financial Assets
Pada setiap akhir periode pelaporan, Kelompok The Group assesses at each annual reporting
Usaha menilai apakah terdapat indikasi suatu period whether there is an indication that an
aset 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
secara tahunan penurunan nilai aset (yaitu aset an asset (i.e. an intangible asset with an
tidak berwujud dengan umur manfaat tidak indefinite useful life, an intangible asset not yet
terbatas, aset tidak berwujud yang belum dapat available for use or goodwill acquired in a
digunakan atau goodwill yang diperoleh dalam business combination) is required, the Group
suatu kombinasi bisnis) diperlukan, maka makes an estimate of the asset’s recoverable
Kelompok Usaha membuat estimasi jumlah amount.
terpulihkan aset tersebut.
Jumlah terpulihkan yang ditentukan untuk aset An asset’s recoverable amount is the higher
individual adalah jumlah yang lebih tinggi antara of an asset’s or CGU’s fair value less costs to
nilai wajar aset atau UPK dikurangi biaya untuk sell and its value in use, and is determined for
menjual dengan nilai pakainya, kecuali aset an individual asset, unless the asset does not
tersebut tidak menghasilkan arus kas masuk generate cash inflows that are largely
yang sebagian besar independen dari aset atau independent of those from other assets or
kelompok aset lain. Jika nilai tercatat aset atau groups of assets. Where the carrying amount
UPK lebih besar daripada jumlah of an asset or CGU exceeds its recoverable
terpulihkannya, maka aset tersebut amount, the asset is considered impaired and
dipertimbangkan mengalami penurunan nilai is written down to its recoverable amount.
dan nilai tercatat aset diturunkan menjadi
sebesar jumlah terpulihkannya.
Kelompok Usaha mendasarkan perhitungan The Group bases its impairment calculation
penurunan nilai pada rincian perhitungan on detailed budgets and forecast calculations
anggaran atau prakiraan yang disusun secara which are prepared separately for each of the
terpisah untuk masing-masing UPK Kelompok Group’s CGUs to which the individual assets
Usaha atas aset individual yang dialokasikan. are allocated.
50
Laporan Tahunan 2025
Page 350
348 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
u. Penurunan Nilai Aset Non-Keuangan u. Impairment of Non-Financial Assets
(lanjutan) (continued)
Dalam menghitung nilai pakai, estimasi arus kas In assessing the value in use, the estimated
masa depan neto didiskontokan ke nilai kini net future cash flows are discounted to their
dengan menggunakan tingkat diskonto sebelum present value using a pre-tax discount rate
pajak yang menggambarkan penilaian pasar kini that reflects current market assessments of
dari nilai waktu uang dan risiko spesifik atas aset. the time value of money and the risks specific
Dalam menentukan nilai wajar dikurangi biaya to the asset. In determining fair value less
untuk menjual, digunakan harga penawaran costs to sell, recent market transactions are
pasar terakhir, jika tersedia. Jika tidak terdapat taken into account, if available. If no such
transaksi tersebut, digunakan model penilaian transactions can be identified, an appropriate
yang sesuai untuk menentukan nilai wajar aset. valuation model is used to determine the fair
Perhitungan-perhitungan ini dikuatkan oleh value of the assets. These calculations are
penilaian berganda atau indikator nilai wajar yang corroborated by valuation multiples or other
tersedia. available fair value indicators.
Kerugian penurunan nilai dari operasi yang Impairment losses of continuing operation, if
berkelanjutan, jika ada, diakui sebagai laba rugi any, are recognized as profit or loss under
sesuai dengan kategori biaya yang konsisten expense categories that are consistent with
dengan fungsi dari aset yang diturunkan nilainya. the functions of the impaired assets.
Untuk aset selain goodwill, penilaian dilakukan For assets excluding goodwill, an assessment
pada akhir setiap tanggal pelaporan apakah is made at each reporting date as to whether
terdapat indikasi bahwa rugi penurunan nilai there is any indication that previously
yang telah diakui dalam tahun sebelumnya recognized impairment losses may no longer
mungkin tidak ada lagi atau mungkin telah exist or may have decreased. If such
menurun. Jika indikasi dimaksud ditemukan, indication exists, the asset’s or CGU’s
maka entitas mengestimasi jumlah terpulihkan recoverable amount is estimated. A
aset atau UPK tersebut. Kerugian penurunan previously recognized impairment loss for an
nilai yang telah diakui dalam periode asset is reversed only if there has been a
sebelumnya untuk aset dibalik hanya jika change in the assumptions used to determine
terdapat perubahan asumsi-asumsi yang the asset’s recoverable amount since the last
digunakan untuk menentukan jumlah terpulihkan impairment loss was recognized. If that is the
aset tersebut sejak rugi penurunan nilai terakhir case, the carrying amount of the asset is
diakui. Dalam hal ini, jumlah tercatat aset increased to its recoverable amount. The
dinaikkan ke jumlah terpulihkannya. Pembalikan reversal is limited so that the carrying amount
tersebut dibatasi sehingga jumlah tercatat aset of the assets does not exceed its recoverable
tidak melebihi jumlah terpulihkannya maupun amount nor exceed the carrying amount that
jumlah tercatat, neto setelah penyusutan, would have been determined, net of
seandainya tidak ada rugi penurunan nilai yang depreciation, had no impairment loss been
telah diakui untuk aset tersebut pada tahun recognized for the asset in prior years.
sebelumnya. Pembalikan rugi penurunan nilai Reversal of an impairment loss is recognized
diakui dalam laba rugi. in the profit and loss.
Setelah pembalikan tersebut, penyusutan aset After such a reversal, the depreciation charge
tersebut disesuaikan di periode mendatang on the said asset is adjusted in future periods
untuk mengalokasikan jumlah tercatat aset yang to allocate the asset’s revised carrying
direvisi, dikurangi nilai sisanya, dengan dasar amount, less any residual value, on a
yang sistematis selama sisa umur manfaatnya. systematic basis over its remaining useful life.
51
Laporan Tahunan 2025
Page 351
The original consolidated financial statements included herein 349
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
v. Laba per Saham v. Earnings per Share
Laba per saham dihitung berdasarkan rata-rata Earnings per share is computed based on the
tertimbang jumlah saham yang beredar selama weighted average number of issued and fully
periode yang bersangkutan. paid shares during the period.
Perusahaan tidak mempunyai efek berpotensi The Company has no outstanding dilutive
saham biasa yang bersifat dilutif pada tanggal potential ordinary shares as of December 31,
31 Desember 2025. 2025.
w. Informasi Segmen w. Segment Information
Untuk tujuan manajemen, Kelompok Usaha For management purposes, the Group is
dibagi menjadi empat (4) segmen operasi utama organized into four (4) main operating
berdasarkan produk dan jasa yang dikelola segments based on their products and
secara independen oleh masing-masing services which are independently managed by
pengelola segmen yang bertanggung jawab atas the respective segment managers for the
kinerja dari masing-masing segmen. Para performance of the respective segments
pengelola segmen melaporkan secara langsung under their charge. The segment managers
kepada manajemen yang secara teratur report directly to the management who
mengkaji laba segmen sebagai dasar untuk regularly review the segment results in order
mengalokasikan sumber daya ke masing-masing to allocate resources to the segments and to
segmen dan untuk menilai kinerja segmen. assess the segment performance. Additional
Pengungkapan tambahan pada masing-masing disclosures on each of these segments are
segmen terdapat dalam Catatan 32, termasuk shown in Note 32, including the factors used
faktor yang digunakan untuk mengidentifikasi to identify the reportable segments and the
segmen yang dilaporkan dan dasar pengukuran measurement basis of segment information.
informasi segmen.
Aset dan liabilitas yang digunakan bersama Assets and liabilities that relate jointly to one
dalam satu segmen atau lebih dialokasikan or more segments are allocated to their
kepada setiap segmen jika, dan hanya jika, respective segment, if and only if, their related
pendapatan dan beban yang terkait dengan aset revenues and expenses are also allocated to
tersebut juga dialokasikan kepada segmen- those segments.
segmen tersebut.
x. Pengukuran Nilai Wajar x. Fair Value Measurement
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 atau participants would use when pricing the asset
liabilitas tersebut, dengan asumsi bahwa pelaku or liability, assuming that market participants
pasar bertindak dalam kepentingan ekonomi act in their economic best interest.
terbaiknya.
Pengukuran nilai wajar dari suatu aset A fair value measurement of a non-financial
non-keuangan memperhitungkan kemampuan asset takes into account a market participant's
pelaku pasar untuk menghasilkan manfaat ability to generate economic benefits by using
ekonomik dengan menggunakan aset dalam the asset in its highest and best use or by
penggunaan tertinggi dan terbaiknya atau selling it to another market participant that
dengan menjualnya kepada pelaku pasar lain would use the asset in its highest and best
yang akan menggunakan aset tersebut pada use.
penggunaan tertinggi dan terbaiknya.
52
Laporan Tahunan 2025
Page 352
350 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
x. Pengukuran Nilai Wajar (lanjutan) x. Fair Value Measurement (continued)
Kelompok Usaha menggunakan teknik penilaian The Group uses valuation techniques that are
yang sesuai dengan keadaan dan data yang appropriate in the circumstances and for which
memadai tersedia untuk mengukur nilai wajar, sufficient data are available to measure fair
dengan memaksimalkan masukan yang dapat value, maximizing the use of relevant
diamati (observable) yang relevan dan observable inputs and minimizing the use of
meminimalkan masukan yang tidak dapat unobservable inputs.
diamati (unobservable).
Semua aset dan liabilitas yang nilai wajarnya All assets and liabilities for which fair value is
diukur atau diungkapkan dalam laporan measured or disclosed in the consolidated
keuangan konsolidasian dikategorikan dalam financial statements are categorised within the
hirarki nilai wajar berdasarkan level masukan fair value hierarchy, described as follows,
paling rendah yang signifikan terhadap based on the lowest level input that is
pengukuran nilai wajar secara keseluruhan significant to the fair value measurement as a
sebagai berikut: whole:
i) Level 1 - Harga kuotasian (tanpa i) Level 1 - Quoted (unadjusted) market
penyesuaian) di pasar aktif untuk aset atau prices in active markets for identical
liabilitas yang identik yang dapat diakses assets or liabilities.
entitas pada tanggal pengukuran.
ii) Level 2 - Teknik penilaian yang ii) Level 2 - Valuation techniques for which
menggunakan tingkat masukan (input) yang the lowest level input that is significant to
paling rendah yang signifikan terhadap the fair value measurement is directly or
pengukuran nilai wajar yang dapat diamati indirectly observable.
(observable) baik secara langsung atau
tidak langsung.
iii) Level 3 - Teknik penilaian yang iii) Level 3 - Valuation techniques for which
menggunakan tingkat masukan (input) yang the lowest level input that is significant to
paling rendah yang signifikan terhadap the fair value measurement is
pengukuran nilai wajar yang tidak dapat unobservable.
diamati (unobservable).
Untuk aset dan liabilitas yang diakui pada For assets and liabilities that are recognized in
laporan keuangan konsolidasian secara the consolidated financial statements on a
berulang, Kelompok Usaha menentukan apakah recurring basis, the Group determines whether
terdapat perpindahan antara Level dalam hirarki transfers have occurred between Levels in the
dengan melakukan evaluasi ulang atas hierarchy by re-assessing categorisation
penetapan kategori (berdasarkan Level (based on the lowest level input that is
masukan (input) paling rendah yang signifikan significant to the fair value measurement as a
terhadap pengukuran nilai wajar secara whole) at the end of each reporting period.
keseluruhan) pada tiap akhir periode pelaporan.
53
Laporan Tahunan 2025
Page 353
The original consolidated financial statements included herein 351
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi y. Source of Estimation Uncertainty
Penyusunan laporan keuangan konsolidasian The preparation of the Group’s consolidated
Kelompok Usaha mengharuskan manajemen financial statements requires management to
untuk membuat pertimbangan, estimasi dan make judgments, estimates and assumptions
asumsi yang mempengaruhi jumlah yang that affect the reported amounts of revenues,
dilaporkan dari pendapatan, beban, aset dan expenses, assets and liabilities, and the
liabilitas, dan pengungkapan atas liabilitas disclosure of contingent liabilities, at the end of
kontinjensi, pada akhir periode pelaporan. the reporting period. Uncertainty about these
Ketidakpastian mengenai asumsi dan estimasi assumptions and estimates could result in
tersebut dapat mengakibatkan penyesuaian outcomes that require a material adjustment to
material terhadap nilai tercatat aset dan liabilitas the carrying amount of the asset and liability
dalam periode pelaporan berikutnya. affected in future periods.
Pertimbangan Judgment
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by
dalam rangka penerapan kebijakan akuntansi management in the process of applying the
Kelompok Usaha yang memiliki pengaruh paling Group’s accounting policies that have the
signifikan atas jumlah yang diakui dalam laporan most significant effects on the amounts
keuangan konsolidasian: recognized in the consolidated financial
statements:
Pajak Penghasilan Income Tax
Ketidakpastian atas interpretasi dari peraturan Uncertainties exist with respect to the
pajak yang kompleks, perubahan peraturan interpretation of complex tax regulations,
pajak dan jumlah dan timbulnya penghasilan changes in tax laws, and the amount and
kena pajak di masa depan, dapat menyebabkan timing of future taxable income, could
penyesuaian di masa depan atas penghasilan necessitate future adjustments to tax income
dan beban pajak yang telah dicatat. and expense already recorded.
Pertimbangan signifikan dilakukan dalam Judgment is involved in determining the
menentukan provisi atas pajak penghasilan provision for corporate income tax. There are
badan. Terdapat transaksi dan perhitungan certain transactions and computation for which
tertentu yang penentuan pajak akhirnya adalah the ultimate tax determination is uncertain in
tidak pasti dalam kegiatan usaha normal. the ordinary course of business.
Kelompok Usaha mengakui liabilitas atas pajak The Group recognizes liabilities for expected
penghasilan badan berdasarkan estimasi corporate income tax issues based on
apakah akan terdapat tambahan pajak estimates of whether additional corporate
penghasilan badan. income tax will be due.
Tagihan atas Hasil Pemeriksaan Pajak Claims for Tax Refund and Tax Assessments
Berdasarkan peraturan perpajakan yang berlaku Based on the tax regulations currently
saat ini, manajemen mempertimbangkan apakah enacted, the management judged if the
jumlah yang tercatat dalam akun di atas dapat amounts recorded under the above account
dipulihkan dan dikembalikan oleh Kantor Pajak. are recoverable and refundable by the Tax
Penjelasan lebih lanjut atas akun ini Office. Further explanations regarding this
diungkapkan pada Catatan 26. account are provided in Note 26.
54
Laporan Tahunan 2025
Page 354
352 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Pertimbangan (lanjutan) Judgment (continued)
Penentuan Mata Uang Fungsional Determination of Functional Currency
Mata uang fungsional dari setiap entitas dalam The functional currency of each entity in the
Kelompok Usaha adalah mata uang dari Group is the currency from the primary
lingkungan ekonomi utama di mana entitas economic environment where such entity
tersebut beroperasi. Mata uang tersebut adalah operates. Those currencies are the currencies
mata uang yang mempengaruhi pendapatan dan that influence the revenues and costs of each
biaya dari masing-masing entitas. Penentuan respective entity. The determination of
mata uang fungsional bisa membutuhkan functional currency may require judgment due
pertimbangan karena berbagai kompleksitas, to various complexity, among others, the entity
antara lain, suatu entitas dapat bertransaksi may transact in more than one currency in its
dalam lebih dari satu mata uang dalam aktivitas daily business activities.
usahanya sehari-hari.
Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan ketidakpastian The key assumptions concerning the future
sumber estimasi utama yang lain pada tanggal and other key sources of estimation
pelaporan yang memiliki risiko signifikan bagi uncertainty at the reporting date that have a
penyesuaian yang material terhadap nilai significant risk of causing a material
tercatat aset dan liabilitas untuk tahun berikutnya adjustment to the carrying amounts of assets
diungkapkan di bawah ini. Kelompok Usaha and liabilities within the next financial year are
mendasarkan asumsi dan estimasi pada disclosed below. The Group based its
parameter yang tersedia pada saat laporan assumptions and estimates on parameters
keuangan konsolidasian disusun. Asumsi dan available when the consolidated financial
situasi mengenai perkembangan masa depan statements were prepared. Existing
mungkin berubah akibat perubahan pasar atau circumstances and assumptions about future
situasi di luar kendali Kelompok Usaha. developments may change due to market
Perubahan tersebut dicerminkan dalam asumsi changes or circumstances arising beyond the
terkait pada saat terjadinya. control of the Group. Such changes are
reflected in the assumptions when they occur.
55
Laporan Tahunan 2025
Page 355
The original consolidated financial statements included herein 353
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Provisi Kerugian Kredit Ekspektasian (KKE) atas Provision for Expected Credit Losses (ECL) of
Piutang Usaha Trade Receivable
Kelompok Usaha menetapkan estimasi The Group estimates impairment allowance
penyisihan penurunan nilai piutang usaha for trade receivables using simplified approach
menggunakan pendekatan yang of ECL. The Group mainly uses individual
disederhanakan dari KKE. Kelompok Usaha impairment assessment for various customers
terutama menggunakan penilaian penurunan in respect to provide allowance for ECL of
nilai secara individu untuk sejumlah pelanggan trade receivables at the reporting date. In
dalam melakukan pencadangan KKE atas general, in assessing the individual basis of
piutang usaha pada tanggal pelaporan. Secara impairment of trade receivables, management
umum, dalam menilai penurunan nilai secara exercised judgments to evaluate the
individu atas piutang usaha, manajemen collectability from individual customers after
menggunakan pertimbangan untuk taking into account their creditworthiness,
mengevaluasi kolektibilitas dari pelanggan whether they have financial difficulties,
secara individual dengan mempertimbangkan experience of default or delinquency in interest
kelayakan kredit pelanggan, kesulitan finansial or principal payments, the probability that they
yang dialami pelanggan, pengalaman gagal will enter bankruptcy and aging analysis, and
bayar atau tunggakan pembayaran bunga atau if applicable, the fair value of collateral
pokok, probabilitas pelanggan akan mengalami provided by customers. This involves
kebangkrutan dan analisis umur jatuh tempo, judgment as the allowance for ECL must
dan bila dapat diterapkan, nilai wajar jaminan reflect information about past events, current
yang diberikan oleh pelanggan. Hal ini conditions and forecasts of future conditions,
melibatkan pertimbangan bahwa cadangan KKE as well as the time value of money.
harus mencerminkan informasi peristiwa masa
lalu, masa kini, dan informasi yang bersifat
perkiraan masa depan, serta nilai waktu uang.
Kelompok Usaha juga menggunakan matriks The Group also uses a provision matrix to
provisi untuk menghitung KKE untuk piutang calculate ECLs for trade receivables. The
usaha. Tingkat provisi didasarkan pada hari provision rates are based on days past due for
lewat jatuh tempo untuk pengelompokan groupings of various customer segments that
berbagai segmen pelanggan yang memiliki pola have similar loss patterns (i.e., by geography,
kerugian yang serupa (yaitu, berdasarkan product type, customer type and rating, and
wilayah geografis, jenis produk, jenis dan coverage by letters of credit and other forms of
peringkat pelanggan, dan pertanggungan credit insurance).
berdasarkan surat kredit dan bentuk asuransi
kredit lainnya).
56
Laporan Tahunan 2025
Page 356
354 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Provisi Kerugian Kredit Ekspektasian (KKE) atas Provision for Expected Credit Losses (ECL) of
Piutang Usaha (lanjutan) Trade Receivable (continued)
Matriks provisi pada awalnya didasarkan pada The provision matrix is initially based on the
tingkat gagal bayar Kelompok Usaha yang Group’s historical observed default rates. The
diamati secara historis. Kelompok Usaha akan Group will calibrate the matrix to adjust the
mengkalibrasi matriks untuk menyesuaikan historical credit loss experience with forward-
pengalaman kerugian kredit historis dengan looking information. For instance, if forecast
informasi yang bersifat perkiraan masa depan economic conditions (i.e., crude oil, BI-7 days
(forward-looking). Misalnya, jika perkiraan repo rate, Jakarta Composite Index) are
kondisi ekonomi (yaitu, minyak mentah, BI-7 expected to deteriorate/recover over the next
days repo rate, Jakarta Composite Index) year which can lead to an increased number
diekspektasikan akan memburuk/membaik pada of defaults in the industrial sector, the historical
tahun berikutnya yang dapat menyebabkan default rates are adjusted. At every reporting
peningkatan jumlah gagal bayar di sektor date, the historical observed default rates are
industri, tingkat gagal bayar historis disesuaikan. updated and changes in the forward-looking
Pada setiap tanggal pelaporan, tingkat gagal estimates are analyzed.
bayar yang diamati secara historis diperbarui
dan perubahan dalam estimasi perkiraan masa
depan dianalisis.
Penilaian korelasi antara tingkat default yang The assessment of the correlation between
diamati secara historis, prakiraan kondisi historical observed default rates, forecast
ekonomi, dan KKE adalah estimasi yang economic conditions and ECLs is a significant
signifikan. Jumlah KKE sensitif terhadap estimate. The amount of ECLs is sensitive to
perubahan keadaan dari informasi pelanggan changes in circumstances of customer
dan prakiraan kondisi ekonomi. Pengalaman information and of forecast economic
kerugian kredit historis Kelompok Usaha dan conditions. The Group’s historical credit loss
perkiraan kondisi ekonomi mungkin juga tidak experience and forecast of economic
mewakili gagal bayar pelanggan yang conditions may also not be representative of
sebenarnya di masa depan. Informasi tentang customer’s actual default in the future. The
KKE pada piutang usaha Kelompok Usaha information about the ECLs on the Group’s
diungkapkan dalam Catatan 5. trade receivables is disclosed in Note 5.
Sewa Leases
Kelompok Usaha tidak dapat dengan mudah The Group can not readily determine the
menentukan tingkat bunga implisit dalam sewa, implicit interest rate in the lease, therefore, the
oleh karena itu Kelompok Usaha menggunakan Group uses the Incremental Borrowing Rate
suku bunga pinjaman tambahan (“IBR”) untuk (“IBR”) to measure lease liabilities. There are
mengukur liabilitas sewa. Ada sejumlah faktor number factors to consider in determining an
yang perlu dipertimbangkan dalam menentukan incremental borrowing rate. The Group
IBR. Kelompok Usaha mempertimbangkan considers the following main factors: the
faktor-faktor utama berikut: risiko kredit Company’s corporate credit risk, the lease
perusahaan, jangka waktu sewa, jangka waktu term, the lease payment term, the time at
pembayaran sewa, waktu di mana sewa which the lease is entered into, and the
dimasukkan, dan mata uang di mana currency in which the lease payments are
pembayaran sewa dalam denominasi. denominated.
57
Laporan Tahunan 2025
Page 357
The original consolidated financial statements included herein 355
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Sewa (lanjutan) Leases (continued)
Dalam menentukan jangka waktu sewa, In determining the lease term, the Company
Perusahaan mempertimbangkan semua fakta considers all facts and circumstances that
dan keadaan yang menciptakan insentif ekonomi create an economic incentive to exercise an
untuk menggunakan opsi perpanjangan, atau extension option, or not exercise a termination
tidak menggunakan opsi terminasi. Opsi option. Extension options (or periods after
perpanjangan (atau periode setelah opsi termination options) are only included in the
pemutusan hubungan kerja) hanya termasuk lease term if the lease is reasonably certain to
dalam jangka waktu sewa jika sewa tersebut be extended (or not terminated).
dipastikan akan diperpanjang (atau tidak
dihentikan).
Pensiun dan Imbalan Kerja Pension and Employee Benefits
Pengukuran liabilitas imbalan kerja Kelompok The measurement of the Group’s employee
Usaha bergantung pada pemilihan asumsi yang benefits liability is dependent on its selection
digunakan oleh aktuaris independen dalam of certain assumptions used by the
menghitung jumlah-jumlah tersebut. Asumsi independent actuaries in calculating such
tersebut termasuk antara lain, tingkat diskonto, amounts. Those assumptions include among
tingkat kenaikan gaji tahunan, tingkat others, discount rates, future annual salary
pengunduran diri karyawan tahunan, tingkat increase, annual employee turn-over rate,
kecacatan, umur pensiun dan tingkat kematian. disability rate, retirement age and mortality
Keuntungan atau kerugian aktuarial yang timbul rate. Actuarial gains or losses arising from
dari penyesuaian dan perubahan dalam asumsi- experience adjustments and changes in
asumsi aktuarial diakui secara langsung pada actuarial assumptions are recognized
laporan posisi keuangan konsolidasian dengan immediately in the consolidated statement of
debit atau kredit ke saldo laba melalui PKL dalam financial position with a corresponding debit or
periode terjadinya. credit to retained earnings through OCI in the
period which they occur.
Sementara Kelompok Usaha berkeyakinan While the Group believes that its assumptions
bahwa asumsi tersebut adalah wajar dan sesuai, are reasonable and appropriate, significant
perbedaan signifikan pada hasil aktual atau differences in the Group’s actual experiences
perubahan signifikan dalam asumsi yang or significant changes in the Group’s
ditetapkan Kelompok Usaha dapat assumptions may materially affect its
mempengaruhi secara material liabilitas estimated liabilities for pension and employee
diestimasi atas pensiun dan imbalan kerja dan benefits and net employee benefits expense.
beban imbalan kerja neto.
Nilai tercatat atas estimasi liabilitas imbalan kerja The carrying amounts of the Group’s
Kelompok Usaha pada tanggal-tanggal estimated employee benefits liabilities at
pelaporan diungkapkan dalam Catatan 28. reporting dates are disclosed in Note 28.
58
Laporan Tahunan 2025
Page 358
356 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Pembayaran Berbasis Saham Share-based Payments
Dalam mengestimasi nilai wajar untuk transaksi Estimating fair value for share-based payment
pembayaran berbasis saham memerlukan transactions requires determination of the
penentuan model penilaian yang paling tepat, most appropriate valuation model, which
yang bergantung pada syarat dan ketentuan depends on the terms and conditions of the
pemberian. Estimasi ini juga membutuhkan grant. This estimate also requires
penentuan input yang paling tepat untuk model determination of the most appropriate inputs to
penilaian termasuk umur ekspektasian dari opsi the valuation model including the expected life
saham, volatilitas dan hasil dividen dan membuat of the share option, volatility and dividend yield
asumsi atas hal tersebut. Untuk pengukuran nilai and making assumptions about them. For the
wajar transaksi yang diselesaikan dengan measurement of the fair value of equity-settled
ekuitas dengan karyawan pada tanggal transactions with employees at the grant date,
pemberian, Kelompok Usaha menggunakan the Group uses black-scholes model. The
model black-scholes. Asumsi dan model yang assumptions and models used for estimating
digunakan untuk mengestimasi nilai wajar fair value for share-based payment
transaksi pembayaran berbasis saham transactions are disclosed in Note 20.
diungkapkan dalam Catatan 20.
Penyusutan Aset Tetap Depreciation of Property, Plant and Equipment
(PPE)
Biaya perolehan aset tetap disusutkan dengan The costs of PPE are depreciated on a
menggunakan metode garis lurus berdasarkan straight-line method over their estimated
estimasi masa manfaat ekonomisnya, kecuali useful lives, except for landrights which is not
hak atas tanah tidak diamortisasi. Manajemen amortized. Management estimates the useful
mengestimasi masa manfaat ekonomis aset lives of these PPE to be within 2 to 30 years.
tetap antara 2 sampai dengan 30 tahun. Umur These are common life expectancies applied
masa manfaat ini adalah umur yang secara in the industries where the Group conducts its
umum diharapkan dalam industri di mana businesses. Changes in the expected level of
Kelompok Usaha menjalankan bisnisnya. usage and technological development could
Perubahan tingkat pemakaian dan impact the economic useful lives and the
perkembangan teknologi dapat mempengaruhi residual values of these assets and therefore
masa manfaat ekonomis dan nilai sisa aset, dan future depreciation charges could be revised.
karenanya biaya penyusutan masa depan The net carrying amounts of the Group’s PPE
mungkin direvisi. Nilai tercatat neto atas aset at reporting dates are disclosed in Note 10.
tetap Kelompok Usaha pada tanggal-tanggal
pelaporan diungkapkan dalam Catatan 10.
59
Laporan Tahunan 2025
Page 359
The original consolidated financial statements included herein 357
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Penurunan Nilai Aset Non-Keuangan Impairment of Non-Financial Assets
Penurunan nilai terjadi pada saat nilai tercatat An impairment exists when the carrying value
aset atau UPK melebihi jumlah terpulihkannya, of an asset or CGU exceeds its recoverable
yaitu yang lebih tinggi antara nilai wajar dikurangi amount, which is the higher of its fair value
biaya untuk menjual dan nilai pakainya. Nilai less costs to sell and its value in use. The fair
wajar dikurangi biaya untuk menjual dan nilai value less costs to sell and the value in use
pakai diestimasi berdasarkan arus kas masa are estimated based on the net future cash
depan neto yang didiskontokan ke nilai kini flows discounted to their present values using
dengan menggunakan tingkat diskonto sebelum a pre-tax discount rate that reflects current
pajak yang menggambarkan penilaian pasar kini market assessments of the time value of
dari nilai waktu uang dan risiko spesifik atas UPK money and the specific risks to the related
terkait. CGU.
Nilai terpulihkan paling sensitif terhadap tingkat The recoverable amount is most sensitive to
diskonto yang digunakan untuk model arus kas the discount rate used for the discounted cash
yang didiskontokan seperti halnya dengan arus flow model as well as the expected future
kas masuk masa depan yang diharapkan dan cash inflows and the growth rate used for
tingkat pertumbuhan yang digunakan untuk extrapolation purposes. The management
tujuan ekstrapolasi. Manajemen berkeyakinan believes that no impairment loss is required at
bahwa tidak diperlukan pencatatan kerugian reporting dates.
penurunan nilai pada tanggal-tanggal pelaporan.
Aset Pajak Tangguhan Deferred Tax Assets
Aset pajak tangguhan diakui atas seluruh rugi Deferred tax assets are recognized for all
fiskal yang belum digunakan sepanjang besar unused tax losses to the extent that it is
kemungkinannya bahwa penghasilan kena pajak probable that taxable profit will be available
akan tersedia, sehingga rugi fiskal tersebut dapat against which the tax losses can be utilized.
digunakan. Estimasi signifikan oleh manajemen Significant management estimates are
diharuskan dalam menentukan jumlah aset pajak required to determine the amount of deferred
tangguhan yang dapat diakui berdasarkan saat tax assets that can be recognized based upon
penggunaan dan tingkat penghasilan kena pajak the likely timing and the level of future taxable
serta strategi perencanaan pajak masa depan. profits together with future tax planning
strategies.
60
Laporan Tahunan 2025
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358 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
2. IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI 2. SUMMARY OF MATERIAL ACCOUNTING
MATERIAL (lanjutan) POLICIES INFORMATION (continued)
y. Ketidakpastian Sumber Estimasi (lanjutan) y. Source of Estimation Uncertainty
(continued)
Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Penyisihan Penurunan Nilai Pasar dan Allowance for Decline in Market Values and
Keusangan Persediaan Obsolescence of Inventories
Penyisihan nilai realisasi neto persediaan Allowance for net realizable value of
diestimasi berdasarkan fakta dan situasi yang inventories is estimated based on the best
tersedia, termasuk namun tidak terbatas kepada, available facts and circumstances, including
kondisi fisik persediaan yang dimiliki, harga jual but not limited to, the inventories’ own physical
pasar, estimasi biaya penyelesaian dan estimasi conditions, their market selling prices,
biaya yang timbul untuk penjualan. Penyisihan estimated costs of completion and estimated
dievaluasi kembali dan disesuaikan jika terdapat costs to be incurred for their sales. The
tambahan informasi yang mempengaruhi jumlah allowance is re-evaluated and adjusted as
yang diestimasi. Nilai tercatat persediaan additional information received affects the
Kelompok Usaha sebelum penyisihan nilai amount estimated. The carrying amount of the
realisasi neto diungkapkan dalam Catatan 6. Group’s inventories before allowance for net
realizable value are disclosed in Note 6.
z. Perubahan Kebijakan Akuntansi z. Changes in Accounting Principles
Kelompok Usaha menerapkan pertama kali The Group made first time adoption of all the
seluruh standar baru dan/atau yang direvisi yang new and/or revised standards effective for the
berlaku efektif untuk periode yang periods beginning on or after January 1, 2025,
berlaku pada atau setelah 1 Januari 2025, including the following revised standards that
termasuk standar yang direvisi berikut have affected the consolidated financial
ini yang mempengaruhi laporan keuangan statements of the Group:
konsolidasian Kelompok Usaha:
Amandemen PSAK 221: Kekurangan Amendment of PSAK 221: Lack of
Ketertukaran Exchangeability
Amandemen tersebut menetapkan bagaimana The amendments specifies how an entity
entitas harus menilai apakah suatu mata uang should assess whether a currency is
dapat dipertukarkan serta bagaimana entitas exchangeable and how it should determine a
harus menentukan kurs spot ketika ketertukaran spot exchange rate when exchangeability is
(exchangeability) tidak tersedia. Amandemen lacking. The amendments also require
tersebut juga mensyaratkan pengungkapan disclosure of information that enables users of
informasi yang memungkinkan pengguna its financial statements to understand how the
laporan keuangan untuk memahami bagaimana currency not being exchangeable into the
ketidakmampuan mata uang tersebut untuk other currency affects, or is expected to affect,
dipertukarkan dengan mata uang lainnya the entity’s financial performance, financial
memengaruhi, atau diharapkan akan position and cash flows.
memengaruhi, kinerja keuangan, posisi
keuangan, dan arus kas entitas.
Amandemen ini tidak memiliki dampak terhadap The amendments had no impact on the
laporan keuangan konsolidasian Kelompok Group’s consolidated financial statements.
Usaha.
61
Laporan Tahunan 2025
Page 361
The original consolidated financial statements included herein 359
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
3. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN 3. FAIR VALUE OF FINANCIAL ASSETS AND
LIABILITIES
Instrumen keuangan yang disajikan dalam laporan Financial instruments presented in the
posisi keuangan konsolidasian dicatat sebesar nilai consolidated statement of financial position are
wajar, atau disajikan dalam jumlah tercatat baik carried at fair value, otherwise, they are presented
karena jumlah tersebut adalah kurang lebih sebesar at carrying amounts as either these are reasonable
nilai wajarnya atau karena nilai wajarnya tidak dapat approximation of fair values, or their fair values
diukur secara handal. cannot be reliably measured.
Nilai wajar aset dan liabilitas keuangan disajikan The fair values of the financial assets and liabilities
dalam jumlah dimana instrumen tersebut dapat are presented at the amounts which instruments
dipertukarkan dalam transaksi kini antara pihak-pihak could be exchanged in a current transaction
yang berkeinginan (willing parties), bukan dalam between willing parties, not in a forced sale or
penjualan akibat kesulitan keuangan atau likuidasi liquidation.
yang dipaksakan.
Metode dan asumsi berikut ini digunakan untuk The following methods and assumptions were
mengestimasi nilai wajar untuk setiap kelompok used to estimate the fair value of each class of
instrumen keuangan yang praktis untuk financial instruments for which it is practicable to
memperkirakan nilai tersebut: estimate such value:
1. Kas dan setara kas, piutang usaha - neto, 1. Cash and cash equivalents, trade receivables
piutang lain-lain dan aset lancar lainnya. - net, other receivables and other current
assets.
Seluruh aset keuangan tersebut merupakan aset All these financial assets are short-term
keuangan jangka pendek yang akan jatuh tempo financial assets that will due within
dalam waktu 12 bulan, sehingga nilai tercatat 12 months, thus the carrying values of the
aset keuangan tersebut kurang lebih telah financial assets approximate their fair values.
mencerminkan nilai wajarnya. Piutang forward Forward receivables are carried at their fair
dicatat sebesar nilai wajarnya dengan values using forward pricing model.
menggunakan model forward pricing.
2. Aset keuangan tidak lancar. 2. Non-current financial assets.
Aset keuangan yang disajikan pada akun ini The financial assets presented in this account
merupakan piutang usaha jangka panjang dari comprises of long-term trade receivables from
pihak ketiga - neto dan uang jaminan. third parties - net and refundable deposits.
Piutang usaha jangka panjang dari pihak ketiga - Long-term trade receivables from third parties
neto merupakan aset keuangan yang tidak - net are financial assets which bear no interest
dikenakan bunga dan disajikan pada nilai kini and are presented at the net present value of
dari estimasi penerimaan kas di masa the estimated future cash receipts using
mendatang dengan menggunakan bunga pasar market interest rate available for debt with
yang tersedia untuk instrumen yang kurang lebih approximately similar characteristics.
sejenis.
62
Laporan Tahunan 2025
Page 362
360 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
3. NILAI WAJAR ASET DAN LIABILITAS KEUANGAN 3. FAIR VALUE OF FINANCIAL ASSETS AND
(lanjutan) LIABILITIES (continued)
3. Hutang bank jangka pendek, hutang usaha, 3. Short-term bank loan, trade payables, other
hutang lain-lain - pihak ketiga, biaya yang masih payables - third parties, accrued expenses,
harus dibayar, liabilitas sewa jangka pendek dan current lease liabilities and dividend payable.
hutang dividen.
Seluruh liabilitas keuangan tersebut merupakan All these financial liabilities are due within 12
liabilitas jangka pendek yang akan jatuh tempo months thus the carrying value of the financial
dalam waktu 12 bulan, sehingga nilai tercatat liabilities approximate their fair values.
liabilitas keuangan tersebut kurang lebih telah Forward payables are carried at their fair
mencerminkan nilai wajarnya. Hutang forward values using forward pricing model.
dicatat sebesar nilai wajarnya dengan
menggunakan model forward pricing.
4. Hutang bank jangka panjang dan lainnya dan 4. Long-term bank loans and others and bonds
hutang obligasi, termasuk bagian jatuh tempo payables, including their current maturities,
dalam waktu satu tahun, liabilitas sewa jangka non-current lease liabilities, and dividend
panjang, dan hutang dividen. payable.
Hutang bank jangka panjang dan lainnya The long-term bank loans and others are
merupakan pinjaman yang memiliki suku bunga liabilities with floating market interest rates,
pasar variabel, sehingga nilai tercatat liabilitas thus the carrying values of the financial
keuangan tersebut kurang lebih telah liabilities approximate their fair values. Bonds
mencerminkan nilai wajarnya. Hutang obligasi payables are liabilities with fixed interest rates,
merupakan pinjaman yang memiliki suku bunga however the fair value is not significant
tetap, namun nilai wajarnya tidak berubah secara changed compared to its carrying value.
signifikan dibandingkan dengan nilai tercatatnya.
Liabilitas sewa disajikan pada nilai kini dari Lease liabilities are presented at the net
estimasi pengeluaran kas di masa mendatang present value of the estimated future cash
dengan menggunakan suku bunga inkremental flows using incremental borrowing rate for debt
untuk pinjaman yang kurang lebih sejenis. with approximately similar characteristic.
