Penjelasan Perubahan Liabilitas Aset.pdf

PT SAT NUSAPERSADA Tbk

HIGH TECHNOLOGY ELECTRONICS MANUFACTURER

JALAN PELITA VI NO. 99, BATAM 29443, KEPULAUAN RIAU - INDONESIA
TEL. (62.778) 570 8888 (HUNTING) 3 3 E
http : //www.satnusa.com 2, 2,

LIABILITAS

Total Liabilitas Perseroan pada tanggal 31 Desember 2025 adalah sebesar USD 101.617.817 meningkat sebesar
147Y6 dari Total Liabilitas Perseroan pada tanggal 31 Desember 2024 sebesar USD 41.065.424

Peningkatan ini terutama disebabkan oleh peningkatan pada :

31 Desember 2025 31 Desember 2024 Peningkatan K
Utang Usaha kepada Pihak Ketiga | UsD 49.923.474 | USD 12.550.914 | USD 37.372.560 297,779)
Utang Lain-lain USD 14.320.801 | USD 3.179.811 | USD 11.140.990 350,3776)
Utang Bank USD 30.833.642 | USD 19.600.000 | USD 11.233.642 57,31
USD 95.077.917 | USD 35.330.725 | USD 59.747.192 169,11:

Utang Usaha : Peningkatan pada Utang Usaha kepada Pihak Ketiga yang berkaitan dengan pembelian bahan baku
untuk produksi produk Smartphone merek Motorola dan produk Laptop/Desktop merek Asus dan Lenovo.

Utang Lain-lain : Peningkatan pada Utang Lain-lain terutama terkait dengan kegiatan pembangunan pabrik baru
serta penambahan modul dan lini Surface Mount Technology (SMT), termasuk peralatan pendukung operasional,

sebagaimana telah dijelaskan dalam uraian mengenai peningkatan Aset Tetap.

Utang Bank : Pada tanggal 7 November 2024, perseroan memperoleh penambahan fasilitas kredit investasi dari PT
Bank Mandiri (Persero) Tbk, dengan saldo per 31 Desember 2025 sebesar USD 28.833.642 untuk pembiayaan

pembangunan pabrik baru.

PT SAT NUSAPERSADA Tbk

HIGH TECHNOLOGY ELECTRONICS MANUFACTURER

JALAN PELITA VI NO. 99, BATAM 29443, KEPULAUAN RIAU - INDONESIA

TEL. (62-778) 570 8888 (HUNTING) 3 (v 3 &
http : //www.satnusa.com KA 3 B1

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March 27, 2026

No. 001/PTSN/FD/III/2026

To:

PT Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower I
Jl. Jend. Sudirman kav. 52-53

Jakarta 12190
Mr. I Gede Nyoman Yetna (Direktur Penilaian Perusahaan)

Subject : Explanation of the Causes of Fluctuations of More than 209h in Total Assets and Liabilities

Dear Sir,

Referring to the Indonesia Stock Exchange's Regulation Number I-E provision number I11.1.1.4 regarding the causes
of fluctuations of more than 209 in Total Assets and Total Liabilities, herewith we provide the explanation as follows:

ASSET

The Company's Total Asset as of December 31, 2025 amounted to USD 228,833,102 an increase of 469h from the
Company's Total Asset as of December 31, 2024 of USD 156,223,047.

This increase was mainly due to increase in :

December 31,2025 | December 31, 2024 Increase EI
Trade Receivables from Third
Parties USD 35,342,644 | USD 11,462,310 | USD 23,880,334 208.345)
Inventories USD 35,261,212 | USD 15,247,346 | USD 20,013,866 131.265)
Fixed Assets - Net of Accumulated
Depreciation USD 139,599,880 | USD 95,724,628 | USD 43,875,252 45.83K)
USD 210,203,736 | USD 122,434,234 | USD 87,769,452 71.695)

Trade Receivables and Inventories : The increase in the Company's inventories was primarily driven by higher

production activities of Motorola-branded smartphones as well as Asus and Lenovo-branded laptops/desktops.
Inventory reserves as of December 2024 were prepared to support production needs in the first guarter of 2025,
considering that certain products, such as Lenovo, had not yet entered the production stage, while other products,
namely Motorola and Asus, had not yet experienced an increase in orders. As production commenced and customer
demand for these products increased in 2025, the Company adjusted its inventory reserves accordingly to meet the
growing order reguirements. In addition, trade receivables also increased in line with the higher sales of

Motorola-branded smartphones as well as Asus and Lenovo-branded laptops/desktops.

Fixed Assets : The increase in fixed assets - net of accumulated depreciation was mainly due to the construction of a
new factory to support the Company's surge in sales order, with construction cost reaching USD 35 million recorded
Assetunder Construction as of December 31, 2025, and work still in progress. In addition, the Company also invested
in new modules and SMT Machine Lines and factory eguipment for new production lines in response to increased

forecasts from several customers, including TCL (Jolly World) and Motorola.

PT SAT NUSAPERSADA Tbk

HIGH TECHNOLOGY ELECTRONICS MANUFACTURER
JALAN PELITA VI NO. 99, BATAM 29443, KEPULAUAN RIAU - INDONESIA
TEL. (62:778) 570 8888 (HUNTING) 3 (v 3 (v -
http : //www.satnusa.com - . 4
S6s| “0, SGS| “1
LIABILITIES

'The Company's Total Liabilities as of December 31, 2025 amounted to USD 101,617,817, an increase of 1474 from
the Company's Total Liabilities as of December 31, 2024 of USD 41,065,424.

This increase was mainly due to increase in :

December 31,2025 | December 31,2024 Increase K&
Trade Payables to Third Parties USD 49,923,474 | USD 12,550,914 | USD 37,372,560 297.7746j
Other Payables USD 14,320,801 | USD 3,179,811 | USD 11,140,990 350.379)
Bank Loans USD 30,333,642 | USD 19,600,000 | USD 11,233,642 57.314)
USD 95,077,917 | USD 35,330,725 | USD 59,747,192 169.118)

Trade Payables : The increase in Trade Payables to Third Parties related to the purchase of raw materials for the

production of Motorola-branded smartphones as well as Asus and Lenovo-branded laptops/desktops.

Other Payables : The increase in Other Payables was primarily related to the construction ofa new factory as well as
the addition of modules and Surface Mount Technology (SMT) lines, including supporting operational eguipment, as

described in the explanation of the increase in Fixed Assets.

Bank Loans : On November 7, 2024, the company obtained an additional investment credit facility from PT Bank
Mandiri (Persero) Tbk, with a balance of USD 28,833,642 as of December 31, 2025 for the financing of a new factory

construction.

AN, PELITA Vi NO. 99
Pi LAU BATAM

Opy : 1. Kepala Divisi Penilaian Perusahaan 2.