63
Laporan Tahunan 2025
Page 363
The original consolidated financial statements included herein 361
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
4. KAS DAN SETARA KAS 4. CASH AND CASH EQUIVALENTS
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Kas 18.040.128 17.426.643 Cash on hand
Bank - Pihak ketiga Cash in banks - Third parties
Rupiah Rupiah
PT Bank Mizuho Indonesia 1.135.627.382 100.930.538 PT Bank Mizuho Indonesia
PT Bank Permata Tbk 1.091.887.477 627.674.517 PT Bank Permata Tbk
PT Bank Maybank lndonesia Tbk 605.904.925 585.459.238 PT Bank Maybank lndonesia Tbk
PT Bank Mandiri (Persero) Tbk 321.432.591 366.680.948 PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk 318.714.419 157.496.577 PT Bank Negara Indonesia (Persero) Tbk
PT Bank CIMB Niaga Tbk 195.472.986 39.918.511 PT Bank CIMB Niaga Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 63.421.302 47.627.325 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Central Asia Tbk 63.377.948 65.335.912 PT Bank Central Asia Tbk
PT Bank Danamon Indonesia Tbk 20.982.343 224.267.994 PT Bank Danamon Indonesia Tbk
Standard Chartered Bank 1.843.421 38.127.241 Standard Chartered Bank
Lain-lain 289.262 236.103 Others
Dolar AS US Dollar
PT Bank Negara Indonesia (Persero) Tbk 1.264.713.116 752.997.395 PT Bank Negara Indonesia (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 391.637.832 669.148.128 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 294.032.592 741.453.126 PT Bank Mandiri (Persero) Tbk
PT Bank Permata Tbk 30.579.635 24.051.602 PT Bank Permata Tbk
PT Bank CIMB Niaga Tbk 10.065.518 3.100.644 PT Bank CIMB Niaga Tbk
Bank of China 6.539.258 377.143 Bank of China
PT Bank Central Asia Tbk 6.367.704 4.048.546 PT Bank Central Asia Tbk
Standard Chartered Bank 4.926.800 6.019.810 Standard Chartered Bank
PT Bank Danamon Indonesia Tbk 2.568.364 3.550.427 PT Bank Danamon Indonesia Tbk
PT Bank Maybank lndonesia Tbk 1.559.604 411.783.104 PT Bank Maybank lndonesia Tbk
PT Bank UOB Indonesia 1.257.514 1.664.085 PT Bank UOB Indonesia
PT Bank Mizuho Indonesia 319.716 1.838.536 PT Bank Mizuho Indonesia
Lain-lain 761.091 902.773 Others
Lainnya 1.970.420 1.937.864 Others
Sub-total 5.836.253.220 4.876.628.088 Sub-total
Deposito berjangka - Pihak ketiga Time deposits - Third parties
Rupiah Rupiah
PT Bank Maybank lndonesia Tbk 130.000.000 246.000.000 PT Bank Maybank lndonesia Tbk
PT Bank Permata Tbk 56.539.576 112.850.000 PT Bank Permata Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Timur Tbk 27.000.000 27.500.000 Jawa Timur Tbk
PT Bank Negara Indonesia (Persero) Tbk 25.000.000 25.000.000 PT Bank Negara Indonesia (Persero) Tbk
PT Bank BTPN Syariah Tbk - 5.000.000 PT Bank BTPN Syariah Tbk
Dolar AS US Dollar
DBS Bank Singapore 135.209.817 53.137.186 DBS Bank Singapore
PT Bank Permata Tbk 107.838.583 - PT Bank Permata Tbk
PT Bank Maybank lndonesia Tbk 68.418.051 2.449.691 PT Bank Maybank lndonesia Tbk
Sub-total 550.006.027 471.936.877 Sub-total
Total 6.404.299.375 5.365.991.608 Total
64
Laporan Tahunan 2025
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362 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
4. KAS DAN SETARA KAS (lanjutan) 4. CASH AND CASH EQUIVALENTS (continued)
Tingkat suku bunga deposito per tahun pada tanggal Interest rates on time deposits per year as of
31 Desember 2025 dan 2024 adalah sebagai berikut: December 31, 2025 and 2024 are as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31 2025 Dec. 31, 2024
Rupiah 2,25% - 6,50% 4,70% - 7,00% Rupiah
Dolar AS 3,13% - 4,90% 3,83% - 5,30% US Dollar
5. PIUTANG 5. ACCOUNT RECEIVABLES
a. Piutang Usaha a. Trade Receivables
Berdasarkan pelanggan: By debtor:
31 Des. 2025/ 31 Des. 2024/
Dec. 31 2025 Dec. 31, 2024
Pihak berelasi (Catatan 31) 148.422 943.477 Related parties (Note 31)
Pihak ketiga 11.095.130.893 8.034.325.171 Third parties
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (106.027.293) (99.124.121) expected credit losses
Penyesuaian nilai wajar (220.011.872) (68.224.819) Fair value adjustment
Total 10.769.240.150 7.867.919.708 Total
Dikurangi bagian jangka panjang (1.224.582.641) (304.429.436) Less non-current portion
Neto 9.544.657.509 7.563.490.272 Net
Berdasarkan umur: By age:
31 Des. 2025/ 31 Des. 2024/
Dec. 31 2025 Dec. 31, 2024
Belum jatuh tempo 9.984.363.909 6.903.052.609 Not yet due
Jatuh tempo: Past due:
1 - 30 hari 221.295.079 372.181.600 1 - 30 days
31 - 60 hari 97.858.407 131.721.552 31 - 60 days
> 60 hari 768.602.631 581.462.976 > 60 days
Sub-total 11.072.120.026 7.988.418.737 Sub-total
WAPU PPN 23.159.289 46.849.911 VAT Collector
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (106.027.293) (99.124.121) expected credit losses
Penyesuaian nilai wajar (220.011.872) (68.224.819) Fair value adjustment
Neto 10.769.240.150 7.867.919.708 Net
65
Laporan Tahunan 2025
Page 365
The original consolidated financial statements included herein 363
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
5. PIUTANG (lanjutan) 5. ACCOUNT RECEIVABLES (continued)
a. Piutang Usaha (lanjutan) a. Trade Receivables (continued)
Berdasarkan mata uang: By currency:
31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Rupiah 6.193.268.560 4.735.522.348 Rupiah
Dolar AS 4.902.010.755 3.299.746.300 US Dollar
Total 11.095.279.315 8.035.268.648 Total
Dikurangi: Less:
Penyisihan kerugian Allowance for
kredit ekspektasian (106.027.293) (99.124.121) expected credit losses
Penyesuaian nilai wajar (220.011.872) (68.224.819) Fair value adjustment
Neto 10.769.240.150 7.867.919.708 Net
Mutasi akun cadangan penyisihan kerugian The changes in the allowance for expected
kredit ekspektasian sebagai berikut: credit losses are as follows:
31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Saldo awal 99.124.121 94.400.857 Beginning balance
Penambahan 20.838.513 6.745.428 Additions
Penghapusan (13.935.341) (2.022.164) Written off
Saldo akhir 106.027.293 99.124.121 Ending balance
Berdasarkan hasil penelaahan terhadap adanya Based on the results of review for impairment
penurunan nilai pada akhir tahun, manajemen at the end of the year, the management
berkeyakinan bahwa penyisihan atas penurunan believes that the above allowance for
nilai piutang usaha di atas cukup untuk menutup impairment of trade receivables is sufficient to
kerugian atas penurunan nilai piutang tersebut. cover losses from impairment of such
receivables.
b. Piutang Lain-lain b. Other Receivables
31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Pihak berelasi Related parties
Lain-lain (Catatan 31) 2.315.888 5.357.930 Others (Note 31)
Pihak ketiga Third parties
Piutang klaim asuransi 10.130.621 4.409.539 Insurance claim receivables
Piutang karyawan 4.409.285 5.474.964 Employee receivables
Lain-lain 28.847.121 29.026.478 Others
Total 43.387.027 38.910.981 Total
Manajemen berpendapat tidak diperlukan Management believes that no allowance for
cadangan kerugian kredit ekspektasian atas expected credit losses on other receivables is
kemungkinan tidak tertagihnya piutang lain-lain. required to cover possible losses on
uncollectible accounts.
66
Laporan Tahunan 2025
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364 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
6. PERSEDIAAN - NETO 6. INVENTORIES - NET
31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Barang jadi 2.349.040.996 3.290.935.538 Finished goods
Bahan baku 212.741.126 124.590.517 Raw materials
Bahan kemasan 4.571.179 3.668.156 Packing materials
Suku cadang dan lain-lain 34.758.331 43.569.320 Spare parts and others
Total 2.601.111.632 3.462.763.531 Total
Persediaan yang dibebankan ke beban pokok Inventories charged to cost of sales and revenues
penjualan dan pendapatan adalah sebesar for year ended December 31, 2025 amounted to
Rp37.539.175.692 pada tahun yang berakhir pada Rp37,539,175,692 (2024: Rp32,272,580,889)
tanggal 31 Desember 2025 (2024: (Note 24).
Rp32.272.580.889) (Catatan 24).
Manajemen berpendapat bahwa tidak diperlukan Management believes that no allowance for decline
penyisihan penurunan nilai persediaan pada tanggal- in value of inventories is required at reporting
tanggal pelaporan. dates.
Persediaan telah diasuransikan kepada pihak ketiga The inventories are insured to third parties against
terhadap risiko kerugian akibat kebakaran, pencurian losses from fire, theft and other risks under blanket
dan risiko lainnya berdasarkan paket polis policies at reporting dates as mentioned below:
sebagaimana yang dijelaskan di bawah ini:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Dolar AS 115.126.375 204.178.946 US Dollar
Rupiah 563.746.617 520.364.165 Rupiah
Manajemen berpendapat bahwa nilai pertanggungan Management believes that the insurance coverage
tersebut cukup untuk menutupi kemungkinan is adequate to cover possible losses arising from
timbulnya kerugian akibat risiko tersebut. such risks.
Nilai asuransi tersebut mencakup asuransi untuk The insurance amounts cover the inventories of the
persediaan milik Kelompok Usaha serta persediaan Group, and the inventories of the Company's
milik pelanggan Perusahaan yang berada di bawah customers are stored in the Company’s premises,
tanggung jawab Perusahaan. Manajemen which are under the Company's responsibility.
berpendapat bahwa nilai pertanggungan tersebut Management believes that the insurance coverage
cukup untuk menutupi kemungkinan timbulnya is adequate to cover possible losses arising from
kerugian akibat risiko tersebut. such risks.
7. BIAYA DIBAYAR DI MUKA 7. PREPAID EXPENSES
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Asuransi dibayar di muka 25.868.136 23.162.841 Prepaid insurance
Pemeliharaan dibayar di muka 19.944.326 19.402.196 Prepaid maintenance
Perizinan dan lisensi dibayar di muka 19.357.623 16.831.884 Prepaid permits and licenses
Sewa tanah dan bangunan dibayar di muka 2.496.303 2.651.698 Prepaid land and building rents
Lain-lain 20.413.996 19.713.519 Others
Total 88.080.384 81.762.138 Total
67
Laporan Tahunan 2025
Page 367
The original consolidated financial statements included herein 365
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
8. ASET LANCAR LAINNYA 8. OTHER CURRENT ASSETS
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Tagihan pengembalian pajak
(Catatan 26c) 418.764.932 415.609.983 Claims for tax refund (Note 26c)
Lain-lain 12.225.594 12.800.369 Others
Total 430.990.526 428.410.352 Total
9. INVESTASI PADA ENTITAS ASOSIASI 9. INVESTMENTS IN ASSOCIATES
Perusahaan, melalui Entitas Anaknya, memiliki The Company, through its Subsidiaries, has
investasi dalam entitas-entitas berikut pada tanggal investments in the following entities as of
31 Desember 2025 dan 2024: December 31, 2025 and 2024:
Bagian atas
laba
Persentase Saldo entitas Saldo
Pemilikan/ 1 Jan. 2025/ asosiasi/ 31 Dec. 2025/
Percentage Balance Share in profit Pengurangan/ Balance
of Ownership Jan. 1, 2025 of associates Deduction Dec. 31, 2025
Metode Ekuitas Equity Method
PT Berlian Manyar PT Berlian Manyar
Sejahtera (BMS) 40,00% 491.864.030 52.203.548 8.242.486 535.825.092 Sejahtera (BMS)
PT Energi Manyar PT Energi Manyar
Sejahtera (EMS) 45,00% 495.793* (3.825) 491.968 - Sejahtera (EMS)
Total 492.359.823 52.199.723 8.734.454 535.825.092 Total
Bagian atas
laba
Persentase Saldo entitas Saldo
Pemilikan/ 1 Jan. 2024/ asosiasi/ 31 Des. 2024/
Percentage Balance Share in profit Pengurangan/ Balance
of Ownership Jan. 1, 2024 of associates Deduction Dec. 31, 2024
Metode Ekuitas Equity Method
PT Berlian Manyar PT Berlian Manyar
Sejahtera (BMS) 40,00% 445.396.947 46.467.083 - 491.864.030 Sejahtera (BMS)
PT Energi Manyar PT Energi Manyar
Sejahtera (EMS) 45,00% 495.793 - - 495.793* Sejahtera (EMS)
Total 445.892.740 46.467.083 - 492.359.823 Total
*) Entitas ini dilikuidasi pada tanggal 17 Januari 2025/This entity is liquidated on January 17, 2025.
Informasi keuangan dari entitas asosiasi yang The financial information of the related associates
bersangkutan adalah sebagai berikut: is as follows:
Laporan posisi keuangan: Statement of financial position:
31 Desember 2025/December 31, 2025
Liabilitas Liabilitas
Aset Jangka Jangka
Aset Lancar/ Tidak Lancar/ Pendek/ Panjang/ Nilai Tercatat/
Current Non-current Current Non-current Agio Saham/ Ekuitas/ Kepentingan/ Carrying
Assets Assets Liabilities Liabilities Share Premium Equity Interest Amount
BMS 131.544.121 2.086.572.692 305.875.947 672.578.136 66.600.000 1.173.062.730 40,00% 535.825.092
31 Desember 2024/December 31, 2024
Liabilitas Liabilitas
Aset Jangka Jangka
Aset Lancar/ Tidak Lancar/ Pendek/ Panjang/ Nilai Tercatat/
Current Non-current Current Non-current Agio Saham/ Ekuitas/ Kepentingan/ Carrying
Assets Assets Liabilities Liabilities Share Premium Equity Interest Amount
BMS 201.482.548 1.707.701.498 186.871.344 592.552.627 66.600.000 1.063.160.075 40,00% 491.864.030
EMS 1.101.762 - - - - 1.101.762 45,00% 495.793
68
Laporan Tahunan 2025
Page 368
366 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
9. INVESTASI PADA ENTITAS ASOSIASI (lanjutan) 9. INVESTMENTS IN ASSOCIATES (continued)
Informasi keuangan dari entitas asosiasi yang The financial information of the related associates
bersangkutan adalah sebagai berikut: (lanjutan) is as follows: (continued)
Laporan laba rugi dan penghasilan komprehensif lain: Statement of profit or loss and other comprehensive income:
Tahun yang Berakhir pada tanggal 31 Desember 2025/
For the Year Ended December 31, 2025
Total Bagian atas
Penghasilan Laba
Komprehensif/ Entitas
Total Asosiasi/
Pendapatan/ Laba Rugi/ Comprehensive Kepentingan/ Share in Profit
Revenues Profit or Loss Income Interest of Associates
BMS 322.191.083 130.508.869 130.508.869 40,00% 52.203.548 BMS
EMS - (8.500) (8.500) 45,00% (3.825) EMS
Tahun yang Berakhir pada tanggal 31 Desember 2024/
For the Year Ended December 31, 2024
Total Bagian atas
Penghasilan Laba
Komprehensif/ Entitas
Total Asosiasi/
Pendapatan/ Laba Rugi/ Comprehensive Kepentingan/ Share in Profit
Revenues Profit or Loss Income Interest of Associates
BMS 437.557.810 116.287.344 116.167.707 40,00% 46.467.083 BMS
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, management
manajemen berkeyakinan bahwa tidak ada believes that there is no decline in the value of
penurunan nilai investasi pada entitas asosiasi. investment in associates.
UEPN dan PT Berlian Jasa Terminal Indonesia UEPN and PT Berlian Jasa Terminal Indonesia
(“BJTI”) mendirikan BMS di tahun 2012, yang mana (“BJTI”) established BMS in 2012, whereby UEPN
pada tanggal 31 Desember 2025 dan 2024, UEPN as of December 31, 2025 and 2024 has made a
telah melakukan jumlah setoran modal sebesar total contribution of Rp355,000,000 representing
Rp355.000.000 yang mencerminkan kepemilikan 40% ownership in BMS, while BJTI owns 60%.
40% di BMS, sedangkan BJTI memiliki 60%. BMS BMS is part of integrated facilities in JIIPE
adalah bagian dari fasilitas terpadu di JIIPE (Catatan (Note 32) operating 400ha deep seaport
32) mengoperasikan 400ha pelabuhan laut dalam strategically located in Madura Strait.
yang terletak di lokasi strategis di Selat Madura.
UEPN mendirikan EMS di tahun 2015. Saat ini UEPN established EMS in 2015. Currently, the
pemegang saham EMS adalah UEPN, BJTI, shareholders of EMS are UEPN, BJTI,
PT Santiniluwansa Lestari dan PT Amanah Indo PT Santiniluwansa Lestari and PT Amanah Indo
Invest. Maksud dan tujuan dari EMS adalah Invest. The purpose and objectives of
menjalankan kegiatan usaha di bidang industri, establishment of EMS is to carry out business
perdagangan, dan jasa pembangkit listrik di activities in the industry sector, trade and services
Surabaya, yang mana UEPN telah melakukan jumlah of power plant in Surabaya, whereby UEPN has
setoran modal sebesar Rp450.000 yang made a total contribution of Rp450,000
mencerminkan kepemilikan sebesar 45% di EMS. representing 45% ownership in EMS.
Berdasarkan Akta Notaris Yulia, S.H., No. 29 tanggal Based on the Notarial Deed of Yulia, S.H., No. 29
16 Januari 2025, UEPN dan Perusahaan lainnya dated January 16, 2025, UEPN and other
yang mengelola kepemilikan saham bersama EMS companies who jointly have shares ownership in
telah menyetujui dilakukannya pembubaran/ likuidasi EMS resolved to the liquidation of EMS. The
EMS. Perusahaan telah melakukan Keterbukaan Company has made the Disclosure of Information
Informasi melalui Surat No. 007/L-AKR-CS/2025 in its Letter No. 007/L-AKR-CS/2025 dated
tanggal 17 Januari 2025 ke OJK dan BEI. January 17, 2025 to OJK and IDX.
69
Laporan Tahunan 2025
Page 369
The original consolidated financial statements included herein 367
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
10. ASET TETAP 10. PROPERTY, PLANT AND EQUIPMENT
Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference Due
to Translation
1 Januari 2025/ Penambahan/ Pengurangan/ Reklasifikasi/ of Financial 31 Desember 2025/
January 1, 2025 Additions Deductions Reclassifications Statements December 31, 2025
Biaya Perolehan: At Cost:
Hak atas tanah 688.562.423 14.264.346 - 19.335.432 - 722.162.201 Landrights
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 5.250.932.051 43.585.158 5.310.578 238.204.022 73.321.671 5.600.732.324 and storage tanks
Mesin dan peralatan 1.218.858.731 38.030.027 1.811.659 397.418.047 12.993.854 1.665.489.000 Machineries and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 627.944.578 1.060.699 1.926.440 65.119.205 - 692.198.042 equipment
Kendaraan 468.744.201 13.214.052 22.838.562 45.334.962 8.229 504.462.882 Vehicles
Pengembangan gedung
yang disewa 96.722.707 680.418 2.013.619 36.258 - 95.425.764 Leasehold improvements
Renovasi gedung 611.451.759 1.515.193 12.511.969 9.230.255 - 609.685.238 Building improvements
Peralatan kantor 169.630.407 4.979.096 2.198.847 7.155.972 651.374 180.218.002 Office equipment
Kapal 957.551.630 5.005.382 - 102.036.868 - 1.064.593.880 Vessels
Aset dalam penyelesaian 838.291.356 774.236.578 - (915.869.796) 532.400 697.190.538 Construction in progress
Total 10.928.689.843 896.570.949 48.611.674 (31.998.775 ) 87.507.528 11.832.157.871 Total
Akumulasi Penyusutan: Accumulated Depreciation:
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 2.502.037.427 229.123.825 8.142.553 - 44.659.953 2.767.678.652 and storage tanks
Mesin dan peralatan 360.026.840 85.970.423 2.838.961 - 6.085.865 449.244.167 Machineries and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 494.743.512 31.968.669 1.931.559 - - 524.780.622 equipment
Kendaraan 252.478.414 30.251.655 19.410.894 - 8.230 263.327.405 Vehicles
Pengembangan gedung
yang disewa 94.918.566 1.536.004 2.013.620 - - 94.440.950 Leasehold improvements
Renovasi gedung 517.985.755 16.482.659 11.858.674 - - 522.609.740 Building improvements
Peralatan kantor 111.404.142 11.811.308 2.188.054 - 486.017 121.513.413 Office equipment
Kapal 230.085.310 47.662.727 - - - 277.748.037 Vessels
Total 4.563.679.966 454.807.270 48.384.315 - 51.240.065 5.021.342.986 Total
Nilai Tercatat 6.365.009.877 6.810.814.885 Carrying Amount
Selisih Kurs
Karena
Penjabaran
Laporan
Keuangan/
Exchange
Difference Due
to Translation
1 Januari 2024/ Penambahan/ Pengurangan/ Reklasifikasi/ of Financial 31 Desember 2024/
January 1, 2024 Additions Deductions Reclassifications Statements December 31, 2024
Biaya Perolehan: At Cost:
Hak atas tanah 688.562.423 - - - - 688.562.423 Landrights
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 4.849.076.763 86.402.093 3.579.289 240.054.433 78.978.051 5.250.932.051 and storage tanks
Mesin dan peralatan 1.016.015.346 47.579.724 9.595.123 159.496.590 5.362.194 1.218.858.731 Machineries and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 599.049.778 2.113.647 1.446.802 28.227.955 - 627.944.578 equipment
Kendaraan 423.024.400 41.780.463 41.919.448 45.848.886 9.900 468.744.201 Vehicles
Pengembangan gedung
yang disewa 95.994.119 133.857 64.220 658.951 - 96.722.707 Leasehold improvements
Renovasi gedung 585.409.564 959.294 81.031 25.163.932 - 611.451.759 Building improvements
Peralatan kantor 167.913.293 8.736.097 5.854.363 521.003 (1.685.623) 169.630.407 Office equipment
Kapal 775.412.298 182.139.332 - - - 957.551.630 Vessels
Aset dalam penyelesaian 432.303.690 895.709.708 1.110.892 (489.760.697) 1.149.547 838.291.356 Construction in progress
Total 9.632.761.674 1.265.554.215 63.651.168 10.211.053 83.814.069 10.928.689.843 Total
Akumulasi Penyusutan: Accumulated Depreciation:
Bangunan, dermaga, gudang Buildings, jetty, warehouses
dan tangki penyimpanan 2.248.693.852 213.139.169 3.558.247 - 43.762.653 2.502.037.427 and storage tanks
Mesin dan peralatan 299.398.633 73.683.158 9.346.819 - (3.708.132) 360.026.840 Machineries and equipment
Peralatan gudang dan
peralatan pembongkaran Warehouse and port handling
di pelabuhan 464.344.353 31.595.587 1.196.428 - - 494.743.512 equipment
Kendaraan 266.021.974 23.690.843 37.244.303 - 9.900 252.478.414 Vehicles
Pengembangan gedung
yang disewa 93.893.216 1.089.570 64.220 - - 94.918.566 Leasehold improvements
Renovasi gedung 495.081.680 22.975.601 71.526 - - 517.985.755 Building improvements
Peralatan kantor 108.385.582 10.579.679 5.825.050 - (1.736.069) 111.404.142 Office equipment
Kapal 190.495.488 39.589.822 - - - 230.085.310 Vessels
Total 4.166.314.778 416.343.429 57.306.593 - 38.328.352 4.563.679.966 Total
Nilai Tercatat 5.466.446.896 6.365.009.877 Carrying Amount
70
Laporan Tahunan 2025
Page 370
368 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Sekitar 2,36% pada tanggal 31 Desember 2025 Approximately 2.36% as of December 31, 2025
(2024: 4,03%) dari keseluruhan luas tanah (2024: 4.03%) of the Company’s total land area is
Perusahaan masih belum atas nama Perusahaan. not under the name of the Company. The Company
Perusahaan belum melakukan proses balik nama has not applied for the transfers of titles on the
menjadi nama Perusahaan sampai dengan tanggal- reporting dates. The Building Right Title (Hak
tanggal pelaporan. Hak Guna Bangunan (“HGB”) Guna Bangunan or “HGB”) expires on various
akan berakhir pada berbagai tanggal sampai dengan dates up to 2055. The management believes that
2055. Manajemen berkeyakinan bahwa kepemilikan the said titles of land right ownership can be
hak atas tanah dapat diperbaharui dan/atau renewed and/or extended.
diperpanjang.
Manajemen berkeyakinan bahwa nilai tercatat aset The management believes that the carrying
tetap tidak melebihi nilai yang dapat diperoleh amounts of the property, plant and equipment do
kembali (recoverable amount) dari aset tetap pada not exceed their recoverable amounts at the
tanggal-tanggal pelaporan. reporting dates.
Biaya penyusutan dibebankan sebagai berikut: Depreciation expense is charged to the following:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Beban pokok penjualan dan
pendapatan (Catatan 24) 408.990.638 374.361.894 Cost of sales and revenues (Note 24)
Beban usaha (Catatan 25) 45.816.632 41.981.535 Operating expenses (Note 25)
Total 454.807.270 416.343.429 Total
Rincian laba atas penjualan/pengalihan aset tetap The details of gain on sale/transfer of property,
sebagai berikut: plant and equipment are as follows:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Proceeds from sale/transfer of
Hasil penjualan/pengalihan aset tetap 5.877.959 10.077.582 property, plant and equipment
Nilai tercatat (3.198.667) (6.344.575) Carrying amount
Laba atas penjualan/pengalihan Gain on sale/transfer
aset tetap 2.679.292 3.733.007 of property, plant and equipment
71
Laporan Tahunan 2025
Page 371
The original consolidated financial statements included herein 369
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Aset tetap kecuali hak atas tanah, telah diasuransikan Property, plant and equipment, except for
kepada pihak ketiga terhadap risiko kerugian akibat landrights, are insured to third parties against
kebakaran, pencurian dan risiko lainnya berdasarkan losses from fire, theft and other risks under blanket
paket polis dengan nilai pertanggungan pada policies at the reporting dates as mentioned below.
tanggal-tanggal pelaporan sebagaimana yang The management believes that the insurance
dijelaskan di bawah ini. Manajemen berpendapat coverage is adequate to cover possible losses
bahwa nilai pertanggungan tersebut cukup untuk arising from such risks.
menutup kemungkinan timbulnya kerugian akibat
risiko tersebut.
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Rupiah 8.304.351.430 7.221.604.779 Rupiah
Dolar AS 79.633.690 79.633.690 US Dollar
Pada tanggal 31 Desember 2025, aset dalam As of December 31, 2025, the construction in
penyelesaian terutama merupakan berbagai progress mainly represents various construction
konstruksi seperti fasilitas terminal, dan stasiun activities in such as terminal facilities, and gas
pengisian bahan bakar umum (“SPBU”), yang stations of petroleum (“SPBU”), with completion
persentase penyelesaiannya berkisar dari 20% - 95% percentages ranging from 20% - 95%
(2024: 9% - 97%). (2024: 9% - 97%).
Pembangunan fasilitas-fasilitas di atas diharapkan The construction of the above facilities is expected
selesai dalam waktu sekitar 1-2 tahun. Manajemen to be completed in approximately 1-2 years. The
tidak mengharapkan akan adanya kesulitan dalam management does not expect any difficulties in
penyelesaian pembangunan pada waktu yang meeting the targeted completion date.
ditargetkan.
Tidak terdapat biaya pinjaman yang dikapitalisasi No borrowing costs were capitalized by the Group
oleh Kelompok Usaha untuk tahun yang berakhir for the year ended December 31, 2025 and 2024.
pada tanggal 31 Desember 2025 dan 2024.
Kelompok Usaha memiliki aset tangki penyimpanan The Group has assets of storage tanks used for the
yang digunakan untuk sewa operasi sebesar operating lease amounting to Rp213,321,848 as of
Rp213.321.848 pada tanggal 31 Desember 2025 December 31, 2025 (2024: Rp224,917,451).
(2024: Rp224.917.451).
Aset tetap yang digunakan sebagai jaminan atas Property, plant and equipment used as collateral
pinjaman yang diperoleh Kelompok Usaha pada to the loans obtained by the Group as of
tanggal 31 Desember 2025 dan 2024 (Catatan 18 December 31, 2025 and 2024 (Notes 18 and 33)
dan 33) adalah sebagai berikut: are as follows:
UEPN - melalui entitas anak BKMS - tanah dan UEPN - through its subsidiary BKMS - land
bangunan proyek Pembangkit Listrik Tenaga and building of the gas powerplant (“PLTMG”)
Gas (“PLTMG”) beserta bangunan infrastruktur, project including the building infrastructure,
mesin-mesin dan peralatan yang melekat di machineries and equipment on top of which it
atasnya yang terletak di Gresik, Jawa Timur, is located in Gresik, East Java, through Al
melalui fasilitas Al Ijarah Muntahiyah Bi Al Tamlik Ijarah Muntahiyah Bi Al Tamlik (“IMBT”)
(“IMBT”) dan aset yang dibiayai melalui fasilitas facilities and assets being financed through
Musyarakah Mutanaqishah (“MMQ”) dari Musyarakah Mutanaqishah (“MMQ”) facilities
PT Bank Permata Tbk (“Permata”). from PT Bank Permata Tbk (“Permata”).
72
Laporan Tahunan 2025
Page 372
370 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
10. ASET TETAP (lanjutan) 10. PROPERTY, PLANT AND EQUIPMENT
(continued)
Aset tetap yang digunakan sebagai jaminan atas Property, plant and equipment used as collateral
pinjaman yang diperoleh Kelompok Usaha pada to the loans obtained by the Group as of
tanggal 31 Desember 2025 dan 2024 (Catatan 18 December 31, 2025 and 2024 (Notes 18 and 33)
dan 33) adalah sebagai berikut: (lanjutan) are as follows: (continued)
Andahanesa - melalui entitas anak TNU - tangki Andahanesa - through its subsidiary TNU -
penyimpanan dan peralatan pendukungnya yang storage tanks and its supporting equipment at
berlokasi di Pelabuhan Tanjung Perak, Surabaya Tanjung Perak Port, Surabaya financed by
yang dibiayai oleh fasilitas pinjaman jangka PT Bank Central Asia Tbk (“BCA”) under long-
panjang dari PT Bank Central Asia Tbk (“BCA”). term facilities.
Pada tanggal 31 Desember 2025, nilai perolehan As of December 31, 2025, the acquisition
aset yang sudah disusutkan penuh adalah costs of the assets which have been fully
sejumlah Rp1.440.503.893 (2024: Rp1.236.192.237). depreciated amounted to Rp1,440,503,893
Aset-aset ini masih digunakan untuk menunjang (2024: Rp1,236,192,237). Those assets are still
operasional Kelompok Usaha. being used by the Group in operations.
Pada tanggal 31 Desember 2025, nilai tercatat As of December 31, 2025, the carrying amount
aset yang sementara tidak dipakai dalam operasi of temporary assets not used in operations
adalah sebesar Rp22.141.094 (2024: Rp16.877.390). amounted to Rp22,141,094 (2024: Rp16,877,390).
11. ASET HAK-GUNA 11. RIGHT-OF-USE ASSETS
Selisih kurs
karena
penjabaran
laporan
keuangan/
Exchange
difference
Saldo due to Saldo
1 Jan. 2025/ translation 31 Des. 2025/
Balance Penambahan/ of financial Balance
Jan. 1, 2025 Additions statements Dec. 31, 2025
Harga perolehan Acquisition costs
Sewa tanah 1.058.450.321 117.712.550 4.216.457 1.180.379.328 Land leases
Sewa bangunan, tangki Building, tank
dan kendaraan 18.537.743 7.949.851 - 26.487.594 and vehicle leases
1.076.988.064 125.662.401 4.216.457 1.206.866.922
Accumulated
Akumulasi depresiasi/amortisasi depreciation/amortization
Sewa tanah 271.815.482 80.955.393 496.554 353.267.429 Land leases
Sewa bangunan, tangki Building, tank
dan kendaraan 11.805.064 2.633.053 - 14.438.117 and vehicle leases
283.620.546 83.588.446 496.554 367.705.546
Total 793.367.518 839.161.376 Total
73
Laporan Tahunan 2025
Page 373
The original consolidated financial statements included herein 371
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
11. ASET HAK-GUNA (lanjutan) 11. RIGHT-OF-USE ASSETS (continued)
Selisih kurs
karena
penjabaran
laporan
keuangan/
Exchange
difference
Saldo due to Saldo
1 Jan. 2024/ translation 31 Des. 2024/
Balance Penambahan/ of financial Balance
Jan. 1, 2024 Additions statements Dec. 31, 2024
Harga perolehan Acquisition costs
Sewa tanah 813.298.281 239.202.516 5.949.524 1.058.450.321 Land leases
Sewa bangunan, tangki Building, tank
dan kendaraan 13.451.664 5.086.079 - 18.537.743 and vehicle leases
826.749.945 244.288.595 5.949.524 1.076.988.064
Accumulated
Akumulasi depresiasi/amortisasi depreciation/amortization
Sewa tanah 198.206.660 73.018.826 589.996 271.815.482 Land leases
Sewa bangunan, tangki Building, tank
dan kendaraan 10.741.396 1.063.668 - 11.805.064 and vehicle leases
208.948.056 74.082.494 589.996 283.620.546
Total 617.801.889 793.367.518 Total
Biaya penyusutan dan amortisasi atas aset hak-guna Depreciation and amortization expenses of
dibebankan sebagai berikut: right-of-use assets are charged to the following:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Beban pokok penjualan dan
pendapatan (Catatan 24) 80.955.393 70.876.021 Cost of sales and revenues (Note 24)
Beban usaha (Catatan 25) 2.633.053 3.206.473 Operating expenses (Note 25)
Total 83.588.446 74.082.494 Total
Kelompok Usaha telah mengakui beban yang The Group has recognized the expense relating
berkaitan dengan sewa jangka pendek untuk tahun to short-term leases for the year ended
yang berakhir pada tanggal 31 Desember 2025 December 31, 2025 amounted to Rp8,831,763
sebesar Rp8.831.763 (2024: Rp8.086.215) dan (2024: Rp8,086,215) and recorded under general
dicatat sebagai beban umum dan administrasi and administrative expense (Note 25).
(Catatan 25).
Berdasarkan penilaian manajemen Kelompok Usaha, Based on the assessment of the management of
tidak ada kejadian-kejadian atau perubahan- the Group, there are no events or changes in
perubahan keadaan yang mengindikasikan adanya circumstances that indicate any impairment in
penurunan nilai aset hak-guna pada tanggal the value of right-of-use assets as of
31 Desember 2025. December 31, 2025.
74
Laporan Tahunan 2025
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372 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
11. ASET HAK-GUNA (lanjutan) 11. RIGHT-OF-USE ASSETS (continued)
Kelompok Usaha sebagai Pesewa The Group as Lessor
Kelompok Usaha telah mengadakan sewa operasi The Group has entered into operating leases
untuk tangki. Sewa ini memiliki jangka waktu sewa on its tank. These leases have lease term
1-5 tahun dan termasuk klausul untuk revisi sewa of 1-5 years and include a clause for rental
sesuai dengan kondisi pasar yang berlaku. revision subject to prevailing market conditions.
Pendapatan sewa yang diakui Kelompok Usaha Lease income recognized by the Group during
selama tahun berjalan adalah sebesar Rp92.195.897 the year is amounting to Rp92,195,897 (2024:
(2024: Rp78.792.484). Rp78,792,484).
Piutang sewa minimum di masa depan berdasarkan Future minimum rentals receivable under
sewa operasi yang tidak dapat dibatalkan pada non-cancellable operating leases as at
tanggal 31 Desember 2025 dan 2024 terkait dengan December 31, 2025 and 2024 relating to tank rental
sewa tangki yang akan dibebankan berdasarkan which will be charged based on actual usage are
penggunaan aktual adalah sebagai berikut: as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Dalam 1 tahun 47.546.035 29.532.276 Within 1 year
Dalam 1-5 tahun 44.240.725 77.283.176 Within 1-5 years
Total 91.786.760 106.815.452 Total
12. PROPERTI INVESTASI 12. INVESTMENT PROPERTY
Akun ini terdiri dari dua bidang tanah sebagai berikut This account consists of two parcels of land i.e.
(i) 193,5 hektar disewakan kepada anchor tenant dari (i) 193.5 hectares leased to an anchor tenant of
BKMS (ii) 80,4 hektar belum ditentukan BKMS (ii) 80.4 hectares reserved for future use,
peruntukkannya, yang dimiliki oleh UEPN, entitas owned by UEPN, a subsidiary of the Company. The
anak dari Perusahaan. Dua bidang tanah tersebut two parcels of land are located in Manyar, Gresik,
terletak di Manyar, Gresik, Jawa Timur. East Java.
Pada tanggal 27 Agustus 2021, BKMS telah merubah On August 27, 2021, BKMS has amended the
perjanjian sewa tanah sebelumnya dengan tenant previous lease agreement of land with the said
tersebut, untuk masa 18 tahun, dengan hak untuk tenant for a period of 18 years, whereby it has the
memperpanjang masa sewa untuk dua (2) tahun dan right to extend the lease term for two (2) years and
enam (6) kali berturut-turut untuk periode sepuluh thereafter six (6) consecutive periods of ten (10)
(10) tahun untuk setiap periode perpanjangan serta contract years for each renewal period with a right
memiliki hak untuk membeli tanah tersebut selama to purchase the land during the lease term based
masa sewa berdasarkan syarat dan ketentuan yang on the terms and conditions stipulated in
disebutkan dalam perjanjian. Perjanjian tersebut juga agreement. The agreement also contains a
berisi mengatur biaya pemeliharaan dan biaya terkait maintenance fee arrangement and other provisions
lainnya yang relevan dengan sewa. Kemudian, pada relevant to the lease. Further, on August 12, 2021,
tanggal 12 Agustus 2021, kedua belah pihak juga the two parties also signed additional lease of land
menandatangani perjanjian sewa area tambahan area for laydown the equipments for its smelter
untuk meletakkan peralatan proyek smelter untuk project for a period of 2 years.
2 tahun.
75
Laporan Tahunan 2025
Page 375
The original consolidated financial statements included herein 373
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
12. PROPERTI INVESTASI (lanjutan) 12. INVESTMENT PROPERTY (continued)
Pada tanggal 31 Desember 2025 dan 2024, BKMS As of December 31, 2025 and 2024, BKMS has
telah menerima uang muka sewa tanah di atas received advances for the above leases of the
sampai dengan bulan Agustus 2029 sejumlah land up to period August 2029 amounted to
Rp161,6 juta (2024: Rp858,6 juta), dimana BKMS Rp161.6 million (2024: Rp858.6 million), whereby
telah mengakui pendapatan sewa selama periode BKMS has recognized the lease income over the
tersebut. Untuk tahun yang berakhir pada tanggal periods. For the year ended December 31, 2025, it
31 Desember 2025 telah diakui sebagai pendapatan has recognized rental income amounting to
sewa sebesar Rp191,1 juta (2024: Rp185,1 juta). Rp191.1 million (2024: Rp185.1 million). As of
Pada tanggal 31 Desember 2025, uang muka December 31, 2025, the outstanding advance
sebesar Rp723,7 juta (2024: Rp752,7 juta) termasuk amounting to Rp723.7 million (2024:
bagian jangka pendek, disajikan sebagai “Liabilitas Rp752.7 million) including the current portion, is
Kontrak” pada laporan posisi keuangan presented as "Contract Liabilities” in the
konsolidasian. consolidated statement of financial position.
Tidak terdapat beban operasi langsung yang timbul There are no direct operating expenses arising
dari properti investasi yang menghasilkan from the investment property that generated rental
pendapatan sewa dikarenakan BKMS hanya income since BKMS leases the land with no
menyewakan lahan kosong tanpa kewajiban contractual obligation to construct, build or repair
kontraktual untuk melakukan konstruksi, membangun on the improved parcels of land or for maintenance
atau untuk memperbaiki di atas bidang tanah, atau or enhancements of the investment property.
untuk memelihara atau meningkatkan properti
investasi tersebut.
Pada tanggal 31 Desember 2025 dan 2024, total nilai As of December 31, 2025 and 2024, the total fair
wajar atas properti investasi adalah value of the investment property amounted
sebesar Rp2.741.868.158 (2024: Rp2.625.637.708). to Rp2,741,868,158 (2024: Rp2,625,637,708). The
Pengukuran nilai wajar atas properti investasi fair value measurement of such investment
menggunakan Level 2 hirarki nilai wajar, dimana level property uses Level 2 of fair value hierarchy,
input terendah yang signifikan terhadap pengukuran whereby the lowest level input that is significant to
nilai wajar adalah dapat diobservasi secara langsung the fair value measurement is directly or indirectly
atau tidak langsung. observable.
Nilai wajar Level 2 dari tanah dihitung dengan Level 2 fair value of land is calculated
menggunakan pendekatan perbandingan harga using the comparable market data approach. The
pasar. Harga pasar dari tanah yang paling mendekati approximate market price of comparable land is
disesuaikan dengan perbedaan atribut utama seperti adjusted for differences in key attributes such as
ukuran aset, lokasi dan penggunaan aset. Input yang property size, location and use of an asset. The
paling signifikan dalam pendekatan penilaian ini most significant input into this valuation approach
adalah asumsi harga per meter persegi. is price per square meter assumptions.
76
Laporan Tahunan 2025
Page 376
374 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
13. PERSEDIAAN TANAH KAWASAN INDUSTRI 13. INDUSTRIAL ESTATE LAND INVENTORY
Akun ini terutama merupakan harga perolehan tanah This account represents acquisition costs and
dan biaya pengembangan terkait, baik secara related development costs, either directly or
langsung maupun tidak langsung, termasuk indirectly, including borrowing costs capitalized to
kapitalisasi biaya pinjaman yang dikapitalisasi pada the carrying amounts of land inventory, totaling to
nilai persediaan tanah sebesar Rp377.349.569 untuk Rp377,349,569 for the year ended
tahun yang berakhir pada tanggal 31 Desember 2025 December 31, 2025 (2024: Rp376,314,777). As of
(2024: Rp376.314.777). Pada tanggal 31 Desember December 31, 2025, the interest capitalization rate
2025, tingkat kapitalisasi bunga adalah sebesar is 7.09% (2024: 8.84%). The land inventory is an
7,09% (2024: 8,84%). Persediaan tanah ini dijadikan industrial estate as part of JIIPE project developed
kawasan industri sebagai bagian dari proyek JIIPE through an indirect subsidiary, BKMS (Note 1b).
yang dikembangkan oleh salah satu entitas anak The land is located in SEZ Gresik, East Java. The
yang dimiliki tidak langsung, BKMS (Catatan 1b). JIIPE project is an integrated estate complex which
Tanah ini berlokasi di KEK Gresik, Jawa Timur. has a deep-sea port, industrial estate and
Proyek JIIPE mempunyai pelabuhan laut yang dalam, residential zone. The sea port is owned and
kawasan industri dan perumahan secara terintegrasi. operated by BMS, an associate entity of UEPN
Pelabuhan laut dimiliki dan dikelola oleh BMS yang (Note 9) while the estate area is operated by
merupakan entitas asosiasi dari UEPN (Catatan 9), BKMS.
sedangkan kawasan industri dikelola oleh BKMS.
Bagian yang siap untuk dijual dan sedang dalam The portion available for sale and under
pengembangan disajikan sebagai bagian dari aset development are presented as part of current
lancar, sedangkan yang diperuntukkan untuk tahap assets, while those retained for subsequent stage
pengembangan berikutnya disajikan sebagai bagian development are presented as part of non-current
dari aset tidak lancar. assets.
Manajemen berpendapat tidak diperlukan cadangan Management believes that there is no allowance
kerugian penurunan nilai atas persediaan tanah for decline in value of industrial estate land
kawasan industri pada tanggal-tanggal pelaporan. inventory at reporting dates.
14. HUTANG 14. ACCOUNT PAYABLES
a. Hutang Usaha - Pihak Ketiga a. Trade Payables - Third Parties
Berdasarkan umur: By age:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Belum jatuh tempo 12.246.204.170 10.287.513.531 Not yet due
Jatuh tempo: Past due:
1 - 30 hari 31.701.112 48.424.423 1 - 30 days
31 - 60 hari 52.724 590.532 31 - 60 days
> 60 hari 915.621 225.379 > 60 days
Total 12.278.873.627 10.336.753.865 Total
77
Laporan Tahunan 2025
Page 377
The original consolidated financial statements included herein 375
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
14. HUTANG (lanjutan) 14. ACCOUNT PAYABLES (continued)
a. Hutang Usaha - Pihak Ketiga (lanjutan) a. Trade Payables - Third Parties (continued)
Berdasarkan mata uang: By currency:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Rupiah 6.411.561.349 3.946.472.352 Rupiah
Dolar AS 5.867.007.345 6.388.493.791 US Dollar
Mata uang lainnya 304.933 1.787.722 Other currencies
Total 12.278.873.627 10.336.753.865 Total
Hutang usaha tidak dijamin dan tidak dikenakan Trade payables are unsecured and non-
bunga. interest bearing.
b. Hutang Lain-lain - Pihak Ketiga b. Other Payables - Third Parties
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Hutang pembelian aset tetap Purchase of property, plant
(Catatan 33) 147.222.281 284.050.163 and equipment payable (Note 33)
Hutang kepada kontraktor 24.988.648 91.447.809 Payables to contractor
Hutang jasa profesional 1.308.208 67.320 Professional fees payables
Hutang royalti - 16.957.240 Royalty payable
Lain-lain 35.832.436 71.521.466 Miscellaneous
Total 209.351.573 464.043.998 Total
15. BIAYA MASIH HARUS DIBAYAR 15. ACCRUED EXPENSES
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Beban impor 183.620.400 152.590.115 Import charges
Biaya angkut dan penanganan 94.312.932 116.600.487 Freight in and handling
Bunga 81.210.127 118.975.699 Interest
Konstruksi 61.331.209 26.887.405 Construction
Biaya profesional 30.518.109 18.089.182 Professional fees
Beban penjualan dan pemasaran 16.490.833 14.176.718 Selling and marketing expenses
Lain-lain 195.751.111 138.365.516 Miscellaneous
Total 663.234.721 585.685.122 Total
78
Laporan Tahunan 2025
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376 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
16. LIABILITAS SEWA 16. LEASE LIABILITIES
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Didiskontokan menggunakan suku Discounted using the indicative
bunga pinjaman inkremental indikatif incremental borrowing rate
pada awal tahun 524.227.040 380.386.577 as at beginning year
Penambahan sewa 125.662.401 244.288.595 Addition of lease
Penambahan bunga 18.938.347 29.620.167 Accretion of interest
Selisih kurs 904.520 1.197.547 Exchange rate difference
Pembayaran (79.841.595) (131.265.846) Payments
Total liabilitas sewa 589.890.713 524.227.040 Total lease liabilities
Dikurangi: Less:
Bagian jangka pendek 71.402.299 45.084.227 Current portion
Bagian jangka panjang 518.488.414 479.142.813 Long term portion
Estimasi arus kas keluar masa depan pada saat jatuh The estimated cash outflows by maturity calculated
tempo menggunakan tingkat suku bunga 5,96% - using interest rate of 5.96% - 9.78% for Rupiah and
9,78% untuk Rupiah dan 2,02% untuk Dolar AS per 2.02% for US Dollar per annum are as follows:
tahun adalah sebagai berikut:
Tahun yang Berakhir Pada Tanggal 31 Desember 2025/
For the Year Ended December 31, 2025
Arus kas keluar/ Komponen bunga/ Nilai kini/
Cash outflows Interest component Present value
Dalam 1 tahun 112.766.657 41.364.358 71.402.299 Within 1 year
Dalam 1-5 tahun 400.909.910 149.353.687 251.556.223 Within 1-5 years
Lebih dari 5 tahun 326.519.078 59.586.887 266.932.191 More than 5 years
Total 840.195.645 250.304.932 589.890.713 Total
Tahun yang Berakhir Pada Tanggal 31 Desember 2024/
Year Ended December 31, 2024
Arus kas keluar/ Komponen bunga/ Nilai kini/
Cash outflows Interest component Present value
Dalam 1 tahun 47.734.252 2.650.025 45.084.227 Within 1 year
Dalam 1-5 tahun 315.948.429 148.541.317 167.407.112 Within 1-5 years
Lebih dari 5 tahun 399.390.680 87.654.979 311.735.701 More than 5 years
Total 763.073.361 238.846.321 524.227.040 Total
Tidak ada opsi perpanjangan dan penghentian There is no extension and termination options
dimana Kelompok Usaha berpotensi memiliki which the Group is potentially exposed that are not
eksposur yang tidak termasuk dalam pengukuran reflected in the measurements of lease liabilities.
liabilitas sewa.
79
Laporan Tahunan 2025
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The original consolidated financial statements included herein 377
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
17. HUTANG BANK JANGKA PENDEK 17. SHORT-TERM BANK LOAN
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
AKRIDA dan Entitas Anak AKRIDA and Subsidiaries
PT Standard Chartered Bank 220.000.000 - PT Standard Chartered Bank
PT Bank Permata Tbk 17.365.000 7.000.000 PT Bank Permata Tbk
Total 237.365.000 7.000.000 Total
AKRIDA melalui entitas anak, APR AKRIDA through its subsidiary, APR
PT Standard Chartered Bank (“SCB”) PT Standard Chartered Bank (“SCB”)
Pada tanggal 20 November 2025, APR On November 20, 2025, APR signed Amendment
menandatangani Perubahan atas Surat Fasilitas of Facility Letter No. JKT/FF1/6185, which refers to
No. JKT/FF1/6185 yang merujuk kepada Surat Facility Letter (Unsecured) No. JKT/FA1/5741
Fasilitas (Tanpa Ikatan) No. JKT/FA1/5741 tanggal 6 dated March 6, 2023, to extend the credit facility
Maret 2023 untuk memperpanjang jangka waktu from Standard Chartered Bank until October 31,
fasilitas kredit dari Standard Chartered Bank hingga 2026, and to expand the types of facilities to
31 Oktober 2026 dan untuk menambah jenis fasilitas include:
menjadi:
i) L/C Impor - tidak dijamin sebesar i) L/C Import - unsecured at US$25,000,000;
US$25.000.000;
ii) L/C Impor - dijamin sebesar US$25.000.000; ii) L/C Import - secured at US$25,000,000;
iii) Pinjaman jangka pendek sebesar iii) Short term loan at US$25,000,000;
US$25.000.000;
iv) Obligasi dan jaminan sebesar US$15.000.000; iv) Bond and guarantees at US$15,000,000;
v) Pembiayaan faktur impor sebesar v) Import invoice financing at US$15.000.000;
US$15.000.000;
vi) Pinjaman Impor sebesar US$25.000.000; vi) Import loan at US$25,000,000;
Fasilitas ini bersifat tanpa komitmen dengan limit The facilities are uncommitted and designed with
gabungan yang ditentukan sebesar US$25.000.000. combined limit of US$25,000,000.
AKRIDA melalui entitas anak, ALR AKRIDA through its subsidiary, ALR
PT Bank Permata Tbk (“Permata”) PT Bank Permata Tbk (“Permata”)
ALR memiliki fasilitas Omnibus Revolving Loan dari ALR obtained an Omnibus Revolving Loan Facility
Permata dengan total limit Rp18.000.000 dan pada from Permata with total limit amounting to
tanggal 26 Maret 2025 limit atas fasilitas tersebut naik Rp18,000,000 and on March 26, 2025, the limit on
menjadi Rp40.000.000, yang mencakup (i) fasilitas this facility increased to Rp40,000,000, comprising
pinjaman berulang tanpa komitmen, (ii) Bank of (i) uncommitted revolving loan facility, (ii) Bank
Garansi/Standby Letter of Credit (“SBLC”) dan (iii) Guarantee/Standby Letter of Credit (“SBLC”) and
Payable Services. Fasilitas ini tersedia sampai (iii) Payable Services. This facility is available until
dengan tanggal 7 Oktober 2028. October 7, 2028.
Perjanjian pinjaman mengharuskan pemenuhan The loan agreement contains several loan
beberapa persyaratan oleh ALR, antara lain, untuk covenants whereby it requires ALR, among others,
mempertahankan sejumlah rasio keuangan serta to maintain certain financial ratios and not to
tidak mengubah komposisi pemegang saham. change the shareholders’ composition.
80
Laporan Tahunan 2025
Page 380
378 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
17. HUTANG BANK JANGKA PENDEK (lanjutan) 17. SHORT-TERM BANK LOANS (continued)
Fasilitas kredit yang dijelaskan di atas dikenakan The above-mentioned credit facilities are subject to
tingkat suku bunga tahunan sebagai berikut: annual interest rates as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Rupiah 5,24% - 8,80% 6,36% - 8,80% Rupiah
Pada tanggal 31 Desember 2025 dan 2024, As of December 31, 2025 and 2024, the
manajemen berpendapat bahwa Kelompok Usaha management believes that Group has complied
telah memenuhi semua persyaratan terkait with all the relevant covenants as required under all
sebagaimana diharuskan dalam semua perjanjian the credit agreements mentioned above.
kredit di atas.
18. HUTANG BANK JANGKA PANJANG 18. LONG-TERM BANK LOANS
31 Dec. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Perusahaan The Company
PT Bank Central Asia Tbk 253.333.333 600.000.000 PT Bank Central Asia Tbk
PT Bank Mandiri (Persero) Tbk 201.580.541 - PT Bank Mandiri (Persero) Tbk
PT Bank Negara Indonesia (Persero) Tbk 25.000.000 - PT Bank Negara Indonesia (Persero) Tbk
Sub-total 479.913.874 600.000.000 Sub-total
UEPN dan Entitas Anak UEPN and Subsidiary
Dana Syirkah Temporer - Dana Syirkah Temporer -
PT Bank Permata Tbk 2.043.862.785 2.263.739.793 PT Bank Permata Tbk
PT Bank Negara Indonesia (Persero) Tbk 2.230.694.332 1.784.997.012 PT Bank Negara Indonesia (Persero) Tbk
Sub-total 4.274.557.117 4.048.736.805 Sub-total
Andahanesa dan Entitas Anak Andahanesa and Subsidiary
PT Bank Central Asia Tbk 95.136.123 137.148.148 PT Bank Central Asia Tbk
Sub-total 4.849.607.114 4.785.884.953 Sub-total
Keuntungan ditangguhkan 35.919.458 - Deferred gain
Total 4.885.526.572 4.785.884.953 Total
Dikurangi bagian yang jatuh tempo
dalam satu tahun 1.182.438.653 1.140.851.204 Less current maturities
Bagian jangka panjang 3.703.087.919 3.645.033.749 Long-term portion
81
Laporan Tahunan 2025
Page 381
The original consolidated financial statements included herein 379
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
Perusahaan The Company
PT Bank Central Asia Tbk (“BCA”) PT Bank Central Asia Tbk (“BCA”)
Fasilitas Kredit Installment Loan 4 Installment Loan Facility 4
Pada tanggal 27 November 2019, Perusahaan On November 27, 2019, the Company obtained a
mendapatkan fasilitas baru Installment Loan 4 dari new Installment Loan 4 facility from BCA
BCA sebesar Rp1.250.000.000 yang digunakan amounting to Rp1,250,000,000 which was used for
untuk membiayai kembali hutang obligasi. Fasilitas ini refinancing bonds payables. The facilities are:
terdiri dari:
i) Tranche A dengan jumlah Rp500.000.000 yang i) Tranche A amounting to Rp500,000,000 used
digunakan untuk membiayai kembali Obligasi I for refinancing B Series - Bonds I Year 2012.
Tahun 2012 Seri B. Periode ketersediaan dari The availability period of this facility was until
fasilitas ini sampai dengan Desember 2019 dan December 2019 and has been fully drawn
telah ditarik sepenuhnya. down.
ii) Tranche B dengan jumlah Rp750.000.000 yang ii) Tranche B amounting to Rp750,000,000 to be
digunakan untuk membiayai kembali Obligasi used for refinancing A Series - Shelf
Berkelanjutan I AKR Corporindo Tahap 1 Tahun Registration Bonds I AKR Corporindo 1st
2017 Seri A. Periode ketersediaan dari fasilitas Tranche Year 2017. The availability period of
ini sampai dengan Juli 2020 dan telah ditarik this facility was until July 2020 and has been
sepenuhnya. fully drawn down.
Fasilitas ini berjangka waktu 5 tahun sejak penarikan The term of this facility was 5 years from the first
pertama setiap Tranche (tidak ada masa tenggang). utilization date of each Tranche (with no grace
Pokok pinjaman dan bunga terhutang secara period). The loan principal and interest were
kuartalan. Perjanjian ini juga mengandung sejumlah payable on a quarterly basis. The loan agreement
rasio keuangan yang serupa dengan fasilitas-fasilitas also contains certain financial ratios similar to the
lainnya yang diberikan oleh BCA kepada other facilities provided by BCA to the Company.
Perusahaan.
Perusahaan telah melakukan pelunasan pinjaman The Company has fully paid the related loan facility
pada tahun 2025. in 2025.
Fasilitas Kredit Investasi 6 Investment Credit 6 Facility
Pada tanggal 22 September 2023, Perusahaan On September 22, 2023, the Company signed
menandatangani Perjanjian Fasilitas Kredit Investasi Investment Credit 6 facility with limit amount of
6 dengan limit sebesar Rp300.000.000 dengan Rp300,000,000 with a credit period of 5 years to be
jangka waktu kredit 5 tahun yang digunakan untuk used for capital expenditure and/or increase capital
capital expenditure dan atau peningkatan modal pada in subsidiaries. In 2025, the Company has fully
entitas anak. Pada tahun 2025, Perusahaan drawdown for all of the facility of Rp150,000,000.
melakukan penarikan atas seluruh fasilitas sebesar
Rp150.000.000.
Perusahaan telah melakukan pembayaran pinjaman The Company has paid the related loan balance
sebesar Rp46.666.667 untuk tahun yang berakhir amounted to Rp46,666,667 for the year ended
pada tanggal 31 Desember 2025. December 31, 2025.
Pada tanggal 31 Desember 2025, nilai hutang dari The outstanding loan from this facility is
fasilitas ini adalah sebesar Rp253.333.333 Rp253,333,333 as of December 31, 2025
(31 Desember 2024: Rp150.000.000). (December 31, 2024: Rp150,000,000).
82
Laporan Tahunan 2025
Page 382
380 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
Perusahaan (lanjutan) The Company (continued)
PT Bank Mandiri (Persero) Tbk (“Mandiri”) PT Bank Mandiri (Persero) Tbk (“Mandiri”)
Perjanjian ini mengandung sejumlah persyaratan The loan agreement also contains certain financial
yang serupa dengan fasilitas-fasilitas lainnya yang ratios similar to the other facilities provided by BCA
diberikan oleh BCA kepada Perusahaan (Catatan to the Company (Note 33q).
33q).
Pada tanggal 19 Desember 2025, Perusahaan On December 19, 2025, the Company obtained a
mendapatkan Fasilitas Term Loan dari Mandiri Loan Term Facility from Mandiri amounting to
sebesar Rp237.500.000 yang ditujukan untuk Rp237,500,000 which intended to refinancing the
memenuhi cashflow gap dalam rangka invenstasi, cashflow gap for investment, business
pengembangan usaha, serta kebutuhan umum development, and the general corporate purposes
perusahaan dan grup usahanya. Fasilitas ini terdiri of the company. The facilities are:
dari:
i. Tranche A dengan jumlah Rp118.750.000 i. Tranche A amounting to Rp118,750,000 with
dengan jangka waktu 5 tahun sejak term of this facility is 5 years from the signing
penandatanganan perjanjian kredit. of the credit agreement.
ii. Tranche B dengan jumlah Rp118.750.000 ii. Tranche B amounting to Rp118,750,000 with
dengan jangka waktu 7 tahun sejak term of this facility is 7 years from the signing
penandatanganan perjanjian kredit. of the credit agreement.
Pokok pinjaman terhutang diakhir jangka waktu The loan principal is payable at the end of each
masing-masing Tranche dan bunga terhutang secara Tranch’s term and interest is payable semi-
semesteran. Fasilitas ini dijamin dengan investasi annually. The facility is secured by financial assets
aset keuangan sebesar Rp250.000.000 yang dibiayai investment amounting to Rp250,000,000 that
oleh fasilitas ini. Perjanjian ini mengandung sejumlah financed by the facility. The loan agreement also
persyaratan yang serupa dengan fasilitas-fasilitas contains certain financial ratios similar to the other
lainnya yang diberikan oleh Mandiri kepada facilities provided by Mandiri to the Company (Note
Perusahaan (Catatan 33h). 33h).
Pada tanggal 30 Desember 2025, Perusahaan telah As of December 30, 2025, the Company has fully
menarik seluruh fasilitas pinjaman tersebut. drawdown the facility.
PT Bank Negara Indonesia (Persero) Tbk (“BNI”) PT Bank Negara Indonesia (Persero) Tbk (“BNI”)
Pada tanggal 24 Oktober 2025, Perusahaan On October 24, 2025, the Company obtained a
mendapatkan Fasilitas KMK Aflopend dari BNI KMK Aflopend Facility from BNI amounting to
sebesar Rp500.000.000 yang digunakan untuk Rp500,000,000 which is used for corporate loan,
pinjaman korporasi, untuk tujuan umum yang for general purposes used for corporate actions
perkenankan untuk corporate action termasuk including capital injection to subsidiaries, capital
penyertaan modal kepada entitas anak, rencana expenditure, operating expense and refinancing
capital expenditure, dan/atau beban operasional capital expenditure/corporate action undertaken
serta refinancing capital expenditure/corporate action during 2024, 2025 and 2026. The availability period
yang telah dilakukan selama periode tahun 2024, of this facility is 18 (eighteen) months from the
2025 dan 2026. Periode ketersediaan dari fasilitas ini signing date. As of December 31, 2025, the
adalah 18 (delapanbelas) bulan sejak tanggal Company has drawdown the facility amounting
penandatanganan. Pada tanggal Rp25,000,000.
31 Desember 2025, Perusahaan telah menarik
fasilitas pinjaman sebesar Rp25.000.000.
83
Laporan Tahunan 2025
Page 383
The original consolidated financial statements included herein 381
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
Perusahaan (lanjutan) The Company (continued)
PT Bank Negara Indonesia (Persero) Tbk (“BNI”) PT Bank Negara Indonesia (Persero) Tbk (“BNI”)
(lanjutan) (continued)
Fasilitas tersebut berjangka waktu 5 tahun sejak The term of this facility is 5 years since the first
tanggal awal Perjanjian Kredit. Pokok pinjaman harus Credit Agreement. The loan principal is repayable
dilunasi secara tiga-bulanan dan bunga secara on a quarterly basis and interest is repayable on a
bulanan. Perjanjian ini mengandung sejumlah monthly basis. The loan agreement contains
persyaratan yang serupa dengan fasilitas-fasilitas certain loan covenants similar to those facilities
lainnya yang diberikan oleh BNI kepada Perusahaan provided by BNI to the Company (Note 33j).
(Catatan 33j).
UEPN melalui Entitas Anak, BKMS UEPN through its Subsidiary, BKMS
Dana Syirkah Temporer - PT Bank Permata Tbk Dana Syirkah Temporer - PT Bank Permata Tbk
(“Permata”) (“Permata”)
BKMS telah menandatangani beberapa fasilitas BKMS signed several Shariah or Islamic financing
pembiayaan Syariah atau Islamic dengan Permata facilities with Permata under MMQ model
melalui model MMQ (“Musyarakah Mutanaqishah”) (“Musyarakah Mutanaqishah”) on August 25, 2022,
pada tanggal 25 Agustus 2022, yang telah di which was last amended on July 1, 2024. The
adendum terakhir kali pada tanggal 1 Juli 2024. facilities are set for both financing and refinancing
Fasilitas tersebut digunakan untuk pembiayaan of certain supporting assets/facilities such as
proyek dan pembiayaan kembali aset/fasilitas waste-water treatment plant, freshwater facilities,
tertentu seperti instalasi pengolahan air limbah, office buildings and others. The amounts of
fasilitas air bersih, gedung perkantoran dan lainnya. facilities totalled Rp2,788 billion which is secured
Total fasilitas sejumlah Rp2.788 miliar dan dijamin by the assets being financed. On September 18,
dengan aset yang dibiayai. Pada tanggal 2025, all assets pledged as collateral for this credit
18 September 2025, seluruh aset yang menjadi facility were released by the Bank.
jaminan atas fasilitas kredit ini sudah dilepas oleh
Bank.
Fasilitas ini dikenakan biaya bunga INDONIA These facilities are subject to interest at INDONIA
ditambah dengan persentase margin tertentu dan plus a certain percentage margin and have a tenor
memiliki tenor selama 5 tahun. of 5 years.
Fasilitas kredit ini juga mensyaratkan BKMS untuk These financing facilities require BKMS to maintain
memelihara sejumlah rasio keuangan. several financial ratios.
Pada tanggal 31 Desember 2025, BKMS telah As of December 31, 2025, BKMS has withdrawn
melakukan penarikan sebesar Rp138.245.613 dan Rp138,245,613 and BKMS has met all the
BKMS telah memenuhi seluruh batasan yang covenants as required in the agreement.
dipersyaratkan dalam perjanjian.
BKMS telah melakukan pembayaran pokok pinjaman BKMS has paid the related loan principal facility
sebesar Rp360.424.574 untuk tahun yang berakhir amounting to Rp360,424,574 for the year ended
pada tanggal 31 Desember 2025 (2024: December 31, 2025 (2024: Rp295,424,574).
Rp295.424.574).
84
Laporan Tahunan 2025
Page 384
382 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
UEPN melalui Entitas Anak, BKMS (lanjutan) UEPN through its Subsidiary, BKMS (continued)
PT Bank Negara Indonesia (Persero) Tbk (“BNI”) PT Bank Negara Indonesia (Persero) Tbk (“BNI”)
Pada tanggal 27 Juni 2023, BKMS telah On June 27, 2023, BKMS signed a loan term credit
menandatangani fasilitas kredit berjangka dengan facility with BNI with a total plafond of
BNI dengan total pinjaman sejumlah Rp2,000,000,000 under two tranches. The facility,
Rp2.000.000.000 dalam dua tranche. Fasilitas which bears interest at 3-months INDONIA plus a
tersebut dikenakan biaya bunga INDONIA 3 bulanan certain percentage margin, shall be used to
ditambah dengan persentase margin tertentu, yang refinance existing shareholder loans. It has a tenor
digunakan untuk membiayai kembali pinjaman of 7 years with a certain portion to be settled no
pemegang saham. Fasilitas ini berjangka waktu 7 longer than June 26, 2030.
tahun dengan porsi tertentu yang harus diselesaikan
paling lambat tanggal 26 Juni 2030.
Pada tanggal 31 Desember 2023, BKMS telah As of December 31, 2023, BKMS has withdrawn
melakukan penarikan sebesar Rp2.000.000.000. Hal Rp2,000,000,000. It is in compliance with all the
ini sesuai dengan semua kondisi yang dipersyaratkan conditions required in the agreement at the reporting
dalam perjanjian pada tanggal pelaporan. date.
BKMS telah melakukan pembayaran pinjaman BKMS has paid the related loan balance amounting
sebesar Rp364.203.000 pada tahun yang berakhir to Rp364,203,000 for the year ended December 31,
pada tanggal 31 Desember 2025 (2024: 2025 (2024: Rp315,958,070).
Rp315.958.070).
Pada tanggal 19 Juni 2024, BKMS telah On June 19, 2024, BKMS signed a term loan credit
menandatangani fasilitas kredit berjangka dengan facility with BNI with a total plafond of
BNI dengan total pinjaman sejumlah Rp500.000.000. Rp500,000,000. The facility, which bears interest at
Fasilitas tersebut dikenakan biaya bunga INDONIA 3-month INDONIA plus a certain percentage
3 bulanan ditambah dengan persentase margin margin, shall be used to refinance existing third-
tertentu, yang digunakan untuk pembayaran kembali party loans. It has a tenor of 3 years with a certain
pinjaman pihak ketiga. Fasilitas ini berjangka waktu portion to be settled no longer than December 2027.
3 tahun dengan porsi tertentu yang harus
diselesaikan paling lambat bulan Desember 2027.
Pada tanggal 28 Juni 2024, BKMS telah melakukan On June 28, 2024, BKMS withdrew Rp500,000,000.
penarikan sebesar Rp500.000.000. Hal ini sesuai It is in compliance with all the conditions required in
dengan semua kondisi yang dipersyaratkan dalam the agreement at the reporting date.
perjanjian pada tanggal pelaporan.
BKMS telah melakukan pembayaran pokok pinjaman BKMS has paid the related loan principal facility
sebesar Rp80.000.000 untuk tahun yang berakhir amounting to Rp80,000,000 for the year ended
pada tanggal 31 Desember 2025 (2024: December 31, 2025 (2024: Rp250,000,000).
Rp250.000.000).
85
Laporan Tahunan 2025
Page 385
The original consolidated financial statements included herein 383
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
UEPN melalui Entitas Anak, BKMS (lanjutan) UEPN through its Subsidiary, BKMS (continued)
PT Bank Negara Indonesia (Persero) Tbk (“BNI”) PT Bank Negara Indonesia (Persero) Tbk (“BNI”)
(lanjutan) (continued)
Selanjutnya, pada Maret 2025, BKMS mendapatkan Further, on March 2025, BKMS signed an additional
persetujuan pemberian tambahan fasilitas kredit credit facility with BNI for a total plafond of
dengan BNI untuk total pinjaman sejumlah Rp638,000,000. The facility, which bears interest at
Rp638.000.000. Fasilitas tersebut dikenakan biaya 3-months Indonia plus a certain percentage margin.
bunga Indonia 3 bulanan ditambah dengan It has a tenor of 6 years. As of December 31, 2025,
persentase margin tertentu. Fasilitas ini berjangka BKMS has withdrawn Rp638,000,000. This
waktu 6 tahun. Pada tanggal 31 Desember 2025, additional facility refers to the initial facilities that has
BKMS telah melakukan penarikan sebesar been given to BKMS.
Rp638.000.000. Fasilitas tambahan ini mengacu
kepada total fasilitas awal yang sudah diberikan
kepada BKMS.
BKMS telah melakukan pembayaran pokok pinjaman BKMS has paid the related loan principal facility
sebesar Rp47.850.000 untuk tahun yang berakhir amounting to Rp47,850,000 for the year ended
pada tanggal 31 Desember 2025. December 31, 2025.
Pada bulan Desember 2025, BKMS mendapatkan On December 2025, BKMS signed an additional
persetujuan pemberian tambahan fasilitas kredit credit facility with BNI with a total plafond of
dengan BNI dengan total pinjaman sejumlah Rp750,000,000. The facility, which bears interest at
Rp750.000.000. Fasilitas tersebut dikenakan biaya 3-months INDONIA plus a certain percentage
bunga INDONIA 3 bulanan ditambah dengan margin. It has a tenor of 2 years with debit balance
persentase margin tertentu. Fasilitas ini berjangka payment in 180 days from the withdrawal date and
waktu 2 tahun dengan pembayaran baki debit 180 no longer than December 31, 2027.
hari sejak tanggal penarikan dan paling lambat
diselesaikan tanggal 15 Desember 2027.
Pada tanggal 31 Desember 2025, BKMS telah On December 31, 2025 BKMS has withdrawn
melakukan penarikan sebesar Rp300.000.000. Rp300,000,000. This additional facility refers to the
Fasilitas tambahan ini mengacu kepada total fasilitas initial facilities has been given to BKMS.
awal yang sudah diberikan kepada BKMS.
Andahanesa melalui Entitas Anak, TNU Andahanesa through its Subsidiary, TNU
PT Bank Central Asia Tbk (“BCA”) PT Bank Central Asia Tbk (“BCA”)
Pada tanggal 27 Oktober 2017, TNU memperoleh On October 27, 2017, TNU obtained an Investment
pinjaman Kredit Investasi dari BCA dengan Credit facility loan from BCA with maximum plafond
maksimum pinjaman sejumlah Rp250.000.000. totalling Rp250,000,000. The purpose of the facility
Tujuan fasilitas ini adalah untuk membiayai is to finance storage tanks Phase I in Tanjung
pembangunan tangki penyimpanan Tahap I di Perak Port, Surabaya. The term of the facility is
Pelabuhan Tanjung Perak, Surabaya. Fasilitas ini 8 years (including a grace period of 18 months from
berjangka waktu 8 tahun (termasuk grace period the first utilization date or at the latest by
18 bulan sejak penarikan pertama atau January 31, 2019). The agreement has been
selambat-lambatnya pada tanggal 31 Januari 2019). amended from time to time, the latest of which was
Perjanjian ini telah mengalami perubahan dari waktu in May 2024, pertaining to an additional tenor of
ke waktu, perubahan terakhir pada bulan Mei 2024, 3 years, to August 2030.
atas penambahan tenor 3 tahun, sampai dengan
Agustus 2030.
86
Laporan Tahunan 2025
Page 386
384 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
18. HUTANG BANK JANGKA PANJANG (lanjutan) 18. LONG-TERM BANK LOANS (continued)
Andahanesa melalui Entitas Anak, TNU (lanjutan) Andahanesa through its Subsidiary, TNU
(continued)
PT Bank Central Asia Tbk (“BCA”) (lanjutan) PT Bank Central Asia Tbk (“BCA”) (continued)
Fasilitas ini dijamin dengan seluruh aset yang dibiayai The facility is secured by the related assets
oleh fasilitas ini mencakup 13 unit tangki financed by the facility covering 13 units of storage
penyimpanan. tanks.
Fasilitas ini juga mengharuskan pemenuhan It requires compliance with certain covenants,
sejumlah persyaratan, antara lain, (i) Perusahaan among others, (i) the Company shall retain control
mempertahankan kepemilikannya paling sedikit of at least 50.1% of TNU directly or indirectly, and
sebesar 50,1% atas TNU, baik secara langsung (ii) compliance with certain financial ratios.
ataupun tidak langsung, serta (ii) pemenuhan
sejumlah rasio keuangan tertentu.
TNU telah melakukan pembayaran pinjaman sebesar TNU has paid the related loan facility amounting to
Rp42.012.025 pada tahun yang berakhir pada Rp42,012,025 for the year ended December 31,
tanggal 31 Desember 2025 (2024: Rp33.222.222). 2025 (2024: Rp33,222,222).
Semua fasilitas kredit yang dijelaskan di atas All the above-mentioned credit facilities are subject
dikenakan tingkat suku bunga tahunan sebagai to annual interest rates as follows:
berikut:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Rupiah 5,24% - 9,52% 7,15% - 9,33% Rupiah
Kepatuhan atas Kovenan Compliance with Covenants
Pada tanggal 31 Desember 2025 dan 2024, Kelompok As of December 31, 2025 and 2024, the Group has
Usaha telah memenuhi semua persyaratan terkait complied with all the relevant covenants as required
sebagaimana diharuskan dalam seluruh perjanjian under all the credit agreements mentioned above.
kredit di atas.
87
Laporan Tahunan 2025
Page 387
The original consolidated financial statements included herein 385
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
19. KEPENTINGAN NONPENGENDALI 19. NON-CONTROLLING INTERESTS
Selisih
Kurs Karena Bagian Atas
Penjabaran Perubahan
Laporan Lainnya
Bagian Atas Keuangan/ Dari Ekuitas
Laba (Rugi) Exchange Entitas Anak/
Saldo Tahun Berjalan/ Difference Due to Share of Other Penambahan Saldo
1 Januari 2025/ Share in Translation of Changes Investasi/ 31 Desember 2025/
Anak Perusahaan/ Balance Current Year Financial in Equity of Additional of Balance
Subsidiaries January 1, 2025 Profit (Loss) Statements Subsidiary Investment December 31, 2025
PT Jakarta Tank Terminal 539.085.278 47.410.898 24.886.185 - - 611.382.361
PT Berkah Kawasan Manyar
Sejahtera,
entitas anak UEPN 1.791.263.025 307.923.410 - - - 2.099.186.435
PT Terminal Nilam Utara,
entitas anak Andahanesa 84.395.723 4.149.843 - - - 88.545.566
PT Dirgantara Petroindo Raya,
entitas anak AKRIDA 36.562.958 (5.588.743) - 696 16.871.190 47.846.101
PT Aneka Petroindo Raya,
entitas anak AKRIDA 586.645.684 (15.227.821) - - - 571.417.863
PT Anugerah Lubrindo Raya,
entitas anak AKRIDA 5.669.254 (350.702) - - - 5.318.552
PT Anugerah Kimia Indonesia,
entitas anak ANI 10.242.556 8.251.950 - - - 18.494.506
PT Berkah Buana Energi 7.591.357 4.231.096 - - - 11.822.453
Total 3.061.455.835 350.799.931 24.886.185 696 16.871.190 3.454.013.837
Selisih
Kurs Karena Bagian Atas
Penjabaran Perubahan
Laporan Lainnya
Bagian Atas Keuangan/ Dari Ekuitas
Laba (Rugi) Exchange Entitas Anak/
Saldo Tahun Berjalan/ Difference Due to Share of Other Penambahan Saldo
1 Januari 2024/ Share in Translation of Changes Investasi/ 31 Desember 2024/
Anak Perusahaan/ Balance Current Year Financial in Equity of Additional of Balance
Subsidiaries January 1, 2024 Profit (Loss) Statements Subsidiary Investment December 31, 2024
PT Jakarta Tank Terminal 501.713.322 13.176.105 24.195.851 - - 539.085.278
PT Berkah Kawasan Manyar
Sejahtera,
entitas anak UEPN 1.583.228.242 208.034.783 - - - 1.791.263.025
PT Terminal Nilam Utara,
entitas anak Andahanesa 77.329.764 7.065.959 - - - 84.395.723
PT Dirgantara Petroindo Raya,
entitas anak AKRIDA 34.176.272 (5.300.409) - - 7.687.095 36.562.958
PT Aneka Petroindo Raya,
entitas anak AKRIDA 563.876.964 (52.121.327) - 1.418 74.888.629 586.645.684
PT Anugerah Lubrindo Raya,
entitas anak AKRIDA 5.315.356 353.898 - - - 5.669.254
PT Anugerah Kimia Indonesia,
entitas anak ANI 6.748.509 3.494.047 - - - 10.242.556
PT Berkah Buana Energi 7.944.876 (353.519) - - - 7.591.357
Total 2.780.333.305 174.349.537 24.195.851 1.418 82.575.724 3.061.455.835
Ringkasan informasi keuangan BKMS, entitas anak The summarized financial information of BKMS, a
yang dimiliki 60% oleh UEPN sebelum eliminasi subsidiary held 60% by UEPN before elimination is
disajikan di bawah ini: provided below:
Laporan posisi keuangan Statement of financial position
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Aset Lancar 7.123.347.162 7.008.236.857 Current Assets
Aset Tidak Lancar 5.509.824.445 4.663.282.129 Non-Current Assets
Liabilitas Jangka Pendek 3.416.467.065 2.891.060.093 Current Liabilities
Liabilitas Jangka Panjang 3.965.131.143 4.055.697.761 Non-Current Liabilities
Ekuitas yang dapat diatribusikan Equity attributable to the owners
kepada pemilik Perusahaan 5.251.573.399 4.724.761.132 of the Company
88
Laporan Tahunan 2025
Page 388
386 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
19. KEPENTINGAN NONPENGENDALI (lanjutan) 19. NON-CONTROLLING INTERESTS (continued)
Dalam Rapat Umum Pemegang Saham Tahunan Based on the Annual General Shareholders’
yang diselenggarakan pada tanggal 26 April 2018, Meeting held on April 26, 2018, the BKMS's
para pemegang saham BKMS menyetujui pembagian shareholders approved the declaration of
dividen sebesar Rp135.269.845 (termasuk bagian dividends of Rp135,269,845 (including the portion
untuk Pemegang Saham Pengendali) dari laba tahun for the Controlling Interest) out of the profit for the
2015, 2016 dan 2017. Pembayaran dividen year 2015, 2016 and 2017. The payment is subject
tergantung ketersediaan kas setelah to availability of cashflows after reserve for bank
memperhitungkan pembayaran hutang bank dan and shareholder loans, the outstanding balance to
pemegang saham, saldo hutang dividen kepada the NCI of which is presented under “Dividend
pihak nonpengendali disajikan dalam “Hutang Payable”.
Dividen”.
20. MODAL SAHAM 20. SHARE CAPITAL
31 Desember 2025/ 31 Desember 2024/
December 31, 2025 Desember 31, 2024
Total Persentase Total Modal Total Persentase Total Modal
Saham/ Kepemilikan/ Disetor/ Saham/ Kepemilikan/ Disetor/
Number of Percentage of Total Paid-up Number of Percentage of Total Paid-up
Nama Pemegang Saham Shares Ownership Capital Shares Ownership Capital Names of Shareholders
PT Arthakencana Rayatama 12.787.818.600 63.71% 255.756.372 12.768.961.300 63,61% 255.379.226 PT Arthakencana Rayatama
Haryanto Adikoesoemo 212.604.600 1.06% 4.252.092 205.604.600 1,02% 4.112.092 Haryanto Adikoesoemo
Soegiarto Adikoesoemo 145.267.000 0.72% 2.905.340 101.604.800 0,51% 2.032.096 Soegiarto Adikoesoemo
Jimmy Tandyo 48.000.000 0.24% 960.000 39.000.000 0,19% 780.000 Jimmy Tandyo
Mery Sofi 8.303.000 0.04% 166.060 2.303.000 0,01% 46.060 Mery Sofi
Bambang Soetiono 7.780.000 0.04% 155.600 4.780.000 0,02% 95.600 Bambang Soetiono
Suresh Vembu 4.927.500 0.02% 98.550 3.727.500 0,02% 74.550 Suresh Vembu
Nery Polim 2.965.000 0.01% 59.300 1.050.000 0,01% 21.000 Nery Polim
Termurti Tiban 1.650.000 0.01% 33.000 450.000 0,00% 9.000 Termurti Tiban
Masyarakat (masing-masing
di bawah kepemilikan 5%) 6.580.453.900 32.79% 131.609.078 6.625.338.400 33,01% 132.506.768 Public (each below 5% ownership)
Sub-total 19.799.769.600 98.64% 395.995.392 19.752.819.600 98,40% 395.056.392 Sub-total
Saham treasuri 273.705.000 1.36% 5.474.100 320.655.000 1,60% 6.413.100 Treasury stocks
Total 20.073.474.600 100,00% 401.469.492 20.073.474.600 100,00% 401.469.492 Total
Saham Treasuri Treasury Shares
Perusahaan melaksanakan pembelian kembali The Company has conducted shares buyback
saham yang beredar dalam jangka waktu paling lama within a maximum period of 3 months, from
3 bulan, antara tanggal 16 Maret 2020 sampai March 16, 2020 up to June 12, 2020. The Company
dengan tanggal 12 Juni 2020. Perusahaan allocated the maximum funds amounted to
mengalokasikan dana sebanyak-banyaknya Rp500,000,000 with maximum buyback of
Rp500.000.000 untuk pembelian maksimum 172,631,882 shares or approximately 4.3% of the
sejumlah 172.631.882 lembar saham atau sekitar Company’s total issued and fully paid shares.
4,3% dari seluruh saham ditempatkan dan disetor
penuh Perusahaan.
Program ini sesuai dengan Peraturan Otoritas Jasa The Program is in compliance with the Financial
Keuangan (“OJK”) No. 2/POJK.04/2013. Manajemen Services Authority Regulation (“OJK”)
Perusahaan berkeyakinan bahwa Program ini dapat No. 2/POJK.04/2013. The management believes
mengembalikan kepercayaan investor kepada that the Program can increase and bring back
Perusahaan dan harga saham Perusahaan dapat investors’ confidence in the Company and its share
mencerminkan nilai yang sepadan dengan kelipatan price can reflect the value that is based on market
pasar. multiples.
89
Laporan Tahunan 2025
Page 389
The original consolidated financial statements included herein 387
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
20. MODAL SAHAM (lanjutan) 20. SHARE CAPITAL (continued)
Saham Treasuri (lanjutan) Treasury Shares (continued)
Perusahaan telah melakukan buyback saham The Company has made a buyback of 67,261,000
treasuri sebanyak 67.261.000 saham (setara dengan treasury shares (equivalent to 336,305,000 after
336.305.000 setelah stock split di Januari 2022) stock split in January 2022) at a total acquisition
dengan harga perolehan sebesar Rp118.071.864, cost of Rp118,071,864, which is presented as
yang disajikan sebagai akun “Saham Treasuri” yang “Treasury Shares” account that deducted the
mengurangi ekuitas pada laporan posisi keuangan equity in the consolidated statement of financial
konsolidasian. Buyback saham dilakukan sebelum position. Stock buyback is done before the stock
stock split. split.
Perusahaan telah melakukan Keterbukaan Informasi The Company has made the Disclosure of
melalui Surat No. 016/L-AKR-CS/2020 tanggal Information in its Letter No. 016/L-AKR-CS/2020
13 Maret 2020 ke OJK dan BEI. dated March 13, 2020 to OJK and IDX.
Seperti yang diungkapkan pada Surat As disclosed in its Letter No. 072/L-AKR-CS/2023
No. 072/L-AKR-CS/2023 tanggal 19 September 2023 dated September 19, 2023 to OJK, the Company
ke OJK, Perusahaan berencana untuk mengalihkan planned to transfer a portion of the shares (or
sebagian saham (atau sebanyak 156.500.000 156,500,000 shares) from the buyback (treasury
saham) dari saham hasil pembelian kembali (saham shares) through the Management and Employees
treasuri) dalam bentuk Program Pemberian Hak Opsi Stock Option Program (“MESOP”). The MESOP
Kepemilikan Saham kepada Manajemen dan shall be granted to selected participants
Karyawan Perusahaan (“MESOP”). MESOP ini akan (“Participants”), whereby these option rights will
diberikan kepada para peserta terpilih (“Peserta”), later give the Participants the right to purchase (or
yang mana hak opsi tersebut kemudian akan exercise) a number of the Company’s shares, with
diberikan kepada Peserta untuk membeli (atau the terms and conditions determined and regulated
melaksanakan) sejumlah saham Perusahaan, in the Program. The Option has been approved in
dengan syarat dan ketentuan yang ditentukan dan the AGM held in April 2024.
diatur dalam Program. Pelaksanaan dari hak opsi
tersebut telah disetujui RUPS pada bulan April 2024.
Opsi Saham Share Options
Opsi saham yang diberikan dapat dieksekusi selama The share options granted per phase are
tiga tahun dengan periode pelaksanaan sebagai exercisable over the next three years with the
berikut: following exercise period:
Total opsi Total options
MESOP MESOP
Phase I - Agustus 2024 15.650.000 Phase I - August 2024
Phase II - Agustus 2025 46.950.000 Phase II - August 2025
Phase III.A - 1-26 Mei 2026 46.950.000 Phase III.A - May 1-26, 2026
Phase III.B - 1-26 Mei 2026 46.950.000 Phase III.B - May 1-26, 2026
Total opsi yang diberikan 156.500.000 Total options granted
90
Laporan Tahunan 2025
Page 390
388 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
20. MODAL SAHAM (lanjutan) 20. SHARE CAPITAL (continued)
Opsi Saham (lanjutan) Share Options (continued)
Opsi saham tahap I dan II telah dieksekusi Phase I and II options are fully exercised in
seluruhnya pada Agustus 2024 dan 2025. August 2024 and 2025.
Opsi saham yang diberikan setiap tahap dapat The stock options granted per phase are
dieksekusi selama tiga tahun sebesar 10%, 30% dan exercisable over the next three years at 10%, 30%
60% setiap tahunnya dari opsi yang diberikan. and 60% of the options granted in such year.
Harga pelaksanaan opsi saham sama dengan harga The exercise price of the share options is equal to
Rp499. Tidak ada alternatif penyelesaian tunai bagi Rp499. There are no cash settlement alternatives
karyawan. Kelompok Usaha tidak memiliki praktik for the employees. The Group does not have a past
penyelesaian tunai di masa lalu untuk penghargaan practice of cash settlement for these awards.
ini.
Tidak ada pembatalan atau modifikasi pada There were no cancellations or modifications to the
penghargaan pada tahun 2024 dan 2025. awards in 2024 and 2025.
Rata-rata tertimbang sisa umur kontrak opsi saham The weighted average remaining contractual life
yang beredar pada tanggal 31 Desember 2025 for the share options outstanding as at
adalah 0,25 tahun (2024: 1,35 tahun). December 31, 2025 was 0.25 years (2024: 1.35
years).
Tabel berikut mencantumkan input ke model yang The following tables list the inputs to the models
digunakan untuk ketiga rencana untuk tahun yang used for the three plans for the year ended
berakhir pada tanggal 31 Desember 2025 dan 2024: December 31, 2025 and 2024:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Nilai wajar rata-rata tertimbang Weighted average fair values
pada tanggal pengukuran (Rp) 845,97 845,97 at the measurement date (Rp)
Hasil dividen (%) 6,10 6,10 Dividend yield (%)
Volatilitas yang diharapkan (%) 41,70 41,70 Expected volatility (%)
Suku bunga bebas risiko (%) 6,22 6,22 Risk-free interest rate (%)
Ekspektasi opsi gagal diperoleh (%) Expected forfeited option (%)
Tahun 2024 2 2 Year 2024
Tahun 2025 2 2 Year 2025
Tahun 2026 15,8 15,8 Year 2026
Rata-rata tertimbang harga saham (Rp) 499 499 Weighted average share price (Rp)
Model yang digunakan Black-scholes Black-scholes Model used
91
Laporan Tahunan 2025
Page 391
The original consolidated financial statements included herein 389
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
21. TAMBAHAN MODAL DISETOR 21. ADDITIONAL PAID-IN CAPITAL
Pada tanggal 31 Desember 2025 dan 2024, rincian As of December 31, 2025 and 2024, the Additional
akun Tambahan Modal Disetor adalah sebagai Paid-in Capital account details are as follows:
berikut:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Penawaran Umum Saham Perdana - 1994 6.000.000 6.000.000 Initial Public Offering - 1994
Biaya emisi efek Share issuance costs -
Rights Issue I (2004) (5.616.855) (5.616.855) Rights Issue I (2004)
Rights Issue II (2010), Rights Issue II (2010),
setelah dikurangi dengan biaya net-against share issuance
emisi efek sebesar Rp8.257.089 468.763.370 468.763.370 costs at Rp8,257,089
Pelaksanaan opsi saham MESOP 862.129.183 804.973.325 Exercise of MESOP share options
Penerbitan kembali saham treasuri 9.259.438 2.314.860 Reissuance of treasury stock
Difference in values
Selisih nilai transaksi restrukturisasi of restructuring transactions
entitas sepengendali 25.043.217 25.043.217 of entities under common control
Total 1.365.578.353 1.301.477.917 Total
22. BAGIAN ATAS PERUBAHAN LAINNYA DARI 22. SHARE OF OTHER CHANGES IN EQUITY OF
EKUITAS ENTITAS ANAK SUBSIDIARIES
31 Desember 2025/December 31, 2025
Penambahan
Saldo Awal/ (Pengurangan)/ Saldo Akhir/
Beginning Additions Ending
Balance (Deductions) Balance
JTT 70.963.060 - 70.963.060 JTT
UEPN 2.838.223 - 2.838.223 UEPN
Anugrah (4.794.465) - (4.794.465) Anugrah
Andahanesa (1.386) - (1.386) Andahanesa
AKRIDA (10.650) (696) (11.346) AKRIDA
Neto 68.994.782 (696) 68.994.086 Net
31 Desember 2024/December 31, 2024
Penambahan
Saldo Awal/ (Pengurangan)/ Saldo Akhir/
Beginning Additions Ending
Balance (Deductions) Balance
JTT 70.963.060 - 70.963.060 JTT
UEPN 2.838.223 - 2.838.223 UEPN
Anugrah (4.794.465) - (4.794.465) Anugrah
Andahanesa (1.386) - (1.386) Andahanesa
AKRIDA (9.232) (1.418) (10.650) AKRIDA
Neto 68.996.200 (1.418) 68.994.782 Net
92
Laporan Tahunan 2025
Page 392
390 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
23. PENDAPATAN DARI KONTRAK DENGAN 23. REVENUE FROM CONTRACT WITH
PELANGGAN CUSTOMERS
Di bawah ini adalah pemisahan pendapatan Set out below is the disaggregation of the Group’s
Kelompok Usaha dari kontrak dengan pelanggan revenue from contracts with customers for the year
untuk tahun yang berakhir pada tanggal 31 Desember ended December 31, 2025 and 2024:
2025 dan 2024:
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Berdasarkan produk dan jasa By product and services
Perdagangan dan distribusi Trading and distribution
Bahan Bakar Minyak (BBM) Petroleum
Pihak berelasi (Catatan 31) 712.164 1.654.576 Related parties (Note 31)
Pihak ketiga 34.012.629.455 28.932.533.511 Third parties
Kimia dasar dan lainnya Basic chemical and others
Pihak ketiga 7.301.072.740 6.598.060.864 Third parties
Sub-total 41.314.414.359 35.532.248.951 Sub-total
Pabrikan - Pihak ketiga Manufacturing - Third parties
Adhesive 464.361.072 651.720.510 Adhesive
Jasa logistik Logistic services
Operasi pelabuhan dan transportasi Port operations and transportation
Pihak berelasi (Catatan 31) 4.200 8.800 Related party (Note 31)
Pihak ketiga 1.063.998.483 812.566.838 Third parties
Jasa penyimpanan 239.896.740 202.011.078 Storage services
Lain-lain 102.542.299 63.161.330 Others
Sub-total 1.406.441.722 1.077.748.046 Sub-total
Tanah kawasan industri dan lainnya Industrial estate land and others
Penjualan tanah kawasan industri 1.820.296.692 877.260.909 Industrial estate land sales
Listrik dan utilitas lainnya 727.027.010 318.147.628 Electricity and other utilities
Sub-total 2.547.323.702 1.195.408.537 Sub-total
Total 45.732.540.855 38.457.126.044 Total
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Berdasarkan waktu pengakuan
pendapatan By timing of revenue recognition
Barang ditransfer pada suatu Goods transferred at
waktu 43.599.072.125 37.061.230.387 a point in time
Jasa yang ditransfer pada suatu Services transferred at
waktu 1.924.820.988 1.216.398.944 a point in time
Jasa yang ditransfer dari waktu
ke waktu 208.647.742 179.496.713 Services transferred over time
Pendapatan total dari kontrak Total revenue from contract with
dengan pelanggan 45.732.540.855 38.457.126.044 customers
93
Laporan Tahunan 2025
Page 393
The original consolidated financial statements included herein 391
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
24. BEBAN POKOK PENJUALAN DAN PENDAPATAN 24. COST OF SALES AND REVENUES
Tahun yang Berakhir
Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Perdagangan dan distribusi Trading and distribution
Beban pokok pendapatan: Cost of revenues:
Kimia dasar, Basic chemical, petroleum,
BBM dan lainnya 37.550.784.586 32.284.931.864 and others
Pengiriman, bongkar-muat dan Freight-out, handling charges
pengepakan dan lainnya 544.116.204 422.513.553 and packaging and others
Penyusutan (Catatan 10) 154.500.050 146.992.960 Depreciation (Note 10)
Penyusutan atas aset hak-guna Depreciation of right-of-use assets
(Catatan 11) 60.540.810 48.773.268 (Note 11)
Sub-total 38.309.941.650 32.903.211.645 Sub-total
Pabrikan Manufacturing
Beban pokok penjualan: Cost of goods sold:
Bahan baku yang digunakan 222.558.948 327.433.402 Raw materials used
Tenaga kerja langsung dan Direct labor and factory
biaya overhead pabrik 29.166.764 27.265.461 overhead
Penyusutan (Catatan 10) 2.554.786 2.958.585 Depreciation (Note 10)
Beban pokok produksi 254.280.498 357.657.448 Cost of goods manufactured
Persediaan barang jadi Finished goods
Awal periode 15.067.738 13.385.650 At beginning of period
Akhir periode (13.038.304) (15.067.738) At end of period
Sub-total 256.309.932 355.975.360 Sub-total
Jasa logistik Logistic services
Pengiriman, bongkar-muat dan Freight-out, handling charges
pengepakan 761.887.964 559.846.694 and packaging
Penyusutan (Catatan 10) 221.244.120 224.410.349 Depreciation (Note 10)
Perbaikan dan pemeliharaan 87.163.114 89.127.799 Repairs and maintenance
Penyusutan dan amortisasi Depreciation and amortization
atas aset hak-guna of right-of-use assets
(Catatan 11) 20.414.583 22.102.753 (Note 11)
Lain-lain 358.537.210 282.524.725 Others
Sub-total 1.449.246.991 1.178.012.320 Sub-total
Tanah kawasan industri dan lainnya 1.904.980.844 783.258.042 Industrial estate land and others
Total 41.920.479.417 35.220.457.367 Total
94
Laporan Tahunan 2025
Page 394
392 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
25. BEBAN USAHA 25. OPERATING EXPENSES
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Beban Umum dan Administrasi General and Administrative Expenses
Gaji, upah dan kesejahteraan Salaries, wages and employee
karyawan 596.647.047 593.371.399 benefits
Beban operasional kantor 103.306.891 54.186.518 Office expenses
Penyusutan (Catatan 10) 45.061.539 41.226.442 Depreciation (Note 10)
Perjalanan dinas dan transportasi 44.747.439 40.304.536 Travelling and transportation
Biaya profesional 32.670.644 39.766.599 Professional fees
Pajak dan perizinan 26.405.730 19.133.166 Taxes and licenses
Cadangan penurunan nilai kerugian Allowance for impairment losses
atas piutang usaha (Catatan 5) 20.838.513 6.745.428 on trade (Note 5)
Prasarana dan telekomunikasi 15.978.550 11.934.916 Utilities and telecommunication
Perbaikan dan pemeliharaan 9.594.750 8.624.203 Repairs and maintenance
Sewa kantor dan bangunan (Catatan 11) 8.831.763 8.086.215 Office and building rental (Note 11)
Biaya bank dan administrasi 1.979.376 1.508.710 Bank charges and administration
Asuransi 6.031.825 4.811.592 Insurance
Perlengkapan kantor 2.814.758 2.777.757 Office supplies
Penyusutan dan amortisasi Depreciation and amortization
aset hak-guna (Catatan 11) 2.633.053 3.206.473 of right-of-use assets (Note 11)
Lain-lain 43.627.954 37.759.969 Miscellaneous
Sub-total 961.169.832 873.443.923 Sub-total
Beban Penjualan Selling Expenses
Iklan dan promosi 16.951.936 18.039.442 Advertising and promotion
Transportasi 13.676.245 18.281.853 Transportation
Perjamuan 4.038.943 4.306.251 Entertainment
Penyusutan (Catatan 10) 755.093 755.093 Depreciation (Note 10)
Lain-lain 62.705.619 59.765.295 Miscellaneous
Sub-total 98.127.836 101.147.934 Sub-total
Total 1.059.297.668 974.591.857 Total
95
Laporan Tahunan 2025
Page 395
The original consolidated financial statements included herein 393
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN 26. TAXATION
a. Pajak Dibayar di Muka a. Prepaid Taxes
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Pajak pertambahan nilai - neto 114.799.729 126.272.187 Value added tax – net
Lain-lain 20.865.797 20.926.761 Others
Total 135.665.526 147.198.948 Total
b. Hutang Pajak b. Taxes Payable
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Pajak lain-lain Other taxes
Pasal 4 (2) 5.381.222 4.298.000 Article 4 (2)
Pasal 21 3.372.004 1.846.512 Article 21
Pasal 22 8.682.641 7.065.587 Article 22
Pasal 23 dan 26 7.790.973 2.858.703 Articles 23 and 26
Pajak penghasilan Income taxes
Pasal 29 25.607.175 23.991.617 Article 29
Pajak pertambahan nilai - neto 155.398.785 82.527.855 Value added tax - net
Pajak Bahan Bakar atas
Kendaraan Bermotor (“PBBKB”) 437.717.366 279.485.206 Motor Vehicle Fuel Tax (“PBBKB”)
Lain-lain 9.637.064 626.344 Others
Total 653.587.230 402.699.824 Total
96
Laporan Tahunan 2025
Page 396
394 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN (lanjutan) 26. TAXATION (continued)
c. Beban Pajak Kini c. Current Tax Expense
Rekonsiliasi antara laba sebelum pajak final dan A reconciliation between profit before final and
pajak penghasilan menurut laporan laba rugi dan income tax per consolidated statements of
penghasilan komprehensif lain konsolidasian profit or loss and other comprehensive income
dengan penghasilan kena pajak Perusahaan and taxable income of the Company are as
adalah sebagai berikut: follows:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Laba sebelum pajak final dan Profit before final and income tax
pajak penghasilan menurut per consolidated statements of
laporan laba rugi dan penghasilan profit or loss and other
komprehensif lain konsolidasian 3.307.520.236 2.838.907.151 comprehensive income
Laba entitas anak Profit of subsidiaries
sebelum pajak (1.175.959.085) (778.327.873) before tax
Lain-lain 190.976.075 121.478.921 Others
Laba Perusahaan sebelum Income before tax attributable
beban pajak 2.322.537.226 2.182.058.199 to the Company
Efek penyesuaian translasi atas Adjustment translation
laporan keuangan konsolidasian effect on the consolidated
Perusahaan 2.566.812 2.566.812 financial statements of the Company
Pendapatan dividen dari Dividend income from
entitas anak (139.965.261) (99.961.538) subsidiaries
Laba Perusahaan sebelum Income before tax attributable
beban pajak, tidak termasuk to the Company, excluding
efek penyesuaian translasi adjustment translation effect
dan pendapatan dividen yang and dividend income
dikenakan pajak final 2.185.138.777 2.084.663.473 subject to final tax
Perbedaan temporer: Temporary differences:
Penambahan penyisihan Addition for expected
kerugian ekspektasian 5.603.416 4.581.248 credit loss
Penyusutan (36.194.202) (34.774.818) Depreciation
Gain (loss) on disposal of
Laba (rugi) penjualan aset tetap (29.682.541) 4.001.261 property and equipment
Imbalan kerja dan lainnya (930.460) (49.482.599) Employment benefits and others
Sub-total (61.203.787) (175.674.908) Sub-total
Perbedaan tetap: Permanent differences:
Beban terkait penghasilan
yang pajaknya bersifat final 309.594.019 214.774.045 Expenses subjected to final tax
Penghasilan sewa yang pajaknya
bersifat final (603.545.615) (446.667.451) Rent income subjected to final tax
Penghasilan bunga yang pajaknya
bersifat final (145.134.665) (177.010.655) Finance income subjected to final tax
Beban pajak 846.602 (3.064.936) Tax expenses
Lain-lain 33.351.688 9.754.215 Others
Sub-total (404.887.971) (402.214.782) Sub-total
Penghasilan kena pajak Taxable income
Perusahaan 1.719.047.019 1.606.773.783 of the Company
97
Laporan Tahunan 2025
Page 397
The original consolidated financial statements included herein 395
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN (lanjutan) 26. TAXATION (continued)
c. Beban Pajak Kini (lanjutan) c. Current Tax Expense (continued)
Perhitungan beban pajak dan hutang pajak kini The current tax expenses and payable of the
Perusahaan adalah sebagai berikut: Company are calculated as follows:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Beban pajak kini Current tax expense
Perusahaan 378.190.344 353.490.232 The Company
Entitas Anak 56.206.166 40.275.478 Subsidiaries
Total 434.396.510 393.765.710 Total
Dikurangi pembayaran
pajak di muka Less prepaid taxes
Perusahaan The Company
Pajak penghasilan Income taxes
Pasal 22 383.886.580 274.823.800 Article 22
Pasal 23 4.024.439 21.087.718 Article 23
Pasal 25 23.864.782 43.055.737 Article 25
Sub-total 411.775.801 338.967.255 Sub-total
Entitas Anak 34.526.104 31.896.286 Subsidiaries
Total 446.301.905 370.863.541 Total
Hutang pajak - Pasal 29 Current tax payable - Article 29
Perusahaan - 14.522.977 The Company
Entitas Anak 25.607.175 9.468.640 Subsidiaries
Total 25.607.175 23.991.617 Total
Estimasi tagihan pajak penghasilan Estimated claims for tax refund
Perusahaan The Company
2025 33.585.457 - 2025
Entitas Anak Subsidiaries
2025 16.598.307 - 2025
2024 12.919.088 - 2024
2023 7.898.117 - 2023
2022 2.835.982 - 2022
2021 92.321 - 2021
Sub-total 73.929.272 - Sub-total
Estimasi tagihan Pajak
Pertambahan Nilai Estimated claims for VAT refund
Perusahaan 387.577.762 405.211.438 The Company
Entitas Anak 27.707.338 25.969.720 Subsidiaries
Sub-total 415.285.100 431.181.158 Sub-total
Total 489.214.372 431.181.158 Total
Bagian jangka pendek -
disajikan pada aset lancar Current portion - presented under
lainnya (Catatan 8) 418.764.932 415.609.983 other current assets (Note 8)
Bagian jangka panjang 70.449.440 15.571.175 Long-term portion
98
Laporan Tahunan 2025
Page 398
396 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN (lanjutan) 26. TAXATION (continued)
c. Beban Pajak Kini (lanjutan) c. Current Tax Expense (continued)
Kecuali Aruki, JTT, AST, ATI, BBE, dan ADH, Except for Aruki, JTT, AST, ATI, BBE, and
entitas anak lainnya masih dalam posisi rugi ADH, other subsidiaries are still in fiscal loss
fiskal. position.
Pajak Penghasilan Pilar Dua Pillar Two Income Taxes
Berbagai negara telah memberlakukan atau Various countries have enacted or intend to
bermaksud memberlakukan peraturan enact tax legislation to comply with Pillar Two
perpajakan untuk mematuhi aturan model Pilar model rules, including Indonesia which is
Dua, termasuk Indonesia yang diatur oleh governed by PMK 136/2024.
PMK 136/2024.
PMK 136/2024 menerapkan mekanisme PMK 136/2024 applies new taxing
perpajakan baru yang mensyaratkan mechanisms under which a Multinational
Perusahaan Multinasional ("PMN") untuk Enterprises (“MNE”) would pay a top-up tax in
membayar pajak tambahan di suatu yurisdiksi a jurisdiction whenever the efective tax rate,
ketika tarif pajak efektif, yang ditentukan determined on a jurisdictional basis under the
berdasarkan yurisdiksi menurut aturan Pilar Pillar Two rules is below a 15% minimum rate.
Dua, lebih rendah dari tarif minimum 15%. PMK 136/2024 sets out the mechanics for
PMK 136/2024 menetapkan mekanisme untuk determining which entity (or entities) in an
menentukan entitas mana (atau entitas-entitas MNE Group should apply the top-up tax and
mana) dalam Grup PMN yang harus menerapkan the portion of such tax that is charged to each
pajak tambahan tersebut dan porsi pajak yang relevant entity.
dibebankan kepada setiap entitas terkait.
Kelompok Usaha telah melakukan penilaian The Group has performed an assessment of
potensi eksposur terhadap pajak penghasilan the potential exposure to Pillar Two income
Pilar Dua berdasarkan pelaporan per negara taxes based on the most recent country-by-
terbaru dan laporan keuangan entitas konstituen country reporting and financial statements of
Kelompok Usaha. Berdasarkan penilaian, tarif the Group's constituent entities. Based on the
pajak efektif Pilar Dua di semua yurisdiksi tempat assessment, Pillar Two effective tax rates in
Kelompok Usaha beroperasi di atas 15%. Oleh all of the jurisdictions in which the Group
karena itu, Kelompok usaha tidak mengharapkan operates are above 15%. Therefore, the
mereka akan dikenakan pajak tambahan Pilar Group does not expect that it will be subject to
Dua. Pillar Two top-up taxes.
99
Laporan Tahunan 2025
Page 399
The original consolidated financial statements included herein 397
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN (lanjutan) 26. TAXATION (continued)
d. Pajak Tangguhan d. Deferred Tax
Rincian dari aset dan liabilitas pajak tangguhan The details of the Company and its
Perusahaan dan Entitas Anak adalah sebagai Subsidiaries’ deferred tax assets and liabilities
berikut: are as follows:
Pengaruh ke
posisi
keuangan
Pengaruh ke atau ekuitas/
laba rugi/ Effect to
1 Jan. 2025/ Effect to financial position 31 Des. 2025/
Jan. 1, 2025 profit and loss or equity Dec. 31, 2025
Aset pajak tangguhan Deferred tax assets
Perusahaan The Company
Liabilitas imbalan kerja 51.184.186 (204.701) 1.351.295 52.330.780 Employment benefits liabilities
Cadangan penurunan nilai Allowance for impairment losses
kerugian atas piutang usaha 21.522.249 1.232.752 - 22.755.001 on trade receivables
Akumulasi penyusutan 100.464.779 (14.492.883) - 85.971.896 Accumulated depreciation
Entitas Anak 15.172.578 4.680.415 326.466 20.179.459 Subsidiaries
Aset pajak tangguhan - neto 188.343.792 (8.784.417) 1.677.761 181.237.136 Deferred tax assets - net
Liabilitas pajak tangguhan - neto (25.699.726) (15.464.870) 224.906 (40.939.690) Deferred tax liabilities - net
Pengaruh ke
posisi
keuangan
Pengaruh ke atau ekuitas/
laba rugi/ Effect to
1 Jan. 2024/ Effect to financial position 31 Des. 2024/
Jan. 1, 2024 profit and loss or equity Dec. 31, 2024
Aset pajak tangguhan Deferred tax assets
Perusahaan The Company
Liabilitas imbalan kerja 62.968.280 (10.886.172) (897.922) 51.184.186 Employment benefits liabilities
Cadangan penurunan nilai Allowance for impairment losses
kerugian atas piutang usaha 20.514.374 1.007.875 - 21.522.249 on trade receivables
Akumulasi penyusutan 107.234.962 (6.770.183) - 100.464.779 Accumulated depreciation
Entitas Anak 10.580.234 4.627.358 (35.014) 15.172.578 Subsidiaries
Aset pajak tangguhan - neto 201.297.850 (12.021.122) (932.936) 188.343.792 Deferred tax assets - net
Liabilitas pajak tangguhan - neto (18.384.131) (7.096.746) (218.849) (25.699.726) Deferred tax liabilities - net
Manajemen berkeyakinan bahwa aset pajak The management believes that the above
tangguhan pada setiap tanggal pelaporan di atas deferred tax assets at each reporting date are
dapat terpulihkan. recoverable.
100
Laporan Tahunan 2025
Page 400
398 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
26. PERPAJAKAN (lanjutan) 26. TAXATION (continued)
d. Pajak Tangguhan (lanjutan) d. Deferred Tax (continued)
Rekonsiliasi antara beban pajak yang dihitung A reconciliation between tax expense and
dengan menggunakan tarif pajak yang berlaku amounts computed by applying the applied tax
terhadap laba sebelum pajak penghasilan adalah rate to profit before income tax are as follows:
sebagai berikut:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Laba sebelum pajak final dan
beban pajak penghasilan Consolidated profit before
konsolidasian 3.307.520.236 2.838.907.151 final and income tax expense
Laba yang dikenakan pajak final (1.144.031.547) (866.164.342) Profit subject to final tax
Laba sebelum beban pajak Consolidated profit before income
penghasilan konsolidasian tax expense non-final
tidak final yang dikenakan subject to the applicable
tarif pajak yang berlaku 2.163.488.689 1.972.742.809 tax rate
Beban pajak atas laba diluar Tax expense on profit
penghasilan final dengan tarif subject to non-final tax
pajak yang berlaku (475.967.512) (434.003.417) at prevailing tax rates
Dampak pajak atas: Tax effects of:
Perbedaan tetap dan lainnya 17.321.715 21.119.839 Permanent differences and other
Beban pajak - neto (458.645.797) (412.883.578) Tax expense - net
Pada tanggal 31 Desember 2025, Kelompok As of December 31, 2025, the Group has an
Usaha memiliki estimasi rugi pajak dari entitas estimated tax losses carry forward from its
anaknya yang tidak diakui sebagai aset pajak subsidiaries, which is not recognized as
tangguhan, sebagai berikut: deferred tax assets, as follows:
Tahun
Kedaluwarsa/ Jumlah/ Aset pajak tangguhan/
Expired Year Amount Deferred tax assets
Tahun pajak 2025 2030 12.999.156 2.859.814 2025 fiscal year
Tahun pajak 2024 2029 6.669.306 1.467.247 2024 fiscal year
Tahun pajak 2023 2028 10.448.272 2.298.620 2023 fiscal year
Tahun pajak 2022 2027 28.122.764 6.187.008 2022 fiscal year
Tahun pajak 2021 2026 30.520.840 6.714.585 2021 fiscal year
Total 88.760.338 19.527.274 Total
101
Laporan Tahunan 2025
Page 401
The original consolidated financial statements included herein 399
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
27. DIVIDEN DAN PENCADANGAN UMUM 27. DIVIDENDS AND GENERAL RESERVE
Berdasarkan Keputusan Direksi Perusahaan tanggal Based on Decision of the Company’s Board of
24 Juli 2025 yang disetujui oleh Komisaris pada Directors on July 24, 2025 which was approved by
tanggal 25 Juli 2025, Perusahaan menyetujui the Board of Commissioners on July 25, 2025, the
pembagian dividen tunai interim sebesar Rp50 Company’s declared interim cash dividends at
(dalam Rupiah penuh) per saham atau secara Rp50 (in full Rupiah) per share or amounting
keseluruhan sebesar Rp989.988.480 dari laba Rp989,988,480 out of the 2025 interim profit,
interim tahun 2025 yang diatribusikan kepada pemilik attributable to equity holders of the parent entity.
entitas induk. Dividen ini telah dibayarkan pada This dividend has been paid on August 19, 2025.
tanggal 19 Agustus 2025.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 28 April 2025, on April 28, 2025, the Company’s shareholders
para pemegang saham Perusahaan menyetujui approved the distribution of cash dividends of
pembagian dividen tunai sebesar Rp1.975.281.960 Rp1,975,281,960 or Rp100 (in full Rupiah) per
atau Rp100 (dalam Rupiah penuh) per saham dari share out of the 2024 profit attributable to equity
laba tahun 2024 yang diatribusikan kepada pemilik holders of the parent entity. A partial portion of this
entitas induk. Sebagian dividen ini adalah dividen dividend was paid as interim dividends amounting
interim yang telah dibayarkan pada tanggal to Rp987,640,980 or Rp50 (in full Rupiah) per
15 Agustus 2024 sebesar Rp986.858.480 dan pada share were paid on August 15, 2024 and
tahun 2025 sebesar Rp782.500 atau Rp50 (dalam Rp782,500 on year 2025. Final dividends of
Rupiah penuh) per saham. Dividen final sebesar Rp986,858,480 or Rp50 per share (in full Rupiah)
Rp987.640.980 atau Rp50 per saham (dalam Rupiah have been paid on May 22, 2025.
penuh) telah dibayarkan pada tanggal 22 Mei 2025.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholder’s Meeting
disebutkan di atas, para pemegang saham juga mentioned above, the shareholders also approved
menyetujui pencadangan umum sebesar Rp200.000 the appropriation for general reserve of Rp200,000
dari laba tahun 2024. from the profit of 2024.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholders’ Meeting held
yang diselenggarakan pada tanggal 29 April 2024, on April 29, 2024, the Company’s shareholders
para pemegang saham Perusahaan menyetujui approved the distribution of cash dividends of
pembagian dividen tunai sebesar Rp2.467.146.200 Rp2,467,146,200 or Rp125 (in full Rupiah) per
atau Rp125 (dalam Rupiah penuh) per saham dari share out of the 2023 profit attributable to equity
laba tahun 2023 yang diatribusikan kepada pemilik holders of the parent entity. A partial portion of this
entitas induk. Sebagian dividen ini adalah dividen dividend was paid as interim dividends amounting
interim yang telah dibayarkan pada tanggal to Rp986,858,480 or Rp50 (in full Rupiah) per
16 Agustus 2023 sebesar Rp986.858.480 atau Rp50 share were paid on August 16, 2023 and
(dalam Rupiah penuh) per saham dan pada tanggal Rp493,429,240 or Rp25 (in full Rupiah) per share
15 November 2023 sebesar Rp493.429.240 atau were paid on November 15, 2023. Final dividends
Rp25 (dalam Rupiah penuh) per saham. Dividen final of Rp986,858,480 or Rp50 per share (in full
sebesar Rp986.858.480 atau Rp50 per saham Rupiah) have been paid on May 27, 2024.
(dalam Rupiah penuh) telah dibayarkan pada tanggal
27 Mei 2024.
Dalam Rapat Umum Pemegang Saham Tahunan In the Annual General Shareholder’s Meeting
disebutkan di atas, para pemegang saham juga mentioned above, the shareholders also approved
menyetujui pencadangan umum sebesar Rp200.000 the appropriation for general reserve of Rp200,000
dari laba tahun 2023. from the profit of 2023.
102
Laporan Tahunan 2025
Page 402
400 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
28. LIABILITAS IMBALAN KERJA 28. EMPLOYMENT BENEFITS LIABILITIES
A. Imbalan kerja jangka pendek A. Short-term employee benefits
Akrual mencerminkan estimasi imbalan kerja The accrual represents estimated short-term
jangka pendek berupa bonus. benefits i.e. bonuses.
B. Imbalan pasca kerja B. Post-employment benefits
Perusahaan dan Entitas Anak di Indonesia The Company and its Subsidiaries in
memberikan imbalan pasca kerja yang belum Indonesia provide post-employment benefits
didanai untuk karyawan sesuai dengan for their qualifying employees in accordance
Peraturan Pemerintah yang berlaku dan with prevailing Government Regulation and
kebijakan Kelompok Usaha. the Group’s policies.
a. Beban neto manfaat karyawan a. Net employee benefits expenses
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Biaya jasa kini 20.151.073 18.993.061 Current service cost
Biaya bunga 12.163.022 9.971.833 Interest cost
Penyesuaian biaya jasa lalu (672.840) (2.927.389) Adjustment of past service cost
Total 31.641.255 26.037.505 Total
b. Perubahan liabilitas imbalan pasca kerja b. Changes in post-employment benefit
adalah sebagai berikut: liabilities are as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Saldo awal 179.043.946 177.230.676 Beginning balance
Biaya diakui dalam laba rugi 31.641.255 26.037.505 Expense recognized in profit or loss
(Keuntungan) kerugian diakui
dalam penghasilan (Gain) loss recognized in
komprehensif lain 6.468.599 (4.324.503) other comprehensive income
Imbalan yang dibayar (7.148.762) (19.899.732) Benefits paid
Saldo akhir 210.005.038 179.043.946 Ending balance
103
Laporan Tahunan 2025
Page 403
The original consolidated financial statements included herein 401
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
28. LIABILITAS IMBALAN KERJA (lanjutan) 28. EMPLOYMENT BENEFITS LIABILITIES
(continued)
B. Imbalan pasca kerja (lanjutan) B. Post-employment benefits (continued)
c. Perubahan nilai kini kewajiban manfaat c. Changes in present value for the benefits
karyawan adalah sebagai berikut: obligations are as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Saldo awal tahun 179.043.946 177.230.676 Beginning of year
Biaya jasa kini 20.151.073 18.993.061 Current service cost
Biaya bunga 12.163.022 9.971.833 Interest cost
Imbalan yang dibayar (7.148.762) (19.899.732) Benefits paid
Penyesuaian biaya jasa lalu (672.840) (2.927.389) Adjustment of past service cost
(Keuntungan) kerugian
aktuarial atas: Actuarial (gain) loss arising from:
Perubahan asumsi finansial 10.359.246 (3.357.314) Changes in financial assumptions
Penyesuaian historis (967.362) (967.189) Experience adjustment
Penyesuaian demografis (2.923.285) - Demographic assumptions
Saldo akhir 210.005.038 179.043.946 Ending balance
Akrual atas kewajiban Perusahaan dan The costs of providing post-employment
Entitas Anak pada tanggal 31 Desember benefits of the Company and
2025 didasarkan pada perhitungan Subsidiaries as of December 31, 2025,
aktuaris independen, kecuali Andahanesa, were calculated by independent
BBE dan AKPI didasarkan pada perhitungan actuaries, except for Andahanesa, BBE
internal. Perhitungan aktuaris tersebut and AKPI, were determined based on
menggunakan metode “Projected Unit internal computation. The actuarial
Credit” yang mempertimbangkan asumsi- valuation was carried out using the
asumsi berikut: “Projected Unit Credit” method with the
following assumptions:
Tingkat bunga diskonto : 5,50% - 6,75% per tahun/per year : Discount rate
(31 Des. 2024/Dec. 31, 2024: 5,50% - 7,13%)
Tabel mortalitas : TMI 2019 : Mortality table
Tingkat kenaikan gaji : 5,00% - 7,00% : Salary increase
Umur pensiun : 56-58 tahun untuk karyawan dan 62 tahun : Retirement age
untuk direktur/56-58 years for
employees and 62 years for directors
Tingkat cacat : 10% dari tingkat mortalitas/from mortality rate : Disability rate
Tingkat pengunduran diri : 2% atau 6% (tergantung jabatan) sampai usia : Resignation rate
30 tahun dan akan menurun sampai 0% pada
usia 2 tahun sebelum usia pensiun normal/
2% or 6% (depends on position)
up to age 30 and will decrease until 0% at the
age of 2 years before retirement age
104
Laporan Tahunan 2025
Page 404
402 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
28. LIABILITAS IMBALAN KERJA (lanjutan) 28. EMPLOYMENT BENEFITS LIABILITIES
(continued)
B. Imbalan pasca kerja (lanjutan) B. Post-employment benefits (continued)
Analisa sensitivitas untuk asumsi-asumsi yang The sensitivity analysis for significant
signifikan pada tanggal 31 Desember 2025 dan assumptions as of December 31, 2025 and
2024 adalah sebagai berikut: 2024 are as follows:
31 Desember 2025/December 31, 2025 31 Desember 2024/December 31, 2024
Kenaikan tingkat Penurunan tingkat Kenaikan tingkat Penurunan tingkat
bunga diskonto/ bunga diskonto/ bunga diskonto/ bunga diskonto/
Increase in Decrease in Increase in Decrease in
discount rate 1% discount rate 1% discount rate 1% discount rate 1%
Dampak terhadap liabilitas
imbalan pasti (13.612.984) 15.260.611 (12.162.629) 12.795.674 Effect on defined benefit obligation
31 Desember 2025/December 31, 2025 31 Desember 2024/December 31, 2024
Kenaikan Penurunan Kenaikan Penurunan
tingkat gaji/ tingkat gaji/ tingkat gaji/ tingkat gaji/
Increase in Decrease in Increase in Decrease in
salary rate 1% salary rate 1% salary rate 1% salary rate 1%
Dampak terhadap liabilitas
imbalan pasti 16.960.149 (15.133.892) 14.346.980 (13.689.537) Effect on defined benefit obligation
Durasi rata-rata liabilitas manfaat pasca kerja The average duration of the Group’s defined
diakhir periode pelaporan Kelompok Usaha benefits plan obligation at the end of the
berkisar antara 2,30 - 15,59 tahun. reporting period ranging from 2.30 - 15.59
years.
Jadwal jatuh tempo dari program imbalan pasca The undiscounted maturity profile of post-
kerja yang tidak didiskontokan pada tanggal employment benefit obligation as of
31 Desember 2025 dan 2024 adalah sebagai December 31, 2025 and 2024 are as follows:
berikut:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Dalam 1 tahun 22.150.264 10.295.915 Within 1 year
2 - 5 tahun 100.328.610 89.395.952 2 - 5 years
Lebih dari 5 tahun 1.025.218.076 1.008.422.150 More than 5 years
Manajemen berkeyakinan bahwa jumlah Management believes that the above amounts
tersebut di atas cukup untuk memenuhi are adequate to cover the requirements at
ketentuan yang berlaku pada tanggal-tanggal reporting dates.
pelaporan.
105
Laporan Tahunan 2025
Page 405
The original consolidated financial statements included herein 403
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
29. ASET DAN LIABILITAS MONETER DALAM MATA 29. MONETARY ASSETS AND LIABILITIES
UANG ASING SELAIN RUPIAH DENOMINATED IN CURRENCIES OTHER THAN
RUPIAH
Kelompok Usaha memiliki aset dan liabilitas moneter The Group has significant monetary assets and
yang signifikan dalam mata uang asing selain Rupiah liabilities denominated in currencies other than
sebagai berikut: Rupiah as follows:
31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31, 2024
Ekuivalen Ekuivalen
Mata Uang dalam Mata Uang dalam
Asing/ Rupiah/ Asing/ Rupiah/
Foreign Equivalent Foreign Equivalent
Currency in Rupiah Currency in Rupiah
Aset Assets
Kas dan setara kas US$ 139.071.367 2.333.895.675 166.039.818 2.683.535.537 Cash and cash equivalents
Piutang usaha Trade receivables
Pihak ketiga US$ 292.099.318 4.902.010.755 204.166.953 3.299.746.300 Third parties
Total aset 7.235.906.430 5.983.281.837 Total assets
Liabilitas Liabilities
Hutang usaha Trade payables
Pihak ketiga US$ 349.601.200 5.867.007.345 395.278.665 6.388.493.791 Third parties
Biaya masih harus dibayar US$ 10.312.488 173.064.176 8.991.638 145.322.861 Accrued expenses
Total liabilitas 6.040.071.521 6.533.816.652 Total liabilities
Aset (liabilitas) neto 1.195.834.909 (550.534.815) Net assets (liabilities)
Perusahaan memiliki kontrak forward untuk lindung The Company has outstanding forward contracts
nilai yang disajikan pada Catatan 33a. as disclosed in Note 33a.
30. LABA PER SAHAM 30. EARNINGS PER SHARE
Berikut adalah data yang digunakan untuk The computation of profit per share is based on the
perhitungan laba per saham: following data:
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Laba tahun berjalan yang dapat
diatribusikan kepada Profit for the year attributable to
pemilik entitas induk 2.472.616.076 2.225.117.975 equity holders of the parent entity
Jumlah rata-rata tertimbang saham Weighted average number of
biasa - dasar 19.742.486.312 19.738.498.778 common shares - basic
Laba per saham Earnings per share
(dalam Rupiah penuh) (in full Rupiah)
Yang diatribusikan kepada Attributable to the equity holders
pemilik entitas induk of the parent entity
Dasar 125,24 112,73 Basic
106
Laporan Tahunan 2025
Page 406
404 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
31. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK 31. NATURE OF RELATIONSHIP AND
BERELASI TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha normal, Perusahaan dan The Company and its Subsidiaries, in their regular
Entitas Anak melakukan transaksi dengan pihak- conduct of business, have engaged in transactions
pihak berelasi, dan diringkas sebagai berikut ini: with related parties, and summarized as follows:
Pihak berelasi/ Jenis transaksi/ Total transaksi/ Saldo/
Related parties Type of transaction Total transactions Balances
Transaksi dengan entitas di bawah pengendalian yang sama/
Transactions with entities under common control
PT Komersial Logistik Nusantara Sewa kantor/ Rp24.000 di/in 2025 -
Office rent dan/and 2024
Persentase terhadap laba neto tahun berjalan/net profit for the year 0.0%
PT AKR Land Development Service charge kepada Rp6.141.203 di/in 2025 -
dan Entitas Anak/ Perusahaan dan Entitas Anak/ (2024: Rp6.097.978)
Subsidiaries Service charge to
the Company and Subsidiaries
Persentase terhadap beban usaha/Percentage to operating expenses 0.6%
Penjualan bahan bakar minyak Rp278.240 di/in 2025 Rp124.027 pada tanggal
(BBM)/Petroleum sales (2024: Rp485.017) 31 Des. 2025/as of Dec. 31, 2025
(Catatan/Note 23) (31 Des. 2024/as of Dec. 31, 2024:
Rp106.000)
(Catatan/Note 5a)
Persentase terhadap penjualan/Percentage to sales 0.0%
Pendapatan transportasi/ Rp4.200 di/in 2025 Rp1.600 pada tanggal
Transportation revenue (2024: Rp8.800) 31 Des. 2025/as of Dec. 31, 2025
(Catatan/Note 23) (31 Des. 2024/as of Dec. 31, 2024:
Rp1.616)
(Catatan/Note 5a)
Persentase terhadap pendapatan/Percentage to revenues 0.0%
Jual beli tanah/ - Rp54.828.597 pada tanggal
Sale and purchase of land 31 Des. 2025/as of Dec. 31, 2025
dan/and
31 Des. 2024/Dec. 31, 2024
Persentase terhadap liabilitas/Percentage to liability 0.3%
Perusahaan telah melakukan Keterbukaan Informasi The Company has made the Disclosure of
melalui Surat No. 061/L-AKR-CS/2024 pada tanggal Information in its Letter No. 061/L-AKR-CS/2024
19 Juni 2024 terkait pembelian ruang kantor dari dated June 19, 2024 to OJK and IDX related to the
PT AKR Land Development ke OJK dan BEI. office purchase to PT AKR Land Development. The
Transaksi telah dilakukan di bulan September 2024 transaction has been executed in September 2024
dengan nilai wajar sesuai dengan keterangan dalam at fair value as stated in the disclosure of
surat keterbukaan informasi. information.
107
Laporan Tahunan 2025
Page 407
The original consolidated financial statements included herein 405
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
31. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK 31. NATURE OF RELATIONSHIP AND
BERELASI (lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Dalam kegiatan usaha normal, Perusahaan dan The Company and its Subsidiaries, in their regular
Entitas Anak melakukan transaksi dengan pihak- conduct of business, have engaged in transactions
pihak berelasi, dan diringkas sebagai berikut ini: with related parties, and summarized as follows:
(lanjutan) (continued)
Pihak berelasi/ Jenis transaksi/ Total transaksi/ Saldo/
Related parties Type of transaction Total transactions Balances
Transaksi dengan entitas asosiasi/
Transactions with an associate
PT Berlian Manyar Sejahtera Penjualan bahan bakar minyak Rp433.924 di/in 2025 Rp22.795 pada tanggal
(BBM)/Petroleum sales (2024: Rp1.169.559) 31 Des. 2025/Dec 31, 2025
(Catatan/Note 23) (31 Des. 2024/Dec. 31, 2024:
Rp835.861)
(Catatan/Note 5a)
Persentase terhadap penjualan/Percentage to sales 0.0%
Management fee kepada Rp1.519.500 di/in 2025 Rp158.346 pada tanggal
Perusahaan dan Entitas Anak/ (2024: Rp3.578.736) 31 Des. 2025/Dec. 31, 2025
Management fee to (31 Des. 2024/Dec. 31, 2024:
the Company and Subsidiaries RpNil)
(Catatan/Note 5b)
Persentase terhadap laba neto tahun berjalan/Percentage to net profit for the year 0.0%
Sewa tanah/ Rp2.893.598 di/in 2025 RpNil pada tanggal
Land lease (2024: Rp2.844.703) 31 Des. 2025/Dec. 31, 2025
(31 Des. 2024/Dec. 31, 2024:
Rp2.133.528)
Persentase terhadap aset/Percentage to assets 0.0%
Semua transaksi-transaksi di atas secara individu All the above transactions individually are less than
tidak melebihi 1% dari jumlah konsolidasian. 1% of total consolidated amounts.
Transaksi-transaksi dengan pihak-pihak berelasi The transactions with the related parties are made
dilakukan dengan persyaratan dan kondisi yang on terms and conditions as agreed among the
disepakati antara para pihak. parties.
Manajemen berpendapat tidak diperlukan cadangan Management believes that no allowance for
kerugian penurunan nilai atas kemungkinan tidak impairment losses on related party receivables is
tertagihnya piutang dari pihak berelasi. required to cover possible losses on uncollectible
accounts.
108
Laporan Tahunan 2025
Page 408
406 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
31. TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK 31. NATURE OF RELATIONSHIP AND
BERELASI (lanjutan) TRANSACTIONS WITH RELATED PARTIES
(continued)
Kompensasi manajemen kunci Key management compensation
Manajemen kunci termasuk Dewan Komisaris dan Key management includes the Company’s Boards
Direksi Perusahaan. Rincian atas kompensasi yang of Commissioners and Directors. The details of
diberikan adalah sebagai berikut: compensation provided are as follows:
Dewan Komisaris Board of Commissioners
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Imbalan jangka pendek 19.736.629 24.366.897 Short-term benefits
Direksi Board of Directors
Tahun yang Berakhir Pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Imbalan jangka pendek 86.150.001 107.379.782 Short-term benefits
Imbalan pasca kerja 2.348.551 2.326.944 Post-employment benefits
Total 88.498.552 109.706.726 Total
32. INFORMASI SEGMEN 32. SEGMENT INFORMATION
Aktivitas usaha Perusahaan dan Entitas Anak dibagi The Company’s and Subsidiaries’ businesses are
atas empat (4) segmen operasi utama dan melayani divided into four (4) main operating segments and
pasar domestik dan internasional. serve the local and international market.
Segmen operasi adalah sebagai berikut: The operating segments are as follows:
Perdagangan dan distribusi Trading and distribution
Segmen ini mendistribusikan produk BBM dan This segment distributes petroleum products
beragam jenis bahan-bahan kimia dasar seperti and various kinds of basic chemicals such as
caustic soda, sodium sulfat, PVC resin dan soda caustic soda, sodium sulphate, PVC resin and
ash. soda ash.
Jasa logistik Logistics services
Segmen ini menyediakan beragam jasa logistik This segment provides various kinds of
seperti penyewaan tangki penyimpanan dan logistics services such as rental of storage
gudang, jasa pengepakan, bongkar muat dan tanks and warehouses, bagging, port handling
jasa transportasi darat dan laut, terutama untuk and land and sea transportation services
produk-produk kimia cair dan padat di Indonesia mainly for liquid and solid chemical and
serta produk BBM di Indonesia. petroleum products in Indonesia.
Pabrikan Manufacturing
Segmen ini memproduksi bahan perekat oleh This segment produces adhesive materials by
Aruki. Aruki.
109
Laporan Tahunan 2025
Page 409
The original consolidated financial statements included herein 407
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
32. INFORMASI SEGMEN (lanjutan) 32. SEGMENT INFORMATION (continued)
Segmen operasi adalah sebagai berikut: (lanjutan) The operating segments are as follows: (continued)
Kawasan industri dan jasa utilitas lainnya yang Industrial estate and related utility services
terkait
Segmen ini merupakan segmen Kelompok This segment of the Group is under BKMS, an
Usaha di bawah BKMS, entitas anak yang indirect subsidiary of the Company through
dimiliki secara tidak langsung lewat UEPN. UEPN. The industrial estate is part of JIIPE
Kawasan industri ini adalah bagian dari proyek project (Note 13) developed together by
JIIPE (Catatan 13) yang dikembangkan antara BKMS and BJTI, a subsidiary of Pelindo. The
BKMS dan BJTI, entitas anak dari Pelindo. segment comprises of sales and lease of
Segmen ini terdiri dari penjualan dan penyewaan industrial estate land, sales of electricity and
tanah kawasan industri, penjualan listrik dan jasa other related services to tenants of the estate.
terkait lainnya kepada tenants kawasan tersebut.
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
pengambilan keputusan mengenai alokasi sumber making decisions about resource allocation and
daya dan penilaian kinerja. Kinerja segmen dievaluasi performance assessment. Segment performance
berdasarkan laba atau rugi operasi dan diukur secara is evaluated based on operating profit or loss and
konsisten dengan laba atau rugi operasi pada laporan is measured consistently with operating profit or
keuangan konsolidasian. loss in the consolidated financial statements.
Tabel berikut ini menyajikan informasi pendapatan The following table presents revenue and profit,
dan laba dan aset dan liabilitas tertentu sehubungan and certain asset and liability information regarding
dengan segmen operasi Kelompok Usaha: the Group’s operating segments:
31 Desember 2025/December 31, 2025 dan/and
tahun yang berakhir tanggal tersebut/the year then ended
Perdagangan Kawasan Penyesuaian/
dan distribusi/ industri/ Eliminasi/
Trading Pabrikan/ Logistik/ Industrial Lainnya/ Total/ Adjustments/ Neto/
and distribution Manufacturing Logistics estate Others Total Eliminations Net
Pendapatan dari kontrak Revenue from contract
dengan pelanggan 41.314.414.359 464.361.072 1.406.441.722 2.547.323.703 - 45.732.540.855 - 45.732.540.855 with customers
Pendapatan sewa - - 92.200.698 193.726.519 - 285.927.217 - 285.927.217 Rental income
Pendapatan antar segmen 276.711.812 - 530.340.385 9.666.410 - 816.718.607 (816.718.607 ) - Inter-segment sales
41.591.126.171 464.361.072 2.028.982.804 2.750.716.632 - 46.835.186.679 (816.718.607) 46.018.468.072
Penyusutan 181.657.308 6.643.166 227.261.639 37.999.382 - 453.561.495 1.245.775 454.807.270 Depreciation
Bagian atas laba Share in profit
entitas asosiasi - - 52.199.723 - - 52.199.723 - 52.199.723 of associates
Penghasilan keuangan - neto 256.475.907 3.817.641 10.624.846 65.654.550 - 366.572.944 (91.286.085) 245.286.859 Finance income - net
Beban keuangan (83.439.319) (244.352) (23.652.985) (5.230.017) (2.038.099) (114.604.772 ) 40.836.847 (73.767.925) Finance costs
Laba (rugi) segmen 2.517.109.533 73.270.987 406.185.563 776.787.125 (2.076.453) 3.771.276.755 (463.756.519) 3.307.520.236 Segment profit (loss)
Aset segmen 13.209.947.067 335.507.664 4.114.938.303 13.653.835.316 42.599.242 31.356.827.592 5.205.453.665 36.562.281.257 Segment assets
Liabilitas segmen 13.489.041.836 34.794.441 222.537.889 7.285.146.479 40.924.660 21.072.445.305 (120.113.517) 20.952.331.788 Segment liabilities
Additions to property,
Penambahan aset tetap 458.172.008 17.924.906 202.588.954 217.885.081 - 896.570.949 - 896.570.949 plant and equipment
110
Laporan Tahunan 2025
Page 410
408 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
32. INFORMASI SEGMEN (lanjutan) 32. SEGMENT INFORMATION (continued)
Tabel berikut ini menyajikan informasi pendapatan The following table presents revenue and profit,
dan laba dan aset dan liabilitas tertentu sehubungan and certain asset and liability information regarding
dengan segmen operasi Kelompok Usaha: (lanjutan) the Group’s operating segments: (continued)
31 Desember 2024/December 31, 2024 dan/and
tahun yang berakhir tanggal tersebut/the year then ended
Perdagangan Kawasan Penyesuaian/
dan distribusi/ industri/ Eliminasi/
Trading Pabrikan/ Logistik/ Industrial Lainnya/ Total/ Adjustments/ Neto/
and distribution Manufacturing Logistics estate Others Total Eliminations Net
Pendapatan dari kontrak Revenue from contract
dengan pelanggan 35.532.248.951 651.720.510 1.077.748.046 1.195.408.537 - 38.457.126.044 - 38.457.126.044 with customers
Pendapatan sewa - - 87.258.660 185.108.594 - 272.367.254 - 272.367.254 Rental income
Pendapatan antar segmen 293.723.964 - 446.085.669 - - 739.809.633 (739.809.633 ) - Inter-segment sales
35.825.972.915 651.720.510 1.611.092.375 1.380.517.131 - 39.469.302.931 (739.809.633 ) 38.729.493.298
Penyusutan 172.832.766 7.186.451 212.475.176 22.603.261 - 415.097.654 1.245.775 416.343.429 Depreciation
Bagian atas laba Share in profit
entitas asosiasi - - 46.467.083 - 46.467.083 - 46.467.083 of associates
Penghasilan keuangan - neto 285.415.426 4.657.621 9.700.267 94.394.444 - 394.167.758 (95.283.661) 298.884.097 Finance income - net
Beban keuangan (98.128.056) (16.248) (23.699.859) (28.660.269) (2.513.219) (153.017.651 ) 68.108.540 (84.909.111) Finance costs
Laba (rugi) segmen 2.231.274.772 154.462.683 286.730.148 524.958.053 (2.610.180) 3.194.815.476 (355.908.325) 2.838.907.151 Segment profit (loss)
Aset segmen 11.705.359.539 377.797.547 3.658.626.343 12.798.290.626 42.653.746 28.582.727.801 4.525.956.567 33.108.684.368 Segment assets
Liabilitas segmen 11.004.246.246 43.667.813 45.392.084 7.357.071.127 40.403.652 18.490.780.922 (6.089.028) 18.484.691.894 Segment liabilities
Additions to property,
Penambahan aset tetap 573.336.690 1.599.207 482.080.884 208.537.434 - 1.265.554.215 - 1.265.554.215 plant and equipment
Beberapa akun tertentu tidak dialokasikan ke segmen Certain accounts are not allocated to individual
individual karena akun-akun tersebut dikelola secara segments as those accounts are managed on a
kelompok di mana rekonsiliasinya disajikan di bawah: group basis which reconciliations are shown
belows:
Rekonsiliasi atas: Reconciliation of:
Tahun yang Berakhir pada Tanggal 31 Desember/
Year Ended December 31,
2025 2024
Laba segmen 3.771.276.755 3.194.815.476 Segment profit
Eliminasi antar segmen (53.048.913) (23.629.008) Inter-segment eliminations
Beban penjualan (48.673.613) (34.120.243) Selling expenses
Beban umum dan administrasi (595.706.434) (533.769.430) General and administratives expenses
Penghasilan keuangan 239.819.380 273.810.521 Finance income
Beban keuangan (42.970.326) (74.355.128) Finance costs
Laba (rugi) selisih kurs - neto (89.015) 1.562.004 Foreign exchange gain (loss) - net
Lain-lain 36.912.402 34.592.959 Others
Laba Kelompok Usaha 3.307.520.236 2.838.907.151 Group Segment Profit
111
Laporan Tahunan 2025
Page 411
The original consolidated financial statements included herein 409
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
32. INFORMASI SEGMEN (lanjutan) 32. SEGMENT INFORMATION (continued)
Beberapa akun tertentu tidak dialokasikan ke segmen Certain accounts are not allocated to individual
individual karena akun-akun tersebut dikelola secara segments as those accounts are managed on a
kelompok di mana rekonsiliasinya disajikan di bawah: group basis which reconciliations are shown
(lanjutan) belows: (continued)
Rekonsiliasi atas: (lanjutan) Reconciliation of: (continued)
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Aset segmen 31.350.659.475 28.582.727.801 Segment assets
Eliminasi antar segmen (1.514.499.248) (1.328.271.564) Inter-segment eliminations
Kas dan setara kas 5.096.357.756 4.225.823.761 Cash and cash equivalents
Aset lain-lain 812.183.926 808.126.273 Other assets
Aset tetap - neto 799.282.992 794.552.081 Property, plant and equipment - net
Piutang lain-lain 18.296.356 25.726.016 Other receivables
Aset Operasi Kelompok Usaha 36.562.281.257 33.108.684.368 Group Operating Assets
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Liabilitas segmen 21.039.121.330 18.465.081.196 Segment liabilities
Eliminasi antar segmen (813.876.441) (599.010.701) Inter-segment eliminations
Hutang lain-lain dan Other payables and
biaya masih harus dibayar 387.689.685 372.039.492 accrued expenses
Liabilitas imbalan pasca kerja 147.976.198 126.472.041 Post-employment benefits liabilities
Hutang pajak 150.481.318 94.410.140 Taxes payable
Liabilitas pajak tangguhan 40.939.698 25.699.726 Deferred tax liabilities
Liabilitas Operasi Kelompok Usaha 20.952.331.788 18.484.691.894 Group Operating Liabilities
Semua unit Kelompok Usaha, beroperasi di All the business units in the Group, operate in
Indonesia. Indonesia.
112
Laporan Tahunan 2025
Page 412
410 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI AND CONTINGENT LIABILITY
Perusahaan The Company
a. Pada tanggal 31 Desember 2025, Perusahaan a. As of December 31, 2025, the Company has
memiliki kontrak forward dari beberapa bank di outstanding forward contracts from several
bawah ini. Tujuan penandatanganan kontrak ini banks below. The purpose of entering those
adalah untuk lindung nilai dari risiko fluktuasi contracts is to hedge the US Dollar currency
mata uang Dolar AS terhadap Rupiah yang movement risk against Rupiah arising from the
berasal dari pembayaran kepada pemasok. payments to its suppliers. All the contracts
Semua kontrak tersebut memiliki periode jatuh have a maturity date of less than three months
tempo kurang dari tiga bulan. Jumlah bersih nilai period. The net total fair values of those
wajar keseluruhan kontrak tersebut sebesar contracts amounting to Rp4,321,802 are
Rp4.321.802 disajikan pada akun hutang lain- presented as other payables in the
lain pada laporan posisi keuangan konsolidasian consolidated statement of financial position on
tanggal 31 Desember 2025 dan perubahan nilai December 31, 2025 and the net changes in fair
wajar sebesar jumlah yang sama disajikan pada values at the same amount are presented as
akun laba selisih kurs pada laporan laba rugi dan foreign exchange gain in the consolidated
penghasilan komprehensif lain konsolidasian. statement of profit or loss and other
Perusahaan tidak menerapkan akuntansi lindung comprehensive income. The Company’s
nilai untuk kontrak forward tersebut. forward contracts are not accounted for under
hedge accounting.
Nilai nominal/ Nilai wajar/
Nominal value Fair value
(dalam Dolar AS/ (dalam Rupiah/
in US Dollar) in Rupiah)
PT Bank Central Asia Tbk 25.700.000 (1.432.501) PT Bank Central Asia Tbk
PT Bank Danamon Indonesia Tbk 19.000.000 (1.124.660) PT Bank Danamon Indonesia Tbk
PT Bank Permata Tbk 14.700.000 (1.076.260) PT Bank Permata Tbk
PT Bank Rakyat Indonesia Tbk 8.200.000 (226.182) PT Bank Rakyat Indonesia Tbk
PT Bank Mandiri (Persero) Tbk 3.000.000 (199.093) PT Bank Mandiri (Persero) Tbk
PT Bank CIMB Niaga Tbk 3.000.000 (169.206) PT Bank CIMB Niaga Tbk
PT Bank Mizuho Indonesia 2.000.000 (93.900) PT Bank Mizuho Indonesia
Total 75.600.000 (4.321.802) Total
b. Perusahaan memiliki perjanjian distribusi b. The Company has a dealership agreement
dengan PT Asahimas Chemical (Asahimas) with PT Asahimas Chemical (Asahimas)
dimana Asahimas telah menunjuk Perusahaan whereby Asahimas has appointed the
sebagai penyalur untuk produk-produk kimia Company as the dealer of Asahimas chemical
Asahimas di Indonesia. Perjanjian ini berlaku products in Indonesia. The agreement is valid
satu tahun dan diperbaharui secara tahunan for a one-year period and is renewable on a
kecuali jika dihentikan oleh kedua belah pihak yearly basis unless terminated by both parties
dengan pemberitahuan tertulis lebih dahulu. with prior written notice.
Sehubungan dengan perjanjian di atas, In connection with the above agreement, the
Perusahaan diharuskan untuk menerbitkan bank Company is required to issue a bank
garansi (payment bonds) kepada Asahimas guarantee (payment bonds) to Asahimas
sebesar Rp32.000.000. Bank garansi tersebut amounting to Rp32,000,000. Such a bank
akan dipegang oleh Asahimas sampai dengan guarantee will be held by Asahimas until the
perjanjian tersebut dihentikan oleh kedua belah dealership agreement is terminated by both
pihak. Bank garansi tersebut dikeluarkan oleh parties. The bank guarantee was provided by
Mandiri (Catatan 33h). Mandiri (Note 33h).
113
Laporan Tahunan 2025
Page 413
The original consolidated financial statements included herein 411
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
c. Perusahaan mengadakan perjanjian sewa tanah c. The Company entered into several long-term
jangka panjang dengan PT Pelabuhan Indonesia land lease agreements with PT Pelabuhan
(Persero) (“Pelindo”) di pelabuhan Tanjung Priok Indonesia (Persero) (“Pelindo”) in Tanjung
dan pelabuhan lainnya dimana tangki-tangki Priok and other port areas where the
penyimpanan milik Perusahaan berada. Masa Company’s storage tanks are located. The
sewa akan berakhir pada tahun 2026 hingga lease agreements will expire from 2026 to
2034 dan untuk yang berakhir di tahun 2026 2034, and those expired in 2026 are in
sedang dalam proses perpanjangan. Saldo yang progress of renewal. The balance of
belum diamortisasi atas hak sewa tanah sebesar unamortized land lease rights of
Rp65.144.072 pada tanggal 31 Desember 2025 Rp65,144,072 as of December 31, 2025
(2024: Rp69.979.287) dicatat sebagai bagian (2024: Rp69,979,287) is recorded as part of
dari “Aset hak-guna” (Catatan 11). “Right-of-use assets” (Note 11).
d. Pada tanggal 31 Desember 2025, Perusahaan d. As of December 31, 2025, the Company has
memiliki acceptance dan open L/C sebesar acceptance and open L/C amounting to
US$79.213.092 dan Rp265.912.231 serta US$79,213,092 and Rp265,912,231 as well
Payable Services sebesar US$192.701.851 dan as Payable Services amounting to
Rp3.398.370.687 dari beberapa bank. US$192,701,851 and Rp3,398,370,687 from
several banks.
Pada tanggal 31 Desember 2025, Perusahaan As of December 31, 2025, the Company also
juga memiliki bank garansi sebesar has an outstanding bank guarantee amounting
Rp38.178.870 dari Mandiri. to Rp38,178,870 from Mandiri.
e. Pada tanggal 29 Desember 2025, Perusahaan e. On December 29, 2025, the Company has
telah ditunjuk kembali oleh Badan Pengatur Hilir been reappointed by Badan Pengatur Hilir
Minyak dan Gas Bumi (“BPH Migas”) sebagai Minyak dan Gas Bumi (“BPH Migas”) as the
pendamping dari PT Pertamina (Persero) partner of PT Pertamina (Persero)
(PERTAMINA) untuk penyediaan dan (PERTAMINA) in the supply and
pendistribusian minyak solar sebanyak distribution of gas oil with a total of
181.000 kiloliter di tahun 2026 yang 181,000 kiloliters in 2026 which covers
mencakup wilayah Sumatera, DKI Jakarta, an area of Sumatera, DKI Jakarta, Banten,
Banten, Jawa dan Kalimantan berdasarkan Java and Kalimantan, based on the
Surat Keputusan dari Kepala BPH Migas Decision Letters of the Chairman of BPH
No. 95/P3JBT.KOM/BPH.DBBM/2025. Migas No. 95/P3JBT.KOM/BPH.DBBM/2025.
Sehubungan dengan penunjukan di atas, In relation to the appointment above, the
Perusahaan telah menandatangani perjanjian Company has entered into agreements with
dengan pihak-pihak lain (operator) dari waktu ke other parties (operators) from time to time
waktu sejak bulan Desember 2009 untuk since December 2009 to open SPBU in the
membuka SPBU di area yang dialokasikan ke area allocated to the Company based on the
Perusahaan berdasarkan surat penunjukan. appointment letter. There are several types of
Terdapat beberapa jenis perjanjian yang arrangement offered to the parties in relation
ditawarkan kepada pihak-pihak tersebut to the operations of the gas stations such as
sehubungan dengan pengoperasian stasiun “dealer owns dealer operates” type and
penyalur seperti jenis “dealer owns dealer “company owns dealer operates” type. The oil
operates” dan “company owns dealer operates”. pump dispenser for the gas station in all types
Pompa dispenser BBM untuk stasiun penyalur of arrangement are supplied by the Company
disediakan oleh Perusahaan dengan sistem on loan basis at no cost and shall be returned
pinjam tanpa biaya dan harus dikembalikan to the Company at the end of the agreement.
kepada Perusahaan pada akhir perjanjian.
114
Laporan Tahunan 2025
Page 414
412 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
Perjanjian dengan operator dari SPBU berkisar The agreements with the operators of SPBU
antara 10 sampai 20 tahun dengan pembayaran range from 10 to 20 years with compensation
kompensasi yang dihitung tergantung jumlah computed dependent on the sales quantity in
penjualan di masa yang akan datang, namun the future and can be terminated early
dapat dihentikan lebih awal tergantung dari dependent on certain conditions, among others.
kondisi tertentu, yang berhubungan dengan related to the compliance of the operators with
kepatuhan operator terhadap ketentuan yang the provisions in the agreements in operating
dipersyaratkan dalam perjanjian untuk SPBUs.
pengoperasian SPBU.
Perusahaan juga memiliki dan mengoperasikan The Company also owns and operates SPBU
SPBU yang dikenal dengan jenis “company known as “company owns company operates”
owns company operates”. type.
Perusahaan berhak menerima pembayaran The Company is entitled to receive the
penggantian subsidi dari harga jual dari subsidized portion of the selling price from
Pemerintah berdasarkan ketentuan yang the Government based on the applicable
berlaku. Jumlah penyaluran minyak solar yang ruling. Total distribution amounts of
diakui adalah sebesar Rp1.752.754.788 untuk gas oil and gasoline recognized amounted
tahun yang berakhir pada tanggal 31 Desember RpRp1,752,754,788 for the year ended
2025 (2024: Rp1.709.434.235), termasuk subsidi December 31, 2025 (2024: Rp1,709,434,235),
yang diklaim ke Kementerian Keuangan. including the subsidy claimed to Ministry of
Finance.
f. Pada tanggal 31 Desember 2025, Perusahaan f. As of December 31, 2025, the Company has
telah menandatangani kesepakatan kerja atas signed an agreement for constructions of jetty,
pekerjaan pembangunan fasilitas dermaga, storage and other facilities with contractors and
fasilitas tangki penyimpanan dan lainnya dengan has committed capital expenditure for property,
kontraktor dan memiliki komitmen pengeluaran plant and equipment approximately
modal untuk aset tetap sekitar Rp68.777.100 Rp68,777,100 (2024: Rp151,344,517).
(2024: Rp151.344.517).
g. Pada tahun 2007, Perusahaan memperoleh g. In 2007, the Company obtained unsecured and
fasilitas kredit tanpa jaminan dengan dasar uncommitted credit facilities from JP Morgan
uncommitted dari JP Morgan Chase Bank N.A., Chase Bank N.A., Jakarta Branch, with
Cabang Jakarta, dengan jumlah maksimum maximum facility amount US$30,000,000, for
kredit adalah sebesar US$30.000.000, untuk issuance of L/C, Payable Financing and Trust
fasilitas L/C, Payable Financing dan Trust Receipt. These facilities have been closed as of
Receipt. Fasilitas ini telah ditutup per tanggal 11 November 11, 2025.
November 2025.
115
Laporan Tahunan 2025
Page 415
The original consolidated financial statements included herein 413
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
h. Pada tanggal 11 November 2009, Perusahaan h. On November 11, 2009, the Company signed
menandatangani perjanjian pinjaman dengan loan agreements with Mandiri, whereby
Mandiri, dimana Mandiri setuju untuk Mandiri agreed to provide three credit facilities
menyediakan tiga fasilitas kredit (termasuk (including the term loan facility as disclosed in
fasilitas pinjaman berjangka yang disajikan pada Note 18) to the Company. These facilities are
Catatan 18) kepada Perusahaan. Fasilitas intended for purchase of petroleum and
tersebut digunakan untuk pembelian produk chemical products, hedging and tender
bahan bakar minyak (BBM) dan bahan kimia, projects and are available for one year from
transaksi lindung nilai (hedging) dan keperluan the signing date. This agreement has been
tender proyek dan fasilitas ini tersedia untuk amended in November 2025 with an addition
jangka waktu satu tahun dari tanggal of a sublimit for the NCL-UPAS Non DC facility
penandatanganan perjanjian. Perjanjian ini telah in the non-cash loan facility.
diamendemen pada bulan November 2025
dengan penambahan sublimit fasilitas NCL-
UPAS Non DC di fasilitas Pinjaman Non-Kas.
Fasilitas yang tersedia adalah sebagai berikut: The facilities available are as follows:
i) Fasilitas Pinjaman Non-Kas sebesar i) Non-Cash Loan at US$450,000,000, with
US$450.000.000, dengan beberapa various sub-limit for LC/SKBDN, T/R
sub-limit untuk fasilitas LC/SKBDN, T/R atas facility base on L/C, Standby L/C (“SBLC”)
dasar L/C, Standby L/C (“SBLC”), Deferred facility Deferred Payment, NCL-UPAS
Payment, NCL-UPAS Non DC dan Global Non DC and also available a Global line
line berupa plafond L/C yang dapat (L/C plafond) for CPIT, the Company’s
digunakan oleh CPIT, entitas anak subsidiary, at certain limit;
Perusahaan, dengan jumlah tertentu;
ii) Fasilitas Bank Garansi sebesar ii) Bank Guarantee facility at
US$100.000.000; US$100,000,000;
iii) Fasilitas hedging FX sebesar iii) Hedging FX facility at US$50,000,000.
US$50.000.000.
Fasilitas telah diperpanjang sampai dengan This agreement has been extended until
tanggal 9 November 2027. November 9, 2027.
i. Perusahaan memiliki fasilitas pinjaman dari i. The Company obtained loan facilities from
Permata yang mencakup: Permata comprising of:
i) Fasilitas Revolving Loan yang bersifat i) Uncommitted Revolving Loan facility
uncommitted sebesar Rp200.000.000; amounting to Rp200,000,000;
ii) Fasilitas transaksi valuta asing dengan LER ii) Foreign exchange facility with LER
sebesar US$20.000.000; amounting to US$20,000,000;
iii) Fasilitas Omnibus L/C Impor, yang terdiri iii) Facilities of Omnibus L/C Import
dari fasilitas L/C dan SKBDN, CBN consisting of L/C and SKBDN, CBN
Discrepant, Bank Garansi dan Discrepant, Bank Guarantee and Payable
Payable Services, dengan total limit Services Facility, with a total limit
US$300.000.000. US$300,000,000.
iv) Fasilitas Payable Services dengan limit iv) Payable Services facility amounting to
US$200.000.000. US$200,000,000.
Fasilitas ini tersedia sampai dengan tanggal These facilities are available until October 7,
7 Oktober 2028. 2028.
116
Laporan Tahunan 2025
Page 416
414 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
j. Pada tanggal 15 Agustus 2022, Perusahaan j. On August 15, 2022, the Company signed
menandatangani perjanjian pinjaman dengan several loan agreements with BNI.
BNI. Pada 14 Agustus 2025, Perusahaan dan On August 14, 2025, the Company signed
BNI melakukan perubahan atas Perjanjian amendment of Loan Agreement with BNI,
Kredit, dimana BNI setuju untuk menyediakan where BNI agreed to provide the following
fasilitas kredit berupa: credit facilities:
i) Fasilitas kredit tidak langsung sebesar i) Indirect Credit Agreement at
US$200.000.000 dengan sub-limit Fasilitas US$200,000,000 with sub-limit SCF-
SCF-Payable Financing plafond L/C, Payable Financing facilities L/C, SKBDN,
SKBDN, Bank Garansi, Trust Receipt; Bank Guarantee and Trust Receipt;
ii) Fasilitas Limit Negosiasi Wesel Ekspor ii) Limit Negotiation Wesel Export (“LNWE”)
(“LNWE”) sebesar US$25.000.000; dan facility at US$25,000,000; and
iii) Fasilitas Treasury Line sebesar iii) Treasury Line Facility at US$5,000,000.
US$5.000.000.
Perjanjian ini juga mensyaratkan Perusahaan, These loan agreements also require the
antara lain untuk mempertahankan rasio Company, among others, to maintain several
keuangan tertentu. Perjanjian kredit ini berlaku financial ratios. These loan agreements are
sampai dengan tanggal 14 Agustus 2026. valid until August 14, 2026.
k. Pada tanggal 15 Desember 2022 yang telah k. On December 15, 2022 which has been
diubah dari waktu ke waktu, Perusahaan amended from time to time, the Company
menandatangani perjanjian pinjaman dengan signed loan agreements with PT Bank Mizuho
PT Bank Mizuho Indonesia (Mizuho) dengan limit Indonesia (Mizuho) with a limit for the Import
untuk fasilitas Import L/C sebesar L/C of US$100,000,000, with details:
US$100.000.000 dengan rincian:
i) Fasilitas Import L/C/Acceptance/ i) Import L/C/Acceptance/ Trust
Trust Receipt/Export L/C, Bank Garansi, Receipt/Export L/C, Bank Guarantee,
Revolving Loan sebesar US$100.000.000; Revolving Loan Facilities at
US$100,000,000;
ii) Fasilitas Forex Line sebesar ii) Forex Line facility at US$10,000,000.
US$10.000.000.
Perjanjian ini juga mensyaratkan Perusahaan, These loan agreements also require the
antara lain untuk mempertahankan rasio Company, among others, to maintain several
keuangan tertentu. Perjanjian kredit ini berlaku financial ratios. These loan agreements are
sampai dengan tanggal 15 Desember 2026. valid until December 15, 2026.
117
Laporan Tahunan 2025
Page 417
The original consolidated financial statements included herein 415
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
l. Pada tanggal 28 Maret 2014, Perusahaan l. On March 28, 2014, the Company signed
menandatangani perjanjian pinjaman dengan several loan agreements with Danamon,
Danamon, dimana Danamon setuju untuk whereby Danamon agreed to provide credit
menyediakan fasilitas kredit kepada facilities to the Company. These facilities are
Perusahaan. Fasilitas tersebut digunakan untuk intended for the purchase of petroleum and
pembelian produk bahan bakar minyak (“BBM”) chemical products, hedging, tender projects
dan bahan kimia, transaksi lindung nilai and available for a year from the signing date.
(hedging), keperluan tender proyek dan tersedia
untuk jangka waktu satu tahun dari tanggal
penandatanganan perjanjian.
Perjanjian fasilitas pinjaman telah diubah dari The facility agreements have been amended
waktu ke waktu dimana perubahan terakhir pada from time to time whereby the latest
bulan September 2024 yang memberikan amendments were made in September 2024
fasilitas sebagai berikut: providing the following credit lines:
i) Fasilitas Omnibus Trade sebesar i) Omnibus Trade facility at
US$120.000.000 dengan beberapa sub-limit US$120,000,000 with various sub-limit for
untuk LC/SKBDN, Trust Receipt (“T/R”), LC/SKBDN, Trust Receipt (“T/R”), Open
Open Account Financing (“OAF”), Bank Account Financing (“OAF”), Bank
Garansi/Standby Letter of Credit (“SBLC”) Guarantee/Standby Letter of Credit
dan Trade Supplier Financing (“TSF”); (“SBLC”) and Trade Supplier Financing
(“TSF”);
ii) Fasilitas transaksi lindung nilai (hedging) ii) Hedging FX facility with Pre-Settlement
dengan Pre-Settlement Exposure (“PSE”) Exposure (“PSE”) at US$10,000,000.
sebesar US$10.000.000.
Perjanjian ini juga mensyaratkan Perusahaan The agreement also requires the Company to
untuk mempertahankan rasio keuangan tertentu. maintain several financial ratios. These
Fasilitas ini telah diperpanjang sampai dengan facilities have been extended until May 28,
tanggal 28 Mei 2026. 2026.
m. Melalui Surat Keterbukaan Informasi kepada m. Through its Disclosure of Information Letter to
OJK dan BEI No. 066/L-AKR-CS/2023 tanggal OJK and IDX No. 066/L-AKR-CS/2023 dated
31 Agustus 2023, Perusahaan melaporkan August 31, 2023, the Company reported that
bahwa pada tanggal 28 Agustus 2023 telah on August 28, 2023, it has signed Letter of
menandatangani Letter of Intent dengan Sichuan Intent with Sichuan Hebang Biotechnology
Hebang Biotechnology Co., Ltd. (“Hebang”), Co., Ltd. (“Hebang”), which both parties,
kedua belah pihak sepakat untuk mendirikan among others, agreed to establish a joint
perusahaan patungan di JIIPE, dengan venture in JIIPE, with ownership interest of
kepemilikan saham Hebang dan Hebang and the Company/any affiliates
Perusahaan/affiliasi yang ditunjuk, masing- designated, of 90% and 10%, respectively.
masing sebesar 90% dan 10%. Letter The Letter of Intent is signed in parallel with
of Intent ditandatangani bersamaan dengan the signing of a Conditional Sales and
penandatangan Perjanjian Pengikatan Jual Beli Purchase Binding Agreement between
Bersyarat antara Hebang dan BKMS atas lahan Hebang and BKMS of industrial land in JIIPE
di JIIPE sekitar 67 hektar untuk pembangunan approximate 67 hectares for a chemical
pabrik yang berkaitan dengan bahan kimia related plant with a total estimated investment
dengan perkiraan total nilai investasi sebesar value of US$800 million.
US$800 juta.
118
Laporan Tahunan 2025
Page 418
416 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
n. Pada tanggal 20 Juni 2024, Perusahaan n. On June 20, 2024, the Company signed loan
menandatangani perjanjian pinjaman dengan agreements with PT Bank CIMB Niaga Tbk
PT Bank CIMB Niaga Tbk (“CIMB”), dimana (“CIMB”), whereby CIMB agreed to provide
CIMB setuju untuk menyediakan fasilitas kredit credit facilities:
berupa:
i) Fasilitas Pinjaman Transaksi Khusus Trade i) Special Transaction of Trade
Account Payable, yang terdiri dari Account Payable, consisting of
SKBDN/LC dan Trust Receipt dengan total SKBDN/LC and Trust Receipt Facilities
limit sebesar US$75.000.000; with total limit at US$75,000,000;
ii) Fasilitas Forex Line dengan Pre Settlement ii) Forex Line facility with Pre Settlement
limit sebesar US$5.000.000. limit at US$5,000,000.
Perjanjian ini juga mensyaratkan Perusahaan The agreement also requires the Company to
untuk mempertahankan rasio keuangan tertentu. maintain several financial ratios. These
Fasilitas ini telah diperpanjang sampai dengan facilities have been extended until
tanggal 20 Juni 2026. June 20, 2026.
o. Pada bulan Oktober 2024, Perusahaan o. In October 2024, the Company signed loan
menandatangani perjanjian pinjaman dengan agreements with PT Bank HSBC Indonesia
PT Bank HSBC Indonesia (“HSBC”), dimana (“HSBC”), whereby HSBC agreed to provide
HSBC setuju untuk menyediakan fasilitas kredit credit facilities:
berupa:
i) Fasilitas SKBDN/LC, Trust Receipt, Import i) SKBDN/LC, Trust Receipt, Import Loan
Loan dengan total limit sebesar Facilities with total limit at US$32,000,000;
US$32.000.000;
ii) Fasilitas Forex Line dengan limit LER ii) Forex Line facility with LER limit at
sebesar US$500.000. US$500,000.
Fasilitas ini berlaku sampai dengan 10 Oktober These facilities valid until October 10, 2025
2025 dan akan dengan otomatis diperpanjang and shall be automatically extended for the
untuk periode yang sama pada setiap tanggal same period on each anniversary date hereof.
ulang tahunnya.
p. Pada tanggal 15 Januari 2025, Perusahaan p. On January 15, 2025, the Company signed
menandatangani perjanjian pinjaman dengan loan agreements with PT Bank Rakyat
PT Bank Rakyat Indonesia (Persero) Tbk Indonesia (Persero) Tbk (“BRI”), whereby BRI
(“BRI”), dimana BRI setuju untuk menyediakan agreed to provide credit facilities:
fasilitas berupa:
i) Fasilitas kredit dengan total i) Credit facility at US$200,000,000 with
US$200.000.000 dengan sub-limit: KMK sub-limit to KMK Buyer, LC/SKBDN,
Buyer, LC/SKBDN, Kredit Jangka Pendek, Short-term Credit, BG/SBLC, SCF A/P;
BG/SBLC, SCF A/P;
ii) Fasilitas Forex Line dengan limit sebesar ii) Forex Line facility with limit at
US$20.000.000. US$20,000,000.
Perjanjian ini juga mensyaratkan Perusahaan The agreement also requires the Company to
untuk mempertahankan rasio keuangan tertentu, maintain several financial ratios, These
Fasilitas ini berlaku sampai dengan tanggal facilities valid until January 15, 2028.
15 Januari 2028.
119
Laporan Tahunan 2025
Page 419
The original consolidated financial statements included herein 417
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
q. Pada tahun 2005 dan 2006, Perusahaan q. In 2005 and 2006, the Company entered into
mengadakan perjanjian pinjaman dengan BCA loan agreements with BCA whereby BCA
dimana BCA setuju untuk memberikan beberapa agreed to provide several credit facilities to the
fasilitas kepada Perusahaan. Fasilitas-fasilitas Company. These facilities are used for
tersebut digunakan untuk modal kerja, working capital, petroleum and chemical
mengimpor BBM dan bahan kimia, transaksi import transactions, hedging and for
lindung nilai (hedging) dan untuk keperluan participation in tender offer.
tender.
Perjanjian-perjanjian kredit dengan BCA tersebut The loan agreements with BCA are amended
diubah dari waktu ke waktu. Berdasarkan from time to time. Based on the latest
perubahan terakhir di bulan Maret 2025, fasilitas amendment in March 2025, the available
yang tersedia selain yang dijelaskan di atas facilities aside from the above-mention are:
adalah:
i) Fasilitas cerukan sebesar US$2.000.000 i) Overdraft facility of US$2,000,000 and
dan Rp80.000.000; Rp80,000,000;
ii) Fasilitas pinjaman non-kas sebesar ii) Non-cash loan facilities at
US$300.000.000 dengan beberapa sub- US$300,000,000 with various sub-limit
limit fasilitas untuk L/C uncommitted, facility for uncommitted L/C, SKBDN,
SKBDN, Standby L/C (“SBLC”), Bank Standby L/C (“SBLC”), Bank Guarantee,
Garansi, dan pinjaman berjangka Money and Money Market Line;
Market Line;
iii) Fasilitas valuta asing sebesar iii) Foreign exchange line facility amounted to
US$65.000.000. US$65,000,000.
Fasilitas pinjaman ini dijamin dengan negative The loan facilities are secured by a negative
pledge atas aset (Entitas Induk) dimana pledge on assets (Parent Entity) whereby the
Perusahaan tidak boleh memberikan jaminan Company commits not to create any securities
kepada pihak lain di masa depan tanpa with future lenders without prior written consent
persetujuan tertulis dari BCA. Perusahaan from BCA. The Company is obliged to BCA’s
disyaratkan untuk mengajukan terlebih dahulu right of first offer whenever the Company is
kepada BCA apabila Perusahaan bermaksud seeking new loan or credit facility. Also, the
untuk memperoleh pinjaman atau kredit baru. Company without prior approval from BCA,
Dan juga tanpa persetujuan dari BCA, shall not among others:
Perusahaan tidak boleh melakukan antara lain
hal-hal sebagai berikut:
- mengagunkan harta kekayaan Perusahaan; - pledge of its assets; file for bankruptcy;
mengajukan permohonan pailit;
- melakukan peleburan, penggabungan, - conduct consolidation, merger, takeover
pengambilalihan atau pembubaran; or liquidation;
- mengubah status kelembagaan; - change the organization status;
- mengubah kepemilikan mayoritas saham - change the majority shareholding of the
pada Perusahaan dan/atau PT AKRT oleh Company and/or PT AKRT by
Keluarga Adikoesoemo, baik secara Adikoesoemo’s Family, either directly or
langsung maupun tidak langsung yang indirectly, which will result in the reduction
mengakibatkan jumlah kepemilikan saham of the shareholding to less than 50.1%.
menjadi kurang dari 50,1%.
Perjanjian ini juga mensyaratkan Perusahaan, The Agreement also requires the Company,
antara lain untuk mempertahankan rasio among others, to maintain several financial
keuangan tertentu. Perjanjian kredit ini telah ratios. The credit agreement has been
diperpanjang sampai dengan tanggal extended to September 30, 2026.
30 September 2026.
120
Laporan Tahunan 2025
Page 420
418 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Perusahaan (lanjutan) The Company (continued)
r. Pada tanggal 26 Juni 2014, Perusahaan r. On June 26, 2014, the Company obtained
memperoleh fasilitas kredit bersifat tanpa uncommitted non-cash credit facilities from
komitmen dari The Standard Chartered Bank, The Standard Chartered Bank Indonesia
cabang Indonesia dengan kombinasi limit dari branch with a combined limit of various sub-
dengan beberapa sub-limit dari Import L/C Sight limit in Import L/C Sight and Usance facilities,
and Usance facilities, Import Loan Facility, Import Loan Facility, Import Invoice Financing
Import Invoice Financing Facility, dan Export Facility, and Export Invoice Financing Facility
Invoice Financing Facility dengan total limit with total limit amounting to US$50,000,000.
US$50.000.000. Fasilitas ini telah ditutup per These facilities have been closed as of
tanggal 17 September 2025. September 17, 2025.
Entitas anak Subsidiaries
Aruki Aruki
a. Aruki memiliki perjanjian dengan Mitsui a. Aruki has agreement with Mitsui Chemicals
Chemicals Inc. (“MCI”), Jepang, dimana MCI Inc. (“MCI”), Japan, whereby MCI granted
memberikan Aruki hak untuk menggunakan Aruki to use the technical know how to
pengetahuan teknis dalam memproduksi kimia produce its adhesive chemical products and to
perekat dan logo/merek dagang di Indonesia use the logo/trademark in Indonesia free of
tanpa dibebani biaya. Perjanjian ini berlaku charge. The agreement shall remain in force
tanpa waktu terbatas selama Perusahaan tetap for an unlimited period as long as the
merupakan pemegang saham pengendali atas Company remains as the controlling
Aruki. shareholder of Aruki.
b. Pada tanggal 4 Mei 2018, Aruki menandatangani b. On May 4, 2018, Aruki signed a credit
perjanjian kredit dengan BCA, dimana BCA agreement with BCA, whereby BCA agreed to
setuju untuk menyediakan fasilitas kredit non- provide non-cash credit facilities
kas dengan jumlah tidak melebihi ekuivalen with amount not exceeding equivalent
US$3.000.000 dengan beberapa sub-limit untuk US$3,000,000 with various sub-limit of
Usance L/C, Sight L/C dan SKBDN. Fasilitas Usance L/C, Sight L/C and SKBDN. These
tersebut digunakan untuk pembelian bahan facilities are intended for the purchase of raw
baku, suku cadang/mesin. Pada bulan Agustus materials, spare parts/machines. In August
2020, fasilitas kredit diperpanjang dengan 2020, there is an additional facility - forex line
tambahan fasilitas forex line sebesar amounting to US$2,000,000 with term of
US$2.000.000 untuk jangka waktu kontrak contract up to 2 months. Those facilities are
sampai dengan 2 bulan. Fasilitas tersebut available until May 4, 2026.
tersedia sampai dengan tanggal 4 Mei 2026.
Perjanjian ini mensyaratkan Aruki untuk The agreement requires Aruki to maintain
mempertahankan rasio keuangan tertentu. certain financial ratios.
c. Aruki memiliki fasilitas pinjaman dari PT Bank c. Aruki obtained loan facilities from PT Bank
Mizuho Indonesia dengan total limit Mizuho Indonesia with total limit amounting to
US$2.000.000 yang mencakup (i) fasilitas US$2,000,000 with comprising of
pinjaman berulang tanpa komitmen, (ii) fasilitas (i) uncommitted revolving loan facility,
surat kredit berdokumen berulang dan (ii) revolving letter of credit facility, and
(iii) fasilitas forex line. Fasilitas ini telah (iii) forex line facility. This facility has been
diperpanjang sampai dengan tanggal extended until September 9, 2026.
9 September 2026.
Perjanjian-perjanjian pinjaman ini mensyaratkan The agreements requires Aruki to maintain
pemenuhan beberapa persyaratan tertentu oleh several loan covenants.
Aruki.
121
Laporan Tahunan 2025
Page 421
The original consolidated financial statements included herein 419
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
JTT JTT
JTT mempunyai perjanjian sewa tanah jangka JTT has a long-term land lease agreement with
panjang dengan Pelindo, termasuk sewa jalur pipa Pelindo, including lease of underwater ways for
bawah laut sampai dengan tahun 2034 di Tanjung pipelines until 2034 in Tanjung Priok, Jakarta. The
Priok, Jakarta. Saldo hak pakai tanah yang belum balance of unamortized land lease rights of
diamortisasi adalah Rp62.930.022 pada tanggal Rp62,930,022 as of December 31, 2025 (2024:
31 Desember 2025 (2024: Rp67.820.275) disajikan Rp67,820,275) is recorded as part of “Right-of-use
sebagai bagian dari “Aset hak-guna” (Catatan 11). assets” (Note 11).
PT Bank Permata Tbk (“Permata”) PT Bank Permata Tbk (“Permata”)
Pada tanggal 15 Desember 2021, Permata setuju On December 15, 2021, Permata agreed to provide
untuk memberikan tambahan fasilitas pinjaman an additional facility of revolving loan to JTT at
berulang (revolving) kepada JTT sebesar US$1,500,000. The purpose of this facility is for
US$1.500.000. Tujuan dari fasilitas ini adalah untuk working capital.
modal kerja.
Fasilitas Forex Line dengan Loan Equivalent Risk Forex Line Facility with Loan Equivalent Risk (ELR)
(LER) sebesar US$1.000.000 of US1,000,000.
Fasilitas ini telah diperpanjang sampai dengan These facilities have been extended until
tanggal 7 Oktober 2028. October 7, 2028.
BKMS BKMS
a. Sehubungan dengan konstruksi proyek JIIPE a. In relation to the construction of JIIPE project
sebagaimana diungkapkan dalam Catatan 13 as disclosed in Note 13 and other relevant
dan catatan lainnya atas laporan keuangan notes to the consolidated financial statements,
konsolidasian yang relevan, pada tanggal as of December 31, 2025, BKMS has
31 Desember 2025, BKMS telah signed/awarded contracts with/to various
menandatangani/meng-award kontrak dengan/ contractors and vendors as follows:
kepada berbagai kontraktor dan penyedia jasa
dengan rincian sebagai berikut:
31 Desember 2025/ 31 Desember 2024/
December 31, 2025 December 31, 2024
Pembayaran Nilai Pembayaran Nilai
Uang Muka/ Komitmen/ Uang Muka/ Komitmen/
Nilai Kontrak/ Advance Commitment Nilai Kontrak/ Advance Commitment
Contract Value Payment Value Contract Value Payment Value
Rupiah 266.143.233 130.183.028 135.960.205 436.652.196 215.476.739 221.175.457 Rupiah
Uang muka yang dibayarkan dicatat sebagai The downpayment made is recorded as part of
bagian dari akun Uang Muka atau Persediaan Advanced Payments or Industrial Estate Land
Tanah Kawasan Industri dalam dan untuk Inventory under and for Development or
Pengembangan atau Aset Tetap, tergantung dari Property, Plant, and Equipment, depending on
sifat pembayaran yang dilakukan, dalam laporan the nature of payment, in the consolidated
posisi keuangan konsolidasian pada tanggal statement of financial position at the reporting
pelaporan. Jenis pekerjaan yang dicakup antara date. The type of work covered in the
lain adalah persiapan pembangunan jalan akses contracts, among others, preparing temporary
sementara, pekerjaan pelindungan pantai di access road, seashore protection works in
beberapa area dari kawasan industri, pekerjaan certain parts of industrial estate location, land
reklamasi tanah, pasokan pasir, instalasi pipa reclamation work, supply of sand, pipeline
angkut dan lainnya. installation, and others.
122
Laporan Tahunan 2025
Page 422
420 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS (lanjutan) BKMS (continued)
b. BKMS juga menandatangani perjanjian dengan b. BKMS also entered into agreements with
beberapa Notaris dan Pejabat Pembuat Akta several Notaries and Land Deed Officers
Tanah (“PPAT”) Kabupaten Gresik untuk (“PPAT”) resided at Gresik Regency in
penyediaan jasa pembuatan akta jual beli dan providing services for certification of notarial of
pengurusan sertifikat Hak Guna Bangunan sale and purchase agreements and
(“HGB”). certificates of building rights title (“HGB”).
c. Pada tanggal 8 Desember 2020, BKMS c. On December 8, 2020, BKMS obtained an
memperoleh fasilitas pembiayaan IMBT dari IMBT financing facility from Permata with a
Permata dengan jumlah maksimum sebesar maximum amount of Rp162,000,000 with a
Rp162.000.000 dengan jangka waktu credit term of 6 years to refinance its existing
pembiayaan selama 6 tahun untuk pembiayaan syndication loan.
kembali pinjaman sindikasi yang ada.
Transaksi pembiayaan kembali ini mengadopsi This refinancing transaction adopted the
prinsip Akuntansi Syariah “Ijarah” sesuai dengan Islamic Shariah Accounting “Ijarah” principle in
PSAK 107 dimana BKMS seolah-olah accordance with PSAK 107 whereby BKMS as
mengalihkan 6-tahun-manfaat PLTMG sebagai if transferred the 6-year-benefits of its PLTMG
aset jaminan (“objek ijarah untuk sewa”) kepada as the collateralized asset (“ijarah object for
Permata, dan kemudian BKMS akan menyewa lease”) to Permata, which then BKMS lease
kembali PLTMG tersebut selama masa berlaku back the PLTMG over the tenor of the facility.
fasilitas. Pada akhir masa pinjaman, Permata At the end of the tenor, Permata shall transfer
harus mengalihkan kembali objek sewa ke BKMS back the lease object to BKMS using the “akad
dengan menggunakan akad hibah tanpa biaya. hibah” at no cost. The difference between the
Perbedaan antara nilai manfaat 6-tahun dan nilai cost of the 6-year-benefits and the facility
fasilitas pinjaman yang diterima diakui sebagai amount received is recognized as gain on the
laba atas pengalihan objek “ijarah” untuk sewa transferred of a “ijarah” object for lease
sebesar Rp61.312.010. Pembayaran cicilan dari amounting to Rp61,312,010. The payment of
fasilitas pinjaman harus dicatat sebagai biaya the installment of the loan facility shall be
sewa. recorded as lease expense.
BKMS juga diwajibkan untuk mempertahankan BKMS also required to maintain certain
rasio keuangan tertentu. financial ratios.
d. Pada tanggal 31 Desember 2025, BKMS d. As of December 31, 2025, BKMS has
memiliki kontrak forward dan fasilitas Bank outstanding forward contracts from Bank
Permata dengan nilai nominal sebesar Permata with a notional value of
US$20.855.400 dan nilai wajar sebesar US$20,855,400 and with the fair value of
Rp1.002.199 disajikan pada akun piutang lain- Rp1,002,199 is presented as other
lain pada laporan posisi keuangan receivables in the consolidated statement of
konsolidasian. financial position.
123
Laporan Tahunan 2025
Page 423
The original consolidated financial statements included herein 421
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BKMS (lanjutan) BKMS (continued)
e. Pada bulan September 2023, BKMS dan anchor e. On September 2023, BKMS and an anchor
tenant menandatangani Perjanjian Serah Terima tenant have signed a Handover Agreement for
untuk sistem kabel listrik dan infrastrukturnya, electrical cabling system and its infrastructures,
dimana BKMS membeli aset tersebut dengan whereby BKMS purchased such assets at the
jumlah yang disepakati sebesar Rp293 juta. agreed amount of Rp293 million. Both parties
Kedua belah pihak setuju untuk melanjutkannya have agreed to proceed with a formal
dengan Perjanjian Penjualan/Penyerahan secara Sales/Transfer Agreement and with the
formal dan dengan perjanjian sewa tanah additional land lease agreement related to the
tambahan terkait dengan infrastruktur tersebut. infrastructure. The related assets have been
Aset terkait telah dicatat sebagai bagian dari Aset recorded as part of Property, Plant and
Tetap pada tahun 2023 (Catatan 10). Equipment in 2023 (Note 10).
TNU TNU
a. TNU, entitas anak Andahanesa, mempunyai a. TNU, a subsidiary of Andahanesa, has a long-
perjanjian sewa tanah jangka panjang dengan term land lease agreement with BJTI until 2034
BJTI sampai dengan tahun 2034 di Pelabuhan in Port of Tanjung Perak, Surabaya. The balance
Tanjung Perak, Surabaya. Saldo hak pakai tanah of unamortized land lease rights of
yang belum diamortisasi adalah Rp12.273.361 Rp12,273,361 as of December 31, 2025 (2024:
pada tanggal 31 Desember 2025 (2024: Rp14,973,117), which is presented as part of
Rp14.973.117), yang disajikan sebagai bagian “Right-of-use assets” (Note 11).
dari “Aset hak-guna” (Catatan 11).
b. Pada tahun 2018, TNU, entitas anak tidak b. In 2018, TNU, an indirect subsidiary of the
langsung Perusahaan, menerima klaim dari pihak Company, received a claim from a third party
ketiga dalam hubungannya dengan pertinent to its asset construction. The claim is in
pembangunan asetnya. Klaim ini sedang dalam the process to be settled by the parties through
proses penyelesaian oleh kedua belah pihak a mediation process at reporting date.
melalui proses mediasi pada tanggal pelaporan.
Anugrah Anugrah
Pada bulan Juli 2011 dan beserta perubahan On July 2011 and further as amended, Anugrah
berikutnya, Anugrah menandatangani perjanjian signed a capital investment agreement with two
investasi modal dengan dua pemegang saham individual shareholders of PT Jabal Nor (“Jabal Nor”)
individual PT Jabal Nor (“Jabal Nor”) untuk to acquire a total of 59.40% ownership interest in
mengakuisisi keseluruhan 59,40% kepemilikan saham Jabal Nor at Rp176,000,000 to be achieved in
di Jabal Nor sebesar Rp176.000.000 yang akan certain stages upon the completion of certain
dicapai dalam beberapa tahapan sesuai dengan requirements as stipulated in the agreement by all
pencapaian ketentuan-ketentuan tertentu dalam parties. As of December 31, 2016, Anugrah has not
perjanjian oleh semua pihak. Pada tanggal reached the total targeted ownership percentage
31 Desember 2016, Anugrah belum mencapai target and therefore the total cash contribution made
persentase kepemilikan, sehingga jumlah setoran reflecting a 42.94% ownership interest in Jabal Nor
tunai yang telah dilakukan yang mencerminkan is treated as investment in an associate.
42,94% kepemilikan di Jabal Nor diperlakukan sebagai
investasi pada entitas asosiasi.
124
Laporan Tahunan 2025
Page 424
422 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
Anugrah (lanjutan) Anugrah (continued)
Berdasarkan Akta Notaris Jose Dima Satria, S.H., Based on the Notarial Deed of Jose Dima Satria,
M.Kn., No. 27 tanggal 9 Maret 2017, Anugrah, entitas S.H., M.Kn., No. 27 dated March 9, 2017, Anugrah,
anak Perusahaan, selaku pemegang 42,94% saham a subsidiary of the Company, as the holder of
Jabal Nor, telah menandatangani akta Pengalihan 42.94% shares in Jabal Nor, has signed the deed of
Saham atas seluruh kepemilikan saham Anugrah atas transfer Anugrah whole shares ownership in Jabal
Jabal Nor. Transaksi pengalihan saham tersebut Nor. The transaction from the share transfer is
dicatat di dalam akun “Aset keuangan tidak lancar recorded under “Other non-current financial assets”.
lainnya”.
Berdasarkan ikatan perjanjian tanggal 29 Juli 2020, Based on the commitment agreement on July 29,
pemegang saham individual telah sepakat untuk 2020, individual shareholders agreed to settle the
menyelesaikan kewajibannya dengan pengalihan aset transaction by transferring assets in the form of
berupa tanah kepada Anugrah. lands to Anugrah.
AKRIDA AKRIDA
Pada tanggal 15 November 2016, AKRIDA dan BP On November 15, 2016, AKRIDA and BP Global
Global Investments Limited menandatangani Investments Limited signed a Heads of Agreement
Perjanjian Pendahuluan (Heads of Agreement) untuk for Retail Joint Venture in London. The purpose and
usaha Joint Venture Ritel di London. Maksud dan objective of entering into the Heads of Agreement is
tujuan dari Perjanjian Pendahuluan ini adalah untuk to explore the creation of a joint venture to establish
mengeksplorasi pendirian usaha joint venture dalam and grow retail fuel network to supply premium
rangka membangun dan mengembangkan jaringan quality fuels and provide differentiated offer to the
ritel BBM untuk memasok BBM berkualitas premium Indonesia customers. The Company has made the
dan memberikan tawaran yang berbeda Disclosure of Information in its Letter
untuk konsumen Indonesia. Perusahaan telah No. 112/L-AKR-CS/2016 dated November 16, 2016
melakukan Keterbukaan Informasi melalui Surat to OJK and IDX (Note 1b).
No. 112/L-AKR-CS/2016 tanggal 16 November 2016
ke OJK dan BEI (Catatan 1b).
Pada tanggal yang sama, kedua pihak di atas juga On the same date, both parties also signed a Joint
menandatangani Perjanjian Usaha Patungan di bidang Venture Agreement related to Aviation Fuels
bahan bakar penerbangan di London. Maksud dan business in London. The purpose and objective of
tujuan dari Perjanjian ini adalah untuk mendukung entering into the Agreement is to support the
pengembangan industri penerbangan dan development of the growth of the Indonesian
memberikan kontribusi pada pertumbuhan ekonomi economy by investing in infrastructure, applying the
Indonesia dengan berinvestasi di bidang infrastruktur, latest innovative technology and operational best
menerapkan teknologi inovatif terkini, serta penerapan practices for the supply of aviation fuel. The
sistem operasional terbaik untuk pasokan Company has made the Disclosure of Information in
bahan bakar penerbangan. Perusahaan telah its Letter No. 111/L-AKR-CS/2016 dated
melakukan Keterbukaan Informasi melalui Surat November 16, 2016 to OJK and IDX (Note 1b).
No. 111/L-AKR-CS/2016 tanggal 16 November 2016
ke OJK dan BEI (Catatan 1b).
125
Laporan Tahunan 2025
Page 425
The original consolidated financial statements included herein 423
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
APR APR
a. APR, entitas anak AKRIDA, mempunyai a. APR, a subsidiary of AKRIDA, has a long-term
perjanjian sewa tanah jangka panjang sampai land lease agreement until 2040 in Jakarta and
dengan tahun 2040 di Jakarta dan Surabaya. Surabaya. The balance of unmortized land
Saldo hak pakai tanah yang belum diamortisasi lease rights of Rp184,847,871 as of December
adalah Rp184.847.871 pada tanggal 31 31, 2025 (2024: Rp201,167,388) which is
Desember 2025 (2024: Rp201.167.388) yang presented as part of “Right-of-use assets”
disajikan sebagai bagian dari “Aset hak-guna” (Note 11).
(Catatan 11).
b. Pada tanggal 27 Januari 2026, APR b. On January 27, 2026, APR signed 8th (Eighth)
menandatangani Perubahan Ke-8 (Kedelapan) Amendment and Restatement to the Credit
terhadap Perjanjian Kredit No. 064/CB/JKT/2018 Agreement No. 064/CB/JKT/2018 dated
tanggal 30 November 2018 dengan PT Bank November 30, 2018 with PT Bank CIMB Niaga
CIMB Niaga Tbk (“CIMB”) untuk memperpanjang Tbk (“CIMB”) to extend the credit facility
jangka waktu fasilitas kredit hingga 30 April 2026. availability period up to April 30, 2026. CIMB
CIMB setuju untuk menyediakan fasilitas kredit agreed to provide credit facilities to APR for
kepada APR dalam rangka pembelian produk, purchase of products, hedging transactions,
transaksi lindung nilai, dan keperluan tender and tender projects.
proyek
Perjanjian fasilitas pinjaman memberikan fasilitas The facility agreements are providing the
sebagai berikut: following credit lines:
i) Fasilitas Credit Commercial Lines: Fasilitas i) Credit Commercial Lines Facility: Letter of
Letter of Credit (“L/C”) dan/atau Surat Kredit Credit (“L/C”) Facility and/or Surat Kredit
Berdokumen Dalam Negeri (“SKBDN”) Berdokumen Dalam Negeri (“SKBDN”)
sebesar US$13.000.000 (“Fasilitas CC amounting to US$13,000,000 (“CC Lines
Lines”) yang bersifat interchangeable atau Facility”) which is interchangeable with or
dapat dipergunakan secara bersama-sama can be used in conjunction with;
dengan;
ii) Fasilitas Bank Garansi dengan ketentuan ii) Bank Guarantee Facility with the
jumlah total penggunaan Fasilitas CC Lines provisions of total amount CC Lines
tidak diperkenankan lebih dari Facility no more than US$13,000,000
US$13.000.000 (“Fasilitas BG/SBLC”); (“BG/SBLC Facility”);
iii) Perjanjian Jual Beli Valuta Asing dengan iii) Foreign Exchange Agreement with
Pre-Settlement Limit secara keseluruhan Pre-Settlement Limit as a whole not
tidak melebihi ekuivalen US$5.000.000. exceeding the equivalent US$5,000,000.
Pada tanggal 31 Desember 2025, APR tidak As of December 31, 2025, APR has no open
memiliki open L/C dan outstanding Bank L/C and no outstanding of Bank Guarantee.
Garansi.
126
Laporan Tahunan 2025
Page 426
424 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
DPR DPR
Pada tanggal 23 Januari 2020, DPR menandatangani On January 23, 2020, DPR signed a loan
perjanjian pinjaman dengan Standard Chartered agreement with Standard Chartered Bank -
Bank - Cabang Indonesia (“SCB”), dimana SCB Indonesia Branch (“SCB”), whereby SCB agreed to
setuju untuk menyediakan (i) Fasilitas L/C Impor provide (i) L/C Import unsecured facility
unsecured US$2.000.000; (ii) Fasilitas L/C Impor US$2,000,000; (ii) L/C Import secured facility
secured US$2.000.000; (iii) Obligasi dan Bank US$2,000,000; (iii) Bonds and Guarantees
Garansi US$200.000, dengan total gabungan batas US$200,000, with total combined facilities limit of
fasilitas sejumlah US$2.000.000. US$2,000,000.
Fasilitas ini digunakan untuk penerbitan L/C impor These facilities are intended for issuance of L/C
barang dan untuk penerbitan jaminan (bid bond, covering the import of goods and issuance of
advance payment bond dan performance bond). guarantees (bid bond, advance payment bond and
Fasilitas ini telah diperpanjang otomatis. performance bond). The facilities have been
automatically extended.
ANI melalui Entitas Anak, AKI ANI through its Subsidiary, AKI
PT Bank Permata Tbk (“Permata”) PT Bank Permata Tbk (“Permata”)
Pada bulan Januari 2026, AKI menandatangani On January 2026, AKI signed extension of loan
perjanjian perpanjangan pinjaman dengan Permata, agreements with Permata, whereby Permata
dimana Permata setuju untuk menyediakan fasilitas agreed to provide credit facility to AKI. These
kredit kepada AKI. Fasilitas tersebut digunakan untuk facilities are intended for the purchase of chemical
pembelian produk bahan kimia, modal kerja dan products, working capital and hedging
transaksi lindung nilai (hedging). Fasilitas ini tersedia transactions. The facilities are available for a period
untuk jangka waktu sampai tanggal 7 Januari 2026. date until January 7, 2026.
Fasilitas yang tersedia adalah sebagai berikut: The facilities available are as follows:
i) Omnibus Revolving Loan sebesar US$4.000.000 i) Omnibus Revolving Loan at US$4,000,000
meliputi Revolving Loan dan L/C/SKBDN; covering Revolving Loan and L/C/SKBDN;
ii) Fasilitas hedging FX sebesar US$500.000 dengan ii) Hedging FX facility at US$500,000 with Loan
Loan Equivalent Risk (“LER”) Spot transaction Equivalent Risk (“LER”) Spot transaction at
maksimal US$25.000.000. maximum of US$25,000,000.
iii) Fasilitas pinjaman rekening koran sebesar iii) Overdraft facility at Rp16,000,000.
Rp16.000.000.
Pada tanggal 31 Desember 2025, AKI memiliki As of December 31, 2025, AKI has outstanding
kontrak forward dari fasilitas FX dengan nilai nominal forward contracts from its FX facility with a nominal
sebesar US$3.424.282 dan dengan nilai wajar value of US$3,424,282 and with the fair value of
sebesar Rp160.320 disajikan pada akun aset lain-lain Rp160,320 is presented as other payable in the
pada laporan posisi keuangan konsolidasian. consolidated statement of financial position.
AKPI AKPI
AKPI, entitas anak Andahanesa, mempunyai AKPI, a subsidiary of Andahanesa, has a long-term
perjanjian sewa tanah jangka panjang dengan BMS land lease agreement with BMS until 2043 in
sampai dengan tahun 2043 di Kawasan JIIPE, Kawasan JIIPE, Gresik, East Java. The balance of
Gresik, Jawa Timur. Saldo hak pakai tanah yang the unamortized land lease rights is RpNil as of
belum diamortisasi per 31 Desember 2025 adalah December 31, 2025 (December 31, 2024:
RpNihil (31 Desember 2024: Rp2.133.528) yang Rp2,133,528), which is presented as part of “Right-
disajikan sebagai bagian dari ”Aset hak-guna” of-use assets” (Note 11).
(Catatan 11).
127
Laporan Tahunan 2025
Page 427
The original consolidated financial statements included herein 425
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
33. PERJANJIAN PENTING, IKATAN, DAN 33. SIGNIFICANT AGREEMENTS, COMMITMENTS,
LIABILITAS KONTINJENSI (lanjutan) AND CONTINGENT LIABILITY (continued)
Entitas anak (lanjutan) Subsidiaries (continued)
BBE BBE
Pada tanggal 11 November 2024, BBE On November 11, 2024, BBE signed loan
menandatangani perjanjian pinjaman dengan BNI, agreements with BNI, whereby BNI agreed to
dimana BNI setuju untuk menyediakan fasilitas kredit provide credit facilities to BBE as follow:
kepada BBE berupa:
i) Fasilitas Kredit Modal Kerja Terbatas maksimal i) Working Capital Loan facility maximum
sebesar Rp5.000.000; amount of Rp5,000,000;
ii) Fasilitas Kredit Investasi Refinancing maksimal ii) Investment Credit Refinancing facility
sebesar Rp51.000.000; maximum amount of Rp51,000,000;
iii) Fasilitas Standby L/C (“SBLC”) sebesar iii) Standby L/C (“SBLC”) facility at
US$60.000.000; US$60,000,000;
iv) Fasilitas Bank Garansi sebesar US$1.900.000. iv) Bank Guarantee facility at US$1,900,000.
Fasilitas Kredit Modal Kerja, Standby L/C (”SBLC”), The facility for Working Capital Loan, Standby L/C
serta Bank Garansi untuk jangka waktu satu tahun (“SBLC”), and Bank Guarantee are available for
dari tanggal penandatanganan perjanjian yang one year from the signing date and will expire on
berakhir di 10 November 2026. November 10, 2026.
Fasilitas Kredit Investasi untuk jangka waktu lima The facility for Invesment Credit is available for five
tahun dari tanggal penandatanganan perjanjian yang years from the signing date and will expire on
berakhir di 10 November 2029. November 10, 2029.
Pada tanggal 31 Desember 2025, BBE memiliki open As of December 31, 2025, BBE has open Standby
Standby Letter of Credit sebesar US$6.151.290. Letter of Credit amounting to US$6,151,290.
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN AND POLICIES
Dalam aktivitas usahanya sehari-hari, Kelompok In their daily business activities, the Group is
Usaha dihadapkan pada berbagai risiko. Risiko exposed to risks. The main risks facing by the
utama yang dihadapi Kelompok Usaha yang timbul Group arising from its financial instruments are
dari instrumen keuangan adalah risiko kredit, risiko credit risk, market risk (i.e. interest rate risk, foreign
pasar (yaitu tingkat suku bunga, risiko nilai tukar mata exchange rate risk and commodity price risk) and
uang asing dan risiko harga komoditas) dan risiko liquidity risk. The core function of the Group’s risk
likuiditas. Fungsi utama dari manajemen risiko management is to identify all key risks for the
Kelompok Usaha adalah untuk mengidentifikasi Group, measure these risks and manage the risk
seluruh risiko kunci, mengukur risiko-risiko ini dan positions in accordance with its policies and group
mengelola posisi risiko sesuai dengan kebijakan dan risk appetite. The Group regularly reviews its risk
risk appetite Kelompok Usaha. Kelompok Usaha management policies and systems to reflect
secara rutin menelaah kebijakan dan sistem changes in markets, products and best market
manajemen risiko untuk menyesuaikan dengan practice.
perubahan di pasar, produk dan praktik pasar terbaik.
128
Laporan Tahunan 2025
Page 428
426 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
a. Risiko Kredit a. Credit Risk
Risiko kredit adalah risiko kerugian keuangan Credit risk is the risk of suffering financial loss,
yang timbul jika pelanggan Kelompok Usaha should any of the Group’s customers fail to
gagal memenuhi kewajiban kontraktualnya fulfill their contractual obligations to the Group.
kepada Kelompok Usaha. Risiko kredit terutama Credit risk arises mainly from trade
berasal dari piutang usaha dari pelanggan yang receivables from customers generated from
timbul dari aktivitas perdagangan dan distribusi, the Group’s trading and distribution activities,
penjualan produk dan sejumlah jasa terpadu product sales and various integrated services
kepada pelanggan seperti jasa penyimpanan to customers such as storage and handling of
dan penanganan barang dan lainnya. goods and others.
Maksimum risiko kredit yang dihadapi oleh The maximum Group’s exposure of the credit
Kelompok Usaha kurang lebih sebesar nilai risk approximates its net carrying amounts of
tercatat neto dari piutang usaha sebagaimana trade receivables as shown in Note 5a.
ditunjukkan dalam Catatan 5a. Manajemen Management believes that there are no
berpendapat bahwa tidak terdapat risiko yang significant concentrations of credit risk in the
terkonsentrasi secara signifikan atas piutang trade receivables.
usaha.
Risiko kredit pelanggan dikelola oleh masing- Customer credit risk is managed by each
masing unit usaha sesuai dengan kebijakan, business unit subject to the Group’s
prosedur dan pengendalian dari Kelompok established policy, procedures and control
Usaha yang berhubungan dengan pengelolaan relating to customer risk management. Credit
risiko kredit pelanggan. Batasan kredit limits are established for all customers based
ditentukan untuk semua pelanggan berdasarkan on internal rating criteria. Outstanding
kriteria penilaian secara internal. Saldo piutang customer receivables are regularly monitored
pelanggan dimonitor secara teratur oleh unit-unit by relevant business units.
usaha terkait.
Sehubungan dengan risiko kredit yang timbul With respect to credit risk arising from the
dari aset keuangan lainnya yang terutama other financial assets, which mainly comprise
mencakup kas dan setara kas, risiko kredit yang of cash and cash equivalents, the Group’s
dihadapi timbul karena wanprestasi dari exposure to credit risk arises from the default
counterparty. Kelompok Usaha memiliki of counterparty. The Group has a policy to not
kebijakan untuk tidak menempatkan investasi place investments in instruments that have a
pada instrumen yang memiliki risiko kredit tinggi high credit risk and only puts the investments
dan hanya menempatkan investasinya pada in banks with high credit ratings. The
bank-bank dengan peringkat kredit yang tinggi. maximum exposure equals to the carrying
Nilai maksimal eksposur setara dengan nilai amounts as disclosed in Note 4.
tercatat sebagaimana ditunjukkan pada
Catatan 4.
b. Risiko Pasar b. Market Risk
Risiko pasar adalah risiko dimana nilai wajar dari The market risk is the risk that the fair value of
arus kas masa depan dari suatu instrumen future cash flows of a financial instrument will
keuangan akan berfluktuasi karena perubahan fluctuate because of changes in market prices.
harga pasar. Kelompok Usaha dipengaruhi oleh The Group is exposed to market risks, in
risiko pasar, terutama risiko tingkat suku bunga, particular, interest rate risk, foreign currency
risiko nilai tukar mata uang asing dan risiko harga exchange risk and commodity price risk.
komoditas.
129
Laporan Tahunan 2025
Page 429
The original consolidated financial statements included herein 427
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko tingkat suku bunga Interest rate risk
Risiko tingkat suku bunga adalah risiko dimana The interest rate risk is the risk that the fair
nilai wajar atau arus kas masa depan dari suatu value or future cash flows of a financial
instrumen keuangan berfluktuasi karena instrument will fluctuate because of changes in
perubahan suku bunga pasar. Pengaruh dari market interest rates. The Group’s exposure to
risiko perubahan suku bunga pasar the risk of changes in market interest rates
berhubungan dengan pinjaman jangka pendek relates primarily to the Group’s short-term and
dan panjang dari Kelompok Usaha yang long-term debt obligations with floating interest
dikenakan suku bunga mengambang. rates.
Kelompok Usaha memonitor secara ketat The Group closely monitors the market
fluktuasi suku bunga pasar dan ekspektasi pasar interest rate fluctuation and market
sehingga dapat mengambil langkah-langkah expectation, so it can take necessary actions
yang paling menguntungkan Kelompok Usaha benefited most to the Group in due time. The
secara tepat waktu. Manajemen tidak management currently does not consider the
menganggap perlunya melakukan swap suku necessity to enter into any interest rate swaps.
bunga pada saat ini.
Tabel berikut menunjukkan sensitivitas atas The following table demonstrates the
perubahan yang wajar dari tingkat suku bunga sensitivity to a reasonably change in interest
atas saldo pinjaman yang dikenakan suku bunga rates on the floating interest loans on
mengambang pada tanggal 31 Desember 2025, December 31, 2025, with all other variables
dimana semua variabel lainnya dianggap held constant, to the consolidated profit before
konstan, terhadap laba sebelum pajak income tax for the year ended December 31,
penghasilan konsolidasian untuk tahun yang 2025:
berakhir pada tanggal 31 Desember 2025:
Kenaikan
(penurunan) Efek terhadap
dalam persentase/ laba sebelum
Increase pajak/
(decrease) Effect on income
in percentage before tax
Mata uang pinjaman Loan currency
Rupiah 0,5% (25.614.458) Rupiah
(0,5%) 25.614.458
Risiko nilai tukar mata uang asing Foreign exchange risk
Risiko mata uang asing adalah risiko dimana nilai The foreign currency risk is the risk that the fair
wajar atau arus kas masa mendatang dari suatu value or future cash flows of a financial
instrumen keuangan karena perubahan dari nilai instrument will fluctuate because of changes in
tukar mata uang asing. Pengaruh dari risiko foreign exchange rates. The Group’s exposure
perubahan nilai tukar mata uang asing terutama to the risk of changes in foreign exchange
berasal dari aktivitas usaha Kelompok Usaha rates relates primarily to the Group’s operating
(ketika pendapatan dan beban terjadi dalam activities (when revenue or expense are
dalam uang yang berbeda dari mata uang denominated in a different currency from the
fungsional Kelompok Usaha), dan pinjaman Group’s functional currency), and US Dollar
dalam mata uang Dolar AS. denominated loans.
130
Laporan Tahunan 2025
Page 430
428 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko nilai tukar mata uang asing (lanjutan) Foreign exchange risk (continued)
Eksposur fluktuasi nilai tukar atas Perusahaan Exposure to exchange rate fluctuations to the
dan entitas anak tertentu di Indonesia berasal Company and certain subsidiaries in
dari nilai tukar antara Dolar AS dan Rupiah Indonesia comes from the exchange rate
karena mata uang fungsional adalah Rupiah, between US Dollar and Rupiah as the
sedangkan penjualan dan pendapatan tertentu, functional currency is Rupiah, while certain
beban pokok penjualan dan pendapatan tertentu sales and revenues, costs of sales and
serta pinjaman tertentu dilakukan dalam Dolar revenues and loans are denominated in US
AS. Bagian signifikan dari risiko nilai tukar mata Dollar. The significant portion of the foreign
uang asing berasal dari kas dan setara kas, exchange risk is contributed by cash and cash
piutang, hutang, dan biaya yang masih harus equivalents, account receivables, account
dibayar. payables, and accrued expenses.
Untuk mengantisipasi dan mengurangi risiko In order to anticipate and mitigate the risk of
fluktuasi kurs terhadap Dolar AS, Perusahaan exchange rate fluctuations against the US
mengusahakan, dimana memungkinkan, untuk Dollar, the Company seeks, where possible, to
memastikan bahwa sebagian besar pembelian ensure that significant portions of purchases
dan penjualan dilakukan dalam mata uang yang and sales are carried out in the same currency
sama serta dilakukan pada saat yang as well as matching the timing of transactions
hampir bersamaan dan mengimplementasikan and to implement a policy whereby debts in
kebijakan dimana hutang dalam mata uang asing foreign currency used to finance business
yang digunakan untuk membiayai kegiatan activities are made in the same currency
usaha dilakukan dalam mata uang yang sama (natural hedging). The management monitors
(lindung nilai alami). Manajemen juga memantau to make sure that such policies are
untuk memastikan bahwa kebijakan tersebut implemented to the maximum extent possible.
diimplementasikan semaksimum mungkin, The Company also enters, as appropriate, into
dimana memungkinkan, Perusahaan juga forward transactions with banks to buy US
melakukan transaksi pembelian forward untuk Dollar in relation to the purchases of petroleum
membeli Dolar AS dari bank sehubungan products made in US Dollar to create a
dengan pembelian produk BBM yang dilakukan hedging over the risk of currency exchange.
dalam mata uang Dolar AS dengan tujuan untuk
menciptakan lindung nilai terhadap risiko nilai
tukar tersebut.
Kelompok Usaha memonitor secara ketat The Group closely monitors the foreign
fluktuasi dari nilai tukar mata uang asing, exchange rate fluctuation and market
sehingga dapat mengambil langkah-langkah expectation so it can take the necessary
yang paling menguntungkan Kelompok Usaha actions benefited most to the Group in due
pada waktu yang tepat, antara lain, dengan time, among others, by buying forward with the
membeli transaksi forward dengan tujuan untuk purpose of hedging the exchange risk from its
lindung nilai dari risiko nilai tukar pembelian US Dollar purchases of petroleum products as
produk BBM dalam mata uang Dolar AS seperti mentioned above.
yang dijelaskan di atas.
131
Laporan Tahunan 2025
Page 431
The original consolidated financial statements included herein 429
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
b. Risiko Pasar (lanjutan) b. Market Risk (continued)
Risiko nilai tukar mata uang asing (lanjutan) Foreign exchange risk (continued)
Tabel berikut menunjukkan sensitivitas atas The following table demonstrates the
perubahan yang wajar dari nilai tukar Rupiah sensitivity to a reasonably change in Rupiah
terhadap Dolar AS, dimana semua variabel lain exchange rate against US Dollar, with all other
konstan dan mengasumsikan tidak ada variables held constant and assuming no
pembelian tambahan kontrak forward, atas aset additional forward contracts were purchased,
dan liabilitas moneter dalam Dolar AS terhadap on the US Dollar denominated monetary
laba sebelum pajak penghasilan konsolidasian assets and liabilities, to the consolidated
untuk tahun yang berakhir pada tanggal profits before income tax for the year ended
31 Desember 2025: December 31, 2025:
Kenaikan
(penurunan) Efek terhadap
dalam persentase/ laba sebelum
Increase pajak/
(decrease) Effect on income
in percentage before tax
Dolar AS - Rupiah 1% 11.958.349 US Dollar - Rupiah
(1%) (11.958.349)
Aset dan liabilitas moneter yang signifikan dari The Group’s significant monetary assets and
Kelompok Usaha dalam mata uang asing pada liabilities denominated in foreign currencies at
tanggal-tanggal pelaporan disajikan pada reporting dates are presented in Note 29.
Catatan 29.
Risiko harga komoditas Commodity price risk
Kelompok Usaha, secara khusus Perusahaan, The Group, in particular the Company, is
dipengaruhi oleh labilnya harga beberapa affected by the volatility of certain commodity
komoditas di pasar dari waktu ke waktu, prices in the market from time to time,
terutama dari komoditas harga minyak (“BBM”). specifically from petroleum products (“BBM”).
Penjualan BBM menyumbangkan lebih dari 50% The sales of BBM contributed over 50% for
pada kedua periode yang disajikan dari both periods presented from total consolidated
penjualan dan pendapatan konsolidasian. sales and revenues. The management
Manajemen memonitor pergerakan (tren) dan monitors the market trend and analysis of BBM
analisa pasar atas harga BBM secara ketat dan price strictly and continuously to minimize
terus menerus untuk meminimalisasi efek significant and negative impact to its financial
signifikan dan negatif terhadap kinerja performance. Management also reduces the
keuangannya. Manajemen juga mengurangi risk by maintaining a proper inventory level to
risiko ini dengan memelihara tingkat persediaan get the optimum effect from natural hedging.
secara tepat untuk mengambil efek terbaik dari
lindung nilai alami.
132
Laporan Tahunan 2025
Page 432
430 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko Likuiditas c. Liquidity Risk
Risiko likuiditas adalah risiko dimana Kelompok Liquidity risk is the risk that the Group is
Usaha tidak bisa memenuhi kewajiban pada saat unable to meet its obligations when they fall
jatuh tempo. Manajemen melakukan evaluasi due. The management evaluates and
dan pengawasan yang ketat atas arus kas monitors cash-in flows and cash-out flows to
masuk (cash-in) dan kas keluar (cash-out) untuk ensure the availability of funds to settle the due
memastikan tersedianya dana untuk memenuhi obligation. In general, fund needed to settle
kebutuhan pembayaran kewajiban yang jatuh the current and long-term liabilities is obtained
tempo. Secara umum, kebutuhan dana untuk from sales activities to customers.
pelunasan kewajiban jangka pendek maupun
jangka panjang yang jatuh tempo diperoleh dari
penjualan kepada pelanggan.
Tabel di bawah merupakan profil jatuh tempo The table below summarizes the maturity
liabilitas keuangan Kelompok Usaha pada profile of the Group’s financial liabilities at
jumlah kontraktual yang belum didiskonto pada undiscounted contractual amount as of
tanggal 31 Desember 2025 dan 2024: December 31, 2025 and 2024:
31 Desember 2025/December 31, 2025
Lebih dari 1
tahun sampai
dengan 2 tahun/ Lebih dari
Di bawah 1 tahun/ Over 1 year 3 tahun/ Total/
Below 1 year up to 2 years Over 3 years Total
Liabilitas Keuangan Financial Liabilities
Hutang bank jangka pendek 238.560.912 - - 238.560.912 Short-term bank loan
Hutang usaha 12.338.231.994 - - 12.338.231.994 Trade payables
Other payables -
Hutang lain-lain - pihak ketiga 205.008.603 - - 205.008.603 third parties
Biaya masih harus dibayar 663.234.721 - - 663.234.721 Accrued expenses
Liabilitas imbalan kerja jangka Short-term employee
pendek 118.052.612 - - 118.052.612 benefits liabilities
Liabilitas sewa 112.766.657 371.843.006 355.585.982 840.195.645 Lease liabilities
Hutang bank jangka panjang 1.466.374.801 2.650.895.746 1.491.751.833 5.609.022.380 Long-term bank loans
Hutang dividen 56.785.476 - - 56.785.476 Dividend payable
Total Financial
Total Liabilitas Keuangan 15.199.015.776 3.022.738.752 1.847.337.815 20.069.092.343 Liabilities
133
Laporan Tahunan 2025
Page 433
The original consolidated financial statements included herein 431
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko Likuiditas (lanjutan) c. Liquidity Risk (continued)
Tabel di bawah merupakan profil jatuh tempo The table below summarizes the maturity
liabilitas keuangan Kelompok Usaha pada profile of the Group’s financial liabilities at
jumlah kontraktual yang belum didiskonto pada undiscounted contractual amount as of
tanggal 31 Desember 2025 dan 2024: (lanjutan) December 31, 2025 and 2024: (continued)
31 Desember 2024/December 31, 2024
Lebih dari 1
tahun sampai
dengan 2 tahun/ Lebih dari
Di bawah 1 tahun/ Over 1 year 3 tahun/ Total/
Below 1 year up to 2 years Over 3 years Total
Liabilitas Keuangan Financial Liabilities
Hutang bank jangka pendek 7.047.633 - - 7.047.633 Short-term bank loan
Hutang usaha 10.391.582.462 - - 10.391.582.462 Trade payables
Other payables -
Hutang lain-lain - pihak ketiga 464.043.998 - - 464.043.998 third parties
Biaya masih harus dibayar 585.685.122 - - 585.685.122 Accrued expenses
Liabilitas imbalan kerja jangka Short-term employee
pendek 144.298.160 - - 144.298.160 benefits liabilities
Liabilitas sewa 47.734.252 281.892.436 433.446.673 763.073.361 Lease liabilities
Hutang bank jangka panjang 1.523.314.120 2.194.403.473 2.185.504.208 5.903.221.801 Long-term bank loans
Hutang dividen 1.000.288 54.107.938 - 55.108.226 Dividend payable
Total Financial
Total Liabilitas Keuangan 13.164.706.035 2.530.403.847 2.618.950.881 18.314.060.763 Liabilities
Perubahan pada Liabilitas yang Timbul dari Changes in Liabilities Arising from
Aktivitas Pendanaan Financing Activities
2025
Efek
Selisih Kurs/
1 Januari/ Arus Kas Neto/ Exchange Lain-lain/ 31 Desember/
January 1 Net Cash Flow Rate Effect Others December 31
Hutang bank jangka
pendek 7.000.000 230.365.000 - - 237.365.000 Short-term bank loan
Bagian lancar atas
hutang bank Current maturities
jangka panjang 1.140.851.204 (1.391.156.266) - 1.432.743.715 1.182.438.653 on long-term bank loans
Hutang bank
jangka panjang 3.645.033.749 1.488.745.613 - (1.430.691.443) 3.703.087.919 Long-term bank loans
Liabilitas sewa 524.227.040 (79.841.595) 904.520 144.600.748 589.890.713 Lease liabilities
Hutang dividen 55.108.226 - - 1.677.250 56.785.476 Dividend payable
Total liabilitas
dari aktivitas Total liabilities from
pendanaan 5.372.220.219 248.112.752 904.520 148.330.270 5.769.567.761 financing activities
134
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Page 434
432 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
c. Risiko Likuiditas (lanjutan) c. Liquidity Risk (continued)
Perubahan pada Liabilitas yang Timbul dari Changes in Liabilities Arising from
Aktivitas Pendanaan (lanjutan) Financing Activities (continued)
2024
Efek
Selisih Kurs/
1 Januari/ Arus Kas Neto/ Exchange Lain-lain/ 31 Desember/
January 1 Net Cash Flow Rate Effect Others December 31
Hutang bank jangka
pendek 5.000.000 2.000.000 - - 7.000.000 Short-term bank loan
Bagian lancar atas
hutang bank Current maturities
jangka panjang 1.089.267.780 (2.120.433.982) - 2.172.017.406 1.140.851.204 on long-term bank loans
Hutang bank
jangka panjang 3.117.277.847 2.700.000.000 (4.763.279) (2.167.480.819) 3.645.033.749 Long-term bank loans
Bagian lancar Current maturities on
atas hutang obligasi 36.833.937 (37.000.000) - 166.063 - bonds payables
Liabilitas sewa 380.386.577 (131.265.846) 1.197.547 273.908.762 524.227.040 Lease liabilities
Hutang dividen 55.536.914 - - (428.688) 55.108.226 Dividend payable
Total liabilitas
dari aktivitas Total liabilities from
pendanaan 4.684.303.055 413.300.172 (3.565.732) 278.182.724 5.372.220.219 financing activities
Kolom ‘Lain-lain’ mencakup efek reklasifikasi ke The ‘Others’ column includes the effect of
bagian lancar atas hutang bank jangka panjang, reclassification to current maturities on long-
hutang obligasi, penambahan sewa dan term bank loans and bonds payables, lease
penyesuaian karena berlalunya waktu, addition and adjustments due to the passage
Kelompok Usaha mengklasifikasikan bunga of time, The Group classifies interest paid as
yang dibayarkan sebagai arus kas dari aktivitas cash flows from operating activities.
operasi.
PENGELOLAAN MODAL CAPITAL MANAGEMENT
Tujuan utama pengelolaan modal Kelompok Usaha The primary objective of AKR Group’s capital
AKR adalah untuk memastikan pemeliharaan rasio management is to ensure that it maintains certain
modal tertentu yang sehat untuk mendukung usaha healthy capital ratios in order to support its
dan memaksimalkan imbalan bagi pemegang saham. business and maximize shareholder value. On a
Secara kelompok maupun pada tingkat entitas induk group basis, as well as at parent level, the
saja, manajemen menetapkan batas-batas, yang management sets up the measurement limits, on
tergantung kepada sifat proyek, untuk pengukuran the key capital related ratios, among others. Return
rasio-rasio utama sehubungan dengan modal, antara of Equity (“ROE”) and Debt to Equity Ratio (“DER”),
lain, yaitu Rasio Pengembalian atas Ekuitas (“ROE”) depending on the nature of the project, The
dan Rasio Hutang terhadap Ekuitas (“DER”), management manages the capital structure and
tergantung pada sifat dari proyek. Manajemen makes adjustments to it in line of changes in
mengelola struktur permodalan dan melakukan economic conditions. To maintain or adjust the
penyesuaian. berdasarkan perubahan kondisi capital structure, AKR Group may choose several
ekonomi. Untuk memelihara dan menyesuaikan options, among others, adjustment to dividend
struktur permodalan, Kelompok Usaha AKR dapat payment or issue new shares.
memilih sejumlah opsi seperti, antara lain,
menyesuaikan pembayaran dividen atau
menerbitkan saham baru.
135
Laporan Tahunan 2025
Page 435
The original consolidated financial statements included herein 433
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
34. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO 34. FINANCIAL RISK MANAGEMENT OBJECTIVES
KEUANGAN (lanjutan) AND POLICIES (continued)
PENGELOLAAN MODAL (lanjutan) CAPITAL MANAGEMENT (continued)
Pada tingkat entitas induk, Perusahaan juga memiliki At the parent entity level, the Company also has
sejumlah persyaratan rasio keuangan yang diminta certain financial ratio covenants imposed by the
para kreditur sehubungan dengan fasilitas kredit yang lenders from the available credit facilities provided
diberikan kepada Perusahaan. Sejumlah Entitas to the Company. Certain Subsidiaries are also
Anak juga dimintakan hal yang sama oleh para required the same requirements by their lenders. In
krediturnya. Di luar ROE dan DER, rasio terkait modal addition to the above ROE and DER, the ratio
yang juga disyaratkan para kreditur adalah rasio which is also imposed by the lenders related to
Investasi terhadap Ekuitas (“IER”) pada tingkat capital is the Investment to Equity Ratio (“IER”) at
Perusahaan. Selain itu, Perusahaan juga the Company’s level. In addition, the Company is
dipersyaratkan oleh Undang-undang Perusahaan also required by the Corporate Law Year 2007 to
Tahun 2007 untuk mengkontribusikan sampai contribute to and maintain a non-distributable
dengan 20% dari modal saham diterbitkan dan reserve fund until the said reserve reaches 20% of
dibayar penuh ke dalam dana cadangan yang tidak the issued and fully paid share capital.
boleh didistribusikan. Perusahaan telah melakukan The Company has set aside a reserve on a yearly
pencadangan secara tahunan dalam Rapat Umum basis through the Annual General Shareholders’
Tahunan Para Pemegang Saham ke akun Saldo Meeting to the Appropriated Retained Earnings
Laba yang Ditentukan Penggunaannya. account.
Pada tanggal-tanggal pelaporan, manajemen dapat At reporting dates, the management is able to
mempertahankan rasio aktual di atas batasan yang maintain the actual ratios above the limits set as
yang dijelaskan dalam Catatan 17 dan 18. mentioned in Notes 17 and 18.
35. STANDAR AKUNTANSI YANG TELAH 35. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE
EFEKTIF
Standar akuntansi baru dan amandemen standar The new and amended standards that have been
akuntansi yang telah diterbitkan sampai tanggal issued up to the date of issuance of the Group’s
penerbitan laporan keuangan konsolidasian consolidated financial statements, but not yet
Kelompok Usaha namun belum berlaku efektif effective are disclosed below. The management
diungkapkan berikut ini. Manajemen bermaksud intends to adopt these standards that are
untuk menerapkan standar-standar tersebut yang considered relevant to the Group when they
dipertimbangkan relevan terhadap Kelompok Usaha become effective, and the impact to the
pada saat efektif, dan dampaknya terhadap posisi consolidated financial position and performance of
dan kinerja keuangan konsolidasian Kelompok the Group is still being estimated as of December
Usaha masih diestimasi pada tanggal 31 Desember 31, 2025:
2025:
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2026
2026
Amendemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrument Keuangan Classification and Measurement of Financial
Instruments
Amandemen tersebut mencakup klarifikasi atas suatu The amendments includes a clarification that a
liabilitas keuangan dihentikan pengakuannya pada financial liability is derecognised on the ‘settlement
“tanggal penyelesaian” serta memperkenalkan date’ and the introduction of an accounting policy
pilihan kebijakan akuntansi (apabila kondisi tertentu choice (if specific conditions are met) to
terpenuhi) untuk menghentikan pengakuan liabilitas derecognise financial liabilities settled using an
keuangan yang diselesaikan melalui sistem electronic payment system before the settlement
pembayaran elektronik sebelum tanggal date.
penyelesaian.
136
Laporan Tahunan 2025
Page 436
434 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
35. STANDAR AKUNTANSI YANG TELAH 35. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2026
2026 (lanjutan) (continued)
Amendemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrument Keuangan (lanjutan) Classification and Measurement of Financial
Instruments (continued)
Selain itu, panduan tambahan ditambahkan Further, additional guidance is added on how the
mengenai bagaimana arus kas kontraktual untuk aset contractual cash flows for financial assets with
keuangan dengan fitur lingkungan, sosial, dan tata environmental, social and corporate governance
kelola perusahaan (ESG) serta fitur serupa harus (ESG) and similar features should be assessed.
dinilai. Amandemen tersebut juga mengklarifikasi apa The amendments also clarifiies what constitute
saja yang merupakan fitur non-recourse dan ‘non-recourse features’ and what are the
karakteristik instrumen yang terkait secara characteristics of contractually linked instruments.
kontraktual. Selain itu, amandemen tersebut The amendments also introduces of disclosures for
memperkenalkan persyaratan pengungkapan untuk financial instruments with contingent features and
instrumen keuangan dengan fitur kontinjensi serta additional disclosure requirements for equity
persyaratan pengungkapan tambahan untuk instruments classified at fair value through other
instrumen ekuitas yang diklasifikasikan pada nilai comprehensive income (OCI).
wajar melalui penghasilan komprehensif lain (OCI).
Amandemen tersebut berlaku efektif untuk periode Further, additional guidance is added on how the
tahunan yang dimulai pada atau setelah 1 Januari contractual cash flows for financial assets with
2026, dengan penerapan dini diperkenankan hanya environmental, social and corporate governance
untuk klasifikasi aset keuangan dan pengungkapan (ESG) and similar features should be assessed.
terkait. Kelompok Usaha tidak memperkirakan bahwa The amendments also clarifiies what constitute
amandemen tersebut akan memberikan dampak ‘non-recourse features’ and what are the
material terhadap laporan keuangan Kelompok characteristics of contractually linked instruments.
Usaha. The amendments also introduces of disclosures for
financial instruments with contingent features and
additional disclosure requirements for equity
instruments classified at fair value through other
comprehensive income (OCI).
Amandemen tersebut mengklarifikasi penerapan The amendments clarify the application of the
persyaratan own-use untuk kontrak yang berada ‘own-use’ requirements for in-scope contracts,
dalam ruang lingkup, mengubah persyaratan amend the designation requirements for a hedged
penetapan (designation) atas item yang dilindungi item in a cash flow hedging relationship for in-
dalam hubungan lindung nilai arus kas untuk kontrak- scope contracts, and add new disclosure
kontrak tersebut, serta menambahkan persyaratan requirements to enable investors to understand the
pengungkapan baru untuk memungkinkan investor effect of these contracts on a company’s financial
memahami dampak kontrak tersebut terhadap kinerja performance and cash flows.
keuangan dan arus kas perusahaan.
137
Laporan Tahunan 2025
Page 437
The original consolidated financial statements included herein 435
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
35. STANDAR AKUNTANSI YANG TELAH 35. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2026
2026 (lanjutan) (continued)
Amendemen PSAK 109 and PSAK 107: Klasifikasi Amendments to PSAK 109 and PSAK 107:
dan Pengukuran Instrument Keuangan (lanjutan) Classification and Measurement of Financial
Instruments (continued)
Amandemen tersebut akan berlaku efektif untuk The amendments will take effect for annual
periode pelaporan tahunan yang dimulai pada atau reporting periods starting on or after January 1,
setelah 1 Januari 2026. Penerapan dini 2026. Early adoption is allowed, but it must be
diperbolehkan, namun harus diungkapkan. disclosed. The amendments concerning the own-
Amandemen terkait pengecualian own-use use exception are to be applied retrospectively,
diterapkan secara retrospektif, sedangkan while the hedge accounting amendments should
amandemen akuntansi lindung nilai diterapkan be applied prospectively to new hedging
secara prospektif untuk hubungan lindung nilai baru relationships designated from the initial application
yang ditetapkan sejak tanggal penerapan awal. date. Additionally, the PSAK 107 disclosure
Selain itu, amandemen pengungkapan dalam PSAK amendments must be implemented alongside the
107 harus diterapkan bersamaan dengan PSAK 109 amendments. The Group does not
amandemen PSAK 109. Kelompok Usaha tidak anticipate that the amendments will have a material
memperkirakan bahwa amandemen tersebut akan effect on the Group’s financial statements.
memberikan dampak material terhadap laporan
keuangan Kelompok Usaha.
Penyesuaian tahunan 2024 Annual Improvements 2024
DSAK IAI menerbitkan Penyesuaian Tahunan 2024 The DSAK IAI issued Annual Improvements 2024
SAK Indonesia), yang mencakup klarifikasi, to SAK Indonesia, which include clarifications,
penyederhanaan, koreksi, atau perubahan untuk simplifications, corrections or changes to improve
meningkatkan konsistensi dalam PSAK 107 consistency in, PSAK 107 Financial instruments:
Instrumen Keuangan: Pengungkapan, PSAK 109 Disclosure, PSAK 109 Financial Instruments,
Instrumen Keuangan, PSAK 10 Laporan Keuangan PSAK 110 Consolidated Financial Statements and
Konsolidasian, dan PSAK 207 Laporan Arus Kas. PSAK 207 Statements of Cash Flows. The
Amandemen tersebut akan berlaku efektif untuk amendments will be effective for reporting periods
periode pelaporan yang dimulai pada atau setelah beginning on or after 1 January 2026. Earlier
1 Januari 2026. Penerapan lebih awal diperkenankan application is permitted and must be disclosed. The
dan harus diungkapkan. Amandemen tersebut tidak amendments are not expected to have a material
diharapkan menimbulkan dampak material terhadap impact on the Group’s financial statements.
laporan keuangan Kelompok Usaha.
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 118 akan menggantikan PSAK 201. Standar PSAK 118 will replace PSAK 201. The new
baru ini memperkenalkan persyaratan baru terkait standard introduces new requirements for
penyajian dalam laporan laba rugi, termasuk total dan presentation within the statement of profit or loss,
subtotal tertentu. Selain itu, entitas diwajibkan untuk including specified totals and subtotals.
mengklasifikasikan seluruh pendapatan dan beban Furthermore, entities are required to classify all
dalam laporan laba rugi ke dalam salah satu dari lima income and expenses within the statement of profit
kategori: operasi, investasi, pendanaan, pajak or loss into one of five categories: operating,
penghasilan, dan operasi yang dihentikan. investing, financing, income taxes and
discontinued operations.
138
Laporan Tahunan 2025
Page 438
436 The original consolidated financial statements included herein
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
35. STANDAR AKUNTANSI YANG TELAH 35. ACCOUNTING STANDARDS ISSUED BUT NOT
DITERBITKAN NAMUN BELUM BERLAKU YET EFFECTIVE (continued)
EFEKTIF (lanjutan)
Mulai efektif pada atau setelah tanggal 1 Januari Effective beginning on or after January 1, 2027
2027 (lanjutan) (continued)
PSAK 118: Penyajian dan Pengungkapan dalam PSAK 118: Presentation and Disclosure in
Laporan Keuangan (lanjutan) Financial Statements (continued)
Standar ini juga mensyaratkan pengungkapan ukuran The standard requires disclosure of newly defined
kinerja yang didefinisikan manajemen, subtotal management-defined performance measures,
pendapatan dan beban, serta mencakup persyaratan subtotals of income and expenses, and it also
baru terkait agregasi dan disagregasi informasi includes new requirements for aggregation and
keuangan. disaggregation of financial information.
PSAK 118 berlaku efektif untuk periode pelaporan PSAK 118 are effective for reporting periods
yang dimulai pada atau setelah 1 Januari 2027, beginning on or after January 1, 2027, but earlier
dengan penerapan dini diperkenankan dan harus application is permitted and must be disclosed.
diungkapkan. PSAK 118 akan diterapkan secara PSAK 118 will apply retrospectively.
retrospektif.
Kelompok Usaha saat ini sedang mengidentifikasi The Group is currently working to identify all
seluruh dampak yang akan timbul atas laporan impacts the amendments will have on the primary
keuangan utama dan catatan atas laporan keuangan financial statements and notes to the financial
terkait implementasi amandemen tersebut. statements.
PSAK 119: Entitas Anak Tanpa Akuntabilitas Publik - PSAK 119: Subsidiaries without Public
Pengungkapan Accountability - Disclosures
Standar baru tersebut memungkinkan entitas yang The new standard allows eligible entities to elect to
memenuhi syarat untuk memilih menerapkan apply its reduced disclosure requirements and still
pengungkapan yang lebih singkat dan tetap applying the recognition, measurement and
menerapkan persyaratan pengakuan, pengukuran, presentation requirements in other accounting
dan penyajian dalam standar akuntansi lainnya. standards. To be eligible, at the end of the reporting
Untuk memenuhi syarat, pada akhir periode period, an entity must be a subsidiary as defined in
pelaporan, entitas harus merupakan entitas anak PSAK 110, cannot have public accountability and
sebagaimana didefinisikan dalam PSAK 110, tidak must have a parent (ultimate or intermediate) that
memiliki akuntabilitas publik, dan memiliki entitas prepares consolidated financial statements,
induk (baik entitas induk akhir atau entitas induk available for public use, which comply with SAK
perantara) yang menyusun laporan keuangan Indonesia, SAK Internasional or IFRS accounting
konsolidasian yang tersedia untuk penggunaan standards.
publik dan sesuai dengan standar akuntansi
keuangan SAK Indonesia, SAK Internasional atau
IFRS accounting standards.
PSAK 119 akan berlaku efektif untuk periode PSAK 119 will become effective for reporting
pelaporan yang dimulai pada atau setelah 1 Januari periods beginning on or after January 1, 2027, with
2027, dengan penerapan dini diperkenankan. early application permitted. The Group anticipates
Kelompok Usaha memperkirakan bahwa standar that the new standard will have no material effect
baru tersebut tidak akan memberikan dampak on the Group’s financial statements.
material terhadap laporan keuangan Kelompok
Usaha.
139
Laporan Tahunan 2025
Page 439
The original consolidated financial statements included herein 437
are in the Indonesian language.
PT AKR CORPORINDO TBK PT AKR CORPORINDO TBK
DAN ENTITAS ANAKNYA AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2025 dan untuk As of December 31, 2025 and
Tahun yang Berakhir pada Tanggal Tersebut for the Year Then Ended
(Disajikan dalam Ribuan Rupiah, (Expressed in Thousands of Rupiah,
kecuali Dinyatakan Lain) unless Otherwise Stated)
36. AKTIVITAS NON-KAS 36. NON-CASH ACTIVITIES
Aktivitas non-kas yang mendukung laporan arus kas Non-cash activities supporting the consolidated
konsolidasian pada setiap tanggal pelaporan adalah statements of cash flows at each reporting date is
sebagai berikut: as follows:
31 Des. 2025/ 31 Des. 2024/
Dec. 31, 2025 Dec. 31, 2024
Acquisitions of property, plant
Penambahan aset tetap melalui and equipment through
penambahan hutang - akumulasi 233.542.138 402.385.377 incurrence of liabilities - accumulated
Acquisitions of property, plant
Penambahan aset tetap melalui and equipment through
reklasifikasi uang muka - 12.354.068 reclassification from advance payments
Pengurangan aset tetap melalui Deduction of property, plant
reklasifikasi ke akun and equipment through
biaya dibayar dimuka (29.589.757) - reclassification from prepaid expenses
37. PERISTIWA SETELAH PERIODE PELAPORAN 37. EVENTS AFTER THE REPORTING PERIOD
Ketegangan geopolitik di Timur Tengah Geopolitic tension in the Middle East
Ketegangan meningkat baru-baru ini pada akhir The tension escalated recently in the end of
Februari 2026 dengan adanya serangan udara oleh February 2026 with airstrikes by the United States
Amerika Serikat dan Israel ke berbagai lokasi dan and Israel on multiple sites and cities across Iran
kota di Iran, dan masih berlanjut hingga saat ini, and continues until now with the Iranian responded
dengan Iran merespons melalui serangan rudal dan by missile and drone strikes against the Israel and
drone terhadap Israel serta berbagai pangkalan various US bases and US-allied countries in the
militer Amerika Serikat dan negara-negara sekutu AS region. The strikes has posed wide-ranging
di kawasan tersebut. Serangan tersebut telah challenges globally, particularly disruption to the oil
menimbulkan berbagai tantangan secara global, and gas supply to around the world with the closing
khususnya gangguan terhadap pasokan minyak dan of Strait of Hormuz. Oil prices has increased
gas ke seluruh dunia akibat penutupan Selat Hormuz. significantly ever since, included the logistics
Harga minyak telah meningkat secara signifikan sejak costs. Given the evolving situation, the world is
saat itu, termasuk biaya logistik. Seiring dengan facing many unknown factors, uncertainties and
situasi yang terus berkembang, dunia menghadapi scarcity of supplies of energy.
berbagai faktor yang tidak pasti, ketidakpastian, serta
kelangkaan pasokan energi.
Manajemen memantau secara ketat dampak The management is closely monitoring the impacts
terhadap operasionalnya, dan akan mengambil to its operations, and shall take the most
tindakan/strategi yang paling tepat dalam appropriate action/strategy in dealing with different
menghadapi berbagai kondisi, termasuk bersikap situation, including prudent in credit analysis by
prudent dalam analisis kredit dengan berfokus pada focusing on its customers’ performances, careful in
kinerja pelanggan, serta berhati-hati dalam spendings and investments.
pengeluaran dan investasi.
Kelompok Usaha telah dan dapat terus menilai The Group has and may continue to assess the
dampak dari ketegangan di kawasan tersebut impact of the tension in the Region to the Group’s
terhadap operasional Kelompok Usaha. Dampak operations. Further significant impact of the
signifikan lebih lanjut dari konflik yang berkelanjutan, continued war, if any, will be reflected in the
apabila ada, akan tercermin dalam laporan keuangan Group’s consolidated financial statement in the
konsolidasian Kelompok Usaha pada periode subsequent periods.
berikutnya.
140
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438
Cross-Reference No. 16/SEOJK.04/2021:
Format and Completing the Annual
Report of Issuers or Public Companies
Description Page
I. General Terms
II. Report Format
1. The Annual Report is presented in the form of printed and electronic documents. ✓
The Annual Report is presented in the form of a printed document, printed on light colored paper, of
2. ✓
good quality, A4 size, bound, and can be reproduced with good quality.
The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by
3. ✓
including clear titles and/ or descriptions, so that they are easy to read and understand.
The Annual Report presented in the form of an electronic document is the Annual Report converted into
4. ✓
a portable document format (PDF).
III. Annual Report Contents
1. The Annual Report shall at least contain:
a. overview of important financial data; 24
b. stock information (if any); 28
c. report of the Board of Directors; 44
d. report of the Board of Commissioners; 38
e. profile of the Issuer or Public Company; 58
f. management analysis and discussion; 112
g. governance of Issuers or Public Companies; 166
h. social and environmental responsibility of the Issuer or Public Company; 280
i. audited annual financial report; and 285
j. statement letter of members of the Board of Directors and members of the Board of Commissioners
54-55
regarding their responsibility for the Annual Report.
2. Description of Annual Report Contents
a. Summary of Important Financial Data Summary of important financial data containing financial
information that is presented in the form of a comparison for 3 (three) fiscal years or since starting
its business if the Issuer or Public Company has carried out its business activities for less than 3
(three) years, at least containing:
i. income/sales; 25
ii. gross profit; 25
iii. profit (loss); 25
iv. the amount of profit (loss) attributable to owners of the parent entity and non-controlling interests; 25
v. total comprehensive profit (loss); 25
vi. total comprehensive profit (loss) attributable to owners of the parent entity and non-controlling
25
interests;
vii. earning (loss) per share; 25
viii. total assets; 24
ix. total liabilities; 24
Annual Report 2025
Page 441
439
Description Page
x. total equity; 24
xi. ratio of profit (loss) to total assets; 26
xii. ratio of profit (loss) to equity; 26
xiii. ratio of profit (loss) to revenue/sales; 26
xiv. current ratio; 26
xv. ratio of liabilities to equity; 26
xvi. ratio of liabilities to total assets; and 26
xvii.other information and financial ratios relevant to the Issuer or Public Company and the type of
26
industry
b. Stock Information
Stock information for a Public Company shall at least contain:
i. shares that have been issued for each quarterly period presented in the form of a comparison for
28
the last 2 (two) fiscal years, at least containing:
• number of shares outstanding ✓
• market capitalization based on the price on the stock exchange where the shares are listed; ✓
• the highest, lowest, and closing share prices based on prices on the stock exchange where the
✓
shares are listed; and
• trading volume on the stock exchange where the shares are listed. ✓
Information in letter b), letter c) and letter d) is only disclosed if the shares are listed on a stock
exchange;
ii. in the event of a corporate actions that causes changes in shares, such as stock splits, reverse
stock, stock dividends, bonus shares, changes in the nominal value of shares, issuance of
29
conversion securities, as well as capital additions and deductions, stock information as referred to
in number 1) shall be added with at least an explanation regarding:
• the date of implementation of the corporate action;
• the ratio of stock splits, reverse stock, stock dividends, bonus shares, the number of convertible
securities issued, and changes in the nominal value of shares;
• the number of outstanding shares before and after the corporate action;
• the number of convertible securities exercised (if any); and
• the share price before and after the corporate action;
iii. in the event of a temporary suspension of share trading (suspension) and/or delisting of shares in
29
the fiscal year, the reasons for the suspension and/or delisting of shares shall be explained; and
iv. in the event that the temporary suspension of share trading as referred to in number 3) and/or the
delisting process is still ongoing until the end of the Annual Report period, it explains the actions
29
taken to resolve the temporary suspension of share trading and/or cancellation of the share listing
(delisting).
c. Board of Directors' Report
i. The Board of Directors' report shall at least contain a brief description of:
• performance of the Issuer or Public Company, at least containing: 44
• strategy and strategic policies of the Issuer or Public Company; 46
• role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public
46
Companies;
• process carried out by the Board of Directors to ensure the implementation of the Issuer's or
46
Public Company's strategy;
• comparison between the results achieved and those targeted by the Issuer or Public Company;
47
and
• obstacles faced by Issuers or Public Companies; 46
ii. description of the business prospects of the Issuer or Public Company; and 50
Annual Report 2025
Page 442
440
Description Page
iii. implementation of the governance of Issuers or Public Companies. 48
d. Board of Commissioners’ Report
The Board of Commissioners' report shall at least contain a brief description of:
i. evaluation of the performance of the Board of Directors regarding the management of Issuers or
Public Companies, including the supervision of the Board of Commissioners in the formulation and 40
implementation of strategies for Issuers or Public Companies carried out by the Board of Directors;
ii. views on the business prospects of the Issuer or Public Company prepared by the Board of
41
Directors; and
iii. views on the implementation of governance of the Issuer or Public Company 41
e. Issuer or Public Company Profile
The profile of the Issuer or Public Company contains at least the following information:
i. name of the Issuer or Public Company, including if there is a change in name, the reason for the
58
change, and the effective date of the name change in the fiscal year;
ii. access to Issuers or Public Companies including branch offices or representative offices that
59
enable the public to obtain information about Issuers or Public Companies, including:
• address; 59
• telephone number; 59
• e-mail address; and 59
• website address; 59
iii. brief history of the Issuer or Public Company; 60
iv. vision and mission of the Issuer or Public Company as well as the corporate culture or corporate
6
values;
v. business activities according to the latest articles of association, business activities carried out in
66
the fiscal year, as well as types of goods and/or services produced;
vi. operational area of the Issuer or Public Company; operational area is the area or area for the
106-109
implementation of operational activities or the range of the company's operational activities.
vii. organizational structure of the Issuer or Public Company in the form of a chart, at least up to the
structure of 1 (one) level below the Board of Directors including committees under the Board of
74
Directors (if any) and committees under the Board of Commissioners, accompanied by names and
positions;
viii. list of industry association memberships both on a national and international scale related to the
73
implementation of sustainable finance;
ix. rectors’ profile, at least containing: 78-84
• name and position in accordance with the duties and responsibilities; ✓
• recent photograph; ✓
• age; ✓
• nationality; ✓
• education history and/or certification; ✓
• position history, including information on: ✓
▶ the legal basis for appointment as a member of the Board of Directors of the Issuer or Public
✓
Company concerned;
▶ concurrent positions, either as a member of the Board of Directors, member of the Board of
Commissioners, and/or committee member as well as other positions both inside and outside
✓
the Issuer or Public Company. In the event that a member of the Board of Directors does not
have concurrent positions, then this is disclosed; and
▶ work experience and period of time both inside and outside the Issuer or Public Company ✓
• affiliation with other members of the Board of Directors, members of the Board of
Commissioners, majority and controlling shareholders, either directly or indirectly to individual
✓
owners, including names of affiliated parties. In the event that a member of the Board of Directors
has no affiliation, the Issuer or Public Company shall disclose this matter; and
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• changes in the composition of the members of the Board of Directors and the reasons for the
changes. In the event that there is no change in the composition of the members of the Board of ✓
Directors, this matter shall be disclosed;
x. profile of the Board of Commissioners, at least containing: 75-77
• name and position; ✓
• recent photograph; ✓
• age; ✓
• nationality; ✓
• education history and/or certification; ✓
• position history, including information on: ✓
▶ legal basis for appointment as member of the Board of Commissioners; ✓
▶ egal basis for the first appointment as a member of the Board of Commissioners who is an
✓
independent commissioner of the Issuer or Public Company concerned;
▶ concurrent positions, either as a member of the Board of Commissioners, member of
the Board of Directors, and/or committee member as well as other positions both inside
✓
and outside the Issuer or Public Company. In the event that a member of the Board of
Commissioners does not have concurrent positions, then this is disclosed; and
▶ work experience and period of time both inside and outside the Issuer or Public Company ✓
• affiliation with other members of the Board of Commissioners, major shareholders, and
controllers either directly or indirectly to individual owners, including names of affiliated parties;
202
In the event that a member of the Board of Commissioners has no affiliation, the Issuer or Public
Company shall disclose this matter;
• statement of independence of the independent commissioner in the event that the independent
77
commissioner has served more than 2 (two) terms; and
• changes in the composition of the members of the Board of Commissioners and the reasons for
the changes. In the event that there is no change in the composition of the members of the Board 85
of Commissioners, this matter shall be disclosed;
xi. in the event that there is a change in the composition of the members of the Board of Directors
and/or members of the Board of Commissioners that occurs after the fiscal year ends up to the
deadline for submitting the Annual Report, the composition included in the Annual Report is the last 85
and previous composition of the members of the Board of Directors and/or members of the Board
of Commissioners;
xii. number of employees by gender, position, age, education level, and employment status
(permanent/contracted) in the fiscal year; Disclosure of information can be presented in tabular 154-155
form.
xiii. names of shareholders and percentage of ownership at the beginning and end of the fiscal year,
91-95
which consists of information regarding:
• shareholders who own 5% (five percent) or more shares of the Issuer or Public Company; 91
• members of the Board of Directors and members of the Board of Commissioners who own
shares of the Issuer or Public Company. In the event that all members of the Board of Directors
94
and/or all members of the Board of Commissioners do not own shares, then this matter is
disclosed; and
• community shareholder group, namely the group of shareholders who each own less than 5%
92
(five percent) of the shares of the Issuer or Public Company
The above information can be presented in tabular form.
xiv. the percentage of indirect ownership of the shares of the Issuer or Public Company by members of
the Board of Directors and members of the Board of Commissioners at the beginning and end of
the fiscal year, including information on shareholders registered in the shareholder register for the 94
benefit of indirect ownership of members of the Board of Directors and members of the Board of
Commissioners;
In the event that all members of the Board of Directors and/or all members of the Board of
Commissioners do not have indirect ownership of the shares of the Issuer or Public Company, this
matter shall be disclosed.
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xv. number of shareholders and percentage of ownership at the end of the fiscal year based on
92
classification:
• ownership in local institutions; ✓
• ownership in foreign institutions; ✓
• local individual ownership; and ✓
• foreign individual ownership; ✓
xvi. information regarding the majority and controlling shareholders of the Issuer or Public Company,
either directly or indirectly, up to the individual owner, which is presented in the form of a schematic 94
or chart
xvii.the name of the subsidiary, associate, joint venture company where the Issuer or Public Company
has joint control of the entity (if any), along with the percentage of share ownership, line of business,
99-100
total assets, and operating status of the subsidiary, associated company, joint venture company;
For a subsidiary, information about the address of the subsidiary is added.
xviii. chronology of share listing, number of shares, nominal value, and offering price from the beginning
of listing to the end of the fiscal year as well as the name of the stock exchange where the shares
of the Issuer or Public Company are listed, including stock splits, reverse stock, dividends shares, 96-97
bonus shares, and changes in the nominal value of shares, implementation of conversion effects,
implementation of capital additions and subtractions (if any);
xix. other securities listing information other than the securities as referred to in number 18), which have
not yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest 97
rate/yield, maturity date, offering value, and securities rating (if any);
xx. information on the use of a public accountant (AP) and a public accounting firm (KAP) services and
101-102
their networks/ associations/alliances include:
• name and address; ✓
• assignment period; ✓
• information on audit and/or non-audit services provided; ✓
• audit and/or non-audit fees for each assignment given during the fiscal year; and ✓
• in the event that AP and KAP and their network/association/alliance, which are appointed do not
✓
provide non-audit services, then the information is disclosed; and
• Disclosure of information on the use of AP and KAP services and their networks/associations/
✓
aliances can be presented in tabular form.
• name and address of capital market supporting institutions and/or professionals other than AP
✓
and KAP
f. Management Analysis and Discussion
Management analysis and discussion contains analysis and discussion of financial statements and
other important information with an emphasis on material changes that occurred in the fiscal year,
which at least contains:
i. a review of operations per business segment according to the type of industry of the Issuer or
113-121
Public Company, at least regarding:
• production, which includes the process, capacity, and development; 114-120
• income/sales; and 114-121
• profitability; 120-121
ii. comprehensive financial performance which includes a comparison of financial performance in
the last 2 (two) fiscal years, an explanation of the causes of the changes and the impact of these 122-133
changes, at least regarding
• current assets, non-current assets, and total assets; 122-126
• current liabilities, long term liabilities, and total liabilities; 126-127
• equity; 127-128
• income/sales, expenses, profit (loss), other comprehensive income, and total comprehensive
128-132
profit (loss); and
• cash flows; 132-133
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iii. ability to pay debts or obligations by presenting the relevant ratio calculations; 133-134
iv. collectibility level of the Issuer’s or Public Company’s receivables by presenting the relevant ratio
124
calculations;
v. capital structure and management policies on the capital structure with the basis for determining
134-135
the said policy;
vi. discussion of material ties for capital goods investment with an explanation that at least contains: 135
• the purpose of the bond; ✓
• the expected source of funds to fulfill the commitment; ✓
• the currency in which it is denominated; and ✓
• steps that are planned by the Issuer or Public Company to protect the risk from the related
✓
foreign currency position;
vii. discussion of capital goods investments realized in the last fiscal year, at least contains: 136
• type of capital goods investment; ✓
• the purpose of capital goods investment; and ✓
• the total of capital goods investments; ✓
viii. information and material facts occurring after the date of the accountant’s report (if any); 138
ix. the business prospects of the Issuer or Public Company are related to the conditions of the industry,
the general economy and the international market accompanied by quantitative supporting data 139-142
from reliable data sources;
x. comparison between the target/projection at the beginning of the fiscal year with the results
136
achieved (realization), regarding:
• income/sales; ✓
• profit (loss); ✓
• capital structure; or ✓
• other matters deemed important to the Issuer or Public Company; ✓
xi. targets/projections to be achieved by the Issuer or Public Company for the next 1 (one) year,
137
regarding:
• income/sales; ✓
• profit (loss); ✓
• capital structure; or ✓
• other matters deemed important to the Issuer or Public Company; ✓
xii. marketing aspects of the goods and/or services of the Issuer or Public Company, at least regarding
144-145
the marketing strategy and market share;
xiii. description of dividends for the last 2 (two) fiscal years, at least: 143
• dividend policy, which includes information on the percentage of dividends distributed to net
✓
income;
• date of payment of cash dividends and/or date of distribution of non-cash dividends; ✓
• the amount of dividends per share (cash and/or non-cash); and ✓
• the amount of dividends paid annually; ✓
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public
✓
Company does not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
xiv. realization of the use of proceeds from the public offering, provided that: 145
• in the event that during the fiscal year, the Issuer has an obligation to submit a report on the
realization of the use of funds, then the realization of the cumulative use of the proceeds from the
public offering shall be disclosed until the end of the fiscal year; and
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• in the event that there is a change in the use of funds as regulated in the Financial Services
Authority Regulation regarding the report on the realization of the use of the proceeds from the
public offering, the Issuer shall explain the change;
xv. material information (if any), regarding investment, expansion, divestment, business merger/
consolidation, acquisition, debt/capital restructuring, material transactions, affiliated transactions, 145
and conflict of interest transactions, which occurred during the fiscal year, at least containing:
• date, value, and object of the transaction; 147
• name of the party conducting the transaction; 147
• nature of the affiliation relationship (if any); 147
• explanation of the fairness of the transaction; 146
• compliance with related provisions; and 146
• in the event that there is an affiliation relationship, apart from disclosing the information as
referred to in letter a) to letter e), the Issuer or Public Company also discloses information:
▶ a statement from the Board of Directors that the affiliate transaction has gone through
adequate procedures to ensure that the affiliate transaction is carried out in accordance with 148
generally accepted business practices, by complying with the arms-length principle; and
▶ the role of the Board of Commissioners and the audit committee in carrying out adequate
procedures to ensure that affiliated transactions are carried out in accordance with generally 148
accepted business practices, by complying with the arms-length principle;
• for affiliated transactions or material transactions which are business activities carried out
to generate business income and are carried out regularly, repeatedly, and/or continuously,
an explanation is added that the affiliated transactions or material transactions are business 148
activities carried out to generate operating income. and run regularly, repeatedly, and/or
continuously;
In the event that the affiliated transactions or material transactions referred to have been disclosed in
the annual financial statements, additional information regarding the disclosure reference in the annual 147
financial statements is added.
• for disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
implementation of affiliated transactions and/or conflict of interest transactions that have been
approved by independent shareholders, additional information regarding the date of the GMS
which approved the affiliated transactions and/ or conflict of interest transactions is added;
• in the event that there is no affiliated transaction and/or conflict of interest transaction, then this
shall be disclosed;
xvi. changes in the provisions of laws and regulations that have a significant effect on Issuers or Public
148
Companies and their impact on financial statements (if any); and
xvii.changes in accounting policies, reasons and impact on financial statements (if any).
g. Issuer or Public Company Governance
The governance of the Issuer or Public Company shall at least contain a brief description of:
i. GMS, at least contains: 176
• Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the
fiscal year include:
▶ resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the
178
fiscal year; and
▶ resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not
183
been realized and the reasons for not realizing them;
• in the event that the Issuer or Public Company uses an independent party in the conduct of the
179
GMS to calculate the votes, then this matter shall be disclosed
ii. The Board of Directors, at least contains:
• duties and responsibilities of each member of the Board of Directors; 195
• Information regarding the duties and responsibilities of each member of the Board of Directors
196
is described and can be presented in tabular form.
• a statement that the Board of Directors has guidelines or charter for the Board of Directors; 194
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• policies and implementation of the frequency of meetings of the Board of Directors, meetings
of the Board of Directors with the Board of Commissioners, and the level of attendance of 206-207
members of the Board of Directors in the meeting including attendance at the GMS;
• Information on the attendance rate of Board of Directors members in Board of Directors
meetings, joint meetings with the Board of Commissioners, or General Meetings of Shareholders 206-207
can be presented in table form.
• training and/or competency development of members of the Board of Directors: 200
▶ policies for training and/or improving the competence of members of the Board of Directors,
including an orientation program for newly appointed members of the Board of Directors (if
any); and
▶ training and/or competency improvement attended by members of the Board of Directors in
the fiscal year (if any);
• the Board of Directors’ assessment of the performance of the committees that support the
208
implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
▶ performance appraisal procedures; and
▶ the criteria used are performance achievements during the fiscal year, are competence and
attendance at meetings; and
• in the event that the Issuer or Public Company does not have a committee that supports the
implementation of the duties of the Board of Directors, this matter shall be disclosed.
iii. The Board of Commissioners, at least contains:
• duties and responsibilities of the Board of Commissioners; 187
• a statement that the Board of Commissioners has guidelines or charter for the Board of
186
Commissioners
• policies and implementation of the frequency of meetings of the Board of Commissioners,
meetings of the Board of Commissioners with the Board of Directors and the level of attendance 204-206
of members of the Board of Commissioners in these meetings including attendance at the GMS;
Information on the level of attendance of members of the Board of Commissioners at the meeting of
the Board of Commissioners, the meeting of the Board of Commissioners with the Board of Directors, 204-206
or the GMS can be presented in tabular form.
• training and/or competency improvement of members of the Board of Commissioners: 192
▶ policy on competency training and/or development of members of the Board of
Commissioners, including orientation programs for newly appointed members of the Board
of Commissioners (if any); and
▶ competency training and/or development attended by members of the Board of
Commissioners in the fiscal year (if any);
• performance appraisal of the Board of Directors and the Board of Commissioners as well as each
208
member of the Board of Directors and the Board of Commissioners, at least containing:
▶ procedures for implementing performance appraisals;
▶ criteria used are performance achievements during the fiscal year, competency and
✓
attendance at meetings; and
▶ party conducting the assessment; and ✓
• Board of Commissioners’ assessment of the performance of the Committees that support the
192
implementation of the duties of the Board of Commissioners in the fiscal year includes:
▶ performance appraisal procedures; and ✓
▶ the criteria used are performance achievements during the fiscal year, competency and
✓
attendance at meetings;
iv. The nomination and remuneration of the Board of Directors and the Board of Commissioners shall
208-210
at least contain:
• nomination procedure, including a brief description of the policies and process for nomination
208
of members of the Board of Directors and/or members of the Board of Commissioners; and
• procedures and implementation of remuneration for the Board of Directors and the Board of
210
Commissioners, among others:
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▶ procedures for determining remuneration for the Board of Directors and the Board of
210
Commissioners;
▶ the remuneration structure of the Board of Directors and the Board of Commissioners such as
210
salary, allowances, tantiem/bonus and others; and
▶ the amount of remuneration for each member of the Board of Directors and member of the
210
Board of Commissioners; Disclosure of information can be presented in tabular form.
v. The sharia supervisory board, for Issuers or Public Companies that carry out business activities
-
based on sharia principles as stated in the articles of association, shall at least contain:
• name; -
• legal basis for the appointment of the sharia supervisory board; -
• period of assignment of the sharia supervisory board; -
• duties and responsibilities of the sharia supervisory board; and -
• frequency and method of providing advice and suggestions as well as supervising the fulfillment
-
of sharia principles in the capital market to Issuers or Public Companies;
vi. The audit committee, at least contains: 211-216
• name and position in committee membership; 212-213
• age; 212-213
• nationality; 212-213
• educational history; 212-213
• position history, including information on: 212-213
▶ legal basis for appointment as committee member; ✓
▶ concurrent positions, either as a member of the Board of Commissioners, member of the
✓
Board of Directors, and/or member of the committee as well as other positions (if any); and
▶ work experience and period of time both inside and outside the Issuer or Public Company; ✓
• period and term of office of the audit committee members; 211-212
• statement of independence of the audit committee; 213
• training and/or competency improvement that have been followed in the fiscal year (if any); 215
• policies and implementation of the frequency of audit committee meetings and the level of
214
attendance of audit committee members in those meetings; and
• the implementation of the audit committee’s activities for the fiscal year in accordance with the
215
guidelines or charter of the audit committee;
vii. the nomination and remuneration committee or function of the Issuer or Public Company, at least
216-220
containing:
• name and position in committee membership; 217-218
• age; 217-218
• nationality; 217-218
• educational history; 217-218
• position history, including information on: 217-218
▶ legal basis for appointment as committee member; ✓
▶ concurrent positions, either as a member of the Board of Commissioners, member of the
✓
Board of Directors, and/or member of the committee as well as other positions (if any); and
▶ work experience and period of time both inside and outside the Issuer or Public Company; ✓
• period and term of office of the committee members; 217
• statement of committee independence; 218
• training and/or competency improvement that have been followed in the fiscal year (if any); 220
• description of duties and responsibilities; 219
• a statement that it has a guideline or charter; 216
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• policies and implementation of the frequency of meetings and the level of attendance of
218-219
members at the meeting;
• brief description of the implementation of activities in the fiscal year; and 219
• in the event that no nomination and remuneration committee is formed, the Issuer or Public
-
Company is sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
▶ reasons for not forming the committee; and
▶ the party carrying out the nomination and remuneration function;
viii. other committees owned by Issuers or Public Companies in order to support the functions and
duties of the Board of Directors (if any) and/or committees that support the functions and duties of 221-223
the Board of Commissioners, at least containing:
• name and position in committee membership; 221
• age; 221
• nationality; 221
• educational history; 221
• position history, including information on: 221
▶ legal basis for appointment as committee member; ✓
▶ concurrent positions, either as a member of the Board of Commissioners, member of the
✓
Board of Directors, and/or committee member and other positions (if any); and
▶ work experience and period of time both inside and outside the Issuer or Public Company; ✓
• period and term of office of the committee members; 221
• statement of committee independence; 221
• training and/or competency improvement that have been followed in the fiscal year (if any); and 221
• description of duties and responsibilities; 222
• a statement that the committee has had guidelines or charters; 221
• policies and implementation of the frequency of committee meetings and the level of
222
attendance of committee members at the meeting; and
• a brief description of the committee’s activities for the fiscal year; 222
ix. Corporate secretary, at least contains: 223-225
• name; 82
• domicile; 82
• position history, including: 82
▶ legal basis for appointment as company secretary; and 82
▶ work experience and period of time both inside and outside the Issuer or Public Company; 82
• educational history; 82
• training and/or competency improvement followed during the fiscal year; and 224-225
• a brief description of the implementation of the duties of the corporate secretary for the fiscal
224
year;
x. Internal audit unit, at least contains: 225-230
• name of the head of the internal audit unit; 226
• position history, including: 226
▶ legal basis for the appointment as head of the internal audit unit; and 226
▶ work experience and period of time both inside and outside the Issuer or Public Company; 226
• qualification or certification as an internal audit profession (if any); 227-228
• training and/or competency improvement to be followed during the fiscal year; 227-228
• structure and position of the internal audit unit; 226
• description of duties and responsibilities; 227
• a statement that the internal audit unit has had guidelines or charters; and 225
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xi. a brief description of the implementation of the internal audit unit’s duties for the fiscal year
including the policy and implementation of the frequency of meetings with the Board of Directors, 229-230
Board of Commissioners, and/or audit committee;
• a description of the internal control system implemented by the Issuer or Public Company, at
230-234
least containing:
• financial and operational control, as well as compliance with other laws and regulations; 230
• review of the effectiveness of the internal control system; and 233
• statement of the Board of Directors and/or Board of Commissioners on the adequacy of the
234
internal control system;
xii. the risk management system implemented by the Issuer or Public Company, at least contains: 234-240
• general description of the risk management system of the Issuer or Public Company; 235-237
• types of risks and how to manage them; 238-239
• review of the effectiveness of the Issuer’s or Public Company’s risk management system; and 239
• statement of the Board of Directors and/or the Board of Commissioners or the audit committee
239
on the adequacy of the risk management system;
xiii. legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries,
members of the Board of Directors and members of the Board of Commissioners (if any), at least 240
contain:
• subject matter/claim; 240
• status of settlement of cases/claims; and
• effect on the condition of the Issuer or Public Company;
xiv. information on administrative sanctions/sanctions imposed on Issuers or Public Companies,
members of the Board of Commissioners and members of the Board of Directors, by the Financial 240
Services Authority and other authorities for the fiscal year (if any);
xv. information regarding the code of ethics of the Issuer or Public Company includes: 244
• main points of the code of ethics; 245
• form of socialization of the code of ethics and its enforcement efforts; and 245
• a statement that the code of ethics applies to members of the Board of Directors, members of
245
the Board of Commissioners, and employees of Issuers or Public Companies;
xvi. a brief description of the policy of providing long-term performance-based compensation to
management and/or employees owned by the Issuer or Public Company (if any), including the
246
management stock ownership program (MSOP) and/or program employee stock ownership
(ESOP);
In terms of providing compensation in the form of a management stock ownership program (MSOP)
and/or an employee stock ownership program (ESOP), the information disclosed must at least 246-247
contain:
• number of shares and/or options;
• implementation period;
• requirements for eligible employees and/or management; and
• exercise price or determination of exercise price;
xvii.a brief description of the information disclosure policy regarding: 201-202
• share ownership of members of the Board of Directors and members of the Board of
Commissioners no later than 3 (three) working days after the occurrence of ownership or any
change in ownership of shares of a Public Company; and
• implementation of the policy;
xviii. a description of the whistleblowing system at the Issuer or Public Company, at least containing 248-249
• method of submitting a violation report; 248
• protection for whistleblowers; 249
• complaint handling; 249
• party managing the complaint; and 249
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• result of complaint handling, at least: 249
▶ number of complaints received and processed in the fiscal year; and
▶ follow-up on complaints;
In the event that the Issuer or Public Company does not have a whistleblowing system, this matter is
disclosed.
xix. a description of the anti-corruption policy of the Issuer or Public Company, at least containing 247-248
• programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud,
247
bribery and/or gratification in Issuers or Public Companies; and
• anti-corruption training/socialization to employees of Issuers or Public Companies; 248
• In the event that the Issuer or Public Company does not have an anti-corruption policy, the
reasons for not having the said policy are explained.
xx. implementation of the Public Company governance guidelines for Issuers issuing equity securities
256-276
or Public Companies, including:
• a statement regarding the recommendations that have been implemented; and/or
• explanation of recommendations that have not been implemented, along with reasons and
alternative implementations (if any).
Disclosure of information can be presented in tabular form.
h. Social and Environmental Responsibility of Issuers or Public Companies
i. The information disclosed in the social and environmental responsibility section is a Sustainability
Report as referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017
280/SR
concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers,
and Public Companies, at at least includes:
• explanation of the sustainability strategy; ✓
• overview of sustainability aspects (economic, social, and environmental); ✓
• brief profile of the Issuer or Public Company; ✓
• explanation of the Board of Directors; ✓
• sustainability governance ✓
• sustainability performance; ✓
• written verification from an independent party, if any; ✓
• feedback sheet for readers, if any; and ✓
• the response of the Issuer or Public Company to feedback on the previous year’s report; ✓
ii. The Sustainability Report as referred to in point 1) must be prepared in accordance with the
Technical Guidelines for the Preparation of Sustainability Reports for Issuers and Public Companies,
✓
as set forth in Appendix II, which constitutes an integral part of this Circular Letter of the Financial
Services Authority:
iii. information on the Sustainability Report in number 1) can: ✓
• disclosed in other relevant sections outside the social and environmental responsibility section,
such as the Directors’ explanation regarding the Sustainability Report disclosed in the section ✓
related to the Directors’ Report; and/or
• refers to other sections outside the social and environmental responsibility section by still
referring to the Technical Guidelines for the Preparation of Sustainability Reports for Issuers
✓
and Public Companies as listed in Appendix II which is an integral part of this Financial Services
Authority Circular Letter, such as the profile of the Issuer or Public Company;
iv. The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but
✓
can be presented separately from the Annual Report;
v. In the event that the Sustainability Report is presented separately from the Annual Report, the
✓
information disclosed in the Sustainability Report must:
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• contains all the information as referred to in number 1); and ✓
• prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability
Report for Issuers and Public Companies as listed in Appendix II which is an integral part of this ✓
Financial Services Authority Circular Letter;
vi. In the event that the Sustainability Report is presented separately from the Annual Report, then the
social and environmental responsibility section contains information that information on social and
✓
environmental responsibility has been disclosed in the Sustainability Report which is presented
separately from the Annual Report; and
vii. Submission of the Sustainability Report which is presented separately from the Annual Report must
✓
be submitted together with the Annual Report.
i. Audited Annual Financial Report
The annual financial reports contained in the Annual Report are prepared in accordance with financial
accounting standards in Indonesia and have been audited by a public accountant registered with
the Financial Services Authority. The said annual financial report contains a statement regarding the
accountability for financial statements as regulated in the Financial Services Authority Regulation 285
regarding the Board of Directors’ responsibility for financial reports or the laws and regulations in the
capital market sector which regulates the periodic reports of securities companies in the event that
the Issuer is a securities company.
Statement Letters of Members of the Board of Directors and Members of the Board of
Commissioners regarding Responsibilities for the Annual Report Statements of members of the
Board of Directors and members of the Board of Commissioners regarding the responsibilities of
j. the Annual Report are prepared in accordance with the format of Statement Letters of Members of 54-55
the Board of Directors and Members of the Board of Commissioners regarding Responsibilities for
the Annual Report as contained in the Appendix I which is an integral part of this Financial Services
Authority Circular Letter.
Annual Report 2025
Page 453
2025 Annual Report PT AKR Corporindo Tbk AKR Tower 26th Floor JL. Panjang No. 5 Kebon Jeruk West Jakarta 11530, Indonesia (021) 5311110 www.akr.co.id
Names mentioned 198 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.3 ×2
unresolved
org
PT Aneka Kimia Raya
p.10 ×12
unresolved
org
PT Saritanam Pratama
p.10
unresolved
org
Indonesia Stock Exchange
p.11 ×7
unresolved
org
Sorini Corporation Tbk.
p.11 ×4
unresolved
org
PT Sorini
p.12
unresolved
—
Performance Evaluation
p.23
unresolved
org
PT Aneka Petroindo Raya
p.35 ×2
unresolved
org
PT Jakarta Tank Terminal
p.35 ×7
unresolved
org
Ministry of Energy and Mineral Resources
p.35 ×3
unresolved
org
Directorate General of Oil and Gas
p.35
unresolved
person
Sastra Kosasih
· Notaris
p.60 ×2
unresolved
org
Minister of Justice
p.60 ×3
unresolved
org
Gazette of the Republic of Indonesia No. 101
p.60
unresolved
—
741/1978.
p.60
unresolved
org
PT Aneka Kimia Raya. Initially
p.62
unresolved
org
PT Berkah Kawasan Manyar Sejahtera
p.62 ×5
unresolved
org
PT Berkah
p.62 ×6
unresolved
org
PT Berkah Buana Energi
p.62 ×6
unresolved
org
PT Anugrah Kreasi Pratama Indonesia
p.62 ×2
unresolved
org
PT Berkah Bunker Service
p.62 ×3
unresolved
org
Investments Limited
p.62
unresolved
org
PT Terminal Energi Primer
p.62 ×6
unresolved
org
PT Company Profile
p.63
unresolved
person
Dr. Amrul Partomuan
p.63
unresolved
person
Pohan
p.63
unresolved
org
Minister of Law and Human Rights
p.63 ×2
unresolved
person
Poerbaningsih Adi Warsito
· Notaris
p.63
unresolved
org
Sorini Agro Asia Corp
p.66 ×2
unresolved
org
PT Berlian Manyar Sejahtera
p.66 ×3
unresolved
org
Chemical Industries Ltd
p.67 ×3
unresolved
org
PT Berkah Renewable Energi Nusantara
p.67 ×3
unresolved
org
PT Anugerah Kimia
p.67
unresolved
org
Chemical Petroleum International Trading Pte. Ltd
p.67 ×3
unresolved
org
PT Asahimas
p.72
unresolved
org
PT Bayu Buana Gemilang
p.72
unresolved
org
PT Anugerah Krida Retailindo.
p.72 ×7
unresolved
org
PT Dirgantara Petroindo Raya
p.72 ×4
unresolved
org
PT AKR Transportasi Indonesia
p.73 ×4
unresolved
org
PT AKR Sea Transport
p.73 ×6
unresolved
org
PT BMS
p.73
unresolved
org
PT Arjuna Utama Kimia
p.73 ×6
unresolved
org
PT AKR Land.
p.74
unresolved
org
PT Dirgantara Petroindo
p.74
unresolved
org
PT Jakarta Tank Energy
p.76
unresolved
org
PT Dirgantara
p.76 ×2
unresolved
org
PT Aneka Network
p.76
unresolved
org
PT Anugerah Erpiny Tan Head
p.76
unresolved
org
PT Anugerah Kimia Insurance
p.76
unresolved
org
PT Berkah Timur
p.76
unresolved
org
PT Berlian Manyar
p.76
unresolved
org
PT Terminal Nilam
p.76
unresolved
org
Coal Trading Co. Ltd
p.77 ×3
unresolved
org
Co. Ltd
p.77
unresolved
org
AKR Container Port Co. Ltd
p.77 ×4
unresolved
org
PT AKR Land Development
p.77 ×2
unresolved
org
PT Union Perkasa Wisesa
p.77 ×2
unresolved
org
PT Andahanesa Abadi
p.77 ×6
unresolved
org
Minister of Agrarian Affairs and Spatial Planning
p.78
unresolved
org
Minister of National Development Planning
p.78
unresolved
org
Minister of Communication and Information Technology
p.78
unresolved
org
Minister of State-Owned Enterprises
p.78
unresolved
org
PT Indika Nature
p.78
unresolved
org
Indonesia Deposit Insurance Corporation
p.79
unresolved
org
Minister of Finance
p.79
unresolved
person
Fauzi Ichsan
p.79
unresolved
org
PT Bumi Karunia Pertiwi
p.80 ×3
unresolved
org
Transshipment Port Co. Ltd
p.80 ×4
unresolved
org
Port Co. Ltd
p.80 ×2
unresolved
org
PT Jabal Nor
p.80 ×2
unresolved
org
Lubrindo Shipping Services Pte Ltd
p.80
unresolved
org
PT Anugerah Lubrindo Batam
p.80 ×3
unresolved
org
PT Anugerah Lubrindo Raya
p.80 ×4
unresolved
org
PT Energi Manyar Sejahtera Haryanto
p.80
unresolved
org
PT AKR Niaga Indonesia Adikoesoemo
p.80
unresolved
org
PT Anugrah Karya Raya
p.80 ×3
unresolved
org
PT Usaha Era Pratama Nusantara Nationality
p.80
unresolved
org
PT Terminal Nilam Utara
p.81 ×2
unresolved
org
PT AKR Niaga Indonesia
p.81 ×4
unresolved
org
PT Berkah Kawasan Manyar Sejahtera Jimmy
p.81
unresolved
org
PT Usaha Era Pratama Nusantara
p.81 ×5
unresolved
person
Affiliation Relationships
· Director
p.81
unresolved
org
PT Berlian Manyar Stevedore
p.82
unresolved
org
Sorini Agro Asia Corporindo Tbk
p.84 ×2
unresolved
org
PT Perkasa Heavyndo Engineering
p.84
unresolved
org
TVs Electronics Limited
p.84
unresolved
org
PT Anugerah Kimia Indonesia
p.84 ×2
unresolved
org
PT Anugerah Kreasi Pratama Indonesia
p.86
unresolved
org
PT Universal
p.88
unresolved
org
PT Bank Universal
p.88
unresolved
org
PT Warner Lambert Indonesia
p.88
unresolved
org
PT Bank Bali
p.88
unresolved
org
PT AKR
p.89 ×3
unresolved
org
Corporindo Tbk
p.89 ×4
unresolved
org
PTE LTD
p.89
unresolved
org
PT AKR Career History
p.90 ×2
unresolved
org
PT Jasatama Petroindo
p.90
unresolved
org
PT Mundipharma Healthcare
p.90
unresolved
org
SMART Tbk
p.90 ×2
unresolved
org
PT Nissan Motor
p.90
unresolved
org
Matahari Department Store Tbk
p.91 ×2
unresolved
—
MALAYSIA - TAX TREATY
p.93
unresolved
—
INSTITUTION - FOREIGN
p.93
unresolved
org
PT. AXA MANDIRI FINANCIAL
p.94
unresolved
org
AKRT Limited
p.96
unresolved
person
Tegoeh Hartanto
· Notaris
p.96
unresolved
person
Yulia
· Notaris
p.96 ×3
unresolved
org
PT Arjuna Niaga
p.100
unresolved
org
PT AKR Sea
p.100 ×2
unresolved
org
PT Anugrah Kimia
p.100
unresolved
org
PT Berlian Kawasan Manyar Manyar Sejahtera Sejahtera
p.100
unresolved
org
PT AKR Dirgantara Transportasi Petroindo Indonesia Raya
p.100
unresolved
org
PT Usaha Lubrindo
p.100
unresolved
org
PT Terminal Lubrindo Energi Primer Batam
p.100
unresolved
org
PT Shipping Andahanesa Services Pte Abadi Ltd
p.100
unresolved
org
PT Terminal Bunker Nilam Utara Service
p.100
unresolved
org
PT Anugerah Kreasi Pratama Indonesia Our Joint Venture
p.100
unresolved
org
PT Berkah Kawasan
p.100
unresolved
org
PT Aneka Petro Indo Raya Manyar Sejahtera
p.100
unresolved
org
PT Anugerah Lubrindo Raya Annual
p.100
unresolved
org
PT Usaha Loading
p.101
unresolved
org
PT Andahanesa West Abadi
p.101
unresolved
org
PT Arjuna Adhesive
p.101
unresolved
org
PT Anugrah Coal Mining
p.101
unresolved
org
PT Jakarta Tank
p.101
unresolved
org
PT AKR Niaga
p.101
unresolved
org
PT AKR Services
p.101
unresolved
org
PT Anugerah Krida
p.101
unresolved
org
PT Berkah Gas Trading
p.101
unresolved
org
PT Berkah Operation
p.101
unresolved
org
PT Terminal Energy Logistics
p.101
unresolved
org
PT Berkah Kawasan Gresik
p.102
unresolved
org
PT Berlian Gresik
p.102
unresolved
org
PT Terminal Surabaya
p.102
unresolved
org
PT Anugerah Kreasi Pratama
p.102
unresolved
org
PT Krida Jasa
p.102
unresolved
org
PT Aneka Retail Petroleum
p.102
unresolved
org
PT Anugerah Lubricant
p.102 ×2
unresolved
org
PT Berkah North
p.102
unresolved
org
Lubricants Ltd
p.102
unresolved
org
PT AKR Niaga Indonesia Wholesale Trading
p.102
unresolved
org
Purwanto Susanti
p.103 ×2
unresolved
person
Feniwati Chendana
p.103 ×3
unresolved
org
Purwantono
p.103 ×4
unresolved
org
Bank Corporations
p.103
unresolved
org
PT Raya Saham Registra
p.104
unresolved
org
Legal Consultant Makes & Partners
p.104
unresolved
person
K.H. Mas Mansyur
p.104
unresolved
person
Notary Kantor Notaris Aryanti Artisari
p.104 ×2
unresolved
org
Kantor Notaris Aryanti Artisari
p.104
unresolved
org
PT. Bimoli
p.109
unresolved
org
Bank Sulawesi Tengah
p.111
unresolved
org
Bank Indonesia
p.114 ×2
unresolved
org
Bank Indonesia’s
p.114
unresolved
org
Ministry of Investment and Downstreaming
p.115
unresolved
org
PT Berkah Kawasan PVC
p.115
unresolved
org
Hailiang Nova Material AKR Corp
p.120
unresolved
org
Bank Indonesia Cash Depot
p.120
unresolved
org
PT Berlian
p.121
unresolved
org
Ministry of Transportation
p.121
unresolved
org
PT Freeport Indonesia
p.122
unresolved
org
PT AKR Cor
p.290
unresolved
org
Young Global Limited
p.290 ×2
unresolved
org
Menteri Kehakiman Republik
p.309
unresolved
org
Ministry of Justice
p.309
unresolved
org
Pengadilan Negeri Surabaya
p.309
unresolved
org
Kimia Raya Tbk.
p.309
unresolved
person
Artisari
p.309
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